East Coast Properties, LLC



Posted by East Coast Properties, LLC on 10/16/2017

Ready to buy a home? Ultimately, you'll want to prepare for the homebuying process. By doing so, you can avoid many costly mistakes.

Believe it or not, it is easy to make mistakes as you browse the housing market. Some of the expensive mistakes that homebuyers frequently make include:

1. Overspending on a Residence

No one should be forced to overspend on a home. Unfortunately, if you fail to study the real estate market, you risk paying too much to acquire your dream house.

Remember, an informed homebuyer will be better equipped to optimize the value of his or her real estate investment than others. And if you understand the costs of properties in your area, you can avoid the temptation to overspend.

Explore the real estate market closely and assess the prices of similar houses. By doing so, you can understand the price range of homes that fall within your budget and plan accordingly.

Also, work with an experienced real estate agent. This real estate professional will help you determine how much you can spend on a home and can provide you with details about properties that match your budget.

2. Failure to Get Pre-Approved for a Mortgage

After you find your dream home, you'll need to figure out how to pay for it. And if you struggle to obtain a mortgage before you start your home search, you might miss out on the opportunity to purchase your dream residence.

Meeting with banks and credit unions prior to checking out properties is ideal. This will allow you to obtain a mortgage and search for houses that fit your price range.

Moreover, getting pre-approved for a mortgage may help you stand out in the eyes of a home seller, as he or she won't have to wait for you to secure financing to finalize a purchase agreement.

3. Lack of Realistic Expectations

As a homebuyer, it is important to understand that every house has its pros and cons. But if you fail to establish realistic expectations for the homebuying process, it may be impossible for you to find the right property at the right price.

Separating your homebuying wants from your homebuying needs is vital. If you determine exactly what you'd like to find in your dream home before you explore the real estate market, you can narrow your search and streamline the process of acquiring the perfect residence.

Furthermore, hiring a real estate agent can make a world of difference for homebuyers. Your real estate agent can keep you up to date about new homes as they become available, set up home showings and help you submit offers on residences. This real estate professional also can offer homebuying recommendations, ensuring that you can minimize the risk of homebuying mistakes.

With a real estate agent at your side, you can accelerate the process of going from homebuyer to homeowner. Collaborate with a real estate agent today, and you should have no trouble securing your ideal residence.




Categories: Uncategorized  


Posted by East Coast Properties, LLC on 10/9/2017

If youíre looking to make changes to your home in a big way but donít have the time or the budget, thereís plenty of things that you can do in order to bring your home to another level without breaking the bank. 


Look From The Outside In


Enhancing the landscaping and curb appeal of your home can be an easy project to add value and comfort to your home. Whether youíre getting ready to sell or you just want to feel more at home, making your home look more inviting from the outside is a worthwhile project. 


Open Some Space


Just knocking down a wall can make a huge difference in your home. Once a wall is removed, it can really transform your space. Be careful though, as knocking down a wall where plumbing is or electrical work is can disrupt a lot. This can become very costly, so you may not want to undertake such a big project. Also be mindful of reconnecting floors or moving features like a kitchen island. Be sure to get a few quotes from contractors for these jobs before you settle with one.


Get New Windows


Putting in new windows is a great project that can add a lot of value to your home. You should really replace the windows in your home every 20-25 years. Updating the windows in your home not only changes the look of your home but makes it more energy efficient as well. The extra insulation can also help to keep out noise disturbances and keep your home a quiet place to live. If you live near a main road, new windows are a must. 


Upgrade Appliances 


There is nothing more attractive to buyers and homeowners alike than new appliances. These are fairly cheap investments considering their returns. You can replace one appliance or go for a whole new kitchen if youíd like. It all depends on the condition of the appliances. Even simply replacing the washer and dryer can make your life easier and also make your home more attractive to buyers when you decide to sell.


Change Up The Floors


Simply switching your carpet or ripping up carpets to put in hardwood floors can be a huge game changer for your home. The costs of these improvements can vary greatly. The size of your rooms and the type of materials that you choose can affect the costs as well. 


Get Organized


Putting in shelving or other organizing systems to help you and your family keep organized can be invaluable. Not having to deal with constant clutter can reduce stress and make your home look more presentable. This is another improvement project that is totally worthwhile for you to complete.





Posted by East Coast Properties, LLC on 10/2/2017

Comparative market analysis is a tool that helps sellers to know about how much their home is worth. It gives an overview of what a good price for the home is in the current market based on comparable properties. Different realtors have different practices as to how they present this information. CMAs can vary from a two page list to a 50-page guide. The reports vary as to how in-depth they get as well. The important things is the information that they contain. 


What Data Does A Comparative Market Analysis Contain?


  • Active listings of homes currently for sale
  • Homes that are pending being listed
  • Homes that have sold in the past 6 months
  • Off market homes
  • Homes that have withdrawn from the market
  • Cancelled listings


Why Homes May Have Been Taken Off The Market


Homes can go on and off the market for a variety of reasons. These reasons include sellerís remorse, high pricing, requests for repairs, or the seller may have hired a completely new agent.


