Many people use the new year to better themselves. Have you thought of “bettering” your real estate options?
We often use this time of year to consider what we can do to better our lives. After all, the new year is kind of like a new slate, isn’t it? When considering these options to better yourself, are you considering your environment? Your assets? Your future?
The new year is a great time to explore these other possible opportunities. Are you still renting a home? If you own a home, have you checked in on its current value? Is it time to move, remodel, or access equity?
Let’s talk about each of these questions one by one.
Are you still renting a home?
Renting a home comes with some conveniences. After all, you pay a monthly fee for a place to live, and you don’t have to concern yourself with such things as taxes or maintenance. Then again, you also can’t take advantage of the tax benefits of home ownership. You also aren’t building value with one of the safest investments around. Lastly, you don’t really have any control over your monthly rent amount, as it can chance at the whim of your landlord or property manager (Within the confines of the lease agreement, that is). Also, once your lease is up, you may or may not have control over whether you can continue to live in your rental home. Your landlord may decide its time to sell…then what?
A lot of renters think its easier (Or cheaper) to stay the course, rather than find out whether they qualify to purchase a home. With interest rates as low as they are, many former renters are pleasantly pleased to find out they can actually get into a home without spending more than they are on monthly rent.
If you’re still renting, consider making a New Year’s resolution to look at your home buying options. Contact us for a no obligation home buying consultation.
If you own a home, have you checked in on its current value?
When was the last time you had a thorough analysis of the Fair Market Value of your home? We’re not just talking about plugging into the “Zestimate,” we’re talking about an in-depth report that will provide you with written details on recent sales of comparable homes in your neighborhood, along with economic and demographic information that helps to TRULY establish your home’s value. It’s easy to do. All you have to do is contact us, and we’ll have a written, detailed Comparative Market Analysis to you at no cost or obligation.
Is it time to move, remodel, or access equity?
Once you know your home’s actual Fair Market Value, you’ll be equipped to make some positive resolutions for the New Year. Perhaps you’re considering a move up, or a move to another area in the Santa Clarita Valley (Or anywhere in the USA, for that matter!). If you’ve recently become an ’empty-nester”, perhaps it’s time to downsize and take the remainder of your equity to invest in another growth opportunity.
If you’re not looking to move, is it time to consider making much needed (or wanted) cosmetic upgrades or repairs to your home that can add more value?
Either way, the Lichen-Hooper Real Estate Team is here for you!
We are a team of experienced, highly trained, licensed real estate professionals ready to serve your needs. Let us help you achieve all of your real estate resolutions!