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August
16

Home improvement projects are functional, but you want to make sure they're worth the investment. Here are the best and worst projects to make back your money.

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®.

What Does ROI Mean?

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:

  1. Bigger isn't better. Forget about adding that master bedroom at $250k. It won't pay off; you can expect to recoup only 57.2 percent of the costs.

  2. Lower-cost projects rule, giving better returns. Remodeling Magazine lists four projects costing less than $5000 that are among the top five when a house is sold. The top-returning renovation: attic insulation.

  3. Energy-efficient renovations shore up ROI. And one of the top energy-efficient renovations is new fiberglass attic insulation.

  4. Safety pays off. Another top renovation is safety features, such as a steel entry door, or new garage doors.

  5. Small kitchen projects help sell a home. It doesn't have to be big improvements; even small jobs like replacing cabinet hardware can help you sell. Or, if you want to do a minor kitchen remodel, it could return about 83 percent of its cost.

Here are some additional projects that will help you sell your home.

  1. Landscaping: Can return on average 100 percent of your investment.
  2. Minor bathroom remodel: Could return an average of 102 percent.
  3. Deck/Patio/Porch addition: Can return an average of 90.3 percent. 
  4. Major bathroom remodel: Could return an average of 93.2 percent.
  5. Replace windows: Returns an average of 89.6 percent.

Got questions on ROI you'd like to discuss? Contact Wright-Patt Realty today.

    August
    1

    The best home improvement projects will help save money down the road. Here's where you should start.

    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®.

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    May
    9

    These home improvement projects are simple and will make a big impact on your home. Here's what you should finish off this spring.

    Spring is the time of renewal in nature, so why not take on some renewing home improvement projects with the change of season? Maybe you've just moved into the home you chose from Beavercreek homes for sale, or you've been in your home a while, and are thinking about what to do to attract buyers when you list it. Whatever the reason, make the most of our nice spring weather and get going on some easy home improvement projects.

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    March
    21

    Staying on top of all your projects can be a challenge. Here's how you can structure your home improvement tasks effectively.

    Ready for a remodel but don't know where to start? We feel your pain. In fact, our real estate staff works with home shoppers and sellers to improve their properties among Beavercreek homes for sale, and we are often asked for advice on the topic. So read on and let our REALTORS® share some of their suggestions for getting a handle on home improvement projects.

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    March
    7

    Smart technology is easy to use and can save you money in the long run. Here is the tech to install in your home.

    Isn't technology amazing in all the ways it's becoming intertwined with our lives, our households, and our processes? Take, for instance, the dazzling array of monitoring devices that are available. A few years ago, most homeowners could easily count two or three smoke detectors in their homes. Then, we started adding carbon monoxide monitors. Now we're onto water leak monitors, and maybe you're aware of even more monitoring devices that can save you money when you use them correctly.

    Here are a few that you should look into as you move into the home you bought from Beavercreek homes for sale. Or, maybe you're getting ready to list your home. Smart technology can actually boost the price of your home, so our REALTORS® suggest you check it out.

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    February
    14

    Installing new flooring can be one of your biggest design projects. Here's how you can choose the right floor for your home.

    Choosing the right flooring for your home will set the tone for each room. Our REALTORS® understand that when you buy a home, you may want to make a few changes that will make your new home your own. Changing or upgrading the flooring is sometimes the first step a new homeowner will take simply because it is easier to install while the home is still empty. If you want to transform your home you found among Beavercreek homes for sale, the following are the top five flooring trends for 2022.

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    January
    17

    It's a new year, and with it comes new goals and resolutions with your home. Here are some tasks you should definitely tackle this year.

    People make New Year's resolutions about all manner of things, from losing weight to paying off credit cards to learning how to speak Mandarin (if you're not already a Mandarin speaker). There's something about that magical Jan. 1 date that invites us to resolve to do some special things differently as a new year beckons.

    Well, how about home improvement resolutions? You've settled into your dream home from Beavercreek homes for sale, so could anything be more worthy of your time, attention, and hard work? The good news is the resolutions don't have to be expensive to implement. You can even do more than one. Resolve, for instance, to clean out the attic. That may be a big chore. But you might also resolve to do something simple, like changing your furnace filter every month.

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    January
    3

    Looking for a change of pace in 2022? Shake up your design and decor with the colors of the year.

