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QUICKREAD
Information courtesy of The Bray Report produced monthly by Bray Real Estate, which compiles data from several sources, including the Grand Junction Area Realtor Association Multiple Listing Service and the Mesa County Public Trustees office.
By Special to the Sentinel Wednesday, September 10, 2014
Between Jan. 1 and July 31, 2014: 1536 properties were sold in Mesa County. The median price for those sales was $180,000 which is a 5 percent increase over the same period in 2013. The number of sales is down about 3 percent during the same period in 2013 (1,578 homes sold). Of the 260 homes sold in June, 28 sold for less than $99,000, 123 sold for between $100,000 and $199,000, 71 sold for between $200,000 and $299,000, 24 sold for between $300,000 and $399,000, 10 sold for between $400,000 and $499,000, 4 sold for between $500,000 and $749,000 and none sold for $750,000 or more. Listing inventory is up 11 percent from the same time one year ago (115 more homes), but down 37 percent from four years ago. Homes sold in January through July spent an average of 91 days on the market. Building permits through July are up 1 percent from last year.
Dave, We are planning on putting our home up for sale next spring, but in the meantime we are going to be taking care of general maintenance items that need to be addressed and also those things that are in need of obvious repair. We are considering several other more significant improvements like updating the kitchen, the bathrooms and potentially the carpet. We do have a limited amount of money to make the fixes and we were wondering which of these might prove to be the most beneficial? We are looking to make the most impact, but also be putting our money and time in the right places, considering we are selling soon and will no longer be there to enjoy our improvements. Any advice would be great. Ron and Beth, Grand Junction
Ron and Beth, Great question and also wise to start planning for a spring sale now, especially if you have work that needs to be done! Planning to get your home in tip top condition is not only in your best interest financially, but will also help you sell your home in a more timely fashion, assuming your price it correctly! Condition is one factor that every seller has control over and should never be overlooked, as you never get a second chance to make a first impression and first impressions are very valuable. When you take care of all the things that obviously need repair and also dial in the overall condition, you will be well on your way to getting ahead of your competition. I can generally say that cosmetic fixes go a long way in making your homes first impression a better one. I always recommend flooring and paint, as those are two items that can make the biggest impact for a reasonable investment. As for more complex or major remodeling projects I generally go to another source, the Cost vs. Value report that is annually put together by Remodeling magazine and Realtor magazine and can be accessed in its entirety at realtormag.realtor.org. The Cost vs. Value report is a wonderful tool to see, on average, what return you can expect from any moderate/major remodel you are considering. Remember the returns may be greater or lesser depending on many variables, but it is a nice measuring stick to see how different projects stack up on a national level. Remember, this is a good measuring stick, but not a definitive indicator or expected rate of return for our specific market or your specific home. Some of the highlights are as follows:
Front entry door replacement with steel door returned 85% Deck addition returned 77% Siding replacement (with fiber-cement) returned 79% Garage door replacement returned 75% Minor kitchen remodel returned 75% (major kitchen remodel 69%) Window replacement returned 72% Bathroom remodel returned 58%
One thing to note here, most of the highest returns on the list deal directly with exterior changes! Curb appeal is one of, if not, the most important aspects of selling any house and often times the most overlooked. Remember, buyers are generally exposed to your home online first and then drive by it several times before scheduling a showing. My recommendation would be to make sure you spend an adequate amount on the exterior to spruce it up and make sure that the curb appeal is as good as you can get it and then look to the inside for other improvements. A growing trend is outdoor living and entertaining space that provides a real impact for potential buyers! Inside, go with flooring, paint and fixtures first and then move on to the kitchens and bathrooms. Remember to spend wisely and have your real estate agent help you decide which improvements can be done to deliver the most impact at the most reasonable cost! New pulls on kitchen cabinets, new light and sink fixtures with a wow back splash can sometimes provide enough impact and keep your costs down. I hope this helps.
Dave Kimbrough The Kimbrough Team REMAX 4000 Inc.
Do you have a question? Send it to askdavegj@gmail. com and Dave Kimbrough will personally answer it in this space. Some questions may be more technical in nature than others and require more time to research. Due to volume we cant guarantee a response to every question.
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Real Estate Q & A
Five roofers could be heard banging on the rooftop of Trinity Preschool in Merrill throughout the week, as they work to give them a brand new roof free of charge.
"We had to tear the whole roof off, tear all of the siding off so that we could flash everything correctly and now we're putting the shingles back up," said Ryan Ott, owner of Ryan Ott Development and Construction.
The preschool is the winner of the company's free roof giveaway, voted on by Lincoln County fair-goers. Twenty-seven families and non-profits wrote letters to Ott describing why they need a new roof. He then narrowed the group down to nine and let the people decide.
"Oh my gosh! We are so blessed," said Trinity Preschool Principal and Director Kathy Yahr. "It was just so exciting when Ryan called me and told me. I knew we were getting lots of votes. I was going to the fair everyday and people were saying 'I voted for you! I voted for you!' and then when he called we were all just so excited. Our whole congregation is celebrating."
