Wednesday, March 29, 2017
Top Entrepreneur News

Thu, 30 Mar 2017 02:00:00 -0500

Increase your mailing response rate by tracking and taking a serious look at your results.

Wed, 29 Mar 2017 22:00:00 -0500

How to make investing in your company a no-brainer.

Wed, 29 Mar 2017 21:45:00 -0500

Entrepreneur Network partner Kelsey Humphreys sits down with Jason Saltzman to learn how he bounced back from multiple failed ideas, beat the odds and found lasting success.

Wed, 29 Mar 2017 20:30:00 -0500

Open, no-pressure discussions can create perceptible improvements in how team members work together.

Wed, 29 Mar 2017 20:00:00 -0500

Success or failure in 2017 hinges on a company's ability to do this successfully.

Wed, 29 Mar 2017 20:00:00 -0500

Offshoring engineering teams can be a huge asset for your startup, but it comes with a sea of entirely new challenges

Wed, 29 Mar 2017 19:30:00 -0500

How a company started in a college dorm turned into a 7-figure business.

Wed, 29 Mar 2017 19:00:00 -0500

You may not have heard of them, but these less-known online lenders could be your source of startup cash.

Wed, 29 Mar 2017 19:00:00 -0500

Looking at these eight factors will help you determine the how, what, when, where and why of your financing round.

Wed, 29 Mar 2017 18:30:00 -0500

Don't overlook these five facets of true financial security.

Wed, 29 Mar 2017 18:00:00 -0500

The ideal app is useful, engaging, even addictive, so that people see it as an indispensable part of their daily routine.

Wed, 29 Mar 2017 18:00:00 -0500

Find out how to plan, execute and repurpose your livestream communication to make it truly dynamic.

Wed, 29 Mar 2017 17:38:19 -0500

Forgot something in your ride? You're not alone.

Wed, 29 Mar 2017 17:30:00 -0500

How to be more than just another forgotten business card in a pile.

Wed, 29 Mar 2017 17:30:00 -0500

Be on the lookout for these changes to company culture expectations and the make-up of the workforce.

Thu, 30 Mar 2017 01:20:00 -0500

The Galaxy S8 and Galaxy S8 Plus have arrived, but what's the difference and should you upgrade?

Wed, 29 Mar 2017 23:38:00 -0500

Say goodbye to greased up girls and hello to greasy burgers.

Wed, 29 Mar 2017 22:59:00 -0500

The launch of the Galaxy S8 may give Samsung an advantage in terms of being first to market over September's iPhone 8 release, but it offers Apple a chance to improve on some of the S8’s solutions to basic smartphone elements such as the removal of the physical home key.

Wed, 29 Mar 2017 18:38:00 -0500

Arturo has a feeling his star employee James is job-hunting. Should Arturo ask James "Are you job-hunting?" or not? Is there anything else Arturo can do?

Wed, 29 Mar 2017 14:00:00 -0500

Emotionally intelligent people likely have a bigger bank account...

Wed, 29 Mar 2017 13:01:00 -0500

Construction for the WWE WrestleMania 33 set design is underway in Orlando, Florida and WWE has spared no expense in building one of its greatest sets ever, roller coaster and all.

Wed, 29 Mar 2017 00:13:00 -0500

Recruiters and employers will probe for your salary details -- don't give them up! Do this, instead.

Tue, 28 Mar 2017 02:03:00 -0500

GrubMarket's recent partnership with Alibaba and JD.com, the largest e-commerce companies in China, helped the San Francisco-based startup reached profitability.

Sat, 25 Mar 2017 14:37:00 -0500

So rather than bring in a Honda CRV (by far the best-selling crossover in the compact class), or other similar contenders, to drive back to back with CX-5, Mazda instead lined up three of the best from Germany, plus a premium class rival from Japan.

Fri, 24 Mar 2017 23:53:00 -0500

It's past time we got rid of the five obnoxious and intrusive job interview questions on our list -- and started asking more useful and human questions instead! Here are the five questions to ditch and five replacements.

Latest News & Information

Current Articles | Archives | Search

8 Tips For Home Sale Investment by Chaldean Real-Estate Agents
By Salam Abbo :: Monday, January 7, 2008 :: 70891 Views :: Article Rating :: Living & Lifestyle, Business & Finance

Johnny Bitti hopes to sell his home before July.  Raymond Kalu, Century 21 Hometown agent from Sterling Heights, Michigan says, “Bitti needs to start thinking about how to make his home stand out from the rest.  The trick is to spend time and money on fix-ups, getting the house to look neat and open instead of spending money on remodeling projects.” 

