Category Archives: Moving

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How Flipping Houses Can Help You Go to College Debt-Free

November 10, 2023 carmenmicsa Leave a comment

Having been in real estate for 23 years, I have dealt with many investors looking to buy a fixer-upper and resell it, or what we call flipping. My husband and I also have flipped a few homes, making good money and enjoying the end product. With our market changing, you would think there are not many flippers out there, but as the broker/CEO of Dynamic Real Estate, I receive multiple text messages from investors looking to buy and flip.

This week’s article by Erin Reynolds matches what I have seen on the market and analyzes a unique way for college students to make some money and possibly go to college debt-free.

You can find more info about Erin Reynolds on diymama.net | erin@diymama.net.

As an adult returning to college, you might struggle to finance your education. But did you know that there are ways to pay for your college education while improving your financial situation at the same time? One strategy is to flip houses. House flipping essentially means purchasing a property, making some renovations or upgrades, and reselling it for profit. Today, Running for Real Estate discusses precisely how this prospect can help you pay for college and improve your overall situation!

Choosing a Good Property to Flip

The first step in flipping houses is identifying a property that has the potential for a good profit margin. The key is to look for something that is undervalued and has room for improvement. You’ll also want to consider the location of the property because it can greatly impact the resale value. Foreclosure auctions, short sales, and banked-owned properties are some excellent places to look for undervalued properties.

Exploring Kitchen Upgrades

Once you’ve chosen a property, it’s essential to make wise, cost-effective renovations that will boost the resale value. One area that can greatly increase the value of the home is the kitchen. After all, it’s the most important space for many buyers!

Consider making upgrades like new countertops, cabinets, or appliances. You could also attract buyers with a new range hood that helps improve the kitchen’s air quality. These kinds of upgrades are known to have a high return on investment and can significantly increase the house’s sale price.

Cleaning Every Room

Before listing your property for sale, you’ll want to take the time to thoroughly clean and declutter the space. A clean, organized home is much more appealing to buyers and can sell faster; it also signals to buyers that the rest of the property is in good shape. Be sure to clean every room in the house, including the windows, floors, and walls. And if you have laminate floors, be careful what kind of vacuum you use. Some vacuums with hard bristles will scratch the finish and leave you in a pickle!

Staging the Home

Staging your flip property for photos and showings will go a long way toward enticing potential buyers and getting a higher selling price. You can do this with some simple home decor and furniture arrangements. Try adding fresh flowers or plants, putting away personal items, and creating cozy spaces with pillows and throws.

Marketing the Property

Marketing is vital to a successful house-flipping business. One of the most effective ways to attract potential buyers is to go through online channels like social media and real estate websites. Consider using professional photos and descriptions that highlight the property’s features. It’s also important to write an appealing listing that will draw in buyers by discussing the benefits of the property and its location.

Go Back to School

One big benefit of house-flipping is that it allows you plenty of time to set your schedule and pursue other interests as desired — like going back to school! Furthering your education is a great way to boost your confidence while also opening lots of doors career-wise. There are plenty of lucrative degree options out there, like data analytics, and an online learning platform offers individuals the flexibility to earn their degree on their own time, from the comfort of their own home.

Hiring Professionals Along the Way

Flipping houses is hard work and can be overwhelming at times. Hiring professionals to help with specific aspects can ensure that everything runs smoothly while reducing your stress. You might include a contractor for renovations, an experienced real estate agent to help sell the property, a lender to help with the financing, and a photographer to capture professional images. These experts can help you navigate the process of flipping houses and make it more manageable (and successful).

Summary

If you need to pay for your college tuition as an adult, flipping houses is one of the best ways to do it. Learning to select a profitable property, making the right renovations, marketing the property effectively, and implementing the other tips above will put you in an excellent position to make money and finance your education. Remember that flipping houses will require time, effort, and a bit of financial risk. Be sure to do your research and plan accordingly so that you can turn this practice into a stepping stone to long-term success!

Whether you’re interested in running or real estate, Running for Real Estate is a great place to learn more! Questions? Call 916–342–2446.

For more inspiration on how to let “AIR,” which stands for adaptation, inspiration, and resilience guide you, please consider buying my print edition or e-book The PR- The Poetics of Running, A Book of Poetry in Motion and Morsels of Love, A Book of Poetry and Short Forms on Amazon, or any other of my books.

For more info on running and real estate, whether buying or selling, please e-mail me at carmenmicsa@yahoo.com, or call me at 916–342–2446.

Also, mention this blog and receive a great offer whether buying (credit for closing costs) or selling (commission discount).

Running for real estate with joy!

Buying and selling a home, Home maintenance, Moving, Real estate, Real Estate agent, Real estate and home ownership, Relocation, Remodeling

Finding Strength in Change: Journey of Starting Over in a New City

September 22, 2023 carmenmicsa Leave a comment

As the broker/CEO of my Dynamic Real Estate, Inc. company, my favorite part is being in the trenches – helping my sellers and buyers. August has been a super busy month for me working with sellers and noticing that moving to new states continues, which is why I accepted the article below by guest author Erin Reynolds. You can find more info about her at diymama.net | erin@diymama.net.

