Flip Your House Faster
If you want to sell your property you do not want it to be on the market for months. Now you have made up your mind that it is time to move on you just want to find a buyer quickly, so what should you be doing to achieve that?
First Impressions Count
When a potential buyer sees the front of your property that is the first impression they have. You should be ensuring that the outside has curb appeal, or they may just not bother to knock on your front door.
Start with the house itself. The windows and doors should all be in good condition, with their furniture polished and clean. Repair any defects with the roof and guttering, as problems with these can be something that puts people off. While doing all this, do not forget that the garage door might need some work as well.
If you have a porch, tidy it and make sure it is clean. Remember all of this is seen before you even open your front door. Next, move onto the garden. Mow the lawns and weed the flowerbeds, not forgetting to prune any shrubs that need cutting back. If you have off-road parking, the drive should be in good condition.
Making your home look as appealing as possible from the outside is a good start to attracting prospective buyers.
The Inside Matters Too
A makeover of your kitchen and bathroom is always a good idea, as it is said those are the two rooms that sell a house to most women. Improving your home is a brilliant way of getting a better price, but not if you have bodged jobs that look unprofessional.
Often, decluttering the room and some decorating will be enough to make them look as good as new. In fact, this applies to every room of your home. Installing a new bathroom suite is great, as long as it is done properly. New windows, a conservatory or a pergola can all add value to your home, but they must not look like DIY projects, even if they have been.
If your floors need attention, now is the time to do it. Hardwood floors will benefit from refinishing, while old tatty carpets should be ripped up and thrown away. Making use of nooks and crannies can make your home appear a bit larger than it actually is. A small shelf with a plant on in an unused corner can be very effective.
Walls and ceilings should be neutral colors. Although these might not be to your taste, they are better for viewers than bright or dark colors. Any broken glass, even an internal mirror, should be replaced along with anything else that is defective.
Make your attic into a usable space. This is a cheap way of adding an extra room that could be used for anything the new buyer wants. Clean and tidy the whole interior, as nothing is more off-putting than dirt.
Use Social Media
If you are on Facebook, Twitter, Instagram or any of the other social media platforms, post photos of your house and the fact it is for sale. These days, social media is for more than just connecting with family and friends. You will find real estate pages where people just like you are showing off their homes.
You can target specific audiences as well, the ones that are looking for a new home. You never know, the perfect buyer might just be looking at social media the day you post your home. With literally billions of people logging into the various social media platforms every day, you have the potential for more people to see your home than any other way.
Try A Quick Sale Company
The situation can arise where you need to sell your house really quickly, perhaps in a matter of days. This is not impossible if you think about selling a house to a company such as who will make you an immediate cash offer and put the money in your bank in a very short time compared to the traditional selling methods. Typically, you can expect to get a slightly lower price for your home, but if you need a really quick sale, this is an option well worth considering.
Try Different Realtors
You should get opinions as to the value of your home from several different realtors. Do not think the one that puts the highest value is necessarily the best. If your home is overpriced it will never sell, and sometimes realtors that are being more realistic are the better option. Pricing your home to sell is vital if you do not want it still sitting with it’s for sale sign in many months time.
Look at the realtor track record, which you can easily do by looking at their website. How many people are trusting them to sell their homes? How many sold signs do they have? A website with lots of properties for sale usually denotes an active and good realtor, and you should look at them all closely before deciding which one to use.
Take a ride around the area you live and see what for sale boards there are. See which realtors seem to be most active in your area, as it is not always the most local.
Do Whatever You Can
If you have made your house as presentable as possible, both inside and out, now you just need to do whatever you can towards the selling process. Always welcome people into your home, and if they make remarks about it that you do not like, do not get aggressive or nasty with them. Remember, that everyone has different tastes and when you move into your new home there will no doubt be things you will change to suit you.
If they want to talk about the price, do not be afraid to negotiate with them. Sometimes, it is quicker and easier to come to a deal yourself, and let the realtor know afterward what has been agreed.Read More
How To Add Value Through Curb Appeal
Curb appeal can play a vital part in the value of your home. A property that looks impressive from the outside creates a better first impression on buyers. Here are some tricks for improving your home’s curb appeal and value.
Tidy your front lawn/driveway
If you’ve got a front lawn or driveway, keeping this area tidy could be the easiest way to maintain your home’s curb appeal.
Your lawn shouldn’t look overgrown or patchy – running over it with a lawnmower or adding sprinklers could help to make it look lush and green. Alternatively, you can always switch out your turf for artificial grass. Many buyers actually prefer artificial grass as it is easy to maintain.
