Tag Archives: Realtor

New Home vs Resale – Which is Right For You

After contacting The Licata Group, you’ve probably realized the number of options buyers have in today’s market. The most obvious choice you’ll need to make is the one between new home vs resale home. Being able to choose the floor plan and design options has its perks. On the other hand, comfortable neighborhoods and historic houses with wide front porches appeal to some home buyers. To help you decide which type of home is right for you, here are some of the important factors you need to consider.

New home vs resale- it’s not only about your preferences

Owning a house where other people have lived is something many people want to avoid. However, new constructions might lack the charm of resale homes and stories that they tell. However, you need to remember that buying a home is not only about preferences. As both options have their advantages and disadvantages, let’s explore the practical aspects of buying and owning either of them.

Reselling or living in a resale home

The question here is whether buying a resale home is a wise investment or not. First of all, you’ll spend less money on a resale property than on a new house. As a result, don’t expect to get a large profit when you decide to sell your resale house. So hold onto it for some time, and then resell it. But, if you plan to buy and live in a resale home, it’s probably an excellent investment decision, provided that it meets other factors as well.

The price of your house

New houses come with a high price, compared to pre-owned homes. And resale homes don’t need to be that old; they can be less than 7 or 8 years old. If you find a relatively young home at a decent price, then you might be getting the best value for your money. And with the rest of your budget, you can have your belongings transferred from one of the surrounding states. Maybe it’s time to provide yourself and your items with a moving experience you know you deserve. 

However, keep in mind that while new homes usually cost more than 20 percent more than resale homes, the latter might come with a potential downside. While they are initially less expensive, they might be more costly in terms of utilities and maintenance.

Are resale homes sustainable?

If you’re buying a newly-constructed house, you can expect it to match the modern-day sustainable construction standards. While pre-owned houses might not have been built by these standards. Insulation, the quality of bricks, natural lightning, and other factors affect the price of utilities and maintenance costs. That’s not to say that you can’t use modifications and fixtures to bring an older home up to the mentioned standards. However, you’ll need to determine the budget and set aside the extra amount of money for this purpose.

A home and light coming through the window.

Appliances

Some building companies include refrigerators, dishwashers, and similar new appliances when building a new house. In case these are not already included in the price of your new home, you might still be able to roll this cost into your mortgage. Alternately, pre-owned homes might come with outdated appliances that you’ll need to replace.

Design and floorplan choices

If you’re building a new home, you get to choose not only the colors but also floorplans and design. While you can deal with the intense colors in the pre-owned homes by repainting, floorplans and other design changes require extensive renovations. Also, changing flooring, cabinetry, or even carpeting, can be expensive. Unless your budget can support this kind of work, you’ll have to accept your resale home as it is.

A couple repainting.

Storage space

New homes usually come with floor plans designed to fit all of your belongings. Some of the convenient features include cabinets with pull-out shelves, garage space options, and walk-in closets. Older models of resale homes might have limited storage space. One way to solve this problem is to contact Excalibur Moving and Storage and inquire about the storage options. Another way to deal with this is to renovate the house and remodel it to suit your needs.

A couple hanging a picture in their new home.

Pre-owned homes are eligible for home loans

You shouldn’t forget that banks also offer loans for resale houses. However, the bank will need to conduct the technical verification of the property to ascertain the condition of the home. Know that bank will not lend more than the property value stated in the sale deed. And the loan component will depend on the policy of the bank and the age of the house.

Verifying pending payments

First-home buyers might forget to do all the necessary verifications. It’s essential to check for pending payments and taxes for the pre-owned property. Ensuring that there are no dues or unpaid bills on the property will save you from a lot of potential trouble in the future.

Legal documents

You’ll need to thoroughly verify the legal documents when buying a pre-owned home that’s older than 20 years. Also, the property must have clear titles. You need to obtain the sale deed, purchase agreement, a copy of the builder buyer agreement, as well as no objection certificate. Documents that prove the ownership of previous owners are also required.When choosing between new homes vs resale homes, it’s not hard to notice the pros and cons to both. Important aspects to keep in mind, for starters, are the costs of your home. However, think about the big picture,  benefits or expenses you’ll have to face both in the future and now. That’s how you’ll be able to make an informed decision. If you have found the right home for you, it’ll be much easier to settle down in a new city. Good luck with your search!

 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

Photos Used:

https://www.pexels.com/photo/happy-young-couple-doing-purchase-on-internet-together-at-home-3767397/

https://unsplash.com/photos/cqAX2wlK-Yw

https://unsplash.com/photos/deX-KChuboY

https://unsplash.com/photos/MfJ9g64-WxQ

8 Resources for Home Sellers: How to Quickly and Safely List Your Home Amid COVID-19

With mortgage interest rates hitting record lows, homebuyer demand remains strong — even in the midst of a global pandemic. And if you’re ready to take advantage of this situation by listing your home in the near future, there are some steps you can take to do it as quickly and safely as possible. Check out the eight resources below for some tips on finding an experienced listing agent, preparing your home for the housing market, and staying safe and healthy while showing your home to buyers amid COVID-19. 

