Sunrise Homes & Renovations, Inc.

Surprising Things That Can Derail A Closing

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Surprising Things That Can Derail A ClosingOnce you and the seller have negotiated an offer and you’ve been pre-approved for a mortgage, you might think that you are in the clear as far as your closing goes. However, that is not always the case. Many surprising things can put a halt to closing. Some may ultimately stop the closing altogether while others could simply cause a delay.

Here are a few unexpected things that can derail a real estate closing:

A Job Promotion 

While you might know that changing employers is one way to interfere with the closing, another deal-breaker can be switching positions with your current employer. If you are a salaried employee and switch to a non-salary commission job, for instance, you could be looking at a problem when it comes to closing on a house.

Whenever you have any change in employment, even if it is with the same employer, most lenders will require a two-year history. A new job title could be a problem at closing — even if the new position pays more money. In some cases, the lender might not be able to include the income from your new job. If so, you could quickly end up not being qualified for the loan.

Therefore, it’s best to avoid any change in employment until after closing even if it is with the same company. Talk with your mortgage finance professional regarding your personal circumstances before making any employment changes.

Last-Minute Requests for Documents

It is easy to assume that lenders will already have all the documents that they need by closing, but that is not necessarily the case. Lenders can become overwhelmed with work, especially during a hot real estate market. Lenders will sometimes realize that they need more information last-minute.

They might ask for a canceled check, copies of your rental agreement, current pay stubs or other items. If you don’t have the documentation handy, it could cause your closing to be delayed or even completely canceled if you can’t produce the requested information.

To avoid this situation, make sure that you consistently communicate with your lender throughout the loan process. 

A Delayed Transfer 

You will most likely need cash at closing. If you are relying on your bank to transfer funds right before closing, then you might be shocked if the transfer falls through at the last minute. Bugs in the bank’s system or other issues could affect the transmission.

Therefore, make sure you time your transfer to reach you or your closing agent a couple of days before closing. 

Closing on a mortgage is something that you don’t want to derail. Avoiding the above mistakes will help ensure a hassle-free closing transaction. 

As always, remember that you can count on your trusted real estate professional to remain committed to your success throughout the entire home buying and/or selling process. 

Getting Your Garage Ready To Stage

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Getting Your Garage Ready To StageIf you’ve decided to sell your home, you’ve probably paid a lot of attention to the inside of your home. You have likely cleaned and staged your living room, bedrooms and kitchen to perfection. If you were like most other homeowners, you might have forgotten to stage one of the most critical areas of your home — the garage.

Most home buyers want a perfectly organized garage stage. A clean, organized garage is more important than you might think when it comes to selling a home. In fact, the Active Spring Shopper’s Report found that more than 30 percent of home buyers said that the garage is one of most essential rooms in a home. That means that 3 out of 10 buyers would rank a garage higher on their list of priorities than say a beautiful kitchen or bathroom.

If your garage has become a grease-stained dumping ground, that is okay. There are still plenty of things that you can do to get it looking like the showroom of an auto dealer. Get your garage in top shape with these tips.  

Clear The Clutter

Garages tend to be the one place where you can throw everything to keep out of sight. Anything that you don’t have room for probably goes into the garage. As a result, you might have quite a bit of clutter in there. Start by taking everything out. Before putting anything back in the garage, sort it into piles. Make three piles — keep, donate and throw away. Next, sort items accordingly.

Clean Thoroughly

Clean the floor and walls thoroughly. Use a concrete degreaser and a large scrubbing brush. If your floors are still dingy after cleaning, consider painting your concrete with epoxy. Garage floor epoxies are specially designed for concrete and can make your garage floor look brand new. This detail can impress buyers.  

Organize

The last step is to organize the remaining items. Consider installing different types of shelving to expand your garage storage. Metal and wire shelving, storage benches and metal cabinets are all excellent storage ideas for a garage. Consider installing storage racks on the ceiling of your garage to use the space above.  

Your trusted real estate professional will have loads of tips to help you make your home presentable and appealing for buyers. Make sure to utilize this valuable resource.

 

Working From Home: 5 Best Tips To Make It Work

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Working From Home 5 Best Tips To Make It WorkCarving out space for a home office isn’t always easy, but if you have the option to work from home even part of the time, it’s essential to have a space that works for you.

