- May 3, 2019
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- Angel Fire, Colfax County, Curb Appeal & Staging, Decorating, Eagle Nest, Energy Efficiency, Home Maintenance, Home Upgrades, Mora, Sellers, Taos, Taos Ski Valley, Things to Do, Tips
For decades, home renovation projects were a sure fire way to raise your home value, but all your work might not be worth it these days. So, before you invest a bunch of money into a new deck or an addition on your Angel Fire home, consult with us. Repairs that would be needed to get home loan approval, such as appealing to veteran home buyers using a VA loan, are likely worth it. Still, dumping a bunch of time and money into a project just to raise the value might not be ideal these days. Even a couple of years ago, many home renovations were worth the investment and offered a good ROI. Not anymore according to Remodeling Magazine.
Big projects with the best return include adding a new garage door. Depending on the type of door, that could bring you almost a total ROI. Adding a wood deck to the home could bring in an 83 percent return on your investment. But not all projects are this promising. Imagine installing a back patio for $4,000, and only seeing it increase the value of your home by under $2,000. Hardly worth it, right?
So what kind of things are worth it? The analysis found that smaller changed pay out a higher return. Things like new carpet, deep cleaning, and fresh paint will draw more homebuyers in. A DIY project in which you simply convert livable attic space into a bedroom could absolutely be worth it. Adding an addition to make way for another bedroom could certainly expand the buyer pool for you, but at what cost?
So, before you make any huge, expensive upgrades to your home, please contact us so that you know what you can expect from your investment. We can look at your individual home, the neighborhood pricing and other factors to give you the most accurate estimate of home value and let you know whether your home renovation projects are even worth the extra time and effort.
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ARE YOU LOOKING FOR REAL ESTATE IN NORTHERN NEW MEXICO?
If you’re interested in moving to or within Northern New Mexico, contact Coldwell Banker Headin’ Home Realty for all the best listings and most up-to-date information. We are your Angel Fire area experts. Our talented, helpful real estate agents in Angel Fire specialize in residential homes, commercial buildings, condos, vacant lots, and ski properties. We’d love to help you find property with ski in ski out access in the Angel Fire, Eagle Nest, Red River, Mora, Colfax County, Taos, and the Taos Ski Valley areas.
Reach us by telephone at 1-575-377-1192 or by email. Check out our online listings from the comfort of your home. View virtual tours of Angel Fire real estate. You can also just swing in and see us! We are located right in the heart of Angel Fire, in the Mountain View Mall next to Lowes Grocery Store.
Don’t forget to find us on Facebook for the latest information on Angel Fire property listings! So, whether you are looking for ski property, land, or a mountain home, we are eager to help make your dreams come true!