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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!

New River Valley VA Real Estate For Sale
385 Colin Reid Pass, Christiansburg, VA  24073

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Dreaming of a new home? Be the first to live in this new construction home in Senneca Springs. Glorian model is sure to impress with an open floor plan, high ceilings, hardwood floors, pocket doors, extra storage, low maintenance brick/vinyl siding and attached 2 car garage. Beautiful living room with vaulted ceilings flows effortlessly into the dining area – entertainers dream layout! Well-appointed kitchen is a chefs delight with SS appliances, granite counters, and an oversized island. Soothing master & pampering bath include a custom tiled shower and soaking tub. Two generously sized bedrooms and a full bath are perfect for a growing family or guests. The HOA features lawn maintenance, snow removal and common area maintenance. Only minutes from Blacksburg with the charm of country living and a small-town feel, yet just minutes to VT, hospitals, shopping and Huckleberry Trail.

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

New River Valley VA Real Estate For Sale
130 Gavins Court NW, Christiansburg, VA  24073

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Welcome to Senneca Springs in Christiansburg VA where homes match the taste and lifestyle of anyone who loves low maintenance living. The Rendition Grande model offers main level living, Timberlake cabinets, a brick/vinyl façade with stucco accents, hardwood flooring, vaulted ceilings, arched doorways, granite counters, tiled backsplash, stainless appliances, recessed lighting and two car garage. Gorgeous open floor plan offers comfort and quality to meet today’s busy lifestyle with a living, kitchen and dining room combination plus a large sunroom. The HOA features lawn maintenance, snow removal and common area maintenance. Only minutes from Blacksburg with the charm of country living and a small-town feel, yet just minutes to VT, hospitals, shopping and Huckleberry Trail. Come see this new home!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

New River Valley VA Real Estate For Sale
60 Gavins Court, Christiansburg VA 24073

 

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Welcome to Senneca Springs in Christiansburg VA where homes match the taste & lifestyle of anyone who loves low maintenance living.  The Deerfield model offers a main level Master Bedroom Suite and two upper level bedrooms.  Quality features include easy care flooring, tiled wet areas, vaulted ceilings, multi-panel doors and extra storage. The kitchen is sure to whet your appetite with an abundance of cabinet and granite counter space, plus Whirlpool SS appliances. The HOA features lawn maintenance, snow removal and common area maintenance. Only minutes from Blacksburg with the charm of country living and a small-town feel, yet just minutes to VT, hospitals, shopping and Huckleberry Trail.

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

Unless you plan to stay in a home for the rest of your life, resale value should be a major consideration when purchasing a house. Home-ownership is a huge financial investment and the goal should be to get as much monetary return as possible when you sell.  While you can’t always predict what the future holds for the real estate market, there are some basic guidelines for what kind of properties have good resale value.  Don’t make the error of focusing only on what you want when doing your home search.  Think about the following factors that will affect the resale value:

  1. LOCATION - This should be a primary consideration when looking for a home that will provide a good return on your investment.  A desirable location is likely to remain a hot market for home sales.  Think about the school district you will be in.  Even if you don’t have children in school, a top district will draw many buyers.  Different people will be looking for different things, but most buyers will want basically the same things from the location of their home.  Home Buying: Location Matters
  2. NUMBER OF BEDROOMS - A house with more than two bedrooms will sell faster and for a better price than one with only one or two bedrooms.  Even a couple with no children will want extra space for an office or guestroom (or both).
  3. NUMBER OF BATHROOMS - Buyers will expect to pay much less for a home with only one bathroom.  If people are choosing between a house with one bathroom and one with two, they will almost always be willing to spend a little extra to get that additional restroom.
  4. GATHERING SPACE - Buyers want a large, informal space for relaxing and entertaining family and friends.  You will get more value out of a spacious family room than you will out of a formal living room.  Large Family Room Ideas
  5. STORAGE - These days people have a lot of “stuff” and they need places to put it all.  Storage space, including closets, a pantry and loads of cabinets will improve the odds of getting high bids for your house. 
  6. GARAGE - People who live in suburban areas need places to park their cars.  A covered parking place or two is ideal.
  7. OPEN FLOORPAN - Buyers are looking for homes with open spaces and rooms that flow from one to the next.  A house with an Open Floorplan will improve your chances for a profitable resale.
  8. OVERALL CONDITION - A property that is well-cared for, updated and remodeled will greatly enhance resale value.  Focus on rooms that matter most to buyers - kitchens and bathrooms. Make sure everything is in good working order.  Some people might be looking for a fixer upper, but many buyers are willing to pay a premium for a move-in ready home.

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 of your real estate needs. Give her a call today at 540-320-1328!

