RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 3/29/2020

Buying a new home can be an exciting but anxiety-inducing experience. With so many things to consider, it can be difficult to keep track of the things that matter most to you.

This process is complicated further when you discover a second or third home that you like as much as the first and youíre trying to decide which one to make an offer on.

In todayís post, weíre going to talk about how you can effectively compare houses to ensure that youíre making the most sensible, long-term decision for you and your family.

Itís all about the spreadsheet

Today, our method isnít going to rely on any fancy new apps or paid tools. Everything you need to accomplish your spreadsheet is a tool like Google Sheets (itís like a free version of Excel) or a simple pencil and notebook.

The columns of your spreadsheet will be made up of the factors that will influence your decision. This will include the obvious details like the cost and square footage of the home, but also finer details like its proximity to key places in your life.

The rows of your spreadsheet will be the properties youíre comparing. Now, it may be tempting to start listing every house on your radar in the columns of your spreadsheet. However, I think itís more time-effective to only include the homes that youíre likely to make an offer on. This means doing some hard thinking and having a conversation with your family about your realistic goals for buying a home.

What is most important to you in a home and neighborhood?

Letís turn our attention back to the top row of your spreadsheet. We want to fill that section with around 10 factors that are most important to you in a home and the location the home will be in.

In this section, you can include the estimated cost of the home and the estimated monthly expenses for owning that home (utilities, taxes, etc.).

Hereís the secret weapon of our spreadsheet, however. Rather than listing the actual cost of the home in this row, weíre going to give it a rank of 1 to 5. A score of 1 means the house is a lot more expensive than you want. A score of 5 means the house is the ideal cost. A 3 would be somewhere in the middle.

Weíre going to use this 1 to 5 ranking system for all other factors on our spreadsheet as well.

Next to these costs, youíll want to add other important factors to your home buying decision. Does it have the number of rooms youíre looking for? If a backyard is important to you, does it provide for that need?

In terms of upgrades, how much work will you have to do on the home to make it something youíre satisfied with? For DIY-minded people with time to spare, home improvement might be a welcome concept. For others, it simply would take too much time to accomplish everything you want. So, when you fill out the ďUpgradesĒ column of your spreadsheet, make sure you determine a system for ranking the homes that suits your needs.

House location shouldnít be overlooked

Itís a sad truth, but in todayís busy world, the average homeowner spends most of their time away from home, whether theyíre at work, commuting, or bring their kids to and from after school activities.

Youíll want at least one column on your spreadsheet to be devoted to location. When ranking the location of a home, consider things like commuting time, distance to schools, hospitals, parks, and grocery stores. All of these things will have a larger impact on your day-to-day life than small details of the house itself.

Ranking the homes

Now that you have the first row and column of your spreadsheet built, itís time to fill in the details and tally up the totals. These numbers will help inform your decision as to which house is really right for you.




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Posted by RE/MAX Executive Realty on 3/29/2020

Photo by Archi_Viz via Shutterstock

Many urban areas promote the concept of working where you live, or living where you work, to simplify your life. But what does that mean when youíre buying real estate? 

The main difference is in zoning requirements and building codes. Those that are primarily zoned as residential offer fewer options for commercial enterprises. Those zoned for industry often appear in areas of urban renewal where former warehouse conversions offer work-spaces and lifestyle lofts.

When historic buildings go through the renewal process, they are often repurposed as living space with attached retail. For example, creating occupancy areas that otherwise would decay into disuse sometimes allows for relaxed residential standards that let artists and musicians enjoy higher sound levels or use of solvents that new construction zoning and code requirements would not allow. 

Who Occupies Live-Work Properties?

Often, communities of artists or musicians join forces to live in joint, workspace facilities. Some urban centers have created ďArtistsí Projection ZonesĒ that impose rent controls, property price-increase limitations and other restrictions to create affordable living and working space for artists. These locales determine occupancy based on adherence to specific rules of their artistic endeavors.

Other live-work spaces appeal to business start-ups and entrepreneurs. These spaces develop an incubator atmosphere where the lack of commute inhibits the interruption of ideal flow. Some interdependent industries share the same space to reduce the need to ship product or services outside the facility.

Telecommuters and virtual employees fit better into the residential live-work facilities. Often, these buildings offer high-speed internet, access to shipping and delivery services and community spaces to gather for a meal or socializing.

Whether itís a studio above a store-front, converted warehouse, or repurposed factory, if you thrive in an energetic and industrious atmosphere, a life-work space may be right for you. When seeking a live-work space, let your real estate agent know what youíre looking for so that you find that perfect situation.




Tags: Live-Work   Zoning  
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Posted by RE/MAX Executive Realty on 3/29/2020

Itís a competitive market for home sellers right now. That means itís more important than ever to make your house stand out from the competition and draw visitors to your listings and open house, as well as attracting interested buyers with excellent curb appeal.

All of these preparations take time and planning. However, if done correctly, youíll not only bring more potential buyers to visit your home, but youíll also be able to increase your asking price based on a few key aesthetic upgrades.

In this post, Iím going to fill you in on some of the most time and cost-effective ways to prepare your house for sale to bring the most number of potential buyers.

Make a revitalization budget

Before you start spending on your home upgrades, take the time to make a budget for the things that are the most important to making your home look and feel great. This budget will help you keep your spending in check and get the most out of your sale preparations.

Start working on curb appeal

Without spending much money, many homeowners can drastically increase the curb appeal of their home. Pressure washing the siding and sealing and sweeping the driveway is a great start.

