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Archive for the ‘Real Estate Value’ Category

The bathroom is an important part of a home and when your house is ready to hit the real estate market you don’t want to take a hit on your selling price because you missed the boat and have the 1960′s bathroom that “works” for your lifestyle. Remodel your bathroom and take advantage of a boost in real estate value that comes with a remodel project. Bathroom renovation contractors can help with ideas and tips for increasing the value of your home.

Real Estate professionals say that a home without a bathtub will usually sell for 000 less than a home of equal value with a bathtub. Maybe a shower has always worked for your lifestyle and sacrificing some space in your bathroom hasn’t been worth installing a bathtub. Now it’s time to sell and when your home is hitting the market you should consider the costs of adding a bathtub so you don’t lose a potential 000 on the sale of your home.

Take this quote from a professional real estate agent at face value but don’t ignore it, thinking it won’t happen to your home “I had a listing with 3 baths – one on each floor but no tubs. The sellers had the condo built and since they didn’t care for baths, they only had showers put in. During open houses, people didn’t notice at first but when the light came on they would say ‘there’s no tub’.

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Increasing Real Estate Value by Renovation

If you are looking for a way to increase the value of your real estate property in the area of Vernal, Utah one good way would be through renovation. Although major renovation can approach the value of the property itself, making the right choices will cut your cost.

Renovating and updating your property is a good way to increase the value of your property. It never is a waste of money and your investment will always return to you, sometimes many times over. Your renovation expenses will pay for themselves when you sell your property.

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At the present moment, evidence that the American real estate market isn’t turning around in the near future are becoming more apparent. According to the polls, market prices in the US are at an all time low for 2011… all are happening for a number of reasons.Below are some of the huge reasons cited:Potential increase in interest ratesRecently, interest rates have been relatively low, so an increase would seem inevitable.

Essentially, interest rates and real estate value are opposites on a scale and whenever the rates increase utlimately results in a decline in real estate prices. However, regardless of this the banks will find an exit out. Cash paying investors are the true winners in today’s market simply because they waited patiently for this insane price drops.Strict lending policiesAll financial institutions will not have any other option when more real estate goes into foreclosure status, than to implement harsh lending policies.

This means that they will need higher qualifying credit reports plus scores; bigger down payments; more expensive insurance premiums; larger fees and considerably more to meet the guidelines for a mortgage nowadays. This results in a limit in the number of people who can buy homes and further affect any possibility of fully recovering collectively.Lots of foreclosuresIn 2011, there will be huge waves of ARMs (adjustable rate mortgages) coupled with interest rates set to go higher from the lower previous rates.

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According to Property Appraiser Ken Wilkinson, taxable real estate values in Cape Coral dropped 4.13 % over the past year.

This means a plunge of close to billion.

For long-term real estate investors, developers, and home buyers in the Cape Coral, FL area that’s great news. In 2006, Cape Coral taxable property value held at about .6 billion in 2006, while the most recent reports suggest that the value is now closer to .7 billion.

Wilkinson is quick to point out, however, that the numbers are a preliminary estimate only and that final figures will be released later this month.Taxable real estate values are used to help Cape Coral, Florida plan the budget for the city. The budget must be completed and approved by October 1. One reason why the taxable real estate values in this southwest Florida city are different this year may have to do with an increased in new construction in the area. Read the rest of this entry »

Introduction to the IdeaThe Real Estate Market turmoil in the last few years can very much be credited to the misinterpretation of real estate values. In 2004 and 2005 the Las Vegas residential market saw home sale price increases of 40% and 20% respectively. Many homeowners and investors took advantage of the huge increase in home equity either by selling their existing home and buying a larger home, or drawing out the equity they had in their home through a refinance. Homeowners and Buyers were happy to borrow this new found money for a number of reasons, all stemming from their misunderstanding of the fundamental rules that dictate value. There has never been a readily available universal rule for determining real estate values… until now.

The motivations behind the move to support a Base Value system were born by a need to redefine and solidify the understanding of real estate values, and to implement and maintain a universal system for evaluating a property’s value at its core so that tomorrow’s homeowners would avoid another real estate melt down. The definition is as follows:

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