Understanding Appraisals, Property Taxes, & Appeals

If you live in Davidson County, you probably just got a letter in the mail with your new property value. The Davidson County Property Assessor’s Office reassesses your property every four years to produce a “Fair Market Value.” 

According to The Tennesseean, “During this reappraisal year – required every four years by state law – property tax rates are adjusted, so revenue is neutral for city government. Typically, the city adjusts the tax rate to capture the growth in property values.” 

The Assessor sets the property value, the Metropolitan Council sets the rate, and the Trustee collects the property taxes due based on the rate and value. Residential property tax is based on the assessed value, which is 25% of the appraised value.

If you think the value of your home is significantly less than your appraised value, you are allowed to appeal. Before filing an appeal, give Alex Helton a call at 615-390-5916 to get his opinion of the market value vs. appraised value.

 

What does this mean for your taxes? 

Your appraised value may have increased dramatically, but your overall tax bill could fluctuate either up or down depending on what the new lowered tax rate ends up being. 

 

What can you do if you think your appraisal came in too high? 

Many people’s tax appraisal is well below what their home would actually sell for on the market, but some tax appraisals do come in higher than the home could sell for. If you feel that the appraisal is too high, you can appeal it. 

 

How to appeal your appraised value

If it makes sense to submit an appeal, you can do that at this link or by calling 615-862-6080. You do not need to hire an attorney to file an appeal, and there is no filing fee associated with the appeal. 

The deadline for a property owner to file an Informal Review is Friday, May 21, 2021, at 4:00 PM.  

Top 9 Nashville Restaurants for Cinco de Mayo

Happy Cinco de Mayo! Whether you are ordering tacos to-go or looking for a great local spot to drink margaritas, here are some of our team’s favorite options for Cinco de Mayo in and around Nashville.

El Agavero 

Are you planning on enjoying a night in for Cinco De Mayo? Order some of El Agavero’s delicious tacos with a pitcher of their famous margaritas to go. If you plan to go out, the ambiance and friendly customer service make El Agavero a top choice. – Alex Helton (Owner/Agent)

Rancho Cantina 

If you are looking for authentic Mexican food for Cinco De Mayo, Rancho Cantina is the place to go! – Sam (Director of Operations)

Nectar Urban Cantina

Nectar is a gathering place for friends and families and includes:

  • Grab-and-go juice and coffee bar.
  • Fast-casual dining.
  • A complete indoor bar.
  • A beer garden with an outdoor margarita bar.
  • An outdoor play area for kids. 

Nectar provides an extensive culinary experience in a fresh and casual environment. – Jack (Client Care Coordinator)

El Paseo 

El Paseo unique scratch kitchen with authentic Mexican cuisine includes a dog park, dog-friendly patio, and Nashville’s Best Sunroom Bar. Enjoy Cinco De Mayo with your pups! – Lauren (Marketing Manager)

Las Americas

Las Americas is a local staple known for pupusas. We also highly recommend their street tacos! – Kevin (Lead Agent)

Bar Taco

Bar Taco serves classic & creative tacos along with a unique drink menu. This stylish spot is great for hanging out and enjoying tacos and margaritas. They are also offering take-home Cinco De Mayo kits which are easy to heat and serve. – Liza (Real Estate Specialist)

Pancho and Lefty’s Cantina

Pancho and Lefty’s is a local favorite and has Nashville’s #1 Margarita! Enjoy to-go Cinco De Mayo fajita kits, or stop in for tacos. – Kellen (Real Estate Specialist)

Red Headed Stranger

Red Headed Stranger is a taco shop in East Nashville makes fresh and delicious tacos, brisket, hatch green chiles, and more Southwestern-inspired foods! Their house-made tortillas are a hit! – Jess (Real Estate Specialist)

Nashville Homes For Sale

Homes For Sale In Nashville

Looking for homes for sale in Nashville?

We’ve put together this list to show you all the newest homes for sale in Nashville, TN!

Give us a call with any questions or click the button below to schedule a property tour today!

