3 Renovations That Will Help Get Your Home Sold

YOUTUBE LINK

3 Renovations That Will Help Get Your Home Sold
Property insurance Makes Up 7% of Housing Costs in Big U.S. metros
Mortgage Rates this week 
Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
What you get for $2MM in Santa Clara County 
AIDA: Attract, Interest, Desire, Action 
What you get for $1MM in SILICON VALLEY 
Inventory And Supply Charts
FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist

YOUTUBE
BLOG
PODCAST

3 Renovations That Will Help Get Your Home Sold

Introduction to Housing Insurance Costs

Insurance accounts for 7% on average of the cost of your living, including your housing expenses. Let me show you this real quick.

Okay. Property insurance accounts for 7% of housing costs in major US metropolitan areas. It's a big cost. It keeps on getting higher, and it's not going to get any less, just like everything else, you knowYouou tell me to get more efficient. Appliances put LED lights in my house, and yet my energy bill keeps getting more and more expensive.

Why is that? Well, because inflation, right? Not something that we can control. It's not like it's deflationary. Deflation is good for us, but bad for the government, bad for the whole economy. So that's where we are right now. Insurance is gonna continue to be more and more expensive.

Property insurance Makes Up 7% of Housing Costs in Big U.S. metros

Regional Insurance Cost Variations

Miami is the most expensive place. The cost for insurance is 13% of your housing cost on average. Oklahoma City is the second, and Tampa is the third. San Jose is the lowest, mostly because we're kind of encapsulated. We're in a safe zone. There's not a lot of weather. What we do have are wildfires, but they're not in San Jose proper for the most part.

They're in the hills where there are forests up in Los Gatos or Monterey, or Santa Cruz. In those areas, it's getting more and more expensive. San Jose, it's not, we have earthquakes. Then we had a small earthquake in Berkeley a couple of days ago, and then there was another post that I saw yesterday saying there's an 80% chance that there's gonna be a larger earthquake in this zone, which included San Jose, and that was from September 22nd to the 24th, and that didn't happen.

Fearmongerin,g Portland has the lowest rate of uninsured homes, and  Denver trails by 8.9. You do not have to have insurance on your home. If you don't have a loan on it, if you have a mortgage, they require insurance on your house. This is kind of a catch-22 because it makes it more expensive.

But you do have, multimillion-dollar property, and if it does burn down, it's gonna cost you at least a million dollars to get it redone unless you used pre-made, which is two to 300,000. So anyway, that's it for now. Insurance policy. Yay. It's more expensive. 

Home Renovations to Boost Sale Value

So what, three renovations that will help you get your home sold.

And by the way, these links are in my blog. You're welcome to go click on 'em. To, for sourcing, I don't like to source my information. You'll never see me put a post out there without sourcing something because my professors told me to quartz countertops. 

Countertop Choices: Quartz vs. Granite

Quartz is plastic. It's plastic, it's corn, whatever those names were back in the nineties.

Quartz. That's the general term. Like Xerox is for a carbon copy, right? Not a fan of quartz. Chips. Can't put super hot stuff on it. Some say you can, but do you really trust it? Can't cut on it. I am a fan of granite. I know that this article says that granite countertops are a thing of the past, but that's 'cause there's more profit in plastic just the way it is.

I don't like marble because it stains, and it's not as hard as granite. I like the natural look, but you know, that's how I am. Maybe I'm stuck in the early two thousands, so that's where it is.

Here's the thing you have to remember about countertops. If you put a couple thousand dollars of new countertops on an old kitchen, it's still gonna be an old kitchen. It's not remodeled, it's updated, right? If you're going to do the Home Depot boxes and redo your entire kitchen, spend the money, spend the time, spend the energy.

Then paint the countertop, paint the cabinets, and then put new appliances in, and then it's updated. It's not remodeled. Remember that?

It will show. It will tell, and it'll piss off buyers because they know the difference. 

Bathroom and Kitchen Upgrades

The master shower. Yeah. Here's the thing: if you're looking for a premium price on an old original. Shower or bathroom or kitchen, you're fooling yourself, right? You're absolutely welcome to redo that. Now, understand that the new style shower isn't the soaking tub or the little jetted tub, and then a stand-up shower stall.

It's the actual whole eight-foot shower stall, and it's a big thing. Now it's a huge seller and in our. The formats of homes here. It doesn't really fit, but you can redo it and make it look good. 

Painting and General Home Improvements

Paint, I'll tell you right now, paint is probably not cheap, especially here in California, you're looking at, $25 a gallon.

For decent paint, you're looking at $30 a gallon, and the painters are going to charge you because it's a cost-of-living thing, right? You have a crew of five, and six guys come in for a couple of days. They paint the inside and the outside, they're done. But it's a done thing. It's not gonna be cheap, but it'll look a whole lot better.

Get rid of the old stone, the 1970 stone, it looks like. Anyway, get rid of it, redo it. Invest some money in it. Here's the bottom line, guys. If you're expecting close to 1.5 million to $2 million for a standard track home in San Jose, invest some money into your house.

