Real Estate Information Archive

Blog

Displaying blog entries 1-6 of 6

Should You Do Home Upgrades Now ... or Right Before You Sell?

by Amy McLeod Group


Home sellers are often told to make upgrades to their house before they sell ... but when is the best time to get those home improvements underway, in terms of scoring the best ROI?

It's a tough balance to strike. After all, the sooner you remodel your kitchen or retile the bathroom, the more you'll get to enjoy it all yourself. But if you make those improvements too long before you sell, you risk them looking run-down and outdated by the time you want to market your home. So, when's the right time to give the green light?

If you're agonizing over such questions, we can end your misery now—in a good way! Here’s how far in advance of listing your home you should do certain home improvements, so they'll still look fresh enough to fetch top dollar.

7 to 10 years out

Well, you’re quite a planner, aren’t you? That’s cool … we’ll play the long game with you. Here are upgrades you can safely undertake when you still have significant time until your sale.

1. Redo your landscaping

This is truly one of the few housing projects that gets better with age, since shrubs and trees only improve as they mature. And, bonus: It's likely that it will never look dated, says Lisa Shiroff of Leafy Green Landscaping in Buena, NJ. However, she cautions, think twice about unique or difficult-to-maintain items if you are concerned with resale value—we’re talking elements like a meditation nook, bocce ball court, or koi pond.

“Most people are not willing to invest the time, energy, or finances to maintain those areas, so keep your additions relatively mainstream and user-friendly,” Shiroff says.

2. Update the garage door

Believe it or not, updating your garage door is the top upgrade you can make in terms of return on investment.

“Curb appeal is key when you’re getting ready to sell your home, and garage doors can dramatically improve the look of your home,” says Matt Edstrom of GoodLife Home Loans in Laguna Hills, CA. Since garage doors can last for up to 40 years, this is an update you can enjoy right now, without worrying about taking a depreciation hit.

3. Replace your roof

If your roof is more than 20 years old and you plan on selling, you may want to replace it, suggests Taylor Willson, owner of Willson Home Inspection Inc. in Tampa, FL. For one thing, you may receive immediate savings from your insurance company, he says, and beyond that, “A newer roof is a great selling point.” Choose a hardy material, like concrete tiles or asphalt shingles, that have a long useful life.

4. Keep up on repairs

Repairs should have a permanent spot on your “to do” list. If it’s broke, then, yes, please fix it.

“Don’t put off repairs while you wait for the optimum time,” says Cristina Miguélez, remodeling specialist at Fixr.com. “They help your home retain value and can keep a small problem from becoming exponentially bigger.”

5 years out

This is a good time to start thinking about big-ticket items that will affect your resale and that you won’t want to pay for all at once. Here are some to consider.

1. Replace major systems

We’re talking HVAC systems, plumbing … anything whose average life expectancy is relatively long, and where you want your listing to showcase that these key systems are less than five years old. Replacing them now allows you to enjoy the improved operation and potential energy savings, while avoiding a concession in the sale price when the time comes, Willson says.

2. Check on anything with a warranty

This is also a good time to do a check on any items that have a current warranty—such as windows and appliances—while they are still covered, suggests Frances Dawson, with Re/Max Executive at the Lake in Cornelius, NC.

3. Switch out your front door

Another important element of “curb appeal,” your front door can really make your house pop, says Edstrom, as well as potentially increase your energy efficiency. Front doors can last for decades, but they are also exposed to the elements, so this is a good time frame to allow you to enjoy the aesthetics and energy savings, without running the risk that it will look too weathered come sales time.

2 years out

Two years is nothing in a home’s history, so it’s time to really start getting serious. Here’s what to do to start prepping for a relatively imminent sale.

 1. Reno the kitchen or bathroom

This can be subjective, but you’re probably safe doing an overhaul in this time frame if you are hoping to get some personal enjoyment out of your updates. Miguélez suggests, however, that you pick your decor carefully to avoid being stuck with an upgrade that’s already dated.

