Thursday
Ways to Improve your Home Value
Kitchen Remodeling: there are home improvement shows dedicated just to the kitchen! The kitchen has become the heart of the home and everyone wants to refurbish or expand theirs. They want natural stone counters, comfortable and easy-to-maintain floors, new cabinets and hardware, and new appliances. Studies have shown that a kitchen remodel usually guarantees the best return on investment and is the best way to improve the value of the house. If it's done right...
Bathroom Renovation: homeowners want to pamper themselves in state-of-the-art master bathrooms. They want space, beautiful appointments, and whirlpool tubs. If there is room for a separate shower and toilet, that's a bonus.
First Impressions: when it comes to increasing home values, every one thinks of the interior first. But your "curb appeal" is what makes the first impression for everyone who comes to your home - whether it's the dreaded mother-in-law visit or your first visitor during an open house. It's important to cut back overgrown bushes and trees, add landscaping and new sod. Take care of it all with a new sprinkler system.
New Replacement Windows: not only are new windows easier to clean but they usually pay for themselves in about 5 years. Your old wood windows that have expanded and contracted endlessly each season are letting out your heat and air conditioning. New windows always add to the value of any home for aesthetic reasons, environmental reasons, and financial reasons. What's not to love?
A New Roof: a new, strong roof tells everyone that this home is protected. It will prevent Mother Nature from wreaking havoc on the rest of the home. The new roof and gutters will push water away from the foundation. The new vents will help regulate temperature inside, saving money on utility bills. And it looks pretty darn good, too.
With an unstable real estate market and rising interest rates, many are choosing to stay put for now and to improve the value of their home. When the time is right to sell again, make sure your home is ready to get you the most bang for your buck!
If you're in the market for any of these renovations, keep ConstructionDeal.com in mind! We'll help you find a local remodeling expert and save you time and money in the process. It's a free service for homeowners -- you simply post your request and wait for Contractors to call you!
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Labels: Curb Appeal, Home Improvement, Improving Home Values
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How much is your home worth? Well, it all depends where you live.
The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time.
Is that disappointing? Of course it is.
Should we sell? Is not a good time.
Should we stick to it? Yes, if you can.
Have we hit bottom? Nobody knows.
Banks are facing their worst foreclosure crisis.
Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.
Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.
The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %
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The real estate market is still shaking. New data suggests that home prices have hit a new record low. In every new study that comes out, homeowners from Miami, to Las Vegas, Phoenix and Los Angeles, have seen their home value go lower every time.
Is that disappointing? Of course it is.
Should we sell? Is not a good time.
Should we stick to it? Yes, if you can.
Have we hit bottom? Nobody knows.
Banks are facing their worst foreclosure crisis.
Don’t take me wrong, it’s good if you are in the market to buy a home for yourself or if you are an investor, but if you are not, and you own a home, most likely the value of your property is down at least 15 %.
Why do banks care if you are loosing your home? By having to sell repossessed homes, banks have to literally slash their prices down. It gets very costly for them, after all, they have to pay property taxes, maintenance costs, and whatever utilities that need to be paid, all of this expenses for a house that it’s just sitting there, vacant, and the bank is getting nothing in return.
The latest study by the S&P/Case-Shiller Home Price Index of 20 cities, revealed the news that for 22 consecutive months home prices dropped. Only from April to May, 2009 the decline was of 0.9 %
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