Renting or Buying Which is Right For You?

Should you continue to rent or should you take that giant leap and buy a home?  As  Real Estate Agents we LOVE selling homes and there is nothing more exciting than when a buyer closes on their first home. The dream of homeownership is the ultimate goal for many. However, there may be some circumstances in which renting makes the most sense. Here are some reasons to help you decide…renting or buying which right for you?

When renting is the right choice

There are many benefits to renting instead of buying. For instance, if you plan on moving frequently, it is often more cost effective to rent . In addition, you might find renting more appealing because of these perks:

  1. As a renter you are not responsible for maintenance issues or repairs. Therefore, this is money saved. The cost of home maintenance can add up quick!
  2. No long term commitment . This is beneficial if you transfer jobs or desire a career change. You remain flexible.
  3. Oftentimes, utilities such as water or trash are included in the rent.
  4. Renters do not pay property taxes, homeowners or mortgage insurance. More savings!
  5. You can get into a rental without making a large down payment.

When buying is the right choice

Are you planning on staying put for a while? Do you dream about painting walls, remodeling and creating the home of your dreams?  Then, it might be time to buy a home.  There are many good reasons to buy a home and here a are few:

  1. If you plan on being in your home for more than a few years , and with interest rates at an all time low, you might consider buying. Check out this link to compare your payments for renting and buying~https://www.realtor.com/mortgage/tools/rent-or-buy-calculator/
  2. Building Home Equity- Home equity is the difference between how much you owe and how much your home is worth. Home equity provides the home owner the opportunity to use the equity, via a home equity loan,  for such things as home upgrades or paying off debt.  The longer you are in a home, the more equity is built up. When it’s time to sell, the equity can be used to reinvest in a new home.
  3. Tax advantages- Interest on home loans and property taxes are often tax deductible.
  4.  As a home owner you a free to paint, remodel, and landscape.  It is your home, so you can personalize it to your own tastes!

 

Renting or buying, the right choice depends on your needs

Renting or buying which is right for you? There are tremendous benefits to both. Your choice will depend on where you are in life and your end goals. Therefore, doing what is right for YOU is always the best decision. If you decide to take that first step towards homeownership, and would like some guidance,  we would love to be your guides.

http://rhondaandrondie.com/contact-me

Written by Rondie Martin

Realtor® ABR® e-Pro® SRES®


Posted on June 2, 2020 at 6:15 am
Rondie Martin | Posted in Home Buying | Tagged , , , , , , , , , , ,

Creating the Home Office of Your Dreams

Desk with computer and white brick wall

Whether you work full-time at home or occasionally need to conduct business in the evenings or on the weekends, a home office a great way to utilize an extra room. A dedicated workspace in your home can be designed to increase productivity and comfort.

Here are 5 quick ideas to get you started because a little can go a long way.

  1. Invest in a good office chair. Investing in an ergonomic office chair is essential. You may be spending anywhere from 30 to 50 hours a week sitting in it, so your back will thank you. Purchasing one with multiple adjustments is ideal so it fits you just right.
  2. Switch up your lighting. Fluorescent lighting has been proven to be hard on the eyes. Make the switch to LED or halogen light bulbs in your home office and try to let in as much natural light as possible. Also, consider finding a desk lamp to reduce headaches and eye strain. Proper lighting, is proper design.
  3. Keep essentials in reach and organized. Nothing helps maintain productivity like a clean, neat home workspace. Select a desk with a lot of storage options or install creative shelving to keep items like pens, pencils, extra batteries, calculators, notepads, and more stored within arm’s reach.
  4. Decorate bright. Pick a color you love and use it to spice up the room. Use cheery yellow or red or relaxing tones like green and blue, instead of beiges and browns.
  5. Aim for the view. If possible, place your desk so you are facing a window instead of a blank wall. Natural light can do wonders for staying alert and it allows you to give yourself a short mental break whenever necessary by looking to the outdoors.

For more ideas and a look a some fabulous office spaces check out https://www.architecturaldigest.com/gallery/home-offices-slideshow


Posted on May 12, 2020 at 5:22 pm
Rondie Martin | Posted in Interior Design | Tagged , , , , , , , , , , , , , , , , ,

How You Can Finance Your Home Renovation

How am I supposed to finance this home renovation project?

Outdated kitchen. Overrun backyard. Unusable basement space. If you’re looking to finance a home renovation, here are some of the most common options to make your dreams a reality.

