Yahoo! HomesBy Danielle Blundell | Yahoo! Homes – Thu, Jun 13, 2013 7:25 PM EDT

  • Looks aren't everything, but when it comes to your home, it sure doesn't hurt to be the prettiest property on the block. And it turns out that the projects that gussy up your home's exterior can also pay off in unexpected ways.

    Yahoo! Homes/Photo: Thinkstock – Looks aren’t everything, but when it comes to your home, it sure doesn’t hurt to be the prettiest property on the block. And it turns out that the projects that gussy up your …more home’s exterior can also pay off in unexpected ways.

Looks aren’t everything, but when it comes to your home, it sure doesn’t hurt to be the prettiest property on the block. And it turns out that the projects that gussy up your home’s exterior can also pay off in unexpected ways.

“Curb appeal is everything – it’s not just for looks, especially if you’re looking to sell your home,” says Rob Williams, a Washington, D.C. real estate broker and managing partner of DC Home Buzz. “A house can be amazing on the inside, but if the exterior is in disrepair or the landscape is overgrown, you can turn off a large number of buyers because they don’t like the way it looks.”

And that’s just the tip of the iceberg. Curb appeal can also add to your home’s safety  and energy efficiency. Surprising, right?

Keep reading to learn more about how curb appeal can benefit more than just the eye.

Benefit #1: You Can Sell Your Home Faster

Sure, you shouldn’t judge a book by its cover. But unfortunately, when it comes to shopping for a property, that’s exactly what prospective homebuyers do, says Williams.

“We’ve had properties that owners tried to list on their own or worked with other realtors, and they just weren’t moving for months,” says Williams. “Then after a fresh painted exterior, a new entry door, and addressing the landscape, we’ve gotten multiple offers.”

So, what are some things that people pay attention to when they’re driving by? For starters, your entry door is one object that can capture a potential buyer’s eye.

“A new door adds lots of pizzazz,” says Williams, who adds that a door with glass insets allows more natural light to pass through your home, which could be an added bonus when selling.”But if you can’t afford a brand new one, a fresh coat of paint will do the trick on the cheap.”

Another project that will help sell your home – and yield a return on investment (ROI) – is replacing your garage door. Williams says this project can be completed for anywhere between a few hundred dollars to a few thousand dollars. It all depends on what budget and style you’re going after.

“New garage doors definitely have a big impact,” he says. “There are lots of cool designs, including new doors that look like old carriage doors with great hardware and slatted fronts. The only time you wouldn’t get much return on a new garage door is if your home’s garage doesn’t face the street.”

And another area to consider is landscaping, which Williams says really determines whether a house “shines or falls flat” when making that first impression on a buyer as he or she walks up to the property.

“A yucky or barren lawn will really turn a buyer off,” he says.

Benefit #2: You’ll Have Less Home Maintenance

Sounds a little too good to be true, right? That taking the time to DIY or hire out a curb appeal project can actually make the upkeep of your home easier in the future? Well, believe it. According to both Williams and Sean Murphy, DIY expert at Build.com, there are some projects that do payoff in this way.

“Landscaping is a big one,” says Williams. “If you make sure shrubs and plantings gently slope away from your foundation, you could save thousands in potential water damage in the basement.” Essentially, the incline will help runoff and excess rain to drain away from – not toward – your home. This will prevent you from having to perform additional maintenance tasks to keep your basement dry and mold free.

Another suggestion that Murphy has is removing your downspout from your rain gutters and replacing it with a rain chain that will divert rain runoff and prevent soil erosion.

“They look great and really keep your gutters clean,” he says.

What’s another curb appeal project that can lessen your home maintenance? Beautifying your exterior with vinyl siding.

“Today’s vinyl siding offers all the character and charm of wood siding without maintenance worries, rotting, splitting or insect damage. And vinyl siding never needs paint,” according to a publication by the Vinyl Siding Institute. “Unlike other exterior cladding, vinyl siding only requires simple, periodic cleaning with mild soap and a garden hose.”

Benefit #3: A Groomed Landscape Can Deter Criminals

No one likes burglars, but what good is an alarm system if your home’s appearance is constantly making it a target for intruders? Think about it – a property with little upkeep means there are more shadowy places to hide.

