Home Renovations That Can Hurt (and Help) Property Value

If you’re into renovation projects, then updating and revamping your home can be a lot of fun. But before you get too excited about knocking down walls and setting up a custom movie room, you might want to consider resale value. Flashy renovations don’t always yield the best returns, so you’ll need to take care when picking projects.

To make things easier for you, here are four remodels to avoid and four to invest in.

Model Home 5 bed 3 bath 9227 Lonesome Oak Dr. Temple TX landscaped lawn

Remodels to Avoid

Luxury Rooms
An indoor basketball court, wine cellar, sauna, or even a movie theater won’t often recoup the high building costs. Luxury add-on rooms are hard to pitch to buyers unless you’re living in an upscale housing market—the average homebuyer won’t be willing to pay for them. Further, rooms that depend heavily on wired electronics, like home theaters, are hard to keep current because TVs and speakers are constantly advancing.

Swimming Pool
The average cost to build a pool is $39,084, a hefty price tag that is seldom recovered once the home is sold. It’s widely accepted throughout the industry that a homeowner will lose money by adding a swimming pool. Homebuyers don’t want to deal with the maintenance cost of a pool (which can cost as much as $2,000 a year), the added insurance premiums, and—if they have young kids—the safety issues.

Gaudy Accents
Though gold-plated crown molding or mosaic-tile backsplashes may feature prominently in your ideal vision for your home, they often turn out to be the average homebuyer’s worst nightmare. Passing fads or niche trends rarely stick around long, so if you miss the brief window when your remodeling choices are in, you’ll end up paying for it later.

Changes Contrary to Area Standards
If you aren’t watching the trends common to your area, you could end up losing a lot of money. A home that totals $600,000 after all the renovations won’t sell in a neighborhood where homes are netting half that price. Likewise, knocking down the walls of extra bedrooms for an open layout won’t be appealing in a family-oriented neighborhood.

Remodels that Pay

Steel Doors
You don’t want to go cheap on a standard front door. At roughly $1,000, steel doors are comparatively affordable, durable, low maintenance and burglar resistant. As an added bonus, the National Association of Realtors® reports that steel door upgrades show the highest return on investment of any home remodel, at over 100 percent of the cost.

Solar Panels
As the price of solar panels continues to drop, the energy payback on installing them is becoming greater and greater. The average rooftop solar system is now paid off in seven and a half years. After that, panels are a big money-saving asset. A study by the Lawrence Berkeley National Laboratory notes that homebuyers “consistently have been willing to pay more for a property” with solar panels—a premium of around $4 per installed watt, on average.

Related: Will Your Homeowners Insurance Cover Solar Panels?

New Siding
The exterior of your house is the first thing potential homebuyers see when they come to your home, and you want to make the best first impression. This is part of the reason redoing your siding is so profitable. New siding recoups around 80 percent of the initial cost, according to the National Association of Realtors®, thanks largely to the increased curb appeal and improved energy efficiency it provides.

Broadband Access
Access to broadband speeds is considered an essential utility for today’s connected homebuyer. Research shows that faster internet speeds increase your home value by as much as 3 percent. Homeowners can prepare their homes for higher broadband connectivity by working with area providers to install requisite equipment and wiring. Building out wall ports and cable-hiding baseboards is a good move to attract buyers, too.

Even if you’re not considering selling your home just yet, keep potential selling benefits in mind. Intrepid homeowners know that the best remodels will increase both quality of life and listing price, so take care to invest in projects that will net the biggest returns.

5 Ways to Freshen Up Your Bathroom

The bathroom is one of the most popular rooms of the house to renovate. But, you don’t have to overhaul it to make it sparkle like new. Below are five tips to enhance the appearance of your bathroom without undertaking an expensive and intensive remodel.

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  1. Paint. Go classic with white, create a spa like space with soothing blues or energize your space with orange or yellow tones. Look online or thru decor magazines for inspiration.
  2. Lighting. See yourself in the most flattering light with New Light Fixtures. New lighting is an easy way to update or modernize a space without gutting it.
  3. Fixtures. As with lighting New faucets add style to your space with minimal effort. Although silver-toned faucets are the choice among Homeowners Brushed Nickel and Polished Chrome are also popular choices
  4. Window Treatments. Tie the look of a room together with blinds, shades,curtains or a combination of these options. Choose BOLD colors to add POP to a room or stay neutral. Whatever you choose make sure it compliments the style of the room.
  5. Accessories. Add style and function with new accessories. If you’d like more storage add a wall cabinet or storage tower.Install a new mirror or towel rack to enhance the look of a room. Buy a new rug to go with the new color scheme and add texture and color with vases,wall decor or similar items. 

Are you looking to buy or sell a home in the Killeen/Fort Hood area? Give me a call!! 254-462-7172

Modtrice Ford- Your friend in Real Estate!

What is the CFPB and How will this effect me?

Hello my future home owners!

I don’t know if you have heard but there is a new sheriff in town when it comes to your finances and that sheriff is the CFPB (Consumer Financial Protection Bureau).

What are their jobs? Well let me tell you.

Educate: An informed consumer is the first line of defense against abusive practices.Enforce: Supervise banks, credit unions, and other financial companies, and we enforce federal consumer financial laws.

