Sex Rugs And Real Estate 2

Dated: 01/02/2016

Views: 287

5 new (and strange) rules for surviving the real estate market:


If you want to increase your homes value, remodel your bathroom

Image title

Investing in your home through maintenance or remodeling almost always increases its value, but some projects pay off a lot more than others. For instance, "a $3,000 mid-range bathroom model ... replacing the toilet and light fixtures, adding a double sink, and adding some wallpaper--would result in a $1.71 increase in home value for every $1.00 you spent on the renovation," Rascoff and Humphries write.

In comparison, a pricier bathroom remodeling will likely return less in home value than you spend, while basement renovations tend to do the least in terms of increasing a homes resale value.


When listing your home, "The Price is Right"

Image title

Many people tend to shoot for the moon when selling a home. After all, if selling a home is a negotiation process, why not start high and come down from there, right? But the reality is that homes listed for close to their market value actually end up selling for 4% higher than homes that are initially overpriced.

That's because pricing a home at its fair value will attract more demand, and sometimes even start a bidding war.



The best time to list your home? Late March

Image title

Most homebuyers begin contacting agents in May and June, so it's good to get your home listed in late March on average. That's enough time to make realtors aware of your listing, but not too much time that the home appears to have been langusihing by the time peak buying season begins.

However, this rule is a national average, and in colder locales like Boston, the best time to list is in early April, while places farther South call for listings a bit earlier. On average, homes listed in late March sell faster and for 2% more than comparable homes that are listed at other times.


Homebuyers can be really superstitious

Image title

It's no secret that people can be really superstitious, but it might be surprising to hear that this can affect the real estate market in a big way. One example? Homes with the number 666 (the number of the beast, according to the Book of Revelations) somewhere in the listing sell for 3.2% less than expected.


Cool street names will cost you

Image title

If you want to live on Penny Lane or Thunder Road, it's going to cost you. Houses on streets with these names sell for 53% and 46% higher than the median home, respectively.


That's it! Happy New Year. 

Blog author image

Boots Levinson

We are so much more than a full service real estate firm; we're a group of talented people with a passion for finding the best way of living. People who make every effort to help you live who you are.....

Latest Blog Posts

Happy Holidays

From our team to:)

Read More

Dec 29 2017 43733 1

Happy Holidays & New Year! Traditionally, a  part of the end of year is to reflect on your past year , make new goals & resolutions. Now is a perfect time to reflect on your living

Read More

Bitcoin Price Drop 40 Percent AND 5 Things You Must Know About Investment In Bitcoin

Christmas is almost here and among being busy with shopping, holiday arrangements, work and life in general, there is one hot topic that is on the minds of many: The Bitcoin. A 40% price fall from

Read More

Philadelphia Magical Holiday Traditions You Will Want To Make Your Own

From classic light shows to timeless theatrical productions, holiday traditions abound in Philadelphia year after year.Look no further than the Macy’s Christmas Light Show, which has dazzled

Read More