Tag Archives: home value

Top 3 Tips for Getting the most value when selling your home

3 Quick ways to help increase the value of your home

People are always asking us what’s the best way to increase the value and selling price of our home. We took a look at recent industry information, trends and returns on investments and came up with the top 3 things that you can do to quickly increase the value of your home.

This is part of a continuing series of articles and helpful tips and insights into help you you’re your home by Nick Santoro and Joe Santoro of Personal Property Managers (www.personalpropertymanagers.com ) Personal Property Managers specializes in real estate sales and marketing, home downsizing, content clean out and removal and estate sales, and services Pennsylvania and New Jersey.

1. Refurbish the bathroom, not the kitchen
It has long been told that the best remodeling you could do was the kitchen. We found this to not be true. According to cost vs. value studies, we found it’s actually the bathroom remodel that adds the most value to a house.

According to recent studies, it makes the most logical sense to redo the bathroom because with a bathroom remodeled you are adding functionality to your home whereas kitchen upgrades are often more about fashion.
Recent remodeling studies show that a mid-range $3,000 bathroom remodel results in a $1.71 increase in home value for every $1.00 spend on renovation.

Plus when guest come to stay with you, they are going to be a lot happier that you have a nicer bathroom than kitchen. Did you know that kitchen renovations offer among the lowest returns on investment? Both mid range and upscale work on the kitchen recover only about half of their investment.

Invest wisely and don’t invest too much money in the bathroom. An upscale remodeled $12,000 bathroom result only in an $0.87 increase in home value for every $1.00 spent.

2. Selling season
Home sales reach their peak in June, during the last week of that month residential real estate transactions are 40% higher than average. But when is the right time to list your home?

The home season starts to crank up in January and February. But to get the most bang for your buck you might want to list your house during the last two weeks of March. There’s a sharp spike in visitors making contact with real estate agents beginning in mid-April and continuing into July.

Selling in the last weeks of March, before the peak in agent contacts and after the peak of newly listed homes in February puts your home in the sweet-spot where it’s likely to be seen quickly and not get lost within a flood of new listings.

3. Psychologically price your home
Ending your home price in a ‘9’ also is something powerful to consider. According to national real estate trade groups, if you were going to sell your house for $150,000, just pricing it down by $1,000 and selling it for $149,000 ends up in you making $2175 more than you would if you priced it at $150,000.

For more information on real estate or home downsizing please contact Nick Santoro or Joe Santoro of Personal Property Managers at http://www.personalpropertymanagers.com or simply give us a call at 215-485-9272 or 908-368-1909. Personal Property Managers specializes in helping to home owners transition from their home of many years into a new community. Personal Property Managers services Pennsylvania and New Jersey and offers downsizing services, estate sales services, home staging, discount full service real estate services via its association with EveryHome Realty.

Top 10 tips for guiding you through a home downsizing

Ten tips for downsizing your home – by Personal Property Managers

This insight and others pertaining to senior transition, downsizing, tips on maximizing your home value, and other elder care options are presented to you by Nick and Joe Santoro of Personal Property Managers, your one call does it all solution…serving Pennsylvania and New Jersey.

1. Write a list of all the items you love and can’t part with; it will help you to discard the  things that didn’t make your list.

2. Start going through your belongings at least three months before the move. Take some time each day, or a morning each week, to go through that jammed coat closet and overflowing filing cabinet. Make sure to take out all important documents. Put them in a safe place.

3. Get a feel for the size of your new home and the size of the room and compare them to your home. You may think you can squeeze in items from your old home into your new home and that may not be the case…so measure each room to compare and contrast.

4. Go through times in your home that don’t have as much sentimental value. Take the kitchen, for example; most people don’t need 10 mixing bowls and won’t get teary-eyed over losing a second spatula. If you’re downsizing from a house to a condo, target the garage. Snow shovels, the lawn mower, ladders – you won’t need any of them. Please remember that when discarding unwanted items
that not all trash companies or local municipalities will take items such as TV’s, air conditioners, refrigerators, tires, paints and old computers. Check with your local providers and townships for more details.

5. Consider recycling or donating unwanted items. Recycle, reuse, sell and donate instead.  Don’t be afraid to ask your neighbors if they can use any of the small items in your house (cleaning products for example) instead of just throwing them away.

