March 19, 2021

Should you renovate your home?

I get a lot of questions on what to fix or repair before listing a home. Here is some great insight on what is important when selling in 2021. 

 

To Renovate or Not To Renovate Before You Sell

To Renovate or Not To Renovate Before You Sell | MyKCM

When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to keep in mind if you’re thinking of selling this season.

1. There aren’t enough homes for sale right now.

A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark. According to the National Association of Realtors (NAR), there’s only a 1.9-month supply of homes available today. As a result, buyer competition is high and homes are only on the market for about 21 days, during which time many receive multiple offers from hopeful buyers.

In a competitive market that’s moving so quickly, it makes sense to sell your house when buyers are scooping homes up as fast as they’re being listed. Spending costly time and money on renovations before you sell might just mean you’ll miss your key window of opportunity. While certain repairs on your house may be important, your best move right now is to work with a real estate advisor to determine which improvements are truly necessary, and which ones are not likely to be deal-breakers for buyers.

Today, many buyers are more willing to take on home improvement projects themselves in order to get the home they’re after, even if it means putting in a little extra work. Home Advisor explains:

When it comes to the number of home improvement projects completed, Gen Z homeowners are leading the pack, completing an average of 3.5 projects. Millennials closely follow Gen Z, taking on an average of 3.3 projects, followed by Gen X at 2.8 projects. Boomers completed an average of 2 projects, and the Silent Generation completed the fewest projects, on average, at 1.8 per household. Compared to 2019, millennials are spending 60% more on home improvement and doing on average 30% more projects.”

In this market, it may be wise to let future homeowners remodel the bathroom or the kitchen to make design decisions that are best for their specific taste and lifestyle. As a seller, your dollars and time might be better spent working on small cosmetic updates, like refreshing some paint and power washing the exterior. Instead of over-investing in your home with upgrades that the buyers may change anyway, work with a real estate professional to determine the key projects that will maximize your listing, without overdoing it.

2. Focus on getting a good return on your investment.

When planning any bigger projects to tackle, you and your real estate agent will want to discuss the potential return on your investment and if those projects are worth the cost. Some homes do need a kitchen or bathroom renovation, roof repairs, or other major work, but definitely not all of them. You might be surprised by how well your house could fair in today’s sellers’ market. Hanley Wood states:

“The 2020 Cost vs. Value report shows a predictable increase in costs for all 22 remodeling projects but a consistent dip in the perceived value of those projects at the time of home sale, as estimated by real-estate professionals in more than 100 metro areas across the U.S. This results in a slight downturn on the return on investment for nearly all projects relative to the trends we saw in last year’s report.”

Ideally, homeowners getting ready to move should try to avoid over-investing in big renovations if they won’t make that money back when they sell their house. According to the 2020 State of Home Spending report from Home Advisor:

The average household spending on home services rose to $13,138, an increase over last year’s survey results, where homeowners who did projects spent $9,081 on average in 2019.”

Before you renovate, contact a local real estate professional to see if it’s the best course of action. You may find out that putting your house on the market as-is will help you sell quickly, and it may result in the best return on your investment. Every home is different, but a conversation with your agent is mission-critical to make sure you make the right moves when selling this season.

Bottom Line

We’re in a strong sellers’ market, and that means you have the leverage to sell your house on your terms. Let’s connect today to determine if renovating is really the best way to spend your time and money before you sell.

Sept. 18, 2013

USDA Home Loans in West Atlanta and West Georgia

USDA Home Loans in West Atlanta and West Georgia

Are you in the market for a new home in the West Atlanta Area?  Many people of familiar with the FHA loan that requires a minimum of 3.5% down but did you know what your loan options are?  Depending on the location of the home you find and want to purchase, you may want to check out the USDA Home Loan program.USDA Home Loan

Why USDA?  Yes, the same folks that stamp your meat at the grocery store has a divison that loans funds for rural development such as home purchases to name one.  The catch is that is the home must be in the specified area to be eligible and there are income limits that you can't go over.

So what are the benefits to the USDA home loan program?  Here it is in a nutshell.

