Paula Glazebrook's Blog
You may be looking for ways to make the transition into homeownership a little more affordable or perhaps you dream of owning a vacation home. In these cases, combining resources with a close friend or relative may be a good option. Working together can provide you with more buying power and lower monthly payments but be sure you’re prepared to share this major financial investment before you make a final decision.
Consider these points before moving forward with a joint homeownership arrangement:
Mortgage application: One of the toughest parts of co-buying a house is determining how to handle financing. Before you begin your property search, discuss who will apply for the mortgage. If you opt to apply jointly, understand that all applicants will have to provide credit history as part of the process.
Property ownership agreement: It’s a good practice to hire a lawyer to work with you on a property ownership agreement. The agreement should outline details like ownership percentages, how the mortgage payments and maintenance tasks will be divided and what happens if you want to refinance or sell the property. Establishing a property ownership agreement at the outset prepares you to more easily resolve issues or make important decisions about your property as time passes.
Form of ownership: The form of ownership you chose will have a significant impact on your legal right to the property. It is advisable that you choose a type of ownership that fits your relationship. Some of the options that you can consider are:
Joint tenancy with right survivorship: This option is perfect for longtime partners. If one partner passes away, their share is awarded to the other partner.
Tenancy in common: This option allows a party to inherit the ownership of a property from another individual. In this case, when a partner passes away, their share will go to their heir while their co-tenant retains their percentage of the property. A challenge with this option is that the heir may not want to share a property with the original partner and could force a sale.
Co-buying a home can be an excellent opportunity and a great arrangement. However, it is essential that you consider the pros and cons of the agreement before making a final decision. Consult with your real estate agent for information about co-ownership and your local housing market.
If you're ready to pursue your dream house, it generally is a good idea to enter the real estate sector with an open mind. In fact, there are many benefits to keeping your options open as you search for your ideal residence, and these benefits include:
1. You may be able to discover a bargain.
As you kick off your home search, it helps to pursue houses in a wide range of cities and towns. Doing so can help you separate your dream home must-haves from your wants. Also, this may enable you to find an affordable residence that matches or exceeds your expectations.
There is no telling whether a real estate market will favor buyers or sellers. The housing sector fluctuates constantly, and a buyer's market today may morph into a seller's market tomorrow.
Luckily, if you maintain an open approach to buying a house, you can remain patient as you search for your perfect residence. Perhaps most important, you can capitalize on homebuying opportunities as they become available and avoid the temptation to overspend on a house.
2. You can move quickly to acquire your dream residence.
With an open approach to the homebuying journey, you should have no trouble moving quickly to acquire your ideal residence. If the opportunity presents itself to buy a great house at a terrific price, you can submit an offer and proceed accordingly.
Of course, you should always think ahead before you submit an offer on any house, at any time. If you put together a competitive offer on a residence, you may receive an instant "Yes" from a home seller. Then, you can seamlessly finalize your home purchase and move into your dream residence.
3. You can minimize stress throughout the homebuying journey.
Buying a home is a major decision, and as such, stress can be problematic throughout the homebuying journey. If you are open to new ideas as you pursue a home, however, you may be better equipped than ever before to purchase your perfect residence.
Remember, stress may force a homebuyer to make rash decisions – something that a homebuyer probably wants to avoid at all costs. But if you're willing to take a deep breath and step back from the homebuying cycle at times, you can look at the big picture. And as a result, you can remain calm, cool and collected as you consider all of your homebuying options.
For those who are looking for extra help in their pursuit of the perfect home, it may be beneficial to hire a real estate agent too. This housing market professional can share details about a broad array of houses in cities and towns where you want to live. Plus, a real estate agent can keep you informed about new residences as they become available, help you submit offers on houses and much more.
Make your homeownership dream come true – take an open approach to the homebuying journey, and you may be able to accomplish your homebuying goal faster than ever before.
Even if you love your home and never plan to leave it, there may come a point when you need to put it on the market. The home maintenance tasks you tackle today have a direct impact on your home’s value tomorrow. If you want to protect the value of your home, these are the home maintenance tasks you shouldn't put off.
Keep the Roof in Good Repair
A roof can make or break a home sale. Most roofs will last 20 to 25 years. If yours is nearing the end of that lifespan or is showing signs of distress, start planning for a replacement. Similarly, if you’ve had a storm recently, have the roof inspected, and tap into your insurance coverage for a new roof if needed.
Maintain Your HVAC
Your HVAC system may not be the most attractive part of your home, but it’s one of the most important for your home’s comfort. Keep up with routine maintenance, including filter replacement, air duct cleaning, and yearly maintenance inspections. This will help you get the best possible life out of your system, while also ensuring you can list the home with all of its components when you’re ready to sell.
Freshen the Paint
Not only does a fresh coat of paint make your home look great, but it also helps protect the woodwork in your home from damage due to everyday life. Buy quality paint when you paint, and try to keep up with the current trends while also reflecting your own style. This will keep your home looking attractive while also protecting its value. Keep the interior and exterior painted whenever necessary.