(615) 447-8437

$674,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,600
SQFT
85 Elberta
Nashville, TN 37210
Sterling Heights Subdivision
$674,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,600
SQFT
83 Elberta
Nashville, TN 37210
Sterling Heights/Woodbine Subdivision
New Listing - 2 weeks online
$389,900
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,204
SQFT
2724 Hartford Dr
Nashville, TN 37210
Hidden Acres Subdivision
New Listing - 3 weeks online
$336,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
952
SQFT
2710 Mashburn Rd
Nashville, TN 37210
Mashburn Heights Subdivision
$285,000
Single Family Home For Sale
Active
1
BED
1
TOTAL BATH
754
SQFT
2150 Sadler Ave
Nashville, TN 37210
Sadler Place Subdivision
New Listing - 3 weeks online
$699,900
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,425
SQFT
2827 Azalea Pl
Nashville, TN 37204
Berry Hill Gardens Subdivision
Price Change - yesterday
$459,000
Single Family Home For Sale
Active
5
BEDS
2
TOTAL BATHS
1,924
SQFT
204 Dodge Dr
Nashville, TN 37210
Mertie Milwee Subdivision
Open House Sun, May 16, 6 PM UTC
Please verify times due to COVID-19
$489,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,683
SQFT
517 Foothill Dr
Nashville, TN 37217
Hill-N-Dale Subdivision
New Listing - 5 days online
$375,000
Single Family Home For Sale
Active
5
BEDS
2
TOTAL BATHS
1,794
SQFT
3843 Valley Ridge Dr
Nashville, TN 37211
Valley View Meadows Subdivision
New Listing - 2 weeks online
$499,900
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
2,000
SQFT
348 Binkley Dr
Nashville, TN 37211
Caldwell Hall Subdivision
$445,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
3,304
SQFT
670 Harding Pl
Nashville, TN 37211
Caldwell Hall Subdivision
New Listing - 3 weeks online
$847,000
Single Family Home For Sale
Active
2
BEDS
3
TOTAL BATHS
1,720
SQFT
2950 Vaulx Ln
Nashville, TN 37204
Battlefield Estates Subdivision
$719,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
2,240
SQFT
602 Inverness Ave
Nashville, TN 37204
George Waddey/Westwood Subdivision
New Listing - yesterday
$379,000
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
2,169
SQFT
511 Mcdonald Dr
Nashville, TN 37217
Glengarry Park Subdivision
New Listing - 2 weeks online
$579,900
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,757
SQFT
428b Wingrove St
Nashville, TN 37203
Wedgewood Houston Subdivision
New Listing - 3 weeks online
$399,950
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
1,850
SQFT
604 Glenpark Dr
Nashville, TN 37217
Glengarry Park Subdivision
$373,500
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,722
SQFT
533 Harding Pl
Nashville, TN 37211
Battery Crest Subdivision
New Listing - 3 days online
$695,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
2,207
SQFT
930 Battlefield Dr
Nashville, TN 37204
Green Hills/Battlefield Subdivision
New Listing - 4 days online
$585,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
1,915
SQFT
325 Wauford Dr
Nashville, TN 37211
Caldwell Hall/Crieve Hall Subdivision
$289,900
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
1,115
SQFT
1220 Currey Rd
Nashville, TN 37217
Seven Oaks Subdivision
New Listing - 3 weeks online
$309,900
Single Family Home For Sale
Active
3
BEDS
1
TOTAL BATH
1,598
SQFT
289 Paragon Mills Rd
Nashville, TN 37211
Kenilworth Estates Subdivision
$1,950,000
Single Family Home For Sale
Active
5
BEDS
5
TOTAL BATHS
3,324
SQFT
1005 Paris Ave
Nashville, TN 37204
12 South Subdivision
$785,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,746
SQFT
4413 Soper Ave
Nashville, TN 37204
Oak Hill Subdivision
New Listing - a week online
$1,200,000
Single Family Home For Sale
Active
6
BEDS
5
TOTAL BATHS
3,870
SQFT
1509 Woodmont Blvd
Nashville, TN 37215
Clairmont Subdivision
Foreclosure
$365,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,050
SQFT
820 Patricia Dr
Nashville, TN 37217
Bel Air Subdivision
New Listing - 4 weeks online
$1,799,900
Single Family Home For Sale
Active
5
BEDS
5
TOTAL BATHS
4,713
SQFT
1035 Battery Lane
Nashville, TN 37220
Green Hills/Oak Hill Area Subdivision
New Listing - 4 days online
$395,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,731
SQFT
4085 Hollis Hill Dr
Nashville, TN 37211
Classic Meadows Subdivision
New Listing - 12 hours online
$1,450,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
2,920
SQFT
1014 Argyle Ave
Nashville, TN 37203
12 South/Wedgewood Subdivision
$799,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,940
SQFT
2805 Brightwood Ave
Nashville, TN 37212
Belmont Terrace Subdivision
New Listing - 4 weeks online
$1,849,900
Single Family Home For Sale
Active
5
BEDS
6
TOTAL BATHS
4,473
SQFT
1037 Battery Lane
Nashville, TN 37220
Green Hills/Oak Hill Area Subdivision
$849,900