Finding yourself at a low point in your life can feel isolating, overwhelming, and hopeless. However, one thing that can help turn your situation around is a change of scenery. Moving to a new city and starting fresh can provide a renewed sense of purpose and a chance to reinvent oneself. If you are considering taking on this challenge, it is important to approach the process with intention. Running for Real Estate shares some tips and tricks to help you navigate your move and make the most of this incredible opportunity.

Mental Health First

Before diving into the logistics of packing and planning, it is imperative to prioritize your mental health. Moving to a new city can be a stressful experience, even more so if you are dealing with negative feelings or mental health struggles. As you prepare to head out on your adventure, take the time to consider what self-care activities you can incorporate into your routine. This might include activities like regular exercise, meditation, or working with a therapist.

Pursue Your Passions

One of the most profound advantages of beginning anew is the chance to pursue one’s passions with newfound vigor. If you’ve been longing to take up a new hobby, activity, or interest, now is the perfect opportunity to delve into it.

By evaluating a bachelor of education degree, individuals who have an abiding love for teaching can transform their ardor into a fulfilling career that also helps shape the futures of young minds. With a degree in hand, you’ll have the credentials to teach elementary-age kids and do so with the convenience of taking online classes. By enrolling in courses, participating in clubs, or volunteering, individuals can connect with people who share their passions and build a community of like-minded individuals who encourage one another to grow and prosper.

Connect With Local Resources

When moving to a new city, it can be challenging to know where to begin in terms of making connections and building a support system. To start, consider working with a real estate agent who shares your interests and can offer guidance on the local area. This can be especially beneficial if you are looking for a neighborhood that aligns with your values or comes with built-in community support. Additionally, look for community groups or organizations related to your interests or hobbies. Attend local meetups, workshops, and events to start building a community and finding your footing.

Explore Your New Community

One of the joys of moving to a new city is the opportunity to explore everything it has to offer. From scenic hiking trails to farmer’s markets and local shops, there is always something new to discover. Try to set aside time each week to explore your new home. This can help you feel more connected to the area and provide a sense of adventure and excitement.

Limit Alcohol Consumption

While it is common to indulge in alcohol when feeling uncertain or lonely, it is important to stay mindful of your intake. Medical News Today notes that drinking excessively can lead to a host of physical and mental health challenges. If you feel yourself slipping or having a hard time managing your drinking habits, it may be worth considering checking into alcohol and drug rehab centers in the US. These facilities can provide you with the support, resources, and tools you need to overcome addiction and move forward in a healthy way.

While rehab can be expensive, most rehab centers accept health insurance from major providers. Contact your insurance company to verify your level of coverage.

Adopt a Pet

Finally, consider adopting a pet after your move. Thriveworks points out that pets can provide endless love, support, and purpose in our lives. Plus, having a furry friend around can make the process of settling into a new home feel a bit less daunting. If you are unsure of where to begin in terms of adopting, reach out to local animal shelters or rescue organizations. They can help guide you through the process and help you find the perfect pet for your lifestyle and needs.

Starting anew can be both exciting and terrifying. But with the right mindset and tools in place, it can also be incredibly transformative and empowering. Stay focused on your mental health, pursue your passions, drink responsibly, and more. These tips and tricks can help you make the most of this incredible opportunity and truly thrive in your new city.

Real estate pro Carmen Micsa of Running for Real Estate shows properties, handles marketing and social media marketing initiatives, manages listings, and oversees 16 agents who work for her. Contact Carmen today to learn more! 916.342.2446

Moving, Relocation, Sacramento buyers, Sacramento real estate, Sacramento sellers, Selling Your Home, Selling your Home Faster with Staging, Selling your home in the winter, Staging Your Home for More Money

Tips for Planning a Stress-Free Move to a New State

November 3, 2022 carmenmicsa Leave a comment

Are you ready for a change? Packing up and moving to a new state is a great way to shake up your surroundings and give yourself a fresh start. Preparing for your move well in advance will ensure everything goes smoothly. Below, we discuss some tips for a stress-free interstate move.

Finding the Perfect Home

First, you need to find a new place to live. Start by researching home prices in your target area to determine the area’s affordability. Next, as you look at different cities in the state you want to move to, find a place that offers the type of lifestyle you’re looking for. Cities have different things to offer in terms of climate, culture, job opportunities, education, housing costs, airport accessibility, and entertainment. What matters most is completely dependent on your own values and interests.

Once you decide on a city, get in touch with Sacramento real estate broker/CEO Carmen Micsa, who can help you find homes for sale. Or, if you’re looking to rent, start searching for potential apartments on rental listing websites. You can also consider renting to own. Rent-to-own programs are great for people who are self-employed or working to improve their credit score and cannot yet secure a mortgage.

Starting a Business in a New State

Have you always wanted to be an entrepreneur? Moving to a new state could be a great opportunity to get out of the rat race and finally start your own business. If you want to start a business in your new state, Wave Financial suggests starting by creating a thorough business plan describing what your business offers to customers, how you intend to turn a profit, and what kind of funding you’ll need to get started. Your business plan should also include important details about how your business will be structured and the legal steps you need to take to ensure compliance with federal, state, and local laws. To learn more, check out this helpful ZenBusiness guide on how to start a company.

