Tammy Stone
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Articles Tagged "location"

Should I Sell My House Home

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Buying A Home | 4 Posts
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October
1

Check out my newest listing in Cedar Springs School District!

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February
8

December
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November
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February
15

How Can I Balance Needs Versus Wants As I Home Shop?  That is a great question.

 

Here's the trick to buying your best house: know what you need. Really, you only need a solid roof, good floors and walls, plumbing, heating, and lighting. Everything else is preference.

Imagine your dream home. Review each item that makes it ideal. Ask which items you could live without and which ones you would pay extra to have. Embrace delayed gratification. Items you want are often those you can add later. You can change features such as light fixtures, countertops and paint. Answering these questions can help you determine budgets for the home purchase and future renovations.

Make a list. Think about a home's different features: bedrooms, bathrooms, lighting, landscaping. List characteristics of each. Determine which ones you need to have, would like to have and don't want. This will help you avoid looking at homes you know don't interest you.

  • Know exactly what you want to a fault – Open kitchen, quiet street, backyard. Be flexible
  • Realize that you will probably buy several homes during your lifetime and it may NOT be your forever home. Lifestyles change, you have kids, parents move in with you.  Your kids move out and the house is to big.  Job change.
  • You think home improvement reality shows are actually realistic. While some things are easy fixes, others are not even though it looks EASY on HGTV.
  • If you don't like the home, we don't need to look at every aspect of the home. Time is valuable and let's make the best use of our time.

October
6

LOCATION, LOCATION, LOCATION...

We all know that living near a good school increases the value of your home. But who knew a neighboring cemetery can adversely affect your property value? Or that proximity to a hospital isn't a good thing? In fact, we now know—or should know—that nothing is more important when selling your home than your neighborhood. So if you're buying, think ahead; purchase your dream home in the wrong location and you may be buying into a nightmare.

Here are some location no-nos:

  • Realtor.com research has found that living near a cemetery will lower your property value by 12.3%
  • And having a hospital nearby means when you sell you can expect an impact on your sale price of 3.2%.
  • Also note: make sure you move near a "good" school; a "bad" school will reduce your home's value by 22.2%. ·
  • An article in the Journal of Transport Economics and Policy indicates that having an airport nearby can discount the value of your home. The greater the noise level, the greater the negative impact.

Among the amenities to look for in your neighborhood-to-be:

  • Proximity to transit. According to a Transit-Oriented Development in America survey, 55% of Americans would pay more to live near good transit options. The study, conducted by consultant HNTB Corporation, found that 57% of respondents liked not having to depend on cars to "work, live, and play." ·
  • A neighborhood on its way up—not down. In transitional neighborhoods, you get a lot of value for your home-buying buck. Your real estate agent is the best source of information and will also know if there are any planned roads or developments that may impact the neighborhood—positively or negatively.
  • Water, parks, and green spaces. A nearby waterfront can add up to 25% to the value of your home

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