Home values are rising in the Grandmont Rosedale area, boosted by GRDC’s home renovation program. Interest from home buyers is higher than it has been in years, pushing values up more than 25% in the last year alone.
“Our renovation projects have played a significant role in the market turn-around,” said GRDC Executive Director Tom Goddeeris. “We’ve renovated 55 homes in the last 5 years, and these houses have helped set the mark for other sales in the community.” Recent renovation projects have included homes in all five Grandmont Rosedale neighborhoods, ranging from a cozy two bedroom craftsman bungalow under renovation in Minock Park to an historic four bedroom Tudor home in Grandmont, which is currently for sale. “The renovation projects, when combined with all of our other efforts to combat blight and vacancy, prevent foreclosure, support local homeowners, and promote our community to new home buyers, are really paying off for our community,” continued Goddeeris. “The result is a stronger, more stable neighborhood for everyone.” Visit www.grandmontrosedale.com to see a list of the homes currently for sale.
Donate a House to GRDC
One of the best ways to support the work of GRDC is to donate a house for renovation. GRDC will consider properties in as-is condition as long as they are located in the Grandmont Rosedale area, and donors are entitled to a tax deduction for the full appraised value of the home.
Over the years, GRDC has received several donated houses, including homes left to us in a homeowner’s will. There is even an option called a “bargain sale” through which a house donor can receive some cash for their home and get a substantial tax deduction. A bargain sale applies when the home is sold to GRDC for less than 20% of its appraised value.
There are many benefits to donating a house in addition to the tax deduction. GRDC makes the process easy, so you can avoid the hassle of selling and securing a vacant house. You will also be helping to support a proven program for preserving one of Detroit’s great communities.
To discuss a home donation, contact GRDC Executive Director Tom Goddeeris at 313.387.4732 or firstname.lastname@example.org.