Melanie C Hill - Licensed Realtor - not currently operating

11/11/2022

To those who have served and are currently serving in the military, and to their families: Thank you.

We are deeply grateful for your service and sacrifice.

Mel Hill
Realtor, Long and Foster Real Estate
#679328 MD
Long & Foster Real Estate, Inc.
(667) 206-0867 (Direct) | (410) 833-5400 (Office)
[email protected]

10/05/2022

https://www.longandfoster.com/MelHill

https://www.longandfoster.com/MelHill/pages/buying

06/02/2022

Before selling your home, it’s hard to know what improvements you can do now that will add value to it – without spending a fortune. To help, each year Remodeling magazine releases their Cost vs. Value Report, which estimates the average cost of a project and the percentage of the investment that will be recouped if the home is sold within a year.

Based on the 2022 report, here are the top four home improvement projects with the highest return at resale.

Garage Door Replacement: Traditionally ranked as one of the highest returns on your investment, the average cost is $4,041 and you’ll recover 93.3% of the cost.

Stone Veneer: Replacing the bottom third of your home with manufactured stone veneer costs an average of $11,066, and you’ll see a 91.4% return on your investment.

Minor Kitchen Remodel: Adding new cabinet doors and hardware, installing energy-efficient appliances and replacing countertops, your sink and faucet—all part of what’s considered a minor remodel—costs an average of $28,279 and returns 71.2% of its cost.

Siding Replacement: New fiber-cement siding that’s been factory primed and painted will cost $22, 093 for 1,250 square feet and will recoup 68.3% of the cost.

Keep in mind, this is a national report, but if you click the link https://www.remodeling.hw.net/cost-vs-value/2022/, you can find local numbers to see home improvements that provide the best return on investment in your area.

If you’re planning to put your home on the market, I’ll be happy to recommend any repairs or improvements you’ll need to make - just let me know how I can help.

Thank you,

Mel Hill
#679328 MD
Long & Foster Real Estate, Inc.
(667) 206-0867 (Direct) | (410) 833-5400 (Office)
[email protected]

This site compares average costs for 22 remodeling projects with the value those projects retain at resale in 150 U.S. markets

05/10/2022

Real Estate Market Update:
The housing market is influenced by the state of the economy. With so many economic developments recently, you may be wondering about the impact on the housing market. To keep you informed, we looked at a few factors that are currently affecting the real estate market.

Rising Mortgage Rates:
The recent increase in mortgage interest rates - currently over 5% - are the highest they’ve been in more than 14 years. Although still historically low, these higher rates have resulted in hesitant buyers, so fewer people are looking for homes.

Persistent Seller’s Market:
It's still a seller's market with low inventory of homes on the market, but we're seeing fewer offers on available properties - 2 or 3 instead of 8 to 10, as had been common. Since real estate is hyper-local, though, this trend varies in different areas.

Increased Job Openings:
We’re experiencing an all-time high for job openings in the United States. As the job market heats up, employers will be competing for qualified candidates, which should push wages higher.

Inflation:
Inflation, however, is currently outpacing wage increases. But, as it stabilizes, higher wages should boost consumer buying power, helping minimize the affordability issues that come with higher mortgage rates and home appreciation.

The good news is that buying a home is an excellent hedge against inflation. While the amount you’re paying for food, gas and materials has increased, locking in a 30-year fixed rate mortgage will keep your housing costs steady.

If you’re planning to sell your home while it is still a seller’s market, I’ll be happy to provide you with a comparative market analysis of your home’s value and guide you throughout the entire process.

Alternatively, if you’re planning to buy a home, I can help you prepare so you’ll be ready to make a winning offer.

My best wishes for a great May!

Melanie Hill
Realtor, Long & Foster Real Estate
46 Main Street, Reisterstown, MD 21136
Office: 410-833-5400
Cell: 667-206-0867
[email protected]
www.longandfoster.com/MelHill

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05/10/2022

With so many economic developments recently, you may be wondering about the impact on the housing market. To keep you informed, the team at Long & Foster looked at a few factors that are currently affecting the real estate market.

05/08/2022

Wishing all Mom's out there a wonderful Mother's Day❣️

04/28/2022

I am a licensed and local Realtor with the market knowledge, experience and customer service skills needed to help you successfully sell your home. Give me a call or text me at 667-206-0867.

https://www.longandfoster.com/MelHill

04/27/2022

With the recent stock market volatility, inflation and all that’s going on in the world, you may be looking for opportunities to diversify and protect your investment portfolio. Over the long term, real estate provides steady appreciation and is usually an excellent investment response to inflation. Savvy consumers are becoming increasingly interested in owning property to get the many benefits that help offset stock market volatility and inflation.

Even with the recent uptick of mortgage interest rates, real estate is still considered a safe haven to add to one’s investment mix. Here’s a look at several of the potential benefits of diversifying your portfolio into real estate.

Appreciation. While every market is different, home values have historically appreciated approximately 4% annually. Plus, as real estate is a leveraged investment, you enjoy appreciation on the total price of the home, not just the cash you put down to purchase it.

Tax benefits. Your tax advisor can help determine eligible tax deductions on an investment property, which generally include mortgage interest, property taxes, depreciation and operating costs, such as repairs and maintenance.

Tenant-paid mortgage. As your tenant pays rent, your mortgage balance is reduced, building equity in the property for a future sale or to borrow against and buy another property.

Cash flow. Depending on expenses, you can usually generate positive cash flow from the rent you charge.

If you’re thinking about investing in real estate, I can help evaluate investment properties that fit your financial goals. In addition, my Long & Foster partners in mortgage, title, insurance and property management are here to assist you every step of the way.

Wishing you and your family a great spring!
Thank you,

Mel Hill
#679328 MD
Long & Foster Real Estate, Inc.
(667) 206-0867 (Direct) | (410) 833-5400 (Office)
[email protected]
www.longandfoster.com/MelHill

04/27/2022

Neighborhood News for 21136: