|
|||
|
|
|||
Tips for Selling Lexington Park Homes and CondosLexington Park has special regulationsEvery area has its own building regulations. You need to know how these restrictions will affect the design of your Lexington Park home. Issues to consider include zoning, setbacks, rights of way and easements. Most subdivisions have CC&Rs (Covenants, Codes and Restrictions). Studies of Lexington Park demonstrate that these carefully to make sure they are not too restrictive for your needs or create excessive building costs. Lexington Park Home ImprovementDon't change the general architecture of the home, and make sure that renovations match. For example, a modern steel door doesn't belong on a ranch house built in the 1970s. Be aware of the features in Lexington Park. Do it Yourself? Be extremely confident you're capable of taking on a project before trying to do it yourself. When it comes time to sell your Lexington Park home, believe me buyers can and do spot all the signs of amateur work and they discount their offer accordingly. Lexington Park Real Estate CyclesWhat makes most sense is the "buy and hold" strategy. Buy a home you expect to remain in for at least seven years or more. Lexington Park is no different than most, although the Lexington Park market does have it's own special circumstances. Want to get a clear and up-to-date picture of the Lexington Park real estate market? Call me at any time. I am happy to share my knowledge of the real estate market with homeowners and prospective homeowners who want to take advantage of market trends to buy and/or sell wisely. 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. Does Your Lexington Park Have Curb Appeal?From cottages to castles some Lexington Park have so much curb appeal that passersby can’t help but stop and admire them. When visiting property with great curb appeal, prospective buyers often experience 'Love at First Sight' and this disposes them to love the entire home before they even walk through the front door. Lexington Park curb appeal is the result of a perfect blend of architectural style, landscaping, up-keep and color choices. Money alone does not guarantee outstanding curb appeal. I’ve seen very expensive Area homes with costly landscaping that fail to appeal and I’ve seen very modest priced Area homes with outstanding curb appeal. In part, the landscaping aspect of curb appeal is a matter of personal taste. The Benefits of Selling Lexington ParkAs you know, you are allowed to sell your Lexington Park principal residence once every two years and exclude up to $250,000 ($500,000 for a married couple) of the gain of the sale on your Federal income tax. Please note: This is not a once in a lifetime tax savings and you don’t have to be any certain age or buy a more expensive property. If you meet the two-year residence test you can sell your principal residence every two years if you are so inclined and the market cooperates. But this tax saving does not affect rental property unless you convert the rental to your personal residence, live in it for two years and then sell it. |
|||
|
