When someone tries to sell their home, they do not always tell the whole truth. Sadly, most of us cannot afford hiring a professional inspector for each property that we view. But don’t worry because a potential buyer like you can do a bit of inspecting yourself and here are indicators showing what house to avoid buying.
Firstly, always look at the neighborhood. Are there many homes for sale and many boarded up shops? Ask people who live in the area whether it is a good place to live. Look at the land as well. If the land slopes downwards towards the property, there is a chance that the foundations have been or will be damaged by flowing rain water. If you notice any bad smells, there is generally something amiss. Next, check whether there are pests. Ask community members of this, as everybody always knows when someone else has pests.
A number of things may also have happened to a property that are very hard to restore. Some of these issues include water damage, pest damage, asbestos, mold and faulty wiring. The issue is that identifying these types of problems can be very difficult. The current owners themselves may not be aware of the presence of these problems. And if they do, it is likely that they will try to keep them hidden. By simply ensuring the property is very clean and no sockets are used unnecessarily, you are not able to see the problems are there. To find out whether these issues are there, you can organize a professional home inspection, but you can also speak to community members. They will be happy to tell you about any historical issues that have occurred in the area. Generally speaking, big issues like pests, water damage and mold happen in more than one house at the same time.
The reality is that you are the only one who can decide whether or not to buy a property. It is also true that if you are looking for a true bargain, then a house with problems is what you are looking for. You do have to ask yourself whether that bargain is worth the potential financial hassle you are putting yourself through. Whether you purchase a property as an investment or as a home, it is always going to be a building that somebody will live in, and you need to make sure that the quality of life in that property can be pleasant and enjoyable. Naturally, you do also have to look at the property itself, but the importance of looking into the neighborhood cannot be denied either. All you really have to do in order to find out whether the property itself is any good is hire a property inspector. When it comes to the neighborhood, however, you need to have a personal feel, something that cannot be achieved by a check box list.
Major Criteria In Finding Selling a Property Described
A lot of people are now investing in real estate so if you are going to sell your home, you must do it today. The only dilemma is that it’s extremely difficult to sell a house.
Many of you have possibly seen articles stating that selling a house is simple or you have stumbled upon advertisements telling you that they’ll be able to sell your house in weeks. You could always lower the price of your home since it’s going to be more desirable to the customers, but this isn’t a good thing to do.
In the real estate market, the supply outstrips the demand, but there are a lot of techniques on how you could successfully sell your home. We will give you a few ideas to efficiently sell your house.
Take note of Curb Appeal
First impression lasts so your house must have a certain impact when a customer sees it for the first time. You should put yourself in the shoes of a customer and assess the curb appeal of your house.
Head out into the streets and have a look at your home to check out all of its shortcomings. You should find out if it is attractive enough for the potential buyers and you should also check everything that should be maintained.
The prospective customer would see the outside of your house as soon as he goes out of his car and many of them always pay attention on how the new house would look like in the outside. You should prepare and fix everything.
Make Some Improvements In Your house
If you want to attract the potential buyers, you must make enhancements in your home. You have to improve the interior and exterior of the house so it will be visually appealing to the potential customers. If you’re going to sell your house, you should check anything that needs to be fixed and make improvements accordingly. Nonetheless, make certain that you will not over improve because there are improvements that will not make a huge difference.
Upgrades can definitely improve the value of your home and its odds to be sold, but you cannot make improvements that will not pay in the long run. You need to make your research and invest in things that will provide the best return.
Start Depersonalizing Your Home
Most folks state that adding lots of design to your interior will make it more desirable to the customers, but it’s a big mistake since personal items, art works and collectibles won’t attract them. You could eliminate all these items and leave out the important furniture to help make the rooms a bit larger. The goal is to enable your customers to visualize themselves in the house.
They will point at the different parts of your home while they visualize what they really want to place there if they opt to buy it. It means that unnecessary and personal items should be removed in the house since it’s going to make it difficult for them to imagine.
Put a Competitive Value For Your house
If you’re planning to sell a home, you should put a reasonable value for the house. It you will actually place a lower value, it’s similar to leaving money on the table, but putting a high price is a not a good idea either as the buyers will overlook it.
In case you are talking about home buying, the buyers will take a look at the houses which are similar with yours and compare the prices. If your property is pricey, they will not have a look at it as one of their alternatives.
You must know that most of the buyers are only relying on home financing so they will not pick a house that is very costly. It’s true that putting a low price will help sell your house quickly, but your investments will not be returned to you.
