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Open houses have been a staple for home listings for decades. Often these are attended by people just driving by on a weekend day or neighbors curious about pricing and upgrades, but they can also be a strategic aspect of searching for a new home. Often overlooked, potential home buyers can use public open houses to explore communities and homes and by following a few tips, find a great new home. Open House Tips for Buyers ​· Research Online First – Most open houses are advertised on public website search sites. Review options and pictures ahead of time.· Limit Your Options – Don’t overload by trying to see too many homes in a day. It’s hard to remember details if you see more than 4-5 homes.· Make a Good Impression – Take the tours seriously. Be organized, dress appropriately, and be knowledgeable about the property.· Questions – Come with questions about the home. Ask about the community, schools, upgrades, repairs, and why the home is being sold.· Ask for Information and Disclosures – Ask to see current property tax and association fee information. Ask to review the disclosure documents while you’re there.· Perform a Visual Inspection – Take pictures and note any obvious signs of deferred maintenance or repair issues. Look at the roof, walls, drainage, windows, doors, and garage for signs of damage or water intrusion. Finally, remember that the listing agent is first and foremost responsible to the seller. Avoid providing any information that could be used in a negotiation. Strongly consider using a dedicated buyer’s agent if you decide to make an offer so that your interests are protected. The listing agent may offer discounts, but having a fiduciary on your side could save you a lot more money in the long run.

Open House Tips for Potential Homebuyers

Are you ready to buy your first home but the price of single-family homes istoo high to manage? A single-family home is not only more expensive butcould lead to thousands of dollars in repairs and upkeep after the purchase.With higher interest rates putting barriers to borrowing, a condo might be agreat alternative for those ready to buy their first home. Buying a condo offers a great deal of benefits for first-time home buyers.The most important aspect is that it allows you to enter the homeownershipstream. It’s an asset that builds equity from the very beginning. Rather thanwasting money on rent, buying a condo increases your net worth and putsyou in a great position to move to a single-family home later Condos are usually less maintenance than single-family homes. Condosare great if you don’t want to mow the lawn, shovel snow, fix the roof, orclean the pool. Amenities such as parks, recreation facilities, dog parks,sports courts, and more are often included in the monthly association fee. Condo living creates a sense of community. People with or without childrenmay enjoy living close to neighbors and the close-knit community feel. Thisoften encourages fun events like barbeques or block parties that buildconnections. If single-family homes are unaffordable or undesirable, thenconsider a condo for your first home.

Why a Condo Could Be Your Best First Home

Selling a home in a flood zone can be a complex process, but with the right approach, you can navigate the challenges effectively. Whether you're moving for personal reasons or looking to capitalize on a new opportunity, understanding the unique aspects of flood zone properties can help you make informed decisions. 1. Understand Flood Zone DesignationsFamiliarize yourself with the flood zone designation of your property. The Federal Emergency Management Agency (FEMA) categorizes flood zones, and each designation comes with different levels of risk. Knowing whether your home is in a high-risk area (like a Special Flood Hazard Area) or allow risk zone can impact your selling strategy. 2. Disclose Information HonestlyTransparency is crucial when selling a flood zone home. Most states require sellers to disclose any history of flooding or water damage. Being upfront about these issues can build trust with potential buyers. Consider highlighting any improvements made to mitigate flood risks, such as elevating the home or installing a sump pump. 3. Emphasize Mitigation MeasuresShowcasing flood mitigation measures can make your property more appealing. Discuss any flood-proofing improvements, such as new drainage systems, flood vents, or landscaping designed to direct waterway from the home. These enhancements not only demonstrate your commitment to protecting the property but can also reassure buyers about their potential investment. 4. Work with Experienced ProfessionalsEngage with real estate professionals who have experience in flood zone properties. A knowledgeable agent can help you navigate the market, set a competitive price, and develop effective marketing strategies. They can also connect you with local experts, such as flood insurance agents, to address buyers' concerns. 5. Educate Potential BuyersEducate potential buyers about living in a flood zone. Provide information on flood insurance options and local flood response plans. Highlight the community's preparedness and any recent improvements made by local authorities to enhance flood resilience. This information can alleviate concerns and help buyers feel more confident in their decision. 6. Consider Timing and MarketingThe timing of your sale can impact your success. Typically, homes sell faster during peak real estate seasons, so plan your listing accordingly. When marketing your home, focus on the positives: the unique features of the property, the neighborhood amenities, and the lifestyle benefits of living in the area. ConclusionSelling a home in a flood zone requires careful consideration and a proactive approach. By being transparent, highlighting mitigation measures, and educating potential buyers, you can turn potential challenges into selling points. With the right strategy and support, you can successfully navigate the process and achieve your selling goals.

How To Sell A Home In A Flood Zone

You know the saying, “what’s old is new again.” Never is this truer than in home décor. This is one of the reasons that top interior designers tell their clients to decorate to their taste and create spaces that are personal and not beholden to the latest big-box trend. As we head into fall and winter, the hottest design trends are taking a page straight out of the past. Here are the top ideas for you to incorporate in to your home. 1. The Color Brown – Rich, dark earthy brown is showing up everywhere from chocolate walls to dark leather furniture. Add dark wood paneling to create a cozy feel. 2. Textured Walls – More subtle than the harsh Venetian-style texture, modern textured walls create depth and warmth. Try textured wallpaper fora less committed look. 3. 4x4 Tiles – Far from old-fashioned white square tiles, new designs include tiles with texture, color, and tone. 4. Dark Hardwood Floors – Modern trends are moving away from the pale, cold, gray-toned tiles and stone and using deep dark woods again. 5. Floral Prints – Mix and match floral print fabrics are back. Choose from one or two throw pillows or go all out in a floral bedroom. Remember, your home should reflect your personality and lifestyle. Trends come and go, so embrace only the ones you like. As this list illustrates, eventually, everything comes back in style.

