Home Improvements That Pay Off When Selling Your Home

Home RemodelingNot all home remodeling projects are created equal – especially when you’re trying to get the biggest bang for your buck when it comes time to sell your property.

So before you spend thousands of dollars on that home remodeling project you’ve been dreaming about, make sure that you’re armed with the facts first.

Today, we’re going to tell you which of the most common home renovation projects are worth the investment, and which ones you’re better off doing without. The answers may surprise you.

Roofs and New Siding: Not Very Glamorous but Quite Impactful

Remodeling Magazine reports that you’re more likely to recoup your investment on such features as your roof or your siding than you are on bathroom or kitchen remodels.

In fact, siding replacement recouped 92.8 percent of its investment while roof replacements recouped 90 percent or more at resale.

Roof replacement appears to be most important to buyers in the east, with home owners recouping an average 96.3 percent of the cost. In the Midwest, that average return was around 71.1 percent.

That’s because home buyers care more about the overall structure of the home than they do about an aesthetically pleasing kitchen.

What’s more, a recently replaced roof or new siding tells buyers that their maintenance costs are going to be low to non-existent for the first few years. And it’s impossible to understate how important that is to buyers.

Kitchens: A Sound Investment or Not?

The consensus is unanimous: Kitchen remodels are an excellent way to spend your home renovation dollars – but only if you don’t spend too much out the gate.

In fact, minor kitchen remodels (in the ballpark of $15,000 or less) returned 92.9 percent of the investment. That number dropped off on bigger remodeling projects in the kitchen.

Some features to focus on in the kitchen include all wood cabinets, commercial-looking appliances, stone floors and stone counter tops.

How About Bathrooms?

Bathrooms are also a fantastic place to invest your home remodeling dollars. Often, home owners are pleasantly surprised to discover that they get a 100 percent plus return on their investment.

For instance, a $9,400 bathroom remodel in Baltimore recently recouped 182 percent of its cost at resale.

Some features that you may want to focus on during a bathroom remodel include floor-to-ceiling steam showers and walk-in showers.

And if you only have one bathroom in your home, spend your money on adding a second bathroom instead of remodeling the only bathroom you have.

Don’t Forget To Consider Your Home’s Curb Appeal!

People often focus their remodeling dollars on the inside of the home but the exterior is just as important – if not more so.

After all, a potential home buyer will form an opinion about your home before they ever step foot inside.

Perhaps that’s why adding siding is such a sound investment when you look at the return you could get at resale.

Another way to make sure your home has adequate curb appeal is by adding a front porch or other architectural features to make your home more inviting.

Give Buyers Extra Room to Grow

Finally, consider adding another room to your home during a remodeling project.

We’ve already talked about the benefits of adding a bathroom. But the same principles hold true for other room additions as well.

In fact, for every 1,000 square feet added to a home, your sales price will increase by more than 30 percent, according a 2005 National Association of Realtors study.

One caveat to this rule: Don’t add so much extra space that your home becomes the most expensive home in the neighborhood. That’s a sure way to turn off home buyers.

Just a Few More General Notes About Home Remodels

RS1551_shutterstock_983846-lprRegardless of what type of project you select, remember that the following factors will also help determine your return on investment:

  • The Value of Your Home
  • The Value of the Homes in Your Neighborhood
  • The Housing Market You’re Located In
  • How Soon You Sell Your Home After the Home Improvement Project
  • The Quality of the Home Improvement Project

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Hopefully you learned something today about home remodeling projects and how much they really benefit you as a prospective home seller.

Make sure to follow our blog to receive the latest updates on real estate trends like these and how they may impact you.

Have a great day!

Raleigh Real Estate Expert Advice : Closet Space and Design

Well Designed Closet
A Well Designed Closet by California Closets Raleigh

Home buyers are surveyed yearly to discover what is important to them in the home they buy.  Over the years many things have changed in the Greater Raleigh area but one thing remains constant and that is that everyone wants more closet space in their homes!  According to a survey done by California Closets (Raleigh), 53% of home buyers would not move into a house if the closet space was not ample. This is compared to 41% last year. A growing number of home buyers in the hot real estate areas such as Raleigh, Cary, Wake Forest, Morrisville and Wake County all say the more closet space the better.  Home buyers such as (First Time Home Buyers as well) want more closet space as well.