"A ‘trend’ is something that’s predicted to last roughly 10 years, so your safest best is to find a look that’s been on the upswing for roughly two to three years," Miguélez explains. "That means it will look relevant for a while, rather than something that is already five years old and potentially nearing its expiration date.”

Dawson recommends seeking the opinion of a local real estate agent, who can steer you to cost-effective updates that will increase the value of your home without over-improving it. And, she says, beware of DIY.

“If you don't have extensive prior experience, hiring a professional is going to be cheaper in the long run, because the DIY look is unappealing to your potential buyer.”

2. Get to organizing

This is also a good time to start cleaning out storage areas, closets, cabinets, the garage, the attic—anyplace you have an accumulation of stuff, Dawson says. Your future self will thank you for getting this time-consuming project out of the way now.

3. Have a home inspection

Very few sellers do this, but it’s smart to have your home professionally inspected right about now, so you won’t run into any nasty surprises when selling time rolls around.

“It is always less expensive to repair items before you get into negotiations with a buyer,” Dawson points out.

1 year or less

It’s crunch time, and now is the time to attend to all the high-traffic areas, as well as make improvements that will freshen up your listing.

1. Redo flooring

Pets and kids can scratch up your floors quickly, so wait as long as you can before refinishing floors. Replace carpet, too, if it’s dingy, and especially if it has pet odors.

2. Roll on a fresh coat of paint

Walls get dinged up constantly, so painting right before putting your house on the market can really make it sparkle. It’s also a quick job that you can get done in a week or two.

3. Replace all your accessory items

These are things like bedding, throw pillows, chair cushions, patio furniture, shower curtains, plumbing fixtures, cabinet pulls—all the embellishments that provide the “lipstick” for the foundational elements.  Shop those sales and switch out everything you can, Dawson recommends.

“You want the house to shine like a new penny, not appear to be well-loved," she says.

Thinking about selling your home? Contact The McLeod Group Network to find out how much your current home is worth! 971.208.5093 or admin@mgnrealtors.com

By: Realtor.com, Cathie Ericson

With Inventory Low: Will Your Dream Home Need Some TLC?

by Amy McLeod Group


According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value!

Realtor.com’s Chief Economist, Danielle Hale, pointed to low-inventory at the entry-level price range for the increase in willingness to renovate.

“The combination of rising home prices and limited entry-level homes for sale is prompting many home shoppers to consider homes that need renovating.

Replete with inspiration at their fingertips – like Pinterest, Instagram, and various home renovation TV shows – some home shoppers are comfortable tackling home renovation jobs to find a home that balances their needs with their budget.”

Just over half of all respondents who said they would be willing to buy a home in need of some TLC, would also spend more $20,000 to make the home fit their needs.

The most common ‘expected’ renovation is a kitchen remodel which can run anywhere from $22,000 for a minor remodel to $66,000 for a major remodel.

This isn’t a new trend by any means. According to the Joint Center for Housing Studies at Harvard University,home improvement project spending reached a new high in 2018.

“Americans spent $336.9 billion on remodeling projects, up 7.4% from the $313.6 billion a year earlier.”

Home renovation television shows have given many buyers hope that they could renovate a home they can afford into their dream home!

Bottom Line

If you are one of the many Americans considering buying a home this spring, let’s get together to help you find a house with the potential to be your dream home! 971.208.5093 or admin@mgnrealtors.com 

By: KCM Crew


New year, new home renovations? Whether you're getting ready to transform your entire kitchen into a farmhouse-chic dream (hello, shiplap and apron sink!) or maybe just to add some new wood floor for the foyer, it pays to know what kind of return on investment your home renovation might deliver. According to Remodeling magazine's annual Cost vs. Value report, not all home remodeling projects deliver the same bang for the buck. Far from it, in fact.