Here are 5 great ways to meet those needs:

Adapt A Closet

A guest room closet with bi-fold doors can become a perfect workspace with the addition of a shelf at the proper height to hold a computer or calculator and proper task lighting. Hang a bulletin board or add open shelving on the back wall. Multiply the functionality with a small cabinet or a portable file rack. The advantage of going to work in a closet is that you can close it off completely without having to do a daily cleanup. 

Grab A Corner From Living Room or Bedroom

Tuck a table desk into a corner of the living room or bedroom, assuming that you can work during the day when others aren’t sleeping or actively “living” in the space. Small table desks serve a variety of purposes, from serving snacks to displaying artwork, and are perfectly adaptable as work space, with a minimum of effort. All you really need is a good lamp and a nearby electrical plug in order to create an office. 

Claim Space In A Wide Hallway

With a space as narrow as about 30 inches and minimal depth, it’s possible to set up a small tabletop and chair to serve your needs for making phone calls, organizing schedules or planning appointments. It may not be ideal, but if space is at a premium it can be functional for short bursts of work at home.

Look For Multi-Purpose Furniture

A home office can exist in a den or dining room that has either a credenza or a tall cabinet with doors. Think about your needs, and seek out furniture that will fill the bill. Traditional period “secretaries” with closed door storage and a fold-down desktop are perfect, but even ramshackle armoires can be repurposed as office cabinets. 

Look For Unused Space

If you have a mostly empty storage room, even if it’s located in the garage, clean it out and clean it up. Add proper lighting, and even a portable heater or air conditioner. Brighten the space with fresh paint and an area rug, find second-hand furniture at garage sales or estate sales, and get creative with accessories. 

Be Aware Of Your Needs

There are two primary requirements for a home workspace, no matter what kind of work you do: storage space for the tools, supplies, files and accessories that you need; and privacy. It’s nice to be able to close the door on your work and “go home,” so the more insulated your home office is from other family activities, the more efficient it will be. Even if space is minimal, it can work for you!

If you are looking for a new home and a home workspace is ideal, be sure to tell your real estate agent that this is on the priority list!

 

The Case for Making a “Smart” Garage

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The Case for Making a Smart GarageEnergy-efficiency, smart electronics and automation have come home to the rest of the house, but many garages still look and feel like neglected warehouses. Why not update the lighting and add some high-tech features that will bring your garage into the 21st Century. Doing so will make your life easier and need not cost a fortune!

Rethink Room Function

Most homeowners use the garage for more than a car park. If it’s part storage room, part play space and part project area, manage the corresponding needs for specialized task lighting, additional circuits for a second refrigerator or freezer, conveniently located space for gadgets, gizmos, bikes and sports gear, and how you’ll deal with yard equipment and gardening tools and trash receptacles. A comprehensive lighting/electrical plan will be a great benefit.

Power Up 

Consider your lifestyle, and plan for the uses and activities you envision in the garage. Whether you have built-in storage cabinets, a fully-equipped home workshop, a hobby center, or play space for neighborhood kids, you’ll need handy receptacles for air compressors, charging stations and a variety of portable tools and devices. Trailing extension cords from the receptacle on a door opener is not only unsafe, but inconvenient. If you have or are considering an electric or hybrid vehicle, think about a car-charging station; it will require a 220-240 volt circuit.

Become Energy Efficient

Install sleek, energy efficient recessed cans, and use LED bulbs for bright, attractive general garage lighting that offers greater flexibility than typical fluorescent tube fixtures. They are available for both new construction and remodeling. Also look at insulated garage doors with a row of windows for natural light. Add insulation to walls and ceiling if necessary. Modern garage door openers have advanced safety sensors and lighting timers; but those that are truly smart allow you to monitor operation and control opening and closing via smart phone app as well as by wireless remote.

Go Hands-Free

It’s not uncommon for exterior lighting to be motion-activated, particularly if you have a long driveway or security spotlights on your home’s perimeter. But you can also automate interior lighting, either with motion sensors, or by using door-jamb switches. You’ll love the convenience of never having to fumble in the dark for a light switch!

Tie the Garage Into Home Security

In addition to an intrusion alarm and various sensors for your home’s interior, incorporate air quality sensors and fire and water detectors, even a security camera, in your garage space. Home security is a major concern among potential buyers.

If you’re in the market for a new home, make sure to ask your trusted real estate professional about homes in your area with all of the newest technology.

 

 

 

Can Color Help Sell Your Home?

