Top Tips For The First-Time Homeowners

Owning your first home is one of the biggest milestones in an individual’s life. Once it’s finally all yours, you want to make sure you avoid common rookie mistakes like the ones below.

  1. Starting major renovations right away. With all the excitement and energy from the closing table still lingering, it’s easy to get caught up in home improvements. Before starting a major renovation, give yourself 2 or 3 months of living in your home to really solidify that it’s the right financial investment and what you really want.
  2. Ignoring routine maintenance. Ignoring routine upkeep and maintenance, such as prepping your pipes for winter, clearing gutters, and filling cracks near doors and walls, can cause big issues down the line. Make sure to budget both time and money for these tasks.
  3. Hiring the cheapest option. If you have a job that a professional, don’t always opt for the cheapest option. Makes sure to get several estimates for the work and look online for reviews. Once you do your research, select the professional you think will do the best job.
  4. Not knowing your property boundaries. During closing, you may receive a survey of your home and property, however it’s crucial you know exactly where your property lines are. Outline this before your start planting or building fences or structures.
  5. Neglecting the exterior of your home. Once you move in, it’s easy to focus your energy and effort on the interior. But don’t forget to give your exterior some TLC with thoughtful landscaping and regular checks to ensure weeds are taken care of and water is draining correctly.

Year-Over-Year Change in Buyer Traffic

The number of potential buyers was up 46.7% in the South this year so far according to Showing Time!

If your thinking about selling your home, this may be a great time to get the best price and the most favorable terms!

Whether you’re interested in buying, selling, investing or renting, the Yancey Realty team is here to help YOU!

Give our team a call today at 704-467-8877 to get started today!

Top Lifestyle Considerations for Buying a Home

You’re not just buying a house, you’re buying a lifestyle! That means when you’re writing out your list of must have home features and deal breakers, you need to think beyond the “house data” and figure out which features to focus on that will give you the lifestyle you want to live! As a buyer, you might say you’re looking for a 3 bedroom home with a finished basement on at least an acre and with an updated kitchen. An example of what you really might be looking for is a place to raise your growing family, a kitchen that overlooks the private backyard where you can watch your kids play catch while you make dinner, and extra space in the basement for games, toys and movie night! That’s just an example but I think you get the idea. So the lifestyle you are going to have in your new home is something you want to consider when determining which home features are best for your needs.

Number one – LOCATION MATTERS FOR YOUR LIFESTYLE! You hear it all the time in the real estate world – it’s all about the location, location, location, location… and it really is true! Because while you can change paint colors, counter tops and put on that massive deck you’ve always dreamed of, you can’t move your house to a new spot (not without a lot of money anyways).

Think of things like what your work commute will be like, how far of a drive you’re willing to have each day, the features you want in your community, and the school district you want to be in if that is important to you. Do you want to be in walking distance to the downtown? Do you want to be set further back from the road for privacy? What about the size of the city you live in? Do you want the feel of a small town lifestyle or are you happier in a busier city? The location of your home will be something that isn’t going to change so figure out what is essential to you when it comes to the location of your home and the lifestyle it will create!

Now let’s talk about the home features that fit your lifestyle. When you think of home features it’s easy to automatically jump to your running list of criteria such as the size of the garage, how many bedrooms you want, that must have updated kitchen and all of the “house data” like I mentioned. However, you are ultimately buying a lifestyle, not just a house. So I have some things for you to consider when it comes to the type of lifestyle you are ultimately looking for when you make a move! Write down these questions and really think about what your answers are:

  1. Where do you spend most of your time at home? If you love to cook and spend most of your time in the kitchen, you’ll want to prioritize the layout of the kitchen when looking for a home. You can always add in upgraded quartz countertops or that dreamy double oven but the size, layout and location of the kitchen should be a top concern if you don’t want to do any major renovations.
  2. What is something you wish you had in your current home?
  3. What is something you don’t want any longer in your current home? Is your yard a lot to maintain and you want something smaller with a lot less maintenance? Maybe it’s the opposite and your current yard is just too small for the lifestyle you have making one of your top priorities having a bigger yard with privacy.
  4. Which room in your house do you spend the most time in?
  5. How much space do you need to live comfortably and be able to enjoy the things you love the most?

