Tuesday, March 24, 2020 / by Rachel Parsons
You don't have to be Bob Vila to make these home upgrades! With something for every skill level and timeframe, we're sure you can find a fun way to invest back into your home from this list.
Try out the 2020 Color of the Year: Paint a room or an accent wall this luscious blue that Pantone named the Color of the Year. Or try something a bit subtler - soft grays are still dominating interior design!
Brighten up your kitchen: Paint your kitchen cabinets to give a facelift to the whole room! All white kitchens are always in, but a brand new kitchen can come at a price. This update, for a fraction of the price and time, will give your kitchen a whole new look.
Complete your kitchen's new look with a tile backsplash, made surprisingly easy with stick-on tiles. With a real-tile look and the promise of longevity, these tiles are a great choice for a quick DIY update!
Modernize a room with new light fixtures: Lighting can change the entire look of a room! Make an impre ...
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Thursday, March 5, 2020 / by Rachel Parsons
They say March comes in like a lion and goes out like a lamb. This year has been no exception, despite the mild weather.
At the start of last week, stocks dipped, the US Treasury note yield fell to record lows, and fears of shortages of imported materials from China due to the Coronavirus outbreak flooded the news. In an emergency reaction, the Federal Reserve cut rates 0.5%.
Unless you bought stock in face masks last year, you might be wondering how all of this really affects you.
INTEREST RATES
For current homeowners, talk about current mortgage rates might feel like a thing of the past. But even if you snagged a great rate when you purchased, rates have dropped so significantly in the past year that it would be worth it to talk to a lender again. With current rates averaging below 4% on long-term loans, refinancing now could save you thousands over the course of your loan.
If you opted for an adjustable rate mortgage (ARM) when you purchased your ho; ...
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Thursday, March 5, 2020 / by Rachel Parsons
Rabbit’s foot, horseshoe, four-leaf clover… and very specific addresses? When it comes to buying or selling the largest purchase most people will ever make, lucky charms and superstitions come up more than you may think!
We’ve all been in an elevator that skips right past the 13th floor – in fact, less than 5% of high-rise condos in New York City have a 13th floor. But have you heard of these other superstitions?
IT’S ALL IN THE NUMBERS
In some cultures, real estate luck is attributed to the last non-zero digit in a sales price.
For example, the number 8 is considered lucky in some Chinese cultures because it is pronounced similarly to the Mandarin word for wealth! Similarly, the number 4 is considered unlucky because it sounds similar to the word for death. So if you’re looking for a bit of luck this spring, skip the 4 and consider listing your home for a price ending with an 8!
SIX FEET UNDER
In a tough market, a home for sale may g ...
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Saturday, February 29, 2020 / by Rachel Parsons
It's a seller's market - but how does that benefit current homeowners too?
New Castle County is experiencing record-low home inventory. Year over year, there were 36% fewer homes available for sale at the end of Quarter 4, and that number has continued to increase at the start of 2020. As a result, more sellers are benefiting from fewer days on market, multiple offers, and higher sale prices.
Southeastern Pennsylvania is experiencing similar trends, as inventory continues to fall at the start of 2020. This doesn't just benefit sellers - current homeowners in these areas can expect the value of their home to increase as comparable homes in their neighborhoods sell for more!
Wondering how much equity is already in your home? Considering selling but not sure if now is the right time?
Contact one of our local market experts for free home valuation with no obligation! ...
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Wednesday, February 26, 2020 / by Rachel Parsons
New Construction communities are popping up all over Delaware and Southeastern PA – but are the prices too good to be true?
If you’re considering purchasing a New Construction home, you probably have already factored design specifications and upgrades into your total purchase price. But it’s also important to be aware of the costs you will have after the closing.
Here are four commonly overlooked costs to prepare for if you’re purchasing a New Construction home:
Utilities
Yes, all homeowners have to factor utilities into their budget, but if you’re moving into a larger home or switching utility types (for example, from gas to electric), it’s important to account for the differences in the price of utilities you can expect to pay each month. If you are relocating, you may also have to pay a deposit or set-up fee for installing new services or bringing in new equipment.
To minimize utility costs, consider fi! ...
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