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Five Trending Home Decorating Tips to Use This Year
Posted on Tue, 20 Feb 2018, 11:55:00 AM  in Home buying tips,  Home renovations, etc.
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When you haven’t redecorated your home in several years, it can look old-fashioned. It is easy to overlook the worn upholstered furniture in your home or the faded wallpaper on the walls, but you will be happier in a home that is updated occasionally. When you are ready to change the decor in your home, it is important to understand the latest trends. While you might not have the money to replace all of the furniture in your home, there are less expensive ways to make updates. Use these ideas for updating your home to create an ambience that brings you joy.

 

Decorating Tip 1: Add Brass Embellishments To a Room

Five Trending Home Decorating Tips to Use This YearBrass embellishments are trending right now, and this can also lead to a classic look. You don’t need to fill your entire home with brass decor, but you can add a few items to update a room. Some of the brass items that you can find at online or local stores include picture frames, flower vases or accent tables that are perfect for a home’s living room. For a kitchen or bathroom, you can find brass knobs to use on cabinet doors or drawers in addition to brass canisters and soap dishes.

 

Decorating Tip 2: Use Velvet-covered Embellishments In a Home

You can also find lush velvet-covered embellishments for your home, including soft throws for the back of a couch. Find velvet-covered pillows that look great next to the throws to add more color to a living room. If the upholstery on your living room’s furniture is worn, then order stretchy velvet covers to add to the couch and chairs. In a bedroom, you can add a soft velvet bedspread that is made in your favorite color.

 

Decorating Tip 3: Choose Jewel Tones For Your Home

Currently, jewel tones are trending for home decor, and there are several colors to choose from to add a vibrant ambience to your home. The jewel tone palette includes emerald green, ruby red and yellow diamond. Choose your favorite color to find furniture or embellishments that will modernize your home with a bright jewel tone. Look for jewel tone figurines, bookends and boxes to create a new look in every room of your home.

 

Decorating Tip 4: Use Lavender or Lilac Colors In a Room

Last year, pink was a trending color for embellishments and wall paint, but this year, decorators are selecting lilac or lavender colors for a home’s decor. These colors are best for decorating a woman’s bedroom or a powder room, and you can find towels, rugs, shower curtains and bedding in these colors. If you don’t want to use too much lavender or lilac, then select a pattern that has a small amount of these colors. When you want to use lilac or lavender for painting, use it on only one wall or paint the trim in a powder room with these colors.

 

Decorating Tip 5: Use Deeply Colored Window Blinds or Draperies

You might ignore the window coverings in your home, but these items can degrade from the sunlight and drafts that enter through a window’s glass. One of the latest decorating trends for a home’s windows include using deeply colored draperies or window blinds rather than hanging neutral tones over the windows. You don’t need to throw away your old window coverings because you can pack the items away for a few years while you enjoy deep burgundy or hunter green draperies in your living room or bedroom.


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Five Structures That Will Improve the Appearance Of Your Home’s Lawn
Posted on Thu, 15 Feb 2018, 11:55:00 AM  in Home selling tips,  Home renovations, etc.
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When you want to increase the value of your property, you should update the lawns with interesting or useful features. Today, homeowners enjoy using their lawns for relaxing after work or entertaining on the weekends, but they want to have great places to prepare meals and sit. Fortunately, there are easy ways to add a variety of structures to your property's landscaping to improve its appearance.

 

Lawn Improvement 1: Install an Outdoor Kitchen

Five Structures That Will Improve the Appearance Of Your Home’s LawnYou can visit a home improvement store to see different designs for outdoor kitchens. It is possible to have a customized outdoor kitchen that meets your unique specifications, or you can find kits for outdoor kitchens that you can assemble to place on the back lawn of a home. To install an outdoor kitchen, you will need a permit to add electrical wiring and plumbing to your property. An outdoor kitchen will have a grill, countertops and a refrigerator so that you can prepare an assortment of foods outside your home. In addition, this outdoor space will have a roof along with a paved floor that is suitable for tables and chairs.

