Real Estate Survival Guide with Terry Story
Business:Investing
Let’s say I’m thinking about selling my home and want to fix it up first, or perhaps I’m just looking to take on a new home improvement project for my own enjoyment, what kind of return on investment can I expect for different projects?
Terry, referencing a study by the Appraisal Institute, says that smaller projects offer the best “cost to value” ratios. Many projects fail to meet the criteria because they’re too expensive—a full kitchen remodeling where you replace all the cabinetry, for example, is both costly and may not even be desirable to prospective buyers. On the other hand, not all expensive improvements are a bad investment. Attic installation, for example, is seen as a good source of ROI, at least in parts of the country where attics are still considered a near essential. But the majority of improvements they suggest are on a smaller scale, though they may have an outsized impact on the design and use of space in a property. Examples given include replacing wooden doors with steel doors, adding manufactured stone veneer, minor kitchen remodels, garage door replacement, and siding replacements.
July 12th - It’s a Seller’s Market for Now, But Things Could “Flip”
July 5th - Increase In Fannie Mae’s Debt To Income Ceiling Should Make Your Next House Easier To Buy
June 28th - Why Are Millennials Buying Homes Rather Than Renting Them?
June 21st - How Will Eliminating The Property Tax Deduction Affect You?
June 15th - It’s Hurricane Season Again! Do You Have The Right Insurance?
June 7th - The Stress Of Moving Is Keeping People At Home
May 31st - Low Housing Inventory Is Frustrating Would Be Buyers
May 24th - Looking For A Retreat? How About Vero Beach?
May 18th - Home Sales And Prices Spring Forward
May 3rd - What To Do When Your HOA Goes Rogue
April 26th - What Do Bankruptcy And Your IRS Refund Have In Common?
April 19th - The Home Affordability Crisis: Are You Being Priced Out Of The Real Estate Market?
April 12th - Worried About Thin Credit? Get Back On The Grid!
April 5th - Real Estate Prices Are Higher Because Of Millennials Buying Homes
March 29th - How To Buy A Home When You Already Own A Home
June 21st - How Will Eliminating The Property Tax Deduction Affect You?
Aug. 9th - Think Outside The Box To Win In Today’s Tight Housing Market
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