Most condominiums and townhomes—as well as many detached homes—are located in communities governed by homeowners associations (HOAs). Often managed by a board and/or an independent property management company, HOAs collect fees from residents to provide maintenance and other services for the community. If you are thinking about purchasing a home in an HOA, here are a few important things to know about:
The HOA’s monthly fees—and what they cover. On average, HOA fees can range from $150-850 per month and cover a variety of services. For instance, most HOAs handle maintenance and landscaping of common areas, but others may include the upkeep needed for a pool, fitness center, sports courts, or walking trails, in addition to services like security or a concierge. Some HOA fees also cover month-to-month costs such as cable or trash and sewage removal. However, since these fees may constitute a significant portion of your monthly budget, it’s important to understand how much they are and what they cover before making an offer on your new home.
The financial health of the HOA. Despite collecting fees, some HOAs may still be underfunded. To get a better idea of the HOA’s financial health, request a copy of the financial records made available to homeowners, and pay particular attention to how often dues are typically increased.
The Covenants, Conditions and Restrictions (CC&Rs). Most HOAs impose rules on homeowners, commonly referred to as the CC&Rs. These can touch upon various aspects of living in your home, from the types of pets you can own to the colors you can paint your house to how many vehicles can be parked in your driveway. Researching how restrictive a community’s CC&Rs are before signing on the dotted line can help ensure that you will be happy and comfortable in your new home.
Learn about Hidden Costs of Buying and Owning a Home here.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contacting Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Summertime is most people’s favorite vacation period. Sometimes whole neighborhoods become deserted with everyone on a trip somewhere. Buying a home during summer can turn out to be a better option for you. The reason is the factors that are specific to this time of the year. Keep the following in mind to benefit from all the advantages of summer home shopping.
Summer offers a good time to check out neighborhoods
Your new home is not the only thing you should consider when you intend to relocate. It is also important to check out the neighborhood. Buying a home during summer is particularly suitable for that since most of your potential neighbors will be on vacation. It is a little funny when a new guy walks around the area staring at people’s yards. You don’t want the people living there to think your intentions are malicious. Use these holiday months to roam around your future neighborhood more freely and maybe even take some pictures. The schools are on break as well. You can go check that out without being mistaken for a suspicious stranger.
Also, there is a good chance that the people who have put their homes on the market are also on vacation. Without the owner around, you can take the opportunity to make a more detailed inspection of the house or a condo you are viewing. As you know, there are certain things home sellers are required to disclose by law, but the rest you can make sure you don’t miss by taking a good look at it. And finally, there’s a good chance the real estate agent will tell you more about the property when the owners are absent.
Buying a home during summer allows you to check out the neighborhood in peace.
In summer, days are longer, so there is more time to see the property
Summer is a time when days are longer. It has been scientifically proven that people’s natural energy levels are directly related to the amount of sunshine they get. With that in mind, in summer, it is more likely that the sellers will find it acceptable to have people over on their property until later in the day – simply because it is still daylight. That gives you more time as a buyer when the property is available for you to see.
This may seem like an irrelevant thing to you. Yet, for those working long hours or having a tight schedule, purchasing a home in summer may be more realistic than when the viewing period is shorter. One of the experts from a moving company Beltway Movers, says that many of the people he worked with find it important that every aspect of buying a home is adjusted to their long working hours. Moving into a new home as well as viewing it is much better to do in daylight when the visibility is higher. With that in mind, these particular clients find that buying a home during summer is better suited for their tight schedules.
Take advantage of the fact that there is less competition
As previously mentioned, summer is a time when most people choose to travel somewhere. The absence of potential buyers leaves agents with more time to devote to those that are present. This means if you are viewing a condo or a house, your agent will be able to answer more of your questions. You can even take this chance to discuss the situation on the market and get very useful advice and information. It is vital that you ask all that is of interest to you during the home viewing, so there are no nasty surprises later.
Another crucial thing is that with fewer people around, there will be fewer offers made. You will have a higher chance of getting the home of your dreams for a reasonable price because of that. If you notice there aren’t many people interested in that particular property, don’t wait too long with your offer. It may just be temporary until the vacations are over. Generally, smaller demand generates lower prices, and fewer offers create higher chances that yours will be the most favorable.
Relocating in summer can be done more easily
Moving is never an easy task, especially if your new hometown is on the other side of Virginia. It is always a good idea to hire professionals who will give a helping hand and get you through this complex process smoothly during any season. Nevertheless, there are several reasons why making a big move in the summer is a better idea than at any other time of the year.
