Todd Finn - RE/MAX Partners



Posted by Todd Finn on 12/10/2017

To maximize the value of your house, you may need to perform a wide range of home improvements. Fortunately, there are many quick, easy ways to ensure you won't have to break your budget to upgrade your residence before you add it to the real estate market.

Now, let's take a look at three tips to help you save money on home improvements.

1. Receive Multiple Quotes from Professionals

When it comes to performing comprehensive home repairs, it generally is a good idea to err on the side of caution by hiring professional contractors. However, hiring professionals to complete home improvement projects may put a major dent in your day-to-day finances.

If you request multiple quotes for home improvement projects, you can shop around for the best price. Plus, you may be able to negotiate the price from a professional if you have various competitor quotes at your disposal.

2. Consider Do-It-Yourself Projects

In many instances, a home may not require a full overhaul. Conversely, you may only need to perform a series of minor upgrades to ensure your residence is show-ready.

When possible, it may be beneficial to try to perform home improvement projects on your own. If you complete simple tasks like removing clutter from your home's basement or mowing your front lawn, you can simultaneously enhance your residence and avoid the costs associated with hiring professionals.

If you're unsure about how to perform certain home repairs, there is no need to leave anything to chance. In these scenarios, reach out to professionals for expert support, and you can minimize the risks associated with trying to complete these tasks on your own.

3. Consult with a Real Estate Agent

Finding the best ways to cut costs on home improvements can be tricky. Luckily, real estate agents are available who can help you get your house ready for the real estate market, even if you're dealing with a tight home improvement budget.

Typically, a real estate agent will be able to assess your house and help you establish home improvement priorities. This housing market professional then can put you in touch with the top home improvement professionals in your area, as well as provide tips to ensure you can quickly upgrade your residence on your own.

A real estate agent also will serve as your expert guide throughout the home selling journey. He or she will help you list your residence and promote it to dozens of potential buyers. Plus, a real estate agent will host home showings and open house events that enable buyers to get an up-close look at your residence. And if you receive offers on your house, a real estate agent will help you review these proposals and make an informed decision.

There is no reason to overspend to upgrade your residence. Thanks to the aforementioned tips, you can save money on home repairs and prep your house for the real estate market faster than ever before.




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Posted by Todd Finn on 12/3/2017

Ever wondered what the market value of your home is? Or what the market value would look like for your dream home? If youíve done a quick Google search youíve probably come across at least a handful of websites offering tools to help you determine the value you on your own. But the numbers these tools put out should always be taken with a grain of salt. Calculating a homeís value is a complex calculation taking more than just hard data into account. And thatís where your real estate agent comes in with the information you need to know that an online tool couldnít possibly obtain.

The first thing you should know is that the market value is not a number set in stone. Itís also not a number that is reached from purely quantitative data. This is because market value is what buyers are willing to pay for a home and there are so many qualitative factors that go into this decision. Factors a computer canít find or determine on its own and that usually require someone local who has extensive knowledge of the area.

Someone like a real estate agent! An agent is well versed in selling homes in the area and connections to the community. Agents also have access to a database that stores information from all the local home sales to use as a jumping off point when calculating the home value.

So this isnít a hard and fast rule that necessarily goes by the book. While homes that have sold with similar features as yours are part of the equation they arenít the whole picture.  So yes, the number of bed and baths in your home, amenities, recent updates, the overall condition of the home, location, and age of the house will all be carefully considered this is just a piece of the bigger picture.

Factors such as current market conditions,  how many other houses are on the market, and the various reasons why nearby homes have sold are a few factors that can make an impact on your home value. Afterall, you donít want to underprice your home based off of other homes that have sold at a lower price point to attract buyers fast or overprice for your neighborhood based on what you feel your home is worth.

Lenders want to ensure the home is selling at or above the market value so getting the price right will ensure a smoother buying process for potential buyers. However, if a property is on the market for longer than 30 days, which happens often to those that are overpriced, buyers start to wonder why. They may avoid your home as a possibility. In this scenario, sellers often have to significantly drop pricing, often below market price, to attract potential buyers.

Real estate agents are truly the best source for all of this information. They can perform what is called a competitive market analysis (or CMA). We have access to resources third-party websites and DIY-appraising just canít access.




