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Remodeling Projects That Recoup The Most Money
Posted by Pam & Joanna | Leave A Comment »
Sometimes Your Best Financial Tools Are The Ones You Use For Remodeling
Recently my time has been spent scouring through various home improvement projects and trying to decide how to best spend the limited available funds to improve the quality and value of our home.
If you have ever ventured into this endeavor, you undoubtedly know how the “I want-itis” can have you spending far more than you ever imagined you would.
I started doing a little research to find out which projects would actually create the most value to my home, and this is what I learned;
REMODELING AVG. JOB AVG. RESALE COST
JOB COSTS VALUE RECOUPED
Minor Kitchen $15,328 $17,209 112.3%
Bathroom $11,025 $12,340 111.9%
Attic Bedroom $41,244 $43,357 105.1%
Replace Windows $10,007 $10,282 102.7%
Major Kitchen $45,242 $45,343 100.2%
Deck Addition $11,873 $11,814 99.5%
Roofing $11,557 $10,769 93.2%
Bathroom Addition $24,560 $22,481 91.5%
Siding Replacement $8,229 $7,510 91.3%
Family Rm Addition $58,081 $52,820 90.9%
Master Bedroom $77,640 $69,425 89.4%
Home Office $13,738 $11,395 82.9%
As you can see, not all projects render the same return on your investment. Some projects may be necessary such as a roof replacement. Even though this project won’t necessarily add value to the home, it will help you sell your house faster, and your home won’t be positioned as a “fixer” which inevitably welcomes low ball offers.
On the other hand choosing to do a minor kitchen remodel rather than a major one, can actually yield a 
higher return on your overall investment.
So before you go knocking down walls or digging up your backyard, make sure you decide which remodeling project will best fit your lifestyle needs, along with your financial goals.
Popularity: unranked [?]
Related Posts: Uncategorized
Foreclosures In My Neighborhood - How Do They Affect My Value?
Posted by Paul Gonzales | Leave A Comment »
Foreclosed properties and “short sales” are certainly in the news today. We are all aware that they exist in every community right now including our own neighborhoods. Properties that have been taken back by a bank or lender and held on their books are known as “real estate owned” or REOs. For both regulatory and business reasons they must work to sell them as soon as they can and get the REOs off their ledgers. So-called short sales are where the private owner and the lender agree to sell the property for less than what is owed. In our current markets, this need to liquidate properties often forces the lender to sell at a loss. As seen in recent sales figures for many areas, this practice has at least the potential to drive market prices lower in some areas.
OK - So how can the sale of a nearby foreclosure or short-sale affect me?
Any individual home sale in the area is only one statistic, not the entire local market. In fact, a common misperception is that the lowest recent home sale “sets the price” for similar properties around it. Not so. Understanding just a couple of basics about how a professional appraiser determines value can illustrate the impact that recent nearby sales have on your home’s value.
Appraisers are required to identify recent sales of properties that are similar and near in proximity to the home being appraised; these other sales are called comparable sales, or “comps“. There are extensive rules and formulas that they use to accomplish all that but those are the general criteria that they seek. After adjusting the sales prices for considerations such as age, size, amenities, quality and condition (among many other issues) the appraiser then has a finely-tuned range of prices that he or she will use to determine the value of the subject property being appraised. While not impossible, it is rare that the final value ascertained will be equal to the lowest comparable sales price (REO, short-sale or otherwise). Most commonly, the final value will be somewhere within the range of prices analyzed.
Which brings us back to the topic of the sale of a nearby REO or “short“. If the lowest sales price in the pool of comps used by the appraiser is an REO and is also significantly lower than the rest of the comps in the pool, the appraiser has the latitude to comment on that aspect. Depending upon how solid the remaining sales comps are, the REO or short-sale could have only a minimal impact on the value of the subject property. It may thus represent only the low end of the value range for that particular market.
On the other hand, if the majority of recent comps happen to consist of REOs and/or short sales, then they may well define that local market and collectively have a significant impact on the value of the subject property.
In the final analysis, the value of your property is determined by your local market and is usually defined by recent multiple sales. Regardless of whether comparable sales are private sales, short sales or REOs, the market “is what it is” at that point in time. What’s most important to remember is that for the vast majority of markets, value is not defined by any one single sales transaction!
contact Paul at (800) 775-7334 or at paulforoans@aol.com
Popularity: unranked [?]
