This is a sponsored post from Eve Thompson of Reston Real Estate. For a more complete picture of home sales in your neighborhood, contact her on Reston Real Estate.
It’s almost that time of year when the county sends around tax assessments, which gets homeowners wondering what their house is worth today. This is when I start getting calls from clients and friends asking for my opinion–an opinion I am always happy to provide.
I was thinking about this when I came across an article on Realtor.com (How Much Is My House Worth? Tools to Help You Determine Your Sale Price).
The article outlines a few ways to assess your home value:
- Comps for the area. What similar homes have sold for is a good indication of what your home is worth. Realtor.com’s Just Sold feature is a great place to start. All you have to do is enter your ZIP code, and click “Search.” A list of recently sold homes in your area will pop up, along with their sale price. The thing to remember is this may or may not be an accurate reflection of your home’s value: home improvements, mortgage rates, the economy can all factor into your selling price. But comps will give you an idea.
- Home improvements. Things like an updated kitchen and bathrooms impact price. For example, if you are likely to get 66% return on investment from a bathroom remodel (spend $10,000 and add $6,600 to your list price). But will that be the tipping point to make a buyer choose your home over another? Who knows. And will you get the same return from a new deck or replacing the windows? Not necessarily. Those things will definitely improve marketability, but may not translate into dollars. Does that mean you shouldn’t bother? No. Make improvements that will make you happy while you live in the home. Just know you may not recoup the cost when you sell.
If you want to list your home, the best thing to do is call your realtor and set up a meeting to discuss your strategy–anything you need to do to improve marketability, timing and listing price.
The Barton Hill Recreation Area in Reston is slated for upgrades (via Google Maps) Upgraded lighting is no longer a component of upgrades to the Barton Hill tennis courts in…
Fairfax County Public Schools Fairfax County Public Schools could require parental notifications for class materials deemed sexually explicit, but in a deviation from the state, the proposed policy directly addresses…
A public art piece inspired by the connectivity and energy of atoms has been erected in Reston Town Center’s Hyatt Park. Called “Vidustria,” the installation is drawn from the word…
A man walks by trash bins next to the curb (via Trinity Nguyen on Unsplash) (Updated at 1:25 p.m.) The service and staffing challenges plaguing trash collectors throughout Fairfax County…
The Ravel Dance Studio will re-open for fall classes 2020. The school will offer in person and virtual online instruction. With over 5000 sq. ft. to social distance the school has added air ionization filtration systems, ballet barres, acrylic dividers, hands free bathrooms, strict monitoring and more.
The Ravel Dance Studio will produce a Nutcracker Ballet Hollywood style video through the Reston Community CenterStage. REGISTRATION online begins August 17.
Chris Green is one of the DMV’s finest fitness instructors. A Lululemon and South Block ambassador, he is a coach and mentor to so many. He embodies grace, positivity and motivation in ways that no one else can. If we could all learn a thing or two from him, the world would be a much better place. He does so much for others, and does so with a smile on his face 99% of the time.
He recently ruptured his Achilles and has an incredibly long and tough journey ahead. As if COVID hadn’t impacted fitness professionals enough, throw this in the mix and it’s a double, even triple whammy. CG is no longer able to work and do what he loves for the time being because of this and we’d love your support.