The school was in rough shape.
"We had all kinds of problems, there were actually shingles that were loose, there was a lot of mold an mildue on the top of it, it was just an old decreped roof that was in much need of replacement," she said.
Ott donated their labor and ABC Supply and Atlas Shingles both provided the building materials. Ott said he wanted to help someone in need.
"I thought it would be a good way to give back to the community," he said. "There's a lot of people that need a new roof and it's an expense that can be pretty hard to come up with."
"It's been on our trustee's list of projects that need to be done for probably 5 years at least," said Yahr. "We're kind of in a place where if something is an immediate need, if a window is broken, we replace that. I don't know how long it would have been before it would have really happened. It might have been another five years and then we probably would have had more damage to the building."
It came just in time for the school year too, with a new crop of students coming in on Tuesday.
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Merrill Preschool Wins Free Roof From A Generous Company
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Orlando, FL (PRWEB) August 19, 2014
Choosing a resilient, quality siding is essential for the integrity of a home as well as exterior appeal. When it comes to selecting siding, its important to remember that not all products are created equal.
Vinyl siding is certainly a lot more durable than its ever been. Vinyl as opposed to wood siding is the same color all the way through, and there are additives to make it fade-resistant. However, when it comes to strong wind, its not a very reliable product. Back in the 2004 hurricane season, many vinyl siding homes had pieces of siding completely blown off. Wind certainly is an issue with vinyl siding, and, exposed to the elements in Florida, wood siding product is going to dry, crack, and deteriorate, says Jared Mellick of Universal Roof & Contracting.
Additionally, since vinyl is not tightly nailed to the home, it invites insects and moisture to build behind panels, potentially penetrating the structure of the home. Since vinyl siding is often installed over old, problematic existing siding, any current problems may continue to get worse.
In his recent article in Lake Mary Healthy Living Magazine, Jared Mellick emphasizes why fiber cement siding is superior to other options.
Fiber cement siding is a great alternative for those who want the look of wood, but not the cost or maintenance associated with it. It is extremely durable and will help protect your home from rot, fire, wind, and insects. This revolutionary material employs weather and color technologies that provide solid protection and a surprisingly varied range of factory-applied colors and textures. Only slightly more expensive than vinyl siding, fiber cement siding is definitely worth considering for a long-lasting, cost-effective exterior makeover.
Universal Roof & Contracting uses James Hardie products inventors of fiber cement siding. James Hardie offers a full line of siding products engineered specifically for the demands that Floridas climatic conditions place on a homes exterior. Due to its impact resistance against hail and windblown debris, fiber-cement siding has been specified by hurricane-zone building codes for building homes in hurricane-, tornado-, and wildfire-prone areas. Fiber cement siding resists rotting, warping, cracking, hail, and high winds up to 150 mph.
James Hardie fiber cement siding is enhanced with Color Plus a baked-on finish that comes in a variety of colors and offers maximum durability and resistance to climate and moisture contact. Moreover, this revolutionary finish lasts up to 2xs longer than field-applied paint and comes with a 15-year warranty.
When compared to fiber cement siding, vinyl siding and wood siding cracks, fades, leaks, is susceptible to warping from heat, and consequently, lacks the durability necessary to withstand Floridas variable climate.
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(PRWEB) August 19, 2014
11. Neighborhood Improvement: Location is the most influential aspect of a homes value. While one cannot literally relocated the home, there are many ways to improve the neighborhood to improve home values for the entire block. Participating in a neighborhood association and neighborhood watch is a great start. Neighborhood associations organize events that increase interactions between neighbors and provide a group to better voice neighborhood concerns as a group to the local municipality. Neighborhood watch groups provide an additional deterrent against crime and act as an extra pair of eyes for law enforcement in general. Often, a home owner could participate for no more than an hour a week to significantly improve the efficacy of these groups.
10. Cut the Clutter: It goes without saying that a clean home is a more appealing home. However, clutter refers to the extraneous stuff that commonly lies around in plain sight. Examples include keys, tools, briefcases, backpacks, notepads, magazines, toys and any other every day item sitting in plain view. Simply find a temporary storage place for these things before a viewing or appraisal.
9. Paint and Plaster: Nearly every home has a few walls with dings or scrapes. Although seemingly insignificant, such spots may tarnish the whole room in the eyes of a prospective house buyer. Luckily paint, rollers, paint brushes, plaster, and a putty knife are all cheap. Painting and plaster repair are very basic for even the newest do-it-yourselfer.
8. Opening New Doors: There are one or two doors for every room in a home and every time someone opens a door they will touch the doorknob. Therefore new and matching door knobs are a clever way to subtly improve every room in the home. It is unlikely, though, that a complete door replacement is necessary as doors may just need a new finish or coat of paint. However, the front door is an exception. A nice front door improves the entire face of the home.
7. Slick Siding: Whether its siding, brick, stone or even the hallway outside of a condominium unit, the outside of the home looks much better if it is clean. Simply spraying the outside down with a hose is another quick way to improve the home that many home owners often forget. Home owners willing to spend a bit extra will see a great return on new siding as well.
