Bobby Jose's Blog
Many of us will move home several times throughout our lives. Whether it’s relocating for work, needing a bigger house for children, or a quiet place to retire to, it’s likely that the home you live in now won’t be yours forever.
As a result, many homeowners wonder what they can do to ensure their home will have a high resale value when the time comes to move on.
The good news is that there are a lot of things you can do now that will give you a good return on investment when it comes to selling your home later. However, there are a few factors that affect a home’s valuation that are out of your control. We’ll talk about all of those factors below. So, read on for a list of the factors that affect your home’s resale value.
The age of your home
Your house may not complain about it, but it isn’t getting any younger. Homes tend to slowly decrease in value over time. A home built in the late 1970s, even if it’s well taken care of, most likely won’t sell for the same price as a 15-year-old home.
There is one exception to the rule, however, and that is historical houses. Homes that are a century old can sell for top dollar because of the craftsmanship and history that the house contains.
Admittedly, this is a niche market, as many people just want a safe and efficient home to live in. However, there are some homebuyers who will put in a bit of extra work around the house for the chance to live inside of a piece of history.
When you’re upgrading your house it’s important to remember how that upgrade will pay off years down the road. Some renovations will almost always give a good return on investment such as a finished basement or attic and improving efficiency via added insulation or replacing windows.
Renovations that match a very specific decorative taste or style could come back to haunt you. This includes bathroom sinks, kitchen cabinets, countertops, and other expensive projects that are subject to the next owner’s taste. While these upgrades can give a good return on your investment, they’re more likely to be successful if they fit the current trends of style and craftsmanship.
Neighborhood and town
One of the factors of home valuation that you have little control over is the town and neighborhood the house is located in. If there are closed down businesses, foreclosed and deteriorating homes then potential buyers might be turned off to the neighborhood.
Similarly, the town you live in has a lot to do with how much people are willing to spend. If you have easy access to interstate highways and large cities, highly rated schools, and good local infrastructure, then buyers are likely to take these into consideration when making an offer, as the average cost of a home in your town is likely higher than some surrounding towns.
Middleboro, MA 02346
Safety CheckBefore you ride your bike, it's good to perform a basic safety check in your driveway before leaving your home. You'll want to check:
- tires, to see if they're properly inflated, have enough tread, and don't have any cracks
- brakes, to see if both the front and rear brakes work properly and that they're touching the rims when pressed
- chain and shifters, to make sure the chain is lubricated and that the shifters are functioning correctly
Cleaning and lubricationCleaning your bicycle regularly isn't just a matter of aesthetics. A clean bike is a safe bike and the process of cleaning helps you discover any potential issues with the bicycle. On a monthly basis, clean the frame and rims of your bike with a cloth. Look for any cracks in the frame, loose bolts or screws on any of the mechanisms. Cleaning and lubricating the chain of your bike will significantly increase its lifespan and will prevent your chain from malfunctioning when you're out on a ride. First, turn your bike upside down so that it is balanced on the sea and handlebars. Wipe off the grime that has built up on the chain with a rag. If necessary, use a degreaser and a small brush to scrub any remaining residue from between the links, then wipe down the chain once more. Apply a drop of chain lubricant to each chain link while you rotate the pedals. While you have the lubricant out, also be sure to apply a small amount to the brake levers an derailleurs (the part that moves the chain onto the different sized sprockets to change gears). Also lubricate the brake cables and gear cables to make sure they can move freely and do not freeze up.
Repairs and replacementSometimes, in spite of proper care and maintenance you're going to beed to make some repairs to your bicycle. The most common fixes you'll need to make are changing flat tires and replacing worn brake pads, and chain issues like a skipping link. Depending on your bicycle, you can often find tutorials online that will help you find the tools you need to make these repairs from home. Otherwise, you could always give business to your local bike shop.
Taunton, MA 02780
Many people consider building some type of outdoor space to add to their home. There’s nothing better than being able to enjoy nature right from the comfort of your own home. The outdoors become an extension of your home when you build these spaces. A deck is one of the simplest ways that you can add something to the house and be able to make use of outdoor spaces at the same time. The important thing to know is that a deck is an investment. Before you decide to add a deck to your home, you’ll need a budget in place as you don’t want any home improvement project to become financially overwhelming. With that budget, keep the returns you could make along the way in mind
Really, adding a deck to a home is about buyer appeal. It probably goes without saying that a deck is something that can add a lot to a home and add to the overall value of your home in the case that you are looking to sell it in the near future. The best improvements that you can make to a home are in fact those that add value. It’s estimated that the return you’ll get on building a deck is about 65-90%. The bottom line is that the investment of building a deck does add to both the monetary value and the pleasure of a owning home.
Consider The Area You Live In
Obviously the region or state that you live in has a big impact on just how much value a deck can add to a home. Especially in nicer climates, a deck will be great for just about any neighborhood. In regards to area, you should also think of the construction costs. Some areas will be more expensive than others to build in, but the overall investment could be worth it for the region.
How Will You Build It
The amount of return that you get from a deck depends upon how you build it. If you’re a DIY homeowner, you’ll get the most return by far. If you hire a contractor, the return will be less, but you may avoid hiccups in the building of the deck itself. The more complicated you make the deck, the more it will cost. These extras don’t necessarily mean that you’ll get as much of a return as you’d expect.
Focus On Your Needs
No matter what you decide, building a deck has to match your own personal preferences. You want to make the most use out of your new space with you and your family. Build a deck that works for you. Even if your goal is to add value to your home, you don’t want to undertake a project that you don’t love in the end. Keep all of this in mind when you build your deck, or any other outdoor space in your home and you’ll be able to enjoy your home in bliss.