REALTOR® Membership Resources Tools for Agents

“You will pay the price if you don’t take the time to know fully who you’re working with.” Whatever your budget, there’s a home remodeling project that’s affordable for you, meets your needs, and can add value when it’s time to sell. Nearly half — 46% — of home buyers surveyed in the NAR report say they’re less willing to compromise on a home’s condition when purchasing. Investing in smart remodeling projects can not only make you happy but also help your home appeal to buyers. Many homeowners are prioritizing large-scale house projects — often taking on two to three at a time. You can also request an end to paying PMI premiums once your loan balance has dropped to 80% of your home’s value.

Sell

• Your real estate agent should be able to offer some insight, too.
• “Vinyl is one of the most common types of flooring in households now, so steam cleaning floors is not an option for many homeowners,” says Chris Willatt, owner of Alpine Maids in Denver.
• In addition, look for electronics you don’t use (hello, DVD player) or maybe get rid of that extra refrigerator.
• Wellness is becoming the latest buzzword in real estate.
• Anticipating it’s release; I think is a good consumer tool that I hope consumers embrace.

She also likes baking soda and hydrogen peroxide, each of which can be found for just a fraction of the cost of their popular store-bought equivalents. “Vinegar will clean a lot of things, and it’s a heck of a lot cheaper than buying pricey cleaning supplies,” says Prettelt. In addition, look for electronics you don’t use (hello, DVD player) or maybe get rid of that extra refrigerator. These vampires can account for as much as 20% of your total energy costs, Duke says. A money waster that’s easy to overlook is an energy vampire — an appliance or appliances in your home that are always on, but don’t need to be.

• Homeowners also rate bathroom renovations highly for bringing them joy, according to the NAR report.
• They also sought the opinions of Realtors throughout the process, making it clear in the initial presentation that thousands of consumers and thousands of Realtors were asked their opinions so that the Association could deliver a product with broad appeal.
• From DIY projects to design ideas, this app has everything you need to transform your living space into the home of your dreams.
• Realtors are fighting back against the idea that consumers might be able to use the Internet to bypass them.
• This tool helps you streamline and organize your home makeover projects, making the process more efficient and manageable.
• Here are ways to collaborate and use technology tools to get results in the current housing market.

A score in the mid-700s or higher usually qualifies for the best rates, but buyers with lower credit scores still have options. It’s true that higher credit scores can unlock larger loan amounts, smaller down payments, lower fees, and lower interest rates, but perfect credit isn’t required. Typical homeowners today have about $430,000 in net worth compared to renters, whose net worth is less than $10,000. But Lawrence Yun, chief economist for the National Association of REALTORS®, says those comparisons don’t tell the whole story.

HouseLogic

Find out where problems can occur and how to focus on the sale, not the buyers. The app has become an invaluable resource for many individuals and families embarking on home makeover projects. HouseLogic was developed by the National Association of Realtors (NAR), the largest trade association in the houselogic.com United States. This tool helps you streamline and organize your home makeover projects, making the process more efficient and manageable. These include indoor projects, outdoor projects, DIY, design ideas, and more. From DIY projects to design ideas, this app has everything you need to transform your living space into the home of your dreams.

For indicators on state, city, and county levels, please contact state and local REALTOR® associations. So, keep an eye on your statement and whip out that calculator when you’re getting close. You’ll have to pay for PMI until your loan balance drops to 78% of the original appraised value of your home. You’re probably paying for private mortgage insurance, or PMI (a type of insurance that guarantees your mortgage lender will be covered if you default). If it doesn’t fit in your home, is it really worth keeping?

Before you hire a contractor, schedule three to five in-person interviews, gather bids, and thoroughly check the background of any you’re considering. Referrals — from neighbors, friends, or others —are a common source when looking for a remodeling contractor. Now, as the creator of the “Contractors from Hell” website, Costello fields messages from desperate homeowners who’ve had similar experiences.

This free tool helps you compare and establish your freelance rates

Experts say it’s important to choose a style that complements your home’s architecture. Further, a new garage door can help homeowners feel better about their homes, the 2025 report finds. Choose projects that don’t involve moving plumbing or taking out walls, Hicks says. “You want to keep up with the Joneses, but you don’t want to beat the Joneses” when remodeling your home, says Angie Hicks, cofounder of Angi. Americans spent an estimated $603 billion on remodeling their homes last year, according to the NAR report. Melissa Dittmann Tracey is an award-winning journalist covering the housing market.

Real Estate Business Letter Templates

Consider smaller scale updates, which can sometimes be completed for $200 to $5,000. But bathroom remodels can be expensive, too, costing on average $15,000, and easily increasing depending on the extent of changes. Homeowners also rate bathroom renovations highly for bringing them joy, according to the NAR report.

• Unlimited access, no lockouts • Full Premium archive access • Inbox delivery + curated digests • Stop anytime, no hoops Start with your state’s housing finance agency to find options. Also, a heads-up — the date an FHA loan was issued affects the MIP. In addition, consider practical matters before getting a jumbo loan too. Fannie Mae and Freddie Mac set limits on how much money you can borrow for a conventional loan. If you’re getting an ARM, the minimum down payment requirement is 5%.