Organized, creative, intelligent real estate solutions
whether you are buying, selling or staying.
So one may wonder, "Why staying?" Well, I believe I can help people with any type of real estate decision and sometimes the best decision for them is to remain in their current home for the next 6 months or 5 years, or more. And to make that decision, they may need data on the real estate market or insights from a real estate professional who keeps tabs on real estate trends including typical buyer needs.
Let me give you a few examples. A couple months ago, my friend Anne emailed me asking about a planned addition to their home in Kensington, Maryland, an area I know well, professionally and personally. She described their second floor plans as adding two bedrooms and a hallway bathroom with just a shower and not a tub. The other full baths are one in the master bedroom on that same level, with a tub, and another on the main level of the home, also with a tub. Normally I'd say 2 tubs in a house are adequate. However, knowing this market so well, I've heard many buyers lament not having a designated kids' bathtub on the same level as their bedrooms, so I suggested if she had money and space to add the tub and shower combo. She appreciated the perspective and their addition is underway with the tub.
Mid-summer, my friend Cindy asked if I had input on how much of an addition and what features would be wise investments in their neighborhood in Bethesda, Maryland. I scheduled a time to go to her house and walk through with her as she discussed their needs and wants in a renovation including an addition. I gave her detailed input and suggestions to add to her current thinking and brought comparable sales in her neighborhood that supported the addition of square footage and the allocation of more kitchen and casual dining space.
As a last example, a client who recently bought a home wants to reconfigure and renovate the existing basement and to do so, would like to take out a Home Equity Line of Credit (HELOC) loan to finance the project. Before paying the $450 for the appraisal through their lender, they wanted my Comparable Market Analysis (CMA), similar to but not officially an appraisal, with analysis of likely range of values. The good news was that with recent sales in their Kensington neighborhood, they already had built equity above their purchase price by my analysis. Of course that is not always possible nor should it be expected, but in this case, they already had data to support their purchase investment and thus the loan to add value to their home.
Contact me today with your real estate questions, even if you plan to stay in your current home for the foreseeable future.
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