Choose A Real Estate Agent
If you believe that you could sell your house by yourself, you’re making a mistake. If you are not a professional real estate agent, do not even think about selling your house as you don’t have the experience and knowledge to do so.
If you’ll do it by yourself, it’s feasible that you will not be able to sell your house or you will not get a good deal. You can actually get lucky and find a great deal for your house, buy you can’t always rely on luck with regards to this because we are referring to a huge amount of money.
It’s best to hire an agent and permit them to manage everything. You will have to pay them, but it’s better than acquiring a bad deal for your property.
Before you decide to do anything, make sure that you understand how to sell your property successfully. The real estate industry is really complex so you have to know how it works before selling your house.
When people look at buying a residential property, they often consider a condominium. Many people opt for a townhouse or a single family home rather than a condo. So, is a condo worth the trouble? After all, you have to deal with lots of things when you own a condo that you just don’t have to do when you own a different type of property. Read: Rent vs. Buy: Should I Purchase or Rent a Condo? Here are some of the advantages to owning a condominium.
The first advantage is security. Condominiums generally have gated entries, a doorman, security cameras, and other security measures as well. Just about every entrance (there are usually multiple even once you get inside the gate) is secured and you need a card or a key to gain access. This is usually ideal to someone who lives alone, and likes to have an added sense of security to give them peace of mind.
They also offer lots of amenities. Condominiums are communities. Therefore, there usually are tennis courts, a gym, or a basketball court, or a pool. Condominiums offer amenities that don’t come with a house. See: Rent vs. Buy Calculator – Buying or Renting a House.
Another one of the largest benefits to living in a condominium is that other people do the maintenance for you. They cut the grass and maintain the grounds, they fix the roof, and there are plenty of workers on hand for when your furnace quits. If you’re a first time homeowner, this is a major benefit to living in a condo. Also, condos are usually cheaper than owning a home, or a townhouse, for example. However, there are also downsides to owning one.
As you might imagine, that pool, fitness center, security system, and maintenance crew all cost money, and that money is going to come out of your pocket. Realize, that when you purchase a condominium, you essentially become a business partner in that community. You pay a monthly fee each month which goes towards the upkeep of the property, as well as future investments. How much will you have to pay each month? HOA fees vary widely, depending on the location, size, and quality of your community.
You’ll also have neighbors on the other side of the wall, and neighbors going up and down the hall or grounds at all hours of the day and night. If you’re looking for some peace and quiet around you, a condo may not be the right choice.
Dues go up for everyone else to cover people who don’t pay their fees. This is unfair, and it means you’re stuck holding the short end of the stick.
Condos can be difficult to sell, because they pretty much all look the same. If there are empty units in your building, those are likely going to sell first. For further reading, see: Never Rush into Buying a Condo Unit.
First impressions matter. Any potential homebuyer wants a home that they can be proud to come home to at the end of the day. More than likely, if the outside of the home is not appealing, they won’t want to bother looking inside. Simple changes to the front appearance of your home can make all the difference in getting a homebuyer to consider purchasing your home.
Another great way to decide what improvements should be done, is to stand outside and really take some time to examine it. Pretend that you were about to purchase the house, and had never seen it. What things would you want changed? You can also have a friend you trust stand out with you and give some honest feedback. If you don’t know where to start, here are some great ways to increase your homes curb appeal.
Street Numbers: Changing out your homes street numbers is sure to make a huge difference. Consider choosing a good font, color, and sheen. Make sure you choose a font that fits the style of your home.
Front Door: A freshly painted door is a must. Perhaps you should change it to a hardwood door, or change the finish to glossy instead of matte. Again, you want to make sure that the front door choice matches the style of your home.
Porch Furniture: Porch furniture is a great way to add instant curb appeal to your home. This is because you want the outside of the home to look inviting, and this is a great simple way to achieve that.
Porch Lighting: Lighting is very important when it comes to a homes curb appeal. Consider updating lighting fixtures. Perhaps you should use sconces, a pendant light, or recessed lighting. There are endless choices when it comes to porch lighting, but the important goal is to make sure that the lighting is updated, and matches the homes theme.
Accents: Consider adding a bold accent that immediately attracts the viewers eye. Perhaps interesting fabric on the porch chairs, or a bright front do
Hardscaping: Perhaps your home needs a new driveway or some concrete built-in planters, or a new pathway. While these changes are much more of an investment than the other ideas on this list, they should be seriously considered if your current driveway or any pathways are uneven, or missing altogether.
