Coldwell Banker Murray Real Estate, Inc



Posted by Coldwell Banker Murray Real Estate, Inc on 8/1/2017

If you池e buying a fixer upper, whether you plan to live on the property or flip it, there are plenty of things that you値l need to consider. So you can budget appropriately, below, many of the costs and fees are laid to so that you can see what you値l need to budget for when rehabilitating a home.



The Overall Costs


The costs that you値l incur in buying and finishing a home that needs to be rehabilitated are as follows:


  • The team needed for rehabilitation
  • The purchase price of the property
  • The cost of owning the property
  • The cost of selling the property (if you plan on flipping the home)


The Team


The people that you put together to rehab your home will be very important to the entire rehabilitation process. You should take the time to research each person that you池e hiring to be sure that they are a good fit for the job.


Professionals who will be involved in the process include:


  • Lender
  • Attorney
  • Realtor
  • Contractor 
  • Insurance agent
  • Home inspector


You can ask your realtor or other trusted contacts for recommendations. Putting a team in place helps to make the entire, sometimes cumbersome process of house rehabilitation a bit smoother. 


Buying The Property


These costs are pretty standard as if you were buying any other home. You値l need to pay closing costs, attorneys fees, realtor fees, and more. Costs typically included in a home purchase are:


  • Inspection
  • Purchase price
  • Closing costs
  • Appraisal


You should budget for all of these typical home buying costs when buying a rehab home. 


The Costs Of Home Rehabilitation


This is where things get expensive. You値l need to first pay a contractor just to consult with them to see how they will create your vision for the property. You could also take another route an consult with a home inspector who has experience in construction. They can give you an idea of what the construction expense will be and what needs to be addressed. 


When you do get to meet with contractors, you値l want to understand their construction experience and feel comfortable that they can produce the work that you need at a high level of quality.  


Owning A Home


Once you have the home in need of rehabilitation in your possession, you値l need to pay the typical costs of any homeowner. These include:


  • Mortgage payments
  • Taxes
  • Insurance
  • Utilities
  • Maintenance


Even if you池e not currently occupying the home, once the property is purchased, all of these costs will need to be covered and considered. 


If you decide to flip the property and sell it, you値l need to consider additional costs including realtor痴 fees and other closing costs.  





Posted by Coldwell Banker Murray Real Estate, Inc on 7/25/2017

If you walk down the kitchen aisle of any department store you'll see dozens of kitchen tools--some you've maybe never even heard of. As long as people keep buying gimmicky kitchen tools and utensils, companies will keep making them. The temptation might be there, when walking through Target, to buy that chicken-shaped egg yolk separator, but do you really need it? In this article, we'll cover theessential list of kitchen utensils. Once your drawer has these items, you won't need anything else. You'll free up space in your kitchen and avoid money-wasting gimmicks that often don't even work, allowing you to buy better versions of the tools that really count. Note: We won't be talking about the basic silverware and dishes (forks, spoons, plates, cups, etc.) since we can assume you already have those.

  1. The chef's knife.A chef's knife is arguably the most important item in any kitchen. A good chef's knife is made from steel, has balanced weight, and is comfortable to hold. Be sure to keep it sharp and there's nothing you can't cut with it.
  2. Two spatulas.One metal for flipping items on your baking sheets and meat on the grill, one plastic for your frying pans. Thin, heat-resistant, and durable are what you're looking for here.
  3. Three spoons. One wooden (for stirring), one plastic with holes and one plastic without holes.
  4. A strainer.You don't need four sizes of strainer; one big one will do. Be sure to pick one with handles, sturdy handles, for draining big pots of pasta.
  5. Shears.Whether it's for de-stringing a Thanksgiving turkey or opening up a bag of frozen peas, they'll save you a headache trying to use a knife.
  6. Serrated bread knife.Unless you like to ruin a fresh loaf of bread by crushing it while cutting it, you'll need a serrated edge.
  7. Measuring cups and spoons.Clean your measuring spoons by hand so they don't get tossed around in your dishwasher and melted.
  8. Can opener.Skip the huge electric can openers and buy a good handheld one that will last years.
  9. Cutting board.A quality large wooden cutting board will make your life a lot easier, and it won't dull your blades.
  10. Peeler.Y-shaped peelers are much easier to use than their knife-shaped counterparts.
  11. Mixing bowl.You could benefit from multiple mixing bowls if you do a lot of baking, but oftentimes you only need one large bowl for most recipes and can use your smaller soup bowls for other ingredients.

