Factors that Affect Home Market Value

Home Market Value pic

Home Market Value
Image: investopedia.com

A personal trainer by experience, Alex Garbiso is also pursuing an interest in real estate. Alex Garbiso hopes to enter this industry in the near future.

A key concept in real estate is the determination of a home’s value. It involves a complex network of factors, some of which relate to the home itself while others depend on the surrounding market. For example, if sale prices in a neighborhood have recently risen or the neighborhood is walkable to grocery stores and other amenities, a home in that area might bring more than a similar property in another community.

Another key factor in home value determination is overall home size. Homes that are comparable in price tend to be within 20 percent of one another’s square footage, particularly if they have the same number of bedrooms and bathrooms.

Bedroom and bathroom numbers tend to be more accurate in predicting sale price than pure square footage. A third bedroom tends to add value over a similarly sized home that has two bedrooms, provided bedrooms are of similar size, but a fourth or fifth bedroom does not tend to have the same effect. The same is true for bathrooms, the second of which adds value though the third has little impact.

Those who are comparing properties should ensure that the homes compared are in the same neighborhood and have a similar layout. An open layout suggests a higher value, as does a home that is in good repair and has up-to-date features. The exception is the home that has significantly more luxury features than other properties in the same neighborhood, as the average neighborhood value may override the value of the upgrades.


Tips to Help a House Sell

Sell a House pic

Sell a House
Image: investopedia.com

An experienced personal trainer, Alex Garbiso has owned and operated Mile High Nutrition and Fitness since 2015. When he is not training with clients, Alex Garbiso enjoys researching real estate and intends to expand this interest into a career.

To be successful in real estate, it is essential to understand what it takes to sell a house. Below are a few tips homeowners and realtors should consider when putting a home on the market.

Often, homeowners seeking to sell their property can expedite the process by pricing the home correctly from the outset. Many sellers price their homes too high at first, with the assumption that they can always lower it later. However, most activity happens in the first few weeks the house is on the market. Sellers can draw potential buyers in during this peak time by listing on the low end, as many passionate buyers will still bid high to secure the property.

Sellers also need to make the property visually appealing to those buyers, and this requires neutralizing the décor. Buyers want to envision themselves in a home, and sellers can help them do so by removing family photos and children’s artwork in favor of more generic colors and accents. This neutral look should be present at all times, if possible, as walk-throughs can happen at any time.

For this same reason, sellers should be sure that the home always looks presentable and in good repair. This may mean replacing certain appliances or features, particularly in the kitchen, as buyers tend to spend the most time thinking about that part of the house. Buyers need not upgrade to excess, as this can cost more than it will return, but the updating of a few prominent features can go a long way toward increasing the home’s appeal.

Two Skills Important to a Realtor’s Success

Realto pic

Image: realtormag.realtor.org

As the owner of Mile High Nutrition and Fitness in Denver, Colorado, Alexander “Alex” Garbiso visits clients in their homes and provides individualized workout routines as well as nutritional guidance. As a certified trainer, he has experience working with three different companies helping clients achieve their fitness goals. Although he has a strong background in fitness, Alex Garbiso is currently interested in embarking on a real estate career.

When starting out working in real estate, specific skills should be learned and developed to become successful. One of the skills you should possess as a Realtor is the ability to negotiate. When you list a home for a client or if you are helping a client purchase a home, negotiating will almost always be involved. To best serve your clients’ interests, you must learn to know when you should hold firm to terms and prices, and equally important, how to maintain firm positions and still conclude the transaction.

An additional skill is being able to motivate others and come up with ideas, such as those about a home being considered and how the potential new owner could improve it. A Realtor shows houses to clients, but clients are often difficult to please, and can look at many houses without showing much interest in any of them. This is when an effective Realtor will speak up, putting forth ideas and suggestions for changes as to how the client can make the property their own. A Realtor who can improvise in this way will be well on their way to a successful career.

Colorado Springs – Tiny House Capital?


Colorado Springs pic

Colorado Springs
Image: inhabitat.com

Alexander Garbiso is a personal trainer based in Aurora, Colorado, where he owns and manages Mile High Nutrition and Fitness as an independent contractor. Alexander Garbiso is also interested in becoming involved in real estate and pays close attention to real estate trends in Colorado.

The tiny house movement is steadily gaining momentum, in part due to the media attention given by several television shows – but also because it is a smart economic alternative to paying the costs of larger homes, which many young people cannot afford today.

Colorado Springs has recently been dubbed the “tiny house capital of the United States,” in part because it is home to the Tumbleweed Tiny House Co., the largest manufacturer of tiny houses in the country. The company also held the Tiny House Jamboree expo last year and plans to host it again this August. However, there are many cities contending to be the tiny house capital, including Seattle, Austin, and Asheville, North Carolina.

Tiny Houses are generally 500 square feet or less, compared to the standard minimum house size of 1,500 square feet, and many of these small homes are on wheels and mobile. The homes appeal to those looking for both a cheap and ultra-simple lifestyle.