Period, you'll be pleasantly surprised by the look and feel of your house. You might not even wanna move. Love it or leave it, right? So if you have more questions about what you should do to your house before you put your house on the market, next year, in  March, April. Let me know.

I have, most of my crews are out there doing work for other people right now because they're getting houses ready to sell  

Mortgage Rates this week 

Market Conditions and Selling Strategies

Mortgage rates 30-year jumbos quoted, not quoted at 6.275. And if you took the average price of a house in Santa Clara County.

With the 20% down and you have excellent credit, you're looking at just under 6%. That's almost a full point right there.

Is that enough to start the market? No, absolutely not. We don't have the inventory to do that. We don't have that many buyers that are out there. If we dropped it down to 5%. Prices would go astronomical right now, and we can't afford to do that. So we're in a very, very precarious situation right now. 

Current Inventory and Market Trends

I know that we say that a buyer's market needs to be at six months, but right now we're about two and a half, three months of supply in most counties. That's good. It's healthy. Buyers are being.

Picky about what they're buying, and they know the value of your house more than you do. So be careful about that. Just got into a contract in like seven days. I actually had offers in four days, but I was slow-playing it. I was pushing them off, and I was making sure that the market was bringing in, and we got above list price on our last listing.

So it's because they listened to me and they understood the market. And they understood that I have the heartbeat of the market. Because I talk about it every day. I understand the strategy to come in, and I valued the house just a little bit low, brought it in, and we got multiple offers, and we settled, and it's good.

So Santa Clara cities, months of inventory. San Francisco, single-family residences only. We're all below six months, and the big outlier right now is Los Gatos. 4.2 months. This is from. August, we're updating this next week. We have five more days of this month. After that, I'll be able to update these numbers for September.

 

Conclusion and Final Thoughts

That's it for now. Have a great weekend. Thanks for watching. I'm Vito with Abano. 

Videos edited by Vydeoease.com Use Exemption code VEASY

🔴 Video Living in San Jose in the No. 4 spot. iTheheUS  https://youtu.be/hxw5k739OKU?t=521

Vito Scarnecchia

Real Estate Broker, Veteran, Dad

DRE#: 01407676

408-705-6817

Vito@abitano.com

FREE DESKTOP APPRAISAL https://www.propertyrate.com/agent/vitoscarnecchia

If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!

🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg

#abitano, #realestatesherpa, #rewtf, Silver Tsunami, 2035 Housing, 2025 tax lien investing Ja son Walter, home staging kitchen, Cost Of Living Calculator,  Fraud, Homebuyer workshop, Bay Area housing stats, Veteran Home, best time of the year to buy a house, Bay Area Luxury homes,  next housing crash prediction, housing market projections, Should I Buy A House Now Or Wait?, should I buy a house now or wait until 2025, Why You'll Regret Buying A House in 2026, realestatemindset, Housing Market 2025: 5 Options If You Regret Buying a Home, when will the housing market crash again, lance lambert

What should a realtor do to sell your house,What should you not do when selling a house,Why is home not selling,Is it better to sell as is or fix up,Home much money is lost when selling a house,Is it bas to sell a house as is,Where should I sell my house for money is 2021,Is money from the sale of a house considered income,Do you get all the money when you sell your house,Do you have to buy another home to active capital gains,What happens when you sell a house and make a profit,Can I sell my house and keep the money ,What month is the best to sell a house,How much money do I keep when I sell my house,How to I avoid paying taxes when I sell my house,How do I sell my house in 5 days,Whats the quickest way to sell a house,How can I sell my house quickly ,Is it better to sell my house or rent it out,How do I sell my house in 30 days,What does teh seller have to pay when selling a house,How p[ays closing costs on for sale by owner ,Who pays the title company at closing,Who pays for appraisal buyer or seller,How do I calculate my closing costs as a seller,Can a realtor lie about other offers,Do sellers always pick the highest offer,Can ou sue a real estate agent for lying,How do you make sure your offer is accepted,Can buyer talk to seller directly,What do you say when you reach out to a realtor,Do you tip your realtor,Why do realtors now want buyers and sellers to meet,Do I have to pay my realtor if I decide not to sell,Can you work with multiple realtors,Can you fire your real estate agent,Are realtors rich,Should I interview multiple realtors,Are you obligated to a real estate agent,What should I do to my house before selling ,What sells a house fast,What brings more value to a house,What features sell a house,What to do if a house is not selling,Do vacant homes sell faster,What are the worst months to sell a house,Which month is best to sell a house,Is 2021 a good year to sell a house,What adds most value to a home,How can I increase my chances of selling my house,What makes a house harder to sell,What brings down property value,What are houses not selling 2021,What adds teh most value to a house,What is the most common reason a property fails to sell,What should you not fix when selling a house,What adds teh most value to a house,Does Zillow pay fair prices for homes,How to I sell my house that need repairs,Do sellers have to fix everything on home inspection,Can you sell your own property as a real estate agents,Does a realtor make money on a for sale by owner,Can I use a real estate attorney instead of an agent,Can I be my own buyers agent,Do real estate agents make more than lawyers,Do realtors get paid if a house doesn’t sell,Do agents get paid for open house,Can I ask my realtor to take a lower commission,How much does a real estate agent make monthly,Which real estate agent has the lowest commission,Can I represent myself as a real estate agent,Do brokers make more than real estate agents,Can you bypass a real estate agent,Can I represent myself in buying a house,Can you buy a house yourself,Do Realtors get commission on for sale by owner,Is it better sell your house by owner or realtor,How do you negotiated for sale by owner,Is it hard to sell a house without a realtor,Can you ask a realtor to take a lower commission,What home improvements add the most value,What should you not fix when selling a house,What color carpet is best for selling a house,Which home renovations are your best investments,Which home improvements pay off,What is the best way to renovate a house,What is the most expensive part of a kitch remodel,What home improvements do not add value,Is a 4 bedroom house worth more than a 3 bedroom house,Do home improvements increase value,What features sell a house,What order do you renovate a house,What renovations are worth doing,Is it better to renovate or move,Is it cheaper to renovate or build new,How much does it cost to fully renovate a house ,What should I renovate first,What makes property value increase ,What negatively affects home appraisal,Do home appraisers look in cabinets,Do appraisers look in showers,What matters in a home appraisal,How can I maximize my home appraisal,Is land a good investment 2020,Is buying land a building a house cheaper,Is it better to buy land first,How to I buy money with no money,Is land a bad investment,Does age of house affect value,Are 100 year old houses safe,What is the average age of a house,What age is a house considered old,How do I price my house,How is property value determined,What are the 5 methods of valuation,How do I determine fair market value of my home,How does a bank value a house,Why is my tax assessment so high,What brings down,calhoun.savingmoneyonhomes.com

