Jill Finkelstein - Compass



Posted by Jill Finkelstein on 8/16/2020

Whether you plan on selling your house in the next few years, or if you just want to make some much needed updates to your home, renovations can be a great way to increase the value of your property.

However, not all updates will pay for themselves. Some upgrades that we want for personal reasons, such as building an addition for more space, could come back to haunt you if it isnít to the taste of potential homebuyers in the future.

So, in this article, weíre going to talk about five simple updates to your home that have the best chance of increasing its selling price. That way, when you do finally decide to move on from your home, you can sell for the price you know your home is worth.

Improve your lighting

You donít have to be a carpenter to increase the value of your home. When a potential buyer enters your home for the first time, two of the first things theyíll notice are the lighting and the spaciousness of the room.

Since lighting is an essential part of creating spaciousness, increasing the former will also increase the latter.

So, what are some ways you can increase lighting?

  • Add recessed lights to the ceilings of your home. It will open up space in the ceiling and allow for a greater number of lights overall.

  • Add lighting under the cabinets in your kitchen

  • Use large mirrors for decoration to increase lighting and create the illusion of spaciousness in smaller rooms

Painting for the modern homeowner

Home decor trends come and go. Not long ago, wallpaper was the go-to choice. However, the surest way to increase the value of your home is to use bright and neutral colors since, statistically, these appeal to the largest number of people.

Fresh paint and good lighting work together to make your home seem more polished and modern. And, for just a few hundred dollars, you can paint your whole home.

Remember, however, that it is easy to scuff up the walls in your home. So, itís a good idea to paint closer to the date you think youíll be trying to sell.

Low maintenance landscaping

While there are people who enjoy mowing the lawn on Saturday morning, those people tend to be few and far between. One thing potential buyers will consider when viewing your home is how difficult it will be to take care of the yard.

Adding an irrigation system, removing unnecessary obstacles, and planting hardy bushes and plants will woo potential buyers.

Upgrade the most outdated room in your home

If your home is in need of serious upgrades, itís best to start with the room that needs it the most, especially if that room is a bathroom or kitchen. Replacing an old vanity or putting new tile down can be simple ways to spruce up a bathroom thatís looking dated.

Fix the little things

If you have a couple of years before you plan to sell, that gives you time to fix the small issues that youíve noticed and will continue to notice. Maintaining your home now will give you less to worry about when the time comes to sell, and you donít want to be dealing with leaking faucets when that day arrives.





Posted by Jill Finkelstein on 8/9/2020

Let's face it Ė the thought of entering the home selling market can be stressful, even if you don't plan to put your house on the market for several weeks or months. However, there are many simple ways to ensure you can enjoy a fun, exciting and successful home selling journey.

Now, let's take a look at three tips that you can use to kick off an unforgettable home selling journey.

1. Examine Your Home's Interior and Exterior

How will a potential homebuyer view your residence when he or she sees it for the first time? This is a question that you'll want to consider closely, as a homebuyer's first impression of your residence may dictate whether he or she moves forward with an offer.

Take a close look at your house's interior and exterior from a homebuyer's perspective. If home improvements are necessary, now may be the ideal time to complete these tasks. That way, you can enhance your house's interior and exterior before you add your residence to the real estate market.

Also, a home appraisal may help you identify problem areas with your residence. This appraisal enables a property inspector to examine your residence from top to bottom and can help you better understand your house's strengths and weaknesses.

2. Declutter Your Residence

Unfortunately, clutter can accumulate in a home over an extended period of time. But if you start decluttering your home today, you may be able to avoid the stress of cleaning out your residence as you get closer to adding your home to the housing market.

To declutter effectively, consider items that you need to keep and store them safely. Then, take the items that you no longer require and consider all of your options to get rid of them quickly and safely.

In many instances, you can sell excess items or donate them to charity. Or, you can always offer these items to family members and friends as well.

3. Meet with a Real Estate Agent

What does it take to get your house ready for the real estate market? Meet with a real estate agent, and you can learn everything you'll need to know about selling a house.

A real estate agent understands the ins and outs of the real estate market. As such, he or she can answer any questions that you may have about the home selling journey and help you plan accordingly.

In addition, after you list your residence, your real estate agent will streamline the home selling cycle. This housing market professional will set up home showings and open houses, promote your residence to large groups of potential buyers and much more. By doing so, your real estate agent will do everything possible to help you maximize the value of your residence.

When it comes to getting ready to sell your home, there is no need to worry. Instead, use the aforementioned tips, and you'll be able to enjoy a memorable home selling journey.




Categories: Uncategorized  


Posted by Jill Finkelstein on 8/2/2020


 Photo by Solomon Rodgers via Pixabay

When you've been in the same home for a while, it is common to get an itch to switch things up a little bit. For many homeowners, this means renovating the kitchen. Renovation is a great way to not only add a little bit of style but also increase the value of the home at the same time. There are a few great ideas to think about when it comes to kitchen renovations.

Add a Backsplash

One of the most popular kitchen renovations is to install a backsplash. This is a great way to upgrade and personalize the food prep area. Furthermore, a backsplash is easy to clean, functional and durable. There are plenty of ideas that people can use to make their kitchen backsplash unique. Consider neutral stone tile with colored or patterned pieces randomly interspersed, a pressed metal design or colorful glass tiles.

