Here are some ways to add value to your current home. Some are relatively inexpensive, such as painting trim or adding new bark for curb appeal, but solar panels are expensive and depending on the next home buyer, it may not get the direct return as expected (plus solar technology is always advancing).
There are certainly many other ways to add value to a property, one of them involves creating more space by adding an ADU (attached or detached) or adding a carport or garage. I’ll soon be posting my interview with Bob Harrison, owner of Creative Design Builder who specializes in building high-end luxury properties with design considerations working on steep mountain grades in Los Altos Hills, Palo Alto Hills, Hillsborough and others.
Let me know if I can be of any assistance.
I’m never too busy for your referrals. Thanks!
Here are three different California cities’ listing volumes and how they vastly differ in recovery rates and timing. San Francisco may have recovered from their lows as well as San Diego but at a later, but deeper dip, quicker rebound. Look at the gradual decline of Sacramento which could indicate the popularity and movement of folks to more rural /less population dense communities within the state. Many markets are still at the bottom of the curve (see Mike DelPrete article), and some cities, like Phoenix and Denver, may not yet have hit the bottom.
Let me know if you’re interested in learning what your local market is doing.
I’m always here to assist with any real estate needs.
Lynne MacFarlane, MCDM, SRES
Realtor from San Francisco Bay Area to Monterey Bay
831.346.2743 text/voice anytime
Your investment options go beyond traditional stocks and bonds. You can use your IRA investments to purchase real estate or undeveloped land. Any money you make from the investment, either from a sale or rental income, must be directed back into the IRA. Learn more about the benefits and risks by using self-directed IRAs in this article by Policy Genius (click on image).