home improvements: Dear TZ: What home improvements should I make before I list my home?
- 06/20/17 12:58 PM
Dear TZ, We're going to be listing our home for sale this fall. What can we do now to improve the sale price of our home? ~ Savvy Suzanne Dear Suzanne, You are savvy indeed. Your home will not only sell faster but it will also sell for more money if you do some quick home improvements now. Of course, not all home improvements are beneficial to you from a financial standpoint, but some improvements can make a huge difference in your home. First of all, any broken lights, windows, screens, hardware, etc., have to be repaired. This will not improve the sale price of your home … (6 comments)
home improvements: A "Weekend" Project
- 04/07/15 12:33 AM
Refinishing a hardwood floor is a DIY project that even an inexperienced homeowner can accomplish with a little elbow grease and a small investment in materials and tools. When our daughter moved out, we suddenly found ourselves with an empty bedroom. It had green walls with blue trim and a pale pink carpet. Step 1: Painted the trim bright white. Twice to cover the blue. Step 2: Painted the walls grey. Step 3: Rip up the carpet to expose the beautiful hardwood floors that our home has throughout. Uh oh. Apparently the previous owners didn't value the hardwood floors that we were so in love with. The … (6 comments)
home improvements: What every Homebuyer needs to know about 203k
- 04/16/12 01:28 AM
What is 203(k)? The 203(k) program is the Federal Housing Administration’s program for the rehabilitation and repair of single family properties. It's goal is to revitalize communities and to expand homeownership opportunities. How does 203(k) work? When you buy a home, most mortgage financing is based on the appraised value of the property. If a property requires repair, the homebuyer usually has to obtain financing first to purchase the dwelling and then additional financing (usually at a high interest rate) to do the construction. With 203k, the borrower can get just one mortgage loan to finance both the purchase and the … (20 comments)
home improvements: Applying for a 203(k) loan
- 04/16/12 01:28 AM
So you've decided to apply for a 203(k) loan. Here are the steps in applying for your loan and completing your property rehabilitiation. Step 1 - Choose your property. Step 2 - Preliminary Feasibility Analysis. Once you've chosen a property, you and your real estate professional will make a marketability analysis which includes the extent of the rehabilitation work required, a rough cost estimate of the work, and the expected market value of the property after completion of the work. Step 3- Execute a Sales Contract including a contingency upon the loan approval of your Section 203(k) financing. Step 4 - Select your Mortgage Lender. Call your HUD Field Office … (2 comments)
Hi Allison, Probably you've placed a sign on your front lawn. Buyers won't bother taking down your address or phone number unless the house looks appealing from the street. Here are some things you can do to help make the home more attractive to buyers. Your front yard must be immaculately landscaped. The lawn must be cut and trimmed neatly, preferably on the diagonal. In autumn, leaves must be … (2 comments)
Dear Freddy, Lots of Union County residents are thinking about getting their homes ready to sell. The truth is, some home improvements are worth more than others. Remodeling Magazine and the National Association of Realtors produce a collaborative report on improving a home before sale every year. This report is called the Remodeling Cost vs. Value Report and it compares construction costs … (3 comments)
home improvements: Union NJ Marketing Trends
- 03/18/12 10:00 AM
Union, NJ occupies northern Union County in the area that was called Connecticut Farms in the 18th Century. Nearly 57,000 people live in Union. There are six primary (PreK-4) schools: Battle Hill School Hannah Caldwell School Connecticut Farms Elementary School Franklin School Livingston School Washington School Central Five-Jefferson School serves grade 5, and Burnet Middle School and Kawameeh Middle School serve grades 6 though 8. Union High School serves 2400 students in grades 9-12. While the data shows that total inventory is down in Union, the rate of sales has remained about the same as has the days on market with only minor variations. The … (0 comments)
home improvements: Home Improvements that Increase Selling Price
- 01/30/12 03:49 AM
Spring isn't far off, and lots of Union County residents are thinking about getting their homes ready to sell. Which home improvements actually pay off in terms of increased selling price? The truth is, some home improvements are worth more than others. Does the house have a pool? A fourth bedroom? Marble tile? Hardwood floors? A fireplace? These things typically add to the value for a buyer. Some of the amenities that might increase the sale price might be worth adding to your home in advance of selling it. If you can afford to update your home before you sell it, it … (1 comments)
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