|
|
|
7 Big Reasons To Invest In Pre-Foreclosures
Looking for an "in" to real estate investing?
Working a nine to five job swapping time for money can be incredibly dispiriting. After the futility of it all hits home, it's all you can do to limit the number of home business opportunities you...
Descriptive Terms In Real Estate Ads – Even More Definitions
If you are buying or selling a home, the chances are good you struggle with the meaning of descriptive real estate terms. Here are explanations and definitions for more terms.
“Living Room” & “Family Room”
When a home has both a living room...
Do You Work From Home? Plan Your Next Home Purchase Accordingly
The flexibility afforded by a “zero-commute” combined with the skyrocketing price of gasoline has strengthened the case for full time teleworking and telecommuting. According to an Environmental Protection Agency (2004) study:
“Americans spend...
Is it the Flu or is it Carbon Monoxide Poisoning?
Is it the Flu or Carbon Monoxide Poisoning?
By Erby Crofutt, B4U Close Home Inspections www.b4uclose.com
The flu and carbon monoxide (CO) poisoning share many symptoms: headache,
dizziness, nausea, weakness, confusion and fatigue. ...
What Do You Need To Know About Real Estate
An estate agent is one who is involved in the sale of houses and land. The job of estate agent is not new. But with a rise in population, the task of estate agent has gained momentum. With increasing number of people there are more houses and lands...
|
|
| |
|
|
|
|
|
|
Buying A Home: Some Essential Tips
Most of us won't live in the same house for the rest of our lives, so it makes sense to begin analyzing resale values from the very first day we set out to buy a home. Buying a home with good resale value might take a little longer, and it might take a bit more work on your part, but payback comes around when it sells quickly and for more money if you decide to move.
Here are some tips to help you make good home buying decisions:
Location is Essential
Location is regarded as the most desirable aspect while buying a home. A good location has a good resale value. Try to find out the answers to these questions when you are buying a home:
Why are those neighborhoods in demand and how long have they been top choices?
Are there other areas in town that are increasing in desirability?
Does new growth seem to be headed in one direction? Will there be plenty of services (groceries, shopping, schools) in that area?
Is the community changing--with residential areas shifting over to commercial properties?
First Lesson for Buying a Home
Always choose a home that suits your needs, but if you can, find one in a location that others seem to want, too.
Who's Buying?
Who are the primary home buyers in your town? If it's senior citizens--or a crowd getting close to that age, your best resale potential might be a one level home, because seniors don't like to do steps.
If the majority of buyers in your area are young families with children, consider a house with a large yard that's not fronted by a busy street or a house with plenty of bedrooms and baths.
Second Lesson for Buying a Home
Browse your local real estate ads. A feature that's mentioned in numerous ads is likely one that's in demand.
Avoid Outdated Features!
One-bath homes sell for significantly less than homes with at least two baths--and they take longer to sell.
Electric baseboard heat and electric ceiling heat are not as desirable as central heating systems.
Tubs and showers in outdated colors, or scratched from years of improper cleaning, might be hard to change without ripping out doors or walls.
Third Lesson for Buying a Home
Outdated features are usually a negative, but you can turn them into a positive if you buy a home under market value and make updates. Before you make a decision, analyze the update costs and determine how much they will add to the home's value.
Don't Sweat the Cosmetics!
Fresh paint inside and out is a quick and relatively inexpensive fix--and sometimes makes the home look like it's had a complete overhaul.
New appliances freshen up a kitchen. So does new cabinet
hardware.
Adding glass doors to a few kitchen cabinets gives them a new look--and lights inside them add more appeal.
It takes some time, but painting kitchen cabinets isn't difficult--and it can change the entire character of your kitchen without buying new cabinets. Use smooth, micropore paint rollers for excellent results.
Skylights and sun tunnels brighten a dark home. Be sure to buy top-quality products and install them with care.
New light fixtures do wonders to lighten rooms and enhance character.
New switch plates are an inexpensive way to make a room look nicer.
Fourth Lesson for Buying a Home
Sometimes attention to cosmetics is all a home needs to make it shine. Watch for homes in need of cosmetics, because they're often priced under market value.
What Are Buyers Looking For?
Closets--lots of closets, preferably walk-in, and as much additional storage space as possible.
The term light and bright is a little overused, but it's an accurate description of one buyer favorite. Homes with lots of natural lighting are very popular.
Split bedroom plans, with bedrooms on each end of the home, are becoming increasingly popular with buyers.
If you live in a scenic area, having a view can help you sell.
Fifth Lesson for Buying a Home
Popular features differ from region to region, so try to determine what's in demand in your town. Ask your real estate agent whose features are always on buyer’s want lists.
