Sunday, July 1, 2018 / by Jason Grissom
Buying a home is emotionally and financially stressful. Building a home? Now that’s a whole different animal. There’s a big difference in buying an existing home on which you will imprint memories and experience, and choosing how a home is built. Often buyers get a “dream home” mentality and start tripping into common pitfalls.
Let’s see if we can prevent a few.
Bring Your Own Agent
This is one we run into a lot. The assumption is that, for an existing home, there’s a lot of research, inspection, and title issues that may crop up that are best handled by an agent. With a new construction, what could you run into?
For one, builders don’t use a standard contract. If you’re buying an existing home, a “Purchase and Sale Agreement” is generally about 10 pages, not counting all the other disclosures and documents that go with it. With a new build, they’re usually 25-40 pages, and every buil ...
Friday, June 1, 2018 / by Jason Grissom
#5 – Get Some Fresh Air
With so many exciting options and fixtures to pick out, it’s easy to ignore the more utilitarian elements in your bathroom reno. Failing to work in proper ventilation can lead to expensive repairs when mold and mildew set in. A sure sign you have inadequate ventilation is excessive steam clinging to mirrors and walls following a shower. Too much will require constant cleaning and start to ruin your pain and drywall.
Natural ventilation is always a plus, but not every bathroom can be along an exterior wall or where a window makes sense. In this case, look to exhaust fans to solve the issue. Just don’t skip on the fan – read the specs and reviews to make sure it moves enough air to properly vent the space (bigger rooms need bigger motors), and check to see what sound rating it has. It’ll be hard to enjoy a relaxing shower if your vent sounds like a jet engine.
Lately, check to see where and how the vent is run. Bathroom ...
Tuesday, May 1, 2018 / by Weichert Realtors
It may seem that homebuyers and sellers don't agree on much, but they share one important concern: that the transaction is successful. This comradery is never more evident than during the appraisal process. It's only natural, since the results of the appraisal can send the deal spiraling out of control.
Appraisers take into account many factors when determining the worth of a home. While some of these, such as location, can't be helped, there are things a homeowner can do to ensure that the home is appraised for maximum value.
1. Information is King
Appraisers don't spend a lot of time in the home. In fact, Brian Coester, chief executive of appraisal firm CoesterVMS, tells CNBC that the interior inspection typically takes 30 minutes or less.
"After inspecting thousands of homes, it does become quite easy to quickly assess the amenities in a home," reiterates Ryan Lundquist on Sacramento Appraisal Blog. That isn't much time to make a good first impression ...
Sunday, April 1, 2018 / by Weichert Realtors
Getting ready to sell your home? A common mistake is to over-spend on upgrades. While buyers will certainly appreciate a new roof, granite counters, and other pricey additions, putting $5000 into those features will not always get you the bang-for-your-buck you want.
Consult your agent for what improvements are needed for to make your home competitive, but it's cheap and easy to start on cosmetic items. New paint goes a lot further for less, and makes a bigger impact than a costly redo of the whole bathroom. The time to remodel was when you first bought the house, and for your own enjoyment, not when you’re getting ready to sell.
So what can you do? First, take stock and don’t get overwhelmed. Separate out the “must do’s” from the “quick fixes” and give yourself a manageable list. A good place to start?
Yard Sale! – Making some money is always nice, but don’t lose sight. Your main goal is to de-clutter and prepare y ...
Thursday, March 1, 2018 / by Weichert Realtors
While the single-family home is still the most common, land scarcity and rising prices are making alternatives more and more appealing. Condominiums, townhomes, PUDs, and co-ops are a good option if you're trying to squeeze in to a crowded market, but what are they, and what’s the difference?
First, they are all considered Common Interest Subdivisions (CIS), in which individual ownership of a residential unit is combined with the shared ownership of a common area. More specifically...
Houses and condos are very similar - you have a deed, a mortgage, and pay property taxes. The biggest difference is that what you really own is “airspace.” Walls, floors, and ceilings are owned in common among all residents. You join the homeowner’s association and pay monthly dues to cover management, hazard insurance, maintenance, garbage collection, hallway lighting, and landscaping. A portion of the dues are set aside in an account for long-term ...