Best and Worst Curb Appeal Investments

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Best and Worst Curb Appeal Investments for Home Sellers

Selling your home is a major decision, and naturally, you want to get the best price possible. Improving your curb appeal can help you attract more buyers, sell your home faster and at a higher price.  When preparing a home for sale it’s important to exercise caution, set a firm budget and select improvement projects most likely to provide the greatest ROI.

Make a Strong First Impression

First impressions matter. Simple and inexpensive projects provide the greatest ROI because they increase appeal to the broadest range of buyers. Tailor your improvements to your neighborhood. Seek quality over quantity to ensure the greatest return on your investment.

Enhancing your home’s front exterior is the most cost-effective means of attracting more buyers and boosting your home’s value. Real estate professionals recommend focusing on these three projects:

  • Landscaping: Trim bushes, mow the lawn, plant flowers, and add mulch to garden beds.
  • Entryway: Paint the front door, update the house numbers, and install new lighting fixtures.
  • Exterior Cleaning: Power wash the siding, clean windows, and repair any visible damage.

Lowest ROI Curb Appeal Improvements

Avoid major renovations, personalized upgrades or lavish investments. Potential buyers may not share your taste, which reduces the number of potential buyers.

Understand that you are a home-seller, not a professional house-flipper. It’s important to keep this in mind when it comes time to sell your home. While costly upgrades like kitchen remodels, high-end hardscaping or new appliances may increase your sales price, it’s unlikely that you’ll increase your profit.

Keep upgrades simple and tasteful. Think about prioritizing cost-effective improvements that enhance your property’s appearance without reducing profit potential or reducing your potential buyer pool.

Some of the worst investments home sellers make are major upgrades such as:

  • Kitchen or bathroom remodel and updates. While a modern kitchens and baths can be a major selling point it’s extremely difficult to gain return on your investment.
  • Enhanced energy efficiency. Energy-efficient upgrades sound attractive but it’s almost unheard of for sellers to get higher offers because of it.
  • New flooring. New flooring can do wonders to modernize your home and make it feel brand new. Only consider this upgrade if your current floors significantly detract from your potential buyer pool.

Maximizing home Improvement ROI

Investing in these strategic home improvements can significantly boost your property’s market value and make it more appealing to potential buyers. From refreshing your curb appeal to enhancing energy efficiency, each improvement offers a high ROI, ensuring you get the most out of your sale.

Ready to get started? Begin with small, manageable projects and see how they transform your home. Happy selling!

 

Home Maintenance Tips

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A First-time Homebuyer’s Guide to Home Maintenance

Buying your first home is a significant milestone, and it feels exhilarating to finally own a house. However, homeownership also comes with responsibility. An essential part of owning a house is maintenance. As a first-time homebuyer, it’s crucial to understand what you need to maintain to keep your property in good shape.

Home maintenance may seem daunting, but with the proper knowledge and preparation, homeownership can be a breeze. Here are a few helpful tips on how to keep your home in excellent condition and avoid common maintenance mistakes.

 

Know Your Homes Critical Systems:

You don’t need to be an expert but, it’s important to know that what these systems are, all the functions they perform and have regular preventive maintenance checks and services.

