Cheryl Fleming - RE/MAX Executive Realty


No matter how you look at it, putting your home on the market is a life-changing experience!

Not only will it change your future circumstances, but it will have an impact on your day-to-day routine, right now.

If your home is actively being shown by real estate agents, there are a few things you may need to do on a regular basis to make the best possible impression on potential buyers:

Keep it clean: Ordinarily, most homeowners aren't inclined to thoroughly clean their house every day -- or "at a moment's notice." Very few people have the time or motivation to keep their home's immaculate on a constant basis; it's exhausting just thinking about it! However, when your house is being viewed by prospective buyers, cleanliness -- or the lack, thereof -- will be noticed. Although "old habits die hard," it may be necessary to enlist the help and cooperation of your children (and spouse) in keeping the house looking presentable at all times. While it's unrealistic to expect your home to look immaculate day after day, it might be necessary to establish some new rules and standards for your family to follow about picking up clothes, toys, snack wrappers, and food residues. If you can maintain a "semblance of order" on an ongoing basis, then it shouldn't be too difficult to prepare your home for the next showing. While you'll usually get at least 24-hours notice before a house showing is scheduled, there may be the occasional request for a same-day visit.

Appearances count: "Keeping up Appearances" is more than just a popular British sitcom; it's a necessary goal for anyone hoping to sell their home within a reasonable period of time. Doing your best to stage your home in an attractive, inviting way is a key ingredient to a successful home-selling strategy. Setting priorities for curb appeal will also help you put your best foot forward in a competitive real estate market. Although many aspects of home staging are based on common sense and simple home decorating principles, it's difficult to be objective when your family's home is involved. There's certainly a lot of credible information online concerning the benefits of reducing household clutter and leaning toward neutral paint colors, but you can also turn to your real estate agent for tips on enhancing your home's curb appeal, interior appearance, and overall marketability.

Unless the home you're selling is relatively new or completely updated, there are a lot of decisions to make about how much time, energy, and money should be spend on upgrades, repairs, and enhancements. While everyone's situation, budget, and timetable is different, it's usually necessary to correct issues that might be considered a glaring problem or a deal breaker. Sometimes those issues don't come to the forefront, however, until you get specific feedback from agents and prospective buyers.


If you’re buying a fixer upper, whether you plan to live on the property or flip it, there are plenty of things that you’ll need to consider. So you can budget appropriately, below, many of the costs and fees are laid to so that you can see what you’ll need to budget for when rehabilitating a home.



The Overall Costs


The costs that you’ll incur in buying and finishing a home that needs to be rehabilitated are as follows:


  • The team needed for rehabilitation
  • The purchase price of the property
  • The cost of owning the property
  • The cost of selling the property (if you plan on flipping the home)


The Team


The people that you put together to rehab your home will be very important to the entire rehabilitation process. You should take the time to research each person that you’re hiring to be sure that they are a good fit for the job.


Professionals who will be involved in the process include:


  • Lender
  • Attorney
  • Realtor
  • Contractor 
  • Insurance agent
  • Home inspector


You can ask your realtor or other trusted contacts for recommendations. Putting a team in place helps to make the entire, sometimes cumbersome process of house rehabilitation a bit smoother. 


Buying The Property


These costs are pretty standard as if you were buying any other home. You’ll need to pay closing costs, attorneys fees, realtor fees, and more. Costs typically included in a home purchase are:


  • Inspection
  • Purchase price
  • Closing costs
  • Appraisal


You should budget for all of these typical home buying costs when buying a rehab home. 


The Costs Of Home Rehabilitation


This is where things get expensive. You’ll need to first pay a contractor just to consult with them to see how they will create your vision for the property. You could also take another route an consult with a home inspector who has experience in construction. They can give you an idea of what the construction expense will be and what needs to be addressed. 


When you do get to meet with contractors, you’ll want to understand their construction experience and feel comfortable that they can produce the work that you need at a high level of quality.  


Owning A Home


Once you have the home in need of rehabilitation in your possession, you’ll need to pay the typical costs of any homeowner. These include:


  • Mortgage payments
  • Taxes
  • Insurance
  • Utilities
  • Maintenance


Even if you’re not currently occupying the home, once the property is purchased, all of these costs will need to be covered and considered. 


If you decide to flip the property and sell it, you’ll need to consider additional costs including realtor’s fees and other closing costs.  