“Overgrown bushes can create dark spots where burglars can hide,” says Williams. “Cutting them back will make your home safer so you can see what’s going on your property.”

Add to the mix some path lighting, too, says Murphy. “Outdoor lighting can eliminate trouble spots so intruders can be seen and also make it easier for you to walk on your yard at night if it’s un-level.”

The National Crime Prevention Council (NCPC) offers similar sentiments.

“Your home’s walkways and landscaping should direct visitors to the main entrance and away from private areas,” notes an NCPC guide, titled “Lock Crime out of Your Home.” It adds that “the landscaping should provide maximum visibility to and from your house.”

Benefit #4: Save on Heating and Cooling Bills

Depending on where you invest your dollars, spending money on curb appeal could actually save you money in the long run by lowering your heating and cooling bills.

For Williams, it’s all about good shade trees. Plant a bunch of these babies on your lot, let them grow, and one day they can cut down your energy cost by creating a shield over your home in the summer and keep heat in during the winter.

Looking to save even more? Then window replacement might be a smart option for you, as there are stunning designs available today that can work with any style home, historic or modern, says Murphy.

“Upgrading to double pane windows can be expensive, but have amazing benefits,” he says. “Not only are they harder to break into, they really can help you save money on heating and cooling because they’re so energy efficient.”

Double pane windows also allow for more heated air to stay put in the winter and cooled air to stay inside during the summer. This means you won’t have to crank your HVAC any more or less to stay comfortable during more extreme temperatures.

Benefit #5: Build Community

Believe it or not, according to both Williams and Murphy, keeping up your home’s appearance can make you happier, your neighborhood friendlier, and your community nicer.

“If you do your landscaping and fix up your home, it kind of shames your neighbors into doing it as well,” says Williams. “Not only will your home look great, but if you’re spending time mowing the lawn or painting, you’re maybe more likely to see your neighbors out there doing it as well, and you can say hi and interact more often.”

Murphy agrees with Williams’ theory.

“The value of a neighborhood could even see a slight uptick if you take care of your home and your neighbors begin to say, ‘Hey, so and so’s yard looks great, we should think about doing that to ours.’ “

Murphy also identifies another psychological boost that curb appeal can create:

“When you’re coming home from work, if your yard looks unkempt and your home trashy, you’re probably going to think ‘Here we go again,’” Murphy says. “But if the house and lawn look great, there’s definitely a sense of pride there, and you’re setting that tone for the day instead.”

http://homes.yahoo.com/news/benefits-of-curb-appeal–062812315.html

The real estate community is often criticized for always seeming to have a Pollyanna attitude about the housing market. Many believe that the industry’s current call ‘to buy now’ is nothing more than a scare tactic with the sole purpose of creating more commissions for the industry. Let’s take a look at whether or not that advice was good advice over the last year.

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. According to the most recent Case-Shiller Home Pricing Index, home values have risen over 10% in the last year. If we look at Freddie Mac’s Weekly Primary Mortgage Market Survey®, the 30 year mortgage rate has increased from 3.67% to 3.91% during that same period.

The table below compares the cost of the same exact house over the last twelve months:

difference

We can see that the advice to buy a year ago made complete financial sense.

What About Moving Forward?

Most experts are not only calling for prices to continue to rise but are also upgrading their projections as the housing market is showing strong signs of recovering.

Regarding interest rates, the 30 year mortgage rate has soared by over a half point already this year and many believe that the increases will continue. Even those trying to be the voice of reason on this issue are projecting higher rates. For example, Polyana da Costa, senior mortgage analyst at Bankrate.com said:

“Rates are unlikely to keep going up so quickly and should remain below 5 percent.”

Bottom Line

The next time a real estate professional says that now is the time to buy they may not be giving you a ‘sales pitch’. They may be giving you nothing but excellent advice.

http://www.kcmblog.com/2013/06/10/buying-a-house-is-now-the-time/

 

 