Are you hoping to have enough bathrooms to avoid chaotic mornings?

These questions will help you determine which features could be the most important to focus on when the time comes to look for a new home. Maybe features like hardwood floors aren’t as necessary as having a layout that is perfect for entertaining and hosting holiday parties. You can always swap out flooring later but the layout will be a little harder to change!

Think about how much time you want to put into your house. Do home flipping shows on HGTV resemble your homeownership goals? Many buyers are intent on finding a house they can remodel exactly they want they want which is awesome! However, they often don’t realize how much work, time and money it can take. HGTV can make remodeling and flipping houses look a lot easier than it is in reality. Consider how much time you have to spend on home projects before getting yourself into something that is over your head and potentially over your budget which leads us to…

Your lifestyle budget. Lastly, make sure to budget for your lifestyle, not just your house. It’s important to consider how much you can afford comfortably, not just what you can afford on paper.  Many buyers are pre-approved for a significantly higher amount than what they are actually comfortable spending on a monthly basis. Think about other expenses you have when it comes to your lifestyle – what else is important to you? Do you love to travel or go out to nice dinners on a regular basis? Do you love attending as many games of your favorite football team as possible? What hobbies do you have that cost money every month?  Make sure the amount you spend on your house doesn’t eat up all of your extra funds so you’re glued to the house and can’t have any fun doing the things you love!

There you have it, the top lifestyle considerations for buying a home! Location, home features that fit your lifestyle, how much work you’re willing to do and remember to budget for your lifestyle! If you’re considering buying a new home in the near future and you want to chat more about the type of lifestyle you’re looking for, comment below or send me a direct message so we can set up a time to grab coffee!

How To Curate Art For Your Home

The right artwork can transform any room in a home, plus it has the unique ability to display the homeowner’s personality, character, and energy. Because of that, choosing the right pieces can feel a little overwhelming sometimes. Use the below guidelines to help you get started.

Find a Statement Piece

One of the easiest ways to select art for a room is by starting with one central piece. This could be a meaningful photograph, colorful painting, or eclectic print. Once you find one piece you really love, use it as an anchor and select other pieces to complement it.

Play with Colors

Often, people get caught up in the idea that artwork must match the color theme of the room it’s displayed in. Although this is a great starting place, don’t be afraid to think outside the box and choose art in contrasting colors to catch the eye or try implementing black, white, or gray pieces.

 

Be Selective with Size

When selecting artwork for a room, knowing where it will be placed on the wall can help determine sizing. As a general rule of thumb, pieces of art should be hung about 57 to 60 inches from the ground and leave 6 to 8 inches between them and the top of furniture.

Try a Gallery Wall

If you have a large wall begging to be filled, a gallery wall could be a great option. This allows you to incorporate a lot of different pieces in one place. Your gallery wall could contain artwork and images of the same texture, color, and material or you can mix and match different prints, photographs, décor pieces, and frame.

The Cost of Renting vs. Buying

The percentage of income needed to afford a median-priced home today is 📉, while that for renting is on the 📈.

This is making buying a 🏠 an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power!

If you’d like expert guidance on exploring your home buying options while affordability is high, reach out to us today at 704-467-8877!

The Digital Age & Real Estate

More and more people are searching online for answers to real estate questions! Trust one of the professionals at Yancey Realty to give you the most accurate insight into the current local market!

Give us a 📱 today at 704-467-8877

 

2020 Homebuyer Preferences

With interest rates at an all time low, it’s no surprise that there’s a surplus of buyers right now! Whether you’re house hunting, or you’ve been waiting on the perfect time to sell your place the Yancey Realty team would love to assist with your real estate needs! Give us a call today at 704-467-8877 to get started!

What Do First-Time Homeowners Want?

