Tuesday, February 11, 2014

You may be surprised at what the best return on your investment is on a single home improvement.

What is the single best ROI (return on investment) on a home improvement?  You may be surprised.


According to National Association of Realtors (NAR), the best return on investment for a home remodeling job is replacing the front door. 

HouseLogic reports: The winner is a Steel Entry Door.  The perennial champ when it comes to giving a return on your investment, an entry door replacement featuring a modestly priced steel door upgrades both energy efficiency and curb appeal. Steel doors come in many colors and can be painted to fit your exterior scheme.

National average cost: $1,162

ROI: 96.6%

Source is: http://www.houselogic.com/photos/home-improvement/best-home-improvement/slide/steel-entry-door/

Wednesday, February 5, 2014

30 Year Interest Rates Fall To Lowest Level In 10 Weeks. Now is the time to buy!

Unexpected good news.  The rates on 30 year mortgages has fallen to the lowest rates in 10 weeks according to the Wall Street Journal today.  This is an unexpected drop as rates for mortgage loans had been going up due to the Federal Government easing their purchase of bonds.  If you have been sitting on the sidelines trying to decide if now is the time to buy a home---you should act now if you want low mortgage rates.


Rates today, according to Bankrate.com is 4.24% for 30 year fixed mortgage.  

Chart below is from my website, www.SoldBySeven.com, courtesy of BankRate.   On my website you can look at the mortgage rates for 30 year, 15 year, 30 year fixed  jumbo and 5/1 adjustable rate mortgages.  





Saturday, February 1, 2014

Older Buyers Do Not Want To Climb Stairs


According to the National Association of Reactors®, if you are young you do not mind climbing stairs.  Once you hit 55 years of age or older, it becomes more important for you to live in a house that is a single level.  



Source is 2013, NAR Home Features Survey.