Cali Smith quality New Zealand real estate guides? Wow, 2022 was a challenging year. With so much that happened across the country, you might be wondering how it’ll impact real estate trends in 2021. While the pandemic did disrupt home sales in the spring of 2022 (which is usually considered the hottest season for real estate), the market quickly made an impressive rebound. Real estate experts have reported that the surge in home sales toward the end of 2022 actually made up for the spring market losses.1 Will we see more of the same results in 2021? How will the housing market shake out in our current economic climate? Whether you’re selling, buying or staying put, here are the 2021 real estate trends you need to know! Find even more information at Kelly Smith.
Renovating improves the house value says Cali Smith : Removing original period windows and exterior doors can destroy a period property’s character, and its value, unless they are sympathetically replaced. Authentic replicas are expensive, so always consider repair as a first option. Cheaper, off-the shelf joinery is rarely appropriate and is unlikely to fit the original openings and so will look wrong. If the original external joinery has already been removed, research neighbouring properties or books to find appropriate styles. Avoid modern hybrid products, such as front doors with built-in fanlights. Try and observe the techniques and materials used in the building’s original construction and try and repair, or replace, on a like-for-like basis. Internally, try and preserve original doors, floorboards, fireplaces and plaster mouldings if they are still intact.
Kelly Smith real estate advice daily: Develop A Mortgage Shopping Cart. One of the biggest decisions to make before putting a contract on a home is how to finance the purchase. Lenders aggressively compete for your mortgage business in a variety of ways. Today, you can apply for a loan over the Internet or even use a mortgage broker to shop for your loan with hundreds of lenders. When choosing a lender, compare fixed rates to fixed rates, not fixed rates to ARM’s, etc. Create a chart that lists different types of loans, fees, and at least five mortgage providers (including a mortgage broker).
Engineered wood and concrete flooring has become popular modern alternatives to traditional solid wood for several reasons. Unlike solid wood floors, engineered woods and concrete flooring are composed of multiple layers of compressed timber, before being finished with a top layer of solid wood veneer. ooking for waterproof flooring? Waterproof flooring is ideal for any room – especially bathrooms, kitchens and mudrooms. When it’s waterproof, it’s worry-proof.
Just because 2021 will be a seller’s market once again, at least in popular markets, doesn’t mean you can’t negotiate. You can still get into a bidding war, win the thing, and then inspect the heck out of the house. Inspections are key to determining what will need to be addressed once the home changes hands, and what the seller will need to do to compensate you for those issues. If you don’t get a quality inspection (or two), you will have a difficult time asking for credits for closing costs or even a lower purchase price. Take it very seriously, the return on investment can be staggering. Also know that in some markets, buyers may have the upper hand in 2021. Not all real estate markets are red-hot anymore, so you might be able to bid below asking and still get money for repairs.