Raleigh Home Buyer Survey Says…

According to Joe Marengi with California Closets (Raleigh) 1,200 people were surveyed and 44% said the number one thing they wanted in their dream home was a walk in closet. In todays hectic world, Triangle Real Estate Owners want a clean and organized closet. 50% said that a disorganized closet caused them to feel frustrated and stressed. 49% said they have clothes in their closet that are taking up space but, they feel “sentimental” about and cannot let them go.

If buying a new home to get a larger closet is not an option, there are ways to get more space out of the one you have. Home builders do not maximize space and typically install one long hang bar and two double hang bars. in most greater Raleigh area homes.  A proven space finder is to have a  closet company measure your space and plan by inches to maximize hanging space and storage shelves. In most cases, “a closet company can triple your linear hanging space” according to Marengi. Some other tips to consider when maximizing your closet space:

  • Many homes have closets where there is room for a center island which is perfect for a stack of drawers, long hang or shoes (see photo).
  • For more shoe space stack one on top of the other or one forward and one backwards to pick up more space as opposed to side by side.
  • Take advantage of your ceiling height. 9 foot and 10 foot ceilings will allow for triple hang.
  • Behind the closet door is a great space for belts or scarves.

 

Preparing to Sell Your Raleigh Home – Your Closet is Important to Potential Buyers

Staging your closet is very important when trying to sell your Raleigh home. There are several things you can do to optimize the closet space and inspire North Carolina home buyers on how they can set up their own belongings.

  • The Raleigh area has four seasons so remove the out of season clothes to show off space. Box and store now for the move ahead.
  • Removing everything off the floor, it will immediately make your closet look bigger. Donate items you no longer use to your local Goodwill store.
  • Open peripheral vision by removing any clothes near the door way. Leave 10 to 12 inches of open bar space at the closet doorway.  This gives a perception of a big closet with extra space.
  • Don’t have anything hanging on the entrance door to closet
  • Remove bulky hampers
  • Never stack to the ceiling need open space to the ceiling
  • Everything stacked on the upper shelf should be folded the same and neat, not more than 3 high to allow open space above and separated.  Not wall to wall stacks but small stacks with space in-between.  The white space makes a closet feel big enough
  • Add an air freshener to the closet.  You can’t smell your stinky shoes and clothes that were worn and not washed or dry cleaned but, your buyer can.  If you are selling your house wash your closet clothes and spray your shoes with odor eaters.

For more closet design tips for your Raleigh Real Estate, check out Linda Craft on the My Carolina Today show!

It is very important to market your home well to the potential buyer and you can do that by following the steps above. For more expert Real Estate advice from an experience team of Realtors, please visit www.LindaCraft.com or call our Triangle office today at 919.235.0007.

 

 

The Coveted Mudroom : Raleigh Real Estate Interior Details

Photo Courtesy of Houzz.com
Photo Courtesy of Houzz.com

Most Raleigh homeowners can agree that “stuff” tends to accumulate the most by the entrances of a home. How easy it is to kick off your shoes, throw down your bag and put something down with intentions of picking it up later. Wouldn’t it be nice to have a dedicated entryway that house guests might not necessarily see when visiting. A place where you can store all of your jackets, rain boots and umbrellas. A “catch all” that literally catches all items upon entering the home? A mudroom might be the answer for you!

What Exactly is a Mudroom?

Mudrooms were common in farm houses and large manor houses in the 20’s and 30’s. There was usually a transitional area for farmers to take off their dirty work clothes before entering in. Most mudrooms were located off the back of the kitchen (away from more formal areas such as the parlor or living room). In the South (Raleigh, Cary or Wake Forest), it was common to have a small enclosed porch off the back of the kitchen to serve as a mudroom.