Planning for New Living Costs

Depending on where you’re relocating to, your cost of living might increase after your move. Take some time to research the cost of basic necessities in your new state and city. You’ll need to consider housing, food, healthcare, and transportation costs. Be sure to account for the cost of gas, car insurance, and public transit as well.

If your cost of living is going to increase with your move, now is a good time to evaluate your budget. Look for spending areas where you can cut back. For example, you may be able to spend less on groceries by shopping for in-season produce, reducing food waste, and stocking up on pantry staples when there’s a sale. You may even decide to sell your car if your new location is in a walkable neighborhood. This is a great way to cut your living costs significantly.

Planning the Big Move

Long-distance moves can be stressful. Be sure to book your movers far in advance for the best rates and to ensure services are available for your ideal move date. Pods.com suggests breaking down large items so they take up less space. You may be able to get away with a smaller moving truck this way, which can mean some significant cost savings on a long-distance move.

Adjusting to Your New Home

When you arrive in your new home, unpack your boxes as soon as possible so you can start getting settled in. While you’re at it, start working your way through your post-move checklist. For example, you’ll have to register your car, transfer your driver’s license, find a new doctor, and register to vote. When you need a break from all that, get outside and introduce yourself to your new neighbors or check out a local coffee shop. Adjusting to life in a new state can take time, so don’t rush yourself.

Whether you’re looking for a new job, educational opportunities, a lower cost of living, an opportunity to start a business, or simply a change of pace, moving to a new state can help you achieve your ideal lifestyle. Don’t let uncertainty or fear prevent you from taking this leap. While change isn’t always comfortable, it often leads to growth!

Article by guest writer Erin Reynolds with http://www.diymama.net.

For more info on running and real estate, whether buying or selling, please e-mail me at carmenmicsa@yahoo.com, or call me at 916-342-2446.

Also mention this blog and receive a great offer whether buying (credit for closing costs) or selling (commission discount).

Running for real estate with joy!

Buying and selling a home, Buying or selling, Moving, Post Pandemic Real Estate Trends, Pricing your home right, Real estate, Real Estate agent, Real estate and home ownership, Real estate market outlook, Running and real estate, Sacramento buyers, Sacramento real estate, Sacramento sellers, Sacramento spring market, Sacramento spring real estate market, Seller's market, Selling Your Home

FOUR POST PANDEMIC REAL ESTATE TRENDS

April 29, 2021 carmenmicsa Leave a comment

The Good, the Bad, and The Ugly of Our Post Pandemic Real Estate Market

I like to compare our 2021 Sacramento real estate market to one wild roller coaster ride that besides having twists, turns, and upside down loops sending thrill seekers on the verge of fear and elation, it also has unexpected highs and lows that I correlate to our high real estate prices and extremely low interest rates oftentimes below 3 percent. Our real estate market’s frenzy and desperation, especially on the buyers’ side, is directly related to the sudden decline in housing inventory at the beginning of 2021.

Needless to say, I have never experienced this bidding war before in my 21 years in the business as a real estate broker. And how ugly are these bidding wars? How much over the asking price is enough, you might ask? I have had an offer accepted for my buyers at $50,000 over the asking price, and we had to remove appraisal and loan contingencies to be the winning bid.

The good: offer accepted for my happy clients! The bad: $50,000 over the asking price no matter of the appraised value. The ugly: I have submitted about 15 offers for my buyers before their offer got accepted for $425,000, which is such a hot price point. However, with patience, perseverance, and my professional guidance, my clients are happy homeowners. And in the case of other buyers of mine, I got their offer accepted on the very first try, so some luck never hurts.

This wild roller coaster ride has resulted in the following four unique real estate trends:

Million-dollar home sales have had a 126.92% increase since last year. Additionally, as Ryan Lundquist, our local appraiser expert points out in his Sacramento Appraisal blog, there were 94.9 percent more sales above the $750,000 and 27.3 percent fewer sales under $400,000 price range. We have highs in our real estate market not seen since 2006.
The prevalence of the ADU – an Accessory Dwelling Unit is a permanent dwelling unit that may share at least one wall with the primary residence (attached) or be a stand-alone structure (detached) from the primary residence. ADUs provide permanent facilities for living, sleeping, eating, cooking, and sanitation.), or little homes built in the backyard of the main house, as the city of Sacramento is willing to approve ADUs either one home up to 1,200 sq. ft., or two homes 600 sq. ft. each depending on the lot size and setbacks. The approval of the ADUs is an important step in increasing price affordability and addressing Sacramento’s scarce inventory – see more info in my interview about the tiny homes trend with KCRA news.
The big migration, which according to a LinkedIn data, show more workers moving to smaller US cities and away from larger cities in 2020 compared to 2019. Sacramento is in top five smaller US cities as far as positive growth in inflow over outflow of workers.
Sellers’ confidence expected to grow as vaccine distribution is in full force, providing more peace of mind to sellers looking to make their move. According to Zillow economists, who show that 63 percent of sellers are also buyers, sellers’ mobility has increased for the following reasons: their desires to upgrade or upsize their homes, move to different neighborhoods, downsizing, and wanting a better work from home situation.

For more information on the ADUs and the tiny homes and what type of approval process you need to have one in your backyards, stay tuned, as I will have a meeting with the city and county officials next week!