Before taking photos or receiving visitors, trim and edge the lawn and lay down some fresh mulch. You donít need to spend hundreds on flowers to make a substantial difference on curb appeal.

To make your home stand out and look up-to-date, apply a fresh coat of paint to your front door. Choose a color that complements your home, but one that also ďpopsĒ and grabs your attention.

Declutter and organize

Preparing your home for sale also happens to be a great time to start packing away some personal belongings. Family photos and other items that are unique to your family are best left out of your photos and distract viewers from being able to picture themselves in your home.

Since our homes are built to live in, many of us keep our things in convenient places rather than tucking them away. Now is a good time to try and find ways to integrate some minimalism in your home so that visitors donít feel crowded by clutter.

Spend money on the right items

Some home upgrades just arenít worth the time and money theyíll take to perform before selling. So, itís best to prioritize the things that will have the most impact on visitors and viewers of your real estate photos.

A new welcome mat and cabinet handles are a great example of inexpensive upgrades that can make a home feel new again.

Take a look around your home and find the accessories that look dated or worn and see what you can accomplish on your budget.





Posted by RE/MAX Executive Realty on 3/22/2020

If you want to sell your house as quickly as possible, a home fact sheet is a must-have. By crafting an informative home fact sheet, you may be able to differentiate your residence from the competition and boost your chances of a fast, profitable home sale.

Creating an effective home fact sheet can be quick and easy. Now, let's take a look at three tips to ensure you can craft a home fact sheet that hits the mark with potential buyers.

1. Provide Accurate Information

Accuracy is paramount, particularly for a home seller who is crafting a home fact sheet. If you provide homebuyers with accurate information, you can make it easy for them to determine whether to move forward with a home showing.

Remember, your goal as a home seller is to make it simple for homebuyers to learn about your house. And if you produce an accurate home fact sheet, you can empower homebuyers with the insights they need to make an informed decision about whether to pursue your home.

2. Be Specific

There is no shortage of information that you can include in a home fact sheet. From details about the age and condition of your residence to the dates of recent home upgrades, it helps to include as much information as you can in a home fact sheet.

It usually is a good idea to include details about local attractions in your home fact sheet as well. For instance, if parks or other landmarks are located close to your residence, these attractions may help your house stand out to dozens of potential buyers.

3. Include High-Resolution Images

A picture is worth a thousand words. Meanwhile, including high-resolution images of your house in your home fact sheet may enable you to make a positive first impression on prospective buyers.

Before you take photographs of your house, it may be beneficial to conduct extensive home cleaning and repairs. That way, you can increase the likelihood of capturing photographs that show off the beauty of your residence.

As you put together a home fact sheet, you may want to collaborate with a real estate agent too. By hiring a real estate agent, you can get the support that you need to enjoy a successful home selling experience.

A real estate agent understands exactly what to include in a home fact sheet. As such, this housing market professional will enable you to craft an engaging and informative home fact sheet in no time at all.

Furthermore, a real estate agent can serve as an expert guide along the home selling journey. He or she will help you list your residence and promote it to the right groups of buyers. Plus, if you receive a home offer, a real estate agent can help you determine whether to accept, reject or counter this proposal.

Take the guesswork out of preparing a home fact sheet Ė use the aforementioned tips, and you can craft a home fact sheet that will help you stir up plenty of interest in your residence.




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Posted by RE/MAX Executive Realty on 3/22/2020

In the quest to find a new home that you love, there are two fundamental things you must know: how much you can realistically afford to spend and what you need to be happy.

Qualifying for a mortgage is one of the first hurdles on the road to home ownership, but loan approval doesn't necessarily mean you can comfortably afford a house you have your eye on.

There are other expenses to factor into the equation, such as closing costs, the down payment, school and property taxes, possible HOA fees, and maintenance costs.

If a house you're considering needs a lot of repairs, updating, and decorating, for instance, those projects could take a big bite out of your bank account and household budget. First-time home buyers and growing families moving into larger homes often have to consider the cost of furniture, new window treatments, and painting supplies. People moving from an apartment or condo to a house may also need to buy a lawnmower, tools, and property maintenance machinery (weed whackers, leaf blowers, snow blowers, etc.)

Once you've determined that you can absorb all those costs without being "house poor," the next step is creating a list of requirements, preferences, and lifestyle goals. For example, if privacy is important to you, you'll need to narrow your search to homes that have a sufficient amount of frontage and space between neighbors and streets. Fences, privacy hedges, and mature trees could also help provide you with the kind of living environment you're looking for.

While the emotional appeal of a house is an important aspect of home-buying decisions, the location of a property and the amount of living space it provides will play a central role in your level of satisfaction. In addition to having enough bedrooms, bathrooms, and storage space, you may also want to consider things like the home's architectural style and whether the floorplan is to your liking.

Many families prioritize the quality of the school district, the look and feel of the neighborhood, and the distance from shopping centers, recreation, and needed services. Also highly desirable is a daily commute to work that isn't too grueling or time consuming!

Since everyone has different goals and needs when it comes to finding the ideal home, there's no one-size-fits-all strategy for zeroing in on the house of your dreams. Although there are a lot of websites that provide great ideas on everything from flooring and countertops to cabinetry and room color, having your real estate agent show you houses that match your specifications is the most productive thing you can do.

Getting out there and physically viewing and walking through houses in your price range will eventually lead you to the home that's just right for you and your family. It's a process in which you need to immerse yourself, but with a little persistence and a clear idea of what you want, you're sure to find the home that checks off most (if not all) of the boxes on your priority and wish lists!




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