Homes of Distinction Realty



Posted by Homes of Distinction Realty on 6/13/2019

Boosting the value of your home doesnít have to require huge renovation projects, thousands of dollars, and months of planning. Making small, tactful home improvements can do the trick just as well.

The key to making desirable home improvements is to follow well-established building and design principles. Donít worry about the latest trends or trying to reinvent the wheel.

In this post, weíll tell you how to do just that so your home can be market ready in no time. Here are the top ten improvements for your home that cost $100 or less.

1. Add fixtures to the most outdated room of your home

Most people tend to renovate their homes one room at a time. If you have that one room thatís keeping your home in the past, bring it up to speed by replacing the fixtures; whether thatís a new faucet, doorknobs, or other hardware.

2. Shine the light on your hard work

A dark room feels smaller, older, and less put together. Abundant lighting is an excellent way to make your home feel larger and more welcoming.

3. Paint the front door and mailbox

Itís all about curb appeal. Refresh the outside of your home by putting a fresh coat of paint on your front door and mailbox. Bright, bold colors are sure to help your home stand apart from the neighbors while still fitting in.

4. Powerwash exterior surfaces

For $50 you can rent a pressure washer and clean up your vinyl siding, decks, walkways, and driveways. Thatís a lot of value and square footage for a small investment.

5. Buy a ďluxury shower headĒ

You can find spa-style shower heads on Amazon for less than $40 that look great and will make your home feel a bit more luxurious.

6. Stage to sell

Buy some modern wall art and large plants and ditch the family heirlooms for when it comes time to sell. These additions will make it easier for prospective buyers to picture themselves living in your home.

7. Mirrors are magic

Mirrors can be used in a number of places around the home to create the illusion of spaciousness in rooms that are otherwise lacking. There are plenty of creative uses for mirrors for each room of the home.

8. Ditch the linoleum

Underneath those linoleum floors lies wood that might be able to be refurbished. Donít worry about small dings; they add character.

9. Get ready for the welcome party

Buy a fresh doormat and replace an old doorbell to make visitors feel like theyíre entering a brand new home.

10. Cable management is king

Hide those cables in the office and living room by tying them behind displays or running wires underneath carpets or behind the drywall. This can instantly make your home feel more clean and put-together.





Posted by Homes of Distinction Realty on 6/6/2019

Although your real estate agent will do the lion's share of the work involved in selling your home, there are several things you, the homeowner, can do to help move things along.

By making sure your home is always ready to be shown at a moments notice to prospective buyers, you will be helping to "tip the scales" in the direction of a faster sale. Since making a great first impression is crucial to the sales process, it's important that your home always looks its best -- both inside and out. Here are a few tips to keep in mind when you decide to put your home on the market.

Order versus chaos: Every time your real estate agent sets up a showing of your house, it's an opportunity to attract and engage potential buyers. When your house and property look organized, clean, and well cared for, it sends a series of positive messages to prospects.

Admittedly, it can be a little bit of a hassle to keep your house looking (and smelling) immaculate all the time, but doing so can definitely work in your favor when it comes to making a great impression and getting your house sold faster.

To the extent that it's possible, try to eliminate or significantly reduce anything that could be described as "clutter." Clutter can include anything from excessive furniture and wall hangings to knick-knacks on your shelves and too many containers on kitchen countertops.

The ultimate effect you want to achieve is one of spaciousness, tastefulness, and organization. Anything which detracts from those desirable qualities could potentially work against you. As the classic 1980s TV commercial for a well-known dandruff shampoo reminds us: "You never get a second chance to make a first impression!"

Remember curb appeal: Actually the real first impression happens before prospective buyers even enter your home or step on your property. In many cases, it occurs before they even get out of their cars!

Making sure your house and property look as impeccable as possible from the street can help attract potential buyers and put them in a more receptive state of mind. Maintaining a manicured, clutter-free lawn, highlighted by a few splashes of floral color, can be an effective way to create eye-appeal and make a positive first impression.

One thing home sellers are either unaware of or forget about is the fact that prospective buyers sometimes do a preliminary "drive by" before picking up the phone and calling your (or their) real estate agent to schedule a showing. If they do not like what they see from their car, they probably are not going to take the next step and arrange a full tour of your home.

When you come to the realization that every person who drives by or visits your home is a potential buyer, you'll be more motivated to take care of the many details that either attract of send away prospective buyers.





Posted by Homes of Distinction Realty on 5/30/2019

With rent prices soaring in many areas of the U.S., renters are starting to consider whether now is the right time to start saving for a down payment on a home.

Depending on where you live and what your timeline is for buying a house, you might be wondering the same thing.

So, in todayís post, weíre going to talk about how to break down your rental costs to determine whether it makes more sense to buy a home rather than continue renting.

Add up your rental costs

There are any number of costs associated with renting depending on your lease agreement. Some renters are required to pay their own heating and utilities, while others have several bonuses thrown into the cost of their rent, such as internet, gym memberships and more.