  1. A properly functioning heating, ventilation, and air conditioning (HVAC) system is critical for maintaining indoor comfort and air quality. As a homeowner, you should understand the basics of how your HVAC system operates. Check the air filters monthly and change them regularly. Schedule regular HVAC maintenance with a licensed and qualified technician to keep your system operating efficiently and identify potential issues before they become costly repairs.
  2. Gutters and Downspouts. Gutters that are clogged with leaves, debris, and water can cause significant damage to a house’s foundation and roof. As a homeowner, inspect and clean the gutters and downspouts regularly. If left unchecked, clogged gutters can lead to water damage, foundation problems, and basement flooding.
  3. Electrical Systems. Your home’s electrical system is complex and vital to everyday life. Inspect your electrical outlets and wiring regularly for signs of damage and wear. Check the circuit breaker panel to see if any breakers have tripped and replace any that continuously trip. If you notice any electrical issues, hire a licensed electrician to diagnose and repair the problem.
  4. Water damage can be an expensive and time-consuming problem to fix. Regularly inspect your pipes and plumbing fixtures for any leaks, rust, or corrosion. Ensure that the drainpipes and gutters are functioning correctly and keep an eye out for any water spots or discolored walls and ceilings. If you have any concerns, consult with a licensed plumber.
  5. Roof and Windows. Your roof and windows are your home’s primary defenses against the elements, so it’s essential to maintain them. Conduct regular inspections of the roof and look for any signs of wear or damage, such as cracked or missing shingles. Clean your gutters and downspouts to prevent clogs that can lead to water damage. Inspect the windows and look for any cracks, leaks, or damage.

 

Create a home maintenance schedule:

A maintenance schedule is the best way to ensure that your home remains in excellent condition. Create a list of all the tasks you need to do, including when they should be done and how often. For instance, you might need to clean gutters in the fall, change air filters every three months, and have your HVAC system serviced annually. A maintenance schedule ensures that you don’t miss any essential tasks to keep your home in excellent shape.

 

Learn basic DIY skills:

Not all home maintenance tasks require a professional handyman. Learn basic DIY skills, such as changing light bulbs, repairing leaking faucets, painting walls, and unclogging drains. With the internet as a valuable resource, you can find step-by-step guides and tutorials to help you tackle simple repairs yourself. However, be honest about your limitations, and don’t attempt risky repairs you can’t handle.

 

Check for water damage:

Water damage can be costly and dangerous, causing mold growth, warping wood, and even weakening your home’s structure. Knowing how to spot water damage and addressing it promptly can prevent significant issues. Check for signs of water damage, such as brown stains on the ceiling, musty smells, and water puddles. Inspect your home’s plumbing system, including pipes, toilets, and water heaters, to ensure they’re not leaking.

 

Maintain your home’s exterior:

Your home’s exterior is the first impression visitors get when they approach your property. Maintaining your home’s exterior improves curb appeal and also keeps your home safe from damage. Regularly clean gutters, trim bushes, mow the lawn, and pressure-wash your home’s siding. Inspect your home’s roof to ensure it’s not leaking or damaged. Regular upkeep of your home’s exterior can also prevent pest infestations.

 

Budget for maintenance:

Home maintenance expenses can add up quickly, making it essential to budget for them. Even if you aren’t experiencing any significant issues, it’s smart to set aside money for unexpected repairs. With a budget, you can avoid dipping into your savings or racking up credit card debt when a problem arises. A rule of thumb is to set aside one percent of your home’s total value annually for maintenance.

 

Conclusion:

Owning a home is exciting, but it can also be overwhelming, especially for first-time homebuyers. Home maintenance can help keep your house safe, comfortable, and in good condition. By following these tips, you can minimize expensive repairs and keep your home in excellent condition for years to come. Remember, regular maintenance can save you money and ensure you get the maximum value from your investment.

Homeownership can be a rewarding experience, but it comes with responsibilities. Fortunately, with preparation and knowledge, maintaining your property can be manageable and even enjoyable. Remember to create a maintenance schedule, learn DIY skills, be proactive about preventative maintenance of critical systems, and budget for maintenance. Taking these steps can help ensure that your first home remains in perfect condition for years to come.

First Time Homebuyers Guide

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First-Time Homebuyer’s Guide

 

If you are renting, you may be questioning whether home ownership is worth the investment. Renting may seem easier since it requires less upfront expenses, but owning a home brings many benefits that renting can’t offer. Here are several advantages of home ownership that could change your mind about buying a home.

 

What are the Advantages of Home Ownership?