Cool Design Trends Making a Comeback

When it comes to buying a home, one of the most significant hurdles many first-time buyers face is the down payment. However, a down payment gift can alleviate some of that burden. Understanding what a down payment gift is and who can provide one can make the home-buying process more accessible. What is a Down Payment Gift? A down payment gift is a sum of money given to a homebuyer to help cover the down payment on a property. This financial assistance can come from various sources, and it does not need to be repaid. Typically, downpayment gifts are used by first-time homebuyers or those who may not have enough savings to cover the upfront costs of purchasing a home. Key Features of Down Payment Gifts 1. No Repayment Required: Unlike loans, down payment gifts do not have to be paid back. This can significantly ease the financial strain on buyers.2. Documentation Required: Lenders often require documentation to confirm that the funds are indeed a gift, not a loan. This can include a gift letter from the donor stating the relationship to the buyer and confirming that the funds are a gift.3. Source of Funds: Many lenders may also ask for proof of where the gift funds are coming from to ensure they are legal and legitimate. Who Can Give a Down Payment Gift? Several individuals or entities can usually provide down payment gifts,depending on the lender requirements and terms. Here are some commonsources: 1. Family MembersFamily members are the most common source of down payment gifts. Parents, grandparents, siblings, and other relatives can provide financial assistance to help their loved ones achieve homeownership. 2. Close FriendsIn some cases, close friends may also contribute to a buyer's downpayment. However, this is less common and may require additional documentation to clarify the nature of the gift. 3. EmployersSome companies offer down payment assistance programs as part of their employee benefits. Employers may provide gifts or grants to help employees with their home purchase. 4. Non-Profit OrganizationsCertain non-profit organizations are dedicated to helping individuals and families achieve homeownership. They may offer down payment gifts, grants, or assistance programs tailored for specific communities or demographics. 5. Government ProgramsVarious government programs exist to assist first-time homebuyers, including down payment assistance in the form of gifts. These programs can vary by state or locality, so it’s essential to research what's available inyour area. Benefits of Down Payment Gifts 1. Increased Buying Power: With a down payment gift, buyers can increase their purchasing power, allowing them to qualify for a mortgage they might not have been able to secure otherwise.2. Lower Monthly Payments: A larger down payment can lead to lower monthly mortgage payments and potentially eliminate the need for private mortgage insurance (PMI).3. Access to Better Loan Terms: Putting down a substantial amount can improve a buyer's chances of securing better loan terms, such as lower interest rates. Conclusion A down payment gift can be a valuable resource for homebuyers, especially those navigating the challenging waters of purchasing their first home. Understanding the concept of down payment gifts and knowing who can provide them can help buyers leverage this financial assistance effectively.If you’re considering a down payment gift, it’s wise to communicate with your lender about their requirements and ensure all necessary documentation is in order. With the right support, achieving homeownership can be a more attainable goal.

What is a Down Payment Gift and Who Can Give it?

When buying or selling a home, there is a lot going on. It can be easy to get caught up in the process and activity and overlook details that are important. One of the most overlooked issues is to define what comes with the home. Certain items, particularly fixtures and appliances, can be areas of confusion and should be clearly discussed in the contract. Here are a few examples: ​· Fixtures – Fixtures are items attached to the property and typically transfer with the home. These include window treatments, built-in shelving, and lighting fixtures. ​· Appliances – Appliances can be confusing. Anything in transfers with the home, but others such as the refrigerator, washer/dryer, or stand-alone stove might not. · Personal Property – This is an area that can cause confusion. It's assumed that furniture is owned by the sellers, but what about a room air conditioning unit? If there’s anything the buyer wants, they should be clear in the contract. · Outdoor Items – Items like sheds, outdoor furniture, BBQs, and playsets should be addressed in the contract. They may not be automatically included in the contract. There are many aspects of a real estate transaction that can be negotiated. The focus typically tends to be on price, loan, payments, and other financial considerations. This is normal. However, taking a step back to consider the expectations of what other items transfer with the home can avoid disappointment and conflict.

What Comes With The House?

Selling a home as-is can be a strategic decision for many homeowners. This option often appeals to those who want to avoid the costs of repairs after negotiations, homeowners with limited equity, or those facing financial challenges. It can also set clear expectations that buyers should conduct their due diligence and not anticipate repairs later. Regardless of the reason, there are effective ways to facilitate a successful as-is sale First, it’s important to clarify what "as-is" means. While some homes are marketed as-is, others may not be. In an as-is sale, the seller is usually not responsible for making repairs or addressing issues identified during a home inspection. Buyers need to understand that unless they waive the home inspection and/or condition contingency, they can typically still backout if they find the home’s condition unsatisfactory during their inspection period. To successfully sell a property as-is, accurate pricing is essential. This doesn't mean pricing it below market value, but rather being realistic about the home’s value and condition. The marketing should clearly state that the home is being sold as-is and provide details about its condition, emphasizing its potential and any expected repairs. This transparency can help reassure buyers and encourage them to consider the property. Overall, selling a home as-is can be a smart strategy that maximizes the seller's return on investment. With the right approach and open communication, both buyers and sellers can have a rewarding transaction.

