Ron Ouellette
RE/MAX Advantage I | 508-847-7111 | rono@remax.net


Posted by Ron Ouellette on 6/15/2017

There is a multitude of ways to increase your home’s value. And there are multiple reasons why one would want to increase their home’s value. You don’t have to be selling or thinking about selling to want to update your home. You may just want to update for the sake of updating. Take a look at the tips below for a few of the best renovations and updates to bring the most value to your home.

  1. Kitchen: Depending on the age of your kitchen, an entire remodel will bring the most value. Updated kitchens can sell the home itself. It’s the number one update homebuyers are looking for. Updating the cabinets, counters, appliances, and floor are all key bigger updates. Updating the paint and adding a backsplash will add style and again value. Small updates are a necessity including the faucet and lighting. For quicker and less expensive updates shop at discount stores and repurpose cabinets, if possible.
  1. Bathroom(s): Bathrooms are another important update for increasing your home’s value. They endure a lot of wear and tear with use multiple times a day. Small updates such as light fixtures and faucet(s) are short money for good value. A complete update will bring the most value but will dependent on the amount of space available. Adding a serene and luxurious feel to the master bathroom will be a great benefit to the value. Even making other bathrooms in the home more modern and spa like will greatly increase the value.
  1. Front Yard: The front yard is the first thing that anyone sees of your home. And your front yard can distinguish you from other homes in the neighborhood. Adding a fresh coat of paint or stain to your porch and stairs, adding flowers and new mulch, and keeping your grass green and luscious can greatly add to the curb appeal of your home and ultimately the value.
  1. Popcorn Ceilings & Wood Paneling: Completely removing popcorn ceilings and/or wood paneling will add tremendous value to a home. Both features are extremely outdated and unappealing. Removing those will give your home a more modern look and feel. If looking to sell, this update will make your home much more appealing to buyers. Having to update those two things will seem very daunting to a homebuyer that is looking for a modern home.
  1. Paint: Remove that wallpaper and add a fresh, bright paint of coat to any room that could use it. Wallpaper often times makes rooms look dated and can peel and tear, especially in bathrooms. Even if you do not have any wallpaper, a fresh coat of paint is a simple and inexpensive way of updating a room and making it look new and modern.
Remember to keep in mind the market value of your home and surrounding homes. There comes a point where you will start to lose money in home improvements rather than reaping the rewards. It’s important to consult professionals before beginning any large renovations such as a kitchen or bathrooms. They can help you assess what will bring the most value to your home and get you the best bang for your buck.





Posted by Ron Ouellette on 8/4/2016

People often talk about boosting the value of their home with various improvements. But it is seldom that you hear anyone talk about the unforeseen factors that devalue their home. Furthermore, there are some fluctuations in a home's market value or appraisal value that are out of the homeowner's hands. In this post, we'll break down some of the broader aspects of home value and determine which "improvements" will serve you best in the long run. We'll also point out the red flags that are sure to devalue a home on the market.

Location

Few things so greatly affect the value of your home as location. If you happened to buy a house in Brooklyn Heights a couple decades ago its value has probably gone up exponentially since then due to the high demand of living in a trendy part of New York. Aside from living in the hippest neighborhood, people choose their home based on other location factors. Schools, hospitals, shopping centers, vicinity to highways or public transportation may all play a big role for many people. Location factors that will negatively affect the value of your home are high or increasing crime rates, economic decline (boarded up stores aren't very appealing to home buyers), a high incidence of registered sex offenders nearby, and neighbors that have unkempt homes or hoard junk in their yards. Other location factors are harder to sniff out. With the exception city dumps or waste processing centers--which you won't have any trouble smelling--having undesirable places like power plants or noisy freeways in your neighborhood can also devalue your home.

Inside the home

Home improvements are a great way to increase the value of your home--as long as those improvements meet a few criteria. Any changes you make should be legal and up to code. Potential buyers do not want the liability of illegal home improvements, nor can they ensure that the job was safely done and doesn't put them and their family at risk. Your improvements should also be up to social standards and changing tastes. Yes, we all have our own preferences when it comes to paint colors and home decorations. But when trying to sell a home it's important that it doesn't look like a time capsule from the 70s, rife with wood panels and shag carpets. When it comes to home repairs many homeowners elect to put off big projects because they are daunting and time consuming. Instead they focus on surface level improvements that might not do much to improve the value of their home. If you have plumbing that needs to be replaced, deteriorating flooring, or faulty heating and ventilation, make sure you take care of those before putting your home on the market.

Ask the pros

If buying or selling a home is in your foreseeable future, one great way to get a jump on your research is to consult a real estate agent and a building contractor to learn more about your area's own unique market values. This will give you a head start on making changes to your home and will tip you off on what to look out for when home hunting.





Posted by Ron Ouellette on 7/14/2016

When spending big money on remodeling and upgrading your home, getting the most return for your investment is key. Spending $20,000 on an upgrade that isn't going to add value to your home may please you in the moment, but not when your trying to sell and get that money back. There are areas that are worth the investment and some that are not. The basic ares of your home are important to focus on. Things like your roof, furnace, and siding are all big investments that bring a big return. Potential buyers don't want to buy a home that they will need to sink thousands of more dollars into right away. Having a leaky roof will only deter people from making an offer. But being able to show that these essential areas are recently upgraded will give buyers the peace of mind that big maintenance costs won't hit them abruptly. The 2 rooms in the house that are always heavy hitters as far as return on investment is the kitchen and the bathroom. Making sure to upgrade these rooms to be both functional and beautiful is important. No one wants to buy a house that has a beautiful kitchen that doesn't have enough counter space, or the traffic flow doesn't work. Homeowners often find they get at least 100% return on investment in these 2 rooms. Other things to consider are the curb appeal of your home, and adding space. Both are considered to be high in the list of things to remodel. Curb appeal is important because it's going to not only draw buyers in, but also give a sense of a well maintained home. If you yard is in shambles, your home probably is too. In regards to adding space, every 1,000 square feet adds about 30% to the value of your home, so additions can be well worth it. Homeowners are always looking for homes with extra rooms for things like hobbies or exercise equipment. The only thing to be aware of is you don't want to expand your home so much that the value supersedes those in your neighborhood, so keep the additions reined in. Upgrading your home can not only make it a place for you enjoy even more, but also add significant value to it. But what you choose to spend the money on is key. Investing money in the wrong places will only leave you with wondering if you should have made a different choice.




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