Whether you are a homeowner looking to get the maximum return on investment, a buyer interested in fair market value or an industry insider grappling with the moving parts of the real estate industry, these are some trends and predictions you should know about. Lower Home Supply Causing Significant Value Growth Indicators point to a U.S. economy that has settled into a nice growth period. Unemployment rates have touched some record lows, wages appear to be on the rise and Millennials are entering high earning and home-buying years. Couple these factors with the fact that last year's tax reform … [Read more...]
How Can I Improve My Home’s Value?
Buyers generally seek the least expensive home in the best neighborhood they can handle. Like the person in the video says, you want to present a home that fits in the neighborhood but doesn't stand out too much. For example, if neighbors are all 4 bedrooms, 3 baths and 3000 square feet additions that make your home 5, 4, and 4000 will make yours harder to sell. Improvements should make it show well and fit well in the neighborhood. Last-minute capital investments in large structural changes arent likely to pay off. But cosmetic upgrades like paint and landscaping help a home show better and … [Read more...]
The ‘Must Have’ List: Why Deciding Your Must-Haves Before Viewing Homes is a Great Idea
Knowing what you want before you start looking is a big help when house-hunting. Giving the list of 'must-have' items to your real estate professional a few days before you begin touring listings is a great idea because they can find homes that meet as many of your criteria as possible. It also helps on a more personal level, since being organized and knowing what you want will help you quickly identify whether or not homes meet those standards. Is it a 'Must-Have' or a 'Nice-to-Have'? The debate between "I need it" and "I want it" is as old as time. Thinking back to childhood, when the desire … [Read more...]
Summer’s Coming: Why Adding a Pool to Your Home Can Drastically Increase Its Value (And Its Fun!)
Value is defined as the importance, worth or usefulness of something; to estimate the monetary worth of something. When the subject is a home, and what adds value to it, then breaking it down into its most common denominator is necessary. A family looking for a home decides that it has enough space, that there is room to expand perhaps, and that the home would be handy for entertaining guests. Adding a pool to the mix greatly improves the form and functionality of a home. Below, we'll explain why there are few home renovations or additions that add more value than a swimming pool. Pay … [Read more...]
How To Attract High-End Buyers For Your Home For Sale
There's at least one good thing about the drop in the dollar and it's boosting the real estate market. Many high-end Europeans are now looking toward the U.S. for a vacation home or permanent residence, and that could mean big hope for your home for sale. However, this also means a different way of selling. Stage A Benefit No open house for high-end buyers. Host an event instead - maybe even a benefit dinner for a worthy charity. Let people come and view the property, but give them an avenue to mix and mingle as well. In addition, they get to see how the house handles a bunch of guests. … [Read more...]