Condemned homes often sell for little more than the value of the land, which may amount to just a few thousand dollars. But these transactions may take more time to navigate, since you usually must work with a bank or the government to purchase a condemned property. Buyers will need to know what or if any violations or liens are attached to the property’s title.
Read more HERE.
Simple maintenance projects and updates can increase a home’s value by roughly 1 percent each year, according to research from the University of Connecticut and Syracuse University. RE/MAX put together a list of four tips on where home owners can focus their efforts to help maintain and increase the value of their home.
Ninety-one percent of closed sales in August contained a sales contingency, allowing a buyer or seller to back out of the contract if certain conditions were not met. This percentage was reported in the August 2017 REALTORS® Confidence Index Survey, a monthly survey sent to more than 50,000 real estate practitioners. Read more HERE.
More new homes are coming equipped with front porches. Sixty-five percent of new single-family homes started in 2016 included a porch, according to a Census data analysis from the National Association of Home Builders. It’s only the second time since tracking began that new single-family homes with porches have moved back above 65 percent. For comparison, in 2005, 54 percent of new homes had porches.
Keeping a home warm during the colder months of the year can prove to be expensive. With energy costs on the rise, many households are facing higher energy bills each year.
www.fixr.com, which provides “Cost Guides” of estimates to common household remodeling projects, highlights five projects to help increase a home’s energy efficiency and keep utility bills lower.
The changing of the season brings several household tasks you should perform to keep your home safe as colder temperatures approach. Realtor.com® recently featured several chores to do for fall and winter preparation.
Home builders and designers say demand is increasing for more flexible living spaces, giving rise once again to “bonus” or “multipurpose” rooms, The Wall Street Journal reports. Such rooms offer extra square footage for owners to create a space that fits their lifestyle.
Green home construction has moved into the mainstream among single-family and multifamily home builders, according to the new report “Green Multifamily and Single Family Homes 2017 SmartMarketBrief.”
Kitchen renovations and upgrades are among the top remodeling projects most likely to add value to a home at resale and most likely to appeal to home shoppers, according to the 2017 Remodeling Impact Report, conducted by the National Association of REALTORS®. Read about this and other remodeling projects HERE.
The exterior of the home counts big for creating first impressions. Indeed, 99 percent of real estate pros say that curb appeal is a critical factor in attracting a buyer, according to the National Association of REALTORS®’ 2016 Remodeling Impact: Outdoor Features survey.
Here are a few things you can do to enhance the curb appeal to your listing.