Cash.

Paying in cash is the most straightforward financing option. Save up until you have enough money to cover the expenses. This will help eliminate spending outside your budget, however, it can also extend your timeline.

Mortgage Refinance

If you’ve been making payments on your home for a few years and your interest rate is higher than current market rates, you could qualify for a mortgage refinance. This will reduce your payments and free up some money.

woman holding measuring tool up to wall

Cash-Out Refinance

A cash-out refinance replaces your existing mortgage with a new home loan for more than you owe on your house. The difference goes to you in cash and you can spend it on home improvements. You must have equity built up in your house to use a cash-out refinance. This option is encouraged only when you’re making improvements.

Home Equity Line of Credit

Obtaining a  home equity line of credit allows you to borrow money against the value of your home. You receive up to 80 percent of your home’s value, minus the amount of your loan.

Retirement Funds

Pulling money from a 401K or IRA account is  another way even though they aren’t specifically meant to cover a home renovation. This option might incur additional penalties or tax payments. It might be worth it when making improvements that will benefit that will increase the value of your home in the long run.

Be sure to check out our other articles on home improvement and interior design by visiting our blog. If you’d like some more ideas on home remodeling and renovation, go check architectural digest.


Posted on April 23, 2020 at 5:20 pm
Rhonda LePoidevin | Posted in Home Improvement | Tagged , , , , , , , , , ,

Top Tips For Searching For A Home Online

Hunting for a new home online is a great place to start your search, but it should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, but keep in mind there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.

Stay up to date

When you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market, making it more difficult to sort through the clutter.

Pictures can be deceiving.

Real estate photographers are experts at showing a home in the best possible light. Many use tools and strategies to boost appeal, such as a fisheye lens to make areas look larger and creative editing to make colors and textures really pop. But, often listings will not contain photos of unappealing parts of the home, like small closets or outdated bathrooms.

See it to believe it.

Once you find what appears to be your dream home online, call up your real estate agent and schedule a showing. You want to take the opportunity to vet the home in person and explore every part of it before beginning the offer process. Your real estate agent will help you cover all your bases and will ask questions you may not have thought of.

Be sure to check out our other articles on home improvement and interior design by visiting our blog.

Search for properties online https://www.windermere.com/

 


Posted on February 15, 2020 at 4:57 pm
Rhonda LePoidevin | Posted in Home Buying | Tagged , , , , , , , , , , , , ,

Why you should Stage Your Home

 

First impressions matter when selling a home. Buyers decide within the first 5 minutes if they want to buy a home.  If it is appealing on the outside it will draw the buyer in.  Once the buyer is inside, the impression received depends on its visual appeal, organization, and cleanliness. Staging a home defines space and highlights it’s best features. Therefore, making it easy to see the home in it’s best light. According to the National Association of Realtors NAR, Eighty-three percent of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home. This is why you should stage your home.

Staging your home is an important and sometimes overlooked step in the home selling process. Homes that are staged typically sell quicker and for more money.  The process is  more than placement of furniture,  and the first step is to look at your home through the eyes of a buyer.

Improve that first impression

  • Paint a fresh coat of neutral paint
  • Make sure the home has curb appeal curb appeal-trim bushes and branches that hide the house, mow, edge and lay fresh bark,
  • Clean, clean, clean
  • Declutter -get rid of the items that won’t be moving with you and put away personal photos and valuables.
  • Rearrange furniture- Home should appear spacious and bright.
  • Repairs- Hire a professional to inspect the roof,  attic and crawl space.

we can help

As a result of staging ~a new look, a new perspective, and a renewed sense of value. This is why you should stage your home. Rhonda and I are here to help you through the home-selling process from beginning to end.  Rhonda is an experienced broker with over 13 years of experience, and I am a broker, certified home stager, and a certified relocation/ transition specialist. We strive for excellence and value for our clients and their home buying/selling experience.

For more info on staging check out https://www.nar.realtor/sites/default/files/documents/2019-profile-of-home-staging-03-14-2019.pdf

We’d love to help your home become the one that all buyers love!! You can reach us through our contact page!

 

Written  by Rondie Martin

 


Posted on May 16, 2018 at 11:03 pm
Rondie Martin | Posted in Home Buying, Home Improvement, Interior Design, selling, staging | Tagged , , , , , , , , , , , , , ,