Single Family Home For Sale
Active
6
BEDS
3
TOTAL BATHS
2,112
SQFT
940 Archer St
Nashville, TN 37203
Gulch View Subdivision
New Listing - 2 days online
$680,000
Single Family Home For Sale
Active
2
BEDS
2
TOTAL BATHS
1,116
SQFT
2105 18th Ave
Nashville, TN 37212
Belmont Subdivision
New Listing - a week online
$799,500
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
3,100
SQFT
5134 Regent Dr
Nashville, TN 37220
Crieve Hall/Haileywood Subdivision
New Listing - 2 weeks online
$324,900
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
1,650
SQFT
311 Margo Ln
Nashville, TN 37211
Haywood Acres Subdivision
New Listing - 3 weeks online
$899,900
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
1,188
SQFT
1090 Archer St
Nashville, TN 37203
Southside Park Estates Subdivision
$1,275,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
2,272
SQFT
1608 17th Ave
Nashville, TN 37212
Music Row Subdivision
New Listing - 3 weeks online
$1,425,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
4,000
SQFT
4407 Belmont Park Ter
Nashville, TN 37215
4407 Belmont Park Terrace Subdivision
New Listing - 4 days online
$580,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,940
SQFT
5124 Glencarron Dr
Nashville, TN 37220
Aberdeen Woods Subdivision
New Listing - a week online
$1,895,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,420
SQFT
1009 Villa Place
Nashville, TN 37212
Music Row/Belmont Subdivision
$549,900
Single Family Home For Sale
Active
5
BEDS
3
TOTAL BATHS
2,750
SQFT
5181 Regent Dr
Nashville, TN 37220
Haileywood Estates Subdivision
$1,749,000
Single Family Home For Sale
Active
3
BEDS
4
TOTAL BATHS
4,208
SQFT
5129 Franklin Pike
Nashville, TN 37220
Oak Hill Subdivision
New Listing - a week online
$1,050,000
Single Family Home For Sale
Active
5
BEDS
3
TOTAL BATHS
3,536
SQFT
518 Brentview Hills Dr
Nashville, TN 37220
Brentview Hills Subdivision
$1,250,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,552
SQFT
1113 Ozark St
Nashville, TN 37206
Haynies Central Park Subdivision
New Listing - 2 weeks online
$1,195,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,863
SQFT
1101 Ozark St
Nashville, TN 37206
Haynies Central Park Subdivision
New Listing - 19 hours online
$600,000
Single Family Home For Sale
Active
2
BEDS
2
TOTAL BATHS
1,170
SQFT
2103 Natchez Trce
Nashville, TN 37212
Fairfax Place Subdivision
New Listing - 6 days online
$399,900
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
1,303
SQFT
2004 Long Ave
Nashville, TN 37206
Shelby Hills Subdivision
New Listing - a week online
$434,900
Single Family Home For Sale
Active
3
BEDS
1
TOTAL BATH
969
SQFT
600 S 14th St
Nashville, TN 37206
Payne Blakemore & Cummings Subdivision
New Listing - 3 weeks online
$1,500,000
Single Family Home For Sale
Active
7
BEDS
8
TOTAL BATHS
4,545
SQFT
2816 Blair Blvd
Nashville, TN 37212
Hillsboro Village Subdivision
New Listing - 4 weeks online
$1,497,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
3,575
SQFT
1711 Long Ave
Nashville, TN 37206
Edgefield Land Subdivision
New Listing - a week online
$550,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,404
SQFT
614 Shelby Ave #A
Nashville, TN 37206
Homes At 614 Shelby Subdivision
New Listing - 3 weeks online
$329,900
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,512
SQFT
505 Bismark Dr
Nashville, TN 37210
R Subdivision
New Listing - 4 days online
$250,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
1,037
SQFT
804 Shelby Ave
Nashville, TN 37206
Williams/Edgefield Subdivision
New Listing - 4 weeks online
$1,990,000
Single Family Home For Sale
Active
3
BEDS
6
TOTAL BATHS
4,733
SQFT
414 Prestwick Ct
Nashville, TN 37205
Prestwick Subdivision
New Listing - yesterday
$599,990
Single Family Home For Sale
Active
3
BEDS
4
TOTAL BATHS
2,095
SQFT
606 Chesterfield Way
Nashville, TN 37212
The Chesterfield Subdivision
New Listing - 3 days online
$310,000
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
1,849
SQFT
309 Eulala Cir
Nashville, TN 37211
Hickory Valley Subdivision
$1,769,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,222
SQFT
3341 Love Circle
Nashville, TN 37212
Love Circle Subdivision
New Listing - 11 hours online
$525,000
Single Family Home For Sale
Active
2
BEDS
3
TOTAL BATHS
1,672
SQFT
1100 Russell St #106
Nashville, TN 37206
Martin Corner Subdivision
New Listing - 2 weeks online
$1,499,000
Single Family Home For Sale
Active
3
BEDS
4
TOTAL BATHS
4,754
SQFT
109 Savoy Cir
Nashville, TN 37205
Whitworth Subdivision
$1,295,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,100
SQFT
120 Abbottsford
Nashville, TN 37215
Abbottsford Subdivision
$439,900
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,956
SQFT
781 Mill Creek Meadow Dr
Nashville, TN 37214
Riverwalk At Mill Creek Subdivision

