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The Worst Home Projects For The Money

Tips For Selling Your House Fast

Where Will 30 Year Mortgage Rates Be In 12 Months?

Fannie Mae and Freddie Mac Are Offering 3% Down Programs

Search the Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

The Lowry Team Keller Williams: Love It Or List It

December 22, 2014 by Eric Lowry Leave a Comment

The Lowry Team Keller Williams: Love It Or List It

Many of you have seen HGTV’s Show Love It Or List It. For those of you that haven’t, the show is a competition between an interior designer and a real estate agent.

During the show, the interior designer works on transforming a home into something that will make the home owners want to stay in their current home.

Meanwhile, the real estate agent works on finding the home owners a new home that will appeal to them more. Unfortunately, very few of us are going to have the stars of the show show up on our doorstep. So, for us it is the do-it-yourself version of Love It Or List It!

Love It?

Perhaps you have been putting off some projects, large or small, around the house. The lack of resources such as time and money make it difficult for a homeowner to keep up with all of the maintenance and updates that we would like. So, home improvements have been put on the back burner. Now you are at a point that you must do something or move on. Would you want to stay in your home longer if you updated a bathroom or renovated the kitchen? Talk to a professional. Find out how much the project would cost and how long it would take to complete.

List It?

Talk to a real estate agent. Let them know up front that you are trying to decide between updating and selling your home. Specify what exact changes you would like to see in your home. Together, with your real estate agent, tour some homes with those particular desired features. Narrow down exactly what you want and like in a home. Have your real estate agent do a comparative market analysis for you. Find out what other homes similar to yours are listed for and what they have sold for. Also, find out how long the other homes were on the market.

Love It or List It?

Compare the time and money involved in both your home projects and putting the house on the market. Remember that either way you are either opening your home to workers or to buyers. Whatever you choose to do, there is bound to be some stress and inconvenience involved. In the end, choose the route that will make you and your family happiest in the long run.

In a love it or list it situation? Call Eric Lowry, CEO and Listing Specialist for The Lowry Team, Keller Williams Realty at 513-874-1830. Ask about our Guaranteed Sale Program. The Lowry Team will sell your home in 88 days or less, or sell it for free!

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

The Worst Home Projects For The Money

Tips For Selling Your House Fast

Where Will 30 Year Mortgage Rates Be In 12 Months?

Fannie Mae and Freddie Mac Are Offering 3% Down Programs

Search the Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home

The Worst Home Projects For The Money

December 17, 2014 by Eric Lowry Leave a Comment

The Worst Home Projects For The Money

Home renovations and projects are never a sure guarantee that you will recoup your money invested. If you sell your home down the road, you may or may not get your money back. When you invest a large sum of money into home renovations, be sure that it is for something that will bring you a lot of enjoyment. In the end, it may make you more comfortable while you live in your home but will not be a financial boost to your home’s resale value.

According to a 2014 study done by Remodeling Magazine, the following renovations brought the worst returns on money invested. Please note that all of the projects were moderate to high end renovations done by professionals. These were not do it yourself home projects. All figures are national averages.

Office remodels – An upscale professional grade office remodel will cost $28,000 (national average) and return less than 50% of the cost at resale. One reason for this is that buyers are not as interested in a home office as they are in an updated kitchen.

Sunroom addition – This addition will average $73,000 nationally and yield just a little over 50% of it’s investment. This is, however, a national average. It really depends a lot on the region the home is located in.

Moderate master suite addition – Here is that word addition again! Anytime you add on to the home and it’s foundation, it is going to be a costly project. Remodeling Magazine’s study found that the addition would average $100,000 and you get about a 60% return at the time of resale. Buyers are interested in an updated master just as they would be a kitchen or bathroom. Consider updating or renovating the existing space rather than an addition. The project will cost considerably less that way.

Moderate garage addition – This project will cost around $48,000 and net you a 64% return at resale. If you live in an area where homes do not have garages or lack other storage areas such as attics and basements, this project could really help with resale.

Bathroom addition – Regardless of whether upscale or not, return on investment is around 60% Usually, a homeowner does not just add on a bathroom. It is usually a part of a much larger project. Consider adding a bathroom along with a new master suite addition. First floor masters are increasing in popularity and can be appealing to the home buyer.

