Michael Galvin's Blog
Looking to put together an offer on a house? Ultimately, you'll want to submit a competitive first offer. By doing so, you can speed up the process of acquiring your dream residence.
When it comes to submitting a competitive home offer, however, it is important to understand what differentiates a "fair" proposal from a subpar one.
To better understand how to submit a competitive proposal, let's take a look at three best practices that every homebuyer needs to consider before making an offer on a house.
1. Evaluate the Housing Market
If you plan to buy a house, you'll want to examine the real estate market closely. That way, you can identify housing market patterns and trends and plan accordingly.
For example, if you find there is an abundance of high-quality houses available, you may be entering a buyer's market. In this market, there likely is a shortage of homebuyers, which means a competitive offer at or near a home seller's asking price is sure to grab this individual's attention.
On the other hand, if you notice that homes are selling quickly in a city or town, you may need to prepare for a seller's market. If you pursue houses in a seller's market, you may need to act quickly due to the sheer volume of buyers competing for the same residences.
Clearly, a comprehensive housing market analysis can make a world of difference for homebuyers. With in-depth housing market insights at your disposal, you'll be better equipped than other buyers to submit a competitive first offer on any residence, regardless of the current real estate market's conditions.
2. Get Your Finances in Order
What good is a competitive home offer if you cannot afford to buy a residence? If you secure a home loan, you can narrow your home search to properties that you can afford. Then, you'll be able to submit a competitive offer that ensures you won't have to break your budget to purchase your dream residence.
Also, if you're unsure about how your financial situation will impact your ability to buy a house, you should consult with banks and credit unions in your area. These financial institutions can help you get pre-approved for a home loan, establish a homebuying budget and much more.
3. Collaborate with a Real Estate Agent
When it comes to submitting a competitive home offer, it pays to receive expert homebuying support. Fortunately, you can hire a real estate agent who is happy to help you put together a competitive home offer.
A real estate agent can provide housing market data that you may struggle to obtain elsewhere. Plus, this housing market professional can offer unbiased home offer recommendations to ensure you can get an instant "Yes" from a home seller.
Collaborating with a real estate agent is a great option for homebuyers in all cities and towns. Reach out to local real estate agents today, and you can get the help you need to submit a competitive offer on any residence.
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Do the walls of your home ever feel bland and uninviting? What you need for your home is to add depth to the walls. Everything from the colors of the walls to what you place on them helps to give your rooms a feeling of sophisticated complexity.
Try Using Contrast On Your Walls
If you choose a dark color for your walls, you can use bright colors as a contrast to bring out the prominent features of the room.
Use Texture On Your Walls
You don’t have to rely on paint to color your walls. It’s a good idea for you to use some tapestry or cloth and hang it on the walls to help add texture and depth to a room.
Reflect On The Room
Using mirrors can help to make any room appear bigger. Mirrors are deceiving in a way, but when placed strategically, they can really add a lot to a room. Allowing for reflections in the room also adds depth and a larger feeling to the space,
Don‘t Make A Space Too Busy
Avoid using a lot of colors in a room. While contrasting colors add something special to a space, bright, mismatched colors will only make you dizzy.
Make Use Of Tile
Particularly in kitchens and bathrooms, tile can help to add some depth to the space. Your kitchen can be painted a lovely color and finding tiles to match for a backsplash can really help the room to stand out. Even the color grout that you use can help add complexity to a room. If you have brick, wood, or any kind of stone present in a room, be sure to help those features stand out. The best way to approach design sometimes is to take what you see in nature and bring it into your space. From earth tones to highlighting the natural features in your home, you can really make your home feel well-rounded from the inside out.
Try Painting The Walls Different Colors
There’s no rule that says you need to paint a room all one color. Often, you can add a lot to a room just by having that one accent wall. Putting the piece of furniture that will be the focal point of the room on the accent wall can really bring out the features of the room. If your color scheme is leaning towards blues and whites, for example, paint each wall white except for one. Choose an alluring shade of blue for the accent wall. Be sure that your furniture matches with whatever wall color scheme that you choose as well.
Whether you’re recreating a room completely, or simply re-purposing what you have, it’s easy to make your design work for you and provide complexity and depth.
Your sofa, a comfortable chair or a quiet room could turn your home into a perfect meditation spot. You wouldn’t be alone if you set aside 10 to 20 minutes in the morning or evening to sit in silence and watch your breathing and still your thoughts.
Meditating is no longer considered to be a practice only for people who are consciously committed to taking a focused spiritual journey. Rewards gained from meditating have changed perception. In fact, if you developed an illness, your physician might recommend that you meditate.