So which projects give you the biggest return on investment these days? This year (like last), the No. 1 finisher was garage-door replacement. While not as fabulous as a full-kitchen remodel, this project essentially pays for itself, earning you a whopping 97.5% of your money back.

For this report, now in its 32nd year, researchers analyzed 22 popular home improvements in 136 markets nationwide. The magazine polled contractors on how much they charge for these jobs, as well as real estate agents on how much they think these features would boost a home's market price. They then used those figures to calculate what percentage of its cost each project might recoup—or not.

As it turns out, the price of a few key projects skyrocketed from the last year, while their value dropped, says Clayton DeKorne, chief editor of the JLC Group (which includes Remodeling magazine) and manager of the report. In other words, Americans might spend more on certain renovations and get back a lot less of the money they spent.

So what's going on?

According to DeKorne, President Donald Trump's new import tariffs on steel, lumber, and other building materials are destined to jack up renovation costs all round, leading to thinner margins on their return. Plus, as the housing market wobbles towards a peak in market prices, homeowners are less likely to renovate their homes, and real estate professionals predict that the renovation market will tighten.

"The economy is a little chaotic right now, and homeowners are holding their breath," says DeKorne. "People are very cautious to enter the market, which affects the willingness [of] people [to] pay for projects big and small."

Overall, the report found that in 2019, Americans should expect to make back 66.1% of the money they spend on renovations—a slight bump from last year's 65.8%.

And the report found that for some projects, the ROI is really worth it, especially those improvements that the whole neighborhood can see—in front of your house.

"The primary points of the evidence show us that curb appeal projects add to overall value of the house more than interior projects," DeKorne notes. "It's all about first impressions."

The chart below gives a full rundown of the top renovations, including how much they cost, their value at resale, and the percentage that can be recouped. After garage doors, the top finisher was manufactured stone veneer, with a 94.9% return on investment. Glamorous? No. Valuable? You bet.

A new project on the list this year speaks to another decidedly unsexy but invaluable trend: installing metal roofing. Compared with asphalt shingles, metal roofing costs significantly more, but offers much greater durability. And while metal roofs only yield a 60.9% ROI, DeKorne predicts their value will increase.

"This is the first year we've included metal roofing, and it's gotten a lot of interest," he says. "It's more expensive, but you'll get a better value over time than a common asphalt roof."

And if you're absolutely dying to renovate something indoors this year, DeKorne suggests keeping it in the kitchen. While most of the projects with the highest returns are exterior replacements, a minor kitchen repair cracks the top 10, with an 80.5% recoup.

"When buyers are looking at a house, they want to know the kitchen is something they can live with," says DeKorne.


A look at return on investment for popular home renovations.

Remodeling magazine

A look at return on investment for popular home renovations.

Contact The McLeod Group Network for all your Real Estate needs! 971.208.5093 or admin@mgnrealtors.com

By: Realtor.com, Allison Underhill 


Painting appliances is one of the best ways to update your kitchen without having to take on an expensive renovation. Like painting exposed bricks or a bathtub, putting on a fresh coat of appliance paint can make your hardworking machines look brand-new. But before you grab a paintbrush, here's what you need to know.

Appliance paint is different

You can achieve professional-looking results by painting your appliances yourself. However, this is not the time to use up that extra wall paint in those rusty cans in your garage. Appliance paint is specially formulated for metal surfaces and for the kind of extra-tough wear and tear to which appliances are subjected.


Refrigerator painted with white appliance paint- 
Rust-Oleum

Types of appliances that can be painted

The type of appliance you’re painting will determine which type of appliance paint you should get.

“Appliance paint is available in heat-resistant finishes, which would work best for your appliances that get warm over an extended period of time,” according to Amy Davis, a franchise consultant for Five Star Painting.

In fact, you should use only high-heat paint on your stove, oven, or toaster—but avoid painting the actual heat coils.

"Spray paint should not be used on any surface that comes in direct contact with food, as our paint is not tested for food safety,” says Melinda Childress, product marketing manager at Sherwin-Williams.

