Twila Palmer - Westford Real Estate | Westford, MA Real Estate, Chelmsford, MA Real Estate


While home remodeling can be about getting your home some major cool points, you really want to be focused on the home remodeling projects that will provide you the greatest amount of return on your investment. There are certain home remodeling projects that just aren’t worth it. Others will help the value of your home truly soar. It’s important to invest your money carefully and thoughtfully. If you know that you’re moving in the near future, you may not even want to undertake remodeling projects for fear that they won’t be worth it. There are certain projects that are absolutely necessary for you to complete if you hope to get the top value for your home. You don’t ant to put in thousands of dollars with no sign of return for your investment. 



Think Simple


You don’t need to get complex when it comes to remodeling your home. Take a look at what needs help on the surface. This will include things like new kitchen countertops, replacing sinks, cabinet refacing, or floor retiling. Don’t bother with huge structural changes to the home. Also, keep in mind that someone else has a different taste than you. Keep things neutral. You might love a bright yellow kitchen, but it’s certain that the next owner will probably have a different preference. 


Work With What You Have


While you may wish that you had a lot more space and hope to put an addition on the home, the next owners could have a different vision. While there will be more square feet of living space, many buyers look at a home’s potential for them. There’s no sense in starting a bunch of huge construction projects that will only become a costly source of stress. 


Make The Necessary Repairs


Buyers will love a home that has a fairly new roof over one that will need a roof replacement within a couple of years. You should fix the things around the home that need to be tended to. This includes window replacements, roofs, electrical outlet work, and major yard issues. 


Don’t Forget The Outdoors


It’s important for your home to look good from the outside as well. Buyers appreciate a home that has been well taken care of. Take the time, money, and effort to keep up your lawn and outdoor landscaping. Planting some greenery around can never hurt. While new owners may have different tastes than you, it’s always a bonus to move into a house and have a little less work to do on the outside!


If you’re planning on buying a home in the near future and are confused about many of the terms associated with mortgages, you’re not alone. Real estate is its own industry with its own set of processes, terms, and acronyms. If you’re new to the home buying process, there can be somewhat of a learning curve to understand what each of these terms means.

Since buying a home is such a huge investment and life decision, there’s a lot of pressure on home buyers to make sure they get everything right. This makes for a stressful situation for buyers who don’t feel like they understand the terminology of things like mortgages, appraisals, credit reports, and other factors that contribute to the home buying process.

To alleviate some of those concerns and to make the home buying process run more smoothly, we’ve compiled a list of the most common, and most commonly confused, real estate words, terms, and acronyms. That way, when you’re talking things over with your real estate agent or your mortgage lender, you’ll be confident that you understand exactly what’s being considered.


Read on for our real estate terminology glossary.

  • Adjustable rate mortgage (ARM) - This is one type of home loan. Mortgage rates with this type of loan fluctuate throughout the repayment term of the loan. The fluctuation is based on a market indicator.

  • Fixed rate mortgage (FRM) - Another type of home loan, a fixed rate mortgage has a rate which does not fluctuate, remaining constant for the life of the term, most commonly 15 or 30 years.

  • Appraisal - An appraisal is the determination of the value of a property. Appraisals are used when purchasing and selling a home, as well as when refinancing a home loan. Appraisers are required to be licensed or certified in each state and are usually paid for by the lender.

  • Appreciation - An increase in a property’s value, most commonly due to market inflation, or the general increase in home prices over time.

  • Depreciation - A decrease in a property’s value, due to either market deflation (uncommon) or the wear and tear on a home that comes with age.

  • Closing costs - The costs and fees that a buyer is responsible for when purchasing a home or taking out a mortgage. These include underwriting fees, inspections, appraisals, transfer taxes, and more. Closing costs typically range from 2% to 5% of the total loan amount.

  • Contingency - Home purchases have contracts to protect the interest of the buyer, seller, and lender. Contingencies are provisions designed to protect the buyer or lender should something occur in the time leading up to closing on (or purchasing) the home. One common contingency is the buyer’s right to have a final inspection of the home before closing to ensure no new issues with the home have occurred.

  • Private mortgage insurance (PMI) - Buyers who cannot afford a down payment of %20 typically are required to take out a private mortgage insurance policy. This policy protects the lender should the borrower default (fail to repay or meet the conditions of their loan).




