Archive for the ‘Listing your Brooklyn home’ Category

To List or Not to List: 7 Strategies To Help With That Decision

Saturday, January 30th, 2016
To list or not to list

To list or not to list? Together we can help you decide.

To list or not to list? Should you or shouldn’t you? When a new year arrives, the desire for change usually does, too: health, finances, job, home, education, etc. If you’re wondering whether or not you should take on a change of address in Brooklyn this year, here are 7 strategies to help with that decision:

1. Examine the elements of your home to help you decide to list or not to list

Think about the traffic pattern, how dark your home might be and if you could use a mud room that isn’t there, for example. Now, answer these questions:

  • What really bothers you about your home?
  • What’s missing?

Often the perfect changes can be made without adding a single square foot. Simply taking down a wall or partial wall, removing or changing doors and adding or enlarging windows, can convince you not to list. Eliminating an unproductive traffic pattern, brightening up your home or adding a missing feature can increase your home’s value as well. In his book Staying Put: Remodel Your House to Get the Home You Want (Taunton Press, 2011) architect Duo Dickinson “offers guidance on looking before you leap, ways to avoid pitfalls (and money pits), strategies for staying green or going geriatric, and moves you can make so you don’t have to move out.”

2. Study the land your home is sitting on

The landscape, condition and size of the property can’t be ignored. It’s a good decision to list if the land your home is sitting on:

  • property too small for your gardening passion
  • needs more yard for your growing family and summer entertainment (i.e. barbecues, pool, backyard get-togethers …)
  • lack of parking on or around your property

Remodeling can’t fix those issues!

3. Discuss and weigh your neighborhood’s plusses

Remodeling to fix your home’s issues might outweigh the option to list your Brooklyn home if your neighborhood offers:

  • Shopping for every budget
  • Excellent schools
  • Safety and family entertainment
  • Beautiful parks and walkability
  • Special memories (ie: your kids grew up in that house, your daughter got married in the backyard of that house)

4. Think about how long you plan to stay put

If you plan to stay put for at least 5 to 10 years, adding on or finishing a basement, may be worth the time, effort and expense. It will increase your home’s resale value, too. But if empty nesters needing to downsize are more likely to buy in your neighborhood, adding on or finishing your basement probably won’t help you sell in the future.

This is where a good financial planner and a mortgage lender can help. A good financial planner will help you gauge your home’s value in relationship to your assets and the needs of your family. A mortgage lender will discuss the costs of a new mortgage and whether or not you need one.

5. Get estimates from contractors, designers, architects or structural engineers

It’s worth paying to get multiple bids from remodeling professionals. Some even offer free estimates! They will:

  • Listen to what you want
  • Appraise your home’s present condition
  • Point out things you may not have seen or thought about
  • Estimate what remodeling could cost realistically

If your house is over 30-years-old and hasn’t been updated, the wiring, plumbing, HVAC system, roof and insulation may need attention. Whether you decide to list or not to list, these things will need to be updated.

6. Compare the resale price and remodeling costs of your home with other homes in your neighborhood

Yes, remodeling isn’t solely done for resale value, and it shouldn’t be. You should consider how much enjoyment adding on or remodeling will give you and your family, but don’t overbuild for your neighborhood. Think of it a little like this: If you live in a neighborhood full of “Volkwagen Bugs,” don’t try to renovate your VW into a “Cadillac.” Changes made to your home will affect its resale value in comparison to other homes in the area. This must be considered. Most people would rather buy a decent home in a great neighborhood than pay for a nicer house in a not-so-great neighborhood. Rismedia.com shares the following great informationThe 2016 Cost vs. Value Report compares, across 100 markets, the average cost of 30 popular remodeling projects with their average value at resale one year later. Average resale value is calculated based on estimates provided by real estate professionals. View the full report, including project descriptions and city-level data, here.

Something else to note here: Improvements can affect the value of your home when it comes to taxes. Depending on whether you are knocking down a wall or adding on to your home, your real estate taxes will or will not change. Look into this before you decide to list or not to list.

7. Walk through homes that are available in your price range in neighborhoods you like

You may find a home with a better floor plan. You may discover one with the just the right number of bedrooms and bathrooms, a great kitchen and a great yard, too. It may need some paint, new carpet or a renovated master bathroom, but compared to the costs of remodeling your current home, you should list.

Sometimes it makes better financial sense to list. Sometimes it makes better financial sense not to list. Before deciding to list or not to list, consider the cost and time of remodeling your home and all the facts.

