As a Main Line Realtor®, I am often asked not just about buying or selling a home, but about the best way to add value to a home. Often, a past client will contact me before a renovation project to ask specific questions such as : “Will a family room addition be something a buyer down the road will pay a lot for?” Or “Do I need a tub on the second floor?” Remodeling magazine’s Cost vs. Value Report is a good resource for the best investments for home projects. And I always tell clients not to renovate to the point that their house is the most expensive one in the neighborhood and to consider what joy they will gain from a particular renovation that might make it worthwhile despite the monetary return. If they have always wanted a back porch, why not add one unless they will be moving in the very near future.
A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year.
Read MoreThe uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers to search for a better deal on a home. Sellers, however, aren’t offering a discount these days; they’re holding steady on price.
Read MoreHow many times have you driven by streamers flying on a sign that says : “Brand New Construction! Models Open Today!” Of course you want to see the model homes--they are always so beautifully decorated and you can get some great ideas. Plus, it is good to know what the home values are doing in your area. Why not stop in?
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