The school year is over. Moving when your kids have lots of school activities and disrupting their routines is a nightmare for any parent. Summer offers a solution for that in the form of the end of a school year. Your kids can even help with the move too. Also, enrolling in a new school is better at the beginning of a school year than in the middle. Being a new kid in class is easier than being that new kid who also has to catch up with the classes as well.
The weather is favorable for transportation. Driving a truck full of stuff is easier to do on dry roads. Naturally, they are more common in summer than in any other season. For example, wet and icy roads are often present in fall and winter. Those conditions are something truck drivers dread.
The yard sale is more efficient in summer. Your curb appeal is outstanding in summer. If you intend to organize a yard sale, summer might generate more profit for you.
Consider these reasons seriously. They can make a huge difference between a stress-free relocation and a tedious and nerve-wracking endeavor.
Summer as a holiday season is a good time to move as well
If you are buying a home that is not in your hometown, turn it into a fun trip
Speaking of relocation, aren’t you curious about the attractions and fun activities your new hometown has to offer? As you know, summer has a way of turning even the dullest of places into exploration-worthy areas. Typically, there are more interesting outdoorsy things to do in summer than in any other season. We advise turning this rather business-like activity of viewing potential homes into a trip for the whole family. Whether it is going to be a short break in your future hometown or a more extended staycation of a sort, you have the opportunity to approach buying a home during summer as a holiday with one obligation only and lots of enjoyment.
Those that are viewing a home outside the city they currently live in can turn the experience into a fun family trip.
Final thoughts
Buying a home during summer can be a delight. Use all that long sunny days have to offer in Orange County, for example. As we have seen, shopping for a home in this mainly vacation-oriented season has many advantages. You can even merge buying a home with your own fun family traveling if your new hometown is on the other side of the country. Whatever you choose to do, we are sure this is a part of the year when you will find what you are looking for.
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
In a competitive market, you want to make sure you’re doing everything right when it’s time to buy a new home.
Stability with your employment and finances is super important, so don’t make any sudden changes.
Don’t skip out on working with a buyer’s agent—an experienced real estate agent is an invaluable partner.
Buying a home is an exciting and sometimes nerve-wracking experience. In addition to finding the right place, you also have to find the right mortgage, and with low inventory in many markets and rising home prices nationwide, securing your dream home can be a challenge if you don’t make the right decisions when preparing to buy. Here are five of the most common mistakes you should avoid when buying a home.
1. Don’t open or close credit accounts
Because mortgage lenders check your credit multiple times throughout the homebuying process, it is crucial that you do not open any new lines of credit or close any existing lines of credit. Doing so can lower your credit score and increase your debt-to-income ratio, both of which are reasons for a lender to deny approval.
It is always a good idea to pay off an existing line of credit, but closing the account removes that credit history from your report. Credit reporting bureaus use your length of available credit to generate your score, so leave your account open and active, but don’t use it until after closing.
2. Don’t switch jobs
The most important thing that mortgage lenders look at when considering pre-approval is an applicant’s employment stability. Typically, they want to see two consecutive years of uninterrupted income for approval. Any changes to employment status can signal that the loan may not be repaid—it can be a significant red flag that can derail or delay your closing. Make sure to tell your lender right away if a career change is unavoidable or if you do not have two consecutive years of verifiable income.
3. Don’t shop for homes you can’t afford
Typically, most prospective homeowners can afford a mortgage between two and two-and-a-half times their gross annual income. An easy way to think of this is not exceeding more than 30% of your income.So, if a lender tells you that you can borrow a lot more than that, you should probably find a new lender because your monthly payments may not be manageable if you max out your loan. Use a mortgage calculator before you visit with a lender to help you estimate monthly payments.
Also, consider that homeownership comes with additional expenses you will need to save for, like maintenance, repairs, insurance, property taxes, homeowner’s association fees (if applicable), and other unforeseen costs. The last thing you want to do is stretch your monthly budget to cover your mortgage, which will eliminate your liquid cash flow for your other financial obligations, like car payments, student loans, and your savings goals.
4. Don’t skip the inspection
Waiving a home inspection can be a costly mistake, and unless you have extra cash to fix up a home, you are gambling with the cost of unforeseen repairs. Home inspections find potential critical issues with the structure and integrity of a house, such as cracked pipes and water damage. They are built into the home buying process to protect the buyer’s investment.
Paid by the buyer and non-refundable, the home inspection fee is a small price to pay when considering today’s costs to replace a furnace, water heater, roof or other costly items.
Without an inspection, you will have no recourse if a significant issue surfaces after you close on your home. So when you make an offer on a home, include a home inspection contingency that gives you a penalty-free exit from the deal if a major issue is unresolvable before closing.