 

Lawn Improvement 2: Have a Pergola In Your Backyard

If you want to spend time outside without worrying about the sun's ultraviolet rays, then build a pergola in your home's backyard. These are typically wooden structures that provide some protection from sunlight. You can also use a pergola at night by adding strands of solar lights to the wooden slates on the walls and roof of the structure. When you enjoy having flowers in your backyard, you can plant ivy that will grow up the pergola's slats and onto the roof. Pergolas are often built above a deck, but you can also have the structures on the other areas of your lawns.

 

Lawn Improvement 3: Create a Meditation Garden At Your Home

When you want to meditate outside your home, you can create a special garden. Meditation gardens frequently have a centralized area that is paved so that you can have a relaxing place to sit or recline. This paved zone is the perfect place to place a statue or fountain to use as a focusing object. If this area is large enough, then you can also use it for yoga exercise by bringing a soft mat to the paved area. A meditation garden is also the perfect place for planting a variety of flowers or herbs. When your lawn is large enough, you can also have a small pond filled with goldfish.

 

Lawn Improvement 4: Place a Greenhouse On Your Home's Lawn

If you want to extend the plant-growing season in Canada, then order a ready-made greenhouse for your home's backyard. This type of structure is primarily made of glass so that plants receive a lot of sunlight. With a greenhouse, you can grow vegetables, fruits and herbs year-round along with beautiful flowers. You can install a cooling or heating system in a greenhouse to make it easier to use during the winter or summer months.

 

Lawn Improvement 5: Build a Gazebo Outside Your Home

Gazebos are interesting round, square or octagonal outdoor structures that have open sides and covered roofs. A gazebo is often built in the middle of a flowerbed, providing a great place to sit and relax. This type of structure has a wooden floor, and you can install built-in benches for seating areas. The middle area of a gazebo is usually large enough for one or more tables and several chairs so that you can have a picnic outside.


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Acquiring A Home - Helpful Tips
Posted on Sat, 10 Feb 2018, 11:50:00 AM  in Home buying tips
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Buying a new home is a time-consuming venture yet an exciting investment. It involves costs and risks. The process is stressful hence requires some planning to determine the best house for you. Most home buyers realize that the cash is not enough to buy and customize their new home after concluding on the deal. However, each homeowner experiences different challenges depending on the house they are purchasing and availability of funds. Outlined are some tips that will help you during the process of acquiring your new home.

 

Budgeting is Crucial

Acquiring A Home - Helpful TipsWhen planning to purchase your own home, you need to come with a budget to help you plan how much resources you need to buy the house. It helps assess the price of prospective homes you can afford. You will be able to determine the source of funding for your home.

Depending on the price of the home, you can use your savings to finance the purchase. Planning also guides you to determine how much you need to save for your new home. In addition to funds for the purchase, you will also need to budget funds for other items including maintenance costs, legal fees, repairs, and taxes.

 

Credit History

Most homeowners purchase homes using mortgages since houses involve a significant amount of capital. You need to know your credit rating since it will determine if you qualify for loans to finance the purchase of the home. The credit history will also determine amount and interest rate applicable to you. You can obtain your credit history from credit reporting firms in Canada. If you have a low credit rating, then you might not qualify for the mortgage hence it is crucial to understand your score before embarking on planning to buy a new home.

 

Consult Real Estate Agent

Before purchasing that dream home you have desired in your whole life, it is advisable to reach to an agent. An experienced realtor understands the property market and rules and regulations of property acquisitions in Canada. The real estate agent will assist you to find the best home that suits your needs, will arrange visits and home inspection, and negotiate the home price for you. The agent will also guide you on the process of buying your home and deliver the critical documentation on the property.

The agent will also advise you on the best method to finance your home from obtaining a mortgage, personal loans, and savings among others.

 

Home Inspection

Before concluding on the purchase of your new home, it is essential to search for prospective homes online. A variety of apartments are available online. Options enable you to choose wisely depending on price and budget, and your needs. Once you identify a potential match online, ask for a home visit to have a close look at the home. The tour enables you to assess whether the house meets your needs. You can also evaluate the location of the home depending on your choice of urban or rural residence.

