Lynn D'Avolio
Coldwell Banker Residential Brokerage | 801-597-2857 | lynn1@soldbylynn.com


Posted by Lynn D'Avolio on 4/9/2013

Year after year, study after study, good market, down market the story is always the same...owning a home is a good investment. Not only does it build wealth but it also provides many psychological benefits too. A survey released earlier this year by the magazine Better Homes and Gardens found that eight in 10 respondents said homeownership is still a good investment and believe owning a home is a smart financial move and a source of pride. Here are some results of the 2,500 people surveyed online:

  • 86% of home owners still feel owning a home is a good investment.
  • 85% feel “owning a home is one of their proudest accomplishments.”
  • 69% of Americans who don’t currently own a home agree with the statement, “No matter what happens in the U.S. housing market, owning a home is still an important goal in my life.”
  • 68% of Americans plan to spend money on their homes in the next six months, with roughly half (49%) expecting to pay up to $1,000.
 




Categories: Buying a Home   Real estate  


Posted by Lynn D'Avolio on 4/2/2013

Owning your own house or apartment is a gratifying experience, as you not only have a place you can call home, but you also have the freedom to live the way you choose once you enter your domain. However, to find a home that can truly make you happy, there are a few points that you should consider beforehand. The first point to think about is the neighborhood (where your home will be located). This is important, because you need to feel that the area you are living in will be safe from crime, and that it will also be easy to commute to work on a daily basis. In the end, you do not want to spend too much time traveling in the evenings or in the mornings, as this can only make life more difficult. The next point to think about is how much space you want, as well as how many responsibilities you are willing to put up with. In other words, you could either choose to find a home that has a huge garden and a swimming pool, which is perfect if you enjoy gardening and going out for a swim, or, you could decide to do away with these extra bells and whistles if you hate gardening and do not want to spend time cleaning the pool. In other words, you want a home that you can truly feel comfortable living in, as this in turn will ensure that you can keep your life as stress free as possible. Price is always important, and you want to make sure you look for a home that you can afford. There are a lot of other expenses you have to think about, cable TV, insurance, taxes, telephone, heat, electric, maintenance etc. So make sure you factor all of these into your monthly budget. You do not want to be house poor and buying a home that you may fall in love with can in the end be very stressful if you are struggling to pay for it every month. Look for a home at a good value and that may need some cosmetic fix ups and grow into the home with home improvements down the road. This will bring value to your home and in turn be a good invest when you go to sell the home.





Posted by Lynn D'Avolio on 3/5/2013

If there was ever a time to purchase real estate it is now. A unique combination of circumstances makes buying a home a no-brainer. Here are five reasons why you should buy a home NOW...   1. Houses are more affordable 2. Historically low mortgage rates 3. Prices are stable 4. Home ownership is the path to independence and wealth 5. Owning a home gives you pride of ownership Call today to find out what homes are available in your price range or do a quick search to look for homes and create a profile on this site to save your favorites.





Posted by Lynn D'Avolio on 2/19/2013

There are so many things to think of when buying a home. It can be difficult to think of everything when you are house shopping. When you tour potential homes it can be easy to get caught up in things that may not be as important after you move in like storage, parking, and privacy. When home shopping you should make a checklist of the things you must have in a home so you don't get caught up in the new granite countertops or the beautifully decorated master bedroom. Think function over style when making a buying decision. Here are some things you may want to consider putting on your must-have list. Storage When walking through a home make sure to make note of the amount of storage. A good staging job can disguise a home with too little storage. Imagine the home with no furniture and picture your furniture and belongings in place. If you are seriously interested in the home bring a sketch pad and measure the rooms and draw a quick sketch of walls, doors, windows and closets. Location Consider the location of the home to places you frequently travel. You may only be a few miles from the store or work but what is the commute like? Do a practice run at rush hour from the home to your work. If you are moving near public transportation give that a try too. Make sure to try the commute both ways. Enough Power and Water Imagine waking up the first morning in your new home and finding out the water pressure is barely enough for a shower or the water gets cold half way through.  It is important to determine if the plumbing and wiring can accommodate your lifestyle. Check the size of the hot water tank and run a few plumbing items at a time to check the water pressure. Talk to your home inspector about the electrical system. Make sure the home inspector knows the kinds of electrical equipment you run and the number of people that will be living in the home. Privacy Many buyers overlook privacy until it's too late. Try to spend some time in the house. Look out the bathroom and bedroom windows and test what you see. Do a walk-through of the home and pretend to go through your day. Sit in the back yard and on the deck to see and listen to the neighbors.




Categories: Buying a Home  


Posted by Lynn D'Avolio on 12/18/2012

Buying property can definitely be a very lucrative investment. However, before you decide on buying and selling real estate, you have to have a good understanding of the markets. In other words, if you are looking to buy so that you can sell down the road to make a profit on your real estate, then you are better off achieving this when the housing market is slow, as there is less demand for buying houses, thus forcing sellers to lower their prices. This in turn will allow you to get a home at the lowest price possible, and then being able to sell it at a higher price once the markets begin to move again. Of course, investing in real estate is not only about the current conditions of the housing market. In addition, you also have to look at other factors such as the location the real estate will be in, the condition of the real estate, and the reason why the owner is looking to sell. In the end, buying and selling real estate carries the same risks as any other type of investment, and the only way to avoid these risks is through proper research. More importantly, you will be spending a good amount of money on real estate compared to other types of investments, and so you want to make sure that your money is well spent. By keeping these valuable points in mind, you will be able to find the right property to invest in.