Margo Delaney's Blog
When you’re shopping for a home, it’s easy to be overzealous in your attempt to find the perfect property. One of the biggest regrets of home buyers is that of paying too high a price for their dream home. There should be a balance between cost and the right property for you. No matter what kind of house you’re looking to buy or where you plan to buy it, a little planning goes a long way to help you get the most for your dollar when buying a home. Below, you’ll find some tips to help you avoid the dreaded mistake of overpaying for a home.
Look For Amenities That Increase Value
Does the neighborhood you’re looking to buy in have a lot of cool perks? Perhaps the property is close to the heart of downtown or close to one of the most desirable schools in the area. These features add value to the home based on the demand in the neighborhood.
You should also consider if the neighborhood is known as what’s termed “up and coming.” The potential that a neighborhood is also a factor in the price of a home. Is there a lot of construction going on in the area? Is the home you’re buying in a great area but considered a “fixer upper”? High potential properties in desirable areas can actually give you a bargain. A nice property in an area that is still being established can also be a bargain but beware. You may end up paying a higher price as sellers and developers understand that people are eager to move into the neighborhood. Also, if a neighborhood seems to be built up too much, it’s not a good sign. An overdeveloped area can lead to decreased property values over time.
Inside the home, look for things that have been updated to increase the value of the property. An updated kitchen and bathroom add the most cost to a home as these are the most expensive rooms to renovate. Other perks in a home that greatly increase the value include new flooring, new roof, being situated on a cul-de-sac or dead end street, and easy access to highways and main routes.
Know That Some Features Decrease Value
Things like power lines, poor economic growth in the community, high-traffic areas, foreclosures, and unkept homes can all drag down the value of a property. If you happen to be looking in one of these areas, understand that you shouldn’t be paying top dollar for a home there. Look for bargains. Whether you plan to stay or simply flip a property, you need to know at what point the price will be right without overpaying for the home.
As a home seller, it is important to do everything possible to ensure your house impresses buyers. If your residence makes a positive impression on buyers, you could speed up the house selling process. Plus, you may be better equipped than ever before to maximize your house sale earnings.
Now, let's take a look at three tips to help you transform your home from drab to fab and ensure your residence garners lots of interest from potential buyers.
1. Upgrade Your House's Curb Appeal
Your house only gets one chance to make a positive first impression on buyers. Fortunately, if you enhance your home's curb appeal, you can make the most of this opportunity.
Completing assorted home exterior upgrades may help you make your residence stand out to buyers. For instance, mowing the lawn and trimming the hedges will help you quickly improve your house's front lawn. You also may want to repair any cracked or damaged home siding.
2. Eliminate Clutter
There may be no time like the present to remove unwanted items from your house. Because if you eliminate home clutter, you can show off the full size of your living space to potential buyers.
To cut down on home clutter, you may want to host a yard sale or list unwanted items online. This will allow you to simultaneously get rid of unwanted items and earn extra cash.
You can always donate unwanted items to a local charity, too. Or, you can give unwanted items to family members and friends.
3. Clean Each Room of Your House
An in-depth home cleaning is a must, particularly for an individual who wants to enjoy a seamless house selling experience.
When it comes to cleaning a home, there are lots of options at your disposal. For do-it-yourselfers, you can allocate time and energy to mop the floors, wipe down countertops and perform other house cleaning tasks. On the other hand, if you want extra help, you can hire a professional home cleaning company.
As you search for ways to stir up interest in your residence, you may want to employ a real estate agent as well. If you have a real estate agent at your side, you can get the help you need to expedite the house selling journey.
A real estate agent knows the ins and out of the home selling journey and can help you plan accordingly. First, he or she will meet with you and learn about your home selling goals. A real estate agent then will put together a plan designed to help you achieve your goals without delay. And if you ever have concerns or questions as you navigate the home selling journey, a real estate agent is ready to respond to them.
Want to get your house ready for the real estate market? Take advantage of the aforementioned home selling tips, and you could reap the benefits of a fast, profitable house selling experience.
9 Holyoke Rd., Somerville, MA 02144
9 Holyoke Rd., Somerville, MA 02144
The neighborhood you live in has just as much to do with the value of your home as the features of the house itself. The right amenities in a community can increase the value of your home significantly. Read on to find out the most desirable features of any area.
Places To Walk
Whether it’s immaculate sidewalks, hiking trail, or parks, anywhere that you can be outdoors and walk easily increases the value of the nearby homes. This is because it’s great for families to get out, get some exercise, and not have to go very far. This feature can bring in anywhere from a few hundred to over a thousand dollars above your home’s asking price.
We often take trees for granted, but trees that have grown up around a property can add some value to the home. Think of it in the context of, however natural a neighborhood is, the higher the value of the homes in it. Before you think about cutting down any trees around your house, consider the fact that grown trees can increase the cost of a home by up to 5%!
Neighborhoods that are surrounded by historic districts, landmark homes, or other places of historical interest have the higher value. For one, these are usually walkable neighborhoods. Second, your area has a story unlike any other. It’s a fun place to get out and explore. All homes in these historic districts aren’t ancient; you can find some newer construction homes in these areas, which means that there’s truly something for everyone!
A dog-friendly neighborhood is a valuable neighborhood. People love places that they can take their dogs like dog parks. This especially holds true in the city where yard space is limited. Even better is a neighborhood where dogs can be seen in restaurants and coffee shops. If you can drive around the block and see people walking dogs everywhere, it’s a good bet that it’s dog-friendly! People love their pets and want them to be a part of the family, so they need to live in a place that allows them to do that.
All The Essentials
If your neighborhood is near all of the essential things that people need on a daily basis, your home’s value may increase. Places like grocery stores, pharmacies, shopping malls, hospitals, and safety support services all play a role in improving the value of homes in a neighborhood.
A Sense Of Community
If a neighborhood has community groups, a neighborhood watch, or other organizations that help to bring about a community feel, your home may be a bit more valuable than you think it is.