Pretty much everyone knows that a home’s size, number of bedrooms and bathrooms, and location have a huge impact on the value of a property. For instance, a 3-bedroom detached home backing onto a golf course will most certainly hold more value compared to a 2-bedroom townhouse that’s situated near train tracks.
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Considering the magnitude of the purchase, buying a home requires a lot more than just scoping out a few listing on the internet, scheduling a couple of showings, and slipping in your offer. You’ll need to take your time on this one, and make sure you tick off a bunch of to-do’s before you dive into a home purchase.
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The real estate market in California lost a bit of momentum in August as a result of continued issues with housing affordability and a shortage of inventory, according to the California Association of Realtors (CAR). While home sales have managed to stay over the 400,000 pace for five straight months, sales have decreased year-over-year for the sixth month in a row.
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Ever noticed that upscale hotel rooms seem to be decorated with great style and flair? That’s because experts in the world of interior design and decor have had their hand at these spaces. Why not take some cues from these pros and bring the hotel experience back to your home? Here are 7 ways to do just that.
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It takes a lot of money to run a home, but you could be spending more money than you really need to. Cutting back on how much energy your home uses can help you shave a huge chunk of money off your monthly utility bills, and it can be a lot easier than you may think. Small changes here and there can really add up to significant savings.
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Location, location, location. The phrase may have become somewhat of a cliché in the world of real estate, but it still remains the most important factor in determining the true value of a property. When you’re in the market to buy, you’re not just purchasing the physical home, but you’re also buying into the surrounding neighborhood as well.
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As a buyer, you’re spending big bucks on a home purchase, so you want to make sure you get everything you rightfully deserve. But the line between this and being greedy and unreasonable can sometimes be blurry. Asking for too much can turn sellers off and out you at risk of losing out on the house.
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Millennials are currently the largest group of homebuyers out there, and have been for the third year in a row. Making up 35% of the home buying demographic in the US, Generation Y buyers make up more than younger and older baby boomers combined.
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When it comes to homes, styles change and features come more innovative. So it’s pretty unlikely that whatever state your home is in now will be up to snuff in a decade or so. At that point (or probably sooner), you’ll be looking to update the finishes or improve the functionality of your space. The thing is, these kinds of tasks costs money, and budget always rears its ugly head when the need for a big revamp in a home is called for.
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No matter how new your home is, issues with your windows can creep up at any time. And at some point, they’ll need to be completely replaced. While high-quality, properly-maintained windows can last for as long as 20 years, they don’t last forever. Pay attention to them: they’ll show specific signs that it’s time to swap them for brand new ones.
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