Resources | Sell

Home Renovations that Pay Off

Whether selling a home, planning renovations or looking to buy, it’s smart to know which upgrades are worthwhile.

If selling, smart upgrades can be the difference between boosting the sales price a few extra thousand dollars or wasting precious pennies that could go into a new home. When house hunting, being able to spot a hidden gem that just needs some TLC can save you money while also giving you an opportunity to earn equity after closing.

If you’re in the market, here are some ways to get a higher return on your property investment.

1. Front Door Replacement

Replacing a builder grade door with a steel door not only boosts the curb appeal of your home, but also offers financial rewards. A steel door can reduce draftiness and cold spots, saving you money on electricity every month. Depending on the door you choose, it’s possible to also increase your home’s security with multi-point locking and other protection features.

2. Minor Kitchen and Bathroom Remodels

For kitchens and bathrooms that lean towards the “dated” side, a minor makeover is worthwhile. New counters and flooring, stainless steel energy efficient appliances, and a mid-priced sink and faucet can go a long way.

3. Deck Addition

One of the top perks of home ownership is having private outdoor space. Adding a deck is a smart addition to gain extra living square footage. When it comes time to sell, it also helps prospective buyers visualize living in their new space.

4. Landscaping

First impressions are important, and the outside of your home is the first thing a buyer sees. Tasteful landscaping, power washing siding, and fresh paint can all help a house look more inviting.

Whether you’re selling a home or renovating for personal use, consider which improvements are necessary, and which will give you the highest return. Consult a real estate professional to find out what most buyers are looking for, and to see how your home measures up to the rest of the neighborhood.

I’d love to be your resource for all things real estate and would be happy to provide a free price estimate for your current home.

May 25, 2018

Market Data

May 2018 Market Report

If we compare the market this May to the market last May, many of the stats look similar.  About 3,200 homes sold this May and last May. Homes are staying on market the same amount of time as last May, around 45 days. The notable difference is the median price of homes. In the Austin area, the median price of single-family homes was $325,000, a 4.8% increase from last May, and a $9,000 hike from last month.

Inventory of total available homes is just over two months. This is under the ideal amount of homes for sale in a balanced market. Buyers can likely expect rising home prices and higher competition due to the inventory shortage, while sellers can expect to encounter a larger pool of buyers.

May 24, 2018