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4 Projects That Will Increase Your Home’s Value

Monday, December 31, 2018

When selling your home, you want a great deal. You want to receive an offer that reflects the value of your home. And, in addition, you also want to create a space that potential buyers will fall in love with. To do this, you want your home to be in tip-top condition. While there are a number of possible projects and upgrades you can complete, some of them will pay off more than others. Here are four projects you should consider if you want to improve your home’s value.

1. Energy-Efficient Windows

While energy-efficient windows do not drastically change the look and appearance of a home, they are a major selling point. This is because they are expensive and inconvenient to install but they can save a significant amount of energy and decrease your energy bills. Energy-efficient windows can cost you between $200 and $800 per window but you can receive up to 80% of your investment back when selling your home.

2. Kitchen Remodels

Updated kitchens are not only a perk for many buyers but it is where you can receive the biggest return on your investment. Plus, you don’t need to knock down walls and install new cabinetry. You can do little things such as refinish or paint cabinets and walls, add new hardware, install a new backsplash, or replace old appliances. These are projects that will not only improve your home’s value but attract many buyers to your home as well.

3. Improve Your Landscaping

If you have a yard, you want to make sure it is in excellent condition when placing your home on the market. Make sure the grass is mowed, the flower beds look great with plants and flowers, bushes and trees are trimmed, etc. If you have a swimming pool, make sure this area is staged well and fix cracked or broken bricks, repair pathways, update lighting, etc. If you do not have time to take care of your home’s exterior, hire a professional to do so.

4. Update Your Front Door

Your front door welcomes buyers into the home. When this door is old, in poor condition, and has little curb appeal, buyers will expect the rest of the house to be the same. But, when you have a beautiful front entryway, buyers will be more anxious to see the rest of the home. If you do not have the money for a new front door, consider painting your current one and installing new hardware.

For more expert advice on selling your Miami home, reach out to Carla at Global Life Realty. She can answer your questions and help you receive a great deal on your property.


Questions You Should Always Ask Before Hiring a Real Estate Agent

Monday, December 24, 2018

There are dozens of real estate agents in Miami and the surrounding area. So, how do you determine which is the best agent for you? Asking the right questions before hiring a real estate agent will ensure they meet the qualifications you are looking for, have the experience to handle many headaches and stressors that come your way, and can keep the entire process enjoyable. Here are several questions you should always ask before hiring an agent.

What is Your Experience?

Experience should be one of the most important qualities you consider when looking for a real estate agent. There are many obstacles and challenges that can occur whether buying or selling a home and you want someone who has overcome these issues and can help you navigate them with ease.

Can I Contact Previous Clients?

Talking to past clients will help you determine the work ethic, trustworthiness, and credibility of your agent. This will also give you confidence that you made the right decision with such a large investment. And if the agent will not provide any referrals, it may be a red flag.

What Was One of the Hardest Challenges You Faced as an Agent and How Did You Overcome It?

This question will not only tell you how the real estate agent handles some of the tough decisions that come their way but also if your personalities will work well together. A house is a large investment and it is critical that you make decisions that you feel are best. If you disagree with your agent’s choices during previous real estate transactions, you likely won’t be happy with their help with yours either.

How Long Does Your Average Listing Stay on the Market?

You want to sell your home quickly in Miami. To do this, you need a real estate agent who is trained and has the expertise to promote a home well, along with a strong network to share the listing with. Keep in mind, however, that this number will change depending on the location of the home, its price, and the current real estate market.

Why Should I Hire You?

In many situations, it is best to ask an agent what separates them from the competition. Why should you hire them instead of the real estate agent down the street? Find out what makes this particular agent different and how they can help your specific situation.

The right real estate agent can make your home-buying or selling experience hassle-free and enjoyable. If you are ready to have an incredible buying or selling journey, contact Carla at Global Life Realty. Give her a call today and find out why she stands above the competition.


Cost-Friendly Tips for Creating the Perfect Master Bedroom

Monday, December 17, 2018

Whether you recently purchased a brand new home or you are looking to upgrade certain areas to attract potential buyers, the master bedroom is one room that needs a little TLC. This room is where you will spend a significant amount of time and the good news is, you can create a beautiful, aesthetically-appealing space without spending a lot of money. Here are a few cost-friendly tips for creating the perfect master bedroom.

1. Focus on the Lighting

A well-lit master bedroom is inviting and cozy. As you design this space, update this room’s light fixture to a more modern and energy-efficient appliance. You can choose a device, such as a chandelier that can become a statement piece or consider a fixture with a dimmer, which gives you more control over the light in your room.

2. Choose Light Colors

Light colors such as grays, blues, greens, yellows, and tans are excellent paint colors for a bedroom. The bright colors help the room appear more warm and welcoming. Dark and bold colors can make the room appear dark and dreary. If you really want to incorporate dark colors in your color scheme, use them as accent colors. You can then incorporate them in your bedspread, rugs, pillows, etc. for added effect.

