In a bit of good news for area home buyers, the median home price in metro Denver remained unchanged in June, which may be a signal that the real estate market in the Mile High City is hitting its
More Bang For Your Remodel Buck
While the seller’s market is improving, it’s still a less-than-desirable time to sell in certain areas across the country. But according to research analysts if you just can't ride out the real estate downturn, and you must sell now, the right renovations can help you seal the deal - and get top dollar.
You probably already know that upgrades in kitchens and baths are in demand among buyers. But did you know that using high-quality materials throughout your home can also improve its value and salability?
In fact, in homes that increased in value by at least 100 percent, owners spent 2.5 times more on improvements than in homes where the value increased by less than 50 percent, according to a study by Harvard University's Joint Center for Housing Studies.
Choose timeless, not trendy. Often, trendy building materials can't compete with traditionally popular ones for staying power and durability. Choosing traditionally popular materials for your renovation can help ensure your house is appealing to a wide range of buyers through years of evolving fads.
One trend worth tapping, however, is the movement towards more eco-friendly homes. Many buyers are looking for homes that incorporate recycled materials or new ones drawn from renewable sources, energy-efficient design and a minimal carbon footprint. When choosing products for your remodeling project, consider the steps the product took to reach your home.
Synthetic materials such as vinyl and plastic are manufactured with non-renewable materials. Minerals making up cement, stucco and metal are mined from the earth and not replaced.
Woods such as pine, fir, and Western Red Cedar are renewable resources, grown and harvested sustainably. The environmental costs of wood production are also much less than mineral or synthetic materials. Production of concrete requires 70 percent more energy than wood building products and releases 67 percent more pollution into the air.
Ken Blevins, Chief Executive Officer of Metrowest Real Estate Services, is a veteran in mortgage and default servicing with more than 23 years of experience in collections, foreclosure/bankruptcy, los....