Your Key To A Successful Remodel
Are you looking for your dream home but nothing is quit right? Are you wanting to sell but your home but it first needs a little TLC? Or are you wanting to make an investment and get the biggest bang for you buck? We have the right partners, skills and knowledge to help you meet your remodel goals. No matter what your situation, we are here to help.
Thank You Jeanine Mateo
Give us a call to discuss your home buying, selling, or investing goals today.
Watch these 2 short videos to see the Grayhawk condo Blank Canvas before and the after Results!
for your Interior Design expertise on the remodels listed here. You can reach Jeanine at 602.690.5771 or email@example.com.
Most Common Home Improvement Projects
Every year, Remodeling Magazine compares national average costs for popular remodeling projects with the value those projects retain when the homes sell. Each year this cost vs. value analysis turns up similar trends on which projects deliver the most return on investment (ROI).
- Replacing your front door and garage door delivers 85-100% ROI due to their high functionality plus curb appeal.
- Siding replacements and wood deck additions deliver 70-80% ROI.
- A minor kitchen remodel will deliver 70-80% ROI, whereas a major kitchen remodel will deliver about 65% ROI.
- Window replacement will deliver 68-78% ROI.
- Roof replacement will deliver 60-70% ROI.
- Bathroom remodel will deliver 60-70% ROI.
These are just a few examples of projects, and use national averages for mid-range homes. These numbers change based on region and city, as well as mid-range versus upscale homes.
Cited | Zillow
How Will I Pay For My Remodel?
If you’ve determined that your project’s ROI is suitable and you’re going to move forward with it, the most common ways to finance home improvements are:
- Paying cash from savings
- Using a Home Equity Line of Credit (HELOC), which is a second mortgage you can put on your home. It functions like a credit card in that you can draw on it (using a checkbook or credit card) when you need it. You can put a HELOC in place and leave it at a zero balance until you need it, and you’ll only ever have a monthly payment on the account if you use it. A lender can tell you more about obtaining and using a HELOC.
- Doing a cash-out refinance of your existing first mortgage. This might result in a higher rate than you have today, since cash-out refinances can have higher rates than purchase loans or traditional refinances. Ask your lender to brief you on your options based on your profile.
- Gift from family member. Gift tax is imposed on the donor, not the receiver, but most gifts can be given tax-free.
- Credit card. This is the most expensive of all options listed here, and, unlike a HELOC, the interest you pay isn’t tax deductible.
Cited | Zillow
The Results Are In The Sales!