SEARCH:
Consumer Services
Other Services For

Increased Home Value

One of the great benefits of the HomePort financing methods is that the value of your house can increase in value by the amount of the life-style products and services you purchase. This page will explain how this is accomplished.


 

Value Increase – The house that has the HomePort life-style products and services “Attached” has more value then a house that has no products and services “Attached”. If your house has $18,000 of HomePort telecom services “Attached” to the house, your house has $18,000 of additional “Value” as compared to another house that doesn’t have the telecom services “Attached”. This increased “Value” can be used to get a larger mortgage loan or a higher price when you sell.

Appraisal of Value – Most times when you are going to finance or refinance your house, you will need an appraisal. Your appraiser will compare your house to other houses that have sold in your area. The appraiser then adds to or subtracts from your house’s value based on whether your house as amenities that are better or worse then the “comparable” houses. If your house is identical with another house, but your house has $18,000 of pre-paid telecom services “Attached” then your house should be worth $18,000 more than the other homes.

Certification of Value – At the time you purchase your home and when you decide to move, HomePort will perform a valuation and issue to you a Certificate of Value. The valuation will include the amount that has been pre-paid or that is remaining in your account Cash management Account plus the current value of the fiber and wireless network connection to your house; the Network Access Charge (“NAC”). For example, assuming you are going to sell your house at the end of year four, the Certification of Value would show $3,600 remaining for your Telecom Services ($18,000 less 4 years of service at $3,600 per year). The NAC value would be calculated. If the original NAC value was $6,150 The NAC value would have increased in value from, for example, $6,150 to $8,900 (8.45% per year). The Certification of Value would total $12,500 ($3,600 plus $8,900).

Transferring Your Services – When you sell, you have a couple of choices. One, you can transfer your Telecom Services balance to your new home and apply it as a credit for the purchase of another five years of HomePort services. Or, two, you can sell the Telecom Services’ balance and NAC value to the purchaser of your house. You can do this by increasing the sale price of your house by the amount on the Certification of Value and transfer the cash balances and the NAC connectivity to the new purchaser.

Value Retained – You never lose the value of your cash balances and your “Telecom Connectivity” continues to add value to your house!

 
 
© HomePort International, LLC
2005
3883 Mountainside Trail, Evergreen CO 80439
Tel.:303-679-1945, Email: info@homeport.com
Home | Privacy Policy | Help