Lions Realty Group brokered by eXp Realty California Inc DRE#01878277
Taunee English, Lions Realty Group brokered by eXp Realty California Inc DRE#01878277Phone: (323) 319-2176
Email: [email protected]

Slaying the Home Improvement Myths

by Taunee English 05/10/2020

Photo by Rades via Shutterstock

Not everything you’ve heard over the years about home improvements actually “improves” your return on investment. In fact, there are some myths that continue to crop up that surprise homeowners when they price their homes to sell them on the market. Learning the difference between a change you make for your family to enjoy versus an improvement that raises your home’s value can be a painful lesson if you wait until requesting a market evaluation from your real estate agent.

  • Every renovation adds value to the home. Splitting a large master bedroom to create a guest room or add a bathroom to your home might increase your asking price, but that doesn’t mean an underwriting evaluation determines it the same way. And while combining two smaller rooms into one or removing a wall could increase the room’s usefulness, on paper, the decrease in bedrooms might lower the valuation amount. If improving livability for your family is the goal, do what works best for you. But, if you’re renovating so that you can sell for a higher price, talk to a home valuation expert, such as a licensed appraiser, to see what really gives you a return for your home.
  • Completing the project yourself saves money. This myth only holds true if you’re a qualified contractor. Sometimes, in an effort to save money, you end up spending more to correct errors you didn’t know not to make. Hiring qualified professionals nearly always pays off as compared to doing it yourself.
  • Pools add sales value. Many homeowners believe that installing a hot tub or pool makes their home more attractive. While in some locations this indeed is true, if your home is located in a climate with variable seasons, a pool requiring maintenance can be off-putting to many buyers. Putting in a pool should be for the sake of those living in the home. When it comes time to sell, your experienced real estate agent can help you market it with a pool even if that’s not a big seller in your location.
  • Improvements should be trendy. Despite what you see on television, not all design trends improve your bottom line. Trading out your bathroom door for a barn door might satisfy your need to update your home, but not all buyers appreciate the lack of privacy a barn door offers. And, while shiplap might be popular when promoted by a well-known designer, homebuyers often prefer less textured walls on which to make their own mark.

The bottom line is that to improve your bottom line, stick with upgrades to appliances, a new roof, replacing that garage door and upgrading the landscaping. Your real estate professional can clue you in on which improvements increase the price and which promote a speedier sale. When you’re ready to sell, ask for a market evaluation on your house.

About the Author
Author

Taunee English

TAUNEE is

2021 Inspirational Woman Leader of the Year!

Want to Sell Your Property at its HIGHEST and BEST USE? Want to Buy Property at the Price that BEST meets YOUR financial goals?

THEN Taunee is YOUR Award-Winning Trusted Real Estate Advisor!

  • Accountant
  • Advisor
  • Advocate
  • Amazing Auntie
  • Author
  • Award-Winner
Taunee English is a third-year award-winning Real Estate Broker and was named 2019 Realtor of the Year by the Beverly Hills/Greater Los Angeles Association of REALTORS® (3rd Largest AOR with over 13K members).
She is the new Branch Manager of Beverly Hills, Lions Realty Group of eXp Realty California Inc a ResiMercial Brokerage serving Greater Los Angeles, and the 2019 winner of the Los Angeles Real Estate Agency Award!
She is a U.S Navy Veteran, and she is as devoted to entrepreneurship and professional development as she is to our country. Taunee serves as 2022 Treasurer and the Beverly Hills Regional Chair at Greater Los Angeles REALTORS® Association. She co-created NAR approved Code of Ethics CE course, "Real Estate Court - the People's Court for Agents" while serving her 4th year as Chair of the Professional Development Committee at GLAR.
She also serves as a State Director and 2022 Chair of the Investment Sub-Committee and member of the Strategic Planning and Finance Committee at the California Association of REALTORS®. On the national level, Taunee is serving on the Leading Edge Advisory Board at the National Association of REALTORS®.
Taunee is a strong supporter of Women In Leadership and is one of the founding members and served as its 2021 President of LA/Beverly Hills Women's Council of REALTORS®.
She is very committed to increasing more Diversity, Inclusion, and Equity in the Real Estate industry and is the founding member and the 2022 Treasurer of the California Association of Black Real Estate Professionals.
And most of all, she is the devoted daughter to her parents - a mother that she plays Twinsie with fashion photo shoots (at least three times a year) and a father who has the onset of Alzheimer which was what prompted Taunee to obtain her certificate in Fiduciary Management from UC Riverside and to further her work with families in establishing Trusts and avoiding Probate.

