Maria DiCarlo's Blog
You may think of downsizing as something that makes sense when you have an empty nest. Larger families do, of course, need more room. Downsizing can also be financially strategic and rewarding for you and your family if you have the opportunity to do so.
How Much Is Your Home Worth?
There comes a point in your life when the amount of money that your home is worth is very important. Maybe you need the money for retirement and are looking to move to a cheaper city or state. Maybe it’s time for you to pursue your goals and dreams. Whatever the reason, your home is a very large asset.
If you downsize, you’ll have a bit more money available to invest for your future. You may even consider buying an investment property. If all of your money isn’t tied up in a home, you’ll have a bit more freedom to do other things with your money.
A Smaller Home Means Smaller Expenses
When you downsize your home you end up with much lower expenses for your housing. You’ll save big on both utilities and home maintenance. You’ll be surprised as to how much extra cash you’ll have each and every month that you’ll be able to use for other things like investing, travel, or other expenses. You’ll have the ability to do things beyond simply achieve that one dream goal of home ownership.
What If You Don’t Already Own A Home?
There’s a lesson to be learned here for renters as well. If you’re getting ready to buy a home, you may want to think small. A smaller home that can suit your needs will allow you to save thousands of dollars over the life of the mortgage on your home. Remember that a mortgage payment is more than just the cost of the home. You’ll need to include things like taxes, insurance, mortgage insurance, heating, electricity, and more. The smaller the house that you buy, the less all of these things will cost. Think of what you could do if you invested that extra money that you saved on all of these things each month.
What Would You Do With The Money You Save?
Having a big, beautiful home is a fantastic goal to achieve. You may have other dreams that you want to pursue in addition to owning a home. While downsizing isn’t for everyone, many people use the money they save to do some pretty incredible things like:
- Go back to school
- Buy a vacation home
The Negatives Of Downsizing
If you move into a smaller home, there are a few drawbacks. For one, you’ll have less storage and will actually need to downsize your amount of belongings as well. You’ll also have less room for visitors if hey come to stay. If grandkids frequent your home, you may be hesitant to sell and find a smaller place. It may also be difficult to find what you’re looking for at a certain price in a specific area. Think carefully before you decide to downsize and see if it has the right benefits for you.
If you are looking to sell your home and move out of a major city, there is no need to worry. In fact, there are many quick, easy ways to ensure that you can enjoy a seamless home selling experience, even if your residence is located in the heart of a major city.
Now, let's take a look at three tips for selling a home in a major city.
1. Know Your Target Homebuyer
Think about what led you to buy your city home in the first place. Then, you can put together a home listing that highlights your home's features, thereby increasing the likelihood that your house will generate plenty of interest from potential buyers.
When you create a home listing, think about a city homebuyer's perspective. By doing so, you can ensure that your home listing hits the mark with the right group of buyers.
For example, if your home is located near popular city attractions, it may be worthwhile to include this information in your home listing. Or, if your home includes a new roof and other upgrades, you should incorporate lots of details about these upgrades into your home listing.
2. Establish an Aggressive Price for Your Residence
What you originally paid for your city home is unlikely to match the value of your residence today. However, with a comprehensive approach to analyzing your home's strengths and weaknesses, you can establish an aggressive home listing price from day one.
It often pays to conduct a home appraisal prior to adding a city home to the real estate market. During a home appraisal, a property expert will evaluate your residence, as well as compare and contrast your house against similar homes. After a home appraisal is finished, you will receive a property valuation that can help you set a competitive initial asking price for your house.
Don't forget to check out the prices of comparable houses in your city, either. With this housing market data at your disposal, you can see how your residence stacks up against the competition and price it accordingly.
3. Collaborate with a Real Estate Agent
If you're unsure about how to put together a home listing, price your residence or perform assorted home selling tasks, you should contact a local real estate agent. By hiring a real estate agent, you can receive expert assistance as you try to sell your city residence.
A real estate agent understands the ins and outs of selling a house in any city, at any time. Therefore, this housing market professional will make it easy for you to maximize the value of your city home.
Oftentimes, a real estate agent will meet with you and learn about your home selling goals. He or she then will add your city residence to the real estate market, promote it to potential buyers and keep you up to date throughout the property selling journey.
When it comes to selling a home in a major city, it helps to take an informed approach. Use the aforementioned home selling tips, and you can boost your chances of enjoying a fast, profitable home selling experience.
Getting your home ready to sell entails quite a lot. Staging, taking photos, stocking the toiletries, and--in the case of an open house--entertaining guests. You want the visitors to your home to feel welcome and like they could live there someday.
To achieve this it takes planning and an eye for what really “works” in your home. To do this you’ll have to let go of everything you’ve made your home into and turn it into a blank slate where others can imagine it fitting their personal taste.
In this article, we’re going to give you some tips on preparing your home for an open house or showing to leave the best possible impression on your visitors.
Remove yourself from the picture
It might be sad to take down your family photos and personal effects, but imagine yourself in a visitor’s shoes. When you enter a home you’re thinking of buying, you don’t want to be distracted by what the previous family did with the home. Rather, you want to look forward and imagine your own family making a life there.
Even the most minimalistic of homeowners tend to accumulate a lot of stuff over the years. However, walking into a home filled with items is distracting from the features of the home. You want to draw people’s eyes toward the best characteristics of your home--whether that’s spaciousness or architectural features.
We suggest packing your belongings by room and renting out a storage facility while you wait to move into your new place.