When it comes to tidying a driveway, you should make sure that there are no weeds growing out of it and that it is clean. The easiest way to clean a driveway is with a pressure washer. If you have a gravel driveway, you make want to rake it to keep the stones even. Driveways with cracks or missing slabs may require hiring a driveway maintenance company such as Estates Paving.
Fix up your roof
If your roofing tiles are broken or discolored, investing in a new roof could be one of the most effective ways to add curb appeal. There are lots of different roofing options to consider from shingles to tiles. Not all roofs will need repairing and some may simply need cleaning up – getting your roof cleaned could be much cheaper that fitting an entire new roof. It’s worth talking to an expert to see what they recommend.
Fix up your siding
You may also be able to improve your home’s value by repairing or repainting the siding. Professional companies such as John McCarter Construction can help to repair or repaint your siding. Some homes don’t have siding and have bare brickwork or cladding – it could still be worth cleaning this brickwork or cladding if it looks dirty or discolored. When choosing a colour scheme for the exterior of your home, try to keep things fairly neutral as wild colours could put off some buyers and negatively affect the value of your home.
Add exterior lighting
You can also improve your home’s curb appeal by adding exterior lighting, helping to keep your home illuminated at night. Motion sensing lighting as supplied by MAXSA Innovations can be a good option as it will only turn on when people are outside, which will be cheaper on your electricity bill than a permanent light. There are all different types of strength lighting to consider from mood lighting to floodlights.
Plant some flowers
Flowers can help to cheer up the entrance of you home and add value. You could plant these in hanging baskets either side of your front door. Alternatively, you could add flower boxes on your window sills. You could even consider creeper plants and flower beds if you’ve got a passion for gardening.Read More
Little And Large Ways To Increase Your Rental Yield
Buy-to-let investments are for those willing to play the long game. Whether you want to potentially see returns much greater than the amount you invested in the future or you’re looking to build an income stream, it can potentially be a great wealth builder. However, you’re at risk of getting caught up in the market, earning just enough to pay off the house if even that. Here, we’re going to look at how you make the most of your investment and increase your rental yield, so you can ensure your buy-to-let property remains a money maker.
Reduce vacancy as much as possible
Naturally, the biggest risk to your property’s profit potential is having no-one in the house at all. While the property is vacant, you still have to pay the rent, utilities, and maintenance costs the come with it. The longer it stays vacant, the more likely it is to start becoming a financial loss. Working with a property management company, like mentioned at Listen Money Matters, could take a great deal of the strain off you, the property owner. Instead, you can partner up with a business whose mission it is would be to connect you with the rental market.
Know your market and market to it
Of course, the more you know about the market you’re trying to market to, the better. With vacation homes, you’re attempting to reach those making short-term, high-cost rentals at certain times of the year. With apartments, you’re often trying to market to young professionals or those in education who need close access to retail or college areas in a town or city. For larger, multi-room properties, you’re more likely to be renting it out to young families. By knowing your market, you can focus on particular aspects of the property first and foremost to make it more attractive. You can also change where you choose to market it, based on who you are trying to make the property most visible to.
Up your curb appeal
Unless it’s an apartment, you are also going to want to maximize the visual impact of the property on first viewing. Not only does adding a little curb appeal help your rental property grab a lot more attention when it’s vacant, but it can also justify increasing its price in comparison with other similar but less visually impressive properties. If it looks better, tenants are willing to pay a little more for it. DIY Network looks at a variety of ways you can up the curb appeal, from hiring a landscape gardener to simply giving the exterior of the house a new coat of paint and fixing up any of the little blemishes that might be giving viewers the wrong impression.
Claim tax deductibles
Moving on from the ways that you can decrease vacancies and increase interest in the property, now we’re moving onto how you raise the value of your tenants and seriously increase the money you make from the property. First of all, there are several tax deductions available to landlords that could help eat up some of the costs you deal with on an annual basis. Many landlords don’t even consider the possibility of claiming any tax deductions. As Nolo shows, however, you can get deductions for mortgage interest payments on the property, depreciation of real estate, the costs of repairs, travel you have to do in order to visit and look after the property, and more. Hiring an accountant to look at your year-end tax forms could help you see how many deductions you can safely make.
Raise rent strategically
Inflation affects everything in the market, and landlords should never forget that. Raising the rent from time to time, at least when during the lease renewal period, should be done as a necessity You have to make sure that you don’t fall behind the rising costs of maintenance, utilities, and any services you use to market or manage the property. If the demand for rental property is high in your area, you may be able to get away with raising the rent a little more often, too. Just make sure that you know how much notice you have to give tenants based on state law.
