Cheryl Fleming, GRI, ABR's Blog
173-1/2 Brigham Hill Rd, Grafton, MA 01536
Ready to add your residence to the real estate market? A home appraisal may prove to be a great first step.
With a home appraisal, you'll be able to understand the true value of your house. This comprehensive home assessment enables an expert home appraiser to evaluate every room in your home. Then, a home appraiser will provide details about your home's strengths and weaknesses.
Ultimately, there are many questions for a home seller to consider after a home appraisal is completed, including:
1. What did the home appraiser discover during the evaluation?
A home appraiser boasts in-depth home maintenance knowledge and insights. As such, this professional will do everything possible to identify problem areas with you home that you can repair before you add your residence to the housing market.
Consider the results of a home appraisal closely. By doing so, you can understand your home's strengths and weaknesses and search for ways to transform your house's weaknesses into strengths.
Also, it is important to establish realistic expectations for your residence after a home appraisal.
If a home appraiser discovers myriad problems with your residence, there is no need to worry. You can always repair these issues on your own or hire home maintenance professionals for extra help.
Or, if you decide not to complete home repairs following a home inspection, you should price your residence accordingly. That way, you can be honest with homebuyers about the pros and cons associated with your home and enable these homebuyers to make informed decisions about your residence.
2. Are there major or minor problems with my house?
What differentiates a major home problem from a minor one? The time and resources required to fix a problem often serve as key indicators about whether an issue can cause major headaches over an extended period of time.
For example, an oven light that has gone out can be replaced quickly and effortlessly. On the other hand, your home's obsolete, inefficient furnace may require thousands of dollars to replace.
Simple home improvements can make a world of difference in homebuyers' eyes. Following a home inspection, you may be able to find a variety of quick, easy and effective home improvement tasks that you can complete to enhance your home's appeal.
Be prepared to complete major home improvement projects as well. Remember, if you finish assorted home improvement tasks now, you may be able to help your residence stand out in a highly competitive real estate market down the line.
3. Which home repairs should I prioritize?
Home repairs should help you maximize the value of your residence. Therefore, you should prioritize home maintenance projects that will help you transform your ordinary residence into an exceptional one.
If you need help to determine which home repairs to prioritize, don't forget that a real estate agent may help you do just that. This real estate professional will work with you throughout the home selling process and ensure you can enhance your residence both inside and out.
A mortgage pre-approval can be a valuable tool for understanding how much you can afford to spend on purchasing a home. It can also make you seem much more attractive to sellers and help to identify any potential problems that may make it difficult to get a loan. In fact, many lenders claim that if a buyer isn’t pre-approved for a mortgage, they will have a difficult time navigating the real estate market. But what does pre-approval really mean?
What is a Mortgage Pre-Approval?
While it can sound like you’ve got a sure thing locked in when you’re pre-approved for a mortgage, being pre-approved doesn’t promise that you’ll be able to secure a loan for the home that you want to purchase. A mortgage pre-approval simply means that a loan officer has reviewed your finances and decided how much money you're allocated to borrow, what you should be able to pay each month towards your mortgage and what your interest rate will be.
Once, you’ve been pre-approved by a lender, you will get a letter that can be shown to sellers. This letter indicates that you’ve already established a working relationship with a lender. This helps to give sellers peace of mind in knowing that you’re serious about putting in an offer on their home, and they don’t have to risk wasting time with a buyer who isn’t serious.
What Are the Benefits of Getting a Pre-Approval?
A pre-approval doesn’t guarantee you’ll get a mortgage but it does offer a few key advantages during your search for the ideal home. It helps to give you confidence while looking at potential properties, as you look at homes that are within your budget. There’s no need to fall in love with a home that you can’t afford. Additionally, it establishes credibility as a buyer, showing that you have your finances under control and can help to put you on the fast-track to closing once you’ve found the perfect home.
Are Pre-Approval & Pre-Qualified the Same Thing?
Unfortunately, no. These two similar real estate terms are not interchangeable. When you are pre-qualified for a mortgage, this indicates that you have given your lender information regarding your income, debts and assets. Without doing further research, the lender then tells you that you should qualify for a certain mortgage. Pre-approval is a much more in-depth process, requiring your lender to verify the financial information provided by pulling your credit history, as well as verifying your income and assets.
36 Chestnut Hill Road, Oxford, MA 01537
Many people believe a green thumb is required to grow indoor plants. Or, they’ll hesitate to add some greenery to their home’s décor because they think they’re too busy to care for them or they don’t have enough space. Fortunately, even if you lack the magic touch when it comes to plants, there are several, even the most novice or “bad luck” growers can successfully cultivate. If you’re looking to add an element of fresh to your house with a low-maintenance indoor plant, here are five good choices, regardless of skill level.
1. Jade Plant
Jade plants require little attention to thrive. All it needs is a small pot to grow in, a little daily sunlight, and water every few days (or even weeks!) when its soil becomes dry. The result is thick luscious leaves that will flourish and add flair to your living space year-round.
2. Cacti & Desert Plants
Cacti and other desert plants thrive naturally in harsh conditions since they love hot spaces and dry heat. They are very low maintenance needing very little water, about once a week during warmer months and once every three weeks during cooler months. One of the great things about these plants is whether you plant one variety, or several different ones together, cacti can add more pizazz to your room or windowsill. A few variations will even grace you with a flower from time to time.
3. Aloe Plant
Aloe is a succulent plant that is pretty and also practical with its healing properties. Durable in nature, these plants require watering about once a week or when their soil becomes dry. It does prefer a good dose of sunlight, so if you’ve got the space to position a small plant pot, aloe is an ideal choice.
4. Spider Plant
If you’ve got a bright ceiling space without direct light, a spider plant is a perfect option as an indoor hanging plant. Spider plants prefer moisture and will suffer if too dry or wet. Just be careful to avoid direct sunlight because the sun will scorch its leaves. Otherwise, this plant is super easy to care for as it only requires occasional watering. Repot the plant about every other year.
Kalanchoe plants are excellent choices if you’re looking for a pop of color in your home. Under the right conditions, it’ll bloom year-round. Native to arid areas, the kalanchoe loves sunshine, low humidity and heat (it needs to be in an environment that doesn’t go below 55 degrees F). To help the kalanchoe thrive, water thoroughly as the soil dries, being especially careful in the winter not to let them dry out.
Indoor plants can add cheer, color, and style to your home. Even if you’ve got a small space or possess limited green thumb skills, there is an indoor plant for you.