  • You can go through a traditionl lender that participates with the USDA home loan program.
  • No Down Payment required, so 100% financing.
  • The is a Guarantee fee that can be put into the loan.
  • It is a 30 year loan product with competitive interest rates.
  • The typical ratios are 29% for home loan and 41% for overall debts.
  • Typical closing costs can be rolled into the loan if borrower likes.
  • Borrower to apply with participating lender of their choice.
  • Loan program is not just for first time buyers.

Have a property to verify USDA Eligiblilty click below

Click here for the USDA Web Site Property Verification

 

 USDA Eligiblity Map

Usda Eligibilty Map

June 7, 2013

Water Front Homes in Fairfield Plantation

 
PRICE REDUCED!
 
Lake Living 45 Minutes From Atlanta
Schedule a Showing
Search Fairfield Plantation Lake Homes
Villa Rica Foreclosures
Dallas Foreclosures
Hiram Foreclosures
Austell Foreclosures
Carrollton Foreclosures
Powder Springs Foreclosures
Douglasville Foreclosures
 
See Property Details
 
Call 770-294-9976 for more information
on this or any other property.
 
 
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Visit Property Website
 
 
 
Courtesy:
Chip Hurst
Email Me Now
770-294-9976
2389 Battle Drive
Villa Rica, GA 30180
Bedrooms: 4
Bathrooms: 3 full
List Price: $Get Current Price
Living Area Approx: 3194
 










 
 
Have questions? Ask me.
Equal Housing Opportunity

May 9, 2013

Fairfield Plantation Lake Home For Sale

 
JUST LISTED
 
Lake Living 45 Minutes From Atlanta
Schedule a Showing
Search Fairfield Plantation Lake Homes
Oak Mountain Homes For Sale
Fairfield Plantation Homes For Sale
Villa Rica Foreclosures
Douglasville Foreclosures
What is Your Home Worth?
Homes Close to Where You Work
 
See Property Details
 
Call 770-294-9976 for more information
on this or any other property.
 
 
QR Code
Visit Property Website
 
 
 
Courtesy:
Chip Hurst
Email Me Now
770-294-9976
2389 Battle Drive
Villa Rica, GA 30180
Bedrooms: 3
Bathrooms: 3 full
List Price: $Get Current Price
Living Area Approx: 3194
 










 
 
Have questions? Ask me.
   

 

 

 

 
Equal Housing Opportunity

April 10, 2013

Villa Rica Foreclosures

These bank owned home are moving fast with first time home buyers and investors a like trying to get in these great deals.  With the pace of foreclosure slowing down a but from a couple of years ago, prospective buyers are waiting to pounce on the right property.  Here below you will find the 5 lastest foreclosures to hit the mls.  Feel free to sign up and save your searches and get properties emailed to you as soon as they are listed.

   

$109,344

910 Elderberry Ln, Villa Rica

Traditional Two Story Home in Swim/ Tennis Neighborhood. Large Rooms, Open Floor Plan. Kitchen with work island, and view to Family Room. Hardwood Flooring, Full Unfinis...

  • Beds 3
  • Baths 2.5
  • MLS 07079346

2044 Club Bay Dr, Villa Rica GA 30180

$79,900

2044 Club Bay Dr, Villa Rica

Traditional 2 Story Home located in Swim Community. This neighborhood has a small lake with playground and in ground pool. Nice Outdoor Space. Home has Covered Porch, in...

  • Beds 3
  • Baths 2.5
  • MLS 07033841

809 Regency Ct, Villa Rica GA 30180

$64,900

809 Regency Ct, Villa Rica

Cute starter home has laminate hardwood floors and fireplace in the living room. The master bath has a jetted tub. Fenced back yard and outbuilding for storage. 3 BR, ...

  • Beds 3
  • Baths 2.0
  • MLS 07077256

142 Chadwick Pl, Villa Rica GA 30180

$134,900

142 Chadwick Pl, Villa Rica

First buyer walked!!!! Now's your chance to own this beautiful two story traditional home sits on a full unfinished basement & offers plenty of room for entertaining! Loc...

  • Beds 3
  • Baths 2.5
  • MLS 07037316

123 Harlan Lane Rd, Villa Rica GA 30180

$15,500

123 Harlan Lane Rd, Villa Rica

Great investment!!!! Bank owned 2bd/1ba ranch on a large level lot. Open eat in kitchen, large living room with hardwood floors, covered front porch, vinyl siding & metal...