For appliances like the refrigerator or dishwasher that can get wet, you'll achieve the best results by choosing a moisture-resistant appliance paint.


White refrigerator painted with stainless steel appliance paint - Giani 

Choosing the right appliance paint

Rust-Oleum, Krylon, and Giani are three popular household appliance paint brands. Rust-Oleum and Krylon are both available in black, white, almond, and bisque/biscuit colors. And Giani offers Liquid Stainless Steel, a DIY kit that allows you to give your boring, outdated appliances the sleek, luxurious look of stainless steel.

Davis recommends spray paints because they are easy to use on appliances.

Prepping appliances for painting

To achieve professional-looking results, you’ll need to adhere to tried-and-true pre-painting rituals.

“A thorough cleaning will be the No.1 prep step for most appliances, since they are subject to fingerprints, grease, and food residue,” says Childress.

If the appliance is old and has traces of rust, she recommends sanding the rust to remove it before you start painting.

A lot of people try to skip the cleaning and sanding steps, but if you don’t remove grime and other residue, the paint won’t adhere to your appliances.

“You should also unplug the appliance, and remove or cover all the hardware and handles,” Davis says.

When you start painting

The best way to avoid a mishap is to follow the manufacturer's instructions on the product you're using.

To avoid inhaling paint fumes, don't paint your appliances indoors. Instead, paint outdoors or in a well-ventilated garage.

Also, it’s best to have everything that you need on hand before you start on your project.

You'll need the following tools and materials, according to Ami Gruenenfelder at the Giani paint company:

  • Painters tape
  • Paint roller tray (unless youre using spray paint)
  • Phillips head screwdriver (for detaching handles)
  • Fine #600 grit sandpaper (for sanding any accidental drips)
  • Water-based plastic primer (any plastic areas must be primed prior to using appliance paint)

Contact The McLeod Group Network for all your Real Estate needs! 971.208.5093 or admin@mgnrealtors.com. 

By: Realtor.com, Terri Williams

Embarrassed by Your Kitchen? Try These Cheap, Fast Fixes

by Amy McLeod Group

It's the most wonderful time of the year, and nothing can bring you down—except, of course, a kitchen that's too small, too dated, too messy, or otherwise not fit to be seen by others (or on Instagram).

If your lackluster kitchen has you reluctant to host holiday festivities in your home, you're not alone. Home shame is real, and according to one survey of 1,000 homeowners, 61% of adults in the United States have admitted to not inviting guests into their home because they're embarrassed of what lies inside.

But you don't have to sit out from the hosting rotation this holiday season. We asked the experts for quick and easy solutions to your biggest kitchen problems, and their answers will have you sending out invites in no time.

Scuffed counters

Your kitchen counters are going to get a lot of attention during your holiday gathering—after all, that's where you're going to lay out that delicious spread, right? So what are you to do if yours are scratched, scuffed, or bear the marks of a few unfortunately hot pots and pans?

Interior designer Mikel Welch, of HGTV's "Design Star" and TLC's "Trading Spaces," says the fix is easier than you might think—and it doesn't involve installing new counters.

"As an on-camera designer, I often have to mask and camouflage things to look 'camera ready,'" says Welch. "You can do the same thing in your kitchen by creating a vignette of holiday decor nestled right over the top of any countertop imperfections."

Dated cabinets

Your cabinets may be straight out of the 1960s, but it's not the end of the world. Your best option, according to Sherwin-Williams director of product information Rick Watson, is to paint your cabinets.

"Paint is a great, affordable way to refresh old cabinets," he says. "It helps to cover up imperfections and stains, and you can choose from thousands of colors. However, if you want a professional, lasting finish, it requires a lot of prep work."

If you don't have time to remove cabinet doors, sand, and paint, you're not out of options.

"For a simpler update, adding new cabinet hardware can help bring them back to life," says Build.com's in-house interior designer, Lauren O’Donnell, from Chico, CA. "I often see cabinets without hardware, and I always see that as a easy opportunity to add a little flair."