Get estimates. Talk with a financial advisor and mortgage lender. Call me, Charles D’Alessandro, your Brooklyn real estate agent with Fillmore Real Estate at  (718) 253-9600 ext. 206 or send your questions to [email protected]. I’ll provide you with comps for your neighborhood. Together we can help you decide to list or not to list.

 

6 Ways to Grab Attention With Your Brooklyn Home Listing this Spring

Sunday, March 15th, 2015
Brooklyn home listing

Grab the attention of homebuyers! Make your Brooklyn home listing stand out this spring.

Homebuyers in Brooklyn are tired. They’re tired of being cooped up. They’ve spent a lot of time online snuggled beneath a favorite throw trying to keep warm this winter. And what have they been doing online all winter? Shopping the housing market. They’re ready to buy! Low interest rates will begin creeping upward this summer, so homebuyers in Brooklyn will be eager to buy in April, May or June. Freshen up your Brooklyn home listing this spring. Make your home stand out to homebuyers, and grab their attention!

New listings inundate the housing market each spring making it the busiest season for real estate. This means homebuyers in Brooklyn have an over abundance of new listings competing for their attention. Your home must stand out to grab attention. If your home has been on the market since the holidays, your Brooklyn home listing needs to be updated now for the spring housing market. Take it off the market, and put it back on after a few weeks. Homebuyers will then view it as a fresh new listing. Here are 6 ways to grab attention with your Brooklyn home listing to make it stand out this spring.

  1. Impress with curb appeal this spring

First impressions are important. When a buyer sees your Brooklyn home, they know in about 60 seconds if your home is worth their consideration. Making a good first impression with a little curb appeal is easy to do. Pruned trees and bushes, freshly turned garden soil, freshly planted flowers, power-washed walks, porch, driveway, patio and home exterior and clean windows will make your Brooklyn home listing stand out and impress homebuyers this spring.

  1. Organize and start packing

Make your Brooklyn home look roomy and neat. Homebuyers need to see themselves and their belongings in your home. Take a good, hard look at each room, including the garage or shed. Look through your home thoroughly, one room at a time, to avoid overwhelm. Ask tough questions and be brutally honest. Do you really need that end table? Would you miss that knick-knack if you lost it to a fire or gave it away? Then, in accordance with your answers, start packing, donating or tossing. Now you’ll be a step ahead in the moving process when your home sells. Think about it. Do you really need eight sweaters?

  1. Clean and stage your Brooklyn home listing

Now that everything is organized and packed, start cleaning. Curtains, rugs, walls and baseboards, cupboards and drawers are dirtier than you probably realize. Once this cleaning is done, it’s time to freshen up your Brooklyn home listing with a few simple staging efforts. Add fresh flowers, pastel-colored throws and pillows throughout. Matching towels, a bar of soap and a candle in a clean bathroom will catch buyers’ attention.

  1. Groom your pets and clean pet items

If you own a pet, you need to be discreet about it. Homebuyers may love animals, too, but they still do not want to walk into your Brooklyn home and smell your pet or see your pet’s toys. Hide Fido’s presence in your home with lots of fresh air, clean drapes and clean carpets. While your home is on the market, make a special place in the house just for your pets. Keep toys, beds, food, dishes, litter boxes and all that pertains to your pet, clean and tidy in their special place until your Brooklyn home sells.

  1. Update your Brooklyn home listing with minor repairs and home improvements

Replacing old caulk and discolored grout, outdated light fixtures and carpets will do wonders to freshen up your Brooklyn home listing this spring. You don’t need to make major renovations before you list your Brooklyn home. Minor improvements such as matching hardware throughout, new switch plates, polished floors, neutral paint on walls and freshly painted trim will make your Brooklyn home stand out to homebuyers.

  1. Check interior systems and make repairs

Check and make sure all interior systems in your Brooklyn home are working as they should be – heating, ventilation, air conditioning, home security, smoke detectors, fire alarm and extinguishers, carbon monoxide alarms, window seals. If you find repairs that need to be made, make them yourself or hire someone to do it before the buyers walk through for a home inspection. It makes sense to pay $100 now instead of $300 later for the same repair when the buyer requests it.

Call your Brooklyn real estate agent with Fillmore Real Estate, Charles D’Alessandro at (718) 253-9600 ext 206 or email [email protected] for more on how to make your Brooklyn home listing grab attention and stand out this spring. He’s the right listing agent. His experience will help your home sell quickly and for the right price. You can trust his knowledge of the Brooklyn area and the marketing strategy he will create for you. He will represent you well.

Resources:

Homebuying.about.com

Realtor.com

Bankrate.com

Forbes.com

wtnh.com