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Posted by Todd Finn on 11/27/2017

Bring the whole family! Pilgrim Heights Neighborhood! Plenty of room for everyone in this 3-4 bedroom Peabody Split. Centrally located with easy access to Rtes. 1 and 95. Close to Peabody High School, restaurants and shopping. Equipped with a stair lift for ease of mobility. Hardwood flooring in most of the main level is in great shape! Cozy country style kitchen with many cabinets. Lower level features a big fireplaced family room and a large enclosed sun room. Great rec room features a built in bar, plus workshop, a potential 4th bedroom and laundry room. Two refrigerators, upright freezer and washer/dryer all remain as gifts. Lower level could be opened up again to make 2 car garage. Come see it today!

More Info on this Property | New Listing Alerts




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Posted by Todd Finn on 11/26/2017

Saving for a down payment on a home is a long process that requires discipline and organization. But we all know that with so many other things going on in our lives it can be hard to spend enough time focusing on your budget.

Fortunately, there are several tools available to soon-to-be homeowners who want to keep track of their spending and make sure they meet their down payment goals. In this article, weíre going to talk about some of the best budgeting apps, websites, and other tools to help you keep yourself accountable so you can be living in your new home as soon as possible.

Why budget for a down payment?

If youíve saved money in the past for a purchase without a budget you might be wondering why you should go through the effort of creating one now.

However, there are many reasons to have a budget, especially if youíre planning on making an investment as large as a home. Here are just a few:

  • Keeping an accurate budget will let you know almost exactly how much you can expect to save for a down payment

  • Budgeting helps you locate and cut out expenses that would be better used in your savings account

  • Budgeting will give you peace of mind along the road to saving for your down payment

Now that weíve talked about the importance of making a budget, letís talk about some of the best ways to get it done.

YNAB

You Need a Budget, often shortened to YNAB, is one of the most useful tools for learning about and creating a budget. I donít know about you, but I was never formally taught how to budget in school. But, it would have been a useful class to have!

YNAB combines budgeting tools with educational materials to help you save while you learn more about managing money. It can be easy to feel lost when it comes to learning about personal finance--thatís what makes YNAB so great.

Their basic precept is that you ďgive every dollar a job,Ē meaning there wonít be any money in any of your accounts or in your paycheck that doesnít have a purpose. That doesnít mean you canít spend money on yourself every once in awhile, just that youíll have planned ahead for moments so you can manage them.

You Need A Budget is available for Apple, Android, on Alexa and in your browser.

Saving with your spouse

Planning a budget yourself is complicated as it is. But planning together with a spouse can be even more confusing. However, there are ways to effectively make a family budget to save for a down payment.

First, you should both make sure you have individual budgets to make sure you know how much money from each of your incomes can go into savings. Opening a joint savings account and having a certain percentage of your paycheck direct deposited into that account is a good place to start.


From there, monitor your savings for a month to see if you need to alter this number, and try to stick to your monthly savings goal.




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Posted by Todd Finn on 11/19/2017

If you plan to sell a house, you should allocate time and resources to remove clutter from the attic. By doing so, you can show off the true size of your house and increase the likelihood of a fast, profitable home sale.

Ultimately, there are several best practices to help home sellers declutter an attic, and these practices include:

1. Separate Clutter from Items That You Want to Keep

Your attic may be filled with a wide range of items. As a home seller, you'll want to differentiate attic items that you want to keep from those that need to be removed from your home.

With items that you intend to keep, you should package these items safely. Then, you can store these items neatly in your attic. Or, you can move these items into a storage unit.

For home sellers who encounter a massive collection of attic clutter, there is no need to worry. You may be able to sell or donate excess items that work properly and are in great condition. Furthermore, be sure to dispose of any damaged or broken items immediately.

2. Get Plenty of Help

The temptation to tackle attic cleaning on your own may be overwhelming, but it is important to remember that Rome was not built in a day. Thus, if you try to remove attic clutter on your own, you risk myriad problems along the way.

Attic clutter can range from small and lightweight to big and heavy. If you're operating on a strict timeline, you might struggle to quickly get clutter out of your attic if you work alone. And if you're forced to remove large items on your own, there is a risk of injury as well.

When it comes to decluttering an attic, caution is key. As such, you should enlist the help of family members and friends to ensure you can remove attic clutter quickly and safely.

In addition, if you want to avoid the hassle of decluttering your attic, you may want to hire professional help. With friendly, knowledgeable cleaning professionals at your side, you should have no trouble eliminating clutter from your attic.

3. Consult with a Real Estate Agent

Clutter is a major problem in many attics, and few h