As we've all experienced a roller coaster couple of years, I've been doing home equity check-ups for a number of my previous clients and friends. Can you recall when you last had one? This may be the ideal time.

A home equity checkup allows you to assess your home from every angle. We'll go through any issues, provide suggestions to raise the value of your home, talk about the modifications you've made since moving in, and, of course, go over your questions. We'll be going over paperwork that may tell a tale about the value of your home, so making an appointment is a fantastic way to keep yourself organized!

Do you know...

• the new value of your home?

• the replacement cost? 

• why knowing your replacement cost is so important?

• that you may be eligible to exclude the first $500,000 of gain on the sale of your home?

• that you don’t need to buy a replacement property to be eligible for that $500,000?

• whether or not you need a flood insurance rider?

If you can’t answer "yes" to all of the above, you may need a home equity checkup!

Can you rebuild your home or what your insurance is covering for you? Are you appropriately covered?

As Conejo Valley residents strive to stay on top of the ever-changing real estate scene, home-building and replacement expenses have risen. As building costs rise throughout the Conejo Valley, it's more critical than ever to ensure you're protected from the true new cost of rebuilding your house. Most ordinary insurance policies cover falling water, but you may require rising water coverage in Conejo Valley. We can go over your insurance and see what you might need if you decide to sell your property.

What about the taxable gain on the value of my home?

As mentioned in the bullet points above, here's something to consider: due to a recent change in tax legislation, married couples may be able to subtract $500,000 from the gain on the sale of their house, while singles may be able to remove $250,000. As a result, tax laws no longer require you to rebuild the property! Furthermore, we can lower your taxable gain by calculating the approximate expenses you've incurred in the purchase of your home. Of course, we'll defer to your accountant and insurance agent on questions within their domains, but having a checkup may really bring up a lot of points like these that you might not think of otherwise.

If you have to think about when your last home equity checkup was, it's time for a new one! Because home values have increased by more than 30% in the last year, it is almost guaranteed that the value of your home has increased. Without a full in-person inspection, it's difficult to rely entirely on an internet estimate. Finally, you'll be able to walk away with a good-range valuation for your property, as well as shed light on some previously dark spots concerning how it's being influenced. Updates only take 30-45 minutes, and we'll go over every part of your home from top to bottom. I'd love to meet with you to assist you in piecing together your situation!