Top 5 Outdoor Projects with Biggest Return on Investment (ROI)

 

 In Real Estate, a good first impression is key. ⁠
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If the outside of a house looks welcoming, more people will want to come in and see it. Here are the top 5 outdoor features that have the Best Return on Investment (ROI)!⁠
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1) Standard Lawn Care Service ⁠
2) Overall Landscape Upgrade⁠
3) Outdoor Kitchen⁠
4) New Patio⁠
5) New Wood Deck⁠
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Your Real Estate Agent helps you by giving advice on what you may want to prioritize, finding easy fixes that make a big difference, knowing what buyers in your area like, and showing off your updates in your listing.⁠
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Let’s connect so you have expert advice on what’ll have the biggest impact in your area. Message us @ SHEA PREFERRED REALTY GROUP #returnofinvestment #roi #outdoorprojects #homeselling

Buyers are Hungry for Your Home

1. Here’s who They’re Targeting:

Babyboomers own 28% of large homes (despite being empty nesters) while Millennials with children own only 14%.

If you’re considering downsizing, this could be golden news for you.

The reality is, a significant chunk of our market is hungry for the kind of home you may be thinking of saying goodbye to. With that in mind, here are three more ways to make downsizing work given the real estate landscape in our market…

 

2. Utilize Digital Storage

Now’s the time to digitize those important documents, photos, and other sentimental items to save physical space. Invest in external hard drives or cloud storage (like Google Drive or DropBox) to store digital files securely. And if you’re not sure how to do it yourself, services like LegacyBox or EverPresent can help.

 

3. Trade in your Furniture

Trade the oversized furniture for slim and multi-functional .Choose furniture that serves multiple purposes to maximize your new space. Look for sofa beds, folding tables, and modular storage solutions that can serve multiple functions.

 

4. Toss the Kitchen “fluff”

There’s no better place to free up some serious space than in the kitchen. Do you need a breakfast sandwich maker, a cake-pop maker, two Instapots, and a backup air fryer? Take a no-nonsense look at your gadgets and appliances, and only keep the ones you use most.

 

Outdoor Projects Can Boost Curb Appeal When You Sell

Some Highlights

  • In real estate, a good first impression is key. If the outside of a house looks welcoming, more people will want to come in and see it.
  • Your agent helps you by giving advice on what you may want to prioritize, finding easy fixes that make a big difference, knowing what buyers in your area like, and showing off your updates in your listing.
  • Let’s connect so you have expert advice on what’ll have the biggest impact in our area. 

Follow My Listing Prep Checklist

1. Cleaning Police

Dust and wipe down every surface, corner, hidden nook, blind and fan. Invest in a steam cleaner. The before and after may shock you but, from personal experience, the satisfaction is unparalleled.

2. De-Cluttering Dynamo

Bulky furniture or too many personal items can make a home appear smaller than it really is. Consider temporarily renting a storage unit for any excess belongings.

3. Handyman Hero

Tighten the leaky faucet, fix the squeaky door hinge, and paint the spot on the ceiling. The fewer issues a buyer can spot, the more appealing your home will be.

4. Exterior Achiever

Crisp and clean windows, a manicured lawn, fresh mulch, and a few pops of seasonal flowers go a long way for our first impression!

5. Staging Magician

Staging has been shown to increase a home’s sale price by 1-5% and decrease the time it spends on the market. (Say less!) We’ll hire the pros for this and watch their magic unfold before our eyes.

The Spring Market is a Sweet Spot Today if You’re Looking to Sell

 

Some Highlights

  • Wondering if now’s a good time to sell your house? Based on how many homes are on the market, there are two big reasons why this spring is looking so good for sellers.
  • Thanks to an uptick in inventory over last year, you’ve got more options for your next home. But there are still fewer homes for sale than there’d normally be, meaning your house should stand out and get a lot of attention from buyers.
  • If you want to sell your house, this spring is the sweet spot. When you’re ready, let’s chat to get the ball rolling.

Quick, Quicker, Quickest Way to Sell Your Home

1. Option 1: Quick

✓ List your property at a fair price.

✓ Be strategic in evaluating offers. The highest bid isn’t always the safest choice.

