For most people, buying a home is one of the biggest investments they’ll ever make. If you’re planning to purchase a home, your budget likely includes the down payment and monthly mortgage payments—yet many buyers, particularly first-time homeowners, find their budgets stretched by unexpected costs. In fact, according to a survey by ConsumerAffairs, 44% of recent home buyers said they had already spent more than they’d planned, with the average over-budget amount exceeding $10,000.
While record-breaking home prices over the past several months have contributed to this trend, new homeowners often find themselves surprised by unexpected costs, such as the following:
Property taxes. Currently, the average property tax rate across the U.S. is 1.1% of a home’s assessed value, but this amount can vary greatly based on location and average home prices.
Closing costs. The upfront costs of buying a home include more than just the down payment—at closing, you can expect to pay costs ranging from 2-5% of the home’s value. These may include title insurance, mortgage origination fees, surveys, and more depending on your market and lender.
Utilities. For many people moving from an apartment or rented house to a home of their own, the cost of all the utilities they need can be surprising. From the basics like water and electricity to items that you may or may not need depending on your preferences and where you live (such as cable, sewer, and trash collection), utility bills can add hundreds of dollars a month to your home ownership costs.
Insurance. In order to take out a mortgage, you’ll need to provide your lender with proof of homeowners insurance, which will cover certain damage to your home and the items within it. This necessary coverage will cost anywhere from several hundred to several thousand dollars per year.
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.
Even though it’s a cliché, first impressions matter a lot in real estate. Yes, some purchasers may require a few days to mull it over. But, for the most part, buyers are smitten with a house the minute they pull up to its driveway and see it for themselves. Appraisers will also value your home mostly by the first look. So, you’ll definitely want the landscape to look great. Also, according to statistics, now could be the best time to sell – and you’d want to do it for top dollar. So, here are some curb appeal ideas to add value to your home.
1# Make it sophisticated
When it comes to house sales, properties with elaborate landscaping—such as curving bed lines and huge island plants—tend to get a higher price tag, according to real estate stats. The landscapes with huge deciduous, evergreen and annual color plants sold better than those without these types of plant materials. Planting beds, according to experts at orangemover.com, are an affordable and low-lift option to add aesthetic interest, texture, and color. You may use them to make your lawn seem fuller even when the grass is well cut and trimmed.
2# Make it green
You can’t go wrong if you have trees in your yard. In addition to providing shade and removing carbon dioxide from the atmosphere, trees will add value to your exterior. Trees also have a way of making a house seem more like home. They provide a feeling of continuity between a home and its surroundings as well as a connection between the people who live there and their surroundings. The best way to choose a tree is to think about the function it will serve. Deciduous trees are a good pick if you want additional shade in the summertime. When the trees lose their leaves in the winter, they allow some light into your yard. In addition, they may possibly save you money on your utility bills!
A big tree will provide not only you shade but also privacy on hot summer days
3# Rock your exterior design with some rocks
Adding a low-maintenance focal point to your yard is easy with a beautiful rock bed. Tossing random rocks, on the other hand, is a bad idea. If you want a traditional “rock” aesthetic but don’t want to shell out hundreds of dollars for a 400-square-foot area, consider using decomposed granite or trap rock. Also, avoid using limestone since it decomposes fast and turns into debris. If you decide on bigger individual stones, seek smooth and spherical ones. These will endure longer and generate less unpleasant, gritty rock-garden waste that weeds enjoy.
4# Fiberglass doors are one of the best curb appeal ideas to add value to your home
When it comes time to put your house on the market, a fiberglass front door might help you recuperate some of your investment. There are also other advantages. They’re more energy-efficient than traditional wooden front doors, just like steel ones. In contrast, steel doors are prone to rust and corrosion over time and will not look good, no matter how good your home staging is. With fiberglass, you won’t have to worry about unattractive dents and corrosion.