5. Don’t forget to hire an agent!
Searching for a home on your own is both time-consuming and complicated. That’s why the help of a professional, experienced real estate agent who knows how to navigate the market will guide you to make the best investment of your money.
Also, if you go to showings without a real estate agent, a seller’s agent may offer to represent you. This can be risky because that agent’s goal is to get as much money for their client as possible from you, the buyer. In addition to helping you negotiate, a qualified real estate agent will have access to home listings before the general public becomes aware of them.
Best of all, the cost of enlisting an agent won’t come directly out of your pocket. Instead, the seller typically pays it to the seller’s agent, who splits the commission with the buyer’s agent!
Do Find Your Real Estate Team Today!
When it comes to buying a home, there’s a million little details to keep track of. Work with an experienced real estate agent to help you navigate the entire process, avoid pitfalls, and get you the home you’ve been dreaming of. Contact us today to get started!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
House buying is always an exciting process. Stressful but still exciting. The feeling of owning a property you can call your home is indescribable. Therefore, in this article, we chose not to pay attention to numerous homebuying myths, such as that buying a house at 60 years old isn’t a good idea. Instead, let’s focus on how you can fulfill your wishes now that you are financially stable and plan out your retirement. The following article shares tips for buying your first house after 60.
Tips for buying your first house after 60
Moving homes, even if you were a renter for many years, brings significant changes. Thus, it can be difficult, no matter what your reasons are. For example, you might want to buy your first house because now is the right time or be closer to your family.
For whichever reason you are purchasing a home, you can do a couple of things to make the transition seamless. For instance, hiring a professional realtor to find the best match for you and then hiring a moving company skilled at senior relocations to assist in this process is of extreme value. Then, with the right people on your team, each home buying and relocating will be as easy as possible since they have your best interests in mind.
So, without further ado, let’s look at the tips for seniors on their first homebuying adventure.
1. Hire a realtor
First things first, you need to hire someone professional to lead you through the process. It’s worth keeping in mind that there’s a difference between a realtor and a reliable realtor. Also, you’ll want to make sure the one you end up hiring has credentials, so don’t be shy to ask them about those.
Caption: Hiring a Senior Real Estate Specialist is beneficial when buying your first house after 60.
Alt tag: a realtor with a happy senior couple
If your agent is also a Senior Real Estate Specialist, that can only mean they undoubtedly know what they’re doing. This means they have completed training to specifically help people in the 50+ range successfully buy a home.
2. Check your mortgage options
As a senior, you might have saved up enough money and decided to buy a house and pay in cash. It is an excellent idea if you are not tying up all of your money in the home. Additionally, paying in cash will make you a competitive buyer in the market.
On the other hand, buying a debt-free home isn’t a must. Purchasing your first house after 60 with a mortgage makes your assets liquid. You can still qualify for a competitive mortgage in retirement.
Finally, it would be wise to check with your bank or credit union if mortgage insurance is worth the cost of the premiums. It would be good to have this one, especially if you are risk-aware.
3. Understand your needs, don’t just go for what looks good
The houses you will consider greatly depend on your living situation, income, and plans. However, it would be wise not to be influenced by the property’s floorplan, size, convenience, or location. Instead, you will need to evaluate things differently as a senior buyer.
For instance, large houses might be appealing. However, you might quickly become overwhelmed by all the space you have to maintain after some years pass.
4. Consider the future when buying your first house after 60
As a senior home buyer, your future will be focused on taking care of yourself instead of your children and family.
Therefore, it would be a good idea to look for homes that can easily be remodeled. For example, you might want to look into houses that can be equipped with handicap-accessible features, such as ramps, lower countertops, and doorways.
At a minimum, a home appropriate for aging-in-place should have complete first-floor living with a wide doorway (wide enough for a wheelchair), ideally a step-free entrance, and be close to public transit and community resources.
5. Understand your budget
Apart from your monthly mortgage, you need to be aware of all the other costs. Some of the everyday expenses are:
property taxes
utilities
car petrol
medical bills
groceries
some other debts you might have
any potential repairs and miscellaneous expenses.
It would help if you considered all of these factors when home shopping in your sixties.
Caption: You will need to think of all the expenses before committing to a home purchase.
Alt tag: a man’s hands stacking up on three piles of coins
6. Be realistic about your future health needs
When talking about finances, it would be good to consider what they will be like ten years from now. What type of needs will you have then? If the need arises, will you have the means to hire in-home caregivers? Will you need someone to transport you somewhere or take care of your lawn for you?
