FAQs

  • Q
    New Construction vs. Older Homes
    When searching for your home, keep in mind that you are in control of the transaction. You choose your real estate agent, home inspector, mortgage provider and of course, your home. All of these decisions can sometimes be overwhelming, and for some people, turn what should be an enjoyable experience into something they dread. However, with the guidance from a knowledgeable Coldwell Banker® agent, the purchase of your next home will be something you celebrate and enjoy for many years.

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    Q
    What about Property Taxes?
    Property taxes may be higher in one town than another nearby city. This can sometimes affect whether potential homebuyers view a community as a desirable place to live. Often, they will choose not to purchase in a community with higher taxes, though this decision is not always justified. Higher property taxes often mean newer and more modern schools, well-maintained roads, and bountiful community services. In addition, you will often find that the "cost per square foot" of homes is lower in cities that have higher property taxes. This means you can buy a bigger house for less money. Since the mortgage payment may be lower, but the property taxes a bit higher, the monthly housing costs may be approximately the same in each city. However, many agents and prospective buyers have a bias against a community with higher property taxes. If resale value is important to you, make property taxes a consideration when choosing the location of your new home.

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    Q
    7 Tips for Home Improvement
    While improving one's lifestyle is a fundamental reason for a home renovation, homeowners should also be aware that with proper research, planning and thoughtfulness, home improvements can ultimately raise the value of a property investment.

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    Q
    What about Economic Stability?
    When choosing a community for your purchase, it makes the most sense to buy in a city with a viable and stable economy. Five, ten, or even fifteen years from now – when you want to sell your home – you can have a reasonable expectation that your community will still be a desirable place to live. In addition to residential neighborhoods, there should be a healthy mixture of commercial and business districts. These not only provide jobs to the local residents, but also add an income source that the city can use to upgrade and maintain roads and city services. In fact, you should take a drive and see how well the community is maintained. You have probably heard of "pride of ownership" when referring to an individual home or an automobile. Look to live in a city that demonstrates community pride, as well.

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    Q
    Location – Local Community, Town or City?
    Before you can actually pick out a house, you need to choose what cities or communities you would like to live in. There are many factors you should pay attention to, not only for yourself, but because you intend to eventually sell the home to someone else. Carefully choosing your community is the first step in "location, location, location" and can help maximize your future potential resale value.

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    Q
    Which house do I choose?
    If your goal is to buy a home for it's resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part). Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don't "overpay" because of the recent improvements. Remember that you also buy a home for it's value to you as a "home," and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

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    Q
    4 Tips for Selling a Home
    Selling a home in today's real estate market can seem overwhelming, but with a seasoned real estate agent, you will be well equipped when navigating the home selling process. Try implementing these tips below and consult your agent to make your selling process as effective as possible.

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    Q
    The Value of a Home Inspection
    Buying a house is probably the single largest investment you'll ever make, and you want to ensure you get the best value for your hard-earned dollar.

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