5# Decking made of composite material is a big yes
Wooden decks are beautiful, but maintaining their waterproof qualities demands a lot of time and effort. Composite decking, on the other hand, has a long warranty. It requires no sealing, staining, replacement of rotting boards, or danger of termites, extending the life of the deck and saving you thousands of dollars over the course of its existence. Composite decking comes in three varieties:
Polyethylene-based
Polypropylene ones
Polyvinyl chloride (PVC)
6# Make sure your landscape reflects the design of your house
How can you get the most out of your landscaping dollars? It’s about making sure your landscaping truly compliments your home’s design. Craftsman-style homes should be given basic and traditional landscaping, such as a bed of vividly colored flowers or well-structured shrubs. If you want your house to be called a breathtaking home in the market, modern additions like koi ponds and lavish fountains that appear as if they belong in Caesar’s Palace should be avoided at all costs.
Sometimes, just a bed of vividly colored flowers makes all the magic.
7# Make your front yard look simple yet trendy
We’ve already mentioned the importance of greenery in the presentation. But, we picked up a few more sneaky tricks from professional movers. It is important to keep up with trends in order to boost your home value, and the trend right now dictates that ‘less is more. What does that actually mean in terms of front yard remodeling? It is important to add some greenery to your presentation, but it’s also important to pick only a few different kinds that will look good together. The other key to success is to pick wisely and choose the kinds of plants that don’t need too much maintenance. That way, you’ll save money and make trendy and harmonious curb appeal.
8# Light it up—but functionally
As a reward for your efforts, ensure you can always see the results of your hard work. Landscape lighting will draw attention to your home’s architectural elements and most eye-catching vegetation. In addition, the project is very cost-effective and easy to implement. Also, who doesn’t like a good and functional light show in their yard? Smart lighting will surely add to your home’s value. If you really want to go all-in, you can make adjustable lighting that will be able to tone it down and allow a buyer to enjoy star gazing under Virginia’s sky.
If you put some creativity in, you can make an exceptional exterior design with simple light bulbs.
Bottom line
So, there you have it—a ticket to a better home sale. If you apply at least two of these curb appeal ideas to add value to your home, you’ll be on a great path to a good deal. Even if some of these are inapplicable to your situation, be smart and adjust. The most important thing is to think like a buyer. When you see all the flaws clearly, you can focus on fixing them. Just then, there will be a great reward in money return.
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.
If you’ve ever bought or sold a home, you’ve probably heard the term “escrow”—but have you ever wondered what it means and what exactly the escrow process entails? Here are a few common questions to help shed light on this important step in the home sales process:
– What is escrow? Escrow is a legal term indicating that a deed, property, deposit, or fund is temporarily in the custody of a neutral third party, such as an escrow company, title company, or law firm. These third parties hold money and the property until all conditions from the purchase and sale agreement have been satisfied and the deal closes.
– What is an escrow account? There are two types of escrow accounts that serve different purposes: one is used during the home buying process to protect a buyer’s earnest money deposit until all conditions of the sale have been met, and the other holds a homeowner’s money for expenses such as property taxes and insurance throughout the life of a mortgage loan. This second type of escrow account can make it more convenient to manage your tax and insurance payments, since your lender will estimate the total annual expenses, add a prorated portion to your monthly mortgage payment, and handle paying the bills when they are due—thereby eliminating the need for you to make large lump-sum payments once or twice a year.
– How long does the escrow process last? Escrow begins when the seller accepts an offer and the buyer provides an earnest money deposit. Typically, the process lasts about 30-60 days until the closing occurs, although the timeframe may vary depending on factors such as issues that arise during inspections or delays with the mortgage lender. At closing, the escrow agent will transfer the deed to the buyer and the earnest money to the seller.
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
Force of habit is a powerful thing, especially when it comes to settling in a property. As you are a human being, it’s to be expected you’re attached to the piece of earth you’ve lived on for so long. But, the time comes when it’s just better to leave your nest and find a new one. How do you know for sure? Here are seven clear signs it’s time to sell your house.