Selling Your Home As-IS

Since the launch of HGTV, the DIY (Do It Yourself) projects have been allthe rage. Young and old DIYers have spent their weekend browsing the bigbox home stores and searching for YouTube how-to videos. Then theyspend their free time doing everything from knocking down walls to addingGranny Flats and She Shacks in the backyard. Yet, questions arise aboutthis trend and whether it will continue. Surveys say that the biggest reason younger homeowners are pulling awayfrom DIY projects is due to “FOMU” – Fear of Messing Up. Unlike DIYers ofthe past, this younger generation did not grow up watching their ownparents tinker around the house. This has prevented some of the naturalcomfort levels of home repairs from taking hold. Reports show that 70% ofrespondents have called a professional because they were unsure ofwhether they could handle the job. Another obstacle younger DIYers face is MPRS or Mid-Project RegretSyndrome. This tends to affect those who take on too large a project or onebeyond their capabilities – whether it is a lack of skill, lack of money, or lackof time. Depending on the progress made, this can end up costing almostas much as using a professional from the start. Regardless of these challenges and fears, the fact is that the DIY trend isgoing strong. Manufacturers now offer simpler products that are easier toassemble or build. Home improvement stores have also embraced theseconsumers with more educational classes and advice. Given this, itappears that DIYers will continue to plan weekend projects to beautify theirhomes themselves for the foreseeable future.

Is the DIY Trend Over or Just Getting Going?

One’s Circadian Rhythm is the natural sleep and wake cycle that provides the body with the greatest degree of health and wellness. One of the newest trends in interior design and architecture is mimicking this cycle using proper lighting. Harnessing the power of light can significantly impact our mood, energy levels, and overall well-being. Benefits of Circadian Lighting· Proper lighting routines can improve sleep by helping one fall asleep faster and wake up more easily.· Exposure to bright light in the morning can boost mood, and energy levels.· Proper lighting can enhance focus, concentration, and overall productivity.· Circadian lighting can support a healthy immune system, improve mood and reduce depression. How to Implement Circadian Lighting· Maximize natural light by incorporating large windows and skylights to flood rooms with sunlight.· Use dimmable lights to adjust the intensity of lights throughout the day to mimic the natural light cycle.· Choose warm-toned lights for living and sleeping areas that are used more in the evenings. Save cool-toned lights for office spaces where productivity and alertness are important.· Smart lighting systems can be used to create routines and schedules that automatically adjust light levels and color temperatures based on the time of day. Circadian Lighting offers a powerful tool for improving the quality of life. As more designers recognize the influence of design on lifestyle and well-being, lighting systems will continue to evolve and integrate into home designs, offering a more comfortable environment.

Circadian Rhythm Lighting – Using the Power of Light in Your Home

Most homes can be easily priced by looking at comparable properties in the area. A real estate agent will look at recent sales of comparable homes as well as market trends – is it an accelerating market or a declining market? But for sellers who own custom or more unique homes, pricing the property to sell requires a more strategic approach. Sellers and agents start by researching the local market for homes with similar distinctive features. This could include custom architecture, historical elements, eco-friendly designs, expansive views, and more. Even if the properties are not exact, they can provide a baseline for pricing. When setting a price, think about the emotional appeal of your home. Buyers of custom homes are often looking for something special and are willing to pay a premium. Highlight the standout features that make your home different and make sure these elements are emphasized in your marketing and during showings. Using a listing agent who is experienced in selling unique homes is also important. They should be familiar with the area and can suggest a price that balances competitiveness with the custom nature of your property. They may also suggest you get a pre-listing appraisal to gain an objective view of your home’s value. Flexibility is the key to selling a unique home. Understand that it might take longer than selling conventional property. Not all buyers will be interested in the property and patience is important. Be open to negotiation and willing to adjust the pricing strategy as you get feedback.

Help! My Home is Unique – How Do I Price it Right to Sell?

Who doesn’t love to spend time browsing through home magazines? Every season there are new looks and trends. While some are easy to achieve with a little paint, others would require extensive redecorating and design. A trip to the mall with high-end home stores is not helpful either. Unless you are prepared to spend hundreds or thousands of dollars on new items, these stores are disappointments. Fortunately, there are other ways to achieve the latest look without the designer price tag. First, did you know that many of those national high-end home stores also own lower-priced chains? These Big Box-style stores, like Target and Walmart, often carry more affordable versions of the high-end stores. These stores thrive on repeat business, and what better way to get customers to keep coming back than to show them new and trendy item seach time? Another great way to update your look may surprise you – thrift and antique malls. You have heard the expression, “Everything old is new again.” A careful look at those style magazines may reveal vintage looks, like the revival of Mid-Century Modern and Vintage Chic. Often discarded items from their original trend can be found in thrift and antique stores. Finally, re-upholstery and refinishing can be an option. Professionally done, this is more expensive than some other tips, but still less than buying their new counterparts. If you find a trend you like, it may be worth investing in new coverings and finishes. Style does not have to cost a fortune. Simple changes can be made with a quick trip to the local chain store this weekend. As fall approaches, it’s time to find some inspiration and then find the deals.

