Lori Blank & Associates

06

Nov

Real Estate

Is Renovating Before Listing A Smart Investment or Unnecessary Expense?

When preparing to sell, many homeowners consider renovations to boost their property’s appeal and value. While updating a home can make it more attractive to buyers, it’s crucial to weigh the potential benefits against the costs. Here’s a look at the pros and cons of renovating before listing to help you make an informed decision. The Pros of Renovating Before Listing Increased Market Appeal Renovations can make your home more attractive to a wider range of buyers. Modernized kitchens, bathrooms, and updated living spaces create a positive first impression, increasing the home’s overall appeal. Higher Sale Price A well-renovated home…

05

Nov

By Lori Blank

Homebuyer Tips

How Long Does It Really Take to Buy a House?

The home-buying journey is thrilling but can take longer than expected, especially if you need to restart after a purchase falls through. So, how long should you plan for? Generally, you can expect the process to take around four months, divided into three main phases: the search, the offer, and financing. Phase 1: The Search Finding the right home is a major step that often takes the longest. According to the National Association of Realtors, most buyers spend between four and ten weeks searching. Internet-savvy buyers usually take closer to ten weeks, while those relying on in-person tours tend to…

04

Nov

By Lori Blank

Financial Reports

What’s Ahead For Mortgage Rates This Week – November 4th, 2024

This week, the Federal Reserve’s preferred inflation data was released, and the results met expectations. This, along with recent GDP estimates, employment reports, and personal income/spending figures, paints a stable economic picture. It suggests that we may be on track for the Federal Reserve’s next round of rate cuts. The Federal Reserve has consistently stated its 2% inflation target and current figures show inflation at 2.1%. This indicates that a 'soft landing' for the economy could be within reach. PCI Index Prices in the U.S. rose modestly in September, but not enough to suggest inflation is rekindling or to prevent…

01

Nov

By Lori Blank

Real Estate Tips

Small Home Repairs That Can Raise Your Sales Price

When selling your home, even minor repairs can make a big impact on its value and appeal to buyers. Addressing small issues before listing your property can help you stand out in the market and potentially increase your sales price—without needing to spend much. Here are some small but effective repairs that can help you make a lasting impression on buyers. 1. Fix Leaky Faucets and Plumbing One of the first things buyers tend to notice during a home tour is how well the property has been maintained. Leaky faucets, slow drains, or minor plumbing issues may seem insignificant, but…

31

Oct

By Lori Blank

Real Estate

Spooktacular Ways to Raise Your Property Value This Halloween

As the leaves turn and the air gets crisp, many of us start thinking about renovations that can make our homes more appealing—especially with Halloween right around the corner! Whether you’re preparing for spooky festivities or planning a future sale, the right renovations can turn your home into a valuable gem. Let’s dive into some hauntingly good renovations that can raise your home’s value without leaving you in a fright! 1. The Heart of Your Haunted Home The kitchen is often seen as the heart of the home, and it’s no ghostly myth that an updated kitchen can be a…

30

Oct

By Lori Blank

Home Buying Tips

Building Good Relationships and Getting to Know Your New Neighbors

Moving into a new home is an exciting milestone, but it’s important to remember that making the house feel like home involves more than just unpacking boxes. Building good relationships with your neighbors can help you settle in more quickly and foster a sense of belonging in your new community. Here are a few simple but effective ways to get to know your neighbors and create a welcoming environment. 1. Break the Ice with a Friendly Introduction It may seem old-fashioned, but a warm introduction can go a long way toward building rapport. Whether you’re moving into a bustling city…

29

Oct

By Lori Blank

Real Estate Tips

Why Splurging for a Larger Home Beats Condo Living

As a first-time homebuyer, one of the biggest decisions you’ll face is whether to buy a cozy condo or invest in a larger home. Both options have their perks, and while condos may initially seem more affordable and convenient, opting for a larger home can offer significant long-term advantages that make it a better investment. Here’s why splurging on a larger home might be the right move for your future. 1. More Space, More Flexibility One of the most compelling reasons to choose a larger home over a condo is the space it provides. A condo may feel just right…

28

Oct

By Lori Blank

Financial Reports

What’s Ahead For Mortgage Rates This Week – October 28th, 2024

This week saw relatively light activity, primarily focused on discussions with the Federal Reserve Board. The only truly notable report released was the Consumer Sentiment Report, which happily reported that sentiment had risen for the month of October. Meanwhile, the Federal Reserve’s latest Beige Book survey noted a slight decline in manufacturing activity. Consumer Sentiment (Final) Confidence among Republicans in a potential Donald Trump victory helped drive consumer sentiment to a six-month high less than two weeks before the U.S. presidential election. The University of Michigan reported on Friday that the initial October reading of consumer sentiment rose to 70.5,…

25

Oct

By Lori Blank

Selling Your Home

Clutter vs. Clear Space When Making Your Home Buyer-Ready

When it comes to selling your home, one of the biggest hurdles many people face is clutter. After years of living in the same space, it’s easy to accumulate items that hold sentimental value, making it challenging to let go. However, clutter can significantly impact how potential buyers perceive your home, even if you don’t realize it. Here’s how to tackle clutter in various areas of your home to create a welcoming environment that attracts buyers. The Emotional Attachment to Clutter It’s common for homeowners to feel emotionally attached to their belongings, making it hard to view their space objectively.…

24

Oct

By Lori Blank

Real Estate Tips

Tips for Families Thar Are Preparing for a Move

Moving to a new home can be an exciting adventure, especially for families. However, for children, it can also bring a mix of emotions. As a parent, you play a crucial role in helping your kids transition smoothly. Here are some strategies to prepare your children for the big move while also navigating the process effectively. Announce the Move Positively Your current home may hold cherished memories for your children, and it’s likely the only place they remember living. To help ease the transition, share the news of your move in an upbeat manner. Highlight the positive aspects of your…