Side Yard: It is essential to have a kept side yard; perhaps you need to add attractive fencing, clear out any weeds, or add a new pathway to the back yard. Whatever the need be, it is imperative that the side yard is neat and clean.
Front Lawn: The importance of a nice front lawn is obvious. Instead of having a bare front lawn, consider planting fresh flowers. This will, again, make the home look more inviting.
Selling any home can be challenging, depending on the market. But if you have an old home and want to appeal to buyers in their 20s and early 30s, you may need to take some extra steps. You’ll need to showcase the features that have the most appeal to young couples and families. The following pointers won’t cost a lot of money, and they could reap you an early offer.
Pre-inspect your home. One of the most difficult decisions for home sellers is to figure out how much to spend on home improvements before putting the house on the market. An inspection will help determine if there’s anything that absolutely must be done before putting the house on the market.
In addition to a general home inspection, you should consider getting the heating and air-conditioning system cleaned and inspected, as well as having septic systems pumped.
Buy a home warranty. Sellers buy home warranties that cover repairs for the systems (electrical, plumbing, heating and cooling) and appliances in the home. Most home warranties are available as one-year policies and provide coverage while the property is on the market and after the closing. A home warranty costs around $300 to $400 and reassures buyers that they won’t be faced with a major repair expense in their first year of homeownership.
Offer a possible expansion or renovation plan. Younger buyers don’t always realize that everything they see can be changed with a renovation. Sellers can pay for simple drawings that show some renovation options that would work well with the home’s configuration and its lot. See: So You Think You’re Ready to Be a Young Homeowner.
Provide renovation-loan information. Mortgages are available that allow homebuyers to borrow money to buy the home plus money to pay for renovations. The most popular renovation program is called the FHA 203(k).
Offer a credit for repairs. Sellers don’t always have the money or the energy to make repairs themselves, and besides, some buyers will want to do renovations their own way. While repair credits are often part of the negotiating process, if you know some things will need fixing, let them know upfront.
Lighten and brighten your home. Homes that were built decades ago are darker with smaller windows, so to compensate for that, you need to remove the heavy window treatments and clean the windows to make sure as much light as possible is coming in. Use the brightest light bulbs you can and update your light fixtures. Trim shrubs covering windows, remove old carpet from hardwood floors and remove dark, heavy furniture. For further reading, see this article on the 11 Must-Haves to Sell Your Home to Young Professionals.
You only get one chance to make a first impression on a buyer. This is why home staging is so important. Practically every home could use a little redecorating before it is listed on the market. Can’t afford a decorator? No big deal! There are so many outlets available to the masses that can teach you where to start, and how to see the project from the beginning to the end.
The point of staging is to accentuate the best features of the home, and minimize the flaws. You want the buyer to feel like they could really live in your home. Do this by making the atmosphere a neutral setting. Here are some wonderful DIY tips on how to home stage on a low budget.
The first pointer, is to clear out all messy spaces! This especially includes closets. When staging, spent your time focusing the most on the most visible areas, which will include the entryway, the kitchen, the living room, the bedroom, and the sitting room if you have one. When and if you have time or money leftover, then you can move into other rooms such as guest bedrooms, the dining room, or parlors, for example. See: 10 Keys to Home Staging on a Budget.
Be sure to take out anything in the house that “screams you.” This include family photos, refrigerator magnets, any collector’s items. Buyers don’t want to see “you” in the house. It makes them feel like an intruding guest, which is the opposite effect that you are going for.
Be sure to use colorful flowers to brighten any spaces, and to add pops of color. Read interior design books to give you great ideas. Scour the internet for even more pointers. Be sure to clean out all of your drawers, including the lint and dirt in them. Buyers don’t want to see dirty junk drawers.
Make sure the yard is in excellent shape; this means you’ll need to weed the grass and pathways, sweep the driveway, and get rid of all of the leaves on the front lawn. Buyers will naturally assume that if you neglect the front yard, that you probably neglect the inside of the home, too. And, can you blame them?
Do not forget to incorporate natural light into the home. If you have shades, and drapes, open them all the way so that buyers can see how spacious the room is, and how much light comes in. No one wants to look at a dim, and gloomy house. Change all bulbs to LED, as they shine brighter. Don’t be afraid to ask a friend to give you an honest opinion on what they think you should change in order to get the house ready for sale. For further reading, see: 30 Cant-Miss Home Staging Tips.