1# No more room for your children
Your little ones are the most valuable thing you have. Normally, you want the best of the best for them. Sometimes, in the buying process, people overlook the number of children they want to have or have financial struggles during the time. It’s all fun and games while your kids are younger and don’t require much space. But, when puberty hits, every one of their personalities becomes way too big for the shared space. You might look forward to the wine festival on Mother’s day way more than you should simply because of all that stress a cramped up house brings. So, it’s best (for everyone’s mental health especially) to start looking for a bigger space with more rooms. Four walls (painted black during an emo phase) will contain the chaotic hormonal storm at least a little bit.
Teenage anger spreads like wildfire in a tiny space. If you feel like it’s affecting you too – it’s time to upsize.
2# There are no great schools nearby
The second thing related to children is the choice of a school for them. It’s also an important indicator you should consider selling and moving to a different neighborhood or even city. Education is crucial for your kids’ future, and it’s to be expected to be your top priority. According to the experience of expert movers at beltwaymovers.com, many young couples overlook the schooling system factors when buying a house, and that’s why they end up selling their property after a few years down the line. If the schools in your neighborhood don’t meet the standards and your wishes for your kid, it’s probably time to move.
3# Your home starts to give you itchy feet
Once the phrase ‘home, sweet home’ doesn’t apply to your house, it’s time to move on to something different. Your house should be the place where you feel relaxed and at ease. A place where you look forward to coming back to after a tough day at work. If the time comes that you start feeling contained and not tucked away between your four walls, it’s time to flee.
‘Oh that gorgeous house downtown’
When you start looking at other houses, it’s a sign that something’s not quite right with your own. Maybe you didn’t have the money for your dream house at the time of buying. Perhaps you’re retired, your kids are living their lives, and now you want to watch cherry blossoms in spring and do gardening in a lovely little purple house. Possibly, you just want an upgrade. These are all positive signs that you should consider a change of residence.
Not many things make you feel as alive as watching cherries bloom
4# If the renovation won’t help – it’s time to sell your house
When you attach many memories to a living space, you will indeed look for a way to renovate it to fit your needs before even thinking of selling. But, when you think about renovations, all you do is end up with a long list of chores and tasks. When deciding whether to renovate or sell, there are three crucial questions to ask yourself.
What will better fit your budget?
Will renovating fix the issue for good or just temporary?
Is it even possible to renovate?
Some old houses could be so fragile that renovation would just ruin them. Also, if you start adding walls to the list of things you want to tear down – it may be best to start looking for the new ones.
5# You don’t ‘feel’ the neighborhood anymore
People change. Maybe you’ve changed drastically. Or your neighbors did. Or, there’s been a significant makeover of your neighborhood – they built a mall or tore down your favorite bakery. Whatever the reason, you don’t feel as welcome and at peace in your area. It’s pretty stressful to feel you don’t fit in. If you feel like you don’t fit in, it’s best to find a new property, call local movers in Virginia to help you pack your stuff, and reach your new home stress-free. You don’t have to move across the globe to experience that much-needed change – you can simply move across the city. The mere desire to do so is undoubtedly one of the signs it’s time to sell your house.
6# It’s the perfect time in real estate
Since the pandemic, there’s been an increasingly positive shift in the real estate market around the US. The local market in Lake of the Woods is no different. If a sale has even crossed your mind in the past, you might want to seriously consider taking advantage of the ‘housing bubble’ before it bursts. It might be a good idea to have an appointment with a real estate agent, in any case, just to be fully educated and aware of your options.
A meeting with a real estate agent can help you solve uncertainties
7# You’re just ready
Every individual will sometimes feel like they are at a crossroads, urging them to look into new homes. It doesn’t have to be brought on by an extraordinary and tumultuous event. The key is to feel emotionally and psychologically prepared to leave the old memories behind and sail into making new ones. There’s nothing wrong with that. You and your family evolve, and it’s sometimes just the time to part ways with the house that holds your past. It’s not a solid and visible indicator. But, a hunch, a feeling, and an instinct are among the vital signs it’s time to sell your house and go on new adventures.
Bottom line
It’s never easy to decide to leave your old habits and living space. Some things will undoubtedly have to change. But, don’t be afraid – change is not a bad thing. If you can identify with some of these signs it’s time to sell your house, then you know what to do – search for your perfect home.