Address Listing Price Selling Price
Bernards Twp. 1 Alexandria Way  $199,900 $193,000
78 Countryside Dr  $209,000 $204,500
231 English Pl  $235,000 $235,000
143 Woodward Ln  $249,900 $238,000
330 Penns Way  $269,000 $247,000
88 Alexandria Way  $269,900 $271,000
95 Aspen Dr  $327,000 $330,000
53 Sycamore Ct  $369,900 $360,000
287 Crabtree Ct  $374,000 $365,000
34 Chestnut Ct  $374,900 $365,000
147 Village Dr  $374,900 $373,000
11 Oak Ridge Rd  $379,000 $367,500
75 W Oak St  $399,000 $376,000
4 Clark Ct  $419,000 $410,000
130 W Oak St  $425,000 $395,000
12 Allen St  $425,000 $425,000
494 Lyons Rd  $469,000 $445,000
81 Dorchester Dr  $469,900 $455,000
9 Plymouth Ct  $469,900 $476,000
17 Brook Ave  $519,000 $519,000
21 Raleigh Ct  $549,000 $549,000
27 Franklin Dr  $599,000 $580,000
13 Allen St  $635,000 $625,000
7 Rocky Lane  $739,000 $726,000
44 Liberty Ridge Rd  $769,000 $740,000
4 Gordon Pl  $799,000 $765,000
30 Princeton Ct  $810,000 $830,000
4 Austin Drive  $815,000 $775,000
2 Hartley Ln  $849,000 $835,000
30 Walnut Cir  $849,000 $835,000
41 Fieldstone Dr  $850,000 $825,000
35 Amherst Dr  $854,900 $824,900
27 E Ash St  $879,900 $850,000
10 Bedford Dr  $895,000 $880,000
122 Linden Drive  $899,000 $908,500
50 Manchester Dr  $924,900 $900,000
12 Queenberry Way  $935,000 $915,000
262 Childs Rd  $939,500 $929,500
30 Darren Dr  $949,000 $950,000
69 Lake Rd  $998,000 $975,000
75 Vanderveer Dr  $1,025,000 $1,025,000
13 Wellington Dr  $1,079,000 $1,022,500
83 Baltusrol Way  $1,349,000 $1,300,000
100 Emerald Valley Ln  $1,794,500 $1,794,500
1 Butternut Ln  $2,690,000 $2,500,000
Address Listing Price Selling Price
Bedminster Twp. 69 Cortland Ln $98,000 $95,000
43 Hyde Ct $109,000 $102,000
49 Larkspur Ct $153,537 $153,537
72 Village Green Rd $184,990 $184,990
51 Birchwood Rd $249,000 $245,000
19 Stevens Ct $279,999 $285,000
3 Birchwood Rd $280,000 $292,000
10 Danbury Ct $289,900 $273,000
41 Eton Ct $339,999 $335,000
20 Cambridge Rd $399,000 $392,000
2 Stone Run Rd $424,000 $415,000
34 Deer Haven Rd $449,900 $435,000
16 Knollcrest Rd $559,000 $530,000
9 Knollcrest Rd $589,900 $575,250
68 Autumn Ridge Rd $599,000 $595,000
12 Edgemont Ln $648,000 $650,000
107 Autumn Ridge Rd $649,999 $650,000
97 Autumn Ridge Rd $759,999 $740,000
685 Old Dutch Rd $1,995,000 $1,500,000

 

Address Listing Price Selling Price
Bernardsville Boro 150 Mount Airy Rd  $399,000 $388,000
27 Ann St  $579,000 $550,000
3 Morrison Ave  $629,000 $620,000
11 Old Colony Rd  $629,000 $598,000
11 Dobbs St  $699,000 $690,000
83 Stone Fence Rd  $1,212,500 $1,050,000

 

