Tina McManus' Blog
As a home seller, it is crucial to do everything possible to get your residence "buyer-ready." In fact, if your house dazzles a buyer, you may be better equipped than ever before to optimize your home sale earnings.
Ultimately, it can be quick and easy to get a house buyer-ready – here are three tips to help you prepare your residence for prospective buyers:
1. Bolster Your House's Curb Appeal
When a potential buyer goes past your home, you'll want your residence to make a great first impression. And if your residence has outstanding curb appeal, a prospective buyer may choose to set up a property showing right away.
To improve your house's curb appeal, you should mow the front lawn, trim the hedges and do whatever it takes to make your residence attractive to potential buyers. Of course, if you need extra help to bolster your home's curb appeal, you may want to employ professional contractors as well.
2. Remove Clutter
Antiques, paintings and other décor may help you transform your house into a home. However, these items may do more harm than good when you try to show your residence to prospective buyers. And in some instances, various personal belongings may make it tough for you to show off the true size and beauty of your residence.
It generally is a good idea to remove as much clutter as you can from your residence. Remember, your goal as a home seller is to make it simple for a buyer to envision what life may be like if he or she purchases your house. If you eliminate clutter from your residence, a buyer should have no trouble imagining what life may be like as the owner of your home.
3. Clean Each Room of Your Home
A neat, tidy home is sure to impress prospective buyers. Thus, if you allocate time and resources to clean each room of your house, you could boost the likelihood of a fast, profitable home sale.
Oftentimes, it helps to hire a professional home cleaning company. With this company at your disposal, you can get the help you need to improve the appearance of each room of your home.
As you get ready to add your house to the real estate market, you also may want to hire a real estate agent. This housing market professional is happy to help you get your house buyer-ready, as well as prepare for each stage of the property selling cycle.
A real estate agent will offer expert guidance throughout the home selling journey. He or she will provide recommendations and tips to help you showcase your residence to the right groups of prospective buyers. In addition, if you ever have concerns or questions during the home selling journey, a real estate agent is ready to address them.
Get your house buyer-ready – use the aforementioned tips, and you can improve your home's appearance and increase your chances of enjoying a seamless property selling experience.
For those who want to buy a house, it helps to consider your options closely. That way, you can make an informed home purchase.
Now, let's take a look at three factors to consider as you prepare to conduct a home search:
1. The Local Housing Market
Assess the local housing market before you dive headfirst into a home search – you will be glad you did. If you analyze the housing market in towns and cities where you want to live, you can determine if a buyer's or seller's market is in place. Then, you can map out your homebuying journey accordingly.
To differentiate a buyer's market from a seller's market, you should find out how long recently sold houses were available before they were purchased. You also may want to track houses as soon as they become available and see how long it takes them to sell. If residences linger on the housing market for many weeks or months, the real estate sector likely favors buyers. Or, if houses are purchased shortly after they become available, the real estate sector may favor sellers.
2. Your Home Must-Haves
Think about the features you want to find in your dream house. This will help you hone your house search to residences that match your expectations.
Oftentimes, it helps to enter the housing market with a list of home must-haves. This list can be updated throughout your house search and may help you simplify your quest to find your dream residence.
As you craft a list of home must-haves, be sure to include any house amenities you simply cannot live without. For instance, if you require a home that boasts a state-of-the-art air-conditioning system, you can search for a residence that offers this amenity. On the other hand, if you need a home that is located just minutes from your office in the city, you can search for a house in or near the city itself.
3. Your Homebuying Budget
You may have only a finite amount of money to spend on a house. If you get pre-approved for a mortgage, you will know precisely how much money is at your disposal. You then can search for a house that corresponds to your budget.
To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you about your home financing options and help you select a mortgage that suits you perfectly.
Lastly, as you get set to embark on a house search, you may want to hire a real estate agent. This housing market professional can offer expert insights into the homebuying journey. Plus, he or she is ready to respond to your homebuying concerns, at any time.
If you want to streamline the process of finding and buying a wonderful residence, it helps to plan ahead for the homebuying journey. Thanks to the aforementioned tips, you can review your options and boost the likelihood of enjoying a successful homebuying experience.
First things first, if you are just in love with modern bathroom or kitchen features, they are worth it for you. It's always worth it to create a space that you love. Now, if you want that new kitchen or bathroom to add value to your property, increase its marketability or its future resale value, its time for the research because not all upgrades are made equal and there may be a better way to spend that renovation money.
Upgrades that Add Value
The most straightforward way to increase the value of your home is to add usable square footage. That means more living space to use. You can add this space by finishing out a basement or attic, and by adding another bedroom or bathroom to the home. Extra space goes a long way to increase your properties market value. As many buyers consider homes by bedroom and bathroom count, adding just one more can change the category in which your home resides. A three-bedroom, three-bathroom house sounds larger and sells for more than that same home when it was just three-bedroom, two-bathroom house.
You can also increase your home's value with small upgrades. You can get the best bang for your buck with—you'll never guess—a new front door. Nearly 100% of the cost of the door adds to your home's value. Now, that won't work with just any front door, talk to your contractor or real estate agent about the best style for your property. You need a door that will enhance your entryway and not look like an afterthought to get that instant dash of curb appeal.
You can also get substantial value from minor repair upgrades such as new windows or replacing discolored vinyl siding. These minor upgrades work like a new paint job and can increase the value of the home and the curb appeal at a much lower cost than a full kitchen or bath remodel.