Oil and gas prices are the highest in United States history!
Individuals and families are shifting how they think about housing, from suburban versus urban to downsizing or going multigenerational.
It’s critical to work with an agent who understands the right fit for you and your family.
Record-high oil and gas prices are changing home buying and selling
It’s difficult to escape the news: gas prices are surging across the nation, with the increase averaging $1 per gallon. With costs at historical highs, the ripple effect changes how we think about everything. That includes the largest line item on any household’s budget: their home. How will this new reality change how people buy and sell real estate? Let’s take a look at some of the main considerations.
Urban Versus Suburban
Traditional wisdom says that the suburbs are more affordable with their long commutes, while cities are expensive due to more amenities and desirability. But when the daily commute costs more than it ever has in the history of the country, the conventional advice isn’t necessarily the right move for everyone.
To judge whether relocating from the suburban to the urban is right for you, take a look at the commute time, proximity of local amenities, and public transportation. Some urban centers offer more robust and reliable options for getting around, while others are still heavily car-dependent. If moving into the city won’t get you out of your car, the suburbs are still a good choice. But big city living is an attractive option if you can reduce how often your family drives—or even go from a multi-car family to a single vehicle.
Reconsider Your Housing Footprint
The size of a home is always a big consideration when you’re looking at your next place. Right now, there’s the added pressure of the costs of heating and cooling a home to consider when you think about total square footage. On average, the cost of natural gas is up 24% in February 2022 compared to the previous year, and electricity is up 9%.
Downsizing can be a smart reason to sell your home and buy a new one, especially if your family situation has changed and you don’t need as much space. With less to heat, cool, and maintain, finding a home that’s just the right size for the stage of life you’re in is something your agent can help you with.
During the COVID-19 pandemic, families started moving back in together at rising rates. Now, more than 40% of homebuyers consider multigenerational living in their purchasing decision. New developments are dedicated to building homes and communities that accommodate people at different stages of their lives. And, if the family situation changes, being able to rent out a dedicated space is an excellent source of passive income.
Whether you’re looking to go small by yourself or go big and share the costs, homes that are renovated with energy-efficient appliances, or new construction with the latest smart home technologies, are especially attractive. These are smart decisions to make now that will also save you costs in the long run, even when oil and gas prices stabilize.
Act Fast to Lock in Interest Rates
Gas prices are tied closely to mortgage rates. Yep, it really does affect everything! Mortgage lenders want to have an extra cushion over inflation when they set rates, and with the rise of oil and gas prices, interest rates will get pushed up too. If you’re buying a home, it’s time to get serious about making offers. Higher mortgage rates will impact what you can afford.
For sellers, this can impact the white-hot housing market streak that was the dominant theme for the last few years. With interest rates set to rise, home sellers may want to be flexible about offers, in case the market shifts dramatically as interest rates go up throughout the remainder of the year. Of course, this varies widely by market, and you’ll want to consult your agent before making any decisions on offers on your home.
Make Your Move
There’s no time to wait—with the market changing this rapidly, you’ll want to leave yourself enough time to have options and make a well-informed decision. That’s why you need to work with an agent that understands the ups and downs of this historic market and considers the needs of you and your family. 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.
If you are thinking of selling within the next 18 months, this is where you need to be on March 26th! There will be local vendors in attendance to help you! We have a trusted lender, professional photographer, and an estate sales professional, just to name a few. We want to provide you access to all the resources you will need to sell your home for the most money in the least amount of time. You will have the opportunity to ask questions not only to the listing agent, but also the vendors that will be presenting. Selling your home doesn’t have to be a hassle and we want to make sure you have all the information you need so you know what to expect! Please join: Licata Group on Saturday, March 26th, from 11am – 1:00pm at the Lake of the Woods Clubhouse in Locust Grove. RSVP HEREby March 25th, or by calling 540-388-2541.
Reserve your spot today!!! Light refreshments will be served. See you there!