Even though we don’t think about the future in this way, it’s wise to be realistic when deciding on such a big step. The seniors who have a strong support system from their children and family don’t have much to worry about. However, sometimes the help of a loved one isn’t enough. For example, your house might need a professional repair, like converting your home to be wheelchair accessible.
Therefore, it would be good to think about your finances in the future and how you will cover some unexpected expenses.
7. Determine your relocation
Finally, once you find the right home, the work isn’t done yet. The moving still awaits. The relocation specialists from Zippy Shell Moving and Storage NV recommend looking for a reputable company with experience in senior moving. Professional movers have the tools and expertise needed for heavy lifting, maximizing packing space, and transporting the items while ensuring safety.
Additionally, you can be in charge of handling your smaller keepsake items if you wish. However, the heavy lifting is best left to a professional to reduce any injury risks to yourself or your things.
Caption: Once you relocate, you can enjoy the process of giving the house your personal touch with your spouse.
Alt tag: buying your first house after 60 means stability and more quality time with your spouse
Final considerations
To summarize, buying your first house after 60 isn’t impossible or that difficult. With the right people on your team who know all the tricks on homebuying, we are sure you will find a home suitable for you, your financial situation, and your future plans.
Meta description: If you’ve rented your whole life and now want to have a secure place to grow old at, here are the tips on buying your first house after 60!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
In today’s hot market, it’s more important than ever to choose the right agent to help you buy or sell a home.
Real estate agents don’t just offer local expertise—their insider knowledge and marketing prowess come in handy, too.
Thinking about making a move in the new year? Contact us to start planning now!
Here Are the Top 10 Qualities Every Successful Real Estate Agent Should Have
Did you know that 75% of buyers and sellers work with the first agent they meet? It’s true—but that doesn’t mean it’s the best decision. If you want to come out on top in today’s competitive market, experts often recommend interviewing a few candidates before settling on the right real estate professional for the job. And if you’re not sure where to start, we’ve outlined 10 qualities of a highly successful agent.
They keep up with the latest sold data
Whether you’re buying or selling a home, you’ll want to keep up with the latest sold data for your neighborhood of choice. Sold data reports consist of homes that recently sold in your area, as well as their final prices. Not only do these numbers help sellers determine an accurate list price, but they can also be used by buyers to gauge an area’s affordability. A top-notch agent should be willing to provide you with up-to-date data every step of the way.
They know what’s happening in the real estate market
It’s hard to know what the real estate market will look like next year. But with careful forecasting, a local agent should be able to provide some valuable insight. Agents can educate buyers and sellers on everything from price fluctuations to mortgage rates—just make sure they’re using accurate data to back up their predictions.
They’re social media savvy
Nowadays, home-buying and selling primarily happens on the internet. According to recent research, over 95% of buyers start searching for properties online, which makes it imperative that agents maintain an active presence on their social platforms. Be sure to ask your agent about the virtual tools they offer buyers and sellers, such as access to the MLS, social media promotion, and paid advertising. Bonus points if they have their own website, too!
They have a network of contacts
When it comes to buying or selling a home, it truly takes a village. A well-connected agent can refer you to their network of local contacts, such as plumbers, landscapers, lawyers, and so much more. You’ll rest easy knowing that you can trust their recommendations for local service providers!
Their referrals are positive
If an agent provides legendary customer service, their past clients are more than willing to leave positive feedback—or even refer them to their loved ones! Ask your potential agent about their reviews, or take a look online to see what previous buyers and sellers have to say about working with them.
They’re punctual
This one should be a given! The current real estate market moves faster than ever before, which makes punctuality an even more important quality than usual. If your agent is on-time (or early!) to your appointments, you’ll know they’re treating you like a priority.
It’s easy to get in touch
Keeping in touch is key when it comes to real estate, so you’ll want to share the same method of communication as your agent. Tell your agent from the beginning whether you prefer to text, email, or talk on the phone. Not responding in a timely manner is a big red flag.
They’re shrewd negotiators
Buyers and sellers alike should look for an agent with top-notch negotiation skills to get them the best possible price. And if you want to evaluate a real estate agent’s prowess, just ask yourself this question: how well did they negotiate with you to win your business?
They’ve built their own brand
Real estate agents don’t just help you buy or sell a home—they need to be expert marketers on both sides of the transaction. Solid branding can help agents rise to the top of the competition and build a reputation that people rely on, trust, and recognize. Exploring an agent’s social media and website can give you a good idea of their personal branding strategies.
You get along with them
When you’re trusting someone with one of your biggest investments, it’s crucial to get along on both a professional and personal level. If you can’t have difficult conversations with your agent—or if you don’t get along with them—consider going with another candidate. Personality can sometimes trump experience!
