Real Estate Information Archive

So your life circumstances indicate that now is the time for you to buy real estate. Perhaps this will be your first home or you need a larger space to accommodate a growing family. You may be in search of a better school district or be forced to move because of your job. Whatever the reason for your housing search, there are four basic areas you need to investigate and specific questions you should ask before making a final decision on any house.

WISH LIST:
Before you actually tour any homes, you should determine exactly what you are looking for by asking yourself (and your family members) questions such as “What type of house do I want”? How much space will I need? What type of community and amenities are important to me? How much can I realistically afford to pay?

LOCATION:
Once you have narrowed down your neighborhood choices, do further exploration of these locations by asking about zoning, since apartments and commercial/industrial buildings lower the real estate value of homes. Is the appearance of the community appealing? Does the school district have a good reputation/rating? What about noise? Consider nuisance factors such as traffic sounds, barking dogs, railroad tracks, etc.--anything that will disturb or annoy you on a recurring basis. Ask, too, about property easements, commuting time to and from work, and demographics. Will you be the only family with young children or the sole 50+ resident in the neighborhood?

CONDITION OF Home:
In order to determine any structural or maintenance issues, ask about the age of the house, roof, and appliances. What kind of foundation and insulation does the home have? If you’re looking at an older property, ask if the plumbing and electrical systems have been updated. Has the house been inspected or appraised recently, and, if so, were any problems documented? Will the exterior of the residence require annual maintenance?

COST:
Asking the right questions in this area is extremely helpful in determining your offer on the Wilmington DE real estate. Inquiring about neighboring comps, what the seller paid, and how much he owes will give you an idea of the rise/fall of nearby prices and alert you to possible short sale or foreclosure status. Ask how long the house has been on the market and if there have been any offers; perhaps the seller will be willing to negotiate price or offer incentives. Additional inquiries should be made re: the cost of insurance and property taxes on the property and the amount of any homeowners’ association fees.

Arming yourself with answers to questions such as these should help you make an educated decision as to whether or not a particular piece of real estate is for you.

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.   

1.  The first and most important thing you need to do before looking for a home to buy is to find an agent.  The reason this part is the most important is because buying a home is a huge financial obligation and you want to choose the right person to help you with such a big decision in your life.  A good way to find an excellent Realtor is to talk with your friends and family members that you trust to see whom they have used in the past.  Once they give you a few suggestions, you can meet each one and see which one best matches your personality wishes.  You will be spending quite a bit of time with this person so you want to make sure that you get along beautifully with them.   

2. The next step in home buying made easy  is to find a lender.  Many times you can find out from your Realtor about what lenders they tend to use or who they think can be the best match for you and your particular situation.  If your Realtor doesn’t lead you to the best match, again you can talk to your friends and family for suggestions.   

3. You then need to make sure your credit is as clean as it can possibly be.  Lenders can many times give you a bit of guidance in this area so that you can get approved for a loan.   

4. It is important that you get pre approved for a loan before you go out searching for the home of your dreams.  The lender that you choose will help you to know exactly how much of a house you can comfortably afford before you get your heart set on one.  

5. Lastly, figure out exactly what you are looking for in a house.  Make a list of your wants and desires in order of their importance.  This will help to guide you in your home buying  adventure and will help avoid wasting precious time.  
    

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.   

If you have your house on the market you likely already have everything arranged neatly and perfectly throughout the house.  The one area of your home that you may have forgotten about however is the basement.  Below are a few tips for staging your basement so that those who come to tour your home may be more willing to make an offer. 

1. One tip for staging your basement to make it “show” ready is to pick up all of the clutter off the floor.  Most of the time when folks have a basement in their home they tend to use it as a catch all and therefore many items get tossed down the stairs without a second thought.  If you want the house to show the best it possibly can, be sure to put all of your basement clutter away neatly into storage bins. 
2. Another way to stage your basement for a viewing is to paint the basement floor with a sealing paint. You could use the same paint folks use to paint their garage floor with or you may want to do something fancier such as decorative concrete.  Whichever you choose, cleaning up the floor of the basement is a great way to make a statement during a showing.
3. Another good way to stage your basement in order to possibly have a better showing is by finishing the walls with sheetrock.  This is not a huge project to undertake and is one that you can likely do yourself without breaking the bank.   Finishing the walls in the basement can make a really big difference in the way the basement looks. 
4. Yet another way to stage your basement is to do your part to get rid of that typical basement smell.  Use air fresheners and or fans to circulate the air the basement when you know that someone is coming to look at your house.  You can also use a diffuser with your favorite essential oil to make the basement smell nice and fresh. 
5. If your basement is not well lit, you may want to add a few lamps before a showing.  This is a great way to brighten up an otherwise dreary part of the house. 