So, take a minute to write down each of your rental expenses. To get you started, hereís a list of some of the most common costs for renters:

  • Monthly rent

  • Electric bills

  • Heating bills

  • Trash removal

  • Renterís insurance

  • Parking fees

Now that you know how much you put toward renting each month, itís time to take a look at what it could cost you to own a home.

Homeowner expenses

The key thing to remember about buying a home is that your costs can vary widely based on the size of your home, where itís located, and a number of other factors. However, you can often find area averages online.

If youíre considering a starter home (which you should!), then youíll want to look at houses in your area that are on the lower end of the market.

To get an idea of what your mortgage payments and monthly interest will be, you can use a free tool like Bankrate.

Now, letís make a list of your homeowner expenses:

  • Mortgage payment

  • Home insurance

  • Trash removal

  • Utilities

  • Heating and AC costs (plan for higher costs than renting due to more space)

  • Electricity

  • Property taxes (divided by 12)

  • Mortgage insurance (if you donít have a 20% down payment saved)

Cost-benefit analysis of owning a home vs renting

Now that you know the general costs, youíre getting close to knowing whether it would be cheaper or more expensive to buy a home than rent.

However, that isnít the full picture. When you own a home, youíre responsible for maintenance and upkeep. That means you should budget around $250 per month toward maintenance. Even if you donít use that amount each month, thereís a good chance youíll have to make a repair or upgrade, or even hire a professional to come and fix something on your home.

The final piece of the picture involves home equity. When you own a home, most of the money you pay each month to your lender will come back to you in the form of equity. As a renter, your money goes to your landlord and will never be seen or heard from again.

So, if youíve added up your lists, accounted for maintenance costs, and still have enough left over to live comfortably each month by buying a home, you can most likely bet on buying as being a better option.

If not, it might pay off to rent for another year or two while you save up for a down payment so you can get the lowest interest rate and avoid PMI.




Categories: Uncategorized  


Posted by Homes of Distinction Realty on 5/24/2019

This Single-Family in Northbridge, MA recently sold for $389,900. This Contemporary style home was sold by - Homes of Distinction Realty.


43 Quaker St, Northbridge, MA 01534

Single-Family

$389,000
Price
$389,900
Sale Price

6
Rooms
2
Beds
2
Baths
Showings start Sunday, 3/24 12:00-2:00 on this beautifully updated, immaculate condition contemporary on 3 acres located on a designated scenic road. Amazing open floor plan with bamboo flooring throughout (except baths). Kitchen has updated cabinets and stainless appliances. Dining area has sliders that lead to enclosed porch that could be converted into additional living area. Living room has floor to ceiling fieldstone fireplace with a Harman pellet stove. Both bedrooms have walk in closets. Master bath. Spiral staircase leads to loft area and could be used as a 3rd bedroom if walls were closed. It has a walk in closet and rough plumbing for a bath. First floor laundry. 1 car garage under. All new in 2012 - 3 bedroom septic system, roof, gutters, front door, bamboo flooring, well pump, well tank, ph balancer/water filter, driveway and pellet stove. Kitchen and baths updated in 2012 as well. New siding and deck flooring in 2016. Replacement windows. Recent heating system. Cool house!

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Categories: Sold Homes  


Posted by Homes of Distinction Realty on 5/23/2019

If you are mulling over purchasing a vacation home, then you must go over a few considerations before you make the final decision. If done for the right reasons, it can end up being a great piece of investment, as you can save hotel and lodging costs when you visit and then rent it out during off seasons.

  1. Location. Location is essential because you can't just up and move at will, so consider the area of the property you are contemplating purchasing thoroughly. Will the site accessible and attractive to future guests? Is it located in a place that is prone to natural disasters like hurricanes and storms?
  2. Calculate the associated costs. Many other costs come along with purchasing a piece of property such as utilities, maintenance, homeowner association costs, property taxes, and insurance fees. You want to factor all this and determine that they are well within your budget. If you plan on using rental income to cover some of these costs, then you have to be practical about what rental income typically is in that area.
  3. Maintenance Issues. If you are buying that vacation property as an investment, then you have to make arrangements for who is going to manage it in your absence. Things like security and surveillance are critical. The speed at which you repair a bad pipe or faulty wiring may be the final defense between your house going up in flames or flooding. If you aren't around for long periods, plan to hire a facility manager who can supervise affairs.
  4. Finances. Run a money check with your financial adviser. Get someone to look at other tax issues such as buying out of state property. You might find that property taxes on that new place may not be deductible. Are you going to be able to meet up with your other long term financial commitments?
  5. Local laws. It's always necessary to run checks on local laws and regulations about homes in the place you choose. Make sure you hire a local property professional too as they are likely to be more thorough. Are you going to be allowed to rent it out, and are there regulations on the number of days it can be rented out?

Whatever you do, make sure you cover all your bases and consult with our realtor before you sign the final contract.




Categories: Uncategorized