Looking At Comparable Sales


Comparable sales are the homes that have recently sold and are most closely related to your home. Youíll want to find the homes on the list that are most like your home. When finding comparable homes, take the following into consideration:


  • Similar square footage
  • Same rough age
  • Comparable condition
  • Similar upgrades
  • Close proximity to the same neighborhoods, schools, and amenities


Itís important when youíre using these comparative reports that you find homes on the list that are very similar to your own. You donít want to be comparing the price of an 8-room split level with an 11-room colonial. You also need to keep in mind that there are some neighborhoods that are more desirable than others. If one house is much closer to a sought after school than your home, youíll need to take that into consideration for a price point. 


Location


Location may be one of the most valuable things about your home that you canít really change. Buyers seek to live in a certain area of town and are willing to pay top dollar to do so. If you find that nearby homes are selling for much more or much less than homes even closer to yours, the location of your home may be a huge factor.  


The comparative market analysis is just one tool that your real estate agent uses to help you price your home just right and use the right marketing tools to sell it. These reports help you to be an informed seller. Comparative market analysis reports are just one more good reason that you need a real estate agent to help you sell your home.





Posted by East Coast Properties, LLC on 9/25/2017

Minimalism is everywhere lately, and itís no wonder why. With each of us cramming our days full of more and more tasks, buying larger houses, and being bombarded with advertisements for all of the things we need to fill those homes up with, it becomes apparent why many are turning to a simpler way of living. Or, at the very least, trying to cut down on the amount of stuff we own and have to keep track of.

Since our homes are where we keep all that stuff and where we spend the majority of our time, you can see how it becomes easy for homes to get cluttered and messy.

In this article, weíre going to talk about some of the reasons you might want to incorporate minimalist ideas into your home and give you some tips on how to go about simplifying your life at home.

Less clutter, less cleaning, more time

The obvious benefit of minimalism is that the fewer things you own, the fewer things you have to spend time taking care of. This goes for cleaning, maintaining, and storing. It might be tempting to buy the latest single-cup coffee maker, but do you really need another thing to take care of and find counter space for?

When it comes to cleaning, a minimal house is much easier to take care of. Fewer things to dust and wash means you can spend more time doing things you enjoy.

To illustrate how much easier it is to clean a minimal room than a cluttered one, just image how long it takes to mop the floors of an empty room compared to having to move or clean around furniture.

The same reasoning applies to mowing a lawn--itís easier to mow in a straight line that it is to have to carefully avoid objects strewn across your yard.

Easier to live in  

By nature, we are an animal that loves to be organized. We get frustrated when things arenít where we left them or when we forget where we put something we need. A minimal home takes away some of that frustration by allowing fewer opportunities to lose our keys or whatever else gets lost in the piles of clutter.

More welcoming to guests and more relaxing for us

Each of us has our own preferences when it comes to decorating. However, one thing that can be said about humans is that we tend to feel more relaxed when weíre not crowded by things or other people.

Similarly, itís easier for us to focus in environments that have fewer distractions. A minimal home office would ideally contain mostly just the necessities for whatever work you need to accomplish.

How to get started

Now that you know the benefits, here are some ways you can get started making your home more minimal.

To avoid taking on too large of a task at once, approach your home one room at a time. Take note of what is in that room and think back to the last time you used it. Does it serve a purpose? If the object is just for decoration, is it a decoration that you feel adds to the room or does it clutter it up too much?

By asking yourself these questions, you can begin to make your home a more relaxing, more welcoming environment for you and your guests.




Tags: decorating   minimalism   clutter  
Categories: Uncategorized  


Posted by East Coast Properties, LLC on 9/18/2017

When selling your home, you want to be able to get the largest return for your investment. And buyers are looking for their next place to call home. They are looking for a place that they can see themselves living and creating a future. And oftentimes, itís very difficult for buyers to look beyond the cosmetics of a home, especially when viewing online. Therefore, if large investments are not in the cards for you or wonít bring a significant ROI, small home improvements are the way to go. These small improvements can take your home from blah to wow!

Letís take a look at some of the best small home improvements that will certainly provide you with a return.  

1. Fresh coat of paint: A fresh coat of paint can make the world of a difference in a home. It can instantly brighten up a space and make the home look and feel neweróan instant plus for any seller and buyer. But be sure to choose more neutral colors as not everyone will be a fan of bold colors.

2. Adding architectural touches: Architectural features like crown molding and a chair rail can add an elegant upgrade to any home. They can be fairly inexpensive and would only take a weekend to put up.

3. Update front door: Your front door is a large part of your curb appeal. And a homeís curb appeal can leave a substantial impression on buyers. You can go the inexpensive route and add a pop of color that compliments your homeís exterior and landscaping or purchase a new door if a coat of paint wonít do the trick.

4. Add a backsplash: Backsplashes donít have to break the bank to catch a buyerís eye. And there are so many options from subway tile to mosaic to antique tin.

5. New hardware: Updating the hardware in your kitchen and bathroom can make the world of a difference. Adding modern hardware to cabinet doors will add a refreshing, simple update.

6. Update fixtures: Replacing old, worn down bathroom and kitchen fixtures is a very simple home improvement. Although not the cheapest of these options, they will definitely make a big difference in those rooms.Think of a home built in the 90s that has brass fixtures. The home looks very outdated and therefore worth less in the eyes of a buyer. If you update these fixtures to pewter or brushed nickel, you are instantly bringing the spaces into the 21st century and catching the appeal of buyers.

The amount of time, effort, and money that you want to put back into your home is a decision that you alone can make. It may seem silly to put more money into the home you are trying to sell, but itís quite the opposite. Be smart about your updates and improvements. Try to think like a buyer and make updates that the majority will like and want.