When Should You Not Renovate
Despite the fact that renovation is a great idea, you need to know the perfect time to do that. And it's going to be different for everybody based on your personal experience and varying location. Here are some situations wherein you should consider to not renovate: 1. After binge-watching renovation shows. Renovation shows on TV always make renovation seems so fun, easy and fast. Well, that might not be true for all renovations. Some renovations will take a long time, some are just so tedious and plain unimpressive during the process. If you've been watching renovation shows for a while and are currently motivated to tackle all the DIY projects you have in mind, take time to pause and assess your situation first. Ask yourself the following: "Do I have the budget to COMPLETE this project?" "Do I have the skills/enough experience to COMPLETE this project?" "Do I have the time to COMPLETE this project" Take note. COMPLETE not START. Many renovation projects get unfinished because they prove to be too hard, too expensive, or too long because the DIY-er under-assessed the difficulty of the project. So take a moment and ask around. Ask your local builder for an estimate and be realistic if it's going to be more efficient to just hire them or if you can really do it yourself after all. 2. Going through a stressful time in your life. Since renovating a home is already stressful enough, it should not coincide with other events in your life. If you recently are adjusting to a new job, taking care of the sick loved one or anything at all the causes you to be stressed, put your renovation plans aside and schedule it for another time. 3. The weather is not on your side. If you have the money, skills, time and good mental space to renovate, then the final thing to double-check is the timeline of the renovation project. Make sure the weather at the start, during and finishing of the project are good so that you wouldn't waste any resources and materials during the process. If you've gone through the list and have decided that you're definitely ready to start your home renovation, call your local builder today! If you need any recommendation for the best local builder in the area, we've worked with the best! Call us at 925.415.0835! Sign up to our weekly newsletter to get the latest market update and listings available!
Tips for Selling Your Home During a Recession
For the past 2 years, the market has been in the favor of the sellers. Prices shot through the roof and buyers are making offers more than the listing price. However, there's been recent talk about the possibility of a recession and things are already changing in the market. The prices of homes are being reduced, more listings are becoming available and yet, less buyers are taking the leap in buying a home. As someone who's been thinking about selling your home soon, what are the important things you should note? Here are 3 of the most important ones. 1. Know the perfect timing. The recession is looming but it;s not yet here. While that is still the case, take advantage of the current pool of buyers who are grabbing the current interest rates before they even go up. The earlier you sell, the better. However, there would be "glitches" in the market along the way, so make sure that your realtor is someone who is on your side who will tell you the perfect time to make a move. 2. DO NOT overprice your property Gone are the days when homes are selling way above their asking prices. Although that indeed happened the past year (some listings even selling above 20%), the times are changing. Currently, buyers are becoming more cautious in choosing, and with the increasing number of listings available, an overpriced home with only result in having it sit in the market for a longer period of time. To know the best pricing for your home, talk to your agent and discuss your options and be realistic. Set aside the emotional value to you of your home and allow your agent to assess its current value in the market using their latest tech to give you a satisfying and justified price. 3. Choose upgrades that will definitely appeal to your buyer. If your budget is tight and could not afford to upgrade everything in your home before having it listed, choose the most important features that would capture the hearts of your potential buyers. Look at what made you buy your home in the first place and improve on that. Consult your agent on the best upgrades to make in your home. Better yet, allow your agent, who is most likely in a great relationship with the best builders in the area, to make the expert decision in making the necessary upgrades to your home. It's necessary to be flexible in the ever-changing real estate market. It's even more necessary to have an expert and experienced realtor on your side who knows how to navigate the market. If you want to work with our team, call us at 925.415.0835 today! Read some of the 350+ 5-star reviews we received on Zillow here! Sign up to our weekly newsletter to get the latest market update and listings available!
Reasons Why You Should Buy a Condo Now
The market is definitely different from what we've seen the past years. If you've been searching for your next home for the longest time and still hasn't found the one, you might want to consider buying a condo. These are the benefits in doing so. 1. You will increase your options. Have you been only looking at single-family homes for a while and you still get frustrated with the competition and the prices of homes? Consider looking at condos. This will give you more options to choose from. Not only your home options will increase, but it will also expand the neighborhoods you can choose from. 2. It's more affordable. Another big perk of considering to buy a condo is that it's going to be easier on the wallet. To give you figures, for single-family homes, the median price is $363,800. And for condominiums, the median price is lower at $305,400. The money that you get to keep in buying a condo can be used to renovate your space to make it homier or buy furniture that would really speak your style. 3. It's a great way to start building equity. Time is a huge factor in buying a home. A house's value can increase over a short period of time. Buying a condo now that fits your budget can be your stepping stone in buying your dream home. A condo might not be the perfect home for your now, but it's appreciation will definitely give you a boost when you finally find and able to afford the home of your dreams. 4. It's low maintenance. This might just probably the best perk is owning a condo. It's much cheaper to maintain overall and you get more time to do more things that you enjoy. It will be faster to save up for that dream home while not having to worry about looking for a space for a good amount of time. Open to buying a condo as an option? We're here for you! Call 925-415-0835 today to find out what condos we have available for you! If you'd like to be updated with our latest listings, and our curated market update, sign-up to our weekly newsletter here!
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