Climbing The Property Ladder: How To Add Value To Your Current Home

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If you are a homeowner looking to further climb the property ladder, then you will want to increase the value of your current property. While there is always a good chance that the market will act in your favor and help you along on your way, you might find that this is not always the case. And without your intervention, your home may end up in negative equity. This may be because of the way that the market was when you bought it, or when you come to sell it. 

 

There are things that you can do to increase the potential selling price of your home, and if you want to maximize your potential for moving to somewhere bigger and better, you will need to do some work. 

 

Set Your Budget

 

First things first, you will need to know how much you can spend. You may have some savings, or you might want to take out a home improvement loan. If you are doing the latter, make sure that you can afford to repay it alongside your current mortgage, and your new one if you move in the near future. 

 

Once you know how much you can spend, you can think about the work that you may want to carry out. You will need to only spend money on areas that you will see the maximum return on your investment. With this in mind, you need to do some research into the state of the housing market. Compare property prices in your neighborhood and try to find examples of homes that have had the improvements that you are considering. 

 

Do It Yourself Or Hiring In Contractors?

 

One of the biggest dilemmas is whether you should do the work yourself. If you are someone who has plenty of skills and experience in maintenance and DIY, then you may well save quite a bit of money. If you haven’t got much experience, do yourself a favor and find a contractor who can do the job for you. Often, when jobs go wrong, you will need a contractor to fix your mistakes and it can cost you more in the long run. 

 

Look For Easy Solutions

 

Think about ways that you can create big changes to your home for the minimum effort. You may want to fit Nichiha panels to your exterior walls in order to give the property some real strong curb appeal. 

 

Giving the whole property a coat of paint inside and out will make everything aesthetically pleasing, and if you use white, then it will create a sense of space. 

 

Go For The Big Wins

 

One of the best ways of adding value to your home is by creating additional living space. You can do this by converting your attic, basement, or adjoining garage into a room that can be used as a bedroom, or dining room.

 

Make sure you check with your local authorities before you make any major changes to the structure of your property, as you may need planning permission beforehand.

5 Facts That You Should Know About Real Estate

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Moving into a new house is considered one of the most stressful things a person can go through, but selling a house is no party either. So, if you’re thinking of selling yours, then here are five facts that you should know about the real estate business.

 

1. A Seller’s Market Doesn’t Mean You Can Get What You Want

 

In many parts of the country, it’s a great time to sell your property, but you should try and keep your feet on the ground. Just because it’s a seller’s market doesn’t mean people will buy no matter what. The fact of the matter is that any house is only worth what someone else is prepared to pay for it, not what you think it is worth. Let your realtor be your guide when it comes to the value of your house, and get several estimates.

 

2. No One Expects Your Home to Be a Show Home

 

Most people are not that interested in seeing houses that look like show houses. When people are looking for a home, that’s exactly what they want to see, a home – somewhere they can imagine themselves living. Of course, it’s vital to ensure your home is clean and presentable as no-one wants to imagine themselves living in a pigsty, but it really doesn’t have to be stripped of all your belongings and styled as though it’s going to appear in a glossy magazine, to appeal to a buyer. Some things will definitely put buyers off though. If you have pets, you need to make sure that there are no smells of damp animals wafting around the house. Talking of smells, remember the classic sales techniques of baking some cookies. That’s the kind of home-smell that sells houses.

 

3. First Impressions Really Do Count But Not Where You Might Think

 

First impressions count, whether it’s meeting new people, starting a new job, or buying a new home. However, too many people concentrate on the inside of the house, forgetting that it’s actually the outside that people see first. If you have a garden or a front yard, make sure that it looks nice and tidy. And if you have a fence, a lick of paint can work wonders for your home’s curb appeal.

 

4. Look At Your Home’s Decor as An Outsider Would

 

Have a real look at the inside of your house. Try and look at it with the eyes of a potential buyer. If each room blends into the next, then you’re looking good. However, if each room is garishly painted, or you have allowed the kids to be ‘creative’, then a fresh coat of neutrally-toned paint may well be the way to go.

 

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5. Choose Your Next Home Wisely

 

Finally, if you’re selling your home, you are no doubt looking to buy as well. If you’re thinking of your next home as an investment, you should be looking at the best areas of town. As this will be where the most expensive houses are, try to think where the up-and-coming areas will be in five or ten years’ time. Your realtor will be able to advise you on this as well. And if you can find a fixer-upper, this is where you will get the most bang for your buck.

 

Selling a home does come with its stresses and there are certainly lots of forces that are out of your control. However, with enough planning and a bit of careful preparation, the process can be made to run a whole lot more smoothly.

Planning On Moving Home? Take Care of These Issues First

If you have been thinking about making a move and relocating with a family, you will have a lot of things to consider before you can settle down and enjoy your new home. While most people spend months to find the right property and location, they often forget about the important steps they have to take to make the change as smooth as possible. Read about them more below.

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Your Finances

Before you apply for a mortgage or explore the opportunity of getting a new deal on the home, it is important that you have your finances in order. If you have credit cards and loans all over the place, you are not likely to get the deal you want. You might want to consolidate your finances well before you apply for a mortgage. You can learn more about the different options that are designed to help you improve your credit rating.

School and Work Commute

In case you have kids, you will need to make sure that they are on board with the move, or you will have to face daily tantrums. Check how long it will take you to get to work and give the kids a ride. If you happen to move them to a new school, ensure that you have a meeting set up with the principal, so they are less anxious about a new start.

