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A Mortgage Guy's Take on Adding Value to Your Home
Tue 17 Feb 2009 - 10:32
A Mortgage Guy's Take on Adding Value to Your Home
By [http://ezinearticles.com/?expert=Matt_M._Borkowski]Matt M. Borkowski
There is no doubt most of us have changed our attitudes and habits toward real estate. We all had our plans based upon the former real estate economy.
Now that it is history we have to change up a bit. Many of us, who thought our current home was a stepping stone, will likely be in this home for longer than we anticipated. And some of us will decide to drop some money into this home to make it more livable and hopefully add to its value.
So, who determines value? The market does. I was a realtor for a few years and I can tell you what people really desire and what appraisers view as the best possible upgrades to add value to the home.
Now, if you are really going to go all out there is nothing that adds value like additional square footage. However, if you live in an area where the cost to build extra room on to the home is greater than the actual value extra square feet don't do it.
And if you do add on make sure it is an addition that greatly enhances the aesthetic feel of the home. This way you get a double whammy. You get the additional square footage and a property more saleable than the next.
The next place to put your money is in the kitchen. Use materials that are in fashion, and don't go overboard. Believe me the next person that buys your home will not know you bought your cabinets at Home Depot.
An added tip regarding the kitchen.. If it is a bit confined make sure you open it up to a living area. In the modern era of home building architects design homes with open kitchens. Pre-1990's homes did not. If you can logistically and cheaply do so, it will be well worth it.
Of course, if you can upgrade the bathrooms do so. Most home buying decisions are made by women which is why the kitchen and bathrooms are so important.
Flooring is equally important. Wood floors will always be in. Tile varies from year to
year. Laminates come and go. But you can find wood floors from the thirties that can be refinished and be absolutely beautiful.
And right before you sell, make sure you paint with earthy tones. This is the cheapest most effective upgrade you can make.
Until you sell again, I bid you farewell...
If you have or wish to own a home anywhere near Austin and want the low down on home mortgage and refinance [http://www.austinmortgagefolks.com]click here . Additionally, [http://www.austinmortgagefolks.com/calculator.html?ORIGINALLOANAMOUNT=$0.00&ORIGINALTERM=30&ORIGINALTERM_UNITS=Years&LOANSTARTMONTH=2&LOANSTARTYEAR=2009&CURRENTRATE=0.000+&CASHOUT=$0.00&NEWRATE=0.000+&POINTS=0.000+&OTHERFEES=$0.00&NEWTERM=30&NEWTERM_UNITS=Years&TAXRATE=0.000+&RATEOFRETURN=0.000+&BALLOONTERM=0&BALLOONTERM_UNITS=Years&tvcCOMPUTE=COMPUTE&CURRENTCOMPOUNDING=6&NEWCOMPOUNDING=6&CALCULATORID=HF01&TEMPLATE_ID=http://www.austinmortgagefolks.com_1&PostBack=true]get a fantastic analysis to help Austin residents determine if they should refinance their mortgage .
Article Source: http://EzineArticles.com/?expert=Matt_M._Borkowski http://EzineArticles.com/?A-Mortgage-Guys-Take-on-Adding-Value-to-Your-Home&id=1976267
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