For more inspiration on how to let “AIR,” which stands for adaptation, inspiration, and resilience guide and uplift you during these uncertain and crazy times, please consider buying my print edition or e-book The PR- The Poetics of Running, A Book of Poetry in Motion on Amazon, or buy it straight from my blog by clicking on my books link, which will take you to Amazon. A portion of the proceeds from the sale of the book is going to Girls on the Run Sacramento chapter organization.

For more info on running and real estate, whether buying or selling, please e-mail me at carmenmicsa@yahoo.com, or call me at 916-342-2446. Also mention this blog and receive a great offer whether buying (credit for closing costs), or selling (commission discount). Running for real estate with joy!

Buying and selling a home, Buying or selling, Condos and townhomes, Contract negotiating when buying or selling a home, Fixer upper, Home Improvements, Home inspections, Home maintenance, Makingyourhomeyourown, Moving, Pricing your home right, Real estate, Real Estate agent, Real estate and home ownership, Real estate market outlook, Remodeling, Running and real estate, Sacramento buyers, Sacramento real estate, Sacramento sellers, Seller's market, Selling Your Home, Selling your Home Faster with Staging, Selling your home in the winter, Staging Your Home for More Money, Uncategorized

THREE key questions to ask before buying your first rental property

November 23, 2020 carmenmicsa Leave a comment

By Katie Conroy, the creator of Advice Mine. She enjoys writing about lifestyle topics and created the website to share advice she has learned through experience, education, and research.

Photo Credit: Pixabay

With so many people investing in real estate these days, you may be thinking about taking the leap into being a landlord. It’s a move that can bring a lot of perks and profits if you plan carefully. So before you start looking for a residential or vacation rental, be sure to connect with an experienced agent from Carmen Micsa and go through these essential questions to help you make the right decisions.

What Costs Should I Be Concerned About?

If you are looking to buy an investment property, you already know that you will need to prepare for the initial cost of that home. Coming up with a reasonable price range is one of the most important financial considerations you can take when preparing to purchase a rental property, so think carefully about what your desired price range should look like. Depending on market trends in your preferred location, you could end up picking homes that are slightly above your target price and offer less, but you should research real estate trends carefully before doing so to see if a buyer’s or seller’s market exists. Keep in mind that Sacramento homes have been selling at a median price of $395,000 over the last month.

Aside from the cost of buying your first investment property, you should also be prepared for other expenses associated with owning a rental. If you are buying a vacation property, hiring a management company should be included in your budget, since an experienced property manager can provide 24/7 customer service, on-demand professional cleanings, and easy-to-understand info about bookings. By ensuring you and your guests have access to these perks, you can net more bookings and more glowing reviews.

What Upgrades Should I Be Focused On?

Chances are, you will need to make some repairs and improvements to your investment property before you list it as a vacation or residential rental. There are some pros and cons to marketing your home either as a long-term or short-term rental, so also be sure to think about these as you make your initial upgrades and repairs.

For both vacation and residential rental properties, investing in new paint for the exterior of the home can be an effective way to boost curb appeal, although this sort of improvement project can be a big job that necessitates detailed planning, thorough preparation and appropriate tools. The size of your home and materials needed will determine how much you’ll spend to freshen up your property’s exterior.

Wondering what color to use for your home’s exterior? If you want to add curb appeal to your investment property, most experts recommend shying away from bright hues and using pops of color in your landscaping or even for the front door. Speaking of landscaping, if you’re concerned about keeping your investment property secure, you can also consider using protective plants in the front yard.

What Other Steps Should I Take to Ensure Profits?

Creating a plan for your finances and home improvements can ensure some ROI for your rental property. If you want to maximize that ROI, there are some other measures you can use to attract potential renters and protect yourself from potential losses. You can start by making sure that your rental rates are not too high or low for your property and area. While you don’t want to miss out on potential profits by setting rental rates too low, you also don’t want to lose potential tenants because similar properties have much lower rental rates.

To boost profits and keep your own stress levels low, you may also want to consider using a manager to help out with your first investment property. While using a property manager means paying additional fees, the expertise and guidance you will receive in return can be well worth the added expense. Plus, you may be able to deduct management fees from your taxes as a rental property owner.

Owning an investment property can be worthwhile. You just need to take the right steps from the start. Take stock of overall expenses, necessary upgrades and get a read on what you can expect when it comes to making a profit. With a smart approach, you will see profits roll in much faster, and ensure ROI on your rental.

Whether you’re a first-time buyer, or seasoned investor, Carmen Micsa will provide you with outstanding and dedicated real estate service! Call (916) 342-2446 or email carmenmicsa@yahoo.com to schedule a meeting!

Buying and selling a home, Buying or selling, Condos and townhomes, Contract negotiating when buying or selling a home, Legal documents for your aging parents, Moving, Real estate, Real estate and home ownership, Real estate market outlook, Running and real estate, Sacramento buyers, Sacramento real estate, Sacramento sellers, Sacramento spring market, Sacramento spring real estate market, Seller's market, Selling Your Home, Selling your home in the winter

Legal Documents You Need for Your Aging Parents

March 2, 2020 carmenmicsa Leave a comment

By Arthur Bretschneider, CEO & Cofounder, Seniorly.com

As your parents grow older, it’s important to make sure you will be able to step in if they become unable to make medical or financial decisions on their own. It’s also critical to ensure you have the legal documents needed to make sure their end-of-life wishes are carried out. The team at Seniorly.com has put together a list of essential legal documents every aging adult should have. If your mom or dad doesn’t already have them in place, discuss the need for them as quickly as possible.

