Dara Lewis' Blog
When it comes to the time for a tax refund, you may have a lot of big plans for the extra money that you’ll receive back from Uncle Sam. Your mind may swirl with possibilities as to what you might do with the money. One of the best uses for the money is to reinvest it in your home. It can only increase the value of your property, giving you more equity to play with whether you plan to refinance or sell in the future. The money you get back may be enough to do things like buy new appliances or put in a new floor. Below, you’ll find some of the best ideas for how to spend your tax refund money on home improvements.
Adding some new paint to your home can do wonders for both the interior or the exterior. See what needs to be done the most and do some cost estimates. You may even be able to hire a professional painter who can get a painting job done fairly quickly without making the huge mess that you might if left to painting on your own.
Add Some Rugs
Adding just a few rugs to the hardwood surfaces around your home may make your home a lot cozier. For one, the surfaces that you walk on with bare feet will be much softer and warmer to the touch. Rugs also add a certain style element to a room that not many other accents can. Be sure that the rug you choose blends well with the color scheme that you desire for your rooms.
Work On The Outdoors
With your tax refund money, you’ll be able to make some significant improvements to the outdoor spaces of your home. It can never hurt to add a bit of curb appeal to your property by adding bushes, new grass, outdoor lighting, and the like. Even painting your front door can be a simple task that makes a huge difference to the outside of your home.
Upgrade Your Appliances
Upgrading your appliances can be one of the biggest things that you do to add value to your home. You can start small with items like your range and dishwasher. If you have a bit more money to play with, you may end up servicing and replacing larger items like your hot water heater, HVAC systems, or even adding solar panels. The money that you’ll save on energy efficiency will pay for the appliances over time. Also, if you’re getting ready to sell your home, these upgrades will make a huge difference in the return value that you can get for your home.
For home sellers who want to accomplish the optimal results, it is important to remain open to negotiations with buyers. There are many reasons why home sellers should negotiate with buyers, and these include:
1. You can accelerate the house selling journey.
If your mission is to sell your house as quickly as possible, you should be open to negotiating with a buyer. Because if you can negotiate a home purchase agreement, you can move one step closer to concluding the house selling journey.
As you enter a negotiation with a homebuyer, it is important to keep your house selling goals in mind. At the same time, you should be willing to adjust your goals as needed. If you maintain flexibility throughout a negotiation with a homebuyer, you may be better equipped than ever before to enjoy a fast, profitable house selling experience.
2. You can reach an agreement that works well for both a seller and buyer.
If you find a buyer's initial offer to purchase your house falls short of your expectations, you can open up negotiations with this individual. Then, you and a buyer can work together to come to terms on a home sale agreement that suits both parties.
Of course, a negotiation with a buyer does not guarantee instant success. If you and a buyer cannot reach a home sale agreement, there is no need to worry. Even if negotiations with a buyer fail, you can wait for another offer to purchase your home that falls in line with your expectations.
3. You can get the best price for your house.
As a home seller, it is important to do everything you can to optimize your house sale earnings. If you negotiate with a buyer, you can increase the likelihood of getting the best price for your house.
Furthermore, home sellers should keep in mind that they have options during a negotiation with a buyer. If you are not satisfied with the progress of a negotiation, you can walk away from the negotiating table.
When it comes to negotiating a home sale, you may want to hire a real estate agent, too. A real estate agent understands the ins and outs of home sale negotiations and will do whatever it takes to help you achieve the best-possible results.
Typically, a real estate agent can handle a negotiation with a buyer on your behalf. This housing market professional will continue to provide status updates throughout a negotiation and do what it takes to streamline the house selling cycle. Plus, if you ever have concerns or questions during a home sale negotiation, a real estate agent can instantly respond to them.
Don't stress about negotiating the sale price of your home. If you are open to negotiating your house's sale price with a buyer, you may be able to speed up the home selling journey. Best of all, you could maximize the profit from your home sale.