Image by B. Forenius from Shutterstock

There are some overlooked places in your home that need proper lighting. A good example is a closet. Whether a closet is small or large, proper lighting is essential for safety and good illumination. When building a new space or upgrading an existing one, these tips will help you choose the ideal lighting. 

Safety first

Closet lighting fixtures should be installed at least 12 inches away from where your clothes will be stored. Light and heat from bulbs can be harmful to your clothes especially if exposed for extended periods. Avoid heat issues by choosing LED or compact fluorescent (CFL) over incandescent lights. Using LEDs or CFLs in your closet provides the right amount of light, gives off less heat and saves energy. 

Halogen lights generate a significant amount of heat. They are not suitable for enclosed spaces like closets so avoid halogen fixtures in this application. 

Color temperature

Consider the color temperature of the lightbulbs you select. A color temperature within the range of 3000k-3500k provides bright, white light that is perfect for a closet. Selecting the right color temperature allows you to see the color of your clothes more accurately: no more guessing if your pants are black or dark blue.

Illuminate dark areas

Many closets include shelves and cabinets. Natural light or wall-mounted fixtures may not reach the far corners of these spaces. Consider installing under cabinet lighting to brighten the darker corners. Under-cabinet lighting comes in assorted sizes that can be customized for your closet. LED tape lights offer endless possibilities because of their thin profile and flexibility.

Choosing the perfect light for your closet can make big impact on your space. Keep these tips in mind as you plan your updates. If you do not have existing fixtures, consult with an experienced electrician to help with installation and placement.


Buying a home represents a life-changing decision. As such, you'll want to look beyond the price of a residence as you search for your dream house.

Ultimately, there are many factors beyond price that you should consider as you pursue your ideal residence, including:

1. A Home's Location

For most homebuyers, a house's location is the number one factor when they explore the real estate market, and perhaps it is easy to understand why.

Finding a home in a location that is convenient for you is priceless. And if you know how to conduct a comprehensive home search, you can quickly discover a high-quality home in a wonderful location.

As you prepare to kick off your home search, consider whether you'd like to live in a city or town. This will enable you to narrow your home search.

You also may want to consider homes that are located near work or school. By doing so, you can ensure that you won't have to travel too far to get to destinations that you frequently visit.

2. A Home's Condition

A home may look like a great investment at first, but its condition may have deteriorated over time. Thus, you'll want to take a close look at a house's condition before you finalize a home purchase.

Typically, a homebuyer will complete a property inspection after a home seller accepts an offer on a residence. This inspection will enable a homebuyer to perform an in-depth assessment of a residence and learn about its strengths and weaknesses. Then, a homebuyer can determine whether to move forward with a home acquisition.

If a property inspector discovers myriad issues that impact a home's condition, a homebuyer may want to reconsider his or her offer. At this point, a homebuyer can still walk away from a home purchase. Or, a homebuyer can ask the home seller to complete various home improvements as well.

On the other hand, a homebuyer who falls in love with a house may choose to proceed with a home purchase, regardless of the residence's condition. If you choose this option, however, it is important to consider the potential long-term ramifications of your decision.

3. Your Future

It is paramount for a homebuyer to find a house that he or she can enjoy for years to come. Therefore, a homebuyer should consider his or her future before finalizing a home purchase.

For example, if you plan to settle down and start a family, you may want to evaluate houses that are close to schools. Conversely, if you eventually want to work in the big city, you may want to consider homes that will make it easy to commute into the city day after day.

Don't forget to hire a real estate agent to help you during the homebuying journey too. With a real estate agent at your side, you should have no trouble examining a broad range of top-notch houses that won't force you to break your budget.


This Condo in Bourne, MA recently sold for $142,500. This Detached style home was sold by Cheryl Fleming, GRI, ABR - RE/MAX Executive Realty.


29 G Hideaway, Bourne, MA 02532

Buzzards Bay

Condo

$169,900
Price
$142,500
Sale Price

4
Rooms
2
Beds
1
Baths
Welcome to Hideaway Village! This adorable beachside community condominium is ready to either be enjoyed as a vacation home or utilized as a possible investment opportunity. Step inside and find an open kitchen/dining/living area. This level also has one bedroom and the one bathroom. The lower level has a walk out and is currently set up for the second bedroom. Many recent improvements on this home including a brand new roof, a new heating system, new water heater, new wall A/C's, new refrigerator and stove and new flooring. There is a large Pine Harbor Shed for additional storage and 2 parking spots out front. Hideaway Village has an association beach and park and is conveniently located near both Cape bridges and Cape Cod Canal. Just in time for summer enjoyment!






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