Maintain it yourself
Hands-off landlords are willing to eat the costs on regular maintenance and repairs of all kinds. However, if you consider yourself something of a handy person, could you save money by making more of the minor repairs yourself? Balance SMB shows some of the most regular maintenance tasks a landlord will have to deal with. Some of them, like exterminations, require a professional but there are several tasks that you might be able to carry out yourself. You can also offer extra maintenance and services at an extra fee for your tenants. For instance, some landlords offer to clean the property or take care of the garden on a semi-regular basis. This allows them not only to raise their profits off the property, it also ensures that the property is being well-cared for.
Stay in the modern market
The older the property is and the more it shows its age, the less likely you are to get great rental yields from it. More modern house layouts, kitchen materials, and bathroom designs are able to pump up the amount that the tenant is willing to pay. Teams like Schemel – Tarrillion, Inc. could help modernize your home with renovations. From kitchen and bathroom remodels to new flooring, new plumbing, and new doors, you can ensure that your property remains just as appealing in the modern market. Rental renovation companies specialize on getting the work done in occupied properties, as well, so you don’t have to worry about waiting until your next period of vacancy to invest in its profit potential a little.
Keep it furnished
Depending on what kind of market you’re renting to, you could see both more interest from tenants and increase the amount they’re willing to pay for it by furnishing it yourself. For some rentals, like luxury rentals or family home rentals, tenants may be more willing to furnish it themselves. However, for apartments and shared homes, having it furnished is a big selling point. What’s more, some landlords even choose to lease kitchen electronics like fridges, freezers, microwaves to tenants for an added fee paid on top of the rent. Just make sure that your stylistic choices aren’t so personalized that they risk scaring off potential tenants.
Add some space
The most direct way to add value to a home, whether it’s increasing its market value or getting more rental yield, is to add more livable space. If you can add an entire bedroom, you can increase the rent by a significant fraction, but even a conservatory or an added laundry room can be worth the investment. As The Spruce shows, there are plenty of different ways to add room to a house. You can build it on directly or you can renovate and finish existing spaces, such as the garage, basement, or loft. Naturally, you have to make sure that you have all the necessary planning permissions before you plan to make large-scale changes to the property of any kind, so don’t leap before you figure out what is required.
Offer peace of mind
There are other little additions you can make to the property that can act as extra selling points and help you increase the rent just a little. One feature is that of security. There are plenty of security systems you can install, from CCTV to alarm systems, that tenants are willing to pay for in order to ensure their peace of mind and feeling of safety in the home. Not only can this increase your rental yield, but it’s simply a smart investment in your property. You’re a lot less likely to have any damage done to the property while you have more security features acting as a deterrent to any criminal elements.
Appeal to their lifestyles
There are also lots of little smaller potential investments you can make. Not all of these will increase the amount of rent you can ask for that much, but they do make the home a little more marketable to certain kinds of tenants. The biggest one is renting to tenants with pets. This can mean biting the bullet and opening yourself up to the risk of more repairs in the future, but there are lots of tenants who have trouble finding accommodation that allows them to bring their furry friends with them, so it can be one way of fighting the problem of long periods of vacancy. Adding a coffee machine, providing cable TV, or installing high-speed internet in the home are other little lifestyle bonuses that can help your property stay competitive, too.
These are most of the most common strategies when it comes to increasing rental yield. If you can’t implement them, you will have trouble making real money from your property. Remember, when buying rental property, make sure you’re buying it in a market where rentals are favored over new property purchase.Read More
Why Community Is Important For Pitching Real Estate Properties
Real estate opportunities are everywhere. Be it residential properties, commercial ones or even lots that can be used for the client’s own uses, there are countless opportunities available to you. There are many factors that could change a client’s mind or convince them to purchase one of your developments. Size matters, local transport links are important, and even local schools will change their minds.
However, one factor that we rarely see mentioned in promotional materials is the community. It doesn’t matter if it’s a commercial property, a residential one or even a mixed-used development. Community matters just as much as any other factor in the world of real estate and it’s important to consider the opportunities you have to highlight it.
In this article, we’ll be discussing the importance of community and how to utilize it the next time you’re planning to sell a home or get involved with commercial real estate development.
You don’t live alone
Communities are an important factor when it comes to buying a home because you’re never truly living on your own. You’re always going to be surrounded by neighbors and other people, even if you don’t want to directly engage with them. The community you live with can ultimately change the way you perceive a property, and could even convince you to purchase a place in a community.
For example, if you look for land for sale in a country environment, they’ll usually advertise or promote the community they’re a part of. This is because, unlike cities, communities play a huge role in the country lifestyle. This is often because there are fewer people in these country or rural locations. That contributes to seeing them more often when you visit stores or meetings, and you generally get to know them better. Compare this to living in a city where you’ll rarely encounter your neighbors in an apartment. It does change if you live in a suburb where neighbors are a little more friendly, which is why talking about the community is important.
