Ask the Professional

Tips for Upgrading your House

Ask yourself what prospective buyers might be searching for in a home. Not sure? The Inspired team would love to help you, and can schedule an appointment, at no charge, to visit and make suggestions for improvements which will help long term.

Below are 10 tips for the best upgrades to increase home value.

How to Buy a Home with Student Debt

What is Debt to Income Ratio (DTI) ?

DTI is what lenders look at to determine if you qualify for a mortgage and how much you can pay. It is your monthly income vs monthly payment to creditors. Student loans are one of the debts lenders will take into consideration.

For most lenders, 40 percent DTI is on the higher end of the scale and could exclude you from securing a mortgage. Ideally, you want to shoot for a number below 36 percent before applying – 43 percent is the maximum typically allowed.

Here are some ways to improve this ratio:

What can I do to get our house shown more than it is currently being shown?

Price and pictures are what typically get showings on your home. If there is a buyer in your price range working with an agent in our area, there are many homes to see, probably too many to see them all. To be included on a buyer’s “tour,” you want to be priced not only according to the recent sales of similar homes, but also as good as or better than your competition.

Choosing the Right Neighborhood

Choosing the right home to fit your needs is very important as well as the right neighborhood. Previewing a neighborhood prior to touring will help narrow your search. As you scope out the neighborhood take time to evaluate these things when considering your home options.

Transportation:
If necessary is public transportation easily accessible? If your lifestyle requires air travel are you in close proximity to the airport? If you know the location of employment is the travel time reasonable from your desired neighborhood?

HOW TO KEEP THE PEACE IN YOUR NEIGHBORHOOD

Safety First! Neighborhood associations and if necessary the police are good resources for confronting anyone you feel unsafe around. And when you can, model kindness, courtesy, and even generosity.
Ways to be pro-active in building a good rapport with neighbors:
1. Be the first in your neighborhood to welcome new neighbors! Bring a gift or a meal over to introduce yourself.
2. If you are the new neighbor, throw a party to introduce yourself.

Vintage v.s. Dated

There’s a fine – and often subjective—line between “vintage” and “dated” when it comes to home features. Buyers tend to be willing to pay more for a contemporary-looking property. But how do you determine whether to invest in an update? Here are a few features it’s pretty safe to say are long past their expiration date.

1. Popcorn ceilings
Also known as acoustic, or cottage cheese ceilings, they were styled using a popular spray-on ceiling finish for decades. Fortunately, the finish is easy enough to remove using a variety of DIY methods.

I think I’d like to sell my home, but I can’t afford a realtor. What can I do?

First, please know that you are not the only homeowner in this situation, and there’s nothing to be embarrassed about. Many homeowners are in your same shoes: the house was affordable in prior years, but current income no longer pays all the bills. It is possible to list your home for sale with a realtor specifically trained for sales like yours, whose advice you really need at this time.