Return on investments

Hello everyone ! Before I get into the fun stuff I would like to take a minute to introduce myself. My name is Andrew Nieves. I am the newest part of The Texas Team. I will be doing the blogging and eventually become a Licensed assistant under Lewis Walker. I am looking forward  to hearing from you all and working with the best team in Texas, The Texas Team.

Now the fun stuff, how to get the best return on your investment. Whether you are getting ready to sell or lease your home, there are a couple of things you can invest into that will not only help market your property, but also help get some of the cost back from the investment. One of the best things you can spend your money on and still expect some return is replacing exterior side paneling with upscale fiber cement. Though it may cost you an average of $13,461 the return is 78%, according to MSN. Also, another potentially great investment and something to think about, is replacing the front door. Replacing your front door is relatively cheap and easy to do. At an average of $1238 the payback is about 73% and adds curb appeal to the property, which can go a long way.

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Wonder what some of the worst returns on investment are ? According to National Association of Realtors (NAR) a home office can be a poor choice, investment wise. A home office can be beneficial to you, but it is important to remember it is a personal preference. Unless you are going to get what you put into by the amount of personal use, it is suggested that you think twice about viewing it as an “investment”. Your return is probably going to be in the 43% range. Also, another possible poor investment is an upscale garage. Sorry fellas, its true. With the average cost of $80,500 and a return of 54.7% it might not be the best investment decision.

It is important to remember that these are just tips. It all comes down to how much you are going to use it and personal preference. I hope this information gave you some ideas and things to thinking about when selling or leasing your property. To read the complete articles I referenced click the links below. Remember The Texas Team if you know of anyone that’s thinking of buying or selling. Your referrals are a testimony to our service and are greatly appreciated

http://realestate.msn.com/10-remodeling-projects-that-pay-back-most

http://mcnaircustomhomes.com/blog/?p=1791#more-1791

Andrew Nieves
Re/max The Woodlands & Spring
The Texas Team
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