Michele Buckman has put together some videos discussing the current DC market and what the future may hold for the real estate market in the Washington DC area.
When the real estate market was soaring, many homeowners in the Washington DC area would simply sell their home and buy a new one when they no longer loved the home they lived in. But, as the market has changed, that attitude has changed for many people as well. Selling a home is not typically as easy as it once was, forcing many homeowners to stay in their home longer than anticipated. Rather than focusing on the negative side of homeownership, instead focus on ways to love the home you are in while waiting for the right sales opportunity.
At one point, homeowners were making improvements to their homes as a way to increase the market value and make more money when selling a home. But instead, why not consider making improvements to your Chevy Chase home because YOU want to enjoy them. If you were tossing around the idea of remodeling your kitchen to make the home more competitive on the market, instead remodel the kitchen to better suit your needs. Real estate experts will always tell you kitchens and bathrooms sell houses so why not make the improvements and sell yourself on the home again. When the time is right, you will likely see financial benefit from the improvements and in the meantime you and your family can enjoy the fruits of your labor.
Approach the remodeling efforts in your Palisades home as a long-term investment, rather than a quickie that will payout immediately. Look at the bigger picture of your home and what you will eventually sell it for, and think about how you can improve your home following that guide. For example, if one aspect of your home you dislike is your driveway, think about how you can improve that feature. Not only will you benefit from the newly designed or newly resurfaced driveway, but you also will increase the curb appeal when it's time to sell the house.
When you are ready to buy a home, sell a home or want to investigate the market, contact Michelle Buckman for a real estate professional you can trust and rely on.