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Facts About Denison Real Estate Values / Buyer – Seller TipsDenison LotFinancially that may be a good strategy but take heed and purchase your Denison lot with care. Why? Because it can happen that the lot you buy today is not suited at all for the Denison home you want to build in the future. Here are some things to watch out for. Denison Homeownsers InsuranceBundle your Denison insurance policies. Some companies that sell homeowners, auto and liability coverage will take 5 to 15% off your premium if you buy two or more policies from them. Reduce Your Risk. Find out from your insurance company what steps you can take to make your Denison more resistant to natural disasters. If you live in an older home, look into modernizing your heating, plumbing and electrical systems to reduce the risk of fire and water damage. Bitten by the Denison Home Improvement Bug?Before you finalize your decision regarding remodeling versus moving, it is wise to get a professional estimate of your Denison home’s current value, the actual costs of moving to a different home and the estimated return on investment of the most common types of home improvement. I’ll be happy to provide you with a complimentary analysis of your home’s current value. Simply call or E-mail me whenever you are ready. As for improvements that traditionally bring the highest rate of return on investment, here are some statistics. Kitchen remodeling and adding a bath tends to bring rates of return with averaging anywhere from 85% to 95% return on your dollars spent. Compare that with the 64% return on investment for adding a home office. The Benefits of Selling DenisonAs you know, you are allowed to sell your Denison principal residence once every two years and exclude up to $250,000 ($500,000 for a married couple) of the gain of the sale on your Federal income tax. Please note: This is not a once in a lifetime tax savings and you don’t have to be any certain age or buy a more expensive property. If you meet the two-year residence test you can sell your principal residence every two years if you are so inclined and the market cooperates. But this tax saving does not affect rental property unless you convert the rental to your personal residence, live in it for two years and then sell it. When Denison Does Not SellThe number one, main reason why a home remains on the market is PRICE. There can be other problems as well such as the home’s condition or location and even overall market conditions but the major reason for the NO SALE sign is the Denison is over priced. In fact, proper pricing will often overcome most all obstacles. Some people prefer to buy Denison that needs some work if the price is right. Investors look at the property, evaluate the cost of brining it up to speed and make an offer if they feel they can make a quick profit. These kinds of investors are looking to fix and flip. Others with limited budgets may see the fixer-upper as a way to get started with Denison ownership. They may spend years working on improving the home, making improvements as they can afford it. So, a home’s poor condition will not prevent a sale if the price reflects the situation. Denison SALESWhen you are thinking of buying Denison, it may make sense to get a clear picture of the Denison market before you get too far into your search. It is important to know the current market’s strengths and weaknesses so that you can make wise real estate decisions accordingly. |
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