Should I Sell or Rent My Home. If you are moving from your first home, you need to decide what to do with it. Many people sell their first homes, moving to a bigger one. But you can also rent it as a source of cash flow and investment. The key question to ask yourself is “Should I sell or rent my home?”. Which should you do? It depends on what makes sense for you. You need to consider why you are moving, the relative financial picture of renting versus selling and multiple other considerations. Here is my list of relevant factors to think about. Reasons for Moving The first consideration centers on whether it makes sense to hold on to your first house although you are moving.
But if you are moving for reasons that might not be permanent, a different set of considerations hold sway. Are you moving for reasons that seem permanent, but you would still like to hold on to your house? The Cost of Renting Versus Selling Finances are a huge component of the rent versus sell decision. Factor in the Cost of Moving Final Thoughts. How Grading Your Yard Can Reduce Water Damage. Maybe you are looking at a pre-existing home to purchase. You consider room flow, price, location, age and condition. Does the house check off most of your boxes? Can you see yourself living here? Does its traditional charm appeal to you?
Perhaps you are entertaining the notion of designing a home from the ground up. In either scenario, an often-overlooked issue remains vital to the safety and protection of any structure, the property slope. A Hole in the Bucket You can hang state-of-the-art gutters, put in a french drain, and purchase a sump pump with every imaginable updated feature, but if your home sits on land that slopes upward from its foundation, efficient protection against water damage can be as futile as trying to carry grains of rice in a bucket with holes in it. The key is to ensure your home, or the property you are considering purchasing, has grading that slopes away from the home’s foundation. Under Pressure Water flows downward in the direction of least resistance. 24 Hour Showing Notice Will Make Your Home Harder to Sell. 5 Ways To Boost The Chances Of Selling Your Home. You’ve decided to sell your house but you’re not content with its estimated value. Don’t worry.
Instead of going for a lower price, think about all the ways you can improve your place and thus increase the chances of selling it. This may sound like a complicated process, but it’s better to invest some money in minor improvements than to lose thousands of dollars when selling it. Let’s take a look at our list of some useful advice on this topic. Declutter your house Don’t even think of showing your home to potential buyers without removing all the clutter from it first. Not only will your house look messy and ugly if you fail to clean it, but your old furniture and other personal items can make the rooms look much smaller as well. Give your old house a modern touch If your house is older than 50 years old, you come up with ways to make it look modern since potential buyers are bound to inspect older houses much more thoroughly.
Renovate your bathroom Choose the right time to sell. Home Additions You Should Consider. The process of determining which home additions you should consider can be stressful. You are going to spend a lot of money, and you will have to put your faith most likely in strangers who will assure you everything will be completed to your total satisfaction. Whether you are putting an addition on your house or are just getting a new furnace, your life will be disrupted for a limited amount of time.
When the dust settles and the strangers who have been walking through your house are gone, you will have a home that is hopefully better than it was before you started. It is understandable to be hesitant to put additional money into your home. You cannot be certain you will not relocate in the future, and you want to recoup your investment when you sell. There is never a guarantee you will. Room Additions Adding an entire new room will add square footage to your house and will potentially increase its value, depending on location and market conditions.
Bump Out Kitchen Remodel Add a Deck. How To Protect Your Home From Pests. When outside, animals and insects are an invaluable element of the circle of life. But once they come inside our homes, they are not only a risk to our health but also a detriment to our property value. Termites alone account for $5 billion in property damage, which may not be covered by your insurance. You want to enjoy your home, and eventually get top dollar for it when you sell, and part of both those equations is to protect your home from pests, both inside and outside the property. However, this is not meant to make you run to your phone for the exterminator. Do a Thorough Home Search First off, do a thorough search of your property perimeter. Check all the vital places they could hide in such as the bedroom, kitchen, your backyard, basement, attic, roof, etc.. Clear the Outdoors The main thing about prevention is not constant scouting and checking, it is about eliminating all pest appeal.
The key is to make your property as inhospitable as possible for bugs and pests. Get Informed. The Best Home Improvement Blogs From 2017 | Advice For Home Remodeling. 10 Ways to Take Your Home's Curb Appeal to the Next Level | Long Beach California Homes and Real Estate. Step 8 - From Contract to Closing for Home Sellers. You’ve gone through all of the steps to selling your home and now you’ve reached the most important phase of the process – working with your new buyer from contract to closing. There are many details and deadlines that are a factor in this period. Let’s take a look at some of the most common elements that will come into play during a …… Documents You and the buyer have now signed off on several documents that include the Purchase Agreement, Home Inspection Addendum, Lead Based Paint (if home was built prior to 1978), Seller Disclosures, Brokerage Disclosures, and any additional addendum. Your Realtor will be responsible for giving you a copy of everything that you and the buyer have signed as well as sending all needed documents to your title company and closing agent.
Depending on what’s allowed in your state, your transaction will be closed by an attorney or through the title company. Earnest Money Deposit Contingencies Repairs Home Owner’s Association Documents Closing Date First Week. When Mother Natures Invites Herself to Your Home Sale. Share the knowledge! 222Shares Hurricane Irma or another Natural Disaster just showed up and interrupted your home sale.
Now what?! What happens when treacherous Mother Nature makes a grand entrance to your neighborhood and you just happen to be under contract on your home you’re selling? In Southeast Florida, that can be in the form of a hurricane, a tornado or a tropical storm with torrential rains and flooding. And, as so many just recently experienced with Hurricane Irma having visited our state just a few weeks back, home sale closings may be delayed.
