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"Paul patiently walked us through all of our options and helped us develop a strong game plan in this competitive market. Paul's attention to detail and ability to see potential trouble helped us to realize the true value of houses that we looked at. He quickly recognized exactly what we were looking for and helped fine tune our search process so that we could efficiently examine houses. Paul's knowledge of home builders, styles and era in which the houses were built helped us avoid looking at houses that did not fit our requirements. Paul made it easy for us and we highly recommend working with him!"

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Contact Paul:

Phone: 303-807-2355

RE/MAX Masters Millennium
6020 Greenwood Plaza Blvd
Suite 100
Greenwood Village
Colorado 80111

Welcome to the April 2017  edition of the Denver Real Estate Market Newsletter.

Home Improvements - 2017 Cost vs Value Report

Have you contemplated a home improvement project and wondered which projects retain the highest resale value? Each year, Remodeling Magazine releases its Cost vs Value Report, analyzing the average Job Cost vs Resale Value for 29 popular remodeling projects.

Use this LINK to view the entire Cost vs Value Report describing mid-range and upscale projects. The Cost Recouped or Return on Investment (ROI) is calculated by dividing the Resale Value by the Job Cost. The higher the Cost Recouped/ROI percentage, the better the investment.

Paul's General Observations/Comments:
  • The average Return on Investment (ROI) for home improvements is 65%
  • None of the home improvement projects exceeded a 90% ROI
  • The mid-range, minor kitchen remodel is a smart investment with an average ROI of 87.8%
  • Upscale projects have a lower ROI than mid-range projects
  • Expect job costs to continue to rise due to increasing material and labor costs
  • Don't look at home maintenance as a home improvement, instead look at it as the cost of homeownership.
  • Make universally appealing selections when updating and remodeling.  Just because you like purple cabinets and pink counter tops doesn't mean anyone else will.
  • Not listed in the report: Extending wood floor throughout the main level of your home is a smart investment.
  • Many of my clients wait to make improvements until just before they sell and nearly everyone regrets not having the chance to enjoy the new upgrades.  Don't wait, update today and enjoy! 
Having seen thousands of homes as a Realtor and as a home remodeling enthusiast myself, I'm always happy to share my thoughts, opinions and experiences with anyone considering a home improvement project.  Also, if you are in need of contractor referrals, give me a call and I'll happily share the names of contractors who have done a great job for me personally as well as my real estate clients.

Data Geeks - Need More Real Estate Data?

Click on the link to view 15 glorious pages of Denver Metro real estate statistics for March 2017.

Would you like to see real estate data for the city in which you reside? Please use the links below:  

March 2017 - Metro Denver Real Estate Stats
Residential statistics for attached and detached homes.

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If you or someone you know is thinking about buying or selling a home, please call, text or email me. I would love to work with you or your referral. I am committed to treating my clients with the utmost care as they work towards buying or selling a home. Referrals are the core of my business and are always appreciated.

Please don't hesitate to call me with your real estate questions.  I'm always happy to help you navigate through this constantly changing real estate market!
Paul Sobania
Realtor, Broker
RE/MAX Masters Millennium
Cell: 303-807-2355
Email: PS