BOB UPTON, Realtor®, CBR's Blog
Buying a house can be simple, particularly for those who craft a blueprint before they embark on the property buying journey. Now, let's take a look at three tips to help you craft an effective homebuying blueprint.
1. Analyze the Housing Market
The housing market varies in cities and towns across the United States. However, if you analyze the local real estate sector closely, you can map out a successful property buying journey.
Assess the prices of recently sold residences and find out how long these homes were available before they sold. That way, you can determine whether a buyer's or seller's market is in place.
Remember, the more housing market data you review, the more equipped you'll be to understand the current state of the local housing sector. And if you allocate time and resources to analyze housing market data, you can gain the insights you need to make informed decisions throughout the property buying cycle.
2. Establish Homebuying Criteria
Create a list of homebuying criteria – you'll be glad you did. Because once you know what you want to find in your dream home, you can narrow your house search.
As you put together homebuying criteria, think about where you want to reside too. This will enable you to hone your home search to preferred cities and towns.
Don't forget to consider your short- and long-term plans as you craft your homebuying criteria as well. For instance, if your goal is to work in the city, you may want to focus on houses in or near the city itself. On the other hand, if you plan to start a family soon, you may want to explore residences near the top schools in your area.
3. Collaborate with a Real Estate Agent
If you're unsure about how to craft a homebuying blueprint, there is no need to worry. Real estate agents are available nationwide, and these housing market professionals can help you put together a homebuying plan.
A real estate agent is a housing market expert who is happy to teach you everything you need to know about buying a residence. He or she also will respond to any of your homebuying concerns and questions.
In addition, a real estate agent will act as a guide along the homebuying journey. He or she first will learn about your homebuying criteria and goals and help you put together a property buying plan. Next, a real estate agent will help you search for your dream residence and set up property showings. And once you discover a house you want to buy, a real estate agent will help you submit a competitive offer to purchase this home.
For those who want to achieve the optimal results during the property buying journey, it generally is a good idea to create a homebuying blueprint. By using the aforementioned tips, you can craft a homebuying blueprint so you can achieve your desired homebuying results.
If you have always wanted to own a second home in the mountains, near the beach or just about anywhere else, now may be the ideal time to transform your dream into a reality. The housing market offers many opportunities for property buyers – even those who already own a residence. If you understand what it takes to navigate the homebuying journey, you could quickly and effortlessly purchase a second house that matches or exceeds your expectations.
Ultimately, there are lots of things you can do to streamline your search for a second residence, such as:
1. Get Your Finances in Order
If you still have a mortgage on your current residence, there is no need to stress. In fact, by consulting with a mortgage specialist, you can evaluate your home financing options as you prepare to search for a second house.
Mortgage specialists are available at banks and credit unions, and they understand the ins and outs of home financing. Thus, mortgage specialists can help you analyze your current mortgage, establish a homebuying budget and determine the optimal financing option for a second house.
Of course, if your current house's mortgage is paid in full, mortgage specialists can still help you get ready to launch a search for a second residence. If you collaborate with mortgage specialists, you can get the help you need to immediately obtain financing to acquire a second house.
2. Narrow Your Home Search
You know you want to buy a second house – now, you just need to hone your house search based on your individual needs. If you focus on residences in a select group of cities and towns, you may quickly discover a wonderful house that you can enjoy for years to come.
As you consider potential cities and towns where you want to purchase a second home, think about your short- and long-term goals, too. By doing so, you can boost the likelihood of finding a second house that will suit you perfectly both now and in the future.
3. Consult with a Real Estate Agent
For those who want to acquire a second home sooner rather than later, hiring a real estate agent is a must. Because if you have a friendly, knowledgeable real estate agent at your side, you can minimize the risk of encountering roadblocks that otherwise could slow down your homebuying journey.
A real estate agent is happy to teach you about the housing market in your preferred cities and towns. Plus, he or she can offer expert recommendations about how much to offer to pay for a residence you want to acquire. And if you have concerns or questions as you pursue a second home, a real estate agent is ready to respond to them right away.
Take the guesswork out of finding and purchasing a second residence – use the aforementioned tips, and you could speed up your search for a second house.
When it comes to selling a house, there is no need to make rash decisions. Instead, you should review your home selling options closely so you can make informed choices time and time again.
There are many factors to consider as you review your home selling plans, and these include:
1. Your Home's Condition
How your home looks to buyers may have far-flung effects on your house selling experience. If you allocate time and resources to upgrade your house's appearance, you could boost the likelihood of enjoying a fast, profitable home selling journey.
First, you may want to upgrade your house's curb appeal. You can mow the lawn, trim the hedges and perform other home exterior upgrades to bolster your house's curb appeal and differentiate your residence from other properties.
You should clean each room of your house, too. That way, homebuyers may be more likely than ever before to fall in love with your residence as soon as they walk through your house's front door.