Botched backsplash

A backsplash is supposed to catch the eye, but what if yours draws the eye right to a mislaid or missing tile?

"Counter backsplash can make or break a kitchen," Welch says. "Try a peel-and-stick backsplash applied directly over your botched backsplash job. There’s no grout, spaces or level needed."

For an even simpler solution, designer Susan Serra, president of Susan Serra Associates in Northport, NY, says you can always just hide those embarrassing spots on your backsplash.

"My favorite trick is to put out a decorative item or a small appliance to block the offending area," she says.

Mismatched appliances

It's not often that all your appliances stop working all at the same time, so there's a good chance the ones in your kitchen don't exactly match. If they're really different—completely different colors, for example—Welch says there's no need to purchase new ones just to make them harmonize.

"You can easily fix this problem with stainless steel contact paper that can be cut and affixed to your appliances in a jiffy," says Welch. "Within two hours, all of your family hand-me-down appliances will look like they just rolled in off a delivery truck."

Worn or cracked vinyl flooring

Redoing floors is a major expense, especially with the holidays right around the corner. But even if your floors leave a lot to be desired, you don't have to rush into a major construction job.

"If your vinyl floors are cracking, chances are the flooring is old. Which probably means the pattern is dated as well. Give new life to your floor by covering it up with peel-and-stick wood-plank vinyl floors," suggests Welch.

Lack of counter space

For some homeowners, the scariest part of holiday hosting is trying to find a place to set out all the food. Designer Leslie Saul, president of Leslie Saul & Associates, says this problem can be solved with a quick online shopping spree.

"Wayfair has many rolling islands that add counter space and can store things that you used to keep on the counter," she says, adding that this one purchase extends your counter space in two ways—by adding more surface area, and by giving you a place to store some of the clutter on your existing counters.

Scratched-up sink

White kitchen sinks are gorgeous—at least, until you use them a few times. After you've washed a few loads of dishes, they start to look scratched, stained, and a lot less attractive. But they don't have to stay that way.

"If sink stains and scratches are a problem, then you need to head down to your local hardware store and pay the paint aisle a visit," says Welch. "There are several easy to apply tub paints and tile refinishing kits that will have your sink Martha Stewart-ready in a quick weekend."

Lauren McKinney, director of marketing at Judd Builders in Asheville, NC, had an even easier solution. "Buy stainless steel grids to hide scratches and stains, if they're only on the bottom of the sink," she suggests.

Scratched table

The last thing you want to do is have friends and family sit around a scratched-up old table for the big meal. DIY expert and blogger at Heathered NestHeather Thibodeau, has a simple solution you might not have thought of.

"Grab some crayons! Yep. Crayons work great in a pinch for covering scuffs, chips and dings in furniture," she says.

If you're not comfortable turning your table into a coloring project, McKinney suggests adding a tablecloth—it's a perfect opportunity to both hide the imperfections and add a touch of holiday cheer.

Let the McLeod Group Network help you find a home with the kitchen of your dreams! Contact us today - 971.208.5093 or admin@mgnrealtors.com.

By: Realtor.com, Whitney Coy

8 'Valuable' Home Features That May Be a Big Waste of Cash

by Amy McLeod Group

No one likes to overpay for a purchase, and this is particularly true when buying a home. After all, every square foot of space or block closer to a top school will cost you big-time!

So if you're a thrifty soul who must make every home-buying dollar count, check out these home features that often inspire sellers to jack up their price. That's fine if you truly want these things, but if not? You're wasting your money.

1. A huge yard you rarely enjoy

A sprawling green lawn may have a certain curb appeal at first sight. And if you have kids or plan to spend a lot of time outdoors, it's a fine feature to splurge on. But if you doubt anyone will be out there much, you're just tossing money out the window.

