Computers have made our lives wonderful; they have made our lives more simpler. But have you wondered whether the set of steps followed can be a substitute to the astute thinking of the human mind? Well, now the topic of discussion given by DC Fawcett VREIC is none other than real estate valuation.
You may be planning to sell off your home and would have certainly done some meticulous research. You may even used an online tool to give you the quick estimate. Well now the question of the day is whether these sites are really accurate in giving you the exact worth of your home? One of the drawbacks of using these sites is that they overprice the property. Or for that matter these sites will even undervalue the property.
Real estate valuation sites have some smart set of steps to estimate the worth of your property. But that doesn’t mean that it is always correct. In fact home values are impacted by several aspects and the things like public records can’t take note of everything. Can the latest home sales be the total determining factor for finding your home’s worth? Certain things like the home’s features, the likings of the potential buyers etc, can be taken into account only by a human brain. and also know about Deposit on Home Purchase.
Now let’s pose this question. Is there any latest sale of comparable homes in the vicinity? If not, the chance of online estimate accuracy is quite restricted. It may be the case that the home has a distinct facet that the other properties in the area don’t possess. Also, the local market may also have seen a drastic change. These are just some of the factors that imply that the online estimate need not be accurate.
A qualified appraiser can guide you in knowing the true worth of your home. Or for that matter even a licensed real estate agent will help you in this case.
The online algorithms have chances of showing errors on the properties that had seen a total rehab. So these online estimates can be just useful when you just want a fast detail about the home.
By now you would be wondering why should you overly depend on these online sites. These online sites may not take into account various aspects that will have a profound impact on the value of your property. Now let’s look at some of these aspects.
The condition of your property is one important aspect of your home. In fact the condition of your property also plays a major role in determining the value of it.
Generally, a real estate agent will allot enough time to compare your property with those of the similar size and also life in the vicinity. This he does say for the last few years.
There are certain aspects of your house that your realtor will consider which the online estimate will not. You may have upgraded your facilities and these will be regarded only by the realtor.
The ongoing developments in your area will be known essentially by your realtor and an online estimate will not know this.
DC Fawcett is the creator of Virtual Real Estate Investing Club. Here you can explore what is viable in today’s real estate market. He is adept at wholesaling, cash flow investing and rehabbing in virtual markets where he does not reside.
There have been many shifts in real estate for the year 2017. Increase in home prices, a lack in the labor force, home stress creeping into the minds of many middle class people and so on are some of the trends seen in real estate for 2017. Now, there are some trends specifically relevant to the luxury real estate sphere. In this article, Dc Fawcett reviews emerging trends in luxury real estate for 2017.
The United States Federal reserve has raised the interest rates since they have predicted betterment in the economy of the United States. This will surely impact the luxury real estate market with heavier monthly mortgage payments. Payments for luxury real estate properties are already heavy and this will further add to their massiveness.
Luxury home buyers want perfect homes
Non-luxury home buyers just want the major fixes to be done. For instance: they will want a non-leaky tap, well kept windows and a non cluttered front yard. Luxury home buyers have more expectations with respect to the “perfect home” standard. There are many advantages in hiring a custom home builder.For instance: luxury home buyers may want a specific design for their potential homes. They may want the hall and the dining to be in the ground floor and rooms to be in the first floor. Thus, basically, luxury real estate home buyers will want every aspect of the prospective home to be perfect. There will a rise in this trend for 2017 and beyond.
Color trends for 2017 include
Green: Green is an attractive color and it can be added to the interiors of a luxury home. It will become the color trend for luxury home interiors in 2017
Earth colors: earthy colors can be added to walls and will contrast well with the green interiors.
Lapis blue: Lapis blue will feature majorly in furniture cushions and club chairs
- Other colors are some super concentrated shades like flame oranges. These colors can be added to the ceilings and are highly noticeable.
Colors for luxury homes should be extremely pleasing yet alluring. This color trend will reflect in 2017.
Exclusive rooms for dogs
This trend has been seen surfacing in luxury homes and will continue for 2017 and later on. Pets need separate rooms. They can be bathed and cleaned there. When there are guests, pets can be kept in these parlors to avoid the disturbance generated from their anxious barks. Heating facilities, showers, dog beds and other crucial amenities for pets are sure to be included in these rooms.
More luxury homes to be purchased
More luxury homes are being purchased in the early part of this year since mortgage rates are expected to increase as 2017 progresses.Beach houses or water front property is becoming famous.
Construction costs increase and home prices too
Builders are required to pay more to laborers due to a scarcity and thus the luxury home prices increase.
These are some of the emerging trends in luxury real estate for 2017 and beyond as reviewed by Dc Fawcett. Real estate professionals must upgrade their knowledge about luxury real estate and face what is in store for them with ease.
What is curb appeal? Well it means the external appeal of your home. This is very important to attract buyers. In this article, Dc Fawcett gives tips for improving the curb appeal of your home. But before you read this, read part 1 written by him which contains an introduction to curb appeal as well as some more tips on increasing the external appeal.
Add a new letter box
This will increase the curb appeal. Add a colored and freshly painted one. It does attract prospective buyers.
Add lights to the door and make the lighting symmetrical. Symmetrical lighting illuminates the exterior and goes well with the door hardware. The door can be supported by 2 bejeweled candle holders. Buyers will be put off by dark exteriors. Lights create a myriad of colors in their hearts and make them dance. You should add lights to the garden and walkways. Add low voltage lights and add fixtures. Fixtures can add area specific lighting. If you cannot use wired lights, use solar lights but it may not be so intensely bright.
Keep windows clean and let the sunshine
This is a very simple and inexpensive tip. Clean the windows. Wipe the glasses with a wet cloth. Take a small cloth and then clean the edges. But this will be cumbersome. You have machines to take the dust out of edges. Research the net on how to clean windows. There will be some tips. Also keep these spotless windows open and let the sunlight in. This will ensure that the home is bright when the potential buyer enters. Dingy, dull and badly illuminated homes are put offs to the prospective buyers who will think that there is no proper facility for sunlight to peep into the house.
Chuck out rot and trim overgrown bushes
Trim overgrown bushes and spruce up the front yard by throwing away trash, mowing, reseeding the lawn and so on. Also chuck out rotten wooden materials and furniture. You can remove the rot by using specific tools and materials. Chuck out old fixtures and other materials as well.
These add to the beauty and dignity of the home. They are also a caution feature as they protect people from slipping out of the portico. They are expensive but it is a well grounded safety feature and enhances the look of the home.
Gutter pipelines are not just important for the drainage and waste water to go out but it also adds to the appearance of the home. Shiny copper gutters can be added and contact local bodies to check out which types are best suited for the climatic conditions in your city.
Put neat and new furniture in the porch
The new furniture will add pleasant freshness to the exterior of the home. Sometimes you can put ornamented and expensive furniture if you can afford it.
Read these Dc Fawcett tips to improve the curb appeal of your home. It is very important to enhance the curb appeal to attract potential buyers.