Are You A Future Homeowner, But Yet Have Complications
The nation’s homebuyers are feeling better about the housing market, but it is still difficult for many to get the loans they need to purchase a home. This has some of the population worried, as home buying has commonly represented one of the best ways for families to build wealth. Unfortunately, college debt, inadequate credit scores, and other economic factors have limited the nation’s purchasing capability. In the most recent Survey, conducted in January, consumers appeared more confident than ever about their personal financial circumstances. Nearly 30 percent of candidates had seen their income increase in the past year, and almost 50 percent believe their financial circumstances will further improve in the next 12 months. Alternative lenders such as Betterloans provide Lower Mortgage Costs through Cutting-edge Technology with a variety of loan types available. Betterloans is able to effectively and efficiently save time and money, which makes the entire loan accepting process simple. Betterloans is ready to help these individuals achieve their dream of homeownership.
Tips Using Your Tax Refund to Boost Your Property Value
Do Your Research
For those who are looking to purchase a home in a rural area, the government has a great program to
assist and qualify you. These loans are guaranteed by The United States Department of Agriculture
(USDA). These UDSA backed mortgages allow for certain borrowers who meet the income and geographical
restrictions to obtain a mortgage with zero down payment, that’s right 100% loan to value financing.
Please contact one of the expert home loan consultants at betterloans.com to learn more
about USDA home loans today.
Easy Ways To Boost Home Value
A good place to start is to think about what you can do to add to your home’s appraisal value. You may not be looking to sell your home right away, but improvements over time can save you from having to do a lot of work should you want to sell down the line. The appraisal value is also very important if you decide to refinance.
Fortunately for homeowners, a number of remodeling projects offer the potential for a high return on investment (ROI). According to Remodeling magazine’s annual cost vs. value report, some of the best renovations are those done on the exterior of the home—siding, window, and door replacements—because they immediately improve a home’s curb appeal.
Attic bedrooms
According to Remodeling, you’ll recoup 73 percent of your investment when turning the attic into a bedroom. However, this also ranks as one of the most expensive projects, averaging $50,148 nationally. But if you have the money, an attic bedroom is a desirable feature among homebuyers. “Any time you add additional square footage like that can have a very positive effect on the selling price,” says Paul Wyman, a real estate agent with Wyman Group in Kokomo, Ind.
Kitchens
Although a kitchen remodel returns only 66 percent, on average, Chris Dossman, a real estate agent with Century 21 Scheetz in Indianapolis, says kitchens are one of the first things home buyers look at. “If you have a house that doesn’t have an updated kitchen but you have a remodeled attic, that’s not what people are looking for,” she says.
The Whole Package
It’s important to consider your improvements as part of the whole package. Little things strung together can add up to a big difference.
Also consider bumping out the size of a bathroom. Many buyers looking for a three-bedroom home want two full baths rather than one full and one half bath, says bath contractor Baker.
The Little Details Help
When it comes to determining which home improvements to make, there are plenty of small things you can do to add to your property value.
Condition refers to how well your house is maintained. Basic maintenance like the occasional coat of paint or re-shingling the roof probably won’t add to your property value, but missing these things will certainly hurt it.
There are several things you can do as a homeowner to add to your property value on the inside and outside of your house.
Ways To Find The Value Of Your Home
A lot of things factor into how much your home is worth, such as the location, the square footage, the school district, and the number of bedrooms. Although several of those parameters are not easily changed, some are under a homeowner’s control.
As an knowledgeable homeowner, your job is to consider both what you can do to improve your home’s value, as well as what you may unexpectedly be doing to decrease it. Completing renovations and repairs might pay off to varying extents. In other cases, you may just have to put up with some of the things you do not love about your home, but letting a house slip into disrepair is a certain way to decrease its value. Whatever path you choose, it is crucial to be aware of how you are affecting your home’s bottom line and to understand what can be done to raise it back up.
One of the main things to remember while trying to boost your house’s value is that people have a wide variety of tastes. Those tastes may vary greatly both geographically and demographically. A house with the flexibility to suit a big slice of the population pie will be more in demand than one highly customized to any one particular lifestyle. The more people who find a house attractive when it hits the market, the better off you’ll be.
Are You A Future Homeowner, But Yet Have Complications
The nation’s homebuyers are feeling better about the housing market, but it is still difficult for many to get the loans they need to purchase a home. This has some of the population worried, as home buying has commonly represented one of the best ways for families to build wealth. Unfortunately, college debt, inadequate credit scores, and other economic factors have limited the nation’s purchasing capability. In the most recent Survey, conducted in January, consumers appeared more confident than ever about their personal financial circumstances. Nearly 30 percent of candidates had seen their income increase in the past year, and almost 50 percent believe their financial circumstances will further improve in the next 12 months. Alternative lenders such as Betterloans provide Lower Mortgage Costs through Cutting-edge Technology with a variety of loan types available. Betterloans is able to effectively and efficiently save time and money, which makes the entire loan accepting process simple. Betterloans is ready to help these individuals achieve their dream of homeownership.
Are You A Future Homeowner, But Yet Have Complications
The nation’s homebuyers are feeling better about the housing market, but it is still difficult for many to get the loans they need to purchase a home. This has some of the population worried, as home buying has commonly represented one of the best ways for families to build wealth. Unfortunately, college debt, inadequate credit scores, and other economic factors have limited the nation’s purchasing capability. In the most recent Survey, conducted in January, consumers appeared more confident than ever about their personal financial circumstances. Nearly 30 percent of candidates had seen their income increase in the past year, and almost 50 percent believe their financial circumstances will further improve in the next 12 months. Alternative lenders such as Betterloans provide Lower Mortgage Costs through Cutting-edge Technology with a variety of loan types available. Betterloans is able to effectively and efficiently save time and money, which makes the entire loan accepting process simple. Betterloans is ready to help these individuals achieve their dream of homeownership.