Find the Right Agent for Your Move
Ready to start planning your 2022 move? Now is the time to find the perfect agent for the job! Contact us today to learn more about what we bring to the table, or explore our other resources to get a head start on buying or selling. We’re always here to offer superior service throughout every step of the transaction!
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your Real Estate Advisors for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, Pat will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available Lake of the Woods properties, please visit our site.
Millennial homebuyers approach home purchases very differently from their parents and grandparents. A modern generation is busy, environmentally conscious, and tech-minded. However, some current housing preferences echo past generations, such as updated bathrooms and kitchens. Still, they have many other features on their priorities list. Here are the home features that millennial homebuyers want.
Low maintenance
Nowadays, people are busier than ever before, so they don’t want to spend their free time keeping up with home issues. More and more millennial homebuyers are looking for homes that require little or no maintenance and home amenities that are quick, efficient, and long-lasting. Popular low maintenance materials are hardwood floors, granite countertops, etc. This generation requires something that looks modern and something easy to wipe up and mop down quickly. Many millennials are families with young children, so they need something convenient more than anything else. They will look for a new roof, new windows, and high-efficiency HVAC systems.
Updated kitchen and bath
Brand-new fixtures in the kitchen and bathroom are essential for millennial homebuyers. Many of them have limited budgets, so their savings will go towards a down payment and furniture. That’s why home updates are critical to them. They need a sense of comfort, but they also opt for “trendy” designs. A kitchen that fits a millennial’s needs is stylish and updated with integrated appliances. Two sinks, lots of cabinets, and a big kitchen island for food preparation and serving will catch the eyes of modern homebuyers.
Renovated kitchens and bathrooms not only catch the eye of a young homebuyer, but they are also among features that make the home sell faster, in case they decide to do it later.
Renovated kitchen and bathroom are among the home features that millennial homebuyers want.
Modern and smart amenities
Millennials look for tech-savvy homes and high-functioning amenities, such as dishwashers, washers, and dryers. Home automation and voice devices pique their interest. They are a generation that grew up with technology, and it will always be an integral part of their lives, integrated into their homes. The ability to interact with a home from a smartphone is becoming common. Automated security, smart heating and cooling, and smart lights are among the home features that millennial homebuyers want.
Energy efficiency
Millennial homebuyers focus on environmental sustainability and decreasing energy costs. That’s why green homes are so popular among modern homebuyers. Energy-efficient features are very important for an environmentally conscious generation. A Home with energy-efficient appliances, double-paned windows, LED lights and a programmable thermostat is something they wish for. They are ready to pay more because they know energy-efficient features save their money in the long run. They will eventually save a lot on utility bills.
Home office
Working from home is increasingly common, so working from the kitchen table is not good or a long-term solution. Millennial homebuyers seek designated office space, where they can be concentrated on work tasks, away from any household distractions. Professional couples who make a living from the home list a home office among their top priorities. Even if the homebuyers don’t work from home, in the well-connected world we live in, it’s good to have a nice and comfy place to sit and focus on daily chores or just relax. Some prefer to play computer games, some will pay the bills online, and everybody writes emails and video chats with their friends. That’s why a home office is a crucial part of what young professionals are looking for in a house.
A home office should also have enough adequate outlets to power up necessary mobile devices. Good wireless service and the internet are an absolute must when it comes to home features that millennial homebuyers want.
Millennial homebuyers seek designated office space as more and more people work from home.
Open concept
In recent years open spaces have become prevalent features – a kitchen well-connected with other areas instead of a formal dining room. Modern home buyers want to cook, socialize and watch TV or listen to music, all at the same time. An open concept is a trend that will continue to be popular for generations to come because of the modern way of living. Open spaces encourage family gatherings and entertaining; they are both social and practical.
Laundry Rooms
Millennials wish to have a separate, well-defined laundry room, with some shelving or a folding table. No more stumbling over piles of laundry. Home laundry is one of the top home features for 2021.
Storage matters
Millennials are looking for separate storage spaces, such as:
Spacious closets
A spacious garage
A walk-in pantry
Rooms need to have space for some creativity and expansion; they need to be multi-functional. If a millennial is not satisfied with current home conditions and has enough money for some updates, they will decide to do some basic renovations to make a new home more up to their needs and lifestyle. If the house doesn’t have as much storage space as it should, a homebuyer may decide to make some changes.
Before renovations, renting a storage unit is an excellent option to keep their belongings out of the way. No matter how minor the remodel, it will imply some dirty work and require clear space. So, they can simplify the process by doing this. While their items lay safely in a secured storage unit, the renovation process can go smoothly and stress-free.
