If you’re getting ready to sell your home, you know that you need to be able to stage the home in a way that allows potential buyers to seem themselves in this home as well as make it look presentable and beautiful. This may seem as if it would cost quite a chunk of cash to do, but you’d be presently surprised to find out it doesn’t have to! Just follow these simple and cheap tips!
One thing to do is to pack away any personal items. This is simple as well as cheap! This is because a potential buyer needs to be able to envision themselves in this house. This cannot happen if they keep seeing pictures of you all around the house, it can be very distracting.
You also need to clear all your clutter! Basically, you need to pack away most of your home. This is because if a buyer sees the home full of personal items and knick knacks, they may be turned off by the house all together. You want to ensure the buyer focuses on the house itself and does not focus on your personal life. Pack away things in the attic, basement, garage and things off of counters and this will help tremendously.
Make sure that you also rearrange and neutralize all your rooms. Ensure that when potential buyers come into your house, they know that each room has a purpose. Everything should be neat and organized. Also, make sure to paint over walls to give them a fresh coat, and more neutral colors.
In addition, make sure your house is clean and fresh. If your house smells bad and dirty, then no one will want to view it, no matter how organized and neutral the house it. Clean and deodorize the bathrooms, windows, glass doors, basements and ceiling fans.
The last easy thing to do is enhance your curb appeal. The exterior of a house is just as important as the interior of a house. When people come to view your house, the outside is the first thing people will see, and their first impression of the house. Make sure the lawn is mowed, the sidewalk and driveway are free of debris and clutter. You can even pressure wash the exterior of your home and driveway as well.
So, what if you actually own a few properties, but want to rent them out in order to make some cash? Well, if this is what you want to do, there are a few tips you should take into consideration to make sure you are covered as well as your tenants.
One tip is never discriminate against prospective tenants. It is against the law to deny an applicant because of their skin, origin, creed, sex or disability. A landlord can base their decision off of credit history, employment history as well as income. If you are rejecting someone based off of these things, then you need to provide the applicant the name and address of the credit reporting agency. You should also keep written documentation of the reason a tenant was rejected and be consistent with all tenants.
Make sure to put a landlord and tenant agreement into writing to make sure everything is documented. This should include the name of the tenants, length of the tenancy, the security deposit amount, who is responsible for repairs, if the unit is pet friendly and the rent amount. Also, this agreement should include when rent is due and what form of payment will be accepted.
A landlord needs to inspect their property on a regular basis. This is to ensure that no one sustains an injury on the property, or else you may be legally responsibly.
It is also very important to know the criminal activity around the rental area. It is sometimes the landlord’s responsibility to provide protection against illegal activity engaged in by tenants. Also, a landlord needs to protect tenants from other potential criminals as well. Make sure to have deadbolts, security lighting and locks on the windows to help prevent potential crimes from happening.
When entering your occupied rental unit, you need to make sure your tenants are aware, and you are there for a specific purpose. These purposes usually include making repairs or inspecting the property.
As a landlord, it is also your responsibility to make sure repairs are done quickly, and the property is properly maintained. The units needs to have heating, plumbing, electricity and gas.
Once you have finally bought the house of your dreams, you probably think you are finally done and you can relax….you’re almost right! There’s just the final walk-through left to do. This is something that is arranged with your real estate agent about a week before closing. This is done to make sure that the property’s condition has not changed since your last visit.
When you do a walk-through for the last time, there are a few things to keep in mind. This is not an inspection, as this has already been done. When you go for the final walk-through, make sure to bring your contract with you so you can refer to it whenever necessary. Make sure to turn all light fixtures on and off, and ensure that no fixtures have been removed. Check all major appliances and ensure they work, and the same does with the heat and air conditioning. Make sure to turn on faucets and double check for leaks and flush all toilets. Test the garage door openers and open and close all windows and doors.
Next, make sure that there are no spots or more stains on the ceilings, wall and floors. If there were agreed-upon repairs, inquire on the status of those repairs. You may want to turn on all exhaust fans and garbage disposals as well to ensure they are working. Another thing you will want to do, is to look in the storage areas and make sure all trash or other unwanted items are no longer there. Make sure to do a quick check of the yard too.
This should take around an hour for a good last inspection. Make sure to take your time, you want to ensure that the house is exactly what you expected with no surprises.
Searching for a home that’s right for you is a little overwhelming. There are so many different things to think of, and criteria that needs to be met. How is it possible to tell if you may be looking at an overpriced home? There are a few easy ways to find out!
The first thing you can do it to compare what other homes in the area are selling for. This can be done by researching what other neighborhood homes are being sold for and then compare this to the price of the house you are looking at.
Another key thing to look for is to see how many days this house has been on the market. Homes usually sell pretty fast, sometimes days or a week after going to market. If a house has been on the market for a long period of time, this can indicate that it is overpriced.
When looking at this certain home, make sure to look to see if the house is customized and has something unique in it. This may indicate why the price is higher. Some houses may have a tennis court, media room, pool, wet bar or even a bowling alley. This may not appeal to the general public, and may not sell well. Having such amenities also does not necessarily means the home needs to be significantly more expensive than other houses in the area. If you are unsure if the house is overpriced or not, make sure to ask your real estate agent!
Make sure to do your homework! You will want to research the current Real Estate Market, because the current economy has everything to do with the pricing of a home. If the economy is down, then a house can’t be priced as if the economy was doing well. Also, make sure to see if the job creation is moving people to the area you are looking for and what the employment rate is. Job creation and low unemployment indicate that the homes will be higher priced.
Pricing also is determined by the location of the house. If the house is on a main street, near a school or in a low income area this indicate a low price for the house.
Do some research on the house’s history too! If a home has been updated, remodeled, or upgraded then it will be priced higher. Newer appliances, remodeled bathrooms, additional decks will equal a higher valued home. If the case is the opposite, then the price should be lower.
By doing some simple research, you can ensure that the price you are looking at is a reasonable one, or an unreasonable one!