Communities can also affect how much trust you put into your neighbors. Some parents will only buy a home if they know that it’s surrounded by friendly people because they want their children to grow up in a safer environment. In some cases, people might also think about the local community and how it bands together to stop things such as crime.
Advertising these types of advantages to people looking for a new family home is a fantastic idea. Communities affect real estate decisions more than you might think. It’s one of the leading reasons why “celebrity neighborhoods” are created and so heavily sought-after.
However, it’s not just about family communities and creating a safe environment for your kids. Communities can also be professional. Thanks to a rise of single professionals and entrepreneurs looking for business opportunities in urban cities, demand for smaller homes surrounded by professional communities is increasing.
If someone is looking for a single-bedroom home because they’re a single professional, then there’s no point telling them about their neighbors or the local community. Chances are, they really don’t care because their primary focus is to look for a place where they can commute to and from work. They don’t care much for the community because they don’t plan to have kids, and they don’t plan to interact much with neighbors.
However, a sense of community can still attract single professionals. For instance, properties near areas like Silicon Valley and other tech-focused areas are highly sought-after. This is because they promise to surround you with like-minded individuals and potential employees should you want to start a business. This also means that, for a business owner or entrepreneur, there are many opportunities to attract talented individuals and this should be mentioned as well. With the right research, you can make your properties seem like the ideal place for professionals to live in.
Another huge consideration is celebrity communities. If you’re given the chance to invest in property in well-known celebrity locations, you should never pass up the opportunity. This is because you attract special attention when you start dealing with properties in celebrity areas. This can include places like Tribeca in New York City, Beverly Hills and also Malibu.
The reason people enjoy celebrity communities is that they want to be a part of that high-end elite lifestyle. Frequent star sightings can also be exciting and spice up someone’s life, hence why they are so popular. Celebrity neighbors are an expensive and niche property market to get involved in, but it comes with many unique advantages and endless options once you’re a part of it.
However, this is something that you generally advertise very vaguely. For instance, there’s no use putting a celebrity’s name in your marketing materials because it will look desperate. It’s like saying “come here so you can live near this celebrity”, and it’s a poor way to do marketing. Instead, simply mention the elite neighborhood. Talk about how there are many influencers or famous people in the area, and mention the high-end nature of the properties that are in the neighborhood.
Lastly, we should also talk about holiday communities. Many properties are situated in holiday locations, meaning they’re very likely to be tailored towards holidaymakers. This means that communities surrounding these holiday properties are likely going to be other holidaymakers. It also implies that the amenities close to the property are suited towards tourism and entertainment.
Communities that surround holiday properties are generally more luxurious. This means there is a lot of money to make, and you can typically increase the prices assuming the property you offer is filled with high-end furniture and appliances. Holiday homes also increase in price when in close proximity to well-known holiday destinations or when close to public transport, but this also increases the cost of investment.
When selling holiday properties, make sure to mention the local community. This will help you attract a wider audience. It also helps if you mention local culture and how living near locals can help you embrace new languages, traditions, and experiences. Marketing holiday properties are much easier when you offer clients the full package, and this has to include talking about nearby communities and how they can improve the experience. In short, learn about local communities when investing in holiday properties and market them towards holidaymakers.
Some final words
If you’re a real estate developer, then you should never forget about the community that surrounds your properties. Bake the information into your marketing materials, promote different kinds of communities and make sure you’re always on the lookout for ways to show it off. Communities are an incredibly important part of every property purchase. Highlighting the advantages of each one can often increase sales potential. In addition, mentioning communities can also raise the prices of your properties.
In short, always look for ways to bolster your promotional materials using the community as an added positive feature. Talk about how the community is great for kids, or mention the friendly neighborhood. You could even mention local cultures and traditions, and how you can interact with locals if you’re promoting a holiday property. When attracting professionals, mention the local area and how business is thriving. Mention the types of industries that surround the property and consider mentioning the local talent available. Keep all of this in mind, and you’ll find that putting an emphasis on the community around your properties can drastically improve the chances of making a sale.Read More
Reasons To Live In An Apartment
If you are a young adult looking to find your independence and your place in the world, one of the great things you can do is move into an apartment. In this day and age the idea of getting a mortgage as a single resident is almost impossible, and renting can be a much better option if you are young and you still want to have that independence and freedom. Here are some of the reasons to get an apartment this year.
The first benefit of moving into something like Broadstone Northpoint Apartments is the fact that it is cheap. If you are alone or you are starting a family and don’t have a lot of cash, an apartment can be the ideal place to live. Rent is cheaper than buying a house and it will give you the opportunity to save up and get ready for settling down in a home in a few years.