Related Posts: CW Mortgage, Foreclosures, Home Loans, Homeowners, Interest Rates, Mortgage News, Short Sales, financial news
More Money$$$ Who wouldn’t Want More$$$
Posted by Ron Brownell | Leave A Comment »
Who wouldn’t want to have MORE MONEY? MORE TIME to spend it and more time to DO WHAT YOU REALLY WANT to do? Sounds like a dumb question? EVERYONE has the ability to achieve all the above.
This article from Brian Tracy really hit home with me and hits the mark when it comes to using your time wisely. I hope it does as well with you.
“It’s really not the money that makes you happy! It’s what having money allows you to do.” You may want to spend more time with your family, attend more of your kid’s events or work more with your favorite charitable organization. It’s really up to you to decide.
Boost Your Productivity
By: Brian Tracy
Push to the Top
All successful people are very productive. They work longer hours and they work better hours. They get a lot more done than the average person. They get paid more and promoted faster. They are highly respected and esteemed by everyone around them. They become leaders and role models. Inevitably, they rise to the top of their fields and to the top of their income ranges, and so can you.
Everything is Learnable
Every single one of these tested and proven strategies for managing your time and doubling your productivity is learnable through practice and repetition. Each of these methods will eventually become a habit of both thinking and working.
The Payoff is Remarkable
When you begin applying these techniques to your work and to your life, your self-esteem, self-confidence, self-respect and sense of personal pride will go up immediately. The pay off for you will be tremendous, for the rest of your life.
Make A Decision!
Every positive change in your life begins with a clear, unequivocal decision that you are going to either do something or stop doing something. Significant change starts when you decide to either get in or get out, either fish or cut bait.
The Vital Quality of Success
Decisiveness is one of the most important qualities of successful and happy men and women, and decisiveness is developed through practice and repetition, over and over again until it becomes as natural to you as breathing in and breathing out.
Why People Are Poor
The sad fact is that people are poor because they have not yet decided to be rich. People are overweight and unfit because they have not yet decided to be thin and fit. People are inefficient time wasters because they haven’t yet decided to be highly productive in everything they do.
Become An Expert
Decide today that you are going to become an expert in time management and personal productivity, no matter how long it takes or how much you invest in it. Resolve today that you are going to practice these principles, over and over again until they become second nature.
Action Exercises
Here are two steps you can take immediately to put these ideas into action.
First, hold your own feet to the fire. Resolve to start earlier, work harder and stay later. Don’t let yourself off the hook.
Second, become an expert in time management. Learn and practice time management techniques every day until they become habits.
Now, make it your heart’s desire to become the person you really want to become and don’t let anything stand in your way.
Popularity: unranked [?]
Related Posts: Education, Escondido, Home Improvement, Picture Perfect San Diego, Training, Windermere Agents, Windermere Managers
Encinitas Fire Safety Expo October 4th
Posted by Kevin Kueneke | Leave A Comment »
According to the National Fire Protection Association, the majority of home fires (40%) start in the kitchen. Of these fires, one-third are the result of unattended cooking. 
Extension cord fires outnumbered fires beginning with attached or unattached power cords by more than two to one.
And, in one out of every five homes equipped with at least one smoke alarm installed, not a single one was working.
Fortunately for us, the Encinitas Fire Department is holding a Fire Safety Expo on Saturday, October 4, from 10am to 2pm. The event will be held at the Moonlight Beach parking lot and is part of National Fire Prevention Week.
Activities include an interactive safety demonstration in a Fire Safety House, Jaws of Life demonstration, a helicopter display, fire extinguisher demonstrations, and a “Little Fire Truck” for children.
Kerri Berberet with the City of Encinitas verified that the helicopter, which might be one of the very large firefighting ones, is scheduled to land at 10am. The Jaws of Life are actually going to cut a car in half at 1pm.
I spoke with fireman Tyson Gargas and paramedic Nick Conniry of Encinitas Fire Station #1, and they agreed that this will be a great opportunity for area residents to learn more about fire prevention. See you there!
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Related Posts: Activities & Events, Area Information, Encinitas, Homeowners