When considering to a buy a home you need to budget for a home, check your credit score, reach out to an experienced real estate agent, and inspect prospective homes. Once you are satisfied with a home, you can go ahead finalize the deal.


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Do You Know How to Stage Your Home for a Successful Sale?
Posted on Wed, 31 Jan 2018, 02:00:00 PM  in Home renovations
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Home staging has become an integral part of the home selling process. This is true not only in Canada but across the world. This important process has helped home owners get excellent prices for their homes, enabling them to move on to bigger and better properties. If you don't know how to stage your home, or even what home staging entails, now is the time for you to get up to speed. Staging has helped people all across the nation get amazing figures for their property. It's much easier than you think and the value that you can add to your home is enormous.

 

Home Staging Has Replaced the Old Way of Presenting Your Home to Buyers

Do You Know How to Stage Your Home for a Successful Sale?In the old days, when you went to view a home, you were almost always confronted with a completely bare and empty property. You saw what the house looked like and what condition it was in. But that was all you saw. You really had no idea of what the home would look like once it was occupied by a family and all of their furniture. This was because real estate agents tended to subscribe to the belief that a home was best shown in this fashion. The theory was that a prospective home buyer would prefer to people the home with their own imagination, rather than view it as already full.

 

Staging Your Home is the Way to Guarantee a Quick and Lucrative Sale

These days, a whole new philosophy of home presentation has taken the place of the old one. Home staging is a new arrangement that allows a prospective buyer to see your home in more or less the same condition as they would imagine their own to be. In other words, they see a fully furnished home that looks like a genuine "lived in" property. This gives them a quick idea of whether they like what the place looks like or not. There's no more guesswork involved. For many people, this is a far more agreeable choice to make because it is based on actual evidence, not imagination.

 

When People See a Realistically Staged Home, They're More Apt to Buy It

It all comes down to the fact that when people see a realistically staged home, they're more apt to consider buying it. There are many reasons why this should be so. Perhaps the most compelling reason is that they don't have to imagine what a huge empty shell of a house will look like when it's filled with furnishings. By giving them a taste of what life will really be like when they move into the house, you can quickly bring them to a yes or no decision that will streamline the process of selling your home.

 

You Can Hire a Home Staging Service to Get Your Home in the Proper Shape

It's easier than ever to hire a professional home staging service to help get your property in selling shape. There are plenty of reputable and reliable services to choose from all across Canada. All you have to do is contact a service and let them know what you need done. They will usually send a team out to go over your property and discuss with you what needs to be done, how soon it can be done, and what it will cost to get it done. From there, you can begin almost immediately. It normally takes less than a day to stage your home, after which you can begin to show it to buyers.


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Buying and Selling Real Estate Property
Posted on Sat, 20 Jan 2018, 01:55:00 PM  in Home buying tips,  Home selling tips, etc.
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To most people, buying or selling a home is the greatest financial transaction they would ever engage in. The gravity of the transaction and decision requires that a person knows exactly what they want and need when purchasing a home or when selling the one they already have. A person would need to have information concerning their sources of finance and the types of agents to hire. The buyer of a home should also know that they have the right to ask for an opportunity to inspect their prospective homes before committing themselves to any financial transaction. It is also prudent that a homebuyer hires the services of an expert to assess the value of the home they wish to buy.

Buying and Selling Real Estate PropertyChoosing wisely is crucial and is the only way of ensuring that a person secures a good deal in the contemporary real estate industry. A buyer or seller should decide whether it is the most appropriate time to buy or sell the home. They should take precaution during contract negotiations and should understand the ins and outs of the process. For those who wish to use the mortgages to finance their new home, they should ensure that the interests are low as possible.

