Remodeling Magazine and the National Association of REALTORS (NAR) recently released their report comparing remodeling cost vs. value. The results vary depending on multiple factors including: region, quality of work, value of homes in your neighborhood, and when you plan to sell your home in relation to the completion of the project.
According to the overall findings, to boost the value of your home, start by upgrading the exterior. Replace your front door with a steel or fiberglass entry door to add curb appeal and value. Give your home a facelift and dramatically improve your facade by upgrading your existing siding. New garage doors will enhance your home aesthetically and functionally. The report also mentions that new windows save owners in energy costs and often add to resale value. When possible, the addition of a wood deck to outdoor living space is definitely a sought after amenity by potential buyers.
As for interior remodels, convert unused space into living areas. Finish the basement or convert the attic to a bedroom. Also, minor kitchen updates such as counter, cabinet, floor and sink upgrades are always big selling points.
To learn more from our trained team of professionals who could give you even more intelligent ideas on how to make the most of your remodeling budget.Give us a call today at 626-358-1858 or 626-962-7621.
News, Photos & Up-Comming Events of the CENTURY 21 Adams & Barnes Sales & Marketing Team
Showing posts with label Neighborhood. Show all posts
Showing posts with label Neighborhood. Show all posts
Monday, February 11, 2013
Monday, June 18, 2012
Avoid these common mistakes when buying a home
Home buying can be a frustrating experience, but choosing a competent real estate agent to guide you through the
process will likely save you time and money. Here are some tips to avoid costly mistakes.
- Get pre-approved BEFORE you start your home search. Pre-approval will give you a realistic price point when viewing potential homes and puts you in a better position to make a serious offer.
- Research the neighborhood. Learn about crime statistics, schools and amenities within your potential town.
- Look beyond the décor. Focus on the structure itself, square footage and layout. Look beyond the taste of the current homeowner, and remember you are buying the actual house.
- Never skip the inspection. Your home is likely the biggest investment you will ever make, a home inspection is necessary to ensure it is a sound structure or at the very least, make you aware of any defects.
- Give yourself an out. Make sure there are contingencies (such as financing or inspection) in the contract so you can back out of the deal and recoup your deposit.
- Don’t buy the most expensive house on the block. The lower home values around your property will negatively affect your property's value.
- Keep resale value in mind. It may be difficult to envision selling a home that you have yet to live in, but remember to consider long-term property value, location and overall mass appeal, when viewing a potential home.
And remember to call our offices today so that one of our knowledgeable sales professionals can help guide you through your home buying experience.
Labels:
Costly Mistakes,
Inspection,
Neighborhood,
Pre-Approved
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