Preferred Properties of Texas

The Preferred way to buy & sell property for over 25 years

Have You Outgrown Your Home?

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It might appear difficult to imagine the house you’re in now — if it is your starter house or one you have fallen in love with — may not be your forever home.

Many needs have shifted in 2020, and it is fine to acknowledge if your home no more matches the way you live. If you are working remotely, easing virtual college, attempting to exercise in the home, or just spending additional time in your four walls, then you could be bursting at the seams in your existing property.

As stock has diminished and need has increased, prices are driven up. This is excellent news if you have a house and you are considering selling. The equity on your house has probably risen as costs have increased.

If you think you’ve outgrown your current home, reach out to one of our agents to discuss local market conditions and determine if now is the best time for you to sell.

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Selling Real Estate in Stephenville, TX

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Are you thinking of selling real estate in Stephenville, Texas but not sure how to go about it? That is absolutely fine, because here are some tips that may come in very handy when it comes to selling real estate Stephenville. First and foremost, do all you can to get your properties documentation in order. This includes the mortgage information from the bank, survey, information on your roof, warranty info on appliances, and other things of this nature.  You may want to call a title company that can go ahead a double check your title to make sure that it has not become clouded.  You may also want to get an inspection done and consider getting a appraisal as well.

Of course, it is wise to consult a licensed real estate agent before putting your property on the market or before making any actual purchase of properties in Stephenville Texas. This is simply because buying real estate is a serious matter and should never be undertaken lightly. In addition, when considering all aspects of a real estate in Stephenville, it is important to remember that you can borrow money against the real estate property that you purchase in order to finance the prooperty through a mortgage. It is also smart to have a qualified appraiser asses your real estate for market value and to make suggest improvements, if needed in order to make sure that your real estate is worth as much as possible.

Another option for obtaining financing is to use a mortgage broker who specializes in real estate in Stephenville. Finding a mortgage broker is not difficult because there are now several of these brokers in Stephenville, Texas. The process of obtaining a mortgage loan is made easier by the fact that most brokerages now require no money upfront deposit before offering any loans. As long as the buyer has sufficient income, a person can use a mortgage broker to help obtain a loan. The process of selling a real estate transaction in Stephenville is relatively simple; however, one should always hire a real estate agent to ensure that all aspects of the sale are handled properly and that there are no liabilities that might arise after the sale.

When is time for you to buy or sell real estate in Stephenville contact an agent from Preferred Properties of Texas

6 Home Improvements That Do NOT Add Resale Value

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Just because you’ve added tons of fancy upgrades to your home, does not mean you’ll get any more money for your house when it comes time to sell. In fact, you’ll probably end up sinking lots of money into these projects and seeing little to no return on investment. If you’re wondering how you can improve your home’s value, these are six projects that you can skip altogether.

Pools

The resale value on your pool may differ depending on where you live. For instance, if you live in a state like Florida or Texas, many times, buying a house with a pool is a no-brainer. That’s because the climate is so hot in these areas that pools are almost a necessity. However, for safety reasons families with young children may not like the idea of having a pool. Also, if you live on the East Coast, buying a house with a pool is oftentimes considered a hassle. Pools on the East Coast don’t get used nearly as much as those in the south. 

Also, installing a pool will cost you more than just the installation process. There are reoccurring fees for cleaning and maintenance. Overall, it is rare that you will recuperate the installation and maintenance costs when it comes time to sell your home. 

Landscaping that goes beyond curb appeal

Over-the-top landscaping, elaborate gardens, ponds and more will not make your home more valuable. These additions are too personal to get your home a more expensive price tag. Although your beautifully manicured hedges are aesthetically pleasing, they might not be everyone’s cup of tea. The only thing that really matters in terms of landscaping when it comes time to sell your home is that the grass is cut, and you have a few nice features, such as a gravel walkway and some potted plants to satisfy potential buyers. Keep in mind that anything more than that will be a labor of love and not to boost home value. 