  1. List Your Home with The Licata Group
  2. 10 Secrets to Selling Your Home Faster 
  3. How to Prepare for Home Services During COVID-19
  4. 15 DIY Curb Appeal Ideas That Will Help You Sell Your Home
  5. The Most Important Repairs to Make Before Selling Your House 
  6. Selling Your House? Here’s How to Prepare Your Home for a Virtual Tour 
  7. Open House Precautions to Take During the COVID-19 Outbreak 
  8. Cleaning Tips to Keep Your Home Free of Coronavirus

As you get ready to list your house, you’ll need to spend some time making a few home repairs and improvements — as doing so will help you to sell your home much more quickly. However, an experienced real estate agent can help you to determine which upgrades are worth completing — while also walking you through the entire process of selling your home in the age of the coronavirus. With these helpful resources and a great listing agent at your disposal, you’ll sell your home as quickly and safely as you possibly can.  

 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

Gorgeous Home On Private Lot in Lake of the Woods, VA! 304 Gold Valley Road Now SOLD!!

Craving space? You’ll love this great house, located in amenity rich Lake of the Woods, offers! The house is perfectly situated on a private lot that backs to trees for privacy. The inside delights with a spacious living room and the kitchen/dining area on the main level, with access to sunroom through the dining area. The upper level is where you will find the master bedroom with attached full bath and large closet, along with the other two bedrooms. If that isn’t enough, the lower level features a family room, laundry and another full bath! The oversized garage with workshop is perfect for the car enthusiast or woodworking, gardening or even for a craft area. Enjoy sitting in the sunroom that backs to a very private, level yard. For more information on 304 Gold Valley Road, Click 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 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, 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.

Beautiful Home With Screen Porch in Lake of the Woods, VA! 1302 Lakeview Pkwy Now SOLD!!

Welcomes you to 1302 Lakeview Parkway! You will be delighted with the open floor plan. The spacious kitchen has ample counter and cabinet space that will make entertaining and cooking a breeze. The great room is full of light with a corner gas fireplace to keep you cozy on those cool nights. The master suite is spacious with an en-suite master bath. The screen porch is private to entertain or relax with your favorite beverage. That’s not all…. You will love the built in storage in the garage! For more info on 1302 Lakeview Pkwy, Click 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 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, 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.

Stellar Home With Cathedral Ceilings and Updated Kitchen in Lake of the Woods! 208 Westover Pkwy Now SOLD!!

Welcome to 208 Westover Parkway! Step inside to be delighted by the open floor plan, cathedral ceilings, and fine finishes. You will love the stylish, updated kitchen that is bright, beautiful, and features black/stainless steel appliances, upgraded quartz counter tops, tile back splash and a large island. The living room is spacious with a grand window that allows so much natural light and features a fireplace to warm up to on those cool nights. The master suite offers an en-suite bath and entrance to the deck, where you can relax and enjoy your favorite beverage and take in the view of the private tree lined yard. Two additional bedrooms, another full bath and a dining area complete the main level. There’s more: the lower level boasts a family room and laundry room with half bath. The oversized two car garage provides ample space for parking and storage. The private, level yard is picture perfect! For more information on 208 Westover Pkwy, Click 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 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, 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.

Beautiful House With Cathedral Ceilings in Lake of the Woods! 1209 Confederate Drive Now SOLD!!

If privacy and space is what you crave then 1209 Confederate Drive is the one for you! Once inside, you are delighted by the open floor plan, cathedral ceilings and gas fireplace. Enjoy preparing meals in this stylish kitchen with stainless steel appliances, ample cabinets, breakfast area, pantry and breakfast area. You will love the master suite with fireplace, walk in closet and the master bath has soaking tub and double vanities. The lower-level is perfect with a light filled family room, bar and two more bedrooms with full bath. Relax on your deck and enjoy a private tree lined yard. For more information on 1209 Confederate Drive, Click 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 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, 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.

Beautiful Custom-Built House For Sale in Lake of the Woods, VA! 312 Battlefield Road Now SOLD!!

Welcome to 312 Battlefield Road! This beautiful custom-built home, nestled in the trees, and move in ready will delight from the moment you drive up. Once you enter, you are welcomed by gleaming hardwood floors, a great room with gas fireplace, fine finishes throughout, and a sought-after open floor plan! The kitchen has upgraded appliances, pantry and a large island! You will love the master suite that is so inviting and spacious. The en-suite master bath has a double vanity and a gorgeous tiled shower with jets. Two more spacious bedrooms, full bath and laundry room complete the main level. Enjoy sitting on the screened porch with your favorite beverage off the master suite. The lower level features a family room with gas fireplace, a 4th bedroom and half bath. That is not all…. off the lower level patio is a separate room that can be used as a garden potting room and also a workshop and storage. Imagine sitting on your deck listening to all the sounds of nature, entertaining family and friends or just relaxing. A whole house generator conveys with automatic transfer! For more information on 312 Battlefield Road, Click 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 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, 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.