 
 
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Gently rolling hills, lush green grass and mature trees create the ideal setting for this immaculate home situated on a gorgeous 1.9-acre lot with spectacular views.  Welcome to 4730 Shelburne Rd in beautiful Radford, VA. This sprawling home features glowing oak hardwood floors and a flowing, open floor plan that includes a formal dining area, living room and sunroom. A delicious kitchen with Corian counters, stainless steel appliances, tile backsplash and a convenient breakfast bar. The adjacent living room is the perfect place for gathering with family to watch a movie or have a game night. Just off the dining area a sliding door leads to a bright sunroom bathed in natural light and overlooking the rambling back yard.  Venture upstairs to the lovely master bedroom where you will be wowed by enormous his and her walk-in closets and en suite master bath.  A second, sizable bedroom and full bath complete the upper floor.  A third bedroom and attached full bath is on the lower level of this fabulous home and can be used as a guest room or a second master suite.  Cozy up by the gas-log fireplace in the huge lower level family room, plus a convenient laundry room and storage space.  Quality construction includes 2x6 walls, 5.5" insulation, 15" attic insulation and an amazing $156.00 monthly average utility cost!! You will delight in spending time outdoors in this beautiful environment. A covered patio provides a shady spot for a built-in grill area, perfect for cookouts and picnics. Storage will never be a problem with a double attached garage, double detached garage AND a detached storage building. And there is tons of parking for cars, boats, plus RV or camper as well.  You will not want to miss out on this sparkling gem of a home!   

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

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The 50-20-30 Rule - Learning to Live on a Budget

by Desi Sowers

If you are new to budgeting, managing your money may seem complicated and overwhelming.  You not only have to be organized, but you must make challenging decisions about how to spend your money.  But there is good news for you.  You don’t need fancy financial apps on your phone or extensive spreadsheets with dozens of categories of spending to see how your money is being spent.  You simply need to follow the 50-20-30 rule!

The 50-20-30 rule assists you in building a budget by using three spending categories. 

  1. 50% of your income should go to living expenses and essentials including rent, utilities, groceries and transportation.
  2. 20% should go to savings, investments and Debt Reduction payments.
  3. 30% of your income should be used for flexible spending. This includes everything you buy that you want, but don’t necessarily need such as travel, going out to movies etc.

Remember that the percentages for essentials and flexible spending are the maximum amounts you should spend.  If you use less income in these categories, you will have more to put into your other financial goals.

Here is how to start the 50-20-30 budget. First, determine exactly how much money you bring home each month.  This will be the amount you will base your 50-20-30 split on.  Then Track Your Spending. Every penny of it, from your rent payment down to the coffee you stop for on the way to work in the morning.  As you are analyzing your spending, split it into the 50-20-30 categories.  Once you see what you are spending where, you can make the needed adjustments to ensure you are falling into the 50-20-30 parameters.  If you find you are spending too much on things that you want but don’t need, that’s when it is time to cut back.

The 50-20-30 rule works because it provides a simple way to track your spending so that you can pay your bills, add to your savings and have money left over for fun stuff.  It keeps you on the straight and narrow so that you can begin to meet your financial goals.  If you stay the course, you will eventually achieve financial stability.

Have you been saving to become a homeowner?  If you are thinking of purchasing a home, contact experienced, professional Realtor Desi Sowers and let her assist you with all your real estate needs!  Call her today at 540-320-1328!

Photo Credit: pinterest.com

Dog Lovers Unite! How to Find a Dog-Friendly Neighborhood

by Desi Sowers

When searching for your new home you want to make sure the neighborhood is a good fit for everyone in the family, including your pup. You will likely be looking for a nice yard, but it’s important to look beyond the property line. The type of neighborhood you end up in can make a huge difference in the quality of life for you and your fur babies. Here are a few signs that you have found a dog friendly environment:

- There are more groomers in a two-mile radius than hair salons…walk in appointments welcome!

- Restaurants and shops have water bowls and treats for visiting pups.

- Pet waste stations are abundant.

- The local dog park is always busy with happy pooches frolicking with friends.

Here are some more serious things to think about when considering the home and neighborhood that will work best for you and your pets:

- NEIGHBORS WITH DOGS.  They will be more understanding if your dog occasionally barks and are more likely to be helpful should you need someone to let your dog out or walk them while you are away from the house.

PET SHOPS.  Areas with a lot of pets mean that there will be pet shops conveniently available.

- SIDEWALKS. A neighborhood with sidewalks is idea for dog-walking.  Bonus point if they have waste stations too.

DOG PARKS. These are especially nice for urban areas. Check if there are off-leash hours or dog runs, or at least grassy areas where pups can run and play.

- MEET-UP GROUPS. Check and see if there are local meet-up groups available for playdates with other families with dogs. This is a great way for you to make friends as well!

If you are looking to move to the New River Valley area and want to find a pet friendly neighborhood, contact Desi Sowers at 540-320-1328 to start your home search today!