How To Get Designer Looks for Your Home on a Budget

Nothing is more frustrating than finding a wonderful house and thenrealizing that the neighborhood is not as great. Everyone has heard theexpression, “location, location, location,” and it’s one of the main reasonshomeowners say they love their home. Yes, the chef’s kitchen is a nicefeature, but if there are rules that are deal breakers in the HOA, theexcitement fades quickly. Here are Six Questions to ask yourself that will help you find the rightcommunity: 1. Is there pride of ownership? Observing the community - thestreets, the parks, the neighborhood yards – can tell you a lot aboutthe location. Is there pride of ownership?2. Is convenience important to you? Do you want to live close tohighways, shopping, medical facilities, or schools? Do you prefer amore rural location with a slower pace? Carefully consider thelifestyle you want as part of the community analysis.3. Are home values rising or falling? While the overall market willimpact all communities, pay special attention to housing values and ifthey are declining, understand why.4. Does the community have an HOA? Some people love HOAsfor maintaining the community’s appearance while others do notwant the restrictions they bring.5. How are the schools rated? Regardless of whether you haveschool-aged children, the quality of the schools can affect propertyvalues, positively or negatively.6. How safe is the neighborhood? Crime statistics are availablethrough a variety of sources online. Make sure to check them whendoing your research. There are other considerations of course but start by asking thesequestions before you fall in love with a home. Choosing the rightcommunity is even more important than picking the right house.

Choosing the Right Community

Seeing “as is” on a home listing can make some homebuyers nervous. Thefirst thought often is, “what’s wrong with the home”? In fact, the term “as is”should not scare you away from a home that otherwise looks like a good fit.Understanding the term, its use, and how to approach the situation canlead to a great deal and good investment ​First, “as is” does not necessarily mean “fixer-upper,” even though this is acommon belief. Most often, the term “as is” is simply the seller’s way ofletting prospective buyers know that they do not want to be botheredmaking minor repairs. Writing an offer on an “as is” listing does not mean that you agree to takethe home in any condition, nor waive your right to have inspections. It’simportant to do thorough inspections and investigations of any home youconsider buying. After carefully reviewing the condition of the home, youcan still request repairs or credits during your inspection period, even on an“as is” home listing. The sellers may or may not agree to do some repairsfor major issues to ensure the conclusion of the sale. Finally, some homes are in such poor condition that the “as is” descriptionis a true warning. These homes may not qualify for traditional financing andrequire serious consideration about the cost and effort to repair. Most of thetime, if the home appears to suit your needs, you can feel confident movingforward with the process. “As is” does not need to be scary and it does notmean you still can’t make informed decisions after an inspection. ​

Buyer’s Don’t Let “As Is” Scare You!

One of the biggest factors lenders use in qualifying potential home buyers is income. When coupled with credit scores, income is critical in reducing the risk for the lender which in turn gives the buyer better terms, lowering costs. For most borrowers, income is a steady paycheck every few weeks, but for others, a sizable portion of their annual income comes from commissions or bonuses. Understanding how a lender applies this income to the qualifying criteria will help potential borrowers avoid frustration and successfully get a loan. The main concern lenders have when evaluating risk is the consistency ofthe borrower’s income. Commissions and bonuses are variable, and lenders want to be assured that the income will continue. The first thing a borrower can do to reassure the underwriter is to offer strong documentation. People in the sales profession, for example, should be ableto provide years of documented commissions. This shows a record of consistent commissions. Bonuses can be treated the same way. For those who’ve recently started receiving commissions, lenders may limit the amount they use in determining income. Lenders are typically lookingfor two years of history to establish a pattern of earnings. They may ask for a letter from the employer to outline the commission and bonus structure. The best strategy for those looking to get a home loan with variable income is to plan. Provide strong and complete documentation up front. Maintaining excellent credit will also demonstrate stability. Lastly, prequalification becomes even more important for those who have commissions or bonuses as part of their income. Lenders may limit the amount of these variables when determining a maximum loan amount; knowing this upfront is important to understand before home shopping.

How Lenders Treat Commissions When Qualifying for a Home Loan

The past few years have been exciting for home sellers. Not only werehome prices historically high but buyers were well qualified and enjoyinglow interest rates. Today’s housing market is dramatically different in manyareas of the country. If you are considering selling your home, you may bewondering how to select the correct price when it seems all the sellersaround you are still overpricing theirs. Working with your real estate agent, the first step is to look at recent sales,not just recent listings. You may find quickly that the homes are selling forquite a bit less than they are listed for. You also need to look at the trends.Are sales prices rising month-over-month or declining – and by how much?This can help you gauge if you should price higher than recent sales orlower. In areas with few recent comparable sales, such as markets with manycustom homes, it may benefit you to get a professional appraisal. This willcost a few hundred dollars and will give you a full picture of the localmarket. Appraisers will consider the unique features of your home vs therecent sales, as well as the sales prices. This can offer great information ifyou have a beautiful view, a large lot, or a remodeled home. Finally, rely on the advice from an experienced agent. Don’t be tempted tojoin the pack if they are overpriced. Be reasonable in your expectations.This will allow you to sell quickly and for the best price possible in thecurrent market.

Pricing Your Home for Sale When Everyone Else is Overpriced

House hunting is exciting and most likely, your child is excited along withyou. They love to explore the possible bedrooms and dip their toes in thebig backyard pool. However, when it comes to changing schools, theirenthusiasm may start to wane. This might not be instantly apparent, andthey may not have even thought about what a move would mean to them ifthey needed to change schools. But involving your child during the homehunting itself can help make the move easier. First, start discussing the school change in the very beginning. Explain whyyou are moving and the benefit to the family. Explain that they will get tosee possible new homes and new schools. Reassure them that the qualityof the school and opportunities it can offer are prime concerns of yours aswell as the impact it will have on the child. Share the process you will take to research the schools and share theresults. Spend some time discussing the advantages and disadvantages ofthe various options and discuss how the change might affect the child. Takethem on a school tour and help them prepare some questions of their ownduring the visit. Consider creating a checklist for your child to use to learnmore about the classrooms, teachers, activities, and children. Spend sometime discussing their opinions and feedback as soon as you finish. Moving can be a very exciting time, but children do not always understandor express how change affects them. School is a huge part of their life andsocial world, so spend the time to ensure the change is a positive one byinvolving the child from the very beginning.

