You're ready to sell your home, so you've been weighing just how much you should put into repairs and upgrades so you can get a good price. Perhaps you're unsure which kinds of upgrades are likely to pay off when you're bargaining with a potential buyer. Here's where knowing something about ROI, or return on investment, can help boost the sale price of Beavercreek homes for sale, including yours.
Read on for some good advice from our REALTORS®.
You've likely heard about ROI. You know it's got to do with how much you invest in a renovation and how much you can ask for it when you're selling your home. But does investing in a renovation mean you can recoup the outlay when you're ready to sell? Mmm, not necessarily.
Here's the formula. The contractor charges you between $1500 and $3500 for the installation of insulation in a 2000-sq. ft. attic. This is, by the way, one of the best improvements you can make for selling your home, but we'll get to why in a moment. Anyway, the price will depend on whether you are leaving old insulation in place or yanking it all out before you install the new. It also depends on how accessible your attic is, and other factors. Let's say your cost is $3000. Your real estate agent says you can increase the selling price by $3500, with $500 as your investment gain.
Subtract the cost from gains. Then divide that $500 gain by the original cost. That/s $500 divided by $3500, which equals a 14 percent return on investment. Hey, congratulations. You made money.
Well, maybe. Unfortunately, the money we put into renovations doesn't necessarily come back in full when we sell our home. Here's a bummer of a stat: homeowners generally recoup only 64 percent of their outlay for a renovation. So says Remodeling Magazine.
The fact is, renovation ROIs can be great or not so much. So the key is knowing which ones are best to invest in. In general, lower-cost renovations tend to pay off better. Here's a list of ROI recommendations:
Here are some additional projects that will help you sell your home.
Got questions on ROI you'd like to discuss? Contact Wright-Patt Realty today.
Hurray for tasty fajitas: one of the best Mexican-inspired dishes you can prepare in your new home from Beavercreek homes for sale. Don't have time to prepare fajitas, despite the fact they're relatively simple to make? Never fear. Why not make it a point to find the best fajitas in your new neighborhood, and why not celebrate your find on August 18, National Fajita Day?
In Ohio, we make the most of summer — entertaining, vacationing, enjoying the warm weather in general, but also doing all those projects that require our attention. Even before you bought your house from Beavercreek homes for sale, you probably were making a list of must-dos, and no doubt you've been working on them ever since. But it's wise to start with those home improvement fixes that can actually save you money. Let's have a look at some of the recommendations from our REALTORS®.
If you're looking at Beavercreek homes for sale for a place to hang your hat, good for you. Beavercreek has so much to offer in the way of local schools, dining, entertainment, recreation, and more. And it probably doesn't come as a surprise to you that Beavercreek offers some very fine outdoor settings. Just drive around and check out the many parks for walking, cycling, and enjoying nature.
More homeowners are discovering the beauty of living life organically. Not only are they taking care to cook and eat foods that are not overly processed and doused with synthetic chemicals, but they're also paying attention to what they wear and bring into their homes, avoiding volatile organic compounds and other hazardous substances whenever possible. So it's only natural that they would follow up with organic gardening and lawn care.
Perhaps you're ready to dispense with harsh chemicals when it comes to caring for your lawn. After all, you fell in love with the dream home you found with Beavercreek homes for sale, and you'd like to create a healthful haven indoors and outside for you and your family.
Whether you're just shopping for Beavercreek homes for sale or Xenia homes for sale, or you've recently moved into one, you're going to want to know more about the neighborhood. Our REALTORS® are thrilled to make recommendations about what to see and where to go in Greene County. One of our favorite excursions is to local historical sites.
Let's take a look at some of the best places to get to know local history.
Have you thought about transforming your outdoor space into a living space? No need to add on another room; extend where you live and enjoy eating, drinking, and just being in the outdoor area of your property.
If you've already done so, maybe it's time for an upgrade, as our long Ohio winters can take a toll on our home's exterior areas. It may be high time for a redo of your patio or outdoor dining area/kitchen. What's more, if you're thinking of listing your home among Beavercreek homes for sale, an upgrade will help boost your home's value.
If you've been shopping Beavercreek homes for sale, then you probably know there are some fabulous properties available in this town. But you may also be wondering what it's like to live in Beavercreek. We don't blame you. You want everything to be just right for your family in the town you choose.