Benefits of meditating are broad and include stress reduction, improved immune system,lower blood pressure, increased energy, improved memory and more intuitive guidance. Because meditating takes time, you may be “put off” by the idea of sitting still in a room at your house, closing your eyes and engaging in guided or open meditation.
Zen Like Benefits Right In Your Back Yard
If you have a type A personality or rarely sit still. You might feel as if you’re doing something wrong if you sit down and do absolutely nothing. If that’s the case, your front or back yard may offer you deep relaxing rewards.
Gardening may prove to be more relaxing and easier to stick with for you. There are people who actually plant and care for flowers simply as a way to relax. A side benefit if that gardening boost your home’s curb appeal.
Tools needed to garden can be picked up from a nearby house goods or department store. General gardening tools include a rake, gardening gloves, shovel and water hose.
Plant annuals and you’ll only have to treat and care for your flowers after you drop the seeds in the ground. These flowers break forth through the earth and bud without having to be replanted each year. If you plant a vegetable garden, put up a mesh fence to help keep pests away. You can also use environmentally sprays to keep pests away.
As you start to work in your garden, don’t be surprised if you stop worrying about issues at work, your child’s school or at home. Also, don’t be surprised if you start to feel a sense of fulfillment and completion. Like meditating, gardening offers a host of rewards; a few are noted below:
- You’ll be close to nature and may feel more grounded
- Your heart rate may slow to a nice, calming pace
- An appreciation for natural colors and sounds may strengthen within you
- Healthy eating could become a habit, if you garden and grow your own food
- Curb appeal at your home will rise
- You’ll get out in the sun and soak up natural vitamin D
- Mood booster – relaxing boosts mood, so too does natural vitamin D
- While gardening, you’ll definitely get to know your yard better
- As you spot areas for improvement in your yard,you’ll know just where to treat your lawn
- Gardening is a great way to get to know your neighbors
- Beautify the entire neighborhood by planting colorful flowers at the edges and center of your back yard
- Grow a flower garden and you could increase your property value
After you garden, sit in a chair or on a back porch swing for as little as 15 minutes before or after work. Close your eyes. Take in and release slow, deep breaths. Make it a habit, and see if you don’t start to sleep better. You may even decide to find a peaceful spot inside your home and start meditating.
Many hopeful homebuyers seek to save money by buying a fixer-upper and doing most of the renovations themselves. This is a proven method for those who have a knack for home improvement and aren’t afraid to get their hands dirty.
However, estimating the cost of a remodel can be difficult. There are many costs you may not be aware of, and others that are easy to go over budget on.
In this article, we’re going to talk about the cost of an average remodel, and some lesser-known costs that you might be forgetting to factor into your budget.
Average remodeling costs
As you might guess, the cost of a remodel can vary greatly. Things like the size of the home, the number of rooms you’re remodeling, and the type of repairs you’ll be making all factor into the equation.
Some repairs can be quite costly. Septic system replacements can cost several thousands of dollars depending on the type of system you need. And, if you’re buying an old home, you’ll need to look out for expensive fixes like asbestos removal and foundation damage.
According to one report, most Americans spent between $17,000 and $61,000 on their remodel, with the average renovation cost being around $37,000.
If you’re hiring a contractor for the bulk of your remodel, expect them to charge between 10% and 15% of the total cost.
Lesser known costs of a home renovation
Remodeling a home isn’t as simple as looking up a contractor and telling them to give you the bill once it’s finished, and that’s probably a good thing because odds are you would be shocked by the cost.
First, you’ll pay a contractor to do a walkthrough and estimate costs. Next, you’ll need to get any permits that are required for your renovations.
If you plan on doing the renovations yourself, there are a few costs you’ll need to consider. First, understand that you likely won’t be able to take advantage of all of the discounts that contractors can, meaning your building materials may be more expensive than expected. Similarly, the cost of tools for the project adds up quickly. And, when you make mistakes--we all do, we’re only human--you’ll be paying for it out of pocket.
Knowing your long term goals
An important consideration for a remodel is to look toward the future. Do you want to sell your home within the next few years? If so, you might consider going with less expensive materials--such as generic kitchen cabinets rather than custom-built--to save money while still increasing the value of the home.
However, if you plan on being in this home for decades or more, it may be worth the extra money now to make sure you are happy with your home for years to come.
Remodeling a home can be a memorable and rewarding endeavor. You get the chance to take a house that you see potential in and make it truly your own. Now that you know the costs, you’ll be better prepared for planning your home renovation.