Photo Credit: thespruce.com

New River Valley VA Real Estate For Sale
235 Wheatland Court, Christiansburg, VA  24073

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Main level assisted living does not get any better than this! Private end unit townhome nestled on a quiet cul-de-sac in the desirable Wheatland Hills 55+ community. A pool, library, chapel, outside maintenance, lawn service, exercise programs and facilities plus a la carte services are just a few of the perks you will enjoy. 235 Wheatland Court provides a beautiful floor plan loaded with tasteful features including soaring high ceilings, easy care flooring, neutral colors, ceiling fans, handicap features, an abundance of natural lighting and an attached 2 car garage! Vaulted ceilings and a cozy gas fireplace create a soothing atmosphere in the living room. A formal dining space is wonderful for family gatherings. A bright and cheery kitchen provides ample cabinet and counterspace, a full appliance package and pantry for all your storage needs – this way you can be as independent as you desire. The eat in area is sun filled and leads to the spacious rear patio for easy outdoor enjoyment. The master suite is a delight with a walk in closet, dual vanity, walk in shower, separate soaking tub and conveniently located laundry. The two secondary bedrooms are generously sized with plenty of closet space and lovely shared bathroom. Enjoy low maintenance living in this wonderful community! Make your appointment now!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

Affordable Home Staging Hacks

by Desi Sowers

Chances are, if you are getting ready to sell your home, you are also preparing to purchase a new home. So, the last thing you want to do is spend more money on your current property.  However, you certainly want to get the best price possible when selling it, and according to the National Association of Realtors, for every $100 invested in staging, the potential return is $400. As you can see, it will pay off in the end to stage your home to entice potential buyers.

Some people will hire a Home Staging Professional to get the job done.  While it might seem easier than doing it yourself, it is not the only way to get that SOLD sign planted in your front yard.  There are some simple, yet effective home-staging hacks that you can do that won’t break your budget:

  • Roll Out a Welcome Mat - Sounds simple, right?  It is!  First impressions mean everything when selling your home.  Also, prospective buyers tend to linger by the front door before the real estate agent opens the home for viewing, so an inviting entrance is crucial. A new welcome mat can cost as little as $15.  Purchase a modern mat that compliments the style of your home.  To further enhance the entryway, add a little green with some fresh plants.  An enticing entrance will make buyers want to see more!
  • Mount Mirrors in Strategic Spots - Every home has spaces like a dim hallway or small space that lacks natural light.  To spruce up these areas, hang a few mirrors.  They add extra light to rooms that look dark, and Make Your Space Look Bigger.  They will pack an extra punch if placed next to or directly across from a window because they will pull in more sun.  For a more decorative look, create a collage of several mini mirrors in different shapes and sizes rather than just slapping one large mirror on the wall. You can find inexpensive mirrors at craft stores and discount home stores.
  • Set Tables and Serving Areas for Entertaining - A home filled with friends, food and laughter is a happy one!  Paint a picture of what entertaining in your home will be like for potential buyers.  Keep it simple, but aesthetically pleasing. Lay out cloth napkins, wine glasses and solid plates in the dining room. Use matching mugs and bowls in the kitchen to produce the feel of family meals.
  • Replace Personal Photos with Art Work - Over the years, you have turned your house into a home by decorating with family portraits and personal mementos.  But potential buyers are going to want to be able to envision themselves living there and that is hard to do with your family members present in the form of pictures in every room.  So, get a head start on packing up your house by putting your pictures away and replacing them with art work that compliments the style of the home.  You can find inexpensive art at discount stores or you can print beautiful landscape photos to put in frames.
  • Make the Bathroom Look Elegant with White Linens - Spruce up your bathroom with crisp, fresh, all-white linens.  White towels, bath mats, and shower curtains give the room an instant update.  They inspire the feeling of a luxury spa without spending a lot of money.  Take it a step further by including some Spa-Like Displays.  Simple additions like an orchid, candles and special soaps will go a long way.
  • Arrange Decorative Scenes - Decorative displays can give a cozy, lived-in ambience to a house.  Assembling classy vignettes of colorful vases, lanterns, books, plants, baskets, and other items atop dressers, counters and bookshelves will make a house feel more like a home. Group items in odd numbers and in varying heights and shapes while keeping them in the same color family. You will be amazed at what you can find to use in your house, but if you need to buy some things, you can mix in inexpensive pieces from craft and discount stores.  Done properly, these displays will have people feeling like they are looking at rooms right out of home décor magazines…and that appeals to prospective buyers.

If you are preparing to put your home on the market, you don’t have to do it alone!  Professional Realtor Desi Sowers can help you get your house staged and sold in no time!  Call her today at 540-320-1328!

Photo Credit: realtor.com

Displaying blog entries 11-20 of 306

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