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Lexington Park Homes Values / A Guide for Buyers and SellersLexington Park HOME BUYING PITFALLS TO AVOIDBuying your Lexington Park home whether you are a first time buyer or an ‘Old Pro’ involves legal, financial and emotional considerations. The more you know about the most common buyer mistakes, the more likely you are to avoid them. Make sure that when you put in an offer on any Lexington Park home that you have spent time narrowing down just what you are looking for. When the sellers accept your offer, you are involved in a binding contract that could cost you your deposit and other damages should you decide to back out. The opposite scenario, waiting for the 100 % perfect home can be an exercise in futility. With the thousands of variables available in housing, including location, style, size, amenities and condition, perfection is almost always an unreasonable goal. Lexington Park: Art and ScienceBuying a piece of Lexington Park real estate is a science but buying your Lexington Park home is an art. The science part involves getting the legal and financial parts down while the art is finding the Lexington Park property that you’ll be happy with. The total universe of possibilities within the universe of Lexington Park real estate is quite diverse but narrowing your search ahead of time will help keep things in perspective. In general there are two phases to any Lexington Park real estate search. In the first phase, you get a feel for the different areas and an idea of what is being offered at what price. In the second phase, you search for the Lexington Park real estate that meets all or most of your specifications. Bitten by the Lexington Park Home Improvement Bug?Before you finalize your decision regarding remodeling versus moving, it is wise to get a professional estimate of your Lexington Park home’s current value, the actual costs of moving to a different home and the estimated return on investment of the most common types of home improvement. I’ll be happy to provide you with a complimentary analysis of your home’s current value. Simply call or E-mail me whenever you are ready. As for improvements that traditionally bring the highest rate of return on investment, here are some statistics. Kitchen remodeling and adding a bath tends to bring rates of return with averaging anywhere from 85% to 95% return on your dollars spent. Compare that with the 64% return on investment for adding a home office. Buying a Lexington Park Fixer-UpperSome Lexington Park investors concentrate on buying fixer-uppers, making repairs and upgrades then selling for a profit. Going with a Lexington Park fixer-upper can also be a smart way for those who are handy to buy a home in a neighborhood that they might otherwise be unaffordable. Fixer-uppers are a wonderful opportunity for those who simply love to create their space to their own specifications but for whatever reason do not want to start with a vacant lot. Best to know the extent of the job and whether or not you are up to it before you buy. Some Lexington Park fixer-uppers simply need cosmetic work such as paint, wallpaper, carpeting and maybe kitchen appliances are fairly easy to estimate the costs for fixing. Lexington Park homes that need minor structural repairs such as roofing are also fairly easy to cost estimate. Buying Lexington Park Below MarketIsn’t that everyone’s dream? I hear it from prospective buyers almost every day and many of them want to find the perfect Lexington Park home priced considerably under market. Is it possible? The answer may surprise you but often it is possible. You just need a sophisticated buying strategy. Now the idea that you can simply decide one day to go house hunting and find just the Lexington Park real estate you want priced way under market is pushing your luck. But if you take advantage of some of today’s Internet technology, do your homework and bide your time, you might find just what you are looking for. First let’s look at the technology. Green Remodeling Your Lexington ParkEnergy conservation. The average Lexington Park today uses systems for heating, ventilation and air conditioning, and most homes are not built as efficiently as they could be, resulting in high energy consumption. The U.S. Department of Energy believes if current buildings were green-improved, they would use $20 billion less in energy per year. Lexington Park green remodeling puts a strong emphasis on making homes as efficient as possible with modifications such as energy-efficient appliances and thermostats that can be programmed at different temperatures for different times of the day. |
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