Your Decoration and Moving Budget

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No matter how much you fell in love with the property, there will be things to do. You will either need to improve the comfort of the house or decorate it to your taste. If you don’t create a budget for moving and refurbishment, you are likely to end up with a home that is less than perfect until you can save up enough to tackle the issues.

Internet and Utilities

Once you have your mortgage deal approved and are planning on getting a moving date, you will have to get ready for the big move. You have to ensure that the previous owners have paid all the bills, and their name is off the bills. Next, you can start comparing different electricity, gas, and internet, cable TV deals, so by the time you are moving in, everything is in place. There are some companies that will help you with this transition and make your relocation smoother.

Your Will and Legal Matters

Moving house can trigger a legal review, too. If you have a will, you will need to get it changed, as well as your mortgage protection and life insurance. You don’t want your loved ones to end up in a legal battle should anything happen to you. Ensure that the mortgage gets paid off and they are left with a comfortable income. You will also have to change the address on all your financial accounts to avoid fraud.

 

Moving house takes more than packing boxes and taking all your things to a new home. There are several things you can do to make your new life easier.

Sell Your House Fast In 3 Simple Steps

When we come to list our homes on the open market, we might assume that they will fly. Your open house day should be jam-packed, potential buyers should be entering into a bidding war to pick up your piece of prime real estate, and you should be batting them away left, right and center. However, more often than not this simply doesn’t happen. Why? Because we think of our humble abodes in a highly subjective way. We have adored the pink flamingo wallpaper and bright teal hallway for a decade so why wouldn’t anybody else? Instead, you need to sell your home by imagining yourself as a buyer. Take a look at how you can sell your house fast by following these three simple steps.

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Get The Best People On Board

 

Hundreds of real estate agents will be vying for your business. While you might be tempted to go for the guy or company who takes the least commission, this can be a false economy. Sure, he won’t take as much cash out of your sales price, but if your home is on the market for an extra six months, this means extra home loan repayments which negate the very reason why you chose the guy.

 

Opt for a professional outfit that has a solid reputation in your area. Companies like William Pitt have a varied portfolio of properties, and the chances are yours could fit right in. As well as a real estate agent, you need the services of a top quality property lawyer to navigate the legalities of selling your home.

 

Decorate

 

While it may seem counterintuitive to decorate your home as you are planning to wave goodbye to it, a quick lick of white or magnolia paint to cover up the highly personalized purples and yellows can work wonders. Instead of a colorful abode, your buyers will be greeted by a sleek and modern pad ready for them to make their own mark on.

 

Dress your home appropriately with decent furnishings. If your money won’t stretch to purchasing a new sofa for the living room, hire one. Dressing your home will help seduce your buyers with a lifestyle. At the same time, you need to show off the space and airiness of your pad. Don’t leave untold amounts of clutter adorning every orifice of your rooms. This gives the impression that your home is poky and that they would outgrow it. Never say you are leaving because you need a bigger place. It always rings alarm bells in a buyer.

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Curb Appeal

 

For a few hundred dollars you can revolutionize the facade of your home. Clean the windows, paint the front door, off the lawn and weed the driveway. Put out a few colorful pots of foliage and create a welcoming atmosphere for your viewers. The chances are they will make their mind up about your home as they walk up to your drive.

 

Forget seeing your home languishing on the market and follow this guide to see your home sell fast.

 

The Internet Of Things And How It Can Help You Sell Your House

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If you were to think about the defining features of the zeitgeist, what would you say? The financial crash of 2008 was a massive event, and its effects are still being felt. The developments in politics around the world are also playing a large part in shaping society today. However, in the last twenty years or so, it could be argued that the single biggest change is the digital revolution. The internet was invented in the early nineties by a British scientist called Tim Berners-Lee who just wanted to make it easier to access documents wherever he was in the CERN complex in Switzerland. It now connects an estimated 3.7 billion people, or about 49.6% of the world’s population. Its impact can be seen in lots of different parts of life. For instance, the Arab Spring of 2010 was in large part facilitated and enabled by access to the internet, and social media sites in particular. On the other hand, Facebook is now cited in one-third of the divorces filed in the United States of America. The internet, like every other tool, is effective relative to the ways in which it is used.

 

If you are trying to sell your house at the moment, you may want to check up on the infrastructure of your property’s internet connection. 73% of households in the US have a broadband connection, so if your house does not, or it is slow, you should think about investing some money in improving it. The nature of real estate is such that you have to be able to appeal to the prospective buyers. That may mean having all the fundamentals in place that they expect from every property, but it also means setting yourself apart and proving that your property is the perfect one. One way to do this in the modern era is by embracing the ‘internet of things.’

 

This means getting tech that allows you to communicate with your house more effectively. A lot of the cool gadgets that you can get around the house are still reasonably new to the market and therefore sometimes quite expensive, but they can make your life so much easier. For instance, both Amazon and Google have launched products that respond to your voice and let you control your ‘smart home’. This may mean being able to dim the lights just by saying that you want them dimmed, or putting on a load of washing while you are still on your commute home from work. One innovation that is particularly good if you are trying to appeal to prospective buyers is the smart technology that allows you to protect your property. For example, you can now get security cameras that will stream a 24-hour high definition video to your phone or tablet. You can also get motion sensors for your doors and windows which will notify you on your smartphone as soon as it detects something that should not be there. Sometimes it is just going to be a cat, but if it is a cat burglar, that extra bit of time could be the difference between losing your stuff and keeping it. These sorts of measures will appeal to buyers and may help you sell your house quicker for a greater price.