Francine Jeffers C.B.R., S.R.E.S.,A.S.P.'s Blog
When it comes to the time for a tax refund, you may have a lot of big plans for the extra money that you’ll receive back from Uncle Sam. Your mind may swirl with possibilities as to what you might do with the money. One of the best uses for the money is to reinvest it in your home. It can only increase the value of your property, giving you more equity to play with whether you plan to refinance or sell in the future. The money you get back may be enough to do things like buy new appliances or put in a new floor. Below, you’ll find some of the best ideas for how to spend your tax refund money on home improvements.
Adding some new paint to your home can do wonders for both the interior or the exterior. See what needs to be done the most and do some cost estimates. You may even be able to hire a professional painter who can get a painting job done fairly quickly without making the huge mess that you might if left to painting on your own.
Add Some Rugs
Adding just a few rugs to the hardwood surfaces around your home may make your home a lot cozier. For one, the surfaces that you walk on with bare feet will be much softer and warmer to the touch. Rugs also add a certain style element to a room that not many other accents can. Be sure that the rug you choose blends well with the color scheme that you desire for your rooms.
Work On The Outdoors
With your tax refund money, you’ll be able to make some significant improvements to the outdoor spaces of your home. It can never hurt to add a bit of curb appeal to your property by adding bushes, new grass, outdoor lighting, and the like. Even painting your front door can be a simple task that makes a huge difference to the outside of your home.
Upgrade Your Appliances
Upgrading your appliances can be one of the biggest things that you do to add value to your home. You can start small with items like your range and dishwasher. If you have a bit more money to play with, you may end up servicing and replacing larger items like your hot water heater, HVAC systems, or even adding solar panels. The money that you’ll save on energy efficiency will pay for the appliances over time. Also, if you’re getting ready to sell your home, these upgrades will make a huge difference in the return value that you can get for your home.
There are a lot of responsibilities, commitments, and labor involved with being a landlord; are you ready for the obligation? A better idea is to hire a property manager to oversee and maintain your investment property for you, providing you with more freedom and time for things that matter. Plus, this demonstrates an attentiveness to your tenants, which can be appealing to prospective renters. Don’t try to do it all. Here’s why you should hire a property manager for your rental properties:
Maintenance and Repairs
Naturally, you will need to be available as needed for repairs or issues related to the condition of the rental units; this could be infrequent or an ongoing task. If you own other properties, you know that maintaining the investment can be time-consuming and costly work; constant repairs could take up a lot more time and energy than you want to commit. Hire a property manager who makes routine checks on the property, identifying potential issues before they become expensive problems. An on-site manager helps to stay on top of things when it comes to maintaining a property for tenants.
Issues with Tenants
Speaking of tenants, another way that a property manager makes your life easier is by dealing with tenants regularly. Tenants may seek you out for issues with appliances, problems paying rent, or complaints about other residents; a property manager is the mediator and buffer that keeps things running smoothly and that maintains a sense of peace at your property. The manager will report to you, as needed, but you need not engage and intervene in tenant issues when you have a competent and responsible manager on-site. The right candidate is well-worth the investment when it comes to managing your investment property. Site managers may also be the ones called upon during disputes, mediations, or any legal conflict that may impact your site, such as an eviction or similar action.
Keep Units Leased Out
All of this is moot if you are unable to fill and occupy your rental unit or property; attracting reliable tenants is another area that a property manager can assist with. A property manager may provide insight into marketing available rentals, as well as interview prospective applicants and potential tenants. These professionals can help to find the best tenants for your rental so that you are not losing money every month with an empty building or space. An on-site property manager may also seem appealing to tenants moving in as it demonstrates thought ad attention to those that are living there and paying rental fees. Investing in a property manager shows that you care about your property.
As you can see, it just makes good sense to hire property manager for your real estate investments. In addition to dealing with tenants, maintenance, and occupancy, being hands-on requires around-the-clock commitment. Hire a competent and reliable property manager to oversee and maintain your investment for you. On-site management may also serve as an attractive feature for many prospective tenants, too, so consider hiring a property manager that can live on the premises.
36 Central Ave, Milton, MA 02186
25 Dyer Ave, Milton, MA 02186
Filling out a mortgage application may prove to be a long, exhausting process. Fortunately, we're here to help you streamline the mortgage application process so you can move one step closer to acquiring your dream house.
Now, let's take a look at three tips to help you approach the mortgage application process with confidence.
1. Be Thorough
A mortgage application likely requests a lot of information about you, your finances and your employment history. However, it is important to answer each mortgage application question to the best of your ability. Because if you fail to do so, you risk delays in getting approved for a mortgage. Or, perhaps even worse, a lender may decline your mortgage application.
In addition, be honest in all of your mortgage application responses. This will ensure that if your mortgage application is approved, you will receive a mortgage that corresponds to your finances.
2. Ask Questions
There is no need to leave anything to chance as you complete a mortgage application. Thus, if you're uncertain about how to respond to various mortgage application questions, reach out to a lender for assistance.
Remember, there is no such thing as a "bad" question, especially when it comes to filling out a mortgage application. Lenders employ friendly, knowledgeable mortgage specialists who are happy to assist you in any way possible. Work with these mortgage specialists, and you can get the help you need to finalize your mortgage application.
3. Get Multiple Quotes
It may seem like a good idea to complete a single mortgage application to request home financing from a single lender. Yet doing so may be problematic, particularly for those who prioritize affordability.
Ultimately, meeting with multiple lenders and getting several mortgage quotes is ideal. If you shop around for a mortgage, you may be eligible for a low interest rate that helps you save money when you complete a home purchase.
Once you finish a mortgage application, it may be only a matter of time before you find out if you have received approval. Then, if you receive a "Yes" from a lender, you can accelerate the homebuying journey.
Of course, for those who plan to buy a home soon, it may be beneficial to employ a real estate agent. This housing market professional can put you in touch with the top lenders in your area, as well as help you complete a home search in no time at all.
A real estate agent typically learns about a homebuyer's goals and crafts a strategy to help this buyer accomplish his or her aspirations. Furthermore, a real estate agent provides recommendations and tips to help a homebuyer make informed decisions throughout the property buying journey. And if a homebuyer ever has concerns or questions, a real estate agent is available to respond to them.
Ready to complete a mortgage application? Use the aforementioned tips, and you can finalize a mortgage application, obtain home financing and make your homeownership dream come true.