Bottom Line
Your first objective is to buy a home that's right for you, but do consider its resale value before you make the final decision, especially if you know you'll move again within three to five years. A careful purchase now will help give you extra funds to move up with the next time you buy a home.
About the Author: Suvadip Das is a research fellow in management and a web developer. Web design including keyword enriched articles is his passion. He works for Freelance Writer Organization and various websites including http://www.super-mortgages.com . More information on similar topics can be found at http://www.super-mortgages.com/First-Time-Home-Buyer and http://www.super-mortgages.com/Residential-Mortgage-Loans .
Note to webmasters: Above hyperlinks must be kept intact when this article is published in another website.
Source: www.isnare.com
|
|
|
|
|
| Real Estate, Property, Land and Homes for Sale, lease and rent ... |
| Comprehensive real estate and property listings. Includes information on buying and selling, tips on building, an auction timetable and other helpful ... |
| www.realestate.com.au |
|
| Real Estate | Homes for Sale | Houses for Sale | MLS Listings ... |
| RealEstate.com provides home listings , homes for sale , REALTORS , house listings , apartment locating services. We have Florida real estate , Texas ... |
| www.realestate.com |
|
| REALTOR.com: Real estate listings & homes for sale |
| Search for a new home or find mortgage rates, real estate agents, and relocation services throughout the US, Canada, and Puerto Rico. |
| www.realtor.com |
|
| Real Estate on Yahoo! Real Estate - Homes, Mortgage Rates, School ... |
| Yahoo! Real Estate is the most comprehensive place for real estate, housing market information, school reports, local mortgage rates and more! |
| realestate.yahoo.com |
|
| Find Your Home Value, House Values and Prices on Yahoo! Real Estate |
| Yahoo! Real Estate - Free instant home values and comparable home valuations for millions of houses. Check your home's price or any house value. |
| realestate.yahoo.com |
|
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses ... |
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses for sale at Realestate.co.nz. |
| www.realestate.co.nz |
|
| Real Estate - Buy, Sell or Rent a Home - New York Times |
| Online real estate listings for properties in New York and nationwide. |
| www.nytimes.com |
|
| Century 21 Real Estate Agents and Brokers |
| Agency with franchised offices throughout the United States, Canada, Europe, Latin America, the Middle East and Asia. Find local offices and agents, ... |
| century21.com |
|
| Zillow - Your Edge in Real Estate |
| Zillow provides a free Home Valuation Tool for Real Estate enthusiasts. Whether you're an agent, broker, buyer of investment property or first time ... |
| www.zillow.com |
|
| STLtoday - Homes |
| Real estate agent revels in the boom in downtown St. Louis living ... [more real estate news as seen in the St. Louis Post-Dispatch] ... |
| www.stltoday.com |
|
| Real estate - Boston.com |
| Boston Real Estate - Search the Boston Globe and Boston.com for Massachusetts Real Estate, Boston Condos, Land for sale, Vacation Rentals and more. |
| www.boston.com |
|
| ABCs of Real Estate |
| Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers. |
| www.realestateabc.com |
|
| washingtonpost.com - Washington DC real estate, Maryland real ... |
| Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
| www.washingtonpost.com |
|
| Coldwell Banker Real Estate Corporation |
| Real Estate from Coldwell Banker ®. Buying a home, selling a home, or finding a real estate agent is easy with Coldwell Banker. Find a home, sales associate ... |
| www.coldwellbanker.com |
|
| Detroit News Online | Real-Estate |
| Sellers around the state have been frustrated with the slow sales patterns of Michigan real estate over the past year or two. But buyers have been enjoying ... |
| www.detnews.com |
|
| Newsday.com - Long Island Real Estate for Nassau County and ... |
| In a real estate market increasingly defined by niches, ... Real Estate Resources. Search by school district for recent home sales in Nassau and Suffolk ... |
| www.newsday.com |
|
| Real Estate for Sale, Rent and Share @ Domain.com.au |
| Real Estate for Sale, Rent and Share @ Domain.com.au. Houses and apartments for sale or rent all over Australia. Thousands of properties in Sydney, ... |
| www.domain.com.au |
|
| Luxury real estate news and features - Forbes.com |
| Luxury real estate news and features at Forbes.com. Core topics include real estate, mansions, condos, co ops, oceanfront realty, second homes, ... |
| www.forbes.com |
|
| Real Estate News - Prices, Mortgages, and Calculators from CNNMoney |
| Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more. |
| money.cnn.com |
|
| Los Angeles, California, national and world news, jobs, real ... |
| Los Angeles' leading online source for local, state, national, world, entertainment, and sports news. Plus jobs, real estate, cars and shopping information ... |
| www.latimes.com |
|
|