Improving the Value of Your Austin Real Estate:

The biggest factor outside of an Austin Texas real estate homeowner’s control is real estate market conditions. But other real estate issues -- including the condition of the property, specific home improvements and neighborhood stability and safety -- can influence the value of a home.

The greatest rise in home prices occurs when the economy is strong and the number of homes sold increases. Though markets vary, this has occurred several times in recent history -- including the early 1970s, late 1980s and late 1990s.

Within the Austin Real Estate market, specific home improvements can increase the value above the cost of the improvements. According to Remodeling magazine, which publishes an annual "Cost vs. Value" remodeling report, a remodeled bathroom returns 81 percent to the owner, a bathroom addition, 89 percent and a master bedroom suite, 82 percent. Remember, quality pays. Well-planned and well-executed remodeling jobs are a good investment while bad work on homes seldom enhances value or livability.

The safety and security of a neighborhood can also affect the value of property value, too. If you live in a high-crime area, a well organized community watch program not only will lower the crime rate it will also increase the overall value of the market.