Tag: home value

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Home Insights Home Owning Tips Home Selling Tips Newsletter Featurettes

3 Home Improvement Projects with Great Return on Investment

Looking for a home improvement project that will provide a high return-on-investment at resale? What about one that won’t need a small loan to accomplish?  A national Cost vs. Value Report recently evaluated projects across our area in order to come up with the ones that have the most bang for your buck.

 

Three of the projects they outlined cost less than $1,500 but have returns on investment of 73 to 129 percent.
Here are the short project descriptions and cost breakouts.

Attic insulation with fiberglass

Whether you use your attic as a storage space or are thinking of repurposing it as a living area, it’s critical that the area is insulated. By sealing off your attic with fiberglass insulation, you’ll spend an average of $1,300 and you could recoup $1,470 upon resale.  That’s right, you should theoretically make money by insulating your attic. Additionally, you should see a drop in your heating and cooling bills once your attic is insulated. When it comes to your return on investment, attic insulation is one of the top-returning home improvement projects you can take on.

 

Garage door replacement

Whether your garage door has had an unfortunate run-in with your mini-van or it’s simply dingy after too many Central Kentucky winters, the time has likely come for it to be replaced. With a cost of just $1,650 on average and a 73 percent return on investment, you won’t lose much money on this project whether you sell this spring or in a few years.

 

Entry door replacement

There’s a reason front doors are often used on homeowner magazines, movie posters and book covers — they’re eye-catching and draw in attention. This is especially true when it comes to buying a new home. Most staging and home seller tips recommend that sellers purchase a new front door or paint their current front door so it’s bright and inviting. Whether a buyer is looking online or driving by in person, a bright front door will capture their interest.

 

The Cost vs. Value Report verifies that this isn’t just a great trick for drawing buyer attention, it can also pay off at closing. Across our area, this project should cost $1,380 and could recoup $1,775 — a return on investment of 129 percent!

 

 

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What’s Your Home Worth Now?

Have You Been Wondering…
    …What’s My Home Worth Now?

Some national websites may offer you a single estimate of value, but only RectorHayden.com provides THREE valuation estimates – within seconds! 
Visit RectorHayden.com to see what the three leading national valuation programs say about your home!   

Rector Hayden REALTORS® is proud to be the first local real estate company in Central KY to provide you
with an easy-to-use home value estimate tool
ONLINE, FREE, NO SIGN-UP Required!

 

We know consumers want to know the value of their home.  Many national sites provide estimates now up front on property detail pages, but what you may not realize is that those national estimates don’t have all the data!  Many consumers put a lot of faith in one value they find online without realizing a property could be worth much more due to local factors, interior updates, and other information that national companies just can’t account for.

 

We’ve bridged that gap in information by providing you with the Home Value Estimate tool like no other!  The Rector Hayden Home Value Estimate report shows you THREE different estimates ( like a credit report ) and gives you the option to edit details to see how it effects the value of your home.  We provide consumers with the Zillow Zestimate (TM), the National Association of Realtors® Real Property Resource Estimate, and then our very own Rector Hayden Public Record estimate provided by Collateral Analytics.  These three numbers can then help you as a seller or buyer make a more informed decision about the value of a property.

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This tool is simple and mobile friendly!  Go to www.rhr.com and on the homepage, just enter in ANY residential property address – nationwide – and immediately pull up a valuation report.  Or, as you browse through listings on www.RectorHayden.com you can click on the Valuation tab to see the estimates.

 

But, REMEMBER – the BEST ESTIMATE of your home’s value can only come from a professional licensed LOCAL REALTOR doing a comparative market analysis.  All 250+ of our agents are trained in evaluating your home – inside and out – and comparing it with other local data and trends to price it at the best value.  Many of our agents are more than happy to provide this service to you with no hassle!

 

So go ahead – Check out your home – then give us a call to have one of our agents give you the BEST ESTIMATE of your home’s current market value! We’re here to help you!

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Or visit: www.rhr.com/homevalues

 

Categories
Home Insights Home Owning Tips Home Selling Tips Newsletter Featurettes

3 Home Improvement Projects with Great Return on Investment

Looking for a home improvement project that will provide a high return-on-investment at resale? What about one that won’t need a small loan to accomplish?  A national Cost vs. Value Report recently evaluated projects across our area in order to come up with the ones that have the most bang for your buck.

 

Three of the projects they outlined cost less than $1,500 but have returns on investment of 73 to 129 percent.
Here are the short project descriptions and cost breakouts.

Attic insulation with fiberglass

Whether you use your attic as a storage space or are thinking of repurposing it as a living area, it’s critical that the area is insulated. By sealing off your attic with fiberglass insulation, you’ll spend an average of $1,300 and you could recoup $1,470 upon resale.  That’s right, you should theoretically make money by insulating your attic. Additionally, you should see a drop in your heating and cooling bills once your attic is insulated. When it comes to your return on investment, attic insulation is one of the top-returning home improvement projects you can take on.

 

Garage door replacement

Whether your garage door has had an unfortunate run-in with your mini-van or it’s simply dingy after too many Central Kentucky winters, the time has likely come for it to be replaced. With a cost of just $1,650 on average and a 73 percent return on investment, you won’t lose much money on this project whether you sell this spring or in a few years.

