Real Estate Decoded

One of the most difficult messages to deliver as a Realtor is telling your client that their recent renovations will not add value to their home. First lets clear the air, renovations can provide your home with a profitable return on your investment. There are multiple scenarios that justify updating your home. The important factors to consider prior to making updates is to understand what you will get in return. A good place to start is with asking the question: why? Why are you considering making the updates? If you are updating your home because you plan on enjoying the updates while you are in the home and it has no impact on your hopes to drive up the value of the home, then you do not need to justify your decision. As long as you are aware that some updates will not add monetary value to the home when you go to sell, carry on and enjoy. However, if you are making updates to the home specifically to make a profit then it would be best to talk to several experts prior to beginni...

Slow and steady wins the race when it comes to what conditions build confidence in the housing market. Other than investors looking to make money on extreme situations, the majority of people feel more confident making a move in the housing market when a steady pace has been acknowledged by  majority opinion. The market is balancing itself out. When the market balances itself out the predictability that is yielded from that balance brings people out. Most of us feel safer making a commitment when we are in an environment we consider controlled. We are anticipating a lot of controlled movement in the housing market next year. In my office we have been talking about the 2016 market all year long. Here is what we have been talking about everyone: The market is gearing up to be inundated with buyers. Why: #1. More homes will be available and more buyers will take action. #2. We will see home prices continue to increase in 2016 but likely at a more predictable rate. This will attract h...