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Can Color Help Sell Your Home?Color psychology is not an exact science, but there are basic principles that marketing pros use to sell everything from greeting cards to automobiles. Much of it has to do with color. Yes, the colors you put on your walls, or on your front door, can help clinch a home sale!

Humans have emotional reactions to color, and sensory perceptions of color are remarkably consistent. Even though individual reactions can vary, it is acknowledged that some colors evoke generally positive response, while others typically generate a negative reaction. Learning the basics of colors can be as simple as studying the color wheel. Forget about the trends, and rely on your own feelings.

Warm and Cool Colors

All colors are derived from three primary hues: Red, yellow and blue. The way they are mixed and combined results in all the colors of the spectrum, divided into warm and cool tones. And that’s where it can get a bit complicated: Humans are able to perceive millions of different color variations, and subtle differences can result in unique reactions. 

So, while the simple answer to whether color influences buying decisions is a qualified yes, there is more to the story. Neutral tones are often recommended because they allow people to add their own color personality. 

Color Dynamics

Both on a home’s exterior and inside each room, color plays an important part in attracting — or discouraging — potential buyers, so if you’re thinking of refreshing your home’s color scheme before listing it for sale, it’s wise to study the basics of color psychology. The goal is to appeal to the widest possible pool of buyers, and that’s why real estate agents tend to recommend staying with neutrals.

But the “safe” route is not necessarily the only path to a quick sale. Take the time to drive different neighborhoods and visit open houses. Take note of exterior trim colors that seem especially appealing. Study interiors: Look beyond the furnishings and visualize rooms as they would appear empty. Analyze different color options, and notice that the most appealing homes typically have a unifying theme. That doesn’t mean that every room is the same color, but simply that color choices throughout the home are related and always compatible.

Develop a Plan

By taking the time to assess your reactions to different colors, you can assist your realtor to market your home. If you love energetic red, consider painting your entry door and adding red accents in many of your rooms.

On the other hand, if sunny yellow makes you feel happy, emphasize that mood with variations of cream and warm golden tones, with accents of daffodil or saturated sunflower yellow throughout.

Color is very personal, just like a home. If your home reflects your unique personality, it will no doubt appeal to others.

Your trusted real estate agent will be able to assist you with additional color tips and so much more to help you get the most value from your property.

In-Law Apartments Provide Tangible Benefits For Home Owners

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In-Law Apartments Provide Tangible Benefits For Home OwnersMany homeowners are looking for ways to maximize on their investment. One idea that is gaining popularity is a space set aside for aging parents known as an In-law apartments. These additions are living spaces that can set a property apart from others on the real estate market.

In-law apartments generally enjoy a private entrance and include things like a private bathroom, bedroom, kitchen and living room. Although generally smaller than the main residence, in-law apartments provide all the elements of a home. Because these living spaces are often built after the original floor plan was conceived, spaces such as walk-out basements, garages or separate wings of a homes are converted.

The size and location of this unit is also dictated by adherence to local zoning ordinances and building codes. Once they are established, the door to turning them into a straight rental unit may be opened. If you are considering buying or selling a home with an in-law apartment, consider these benefits.

Benefits Of An In-Law Apartment

In terms of buying or selling a property that includes a separate residence, there are pragmatic reasons they are seen as attractive. These may include the following.

  • Elder Care: Our valued parents and grandparents will come to a point where they require some assistance from younger loved ones. An in-law apartment allows homeowners to offer them a private living space while providing effective care. In-law apartments are wonderful spaces that allow you to give back to aging family members in a dignified setting.
  • Building Relationships With Grandparents: The economic and time pressures placed on working families often compels parents to place children in daycare or after-school programs. While these are certainly viable options, they may be secondary to family members. An in-law apartment may create an opportunity to have a grandparent or other family member spend quality time with your child. In-law units can enhance the bonds of family while maintaining a level of privacy.
  • Guest Space: With family members relocating for employment opportunities, the ability to spend time together has become increasingly difficult. An in-law apartment provides a space for extended stays.
  • Rental Income: An in-law apartment that gains approval can be an excellent revenue-generator. That extra income can help offset mortgage, insurance and tax costs. That makes homes with rental units attractive to buyers.
  • Increase Property Value: Home improvements such as decks, smart technology and other amenities tend to add to a property’s value. Not only does an in-law apartment include all of the necessities of a living space, it can also bring in revenue. That’s why in-law apartments provide added value for home sellers.

If you are considering buying or selling a home that may include an in-law apartment, contact your trusted real estate professional.