 

  1. Build Equity Over Time. One of the most significant advantages of home ownership is building equity over time. Equity is the amount of your home’s value that you own compared to the amount you owe on the mortgage. As you pay off the mortgage, your equity increases. As your home’s value increases over time, so does your equity. Building equity through homeownership gives you access to funds, provides financial security, and builds wealth over time.

 

  1. Tax Benefits. Homeowners are entitled to various tax deductions that renters aren’t. Mortgage interest and property taxes are tax-deductible, which can significantly reduce the amount of tax you owe each year. When you own a home, you can itemize your deductions, which can lead to significant savings.

 

  1. Control Over Your Investment. When you own a home, you have full control over your investment. You can make changes, upgrades, and renovations as you see fit. As a homeowner, you can decorate your home to your taste, put up shelves, and even remodel when needed. Beyond the physical changes, homeowners have more control over the quality of their community and the safety of their neighborhood. You can meet your neighbors and get involved in activities that interest you. You can also influence and participate in your neighborhood’s decisions.

 

  1. Forced Savings. When you own your home, you must save money regularly to maintain and repair your property. These expenses may seem like a burden, but they are essentially forced savings. By paying maintenance and repair costs, you preserve the value of your home, protect your equity, and avoid costly surprises down the road.

 

  1. Long-Term Financial Benefits. Homeownership can have long-term financial benefits that far outweigh the cost. Owning a home offers greater financial stability, provides a hedge against inflation, and provides the opportunity to build wealth over time. If you stay in your home for an extended period, you may own the home outright and be free of mortgage payments altogether.

 

 

What are My Financial Considerations?

 

The decision to buy a home is one of the most significant financial commitments you’ll make. It’s not just about finding your dream home; it’s also about weighing the financial factors involved. Owning a home is a substantial investment, and it’s essential that you’re prepared for the hidden costs beyond your mortgage payments. As a renter, you may have considered buying a home, but you may be hesitant because of the financial considerations involved. Here are the key financial factors you should consider:

 

  1. Upfront Costs: One of the most important financial considerations for home buying involves upfront costs. These include expenses such as closing costs, home inspections, appraisals, and down payment. Closing costs include attorney fees, title insurance, and transfer taxes. Home inspections can uncover unforeseen repair expenses. You will also need an appraisal to ensure that you’re paying a fair price for the home. Don’t forget to factor in your down payment, which is typically around 20% of the purchase price of the home. Knowing about these expenses upfront will help you budget and prepare for the buying process.

 

  1. Monthly Bills: As a homeowner, you will be responsible for new bills that you may not have had as a renter. These bills include property taxes, insurance, maintenance, and utilities that were previously included in your rent. Property taxes can vary significantly by state and locality and can be a considerable expense. Additionally, homeowner’s insurance is typically more expensive than renter’s insurance. Ongoing maintenance, repairs, and utilities can add up, so it’s essential to be realistic about these expenses.

 

  1. Long-Term Financial Planning: As a homeowner, you’ll need to think about long-term financial planning. Owning a home can provide a sense of stability and a long-term investment, but there are also costs involved, such as future renovations or upgrades. Additionally, you’ll need to consider the resale value of the property. An essential financial consideration can be the impact of putting down roots, making it harder to relocate for job opportunities. It’s crucial to be honest with yourself about your long-term financial goals and how a home purchase fits into those plans.

 

  1. Market Conditions: Another critical financial consideration for home buying is to consider market conditions. The housing market can fluctuate rapidly, and you may end up paying more for a home than what it’s actually worth. That being said, it can still be a good financial move to buy a home during an economic downturn when lower prices and interest rates can benefit you financially in the long run.

 

  1. Closing Costs Assistance Programs: Lastly, it’s worth mentioning the financial assistance available for first-time homebuyers who need financial help with upfront costs. Many states offer closing cost assistance programs that can help you cover these expenses, making the process of homeownership more feasible.