The beauty of living in an apartment block is the fact that you don’t have the responsibility to fix things when they are broken. It is a great advantage for you because you don’t have to take time away from work and you also don’t need to spend money on repairs. This is a weight off your shoulders and again allows you to have some more time and money to yourself.
If you are either living alone or you have a young family, you will want to make sure that you are safe and secure in your home. The great thing about living in an apartment block is that you will have a high level of security throughout the building and you will be able to live in a safe place with your family. Most buildings will have alarm systems, fob locked doors and cameras to keep residents feeling safe and secure in the home.
If you live in an apartment block, you will have added benefits because you will be able to have access to the amenities of the building. Every office building has public amenities such as an outdoor space, a pool, a gym, a playground and maybe even a spa. This means that you can save money on getting fit and having some fun with your family too!
When you are young and you have your whole life ahead of you, you might not want to settle in one place right away. Even with a young family, you might want the opportunity to travel to new places and try out different lifestyles. If you don’t want to be weighed down by a huge mortgage right away, you can rent out an apartment and this will give you the flexibility to move around and decide what you want out of life. Living in an apartment is great for this because you can move out whenever you need to and you won’t be tied in by a 30-year contract. You can live life, have fun and settle down when you are ready to!Read More
How to Sell Your House For Cash In a Jiffy
Do you need to sell your home as quickly as you possibly can?
Then you should know that you can sell your house for cash in a matter of just a few days in some cases. There are companies that will give you cold, hard cash for your home even if it’s not in great condition or hasn’t been maintained properly over the course of the last few months.
If you ever find yourself in a position where you need to sell your house for cash quickly, you can do it as long as you follow the right steps. It will ensure you get top dollar for your home without having to wait a long time to sell it. Here are some helpful tips for selling houses for cash.
Figure Out How Much Your Home Is Worth
The first thing you’re going to want to do before you sell your house for cash is to try and figure out exactly how much it’s worth at the moment. Normally, a real estate agent will be able to take a look at the market in your area and help you generate a sale price for your home. But when you’re selling a home for cash, you need to do the homework yourself to see what your home is worth.
Fortunately, there are plenty of online real estate sites that can provide you with estimates as far as how much your home is worth. You can also use these sites to see how much other homes in your community have sold for in recent months. This should give you a rough idea of how much you should price your home for. The more research you do, the more confident you will feel at the ballpark price you come up with for your house.
Prepare Yourself for Lowball Offers From Cash Buyers
When you attempt to sell your house for cash quickly, you’re probably going to fetch quite a few offers from cash buyers who try to lowball you. They’re going to see you as a motivated seller who will accept much less than a home is worth in a cash deal. While this might be true, you shouldn’t let cash buyers take advantage of you when you’re selling your home. You should prepare yourself for lowball offers from them and avoid taking the first offer someone gives to you.
At the same time, you should wrap your head around the fact that you’re probably not going to get a full cash offer from someone willing to pay exactly what you want for your home. You’re likely going to get less than what you want from a cash buyer. Try not to get too discouraged by this! You are, after all, going to have the opportunity to unload your home quickly when you work with cash buyers. They’re going to help you avoid the hassle of having your home sit on the market for months and months at a time when you sell.
There is some real value in that and should not be discounted. This website can explain more about how selling a home quickly for cash can benefit you.
Create a List of the Features of Your Home
When you sell a home for cash, you’re usually not selling it to someone who is going to move right into your house right away. More often than not, cash buyers will purchase homes and fix them up before reselling them for a profit. So you don’t have to worry too much about selling cash buyers on the great features in your home. But you do want to put together a list of basic features in your house so that cash buyers are more enticed to put forth their best offer.
You should let buyers know the total number of bedrooms and bathrooms in your home. You should also let them know about any recent remodeling or renovating jobs that have been done. You should even consider letting cash buyers know about the school district your home is in and the taxes that you pay every year for your home. These could be great selling features that will motivate a buyer to put their best foot forward when putting together an offer for you.
Make Sure You’re Working With a Reputable Cash Buyer
The cash buyer you sell your home to should have experience purchasing homes for cash in the past. You should speak with them about how many homes they’ve bought for cash and ask them what they can do to speed up the transaction for you. Ideally, you want to find a cash buyer with positive reviews from those who have worked with them over the years. This will ensure that you receive cash quickly for your home and are able to move on with your life.
Keep Accurate Records Stemming From the Sale of Your Home
While you may want to sell your house for cash quickly, you shouldn’t do it at the expense of good recordkeeping. From the moment you put your home up for sale to the time you close with a cash buyer, you should detail every aspect of the transaction. You should also get everything in writing during a home sale so that you can refer back to it later.
This will come in handy when tax time comes around. It will also protect you in the event that a cash buyer disputes some part of the transaction later. Even though things might get hectic when you are selling houses for cash, you shouldn’t let that stop you from keeping accurate records. It’ll protect both you and the cash buyer later on.