Why Taunee and her Lions Realty Group Team?

Her Team's Motto is :  Catch a Passion for helping others and a richer life will come back to you!William H. Danforth, Founder of Ralston Purina 
We would never do you the disservice of taking pricing lightly — correct pricing is too important. Your home is special and unique. Your home represents a certain lifestyle and we will market accordingly in order to reach the best prospective buyers. We carefully review recent relevant property sales, evaluate other homes with which your house will be competing, analyze current market statistics, and then our Team come back to you to discuss the recommended Strategic Marketing Price.
Her Team's Approach: We tell our Listings’ Stories with Numbers. Taunee had the highest sold price per square foot for the 1st part of 2019 in Venice of LAC2 -Single Family use and has a consistent record of selling properties above comps at the time of sale, by using Pricing Psychology and Price Banding.
#EducatedRealtor Taunee English, team leader of the Lions Realty Group brokered by eXp Realty, has been practicing in the real estate industry for over 17 years and holds several distinguished real estate certifications and designations such as: Certified Negotiation Expert (CNE), Pricing Strategy Advisor (PSA), Performance Management Network (PMN) Graduate, Realtor® Institute (GRI), Seniors Real Estate Specialist (SRES), Certified Condominium Specialist® (CCS), Certified Real Estate Owned Specialist (CREOS), Residential REO Buyer Specialist, Short Sales and Foreclosure Resource (SFR), Property Management Certification (PMC), Certified Probate Real Estate Specialist (CPRES), National Commercial Real Estate Advisor (NCREA).  
Prior to entering into the Real Estate Industry, Taunee English was certified by the Internal Revenue Service as a Tax Specialist (Enrolled Agent), ran a CPA firm and provided business management services for various industries from A to Z serving mainly attorneys, doctors and tv and film production industry clientele. She is also a Business Broker who sells businesses when they are included in a Trust or Probate Estate.  
The Lions Realty Group Team provides Real Estate Solutions to families who experience any of Life's 5Ds: Divorce, Death, Disasters, Disability, Downsizing. Our extensive accounting and business management experience has given us a unique insight in helping our clients meet their financial and tax strategy goals using real estate as a vehicle. We work as a part of a collaborative team with our Clients’ Accountants, Attorneys, Conservators, Financial Advisors, Professional Fiduciaries and Trustees to create and implement the right strategies to help maximize the values of our clients’ real estate assets. We endeavor to ensure that the timing, the vesting and the financing of their real estate transactions are in sync. Our Team sells ALL property types included in the Trust or Probate Estate: from Condos, Single Family homes, Multifamily and Commercial properties to Businesses. We sell properties at their HIGHEST and BEST USE in order to MAXIMIZE the sales price for heirs and beneficiaries.
As a member of the Institute For Luxury Home Marketing, our Team represents high visibility individuals such as: film, tv and music personalities, sport figures, politicians, high wealth business figures and other notables. We value and practice Discretion and Confidentiality (Taunee, when serving in the Navy held a Top Secret Clearance and heavily utilizes the concept of the "Need to Know" ).
At Lions Realty Group, we are passionate about helping people create financial security by using real estate as its foundation.
We realize that Numbers do not speak for themselves. They need help, and our team has the ability to translate the Numbers into layman’s terms for our clients and ALSO to use accounting terminology with their accounting and financial professionals.
Moving out of California? Lions Realty Group as part of eXp Realty (one of the world's fastest-growing real estate brokerages located in over 14 countries with a community of over 70,000), has an extensive national and international network of experienced Real Estate Advisors that can provide deep local real estate experience and knowledge to make your relocation experience as frictionless and empowering as possible. 
Want to know the TOP States Californians are moving to? Click on the above About Us tab and download our complimentary E-Book: So, you wanna leave California? Lions Realty Group’s Guide to the Best States to Move to!
P.S. As an avid fan, Taunee once held the social media title of Shark Tank Guru because of her uncanny ability to predict which deals each Shark will accept or pass on (at a 85% success rate).

Broker Associate of eXp Realty of California Inc.: License ID: 01878277