6. Label your packing boxes…which ones you want to Keep or Sell or Donate. Just a rule of thumb…when downsizing..only keep about half of your current belongings. Charity’s are a great way to get rid of unwanted items. Some charities will even come out to your property and pick them up (depending on condition of the item as well as the size)

7. Don’t be afraid to ask others for their opinion. If you can’t decide whether to keep or get rid of a specific item, don’t be shy in asking for a second opinion either from family, friend or neighbor.

8. Be very mindful that when selling your goods, they will not sell anywhere close to what you originally paid for it.

9. Sketch out and map out a floor plan to prearrange your furniture before the move. This is another useful reality check. To start, draw plans if you don’t have any, and sketch in a furniture layout. Don’t wait until after you move to contend with.

10. Once you get to the packing stage, use a system to organize all of your boxes. There are many ways to help organize your move, but one way is to choose a color for each room and mark the boxes destined for that room with a coordinating color sticker. Another option is to do it numerically so each room will have a number.

Personal Property Managers services New Jersey and Pennsylvania. We specialize in providing a single source resource for home transition services, downsizing, estate sale, full service real estate buy/sell services via our association with EveryHome Realty and assisting caregivers take care of all home and property issues for their elderly loved ones. For more information, please contact Nick Santoro at 215-485-9272 or 908-368-1909  www.personalpropertymanagers.com

Top 10 tips – to maximize your home value when trying to sell it

Top 10 tips for maximizing the value of your home…when you are considering selling it, by Nick Santoro and Joe Santoro, certified Senior Real Estate Specialist, Personal Property Managers.

  1. Remove unneeded items. When you have less clutter in your home it just makes your home look bigger, roomier and cleaner. Take your time. Go through your home and make piles of items and consider putting them in 3 categories; those you want to keep, those you want to get rid of and those you are still deciding and are on the fence with. This will make your life a lot easier and organized.
  2. Price it right. It is important that you have a complete understanding of your competition and price your home right, right from the beginning. Your real estate professional with develop a comparative market analysis to assist you in this area. A home that is priced well above the local market or above similar homes will not sell quickly, or possibly at all. Remember you only have one time to do it right and that must be right from the beginning.
  3. Work with a Pro. Having a good real estate agent or broker can make all the difference in the world. Today’s real estate market has rebounded. Your local professional realtor will assist you in the selling process. Today’s buyers are very careful and are value shoppers. A well conditioned home, priced right is the key to success. An agent who knows how to market and advertise your property, and who has good experience and connections, will be a huge asset.  
  4. Develop a marketing plan. The standard approach may not work for every property. When you decide upon an agent, make sure that he or she develops a customized marketing plan that fits you and your property. This may include social media marketing and a host of other online avenues well beyond a traditional flyer or sign on the lawn.
  5. Be very mindful of your pricing strategy. If your home isn’t getting a lot of activity or selling within a decent time period, usually within 30-60 days, work with your real estate professional to  consider changing the deal or make a price adjustment.  Offering a seller contribution is a great example. Be creative. You may want to consider offering a seller assist or a flat screen TV.   
  6. Get your finances in order. Consider having a home equity line of credit in place, should you need to relocate outside the area with your home unsold or if you happen to find the home of your dreams and your home is not sold. This way, you’ll have funds available.  Be aware, however, that if your current home doesn’t sell in a reasonable time period, you may be saddled with multiple mortgage payments. 
  7. Fix it up. It is very common for most buyers to ask for a home inspection. You’ll save time by getting a preliminary home inspection yourself and making repairs before putting the house on the market. In today’s market many potential buyers don’t want to buy a new home then turn around and invest more money to fix it up.  
  8. Ask for buyer feedback. Find out what potential buyers thought after a showing or any open houses you may have had. Take negative comments as constructive criticism, which will help you fix any flaws and capitalize on your strong points. 
  9. Watch out for buyer requested financing. Try and avoid at all cost a request from a buyer for you (the seller) to hold on to financing towards the purchase. Loans at fantastic rates are readily available. Don’t go into the banking business when there is less risk to you with an outright sale and traditional buyer financing.
  10. Be available for buyer showings at unusual times. If a potential buyer wants to see the house at an unusual time such a early morning or late at night, then so be it and do what you can to accommodate them. Don’t turn down a potential buyer…you just never know…

For more information on tips for selling your home (via our association with EveryHome Realty), downsizing, estate sales, elderly transition please contact Nick Santoro or Joe Santoro, from Personal Property Managers at 215-485-9272 or 908-368-1909 or visit their website at www.personalpropertymanagers.com