Buying or selling real estate can be an exciting time, but it’s important to make sure you have all the necessary information before moving forward. Here are some tips for increasing your property value, legal items to be aware of when selling a home, staging your home, things to consider when closing on a home, improving the condition of your home, and more!
Tips for Increasing Your Property Value
1. Curb appeal is key – Make sure your yard looks well-maintained and inviting with fresh flowers or plants.
2. Upgrade your front door – A new front door can add instant curb appeal and increase the perceived value of your home.
3. Add storage space – Storage solutions like shelves or cabinets can help maximize space in small areas like closets or pantries.
4. Consider landscaping – Adding trees or shrubs can not only improve the look of your yard but also provide privacy and shade.
Legal Items to Be Aware of When Selling a Home
1. Disclosure forms – Sellers must disclose any known issues with t
heir homes such as water damage, structural problems, or mold.
2. Lead paint disclosures – If your home was built before 1978, sellers must inform buyers about potential lead paint hazards.
3. Real Estate Transfer Disclosure Statement (RTDS) – This form requires sellers to reveal any defects they are aware of in the home that could affect its value.
Staging Your Home: 5 Easy Steps
1. Declutter – Remove personal belongings and knickknacks from each room to create a clean and spacious feel.
2. Neutral colors – Use neutral tones throughout the house to create a calming atmosphere and avoid overwhelming guests with bold patterns or bright colors.
3. Lighting – Ensure there is adequate lighting in every room to showcase the space and create a warm and cozy ambiance.
4. Fresh air – Open windows to let in fresh air and natural light, which can make the house feel more welcoming.
5. Accessorizing – Add a few strategic accessories like artwork or plants to give each room personality without being too distracting.Things to Consider when Closing on a Home
1. Title transfer – The title will need to be transferred from the seller to the buyer during the closing process.
2. Escrow account – An escrow account may be set up to handle taxes and insurance payments until they come due.
3. Final walkthrough – It’s recommended to do one final walkthrough before closing to ensure everything is in working order and no major damages have occurred since the last visit.
Improving the Condition of your Home
1. Repair roof leaks – Roof leaks can cause significant damage if left untreated so it’s essential to fix them promptly.
2. Insulate attics and walls – Proper insulation can keep your home warmer in winter and cooler in summer, reducing energy costs.
3. Update appliances – Outdated appliances can detract from the overall appearance of your kitchen and reduce efficiency.
4. Fix plumbing issues – Leaky faucets or pipes can waste water and cause costly repairs if left unchecked.
