Guest Post - Why You Should Build Instead of Buy in 2021

Over the course of a year, the coronavirus took the real estate industry and flipped it on its head. What once was a buyer’s paradise is now a seller’s dream. So, if you were hoping to purchase your first home, now might not be the best time. Of course, you could get a historically low mortgage rate if you do decide to buy. However, you’ll likely pay more over a longer period of time, which certainly doesn’t do you any favors. 

Instead of settling for a mediocre home outside your budget, why not build your own exactly how you envision it? In 2021, there are a handful of good reasons to do just that. 

Home Values Are High

Mortgage rates hit record lows for months in 2020, fueling the demand for homes. Instead of building, most people chose to purchase pre-existing houses. Unfortunately for buyers, this high demand also drove up home values. In October, prices rose 8.4% from a year earlier and 7% from the month previous. Now, experts predict that homes will only become more expensive, albeit at a much slower pace than last year.

Housing Inventory is Limited 

Of course, a high demand for homes has also led to a dramatic decrease in inventory. In late November, the market only had a 2.3 month supply of inventory. Since then, a few more homes have made it into the market. Still, finding a decent home for a good price is nearly impossible. 

Subsequently, many who were once hoping to buy have decided to build instead. This alternative might save first time buyers more money in the long run and get them into a home sooner than if they had waited for prices to drop again.

Housing Production is Growing

More Americans are working from home than ever before. If you’ve transitioned to a home office, too, now might be the perfect time to build a new house or add onto your existing one. It wouldn’t hurt to have an office all to yourself, you know. 

Luckily, housing production is growing, effectively driving down construction prices and making renovations more affordable to the average homeowner. Of course, constructing a home from the ground up will still require a fair amount of money and time. However, with all the time you’re spending at home, investing in a comfortable place to live and work might be worth it. 

Taking the Leap 

If you’re ready to take the leap and finally build your dream home, the first thing you need to do is conduct some preliminary research. Where is the best place to build in 2021? Does the local municipality require you to have a construction permit or can you renovate without one? Understand exactly what you’re getting yourself into before you break ground. Then, if things go south, you’ll already be prepared to handle them so you can finish your home sooner rather than later. 

Author bio: Rose Morrison is the managing editor of Renovated, where she offers advice on home renovation, maintenance, and organization.

How to Prepare Your Home Before Listing It for a Quick Sale

With limitless homes available in the market, a homebuyer is likely to get choosy when buying one. Potential clients will settle for nothing but the best, so give your home a pristine appearance for an effortless selling procedure. Employ the following tactics when listing your home for sale.

Give Your Landscaping a Fine Touch

Excellent landscaping is a vital element as it's among the first things a potential buyer will realize. Make your compound spotless by pruning any bushes, mowing grass, and planting new flowers. Revamp the front yard to an irresistible standard. Shoddy looking exterior portrays a negative image about the interior as well. Clean your gutters spotlessly. The better the appearance, the easier the selling process gets.

Make the Necessary Repairs

With the rising demand for quality homes in the market today, you do not want to go for years looking for a buyer. In the same case, everyone would wish to sell their home at a high cost. Generally, the condition of your house will determine such factors. Fix all flaws such as damaged windows and leaking roofs as these may turn buyers away. Make it as blemishless as new.

Find a Reliable Agent

While the process of selling your home may prove challenging, finding a seller's agent is a brilliant idea. Involving a reputable team makes it easy to get a buyer sooner, unlike deciding to work alone. Allow the agent to give you a proper plan and pricing for your home.

Renovate the Front Door to Make It Attractive

Old paint on the front door will render every effort you have made to revamp your home futile. Paint the door afresh using a color that matches the rest of your home to make it stand out. Replace any bleached decorations or house identification numbers for one to see from far. A new elegant doormat will play a key role in inviting people to your home. If a homebuyer likes what they see on the front door, they would feel invited to check the interior.

Depersonalize Your Home

When a buyer comes to inspect your home, they would want to imagine owning it. Conceal your items such as photos and furniture to create room for the buyer’s imaginations. If possible, vacate the house to make it appear ready for the next occupant.

Finally, when you have made all the necessary plans and confirmed that all is well, invite an evaluator to affirm that your home is ready for listing. Make the final touches and list your house for sale.

