Why Do Certain Salt Lake City Area Homes Sell for More than Others?

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There are tons of reasons why certain homes sell and others do not. However, there are four factors that are the most important to know.

• Location: We heard it in real estate school fifteen years ago and we still do. It’s the best way to maximize value. It could be a location within your city or neighborhood. It could also be a well-placed land lot. It could be the way your backyard is placed. It could be how close or far your home is away from parks and other local attractions.
• Presentation and curb appeal: Buyers should feel compelled towards your property. Your goal is to get them hooked before they walk through the door. Add some extra flair and curb appeal to attract them.
• Layout and floor plan: You cannot change these things without extravagant renovations. When your expert advisor explains certain things about a particular blueprint aren’t ideal, that’s a warning. It will affect you when you sell the home later on, despite how cute it looks.
• Marketing: Not all marketing plans are created equal. Getting a home out there as quickly as possible, the right way, is the best way to earn top dollar.

If you’re thinking of buying or selling in Utah, reach out to me by phone or email. I’d be happy to answer your questions and serve your real estate needs!

The Airport Terminal Redevelopment Project in Salt Lake City

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If you haven’t heard the buzz about the Salt Lake City International Redevelopment Project, you will soon! It’s new information to everyone, but the local airport will be rebuilding a majority of its terminals. It will be an eight-year-long project that closes around 1.8 billion dollars. However, the project expects to bring in 3.3 billion dollars in the local economy, in addition to creating 24,000 jobs.

The current design isn’t up to par anymore. Previously, it was created to serve 11 million passengers a year. Currently, Salt Lake International serves 22 million passengers a year and grows 5% annually. Plus, the buildings have aged and aren’t adequate to survive an earthquake. That’s why the building will be rebuilt, instead of remodeled.

There will be two separate levels for drop-off and pick-up, on-site terminals for rental cars, and more parking. Additionally, international traffic will increase in the next few years, including direct flights to Amsterdam, London, and Toronto. Although it’s a few years away, I’m excited to see the changes and success the project will bring to our area. We might even begin to see changes in the airport as early as next month.

If you have any questions about real estate in the surrounding area, give me a call or send me an email! I’d be happy to answer any questions you have.

What Can You Expect from Salt Lake City Real Estate in 2016?

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This year has started off with a bang when it comes to the stock market. There has been a lot of turmoil in our global economy and our global markets, China in particular, and it has made investors a bit uneasy. We feel a good solution to global economic instability for investors is to invest in local real estate in order to diversify their portfolios.

A shaky world economy is beneficial to local real estate markets, as it's likely interest rates on mortgages won't see much of an increase this year. While the Fed has raised rates slightly, they're only short-term rates. Currently, you can lock in an interest rate around 4%, which is fantastic.

There is more good news. In 2015, home values increased significantly, and we're expecting more of the same this year. Some people fear that we're in a bubble because things are going so well, but the fact of the matter is that our current conditions are historically normal. Lenders are more careful about who they give loans out to now, so it's not likely that we'll see another sudden downfall.

If you have any questions about what to expect in 2016, or if you need real estate assistance of any kind, please don't hesitate to reach out to us. We would love to hear from you!