Home Values
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May 16, 2018

What You Need to Know About Comps and How They Affect Your Home’s Value

Comps. They’re the one thing that can cause a seller some tense moments as they work with their real estate agent to come up with a price for their home. ‘Comps’ is actually the shortened version of comparisons. Basically, they’re the prices of homes sold in your area in the past 3-6 months. While the concept of a comp is pretty easy to understand, that doesn’t mean that comps are without nuances.

There are several things you need to keep in mind as you use comps to set the price for your home or, in the case of a buyer, use comps to determine whether a home’s price is fair.

Comps, CMAs, and Why They’re Important

A CMA is a [...]

 
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May 14, 2018

Cities with the Best Housing Affordability

A lot of factors affect the homebuying decision. No matter where you choose to move, you want to be comfortable, right? Determining an area’s housing affordability is important information to arm yourself with during the beginning stages of your home buying search. The expenses incurred after the purchase of your home don’t end when you move in, you’ll be responsible for utilities, taxes, and the upkeep of your home. Are your pockets crinkling at the thought of all the expenses? Don’t worry, according to U.S. News and World Report, these are the cities with the best housing affordability.  If you’re in the market for a new home, finding one in any of [...]

 
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March 20, 2018

Exterior Materials to Up the Value of Your Home

If you are looking for ways to increase the value of your home for the 2018 market then look no further! Here are four materials that you can use to improve your house now:

Choose a Green House Siding

Fiber cement siding is a great material to use that is very sturdy. Proven to be able to withstand high-winds, including hurricane-force winds, using this material on your home will surely up the value of your home. Fiber cement siding will protect your home from fire with its fire-resistant properties but will keep your house warm when you need it the most. It is also resistant to insects, moisture, and UV rays.

This sturdy material withstands the effects of harsh [...]

 
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March 9, 2018

20 Home Improvements That Can Increase Home Value

Many home improvements add value to your home, and that is not as hard to realize as they may seem. Instead of hiring a designer to make your home more modern, try to find inspiration and ideas yourself. Home magazines, remodeling TV shows, books, and websites have an overload of wonderful DIY ideas you can implement into your style.

Instead of taking on some major and time-consuming projects, try tackling some of these simpler ones. With a little effort, goodwill, and some help from family and friends, the value of your home will increase significantly, and you can confidently put it on the market.

1. Add Insulation

Proper insulation is one of the most important things [...]

 
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February 15, 2018

How Much Will Interest Rates Rise in 2018?

The dawn of a new year brings with it the new chairperson of the Federal Reserve, Jerome Powell. In one of Janet Yellen’s final acts before leaving office in early February, she presided over the Fed’s decision not to raise mortgage interest rates during the first quarter of the year.

Powell is expected to continue the Federal Reserve’s conservative policy of raising rates gradually if the economy remains strong. Should inflation increase, we can expect the Fed to act more aggressively and raise rates faster. During the current economic boom, inflation has been low but may increase as the economy grows.

Other factors besides the Federal Reserve’s [...]

 
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January 29, 2018

How Will the Google Sidewalk Program Affect the Real Estate Market?

Google Sidewalk is taking over a plot of land on Toronto's waterfront to build a high-tech utopia. What does this mean for the future of the housing market?
 
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January 29, 2018

How to Weatherproof Your Home for Winter in Less Than an Hour

Weatherproofing your home for winter doesn't have to take a long time. Here's how to weatherize your home in less than an hour, from Homes.com.
 
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July 13, 2017

Does Adding a Deck Increase Your Home’s Value?

Backyard decks have replaced patios and front porches as the social centers of suburbia in the summer. Decks are elevated to catch summer breezes and to facilitate conversations with neighbors on their decks. Large enough for a table and grill, most decks are more versatile than front porches and provide privacy from street traffic.

So how much is a deck worth? If you are house-hunting, how much does a deck add to the value of a home you are considering? If you are thinking about adding a deck, will it pay for itself when you sell, adding more value than the cost of construction? Remodeling magazine’s annual Cost vs. Value Report looks at a range of projects by cost, [...]

 
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July 6, 2017

How Do School Districts Affect Home Prices?

Conversations about schools and their effect on a home’s value are often of the “chicken or the egg” variety. Homes in the best school districts, on average, sell for higher prices than similar homes in less-popular school districts. A simple analysis might say that good schools are wholly responsible for this added value.

At the same time, on average, more affluent homeowners live in more sought-after school districts. Statistics often show that for large sample sizes, the more affluence there is in a community, the higher test scores will be in that same community. Test scores are just one measure of “good schools,” but they’re a highly [...]

 
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June 5, 2017

Are You Prepared to Deal With Rising Home Values This Summer?

This summer, home values could rise at their fastest pace since 2014. Here is how to plan for it so you can make the best of the situation as possible.
 
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April 17, 2017

What Would It Cost To Live Along The Boston Marathon Route?

It’s Marathon Monday, and the 121st Boston Marathon is in full swing. The race runs from Hopkinton to Boston, through the towns of Ashland, Framingham, Natick, Wellesley, Newton, and Brookline. The race is the oldest annual 26.2-mile race in the world, and the city around it is steeped in history. Needless to say, for the runners among us, this race is iconic. But, what about the Boston area itself? For competitive runners, being able to train along the marathon route consistently could give them a serious edge, so living in the vicinity could have huge benefits. Boston is the biggest city in Massachusetts, but the 4th most expensive in terms of real estate, behind Brookline, [...]

 
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April 6, 2017

Tips for Increasing Your Home’s Value

Whether or not you’re thinking of selling your home in the near future, you should be thinking of your home’s value. A house is one of the biggest investments you can make; increasing that investments’ value just makes sense... [read more]

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