Adding Value
Which items will add value to your home and help with resale when the time comes to sell?
This is an ever changing answer, and you should reach out to a realtor when you are considering remodeling for yourself or prepping to sell. The past few years has changed a lot and homes have been at the center of massive change and re-evaluation. As a general rule, choosing the functional over the merely cosmetic and choosing neutral over unusual will pay at resale.
Which updates will add the most value to your home?
- Updates that add space or square footage to your home. A home office, finishing your basement, add an extra bathroom, add more closet space
- Update your kitchen and/or bathrooms. Whether you need a minor or major remodel, updating the kitchen or bathrooms in your home will yield a high return on investment.
- Upgrade your outdoor space. Add a deck or patio, or even a small project with a great return is an outdoor fireplace.
- Lighten and brighten your rooms. Paint rooms white or with a light color paint to neutralize your space. Add skylights, windows, or French doors.
- Swap old light fixtures for new and instantly upgrade an entire room.
Recent headlines have pointed to a decline in pending home sales, raising questions about the possibility of a market correction. However, before we jump to conclusions, it’s crucial to understand the dynamics at play. In this blog post, we’ll delve into the current state of pending home sales and whether it signals an imminent market…
Achieving the dream of homeownership is a significant milestone in life. However, navigating the complex world of mortgages and the various types of loans available can be overwhelming for first-time buyers and seasoned homeowners alike. To help you make an informed decision, we’re here to shed light on the main types of mortgages that can…
Selling your home in Annapolis? Don’t leave thousands on the table! Your Realtor’s awareness of appraisal changes is your ticket to maximizing profits in this dynamic market. Stay tuned to discover why being up-to-date matters. Understanding the Role of an Appraiser In the dynamic realm of real estate, one crucial but often misunderstood player is…
Hey there, Broadneck Peninsula! It’s time for your weekly real estate update. In the ever-evolving world of real estate, staying informed is crucial, especially if you’re considering buying or selling a home in our beautiful community. In the past seven days, we’ve seen some interesting developments in the local housing market. Let’s dive into the…
Debunking the Myth: Anne Arundel County’s True Affordability in Annapolis Real Estate When it comes to the Maryland real estate market, there’s a common misconception that Anne Arundel County is one of the least affordable places to call home. However, let’s set the record straight. In this blog post, we’ll delve into the reality of…
The Annapolis real estate market has been bustling with activity in recent years, but there’s one persistent challenge that has been on the minds of both buyers and sellers: the shortage of available inventory. In this blog post, we’ll delve into the reasons behind this shortage, and why it’s important to strategize in this competitive…
When it comes to estimating affordability and monthly mortgage payments, many potential homebuyers in today’s real estate market turn to mortgage calculators. However, relying solely on these online mortgage calculators can be misleading and fail to provide a comprehensive understanding of your financial situation. In this blog post, we will explore the pitfalls of relying…
Are you a homeowner in Annapolis, Maryland, who missed out on the last real estate market frenzy? You might be feeling like you lost your chance to sell your home for top dollar. But the good news is that the real estate market has flipped a switch once again, and it’s a fire hot seller’s…
If you’re thinking about buying a home in Annapolis, Maryland in 2023, you might be wondering how to get started. The home buying process can be daunting, especially if you’re a first-time buyer. Unfortunately, there are several myths out there that can stop you from taking the first step towards building wealth through home ownership.…
