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Outdoor Redo Projects Both Valuable Now, and Later

by Bill Nelson- Past President NCAOR®

Remodeling your SLO County home? Add an outdoor redo to the project.

According to a report from the National Association of REALTORS® (NAR) and the National Association of Landscape Professionals (NALP), an outdoor renovation can add significant value to a home come resale. The most valuable updates, per the report, are:

• Seeding the Lawn (Reaps 417 percent of its cost)
• Implementing a Standard Lawn Care Program (303 percent)
• Sodding (143 percent)

An outdoor renovation can also up the enjoyment factor—the “Joy Score,” according to the report. The highest project on the Joy Score scale? A pool, though it is one of the least profitable at a 50 percent return-on-investment.

The most appealing projects following a pool, the report found, are an overall landscape upgrade and a new wood deck.

“Realtors® know first hand the importance of curb appeal because when it is time to sell, a home's exterior is its first impression to potential buyers,” says North County Association of Realtors ® Past President Bill Nelson. “Realtors® also know that these projects—from flower beds to fire pits—can bring homeowners who have no plans to sell even more enjoyment and satisfaction in their home.

"Homeowners looking spend money on large, expensive outdoor projects should do it for themselves, for the enjoyment they and their family will gain from the finished results, and not only to improve the value of their home for when they sell,” Nelson cautions. “Smaller projects will bring potential sellers the most value back upon resale—and have the benefit of costing less up front.”

“Homeowners working with a landscape professional to embark on renovations—whether that means enhancing their turf and growing a lush lawn, rehauling their entire landscape, or incorporating new features like patios and exterior fireplaces—can rest assured that they are making a smart, worthwhile investment,” adds Nelson “Further, that investment is coupled with the immediate happiness received by beautiful landscaping and the long-term enjoyment of outdoor living spaces, which are priceless.”

Source: National Association of REALTORS®

The Best Way To Pick A REALTOR(R).

by Bill Nelson- Past President NCAOR®

Begin by asking someone that you know here on the Central Coast. Friends, relatives, co-workers, or neighbors who have recently purchased a home locally can give you a firsthand account and attest to their agent’s professional abilities. Pick agents who live here and work exclusively with buyers and sellers in SLO County. Once you have a list of names, interview at least three agents and ask questions about their community knowledge, professional experience, and commitment—some agents work full time; others only work at nights and on the weekends. Pick an agent that makes you feel comfortable and negotiates well with others. Remember that their negotiation skills are just as important as their marketing skills. Linda Sue and I receive several referrals from past clients per year. If a Realtor (r) does a good job for others and has numerous testimonials from past clients like we have posted on our website; then they are a great candidate for the job of listing your home. The company you list with is important too. In San Luis Obispo County there are several independent brokerages like Realty One Inc. that when combined with other independent brokerages; they outsell and maintain a higher market share than the big nationwide corporations. Quality customer service is agent specific and although many large firms have excellent Realtors(s) keeping it local may have even bigger advantages. Many local Realtors(r) like Realty One and others; support local community based non-profits, and charities that help enrich the lives on our neighbors here in San Luis Obispo County. 

Displaying blog entries 1-2 of 2