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By Tina Crisp | Agent in 75013
  • The New Year rings in with strong consumer confidence

    Posted Under: Home Buying in Collin County, Home Selling in Collin County, Property Q&A in Collin County  |  January 3, 2012 1:57 PM  |  1,502 views  |  No comments
    2012 is starting off with a bang. I am currently working with a client in the Collin County Lucas area in half acre to one acre home sites and what I am seeing is a great indicator of what the market is doing. In homes prices for new construction from $500,000- $850,000, homes are selling like hot cakes. The builders are contracting single story homes at a surprising rate. One builder said that 75% of his custom homes being contract are all one story 4000+ square foot homes. Another builder is selling primarily one story homes and the lots are selling from1-2 a week during most weeks and other weeks even more. This is great news as an indicator of where the market is and how the economy is holding up. Consumer confidence in this price range is on fire, especially in Lovejoy schools on the larger lots.
    It seems the people in this range are comfortable once again to make a move which is great for the community and the Real Estate industry as a whole.
    If you or someone you know is considering buying or selling a home, please call me and let my experience and extensive knowledge go to work for you!
  • Replacement Projects for Best Rate of Return

    Posted Under: Home Buying in Collin County, Home Selling in Collin County, Property Q&A in Collin County  |  December 21, 2011 3:04 PM  |  1,559 views  |  No comments

    REALTORS Identify Exterior Replacement Projects as Best Investment for Homeowners
     When it comes to remodeling, exterior replacement projects have routinely rewarded homeowners with more bang for their buck. This year is no different, as REALTORS® recently rated many exterior improvements as among the most valuable home investment projects as part of the 2011-12 Remodeling Cost vs. Value Report.

    “This year’s Remodeling Cost vs. Value Report shows the value of putting your home’s best façade forward, so to speak,” said National Association of REALTORS® President Moe Veissi. “Inexpensive exterior replacement projects are not only crucial to a home’s regular upkeep, but are also expected to recoup close to 70 percent of costs.

    Specific exterior projects such as siding, window and door replacements are part of regular home maintenance, so many homeowners are already undertaking them. These projects also do not require expensive materials and they have the added bonus of instantly adding curb appeal.”

    HouseLogic.com, NAR’s consumer website, includes dozens of remodeling projects, from kitchens and baths to siding replacements, which indicate the recouped value of the project based on a national average. According to the Cost vs. Value, seven of the top 10 most cost-effective projects nationally in terms of value recouped are exterior replacement projects.

    REALTORS® judged an upscale fiber-cement siding replacement as the project expected to return the most money, with an estimated 78 percent of costs recouped upon resale.

    Two additional siding replacement projects were in the top 10, including foam-backed vinyl siding, expected to return 69.6 percent of costs, and upscale vinyl siding, expected to recoup 69.5 percent of costs.

    Three door replacements were also among the top exterior replacement projects. The steel entry door replacement is the least expensive project in the report, costing little more than $1,200 on average and expected to recoup 73 percent of costs.

    The upscale garage door replacement jumped seven spots to number six this year, primarily due to the average cost of the project declining more than 15 percent nationally. The upscale and midrange garage door replacement projects are expected to return more than 71 percent of costs. One window replacement project—upscale vinyl—rounded out the last exterior replacement project in the top 10, expected to recoup 69.1 percent of costs.

    The 2011-12 Remodeling Cost vs. Value Report compares construction costs with resale values for 35 midrange and upscale remodeling projects comprising additions, remodels and replacements in 80 markets across the country. Data are grouped in nine U.S. regions, following the divisions established by the U.S. Census Bureau. This is the 14th consecutive year that the report, which is produced by Remodeling magazine publisher Hanley Wood, LLC, was completed in cooperation with NAR.

    Realtors® provided their insight into local markets and buyer home preferences within those markets. Overall, Realtors® estimated that homeowners would recoup an average of 57.7 percent of their investment in 35 different improvement projects, down from an average of 60 percent last year. Due to a weak economy, high unemployment in the construction industry and the increasing cost of materials, the price of remodeling projects have risen, leaving many homeowners hesitant to tackle projects or encouraging them to scale back on their plans.

    Three interior remodeling projects are also considered worthwhile investments. A midrange attic bedroom is expected to return 72.5 percent of costs upon resale; of all the projects in the report, it is the least expensive way to add a bedroom and bathroom within a home’s existing footprint. A minor kitchen remodel, expected to return 72.1 percent of costs, is fourth overall, ranking two places higher than last year.

    Nationally, the average cost for the project is just under $20,000 and is the least expensive way to give an existing kitchen a complete facelift. A wood deck addition, landing at number seven overall, is expected to recoup 70.1 percent of costs. Improvement projects that are expected to return the least are a sunroom addition and a home office remodel, both estimated to recoup less than 46 percent of costs.

    “Resale value is just one factor among many that homeowners need to take into account when making a decision to remodel,” says Veissi. “The desirability and resale value of particular remodeling projects also varies by region and metropolitan area. A Realtor® can help homeowners decide what low-cost improvement projects will provide the most upon resale in a particular market.”

