We all want to make money on real estate so we can play more polo right? Well existing home sales are on the rise! The uptrend in existing-home sales continues, with January sales rising for the third consecutive month with a pace that is now above year-ago levels. A big factor is the extremely favorable housing affordability conditions, but buyers have been constrained by unnecessarily tight credit. So we are seeing 27 percent of deals are all cash nationally and as much as 60 percent of closed transactions are all cash locally. Home sale prices are not what they used to be however if you price your home aggressively it will sell. Price is king but if you are thinking of updating and staying for a bit, see below for a few tips to increase the value of your home!
Increase home’s value
1. An updated kitchen
2. Modern bathrooms
3. A well-appointed master suite
4. Natural materials
5. Curb appeal
6. A light, airy spacious feel
7. Good windows
8. Landscaping
9. Lots of storage
10. Basement
Decrease home’s value
1. A pool
2. No garage or small garage
3. Garbled floor plan
4. Outmoded appliances or systems
5. Stale or overly personal decor
6. A bad roof
7. Bad location
8. Poor maintenance
9. Environmental hazards
10. A long list of needed home improvements