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Are You Forgetting These Three Home Maintenance Tasks?

The hustle and bustle of everyday life can easily cause us to forget about small home maintenance tasks. With your home being one of your most sizeable investments, keeping up with your maintenance to-do lists could keep you from making costly, time-consuming repairs down the road. And while we all tend to remember items such as checking the batteries in our smoke detectors and cleaning our gutters, some of the smaller, more menial tasks can slip right by us.

Below is a list of common home maintenance tasks that are easily overlooked:

Clean Your Refrigerator Drip Pan: Chances are, you didn’t even know you had one. But you do, and it needs to be cleaned often. Why? Refrigerator drip pans are prone to mold growth, which is not the most appetizing thing to have near your food.

Flush Your Water Heater: Water heaters need to be flushed to remove dirt and sediment that can build up from within. Also, check the temperature of your water to make sure that it is below 120 degrees Fahrenheit. A temperature higher than that will result in scalding.

Reseal Your Grout: Grout is mostly made up of sand and cement, meaning that it absorbs water and bacteria. Resealing it annually will keep your grout looking its best for as long as possible.

Cleaning out drip pans and water heaters may not sound like an appealing afternoon task, but it’s far better than dealing with broken appliances and freezing 6am showers. Set up reminders in your phone or home calendar and give yourself a gold star for remembering these often-overlooked home improvements.

Source: 6 Home Maintenance Tasks You Didn’t Know You Were Forgetting, RIS Media.com.

Which Home Improvement Projects Offer The Highest ROI?

You’ve got your mind set on renovating your home in hopes of increasing your profits post-sale, and a freshly renovated kitchen and bathroom tops your list. But what happens if your offers start coming in lower than you had assumed they would, and all of that money you poured into home improvement didn’t seem to make a difference at all?

A strong housing market affects the return on investment (ROI) of home improvement projects. Buyers and real estate investors alike may scrutinize the amount of money spent on a renovation and question if the increased asking price is justified. If your newly renovated kitchen and bathroom upped the price considerably, then you risk losing potential buyers who aren’t interested in purchasing a home within that price range.

Project ROI

According to Remodel Magazine, here are the top projects that have the highest and lowest ROI for mid-range homes:

Highest ROI

  • Manufactured Stone Veneer (97.1% ROI)
  • Steel Entry Door Replacement (91.3% ROI)
  • Deck Addition-Wood (82.8% ROI)
  • Minor Kitchen Remodel (81.1% ROI)
  • Siding Replacement (76.7% ROI)

Lowest ROI

  • Backyard Patio (47.7% ROI)
  • Master Suite Addition (56.6% ROI)
  • Major Kitchen Remodel (59% ROI)
  • Bathroom Addition (59.9% ROI)
  • Deck Addition-Composite (63.6% ROI)

If you want to increase your home’s resale value with worthwhile ROI home improvement projects, connect with an experienced realtor who knows the market and specializes in your style of home. A real estate agent will give you realistic idea of what your home will bring in that specific area, and help you determine which projects will yield the best ROI results.

 

Source: RISMedia.com, “Cost vs. Value: The Home Improvement Projects with the Highest ROI in 2018.”

The Best Year in Smith Mountain Lake Real Estate Since 2008

If you’ve been wondering how the Smith Mountain Lake real estate market weathered 2017, get ready for some good news. Last year was the best year in Smith Mountain Lake real estate since 2008, and we have the data to support it.

Here’s the Proof

Winter weather hasn’t slowed down the SML real estate market, and data supports ongoing growth. January saw the sale of 22 waterfront homes, versus 14 in 2017. That equates to a 57% increase with an additional 33 under contract and pending sale.

What This Means for Buyers and Sellers

If you’ve considered purchasing a Smith Mountain Lake home, get in now while prices are still under pressure and interest rates are low. Conversely, if you’re thinking of selling your Smith Mountain Lake home, know that buyers are coming back. If numbers continue to perform as well as January, we’re in for a very hot summer.

This Smith Mountain Lake real estate market report compares sales between various properties during the last quarters of 2016 and 2017.