Common Mistakes Made When Spring Cleaning

As we head toward the end of the official winter months, the ideas concerning spring begin to flourish. One thing on many people’s minds as the freezing chill melts away is the spring cleaning tasks they have ahead of them. Spring cleaning can be cathartic after a winter of holing ourselves up inside, but it’s certainly not the most fun task to imagine doing. To ease the transition, we’ve come up with this list of common mistakes made when spring cleaning. Avoid these, and the whole process will go much smoother.

Trying To Do Too Much

Spring cleaning can seem like an insurmountable task, depending on how much you have to clean or how big your house is. If you try to clean every single part of your home over the course of a weekend or two, you’re probably going to burn yourself out. Make sure you set realistic goals for your spring cleaning. Consider focusing on specific areas in your home or decluttering rather than cleaning if you have too much stuff.

Not Making a Plan

One of the most common mistakes made when spring cleaning is wasting time because you don’t know how to be efficient. A good plan can make all the difference. Planning out your cleaning route can make the task much easier in the long run. You won’t have to wonder where you’ve already cleaned or what you still need to do in what room because it will all be in your plan.

Throwing Everything Away

Decluttering is a substantial part of spring cleaning. All that junk you’ve accumulated over the winter needs to go somewhere. Before you give up and simply throw it all in the trash, consider the more reasonable alternatives. If you can recycle something rather than throwing it away, do your best to do so. If some things are donatable, consider giving them to an organization like the Purple Heart Pickup that will put those items to better use.

Reorganizing Rather Than Cleaning

Don’t fall into this trap unless your home is already devoid of clutter. There’s a distinctive difference between cleaning and decluttering effectively and just moving things into different places. Moving clutter from one area to another doesn’t make it clean, even if it does kind of feel like it. Be sure to get rid of things you no longer need, and you’ll have a much cleaner house by the end of the day.

Leaving Hard-To-Reach Places for the End

There’s nothing worse than going through all the work of cleaning an area and then forgetting you didn’t dust the ceiling fan beforehand. Areas such as crawl spaces, corners, and crevices are rife with dust and allergens. These should be where you start your cleaning, not where you end it. Leaving these until the end will only elongate the process.

What You Can Do Yourself and What You'll Need Help With if You Purchase a Fixer-Upper

Fixer-uppers are becoming a popular project for many. Whether you're looking to craft a home that you're going to live in or you're looking to flip it, you're going to need some help. We're going to break down the particular aspects of the renovation project and reveal what you should DIY and what you should hire out for.

Drywall

While there are countless videos online about drywall installation and various tools claiming that they'll provide you with professional results, don't fall for this scam. Drywall is something that takes hands-on experience to master. A good drywall job is so imperative to the overall finished look of a home. Therefore, it's always a good idea to hire out for drywall installation so that you can ensure it will have a professional look.

Roof Replacement

When it comes to roofing, there are two main categories that we'll address. First, there are the simple roof repairs of replacing a shingle or two that went missing. This is fairly easy to do for any DIYer with a ladder. However, major repairs should be left up to a residential roofing contractor. These include jobs like fixing leaks, replacing boards, and replacing the entire roof.

Electrical Upgrades

The electrical components of a home are something that you'll almost always address with a home renovation project. If you're just upgrading old receptacles, switches, and cover plates, then you can handle that job on your own. Just be sure to cut the power before you get started. If you need more outlets installed, the whole system rewired, or any complex lighting fixtures installed, you'll want to hire a professional. Electricity is not something that you want to mess with. Electricians know how to be safe and the code standards for your area.

Flooring

When it comes to flooring, you have many options. If you plan on laying down carpeting, it's probably best just to let the professionals handle it. They will be able to secure it correctly so that it doesn't ripple or peel up. On the other hand, vinyl flooring is one of the easiest products to install. You should opt for saving yourself some money on labor and install the vinyl plank on your own. You'll just need to buy the basic installation tools that are fairly cheap.

When it comes to dealing with a fixer-upper, you may just want to dive in and do everything yourself. However, this isn't the best idea. Follow the instructions above to ensure that your project turns out how you envisioned it today.