In the simplest terms, home equity is the difference between what you owe on your mortgage and your home’s current market value. If you owe $100,000 on your mortgage and your home is worth $400,000, then you have 75% home equity. Conversely, if you have a remaining mortgage balance of $300,000 on your $400,000 house, you have 25% home equity.
Staging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door.
Not only is an updated kitchen one of the best home renovations to boost your resale value (with an estimated 78.4 percent return on investment), but improving your kitchen can also lead to a more efficient and green-friendly home.
Soon the warm days will outnumber the cool ones. You’ll be able to get outdoors more often to get in the garden. You’ll need to tackle some gardening maintenance tasks and follow a lawn care schedule to keep your property in top shape.
Over the years, your family has created a home that perfectly suits you. Maybe the traditional living room has transformed into a TV room for your video-game-obsessed kids and the basement is your at-home fitness studio.
Everyone develops a home flow that works best for them. But when it comes time to sell, you don’t want to show buyers how you live. You want to showcase the features of your space and offer potential homebuyers a peek into how their lives can fit into your house.
Open house season is upon us! Whether you’re buying or selling, here are five tips to keep in mind as you plan your weekends around open houses. By following these basic steps, you’ll be destined for open house success!