CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had simply looked at the year-over-year increases in national median home price.

The chart below shows the four price ranges from the report, as well as each one’s year-over-year growth from February 2017 to February 2018 (the latest data available).

How Much Has Your Home Increased in Value Over the Last Year? | Keeping Current Matters

It is important to pay attention to how prices are changing in your local market. The location of your home is not the only factor that determines how much your home has appreciated over the course of the last year.

Lower-priced homes have appreciated at greater rates than homes at the upper ends of the spectrum due to demand from first-time home buyers and baby boomers looking to downsize.

Bottom Line

If you are planning to list your home for sale in today’s market, find a local agent who can explain exactly what’s going on in your area and your price range. Like us!

How Rising Prices Will Help You Build Family Wealth in 2018 | Keeping Current Matters

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

How Rising Prices Will Help You Build Family Wealth in 2018 | Keeping Current Matters

Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $45,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

So, you’ve decided to sell your house in Naperville. You’ve hired Bill White Homes to help you with the entire process, and Bill White has asked you what level of access you want to provide to potential buyers.

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to Bill White Homes so that they can show your home.

Here are five levels of access that you can give to buyers, along with a brief description:

  1. Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.
  2. Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being able to show the home.
  3. Open Access with a Phone Call – the seller allows showings with just a phone call’s notice.
  4. By Appointment Only (example: 48-Hour Notice) – Many buyers who are relocating for a new career or promotion start working in that area prior to purchasing their home. They often like to take advantage of free time during business hours (such as their lunch break) to view potential homes. Because of this, they may not be able to plan their availability far in advance or may be unable to wait 48 hours to see the house.
  5. Limited Access (example: the home is only available on Mondays or Tuesdays at 2pm or for only a couple of hours a day) – This is the most difficult way to be able to show your house to potential buyers.

In a competitive marketplace, especially in Naperville, access can make or break your ability to get the price you are looking for, or even sell your house at all.

naperville houses for saleWhen it comes to finding your dream home, there are many things to consider during the buying process. Do you want a brand new house in the suburbs? Do you want a fixer upper that is in your perfect location? At Bill White Homes, we have a wide variety of Naperville houses for sale that is sure to fit your needs and budget. We strive to help our clients through the buying process by showcasing the pros and cons to each house. Below we outline the benefits to buying an older home.

  • Older homes have unique and antique features that you just won’t see in newer homes. From original hardwood floors to glass door knobs, the design of an older home is unique and timeless.
  • Newer homes are built wherever they have room to develop, allowing older homes to have better locations that are more central to downtown. Since location is everything, often it beneficial to purchase an older home to be closer to the things you love.
  • Many homeowners prefer older houses because you can buy more home and land for less compared to newer developments.

Contact us today at bill@billwhitehomes.com to learn more about our new listings for our older properties.

naperville house for saleAt Bill White Homes, we strive to help every client find their perfect Naperville house for sale. When it comes to finding your forever home, we not only offer our real estate services but we like to help you come up with fun ideas to enjoy your new space. Below we have three easy ways to increase your new home’s curb appeal on a budget.

Paint Your Front Door

Add an easy pop of color to your home’s décor through your front door. Make a bold statement with a bright red door, or make a positive statement by painting a cheerful yellow door. Whichever color you decide on, grab an inexpensive paint brush and gallon of paint for a budget-friendly home makeover.

Spruce Up Your Flower Bed

Showing your flower bed some TLC is a great way to increase your curb appeal on a budget. We recommend adding seasonal blooms to brighten your yard and adding darker mulch for a beautiful contrast.

New Mailbox                                                                           

Enhancing your curb appeal can be as simple as updating your old mailbox post for a new modern and sleek design. Many contemporary mailboxes feature iron and wood.

If you are interested in finding your dream Naperville house for sale, contact us today at bill@billwhitehomes.com to help you through the buying process.

Naperville home for salePurchasing a home is an investment towards your future. Many prospective homeowners like the idea of buying a place that is older yet cheaper, to remodel and make their own, otherwise known as a fixer-upper. When it comes to purchasing your fixer-upper, there are many items one should consider before making an offer.

  • Time

They say time is money, which is why when purchasing a fixer-upper you should understand the time it takes to achieve your dream home. Remodeling a fixer-upper is no simple task. When considering buying a home, it is imperative to give yourself time to fix the items that need repairing and adding new construction to improve the layout of your space.

  • Budget

Although fixer-uppers are perfect for finding a bargain, older homes tend to have hidden problems within the structural foundation that could cause a financial burden. It is best to budget for unexpected costs that could arise during your renovation.