 

  1. Financial Stability: Unexpected circumstances are an integral part of homeownership. It is essential to be financially prepared for the expenses that come with owning a home beyond the upfront costs. Seek to ensure that the home you buy is a good investment and has the potential to retain its value over time. Maintenance and repairs will be your responsibility. Remember to take your time when considering buying a home and make sure that you are financially prepared for this significant investment.

 

 

Lifestyle and Location:

 

Lifestyle and location go hand-in-hand when deciding whether to continue renting or buy a home. If you have a job that requires frequent relocations, renting may be the better option since breaking a lease is typically easier than selling a home. If you have children or are planning to start a family, buying a home in a desirable school district may be a priority. Additionally, proximity to public transportation, entertainment, and necessary amenities should be taken into account when considering which housing option is right for you. Here are a few key factors first-time homebuyers should consider before buying their first home:

  1. The Location. One of the essential factors in home buying is the location of the property. There are several aspects of location that first-time homebuyers need to consider before buying a home. For instance, you need to choose a location that meets your desired commute. The location should be near your workplace, child’s school, and other amenities you frequently use, such as grocery stores, hospitals, and recreational parks. Also, you need to consider the neighborhood’s safety, and if it’s near public transportation systems, shopping centres, or restaurants.
  2. Another crucial factor when it comes to home buying is affordability. Before buying your first home, you need to determine the budget you are working with. You need to calculate your monthly budget that you allocate for mortgage payments, utilities and other housing-related expenses. Additionally, you also need to factor in the down payment and closing costs to avoid unexpected costs during the home buying process.
  3. Your lifestyle. Your lifestyle is another critical consideration when buying your first home. You need to ensure that your new home suits your lifestyle preferences. For instance, if you love outdoor activities, you can consider buying a home within a location that offers various outdoor amenities such as parks, hiking trails, and bike paths. Alternatively, if you enjoy hosting guests, you should choose a home that has sufficient living and entertainment spaces, including a backyard, patio or deck, and additional guest rooms.
  4. Property size and type. The property size and type are also essential considerations when choosing your first home. You need to determine if you require a single-family home, townhome, or a condo. Additionally, you should choose a property size that accommodates your current and future household needs. For instance, if you plan to start a family, you need a home with enough bedrooms and space for children’s play areas.
  5. Property condition. Finally, first-time homebuyers need to assess the property’s condition before buying a home. The condition of a property often determines the cost of repairs that you may be required to undertake should you buy the property. Therefore, you need to hire a qualified home inspector to evaluate the property’s overall condition before making an offer. A home inspection report can help you understand what repairs necessary and which you can defer to a later time.

 

Home Maintenance:

 

It’s crucial to understand what you need to maintain to keep your property in good shape. Homeownership requires ongoing maintenance and repairs. Owning a home allows you the freedom to customize and improve your living space to suit your personal needs and tastes. If you’re willing to invest the time and money it takes to maintain a home’s upkeep, homeownership can be a rewarding experience. Here are the most critical home maintenance considerations for new homeowners:

  1. HVAC Systems. A properly functioning heating, ventilation, and air conditioning (HVAC) system is critical for maintaining indoor comfort and air quality. As a homeowner, you should understand the basics of how your HVAC system operates. Check the air filters monthly and change them regularly. Schedule regular HVAC maintenance with a licensed and qualified technician to keep your system operating efficiently and identify potential issues before they become costly repairs.
  2. Gutters and Downspouts. Gutters that are clogged with leaves, debris, and water can cause significant damage to a house’s foundation and roof. As a homeowner, inspect and clean the gutters and downspouts regularly. If left unchecked, clogged gutters can lead to water damage, foundation problems, and basement flooding.
  3. Electrical Systems. Your home’s electrical system is complex and vital to everyday life. Inspect your electrical outlets and wiring regularly for signs of damage and wear. Check the circuit breaker panel to see if any breakers have tripped and replace any that continuously trip. If you notice any electrical issues, hire a licensed electrician to diagnose and repair the problem.
  4. Water damage can be an expensive and time-consuming problem to fix. Regularly inspect your pipes and plumbing fixtures for any leaks, rust, or corrosion. Ensure that the drainpipes and gutters are functioning correctly and keep an eye out for any water spots or discolored walls and ceilings. If you have any concerns, consult with a licensed plumber.
  5. Roof and Windows. Your roof and windows are your home’s primary defenses against the elements, so it’s essential to maintain them. Conduct regular inspections of the roof and look for any signs of wear or damage, such as cracked or missing shingles. Clean your gutters and downspouts to prevent clogs that can lead to water damage. Inspect the windows and look for any cracks, leaks, or damage.

