Is there is really a pot of gold at the end of the rainbow for homeowners who find themselves in a tight market? Will there be a chance to find good prospects for our real property investment in a buyer's market? As we continue to grapple with the reality of increasing home foreclosures, we are also looking at a record number of single detached home units that are being offered for sale under different circumstances.
We are looking at an extended glut in the real estate market, and combined with the rigid regime in the financing sector, the end result is a 5.
7% drop in the market value of the average home.
Even if you don't have any plans of selling your home or going for an upgrade in the short term, there is still a valid reason for you to be concerned about the continued drop in home prices.
A fair estimate of the actual value of your home is a must if you are assessing your property tax and homeowners insurance.
This is also an important requirement if you are planning your estate.
Proper assessment of the current value of your home is also an important aspect of any remodeling project that you might implement.
Home value assessment should be a logical first step when it comes to strategic decisions and actions that are related to your home.
Adding value to your home When considering your probable value boosters for your home, it is important for you to remember that you don't go overboard on whatever you are planning to implement.
This is not the time to take on the fast lane and proper discretion must be observed whenever you make your preparations and plans for your home remodeling project.
This is especially so if you are planning to borrow funds to support your project.
Credit card debts and expensive remodeling projects don't make a perfect mix under the present condition in the real estate market and the economy as a whole.
Instead, carefully assess the remodeling options that offer the best value for the money you intend to spend.
There are 3 critical variables that you need to include in the home remodeling equation to ensure that you gain the highest financial returns.
•Go toe to toe with the Joneses Keep with the current trends in your community and maintain your individuality.
In order to gain the best value for your home, you must shed off the me-too mentality.
You don't have to have the nicest or biggest property in your neighborhood to win pole position.
Instead, work on a premium element that can make your home stand out from the rest of homes in your community.
•Take the Green Path Adding energy-efficient and power saving elements in your home will definitely rack up its market value.
On top of these, you will also gain financial benefits in terms of lower energy consumptions.
These are the features that will serve as clinchers if and when you finally decide to sell your home.
•Undertake a thorough house cleaning This will involve weather stripping of the entryways, repairing the damaged façade or fixing a loose floorboard.
These tasks may seem to be trivial for most homeowners.
However, you will be surprised at how these insignificant touch-up jobs can make you clinch a good deal from a serious home buyer.
In most cases, home buyers would demand for a $2-cutback from the asking price for every dollar worth of damage found during the home inspection.
Thus, it is important that you seriously consider the financial impact and start working on the issues before your put your home on the selling block.
We are looking at an extended glut in the real estate market, and combined with the rigid regime in the financing sector, the end result is a 5.
7% drop in the market value of the average home.
Even if you don't have any plans of selling your home or going for an upgrade in the short term, there is still a valid reason for you to be concerned about the continued drop in home prices.
A fair estimate of the actual value of your home is a must if you are assessing your property tax and homeowners insurance.
This is also an important requirement if you are planning your estate.
Proper assessment of the current value of your home is also an important aspect of any remodeling project that you might implement.
Home value assessment should be a logical first step when it comes to strategic decisions and actions that are related to your home.
Adding value to your home When considering your probable value boosters for your home, it is important for you to remember that you don't go overboard on whatever you are planning to implement.
This is not the time to take on the fast lane and proper discretion must be observed whenever you make your preparations and plans for your home remodeling project.
This is especially so if you are planning to borrow funds to support your project.
Credit card debts and expensive remodeling projects don't make a perfect mix under the present condition in the real estate market and the economy as a whole.
Instead, carefully assess the remodeling options that offer the best value for the money you intend to spend.
There are 3 critical variables that you need to include in the home remodeling equation to ensure that you gain the highest financial returns.
•Go toe to toe with the Joneses Keep with the current trends in your community and maintain your individuality.
In order to gain the best value for your home, you must shed off the me-too mentality.
You don't have to have the nicest or biggest property in your neighborhood to win pole position.
Instead, work on a premium element that can make your home stand out from the rest of homes in your community.
•Take the Green Path Adding energy-efficient and power saving elements in your home will definitely rack up its market value.
On top of these, you will also gain financial benefits in terms of lower energy consumptions.
These are the features that will serve as clinchers if and when you finally decide to sell your home.
•Undertake a thorough house cleaning This will involve weather stripping of the entryways, repairing the damaged façade or fixing a loose floorboard.
These tasks may seem to be trivial for most homeowners.
However, you will be surprised at how these insignificant touch-up jobs can make you clinch a good deal from a serious home buyer.
In most cases, home buyers would demand for a $2-cutback from the asking price for every dollar worth of damage found during the home inspection.
Thus, it is important that you seriously consider the financial impact and start working on the issues before your put your home on the selling block.
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