As a first-time homebuyer, it’s understandable that you would be very selective about the home you purchase. This is likely the largest financial investment you’ve made in your life so far so you want to ensure you’re going to get exactly what you want. That’s why, as a seller, it’s important to be aware of the most desirable features for buyers in today’s market. Check out five below.

  • Location. This one should come as no surprise. Location has always been key. Buyers are looking for low crime rates and nearby stores. Families with young children are looking for great schools and parks nearby. Young professionals are looking for easy access to work, restaurants, and nightlife.
  • Extra storage. A garage with floor space and shelves. An extra bedroom that can be converted. A backyard shed. Or a closet under the stairs. Adequate storage space is highly sought after. Updated kitchen and bathroom. Many buyers are in the market for high-end, modern appliances, finishes, countertops, and more in their kitchens and bathrooms.
  • Large patio or backyard. This feature may make or break a first homeowner’s decision to purchase. Many times, these buyers are coming from smaller living spaces like apartments and are looking for a place to entertain guests, enjoy the fresh air, and play with kids or pets.

  • Smart appliances. These have been on the rise for years and aren’t going away anytime soon. Homeowners are looking for these devices to help them save money on energy, connect with friends and family, secure their home, and add convenience.

 

Top Tips For Disinfecting Your Home

In the current world we live in, it’s incredibly important to put a focus on finding strategies to keep ourselves and our families safe and healthy. Although our homes should be our safe place, germs and bacteria can be carried in daily. Here are a few tips to rid your home of those contaminants.

  • Clean regularly touched surfaces. Although washing your hands regularly is a great habit, there is still a chance germs can be transferred to surfaces. Disinfect areas that are touched regularly, like handles, light switches, tables, and countertops, with a microfiber cloth dipped in hot water and all-purpose cleaner.
  • Wash dishes the right way. If you use a dishwasher, make sure the water temperature is set to 140 degrees Fahrenheit and use detergent that lists chlorine bleach as an ingredient.
  • Disinfect soft surfaces in the living room. Although disinfecting tables, light switches, and lamps is a great starting place, be sure to focus on pillows, couches, and chairs too. Purchase a disinfecting spray that is meant for fabrics to kill lingering bacteria and read and follow the instructions carefully to ensure it is effective.
  • Don’t forget your devices. Sanitizing TV remotes, video game controllers, computer keyboards and mice, and cellphones is crucial. Use disinfecting wipes to carefully sanitize all surfaces and buttons or, if you don’t have wipes, spray disinfectant on a paper towel then wipe the device.
  • Properly sanitize your laundry. One of the easiest ways bacteria travels into the home is on clothing. Set your washing machine either to the sanitize setting, or if not applicable, the warmest water temperature and use a laundry sanitizer.

What You Need To Know About Refinancing Your Mortgage

Refinancing your mortgage can have many financial benefits when done at the right time in the right way. Here’s what you need to know about this type of transaction.

What is refinancing your mortgage?

When you refinance your loan, you essentially pay off your remaining mortgage with funds from a new one. The process is fairly simple and similar to when you applied for your initial mortgage. You’ll gather quotes from multiple lenders, file an application, gather and provide financial documentation, like paystubs, bank statements, etc., then close like you did when you first purchased.

Why should you refinance?

Refinancing your home loan is an option available to most homeowners. This decision can allow a homeowner to reduce their monthly mortgage payments, negotiate a shorter payment term, switch to a different type of loan, cash out on home equity, and consolidate debt.

When should you refinance?

Timing is key when it comes to refinancing your home. The best time to take this step is when interest rates drop lower than the rate you closed at. Another good time to consider refinancing is if your current credit score could allow you to qualify for better interest rates than your time of purchase.

What are the costs to refinance?

Unfortunately, refinancing isn’t free. Your refinanced mortgage will come with similar fees to your original, such as appraisal, title insurance, closing costs, and more. Because of this, when deciding to refinance, make sure the money saved outweighs the fees your will incur.