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Are you thinking of Homeownership? It can change a lot of things; mostly for the good (from my humble Realtor opinion). In addition to experiencing conveniences like direct access garages and not having to worry about who is walking overhead to experiencing a sense of security and peace of mind once the mortgage is in your own name. My favorite part is the fun in re-imagining, re-designing and re-doing at least a few dozen things!

Want to know just how becoming a homeowner can change your life?

1. Financial Security

“The largest measurable financial benefit to homeownership is price appreciation,” said Investopedia. “Price appreciation helps build home equity.” Added Real Estate ABC: “The principle you pay on the mortgage is like putting money in the bank, in the form of equity.”

2. Peace of mind

No more worrying about every time your lease comes up for renewal and what will happen. Those days are over! Unless you refinance or take cash out once you have enough equity, your house payment is your house payment.

3. Pride of ownership

The feeling you get when you come home to your place – the place you saved for and the place that represents a lifelong dream – well, there’s just no substitute.

4. Stake in your neighborhood

Pride of ownership extends to the homes and area around your house as well. Whether or not you move to a neighborhood with a homeowner’s association, buying a house will undoubtedly make you more invested in what’s going on around you. And that can mean increased property values if neighbors band together for common improvements.

 

 

 

 

 

 

 

 

 

5. Increased interest in HGTV. And DIY channel. And weekends at Home Depot.

Don’t be surprised if you start quoting Drew and Jonathan Scott or using terms like “mitered corners” and “refaced cabinets.” Which is good news, because the changes you make to your home won’t just mean greater enjoyment while you live there, but also potentially greater profit when you go to sell.

“Home ownership means you have free rein in the aesthetics of the home. When renting, you do not have the advantage of changing your environment to please you,” said Real Estate ABC. “You may be able to paint a room, but need to repaint back to the original color scheme when you move. Owning your own home means you can do whatever you please to make your environment both personalized and, in the process, add value to the home.”

6. Your honey do list may increase

But so will your satisfaction.

7. Tax breaks

“The second largest financial benefit of owning a home is tax savings,” said Investopedia. “The biggest of these is the ability to deduct the annual interest paid on a mortgage from income. Private mortgage insurance may also be a write off, on addition to fees paid at closing. If you have paid points, either discount or origination, you can deduct these as well.”

8. Expert knowledge of interest rates, neighborhood home prices, and area sales trends

When you’re in the process of buying and after you close escrow, you’re more likely to be tuned into what’s going on in the market and in your neighborhood. This can help you to make smart decisions about updates, upgrades, and refinancing, and can also make you a trusted resource among your friends who want to buy.

9. More financial responsibility in other parts of your life

With a home to take care of, you may be more clued in to other long-term investments and less willing to spend frivolously.

If you are ready to start experiencing the Joys of Home Ownership, please give me a call at 972.814.3612!

 

Your home is listed on the Multiple Listing Service (MLS) and the sign goes up in your front yard. Now what? Sit back and let the offers roll in. Of course, that’s what every seller wants but that’s not always what happens.

So, let’s rewind a bit and see what can be done to make buyers want your home. The steps you take before you actually put your home on the market can help to ensure interest in your home.

Start by creating a “buy-me-now” attitude. How’s that done?

Several ways. Take a good look at your home and decide which, if any repairs, need to be made. Are you selling “as is” or do you want to put a little money into your home and fix some surface problems that could potentially distract or concern buyers?

Next, clear away clutter. If you don’t have any place other than your home to put your boxes and extra furniture that you’re taking with you on the move, try storing them in the garage or on the side of the house. If you do this be sure that you don’t stack your boxes so high that you block views to the outside.

When you block a view, buyers may think you’re hiding something bad about the property or they may have a very closed-in feeling when they enter that particular room. Buyers do understand that you’re moving and things may be a little out of order, but try to keep that to only one room or half of the garage. You want to make sure that buyers can see your entire home. Limiting them from viewing one or several rooms may discourage them. Tidy up and keep things packed away.

Always keep in mind that more room and more storage space are two things buyers really like. Create a feeling of openness and spaciousness by trading out, or removing entirely, bulky pieces of furniture that suck up square footage in a room. Instead find another piece of furniture that can fit into the room… maybe something from another area of your home. Even if it’s not an ideal placement for you, do it anyway.  ,  , erotik film izle , gaziantep rus escort

Remember, the idea is to show your home in its best light. More space is a huge plus. Another way to make a room look larger is to use mirrors. Strategically hanging a mirror on a wall can help open up the room.

Your agent may elect to hold an open house and prior to that list your home on the MLS but not allow any showings until the weekend of the very first open house. This can be an excellent strategy because you may end up with lots of buyers passing through for that first open house since they couldn’t see your home sooner. You can then allow showings by appointment for a period of time. This strategy can generate a lot of interest and even start a bidding war. May the highest and best offer win.

Do your work and clean up before you open the doors to buyers. You don’t always get another chance, so make buyers want your home by showing them that you’ve loved and cared for your home and now you’d like to see it go to buyers who will enjoy it like you did.