Michael Klacik's blog

Top Home Replacements for Return on Investment

According to the 2015 Remodeling Cost vs. Value Report, there are several main things to consider when looking to remodel your home before selling. Perhaps most importantly, simpler projects tend to yield the largest recoup of price. Replacing the entry door ranked number one in terms of cost recouped, at nearly 102%. Other replacements, such as garage door and window, also recouped over 100% of value in some markets.

Overall, the report shows a trend of smaller replacements yielding better results than expensive remodels. Also, the best replacements are the ones which contribute to a potential buyer's first impression of the house. This includes the entry door and windows, as well as siding. Only the minor kitchen remodel makes the top 10 in terms of cost recouped. Find more details by following the link below!

2015 Remodeling Cost vs. Value: Less Is More

70% of Gen Yers Expect To Own A Home By 2020

Gen Y, otherwise known as the Millennials, those that fall between the ages of 19 and 34, are the largest generation in U. S. history . . . even larger than the Baby Boomers . . . with nearly 79 million people.

According to a recent survey conducted by The Urban Land Institute, 70% of Millennials who do not yet own a home expect to become home owners by 2020, and most expect to use the money they have saved for a down payment.  Also, many respondents said they are making ends meet with jobs for which they feel overqualified, and are living with parents or roommates to save money.  Despite their current lifestyle constraints, most are optimistic about improving their housing and financial circumstances in the near future.

What are the best things about home ownership, according to the homeowners in this generation?  They believe that owning is a good long-term investment, neighborhoods provide stability and safety, and they desire their own space and privacy.

Source:  ULI Report Shows Gen Y Living Frugally in More Affordable Locations, Sharing Housing with Friends, Family

A Beautiful Tribute to Mothers Everywhere - Happy Mother's Day!