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Home Upgrades Buyers Want Now

Writer's picture: Trevor HigginsTrevor Higgins

As the coronavirus pandemic continues across the U.S., home inventory remains low and the market is still hot. Now is the ideal time for those who have been longing for a larger space to list their homes and take the leap to a bigger abode. For buyers thinking of preparing their homes to sell, there are many improvements that can be made to appeal to those searching for a new home during the pandemic. Here are a few:

Outdoor space – with so many Americans spending more time at home, a nice outdoor living space can help relieve a case of cabin fever! Adding an outdoor fire pit or some heaters can even make the space useable for the winter in many climates.

Office space – homeowners need a dedicated office space as many continue to work from home on a daily basis. Sellers should consider staging a room in their home as an office space to appeal to buyers.

Home gym – many people are choosing to stay away from the gym during the pandemic and using their homes as a workout space. It is a good idea to stage a room or a corner of a room as a space where buyers can see themselves doing future home workouts.

In-law suite – as multi-generational households become more popular, buyers are looking for a space that will suit their living situations. Before listing, spruce up in-law suites, guest homes and garage apartments to make them stand out to buyers.

Looking for more tips on what buyers are seeking in homes in the time of covid-19? Click here.

If you are interested in selling your current home and purchasing a new home this year, call me! I would love to set up an appointment where we can discuss your financial options.

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Copyright©2023 Fairway Independent Mortgage Corporation (“Fairway”) NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-866-912-4800. All rights reserved. Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency. Reverse mortgage borrowers are required to obtain an eligibility certificate by receiving counseling sessions with a HUD-approved agency. Youngest borrower must be at least 62 years old. Your monthly reverse mortgage advances may affect your eligibility for some other programs. At the conclusion of the term of the reverse mortgage loan contract, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to you and you may need to sell or transfer the property to repay the proceeds of the reverse mortgage with interest from your assets. We will charge an origination fee, a mortgage insurance premium, closing costs or servicing fees for the reverse mortgage, all or any of which we will add to the balance of the reverse mortgage loan. The balance of the reverse mortgage loan grows over time and interest will be charged on the outstanding loan balance. You retain title to the property that is the subject of the reverse mortgage until you sell or transfer the property and you are therefore responsible for paying property taxes, insurance, and maintenance and related taxes. Failing to pay these amounts may cause the reverse mortgage loan to become due immediately and may subject the property to a tax lien or other encumbrance or to possible foreclosure. Interest on reverse mortgage is not deductible to your income tax return until you repay all or part of the reverse mortgage loan. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Opportunity. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License No 41DBO-78367. Licensed by the Department of Financial Protection and Innovation under the California Financing Law, NMLS #2289. Loans made or arranged pursuant to a California Residential Mortgage Lending Act License. Fairway Independent Mortgage Corporation NMLS ID #2289 (www.nmlsconsumeraccess.org) MA Mortgage Broker and Lender License #MC2289.Licensed In: NC, SC, PA, TN, TX, VA, FL, MD, CA, WA, OR, MA, CT, OH
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