Exclusive Steamboat Properties

Archive for the 'Sellers Only' Category

The Smartest Home Improvement Investments

This year, some of the smartest home improvement investments are also the least expensive for homeowners. The National Association of Realtors, NAR, has posted the results of the 2009 Remodeling Cost vs. Value Report and they show small-scale exterior projects not only enhance curb appeal, but are the most profitable at resale.

On a national level, 80 percent of projects were exterior replacements that cost less than $14,000. Steel door replacements, midrange and upscale siding and window replacements, as well as wood deck additions are some of the most profitable projects.

2009-2010 Remodeling projects that are most profitable
Below are the top ten projects in the Mountain region that recouped the most value at resale. The chart shows the average cost of the project and how much it recouped. More projects and information can be found at:  www.Remodeling.HW.net.

Project                                      Cost of Job               Resale Value             Cost Recouped

Entry Door Replacement (steel)     $1,138                  $1,265                       111.2%

Siding Replacement (vinyl)              $10,284                $8,222                        79.9%

Window Replacement (wood)         $11,156                  $8,888                       79.7%

Deck Addition (wood)                       $10,608                 $8,395                      79.1%

Window Replacement (vinyl)          $10,239                 $8,006                        78.2%

Basement Remodel                         $58,743                 $45,170                     76.9%  

Minor Kitchen Remodel                   $20,805                $15,944                     76.6%

Attic Bedroom                                $46,239                $34,902                     75.5%

Major Kitchen Remodel                $55,336                 $40,382                     73.0%

Roofing Replacement                   $17,727                 $12,531                     70.7%

  

 

Source: Remodeling Cost vs. Value Report 2009-10.

Top Home Showing Tips for Sellers

Needless to say when your property is on the market it is extremely difficult to live a normal life.  Consequently when you make that decision to sell, make sure that you view your home in the eyes of the Buyer.  Hopefully you will be moving soon, so get packing.  It must look like an unlived in Model home.  Remove all family photos, clear fridge of magnets and box up most of your accessories.  Clean closets, cabinets, drawers and storage areas. If you have to rent a storage unit, now is the time. This will make it easier when “it’s show time” to get your property ready.
This is the big moment! Your real estate agent has just called to make an appointment to show your home to a prospective buyer. Here’s some top home showing tips that will really impress the buyer and increase your odds of getting an offer. Read the rest of this entry »

Remodeling Return on Investment

The link below is to the cost vs value, 2008-2009 report website of Remodeling magazine.  You will never truly recoup your home improvement return on investment at 100 percent.   However, there are certain upgrades and remodeling projects which hold value longer, attract a buyer’s eye more quickly and, most importantly, add a sense of pride and pleasure while you continue to live in the home.  Below are some highlights of the report. Don’t hesitate to call me if you have any questions.

Improvement	Project Cost	Value at Resale	Rate of Return
Bathroom Remodel	$12,918	$10,970	84.9 percent
Home Office	$20,057	$12,707	63.4 percent
Kitchen Remodel (minor)	$17,928	$15,278	85.2 percent
Kitchen Remodel (major)	$54,241	$43,630	80.4 percent
Roofing	$14,276	$10,553	73.9 percent
Sunroom Addition	$49,551	$32,854	66.3 percent
Window Replacement (vinyl)	$10,160	$8,500	83.7 percent

http://www.remodeling.hw.net/2008/costvsvalue/division/mountain.aspx

Real Estate Corner…

Q.  Could You Give Me A Few Tips For Selling My Home Fast and For Top Dollar?

 A.  If you’re thinking of selling your home, how you “position” it can mean the difference between getting a fast, top dollar sale, and having it sit on the market for a long time.  If you’re thinking of selling soon, you must call and get my Free report, “44 Money-Making Tips For Preparing Your Home To Sell.”  Just call directly at 970-846-9967.  Here are a few quick pointers… Read the rest of this entry »