 

Entry door replacement

There’s a reason front doors are often used on homeowner magazines, movie posters and book covers — they’re eye-catching and draw in attention. This is especially true when it comes to buying a new home. Most staging and home seller tips recommend that sellers purchase a new front door or paint their current front door so it’s bright and inviting. Whether a buyer is looking online or driving by in person, a bright front door will capture their interest.

 

The Cost vs. Value Report verifies that this isn’t just a great trick for drawing buyer attention, it can also pay off at closing. Across our area, this project should cost $1,380 and could recoup $1,775 — a return on investment of 129 percent!

 

 

Categories
Home Insights Home Owning Tips Home Selling Tips Newsletter Featurettes

3 Home Improvement Projects with Great Return on Investment

Looking for a home improvement project that will provide a high return-on-investment at resale? What about one that won’t need a small loan to accomplish?  A national Cost vs. Value Report recently evaluated projects across our area in order to come up with the ones that have the most bang for your buck.

 

Three of the projects they outlined cost less than $1,500 but have returns on investment of 73 to 129 percent.
Here are the short project descriptions and cost breakouts.

Attic insulation with fiberglass

Whether you use your attic as a storage space or are thinking of repurposing it as a living area, it’s critical that the area is insulated. By sealing off your attic with fiberglass insulation, you’ll spend an average of $1,300 and you could recoup $1,470 upon resale.  That’s right, you should theoretically make money by insulating your attic. Additionally, you should see a drop in your heating and cooling bills once your attic is insulated. When it comes to your return on investment, attic insulation is one of the top-returning home improvement projects you can take on.

 

Garage door replacement

Whether your garage door has had an unfortunate run-in with your mini-van or it’s simply dingy after too many Central Kentucky winters, the time has likely come for it to be replaced. With a cost of just $1,650 on average and a 73 percent return on investment, you won’t lose much money on this project whether you sell this spring or in a few years.

 

Entry door replacement

There’s a reason front doors are often used on homeowner magazines, movie posters and book covers — they’re eye-catching and draw in attention. This is especially true when it comes to buying a new home. Most staging and home seller tips recommend that sellers purchase a new front door or paint their current front door so it’s bright and inviting. Whether a buyer is looking online or driving by in person, a bright front door will capture their interest.

 

The Cost vs. Value Report verifies that this isn’t just a great trick for drawing buyer attention, it can also pay off at closing. Across our area, this project should cost $1,380 and could recoup $1,775 — a return on investment of 129 percent!

 

Categories
Home Insights Home Selling Tips Uncategorized

Remodel Project? Focus on the Kitchen

Thinking of Selling? Don’t Overlook an Outdated Kitchen, Buyers Won’t

Remodeling Your Kitchen
If you are planning on listing your home for sale, make sure that you don’t overlook the condition of your kitchen. A recent article on realtor.com listed “7 Signs Your Kitchen Is Way Overdue for a Renovation,” in which they warned:

“Dated kitchens—just like bathrooms—are a major barrier for resale. Buyers want modern amenities and styling, and most aren’t interested in renovating post-purchase.”

 
Kitchen remodels can be pricey, with many complete remodels costing $20,000 or more. But not every kitchen needs a full remodel. There are many smaller projects that will help buyers see themselves trying their favorite Pinterest recipe in your home!

Here are a couple of project ideas that, if you’re handy or know someone who is, could end up boosting your home’s value without breaking the bank:

  • Are the cabinets in good shape but need an update? A new coat of paint and some updated hardware will instantly freshen up the space and drastically change the feel of the room all for under $300.
  • A new backsplash to match the freshly painted cabinets updates the space and adds some style while staying under $200, depending on the size of the room.
  • If the kitchen seems dark, consider adding LED under cabinet lighting for around $40.
  • If replacing the countertops in the kitchen isn’t within your budget, consider using a top coat to cover the current countertops.

If you decide to complete a full remodel of your outdated kitchen, you can expect a 67% return on a $30,000 upgrade (the national median cost). The benefits of a kitchen remodel aren’t purely financial, according to Houselogic:

“Eighty-two percent of homeowners said their updated kitchen gave them a greater desire to be at home, and 95% were happy or satisfied with the result.”

Bottom Line

Kitchens and bathrooms are often make or break for buyers when touring a home or searching through photo galleries online. 

 

posted from Keeping Current Matters – November 23, 2016

Categories
Home Insights Home Owning Tips Home Selling Tips Newsletter Featurettes

What’s Your Home’s Market Value?

The BEST way to pinpoint your home’s market value is to consult with your Rector Hayden Agent.

But whether you’re thinking of selling or just curious, check out what the national public/private databases say is your home’s market value by going to www.RectorHayden.com!

You can look for your home's market value using our estimation tool! It can search for any residential address in the country!

By simply entering your address in the “Estimate Your Home’s Market Value” box on our homepage, you’ll instantly get a comprehensive report showing the estimated valuations of your home from 3 top providers – Zillow, RPR and Collateral Analytics.

This screenshot of the report shows you that the value of a home can vary and it's beneficial to look at your home's market value from three different sources to get an idea of what it can sell for!

These estimated values are based on large public and private databases like PVA/tax records and MLS listing data, and are simply intended to provide a sample range of what your home may sell for.

It’s interesting to see what these national database aggregators indicate for the value of your home — but again, to accurately pinpoint your home’s TOP DOLLAR value in our current market, you’ll need to consult with a local specialist….your Rector Hayden Agent!

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