Tips for Anyone Wishing To Sell Their Home

Most Canadians find it very difficult to sell their homes, but some reasons compel people to sell them. Canadians sell their homes only for genuine and good reasons, including the unsuitability of their current homes with their current needs or lifestyles. A job offer to another location would also make the current location unsuitable. Impending retirement and the need for low maintenance could also make a location be unsuitable for the homeowner. Another reason could be the size of the home. If a home is too small or large for his family, then the owner could decide to sell it. Still, others decide to sell their homes after disasters such as the death of a family member or divorce, hence the need to change the residential environment. With this said, it is obvious that selling a house without any genuine reason would be a bad choice to make in life.

Before buying a property, it is advisable to ensure that the home was well maintained by the previous owner. This would help the buyer avoid any hidden costs or problems that might come after purchasing the home. A complete checklist would enable a homebuyer to make the right choice on what property to buy. The first issue to check is the fire safety; it is crucial to establish the presence of smoke and carbon monoxide detectors in the home. It is also important to find out the type of roofing material utilized in the construction of the home. The roofing material determines the life of the roof. The windows should be well sealed and double paned if possible while the foundation should be free from any cracks.

Other areas to check include the type of wiring and plumbing system in the home. Some systems could be inconvenient and replacing them could cost a quite a fortune. Water pressure should be enough and the plumbing system should not have any leaking problem. The bathrooms should be free from mould and water damage. Finally, yet importantly, the appliances in the home should be in working condition and well maintained.

Real Estate subject To Clauses

The subjects to clauses are the safety hatches for buyers in contract negotiations in Canada’s real estate. They provide the buyer with the best way to get out of the contact in case things do not work as planned. The common subjects to clauses in Canadian real estate include the subject to financing, subject to sale and subject to inspection. Any serious buyer must make effort to understand these three clauses before getting into any binding contract.


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7 Tips to Becoming a Great Renter
Posted on Mon, 15 Jan 2018, 01:50:00 PM  in Home buying tips,  Home selling tips, etc.
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Most renters tend to center their focus on their tenant rights and forget about everything else. While this is important, as a renter, you need to cultivate healthy relationships with your landlord and neighbors. Having a good relationship with these parties will give you an upper hand during the rental process. Having happy neighbors will also help you avoid unnecessary confrontations. Here are a few tips on how to be a great tenant.

 

  1. Read your lease
    Before signing your lease, read it from cover to cover. Doing this will help you detect any potential problems before they occur. A good landlord should walk you through the terms of the lease. In case you have a friend or relative who visits often, you need to inform your landlord beforehand. If you make any spoken agreement with the landlord, for instance providing lawn care, ensure he writes it down in the lease. Then as soon as you sign the contract, request for a copy of the document. Having a well-documented contract will help you evade any tenant rights issues later on.

 

  1. 7 Tips to Becoming a Great RenterBring your paperwork
    You can win over a prospective landlord by being well prepared. To get an advantage over the other applicants, you need to prepare the following documents:
  • A completed rental application
  • References from employers, landlords, and colleagues
  • The latest copy of your credit report

You can obtain your credit report online, by phone, or mail from Annualcreditreport.com, or directly from the three primary credit bureaus:

  • Experian: www.experian.com
  • Equifax: www.equifax.com
  • TransUnion: www.transunion.com

 

  1. Protect your privacy
    Apart from disputes over security deposits and rent, one of the most common misunderstandings involves the tenant’s right to privacy and the landlord’s right to enter a rental property. You need to understand your privacy rights that include a written notice your landlord must give in advance before entering. This will help you protect your privacy.

 

  1. Avoid breaking the lease
    Most tenants think breaking the lease only means not paying the rent, subletting the unit without permission, or cutting out early. However, the small things count too. Although a landlord can expel a tenant for infringing any terms of the lease, most of them won’t. But if you stick to the terms of the contract, you will exist peacefully with your landlord.

 

  1. Purchase renters’ insurance
    In case you incur losses due to theft or damage, your landlord’s insurance policy will not cover your losses, and this is where the renters’ insurance comes in. It will also cover you in case you are sued by a person who claims to have been injured in your unit because of your carelessness. Renters’ insurance will also protect you in case of damage caused by natural disasters or other people.