Address Listing Price Selling Price
Bridgewater Twp. 3102 Pinhorn Dr  $169,900 $155,000
421 Stratford Pl  $189,900 $170,000
68 Maple St  $190,000 $198,000
2409 Doolittle Drive  $199,900 $192,000
580 E Main St  $205,000 $188,000
3009 Doolittle Drive  $209,900 $202,500
3510 Holman Ct  $236,900 $229,300
408 Porter Way W  $239,900 $232,500
2912 Lindsley Rd  $239,900 $229,500
907 Doolittle Dr  $252,900 $250,000
20 Riha St  $269,000 $260,000
2702 Packer Ct  $274,900 $267,300
401 Brokaw Ct  $279,000 $279,000
164 Oak St  $279,000 $270,000
329 Country Club Rd  $284,900 $270,000
4202 Riddle Ct  $285,000 $272,500
3407 French Dr  $287,000 $283,000
505 Reading Cir  $290,000 $285,500
230 Longview Rd  $299,000 $295,000
97 Bonney Ct  $299,500 $297,000
53 Bond St  $319,900 $309,000
18 Bond St  $325,000 $310,000
675 Thompson Ave  $329,500 $328,000
204 Marcia Way  $335,000 $335,000
778 Harding Rd  $359,000 $350,000
1391 Coriell Dr  $369,000 $346,000
216 Orchard St  $369,000 $345,000
1020 Sunset Drive  $379,900 $330,000
96 Catherine Ln  $385,000 $375,000
2162 Gilbride Rd  $385,000 $385,000
293 Janine Way  $394,900 $398,000
802 Stech Dr  $399,000 $399,000
1038 Route 202/206  $415,000 $375,000
109 Miller Ave  $415,000 $385,000
21 Chamberlin Way  $431,900 $417,000
2 Whitehead Rd  $450,000 $450,000
205 Ten Eyck Rd  $454,900 $440,000
124 Loft Dr  $459,924 $440,000
2 Stapleton Court  $479,900 $453,000
536 Stony Brook Dr  $484,900 $445,000
540 Rolling Hills Rd  $489,000 $470,000
161 Maple St  $489,000 $460,000
763 Chimney Rock Rd  $489,900 $444,000
3 Berwick Dr  $515,000 $490,000
24 Bertran Dr  $525,000 $532,000
10 Boyer Dr  $540,000 $520,000
730 Gate Rd  $545,000 $510,000
7 Hughes Road  $549,900 $560,000
985 Sunset Ridge  $560,000 $540,000
185 Oak St  $599,500 $585,000
2240 April Dr  $614,900 $588,000
1101 Cambridge Ln  $629,000 $619,000
1100 Crim Rd  $689,000 $654,000
10 Davis Ct  $765,000 $750,000
12 Tillman Ct  $800,000 $790,000

 

Address Listing Price Selling Price
Peapack Gladstone Boro 26 Tiger Hill Dr  $875,000 $840,000
6 Meadow View Road  $895,000 $875,000
18 Tainter St  $899,000 $885,000
16 Brookside Dr  $929,000 $904,650

 

  Address Listing Price Selling Price
Warren Twp. 12 Mitchell Ave  $290,000 $280,299
  34 Harmony Rd  $380,000 $345,000
  9 Mundy Ln  $419,000 $417,000
  41 Elizabeth Ave  $424,000 $400,000
  3 Geiger Lane  $600,000 $590,000
  5 Yorkshire Ct  $699,000 $700,000
  22 Blazier Rd  $725,000 $680,000
  50 Dock Watch Hollow Rd  $769,000 $705,000
  6 Michele Ln  $895,000 $850,000
  12 Nottingham Way  $899,900 $865,000
  21 Old Dutch Rd  $1,049,900 $950,000
  14 Broadway Road  $1,100,000 $990,000
  15 Conklin Lane  $1,299,000 $1,285,000

 

Address Listing Price Selling Price
Watchung Boro 15 Cedar Ln  $299,000 $285,500
20 Hughes Ln  $499,000 $499,000
215 Mountain Blvd  $525,000 $475,000
537 Valley Rd  $529,900 $510,000
62 Tuttle Rd  $590,000 $580,000
31 Wetumpka Ln  $649,000 $620,000
90 Hughes Ln  $1,125,000 $1,050,000
157 Oakwood Rd E  $1,249,000 $1,222,500
55 Winter Ln  $1,600,000 $1,350,000
135 Scott Dr  $1,699,000 $1,600,000

 

Address Listing Price Selling Price
Chester Boro 1 Larch Dr  $459,900 $450,000
75 Fairmount Ave  $509,000 $505,000
Chester Twp. 23 Pleasant Hill Rd  $315,000 $285,000
112 Hillside Rd  $399,900 $392,000
14 Mountain View Dr  $517,000 $487,000
117 Cliffwood Rd  $549,000 $545,000
33 Chester Woods Dr  $575,000 $555,000
8 South Rd  $615,999 $580,000
372 North Rd  $725,000 $680,000
12 Highland Dr  $949,000 $940,000
299 Longview Rd  $975,000 $955,000
8 Valley View Rd  $1,150,000 $999,999
5 Heath Dr  $1,162,500 $1,100,000
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