Home Inspections, Is It Worth It?

Our friend Wanda Fears shares some very valuable insight for homeowners regarding home inspections.

From her blog:

"Are you getting ready to sell your home? If you are and don't have a real estate agent, the thought of getting a home inspection may cross your mind. So is it advisable to do one before proceeding with the selling process? 

 

If you want a smooth selling process, you may want to consider doing it. Having unexpected repairs can present major challenges when trying to close a business transaction and it can also give the buyer a sense that you are someone who is unprepared. Your real estate agent will suggest for you to get a home inspection, but it is good to have all that in order even before you contact your agent initially. 

  

Major home renovations such as: roof repairs, foundation repairs, walls with termite and rotting damage are some of the things that will be both time consuming and costly. It can prevent a seller finalizing a transaction altogether. A home inspection should be one of the first things that you do when you're trying to sell a home, it is also a very small investment in the grand scheme of things.

Repairs can be a major turn off for a buyer, they may not want to take the time to do all of the things required. Most buyers will want something that they can move in readily and are probably willing to pay a little more for that convenience. 

 

The only alternative to selling a house that has not been repaired before being put up in the market would be a house that is being sold "as it is", but this can potentially decrease the amount of money that you'll get for it. So this may not be an option after all if you're trying to maximize return.

 

Like everything else in life, it's important to plan ahead. This will be especially true with things like selling a home."

To read more about what Wanda does and get some great advice on how to sell or buy a home, please visit www.bestrvarealtor.com

For more tips and tricks for all your home needs visit:
NewEarthVA.com

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This Neighborhood, Good or Bad?

(image courtesy of AreaVibes.com)

As a contractor and a Class-A builder, New Earth comes across different kinds of neighborhoods, if you're new to the area it may be a little bit overwhelming to figure out where is a good place to live. Even as a current resident of RVA, it may be difficult to keep up with all the neighborhoods that are up and coming and the ones that have deteriorated. For the most part, Richmond is growing, at an alarmingly exponential rate. This is great for anyone living here or considering moving to Richmond. The value of property is rising. This is especially important for a homeowner to know because home care and maintenance are more crucial than ever.

So what's the best way of knowing if your neighborhood or a neighborhood that you're interested in is worth living in? Thankfully the internet has a lot of different websites that offer all kinds of information including statistical facts about any particular neighborhood. One of our personal favorites is AreaVibes.com. They offer useful knowledge like: crime rate, average household income, property value and the amenities available in any specific area. The only problem that we find with Area Vibes is that you need to do preliminary research on an area that you're interested in since they want you to plug in the name of the subdivision, zip code or address.

Richmond.com breaks the different neighborhoods down for you, they tell you stories of what's happening in some of them so it offers a more personable perspective to give you a sense of what that place is like. They talk about upcoming areas and complexes, specifically what places are being built out. This is important because if different stores and shops see the value of building in a neighborhood, that means that others will follow and see the value in it too. This means more and better housing.

They also include Real Estate listings so you can check out what is available on the market, this allows you to make easy comparisons between properties and see what your competitors are doing if you are in the market to sell.

Even though we are partial to downtown Richmond and the Churchill area, we like knowing what is going around in the Richmond Tri-Cities area, so we find these two resources incredibly useful. You will probably find them useful too.

Are you working on home improvements? Check out what your neighbors are doing by reading about it online, see what works and what doesn't. Some properties will have better value than others and this could be a good way to find out why.

For more tips and tricks for all your home needs visit:
NewEarthVA.com

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