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Portland Featured Homes

High Impact, Low-Cost Home Improvements = $$$!

Think you need to spend a ton to get your home ready to sell? As you’ll see in this revealing video series, a small budget can go a long way. These small but impactful improvements not only paid for themselves but resulted in a 5x return on investment for our sellers!

This home we helped prep for sale is a great example of the fact that you don’t have to undertake a major renovation at high costs to make a home marketable. Though the total cost for improving this house only came to $25,400, the home sold for $125,000 over its list price!

Improvement #1: The Front Porch

First impressions matter a whole lot—we want buyers to fall in love at first sight. Transforming this home’s front porch to make it more inviting didn’t take a ton of effort, but it did result in a dramatic boost to curb appeal. This project was a complete rebuild from scratch, done with high quality materials and brand new concrete footers.

Improvement #2: Fresh Paint

Dark, dated interiors and surfaces that have stains or damage can get a quick makeover with a fresh coat of paint. This is probably the most impactful change you can make. Choosing high-gloss finishes on all the trim is particularly effective in helping to amplify natural light and give the home a fresh, modern feel. The entire home was completely repainted including the trim.

Improvement #3: Revealing Hardwoods Under Carpet

It was so satisfying to tear up that dingy carpet layer to uncover a beautiful fir floor underneath! This is a particularly cost-effective move because you’re not paying for something new, but rather revealing what’s already there.

Improvement #4: Recently Remodeled Kitchen

In our experience, kitchens and baths sell homes. Though this home had a recently remodeled kitchen, it did need a good clean, a fresh coat of paint and some new lighting to help brighten it up.

Improvement #5: Basement Bathroom

If you have the space and the plumbing hookups ready to go, fixing up an existing basement bathroom is a no-brainer. That extra bathroom opens up a lot of possibilities for living arrangements, and it doesn’t take a big investment to simply replace some fixtures.

Improvement #6: Basement Makeover

Did you know that you can have basement floors steam cleaned? That’s one of a few simple steps we took to transform this space into a welcoming part of the house without actually having to do a major remodel.

Improvement #7: Fireplace Refresh

This home already had two fireplaces installed, but they needed a little TLC. Some simple professional cleaning gave them a new lease on life.

Improvement #8: Attic Attack

All we had to do to transform this previously forgotten part of the house? Add some drywall, paint, and now it’s ready to serve as an office.

TOTAL IMPROVEMENT COSTS: $25,402.70

Need our magic touch to get your home ready to compete on the Portland real estate market? Call us at 503.819.4851 or email us at karoline@ashleyrealtyworks.com to grab a coffee and discuss your real estate needs!

Filed Under: Home Selling Tips, Portland Featured Homes, Real Estate Market

Market Action Report- April 2018

Closed sales saw an upswing this April in the Portland metro area. There were 2,523 closings, a 13.7% increase over April 2017 (2,219) and a 6.4% increase over last month in March 2018 (2,371). New listings (3,990) saw gains as well, outpacing April 2017 (3,759) by 6.1% and March 2018 (3,648) by 9.4%. Pending sales, at 3,008 in April, fell 2.6% short of the 3,088 offers accepted last year in April 2017 but edged 3.9% over the 2,894 offers accepted last month in March 2018.

Inventory increased by a fraction of a month in the Portland metro area in April, ending at 1.8 months. During the same time, total market time decreased to 42 days. There were 4,469 active residential listings in the Portland metro area this April.

Comparing the average price of homes sold in the twelve months ending April 30th of this year ($436,000) with the average price of homes in the twelve months ending April 2017 ($406,400) shows an increase of 7.5%. In the same comparison, the median has increased 9.1% from $355,300 to $387,500.

Filed Under: Around Portland, Around The House, Community, Home Buying Tips, Home Selling Tips, Portland Featured Homes, Portland Local, Real Estate Market

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Karoline and Wick Ashley are a husband-wife team who have grown Ashley Realty Works over the past 17 years to become one of the Metro Portland area's top real estate teams. Call for a consult or click below to book a call or appointment with us or a member of our team.

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