Working with someone to stage your home is a guaranteed way to make sure your house looks welcoming for your guests and photos. However, if you plan on doing the staging yourself take a look at some similarly styled homes online to find out what looks good in their photos. When we furnish our homes, we do it based on our personal taste, comfort, and utility. Staged homes are about aesthetics and atmosphere.
Once you’ve finished staging, it’s time to clean up after yourself. Wipe down surfaces, polish wood, and clean the windows.
Don’t neglect the exterior
The outside of your home is as important as the inside. It will be visitor’s first impression when they arrive at your driveway. To prepare, make sure your siding and windows are clear of dirt, the lawn mowed, the gutters cleaned, and the doors freshly painted, if necessary. Sweep the driveway and remove any yard tools from sight.
Your real estate agent knows how to run an effective open house. However, here are a few key things to remember on the day your guests will arrive.
First, light a candle and use air fresheners where necessary. A neutral smell is the best option, but an air freshener is better than a bad one if there are parts of your home that are prone to bad smells.
Next, make sure the bathrooms are stocked with toilet paper, tissues, and clean towels. If yours are getting old, it could be a good time to replace hand towels altogether.
Finally, welcome your guests with a new welcome mat at the front door to make a great first impression.
Want to list your house? Ultimately, you'll want to work with an expert listing agent, i.e. a housing market professional who knows what it takes to get the best price for a residence.
Let's face it – hiring a listing agent can be tough, particularly for a first-time home seller. Lucky for you, we're here to help you streamline your search for the perfect listing agent.
Now, let's take a look at three tips that you can use to find the right listing agent for your house.
1. Learn About a Listing Agent's Background
Evaluating a listing agent's background often serves as a great first step in the home selling process. It allows you to better understand how long a listing agent has worked in the real estate sector and learn about his or her industry expertise.
In most cases, you should have no trouble finding information about a listing agent online. Or, you can always call a listing agent's office for more information.
Allocate the necessary time and resources to learn about listing agent's background. That way, you can understand this housing market professional's experience, education, networking skills and much more and plan accordingly.
2. Conduct a Face-to-Face Meeting with a Listing Agent
If a listing agent looks good on paper, invite him or her to meet with you. By doing so, you can gain first-hand insights from this housing market professional and find out what separates him or her from other listing agents.
Prepare a list of interview questions before a face-to-face meeting with a listing agent. This will enable you to get the insights you need to make an informed decision.
Also, evaluate a listing agent's communication skills and personality. If you feel comfortable with a listing agent after a face-to-face meeting, don't hesitate to hire this individual to help you sell your residence.
3. Get Client Referrals
How has a listing agent helped past home sellers optimize the value of their properties? Request client referrals from a listing agent, and you can receive additional insights into how this real estate professional has supported home sellers over the years.
A top-notch listing agent should be able to provide you with multiple client referrals. Meanwhile, it only takes a few minutes to reach out to a listing agent's past clients and learn about their home selling experiences.
Client referrals can help you accelerate the process of finding the right listing agent. Moreover, they can provide insights into what it is like to work with a listing agent throughout the home selling cycle.
Lastly, be sure to ask past clients how a listing agent approached challenges throughout the home selling process. If a listing agent went above and beyond the call of duty to help past clients overcome myriad home selling challenges, he or she probably will be able to help you do the same.
Selecting the right listing agent may seem impossible at first. But with the aforementioned tips, you can choose a listing agent that will promote your residence to the right groups of homebuyers consistently.
Want to list your house in the not-too-distant future? Ultimately, your house's curb appeal may have far-flung effects on your ability to sell your residence.
In most instances, a house with a dazzling front lawn is likely to make a distinct impression on potential buyers. This home may prove to be more popular than similar residences that are available, and as such, sell at or above its initial asking price.
On the other hand, a home with a messy, cluttered front lawn is unlikely to impress potential buyers. In fact, the front lawn may detract from the home's value, making it tough for a seller to maximize his or her earnings.
When it comes to enhancing your house's front lawn, it may be a good idea to hire a professional landscaper. Because if you have a professional landscaper at your disposal, you can get the assistance that you need to rejuvenate the front lawn of your home and enhance your residence's curb appeal.
Now, let's take a look at three tips to help you find the ideal professional landscaper before you list your house.
1. Shop Around
Many top-notch professional landscapers are available in cities and towns nationwide. If you evaluate assorted professional landscapers in your area, you may be better equipped than ever before to make an informed hiring decision.
Remember, as a home seller, it is important to do everything possible to enhance your house's curb appeal. And if you dedicate the necessary time and resources to find the right professional landscaper before you list your residence, you can improve your house's curb appeal and boost the likelihood of a fast, profitable home selling experience.
2. Ask Questions
A professional landscaper typically is happy to respond to your questions. Thus, you should not hesitate to ask lots of questions to a variety of local professional landscapers to ensure that you can find the right landscaper to fulfill your requests.
Don't forget to discuss your home improvement goals with various professional landscapers too. That way, you can compare and contrast myriad professional landscapers and hire a landscaper who can help you achieve the best-possible home improvement results.
3. Review Client Feedback
Client feedback about professional landscapers usually is readily available, particularly for landscapers who have completed a wide range of successful projects in the past. Therefore, you should search far and wide for client feedback to find a professional landscaper who can match or exceed your expectations.
A simple web search of a professional landscaper may provide you with access to client feedback. You also can request client referrals directly from a professional landscaper to learn what it's like to work with a particular landscaper before you finalize your hiring decision.
Lastly, if you need extra assistance as you search for a professional landscaper, you may want to consult with a real estate agent as well. A real estate agent can put you in touch with first-rate professional landscapers in your area and ensure that you can bolster your house's curb appeal before you list your residence.