8 things to avoid when purchasing a home

8 things to avoid when purchasing a home

The last thing in the world you would ever want is to spend a bunch of time searching for a home, finding that perfect place and then not being approved for your mortgage. There are also many common mistakes homebuyers make that could make the process much more painful than it has to be.

We’re writing this article because we know how stressful it can be to buy a house. In order to make your process easier, we are going to cover the 9 things you shouldn’t do when buying a home.

1) Don’t overestimate your budget.

Ever heard the expression “House poor“? Many homebuyers overestimate what they can actually afford and end up with very little wiggle room financially. Before jumping into buying, make sure you have a realistic idea of the yearly costs involved with owning a home.

Remember, there is your mortgage, property taxes, utilities, insurance and repairs. All of this before you even think about making upgrades. Factor in all the costs and leave yourself some room.

2) Don’t let your emotions run wild.

Buying a home is one of the biggest decisions of your life. It’s normal to be excited and fall in love with a home. However, try to keep a level head. Falling in love with a home can cloud your judgement or end in disappointment. This can happen if unforeseen issues are exposed in the inspection or if someone puts in an offer before you.

If you don’t find a home… don’t get discouraged. Home searching can be a lengthy process. It will be worth it when you find the winner.

3) Don’t talk to sellers about plans for the house.

As much as you are excited to get in and put your personal touch on the home, it’s best to keep this to yourself. Sometimes home buyers meet and get to know the home owners. This is fine, but remember that the current owner will have an emotional attachment to the property.

It’s best not to make them feel like you’re going to come in and completely change the place. If you make conversation with the owners, just keep the conversation light.

4) Don’t withdraw or deposit a lot of cash.

Going further with your financial history, cash withdraws and deposits also play a part in your mortgage approval rate. Large quantities of cash going in or out of your accounts signals a warning sign that you do not have stability. Avoid any sporadic withdraws or deposits of large sums of cash.

5) Don’t apply for more credit.

The amount you are approved for on your mortgage comes down to your capital. How much money do you have at your disposal? Applying for extra credit increases your debt. This extra debt decreases the amount you will be approved for on a mortgage.

6) Don’t co-sign a loan.

While a loan may not technically be yours – it will still equally count towards your overall debt. Co-signing a loan can have an impact on not only the amount of your mortgage, but approval rate in general. Avoid co-signing any loans until you have purchased your home.

7) Don’t finance a car or furniture.

As financing is again a loan, it is therefore debt. Stay away from financing a car or furniture for the above mortgage approval reasons.