 

  1. Pay your rent on time
    A renter who pays the rent on time makes the landlord happy. Thus, ensure you send the check a few days before it is due to avoid any bank or mail holdups. Sometimes, due to financial hardships, you may be forced to pay your rent late. In this case, inform your landlord as soon as possible.

 

  1. Treat the rental unit like you own it
    Take great care of the rental to ensure you get your security deposit when you are ready to move out. Doing this will also give you favor with the landlord. Although normal wear and tear are common in rental units, avoid causing any significant damage to the unit. Damages will annoy your landlord and eat away at your security deposit. Also, remember to keep your rental clean, especially if you have pets. A clean, odor-free unit will make your landlord happy, and this means more negotiation power.

Every state has different rules regarding renting. Thus, you need to check with your state before signing the rental lease. And if you are in doubt, ask your landlord or the local housing authority.


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5 Canadian Real Estate Trends to Watch in 2018
Posted on Wed, 10 Jan 2018, 01:45:00 PM  in Home buying tips,  Home selling tips, etc.
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There are some trends developing as consumers consider buying Canadian real estate in 2018. Keeping these trends in mind may help buyers and sellers get the best deals.

 

Create Destination Shopping

5 Canadian Real Estate Trends to Watch in 2018Those who are looking to buy brick-and-mortar stores along with shopping malls will need to get creative in the way that they attract consumers to their location as they compete with the rise in online shopping. Sellers will want to emphasize the possibilities of making their site as attractive as possible to those buyers who are looking to create destination shopping. Meanwhile, buyers need to consider how they can attract people to a location. The hottest properties are likely those that can be positioned for services consumers cannot get online such as spa treatments, eating out and recreational activities.

 

Poor Performance in Office Real Estate

One of the hardest to move segments of Canada's real estate market right now is office buildings. In fact, some communities experienced up to a 12 percent decline in selling price during the last quarter of 2017. New office development has outpaced demand since at least 2014. Many developers have stopped building new office complexes recently, however, so now may be the best time to make a purchase as prices may start inching upward.

 

Need for Industrial Outstrips Demand

With more consumers than ever turning to e-commerce to buy products, the need for warehouse buildings is outstripping the supply. In order to command the best prices, however, buildings need to have high ceilings allowing operators to use forklifts and other equipment easily. Additionally, these buildings need to be accessible to high-speed internet and have great security.

 

Slow Growth in Price of Homes

Most buyers are projected to get a very small increase in their salaries over the next year. Therefore, they may not be able to pay exorbitant prices for single-family homes. First impressions will remain very important with more buyers turning to the internet to see a property before contacting a REALTOR® about taking a tour of it. Buyers may find that their money goes slightly further in many markets.

 

Condominium Market Remains Strong

If you go back to 2000, you discover that less than 50 percent of new units being constructed were multi-family buildings. Today, about 66 percent of new builds are condominiums. After years of smaller units, buyers are now finding larger units available in many buildings. These units are particularly attractive to young buyers who want to live-work-play in one place while retirees are also wanting to exchange the worries of caring for a home for a more carefree lifestyle. Prices may soar, especially in highly-sought-after city cores as developers are facing more taxes and regulations. Sellers of these units generally have very little trouble moving them, but when they do, concentrating on developing purpose-built buildings may help them sell faster.

These five Canadian real estate trends are likely to drive the market in 2018 and beyond. The year should be particularly good for those with industrial properties and condominiums to sell while those buyers needing office properties may find it a great year to be a buyer.


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Create a Rustic Home With Vintage Items
Posted on Sun, 31 Dec 2017, 02:20:00 PM  in Home renovations
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If you want to create a rustic-looking home environment, then you must think about what homeowners had in the olden days. Old-fashioned homes didn’t have man-made materials such as plastic or polyester, so you must focus on buying things that are made from wood, metal and natural fabrics.Create a Rustic Home With Vintage Items

Keep Modern Amenities While Having a Rustic Home

You don’t need to give up the modern amenities such as your refrigerator or plumbing equipment to have a rustic decor because there is an assortment of vintage items that you can buy. Alternatively, you can find ways to hide or decorate modern devices to have a rustic-looking home that is still comfortable to live in.

