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Tag Archives: McKinney Real Estate

How to Improve Your Home’s Curb Appeal

The majority of buyers decide whether they will go inside a house or not based on what the exterior. The more time you spend on the outside of your house, the more time a buyer will want to spend on the inside.

Simple Curb Appeal Exercise –

Think to yourself:

What is my first impression of my house?

What are the best features of the outside of the house? How can I enhance those features?

What are the worst features of the house? How can I reduce those features?

 

Park where a buyer would leave their car and walk up to your house as they would. Is there anything about the exterior that you would notice first? Is it a good thing or a bad thing?

Take pictures of the outside of the house. Look at the pictures in black and white; it is easier to see the problem areas this way.

Make a list of projects that need to be completed. Things as simple as:

-Kill mold and mildew

– Put away tools and unsightly objects

-Clean windows and gutters

-Pressure wash siding, decks and sidewalks

-Kill weeds and edge sidewalks

-MOW THE LAWN!

-Get rid of leaves

-Keep tree limbs away from the roof

 

Don’t forget the back of the house.

You should spend just as much time maintaining the back of the house as you do the front. Chances are, buyers will do their best to see what the backyard looks like.

 

What does it look like at night?

Try adding some (tasteful) lighting. Accent lighting could have a huge impact on a buyer driving past the property at night. What ever you do, DO NOT leave Christmas lights up past the holiday season.

 

Tips:

-Fresh paint really makes a difference

-Front doors leave an impression. Try something with glass.

-Think of everything from stains to hardware (doorknobs etc.)

For more information please visit http://www.lookfordallashomes.com

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Posted by on March 12, 2012 in Uncategorized

 

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Top 10 Ways to Make Home Buyers Hate Your House-

1. The Smells

Odors are the first thing to turn a possible buyer off of your property. Cigarette smoke, pets and mildew are the first things to worry about.

Get rid of the odors rather than covering them up with a temporary “fix-all”.

2. Over-bearing dogs

Some people may be scared of a dog that meets you at the door or in the driveway. If you control or contain your pet you will get a much better response. A common idea is to simply put the pet in a room or in the garage and ask people to not go in such areas – bad idea. Someone may think you have something to hide in that room that would turn them away from buying.

Every room and space of the house should be open to inspection by anyone that views it.

3. Bathrooms that are Dirty

Gross bathrooms are going to turn away any person that walks into one. Doe what ever you have to do to make sure your bathroom is glimmering and shinning.

4. Lowly Lit Areas

Try to brighten up whatever areas of the house are not receive much light.

-Change out any bulbs that may need replacements

-Add lights

-Install a quality skylight

-Get rid of heavy window coverings

-Repaint rooms with dark colors

-Take out limbs that throw shadows on the house

It will also be beneficial to clean windows (inside and out) to bring in more light and get rid of fogginess.

5. Busy Wallpaper

If your house has rooms upon rooms of busy wallpaper you may want to consider removing or replacing it. Wallpaper is a personal choice that may not be mirrored by someone even if they are a fan of wallpaper in general.

Make sure you don’t just paint over it because it will be very obvious and make it more difficult to remove.

6. Moist Basements

Dampness or stagnant smells in the basement could make the buyer think that the foundation leaks even if it is simply from clogged drains, lack of gutters or downspouts that are aimed the wrong way.

7. Insects

Anything that creeps, crawls or slithers must go!

8. Lack of Curb Appeal

The front of the house is the first thing any buyer will see; it must be amazing. Even if you don’t completely refresh the coat of paint on the house, simply fix rickety doors and get the lawn in great shape.

9. Plants Growing in the Gutter

If your gutters are not maintained a buyer will wonder what else isn’t.

10. Seller being there for a showing

Leave the house during showings! A buyer could feel awkward; like they are lingering or intruding. Give them some breathing room and let them take a good look at the house they might want to buy.

 

 

These things can be corrected at a minimal cost. Do it before you put your house on the market so it doesn’t acquire a poor reputation with agents and end up at the end of a list of showings to a potential buyer.

For more information please visit http://www.look4dallashomes.com

 
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Posted by on March 12, 2012 in Uncategorized

 

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Increase in Home Sales in DFW Area

Statistics (just released by the Real Estate Center at Texas A&M University) show clearly that the worst of the down turn in single-family home sales in the DFW area is behind us. For the past eight months, through February of 2012, home sales were higher than each month for the comparable time in 2011. In particular, January 2012 saw a 9% increase sales over January 2011 and February 2012 saw an increase of 27% in single-family home sales over February 2011. This is very good economic news for our area. The total number of single-family homes sold in the DFW area for February 2012 was 4649. The median home price for these sold homes was up by about 1% over 2011. The average number of days these homes were on the Market for 2012 was 91 days compounded to 102 days for February 2011.

