Beneficial Effects of Staging Your Home for Sale
Staging is a professional service provided by companies to increase the glamour and appeal of a property. If you are trying to sell your home, you can clean and de clutter as much as you can, but you still need something special to face the competition posed by other sellers. This extra effort is made by the staging company that can transform the looks of interiors through their art of rearrangement and organization.
*Photos of staged homes look more beautiful
If you indulge in staging of your home before selling, you will find that the photos taken by the photographer look more appealing and charming. These photos can lure more potential buyers to your listing, thereby increasing the chances of selling your home successfully.
*Your home appears warm and inviting to visitors
You feel more confident during showings. Your home can create a desired impression on your visitors with its ambience and décor. Most of the visitors who come to visit your home are likely to make an offer for your home.
*Staging enhances the location of your home
Staging helps in making your home stand out from the rest of homes in your neighborhood. If you are slightly worried about the location of your home in the neighborhood, staging will make your home appear like a landmark in your location.
*Your listing stands out from others
A home could sell on the basis of the pictures listed in the MLS. As most buyers start their house hunt online, they are likely to pause and take a close look at your listing if you have used staging to enhance its looks and feel. In fact, you can hope to get a picture-perfect home with the help of your staging company.
*Staging makes your home look bigger and better organized
It is a fact that staging is an art, a skill that transforms the looks of a home from inside and outside. By rearranging and sometimes placing hired furniture items inside the home, a staging company turns your home into a beautiful and inviting home for all your visitors. They create a flow that looks functional and appealing. Also, they can maximize the living space inside the home, a fact that is noted and appreciated by your visitors.
Through staging, you can increase the glamour quotient of your home and make sure that it sells quickly at a high desired price.
Real estate is considered to be the safest industry to invest in. The overall investing scenario has changed for every field but real estate has managed to stand the test of time. Despite getting hit in 2008, the industry is now back on its feet and offering a plethora of opportunities to homeowners and investors alike.
Since there’s money and long-term commitment involved in a real estate purchase, many new homebuyers shy away from making the decision of purchasing a home. They end up dragging things and when they are ready, the market becomes too expensive to afford.
3 Reasons Why Owning Real Estate is Rewarding:
Many real estate gurus out there tell people that buying a home is a good investment. This statement is totally relative and you can turn your first purchase into a great investment if you know what you are doing.
Here are 3 reasons that justify that homeownership is the way to go.
1. Tax Benefits
Homeownership comes with several tax benefits. Here are some to begin with.
Mortgage Interest – As a homeowner, you get to enjoy deductions on interest payments of up to $750,000 in mortgage debt if you are filing as an individual. This cap is increased if you and your spouse file jointly. These deductions are applied if you have ownership of any kind of living space.
Property Tax – Under the Tax Cuts and Jobs Act, you can receive deductions on property taxes that are associated with the purchase of a property.
Mortgage Interest Credit – Homeowners can use the mortgage interest for deductions. If you qualify low income, you get to convert the mortgage interest as credit and received major deductions on the tax.
There are other tax benefits associated with being a homeowner. They include benefits applied on Home Equity Loans and points you paid to lower the interest at the time of closing.
2. Gaining Equity
As you move forward with mortgage payments, you build equity in the property. Part of the mortgage payment goes to interest while the other part goes to lower down the principal balance. This is the reason why homeownership is a sound investment.
As you lower down the principal, you get to build equity which is the percentage of the home your already own. The payoff reaps results in the long-term when you move to another home or reinvest in the existing one. It’s more like continuously depositing money in the bank and withdrawing it whenever needed.
New homeowners select a fixed mortgage which enables them to pay a fixed amount for the entire term. If we compare the fixed amount to paying rent, we can clearly see the difference. Rent keeps fluctuating and only knows the upslope, whereas the mortgage is fixed as it is not subjected to fluctuations.
At the same time, owning a home instills peace of mind and puts you in the drivers seat. You get to control your property and even rent out a portion with the help of modern rental platforms like Airbnb to generate passive income. This strategy can be applied if you live around areas with a lot of visitors.
The Power of Leverage in Real Estate Ownership
Lastly, you need to remember that purchasing real estate offers great leverage. Leverage is the extra benefit you get while choosing to invest in real estate. This means that you don’t have to pay the entire value of the house. Investing in real estate gives extra benefits to the investor. In comparison, all the other investment means fall short.
Kevin Hancock ~ Hancock Realty SD @ Realty ONE Group San Diego
Things are upgrading because the reigns of the real estate market are now being passed to the millennial home buyers. The previous generations had to face harsh times during the 2008 market collapse, but things have achieved stability—thanks to the right measures by authorities.
The present millennial home buyer in the United States is not new to harsh times either. They have been fighting their own war with huge student debt and underpaying jobs. Despite all these hardships, generation Y is said to possess an unparalleled optimistic approach and a desire for driving change.
Where Do Millennials Prefer to Live?
This generation is termed as the most tech-savvy one to have ever existed. At the same time, they look for diversity and ease of mobility. Adding to the environment by using eco-friendly means is also something this generation cares about.
When it comes to deciding on the place to live, millennials prefer neighborhoods with walkable distance to mass transit means. The millennial home buyers want an added urban appeal to the community. The reason many are choosing to head to suburban areas is their loathing of traffic and congestion.
What Do They Look For in a Home?
The millennial home buyer likes things customized. They don’t go for generic trends and like to add their own touch to things. Since they have seen tough financial situations, most of them are frugal and like to keep things limited to a fixed budget.
The right use of space is also something they prefer. They’d rather have an open kitchen and a home theatre than a separate dining and living room. At the same time, Gen Yers love to add technology to their house. Their demand for convenience has changed the way real estate industry operated in the time of their parents. They will use their phone to stay in touch with what’s happening in their house and try to be as energy efficient as possible.
The Overall Impact
The last year saw millennial homeownership hit a 3-year high of 36%. This depicts that the millennials now hold a solid share in the market which is going to increase in the coming years. This generation has changed the way realtors, inventors, and constructors used to operate. They have everything available at a tap of their finger making deception difficult. Moreover, Gen Y has been great with building trust with real estate agents and has been using their help to purchase a property.
Lastly, most of the millennial home buyers consider their first home to be a stepping stone which means that they will end up moving to new locations and increasing their overall contribution to the real estate industry.