Avoiding the gimmicks

It seems like every day there's a new infomercial for a lemon juice squeezer or a banana slicer. You'll notice that they tend to follow certain trends and offer the same promises. Here are the ones to avoid:
  • Fruit and vegetable slicers.If you have a knife, there's no need for tools that claim to slice certain types of vegetables better than others.
  • Single-use tools.Shears designed just for cutting and serving pizza? Yes, they exist. Avoid items that will just take up space in your cabinets and opt for those that serve multiple purposes.
  • Things you've never heard of.If it's an object that you've never seen or heard of before, odds are you don't need it in your kitchen cabinets. The most time-tested tools are all it takes to make great meals in your kitchen.




Tags: home   kitchen   Cooking   tools   utensils   kitchen tools   cook  
Categories: Uncategorized  


Posted by Coldwell Banker Murray Real Estate, Inc on 7/18/2017

Adding your residence to the housing market can be tricky. And for those who are unprepared for the potential pitfalls of the real estate market, it may be difficult to get the best results from the home selling journey.

Fortunately, we're here to teach you about the housing market so you can understand what it takes to optimize the value of your home.

To better understand the ins and outs of the real estate market, let's take a look at three common misconceptions that are frequently associated with selling a house.

1. Your home has increased in value since you initially purchased it.

What you paid for your house a few years ago is unlikely to match what it is worth today. As such, it is important for a home seller to understand the current state of the real estate so he or she can price a residence accordingly.

A home seller should look at the prices of comparable residences before adding his or her home to the housing market. By doing so, this home seller can see how his or her residence stacks up against the competition and price it based on the current housing market's conditions.

Also, a home seller should complete a property appraisal. This evaluation allows a home seller to receive expert insights into a house's pros and cons. Plus, a home appraisal ensures a property seller can prioritize myriad home improvement projects to help boost a house's value.

2. You should have no trouble stirring up plenty of interest in your house.

Although a home seller enjoys his or her residence, there is no guarantee that homebuyers will feel the same way. Therefore, a home seller should allocate the necessary time and resources to enhance a property's appearance both inside and out.

Completing simple home exterior improvement projects like mowing the front lawn and clearing dirt and debris from the walkways can make a world of difference in homebuyers' eyes. These home exterior improvements will help you bolster your house's curb appeal and boosts your residence's chances of making a positive first impression on homebuyers.

In addition, don't forget to declutter your residence's interior as much as possible. This will make it easy for homebuyers to imagine what life may be like if they purchase your home.

3. You don't need support from a real estate agent.

When it comes to selling your residence, it is always better to err on the side of caution. With a real estate agent at your side, you may be able to accelerate the home selling process and improve your chances of maximizing the value of your house.

A real estate agent will help you manage challenges throughout the home selling process. He or she will show you how to list your residence and promote it to the right groups of homebuyers, along with provide comprehensive responses to your home selling questions.

Employ a real estate agent to guide you along the home selling process you'll be happy you did. A real estate agent will do everything possible to ensure you can sell your residence quickly and effortlessly.




Categories: Uncategorized  


Posted by Coldwell Banker Murray Real Estate, Inc on 7/11/2017

Guest rooms, often unused most of the year, all too often end up as a holding area for clutter you're too attached to toss but not quite in love with enough to put out in a frequently used room. Moving into a new home creates the perfect clean slate for setting up a guest room that is a luxurious home away from home for visiting friends and family. Keep reading to learn how to set up a guest room that wows visitors.

Start with the essentials:

If nothing else, be sure to put out plenty of blankets and pillows for your overnight guests to sleep comfortably in your home. Make sure to have at least one lightweight blanket and one heavy one to suit varying temperatures.