Study: Gather and analyze available information to better understand consumers, financial services providers, and consumer financial markets.

Now you may be asking, “Well how will this effect my home purchase?” The simple answer is that after August 1, 2015 there will be some major changes to the way your mortgage loan is handled. This is all for your protection but the new process may lead to longer closing periods. The normal closing periods are about 30-45 days. After August 1, 2015 you may have to wait 60+ days.If you want to know more feel free to visit the CFPB website at: www.consumerfinance.gov

Purser Homes: A Realtors Thoughts…

Purser Homes is a Builder Local to the Killeen/ Fort Hood area. This helps them to have a keen insight to what the local market is looking for. Purser offers High quality Homes. Their standard package usually includes the little extras like Crown molding, Granite counter tops, Pop-up ceilings,  and a Fireplace. All things that make a Home seem well polished and leave a nice finished look. Now, if you want the extras then be prepared to be Blown Away!!

If you haven’t guessed by now I rather like Purser Homes. I have never walked into one that did not impress me. The quality that Purser Homes puts out leaves me confident that any Buyer I bring will get more than what they paid for. Purser Homes tend to retain their value well and resell at a higher cost than other Homes. That being said these homes are still Very Affordable.

A Spec Home from Purser in the Fort Hood market can run from as low as the 160s to the mid 200s and will be worth every penny! I would Highly recommend Purser Homes to anyone looking for a New Build in the Killeen/ Fort Hood area. But hey, thats just my Opinion why dont you see for yourself….

Below is a list of Subdivisions where Purser Homes is currently Building:

White Rock Estates -Killeen, TX

Bunny Trail -Killeen, TX

Purser Crossing -Killeen, TX

Looking for a Realtor in the Fort Hood area? Give me a call!! Modtrice Ford- Realtor 254-462-7172

purser

 

 

 

Tanglewood Estates Harker Heights

Tanglewood Estates and Tanglewood North in Harker Heights are two well Established neighborhoods in the area. Homes currently for sale in the area can sell for anywhere between $150,000.00 up to $450,000.00 depending on how high up on the hill it is located. Of course other factors include square footage, age (which can range from mid 70’s to early 200’s), and quality of the Home. The area is very desirable all in all. Most of the homes here are owner occupied which helps retain property value. Homeowners tend to take great care to make sure their yards stay manicured and their homes stay in good repair. It is rare to see a distressed home in this area. Not impossible but rare. Overall this is a great place to live but don’t take my word for it. Take some time and look for yourself…

Current Homes for sale in this area include…

MLS # 214914
MLS STATUS: ACTIVE
LISTING PROVIDED BY LETICIA FORD OF ERA COLONIAL REAL ESTATE
MLS # 214575
MLS STATUS: ACTIVE
LISTING PROVIDED BY KENDRA BARGER OF STARPOINTE REALTY CENTRAL TEXAS LLC
MLS # 115304
MLS STATUS: ACTIVE
LISTING PROVIDED BY CHRISTINE FLETCHER OF VISTA REAL ESTATE
MLS # 213421
MLS STATUS: ACTIVE
LISTING PROVIDED BY LAUREN REIDER-HALLMARK
Need a Realtor in the Harker Heights Area? Give me a call!!
Modtrice Ford- Your friend in Real Estate!
Exit Homevets Realty
254-462-7172
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926 Pinewood Dr Harker Heights, TX 76548

Country living in the middle of Harker Heights! This 4 Bedroom 2 Bath home is simply adorable! As you approach the property the U-Shaped Driveway lined with shade trees catches your eyes. The front porch is roomy and has a ramp for easy accessibility. Coming into the home you will be surprised by how spacious it is! With 2 living areas a formal dining and double sided fireplace this space is perfect for family gatherings!! The Kitchen is Open to the second living area and is very spacious with room for a breakfast area. The Master Bedroom has an on-suite fit for a Queen with large garden tub, separate shower, linen closet and plenty of space for a seating area. This home sits on over half an acre so to say it has a large back yard would be an understatement! In the back you will find shade trees, extra storage and a chicken coop!! You have to see this home to believe it! Make an appointment today!

926 Pinewood Dr. Harker Heights TX 76548 (30).JPG

603 Nola Ruth BLVD Harker Heights TX 76548

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More Pictures!!

Beautiful Home in the Distinguished Neighborhood of Preswick Hills!! This 3 Bedroom 2 Bath Home has been Fully and Lovingly Remodeled and is ready for its New Family. Driving up to the Home you will immediately notice the beautiful Shade Trees and Landscaped yard. As you enter the natural light against the warm toned walls give you a feeling of comfort. Moving forward brings you into the Large Living Room where you notice the Fireplace with a Decorative Mantle stretching from floor to ceiling. The kitchen has been fully updated with Quartz counter tops, Recessed lighting, and Decorative tile back-splash. The Master Bedroom feels light and airy with Fresh paint, Tile floors, and French doors which lead to your own Private Covered Patio and Back Yard. Speaking of Back yard there are TWO!! One off of the Living room and one off of the Master. Both with their own Patios and Shade Trees. This Home will NOT Last long!! Give me a call today for a showing!!