To sort out what you can expect in real estate this year, MONEY zeroed in on four markets: upscale neighborhoods, new investor favorites, booming growth cities, and once-busy areas that have quieted down. Whether your local real estate market is heating up or cooling off, here’s what you need to know about buying, selling or renovating your home.
- Selling: Price carefully. With sales of higher-end properties picking up, homes are increasingly “stigmatized if they stay on the market too long,”
- Buying: Time it right. Want a more expensive home? Buy now before prices climb. However, if you live in a pricey house but are looking to downsize to something less expensive, it may be worth waiting for your current home to appreciate.
- Renovate sooner, not later. Don’t let dated features drag down the value of your home. Owners thinking about remodeling have good reason to act now. Then there’s the issue of rising rates, which would push up the cost of new home-equity loans and most lines of credit.
Selling your house ? Don’t let your roof become a negative negotiating argument!
Contact us, we’ll come take a look and advise you. It’s free and there is no commitment.