In the end, it is your home and you want to enjoy it and be comfortable living in it. Reduce the cost of some of these projects by scaling back on the extras and by doing them yourself. Just be aware that you will most probably not recoup all of the money spent when and if you choose to sell your home.

Thinking of buying or selling a home? Contact The Lowry Team!

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other articles you may be interested in:

Red Flags For Home Buyers

Home Improvements That Are Worth The Investment

Tips To Make Your Porch Pop

The Lowry Team Offers Tips For Selling Your House Fast

Find Your Home’s Current Market Value

Search The Entire Cincinnati MLS For Homes For Sale

Reasons Why You Should Hire A Real Estate Agent

The Lowry Team Helps Their Clients Buy And Sell A Home

December 17, 2014 by Eric Lowry Leave a Comment

The Lowry Team Helps Their Clients Buy And Sell A Home

Eric Lowry, CEO and Listing Agent for The Lowry Team, listed the West Chester Ohio home for sale. The 3 bedroom 2.5 bath ranch home is located at 7081 Butterwood Drive West Chester Ohio 45069.The house was listed for $209,900 and sold for 99% of the list price at $207,900. The home was on the market just 45 days. Features of the home include a large kitchen, bedrooms and an inviting family room with a wood burning fireplace. The home has newer windows, air conditioning and roof.

The Lowry Team also helped their clients purchase a new home. The home located at 4822 Mallard Creek Drive Mason Ohio 45040 was listed for $182,500 and sold for $177,000. The ranch home was a formal model home. The home features 2 bedrooms and 2 full baths. The large master suite has a luxury bath. Other features include a study with a built in desk and shelves. and a screened porch.

The clients said, “We are very pleased with the way Lisa and Eric Lowry handled everything. The service was excellent.” Eric was happy with how smoothly both the transactions went.

If you are thinking of buying or selling a home, let The Lowry Team put their 5 star service to work for you!

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Buying A Home In Today’s Market

West Chester Ohio Is One of The Best Places to Live

Where Will 30 Year Mortgage Rates Be In 12 Months?

The 6 Most Essential Home Buyer Tips

Search The Cincinnati MLS For All Homes For Sale

Find Out What Your West Chester Ohio Home Is Worth

Find Out What Your Mason Ohio Home Is Worth

Tips For Selling Your House During The Holidays

December 3, 2014 by Eric Lowry Leave a Comment

Selling Your House During The Holidays

Many people choose to put off selling their home until after the holidays. However, selling your home now can work in your favor. If you are selling your house during the holidays there will most likely be less competition on the market. Also, buyers out looking at houses during the holidays are extremely motivated. It is a very busy time of the year. People spending time looking at houses are very serious buyers.

Now that we have looked at the benefits of selling your house during the holidays, here are some tips to help you along the way.

If possible, put your house on the market before you decorate for the holidays. Pictures of your home will be taken for the MLS (Multiple Listing Service) and other marketing purposes looking as it normally would.

Once you have listed your house, decorate but don’t go overboard. You do not want your house to seem cluttered and cramped. If necessary move furniture out to accommodate your tree and other decorations.

Take advantage of this time of year when you have showings on your home. Your home feels even more cozy, warm and welcoming during the holidays. Appeal to all of the senses. Play Christmas music softly in the background and have a fire in the fireplace. Bake Christmas cookies just before a showing and have them on a platter for the buyers to enjoy.

Lastly, use out of town guests to your advantage. Enlist their help in keeping your home clean and tidy. Assign everyone a task to complete each day. Delegate so you do not feel overwhelmed.

If you have been thinking of selling your home during the holidays, contact Eric Lowry, CEO and Listing Specialist of The Lowry Team. He can guide you through the whole process, making it as stress-free as possible. Keep in mind that right now there is a lot less competition and buyers looking at homes are extremely motivated.

Contact The Lowry Team of Keller Williams Realty Associate Partners today to get in touch with a real estate specialist. Ask about our Guaranteed Sale Program. The Lowry Team will sell your home in 88 days or sell it for free!

Don’t Hire an Agent…Hire a Team. The Lowry Team.

Buyers and Sellers can reach The Lowry Team Keller Williams at 513-874-1830.

Other Articles You May Be Interested In:

Preparing Your House To Sell: Tidy That Kitchen

Tips For Selling Your House Fast

Selling a Home During The Holidays

Search the Cincinnati MLS for Homes For Sale

Find Out The Current Market Value Of Your Home