Evaluating Schools When Moving – How to Involve Your Child

Drone photography has revolutionized the way real estate agents markettheir listings. Highlighting the location or neighborhood can help potentialbuyers learn more about the property and increase interest in the home.But it is not as simple as buying a drone and launching it; there are specificrules that must be followed. Before you either take photos yourself or allowyour agent to do so, learn the rules to ensure that you do not end up withfines. · Licensing and Certifications – All commercial drone operators mustobtain a Remote Pilot Certificate from the FAA. Photos and videos used inreal estate listings fall into this category. · Airspace Authorization – Some areas are in controlled airspace andprior authorization must be obtained before launching. Apps like B4UFLY or Air map can help you determine if your property is subject to this restriction. · Height Restrictions – Drones must fly below 400 feet to avoidinterfering with manned aircraft. Operators should maintain a line of sight toavoid obstacles and special waivers for night flying must be obtained aheadof time. · Insurance – While not strictly required, homeowners should requestany commercial drone pilots to obtain insurance to cover any accidentaldamage or liability issues. ​Finally, understand the privacy concerns of the neighborhood. If there is aHomeowner’s Association for the home, check the rules before scheduling.It is common courtesy to discuss in advance with any other homeownerswhose property you plan to photograph. If there are concerns, you mightoffer the ability to review and approve any pictures before publication.Drone photography and video add so much to real estate marketing.Potential buyers gain a greater sense of the home and the area, which canincrease the number of serious buyers interested in the property

Drone Photography – What To Know

Summer is the perfect time to enjoy bright floral blooms in gardens andparks. Vibrant colors enhance warm weather views, inviting us to relax andenjoy the season. So, why not take a little time this weekend to transforminterior spaces with some flower-themed accents? Simple changes canbrighten and update any room, from the bedroom to the living room.Here are a few simple décor ideas to get you started. · Cushions and Throws – Swap out your normal cushions and throwswith bold floral prints. Choose from sunny yellows, vibrant pinks, andcalming greens to bring the energy of summer to your room. · Blooming Wall Art – Introduce flower-themed wall art to create afocal point. Choose artwork that complements your existing color schemewhile adding a burst of summer brightness · Fresh Flowers and Plants – Go to the source with fresh flowers andhouseplants. A sunny window is a wonderful place for a blooming plant.Cutting blooms from your garden also make a great centerpiece for adining or coffee table. · Area Rugs – A floral rug can anchor a space and bring the roomtogether. Many home stores even offer flower-shaped rugs that lend asense of summer whimsy. The summer season is the perfect time to bring the outdoors in. By addinga few floral accents paired with bright colors, you can freshen your spacesand create outdoor energy in any room.

Bring the Essence of Summer Blooms Inside with These Quick Décor Ideas

If you own a home, you know that you probably already maintain homeowner's insurance policy. Over the past few years, the cost of this insurance has soared. Wildfires, hurricanes, floods, and other natural disasters have caused insurance companies to dramatically increase premiums. But there are ways to try and mitigate these increases. Here area few tips to employ in an effort to lower your costs. · Shop Around – It may sound simple, but taking the time to get some competitive quotes can save you money. Many comp · Increase Deductibles – If you can afford it, increase the deductible for all your policies. Consider what you can afford to pay out-of-pocket in the event of a claim. · Check for Discounts – Speak with your insurance provider to learn about available discounts. Common discounts include discounts for improved home security or fire detection. Long-term policyholders and senior citizens may also qualify for a discount. Home improvements can also help, such as a new roof or fire-repellent landscaping. · Improve your Credit – It may seem strange, but poor credit can affect your home insurance costs. Credit scores reflect your financial security and good credit reduces risk to insurers. · Bundle Policies – Do not overlook the value of using one provider for all policies. Combining a home with an auto or other policy can save you hundreds of dollars on all policies. Prices are going up on everything. While you may be able to cut out movie nights or weekend getaways, insurance is typically an essential part of your financial health. It is a good idea to spend some time ensuring you are getting the most for your money by following these tips.

Avoiding Sky-Rocketing Homeowners Insurance Rates

Owning a successful short-term rental home is more than just finding a great property. Choosing a home to invest in is the only aspect of the investment, the area is just as important. Just as you would before opening a store or restaurant, careful analysis should take place to determine the opportunities an area offers. Here are a few key factors to consider: · Local Demand and Tourism – The best locations have some kind of independent demand, such as amusement parks, beaches or mountains, or other popular vacation destinations. · Amenities – People enjoy pools, parks, and shopping while vacationing. Consider what activities and amenities are available to renters.· Local Regulations – Carefully investigate the local laws and regulations governing short-term rentals. Some communities only allow 30+day rentals or even longer (if at all).· Competition – Review existing short-term rentals in the area and check pricing. Spot check a few of the most appealing for availability to learn about vacancy rates. Make sure the prices and availability fit with your cost model.· Seasonality – Consider whether the area has peak seasons with slower months in between. Understand the trends and plan for lower occupancy and pricing during the low season.· Growth and Development – Understand the future development plans in the community. Planned improvements may offer increased desirability for the rentals. A short-term rental can be a powerful addition to your investment portfolio. Carefully selected and managed, these rentals can offer significant income while appreciating in value over time. Before choosing a home, ensure success by carefully considering the location. The desirability of the area is one of the most crucial factors in a successful short-term rental business.