Legal Documents to Obtain Before Your Parent Moves to Assisted Living

Before your parent moves into an assisted living community, part of the admissions process will involve preparing specific legal documents. Make sure you have this paperwork in place before they make their move.

HIPAA Authorization Form

The Health Information Portability and Accountability Act, often simply known as HIPAA, lays out legal standards for ensuring an individual’s health records and information are kept private. This means that healthcare professional can’t share information with you about your parent unless they have provided you with written consent for you to receive this information. A HIPPA authorization form is a straightforward yet critical document for parents to complete. This form authorizes doctors, medical facilities, and other healthcare professionals to keep you and other family members your parent approves informed on their medical status. Most doctor’s offices have them on hand, and they only take a few minutes to complete.

Durable Financial Power of Attorney

A durable financial power of attorney provides you or another appointed agent the authority to take care of financial transactions on your parent’s behalf. Keep in mind, your loved one has to be mentally competent when the document is created. The durable power of attorney differs from a standard power of attorney in that it will remain effective even when your parent is unable to make decisions. When your parent passes away, this document is automatically terminated.

Durable Medical Power of Attorney

A durable medical power of attorney names at least one person to make medical decisions on your parent’s behalf if they’re unable to communicate or make decisions on their own. It’s wise to have more than one agent in case one cannot be reached when there’s an emergency. Take time to discuss your parents’ wishes on critical medical decisions in advance so you are able to carry out their wishes if they become too ill to direct their own medical care.

Physical Assessment Form

Before your aging parents enter an assisted living community, their doctor will be required to complete a physical assessment form. It provides information relating to your parent’s medical history, current diagnoses, behavioral or cognitive status, and sensory or physical limitations they may have. Within the assessment, the physician can also indicate what therapy or medical services are needed by your loved one, as well as information on the amount of assistance that may be necessary with self-care and daily living tasks.

Legal Documents for End of Life

A few specific legal documents are needed to dictate your loved one’s end-of-life wishes as well as what happens to their estate when they are gone.

Living Will

A living will, often called an advanced directive, allows your parent to record their wishes for end-of-life care. It keeps family members from having to agonize over tough medical decisions in the future. Your parent can use a living will to make it clear whether they would like life support to be used in the case of a permanent coma, persistent vegetative state, or terminal condition. It can also be used to specify in which situations they would like to receive water and food via feeding tube, and when they’d like to be provided with comfort care.

Last Will and Testament

A last will and testament states what happens to your loved one’s assets after they pass away. It can include their property, money, estate, and possessions. Failing to have a will means that the government will determine how to divide your parent’s property, regardless of their wishes. When creating a last will, they’ll need to list beneficiaries and appoint an executor and alternate executor. By drafting a last will and testament, parents ensure their estate is taken care of according to their wishes instead of the will of the government.

DNR

A Do Not Resuscitate or DNR document informs medical professionals that your parent does not want cardiopulmonary resuscitation (CPR) or advanced cardiac life support if their heart stops or they stop breathing. A DNR differs from a living will in that it’s a medical order actually written and signed by a physician, making it a legally recognized medical order. In some states, the Physician Orders for Life-Sustaining Treatment (POLST) serves the same function as a DNR form.

Three of the Best Home Improvement Projects to Increase Your Resale Value

May 14, 2019 carmenmicsa Leave a comment

Increasing the resale value of your home is a good idea, regardless of when you plan to sell. Many homeowners complete DIY projects to save money; after all, it’s cheaper to purchase materials and do the labor yourself than hiring a contractor. But, homeowners save money on improvements only when the projects are within the scope of their capabilities. To help you get the most out of your improvements, we suggest both DIY and professional projects.

1. Make Roof Repairs

Making repairs to your home is important not only for maintenance purposes, but also to show potential buyers that you have been taking care of your home and preventing damage. One such repair is fixing your roof. Buyers shy away from homes that need roof repairs and new roofs because they fear a large expense immediately after investing in a home.

When you repair your roof, you not only prevent water damage, but you also attract more buyers who appreciate that you have taken care of the repair. You’re more likely to sell your home quickly when you repair the roof, and you are much more likely to get your asking price, too.

Of course, making roof repairs or replacing your roof is a home improvement project best left to the professionals. When hiring a roofing contractor, you should take the time to ensure you choose a reputable one.

Watch out for traveling contractors or those that come to town immediately after a storm assuming that you have roof damage. Get bids from several reputable, local firms and ask for references that you can call to ask questions.

2. Update Your Lighting Fixtures

One simple DIY home improvement is updating your lighting fixtures. Old fixtures date your home and don’t deliver the fresh look potential buyers seek. There are several ways to update your lights, from spray painting them to change the finish to completely replacing them. In fact, Good Housekeeping shares nine DIY ways to transform lighting fixtures for homeowners who do not want the expense of buying new ones.

If you do opt to replace your lighting fixtures, make sure you put safety first by turning off the light at the breaker box instead of flipping the wall switch off. You also should test the wires with a circuit voltage tester from a hardware store before doing any work.

