Lorraine Kuney's Blog
16 STEVEN DR, Sutton, MA 01590
There's no question about it: Being a homeowner can be a very satisfying and rewarding experience! However, enjoying that added privacy, control over your environment, and pride of ownership does not come without a price.
When you go from being a renter to an owner, a lot of things change! In additional to being responsible for property maintenance, repairs, and improvements, home ownership requires an investment of time. For many people, devoting a block of time to painting a room, organizing a closet, or cleaning out the basement can be the trickiest part of getting a project done!
One of the biggest obstacles to starting a home project is the natural human tendency to procrastinate -- especially if the project infringes on your relaxation or recreation time! On the other hand, the satisfaction you'll experience when the job is done will more than justify the time and effort. The overriding question is: "How can I motivate myself to tackle the project and get it done?" While there isn't a one-size-fits-all approach to self-motivation, here are a few ideas which might help!
Create a To-Do List: Writing down a list of priorities and revising it several times a week is a tried-and-proven method of getting things done around the house. Writing down your short-term (and long-term) goals engages your attention, serves as a visual reminder, and sets an intention for taking action. When you create a to-do list and look at it a couple times a day, it helps to focus your mind on what you want to accomplish. By organizing your thoughts, it makes it much easier to organize your home and your life. It's definitely not a panacea for all of life's ills, but it can be a darn good starting point!
Announce Your Intentions: Once you tell your spouse, your best friend, or your mother that you're going to clean out your garage or paint the spare room on Saturday, it makes it a little harder to wiggle out of it -- especially, if you've used that project as a reason for declining an invitation or postponing a favor. By stating your intention, it's almost like you're promising to do something. Since most of us are inclined to live up to our promises, announcing your intentions to complete -- or at least start -- a home-improvement or organizing project may be all it takes to get the ball rolling!
Buy or Gather the Supplies: Whether you need supplies for cleaning, painting, or screen repair, having them on hand will make it much easier to get started. On the other hand, not having them in the house makes it all-too-convenient to say, "I'll get to it tomorrow!" And as you may know, "tomorrow" either never comes or it turns into "next year!"
Believe it or not, the costs associated with selling a house can add up quickly. If a home seller fails to budget accordingly, he or she risks costly, time-intensive home repairs following a property inspection. Perhaps worst of all, this scenario may force a home seller to miss out on an opportunity to get the best price for his or her residence.
With a home selling budget in place, you can increase the likelihood of a profitable home selling experience. If you know what it takes to set up a home selling budget, you may be better equipped than ever before to streamline the home selling process.
Now, let's take a look at three tips to help you establish a home selling budget.
1. Assess the Condition of Your House
Before you list your house, it helps to perform a comprehensive home assessment. That way, you can identify potential upgrades both inside and outside your house and evaluate the costs associated with these home improvements.
Typically, a home inspection enables you to learn about your house's strengths and weaknesses. This inspection requires a property expert to assess your house and may take several hours to complete. Then, once the inspection is finished, you'll receive an inspection report that you can use to determine which home improvement projects that you may need to complete sooner rather than later.
2. Establish Home Improvement Priorities
Although you might want to give your residence a complete overhaul, there may be only limited time and resources at your disposal. Thus, you'll want to establish home improvement priorities to ensure you can maximize your time and resources.
Think about which home improvement projects are necessary. These projects should rank at the top of your list of home improvement priorities, as failure to complete them may prevent you from optimizing the value of your house.
As you establish home improvement priorities, don't forget to assess the costs associated with various home upgrades. This will help you achieve the best-possible home improvement results without spending beyond your means.
3. Consult with a Real Estate Agent
A real estate agent understands exactly what it takes to sell a home, regardless of the current housing market's conditions. In fact, this housing market professional can make it easy to map out a successful home selling budget and ensure you can quickly and effortlessly navigate the home selling process.
With a real estate agent at your side, you'll receive expert support throughout the home selling journey. A real estate agent will learn about your home and help you identify ways to enhance your residence. Plus, a real estate agent will offer recommendations to ensure you can upgrade your house on a budget.
If you're getting ready to sell your house, it helps to collaborate with a real estate agent. Reach out to local real estate agents in your area, and you can get the support that you need to establish a home selling budget.
54 Forest St, Franklin, MA 02038
If the thought of getting a mortgage and being in that much debt is stopping you from buying a home, plan to pay it off. Here’s how you can do it in just five to 10 years.
- Live well below your means. If you can keep your mortgage payment to below twenty percent of your take-home pay, you’re on your way. That means that instead of buying a larger house in an upscale community, buy the nicest one you can in the neighborhood you can afford. When you do this, you’ll not only save on the payment but your energy and maintenance costs will be lower, as well.
- Take a 15-year mortgage. Instead of the typical 30-year loan, opt for the 15-year choice. Your payments will be slightly higher, but they won’t be double. Use an online mortgage calculator to see the difference in the payment. You’ll be surprised at how much more affordable cutting the loan length in half can be.
- Use an early mortgage pay-off calculator. Try plugging in different payment amounts to see how quickly you can pay it off. Adding as little as $100 extra each month can massively reduce the years to completion.
- This next idea is easy if you get paid weekly or bi-weekly. Instead of making your mortgage payment once a month, pay half of it every two weeks. Using this trick allows you to make an entire extra payment each year, cutting months and years off your mortgage. If you do it to match your bi-weekly payments, you won’t even notice the additional payment out of your household budget.
Your Agent Can Help
When you’re looking for just the right house to put your plan into action, your knowledgeable real estate agent can find you the perfect one. Let them know what you’re trying to accomplish so that they match you to the right house at the right time.