How to Determine a Good Area for a Short-term Rental

You have heard it a million times, “buy the worst home in the best neighborhood.” While you do not necessarily want to buy a home straight out of a horror film, finding an affordable home that might need some updating or repairs in a GREAT neighborhood is a great strategy in a tight real estate market. With some strategic planning, it is possible to find a great home that will accrue value over time because it’s located in a great neighborhood The first step is to define what a “great neighborhood” means to you and your family. Of course, the basics such as low crime and great school are a good start, but you also want to consider amenities that affect your quality of life and lifestyle. Do you want easy access to recreation facilities or trails for example? Once you identify the essential qualifications of a “great neighborhood” for you, then start doing your research. Real estate and community websites are a great start. Social media sites can also offer insight into the lifestyle of the communities you are considering. Review the prices of current listings and consult with your lender to determine a realistic budget. Then be open to compromises. What are the true “must have” aspects and what would you simply “like to have”? Be ready to pounce if a good home becomes available. Be open and honest with your budget and goals. Working with a real estate agent, they may offer similar communities as well. These could be good starter locations that offer value accretion. Finally, be ready to make updates and repairs. Finding a diamond in the rough will take work and elbow grease but in the long run, you can find significant financial and personal reward from investing in the right neighborhood.

Finding An Affordable Home in a Great Neighborhood

The past few years have been exciting for home sellers. Not only were home prices historically high but buyers were well qualified and enjoying low interest rates. Today’s housing market is dramatically different in many areas of the country. If you are considering selling your home, you may be wondering how to select the correct price when it seems all the sellers around you are still overpricing theirs. Working with your real estate agent, the first step is to look at recent sales, not just recent listings. You may find quickly that the homes are selling for quite a bit less than they are listed for. You also need to look at the trends. Are sales prices rising month-over-month or declining – and by how much? This can help you gauge if you should price higher than recent sales or lower. In areas with few recent comparable sales, such as markets with many custom homes, it may benefit you to get a professional appraisal. This will cost a few hundred dollars and will give you a full picture of the local market. Appraisers will consider the unique features of your home vs the recent sales, as well as the sales prices. This can offer great information if you have a beautiful view, a large lot, or a remodeled home. Finally, rely on the advice from an experienced agent. Don’t be tempted to join the pack if they are overpriced. Be reasonable in your expectations. This will allow you to sell quickly and for the best price possible in the current market.

It’s no secret that investing in real estate is a great way to build wealth.Homeownership is the simplest way to invest in real estate. But what if youcan’t afford to buy a home where you live? Or perhaps your lifestylerequires you to be mobile and flexible? A new investing trend has emerged in the past few years that allows peopleto capitalize on lower property values in affordable locations withoutrequiring the investor to move. For example, someone may rent in LosAngeles but have a rental property in Nashville. Not only does this start thegoal of building wealth through hopeful appreciation but can also offset thehigher costs of living in the primary market due to rent acceleration. While this strategy can be financially beneficial. There are a fewconsiderations before diving into the investment market: <ul><li style="font-size: 14px">Consider a variety of markets and visit them in person to understandthe neighborhood and property.</li><li style="font-size: 14px">Find a local, experienced property manager and budget for thisadditional cost.</li><li style="font-size: 14px">Create guidelines that allow the property manager to incur basiccosts for repairs, maintenance, and unexpected issues.&nbsp;</li><li style="font-size: 14px">Make regular visits to the home to make sure the communitymaintains the standards you expect. </li></ul>There are many reasons why someone might choose to rent their primaryresidence. Fortunately, there are great ways to still invest in real estate andtake advantage of lower sales prices for homes in other parts of thecountry. With a little planning and research, this type of investment can be agreat addition to any financial portfolio.

The Latest Investing Trend – Renter in One City, Landlord in Another

Everyone has heard about home decorators or designers, but have youheard about home stylists? No, it’s not just a fancy way of saying the samething. A home stylist can transform your living space from ordinary tosomething extraordinary. A professional home stylist works with you oneverything from simple aesthetic changes to functional improvements. Allare designed to create a home environment that is more beautiful andenhances lifestyle. The first thing a professional home stylist will do is to understand yourpersonality and goals for your home. They may bring style books to promptconversation. Then they will tour the space and take a mental inventory ofthe available décor and furniture. Everything from family heirlooms totreasured mementos can find room in your design. The goal is always toenhance your environment, without losing your personal style. Home stylists can also help optimize space, declutter, build storage, orredecorate an entire room. Ideal for smaller projects, like a simple powdermakeover or closet storage system, a home stylist can offer design advicethat takes the do-it-yourself project to another level. A home stylist is well-versed in the latest trends and will work with you toincorporate these concepts into designs that complement your uniquedesires. They take the guesswork out of making changes by learning yourtastes before they offer suggestions. They will also have recommendationsfor craftsmen and contractors who can transform the ideas into reality. By using the items you already have, a home stylist is a cost-effectiveoption for updating your home without losing your personality in theprocess.

What is a Home Stylist?