 

Investment Potential:

 

Buying a home can be a good investment in the long run, but it’s important to consider the potential return on investment. If you live in an area with high demand for housing or a steady increase in property values, your home’s equity could appreciate over time, providing you with a return on investment. On the other hand, if the housing market is unpredictable or the demand for housing is low, homeownership may not be the best investment.

 

Emotional Factors:

 

Your emotional state should also be taken into account when deciding whether to continue renting or buy a home. Homeownership can be incredibly rewarding as it provides a sense of stability and ownership, but it can also be stressful and lead to unexpected expenses. Renting can offer flexibility and the option to move without the burden of selling a home but can also feel transient and lack the sense of permanence that homeownership provides.

 

Conclusion:

 

When deciding whether to continue renting or to buy a home, there are many factors to consider, including financial considerations, lifestyle and location, home maintenance, investment potential, and emotional factors. Ultimately, the best decision is one that takes into account your unique personal situation and preferences. As you explore your options, carefully consider each factor and seek advice from trusted professionals, such as a financial planner or a real estate agent, to help you make an informed decision that aligns with your goals and aspirations.

 

Owning a home can provide a sense of stability and investment return but requires careful planning and budgeting. Be realistic about your budget and financial expectations, and don’t forget to factor in hidden costs beyond your mortgage. With the right mindset and approach, buying a home can be a rewarding and sound financial decision.

 

ABOUT CJ REAL ESTATE:  CJ Real Estate is a full-service brokerage helping people across Oklahoma, Arkansas, Missouri and Kansas buy and sell residential, lake, land, ranch and commercial real estate with confidence.

 

MEDIA CONTACT:

Ronn Cunningham

1.918.550.8122

Info@CJ-RE.com

 

SOURCE: Cunningham-Johnson Real Estate

Home Seller Checklist

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Home Seller Checklist

 

Selling your home is a significant milestone in anyone’s life.  Planning and preparation are key to achieving all of your goals. A comprehensive home seller checklist can help simplify the process and ease the anxiety. Check out our home seller checklist to get the most out of the market.

 

Hire a Reputable Real Estate Agent

 

Hiring a professional. Listen to their advice and make informed decisions. You’ll ease your stress, likely sell your house quicker and ensure you’re getting a fair price. Do research on the agent’s experience, customer satisfaction rates, and areas of expertise before hiring them.

 

Begin with a Pre-Listing Inspection

 

Before putting your property on listings, have a professional inspector examine your house for any potential issues. A pre-listing inspection can help you address any repairs that need to be done before listing the house on the market. Repairs and replacements can be expensive, and it is best to address these issues early on to avoid future problems.

 

Do Necessary Repairs

 

Once the inspection is done, fix all the issues that were identified, even minor ones, before listing your house. This can enhance your house’s value and make it more attractive to potential buyers. If the repairs require professional services, hire contractors, and purchase the necessary materials to get the job done.

 

Staging and Cleaning

 

Nowadays, staging your house has become a norm in the industry. Staging aims to present your house in its best possible light and allow potential buyers to imagine themselves living in the house. Once your house is staged, it’s time to clean thoroughly. A clean, uncluttered house can significantly increase its value and make a lasting impression on potential buyers.

