Answers - Real Estate

A home that has been updated with new appliances, fixtures, cabinets and countertops will have an increased value over the same home without the u

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

pgrade. The question to be examined, however, is how much of an increased value? If you don't get the money you put into the upgrade back, it is c

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

rtainly not worth it. Even if you break even, it is probably not worth the trouble. So how do you know if you will get more out of an upgrade than

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

you put in?

The easiest answer to this question is to ask your real estate agent what he or she thinks. Your real estate agent will have experie

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

ce in local market trends and the effects various upgrades have on final sale price.

However, here are some general guidelines, to assist you as

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

ou ponder the dilemma.

Generally speaking, if a home is 20 years old or younger, it does not make financial sense to redo your kitchen. If you sp

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

end $20,000.00 on kitchen and appliance improvements, you may only make a portion of that back in increased value, or at best break even. However,

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

if the loss is nominal, it might make sense to you if you need to sell quickly. Modern appliances and kitchen fixtures will decrease the time a ho

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

e is on the market. If it is important to you that the sale be completed as quickly as possible, and you don't mind taking a bit of a loss in the

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

process, an upgrade may be in your best interest.

The argument in favor of upgrading is much stronger with older homes containing outdated or ant

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

quated appliances and decor. The effect of an outdated kitchen can dramatically reduce the selling price of a property when compared to what it mi

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ht otherwise command. In such a case, a major upgrade will almost certainly be worth every penny you put into it, not to mention accelerating the

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

time it takes to sell the home. Not only could you expect to recover all of the money you put into the upgrade, you will likely make a profit on t

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

e sale in the form of a value increase greater than the amount expended on the upgrade.

Low cost, cosmetic upgrades, however, may be worth the co

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

t even in newer homes. Replacing countertops, painting cabinets, and the like will make your home more "showable", and the nominal amount of money

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

spent on the project can usually be recouped. However, be sure to avoid unecessary expenditures for which there is little or no hope of recoverin

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

your costs. An example would be the replacement of an older yet functional garbage disposal with a newer, more powerful one. This type of an expe

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

diture will do absolutely nothing to increase your home's value.

Remember, if it isn't broken, don't fix it!

About the Author:

Catherine Nguyen

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

was born and raised in Dallas, Texas and is a licensed real estate agent. Ms. Nguyen specializes in Dallas real estateand has a career with Renow

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

ed Realty Group – Dallas/Ft. Worth RE/MAX. For more information, please visit www.dallasrr.com

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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