Search For Antique and Vintage Items

To have a rustic appearance in a home, you can visit local or online stores that sell vintage and antique items. If you enjoy do-it-yourself projects, then you can convert old items into decorative objects. You can find old doors or window frames to use as decor in your home. Use your imagination to add wooden legs to an old door, or use an old wooden window frame to hold family photographs.

Make Your Own Vintage Window Coverings

For a rustic appearance on your home’s windows, you can use lacy curtains made from vintage tablecloths. If you look at specialty online stores, you can find rustic fabrics to make heavier curtains. When you know how to sew, you can visit fabric stores to buy gingham fabrics in a variety of colors that often have checked designs that offer a rustic look.

Use Old-fashioned Fabrics Throughout Your Home

While buying vintage fabrics for the windows, make sure to select additional material to make throw pillows for the couches and chairs in a living room. Gingham fabric is also suitable for making a tablecloth for a dining room table or for making a table runner to use on a living room’s coffee table.

Decorate a Fireplace’s Mantelpiece With Vintage Items

A fireplace is an important decorative element in a Canadian rustic-looking home, and it can also provide heat for your home throughout the winter. If your home has a fireplace, then you can create a rustic ambience by installing a stone or brick mantelpiece above the firebox. The mantelpiece is the perfect place for showcasing vintage items such as candleholders or lanterns.

Install an Electric Fireplace Anywhere In Your Home

If your home doesn’t have a fireplace, then you can have an electric fireplace in any room of your home to create a rustic appearance. With an electric fireplace, your dining room or bedroom can look like an old-fashioned farmhouse, and you can have additional warmth in the colder areas of your home. Choose an electric fireplace that has a mantelpiece that you can decorate with vases of flowers or containers of pinecones.

Create Rustic-looking Bathrooms

In addition to have a rustic dining and living room, you can create an old-fashioned ambience in the bathrooms of your home. Layer a gingham fabric shower curtain over a plastic shower curtain, and use wooden towel racks. Look for a toilet seat that is made of natural wood that is covered with layers of protective waterproof shellac.

Have an Old-fashioned Canadian Kitchen

To have a rustic kitchen, continue the theme of using gingham fabrics by using brightly colored dishcloths and towels. Place vintage canisters and cookie jars on the kitchen’s countertops. You can paint the cabinets in your kitchen a plain white color along with replacing the hinges and knobs with vintage hardware.


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Canadian Real Estate Is Testing Change
Posted on Wed, 20 Dec 2017, 02:15:00 PM  in My services
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The new banking rules that go into effect January 1 require stress testing for several classes of mortgage transactions. The idea is to make sure that buyers do not take on more current debt than they can safely manage. The benefit to the consumer is the surface idea of the reforms, but many commenters see the advantages for lenders as far more substantial.

The New RulesCanadian Real Estate Is Testing Change

The essence of the new rules is that lenders must put the borrower’s financials through a scenario of an increase in interest rates of 10 to 20 percent. The idea is to set mortgage limits with the anticipation of rate increases during its term.

January 1 Comes Early This Year

The bank rule has an effective date of January 1, 1018. The advisory to lenders suggested that they should implement the rule as soon as possible, and earlier than January 1, 2018, if convenient. Some lenders may have done so, and for those borrowers, the new year comes early.

The net effect to most borrowers is to lower their loan capacity by about 10 to 20 percent. For example, a borrower that might qualify under existing rules for $500,000 mortgage, will only get about $450,000 under the new rules.

Renewing May Be Harder

For borrowers from Provincial Banks, the new rules will not have any direct effect. They will not have to stress test new buyers or renewals. However, that does not tell the entire story. The idea of competition has been changed, and this is not to the borrower’s advantage. The impact on competition favors lenders.

Who Else Is There?

If you are a borrower needing to renew a mortgage that will expire, then you must act; the end of this calendar year may close your best window of opportunity. Once the new rules go into effect, you will have to go through a stress test if you want your lender to compete with the national banks.