Outdoor spaces
Functional outdoor living spaces rate high on the homebuyer’s priorities list. A simple patio may not be enough for a modern generation’s needs. Today’s homebuyers wish to have a pool, outdoor fireplace, comfy lounge chairs, and even a cozy hammock where they can take an afternoon nap or read a good book. This trend is popular both for the cities with mild weather as it is for those who have only a few precious summer months.
Homebuyers want to have functional outdoor living space for relaxing with their friends and family.
Pet-friendly home
A large number of millennials own at least one dog or a cat. They are looking for houses with backyards, sturdy fencing, and shade trees where their pets will be happy.
Enough space for a family
At the top of most millennials’ list of must-haves, you will also find – enough space for starting a family. They want their home to be comfortable, safe, and kid-friendly.
Dealbreakers
There are few dealbreakers for millennials when it comes to buying a home. Those are usually the features that come with the risk of needing more cash to fix later. A list of dealbreakers includes leaky roofs, foundation issues, or mold, pest, and insect infections. That’s why a home inspection is crucial to make the right choice when buying a home.
Conclusion
Home features that millennial homebuyers want are essential to the real estate industry. So, when marketing your home to millennials, think about all these factors. Understanding homebuyers’ needs may significantly help someone sell the house quickly, which is in everybody’s interest.
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Northern Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com
Welcome to pristine 21468 Glebe View Drive, an elegant and stately home in sought after Broadlands, where pride of ownership throughout is most evident! You will be delighted when you arrive by the curb appeal and lush yard…and that’s just the beginning of how fabulous this home really is. As you enter, you immediately notice the two story foyer with sweeping staircase and gleaming hardwood floors. Perfectly situated off the foyer is a formal living room with ample windows, creating a bright and airy feel that flows so effortlessly into the formal dining room, separated by stunning architecture. The gourmet kitchen shines with upgraded stainless steel appliances, granite counters, a large island, and eat in area.
You will be wowed by the gracious family room with floor to ceiling stone fireplace. The study/office completes the main level with french doors, and plenty of light. The owner’s suite is one of grandeur with it’s generous size, walk in closet and tray ceiling. Luxurious best describes the owner’s bath with soaking tub, vanities, and you will feel like you are at a spa. The upper level boasts three additional bedrooms and another full bath. Entering the lower level, you will be impressed by the recessed lighting and abundance of windows that create the main level feel. The incredible bar with no expense spared, family room and game area will make entertaining a breeze. Your spectacular expansive deck open to a beautiful tree lined yard. These will be favorite spots for entertaining or relaxing! Again…welcome home! For more information on 21468 Glebe View Drive, Click Here!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Northern Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com
Nowadays, Millennials are the fastest-growing generation of consumers in Virginia and the whole of the US. If we look at the statistics, we learn that those born between 1980 and 2000 are tough to sell to. However, one of every three homebuyers is a millennial. And the figure is set to explode in this decade. Therefore, the only thing you really need to know is what Virginia young professionals are looking for in a house if you want to expand your buyer pool and interest them into considering your property.
In this article, we’ll tell you everything you need to know. Firstly, it’s important to mention that there is more than one approach here. Young professionals are aware that there are many reasons why buying a vacation home in Virginia is a great investment. Therefore, you can try to appeal to those looking for a holiday home. Or, you can stick with people who want to live here full time.
Whichever way you choose, it shouldn’t be hard to use the information we’re about to give you. So, sit back and learn what you need to concentrate on.
Updated kitchen and bathroom
We all want to buy a house that has a new kitchen and bath fixtures. However, this seems to be much more important for young professionals than anyone else. As the experts explain, these people are budget-conscious buyers, which is why this is crucial to them.
Most of their budget goes toward down payment and furnishing. And with the kitchen and bathroom being the two most expensive parts of the home to update, they don’t want or can’t afford to deal with them.
On the other hand, you need to be careful with remodeling these two features. Unlike a new roof or plumbing, these fixtures are a matter of taste. So, you can’t be sure that the potential buyers will like it. But, if you manage to do something they like, it won’t be long before you need a reliable moving company like Allstate Moving and Storage to relocate you out of your, now sold, house.
Kitchen and bathroom fixtures should be new when selling to millennials, but try to concentrate on the functionality. Alt tag: A man and a woman in the kitchen talking about what Virginia young professionals are looking for in a house.
Good location
Young buyers have experienced some things that their parents didn’t when they were the same age. And “these things” include high gas prices and high-volume traffic. These are the reasons why they tend to see location a lot differently from their parents.