Open Up The Area

Consider opening up additional space in and around your kitchen. This can be accomplished with the removal of upper cabinets, introducing a window or skylight or, for a larger-scale project, removing walls to connect with other rooms. If you can't change the floorplan of your room, swapping in glass-front cabinets or open shelving for your upper cabinets can create more visual space.

Add Flair to the Counters

Counters are a common target for kitchen renovations. Styles change and, over the years, you may find the need for additional space. One solution is to add a kitchen island. This adds both storage space and workspace for your kitchen. Don't be afraid to go with unique countertop materials like concrete or wood.

Upgrade the Appliances

Finally, consider upgrading appliances to incorporate new technology and conveniences. Newer appliances not only come with new features like convertible compartments and touch screens but are also more energy-efficient than older models. This means you might also be able to save additional money over time with this investment.





Posted by Jill Finkelstein on 7/26/2020

Photo by Oleg Magni from Pexels

The VA home loan program allows qualified veterans and active-duty members of the military to get an affordable home loan with a minimal down payment. If you're planning to use this loan program, you can take specific measures to improve your chances of approval. These tips will take you from house hunting to homeownership quickly with an affordable VA home loan.

1. Get Your Certificate of Eligibility

The Certificate of Eligibility (COE) shows your lender that you are approved for the program. If you get this document before you apply for the loan, you'll know whether or not you qualify. You can request the COE from the VA through the eBenefits portal or in person at the VA Regional Loan Center.

2. Check Your Credit

One of the benefits of the VA home loan program is the fact that it has less stringent credit requirements than other loan types, but that doesn't mean your credit has no role to play. Your credit rating directly impacts the interest rate on your VA loan, and if your credit is too low, you may not get approved. Check your credit, and if needed, make changes to raise your score.

3. Establish Reliable Income

Even with the VA home loan program behind you, a lender is not going to loan you money if you don't have a reliable, stable income. Most lenders want to see that you have held a job with enough income to cover your payments for at least two years. If you have recently changed jobs, ask your lender what you need to show to prove your reliability as an employee.

4. Choose the Right Agent

Not all agents are well-versed in the VA home loan program. There are some quirks to VA loan approval that can put roadblocks in place as you look for a home. For instance, the VA has specific property requirements that the home must meet for the loan to be approved, and the appraisal process is a bit more stringent than traditional loans. Working with an agent that is VA-savvy will help speed up the process and make loan approval on the house you love easier to get.

5. Choose the Right Lender

A VA home loan doesn't come from the VA, but rather from a lender that partners with the VA. You can take some time to shop for the most affordable option, as long as you shop with lenders who participate in the VA home loan program. Remember, closing costs and fees may vary from one lender to the next, so find the one that offers the best terms for your situation.

The VA home loan benefit never expires, and you can use it again and again. As long as the mortgage money goes toward a home you're going to live in, not an investment property, you can buy a home with zero down and a fair interest rate using this benefit. With these tips, you can get the best possible loan funded quickly.





Posted by Jill Finkelstein on 7/20/2020

Photo by bongkarn thanyakij from Pexels

Shopping for a new home should be an exciting experience, but if you are unsure of where you stand with your credit, it can be a little nerve-wracking. Having good credit will not only help you to secure more favorable interest rates for your mortgage, but it can also help you to avoid less favorable loan structures, higher down payments, and additional costs such as PMI. The best way to prepare yourself for your financing is to whip your credit into shape before your hunt begins. Check out three ways to help prep your credit.

Check for Any Collections

Collections are delinquent accounts that can seriously affect your credit score. Review your credit report and address any collections that are listed. If there are ones on there in error, file a dispute with the credit bureaus. If you owe the debt and can pay it, contact the collection company and ask if you can satisfy the debt by paying it and have it removed from the report. Finally, if you can not afford to pay the whole debt, discuss with the creditor possible settlement options.

Don't Request Any New Credit

When you open a new credit card or credit account, it can affect your credit in multiple ways. First, it will count as a hard inquiry, which can slightly lower your score, and secondly, it may change the average of your credit history. Mortgage companies don't like to see a lot of credit being acquired right before a mortgage is being established, so if it can wait, let it wait until the mortgage is secured. 

Pay Down Your Credit Card Balances

If you have the means to reduce the balance of your credit cards, now is the ideal time. Your credit score is affected by your credit card balances in two primary ways. The first being the amount of debt that is listed on all of your credit cards. The second is the ratio of the amount owed on your card in relation to the credit limit on the card. A good ratio is less than 30%, so to keep your credit score high, you will want to be below this percentage. Paying a large chunk of your debt can increase your score by several points, and also improve your debt to income ratio. Just be sure to do this at least thirty days out so that the new balance is reflected when your score is pulled.

Don't let poor credit lower your chances of buying the home that you always wanted. Follow the tips above to pump up your credit before applying for your next mortgage. Even a few points can mean significant savings. 




Tags: Mortgage   Loan   debt  
Categories: Uncategorized  




Jill Finkelstein