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Keeping Current Matters

Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC]

Top 4 Home Renovations for Maximum ROI [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most “Return On Investment” (ROI).
  • While big projects like adding a bathroom or a complete remodel of a kitchen are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.

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Have You Set Up Personalized Posts Yet? | Keeping Current Matters

Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

Your Friends Are Crazy Wrong if They're Telling You Not to Buy | Keeping Current Matters

The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!

Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.

Your Friends Are Crazy Wrong if They're Telling You Not to Buy | Keeping Current Matters

As we can see, the percentage necessary is less now than in those time periods.

The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.

 

Your Friends Are Crazy Wrong if They're Telling You Not to Buy | Keeping Current Matters

Bottom Line

Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, getting the whole story from a real estate professional is crucial.


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Have You Set Up Personalized Posts Yet? | Keeping Current Matters

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ABM REALTY GROUP
Los Angeles, CA 90066
Office: 310-391-2576
info@abmrealtygroup.com

Site: www.abmrealtygroup.com
BRE#: 01344187
NMLS: 249896