Lake of the Woods Virginia Seller Seminar Flyer March 26th
Whether you’re looking for homes for sale in Lake of the Woods VA or Waterfront property in Virginia we are your professionals for Stafford, Fredericksburg, Spotsylvania, Locust Grove, Central Virginia, and Greater Virginia, we are your proven Real Estate professionals. Thinking of selling? In any market condition, “what is my home worth?” is the #1 question asked by home owners. If you wish to sell your home, it needs to be sold for top dollar and in a timely manner. Pricing your home accurately, the Licata Group 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.
The historic low housing inventory creates value opportunities in competitive housing markets.
Anticipation of new home listings to hit a 10-year high as some owners see right now as the best time to sell.
Condo and rental demand are likely to surge as inventory supply chain issues impact the housing market.
This Year Will Bring Balance to the Housing Market
After two consecutive years in which words like “unprecedented,” “historic,” and “white-hot” have been buzzing about, we can now add “inflation” to the list.
What is inflation, and how will it affect the real estate market in 2022?
Real estate is not immune from the inflationary effects of declining purchasing power on an economy. When prices go up, so do the costs associated with real estate. In a nutshell, that’s how inflation works; like a rising tide lifts all boats, so does inflation with rising costs. However, there are always reasons to be genuinely confident in real estate’s proven ability to hedge against inflation and be profitable.
Here are three particulars and tips to help you navigate these inflationary waters and better prepare you to make your move when you decide it’s time to do so.
#1: Low Housing Inventory Drives Values
With the market expected to remain undersupplied throughout the year and with this year already seeing historic low numbers in housing inventory, continued supply chain issues, and material costs resulting from inflationary pressure will undoubtedly influence the market. Many analysts are anticipating a modest 3% growth in home values, compared to the 24% return that last year saw.
Historically, it is well-documented that real estate remains profitable when inflation affects an economy. One reason is that landlords can always pass their cost increases off to their tenants. But the real lesson here is the age-old axiom that scarcity creates value. So instead of seeing the record-low number of housing inventory as something to steer clear of, it means that while there may be much competition in home buying, that’s because of the value of being a homeowner.
#2: New Listings to Hit 10-Year High
The end of double-digit price growth in home values will also encourage more homeowners to cash out finally, which will create more inventory in the market. But as the market settles down and becomes more balanced, homeowners will also be more inclined to list their homes to offset inflationary pressures elsewhere, though it will not be enough to meet the expected historical demand in 2022. This increase in listings of existing homes will also coincide with a slight increase in the listings of newly constructed homes, similarly expected to be the highest in a decade.
New home inventory should increase from 2021’s bottom, but we anticipate the market will remain undersupplied. In particular, the entry-level supply of new home construction will remain highly constrained.
#3: Condo and Rental Demand Will Take Off
2022 will also see the end of mortgage forbearance, which along with inflationary pressures, will cause many homeowners to sell and rent instead. This surge in rental costs and demand will create opportunities for others looking to get into the housing market. As a result, expect rents to increase 7% by the end of 2022, more than double the predicted year-over-year growth in home prices of 3%, once again proving that homeownership is always a more reliable use and investment of your money.
As the pandemic subsides, more people will live in cities once again where renting is more common. Additionally, the strong labor market will cause many movers wanting to move into a new town the opportunity to get to know their new city before they commit to homeownership.
The Market Is Moving—Get Started Now
There’s always much to consider when buying a new home. Whether you’re a first-time home buyer or looking for your next, understanding the more significant economic trends is always important to maximize your efforts’ success. So contact us today and let us know how we can help support you in your journey.
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.
There are certain things the holidays are suitable for. They tend to bring out the best in us. It’s a time for family, sharing, all those warm moments that tend to be forgotten about under the sometimes grueling regime of everyday life. However, they might not be the best for some other things. For one, the holidays don’t seem to have a favorable stance towards your weight loss program. They also seem to adversely impact the contents of your wallet. What we want to know is how do the holidays affect real estate? Is it wise to place a delightful one-story ranch with a fully furnished basement under the Christmas tree, or is it best left for warmer days? For the TLDR readers out there, the answer is yes. For those who don’t know the acronym or want a little more insight, let’s take a closer look together!
