Davidson Realty, Inc.

4 EASY WAYS TO INCREASE THE VALUE OF YOUR HOME

April 14, 2021

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Posted by in News

Increasing the value of your home is ALWAYS a good idea. Staying on top of home maintenance and projects will ultimately allow you to get top dollar for your home when the time is right for you to sell. “Homebuyers will appreciate that you took good care of the home and will happily pay more for a home when they don’t have to make major changes themselves,” shares Davidson Realty President, Sherry Davidson. 

 

Curb Appeal

First impressions are important! Continually spending time on your landscaping and the outward appearance of your home will enhance your curb appeal. Luckily, yard care is relatively inexpensive and depending on the current state of your yard, could be tackled simply with fresh mulch or a few new flower beds. Walkway lighting is another easy and affordable way to elevate your curb appeal while providing a functional illuminated path to safely use your walkway at night. Additionally, routinely walk around the exterior of your home and look for any cracks or damage that needs repair. 

 

Fresh Paint

A fresh coat of paint can truly transform a home. Whether you are interested in selling your home this year or in ten years, routinely examining and updating the interior can make your home more attractive to potential buyers. When selecting a paint color that will appeal to an extensive audience, pale gray, oatmeal, and other cool, natural tones are current fan favorites because of their adaptable nature and ability to enlarge and brighten spaces. Some of our favorite paint colors include Snowbound and Passive from Sherwin Williams. 

 

Energy Savings 

Energy-efficient upgrades not only help the environment but save homeowners money and time by requiring less maintenance. Consider switching to energy-efficient light bulbs or installing a smart thermostat that will learn your preferences and automatically adjust the temperature to save energy. Adding more insulation is another way to improve energy efficiency in your home. Good insulation will keep your home warm in the winter and cool in the summer while using less energy. 

 

Cosmetic Touch-Ups 

If you make repairs and improvements as needed, you will avoid bigger, more expensive projects and ensure your home is well maintained. “Your home is one of your most expensive assets. When buyers see items that need to be repaired or maintained, they question if the home has been well cared for. Buyers will pay retail versus wholesale prices for an updated and well-maintained home,” shares Sherry.  Patching up holes and dents in walls or moldings, fixing a squeaky door, or repairing a running toilet are easy DIY repairs that will refresh your home.  Replacing the hardware in your kitchen or updating ceiling fans or light fixtures are small updates that will make a HUGE impact. 

 

If you are interested in learning more about the value of your home or are interested in selling your home, trust the real estate experts at Davidson Realty.

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7 things you need to know about getting homeowner’s tax breaks in 2020

February 26, 2020

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Posted by in News, Northeast Florida Market Trends

Your tax return may be a high point in your year, especially if you became a homeowner before 2020.

 

According to the CPA Practice Advisor, the average worker might see up to $2,000 in tax savings. *This number could increase if you own a home and have dependents or children.

 

Your homeowner’s tax guide for 2020: 5 big breaks and 2 more benefits

 

The IRS starts accepting 2019 tax returns as of January 2020. While the new tax credits introduced in

2019 made filing overwhelming for many, this year’s looking a lot smoother. Very few, if any, dramatic

changes have been made.

 

Accounting for annual inflation, tax brackets, as well as the standard deduction, have risen for 2020:

 

Here’s where you can find the standard deduction/brackets for the taxable year of 2019. The recently

reformed tax law lets consumers keep more money. Lower tax rates and a higher standard deduction

make this possible.

 

With a higher standard deduction, there may be fewer taxpayers who itemize (list out expenses that can

be subtracted from annual taxes). If you don’t have much to itemize, taking the standard deduction

exempts two times as much of your earnings.

 

But if you own a home, you could use some or all of these tax breaks to see more savings:

 

1.) Home equity loan/HELOC interest.

  • Now you can only deduct home equity interest that’s been used for renovations — a significant change from years past.
  • If you are eligible to deduct HELOC interest for renovations, that amount will go toward your total deduction limit of $750,000 in mortgage interest. (See below.)
  • This kind of loan may be labeled as a home equity line of credit (HELOC), home equity loan, or second mortgage.

Read more

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Davidson’s $500 Incentive Program Invigorates Home Values & Sales

October 8, 2015

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Posted by in News

Great news for home sellers! Since launching our new seller incentive program in early 2015, we have experienced reductions in time on the market and increases in home values for properties that have taken advantage of the program.

For any homeowner that lists a home with Davidson Realty, the incentive offers $500 to be used towards any home improvement project. So far, sellers have used the funds for landscaping and yard work, flooring, painting, repairs and other mechanical upgrades.

Davidson agent Don Gibson sold a home in four days and close to $25,000 above the list price after installing a new air conditioning unit that increased the home’s heated/cooled square footage, and Davidson agent Mirtha Barzaga turned around a home in five days after completing repairs and painting. Read more

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