Outdoor remodeling projects can boost resale value

architecture-boating-canal-534171Home and commercial property owners looking to take on a remodel should consider undertaking an outdoor project, according to the National Association of Realtors®’ (NAR) and National Association of Landscape Professionals'(NALP) 2018 Remodeling Impact Report: Outdoor Features.

The report takes a deep dive into 13 outdoor residential projects and 10 commercial property projects, highlighting the reasons why property owners complete these projects, the value – both financial and emotional – that these remodels bring, and the increased happiness the finished projects bring homeowners.

“Realtors understand that a home’s first impression is its curb appeal, so when it comes time to sell, a well-manicured yard can be just as important as any indoor remodel,” said NAR President Elizabeth Mendenhall. “Even homeowners with no immediate plans to sell can gain more enjoyment and satisfaction from their home by taking on a project to revive their outdoor spaces.”

When asked which outdoor projects produce the most substantial financial payouts at resale, Realtors ranked standard lawn care service at the top, which recovers 267 percent of the project cost at resale. Next, Realtors named landscape maintenance and tree care, both recovering 100 percent of the cost at resale, and installing an irrigation system, recouping 86 percent.

When it comes to the enjoyment homeowners gain from these projects, a fire feature and irrigation system tied for first, both receiving a perfect Joy Score of 10. Joy Scores range between 1 and 10 and higher figures indicate greater joy from the project.

Eighty-three percent of homeowners who installed a fire feature said they have a greater desire to be home since completing the project, and 69 percent of homeowners who installed an irrigation system said they feel a major sense of accomplishment when they think of the project. The next most appealing projects were a new wood deck (Joy Score of 9.8), a water feature (9.8), statement landscaping (9.7) and an overall landscape upgrade (9.6).

“This report validates that landscaping is an investment worth making, offering the immediate benefits of increased enjoyment of your property, as well as desirable long-term value that holds if or when it comes time to sell,” said Missy Henriksen, NALP vice president of public affairs. “From lawn and tree care to installing a new fire or water feature or landscape lighting, there’s no shortage of opportunities to enhance your landscape and to reap the benefits these upgrades provide.”

This year, the report also covered outdoor projects for commercial properties. The report found that 43 percent of Realtors have suggested a commercial client improve the curb appeal of a property before listing it for sale. The most frequently recommended projects are standard lawn care (39 percent), completing a landscape management service (27 percent) and an overall landscape upgrade (26 percent).

“It is not just homeowners that need to think about curb appeal when it comes time to sell; a beautiful exterior is just as important for commercial property owners. In fact, 81 percent of Realtors said they believe curb appeal is important in attracting a buyer,” said Mendenhall.

© 2018 Florida Realtors®

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Outdoor remodeling projects can boost resale value

architecture-boating-canal-534171Home and commercial property owners looking to take on a remodel should consider undertaking an outdoor project, according to the National Association of Realtors®’ (NAR) and National Association of Landscape Professionals'(NALP)

The report takes a deep dive into 13 outdoor residential projects and 10 commercial property projects, highlighting the reasons why property owners complete these projects, the value – both financial and emotional – that these remodels bring, and the increased happiness the finished projects bring homeowners.

“Realtors understand that a home’s first impression is its curb appeal, so when it comes time to sell, a well-manicured yard can be just as important as any indoor remodel,” said NAR President Elizabeth Mendenhall. “Even homeowners with no immediate plans to sell can gain more enjoyment and satisfaction from their home by taking on a project to revive their outdoor spaces.”

When asked which outdoor projects produce the most substantial financial payouts at resale, Realtors ranked standard lawn care service at the top, which recovers 267 percent of the project cost at resale. Next, Realtors named landscape maintenance and tree care, both recovering 100 percent of the cost at resale, and installing an irrigation system, recouping 86 percent.

When it comes to the enjoyment homeowners gain from these projects, a fire feature and irrigation system tied for first, both receiving a perfect Joy Score of 10. Joy Scores range between 1 and 10 and higher figures indicate greater joy from the project.