In cities, they are looking for places that are in close proximity to public transport and pleasant for walking. However, in rural areas, the priority is on entertainment options. So, it certainly helps that there are many exciting things to do in Orange County, Virginia. Remember that rural areas are usually attractive for buyers with children. Therefore, make sure to stage your house correctly because people looking at it should be able to imagine themselves living there as soon as they walk through the door.
Low maintenance
The next thing on our list of what Virginia young professionals are looking for in a house is low maintenance. What this means is that low-upkeep features like wooden floors and granite countertops are the things that can get you a sale. Anything that is relatively hassle-free and still attractive is always a great bonus with this generation.
Take a look at this example to understand better what we’re on about. You see, when you’re moving locally in Virginia, you always make sure your belongings arrive safely to a new location, right? Well, the younger generation you’re selling to would probably rather dispose of everything they already have and buy new things when they get to a new house. Millennials grew up watching their parents spend weekends repairing things and doing chores, and they want to avoid that at all costs. They don’t want to do that stuff, and you should provide them with that opportunity.
Wooden floors are much more resistant and easier to clean; that’s why young buyers love them. Alt tag: Dog sitting on the floor.
Home office
According to US Census data, more than 13 million Americans work from home. And if you factor in all the recent developments regarding the COVID-19 outbreak, it’s clear that this number is a bit higher nowadays. Additionally, it seems that the trend of working from home won’t stop any time soon, so it’s clear why having a home office is so important for many buyers.
These rooms have vast appeal. However, it’s also essential to present them in the right way. Most agents will point out that you can use this room as an office or other flex living space, especially if it’s still staged as a bedroom. If you want to give yourself the best chance of selling, read our tips for showing your home to potential buyers. You’ll find lots of good advice in that article.
Energy efficiency
Since energy costs are on the rise, and there’s a growing interest in protecting the environment, young professionals are very often interested in buying green homes. However, the interesting thing is that they’re not alone.
These days both young buyers and buyers in general are at a constant lookout for energy-efficient homes. If the house is not yet set for the energy efficiency they’re after, buyers will usually factor in the cost of conversion.
On the other hand, it’s important to mention that most buyers still focus on insulation levels, seasonal energy-efficiency, and other factors. So, make sure not to rush with green-washing your home just yet. Explore your local market and find out what kinds of holes you need to fill with your offer.
Although it’s not first on the list, when you ask yourself what Virginia young professionals are looking for in a house, energy efficiency comes to mind. Alt tag: Solar panels on the roof of a house.
Other important factors
Of course, there are many more things you should think about, so here are some additional assets most millennial buyers are looking for:
Technological capabilities. The important things here are the internet and cell service. Forget about landline phones and cable.
Proper staging. Many potential buyers watch real estate TV shows, so they’ll expect a higher staging level when they arrive to see a house.
As you can see, when it comes to what Virginia young professionals are looking for in a house, there are quite a few things to consider. Remember that these are bonuses. Ideally, you’ll have them all, but your home still can sell without much trouble, even with just a few features.
Meta: Find out what Virginia young professionals are looking for in a house. Learn how to stage it and which things you should focus on the most.
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Northern Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com
Welcome to pristine 21473 Glebe View Drive, an elegant and stately home in sought after Broadlands, where pride of ownership throughout is most evident! You will be delighted when you arrive by the curb appeal and lush yard…and that’s just the beginning of how fabulous this home really is. As you enter, you immediately notice the two story foyer with sweeping staircase and gleaming hardwood floors. Perfectly situated off the foyer is a formal living room with ample windows, creating a bright and airy feel that flows so effortlessly into the formal dining room, separated by stunning architecture. The gourmet kitchen shines with upgraded stainless steel appliances, granite counters, gorgeous tile back splash, a large island, and eat in area with an expansive bay window. You will be wowed by the gracious family room with fireplace, french doors, and transom windows.
The study/office completes the main level with built ins, french doors, and plenty of light. The master suite is one of grandeur with it’s generous size, walk in closet, and inviting sitting room. Luxurious best describes the master bath with soaking tub, his and her vanities, and dressing area. The upper level boasts three additional bedrooms; one with it’s own private bath, while the other two share a Jack and Jill bath. Entering the lower level, you will be impressed by the recessed lighting and abundance of windows that create the main level feel. Your spectacular flagstone patio and/or expansive maintenance free deck open to a beautiful tree lined yard. These will be favorite spots for entertaining or relaxing! Again…welcome home! For more info about this property, Click Here!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Northern Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com
When you’re making an investment of any sort, there’s one
thing more important than just securing all the funds you need. You also need
to do enough research to make sure you’re going to end up making a truly
informed decision. And in this regard, real estate investments are no
different. Especially if you’re a buyer in a seller’s market – you need to have
all the right data and info. And that’s precisely what we’re going to talk
about here!
