Tips for Buyers and Sellers
While the internet has provided buyers and sellers with an abundance of information, the wealth of that information can be overwhelming. We’re here to cut to the chase and whittle it down into manageable pieces.
As a buyer beginning your home buying search, there are some basic criteria to help narrow the search. Use the list below to rank your 10 most important priorities and let the search begin!
Type of Housing: Detached, Townhouse, or Condo
Age of Property
Price
Number of Bedrooms/Bathrooms
Condition
Renovated kitchen & baths or home with sweat equity potential
Location, Proximity to Metro
Home Office
Commuting distance to the workplace
Neighborhood
Schools
Basement
Utilities (gas vs. electric)
Garage
Yard, Lot Size, Topography
If you’ve managed to nail down the winning bid in this current real estate environment, you might be thinking “what’s next?” Here are some tips for home improvements that generally get you the biggest Return on Investment (ROI). Not only do certain improvements increase your home’s value, but they also can increase its functionality and livability.
The National Association of Realtors in conjunction with the National Association of the Remodeling Industry recently conducted a study with some interesting findings. While kitchen and bathroom remodel can return 75% of their costs, there are other improvements that return the total cost and more. Refinishing hardwood floors recovered 147% of their cost and upgrading your home’s insulation (increasing the R-value) returned 100% of the cost.
Roof and garage door replacements also recoup all of their cost. A basement conversion into living space returns about 86% of the project cost. This is slightly higher than the return on a kitchen or bath remodel. The cost of all remodeling is dependent on design, quality of materials, location, age of home, etc.
Whether you are buying a home in need of some upgrades or looking for advice before selling, the Patera Properties team is here to help!