Eighty-three percent of homeowners who installed a fire feature said they have a greater desire to be home since completing the project, and 69 percent of homeowners who installed an irrigation system said they feel a major sense of accomplishment when they think of the project. The next most appealing projects were a new wood deck (Joy Score of 9.8), a water feature (9.8), statement landscaping (9.7) and an overall landscape upgrade (9.6).

“This report validates that landscaping is an investment worth making, offering the immediate benefits of increased enjoyment of your property, as well as desirable long-term value that holds if or when it comes time to sell,” said Missy Henriksen, NALP vice president of public affairs. “From lawn and tree care to installing a new fire or water feature or landscape lighting, there’s no shortage of opportunities to enhance your landscape and to reap the benefits these upgrades provide.”

This year, the report also covered outdoor projects for commercial properties. The report found that 43 percent of Realtors have suggested a commercial client improve the curb appeal of a property before listing it for sale. The most frequently recommended projects are standard lawn care (39 percent), completing a landscape management service (27 percent) and an overall landscape upgrade (26 percent).

“It is not just homeowners that need to think about curb appeal when it comes time to sell; a beautiful exterior is just as important for commercial property owners. In fact, 81 percent of Realtors said they believe curb appeal is important in attracting a buyer,” said Mendenhall.

© 2018 Florida Realtors®

 

When You Need an Expert

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Seniors and Home Buying Judy Hicks

People often ask me what are all of these letters behind your name? The short answer is that they represent additional training and knowledge that I have sought out to better serve my clients. Becoming a real estate agent is not difficult but staying in the business is. The desire to help people is what drives me.

Each of the letters in a designation represents hours of classwork, additional homework, and testing. They also represent a network of other professionals outside of Jacksonville that become a part of my team. I am able to call on these agents when I have a client relocating out of Jacksonville. Most importantly, however, these designations allow me to better serve you and your specific needs.

I did not fully realize when I was earning the Seniors Real Estate Specialists (SRES) several years ago how much I would need the valuable insight when it came time to sell my Mother-In-Laws home this year!

My mother-in-law had lived in the same home in Jacksonville for over 60 years and though I have been in the home countless times I quickly realized that there were so many things I needed to help her with to transition into another home (ours) and so many things I needed know about her home to sell it.

There are over 77 Million 55+ buyers and sellers and they make up 25% of the population.

If you or a family member find themselves in a position of needing someone with the knowledge and experience of helping this incredible group of people – give me a call, I can help you!

June is National Pet Preparedness Month And Hurricane Season is 6/1-11/30

Cute dog

 

Hurricane season starts June 1st and goes through the end of November.

Living in Jacksonville we know first hand how to prepare (stock up on non-perishable food, bottled water, make sure you have a full tank of gas, fill the tub with water) but have you thought about your pets?

June is National Pet Preparedness Month and where we live one of the best ways to be prepared for our pets is to have a hurricane plan for our pets as well as ourselves.

Consider downloading the FEMA app on your phone https://www.fema.gov/mobile-app.   This app will give you up to date weather alerts and safety tips.

Whether you are taking your pet with you or leave them at a shelter, you do not want to just leave it behind. Don’t forget to take food and water for your pet too.

A great website is for good tips on preparing is www.ready.gov/caring-animals – some of the tips they suggest include:

  • Keep any medicine your pet takes readily in the event you need to evacuate. Also, make sure you have a full prescription in case the pharmacy is closed for a couple of days
  • Built a Pet-owners’ emergency kit. Some things to include are food, water, collar, ID tag, sanitation bags, pet carrier and any other familiar items that will make your pet feel safe
  • Make sure your pet is microchipped. For more information on pet microchips, talk to your vet
  • If you are considering leaving your pet at a shelter or boarding your pet, be aware that most veterinarians and animal shelters will need your pets’ medical records

 

Happy Ali

Hi, I’m Ali….