    Every year, color experts and paint companies announce their top picks for the color of the year. These colors are based on trends from fashion, pop culture, technology, and design. Why should you be interested in colors of the year? These colors aren't just the same old tired shades of yesteryear. Say you want a white: colors of the year whites will astonish with nuances of white that you never dreamed possible. Same with greens, blues, browns, and more.

    Get ready to paint in the house you moved into from Beavercreek homes for sale, once you check out the fabulous colors below.

    1. Very Peri
      The Pantone company, which created the Pantone Matching System for reproducing consistent colors, has released its pick for the coming year: Very Peri. Rather than picking from its current library, Pantone developed a new color, a vibrant shade of periwinkle. It has been described as blending soothing blues with exciting red shades. The company is promoting the color as "warm and joyful" and says it was designed to symbolize the world's transition out of the worst conditions of the pandemic.

      Very Peri pairs wells with lush green tones, mauve, and terra cotta in bedrooms or living rooms. Juxtapose it with pink or bright yellow for kids' rooms. You can also bring it into your color scheme through furniture, accent pieces, or painted accents.

    2. Laurel Leaf
      The dusty green of Laurel Leaf, designated color of the year from Better Homes & Gardens, calls to mind the soothing green of eucalyptus leaves. The trend to bring nature into our homes started some years ago, but it hasn't waned, and Laurel Leaf reflects that ongoing desire to surround ourselves with the natural world. 

      The warm undertones of Laurel Leaf (the first-ever paint color of the year from BH&G) go well with light wood hues, beiges, and creamy whites. Try it in a bedroom to give a calming atmosphere, or in the dining room, as a quiet backdrop of restrained color that's easy on the senses.

    3. Art and Craft 
      Dunn-Edward's' color of the year, Art and Craft, is a "soft, sophisticated brown" redolent of walnut wood, and providing a peaceful effect. Get down to earth with Art and Craft in your home and feel calmer and more stable. As Dunn-Edwards explains, this color expresses a current interior design trend that evokes back-to-nature tones for interiors.

      Described as "moody and complex," Art and Craft gives off a bohemian aesthetic of the '70s but also puts us in mind of the simpler, sustainable ethos of the cottagecore trend. Use it in dining rooms, bedrooms, and the living room. Make it come alive when set off with jewel tones such as sapphire, ruby, and emerald.

    4. October Mist
      Benjamin Moore's October Mist is another green, but this one is soft, silky, and botanical — think the pale green of flower stems. It's the foundation for BM's 2022 color trends palette, with 14 nature-inspired tones, including tinted off-whites, earth tones, and "refreshed" primary colors.

      Work with a monochromatic palette by warming up gentle October Mist with the richer, darker Gloucester Sage. Reach for a crisper look by offsetting October Mist with icy blue-green Quiet Moments or inky blue-black Mysterious.

    5. Evergreen Fog
      Sherwin-Williams has chosen a mid-tone gray-green as its 2022 color of the year, a shift away from jewel tones and neutrals that have been front and center in color trends. Evergreen Fog gives a quiet, organic look to entryways, bedrooms, and bathrooms.

    Got questions about selling your home or buying in the Beavercreek neighborhood? Our REALTORS® have the answers. Contact Wright-Patt Realty today.

    September
    27

    Winter weather can be wonderful, but it can also be frightful for your home. Here's how you can prep for harsh cold weather.

    Fall weather is currently pretty mild, which means right now is the perfect time to start winter-proofing your home. Milder weather gives you the chance to get the work done before harsh winter temperatures roll in. Beavercreek homes for sale see some beautiful winters, but that doesn't mean winters are harmless. So, where should you focus your time? Here are the top winter-proofing tasks that should be on your checklist according to our REALTORS®.

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    September
    13

    Not all advice was created equal. Here are tips you should definitely avoid.

    Don't you just love the way those renovation shows on cable TV get us all revved up to knock out walls, rewire electricity, or replace our old wooden floors with something "easy to clean"? The slick stars of the home reno world sure make it look easy. Unfortunately, they also encourage fledgling DIY-ers to tackle more than they should. Sure, you may have beginner or middling skills that will get better with time, but unless you're a near pro, don't touch that wall. Or electrical wires. Or floor.

    Aping the examples of the TV renovators is just one kind of home improvement pitfall to avoid. Sometimes, the worst advice issues forth from friends and family, and unless you're well-grounded in the skills you need to improve the home you'll be listing among Beavercreek homes for sale, you could damage your home, and then require someone to fix your mistakes.

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