Deb Evans ABR,CSG - ERA Key Realty Services



Posted by Deb Evans ABR,CSG on 9/17/2019

Having equity in your home is an incredibly valuable thing. It allows you to borrow against your house and shows that the value of your investment is rising. Equity defined is the difference between your home’s value and the amount you still owe on the home. Equity allows you to move forward with other properties and sell your current one. 


As you pay down your mortgage, your equity increases. There is, however, always a risk of an equity slide where values drop a bit. There are a few ways that you can help your home’s equity value to increase faster.


Pay Towards The Principal


The first few years that you’re a homeowner, you’ll be paying a lot towards the interest and only a little towards the principal value of the loan. The quicker you pay down your home loan, the faster you’ll increase the equity of your home. Check your budget and see how much extra you may be able to pay. Then, talk with your lender to see if there are any pre-payment penalties. 


Complete Home Improvement Projects


You may not know that many home improvement projects can increase the value of your home substantially. There are many projects that you can complete in your home that won’t break the bank yet will give you a significant return. You can start simple, or think big. Some of the best home improvement projects that will add value to your home include:


  • Complete kitchen remodel
  • Replacing countertops
  • Refinishing cabinets
  • Installing new appliances
  • Replacing garage doors
  • Bathroom remodel
  • Putting on addition
  • Landscaping renovations


Any of these home improvement projects can add value to your home, bringing the equity value of the home up. Even if you’re not planning on taking out any equity in your home for some time, any improvement projects that you choose to do are beneficial for both you and how your home affects your finances.  


Increase The Amount Of Your Downpayment


You can increase the value of a home before you even buy it. If you put the traditional 20% down on a house, you’ll build equity a bit faster than if you put down a lower amount such as 3% or 5%. If you have already purchased your home, you can ask your lender to do what’s called a cash-in refinance. This type of refinance is where you bring cash to the refinancing closing table in order to lower the balance of your mortgage.   





Categories: Uncategorized  


Posted by Deb Evans ABR,CSG on 9/16/2019

This Single-Family in Marlborough, MA recently sold for $479,900. This Colonial style home was sold by Deb Evans ABR,CSG - ERA Key Realty Services.


183 Ash St, Marlborough, MA 01752

Single-Family

$479,900
Price
$479,900
Sale Price

8
Rooms
4
Beds
2/1
Full/Half Baths
You will love this wonderful home! Enter the huge living room with vaulted ceiling, skylights & a spacious loft above! Sunlight floods through the ample windows & French doors leading to the large deck & yard. Step into the dining room with hardwood floors & slider. Large kitchen has plenty of cabinets with granite & stainless appliances. Convenient half bath & laundry nearby. Two more flexible rooms complete the first floor - use one for office, one for bedroom or playroom. Upstairs are 3 more roomy bedrooms with plenty of closet space. The guest bath has a tub/shower combo & large vanity. The master has a vaulted ceiling, large walk in closet, outside balcony, & private bath with tiled shower. Lower level walk out family room/playroom with slider. The yard is large, flat and fenced! Detached 2 car garage complete this lovely home. Young (2014) Buderus boiler & some new windows keep this house warm and bright. Come on HOME!

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Categories: Sold Homes  


Posted by Deb Evans ABR,CSG on 9/10/2019

You may have noticed significant changes in your neighborhood. Younger couples and young professionals have been moving in around you. Along with them, you see a few new restaurants, coffee shops, or co-work spaces have popped up in the area. As you become aware of the increased attraction of your community to younger buyers, you might consider selling your home under a potentially upgraded resale value. So, how do you know what attracted these young folks to the homes in your neighborhood? You purchased yours some years ago and are trying to compare the value you saw to the new perception. If this seems to fit your situation, these tips below and a consultation with your local real estate agent can help you properly determine what these new buyers’ value in a home and what you can do to most appeal to them if you want to resell. 

The first thing to remember is you can't put Millennials into any specific box. This generation spans two decades of people with entirely different upbringings, social circumstances, technology, and more! Take a look at your home and neighborhood with your agent and find what features to highlight or improve before you sell. 

Low Maintenance.

Many young buyers want to own their own home but have active lifestyles or work-life and not much time to take care of the house. Some are well-adapted to technology but may not have learned the skills to care for property or a home. When considering upgrades to your home, consider replacing wooden siding with a fiber cement-style or sturdy new exterior technology that mimics wood but won’t need repainting. Think about replacing your lawn with a low maintenance xeriscape and extend your backyard patio to allow for more outdoor living space and less lawn care. Make sure your roof is up to par and won't need attention in the near future. Look for ways to minimize the work necessary to make the home easily maintained. 

Functionality. 

Consider the vast array of lifestyles pursued by Millennials today. With so many interests, endeavors, and hobbies young buyers are not necessarily looking for a traditional home set up—though they aren’t not-looking for it either. Open floor plans and easily changeable spaces are essential to your potential buyers. They may have aspirations of a home business or hobby or host different clubs and activities that require more than the standard living or dining spaces. Find ways to open up the home and allow for easy furniture changes. Look for opportunities to improve built-in storage to require less standing furniture in each room—hallway cabinets, built-in shelving, etc. If you can make your home appeal to the different living space needs of this eclectic buyer group, you can improve your sale prospects. 

Entertaining. 

One desire of new home buyers that hasn't changed much from generation to generation. Many new home buyers have high aspirations in the realm of entertainment. Depending on your home's layout and style you won't be able to appeal to all entertainment goals, but you should look for ways to highlight and improve some key areas of the home — first, the kitchen. Young buyers no longer use formal dining rooms for entertaining guests. Many want an open kitchen with plenty of seating and counter space, and an ability for the host to entertain while cooking. Look for ways to upgrade your kitchen, add an island and wet bar area and move the party into the kitchen space. A great patio is another way to attract buyers. Extend your back patio to allow for more seating area or install a great built-in grill to be the center of entertaining. Take a look at your space to find how you can upgrade different parts to show your buyers the possibilities: sitting area, grill area, possible hot tub area, space built for outdoor games and more!

If you hope to sell your home soon, and you think you see a new market in younger buyers, get with your local real estate agent to make a plan to attract these buyers to your home’s value.





Posted by Deb Evans ABR,CSG on 9/5/2019


74 S Main St, Milford, MA 01757

Single-Family

$237,500
Price

6
Rooms
3
Beds
1
Baths
Classic Village Colonial set off street with large level fenced in backyard. Dining room with built-in china cabinet leads into generous sized living room both with hardwood floors. Large entry way with original "Craftsmen style" woodwork. Hardwoods continue upstairs to the three bedrooms and office or sitting area with stairs leading to walk up attic for possible future expansion. Close to shopping with easy commutes to Rte 495 or T-Station in Franklin.
Open House
Sunday
September 08 at 12:00 PM to 1:30 PM
Cannot make the Open Houses?
Location: 74 S Main St, Milford, MA 01757    Get Directions

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Categories: Open House  


Posted by Deb Evans ABR,CSG on 9/4/2019

Classic Village Colonial set off street with large level fenced in backyard. Dining room with built-in china cabinet leads into generous sized living room both with hardwood floors. Large entry way with original "Craftsmen style" woodwork. Hardwoods continue upstairs to the three bedrooms and office or sitting area with stairs leading to walk up attic for possible future expansion. Close to shopping with easy commutes to Rte 495 or T-Station in Franklin.

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