There is a certain look and feel that just oozes “old money.” These homes are graceful and elegant with interiors that are timeless and beautiful. Far from changing with each trend, these homes offer a sense of history that is warm and inviting. Fortunately, creating a classic, “old money” home does not require generational wealth. Anyone can create a home of understated luxury. · Quality Matters – Ditch the big-box stores that offer trendy furniture and accessories. Spend the time and money investing in pieces that will last and never go out of style. Hand-crafted wood, leather, and marble items can be found at high-end stores or antique dealers and will be worth the price in the long run. · Antiques and Vintage – Time spent in antique stores will pay off with those special finds that lend depth to your home. Wonderful kilim rugs or an aged mirror will add charm to any space. · Formal Rooms – Most floorplans still offer separate “formal” dining and living spaces, yet many families never use them for that purpose. Carving out these areas for special use does not need to involve a special event. Even a weekday family dinner is an occasion to stop and enjoy a beautiful room. · Family Heirlooms – Incorporate those special items from grandma's living room or the elegant set of China inherited from a great aunt. Tasteful art, books, and décor can also add a touch of personal family history Most importantly, nothing is off limits. Add items that you love and enjoy. Far from a cluttered, shabby, old sense, this kind of style embraces the eclectic and timeless elegance of the “old money” crowd.

Timeless Elegance – Creating an “Old Money” Look for your Home

Selling a home can be challenging in any circumstances. Add a difficulttenant to the mix and it becomes even more complex. While it would benice to simply ask the tenant to leave, if there is a valid lease in place, thismay not be possible. In addition, any issues with the tenants must bedisclosed to the potential buyers, further complicating the sale negotiations.The best option is to try and resolve any issues before starting the salesprocess. Before doing anything, have a conversation with the tenants. Work tounderstand and mitigate any issues they may raise. For example, they maybe concerned about having their lives disrupted during showings, andsimply limiting access to the home may resolve the situation. Anotheroption is to offer a buyout of the lease or other financial incentives for theircooperation or early departure.If the situation is more severe, such as tenants causing property damage ornon-payment of rent, you may need to postpone the sale to address thetenant issues legally. Eviction is a lengthy and costly process, so againoffering a financial settlement may resolve the issue. If not, consult with anattorney for options and guidance. Finally, consider the timing of the sale and be sensitive to the tenants’needs. The end of the lease term is the best time to list, but also timingbased on the end of a school year may help tenants with families make themove. The best thing to do is collaborate with your tenants to find solutionsthat allow you all to move forward easily. If the tenant will stay in place,ensure the change is smooth by introducing the new owner and puttingthem in the best position to have a successful transition.

Strategies for Selling a Home with Difficult Tenants

Your roof is one of the most essential elements of your home. It guardsyou, your family, and your home from wind, water, and other harshconditions. However, it is also part of the home that is often overlooked untilit’s too late. Detecting roof damage early can prevent costly repairs downthe line. But do you know what to look for? Here are a few signs it’s time tocall a professional roofing company · Leaks and Water Stains – The most obvious sign that youhave an issue with your roof is dampness. But water stains shouldnever be ignored. They could be due to water intrusion during stormsthat dry once it’s over. · Missing or Damaged Shingles – This may be harder to spotfrom the ground, but it’s important. Consider hiring a drone companyto perform a visual inspection of your roof on a regular schedule andafter major storms. · Granules in Gutters – Over time, roof shingles deteriorate. Ifyou notice excess granules in the gutters when you clear them, itmay be due to older shingles that need replacing. · Moss or Algae Growth – You may think that this kind of growthis quaint, but it can also be evidence of trapped moisture and shouldbe researched. Finally, any water intrusion in the home should be investigated immediately.Issues caught early are normally easy to correct. Taking proactive stepscan extend the life of your roof and prevent damage both inside andoutside the home.

How to Spot Roof Issues Before it’s too Late

When touring a beautifully staged home, it's easy to admire both the layout and the furnishings. While certain furniture like sectional sofas may seem perfect for the space,they typically don't stay with the home once sold. However, the inclusion of other items in the sale might not be so clear-cut. Here's an overview of some items whose transfer might not be automatic:● Appliances: Generally, built-in appliances such as ovens and dishwashers are included in the sale. Freestanding items like refrigerators or countertop microwaves sometimes are not.● Built-In Fixtures: Items that are permanently attached, like ceiling fans and built-in bookcases, often come with the house. However, while fixtures like curtain rods might stay, the curtains themselves may not.● Outdoor Items: It's important to specify which outdoor items are included in the sale within the contract. This can include sheds, outdoor furniture, and even specific garden features like koi ponds, which might otherwise lead to misunderstandings.● Security and Smart Home Systems: With the advent of wireless technology, components like sensors may not necessarily be included in the sale as the seller can easily remove them. Here's a list of questions buyers might consider asking their real estate agent when preparing an offer, specifically regarding items included with the property:1. What appliances are included in the sale? Are there any exceptions, like a freestanding refrigerator or microwave?2. Can you confirm which built-in fixtures are staying? For instance, are ceiling fans, bookcases, and light fixtures included?3. Are window treatments such as blinds and curtains included? Does this include all hardware like curtain rods?4. What outdoor items are included in the property sale? Is the outdoor furniture, sheds, or any garden features such as fountains or koi ponds part of the deal?5. How are landscaping items handled? Are there any potted plants or specific landscaping features that are excluded?6. What about the security and smart home systems? Which components, if any, are the sellers planning to take with them?7. Has anything been added to the list of exclusions since the last discussion? Are there updates or changes to what’s included that I should be aware of?8. Can we specify certain items to be included in our offer? How do we ensure that specific items, like a desirable outdoor kitchen setup, are included in the purchase? Asking these questions can help clarify what will be included with the home and ensure that the buyer's expectations are aligned with the reality of the offer.To prevent any misunderstandings, it's advisable for buyers to explicitly list the timestep believe are important in their offer. This allows both parties to clearly discuss and negotiate what will and will not transfer with the property.

