Doris Arnold's Blog
You may have looked up what the estimate of your home’s value is online. This is purely a number based on what other homes in the neighborhood are selling for. There are some obvious factors that you need to know to calculate your home’s value. These include: how many bedrooms, how much square footage and how much land the home resides on. There are some not so obvious factors that are included in calculating the value of a home. Here’s some things that typically affect a home’s value:
The Street Name
As bizarre as this sounds, it’s true. Whatever suffix that your street name ends in can have an impact on the price of a home. “Street” is less expensive than Boulevard, Road or others. You may even be lucky enough to live on Park Place or Boardwalk!
Your House Number
People have superstitions and varying beliefs. Whether it’s numerology or the fact that you live at an infamously unlucky number house, buyers will be less attracted to your place. This is another one of the stranger factors you must keep in mind when it comes to valuing your home.
If you live close to any neighbors, they will play a factor in how much you can get for your home. If your next door neighbor has strange taste in paint color or has built an eccentric shrine in his front yard, potential buyers may be turned off. You can’t pick your family. However, if you’re moving you do have a say as to what kind of neighbors you’ll surround yourself with. Be prepared for this to affcet your home value if this is the case.
Did you know that trees increase the value of your property? When properties are being built, trees are often cleared away. If you have trees around your property that have grown, you’ll find that you can get a bit more for your home. Want to add value to your home? Get planting!
Crown Moldings Are King
People love crown molding. You can put in crown molding as an easy way to add value to your home and be more attractive to buyers. While buyers look for high ceilings, crown molding can certainly be a deal breaker.
Your Hobbies Are A Buyer’s Hobby
If you have anything in your home that buyers love, they’re more likely to want to buy the home. If you’re a huge football fan, and a buyer comes along with matching interest, you could add some more attention to your home. The reason is that buyers can easily see themselves there due to the shared interest. But, this also has a reverse effect. Not everyone is a football fan. If you want to appeal to a larger pool of buyers, (which you probably do) you may want to get the extensive hobby paraphernalia out of your home before it’s shown.
A Crime On The Property
If there was a death on the property or a significant crime, people will be turned off. This will significantly affect the value of your property. You’ll most likely have to reveal the death or the crime in the buyer’s disclosure as well based on legal requirements.
Whatever is nearby could have a significant effect on your home’s value. Whichever kind of grocery store or restaurants are nearby can really help the value of your home. People love their daily coffee! If there’s a unique coffee shop down the street, or a popular grocery chain, you could be looking at potential gains on the value of your home.
When it comes to finding a place for you and your family to live, there have never been more options available than today. Banks and property owners have made living arrangements available and accessible to people of any lifestyle; whether you plan on staying in a home for just six months, or for the rest of your life.
It isn’t always easy, though, to determine which option is best for you. In this article, we’ll break down the financial and lifestyle characteristics of the four most common living situations: condominiums, townhouses, apartments, or owning your own home.
Condominiums are a type of community living. But, they’re more than just an apartment that you own. Most condos are attached; meaning they’re not separated by yards and driveways. Some, however, are detached. One thing that is true for all condos, however, are the common areas throughout the development. This can include things like a park, yards, gyms, pools, or lounges and cafes. The best part about those amenities? You don’t have to worry about their upkeep.
So, since you own the condo, who pays for the common areas? Odds are, you’ll be paying a monthly fee or a homeowners association fee to upkeep the amenities your condo came with. Expect higher fees for better amenities and prime real estate location.
What about maintenance? Since you own the condo, you’re responsible for much of the interior maintenance, such as appliances. However, outdoor issues like roofing or siding are usually the responsibility of the homeowners association or property manager.
Condos are ideal for people who are somewhat committed to an area, and who want independence over their home without having to take care of all the landscaping.
Townhouses are in many ways the opposite of condos. They are often rented but they look like single family homes, complete with a driveway and front yard. There are also typically homeowners association fees for townhouses, but they can be significantly less since there are fewer amenities in a townhouse living environment.
Depending on your long-term plans, you can either rent or buy townhouses. Renting is usually a better choice for inhabitants who don’t plan on staying in the residence for more than a couple of years.
If what you truly seek in a home is independence and privacy then traditional homeownership might be the best option for you. If you own a home outright and don’t have to answer to a homeowners association, you get to choose what you do with your yard. There are of course, some limits to this, like getting additions approved by zoning boards, or trampolines signed off by your insurance company.
Financially, homes can be a good asset. They typically increase in value and allow you to build equity. You might also find them more financially dependable; rents can increase year after year, but your monthly mortgage payments typically won’t unless you choose to refinance.
Ultimately, buying a home is going to benefit you more the longer you stay there. So, if you plan on moving for work in the next few years, you might be better off renting.
Children. You love them with all your being. But the mess they can make of the house? Not so much. Keep reading for four tips on how to keep your home clean despite your children’s best efforts. You might even be able to get them to join in on the fun!
1. Cleanup after playtime. Build the habit of cleaning up one set of toys before moving on to the next, this not only keeps the floor from becoming littered in toys but also makes cleaning up more manageable for little ones. A large mess can easily overwhelm small children and by cleaning up along the way you make the task easier for them to participate in.
2. Have an organizational system for corralling toys that works for you and more importantly your children. Make cleanup easy by storing toys in bins and baskets that toys can easily be tossed into. Cleanup is made even easier when you give everything a designated place so there isn’t a chance for toys to end up in organizational limbo. Do a walk through of the house sweep once little ones are in bed to ensure everything has been put in its place.
3. The easiest way to keep things clean is to minimize the amount of stuff you and your children own. Of course, this is harder to implement with little ones but regular clean outs of toys helps to balance the influx of toys that come during holidays and birthdays. Include kiddos in on the process to pick out their favorites and get them excited to donate toys to other children. You can put some toys in storage and swap them out regularly throughout the year to minimize the amount kept in the home and reignite your child’s interest in them as well.
4. Create regular routines around the house to instill clean up habits in your child early on. Create designated areas around the house for play time, quiet time or even homework. This helps children adjust to focus on the task at hand as well as prevent toys from ending up all over the house. By keeping a routine time of day to do a household chore you’ll also teach little ones the importance of having work ethic around the home. You can even involve curious kiddos in the chore by buying them a child-sized broom or vacuum to “help”.
Keeping a tidy home with little ones in the house isn’t the easiest of tasks. But by minimizing the amount of stuff you own and instilling a regular clean up habits you can keep on top of messes. You can even create some fond memories and bonding time with your child by including them in on the fun. Happy cleaning!