The torrential rains with howling winds swirled around your home as you were hunkered down inside, tucked safe away from the hurricane outdoors seemingly knocking on your front door. You wondered if damage occurred to your home; the home you had put up for sale with a Buyer already contracted to buy your home. Today’s discussion is about what happens when Mother Nature’s natural disaster shows up to your home sale. Survey the Damage. 10 Simple DIY Home Maintenance Tips. Quick and Easy Home Maintenance tips that you can do yourself Owning a home is an awesome experience, but it also comes with some added responsibility to maintain this precious asset.
I’ve gathered 10 simple maintenance tips for the interior of your home. These can be done any time of year (some only need to be done once a year), and they are all items you can do yourself without the need to hire a professional. I know that the word “maintenance” never sounds like fun, but maintaining your home a little at a time is a lot easier than needing to repair or fully replace items such as hardwood or tile. Who wants to spend all that money? 10 Simple DIY Maintenance tips for your home 1. These days everybody wants hardwood floors. Here are some quick tips.
And, this comes as is a surprise to most, but you should be using a DIFFERENT vacuum for your hardwood floors than for carpet. 2. Grout is made of sand, so it absorbs water, dirt and bacteria. Sealing your grout is an easy DIY job. 3. 4. 5. FSBO | Save the commission | Pros and Cons of For Sale by Owner. There are many things to consider when selling your own home (FSBO). Before you decide to take on this endeavor get educated in the process. Know the people who will be involved in this transaction, be aware of the current market, understand legal ramifications and identify your marketing plan.
Here are steps to consider if you decide to sell your home with out the aid of a Real Estate Agent: Get an education of the current market The real estate market is in constant flux. Know if you are in a buyer’s market or a seller’s market. Stage and price your home to sell! When pricing your home we all as homeowners think our homes are worth more than they really are. Hiring a professional home staging expert will go a long way to ensure a quick sale, get you the best possible price and outshine your competition. Set Aside A Marketing Budget So you have done your homework and your home is ready to be sold.
Today’s buyer’s start their home search on the internet. Know the Laws! Be Available! Save. Step 3 - Hire a Realtor. Welcome to Step 3 of the 9 Step Series on Selling Your Home. The rest of the series will be finished in the next few days. So you’ve made the decision to sell and your home has been thoroughly prepared to go on the market. Now what? This is the time (of course) to find yourself a great Realtor to work with. You may be even asking yourself, “Do I have to use a Realtor to sell my home?”. Well, the answer is technically no but why would you want to do that? Really the only rational reason that I can come up with is to save money by not having to pay a commission. We’ve all heard of selling your home For Sale By Owner or FSBO but there are reasons why nearly 90% of the homes in this country are sold by a Realtor.
Solid Advice for Making Your Home the Center of Attention In Step 2 of the series on Selling Your Home, you read about preparing your home. You get the added benefit of our experience. A Quality Realtor Will Price Your Home Correctly Marketing Exposure Buyer Pool Bottom Line. Step 2 - Prepare Your Home to Sell. Welcome to Step 2 of the 9 step series on Selling Your Home. Please check back soon. The rest of the series will be uploaded over the next few days.
So you’ve made the decision to sell and now you’re ready to put a sign in the yard. Wait, not yet! I realize that the word clutter sounds a little negative because we all have our own tastes and clutter to one person may not fall into the same category for others. Whatever you call it, decluttering is a necessity when preparing your home to sell. I’ve always said that when you get ready to sell, it’s a great time to have a yard sell (or 2 or 3). Items to put away, pack up, or sell Thoughts on Closets, the Garage, and the Outside Storage space is increasingly important to home buyers so decluttering can’t stop with the kitchen, bedrooms, and the living room. For many homes, the garage is not used for parking (imagine that) and is oftentimes the most cluttered space in the house. Benefits of Decluttering The beauty of decluttering is this. Selling Your Home To Millennials - Lakeland Real Estate.
Who’s buying the most homes in today’s real estate market? You might be surprised to know it’s millennials! Once holding out on buying a home because of the recession they went through in their early adulthood millennials have now found new confidence in the market. They are starting families of their own and are ready to make the leap into homeownership.
So what do you need to know about the millennial homebuyer in order to sell your home? Understanding The Millennial’s Financial Past The millennial generation were told “go to college and you’ll get a great job” but what happened was not always the case. Selling Your Home to Millennials – What Are Millennial Buyers Looking For? As a result millennials got married and had kids later than previous generations. Millennials Care About The Community They are a group of folks that cares deeply about the community you live in. Millennials Love Technology Today 83% of households have at least one computer. Millennials Are The TV Generation. Flooding Issues Homeowners Should Be Aware Of. One of the worst home related nightmares for many homeowners is having their home flood. And given recent events such as Hurricanes Harvey and Maria, flooding issues are fast becoming a possibility that many more of us have had to start planning for.
We all know how devastating a flood can be. We have seen it on the news, witnessed it within our cities, and some of us have even experienced it in our own homes. It can destroy everything in its path and leave lasting scars on the building itself as well as everything around it, including insurance policies, mortgage rates and our own quality of life. Even if a flood has not entirely filled your house, residual flood damage of any sort can cause complications that need to be handled as soon as possible, thus preventing further serious issues.
Foundation Damage In states like Texas, flooding has caused significant damage over the last two years as rainfall has increased by an unprecedented ratio. Signs of Foundation Damage Mold Damage.