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4 remodeling projects worth the investment

by Mehner Weiser Real Estate, LLC.

4 Home Improvements With High Returns

Remodeling your home can be a great way to increase its value and ensure you get good returns when it comes time to sell. But before you go tearing out your floors or adding another bedroom, take note: Not all projects are created equal. In fact, according to recent data from Remodeling magazine's Cost vs. Value report, there's a pretty big discrepancy between which projects deliver high returns and those that don't. 
  
Want to make sure your remodels are worth the effort? Here are some top options: 
  
  • Get a new garage door. It seems simple, but replacing your garage door is the most value-adding project you can take on. On average, it delivers returns of more than 98 percent upon resale.
  • Focus on curb appeal. Upgrades to exterior areas saw serious growth over the last year. Wood deck additions increased over 18 percent in value, while stone veneer installation value was up almost 14 percent. 
  • Replace your entry door. Don't bother sprucing up old doors. Replacing them with steel models can deliver a whopping 91 percent ROI. And at an average cost of $1,471, they're one of the most affordable updates for your home.
  • Upgrade your kitchen. Minor kitchen remodels continue to be a top value-adding project. This year, the average small remodel adds about $17,193 to your home's value and recoups more than 81 percent of your costs.
You might want to rule out projects like backyard patios, master suite additions and major kitchen remodels -- they're notorious for low returns. If you're looking to boost your home's value and increase its marketability, focus your efforts on projects that improve aesthetics and add ease and convenience instead. 

3 Easy Mistakes to Avoid When You Buy a House

by Mehner Weiser Real Estate, LLC.

3 Easy Mistakes to Avoid When You Buy a House, Anchorage, Alaska

Whether you buy a house for the first time or want to upgrade your space, the process of qualifying for a mortgage, finding the right home, and closing with the seller can be complicated. Mehner Weiser Real Estate in Anchorage, AK, wants to help you avoid feeling stressed and confused. To make home buying smoother, here they share critical mistakes many potential homeowners make. 

Top 3 Missteps When You Buy a House 

1. Forgetting the Mortgage 

While shopping for a house is the most exciting part of the experience, you should qualify for a mortgage first. You may become disappointed if you discover the ideal home, only to find out you are in the wrong price range or can’t make a serious offer. Once you know how much you can borrow, you can bid on a beautiful home that fits your budget. 

2. Skipping the Inspection 

Anchorage-Buy-a-HouseSince home inspections take time and carry a fee, some buyers bypass them. Foregoing a professional review of a property you like is a costly mistake. Expensive, hidden damage could reveal itself after you close on the house. Avoid surprises about major repairs by getting an inspection first. 

3. Overlooking a Real Estate Agent 

Some home buyers choose not to hire their own real estate agent. Instead, they work with the seller’s Realtor®. These agents want to secure the best price and terms for the seller. If you don’t have an advocate, you could be outbid or pay too much. 

Tiny Homes: What Are the Pros & Cons?

by Mehner Weiser Real Estate, LLC.

Tiny Homes: What Are the Pros & Cons?

Tiny Homes: What Are the Pros & Cons?

The tiny house trend is a big movement. Everyone from millennials to retirees is opting to live small, but that doesn't mean the lifestyle is right for you. Consider these pros and cons before you downsize. 

What constitutes a tiny house?

Generally, tiny homes measure between 100 and 500 square feet. Many are portable, but some city ordinances and housing divisions require homes to be set on a foundation.

What are the pros?

People are drawn to tiny houses for a number of reasons. Owners of tiny homes often cite price as the deciding factor. Tiny homes range from $10,000 to $60,000, depending on the manufacturer. Even a top-of-the-line custom unit typically costs less than $100,000.

Other perks include the freedom of mobility and the ability to live more sustainably. There's also the added flexibility to use the structure as a rental unit, add-on expansion or mother-in-law suite.

What are the cons?

Of course, not everyone is willing to contend with the realities of owning a tiny home. For instance, despite their low sales price, there are hidden costs that can sneak up on potential buyers. From construction crew markups and shipping fees to property taxes and plot purchases, the final figure can add up quickly.

What's more, unless you have enough liquid funds to make a cash purchase, financing for tiny homes can be difficult, and there are also obvious drawbacks such as space restrictions that complicate hosting guests and storing nonessentials.

No doubt our collective desire for simplification and financial freedom has birthed the tiny home movement. However, before you commit to one, it's important to educate yourself about the complicated regulations and overlooked nuances of owning a tiny home.

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Contact Information

Photo of Mehner Weiser Real Estate, LLC Real Estate
Mehner Weiser Real Estate, LLC
RE/MAX Dynamic Properties
3350 Midtown Place
Anchorage AK 99503
Bethany (907) 223-1632
Bonnie (907) 223-0005