8) Don’t switch or leave your job.

Financial stability is one of the most important factors considered when a bank is approving your mortgage. The key to financial stability is having a dependable income. If you switch or leave your job, often or before applying for a mortgage, this may signal red flags.

If you are thinking about a move, hang tight with your job until after your mortgage is approved.

Ensure you don’t make these mistakes

There are many important things to consider when purchasing a home. It is one of the biggest decisions of your life.

In order to ensure that you get the house you want, when you want it, you need to understand and follow those above tips. Doing so will increase your chances of finding that perfect home and getting it. Remember that financials are very important when it comes time to apply for a mortgage. Make that your priority.

Also keep in mind the emotional aspects of purchasing a home and try to stay cool. It can be a draining process, but it will be worth it when you get the keys to the castle!

Are you looking for a home in the area? Give me a call. I’d love to help you find a home (and make sure you make none of the above mistakes in the process!)

Should I Rent or Buy a Home?

Should I Rent or Buy a Home?

Choosing whether to rent or own a home is not an easy decision. It requires you to carefully examine the factors and costs associated with each option. Which is better? That depends.

Your unique economic situation, lifestyle and goals play the largest part in deciding what is better for you. It’s important to go into your calculations with open eyes. As much as you want a home, you may not be able to afford it. Or it may not be the right decision for the way you like to live.

Factors To Consider When Buying/Renting a Home

The following four points are the largest factors to consider when weighing the pros and cons of home ownership vs. rental.

1) What are the total costs?

Many people look at the economics of home-ownership as a mortgage payment only. In reality there are insurance, repairs, property tax, homeowners association dues etc. that all have to be factored in to your monthly costs. Check out this calculator from the New York Times to see more.

Use a calculator and compare to see if:

  1. The monthly cost as a homeowner is less than renting.
  2. You can afford the monthly cost (if it works out more than renting in your area)
  3. Saving a 10-20% down-payment is feasible for you

If owning a home definitely the way to go for you, you need to be able to answer the above questions definitively.

2) What is important to you?

Are you more interested in building for the future, or reducing your financial risk until you can figure out a plan? You may want to own if you are thinking about starting a family. But as someone who is single, you may enjoy your freedom and having less financial debt. (Even if it is building your net worth in the long run)

Undoubtedly, buying a house only makes sense if you plan to set up roots. If you plan to move within (or every) 5 years, your transaction costs will likely bring the equity you build in your house to zero. Thus diminishing your upside while carrying all of the liabilities that come along with home ownership. Owning a home is a smart decision if you plan to stay for 10 years or more.

3) What is your preferred lifestyle?

Do you want to build a career in a specific city or travel around? Do you have long-term goals in mind? It’s okay if you don’t. The most important part is being aware of where you are at. You may want to get some international work experience or try your luck in another part of the country. Or not.

Really think about what you want. You could lose some serious money if you buy a house and sell within a few years because you decide it isn’t for you.

4) What are the opportunity costs?

Think about the pros and cons of home-ownership. On one hand, you will always have a home base. On the other, you have a property that ties you down to a geographical location. Can you make more money in another city? With a home, you can’t move to pursue those opportunities.

If rent is equal to monthly payments as an owner, think about the opportunity costs of having all of your money tied up in the house. For example, some investors may rent and opt to invest their money in the stock-market or other investments in their portfolio. Can you make higher percentage returns yearly with the money you would be using for a down payment?

The above were things you will want to consider. If you need to be realistic to make the right decision about renting vs owning a home. The below two situations may help if you aren’t able to come to a conclusion.

When is Renting a Home Better?

Despite popular belief, owning a home is not always the best decision. Let’s not be black and white. It depends on your particular situation.

You may want to rent if:

  1. You want to travel and set-up shop in different places every few years.
  2. You do not have the job or financial security to (realistically) guarantee payments for years to come.
  3. You have demonstrated the ability to make better financial returns through other investments.

There are other factors. However, this is a good starting point to help you determine your argument for renting versus owning a home. The benefit of renting is not being tied down to a geographic location and being able to leave when your lease runs up.

When is Owning a Home Better?

Owning a home is the long-term game. You need to have your goals in mind and understand if you can afford it.

