Tips for Selecting a Real Estate Agent in Pasadena, California
Whether it's because you're downsizing or need a bigger place, it takes lots of thought
to know when the time is right to put your house on the market. And no matter how
nice your property may be, a house won't necessarily sell itself! A trustworthy agent
makes your selling process as stress-
When choosing an agent, you want someone who can market your home, get top dollar
for your house, and negotiate for you during closing. With my resources at Castle
and Home Realtors, I provide a first-
As a best-
Which home improvements give the best payback when selling your house?
If you’re thinking about remodeling your kitchen, or finishing your basement, you probably want to get your investment back when you sell your home. But when it comes to payback value of home improvements, some are definitely more profitable than others. As a general rule, kitchen and bathroom projects usually get a nice return on investment, typically 90% or more. Things like adding rooms or finishing basements tend to pay back the least. Finishing a basement usually returns less than 50%, so it’s not a project likely to show profit at selling time.
There are a number of factors that go into determining how well a project will pay back. Payback value depends a lot on the current market conditions in your area. If the market is hot and homes are selling fast, you can expect a higher payback value than you would get in a slow market.
The type of project you do and how it fits in with other homes in the area can have a big influence on payback too. If you put your money into the wrong type of improvement, you won’t get your money back. But if you're smart about what you do, you can make money. The payback will be better on improvements that are in demand and conform to neighborhood standards. Adding a second bathroom in a neighborhood where most homes have two bathrooms will give a high return on investment. Building a large addition that makes your home twice as big as the other homes on the block probably won’t pay back very well. Likewise, the popularity of a project will factor into how much it pays back. An improvement heavily customized to your wants and needs won’t pay back as well as something more common to other homes in the neighborhood.
Another factor to consider is the cost of the improvements. If you can do the work yourself, you can save significantly on the cost of the project and greatly improve the chances of getting a good return on the investment.
The list below is compiled from several published surveys and shows typical payback for some popular remodeling projects:
Understanding Pasadena home prices
Over time, the worth of a home will go up and down. House values appreciate in the long term usually. But, of course, in real estate there are no "sure things". When your property appreciates you have more equity to borrow against, and you'll generate a higher profit when you sell. But how will you be sure what you're investing in now will appreciate over time? Property values in Pasadena go up and down for numerous reasons. Choosing a REALTOR® in Pasadena who understands the factors that affect local prices is the most important part.
What is the most important factor impacting real estate appreciation? Many think that it's the economy. Obviously, mortgage rates, employment, job growth, government programs and several other national factors have a definite effect on your property's worth. But the most significant factors that decide your house's value depend on the local Pasadena economy and housing market.
Let Castle and Home Realtors help you with your first home purchase in Pasadena Location
in a community -
Real estate sales trends -
History of appreciation -
The local economy -
It's important to understand the factors that affect your property's worth. Visit
this link for an assessment of your home's value. Call us at (626)353-