  • Beds 2
  • Baths 1.0
  • MLS 07076249

April 4, 2013

How much should I bid on a HUD Home

As the  first quarter of 2103 comes to a close, I will show you some real stats on what HUD and other similar homes are selling for on the market.

Many bidders beleive they can come in a swoop up one of these at a huge discount.  A couple of years back that may have been the case.  We were seeing some nice discounts given expecially for homes that sat on the market for a while.  Times have changed in the last year with the shortage of housing inventory.

So what should you bid on a one of these types of homes?  Sure they offer a lot of incentives to purchase but what I am seeing out there now is that these homes are going over bid price and sometimes a lot more over. Below you will find listing data pulled from the local Georgia MLS of government owned homes from first quarter 2013.  You can see that most of the homes sold at list price or above.

Keep this in mind when preparing your bid. 

1. Don't get emotional and just bid to bid, really want that home.
2. Discuss if you are willing to go over the list price with your realtor.
3. Check with your lender to make sure you qualify for the amount of the purchase before bidding.
4. Check with your lender on how much closing costs will be covered and if you will have to make up any difference.

The spreadsheet below shows actual sold properties and their list and their sold price.  Compare if they sale over list or below.

 hud type homes douglas and carroll county sold in first qtr 2013

Hi, I work with buyers and sellers in the West Atlanta area.  I can show and place your bid on any HUD property listed at Hudhomestore.com.

You can reach me at 770-294-9976 or Hurst.chip@gmail.com

I look forward to helping you.

Chip Hurst
Maximum One Realty
770-294-9976

April 3, 2013

Fairfield Plantation HUD Home For Sale

 

Fairfield Plantation HUD Home - Bidding ends 4/12/13

 
 
Just Listed
 
 

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Chip Hurst

Maximum One Realty Greater Atlanta

770-294-9976

Questions?
Schedule a Showing!

 
 

5275 Crockett Ct

Villa Rica, GA 30180

Bedrooms: 3

Bathrooms : 3 (3 full)

List Price: $112,000

Living Area Approx : 1636

 
 

Feature List:

Lot Size: 0

Parking: Garage

 
 
 

 
 
L2L


April 3, 2013

Villa Rica HUD Home Brookside Subdivsion

 

Villa Rica New Listing*** HUD *** $100 Down pmt *** Brookside Subdivision

 
 
Just Listed
 
 

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Chip Hurst

Maximum One Realty Greater Atlanta

770-294-9976

Questions?
Schedule a Showing!

 
 

70 Brookside Ct

Villa Rica, GA 30180

Bedrooms: 3

Bathrooms : 2 (2 full)

List Price: $72,000

Living Area Approx : 1326

 
 

Feature List:

Lot Size: 0

Parking: Garage

 
 
 

 
 
L2L


April 3, 2013

9545 Lakeview Court, Douglasville, GA***HUD HOME FOR SALE

 

You Gotta Act FAST! - HUD HOME FOR SALE

 
 
Just Listed
 
 

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Chip Hurst

Maximum One Realty Greater Atlanta

770-294-9976

Questions?
Schedule a Showing!

 
 

9545 Lakeview Court

Douglasville, GA 30135

Bedrooms: 3

Bathrooms : 2 (2 full)

List Price: $116,000

Living Area Approx : 1943

 
 

Feature List:

Lot Size: 0

Parking: Garage

 
 
 

 
 
L2L


April 3, 2013

4000 ROBINDALE DR DOUGLASVILLE, GA *** HUD HOME

 

WOW***DOUGLASVILLE HUD HOME *** $100 DWN OPTION

 
 
Just Listed
 
 

Profile Image

Chip Hurst

Maximum One Realty Greater Atlanta

770-294-9976

Questions?
Schedule a Showing!

 
 

4000 Robindale Dr

Douglasville, GA 30135

Bedrooms: 3

Bathrooms : 2 (2 full)

List Price: $125,000

Living Area Approx : 1709

 
 

Feature List:

Lot Size: 0

Parking: Garage

 
 
 

 
 
L2L