Improving above and beyond what’s typical in your neighborhood

Be careful not to over-improve your home so that it sticks out in your neighborhood. Despite your best instincts, rushing to improve every little thing about your house to boost its value will do you a big disservice. Buyers looking in your neighborhood are seeking a house in a specific price range, but yours, if you over-improve it, will be out of their budget. And someone who can afford your house will probably be looking in neighborhoods already well-known for their affluence. 

Lots of little maintenance projects

Don’t get confused between home improvements and home maintenance. Things like upgrading the electric, replacing the roof, replacing the furnace or installing new gutters are all considered necessary updates that every home needs and won’t lead to added value. 

Home office addition or remodel

According to Forbes, home office remodels only lend a 46 percent cost recoup. That’s not very high. Not everyone needs a home office, so an addition of one will only appeal to certain buyers. If you have an extra room in your house, many people would rather see it turned into a guest room or nursery. 

Sunroom addition or remodel

The same goes for a sunroom addition or remodel – it’s not an essential home feature. Sure, some buyers might like the idea of a sunroom, but it’s not on many people’s must-have list, so it won’t add value. Forbes lists a sunroom addition as only lending a 49 percent cost recoup. 

For more information about what you can do to make your home more appealing to potential buyers, give us a call today.

Creating a Better Home While Increasing Its Value

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2020 continues to be a year where folks have spent time in the home lately memory. Turning the house to a livable space has to be the aim in this time period. The house should be regarded as a massive investment since it’s probably the majority of a individual’s net worth if they have the house outright or through home equity. Improving your house and its resale value concurrently should be the objective of every homeowner.

Flooring Change

Maintaining the carpet clean through the house can look to be a full-time task in itself. This job gets a lot more difficult with kids or even a pet operating around. Wood flooring may not be the most suitable choice for families with children or pets, because it could be scraped. Water left with no cleaned up can cause the floor buckling along with the floor with need to be replaced at any stage. A fantastic choice is really a faux wood tile that offers you a look of wood with no upkeep related. Tile can defy anything other than heavy items being lost but a cracked tile could be substituted at a sensible price. Make a list of pros and cons to determine which kind of flooring will really increase resale value when decreasing time spent keeping the flooring.

Garage Door Replacement

Garage door replacement may give a house that curb charm that things immensely when set a house. Painting a present garage door can aid with curb appeal however may not be needed. A home inspector will make notice of a garage door that may cost tens of thousands to replace. Look after this today by replacing your present garage door with a more modern choice.

Building a Deck

The deck may be a excellent spot to amuse if you’ve got a pool or not. The 1 aspect to remember is using the support of guaranteed contractors with past experience building decks. The last thing anybody needs is that a deck to fall when people are over contributing to numerous accidents. For all those who have pools, the pool can have an outside kitchen additional. Being in a position to amuse without worrying about spills at the house provides the greatest advantage for hosts.

Opening Up the Toilet and Including an Island

This is the point where a household congregates during foods and in which guests do the same. Having the ability to open the kitchen up may allow parents to observe their kids while they’re prepping meals. The kitchen island can help with prepping as additional counter area makes it quite simple to prep quite a few components. HGTV has popularized such islands and this station might have a bigger impact on a buyer’s checklist compared to their tastes. Movable islands would be the most versatile, since they may get in the way occasionally if not put in a handy place.

Finishing Your Basement

The reality is that the majority of the crap from the cellar could be thrown or sold out. Including a lot of square footage from livable space in the house by completing the cellar is sensible . The cellar is much too versatile of a room to be utilized for storage since it can readily be used for entertaining. A teen that yearning for solitude might observe the cellar as their flat. Placing a toilet in the basement may also enable for advantage if the cellar is become a coveted individual cave. A purchaser will see this distance for a bonus compared to other pristine rugs in houses they’ve been shown.

Taking the opportunity to make a list of developments which you wish to create within the upcoming few years is vital. The list may offer motivation to conserve cash for another job which will alter the power of a space or the whole house.

If your interested in selling or buying please give our office a call. We are here for all your Real Estate Needs!

Preferred Properties of Texas

(254) 965-7775|Contact Preferred Properties of Texas