✓ Seek strong terms: more earnest money, pre-approvals, and a flexible closing date.

Don’t risk falling out of escrow. Let an experienced agent navigate the deal-making process.

 

2. Option 2: Quicker

✓ Employ the ‘low-price-high-interest’ approach.

✓ Set an enticing price to attract immediate interest.

✓ Ensure your agent markets the property effectively to avoid buyer suspicion.

The goal is to intrigue, not cast doubt.

 

3. Option 3: Quickest

✓ Explore a cash offer from an investor.

✓ Know going in it will be less than market value.

✓ Close in just days with no showings, repairs, or appraisal.

CHECK OPEN HOUSES IN ENCANTERRA LIVING APP & FOR ALL THINGS ENCANTERRA!

Did you know that with the Encanterra Living app, you can do more than just connect with trusted trade partners? 
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You can also browse homes listed in the MLS, including those right here at Encanterra! 
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Stay in the know about real estate opportunities in our community and receive alerts for upcoming open houses and more.
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Don’t miss out on this valuable resource – download the Encancterra Living app today!
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Scan the QR code or find us in the App Store.

Home Equity Can Be a Game Changer When You Sell

Are you on the fence about selling your house? While affordability is improving this year, it’s still tight. And that may be on your mind. But understanding your home equity could be the key to making your decision easier. An article from Bankrate explains:

“Home equity is the difference between your home’s value and the amount you still owe on your mortgage. It represents the paid-off portion of your home.

You’ll start off with a certain level of equity when you make your down payment to buy the home, then continue to build equity as you pay down your mortgage. You’ll also build equity over time as your home’s value increases.”

Think of equity as a simple math equation. It’s the value of your home now minus what you owe on your mortgage. And guess what? Recently, your equity has probably grown more than you think.

In the past few years, home prices skyrocketed, which means your home’s value – and your equity – likely shot up, too. So, you may have more equity than you realize.

How To Make the Most of Your Home Equity Right Now

If you’re thinking about moving, the equity you have in your home could be a big help. According to CoreLogic:

“. . . the average U.S. homeowner with a mortgage still has more than $300,000 in equity . . .”

Clearly, homeowners have a lot of equity right now. And the latest data from the Census and ATTOM shows over two-thirds of homeowners have either completely paid off their mortgages (shown in green in the chart below) or have at least 50% equity (shown in blue in the chart below):

 

That means roughly 70% have a tremendous amount of equity right now.

After you sell your house, you can use your equity to help you buy your next home. Here’s how:

  • Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy your next home without having to take out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates. Investopedia states:

“You may want to pay cash for your home if you’re shopping in a competitive housing market, or if you’d like to save money on mortgage interest. It could help you close a deal and beat out other buyers.”

  • Make a larger down payment: Your equity could also be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much money. The Mortgage Reports explains:

“Borrowers who put down more money typically receive better interest rates from lenders. This is due to the fact that a larger down payment lowers the lender’s risk because the borrower has more equity in the home from the beginning.”

The Easy Way To Find Out How Much Equity You Have

To find out how much equity you have in your home, ask a real estate agent you trust for a Professional Equity Assessment Report (PEAR). 

Bottom Line

Planning a move? Your home equity can really help you out. Let’s connect to see how much equity you have and how it can help with your next home. Message us anytime @ SHEA PREFERRED REALTY GROUP

Boost Your Curb Appeal

 

Watch our Video Here!

Boosting your curb appeal goes beyond the basics! Elevate your outdoor game with these three additions:

Illuminate Walkways: Impress potential buyers with ambient outdoor lighting. (Pro tip: Solar lights are a game-changer.)

Upgrade Porch Lights: Swap out outdated lights for a fresh, modern look. It’s a quick, easy DIY project.

Outdoor Pillows for Seating: Create a dreamy outdoor space that buyers can envision themselves enjoying.
Ready to enhance your home’s appeal? Drop a comment if you have any other tips. 

 

Ben Leeson and TJ Kelley

Arizona Experience Realty Group Resale Broker for the SHEA Preferred Program

480-677-8170

Info@ENCBrokers.com

 

36460 N Encanterra Drive Queen Creek, AZ 85140