You Can Sell Your House for Cash Very Quickly
Are you thinking about trying to sell your house for cash sometime soon? Take a deep breath before you start and make sure you’re prepared for the process. It can all happen very quickly. And if you’re not ready for it, you could end up getting a raw deal from a cash buyer.
As long as you follow the steps listed here, your home sale should go off without a hitch. You should get the cash you want and get out of your home quickly. You’ll enjoy the experience and won’t have to worry about your home sitting on the open market for a long time.
Check out our blog for more information on buying and selling homes.Read More
How Interior Designers Maximize Light In Any Home
When it comes to your property, if there is one thing you need to get right, it is the light. Lighting has the power the transform the look and feel of any room. An awkwardly shaped room can easily look welcoming and luxurious with the right amount of light. On the flip side, you can do your stunning and high-end home an injustice by not getting the lighting right. So, how do interior designers maximize light in any home? Let’s take a look.
They have a layered approach to lighting
There is only one place to begin, and this is with the most significant home lighting mistake of them all. Where most people go wrong today is assuming that we only need ceiling lights. This could not be further from the truth. Relying on a harsh overhead light is not suitable for your health or the interior environment. Instead, layering is the right approach to adopt, ensuring that all design features and architectural features, from ceiling to floor, are highlighted. This creates a room that is warm and welcoming.
They use light to highlight their properties best features
This is an approach that is very much underused in homes. From piano lamps to picture lights, it is a good idea to make the most of lighting that is going to ensure the spotlight is on your main accessories, structures and features within the home.
Installing a dimmer switch
It does not matter how big a space is. No matter your budget, scale or size, a dimmer switch is a necessity. This is a simple device that can make a monumental difference. It adds to the sex appeal, atmosphere, mood and transition to every room.
They allow as much natural light as possible into the home
– In addition to the points that have already been mentioned, interior designers focus on making sure that as much natural light as possible enters the room in question. There are numerous ways this can be achieved. Of course, you can knock down walls and make them bigger, as well as installing luxurious and glamorous skylights. Easier approaches involve using statement mirrors and reflective surfaces so that the light bounces off the shiny surface and back into the room, opening it up and making it bigger, more welcoming, and more glam.
As you can see, there are many different tricks and approaches that you can use to make sure that light is being utilized to maximum effect within your home or a property that you rent out or use for vacation purposes. If you follow the suggestions that have been mentioned above, you will notice a considerable difference with regards to the way your property looks and feels.Read More
Renovations to Increase the Value of Your Home
When selling off a home, the top priority of an owner is to always benefit from the best possible resale value. With a generous budget and proper renovations, you could even increase the value of your home until it is considered a luxury property. But in this article, we are going to focus on what can you do spending some extra bucks.
If the property is an old one and has been lived in, there are chances that it has lost its previous charm. Therefore, prior to showcasing such a property for sale or rent, the owner should spend some time to remodel and improve it.
A home that has problems with structural timber tends to have broken tiles, leaks and plumbing issues. These concerns set a negative impression on potential buyers and repel them. Perform all of the maintenance work before deciding to sell a property.
Here are some renovation ideas which you might want to consider in order to benefit from the best resale value:
Kitchen and bathroom remodeling
If you want to impress your potential buyers in the first go, the first thing that you should consider prioritizing is remodeling your old home in order to gain the maximum out of its sale. The parts of the home which you should necessarily consider remodeling are the kitchen and bathrooms as they are known to have a positive impact on buyers.
Modifications that you might consider making in your kitchen could include an improved layout and installation of branded kitchen appliances and better quality material for the cupboards and working surfaces. You can also remodel the kitchen in terms of storage space and make better use of the corner space as a part of the remodeling. The other remodeling ideas include changing the tiles and the paint of the walls and painting a faux-wood finish onto the cabinets.
Improving the bathroom is also one of the best ways that can help you benefit from a handsome resale value. You can upgrade the sanitary ware and the tiles and replace the existing fixtures like taps, basins, and bathtubs with new and modern ones. If you are on a higher budget, addition of luxury sanitary ware such as a jacuzzi and installation of showers with body sprays are worth spending on.
As first impressions are quite often last ones, it is clear that a property that has been nicely landscaped will attract the attention of potential buyers over the ones that lack a proper landscaping. As part of the upgrade, you may consider manicuring the lawns and including flower beds. You can also build brick-paved pathways and driveways, and add water features as well as garden lights that will help you create a positive impact on the buyers at the first go.
Improving the exteriors of a property, especially if it is a considerably old one is very important when it comes to increasing the value of it. The popular exterior improvements that are worth spending for include – attractive boundary walls, decorative wrought iron gates, and electronic garage doors.