Still, want that kitchen upgrade? Minor kitchen upgrades can have high returns of their own. You don't have to completely gut the entire thing; just new cabinet doors and fixtures make a huge difference. You can finalize it with classy new appliances and get yourself an 80% return on your new kitchen investment.
Upgrades That Aren’t Worth It
Pay attention to the cost of your remodel compared to the overall value of your home. Spending 50% or more of your equity on your kitchen remodel just isn't going to work well. A $100,000 remodel on a $250,000 property won't add nearly that in additional value to your home. So, if you want to sell your property for $350,000 instead, this isn't the plan for you. Nothing says you can't get plenty of enjoyment out of the kitchen upgrade, just don't plan on selling it for as much as you paid and focus on getting the kitchen you really want.
Similarly, while a pool sounds like a fabulous investment, they are usually much more expensive than they are worth and only really increase home value in specific locations, mostly those without colder winter weather. If your area has even a bit of winter, the pool will take a lot of extra care and can actually decrease the interest in your property.
Talk to your real estate professional about the best upgrades to increase your property’s value in the current market.
When considering becoming a homeowner, one of the decisions you can make that will be beneficial to you is to deposit a down payment. However, the question is how do save up that hefty down payment?
One of the biggest roadblocks for prospective home buyers is securing a down payment. Fortunately, though, technology seems to be playing a huge factor in shrinking the burden of down payment. The whole saving process has become quite a bit less rigorous.
Below is a list of how you can overcome the down payment hurdle and ensure you have enough money when it’s time for you to buy.
Save A Fixed Amount Every Month
Saving a fixed amount is the simplest and most convenient way to save money. Open a savings account and discipline yourself to pay in a certain sum into the account every month. Discipline yourself not to use the money for any other purpose aside for your down payment.
Save a lot more than you spend, review your expenses and cut down on items that are not necessary. Whatever money generated as a result of this should be added to your down payment account.
Skip Vacations for A Year
I know going for a vacation during the year is something you are looking forward to and you have it all planned out. However, if you are looking to save up enough money for your down payment, then you should consider scrapping out vacation until you have enough money for your down payment.
Reduce Your Debt
Having a credit card with a high interest rate can limit your ability to save. Pay off your interest debt starting with the highest; after that, you can close off that card while you proceed to pay off the next.
Borrow from Your Retirement Plan
You can ask human resources or your payroll officer if it’s possible to borrow against your savings to buy a home. Many profit sharing setups make provisions for employees to loan a certain amount from their retirement plan to become a homeowner.
Borrow from A Relative
When it comes to getting a home of your own, most family members and relatives would be willing to help; they can grant you loans without interest, gifts and other non-monetary items that will help you in your down payment quest.
Get Another Source of Income
Getting a second job would mean you would probably be working round the clock, but in the long run, it would pay off. Getting another job means another source of income and more money to save into your down payment accounting.
You always want to be safe in your new home, but bringing home a new baby brings your safety protocol to a whole new level. In the first few months of life, the baby won’t be getting into too much trouble. By the time the baby can crawl, however, it’s a whole different story. This is why you want your home prepared before the baby even gets there. You should keep your home free of hazards. No more boxes in the way on the floor. The glass coffee table may need to be put away for a time. The nature of your home will certainly change once your little bundle of joy arrives. Below, you’ll find some of the most basic baby safety measures that you can take around your home in order to bring it from normal home to “baby proof.”
You’ll want to look at your home from the level of a child. Anything that you feel he or she could get into when you’re on the floor on your hands and knees is fair game.
Lock Drawers And Cabinets
Both drawers and cabinets should be locked in the bathroom, kitchen, even in your office. You never know what a baby can get himself into! This is especially important for drawers and cabinets that have sharp objects like knives, scissors, or tools. Any cabinets that have chemicals, heavy pans, or anything else you don’t want a child getting into should have a lock on them. Locks for cabinets are available in both the interior style or exterior style safety lock. Both types of locks can be easily installed in cabinets and drawers in order to prevent children from opening them, yet giving the adults in the house continued access to the things that they need.
These small plastic fittings come in a variety of types and styles. Some insert into the outlets themselves while others cover the entire outlet plate. Some snap onto the outlet while others open like a door. You’ll want to choose a type of outlet cover that will work best for your needs. You don’t want an inconvenience when you do use the plug and you also don’t want a lot of small plastic pieces hanging around the home to be just another hazard to your child.
Gates are one of the most valuable safety items that parents can install for their kids. Gates can be installed in doorways where the child shouldn’t have immediate access. These safety measures are also important at the bottom and top of each stairway in the home. Baby gates come in all shapes and styles, so you’ll want to decide what works best for your needs in the home. Some gates are mountable while others are detachable and portable from room to room. Some gates even have extension pieces that are available to be installed along with them to fit rooms of all sizes.
Bumpers get their name because they prevent exactly what the name states-bumping! You’ll want to put these bumpers and corner guards to cover any rough or sharp edges around your home. Consider covering the following areas of your home:
- Coffee tables
- Wood stoves
Anything with a sharp corner or edge needs to be covered to prevent your child from injury.
Baby Proofing can be a difficult task, but with the right tools, you’ll be able to protect your precious little one from harm around your other big investment- your home.