5 Tips for Adding Value to Your Home

 Home Renovation

If you’re thinking about Renovating or Adding On To Your Home Follow These Simple Tips

By Jason Boone

BEND – One of the great things about 2014 has been low mortgage interest rates which has enabled many people to refinance and renovate their homes.

If you’ve been thinking about adding value to your home by either a home renovation or addition this article will provide you with simple tips which will enable you to add value and get the most return on investment.

Tip 1 – Create a Good Plan

Even though remodeling or renovating a home may be an exciting process the most important thing you can do to get the highest Return on Investment of your money is to focus on creating a good plan first before you start renovating.

Don’t build cheap and fast, take the time to have a plan and a strategy in place because this will not only save you money in the long run but it will also save the builder money as well because they will be on the same “page” as you from the very beginning.

Tip 2 – Choose Quality over Quantity

Although you may be able to get more for less, the reality is that you will only be happy with your remodel if you use quality materials first rather than trying to get the most for your budget.

If you want stainless steel appliances in your kitchen, granite counter tops, wood floors or other high end materials in your home focus on getting the quality you want first because this will help you to continue loving your home and remodel years from now.

Tip 3 – Opt For A Coherent Design

Many homeowners over the years have made the mistake of choosing home renovation designs which did not complement the original shape or architecture of their homes.

Before you start your remodel or renovate your home make sure that the plans you choose compliment the design of your home because this will help your renovation to appear to be an original part of your home instead of a renovation or addition which was obviously added on over the years.

Tip 4 – Make Sure Your Home Will Be Able To Sell In The Future

You may be in love with the plans for your potential remodel or renovation but the main question you should ask yourself is: will I be able to sell my home in the future after I remodel it?

This question is important to ask because, sometimes it’s easy to overbuild with a remodel or renovation and your home may not be what buyers are looking for in the future so it’s important to review comparable homes in the neighborhood and or speak with a Realtor about your plan before you start construction.

Tip 5 – Don’t Forget To Follow the Rules

Last of all, but most important, don’t forget to follow the rules with your home remodel or renovation by building up to code and getting permission from your HOA if needed because, some neighborhood across the country do have specific requirements for the design of homes and it’s important to make sure you get approval across the board before you begin construction.

For more tips which will add value to your home or to view the latest homes for sale in Bend contact me, Jason Boone, Principal Broker with Duke Warner Realty | Skjersaa Group by calling me at (541) 383-1426 or by emailing me at jason@sgbend.com.


What Happens When The Seller Doesn’t Make Repairs To Their Bend Home?

jason boone bend oregon realtor

During the process of searching for a home in Bend Oregon, you may come across the perfect house, but there are repairs that need to be made.

As the home buyer you’ve done your “due diligence” and hired a home inspection service than submitted your repair request to the sellers listing agent but what happens if the owner of the home that you’re interested in buying doesn’t make the repairs to the home that you’ve requested?

When purchasing a home the owner of the home (seller) is responsible contractually for making repairs to the home that have been negotiated between the buyer and seller but if the repairs are not made to the home as the buyer requested then the buyer has several options to choose from including:

Postpone Closing Until The Repairs Have Been Completed

This option isn’t one that the buyer or seller typically wants to choose because both parties are ready to move forward with their lives, but if it’s chosen, both the buyer and seller can extend their closing date by drafting an addendum to the sales contract.

Put The Repair Funds In Escrow

As the buyer, you want the repairs made, before you move in the home, and you also have the option to request that the funds be put into an escrow account until the owner has made the repairs on the home.

If the seller doesn’t complete the requested repairs by a specified date, you will be issued the funds and will have the ability to make the repairs to the home on your own.

Ask For A Credit From The Seller

Although this step could be risky since home repairs are often more expensive than originally thought it could be a smart decision for you to ask the seller for a credit, for the home repair costs, so the sale can close without any problems.

Go Back To The Table And Re-Negotiate

Last of all, but most important, if you’re not able to come to an agreement on what repairs the seller should make to their home you might want to sit down with the seller and re-negotiate what repairs they should make.

This step doesn’t always work out in the favor of the home buyer but it may enable you to close the sale with the seller and get into the home sooner, rather than later.

For more tips on how to deal with repairs before you purchase a home, or to view the latest Bend Oregon homes for sale, contact me today by calling: (541) 383-1426.

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