Working With A Proper Realtor
If you’re buying in a seller’s market, before you actually
present an offer to your seller of choice; you want to have all the right
information. And in order to do that, you need to have the right representation
while you’re buying a property. If you’re facing a steep
seller’s market, a good real estate agent will make all the difference in the
world. For example, they’ll be able to ask all the right questions when talking
to the seller’s agent and figure out all of the activity on the home that you
need to know about.
Doing Research In A Timely Manner
When you’re buying a home and moving there, you need to do everything you can in regards to making your relocation less expensive than it needs to be. And that means doing all the prerequisite research; not just on the specific property, but on the market in general. Once you’ve gotten the sense of the kind of home you want, or even the preferred neighborhoods that you have in mind; you should start learning all you can about them. This is another thing your real estate agent will be good at, so finding one early on is important.
An informed decision is the only good one!
Separating Needs And Wants
One of the realities of buyers in a seller’s market is pure
and simple – you’ll need to get your priorities in order. It doesn’t matter
whether you’re looking for a vacation home or a house you’ll
primarily be living in. You still need to forego a couple of your less urgent
wants and focus on what you truly require. So, a few compromises on the home’s
condition, the local amenities, or the location will simply have to happen in a
seller’s market; coming to terms with this reality is good for you.
Stay Within Budget
A seller’s market is, as the name suggests – one where, to
paraphrase the old adage, buyers can’t be choosers. With this in mind, you need
to say goodbye to the idea of presenting low-ball offers to your sellers. Find
a price range you’re completely comfortable with, and make sure you stay within
it. If you’re hoping that the seller might drop their listed price down to
something more acceptable for you; that isn’t one of the smart things to do in a demand-heavy market
where sellers have their pick.
Don’t let your chase for a dream home make you unrealistic!
Scheduling Flexibility
Before you can find a good moving company like bluebellmovingandstorage.com
to help you out with your relocation to a new home; you will need to do
everything in your power to make sure you can nab the right property. And that
means one thing – flexibility! You need to learn of the seller’s time schedule
and adjust yourself accordingly.
Usually, it’s useful to learn why the seller in question is
moving away; that’ll be a great hint in terms of your closing date. If they’re
looking to leave in a hurry, they may want someone who can deal with a quick
closing date. On the other hand, they may require extra time to relocate. If
there are other buyers you’re competing with (and in a seller’s market, there
usually are), this will net you bonus points with the seller. Never underestimate
goodwill as a factor!
More Cash Upfront
This isn’t something you can always influence, depending on your budget and personal finances. But generally speaking, a seller’s market reasonably favors people who can offer a larger amount of earnest money. This will, logically, pique the seller’s interest in negotiating with you. When sellers have favorable market conditions and receive lots of offers, a big deposit could be what makes the crucial difference.
Having more cash to offer will differentiate you from the rest of the buyers!
Get Personal
Depending on the seller in question, including some humanity
and emotion into the equation could also be the deciding factor. For example,
you could write up a letter that you’ll include with the purchase offer, in
order for the seller to know your personal reasons for buying the home. Try to
become friendly with them through the letter as well – for instance,
complimenting their home decor or well-kept outdoors.
Remember – many of the sellers still like the home that
they’re selling. That’s why they’d also like for the home to go to someone
who’s going to love it just as much!
Look For Potential
As we’ve mentioned above, a seller’s market does demand a certain
level of compromise from a buyer. That’s why you shouldn’t take any home at
face value; try to find the promise and potential within a good property.
Perhaps you’ll be able to change a currently unfavorable layout later on?
Don’t Overdo Due Diligence
So far, we’ve talked quite a lot about the importance of making an informed decision. However, you should bear the other side of the coin in mind as well. Remember – real estate markets are a dynamic place. In certain situations, sellers will use the “other people are making offers” ploy as a tactic to get you to panic and agree to a less favorable price. Bear in mind though, that in a seller’s market, this is sometimes truly the case. You need to strike a careful balance between due diligence and overthinking, or the perfect home may slip away!
Whether you’re looking for homes for sale in Fredericksburg, Stafford, Orange, Locust Grove, Culpeper, Northern Virginia or even Maryland or DC, we are your Real Estate team committed to finding the perfect home for you! Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by homeowners. If you wish to sell your home, it needs to be sold for top dollar, and in a timely manner. Pricing your home accurately, one of our area expert advisors will partner with you to make the selling process so much easier. Get started today by calling us at (540) 388-2541 or contact Pat Licata.
To see available properties, please visit our website licatagroup.com