2. The Current State of the Housing Market
The current state of the housing market may dictate how you price your home. If you analyze the local housing sector, you can set a competitive initial asking price for your residence.
Take a look at available houses in your city or town that are similar to your own. You then can use this information to establish a price range for your residence.
Also, find out how long recently sold houses in your area were available before they were purchased. This housing market data can help you determine if the current housing market favors buyers or sellers.
3. Your Home Selling Goals
Consider what you want to accomplish during the home selling journey. By doing so, you can map out what you will need to do to achieve your home selling goals.
For instance, if you want to sell your residence as quickly as possible, you may want to establish an aggressive initial asking price for your home. On the other hand, if you want to optimize your home sale earnings, you may want to consider myriad possibilities to promote your residence to as many potential buyers as you can.
For those who want to review their home selling options, you may want to collaborate with a real estate agent as well. In fact, with a real estate agent at your side, you can get the help you need to streamline the home selling journey.
A real estate agent offers comprehensive insights that you can use to accomplish your desired home selling results. Plus, he or she is ready to respond to your home selling concerns and questions. And if you are unsure about how to navigate the home selling journey, a real estate agent can provide guidance to help you make informed decisions.
Ready to list your residence? Consider the aforementioned factors, and you can plan ahead for all aspects of the home selling journey.
One of the clear benefits of siding is to protect both the exterior and interior of the home. This protection is mainly against harsh elements. There are many siding options from which to choose, but the standard siding choice is vinyl siding. Homeowners looking to add this feature to their home will enjoy many benefits such as:
Vinyl is extremely durable and long-lasting when professionally installed. Vinyl siding does not rust, corrode, or warp, and its design withstands the harsh elements. Another feature that makes vinyl siding a good possibility is it's impervious to pests, such as termites. Also, it is moisture resistant, unlike wood that is prone to rot or split.
Another compelling reason why homeowners choose vinyl siding is the cost. Compared to other siding styles, vinyl is the least expensive, with a modest maintenance cost to boot.
The overall cost of maintaining vinyl siding is inexpensive. There is no need to paint, scrape, or apply a stain year after year. All you need is a gentle clean once a year with water and a mild mold remover or use a power washer to remove built-up mud and dirt.
Improve home value
Vinyl siding significantly increases your homes' equity. It beautifies the exterior of your home. It doesn't peel, chip or flake, which helps your home look well-maintained all the time. It can also improve your home’s value in the marketplace.
Vinyl siding is lightweight and often comes with pre-drilled holes for easy installation. As a result, the time required to install vinyl siding is minimal compared to the other options.
Vinyl gives homeowners an extensive collection of options. It comes in a variety of colors and textures. Choose from narrow gauge triple-lap clapboard designs to wide-gauge Dutch-lap, faux-stone, or staggered shake styles.
Vinyl siding is the best when looking for an excellent siding choice that is durable, affordable and easy to maintain. Visit your local building store to get more information about vinyl siding or consult with your home contractor for a recommendation.
Porch lighting is an essential part of a home's curb appeal. It offers much more than help navigating in the dark or a pretty accent for your front door. A brightly lit porch can enhance security and also save you money on your energy bill.
Where will you place it?
The location of your porch light helps you choose the right fixture. When updating an existing light, your choices may be limited if you don’t want to relocate your electricity or create additional patching or painting tasks. If your project is bigger or you are starting from scratch, your options are unlimited. In addition to the traditional placement on either side of the door, porch lights can be hung from above or be installed on posts.
What is the style of your home?
The architecture of your home also dictates the kind of fixture you should choose. If your home does not have any defining characteristics, your style is all you need. Porchlights can be found in several styles and designs with modern, casual and traditional options widely available. Consider a traditional style for a colonial home or a rustic fixture for a log cabin.
What is the size of your entry door?
The size of your porch light should balance with the size of your door. For example, if you have a standard-size door of six-feet eight-inches, it is recommended that your porch light be between 5 and 9 inches wide. A porch light that is 10 to 12 inches wide will balance with an eight-foot door. Choose the same or similar widths when installing multiple fixtures.
What are the features?
Motion sensitive porch lights feature a built-in sensor that turns on the light when a person or pet moves into the range of the sensor. A daylight sensitive light has a timer that automatically turns on the lights at dusk. Most decorative porch lights feature built-in dusk to dawn photoelectric eyes, which means you won't need to think about turning on the porch light.
If you want a bright porch light, check the wattage recommendations for the fixture you’re considering. Do not exceed the fixture's wattage as this could cause damage. Replace your incandescent bulbs with LED bulbs or outdoor-rated compact fluorescent bulbs.
Installing the right porch light can add charm to your home and significantly boost your curb appeal. If you need guidance or installation assistance, ask your realtor for recommended lighting professionals or contractors to help with your project.