Also, painting the exterior of the property with complementing neutral colors will prove to be eye-catching to any potential buyer. You can also consider adding patios and decks, irrigation systems, gazebos along with a pergola, and columns to the porch, as it will add to the property’s charm and increase the value of your home.
Properties with swimming pools are generally known to fetch better resale value than the ones that lack them.
If your property does not have a swimming pool, you should consider building a nice one, provided there is space for it inside your premises. If a swimming pool already exists in your property, you must make sure that it has been cleaned and is in its best condition before you have potential buyers view your property.
Replacement of existing windows
Replace the existing old windows might help increase the property value. If your property is situated in a place which experiences either extremely hot or cold weather, you might consider investing in something called low e-glass. This glass is known to reflect heat and coldness, and therefore will protect the home from extreme weather damage. It also helps in maintaining the temperature of your home. Replacing old windows also helps in brightening up of the home’s external appearance.
Bedroom and living room update
In order to make your property eye-catching for potential buyers, updating the rooms (especially the bedrooms and living rooms) are worth the money. The updates might include crown molding, which is known for giving a room a crisp and clean finish, that the buyers will surely love. If the home is a furnished one, shifting the furniture away from the walls helps in making the room larger and more contemporary. There’s a strong move towards minimalism in interior styling, which is why you may want to consider just leaving the bare necessities in a good condition and adding a fashionable rug in the center of the living space. You can also consider changing the fixtures as well as integrating it into a smart home system.
If the room is a low-ceiling one, you can position drapes and valances higher on the wall, thus creating an illusion of height. Also, replacing old carpets with new ones or adding wooden floors to the interiors of the home can make it look nicer than before. Freshening up the room’s look with the help of new paint will help in the enhancement of the room’s beauty to a whole new level.
Cleaning the home
Living in a clean house is a healthy way of life, therefore, no buyer would ever choose to buy a property which is not clean, even if is one of the best properties they’ve ever seen.
Before inviting buyers to view your property, you should always see to it that it has been cleaned and all the dirt and extra clutter has been removed. Avoid dust build up on a regular basis; it will help you ease down the tedious process of cleaning the home each time a potential buyer makes a visit.
Looking for more renovation ideas? Here’s five that will make your property easy to sell.Read More
Wait! Read This Before You Buy A Condo
A condo, or condominium, is a mix between an apartment and a house, and is a property that can be purchased outright. It’s an option for many people who are looking to buy their own place to live, although it suits certain lifestyles and needs better than others. A condo does offer some of the same benefits as living in an apartment, and of course, some of the same cons. You will live in close proximity with other condo owners, and you will live above or below somebody else if you live in a high rise building.
Many people love living in a condo, while others do wish that they purchased a home instead. Let’s take a look at some of the most important things you should know before you buy a condo:
You’ll Have No Garden Maintenance To Worry About
One of the biggest appeals of a condo is that you won’t have a yard to worry about. You won’t need to maintain the garden, you’ll just pay a fee to the condo association and they will take care of your maintenance needs for you.
That being said, some condos are underfunded and they don’t have the money to pay for regular maintenance, so they won’t look as nice. This is why asking a lot of questions is important. You want to make sure that the association is well run before you decide to buy any condo. If a dozen members struggle with paying dues in any given month and your community has 500 condos, you aren’t likely to feel the impact. However, if you live in a community of 10 condos and two people fall behind with their payments, that is 20% of the budget and you will likely notice the difference.
This could also be a downside to you if you envision having a garden and enjoy gardening!
Buying A Condo Is Usually Cheaper Than Buying A House
Of course, this point depends on the house that you would buy, but for the most part, a condo will be cheaper.
However, the price of the condo isn’t all you’ll have to account for. You don’t just have to think about appreciation and mortgage payments. We’ve already mentioned the association payments, and of course, they don’t do absolutely everything for you. You will still have to pay for the maintenance inside of your home. You could pay out anywhere from $100 a month to more than $1,000, depending on the location and what kind of community you live in. This will depend on whether you have things like 24-hour gated security and a first-class gym or pool or just the very basics.
Many associations are overpriced, so beware of this.
Plenty Can Go Wrong Inside Of The Condo
You could experience plumbing problems inside of the condo, or problems with the AC. The association may also ask for unexpected payments if something sudden goes wrong with the condo or area surrounding it.
Condos Can Be Harder To Sell Than Houses
In general, condos can be more difficult to sell than houses. It doesn’t matter how nice your condo is or how much space you have, it can still be very tough to sell. Plus, if some of your neighbors are selling, it can be tough to distinguish you condo from their condo.