Your current provincial lender can offer terms that can include premiums of one-half to one percent, or more because a borrower with high levels of debt could not pass a stress test at a nationally chartered bank. In effect, there is no one available to make a better loan. The high-debt borrower has no bargaining power.

High Debt Borrowers and Newbies

A similar situation occurs to new buyers or those with limited incomes. They may seek higher loan amounts than the system can offer under the new rules. High-debt borrowers might depend on financing to manage their debt; after all, they may have a large amount of equity in the home that can help manage short-term debt.

New buyers already need to purchase insurance, and more will have to buy it. Some that could have passed under the current rules will not succeed under the new rules.

The Lenders Gain

The regulated banks that require stress testing benefit by having a stronger clientele. The provincial banks gain by charging premium rates for loans to customers that essentially have few or no other options. In both cases, the lenders gain. Prices show no sign of a significant drop, and demand still outpaces the supply across the nation.

Foreign Investment May Rise

Despite rules in the past year to penalize absentee ownership in hot markets and discourage it everywhere, the demand by foreign buyers for Canadian Real Estate may get stronger in the coming year.

Two factors may affect the market. The fall of London as a destination, and the current situation in US markets. By contrast, Canada stands out for its political stability and firm economic direction. In Canada, public sentiment and national economic policies have a high degree of cohesion that investors find attractive.


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7 Benefits of Purchasing a Fixer Upper
Posted on Fri, 15 Dec 2017, 02:10:00 PM  in Home buying tips,  My services, etc.
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Buying a fixer upper is a very ambitious step in home ownership. The ideal fixer upper is the home everyone wants when in perfect or near perfect condition, but cannot see past the work that needs to be done to repair its imperfections. There are definite benefits to buying a home that needs a little more attention than a move in ready home.

Let’s discuss seven of the benefits of buying a fixer upper.7 Benefits of Purchasing a Fixer Upper

  1. Lower Sales Price 

    A home in need of repair will most likely sell for less than the assessed price. The owner may be more willing to negotiate a sales price more to your liking. Keep in mind, the dollars saved at sale time will eventually go into repairs and upgrades for the home.

  2. Great Way to get into Home Ownership 

    A home in the right neighborhood will always add value when it is time to sell. A fixer upper in the right neighborhood can be a more economical route to your desired location. Such a plan will help you achieve your ownership plan sooner rather than later and perhaps in a better neighborhood. That is important if the neighborhood is in a great school district and close to transportation and shopping.

  3. Less Competition 

    Typically, a fixer upper is not everyone’s objective so purchasing such a home will often result in less competition. Not everyone in the market for a home wants to invest time and effort into a house that is need of work. Looking for a fixer upper takes the same patience as purchasing a ready to move in home. There are imperfections that are cosmetic while others are structural in nature, but both can be fixed and finding the right home for you is often directly proportional to the time and effort you are willing to take on.

  4. On the Job Training 

    While it is never advisable to take on work that is beyond your capabilities, purchasing a fixer upper is a great way to learn home repair. It is not out of the question to take on something unknown and learn, but it is always advisable to look for direction from an experienced source. Working on a fixer upper will help to properly maintain the home.

  5. Resale Value Uptick

    Purchasing a home in need of repairs for an economical price and putting money into it to bring it back to near pristine conditions will pay-off in the long run. Resale value is something to always keep in mind and it should be part of the long term ownership plan. It is the perfect time to upgrade the kitchen and bathroom or even to add a full or half bathroom. Upgrading a home in need of repairs will sometimes build equity quicker and the opportunity to refinance sooner if desired.

  6. Have it your way 

    Purchasing a fixer upper is the best way to put your own personal stamp on your home. Consider it a blank canvas waiting for you to decide just how the home will look. It is the opportunity to choose the color, carpet and fixtures and make the home your own rather than essentials and amenities of someone elses choosing.

  7. Pride in Ownership

    Completing a home improvement project will always give you a sense of accomplishment, but renovating a fixer upper and creating a thing of beauty will be more than accomplishment. It demonstrates pride in ownership plain and simple and gives you bragging rights.

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