3. Add New Window Treatments

Opening the windows and letting in as much natural sunlight as possible will help boost your energy levels and can make you feel happier. Choose window treatments that are easy to open and that help give your room a cohesive look. If you need more color or texture in your room, choosing the right curtains is a simple and fast way to do so.

4. Hang a Large Mirror

A large mirror with a decorative frame is not only excellent wall décor, but this item can help make a room appear bigger and brighter. This is because the light reflects off of the mirror, creating the illusion of a larger, brighter space. Just be mindful that you don’t choose a mirror that is too large for the room as it will create the opposite effect.

By implementing the above ideas into your master bedroom, you will create a space that you and potential buyers will instantly love. For help selling your home, or if you have any questions about how to make your home more appealing to potential buyers in Miami, talk to Carla at Global Life Realty. She can help you sell your home quickly with optimal results.


How Much Home Can You Truly Afford?

Monday, December 10, 2018

Purchasing a new home is an exciting time in life. It is a goal that many individuals spend years trying to achieve. However, by purchasing a home that is out of your budget or rushing into the home-buying process too quickly, you may find yourself in financial trouble. But, how do you know how much home you can actually afford? Let’s take a look.

Determine Your Combined Monthly Income

One of the most important steps you will take before you begin looking at homes is to know your combined household income. Know how much money you and your spouse bring in every single month. This number is your base number and will be used for many different aspects of the home-buying journey from determining how much you can afford to your eligibility for a mortgage.

Learn the 28% Rule

The 28% Rule states that you should not pay more than 28% of your combined monthly income on your mortgage and homeowner costs such as utilities, insurance, taxes, etc. Additionally, keep in mind that if you are not paying the full 20% down payment, you should factor in a PMI each month as well.

Because you won’t know the exact cost for homeownership each month, determine 20% to 25% of your monthly income and do not purchase a home where your monthly mortgage payment will be greater. In Miami, the average income is $52,300. This means that you want to keep your monthly mortgage payment between $870 and $1089.

By being more considerate with your home purchase, you will have less financial strain and feel more comfortable with your personal finances.

Use an Online Calculator

Every family’s financial situation is different. Many individuals live more comfortably and have less debt, while others are living paycheck to paycheck. To help you determine your own personal situation and how much house you can afford, there are many online calculators and tools. Many online calculators ask you to enter specific information to get a more accurate estimate for your own circumstance. A few online calculators you may consider include:





Talk to a Lender

The more accurate and efficient way to determine just how much home you can afford is to speak with a lender. There are many factors that will determine your mortgage payment and the amount of house you can afford including your down payment, credit score, monthly income, debt-to-income ratio, and more. A lender can look at all the pieces to help you determine if purchasing a home is in your near future.

Once you have determined just how much house you can afford, contact Miami real estate agent Carla Oliva at Global Life Realty. She can help you find a Miami dream home that falls within your budget.


Reasons Why Your Home Isn’t Selling

Tuesday, December 04, 2018

Selling a home can be a stressful experience, particularly if you have received very little interest in your property. No matter the reason for selling your home, you don’t want to decrease the price and make a poor deal just to eliminate the burden. Let’s take a look at a few common reasons why your Miami home may not be selling and what you can do about it.

The Price is Wrong

The price of your home will either attract potential buyers or quickly turn them away. While you want to make the most money from your property, by pricing the home too high, you discourage potential buyers. However, by pricing too low, you hurt yourself. Work with an experienced real estate agent, to accurately price your home. She can provide a comparative market analysis to help you accurately estimate the value of your property and set a price that will make both you and the buyers happy.

The Condition is Poor

The condition of the home is one of the greatest influences in whether a property sells or it sits on the market for several months. Most homebuyers in Miami are looking for properties that are move-in ready. They don’t want to settle into a house with a long to-do list. Closely evaluate your home and determine where upgrades could be made that will not only improve the value of your home but also the aesthetic appeal. And don’t just focus on the interior of the house either. The curb appeal of the property is the first thing potential buyers will notice as they drive up to it.

The Home is Messy

Properly staging the property takes time but it can provide amazing rewards. When you declutter, clean, and stage your home, you create an atmosphere that buyers can envision themselves living in. When the house is dingy, dark, and cluttered, it makes the buyer believe the home has received very little care and they won’t want to stay. If you have questions about how to stage your property or ways to improve your current home staging, talk to your real estate agent today.

You Are Selling the Home on Your Own

Some individuals choose to sell a home on their own to avoid working with and paying a real estate agent. However, this decision can directly affect the sale of their home. These individuals do not have the resources, training, or network to sell quickly and when issues do arise, it can take them longer to work through.

While the market can make a difference and some homes just take longer to sell, you can make a difference from the very beginning of the home-selling process. Talk to Carla at Global Realty and let’s see what she can do to sell your home quickly and at a price you love.


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