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Taking Care of Your Home

The Value of Curb Appeal

When attempting to sell your home, you might be amazed at what a little change in your landscaping can do to make your home attractive to prospective buyers. Even if your home is immaculate on the inside, the buyer’s first impression will be set in stone before they even enter the home. If your bushes are overgrown or your grass needs a good trimming, it can quickly turn away most buyers.

However, one type of real-estate investor makes a habit of looking for homes with poor curb appeal. These are typically flippers who are looking to pay pennies on the dollar, improve the property’s cosmetic value, and double their money in a matter of months. By neglecting your lawn and shrubbery, you not only attract this type of individual, but you also lower your property value.

Creating a lovely exterior doesn’t have to be expensive. Just like you removed the clutter from inside your home, get rid of anything that looks out of place or junky on your lawn. Clean your windows, repaint your trim, rake your leaves, and trim your bushes. Buy some attractive potted plants and arrange them on your front steps. If you can’t judge whether it’s enough, ask your real-estate agent for an opinion.

Your goal is to create a welcoming atmosphere that makes people feel like they’ve arrived a well-cared for home instead of a neglected, vacant property. Without this feeling, they may wonder what else has been neglected in the home in addition to the landscaping.

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Filed Under: Exterior, Real Estate Tagged With: Buyer, Major League Soccer, Real estate broker/agent

Don’t Skip the Home Inspection

 

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Now that you’ve found the home of your dreams and settled on a price that fits your budget, you’re determined to move forward, close the sale, and take possession of the property. Along the way, don’t forget to have the home checked out by a professional home inspector. This step is very affordable considering how much you’re spending, and it can point out any defect in the home from a non-working electrical outlet to a rotten support beam.

 

The home inspector will look at every part of the home from the top to the bottom as well as some parts of the yard. If you want, you can meet him at the home and observe the inspection. Afterwards, the inspector will give you a detailed report showing everything that is currently wrong with the home as well as what may need to be done over the next few years.

 

With this report in hand, you can go back to the negotiation table with the buyer. For each item, they have three choices. They can say they won’t fix the problem, they will fix the defect, or they’ll take a specific dollar amount off the sales price. Depending on how you feel about each choice, it may be grounds to cancel the contract depending on how it was written. If the defect is bad enough, you might want to cancel the sale no matter what. Forfeiting your deposit at this point would still be better than wasting hundreds of thousands of dollars on a real money pit.

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Filed Under: Real Estate Tagged With: Buyer, Inspection, United States

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