Caroling or Shopping
There are plenty of Christmas holiday activities to try in Virginia, and buying or selling a house is one of them! If you delve a little deeper into human behavior, you understand why the holidays are an interesting time. On the one hand, many people will be partaking in the holidays themselves. So, instead of looking at open homes, they will be caroling. I use this as a simple example to express the differences that will emerge in the way people act. Most people will enjoy the time-off and use it to unwind. However, a smaller but rather dedicated contingent of well-motivated individuals will not cease with their prior activities. They will continue to look for that perfect home. Serious sellers will keep their properties listed and welcome all new offers. Why would they choose to do this? Because they know the score. Less competition means a jollier time for those involved. No bidding wars and smaller chances of losing the offer. Most statistics point to the fact that demand wanes right before and during the holidays. You have one guess as to when it spikes again. Using that little pocket of calm to your advantage seems prudent.
Look at it this way, whilst all these people are partying in temporary tents on Key Beach Part, you could be finding your permanent dream home
Serious Offers Only Please
How many times have we seen this written in any kind of advertisement? So many times that it has lost all meaning. Of course, you are looking for a serious offer; nobody wants to waste their time. If only you could do that for the house you are trying to sell. The spring and summer have a jam-packed inventory, with all kinds of properties on sale. It makes sense, too; there are plenty of buyers out there. The problem is, some of them are just perusing. Going to open houses, weighing their options, maybe even killing time. Not an ideal scenario. Now go back to what we touched upon in the previous section. During the holidays, you only have serious buyers and sellers. Anybody willing to forego holiday laziness (a term I just coined, not to be understood as anything derogatory, but presenting well-deserved rest) means they are on a mission. If you are looking at a condo while the wind is blowing and the rain is falling, you are seriously considering buying it. Therefore, listing your home with a reliable company during the holidays could be the right thing to do! If sellers are accommodating enough to show you their property and are not selling it during the ‘prime’ season, it means they really need to sell.
The spring is more appealing, but the holiday season offers hidden incentives that could tip the scales in your favor!
Low Temperatures, Low Interest Rates
I’ll start by saying this isn’t a guarantee. There are no certainties when it comes to economics, finances, love, lucky numbers on a lottery ticket, and pretty much life in general. Still, all we can do is look at trends and hedge our bets accordingly. Don’t worry; there is some science behind all of this. As always, all the headings are somewhat interlinked. It is a sort of holiday domino effect if you will. Holidays and colder weather mean people, by and large, postpone their house-hunting activities. This leads to a decrease in demand. Therefore, fewer loans are being taken out. As financial business declines, it’s time for those all-important incentives. Interest rates are lowered, financing becomes more favorable, and those still in the game are suddenly privy to a nice little monetary advantage. You can use those savings to call up Allstate Moving and Storage, and they’ll have you in your new home before you can say ‘pumpkin pie’!
Do the Holidays Affect Real Estate? Let’s See What Taxes Have to Say
Believe it or not, there are tax benefits to be had as we start to round off the year. Let’s say it together – this is not a guarantee. A lot depends on your financial situation. However, if you itemize deductions when you purchase a home, you could be able to save some money. Mortgage interest rates and property taxes, to name just some, could be deductible. If the house is not being bought for the sole purpose of being a home you will live in, but rather an investment asset where you will run a business, further deductions could be possible. This is a little hidden nugget that the holiday season offers.
Take Advantage of the Pretty
There is an almost indirect effect of the holidays on the real estate market. Just think about your interior. We tend to tidy up, put up beautiful decorations, and make a cozy atmosphere. One that is warm and welcoming. Almost as if you had purposefully prepared your home for an open house showing. How fortunate.
Furthermore, you can take steps to make your home even more enticing. With the interior taken care of, if you planned a little ahead, the exterior could be attractive as well. After all, this is the first thing buyers see, and first impressions are essential. If you improve the curb appeal of your Virginia home through the applications of affordable projects, there is no way any buyer will be able to resist!
