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A Better Return on Investment

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According to Remodeling's 2016 Cost vs. Value Report, you'll recoup an average of 64% of what you paid for a renovation if you sell your home this year.

Source: 10 Home Renovations That Offer the Best (and Worst) Return on Investment - Real Estate News and Advice - realtor.com

Return on Investment

We've previously discussed Return on Investment (ROI) about how much more (or less) than an asset's cost it is (or will be) worth at resale. It went a little something like this.

ROI

OK. The same concept of ROI applies, perhaps but not always on a lesser scale, to the effect of improvements made after purchase to the resale value of that asset.

Many (not all) buyers want gorgeous granite, jacuzzi tubs, bedroom fireplaces and similar creature comforts. And where these add great value...prestige, will they amount to a dollar for dollar increase in financial value? It depends.

Remodeling Values

It's never good to have the most expensive house in the neighborhood. First, they can stand out like the a Taj Mahal near Quonset huts. Gaudy is definitely not good, IMHO. Worst, pride in ownership can be a bitter pill to swallow when no one cares how much that Italian marble tub cost. When it comes to comparable values, a tub's just a rub-a-dub-dub. Sorry, couldn't resist.

Quickly. What is relatively worth more, adding attic insulation or a bathroom that will relieve congestion come school time? Before we tell it, understand you'll recoup about 67% of improvements on average. Drum roll, please...

Attic insulation, by a long shot of 2:1. Sad but true. Dollarphotoclub_81671951 - Down Payment Assistance

Rehab Loans - Pennies from Heaven

So be careful what you ask for, you might not get it. Unless it's help to pay for remodeling projects on that would be perfect home were it not for the host of improvements needed to make it your castle, whether necessary or not.

With Fannie Mae's and Freddie Mac's HomeStyle Renovation and FHA's 203k loans, it is relatively easy to turn that ugly house into the nosy neighbor's bane of existence.

Energy Efficiency Assistance

How about we add energy efficiency upgrades to our efforts and receive up to $8,000 in help to do so?! This is HOT! No pun intended. Learn more here.

Thanks for reading. Let us know how we can help?


Hot Properties 01/13/16

Hot Properties

 

 

 

 

 

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Return On Investment (ROI)

 

RE ROIReturn on Investment (ROI)

According to Investopedia, ROI measures the amount of return on an investment relative to the investment’s cost. To calculate return on investment, the return of an investment is divided by its cost with the result expressed as a percentage:

ROI

Real Estate ROI PPAR Average_Median Sales Price Chart dec 2015

Compared to precious metals (silver, gold), stocks and bonds, at 6.8% real estate provides the highest ROI on a national scale. Not to be confused with ROI, consider the Pikes Peak market saw a 8% increase in average sales prices from December 2014 - December 2015.

Make Money When You Buy

Not that it is risk free, but with variables such as appreciation, comparative property values, income history and such accounted for with relative certainty, in real estate it is said the money is made at the time of purchase, not so much at its sale. It is no wonder more millionaires have been made in real estate than anywhere else and with careful analysis, you could be the next!

Hot PropertiesWith access to every home listed in the area, we analyze and maintain a database of properties sold as-is which include short sales, estate sales and bank owned properties available at all times. Just click the image to the left for your free download.

Thanks for reading. We look forward to serving your current or future real estate needs.


Mortgage Bond

Mortgage ApprovedAttention renters! Are you ready for a place of your own? And, I don't just mean somewhere to live because, if you're a renter  you already have that! I mean a home that you can paint and fix-up the way you want, where you will have less neighbor worries and, there are so many more benefits to being a homeowner, not the least which is no longer paying someone else's mortgage or nest egg by helping to build their equity, but building your own instead.

Many people I talk to think they can't afford to buy a home. Well just today, July 22, 2015, a search for properties less than $90,000 in El Paso County resulted in 15 results. Now, keep in mind there are down payment requirements for most loans except VA, but a $90,000 loan amount at a 4% interest rate (which not everyone will qualify for) equals a monthly payment for principal and interest of $429.67 (not APR)! Add 1% for taxes and insurance and we're talking about a payment of roughly $505! As you see, with monthly payments this affordable, you just can't afford not to! Not to mention, there are some areas in El Paso County enjoying up to 14% appreciation, meaning if it's worth $100,000 today it's potentially worth $114,000 next year!

Look at the interest rates bank are paying for savings and compare...you'll find that, even at 2% there is no comparison!

And if that's not enough to get you off of the fence, let me nudge a bit and introduce the El Paso County Bond program, which offers down payment assistance equal to 4% of the mortgage amount. And you don't even have to be a first time home buyer to qualify! In case you missed it, this might mean zero down.

Do I have your attention yet? Use the contact form to the right and I'll be happy to help you stop paying rent and start paying yourself.

Source: El Paso County, Colorado • Single Family Mortgage Bond Program


Hone Your Property Investing Skills

Sharpen Skills

The Great Recession brought about a major downturn in the housing market. In this new economic reality, many investors backed off for a few years. Now, they’re slowly starting to come back as the market improves and their wide-eyed dreams of ditching the rat race for wealth and independence expand by the day. If you’re one of the many who have taken the plunge into the housing market or are considering doing so, keep in mind that it can be challenging. In particular, there are four key issues you’ll want to master in order to hone your property investing skills...read more


Assets Are To Be Protected

Asset Protection

As you build your real estate empire, it's more important than ever to protect your assets. One of the most recommended ways of doing so is to use the shield of a corporation or LLC. when doing business. The strategic partnership we just scored will help you do exactly that. Get started today at http://tinyurl.com/ml5xl6p.


Classified Ads

Classified Ads

Great News! We have just added a FREE classifieds ads service to RealEstateSuper!Markets.com! For a limited time, you can post real estate related products and services at no charge, complete with up to four photos! Now, you will have to make sure the photos fit the following parameter...check it out now!


Economic Recovery Underway in 2013

Increase

Not only are investments in residential real estate expected to continue on its path to economic recovery in 2013, they just might add even more to it, as well as in other areas, such as investments in business, equipment and structures spending. Eager to maintain its upward movement, the Feds are expected to maintain the historically low interest rate environment we're in.


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