Monday, January 18, 2016

Remodeling Projects with the Biggest Return

Home improvements can increase home value and make your house feel like a home but they are not all created equal. Learn which remodeling projects will work for you when it comes time to sell.

The Top Three

Replace Your Front Door
The top home improvement, replacing your entry door with an updated, steel exterior door costs only $1,366 but recoups 123% of the cost.

Garage Door Replacement
Another exterior upgrade that offers significant ROI, replacing your garage door runs about $1,756 and offers 110% resale value.

Wood Deck Addition
A much more significant cost outlay at $11,685, adding a wood deck addition provides desirable outdoor living space and recoups 101% of the cost.

Other home improvements that have a respectable return include window replacements (wood) with a 95% ROI, vinyl window replacements at 90.5% return, creating an attic bedroom, which recovers almost 92% of the $60,675 cost and a mid-range bathroom remodel that has an ROI of about 86% of its $19,436 cost.

If you're considering home improvements that are quick, fairly easy and low cost, replacing your front and garage doors give the most bang for your buck. Many other improvements may not offer the same return on investment but can add an increased level of pleasure and enhanced lifestyle while living in your home.

If you have a need for a real estate professional, please contact me. I would also appreciate your vote of confidence by passing my name to anyone you may know who would benefit from my services.
 

                      408.687.2026 |  Julie@JulieWyss.com | www.JulieWyss.com

Monday, January 4, 2016

Getting the Best Value for Your Home

A strategic sales plan, coupled with a smart buy in your new location will ensure that you recoup the maximum value for your home.

Plan Strategically
Consult with a local real estate agent to ensure your house is priced competitively and shows its best. There are three key factors to getting a home sold—location, price, and condition and only two are under your control: price and condition. Of the two, price is more significant. Remember that if a home is priced properly, it will compensate for poor condition, but whatever the condition, it will never overcome a incorrectly priced home.

The best price you’ll get in today’s market is the one you get now. Don’t worry about where the market has been, keep your focus on where it is going. The price your neighbor down the street got six months ago is not relevant in a market where your house is competing with others from all across town. A local, knowledgable real estate agent will be able to help you decide how to pinpoint your price with precision.

Buy Smart
Whether you are moving to an area where prices are in a downturn or have plans to move up to a nicer home in the same town, selling your house now can get you into the home of your dreams. Whether home prices are on the rise or on the decline, either presents a great opportunity for a savvy homeowner looking to move up. Even if your house price may be lower, the loss at sale can be made up by greater savings at purchase because generally, if home prices are declining, that tends to occur across the board.

By teaming with an experienced local agent who knows how to work with the current market and who can assist in showcasing your home, you'll will get the most from the sale of your home.

If you have a need for a real estate professional, please contact me. I would also appreciate your vote of confidence by passing my name to anyone you may know who would benefit from my services.


                      408.687.2026 |  Julie@JulieWyss.com | www.JulieWyss.com