Monthly Selling Tip

ROI IS KING

Every smart homeowner knows that major—or even minor—remodeling projects should be undertaken with one eye on design and the other on the ROI. You want to be comfortable with whatever return on investment you receive for upgrading your home because, unfortunately, many upgrades won’t entirely recoup their cost upon sale. But the use you get out of the home with the upgrade might still make the construction worthwhile, regardless of the ultimate selling price. Here’s the top 10 remodeling projects that provide the best return on investment nationally.

RANKING	PROJECT	COST     RECOUPED	AVERAGE JOB COST	RESALE VALUE
10	Add a family room	69.3 percent	$89,566	$62,055
9	Finish the basement (cost estimate includes bar area, main room and bathroom)	70 percent	$71,115	$49,768
8	Add a two-story addition (cost estimate includes adding a family room, bedroom and bathroom)	71.1 percent	$176,108	$125,222
7	Add a wood deck (cost estimate includes built-in bench and planter)	71.5 percent	$10,707	$7,652
6	Replace the siding	76.4 percent	$14,518	$11,093
5	Replace the garage door	76.9 percent	$1,749	$1,345
4	Complete a minor kitchen remodel (cost estimate includes new cabinet fronts and hardware, new energy-efficient appliances, laminate countertops, mid-priced sink and faucet, dingy floor replacement and wall paint)	80.2 percent	$20,830	$16,699
3	Install a manufactured stone veneer (instead of vinyl siding)	89.4 percent	$7,851	$7,019
2	Replace your entry door with a steel door	90.7 percent	$1,413	$1,282
1	Add fiberglass attic insulation	107.7 percent	$1,343	$1,446

Buying or selling a home can seem like an overwhelming task. But the right REАLTOR^® can make the process easier — and more profitable.

А Certified Residential Specialist (CRS), with years of experience and success, will help you make smart decisions in a fast-paced, complex and competitive marketplace.

Vikki Crossland or Brandi Cook of Meybohm Realtors are your local Certified Residential Specialists (CRS). Info@AikenHOMES.com or 803-702-4090

Smart Moves....

smart MOVES       

Today’s buyers want move-in-ready homes, and a new survey points to exactly what that means.

More than 70 percent of buyers want a move-in-ready home, and that ultimately breaks down to a home that has updated heating and cooling and an updated kitchen and bathroom (more than 80 percent expect those features to qualify as move-in ready) and they want new appliances (74 percent). To a lesser but still notable degree, buyers feel a move-in-ready home has smart-home technology installed (44 percent). Additionally, 57 percent of those buyers that want a move-in-ready home would consider an older home updated with smart-home technology.  Apparently, survey respondents want the technology, but they really don’t want to sift through the options and install it themselves. Thirty-six percent of all respondents believe that having smart technology is a major selling point when buying a home, but 32 percent feel they are too intimidated to install it themselves.

And while the millennial generation certainly leans hardest toward this technology with 61 percent interested in it, 52 percent of Gen Xers and 50 percent of baby boomers do as well.                                         

Taking that first leap and making the investment in smart home technology may wind up being an investment in your home’s value or salability.

For other home selling tips or suggestions, contact Vikki Crossland or Brandi Cook of the Aiken HOMES Team at MEYBOHM REALTORS who are Certified Residential Specialists or your favorite Realtor®.

The First half of 2016 been the HOTTEST it’s been in Years

We all have been seeing more SOLD signs this year. A positive trend we expect to continue. We wanted to share the Aiken Board of Realtors® June 2016 Monthly Indicator Report with you to spread the good word. The Aiken HOMES Team is here for you assit you or call your favorite Realtor® with any real estate questions.  #803-702-4090

June 2016 Monthly Indicator Report Provided by the Aiken Board of Realtors®

Halfway through 2016, residential real estate markets are performing as predicted at the beginning of the year. Sales and prices have been going up in most areas, while the number of homes for sale and total months' supply of inventory have been going down. Meanwhile, many sellers have been getting a higher percentage of their asking price, and supply continues to struggle to meet demand. The message may be repetitive, but it is largely positive. New Listings were up 11.5 percent to 281. Pending Sales increased 15.3 percent to 218. Inventory shrank 15.1 percent to 1,331 units. Prices moved higher as Median Sales Price was up 12.0 percent to $173,600. Days on Market decreased 14.3 percent to 168 days. Months’ Supply of Inventory was down 19.4 percent to 7.5 months, indicating that demand increased relative to supply.

Aiken SC Hopeland Summer Concert Series 2016

Aiken Homes Monthly Selling Tip....The heart of the Key Details!

Aiken Homes Monthly Selling Tip....Timing is Everything!