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20 - MANCHESTER HERALD. Tuesday. May 22, 1984 BUSINESS Here’s outdoor cooking Space support gear Is \Coventry citizens Don’t over-improve your home! You’ll lose with a Colonial flavor standard at Hamlltpn OK town budget ... page 13 ... page 21 ... page 19 We recently built un expensive addition toourhome homeowners stay within 10 percent to 15 percent of the Even if your home improvements take the form of in exurbiii. The chances that we ll recoup the cost — sales value of homes in their neighborhood if they are energy conservation measures that offer some tax much less make money on it — are next to zero. But making improvements. However, the longer you plan incentives, over-improvement remains a danger. the addition was my dream; 1 achieved it. 1 realize Your to stay in the house, the more easily you can disregard Active solar equipment, for instance, may not fit in that as a financial investment, it was ridiculous. In these suggested limits. Essentially, long-term owners with the neighborhood. Especially if you don’t plan to full knowledge of all the drawbacks, we built it. And I Money's will finance the use of the improvement and any stay long, you won’t recover enough in energy savings love every inch of the waste. appreciation in the value of your house will cover the to make it worthwhile. If you're remodeling, renovating, pushisng through Worth difference. Manchester, Conn. This IS a particularly timely topic now because Rain ending tonight; any major home-improvement project in this peak Sylvia Porter As an illustration, that $15,000 kitchen would pay for Wednesday. May 23, 1984 season, there's one rule you must obey if you plan to itself if you live in your $90,000 home for, say, another mortgage rates are rising again, home sales are Sun returns Thursday •sell your house in the next several years: 15 years. In this span; the house also is likely td have drooping, and as a homeowner, you may be forced to Single copy; 25<t Don't over-improve! appreciated in value — helping to make up the stay put for a period and make do. — See page 2 If the addition 6r renovation job you have in mind difference. A Long Island family living in a village of will make your house the most expensive one in your As another illustration, if that $15,000 swimming $250,000-and-up homes recently built a major addition ifflanrffrfitrr lirrali neighborhood, the odds arc you will never get that the value of that house to $105,000. The neighborhood pool is built in a neighborhood where the houses range to their home that they estimate increases its vaiue to money back when you sell your home. simply won't support it. widely in value, the owners have more leeway than is $300,000 or more. It’s more attractive for resale, they Anything involving major construction has the Or say you install a $15,000 kitchen in your $90,000 suggested by the $90,000 price of tSair home. They can believe, even in this range. potential to overvalue your house. Or as Bryan home. The kitchen features the latest and most safely upgrade their property's value without Patchan notes that most people improve their Patchan. executive director of the Remodelers elaborate appliances for the gourmet cook. In an area exceeding the ibaximum and they can, in fact, homes not for resale but for their own conveniences, Council of the National Association of Home Builders, of $85,000 to $95,000 houses, there is virtually no way to enhance their home's resale value. enjoyment, accommodation. If you are worrying whether your neighborhoodppif ETS admits errors in scoring of 1983 SATs puts it: recover your investment if you sell within a few years Some improvements just about promise a return. "You don't want to have the best house in the (although you will have enjoyed the use of the kitchen Turning a carport into another room or finishing a support your contemplated improvement, tallc to plaining the drop in MHS scores neighborhood in terms ol pure returnon investment. " during that lim e). basement are samples of improvements that require several local real estate agents. They are best our faces,” Ludes said. September. Bv Sarah E. Hall ■’The major finding was that students who took the test the year has made officials there more For instance, in a neighborhood of $90,000 houses, But. of course, that 's only part of this compleutale. relatively nxtdesl outlays. It should be comparatively positioned to evaluate your project and tell you facts before were wrongly included. He claimed MHS was the first "E TS made it very clear that 2 fewer of our better students took the addition of a $t5,000 swimming pool won't escalate As a rule ol thumb. Patchan