6. The Bright Side: Upgrading light fixtures will quickly and easily brighten up a room. Replacing lights is a relatively easy project for do-it-yourselfers, as many complete such a project in less than two hours and only pay for the light itself. However, installing additional light fixtures often requires a licensed electrician.
5. Appliances Applicable: There are two different directions that a home owner may go when deciding the role appliances will play in improving their homes value. The most obvious choice is to buy all new appliances, although this may be rather timely. It is important to give sufficient consideration to how new appliances will affect a price assessment and whether new appliances is the right investment for you. While replacing appliances will certainly raise a propertys value, relatively new appliances can easily be improved with some appliance paint and a good cleaning.
4. Counters and Cabinets: Most real estate professionals agree that the kitchen is the most important room in determining home value and making the sale. One easy way to improve the kitchen is to improve the cabinets. However, replacements are not always necessary. Refinishing existing cabinets and installing new pulls are a quick and easy way to improve the whole kitchen, while leaving the cabinets in place.
3. Better Bathroom: After the kitchen, bathrooms are next in line for determining home value. New tile, showers and tubs can be costly, but there are other ways to improve the bathroom. A new sink and toilet are quick and cheap projects that can add value to a bathroom. Paying the extra $20 to $60 on the new faucet and paying $15 for a nicer seat cover can greatly improve the rooms appearance, especially given the low cost.
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11 Best Home Improvements to Quickly and Inexpensively Increase Home Value
By Gord Bowes, News staff
Neighbour complaints about the shabby state of Sherwood Secondary School have resulted in an order from the city to fix up a decaying exterior wall. The Hamilton-Wentworth District School Board in mid-July was issued a property standards order for repair or replacement of the siding on the north wall and northwest corner of the building. It has until Sept. 12 to comply. East Mountain councillor Tom Jackson said a number of residents in the Sherwood neighbourhood have called his office and city departments requesting something be done with the unsightliness of the north wall. Large sections of the stucco exterior are missing as a result of weather and vandalism. Jackson said the city tried to work with the school board to have the problems fixed, but nothing happened. I think failing that, work orders have been issued, he said. Laura Peddle, the school board trustee for the area, said a temporary fix and a coat of paint is in the works for the wall. A board spokesman said the work is expected to cost less than $10,000, but as of Monday there was no timeline regarding when the work would be undertaken. Board staff proposed Sherwood be closed during a review of Mountain high schools in 2011. Its condition was rated poorer than any other building up for closure, requiring about $30 million in repairs, but at the eleventh hour trustees decided to shutter Barton instead, along with Hill Park and Mountain. Neighbourhood resident Stephanie Baschiera said she has watched the deterioration over the last five years and emailed the board in June about the continued state of decline but did not receive a reply. I think it sends a message about the condition of the school that I dont think is true, she said. The school was saved. The school has been identified, in a meeting as recently as the spring, as a priority for the board. Its a real shame the exterior looks like it looks. Peddle said the board is making improvements at the school. This summer, for example, a new hardwood gym floor is being installed. She said $3.5 million has been allocated for new science labs, upgrades of electrical, heating and ventilation systems, painting and asbestos removal, along with a permanent fix for the north exterior wall. That work is expected to be done in the second half of the school year and continue through next summer. Sherwood is catching up for lost years, said Peddle.
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Hamilton school board ordered to fix up school after neighbour complaints
HARRISBURG, Pa., Aug. 15, 2014 /PRNewswire-USNewswire/ -- Governor Tom Corbett announced today that 39 rail freight improvement projects that will help sustain nearly 34,000 jobs across Pennsylvania were approved for funding from two PennDOT-managed programs.
"Transportation is a proven economic driver and these investments will help these companies maintain and create more jobs,'' Corbett said. "Ensuring that these facilities and assets are ready to meet consumer demands is vital to keeping our state competitive."
The State Transportation Commission (STC) voted Thursday to approve nearly $35.9 million for 13 projects through the Rail Transportation Assistance Program (RTAP) and 26 projects through the Rail Freight Assistance Program (RFAP). RTAP is a capital budget grant program funded with bonds and RFAP is underwritten through the new Multimodal Fund, created by Act 89.
"We have continued investments in Pennsylvania's rail network because it helps keep our transportation assets strong as a whole," Corbett said. "Since January 2011 we've invested over $167 million in rail and Act 89 will help us continue those efforts."
Last November, Corbett signed Act 89, a far-reaching transportation program that clears the way for significant investments in all transportation modes.
For more information, visit http://www.dot.state.pa.us.
Media contact: Rich Kirkpatrick or Erin Waters-Trasatt, PennDOT 717-783-8800 Steve Chizmar, Governor's Office 717-783-1116
Editor's Note: Following is a by-county list of approved rail freight projects under the programs with the state share:
RTAP Projects:
Allegheny County
Link:
Thirty-Nine Rail Freight Projects Approved For State Funding; Action Sustains Nearly 34,000 Jobs