Overview of Half Moon Bay Market Trends And Other Local Markets
Half Moon Bay's home resale inventories increased sharply, with a 26 percent increased since June 2017. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in July. The median listing price in Half Moon Bay went down from June to July.
Half Moon Bay
Top 10 Remodeling Projects With The Best ROI
Every smart homeowner knows that major—or even minor—remodeling projects should be undertaken with one eye on design and the other on the ROI. You want to be comfortable with whatever return on investment you receive for upgrading your home because, unfortunately, many upgrades won’t entirely recoup their cost upon sale. But the use you get out of the home with the upgrade might still make the construction worthwhile, regardless of the ultimate selling price.
Here’s the top 10 remodeling projects that provide the best return on investment nationally:
|
RANKING |
PROJECT |
COST RECOUPED |
AVERAGE JOB COST |
RESALE VALUE |
|
10 |
Add a family room |
69.3 percent |
$89,566 |
$62,055 |
|
9 |
Finish the basement (cost estimate includes bar area, main room and bathroom) |
70 percent |
$71,115 |
$49,768 |
|
8 |
Add a two-story addition (cost estimate includes adding a family room, bedroom and bathroom) |
71.1 percent |
$176,108 |
$125,222 |
|
7 |
Add a wood deck (cost estimate includes built-in bench and planter) |
71.5 percent |
$10,707 |
$7,652 |
|
6 |
Replace the siding |
76.4 percent |
$14,518 |
$11,093 |
|
5 |
Replace the garage door |
76.9 percent |
$1,749 |
$1,345 |
|
4 |
Complete a minor kitchen remodel (cost estimate includes new cabinet fronts and hardware, new energy-efficient appliances, laminate countertops, mid-priced sink and faucet, dingy floor replacement and wall paint) |
80.2 percent |
$20,830 |
$16,699 |
|
3 |
Install a manufactured stone veneer (instead of vinyl siding) |
89.4 percent |
$7,851 |
$7,019 |
|
2 |
Replace your entry door with a steel door |
90.7 percent |
$1,413 |
$1,282 |
|
1 |
Add fiberglass attic insulation |
107.7 percent |
$1,343 |
$1,446 |
5 Common And Costly Mistakes To Avoid When Selling Your Home
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Client Testimonials:
We had a fantastic experience working with Kathy and Michael when we purchased our home in 2016. My husband and I were really impressed with their knowledge of the local Half Moon Bay market, and felt really comfortable with our transaction. I looked at several properties with Kathy, and always felt like she gave honest feedback, good or bad, about every property that we visited. She really listened to me when I explained what we were looking for in an ideal home. We were able to find our dream home in under two weeks of searching, and then Kathy guided us every step of the way to make our offer competitive, respectful, and attractive to the seller. I felt like we were in such good hands during the whole process. Michael's input was very valuable as he was on site during our home inspection, and our meeting with the structural engineer. I would highly recommend Kathy and Michael Rain for anyone purchasing or selling a home in Half Moon Bay or any of the neighboring coastal communities. They are total pros, straight shooters, and such nice people. Their priority goes beyond just wanting to make a sale, they are highly invested in their clients and want to ensure that your family is in the right home
***********
Wishing you a wonderful July ~ Michael & Kathy
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