When you have an extra bedroom, you should take advantage of it to the full extent. All of the extra space can actually be kind of overwhelming. If you have a plan in mind, your extra bedroom can be so much more than a “spare” room. Here’s some ideas to help you jumpstart your imagination on what to do with an extra bedroom in your home. The great thing about these suggestions is that these rooms can be used day or night for specific purposes. Spa This sounds extravagant to have an in-home spa, but really, it’s possible. If you often hire professionals to give you a massage or a facial, many will actually come to your home. Your extra bedroom can become your private spa room in an instant! Thinking Room The health benefits of meditation are numerous. Having a room that can be a sanctuary for clearing your head, meditating, or just simply making decisions is a great use of an extra bedroom. There will be no other room in your home as quiet and as peaceful! Keep your favorite comfortable chair in there and enjoy the silence and solitude for clear thinking. Reading Room Having a reading room in your home is a classic use of an extra bedroom. If one of your ideas of pleasure is to sit quietly and read, a reading room can be the perfect sanctuary for you. The beauty of a reading room is that the furnishings can be very simple. All you need is simple seating and adequate lighting for a great reading room. A Room For Morning Routines Whether your morning routine is a workout, or simply reading the news with a cup of coffee, having a room to start your day off right is the perfect use of an extra bedroom. Being able to get through your morning routine without any interruptions can help you to set the mood for a great day. You’ll have plenty of room for what you need, be it workout equipment, or a set of a table and chairs. A Toy and Games Room Even adults need some time to have fun. Whether you keep a bunch of board games in this room, install a poker table, or buy some classic arcade games the possibilities are endless when it comes to building a fun room. If you have kids, and don’t have the heart to make an “adults only” room, an extra bedroom can be put to great use if you need a place to store toys and other “kid” things. This can help keep your house a bit neater when the toys are contained. Music Room If there’s a musician or two in the family, a spare room can be put to good use for making music. All of the equipment and supplies can accumulate in the house. Now, there will be a room to keep all of it in. Make sure there’s adequate seating for guests and plenty of outlets available for the musicians to plug in speakers and amplifiers.

If you’re selling your home it can be frustrating when you aren’t receiving any offers. Perhaps you’ve heard that it’s a seller’s market and that the offers on your house would be flying in. However, it’s more complicated than that.

Whether or not your house receives offers is determined by a number of reasons--some that in your control, others that aren’t. But, that doesn’t mean you have to give up and sell your house at a low price.

In this article, we’ll discuss what to do if your house just isn’t selling. We’ll talk about some reasons why people may be hesitant to bid, to inquire about a showing, and to seal the deal and purchase your home.

Revisit the comparable properties

If your home has been on the market for a while, it’s a good idea to check out the other recent homes in your neighborhood to see how their prices compare to the listing price of your home. Since the market fluctuates, other sellers could be adjusting the cost to reflect the current rates, leaving yours higher than it should be.

When pricing your home, make sure you are comparing your house to those that have actually sold. Using houses that have been on the market for a while as a baseline might mean you’ve priced your home too high to sell just like theirs.

Also, make sure you are using houses that share many of the common features that yours does. This can include:

  • Square footage

  • The year the house was built

  • Number of bedrooms and baths

  • The lot size

  • The condition of the home

Remember, it isn’t all just about location.

Getting more leads

If people aren’t making inquiries about your home, there are a few things you should check up on. First, make sure your listings are updated and accurate. The contact info should be easy to find, and you or your real estate agent should provide multiple means of contact (email, cell phone, text, etc.).

Next, ensure that you’ve given enough details about the house. If people are searching for a specific number of rooms but your listing doesn’t mention the number of rooms you have, you might be missing out on several inquiries.

Finally, make sure your photos are high resolution and well-lit. You want to make sure visitors to your listing can get a clear idea of what your home looks like. If your photos are small, dark, blurry, or if they make the house look cramped and cluttered, you should retake your photos or consider hiring a photographer.

Getting more offers

If you’ve had plenty of inquiries and showings but you aren’t getting any offers there may be a deeper, underlying issue that needs to be addressed. Usually, this means your home needs important repairs and upgrades that buyers simply don’t want to make.

If your house is priced to be move-in ready but it’s not, you’ll have to make some upgrades or lower the price.

Not working with an agent

Sellers can also have a difficult time getting offers if they attempt to sell the home themselves without using a real estate agent. If your home is FSBO (For Sale by Owner), you’re missing out on a number of listing services and connections that an agent can provide.


This Condo in Acton, MA recently sold for $325,000. This Townhouse style home was sold by Twila E. Palmer - Westford Real Estate.


254 Brown Bear Crossing, Acton, MA 01718

Condo

$325,000
Price
$325,000
Sale Price

6
Rooms
3
Beds
2/1
Full/Half Baths
BEAUTIFULLY UPDATED!!! Enjoy the luxury of condo living in this exquisitely finished and contemporary townhouse in the sought after town of Acton. The community at Nagog Woods feels like stepping into your own nature retreat complete with swimming pool, hot tub, walking trails, multiple tennis courts, playground, exercise room, clubhouse and much more. An open floor plan with cathedral ceilings and ample windows perfectly complement the new hardwood floor in the living and dining room . Enjoy summer nights on the 11x8 deck watching the sun set. Completely renovated bathrooms and renovated kitchen complete with all new appliances, spacious granite countertops, and the ambiance of under cabinet lighting. The master suite boasts a slider to the exterior, two double door deep closets, linen closet and full bathroom. A half bath, 2 spacious bedrooms and an additional full bath complete this lovely unit.

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