Protect and Cultivate Your Landscaping
A beautiful home with an unkempt yard is going to be worth less than a standard home with a beautiful yard. Your landscaping doesn’t need to be extravagant, but you should spend some time each year keeping it looking its best. This will increase your property’s perceived value down the road.
Appliance Care and Upgrades
Your appliances are something you rely on every day to keep things functioning well in your home. Keep up with their maintenance, and upgrade as needed, to give your home the best possible value. You will need good, working appliances in your home to keep things running smoothly, and potential buyers down the road will appreciate these items as well.
Maintaining your home makes it more enjoyable to live in, and it also makes it more appealing to potential buyers down the road.
The outdoors has a unique and beautiful palette that can inspire and relax you. Whether you are a nature lover, or just enjoy its beauty from afar, you can bring that outdoor feeling into your home to brighten it up and give it a more earthy appeal. Looking for a few ways to give your home a more natural appeal? Check out some of the tips below to help bring the outside in.
Incorporate Your Favorite Flowers or Trees
Houseplants are a great way to bring some color indoor, celebrate the changing seasons and also improve the indoor air quality ion your home. Pick some of your favorite flowers, plants and small trees that can be grown indoors and add them as accents to tables, entryways and next to furniture. You can find indoor plants that require varying maintenance, so it is easy to choose one to suit your lifestyle.
Consider Installing Natural Floors
Cork, bamboo and hardwood floors are great materials to help keep your floors warm while providing the perfect natural touch to any room. Not only do these types of floors look stunning with every type of color palette, but they bring a more organic feel to your home than using synthetic flooring.
Let the Natural Light Shine In
Nothing gives you the feel of nature more than sunlight filling your home. Allow windows to remain uncovered, or use only thin sheers to filter out the light. If you are really looking to create an outdoor oasis indoors, consider adding skylights so that the sunlight can shine down on you the same it would if you were outside.
Use Outdoor Elements as Accent Pieces
Those precious shells, driftwood and other unique items you find outside can easily be cleaned up and transformed into the perfect accent piece for a room. You can use them as part of your table or mantel knickknacks, or even use them as a base for end tables and lamps. Beautiful cuts of wood can also be easily transformed into furniture pieces that will bring a natural feel to any room.
Choose Natural Fibers & Materials for Furniture
Next time you pick out a piece of furniture or accent pillow for your space, check out items with more natural textures and materials. Jute, hemp, wicker and rattan can be the perfect choice for chairs, throws, accents pillows, decorative baskets and even your lighting fixtures.
Whether you are looking to have a natural vibe throughout your home, or just simple hints of nature throughout, by following the tips above, you can bring the outdoors into any room in your home.
When it comes to moving, how do you pack up food and ensure it will safely make it from Point A to Point B? There are many challenges associated with packing and storing food while you move. Fortunately, we're here to help you take the guesswork out of packing up food so that you can enjoy it once you reach your new home.
Now, let's take a look at three tips to ensure you can quickly and effortlessly pack your food and transport it to a new address.
1. Get Rid of Any Expired Food Items
Go through your pantry and remove any expired or soon-to-expire food items. That way, you won't have to worry about transporting these items to your new address on moving day.
In addition, you should try to eliminate food waste. For soon-to-expire foods, consume them before it's too late. Or, you can always offer these items to friends or family members.
2. Pack Fragile Food Items Carefully
Flour, sugar and other fragile food items likely require extra attention when you pack. If you dedicate the necessary time and resources to pack fragile food items carefully, you can eliminate the risk that these items could leak or spill while you're moving.
Heavy-duty, sealable containers are ideal for storing fragile food items. These containers usually are easy to find at supermarkets and retail outlets and will ensure your food items will remain safe and secure at all times.
Furthermore, don't forget to cover salt and pepper shakers. Place a piece of masking tape over the top of these shakers, and you can prevent the shakers from spilling out.
3. Use Appropriate Moving Boxes
Moving boxes come in many sizes, and when you're packing food items, you'll want to use the right-sized boxes. By doing so, you may be able to store various food items in the same box – something that may help you unpack quickly once you reach your final destination.
In most instances, small and medium-sized moving boxes are perfect for food items. These boxes offer plenty of space. Plus, with the right-sized moving boxes in hand, you may be able to avoid the temptation to stuff too many heavy food items into a single box.
If you need additional support with packing food items or other belongings, you may want to discuss your options with a professional moving company. This business employs friendly, knowledgeable staff members who can help you prepare for moving day.
Lastly, it never hurts to collaborate with a real estate agent, either. In addition to helping you buy or sell a house, a real estate agent can offer recommendations about moving companies in your area. Therefore, a real estate agent can provide extra help as you search for ways to streamline the moving process.
Simplify the process of moving your food items from one location to the next – use the aforementioned tips, and you can ensure all of your food items will arrive intact at your new address.