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Selling your home? Make sure you’re aware of hidden costs

Housing Wire

Not only does the house need to be clean, but the furniture should match the decor and be arranged in an appealing way. Home improvements and renovations are also important to buyers. A seller concession could include putting money towards the inspection costs, appraisal fees, taxes or another expense. Staging Costs.

Sellers 546
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Unexpected Repairs in a Flip Home

Hank Miller Team

The residents of this town home ignored routine maintenance for years, it needed extensive renovation. Several neighbors mentioned the residents were hoarders and the prospect of the home being completely renovated was welcomed news. The preliminary inspection resulted in a significant “to do” list.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

Closing costs are used to pay for items such as appraisals, inspections, and much more. Some costs—such as the down payment, closing costs, home inspection and appraisal—are just the price of admission to homeownership. How important is the freedom to renovate? Hammond , a Chase private-client home lending adviser.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

Closing costs are used to pay for items such as appraisals, inspections, and much more. Some costs—such as the down payment, closing costs, home inspection and appraisal—are just the price of admission to homeownership. How important is the freedom to renovate? Hammond , a Chase private-client home lending adviser.

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7 Top Tips for a Great Home Appraisal: A Checklist to Prepare Your Property

PennyMac

Home improvements and renovations. This can include anything from the central air system you installed 10 years ago to the kitchen flooring and countertops you just renovated (along with the new oven and fridge to match, of course). Thoroughly inspect safety equipment like smoke alarms, carbon monoxide alarms and home security systems.

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Inheriting A House? Here Are Your Options

Quicken Loans

These could range from small, decorative touches that will make the house more competitive on the market to larger projects required to make the space livable. Any decorative or nonessential improvements are at your discretion. But for many heirs, inheriting a house means inheriting all the problems that come with it. Co-Inheritance.

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The Pros and Cons of Buying a House

PennyMac

The ability to decorate your walls, or paint them sky blue, and live with a pet without landlord approval makes buying a home attractive, as do the substantial financial benefits such as tax savings and equity building. May be required to allow landlord access to home for inspections. Homeownership is a keystone of the American dream.