recommel#ls that about values in your area. Herald Reporter they are implementing a number aware of local concerns when SAT easy to recover these costs on resale. the test in 1983 and more of our Although Ludes suspected these school in the nation to receive a list of changes in the way they deal scores drop inexplicably. poorer students took the test in 1983 errors earlier, he said he did not matching students with scores, as Manchester High School Princi­ with schools, mainly because ol the than ever before,” Ludes said. realize they were important until a well as "open, honest ” treatment "1 think It's sate to say that we pal Jacob Ludes said today that a Manchester experience ... they’ve Goes for chic "Apparently, more students who top ETS statistician told him they from the agency — which oversees don’t warn this type of breakdown day-long meeting with Educa­ indicated a desire to be much more wouldn’t have taken the test in were "very significant.” SATs in thousands of towns across to ever happen again — with Business tional Testing Service officials on open with their clients,’ Ludes Tuesday has shed light on why the years gone by are taking the test He said he emerged from the the the country. anybody, " Noeth said. said. now.” meeting in Princeton, N.J., with The mean verbal SAT scores of mean scores of Manchester Scho­ Richard Noeth. director of ad­ One ol the lirst discoveries In Brief Stamford shakes whistle stop image lastic Aptitude Tests dropped 50 Among his other findings was new hope that the Manchester the 1983 graduates dropped 23 missions and guidance lor the Ludes made Tuesday was that an points last year. that 10 scores of students believed experience has changed the way points over the 1982 scores. Mean 3 ETS, said this morning that while extensive report which ETS for­ to have done well on the test were the testing service will deal with math scores fell 27 points — a drop New vice president named By Dennis C.-Milewski The ETS has admitted errors in his agency has never had an warded to MHS through the omitted from the summary list schools across the nation. both ETS and school officials were United Press International its calculation of the mean SAT official policy on dealing with College Board in October never NEW HAVEN — Charles B. Harrison has been scores for the MHS Class of 1983, from which the mean score was ” We have opened up some doors unable to account for when the we thought had been slammed in scores were announced last schools, Ludes’ insislence on ex­ arrived. named to a new position of vice president- STAMFORD — Commuters still rise early to ride Ludes said. derived. Scores of two other technology at Southern New England Telephone crowded trains to Manhattan, but a climbing skyline Co. of shining glass and steel measures the steady march Harrison, 46. was formerly vice president and of corporate headquarters north from New York. general manager of the Switch Systems Division Stamford is Connecticut’s boom town — the nation's Iraqi president threatens ol Rockwell International Corp. third-largest center for Fortune 500 companies like GTE, Xerox and Singer Cdtqx'— with an unemploy­ Xr Coleco hires ad agency ment rate consistently ranked lowest in the country. |i!!! Secretaries spend lunch hours browsing in Macy's increased attacks on Iran WEST HARTFORD — Coleco Industries, and Saks Fifth Avenue, ice cream cones are parent to Cabbage Patch dolls, announced an Haagen-Dazs and snarled traffic lurches past advertising account has been awarded to a New frenzied downtown construction. gia United Press International war ellorl. was not ashamed of its Iraq launched the war in Sep­ York advertising firm for its new 'line of "Stamlord was a sleepy little commuter town, " !i»i raids on shipping and would tember t980, by seizing the dis­ electronic products. said Leonard Sansone, a lile-long Stamlord resident, Iraqi President Saddam Hussein continue attacking all vessels puted Shatt al-Arab waterway Coleco olficials said the firm of Ketchum who.se pride in his city is tinged with regret. iilli today vowed continued attacks on operating near fhe Iranian coast. between the two countries and Advertising-New York w ill developconsumerads San.sone is a real estate broker and shares in the vessels carrying Iranian oil in the The threat came one day after invading Iran. lor the company's entire electronic line, with a startling new market where he said demand is high, Persian Gulf and said his armed President Reagan said he could not In another development, Syrian major emphasis on the ADAM home computer for hou.se.s in the $250,000 to $350,000 price range.

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