equity – The Real Estate Beat

Now this put a smile on my face – great news for homeowners on the San Francisco Peninsula!!!!

San Mateo County Median Home Sales Price in January 2014 up to 42.8% over January 2013

In January 2014 the median sale price for a single family home in San Mateo County was $992,500 compared to the median sale price from January 2013 of $695,000. Year over year that’s a greater than 42% increase.

WOW – now that is great news – right from the source – MLSlistings.com

Curious what your home is worth in today’s market – contact The Caton Team – we would love to prepare a customized market analysis on your home and share its worth with you!

Thinking about selling? Now is the time to start getting into gear – The Caton Team is here to help! There is much to do before the For Sale sign even makes it to the lawn – and with our tried and true marketing plan, we can smooth out the process. Let us know how we can help!

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Thanks for reading – Sabrina

The Caton Team – Susan & Sabrina – A Family of Realtors

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Cost Vs. Value – What should I do to my home to improve its value?

One of my favorite questions as a Realtor revolves around fixing up the house. There are two ways to build equity in your home (equity is what your home is worth, minus the mortgage). One – sit back and wait for the real estate market to rise. (Which it is steadily going these days in the San Francisco Bay Area) And two – fix up your house.

The second method can either make or break your investment. Let’s go with ‘break’ first. A homeowner can spend hundreds of thousands of dollars fixing up the wrong part of the house. Or worse, remolding a place till it’s just ugly! Unless you are living in your forever house, you want to be smart with your money by doing a smart remodel or addition. That means picking finishes and fixtures that are contemporary and neutral. I’ve seen one too many amazing kitchens and baths that fit the homeowner to a tee – only leaving potential buyers counting their pennies for the demolition.

The first remodel that comes to mind is the kitchen, then the bath; two fantastic ways to improve the value of your home if done right. The pink grout to match the flamingo theme in the bathroom is not going to beg for the highest bidder. So before you head to the hardware store – think three times, measure twice and cut once…

For more information and statistics surrounding home improvement and where you should invest your money – please visit the link below. It’s a very interesting read.

I read this article at: For the San Francisco Bay Area visit http://www.remodeling.hw.net/cost-vs-value/2014/pacific/san-francisco-ca/

For national information please visit: http://www.remodeling.hw.net/cost-vs-value/2014/