Does that come with the House?

Creating a health and wellness room in your home can be a positive step in prioritizing your well-being and fitness. A step beyond just room for an exercise bike, this room should include areas for reflection and calm. A place where you remove distractions and can focus on yourself. Any spare space can be transformed into a health and wellness room. Spare bedroom, converted garage, or loft are great options. The room should have plenty of natural light and be located away from high traffic areas. Design the layout of your wellness room by functionality. Have an exercise area where you can place treadmills or weights. Add area rugs or yoga mats for floor exercises and meditation. Choose soothing colors for the room. A soft sage green or subtle sky blues add a soothing yet energizing ambiance. If space permits, add a comfortable chair where you can relax after a workout or when you need a break from your busy day. Use minimal décor and use natural materials as treatments. Add plants to incorporate the sense of nature and add curtains that allow light to filter in. Finally, invest in technology. A screen that allows you to watch movies or a fitness routine during high-intensity workouts can help you power through hard workouts. Meanwhile, a sound system that can play spa music or brown noise during meditation can help center your thoughts for a calming experience. By creating a dedicated health and wellness room in your home, you will find it easier to find time to focus on yourself. Creating a room that you love being in, is the best way to ensure you prioritize your health and incorporate these routines into your lifestyle.

Enhance Your Home with a Health and Wellness Room

What to Expect from a Potential Contractor

Retirement is an exciting new phase of life, and one most people lookforward to their entire working life. For those ready to make this change,downsizing their home is an important decision. While the thought ofleaving the family home can be emotional, there are significant benefits thatcan enhance the retirement lifestyle.First, downsizing can provide significant financial savings. There may besubstantial equity in the home which can be used for other purposes.Additionally, expenses associated with maintenance, utilities, taxes, andrepairs can be dramatically reduced with a smaller home. Money which canbe used for travel or other lifestyle choices. Downsizing also offers a simplified life in the home. Fewer rooms to cleanand maintain allows homeowners to spend less time on household chores.These homes are often single story, as retirees trade large multi-storiedhomes for smaller spaces. A smaller home is easier to navigate and isoften designed with accessibility needs in mind. These homes are perfectfor people who want to age in place. While moving may feel overwhelming at first, retirees who make thechange often find it liberating. Downsizing requires decluttering anddivesting of “stuff,” which offers a more relaxed environment focused onitems that really matter. Moving to a 55+ community is also an advantage.Surrounded by other retirees, people find a larger sense of community andrich social life. All in all, there are strong advantages to downsizing after retirement. Ofcourse, it’s not right for everyone but with so many options available, it isworth considering.

Benefits of Downsizing After Retirement

Title insurance is a critical component of the home selling process, yetmany homeowners do not fully understand what it is or its value. Simplystated, title insurance protects both buyer and seller from any potentialissues with the property’s title. When selling a home, obtaining titleinsurance offers peace of mind to all parties. Title insurance acts as a safeguard against potential defects in theproperty’s title. These defects can include liens, unpaid taxes, undisclosedheirs, or simply errors in public records. Without title insurance, a buyercould find these issues haunting them after the close, leading to costly legalissues or financial loss. One of the primary reasons for buying title insurance is to protect againstany claims that arise after the close of the sale and when the seller is longgone. Even if a title search is conducted during the escrow period, titleinsurance is a way to provide a safety net, with potential missed issues orundeclared claims. Title insurance may seem like another fee that lenders require to chargeconsumers more, but the fact is it is an essential protection for all parties.

Importance Of Title Insurance

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7 Must-Have Apps for New Homeowners | Munira Yahya

We live in a fast-paced, digital world. Most home buyers start their search online and many rely on apps throughout the process. So, it makes sense that once they have the keys, they continue to look for technology to help them create and maintain their new home. Here are some must-have apps to help new homeowners enjoy a hassle-free experience with their new property. 1. Centriq – A home management app that helps homeowners organize, operate, and maintain systems and appliances. Add appliances/devices by uploading model numbers and getting access to features, fix-it guides, and product recalls. 2. HomeZada – A digital management system that allows the user to track their home’s equity, insurance, and mortgage. It includes a home value forecaster tool as well. 3. NextDoor – A neighborhood networking app that helps new homeowners get involved in their local community. Provides access to local community members to get recommendations for service providers, community events, and emergency information. 4. HomeStyler – A digital interior design tool that helps home owners envision changes to their homes. Capture photos of the home to “try out” new designs and décor products. 5. TaskRabbit - This app connects homeowners with freelance taskers who perform services such as decluttering, TV mounting, baby proofing, packing, and much more. 6. Vivint Smart Home – A home security system that allows you to connect smart locks, doorbell cameras, thermostats, garage door openers, and any other smart device onto one app, instantly available on a mobile device. 7. FEMA App – The FEMA app allows the user to receive real-time weather and emergency alerts for up to five locations. It also can help locate a local shelter if the homeowner needs to evacuate. Technology has impacted the way we do almost everything. New homeowners can take advantage of the many apps available to ensure their new home is everything they want it to be.

7 Must-Have Apps for New Homeowners

Published 11/05/2024 | Posted by Munira Yahya

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