As time went on, mudrooms were combined with the laundry room where you would find tile and cleanable surfaces. Currently, most mudrooms are found adjacent to the garage or back entryways.

Can I Find Mudrooms During My Search for a Raleigh Home?

If you are a Raleigh home buyer, there are certainly homes out there that have dedicated “mud rooms” and entryways. Most are stock full of storage such as cabinets, storage benches and shelves. Talk to one of our expert buyer specialists about your families needs in a home.

What Are My Options as a Raleigh Homeowner if I do not Have a Dedicated Mudroom?

If the layout of your home permits it, you can certainly turn an entryway into an aesthetically pleasing area with some simple storage or a bench. Check out Linda Craft & Team’s  ideabook on Houzz.com for inspirational mudrooms and entryways! We also have a great list of Home Care Referrals that can assist you in any remodeling and renovations.

Are you interested in selling your home? Are you a Raleigh First Time Home Buyer or upgrading to a new home? Give us a call at Linda Craft & Team, REALTORS for a free consultation! Another great resource is our website, LindaCraft.com. We are here to serve your home buying and home purchasing needs. We look forward to hearing from you!

 

Horton’s Creek

Horton’s Creek is a new home community built by Baker Residential, with 90 honmes built on wooded homesites in lovely West Cary, NC.  Located on Green Level Church Rd, the neighborhood is minutes from RTP, Duke and UNC Chapel Hill, the RDU Airport and Southpoint Mall.  The community has a wonderful pool and bath house, and a Town of Cary Greenway which runs alongside the neighborhood.

The homes range in price from the $400’s to the $600’s. In addition, there are Large Mud Rooms with built-in drop zones. Depending on the plan, most homes come with Media + Game Rooms. Also, if the topography allows, some homes have an Unfinished Basement for storage or future expansion. Most of the bedrooms have their own bathroom and the homes offer Screened-in Porches!

The kitchen’s are fabulous with Granite countertops, an abundance of cabinets, kitchen islands, and much more!  There are plenty of gathering places inside or outside the home for entertaining or simple family events.

Great neighborhood, great amenities, great price, and unbeatable location!

Ready for Your Personal Tour of Hortons Creek?

If so, contact Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to schedule your personal tour today!

See all Homes For Sale in Horton’s Creek

Click here to see all the current homes for sale!

Highland Forest

Want the option to build a beautiful custom home? Highland Forest in North Raleigh is the perfect location to buy or build amazing custom homes in a gorgeous private wooded neighborhood. With only thirteen lots and lots from one to three acres, the neighborhood is private and quiet. A lovely landscape of hills and amazing scenic views, Highland Forest is a perfect escape from the everyday hustle and bustle.

Highland Forest community search

Ready for Your Personal Tour of Highland Forest

If so, contact Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to schedule your personal tour today!

See all Homes For Sale in Highland Forest

Click here to see all the current homes for sale!

Highcroft Village

Highcroft Village is a development in the heart of the Raleigh-Durham-Chapel Hill area. Located just west of North Carolina Highway 55 in the West Cary area, Highcroft Village is three miles south of Research Triangle Park, 12 miles from Raleigh Durham International Airport, 18 miles from the University of North Carolina at Chapel Hill, and North Carolina State University and 22 miles from Duke University.

About the homes:

The development features the work of the area’s custom builders to create a diverse collection of homes from 2500 to 5000 square feet. Neighborhood Amenities: Highcroft Village is centrally located in a great area for parks. A 16 acre, Town of Cary park, Sears Farm Road Park, is directly adjacent to the neighborhood. The USA National Training Center at Thomas Brooks Park is an easy walk, featuring many regional and national-level baseball activities.

Highcroft Village features a recreational center with a junior Olympic pool, lots of fun features, a bathhouse, pavilions and a toddlers’ playground on-site.