Do the holidays affect real estate? If you use the charm of the holidays to make your home as inviting and cozy as possible, they do!
Happy Holidays and Happy House Hunting!
To summarize, do the holidays affect real estate? Yes, yes, they do. Nothing has changed there. It’s just about a few nuances and understanding why this is so that you can utilize this to your advantage. After all, skipping one holiday really is worth it if it ensures you can celebrate the next twenty in your dream home. So put down that eggnog and search for the ideal home – you’ll be glad you did it!
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.
Fall is the season that carries the meaning of warm and cozy. Experts say it is the perfect time for renovating and falling in love with your home. To do so, it would be good to make a priority list of all the projects you want to tackle to make your home ideal. But, even if you want to find some of the best home upgrades for the fall to increase your home’s value and make it attractive to potential buyers, this article is suitable for you too. We have created a list of various projects to choose from, depending on your time and budget. The projects you are about to read range from minor maintenance to major upgrades. Either way, we are sure you will find something that suits your family’s needs and desires.
Which are the best home upgrades for the fall?
Once you decide to renovate, the thrill and excitement start. However, once you get down to business, you realize how many steps you need to take to make your wishes come true. It’s essential to bear in mind that it’s normal to start feeling anxious or pressured.
The key to successful remodeling is to be prepared and organized. Of course, you can make a list of priority tasks you want to do, but it would be good to make a step-by-step list to follow to ensure a smooth process. For example, if you plan on remodeling your living space, you should consider getting a portable storage unit to give you extra space where you need it. This way, you will remove all the things in the way while still being able to access them.
Finally, let’s take a look at some of the best home upgrades for the fall.
Exterior accessories upgrade
Front door repainting or replacement
Painting the exterior
Power washing
Gutter cleaning
Roof repair
Deck refreshment
Switching to a thermostat
Heated flooring in the bathroom
Upgrade your exterior accessories
Your exterior is the first thing you or anyone sees. So, if you always think of that one light bulb not working above your front door, now is the time to replace it. Additionally, paying attention to your lighting when staging your home is a good idea if you are looking to sell your house.
Small, but still, one of the best home upgrades for the fall. Update your mailbox and home number.
House numbers and mailboxes are also small things worth upgrading. It would be best to have your exterior accessories matching in material and color.
Replace or repaint your front door
Replacing the front door will give you peace of mind knowing you and your family are safe. It will also give your entrance much-needed flair.
The easiest and more cost-efficient way is to repaint your front door. The best thing of all is that by doing so, you can make your home stand out in just one afternoon.
Painting your exterior is one of the best home upgrades for the fall
If your house could use a fresh coat of paint, go for it. This is especially important if you want to sell your house in the near future. Painting your home’s exterior will do wonders for curb appeal. So, before you call the experts from Zippy Shell Northern Virginia to help you relocate, pick up the paint rollers and put on some clothes you don’t mind staining!
Another thing you might want to consider if you are not a fan of painting is to install new siding. By doing so, you will boost your home’s curb appeal and durability.
Power wash the exterior
Your exterior might need a good and thorough power wash. Numerous materials, such as brick, concrete, wood, metal, vinyl, are surfaces that you can power wash. With that said, it would be best if you used less pressure on painted surfaces.
Clean your gutters
This is a step that often tends to be neglected. However, it shouldn’t, since your gutters work hard during fall and wintertime.
It’s best to clean your gutters before it gets too cold.
Snow and winter can be hard on gutters, so it would be best to have a routine inspection twice a year. Also, pay attention to any cracks or holes that need to be fixed before the cold weather arrives.
Repair your roof
Repairing or even replacing your roof during fall will make your home’s insulation better, and therefore lead to lower heating costs.
A functional roof gives anyone peace of mind.
Another advantage of repairing or replacing your roof is that it enhances curb appeal. Potential buyers will be more attracted to a home with a new and secured roof. On the other hand, buyers might try to negotiate a lower price if your roof needs repairs.
