Real Estate Information Archive

Blog

Displaying blog entries 1-4 of 4

Safe Home - Happy Home

by Desi Sowers

Let’s face it - it can be a scary world.  Your home should be a safe-haven for you and your family.  While safety can never be guaranteed, there are steps you can take to make your home feel secure.  Here are some tips for making your home as safe and secure as possible:

- Light it up!  While there is no reason to fear darkness itself, it is true that when bad things happen to people, they often happen under the cover of darkness.  So, brightening up your surroundings can help discourage people from lurking around your home.  Install energy-efficient bulbs in your outdoor lights and keep them on when it’s dark, or have motion sensors so that lights come on when there is movement near or around your property.  At night, keep some lights on inside so your house doesn’t appear completely dark.

- Close window coverings when it gets dark.  You may not be able to see what’s going on outside in the dark, but people outside can clearly see in your house if your windows are exposed.

- Get to know your neighbors. You certainly won’t feel safe if you are surrounded by strangers!  Knowing your neighbors will provide you with the security of having someone to call on if you are feeling unsafe. How to Meet Neighbors

- Keep emergency numbers handy.  Many people use mobile phones exclusively these days, so it’s a good idea to create contacts for emergency numbers so all you must do is touch a screen or push a button to call for help.  If you haven’t gotten rid of your Landline yet, you may want to consider keeping it for safety reasons.  With a landline call, a 911 operator will receive your locations immediately, whereas it might take a bit longer to pinpoint your location with a cell phone.

- Eliminate hiding spots.  Make sure your shrubs are trimmed and well-spaced so that they don’t provide hiding spots for burglars.

- Don’t hide a key outside.  I’ve locked myself out enough times to know that it is a good idea to have a spare key somewhere, but people looking to invade your home will find it no matter how well you think you have hidden it.  Instead, leave a spare key with a trusted neighbor.

- Make sure you have quality locks.  The lock is the weakest part on a door.  You will want a grade 1 or grade 2 dead-bolt lock that penetrates the door frame.  It’s important to have a duty Strike Plate that is made of solid metal or brass.  How to Pick a Lock

- Use signage to scare strangers away.  Whether or not you have a security system (or a big watch dog) you can place signs in your yard or by your doors that say you do.  You can also have a no soliciting sign to discourage salespeople (or someone pretending to be a sales person) from knocking on your door.

- Invest in a security system.  There are many options for home security systems. Do some research and choose the one that works best for your family.  Many security companies will come out and inspect your home to give you an estimate of what you will need and how much it will cost. Nobody wants an added household expense, but feeling of being safe in your home is priceless!

If you’re thinking about selling or buying a home in the New River Valley area, contact professional, experienced Realtor Desi Sowers and let her assist you with all your real estate needs. Give her a call today at 540-320-1328!

When you purchase a home, you are not only choosing where to live, you are making a financial investment as well. Home Equity  is the percentage of your home value that you own and with each mortgage payment you make you are contributing to your own financial savings.  The goal is to build up as much equity as you can so that when you sell your home, you will make a nice profit!  Here are some tips for building home equity:

- Take Out a 15-Year Mortgage Loan - It’s common for people to choose a 30-year mortgage because many believe a 15-year mortgage is out of their budget.  However, it can’t hurt to ask your mortgage lender to run the numbers to see if a 15-year mortgage is doable for you.  You might be surprised to discover that the shorter term is within reach.  Sticking to a Budget that allows you to pay off your house in half the time will build equity faster and will certainly pay off in the long run!

- Pay Down the Principal - Build equity faster by paying down your home loan quicker.  Even if you don’t have the ability to take out a 15-year mortgage, you can still make extra mortgage payments when you have the means to do so and the difference extra mortgage payments can make toward building equity are huge. If you make just one extra payment toward  Principal each year, you can potentially pay off your home loan seven or eight years ahead of schedule.  There are ways to do this without breaking your budget.  For example, you can use a tax refund or a work bonus.  Another way to do it is to simply add a small amount to your principal payment each month.

- Make a Larger Down Payment - Depending on your credit standing, you can qualify for a conventional mortgage loan with a down payment as low as 3%, and an FHA loan with a down payment as low as 3.5%.  While it’s tempting to buy a house with a low down payment so that you have more cash on hand, the pros of making a larger down payment may outweigh the cons. The larger the down payment, the faster you build equity.  The faster you build equity, the more profit you will make should you have to sell your home before paying it off.