Also, make sure that you replace a fixture with the correct wattage bulbs and avoid exceeding the maximum wattage of the fixture. And, always have an assistant to hold the fixture while you wire it or attach it to the ceiling.

3. Update Your Kitchen

Kitchen updates are one of the best ways to increase the resale value of your home because people use this room more than any other room in the house. Potential buyers look for updates such as stone countertops, tile backsplashes, islands, and high-end appliances. So it goes without saying that a kitchen remodel can be quite the undertaking.

Because an entire kitchen remodel gets to be costly, decide which projects fall within your budget and which you are comfortable completing yourself. For example, you likely can handle giving your kitchen a fresh coat of paint or installing a tile backsplash.

But, these projects can be overwhelming and costly if you do them incorrectly. Planning ahead when attempting DIY projects can save you a lot of time and money. When in doubt, consult your real estate agent to help you determine what’s worth upgrading.

There are several DIY and professional home improvements that will increase your home’s resale value. Hire a roofing contractor to repair or replace your roof if necessary. Then, update your lighting fixtures and your kitchen by practicing a project you’ve never done before and hiring pros to complete the ones that you can’t handle.

Article written by guest writer Erin Reynolds with www.diymama.net.

Now that spring is here, I have special incentives for buyers and sellers, such as money back towards closing costs and reduced commission when selling, so please mention this blog and you will also receive a free market analysis of your home, no strings attached.

To search free listings, please go to http://www.dynamicsacramentohomes.com.
For more info on running and real estate, whether buying or selling, please e-mail me at carmenmicsa@yahoo.com, or call me at 916-342-2446. Running for real estate with joy!

Buying and selling a home, Buying or selling, Fixer upper, Moving, Remodeling

First-Time Homebuyers: This Is What It Takes to Tackle a Fixer-Upper

April 2, 2019 carmenmicsa Leave a comment

Photo by Pixabay

As a first-time homebuyer, you are probably already well aware of how difficult it is to find a home that checks all your boxes. You’ve been looking at move-in ready homes, but have you ever considered a fixer-upper?

Buying a fixer-upper has benefits, one of which is that it is a true blank canvas for you to create and design the home you envision in your head. First-time buyers are generally on the lookout for bargains, and the fact that many buyers aren’t interested in putting in work to fix up a home means you can get a fixer-upper for a lower price with minimum competition. It all sounds easy enough, but a fixer-upper requires hard work, time, and investment. If it sounds like a challenge you’re willing to take on, the following tips will help you through the process.

Go Over It with a Fine-Tooth Comb

Remember, not all fixer-uppers are created equal. Just like there are things you look for when buying a home, the same applies to fixer-uppers. Start by examining the layout, as you want a home that flows easily. Whether you plan to sell the home after it’s finished or later on down the road, you want the home to have desirable features. However, don’t let your vision cloud what’s in front of you. Examine the condition the home is in including the electrical, HVAC, plumbing, foundation, roof, and windows. If it’s an older home you’ll need to be wary of lead-based paint and asbestos. Don’t forget to check out the curb appeal as well. The exterior of the home will need work too, but it should have potential.

Calculate the True Cost

When it comes to a fixer-upper, the purchase price is the first of many expenses you’ll incur. Decide what you can DIY (and price the supplies and time) and have a contractor walk through your home to estimate renovation costs — you’ll be surprised how quickly it adds up. According to Improvenet, the average cost to remodel multiple rooms is $35,000 depending on the particular project and materials needed, but this doesn’t factor in unforeseen problems that can pop up when dealing with a fixer-upper. Factor in costs for inspections and permits before calculating your offer using this equation: fair market value (what the home is worth in good condition) minus the upgrade and repair costs. The number you arrive at isn’t set in stone, and Nolo recommends that you bid lower than the maximum so that you don’t put sweat and money into a home that you could have purchased move-in ready for the exact same price.

After You’ve Bought It

Once you’ve bought your fixer-upper, the real work begins. For the projects you know need a professional’s touch, start making calls, but don’t ask for estimates. With a contractor, you set the budget and what you’d like done and a contractor will provide you with a plan, time frame, and what your budget allows. This is also where you decide how you want the remodel to go. If you can afford to continue living in your old residence or rent elsewhere, the remodel can be done all at once. If this isn’t the case, you may need a gradual remodel that allows you to move room to room while the fixes are being made. Don’t let all this talk of contractors and keep you from getting your hands dirty. Invest in a few essentials such as a cordless drill for removing old hardware or an oscillating multi-tool to remove grout and caulk or sand surfaces to paint.

Taking on a fixer-upper is a challenge, but it is a wonderful adventure too. If you’re a first-time homebuyer on the market for a fixer-upper, make sure you examine potential homes from top to bottom so you don’t bite off more than you can chew. Add up the total investment cost before purchasing, recruit a contracting team, roll up your sleeves, and get to work!

Article written by guest writer Erin Reynolds with http://www.diymama.net.

For more info on running and real estate, whether buying or selling, please e-mail me at carmenmicsa@yahoo.com, or call me at 916-342-2446. Running for real estate with joy!

