Northern Virginia Realtors Home Northern Virginia Association of Realtors®

“In thinking of remodeling projects for your house, a real estate agent is going to be a great person to talk to,” Hicks says. More homeowners are tackling remodeling projects, but are they choosing the projects that could increase a home’s resale value on top of adding enjoyment? Helping consumers become more informed, responsible homeowners is important to the stability and value of the housing market – and your overall enjoyment of your home. Then, if you’re feeling really savvy, keep paying that amount every month — but apply it to your mortgage principal instead. That 2% difference could cost you hundreds, even thousands of dollars, depending on your home’s mortgage balance. On a $300,000 mortgage loan, you’d pay between $1,500 and $3,000 each year, depending on the premium you’re required to pay for PMI.

• Informed by proprietary data, local knowledge and NAR’s chief economists, REALTORS® work to keep you ahead of the market.
• As more workers head back to the office, homeowners are rethinking their options for a workspace at home.
• That’ll help make sure you don’t miss a crucial step.
• What’s the reason you’re reporting this blog entry?
• Whether you’re hosting a small team meeting or a large training program, we have the space to meet your needs.

How to Sell in Today’s Market

And if you’re buying a second home, you’ll need a down payment of at least 10%. If the house you’re buying has more than one unit, you may need to put down 15%. But the tradeoff is you’ll need to pay for private mortgage insurance (see private mortgage insurance below). You usually need a credit score of at least 620 to qualify for a conventional loan. Now let’s get into adjustable-rate, the other type of mortgage you’ll be looking at. Are you anxious about changing loan rates?

Getting Started with HouseLogic

“Items in a house should feel collected over time rather than feeling purchased in one go,” says Chelcie Eastman, cohost of the Magnolia Network series “Anything but Gray.” Rooms filled with matching furniture sets or overly coordinated décor tend to feel staged rather than lived-in. Houses that show more personality can connect emotionally with buyers. That’s especially true as so many listings begin to look alike and home buyers want more for their money. A home on the market should stand out.

Next, understand the types of loans out there. Erin Hybart, a real estate pro in Baton Rouge, La., helps investors flip houses. For example, certification by the National Association of the Remodeling Industry recognizes highly experienced remodeling professionals who are capable of planning and managing complex remodeling projects.

What to Do If You Notice Problems With Your Remodeling Contractor

A score in the mid-700s or higher usually qualifies for the best rates, but buyers with lower credit scores still have options. It’s houselogic.com true that higher credit scores can unlock larger loan amounts, smaller down payments, lower fees, and lower interest rates, but perfect credit isn’t required. Typical homeowners today have about $430,000 in net worth compared to renters, whose net worth is less than $10,000. But Lawrence Yun, chief economist for the National Association of REALTORS®, says those comparisons don’t tell the whole story.

I can't stand junk mail, spam, and dinnertime phone calls.We're with you. From time to time, NAR may ask you to partner on issues or legislation that may impact you as a homeowner. NAR has been a champion of homeownership rights and opportunities for more than a century. HouseLogic is a free source of information and tools—from the NATIONAL ASSOCIATION OF REALTORS®—that can help you make smart and timely decisions about your home.

Before you hire a contractor, schedule three to five in-person interviews, gather bids, and thoroughly check the background of any you’re considering. Referrals — from neighbors, friends, or others —are a common source when looking for a remodeling contractor. Now, as the creator of the “Contractors from Hell” website, Costello fields messages from desperate homeowners who’ve had similar experiences.

If you can’t bear to part with something you don’t use regularly — say, Great-Grandma’s heirloom china — rethink your home’s organizational storage. You don’t have to spend anywhere near the cost of commercial products. Even if you’re buying off-brand products to save costs, you’re still wasting money. “Unless you have a really old appliance, it’s probably efficient enough for your needs. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house.