Try spending at least one night in your guest room to get a feel for the room. Is it extra drafty? Is the sun overbearing in the morning or maybe the room is poorly lit for the nighttime. Having first-hand experience with staying in your guest room helps you to thoughtfully furnish the room. 

If your guest bedroom doesn稚 have its own bathroom hang a mirror up for guests to get ready in the comfort of their own room. 

Put items for guests to use out in plain sight so that they do not need to feel like a snoop going through drawers to find an extra blanket or spare toothbrush. When setting up the room get creative with ways you can tastefully leave these items out instead of just cluttering up available surfaces.

Speaking of a spare toothbrush, earn bonus hospitality points by leaving out spare and travel size personal care items for your guests who may have forgotten their own. You値l also want to stock the bathroom with extra toilet paper, tissues, and towels.

Little extras that make a big impression:

For guests who are staying for a few days or longer, you should provide plenty of available hooks and hangers as well as at least one empty drawer. You may also want to include a bedside clock with an alarm feature.

Bring in the comforts of home by providing a bedside light, books and magazines as well as a comfortable chair to sit in with a side table. Fresh cut flowers or houseplants always make a room feel more pulled together and lived in.

Leave out some entertainment options for guests who may be night owls or early risers. Whether you add magazines, books or a few movies make sure they are current and interesting. In the age of the mobile phone be sure to also include your home痴 wifi password out in the open, perhaps even framed, and spare charging cords.

Add lastly, you can add a touch of luxury by including an electric kettle, mugs, packets of tea, instant coffee and packets of creamer and sugar. Consider also putting out a few snacks and drinking water.

When having friends and family stay overnight the hope is always for them to feel at home. You can avoid a cold, unwelcoming guest room by employing just a few of the above tips. After all, it痴 the little things that count and your extra efforts surely won稚 go unnoticed!




Categories: Uncategorized  


Posted by Coldwell Banker Murray Real Estate, Inc on 7/4/2017

Selling your home can be an expensive process if you're not careful. Fortunately, we're here to help you maximize the value of your home and ensure that you're able to avoid costly mistakes throughout the home selling process. Here's a closer look at three costly mistakes that every home seller needs to know about, along with ways to avoid such issues altogether: 1. Selling Your Home Before You Are Qualified to Buy a New One Although you had no trouble buying your current home, the same won't necessarily hold true when you look to purchase a new residence. For example, your financial circumstances may have changed between the time that you purchased your current home and now. This means that you may struggle to qualify for a home loan in the current economic climate. As such, you'll want to get pre-approved by a lender before you sell your current house. You also should conduct plenty of research into areas where you may want to live in the future; that way, you'll be better equipped to buy another house and relocate quickly if a homebuyer wants to purchase your current residence. 2. Guessing the Sale Price of Your Home It is unlikely that what you initially paid for your residence is what it's worth now. As a result, you'll want to understand the true value of your home before you add it to the real estate market to optimize the value of your residence. Getting a fair market appraisal will ensure that you can better understand what your home currently is worth. Furthermore, you should consider the upgrades that you've made across your home, as these improvements likely will boost your residence's value. When it comes to the sale price of your home, why should you be forced to leave anything to chance? Instead, do your homework so you can determine the optimal sale price, i.e. a sale price that highlights your home's true worth and will make your residence an attractive option for homebuyers. 3. Understanding the Stress Associated with the Home Selling Process A calm, cool and collected approach to selling your home often is ideal, particularly as the stresses commonly associated with the home selling process start to add up. For instance, a homebuyer may submit an offer and follow it up with a home inspection. But during the inspection, this homebuyer could find issues with your home that lead him or her to reconsider the initial offer and could put a potential home sale in jeopardy. Conversely, with the right real estate agent at your disposal, you'll be able to minimize many of the stresses of the home selling process. This professional will possess the necessary skills and know-how to guide you during the home selling process, and ultimately, improve your chances of a fast, successful home sale. Costly home selling mistakes can put a dent in your wallet or pocketbook and cause your stress levels to rise. But home sellers who work with a dedicated real estate agent can benefit from the support of an experienced professional who can simplify the home selling process.




Categories: Uncategorized  




Tags