  • Home inspection

Requesting a comprehensive home inspection will allow you to have peace of mind before you make an offer. Home inspections check your future home for hidden issues such as water damage, unsecured wiring, and other structural integrity hazards. We recommend requesting a few home inspections from multiple companies to ensure no defects have been overlooked.

If you are looking for a Naperville home for sale, contact our helpful Realtors at bill@billwhitehomes.com to begin your search for your dream home.

 

Naperville house for saleWhen it comes to selling your home, there are many steps homeowners should take to increase the value of your home. At Bill White Homes, we believe in the importance of staging your home properly to allow potential buyers to envision themselves living in your home, increasing their chance to purchase. Check below to learn helpful tips to staging your home to sell.

  • Clearing clutter is a great start to staging your home. Although the furniture is imperative to decorating a home, too much furniture can clutter your space, leaving it to feel cramped and small. Keep essential pieces that create user-friendly spaces that showcase the room’s potential.
  • Impersonalize your space by taking down family photos and memorabilia. The goal of staging your home is to allow buyers to visualize their life in your space. Removing personal items will enable them to picture their life in the home, hopefully creating a positive experience to increase their chance of putting in an offer.
  • Ensuring your home lighting is bright, and welcoming is vital to staging your home. Adding beautiful light fixtures and high wattage bulbs will be an investment in the long run.
  • Painting your home neutral colors will increase the overall feel of your space by allowing it to feel peaceful and light.

Whether you are looking for a Naperville house for sale or interested in selling your home, contact our Realtors at bill@billwhitehomes.com to help you with your home endeavors.

Naperville houses for saleThere’s always the question out there on deciding whether you should be renting or buying a home. With every large decision, there are definitely pros and cons on each side of the situation. Here are some ways where you could be at a great place to purchase a home or just rent one for now.

Do you travel a lot? If you answered “yes” here, renting might be the right option for you. When it comes to taking care of a home and all of the issues that may arise, being around for those things can be difficult if you’re traveling quite a bit.

Are you planning on staying in your current location for more than 10 years? If you’re planning on staying in the current location you’re in for another 10 years or more, buying might be the right option for you. Having a long-term plan in place for where you want to end up could mean that buying is the right situation for you.

What’s your credit like? If you have credit that isn’t as great as it should be currently, both renting and purchasing a home will be difficult for you. Many times, landlords do require a credit check to see what your payment history looks like so they can determine if you’re a good fit to live there. Additionally, finding a mortgage is difficult with a poor credit score too.

If you’re looking for more information on Naperville houses for sale, turn to the professionals at BillWhiteHomes.com today.

Often times when looking for a home, first time buyers might skip their home inspections to speed up their closing process. While this makes sense Naperville houseswhen it comes to shortening the timeframe of you getting into your new place, it’s not wise in the long run. Here are three reasons why you should never, ever skip the inspection process to speed up closing on a home.

It allows you to make up your mind – When it comes to buying a home; you want to make sure you have all the facts on the table before you sign on the dotted line. A part of making up your mind is having a pre-sale home inspection by a professional, which helps to see things that maybe you don’t see as the buyer. This includes things like a faulty septic system, heating issues, and other problems.

It keeps you safe – If you’re thinking about skipping the pre-sale inspection, think of your safety. Many times, having a professional come in and inspect the home is crucial because it identifies hazardous issues that a seller might not be aware of or expose. This helps to keep you, your family, and anyone who comes into your home safe.

It allows you to see everything for what it is – When you’re home shopping, it can be tough to see things that could be potentially dangerous, hazardous, or costly in a home you really love. An inspection by a professional allows you to see the home for exactly what it is – flaws and all – and really put your potential purchase into perspective.

If you’re looking for Naperville houses for sale, turn to the professionals at Bill White Homes. Contact us today at BillWhiteHomes.com.

Naperville houses for saleIf you’re considering selling your home but aren’t sure if it’s worth the time, effort, and money, there are things to consider. Many people are concerned that their home is modern enough for today’s market and that they need to remodel their entire home for added value, but that’s not always the truth. Here are some things you can do to increase the value of your home.

Take it one room at a time – If major renovations need to happen to your home, make sure you take each project room by room.  Breaking down the renovation projects into pieces will help you increase the value of your home because you’ll be working on it one room at a time.

The little things mean the most – When it comes to focusing on improving your home’s value, take into consideration the small, quick projects too. These little renovations or upgrades can pay off in the long run, adding significant value to your home without a full remodel.

Pay attention to curb appeal – When you’re working on adding value to your home, don’t forget about curb appeal. It happens often that people neglect the outside of their home for adding value to the inside instead. Make sure you’re tidying up outside of your house and doing small projects there as well.

If you’re looking for Naperville houses for sale and are unsure of where to turn, contact our team at BillWhiteHomes.com today.