Refresh the deck
You can revive your deck by simply power-washing and hand-scrubbing it, which will make it seem like new. You should then go ahead and add a protective coat of semitransparent paint.
A deck is a place that gathers family and friends, don’t neglect it.
Switch to a thermostat
It might be time to switch to a thermostat and lower your energy bill during colder months. Digital thermostats can lower your bills to up to 180$ a year. The best thing is there’s a variety of models to choose from. For example, there are simple versions that only control heat and can be found for a price of 25$. Also, there are more complicated units that control humidifying and cooling too.
Install heated flooring in your bathroom
Heated floors keep you and your feet warm, especially during colder months. We can agree that no one likes walking into a cold bathroom in the morning or stepping on a cold floor after a hot shower.
Heated floors are cozy and energy-efficient.
The takeaway from best home upgrades for the fall
The end of summer is just around the corner. Use this in-between time to take up some of the best home upgrades for the fall to make your home cozy and secure or give potential buyers what they want to see. Good luck!
Meta description: If you are looking to raise the value of your home or simply spruce it up, read on. Here are the best home upgrades for the fall!
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.
When it comes to selling your home, supporting local businesses is one of the most profitable decisions you can make.
Local businesses love to give back to their communities, which can increase your home’s value over time.
We’ve worked with the most reputable businesses around—contact us today, and we’ll pass along our professional recommendations!
Use Local Businesses as Your Home-Selling Sidekicks
When it comes to selling your home, supporting local businesses can be one of the most profitable decisions you make. Instead of calling upon big-name chains, you can utilize homegrown service providers to save money and make sure the job gets done right. Investing in local businesses has been proven to increase a community’s real estate values—besides, there’s no better return on your investment than a genuine “thank you” from a neighbor!
For every $100 spent at small businesses, this much stays in the community…
Small businesses tend to reinvest in their local economies more than chains do, which is great news for homeowners and potential sellers. Plus, small business owners typically work, play, and live in the same communities as their storefronts—so they care more about seeing their hometowns thrive.
The Business Alliance for Local Living Economies found that communities with successful small businesses see property values increase by 50 percent on average. And with home prices appreciating, neighborhoods can benefit from attracting new business investments to spark economic growth. According to research done by The Alliance, $68 stays in the community for every $100 spent at local businesses.
Shopping small provides hyper-local services
Think of shopping local like a community-wide networking event—you strengthen your connections by spreading the word about your positive experiences at businesses in the area. And if you want to know the best providers around, you can just ask your real estate agent. Your local agent doubles as your go-to reference for the most reputable nearby businesses.
Selling your home is a hyper-local experience, one in which you can benefit from partnering with the most convenient local business of them all: your real estate agent. As a small business ourselves, we understand the importance of supporting local and giving back to the community, which is why we only recommend our best business partners to our clients.
Here’s why hiring local service providers is the strategic choice
When you decide to list your property, there’s most likely going to be some projects that need to be completed—things like renovations and repairs, staging for showings, and general maintenance should all be at the top of your to-do list. Hiring homegrown service providers is the strategic choice when it comes to selling your home. Not only will you be guaranteed great service, but you may even receive discounted rates. When real estate agents repeatedly refer their clients to local businesses, companies sometimes provide lower rates in return.
Invest in small businesses to increase your home value
Wondering which local businesses you should take advantage of when listing your home? Hire a landscaper to spruce up your curb appeal, use a local painter to incorporate a more neutral color palette, or contact a local handyman for repairs. Want to get the inside of your home showing-ready? Your agent can recommend a top-notch florist for a bouquet of local blooms. That’s the thing about shopping small—the owners have local expertise and will go the extra mile to make sure their clients are happy!
Want to Increase Your Home Value?
It’s simple—when you invest in local businesses, those companies turn back around and invest in your community, which increases your home value! It’s hard to fully understand the positive impact of shopping local, but it becomes easier when you see your property value rise over time.
We’ve worked with the best businesses in our community, and we know they would love to play a part in your real estate dreams. Just tell us what services you need, and we’ll send our professional recommendations your way!
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.