 

Set the Right Price

 

Pricing your house correctly is crucial to attract potential buyers and sell your house fast. Research the desirability and demand for your property, and set a fair price. Your real estate agent can offer you insights into market trends in your area.

 

 

Conclusion:

 

Selling a house can be overwhelming, but having a comprehensive checklist can simplify the process. Preparing your house before listing it on the market, setting the right price, and hiring a reputable real estate agent can help you sell your house quickly and at a fair price. By following our home seller checklist, you can avoid the common pitfalls that can hinder you from getting the most out of your property sale.

 

ABOUT CJ REAL ESTATE:  CJ Real Estate is a full-service brokerage helping people across Oklahoma, Arkansas, Missouri and Kansas buy and sell residential, lake, land, ranch and commercial real estate with confidence.

 

MEDIA CONTACT:

Ronn Cunningham

1.918.550.8122

Info@CJ-RE.com

 

SOURCE: Cunningham-Johnson Real Estate

Maximize Your Lands Value

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Managing your ranch land well now will pay big dividends when the time comes to sell. Well managed ranch land attracts a larger pool of buyers, increasing competition for your land which leads to higher sale prices.

Auctioneer Sonny Booth advised, “High sales prices don’t happen by accident. I’d like to take all the credit for high re-sale prices but the truth is that ranchers with a reputation for quality land management is an auctioneers best friend when it comes to getting top-dollar on sale day.”

As a rancher, you already know the importance of proper land management in ensuring the well-being of your livestock. Have you truly considered how good ranch land management can also impact the bottom line when it comes time to sell your property? Check out these tips for maximizing your re-sale value through effective ranch land management.

Regularly Check and Maintain Fences

One of the most important aspects of ranch land management is keeping your fences in good condition. This not only keeps your livestock safe but also prevents them from wandering off into neighboring properties. Regularly check your fences and make any necessary repairs. A well-maintained fence can also make your property look more visually appealing to potential buyers.

Implement Sustainable Grazing Management Practices

Many ranchers are shocked to learn that nearly 70% of available grazing land in the United States is degraded in some form as discussed in this recent article published in the Angus Journal.   Overgrazing can have a negative impact on your pasture’s health and, in turn, decrease your property’s sales value. Consider implementing sustainable grazing management practices that allow for adequate rest periods between grazing cycles. This will help maintain the health and productivity of your pasture while also ensuring the long-term profitability of your ranch.

Properly Manage Water Resources

Water is a fundamental resource for both your livestock and your land. Properly managing water resources can prevent soil erosion and maintain pasture productivity. Regularly cleaning out and maintaining ponds and waterways can not only make your property look better but also make it more appealing to potential buyers.

Remove Unwanted Vegetation

Weeds and invasive plant species can significantly reduce the productivity of your pastureland. Consider implementing a regular weed control program to keep unwanted vegetation under control. Not only will this help maintain the productivity of your land, but it will also make your property look more visually appealing.

Maintain Buildings and Infrastructure

Maintaining your ranch’s buildings and infrastructure doesn’t just make your property look better, it also increases resale value. Regularly inspect and maintain your ranch’s buildings, corrals, and other infrastructure to ensure they’re up to code, fully functioning and eye-appealing. This makes your property more attractive to prospective buyers and increases the sale price.

Conclusion:

Proper ranch land management is critical to maintaining both the short-term productivity and long-term profitability of your ranch. Investing in regular maintenance and improvements to your property can make it more visually appealing to potential buyers, increase its sales value, and ensure the continued success of your operation. By implementing the above tips for effective ranch land management, you can maximize your sale profitability and set your ranch up for long-term success.

 

ABOUT CJ REAL ESTATE:  CJ Real Estate sells ranch and residential real estate across Oklahoma, Arkansas, Missouri, and Kansas.

 

MEDIA CONTACT:

Ronn Cunningham

1.918.550.8122

Info@CJ-RE.com

 

SOURCE: Cunningham-Johnson Real Estate