You’ll Have A Sense Of Community
There’s nearly always a sense of community within condominiums, as you live in such close proximity with your neighbors. The only downside here being that you can’t pick your neighbors. You might not like everybody, and it’s important to remember that you will likely still see these people regardless, even if only in the elevator before going out for the day. You can look at the best Manhattan neighborhoods to buy a condo and you might love the condo, but that still doesn’t mean you’ll love your neighbors. Just bear this in mind and ensure that a condo will still suit your personality.
Ask The Right Questions Before Purchasing
Whatever the kind of property you plan on buying, ensuring you ask the right questions is a must. Here are some of the questions you’ll need to ask if you do intend on purchasing a condo:
- Are the fees worth it? – you will pay a monthly fee for routine and emergency maintenance including lawn mowing, snow plowing, painting, and roofing repairs. It may include more or less depending on the condo and the association, so you need to check this out. Most condo associations only maintain property from the walls out. That means when a bathroom pipe bursts, you still have to pay a plumber to come and fix it.
- What are the biggest complaints of living in a condo? – talk to current owners to find out what these are. If the association isn’t quick about making fixes, you want to know about it before committing to live there.
- What is the management team like? – Interview the condo manager yourself. Talk to your neighbors about the management too, so you get a good idea of what to expect before you move in. A manager that isn’t doing their job will make living there no fun at all. That being said, some condos manage themselves. That is, there are no property managers, and the residents meet to make decisions together. In cases like this, the monthly fees are much lower. Just consider whether the people you’ll be living by are the ones you want to make such important decisions with.
- Will a condo suit your lifestyle – condos can make a great home for singles or even for couples. It’s great for those who don’t spend a lot of time at home, or even those who do but want to avoid maintenance as best they can. It’s probably not for you if you want a private garden, to have space for parties, or to get super creative with a property in terms of style. A condo should suit you both now and in the future. Make sure nothing is going to change.
- Can you afford an assessment? – condo associations may assess separate fees for unexpected expenses or to fund major property improvements. These fees may be quite sudden, as mentioned earlier on. It’s important to ensure that you will be able to cover this if it does happen. It may be a few hundred dollars over the course of the year, which doesn’t sound too bad, but will it throw you off your entire budget?
- What are the roles of the association? – Some associations rules may provide owners with the same freedom as a stand-alone residence, other associations’ rules can be restrictive, or even very strange. Make sure you know what the rules are and that you’re prepared to stick to them. Some of them may be things like no dogs, no window air conditioners, no kids, no late-night laundry, or no flags or outdoor decorations. Your association could sue you if you violate the rules, and neighbors can make your life a misery even if no lawyers get involved. If you don’t like people telling you what to do like this, it’s probably best you avoid the condo life.
Hopefully, you’re now a little more clued in on whether a condo is going to suit you or not. For some, it’s the perfect housing option. For others, it’s a little more hassle than it’s worth. Make sure you weigh things up properly and you’ll come to the best conclusion.Read More
What to Consider Before Remortgaging Your Property
With mortgage rates over 4% above the national average, many Miami property owners are looking for ways to lower their costs. Miami real estate is highly sought after, meaning there could be savings to be made on remortgaging. However, this step isn’t right for everyone. There are a few things you should consider before taking the plunge and remortgaging your home. Here’s how you can be sure you are making an intelligent property investment.
Be Prepared to Switch Provider
It seems intuitively true that mortgage providers would want to reward their loyal customers. Unfortunately, this is rarely the case. One in five borrowers regret their choice of lender, so don’t feel bad if you spot a good deal elsewhere. It’s almost always worth it to search for different types and providers of property refinancing. If you’re an older property owner, follow the millennial trend of scouring the internet for the best rates.
Has Your Property’s Value Increased?
Miami’s properties increased 5.6% in value last year, meaning that this is a fantastic market for real estate investors. The lower loan-to-value mortgage you require, the more deals you’ll have access to. So if your property has increased in value substantially, remortgaging could save you money. If there has been little increase in value, you may be better off staying put. Ensure you have at least three valuations done so that you can be accurate of how much your property is worth. You can then consider remortgaging if it’s clear you will get a better overall rate.
Flexibility is as Important as Affordability
There are new types of mortgage popping up all the time, meaning there might be options now that didn’t exist when you last took out a property loan. For instance, perhaps your current lender only allows you to pay back a certain amount each month and you want to overpay. By remortgaging, you may be able to find a more flexible mortgage provider, allowing you to pay it back more quickly. Even if a loan looks more expensive on paper, its flexibility may mean it is cheaper in the long run.
Remortgaging can be a lengthy and complicated process, which is why many property owners stick with their current provider. However, if your property has increased in value, then there may be plenty of better offers out there. Do you research thoroughly and you may just find a way to cut costs and boost investment profits.Read More