Another favorable indicator for February 2012, the number of homes offered for sale for the DFW area (NTREIS) was 27, 836, which indicates that the inventory of available homes for sale is down by 22% over February 2012.

by Joe Neel

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Posted by on March 10, 2012 in Uncategorized

 

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Gorgeous Single Family Home In McKinney

We just got this beautiful home listed a couple days ago and we’d LOVE to sell it to you! Great place to raise a family!

•DESCRIPTION•

Beautiful Ashton Wood home with soaring ceilings. Extended tile through entry, workstation, half bath, kitchen, & breakfast room. Kitchen has ample cabinets, granite, under mount sink, eat-eat island, and view of large backyard. Open to family room with corner as log fireplace,and surround sound.patio has gas outlet. Double door large master opens to private patio. Master bath features corner tub, sep shower,linen closet and large walk-in closet. Two baths. One jack-n-jill .

Here’s a video we recently shot about it!

For more information call Glenda Neel

(214) 801-1696

neelgroup@tx.rr.com

look4dallashomes.com

 
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Posted by on February 11, 2012 in Uncategorized

 

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Why Are You Paying Off Your Landlord’s Mortgage?

A Note From Joe Neel:

We live in an economic cycle today, where many are uncertain about our country’s economic future. McKinney Real Estate is like the rest of our country. One result of that sense of uncertainty is that many couples, being somewhat unsettled about the future, have opted to rent rather than buy. While leasing may be a short term solution, the question arises “Why are you paying off your Landlord’s mortgage?”

Our Collin County Real Estate investor clients love a good tenant; one with a good credit rating and a good job where the money to pay rent is not the question. As an investor owning McKinney Real Estate, nothing is as nice as to have a great tenant, one who could easily own a home, rent their rental property year after year , and in time pay off the mortgage. Right now, I am working with a prospective buyer who has been renting the same property for fifteen years. How wonderful for an owner of rental property, the tenant paying the rent each month and paying the principal, interest, taxes and insurance on the owner’s property.

I personally met an Air Force coronal, who owned four homes in his 25 year career as an officer. In that period, his tenants paid off all four properties. From rather small beginnings, his four homes were worth about $1,200,000 when I met this man. That was years ago and they are probably worth $10,000,000 now. Much of Collin County Real Estate has increased in value by a factor of four or eight in that time period.

Now, let’s consider the benefits of home ownership, rather than renting McKinney Real Estate.

Specifically, let’s consider a couple who are thinking to purchase a home in McKinney, TX, valued at $225,000. They qualify for an FHA down payment of 3.5% (rounded to a down payment of $8,000). They obtain a new first lien mortgage for $217,000. The principal and interest on their new mortgage, at 4.125% interest rate and a thirty year amortization is exactly $1,052. The taxes on this home are $400 per month and the insurance is $125 per month. So, the principal, interest, taxes and insurance total $1,577 per month. They could rent the home for about $1,450 at this time.

But the comparison is not yet over. The taxes and interest paid each year total $13,700. According to their accountant, they can take a tax deduction against their federal income tax, for the first year of home ownership in the amount of $13,700. They don’t get the income tax benefit each month, but only once per year. On April 15 of the first full year of ownership, their CPA explains that for their 20% marginal tax bracket, they saved $2,740 in Federal Income Taxes.

More Good News. 

Even though we have experienced now some four years of economic downturn in our country, there has been no area of the country that has better weathered the storm than the Collin County Real Estate Area. Mark my word, home values in McKinney Real Estate and Collin County Real Estate will recover. Assuming that over the first five years of home ownership, the above couple experience a net positive average appreciation rate of 3.0% per annum, their home may well go up in value by 15%, or approximately $34,000. Hope that I am right. That small appreciation rate would equate to an offset against the cost of of owning a home by about $566 per month. The annual federal tax benefits of home ownership save this couple about $217 per month, so the total monthly cost of home ownership has dropped to about $794 per month.

We are right back where we started, “Why would anyone want to pay off their landlord’s mortgage?” Why not instead pay off your own mortgage and one day own your home free and clear of any debt. McKinney Real Estate offers many opportunities for profitably owning a home.

FIND A HOME             SELL YOUR HOME

 
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Posted by on November 23, 2011 in Buying, The Market

 

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