Sunday, March 12, 2017 / by Jessica Holcomb
If you are thinking about investing in a rental property or already own one here are some great maintenance tips to help you keep your property on a schedule.
Roof - Check out the roof twice a year such as Spring and Fall. Inspect the flashing, vents, chimney areas and look for leaks, loose or missing shingles, areas of high wear, mold and/or moss, tree branches that come in contact with the roof or any other possible damage.
Windows & Doors - Inspect doors, windows, and screens twice a year. Check the locks, and look for broken or cracked windows, and missing or damaged screens. Check all caulking and seams for deterioration and replace as needed. Keep an eye out for loose hinges or any hardware that is worn-out or missing.
Exposed Foundation - Inspect at least once per year and look for leaning walls, bulges, curves, cracks and otherwise broken brick, block, or mortar.
Gutters - Check your gutters twice a year - Spring and Fall, inspecting gutters, downspouts and ! ...
Sunday, March 5, 2017 / by Jessica Holcomb
With all of the tax rules changing constantly homeowners need to stay up to date on the latest tax code. The government provides tax breaks for existing and new homeowners to create a robust real estate market. Homeownership offers many home tax deductions, credits and other breaks that are not available to renters. Here are 7 tax breaks that can lower your tax bill. Always check with your CPA to ensure you are following the latest tax laws.
1. Home Mortgage Interest Deduction - this is one of the biggest tax deductions available. It covers interest paid on loans of up to $1 million, or $500,000 if you are married but filing a separate return.
2. Mortgage Interest Credit - provides another opportunity for home owners to claim a tax break for mortgage interest they paid. If you invest less than 20% as a down payment on your home than you are most likely paying mortgage interest. You can refer to your lending institutions annual statements for the amount you paid.
Thursday, March 2, 2017 / by Jessica Holcomb
Are you wondering when will be the very best time to put your home on the market? Most families aren't ready to move until school is out however, you may be costing yourself a few thousand dollars. Early Spring is the very best time to put your house on the market because of the following reasons;
1. Inventory is low
2. Buyers are desperately searching for the right home
3. Other Families aren't ready to list until late Spring/Summer
How will this help you save thousands? Timing is everything when you list your home. More families will be placing their homes on the market in late Spring/Early Summer so then you will have more competition. When you have more competition the buyers have more inventory to choose from. When they have more inventory to choose from the homes sit on the market longer and the longer they sit the higher the chances of lower offers. When you list your home early Spring you can create a bidding war with multiple offers and possibly sell your home for more tha! ...
Sunday, February 26, 2017 / by Jessica Holcomb
If you have been thinking about buying a new construction home then you probably have a few questions about the process. After selling new construction homes for over ten years I picked up a few tips and tricks to help you!
#1 Do NOT visit a model home without first having your Realtor® set up the appointment for you. Home Builders have strict rules regarding allowing you to have a Realtor® represent your best interests and if they aren't with you on the first visit or call ahead to set up an appointment they may not allow you to use a Realtor®. Most families are not aware of this rule and the builder probably isn't going to talk to you about it.
#2 Do NOT negotiate with the Sales Rep without your Realtor! The Sales Rep is employed by the builder and they are highly trained to negotiate for the builders best interests. They are also highly trained to know if you want the house or not by watching your body language, listening to your answers, and looking for an ...
Saturday, February 25, 2017 / by Jessica Holcomb
One of the most common questions we hear is what should we do to fix up our home? Should we update it or sell it as-is? Here are the top tips to get you top $ for your property when you go to sell it.
1. Flooring - Your flooring should be clean and in good condition. If your carpet does not have rips or holes in it then a professional cleaning will be fine in most cases. However, if you carpeting has major stains, and wear and tear than it will be well worth it to replace the carpet. A good rule of thumb is to look at the other homes that have sold in the area. If they all have wood flooring and yours does not - than you may want to add wood flooring.
2. Paint - Neutral colors will always show your home in the best light. If you have more than 3 colors in your home in main living areas you may have a hard time selling it. Also darker paint colors tend to darken and make rooms look smaller. This is not a good thing when you are trying to sell your home. Light and bright with a! ...