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News About Lexington Park Homes and CondosLexington Park Home ImprovementIn a recent study, a midrange bathroom renovation paid off with an average 102% return on investment and an upscale bathroom renovation recouped 93% of its cost. A midrange kitchen renovation recouped 91% of its cost on average, and an upscale kitchen recouped 85%. A minor kitchen-remodeling job returned 99% of its cost. There are numbers that apply to Lexington Park. Proper maintenance and annual upkeep of your Lexington Park home may be the most important improvements of all. Clean the gutters to protect the exterior from water damage. Trim shrubs. Check for termites. Keep track of annual checkups -- and use that as a selling point. Annual maintenance pays back handsomely when you sell. And before the house goes up for sale, experts recommend a fresh coat of paint. Lexington Park Home InspectionThe purpose of a thorough home inspection is to ensure that Lexington Park home buyers know exactly what a home’s condition is prior to completing the transaction. A good Lexington Park home inspection should include an evaluation of the foundation, framing, roofing, site drainage, attic, plumbing, heating, electrical system, fireplaces, chimneys, pavement, fences, stairs, decks, patios, doors, windows, walls, ceilings, floors and built-in appliances. All significant or pertinent findings should be reported in writing to the prospective Lexington Park homebuyer. The home inspection report gives the Lexington Park homebuyer the information he or she needs to determine whether to buy the property as is or to ask the seller to make repairs. In most cases, when an Lexington Park homebuyer makes repair requests, sellers usually agree to some if not all of the conditions. Lexington Park Real Estate Contract OptionsLess common types of agreements include what is known as a “One Time Show,” and “Exclusive Agency,” and an “Open Listing” agreement. The One -Time Show and the Open Listing are similar and are often used by homeowners who wish to sell their Lexington Park real estate on their own but will agree to pay a commission to an agent who brings a qualified buyer for the home. A Lexington Park homeowner may agree to an Open Listing with several agents and also agree to a One-Time Show to any agent who has an interested buyer. Lexington Park Homebuyers QuandryFirst time Lexington Park homebuyers have their issues to deal with and homeowners who want to move up, down or sideways have an entirely different set of problems. A homeowner’s first task is to counteract human nature. Humans must be genetically programmed to find their next home and then scramble to sell the one they have so they can afford the one they want. The Lexington Park market is no exception. Of course, this is contrary to good sense but since most people will go ahead with the Buy then Sell approach. Bitten by the Lexington Park Home Improvement Bug?Maybe, like millions of Americans, you can’t help it! You live in your Lexington Park home for several years and before you know it, you find yourself thinking about how the kitchen would look with new cabinets and a granite countertop. Should you start with the kitchen or would it be better to add a home office to give the family a little more room? There seems to be endless options for the creative Lexington Park homeowner bitten by the Home Improvement Bug. Once you get started thinking along these lines, it usually doesn’t take long before the ultimate question pops up. Is it better to improve your current home or simply sell and buy a bigger, newer or more desirable Area home? Here are some issues to help you make that all-important decision. Buying Lexington Park Real Estate...Will it Pay?A frequent question from prospective homebuyers relates to building home equity. Lexington Park buyers like to estimate how much a home may increase in value based upon past appreciation. One of the many advantages of home ownership is that appreciation is based on the home’s market value rather than on the actual dollar amount invested or the down payment so that a $100,000.00 home that appreciates 5% is now worth $105,000.00. This is one way of building your Lexington Park home equity but there is more you can do. |
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