ORLANDO, Fla. – Hurricane season is here and lasts until Nov. 30, 2016. For the next six months, Floridians face the possibility of major storms.Read More »
ORLANDO, Fla. – Potential homebuyers are guests when they tour a home for sale, so what etiquette rules should home sellers follow? No matter how nice the home is, a seller’s behavior can also affect how buyers feel about making an offer.Read More »
ORLANDO, Fla. – No surprise here: Florida is one of the top states for Americans looking to relocate, so says a recent Harris Poll survey of 2,200 adults in the U.S. Joining the Sunshine State in the top five are California, Hawaii, Colorado and New York.Read More »
ORLANDO, Fla. – Due to today’s economic realities – including the recent Great Recession – along with the usual health challenges, many of today’s mature adult homeowners may face financial and housing-related challenges as they reach retirement.Read More »
ORLANDO, Fla. – People working together to make their neighborhoods a better place to live and their communities stronger and more vibrant: That’s the goal of the new “Placemaking” movement gaining ground in many areas across the nation.Read More »
ORLANDO, Fla. – Every living situation has something that bothers the homeowner, and those issues often prompt them to look for a new place to call home. A recent survey from mortgage data research firm HSH.com polled more than 1,000 Americans on what upset them about their homes, their neighbors and their neighborhood. Op4G conducted the survey.Read More »
ORLANDO, Fla. – What did housing in America look like in 2013? According to the 2013 American Housing Survey released by the U.S. Department of Housing and Urban Development (HUD) and U.S. Census Bureau, 87% of homes were occupied, an increase since 2011; 35% were rented; and more than one home in 10 stood empty.Read More »
ORLANDO, Fla. – Pets are part of the family for many American homeowners: 68 percent of U.S. households have at least one pet, recent studies show. But when it’s time to sell the family home, pets can complicate the process.Read More »
ORLANDO, Fla. – International sales are not the exception in Florida, they’re simply a normal part of doing business: A majority of Florida Realtors® members (69 percent) say they have international clients. Overall, one in four U.S. international sales take place in the Sunshine State, according to Florida Realtors’ recently released “2015 Profile of International Home Buyers in Florida.”Read More »
ORLANDO, Fla. – What do potential buyers notice first when they visit a home? The exterior, which makes a home’s curb appeal crucial, according to the 2014 Remodeling Cost vs. Value Report from the National Association of Realtors® (NAR). Exterior projects were among the most valuable home improvement projects cited.
“Deciding what remodeling projects to undertake can be difficult for homeowners because there are so many things to consider, including costs and time involved in the project,” says 2014 Florida Realtors® President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and The Villages. “Realtors know what home features are important to buyers in their area, but a home’s curb appeal is always important since it’s the first impression for buyers.”
Exterior replacement projects offer the greatest bang for the buck, the report found. Projects such as entry door, siding and window replacements can recoup homeowners more than 78 percent of costs upon resale. In fact, eight of the top 10 most cost-effective projects nationally, in terms of value recouped, are exterior projects.
A steel entry door replacement is expected to return the most money, with about 96.6 percent of costs recouped upon resale, according to the report’s findings. The steel entry door replacement is consistently the least expensive project in the annual Cost vs. Value Report, costing little more than $1,100 on average.
A wood deck addition came in second with about 87.4 percent of costs recouped upon resale. Two different siding replacement projects also landed in the top 10, including fiber-cement siding, expected to return 87 percent of costs, and vinyl siding, expected to return 78.2 percent of costs.
Two garage door replacements were also in the top 10; a midrange garage door replacement is expected to return 83.7 percent while an upscale garage door replacement follows closely at 82.9 percent of costs recouped. Rounding out the top exterior remodeling projects were two window replacements: A wood window replacement is estimated to recoup 79.3 percent of costs and a vinyl window replacement is estimated to recoup 78.7 percent of costs.
Turning to the inside of the house, two interior remodeling projects in particular can recoup substantial value at resale, according to the report.
An attic bedroom is ranked fourth and is expected to return 84.3 percent of costs; nationally, the average cost for the project is just above $49,000. The second interior remodeling project in the top 10 is the minor kitchen remodel. The project landed at No. 7 and is estimated to recoup 82.7 percent of costs. Nationally, the average cost for the project is just under $19,000. The improvement project likely to return the least is the home office remodel, estimated to recoup 48.9 percent.
For the second year in a row, Cost vs. Value data shows that the value of remodeling is up for all 35 projects included in the survey. To read the full project descriptions and access national and regional project data, visit www.costvsvalue.com.