Bedroom remodel, Buying and selling a home, Buying or selling, Contract negotiating when buying or selling a home, Moving, Pricing your home right, Real estate, Running and real estate, Sacramento buyers, Sacramento real estate, Sacramento sellers, Staging Your Home for More Money

How to Plan a DIY Bedroom Remodel

October 15, 2018 carmenmicsa 1 Comment

A dated bedroom can age your home in an instant. Remodeling is a great way to upgrade the aesthetics of your bedroom, but that’s not the only reason to give your bedroom a facelift.

In fact, an updated master bedroom can also make it easier to sell your home and you’ll see a 40 to 80 percent return on investment when you do. While that’s less than the ROI on kitchen and bathroom remodels, bedroom remodels are also much less expensive.

On average, bedroom remodels cost about $10,000 to $30,000, with additional expenses for high-end upgrades. Completing the remodel yourself brings the cost down significantly. However, DIY remodeling comes with challenges of its own. Without pros to handle the planning, purchasing, and renovating for you, it’s up to you to manage and execute the project.

Use this guide to plan your DIY bedroom remodel so it’s a smooth process from start to finish.

Choose a Style

Before planning projects and shopping for materials, you need a vision of how you want your bedroom to look. If you intend to sell your home in the future, choose a style with resale value in mind. The style should be both soothing and cohesive with the rest of your home’s interior design. It should also include the features that buyers want in bedrooms, such as built-in storage and plenty of natural and ambient lighting. For inspiration, check out these bedroom before-and-after pictures from Architectural Digest.

Plan Projects

With a vision in mind, list the projects that will get you there. Remember that for a DIY remodel, you need to stick to projects you’re confident you can complete.

These projects are ideal for a DIY remodel:

● Repainting
● Installing trim and molding
● Updating lighting fixtures and ceiling fans
● Replacing carpeting or flooring
● Adding built-in storage
● Installing a new closet door
● Replacing furniture, linens, and window treatments

Things you shouldn’t do yourself include installing new electrical fixtures, moving walls, adding or moving windows, and installing gas fireplaces.

Set a Budget

Next, decide what you’re able to spend on a remodel. Your budget should reflect the value of your home and your personal financial situation. Zillow recommends basing your budget on the value of the room as a percentage of your overall house. It’s not necessary to pay cash for home renovations, but if you choose to finance, ensure the payments fit within your budget.

Price Out Projects

Now that you have a plan and a budget, it’s time to determine how much each project will cost. Research costs for construction materials as well as new furniture and décor, keeping your budget in mind as you select options. Don’t forget taxes and shipping costs in your calculations.

With a list of projects and prices in front of you, revisit your budget. Do your plans fit within the constraints of your budget, including a buffer for unexpected costs (Curbed suggests 5 percent, but if it’s your first DIY remodel you might want a bigger cushion)? If not, you’ll either need to cut low-priority projects or find ways to reduce costs, such as choosing less expensive materials. However, be mindful of cutting too much: It’s better to do a few projects to a high quality, saving the rest for later, then to end up with sub-par results.

Get to Work!

With your project planned down to the penny, you’re ready to get started. Stay flexible as you remodel — you never know what kind of unexpected surprises could pop up — but avoid deviating from the original plan too much. By planning carefully and following through on that plan, you can achieve a DIY bedroom remodel that fits your vision and your budget.

Article written by guest writer Erin Reynolds with www.diymama.net.

For more info on running and real estate, whether buying or selling, please e-mail me at carmenmicsa@yahoo.com, or call me at 916-342-2446. Running for real estate with joy!

Buying and selling a home, Buying or selling, Moving, Pricing your home right, Real estate, Sacramento buyers, Selling Your Home, Selling your Home Faster with Staging, Staging Your Home for More Money, Tips for a Successful Open House, Uncategorized

Selling Your Home Faster and for More Money with Staging – Tips for a Successful Open House

September 21, 2018 carmenmicsa 1 Comment

Photo credit: Pexels.com

Staging is the key to a successful open house

Holding an open house is no guarantee that your home is going to sell and more often than not sellers end up feeling disappointed after the big day has come and gone. Simply opening up your home to buyers isn’t enough. First, make a few simple changes to boost your home’s buying potential. Too many sellers neglect these easy open house preparations that will make a huge difference.

First Impressions

No matter how much time and money you spend fixing up the inside of your home, it’s the outside of the house that potential buyers are going to see first. Never underestimate the importance of first impressions, particularly in home-selling.

Wash the outside of your home. According to HGTV, this can give you a big boost of curb appeal. Clean out the gutters, wash the windows and make sure the front door is nice and clean. Repaint the door and window trim if needed. A set of brand-new house numbers may also be in order, an inexpensive way to make your home look nice and fresh.

Spruce Up Your Lawn

Curb appeal will get people in the door of your house, and that’s how you find buyers. Make your home look so appealing that house hunters can’t resist. Start by making your lawn look amazing. Mow the grass, get rid of leaves and make sure there are no weeds. Give attention to your flower beds and landscaping. According to House Logic, fresh mulch and nicely pruned shrubs go a long way toward boosting your curb appeal.

Add some pops of color to your landscaping. Plant a few flowers in bright hues of yellow and orange. They will quickly catch the eyes of potential homebuyers. Pansies, tulips and geraniums are easy to find everywhere and grow in pretty, vivid shades.