- Make Improvements on Your Home - Making Home Improvements is a good way to add value to your property.  It’s important to educate yourself about what home improvements give you the best ROI (return on investment).  For example, per Chris Terrill, CEO of HomeAdvisor, “a minor kitchen remodel is one of the best investments homeowners can make.”  “Projects including refinishing cabinets, updating the countertops and installing new appliances all provide high return without breaking the bank.”  Other home improvements that add value to your property include replacing garage doors, adding a bedroom, updating a bathroom and installing new windows. And don’t underestimate the value of curb appeal!  A professionally landscaped yard will not only help with a quick sale; it can also add up to 20% to your home’s value!

Owning a home is likely the largest financial investment you will make, and the more equity you acquire, the more options you will have.  You can utilize your equity as a nest egg for the future or it can be used as a cash down payment on your next home.  Use these tips to build equity faster so you can build up your savings and enjoy this wonderful perk of home ownership!

If you’re thinking about selling or buying a home in the New River Valley area, contact professional, experienced Realtor Desi Sowers and let her assist you with all your real estate needs. Give her a call today at 540-320-1328!

Purchasing Your First Home - 5 Steps to Get You Started!

by Desi Sowers

Buying your first house is a monumental milestone in life.  It’s likely the largest financial commitment you will have made up to this point.  You want to get it right.  Here is a basic overview of five essential things you need to know when taking this step.

- Hire a Realtor.  Having a Realtor will save you time.  They can send you listings directly from the MLS that fit your wants/needs and you won’t waste time looking at properties that might already be under contract. Realtors are also often aware of new listings that are not yet on the market.  And while house hunting, there is no point in wasting your gas when an agent will pick you up and provide transportation.  The advice you will receive from a qualified Realtor will be invaluable in the buying process.
 

- Figure out what you’re looking for.  Searching for the right home can be overwhelming, especially if you’re not even sure what you want.  Come up with a list of must-haves and desires that you can present to your Realtor so that they can provide listings that fit those parameters.
 

- Get a loan.  It is smart to get loan pre-approval prior to making an offer on a house…especially in a seller’s market where you may be competing with other buyers. Sellers want assurance that you will be able to complete the purchase of the home.
 

- Negotiate the offer. Don’t make the mistake of comparing the sale price to other homes you have seen because the truth is, sellers can ask any amount they want for a house.  Your agent can provide you with comparable sales of similar houses in the same condition and location over the past few months. Keep in mind that you may have to pay more than the list price in a seller's market.
 

- Do a home inspection. Some states will allow you to have a home inspection prior to making an offer on a home. In other states, the inspection becomes a contract contingency, meaning the buyer has the right to cancel the contract.  Either way, you don’t want to get locked into purchasing a home that has a faulty foundation, for example.

Remember, you don’t have to do this alone! Contact Desi Sowers at 540-320-1328 to help you find your first home today!

http://www.desisowers.com/Blog/Buying-or-Selling-a-Home-Ten-Reasons-to-Hire-a-Professional-Realtor-Today

http://www.desisowers.com/Blog/Finding-Your-Dream-Home-Tips-for-Success

http://www.desisowers.com/Blog/Home-Inspections-are-Important-Heres-Why

The Aging of Your House - How Long Will It Last?

by Desi Sowers

What is the life span of a house?  Some houses may survive for hundreds of years, but the individual components that make them up may not.  Parts of the house made of concrete or brick may last a long time, but other things such as appliances may only last ten years or so, regardless of how expensive they were to purchase. 

As seen in the graphic, components of the house made with hardy materials such as wood or stone flooring can last 100 years or more.  Other durables that can last a lifetime included natural stone or tile countertops, fiberglass, wood or fire-rated steel exterior doors, copper wiring and most types of insulation.

A study by the  National Association of Home Builders warns that life expectancy of homes will vary and the life span of an individual house’s component will depend greatly on the quality of installation, level of maintenance, weather and climate conditions and intensity of use.

Many homeowners will swap out house components or appliances before necessary due to changing styles and preferences or improvements in newer products.  Eligibility for tax credits or rebates and newer models that are more energy efficient and less costly to use may entice homeowners to replace items before the end of their useful life.

Consistent home maintenance is the best way to make your home, and all its various components, last as long as possible. 

http://www.desisowers.com/Blog/Autumn-Home-Maintenance-Must-Do-List

http://www.desisowers.com/Blog/To-Renovate-or-Not-to-Renovate-Should-You-Fix-Up-Your-Home-or-Sell-it-As-Is

http://www.desisowers.com/Blog/Protect-Your-Home-from-Fire-Four-Surprising-Fire-Hazards

Displaying blog entries 1-4 of 4

Syndication

Categories

Archives

Each Office Independently Owned and Operated