Kalu seems to have his hand on the pulse of the market.  Remodeling magazine completed a study of homeowners across America and the result is that the owners aren't recouping as many improvement costs as they could in recent years.   In fact, real-estate agents advise clients not to overdo it, regardless of what the local market conditions are like.

The investment for any remodeling projects is added to the selling price of the home.  Chaldean real-estate agents say that the buyers market is fiercely competitive and sellers will have trouble selling a home with value added costs added to the bottom line.   The reason is that asking prices are based largely on comparisons with similar homes in the area, Kalu says. “And in the many markets that aren't exactly booming right now, buyers have more negotiating power over the price of a home,” he adds.

www.CHALDEAN.org contacted a number of Chaldean real-estate agents and asked them for their best tips for Chaldean homeowners looking to sell.  Here is what they had to say…

1. Ask for advice.

Before making any remodeling plans, clear your home of clutter and rent a storage unit, if necessary, to hold extra stuff while the home is on the market.  Check online or get some advice from a local real-estate agent on how the home stacks up against the competition.

2. Make a List and Prioritize.

The real-estate agent should help sellers make a prioritized list of improvements that will make a difference. Cleaning the carpets, painting the walls and removing wallpaper are common fixes. It is wise to budget for these tasks before putting money aside for more expensive projects.

3. Dig deeper.

Look below the surface by getting a home inspection before listing the property. That way, problems that could stall a sale are addressed in advance.  Some estimate that for every dollar of perceived defect in the home, buyers want a $2 to $3 discount.

4. Take care of the Essentials.

Buyers often look at a few major items in the home.  Things like furnace, windows, roof, and water heater.  If they look neglected most buyers will wonder if this was neglected, what else?

Repairing some of the necessary essentials such as a furnace helps create a favorable perception of how well the seller took care of the home.  Keeping the windows clean and free and trip pearly white sends out a good message.

5. Look outside.

Pay attention to exterior details of the home like the landscape, address numbers, and lawn.  Consider planting beautiful flowers, removing weeds, fixing cracks in the driveway or porch, power washing the bricks, and the condition of siding and windows.  Curb appeal sets the mood and tone.  Buyers are drawn by photos and price to visit the home and often they make up their minds before stepping into the house.  A beautiful and well kept landscape will go far in helping the buyer come up with excuses for shortfalls inside the home. 

6. Research Remodel Returns.

Take some time and research what the remodeling returns are in your area.  Trends and temperature impact what the seller might be able to recoup from a remodeling or fix-up project. 

According to Remodeling magazine's 2007 Cost versus Value Report, a wooden-window replacement recovers on average 81.2% of its cost at resale, and siding replacement recovers on average 83.2% of its cost. The payoff for those projects is much better than for an upgrade that a buyer might not need. A home-office remodeling, for example, recovers 57% of its cost on average. The estimates are national averages for midrange homes, not upscale ones.

7. Spend time in the bathroom.

Freshening up the bathroom doesn't have to be expensive, but it is very important.  It's most important for the bathroom to be spotless clean.  Sellers should also consider replacing the fixtures, tub, sink and toilet, cracked tiles, or curled linoleum.

The replacements don't have to be expensive. A toilet can cost less than $250, and Chaldean agents recommends taller, handicap replacement toilets that appeal to an aging population.

8. Keep it small in the kitchen.

The other room that often sells a house is the kitchen, but it might be best to keep renovations modest. Remodeling magazine's report found that homeowners could recover 83% of the cost of a minor kitchen remodel at resale, compared with 78.1% of a major kitchen remodel.

Chaldean agents caution clients not to replace refrigerators, stoves or dishwashers. Buyers considering remodeling the kitchen will likely have their own preferences.

Along those same lines, sellers should replace a countertop if it is crumbling but not if its only fault is that it is outdated. Even then, seriously consider material costs: There is no need to update to granite unless the overwhelming competition has granite countertops as well.

Rating
comment @ Monday, July 5, 2010 7:02 AM
Comments from the following blog entry: http://londonrealestateagents.ca/real-estate-agent-tips/8-tips-for-home-sale-investment-by-chaldean-real-estate-agents/