Consider having the driveway repaved. It’s not as expensive as you think to have fresh asphalt put down and this will greatly increase your curb appeal. A nice, new driveway makes a huge impression.

Don’t forget the mailbox. Clean it or repaint it to make the mailbox look new, and add a pretty border of flowers around it.

What Else Curb Appeal Can Do

Great curb appeal doesn’t just get people to notice your home, but also it can actually increase the resale value of your home, according to Forbes. The money you put into landscaping will actually go back into your pocket when you sell your property, so it’s worth it to put extra care and attention into this detail.

Plant shrubs to fill in empty spaces and bare areas. Shrubs are relatively inexpensive and easy to plant, and you can buy them full-grown so you don’t have to wait for the fruits of your labor to appear.

Use Staging for Selling Success

Once you get buyers in the door of your home, make sure they like what they see. With a little bit of simple staging, you can encourage people to start bidding on your property.

First, remove clutter and knickknacks. Potential buyers want to see a simple design so they can imagine their own belongings, not your favorite family photos. Stick with simple furnishings, but don’t make the interior of your home too bare. Add some colorful pillows to the sofa, put a pretty vase of fresh flowers on your kitchen table and leave just a couple of small appliances on the kitchen counter. Display guest towels in the bathroom, and make up all the beds with beautiful linen and blankets.

Have an Easy Open House

Make some simple preparations before the big day will help you to impress potential buyers. Focus on your curb appeal, stage your rooms, and you will get the results you want.

As a real estate broker working with many sellers and buyers and owning my own company, I can offer a commission discount or two months of free staging for new clients who mention this blog. Some conditions and restrictions apply! When you work with the best, you get the best, so feel free to call me at 916-342-2446, or e-mail at carmenmicsa@yahoo.com. To search online and get free listings, go to www.dynamicsacramentohomes.com.

Author

Suzie Wilson is an interior designer with more than 20 years experience. What started as a hobby (and often, a favor to friends) turned into a passion for creating soothing spaces in homes of every size and style. While her goal always includes making homes look beautiful, her true focus is on fashioning them into serene, stress-free environments that inspire tranquility in all who enter. The Ultimate Guide to Prepping Your Home for an Open House is filled with tips, tricks and other advice based on Suzie’s years of experience in interior home design that will set you up for success.

Buying and selling a home, Buying or selling, Contract negotiating when buying or selling a home, Life after Death, Moving, Pricing your home right, Running and real estate, Sacramento buyers, Sacramento real estate, Sacramento sellers, Sacramento spring market, Sacramento spring real estate market, Seller's market

Life After Death: A Wellness Guide for the Bereaved When Moving, Buying, or Selling a Home

February 7, 2018 carmenmicsa Leave a comment

Photo Courtesy of Unsplash

Moving Forward During Bereavement

By Lucille Rosetti, contributor and writer to Runningforrealestate

There can be many benefits to moving locations after enduring a significant loss. A new home can offer a change of scenery and fresh start, one you can make new memories while still cherishing old ones.

Here are a few things to consider, if you think you are ready to relocate after losing a loved one.

While buying and selling a home is an action that requires a lot of thought, in order to get through it with as few headaches as possible, you should hire a qualified real estate professional.

You should then spend time researching where you would like to move so you feel comfortable embracing the added change. If possible, rent instead of buying to give yourself some flexibility in decision making, as it can take time after a loss to think clearly enough to make such a permanent commitment. Lastly, develop a budget you feel comfortable staying within both in your search and sale — and stick to it.

As you prepare to move, you might find the idea of packing and downsizing difficult. Deciding which of your departed loved one’s items to keep or discard is an important step in one’s grief. Keep anything you think may provide you with comfort, and when in doubt, know that you can always get rid of it later. The grieving process is different for everyone, so do what you feel is best for you.

If you’re reluctant to throw away their belongings, but also don’t want to keep them, consider passing them on to other family members who may enjoy having them. You can also repurpose items in a way that allows you to make your loved one feel included in your new home. This can be done by making an album out of photos instead of showcasing them throughout the house, or taking samples of some of their favorite things and creating a memory box with them.

Forbes magazine recommends blocking off a chunk of time in which you can focus exclusively on that single task. If it is too hard for you to take on alone, ask for help. As you go through the packing process, make sure you label everything that is in each box so that unpacking is easier on you. Use clothes, towels, bed linens, and old newspapers as an affordable way to prevent delicate items from breaking.

If you’re moving during the school year, chances are it will be a bit difficult for your kids. However, with the right support system in place, you can help make the adjustment smoother for them. Communicate with the school via their teacher, counselor and or administrators on any special needs your child may have as well as the context of the recent move. Find similar activities for your kids to engage in. When your children share their feelings, make sure you try to understand what they’re going through and be sympathetic even though you’re going through your own transition and change, according to The Spruce.com.

It’s crucial you keep an open dialogue so your kids feel they can communicate with you about how they’re coping. It may also help to encourage them to keep in touch with their friends from their old school so they don’t experience additional loss.

While it won’t be an easy experience, if you feel moving away from your old home will help you and your family in their grief, you should rest easy in that decision. Take the appropriate amount of time off for them to gain a sense of closure and find points of interest in the new residence that may excite them. In time, your pain will be transformed into a fond memory of your loved one.