You may want own if:

  1. You are okay with staying in one place for 10 years or more.
  2. You have the financial stability to afford the home (and float payments if you lose your job)
  3. You want to leverage your home as an investment property down the line (through rental)

Owning a home gives you an anchor. It helps you stay grounded by having a home base. At the same time, you can increase your upward potential by leveraging the home as an investment property.

Some food for thought

Choosing to rent or own your home is a big decision. It depends on your individual situation and vision for the future. In short, owning is traditionally the better long-term strategy. However, that’s not to say that you can’t do as good or better with the right investment portfolio.

Before jumping into anything, analyze yourself. Think hard about where you are and what you want for the future. Speak to a realtor and see if they have any advice for your individual situation.

If you are looking at purchasing property in the area, give me a call. I’d love to discuss your options and see if buying is the right path for you.

7 Home Renovations That Will Increase Your Resale Value Big Time

7 Home Renovations That Will Increase Your Resale Value Big Time

You want to make the most money possible when it comes time to sell your home. The way to do that is by improving and updating the things in your home that buyers look for the most.

We compiled this list for those looking to boost their resale value. It’s important to focus on the renovation projects that will net you the highest ROI. All of the projects on this list were chosen for their ability to produce high ROI as well as create a more desirable home. Remember – it’s important to make money. But it’s also important your house doesn’t sit on the market for a year.

Make these updates and you should fetch a high sale price, quicker than you would otherwise.

1) Remodel the Kitchen

The decision among real estate experts about where you get the highest ROI renovating your home is unanimous. The answer is in the kitchen. For some reason people just want nice kitchens and care about it more than the rest of the house… Maybe it’s because that’s where people like to entertain guests. Your main priority when renovating a kitchen should be layout. Creating a structure (or bones) that is functional and can easily be updated is super important. It’s one thing to replace a counter-top and cabinet doors. It’s a different story to completely renovate the whole kitchen.

Once you get the structure out of the way, search for materials that have a high quality look without a big price tag. You can make a space look modern and luxurious without having to use marble and granite.

2) Update Bathrooms

Bathrooms are the second place buyers typically place the most value in a home. The good news is that making updates to a bathroom doesn’t have to cost a fortune. En-suite/master bathrooms are the most important. As they say, it’s where the magic happens. Cast a spell on potential buyers with a beautiful en-suite. That was really corny I know…

3) Repair plumbing issues

Can we say structural problems? This is the #1 worry of all potential buyers. No one wants to move into a beautiful new house and have a disaster occur two or three months down the road. Re-doing your old piping and updating it to a newer plastic solution is a huge selling point. This removes some of the potential fear that comes with buying a home.

4) Remove paneling

Wood paneling and Stucco are common in older homes. Mainly because when it was popular, we didn’t have walls without imperfections like we do now. Not only are these two things ugly, they also show potential buyers that you lack the ability to update your home. “If you can’t update this, what is is lurking?”

5) Attic Renovation

Attic renovations are a popular choice among DIY projects as expenses can be minimized. In many houses you will have the bones for a room. All that is required of you is putting up walls and handling the cosmetics. Updated attics can sometimes be a stronger selling point than updated basements.

6) Replace Siding

Since curb appeal is so important, it makes sense to focus on the biggest factor. The outside of the house. Everyone knows the dingy, yellow siding that used to be white 60 years ago look. If your house looks like that – sorry. It’s time to update. For those on a budget you can also try power washing. Power washing sometimes brings better results than you could imagine. And it barely costs

7) New Garage Door

In addition to replacing/refreshing your siding and landscaping well, your garage door can play a big part in selling your house. It’s another element of curb appeal that can draw in or turn-off potential buyers. Luckily, new garage doors re-coup on average 80% of their investment in the long term. Basically, it will help you break even (or make money) while making your house more desirable.

Final thoughts

You want to sell your home in the least amount of time and for the most amount of money possible. The way to do this is by performing renovations with a high ROI. In addition, you want to focus on the most desirable updates. Doing so will ensure you attract more interest on your property.

Each of these on the list may not be necessary or feasible with your budget. Remember that curb appeal, kitchens and bathrooms are important. If you can focus on nothing else, focus on those things. These projects will reduce your risk of losing money in the renovation process and also help you sell quicker.

Need more information on selling your home in the area? Give me a call!

 

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