The decision to sell a home can have long-lasting ramifications. As such, it is important to weigh the pros and cons of listing a house. This will allow you to determine if now is a good time to add your residence to the housing market.
Furthermore, there are many factors to consider as you decide whether to list your residence, and these include:
1. Your Short- and Long-Term Plans
Think about what you hope to accomplish in the immediate future. If you have the flexibility to relocate from one location to another, now may prove to be a good time to list your residence.
Consider your long-term plans, too. If you find that you want to reside elsewhere sooner rather than later, you may want to consider adding your house to the real estate market in the near future.
2. Your Finances
Oftentimes, it helps to examine your current mortgage payments, as well as any other daily and monthly expenses. If you have a budget in place, you can determine if you are in a strong position to sell your home and move.
You also should consider the current state of your home – something that can have a major impact on whether you can turn a profit from a house sale. Of course, if you decide you want to list your residence, you can always upgrade your home. And by doing so, you could boost the likelihood of enjoying a profitable home selling experience.
3. Your Family and Friends
If you want to live closer to family and friends who reside many miles away from your current house, you can list your residence and plan to relocate. Then, you can pursue a new residence that provides convenient access to your family and friends.
Embarking on the home selling journey is rarely simple. But if you have a real estate agent at your side, you can receive comprehensive support as you navigate the house selling journey.
A real estate agent is happy to meet with you and learn about your residence. This housing market professional also can provide tips and recommendations so you can upgrade your residence before you list it. Plus, when you are ready to add your home to the local housing market, a real estate agent will promote your residence to potential buyers. And if you receive an offer to purchase your residence, a real estate agent can even help you make an informed decision about whether to accept, reject or counter this proposal.
If you hire a real estate agent, you can receive lots of assistance as you finalize a home sale as well. The final stages of the home selling journey sometimes can be difficult to navigate, but a real estate agent will work with you to ensure you can complete a successful home sale.
For those who are uncertain about whether to add a home to the real estate market, it generally helps to consider the aforementioned factors. If you examine these factors closely, you may be better equipped than ever before to decide whether to list your house.
When you’re showing your home, you need to stage the home properly to impress buyers. Buyers need to be able to get an idea of what it would be like to live in the home. No matter what your own lifestyle is, or what problems you have had in the home, there are certain things that you probably don’t want to share with anyone who could be a potential buyer on a walk through.
Any Kind Of Taxidermy
Although you may enjoy hunting and taxidermy, there are few things that creep out potential buyers more than seeing animals that were formerly alive hanging on your wall. It’s been shown that taxidermy often gives buyers a sense of dread and can creep them out. Yes, that bear rug may be comfy and quite the accomplishment, but not everyone will share the same sentiment as you. Be sure to get all of these animal displays out of your home when you’re getting ready to sell it and show the property.
Personal Collections That May Be A Bit On The Strange Side
It’s really cool if you want to collect dolls, clowns, or have some kind of a celebrity shrine in your home. It’s cool for you, that is. Keep these items to yourself, especially when the home is going to be shown. Any room that could be considered too full of any one kind of item should be redecorated slightly before a home showing.
Weapons are on the same spectrum as taxidermy. Many people may have differing opinions with you on the subject and it could creep some buyers out. If you have any kinds of guns or knives displayed in your home, you should put them away for showings. These items can make buyers feel very uncomfortable and leave them turned off by your home.
If you like to get political, know that many people who are potentially going to buy your home probably don’t share your views or interests. Keep any politically charged signs and organizational symbols out of view for the showing of your home. Buyers may not be able to relate, and in turn, end up being turned off by your home.
Bug Traps Or Mouse Traps
We all have experienced bugs or mice in our homes at one time or another. When the house goes up for sale, you don’t want to advertise this by keeping any kinds of traps in view of buyers. People will get creeped out easily by the thought that pests have infested the home at some point. Although the home inspection will probably note that there was some type of a pest problem in the home, you don’t want to lose potential buyers because a mouse trap was in view.