It turns out sellers charge a premium for that patch of grass, and you'll funnel even more money going forward on lawn maintenance (or else spend your weekends mowing, weeding, and pruning the yard).

"It could end up just costing you a lot of money to maintain, even though it’s not being enjoyed," says Tim Bakke, director of publishing at the Plan Collective, a website that provides house plans.

2. A short commute you won't use

If you work from home, commute at off-hours, work in the suburbs, or are retired, don't pay extra to buy a house near mass transit, or within easy driving distance of major office areas—those are homes that regular commuters might covet, prompting sellers to charge up the wazoo.

"Homes closer to major commerce centers cost quite a bit more than homes in outlying or suburban areas," says real estate agent Jamie Klingman at Boutiquerealtyflorida.com.

Is this an important factor to you? If not, consider a home that's a bit farther out to save cash.

3. A top school district when you don't have kids

A home zoned for a great public school will always command top dollar on the open market.

"And you'll also pay for this through your taxes," says Bakke.

However, if you don't have (or plan to have) kids, why empty your wallet to send someone else's child to school? Look for homes just outside the district to save on purchase price and property taxes.

4. A single-story house when you're fine with stairs

In many locations, homes all on the same level command a higher dollar value because the boomer generation prefers them when downsizing, says Jen Nelson, an agent in Phoenix.

If you can handle going up a flight of stairs or two, consider a two-story house to get more bang for your buck. (Another bonus? A smaller roof to replace when the time comes.)

5. A bigger house than you truly need

Very often buyers purchase a home that's way bigger than they actually need.

"People end up with too much house and not even using the rooms they have," says Pat Vosburgh, a certified real estate negotiation expert at Vosburghandvosburgh.com.

Since a purchase price directly reflects things like size, why overpay for bedrooms or media rooms you won't use—and have to heat, cool, furnish, and clean? Instead, protect your bank account by looking only for homes that reflect how much space you'll actually use.

6. A hot neighborhood

A hip neighborhood that everyone's buzzing about can send home prices soaring. But getting caught up in the hype and overspending in an area where prices haven't quite gelled yet can be a risky proposition where you end up (you guessed it) overpaying. Buy homes only in new areas that are still a relative bargain.

7. Fancy amenities you won't use

Here's a reality check: If you don’t drink wine regularly, you don’t need a wine refrigerator—or to pay for a house with one, either.

"A six-car, air-conditioned garage or a built-in commercial pizza oven may appeal to a specific buyer," says Bruce Ailion of Atlanta's Re/Max Town and Country. But such premium upgrades and add-ons will send a purchase price north, so you'd better make sure you use whatever you buy, often.

This is especially true when you buy a condo or a home in a planned community, since you'll have to consider the monthly condo or HOA fees you'll be paying as part of your purchase price. Make no mistake, those fees are for amenities—think a gym or lounge—so if you don't plan to take advantage of these features, you're squandering your money.

8. The nicest house in the neighborhood

It may be tempting to snag the home with the biggest price tag in a certain ZIP code for bragging rights. "But you never want to buy the most expensive home in the neighborhood," says Vosburgh.

While it might be fun to know your casa is the area’s castle, having the top comp in a neighborhood may become an issue when it comes time to sell. This scenario leaves little room for your home's price to appreciate, so you may not be able to recoup what you paid. So unless you're truly smitten with this home, buyer beware.

Contact the expert's on The McLeod Group Network for all your Real Estate needs! 971.208.5093 or admin@mgnrealtors.com.

By: Realtor.com, Margaret Heidenry 

Displaying blog entries 1-6 of 6

Share This Page

Contact Information

Photo of The McLeod Group Network Real Estate
The McLeod Group Network
Keller Williams Capital City
1900 Hines St SE #220
Salem OR 97302
971-208-5093
Fax: 971-599-5229

**Disclaimer: Amy McLeod, and her team, do not initiate, process, or service mortgages.  And provide this information only as a service.  You should confirm information here with your Licensed Mortgage Lender.