95035,95123,95020,95127,95014,95051,95111,94087,95112,95125,95023,95122,95037,94550,95116,95124,95136,94086,95148,95008,94303,95050,95132,95120,95129,94040,95121,95128,95126,95118,95131,95070,94043,95134,95032,95117,95133,94306,94089,95054,94085,94024,95135,95110,95138,94022,94301,94305,94041,95030,95130,94090,95119,95033,95102,94310,95139,95046,95171,94028,95142,95114,95113,94304,94308,95140,94035,95141,95053,95101,95137,95002,95196,95009,95011,95013,95015,95021,95026,95031,95036,95038,95042,95044,95157,95156,95159,95158,95161,95160,95170,95164,95172,95190,95173,95192,95191,95194,95193,94302,94309,95052,95056,95055,95071,95106,95103,95109,95108,95115,95151,95150,95153,95152,95155,95154,94023,94039,94042,94088,94080,94015,94014,94303,94403,94025,94066,94010,94061,94044,94404,94063,94401,94070,94062,94002,94402,94030,94019,94405,94409,94065,94407,94408,94098,95006,94071,94027,94099,94012,94031,94003,94067,94028,94005,94029,94037,94406,94096,94060,94020,94045,94038,94059,94021,94074,94128,94013,94307,94011,94016,94018,94017,94497,94026,94064,94083,94125,94544,94536,94538,94587,94541,94501,94568,94539,94601,94550,94577,94560,94546,94551,94605,94566,94611,94588,94621,94578,94606,94555,94545,94608,94602,94610,94603,94580,94704,94607,94619,94609,95391,94579,94703,94625,94552,94706,94643,94618,94702,94502,94612,94542,94705,94708,94707,94709,94710,94720,94627,94586,94514,95140,94615,94557,94604,94613,94537,94540,94543,94614,94617,94620,94622,94624,94623,94649,94660,94659,94662,94661,94701,94666,94712,95076,95060,95062,95003,95066,95064,95073,95033,95065,95010,95006,95018,95005,95019,95017,95001,95007,95041,95061,95063,95067,95077,

Santa Rosa Real Estate,Petaluma Real Estate,Rohnert Park Real Estate,Sonoma Real Estate,Sebastopol Real Estate,Windsor Real Estate,Healdsburg Real Estate,Cloverdale Real Estate,Cotati Real Estate,Calistoga Real Estate,Forestville Real Estate,Guerneville Real Estate,Penngrove Real Estate,Glen Ellen Real Estate,Geyserville Real Estate,Occidental Real Estate,Kenwood Real Estate,Cazadero Real Estate,Fulton Real Estate,Monte Rio Real Estate,Bodega Bay Real Estate,Stewarts Point Real Estate,Jenner Real Estate,The Sea Ranch Real Estate,Bodega Real Estate,Graton Real Estate,Annapolis Real Estate,Valley Ford Real Estate,Duncans Mills Real Estate,Camp Meeker Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Oakland Real Estate,Fremont Real Estate,Hayward Real Estate,Berkeley Real Estate,San Leandro Real Estate,Livermore Real Estate,Pleasanton Real Estate,Alameda Real Estate,Union City Real Estate,Dublin Real Estate,Castro Valley Real Estate,Newark Real Estate,San Lorenzo Real Estate,Albany Real Estate,Emeryville Real Estate,hayward real estate,Piedmont Real Estate,Byron Real Estate,Sunol Real Estate,Canyon Real Estate,Farwell Real Estate,Brookshire Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,