Make three ways to your home value said Jeff Adams

Make three ways to your home value said Jeff Adams In its ten years of existence, online real estate database unfathomable amount of information on housing prices According to Zillow's data.

1. Redo the bathroom, not the kitchen

2. Selling season

3. Psychologically price your home

Redo the bathroom

It’s always been usual wisdom that the best remodel you could do was the kitchen. We actually crunch a huge amount of data...what we found is in fact it’s the bathroom remodel that adds the most value to a home

According to Humphries it make the most logical sense because with a bathroom remodel functionality is being added to the house while kitchen upgrade are often more about fashion. According to Zillow data a mid-range $3,000 bathroom remodel results in a $1.71 increase in home value for every $1.00 spend on overhaul. 

Plus when people come to stay with you, you are going to be a lot better-off that you have a nicer bathroom than kitchen. Kitchen renovations offer among the lowest returns on investment. Both mid range and expensive work on the kitchen recover only about half of their investment. 

Just do not invest too much money in the bathroom; upscale $12,000 bathroom upgrade result only in a $0.87 increase in home value for all $1.00 spent.

Selling season

Home sales reach their peak in June, during the last week of that month residential real estate dealings are 40% higher than average. 

The home season starts to crank up in January and February. But to get the most bangs for your buck you force want to list your home during the last 2 weeks of March. There is a sharp spike in visitors making contact with real estate agents on Zillow beginning in mid-April and continuing into July. 

Selling in the last weeks of March, before the peak in agent contacts and after the peak of newly listed homes in February puts your home in the sweet-spot where it's possible to be seen fast and not get lost within a flood of new listings.

Psychologically price your home

Finishing your home price in a ‘9’ is very beneficial. If you were going to sell your house for $150,000, just pricing it down by $1000 and selling it for $149,000 ends up in you making $2175 more than you would if you priced it at $150,000.” The '9' active works for houses at all price-points. 

In the popular of cases, home prices that end in a '9' sell for more for a home of the same relative value that ends in a '0.' The risk that the seller takes on by cutting their home price by $1,000 generally results in gaining more than $1,000 over asking. 

Psychological pricing also sold home faster Zillow found that homes using '9' in the 1000 digit sold 4 days to 1-week earlier than those that didn't.