    Most regions followed the national trends; however the Pacific region, consisting of Alaska, Hawaii, California, Oregon and Washington has the highest average cost-value ratio in the country, at 71.3 percent. This is largely because the high cost of remodeling in the region is more than offset by high values at resale. The next best performing regions were West South Central (67.7 percent) and South Atlantic (67.3 percent), mainly due to the low construction costs in the areas and relatively strong resale values.

    The regions in which the cost-value ratio is slightly above the national average are New England (60.5 percent), East South Central (59.8 percent) and Mountain (58.5 percent). Three remaining regions performed slightly below the national average. These are the Middle Atlantic (56.8 percent), East North Central (55.3 percent) and West North Central (49.5 percent).

    Results of the report are summarized on HouseLogic.com. To read the full project descriptions and access national and regional project data, visitwww.costvsvalue.com. 

    If you or someone you know is thinking of selling or buying a home, call me!

    Tina Crisp
    RE/MAX Premier Properties
    view mls@ tinacrisphomes.com
  • Tips for Winter Curb Appeal

    Posted Under: Home Selling in Collin County, Property Q&A in Collin County  |  December 17, 2010 7:45 AM  |  1,610 views  |  No comments

    Cold weather shouldn't freeze your home's exterior appearance.

    By Shannon Petrie, FrontDoor.com

     Give potential buyers a safe path to your front door by making sure your driveway, walkways and stairs are free of snow, ice and leaves.

    Just because it's cold outside, doesn't mean you can slack off on curb appeal. If you're trying to sell your home during the holiday months, making a good first impression is just as crucial as ever. Here are some things to keep in mind when preparing your home's exterior for a fall or winter sale:

    • Safety first. First and foremost, you want to ensure that buyers can make it to your front door without any accidents. Prevent slips by clearing your driveway, walkways and stairs of snow, ice and leaves.
    • A tidy lawn. Your grass may no longer be green, but you can still keep your lawn looking neat so buyers can picture what it will look like in the spring and summer. Keep your lawn clean by periodically raking up leaves and other debris.
    • Clean gutters. Leaves will accumulate in your gutters in the fall, so clean them out before putting your home on the market to show buyers that you care about exterior home maintenance.
    • Fresh paint. Because of bare trees, buyers have a clearer view of your home in the fall and winter than they do in the spring and summer. Faded or chipped paint will really stand out, so give your home a fresh coat if it needs it.
    • Outdoor lighting. As the days get shorter, having proper outdoor lighting will make your home safer and more attractive for buyers who come to visit at night. Use a series of path lights to illuminate the way to your front door, or flank the door with decorative sconces or lanterns.
    • Winter decorations. A giant inflatable Santa Claus in the front yard is sure to distract buyers, but subtle wintry decorations can bring out the best in your home. Try a simple wreath on the front door, small white lights strung around shrubbery, or a pile of firewood stacked neatly against a wall. Read up on staging tips for the holidays.
    • Cold-weather plants. Evergreen trees or plants that can stand up to the cold weather such as pansies or witch hazel can liven up a drab landscape.

      Tips for Selling Your Home During the Holidays:

    Selling your home around the Holidays can sometimes feel inconvenient; however, the good news is buyers looking at this time are serious.  December and January can be great months to sell as people are highly motivated to find a home!

    Happy Holidays to you and yours~

    Tina Crisp
    RE/MAX Premier Properties
    972-403-2009 Ofc.
    972-365-6857 Cell

  • Today's Market

    Posted Under: Home Buying in Collin County, Home Selling in Collin County, Property Q&A in Collin County  |  November 29, 2010 10:13 AM  |  1,727 views  |  No comments

    2010 is coming to an end and what a year.  The market has been changing for the last few years and continues to evolve as does the market across the country.  Locally I am seeing homes in mint condition sell fairly quickly.  Homes that are in need of repairs or have issues tend to stay on the market much longer and then sell for much less. 
    I am currently working with a Realtor from England that is relocating to the Dallas area.  Much to my surprise the market in England is very similar to our market here in the DFW area.  They are seeing homes in mint condition sell quickly while less desirable properties stay on!  I am fascinated by the similarities of our two markets even though we are so far away.

    In 2010 we saw the financial crisis come to a head then the foreclosure market shut down due to falsification of the paperwork.  Many people have stated the market is bad and it's a bad time to sell~I disagree.  Ok, maybe if your home needs paint, carpet and updating and those things have not been done nor do you plan to ...this is not your market.  Inspections are getting tougher and buyers are walking when there are a lot of issues with a home.  I guess you can say Buyers are smarter and more discriminating in this market.  Everyone is having to work harder and remodeling a home to move into it is not on most peoples list of things to do.  Buyers want their new home to be updated and ready to move in.

    I started the year as Office Top Producer for the 1st Qtr. of this year and have watched the stats across the metroplex.  Some areas are down in price and the number of homes sold as compared to a year ago; however, some areas are seeing increases in price and only slightly fewer homes have been sold.

    The market is changing and as long as we keep changing with it and keep improving our home to fit our neighborhood then it will sell!

    I read a statement that said when only 10% of the homes in an area are selling your home must be better than 95% the of the properties currently For Sale~

    If you or someone you know is thinking of Buying, Selling, Relocating or Leasing Real Estate, Please call me!

    Best Wishes for 2011!

    Tina Crisp
    RE/MAX Premier Properties
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