About the Developer:

Impact Properties Group has developed a number of neighboring communities including Highcroft, Cameron Pond, Weycroft, Southlakes Greythorne and Madison Place at Carpenter Village.

Shopping:

Highcroft is located near several shopping centers, and within 15 miles drive of Cary Town Centre, the Streets at Southpoint in Durham and Crabtree Valley Mall in Raleigh.

Ready for Your Personal Tour of Highcroft Village?

If so, contact Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to schedule your personal tour today!

See all Homes For Sale Highcroft Village

Click here to see all the current homes for sale!

Wake County Building Permits on The Rise

Building a House

Building a HouseLocal builders have been busy  in the Triangle area! Building permits rose 70% in March from the previous year. The increase pushed the overall permit numbers for the first quarter to 1,402 for a 51% increase according to www.wakegov.com.

Triangle Area Building Permits on the Rise

According to Tim Minton, the executive vice president of the Home Builders Association of Raleigh, new construction continues to rise and the new construction sector continues to see an upswing in permits for 2013. The average permit value is $213,000. Remodeling permits are averaging at about the same rate from last year.

Wake County reported that during March, Raleigh was at the forefront with 346 permits issued, followed by Cary with 261 permits. The towns with the least amount of permits were Apex and Holly Springs.

This is obviously great news because with new home construction comes more jobs for the Raleigh area! The housing market is making a strong come back in the Triangle Area! “But what does this mean for local homebuyers and sellers?

What Does it Mean For Raleigh Real Estate Buyers and Sellers

With this increase in building permits, people are still in good positions to buy and sell. Buyers can expect more options and homes tailored to fit their needs. Triangle sellers can expect a level of competition so it is important to prep your home and market it well. Linda Craft and Team, REALTORS has a specialized marketing and listing team with years of experience and uses the most up-to-date technology to sell your home!

Whether you are in the market to buy or sell, Linda Craft and Team, REALTORS is ready to help you achieve your dreams!

Peace, love and happy homes!

Ashley, Director of First Impressions

 

Chatsworth

Chatsworth is in Northern Wake County, 15 miles from North Carolina State University and Raleigh Durham International Airport, 28 miles from the main campus of the University of North Carolina, Chapel Hill, and 24 miles from Duke University. The community features homes on lots of an acre and larger. Chatsworth was developed by Creedmoor Partners, who have developed a number of prestigious subdivisions around the Raleigh-Durham-Chapel Hill area such as Crossmoor, Devon and Hasentree.

Amenities:

Swimming, Boating, Fishing, Golf

Chatsworth has a community pool and basketball area for use by neighborhood residents. There are 35 acres of protected natural areas as part of the Chatsworth’s community. The community is also minutes away from Falls Lake and access to boating and fishing areas on the lake. Golfers will find dozens of golf courses and clubs within easy driving distance from Chatsworth as well.

Shopping:

Chatsworth is just minutes from I-540, with quick and convenient access to North Raleigh shopping areas like North Hills, and shopping malls such as Triangle Town Center and Crabtree Valley Mall, in addition to shopping and nightlife in downtown Raleigh.

Ready for Your Personal Tour of Chatsworth?

If so, contact Raleigh Real Estate experts Linda Craft & Team at www.LindaCraft.com or call 919.235.0007 to take a personal tour today!

See all See all Chatsworth Homes For Sale

Click here to view all the homes for sale!

Buckingham Manor

Buckingham Manor was built between 2002-2004 the neighborhood of Buckingham Manor is an exclusive Raleigh neighborhood off Raven’s Ridge. With homes average around one million and 500 square feet, you will feel the luxury of the neighborhood by just driving down the road. The homesites are large and absolutely stunning with custom Southern Style Homes. You will see amazing rocking chair front porches and severe attention to detail!

Are you ready to see more Buckingham Manor?

If so, contact any member of the expert Raleigh Real Estate Team here at LindaCraft.com or call 919.235.0007 to schedule your personal tour today!

See all Buckingham Manor Homes For Sale

To see all the homes for sale in Buckingham Manor click here!