According to Reuters, Lexington home mortgage applications increased by 2 percent in mid-September. Applications are at their highest level since this past April. This rise was fueled by two main factors.
A drop in interest rates by the Federal Reserve is the first reason. With a lower interest rate, more homeowners are urged to refinance. The second component is the excess of homes on the market. Prices are driven down with a surplus of homes. More ...
Posted on Friday, October 10, 2008
You can make your second Lexington home more appealing to vacationers by installing one thing, a hot tub. On average rental homes with hot tubs take in $14,000 more than rentals without. The up-front cost is big, but a hot tub will pay for itself many times over.
In addition, renters will remember a dirty house a good deal more than a clean house. Be sure the linens are fresh and the floors are spick and span to avoid any bad memories. The only things a renter should bring are clothes and food. More ...
Posted on Wednesday, October 08, 2008
You may need to bring in the specialists if your Lexington home remains on the market . Staging your house is a great way to make a noteworthy first impression on potential buyers. Trading or taking out furniture to create a tasteful look is how you stage a house. Staging will pay for iteslf even though an extra cost is unappealing.
Generally, a staged home usually stays on the market for 1.5 months less than its non-staged counterpart will. The owner needs to be as detached as possible to sell a house because staging is all about depersonalization. When a possible buyer can envision themselves in your Lexington home , you have success. More ...
Posted on Monday, October 06, 2008
Before installing an upstairs laundry room in your Lexington home , you have got to do a bit of careful planning. If not, you could face water damage or structural difficulties if the job is executed improperly.
It is wise to bring in an architect and possibly even a structural engineer to make sure your house will hold the additional weight and vibrations from a washer and dryer. Installing a floor drain and electronic shutoff valve, which will automatically block the flow of water in case of a leak, to prevent water damage by flooding.
The most expensive part of the job is going to be putting in a dedicated electric and gas line. Lastly, do your research to search for the most energy efficient and quiet appliances. You can safely put in upstairs laundry and increase the price value of your Lexington home by following these simple steps. More ...
Posted on Sunday, October 05, 2008
Looking to put in an extra bedroom in your Lexington home? Outdoor sleeping quarters might be a good idea. From bars to daybeds to side tables, folks are investing more money on outdoor "rooms." To guarantee water and mildew stay out of your bed, these rooms are set up with aluminum platforms, mosquito nets, nylon, and woven PVC.
These beds arrive ready-made and vary from expensive models by Armani/Casa's Oceano, to the more inexpensive versions, available at Home Depot or Lowe's. A canopied daybed on the deck will generally be a terrific place to kick back and take a nap, even though so many areas don't permit sleeping outside. More ...
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