Lifestyle real estate newsletter | november 2019
home improvements That increase your home’s value Homeowners try to upgrade their home with resale value in mind. However, not all home improvements will yield added value to the property. Which improvements will give you the best return on investment so you can strategize on what to do before you list your house?
Improvements that Will Increase Your Home’s Value
There are several renovations that will increase the value of your home. Anytime you are adding square footage, bathrooms or bedrooms you will see a definite increase in home value. Some other examples of projects that yield a return on investment: • Upgrading flooring • Putting in newer appliances • Updating kitchens and bathrooms While doing these renovations keep these tips in mind: - To retain value, do not upgrade beyond the price point of your neighborhood. - Stray away from any upgrades that are very personal.
increase value. Some examples of improvements that do not necessarily increase home value: • Replacing a furnace • Power washing the exterior • New plumbing system • New HVAC unit
Keep styles neutral and appealing to a variety of tastes. Not all renovations are crucial to selling your home. You house does not need to be completely updated in order to list.
Improvements that Don’t Increase Your Home’ Value
There is nothing more frustrating than sinking your hardearned money into home upgrades and then later learn that it did not increase your home’s value. Thousands of homeowners find themselves in this situation every year. They believe that the $10,000 investment of a new roof and gutters will increase the value of their home, when sadly it doesn’t. Home maintenance is something that is done to keep the house from losing value, however, it does not
Although these improvements do not usually result in an increased list price, they are still worthwhile. A home that is properly maintained with updated systems will show better and sell quicker than a home that is not. Additionally, buyers won’t be seeking extra concessions from you to go toward various necessary upgrades. Consider which home upgrades will give you the best return on investments and allow your house to show well. As you prepare to sell your house, make a list of the most lucrative upgrades that will appeal to buyers and maintenance that needs to be addressed. A careful plan keeping resale value in mind can help you net the best profit on your home sale.
N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com | E https://realestatenina.com | W
15117 Main Street B106 | Mill Creek WA 98012
Sold: Closed Sale $389,000 7 days on market 100% of list price
N I N A B J O R N S TA L 15117 Main Street B106 Mill Creek WA 98012
19800 51st Dr NE |Arlington 98223 MLS #1517719 4 Beds | 2 Baths | 1632 Sq Ft Nina Bjornstal Represented: Buyer / Investor
I am currently taking on new clients.
The most sincere compliments I receive are the personal referrals from you. Thank you so much! Remember how much fun we had finding your home? I’d love to help them create that memory too.
N I N A B J O R N S TA L 206.730.0962 | Cell or Text nina@ninabjornstal.com
Market watch update | see the market trending in your county October 2019
Snohomish County
Median sale price: $489,995 Average sale price; 533,658 List to sale price: 99.8% Months of Inventory: 1.9 Days on Market: 31
Pierce County
Median sale price: $610,000 Average sale price: $738,513 List to sale price: 99.4% Months of Inventory: 2.3 Days on Market: 34
Snohomish County
Median sale price: $461,500 Average sale price; $500,591 List to sale price: 99.6% Months of Inventory: 1.9 Days on Market: 34
Pierce County
PENDING at $329,000 MLS 1520738 CDOM 9 2 Beds | 2 Bath | 1046 Sq Ft TU
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Nina Bjornstal Represented: Seller
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Median sale price: $354,900 Average sale price: $386,903 List to sale price: 100.1% Months of Inventory: 2.0 Days on Market: 35
4316 Stonebridge Way #101 Lynnwood 98037
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Median sale price: $380,000 Average sale price: $424,505 List to sale price: 100.3% Months of Inventory: 1.5 Days on Market: 29
King County
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Median sale price: $670,000 Average sale price: $799,161 List to sale price: 99.5% Months of Inventory: 2.0 Days on Market: 32
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King County
pending sale
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September 2019
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If your home is currently listed this is not a solicitation for your listing, please disregard this mailer. | 2019 Lifestyle real estate by nina