 Like most of you, my pet is a part of my family. Ali has been with Allen and me for 5 years now and I can’t imagine not being able to provide for her and take care of her.

Let’s celebrate National Pet Preparedness Month together as we plan to keep our pets safe during the hurricane season.

June is National Pet Preparedness Month And Hurricane Season is 6/1-11/30

Cute dog

Hurricane season starts June 1st and goes through the end of November.

Living in Jacksonville we know first hand how to prepare (stock up on non-perishable food, bottled water, make sure you have a full tank of gas, fill the tub with water) but have you thought about your pets?

June is National Pet Preparedness Month and where we live one of the best ways to be prepared for our pets is to have a hurricane plan for our pets as well as ourselves.

Consider downloading the FEMA app on your phone https://www.fema.gov/mobile-app.   This app will give you up to date weather alerts and safety tips.

Whether you are taking your pet with you or leave them at a shelter, you do not want to just leave it behind. Don’t forget to take food and water for your pet too.

A great website is for good tips on preparing is www.ready.gov/caring-animals – some of the tips they suggest include:

  • Keep any medicine your pet takes readily in the event you need to evacuate. Also, make sure you have a full prescription in case the pharmacy is closed for a couple of days
  • Built a Pet-owners’ emergency kit. Some things to include are food, water, collar, ID tag, sanitation bags, pet carrier and any other familiar items that will make your pet feel safe
  • Make sure your pet is microchipped. For more information on pet microchips, talk to your vet
  • If you are considering leaving your pet at a shelter or boarding your pet, be aware that most veterinarians and animal shelters will need your pets’ medical records

Happy Ali  Hi, I’m Ali….

Like most of you, my pet is a part of my family. Ali has been with Allen and I for 5 years now and I can’t imagine not being able to provide for her and take care of her.

Let’s celebrate National Pet Preparedness Month together as we plan to keep our pets safe during the hurricane season.

 

Did you Know That Your FICO Score Consists of These 5 Things?

 

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We all know without good credit you cannot buy a home. Below are the 5 things that actually “make up” your score

  1. Payment history – 35% of your score is determined by how you have paid your debts in the past. The more recent payments are given more weight than past payments. This shows your ability to repay your debts.
  2. Debt utilization – 30% of the score is based on the amount of outstanding debt with all combined creditors.
  3. Credit history – 15% of your score is determined on how long you as a borrower have been a credit user. The longer the history the better if you have made your payments on time.
  4. Recent credit searches – 10% of your score is determined by very recent history and if you as a borrower are actively seeking loans or credit in the past months.
  5. Types of credit – 10% of your score is determined by a mixture of credit that you hold – this includes car loans, leases, house payments, credit cards.

Purchasing a home is still the American dream and protecting your credit is an essential part of helping you realize it.

 

If you would like to know more about this topic call me today at 904-463-2877. I can put you in touch with a loan professional that can help you navigate through the process of knowing what you score is and credit score improvement.

Renters Want to be Home Owners Too!

A recent article by the National Association of Realtors shared recent survey results, that “most renters want to own a home… lifestyle changes are the top motivation to buy a home, followed by improvements in their financial situation [that] outweigh seeing their rent increase as the main motivators for deciding to buy a home.”

Renters Want to be Homeowners Too

What does this mean for those thinking of selling their home in the next year?

  • If a potential buyer is currently a renter offering to pay buyer closing costs may be a huge incentive
  • Lifestyle changes can be the addition of a child or a dog. Both need room to roam. As you are looking at what you need to do to get your home market ready think about inside space and outside space and what you can do to make it appealing to buyers.
  • Just remember these…renters might be looking for a more affordable home to buy, but the people that are looking to sell their (affordable) home need to move up. This is good news for everyone!

Reference article: https://www.nar.realtor/newsroom/most-renters-want-to-own-a-home-lifestyle-changes-are-top-motivation-to-buy