Finding Your Accessible Dream Home

Image provided by Pexels

“Accessible” and “dream home” aren’t two words that typically go together, but as home builders embrace universal design, it’s becoming easier to find homes that are both accessible and beautiful. If you’re a home buyer with a disability or are simply looking for a “forever home” that you can live in through every stage of life, read this guide to learn how you can buy an accessible home.

Buying an Accessible Home

There are lots of reasons why you might want an accessible home. Accessible homes enable independence for seniors and people with disabilities. Many accessible features also make daily life easier for people from all walks of life, whether it’s a parent pushing a stroller or carrying arm loads of groceries into the house.

Even if you don’t need an accessible home today, it’s smart to consider accessibility in your home purchase. Needs change over time, and buying for accessibility today ensures you can live in your home for years to come.

Along with accessibility needs, you’ll also need to consider your budget (Lake of the Woods home sales average $285,000) and which type of mortgage fits your finances best. If you have a spotty credit history, an FHA loan may be your best option. For example, PennyMac FHA loans have broader credit requirements, and you may be able to pay as little as 3.5 percent down. 

Accessible Homes: The Basics

A lot goes into making a home fully accessible. However, the average homeowner doesn’t need every accessibility feature available. If you’re in search of a forever home or shopping for an age-friendly home for your senior years, pay attention to major details like these:

  • Single-story living.
  • Step-free entrances.
  • Flush thresholds.
  • Wide doorways and hallways.
  • Ample lighting.
  • Raised power outlets.
  • Blocking for grab bars.

Thankfully, these home features are popular in new construction, making it relatively easy for buyers to find a house that offers basic accessibility. However, while these are the building blocks of accessible housing, they may not be all you need to enjoy full independence at home.

3 Ways to Increase Home Accessibility

Even when buying new construction, you may need to make changes to achieve full accessibility at home. Since remodeling can be costly, it’s important to factor these costs into your home-buying budget. You may even be able to roll remodeling expenses into your mortgage!

Replacing Carpet

One popular change for wheelchair and mobility device users is replacing carpet with wood floors. Mobility devices can’t move easily on plush carpet, and seniors are more prone to fall with high-pile carpeting underfoot. While there are a variety of alternatives to carpet, wood flooring offers the best return on investment because it’s both durable and in high demand by home buyers. Homeowners can save money by choosing inexpensive woods, removing old flooring themselves, and scheduling installation while the home is empty.

Adapting Counters and Cabinets

Most homes come with standard-height countertops and cabinets, but these can be inaccessible for wheelchair users and people with other disabilities. However, with counters and cabinetry accounting for as much as 60 percent of kitchen remodeling costs — which run nearly $30,000 on average — creating an accessible kitchen is costly. If you can’t afford to completely replace counters and cabinets or are worried about impacting your home’s resale value, talk to your contractor about working with what you have. For example, you may be able to add storage solutions that maximize lower cabinets or install a two-tier kitchen island to match your existing space.

Designing an Accessible Bathroom

Due to the high cost of bathroom remodeling, it’s best to buy a home that already suits your accessibility needs. But if you can’t find the right home in your budget, you may have no choice but to invest in bathroom updates. While minor changes like installing an accessible shower head and grab bars are affordable, replacing a bathtub with a walk-in tub or barrier-free shower costs as much as $5,000 or $15,000, respectively. However, for people who need them, the independence an accessible bathroom provides is priceless.

Finding a home that checks every box is difficult in the best of circumstances. When you have a disability or need an age-friendly home, finding the right home can seem impossible. But the truth is that there are lots of homes out there just waiting to be turned into your accessible dream home. Rather than giving up on your house hunt, reach out to an experienced agent who knows how to find the right home for you.

 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

Stellar Home in Fredericksburg, VA! 324 Burman Lane Now SOLD!

Welcome to 324 Burman Lane! Imagine the privacy of backing to the woods, sitting on your deck, relaxing, and enjoying the sounds of nature while being so close to all that Harrison Crossing, Central Park, and downtown Fredericksburg have to offer! As perfect as the yard is, and not having an HOA, you will also love the interior spaces. The kitchen has all the amenities, island, and large eating area. The spacious living room is open and bright! The lower level offers a huge family room with a wood stove for those cold winter nights, bedroom, full bath, flex space and large laundry room. For more information on 324 Burman Lane, 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

Beautiful One Bedroom Condo in Reston, VA! 1965-B Villaridge Drive Now SOLD!!

Welcome to 1965-B Villaridge Drive! You will be wowed by the cathedral ceiling, open layout, you will love the kitchen with upgraded stainless steel appliances, gorgeous fireplace and spacious bedroom. Relax on your balcony after a hard days work. The HVAC unit has a germ killing ultra violet filter. The Wiehle Metro and metro bus stop within one mile, close to Reston Town Center, minutes from South Lakes shopping center, Lake Thoreau and Lake Audubon with boat ramp and pools. Surrounded by walking and biking trails. For more information on 1965-B Villaridge Drive, Click Here! To see a 3D Virtual Tour, click the link below!

https://my.matterport.com/show/?m=Y7TvY3nyg5B&mls=1

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