Tag Archives: real estate

4 Home Updates That Will Hurt You at Selling

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4 home updates that will hurt you at selling

4 Home Updates That Will Hurt You at Selling- Updating your home is something that everyone wants to do, but thinking that they will make a positive return on their investment isn’t always accurate. Customized updates might be the best thing for you and your vision, however, they might not be the most practical option. Here are four home updates that will ultimately hurt you when you explore the options of selling your home.

 

Personalization

Personalizing your home might seem like the right idea for you; however, it won’t provide you with a positive ROI. It has the possibility of inhibiting the potential buyer from picturing themselves in your home, and therefore not purchasing it in the long run. To avoid an over personalization of your home, give it non-permanent personalized touches like furniture and accent colors.

 

 

Home Office Renovation

Many homeowners dish out a lot of cash to create their very own home office. Unfortunately for them, that isn’t necessarily an important feature that potential home buyers are looking for. To avoid this costly mistake, make updates to your home office that won’t necessarily be permanent. You want to give the person who buys your home the option of converting the room into a bedroom, or recreational room of their choice.

 

Additions

Additions to your home, like a sun room or additional garage, might end up hurting you in the long run. The extra space has the potential to hook the potential buyer into being a homeowner; however, they will not want to foot the bill of your expensive renovation and expansion.

 

Luxury Upgrades

Any type of luxury upgrade to your existing home sounds like it would be a benefit and provide a positive turn on your investment, right? No, not every luxury upgrade is beneficial. Unless you have a very high-end home, making upgrades like marble floors and custom bathrooms, will likely not pay off in the long run.

 

Customized updates to your home might be the best thing for you at the time, however, it might not be the best option for you to get the best return on your investment. To learn more about home updates that will hurt you when you sell your home, visit here.

Tips To Strengthen Your Credit Score

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Tips To Strengthen Your Credit Score - Rita Boswell1

Tips To Strengthen Your Credit Score – This is always a tricky subject. Just for the simple fact that everyone’s situation is different. To help you out, here are a few tips from Bankrate that will help you move in the right direction…

Watch Your Credit Limit – A way to help strengthen your credit score is to keep the balances on your credit cards low. How much revolving credit you have vs. how much you’re actually using. According to Bankrate, the optimum is 10% or lower.

Reduce The Number Of Cards – This isn’t what you think! This means stop using all of your credit cards. Instead have one or two cards you use for everything. It may hurt your credit score to have a $50 balance on one card and a $30 balance on another. Instead, pay those off and keep to just a few main cards.

Good Debt vs. Bad Debt – Good debt is where you have a long history of repayment records, such as a car loan. Some try to get this removed from their credit report once they pay it off thinking it could be harmful to their score when in fact it can be great for their credit score.

Pulling Credit – When shopping for your next big purchase such as a home, car, etc, these lenders will need to pull your credit score to see what loan options you have. Try sticking to a short time frame when shopping around and pulling your credit score with different companies.

Pay Bills On Time – This might seem obvious but it’s even more important when you are trying to make a big purchase. If you are saving up for a home, don’t pass on paying that electric bill because you need that money for your down payment. Mistakes like this can change your credit score which can effect the purchase of your home.

Don’t Hint Risk – Missing payments or paying less on your credit card than you usually do can hint risk to your card issuer. Taking out cash advances or paying for a divorce attorney can do this as well. Although it doesn’t necessarily effect your credit score, it is still something you should avoid.

Stay Informed – Whether you are looking to make a big purchase or not, it’s still important to know where you stand on your credit report. However, don’t obsess over until the moment comes where you are ready to make that big purchase. Pay your bills on time, keep a low balance on your card and create some consistency. Feel free to monitor your score every four months or so to know where you stand.

With these tips in mind, strengthening your credit score will be an easier process! Do you have any tips to share? Comment to share with us!

10 Reasons To Make Sure A Home Is Inspected Before Buying

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10 Reasons To Make Sure A Home Is Inspected Before Buying - Rita Bosewell1

 

10 Reasons To Make Sure A Home Is Inspected Before Buying – Buying a home is a major investment and can be a lot to take on. Having a home inspection before you buy your new home is one of the key ingredients in the home buying process. Here are ten reasons why you should make sure a home has been inspected by a professional before you buy.

1. It can prepare you for projects you might have to complete upon moving in to your new home. If you’re not able to complete the projects, then the home isn’t for you.

2. Depending on the results of the inspection, you can decide on what to offer for the home. A less than perfect home inspection can often warrant a lower offer price.

3. You will learn about the ins and outs of your new home.

4. It will help you make sure the home you are moving into is safe and livable, for the whole family.

5. It will provide you with the actual value of the home, which in the long run can help you determine how much return you will get on your investment in the future.

6. If you’re in a high-risk area, having a home inspection can let you know if your home is able to withstand earthquakes or natural disasters.

7. You can get recommendations from a home inspector and if you choose to follow them, it could save you a lot of money in the long run.

8. You will have an accurate evaluation of the entire home before you choose to purchase it for you and your family.

9. It gives you a deeper look, past the shiny floors and clean exterior.

10. Above all else, it gives you peace of mind knowing that a professional has given your new home the stamp of approval.

To learn more about why you should make sure a home inspection has been completed before buying your new home, visit here. What do you think about these tips? Have you had your home inspected before buying? Comment to share with us!