2014 Cost vs Value Report: Remodel for the Biggest ROI

There are many great Denver area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (303) 523-4364 for a FREE home buying or selling consultation to answer any of your real estate questions.

2014 Cost vs Value Report: Remodel for the Biggest ROI

Today I'm here to present you with the 2014 Cost vs Value report which details the top remodeling projects you can do on your home for the biggest return on your investment. 

These projects, according to the data, will give you the best ROI in the Denver area:

• Attic bedroom remodel, with 95% of the cost recouped.
• Family room addition, with 87.6% of the cost recouped.
• A two story addition, where 89% of the cost is recouped.
• The addition of a wood deck will recoup 85% of the costs.
• Vinyl window replacements will recoup 82% of the costs.
• Minor kitchen remodels will fetch you a good return, with 83% of the costs being recouped.

Nationwide, some of the best projects in terms of ROI were: attic bedroom remodels, wooden decks, steel entry door replacements, garage door replacements, minor kitchen remodels, and wooden window replacements. All of these projects yielded at least a 79% recoup of costs involved.

When you're remodeling your home to make it more marketable or to get more money out of it, be sure to invest your money in projects that will increase the value of your home. If you're wondering how to do this, then please contact me or use this report for your own advantage. 

Although these projects were not mentioned above, kitchen and bathroom remodeling are usually among the best remodels you can choose to do on your home. Buyers like to see nice, updated kitchens and bathrooms, and new paint and flooring are usually among the top recommendations too.

So, if you need any assistance in planning a remodel or would just like to chat with me about real estate in Denver, then feel free to contact me at (303) 523-4364.

Booming Market: Capitalize on Low Inventory, Appreciation and New Home Construction!

There are many great Denver area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (303) 523-4364 for a FREE home buying or selling consultation to answer any of your real estate questions.

Booming Market: Capitalize on Low Inventory, Appreciation and New Home Construction!

A common question that my clients have been bringing up is whether or not they should buy now due to the current appreciating, seller’s market. My answer to them is always yes – when you combine the factors of low inventory, our booming economy, appreciation and active home builders, you create a perfect storm for investing.

Home builders spend millions of dollars investing in areas and neighborhoods; they don’t build with low expectations of their return. They also are building to make up for the lack of new inventory! You are also seeing new commercial buildings and small businesses rising up all over Colorado – it’s booming! However new construction is not the only category that is being effected by the low inventory. There are actually more homes under contract then there is available inventory!

Appreciation is huge; we are seeing homes in this market increase by 10-20% and the healthy market shows no sign of this stopping. We are in a supply and demand market, not an interest rate or false-lending driven market. Although interest rates are solidly sitting at 3.5%, we are really being pushed by the huge wave of appreciation. Now is the time to capitalize because there is no sign of it slowing down.
To slow appreciation down, more homes will need to come onto the market and that will take time. If more homes come onto the market, it will take time for those homes to sell; this means appreciation will continue! You also don’t to invest in any house in any neighborhood. Be sure to keep location of the property, popularity of the area, and how long you intend to live there.

Your location is essential because you don’t want to face power lines, back up to a busy road or commercial buildings and you don’t want a small backyard with little practical space. You also want to live in a popular area like the Highlands, the Knolls or the Baker area in Denver. Those areas are appreciating quickly! Most investments work the best in the long-term, so duration is also essential. By planning out a 5-10 year plan, you will see amazing return! In fact, your house value should double every 15 years in Denver.

If you have any questions about finding a home or putting your home on the market, feel free to call me. I always look forward to our call being the best call of your day!