These are just a few ways in which you can make the basement of your home more appealing by staging.  

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.   

Condo living can be quite liberating if you are interested in downsizing and not having to deal with things such as cutting your grass or fixing things when they break.  Whether you rent or purchase a Condo of your own, Condo life is quite different from owning your own home.  There is a lot less upkeep when you live in a Condo vs living in a house but that doesn’t mean that you want to skimp on décor.  Below you will find a few tips for decorating your Condo that will have you loving your little place in no time. 

1. One easy way to decorate your Condo  that you may want to try is to add a few large mirrors to the walls.  Hanging large mirrors in a small space will make the small space look larger.  Many times, Condos can be tiny and have a lot of angles and awkward looking areas that can make a small space appear even smaller.   Mirrors can help to alleviate all of this. 
2. Another tip for decorating your Condo is to paint the walls a nice white.  You can find many different shades of white and can likely find one that will appeal to you.   White paint will brighten up the rooms in your Condo and make the pallet very neutral and easy therefore to decorate. 
3. Yet another tip for decorating your Condo is to add color with large art wall décor.  When you place a large painting on a wall in a small room it keeps the eye from looking towards the small space and brings the eye up to the artwork which helps the area to appear larger.   Not to mention it can add a great deal of beauty. 
4. If your Condo is very small a good way to decorate  and make the area work better for you is to separate spaces with room separators or curtains.  This works well for Condos that are completely open and don’t have a lot of walls in them. 
5. Adding some shelves to the walls in your Condo on which to sit your knick knacks is a great way to make the space your own and to make it look like you and your personality. 

These are just a few ideas and tips for decorating your Condo that you may want to put into practice.  There are many other ways in which you can create your perfect living environment with décor. 

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.   

Owning a home is a wonderful thing, but you should always be really careful to make the best choices if you make changes to the outside of your home and this includes putting up a fence of any kind.  There are a few tips for adding a fence to your property that you might want to take into consideration before doing so and some of those are listed below. 

1. Before putting up a fence on your property be sure to talk with your neighbors about it.  You need to keep in mind that you are not only putting up a fence in your backyard but you are also adding a fence to your neighbors land as well.  Talk with the neighbors that your fence will directly affect and discuss such things as property lines and types of fencing etc. 
2. Another thing to consider when adding a fence on your property  is the color of the fence and also the style.  Will the color and style of your fence match your home?  If you need ideas of what style fence will look good with your house consider looking online at some ideas.
3. You may want to consider planting trees to use as a fence if you decide you can’t find a style of fencing that will look good with your homes style.  Cypress and pines are great for this type of privacy fencing and they never go out of style. 
4. If you decide to add a wooden fence, be sure that you know you will have to take care of it and paint or stain it every so often.  If you want something that has less maintenance than that you may want to purchase a vinyl fence.  
5. You may want to consider cost as well when deciding what type of material you want your new fence made out of.  Keeping within your budget is always a good idea when adding to your home.
6. Longevity of the fence material is another thing to keep in mind when choosing fencing for your property.  You don’t want to purchase a material that will need to be replaced sooner than you wish for it to. 

These are just a few tips for adding a fence of any kind to your property.  Once you have gone over these tips you should be able to choose more wisely than you would have without them.  

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.   

Decorating your home can be fun but no other room is more fun than decorating the nursery for the arrival of a new little one.  Nothing brings more happiness than welcoming a new baby into the world and what better way to welcome your new bundle of joy into your home than by fixing the nursery up for them.  Below are a few nursery decorating ideas to welcome your new little one. 

1. A little baby is nothing more than a miracle from above so why not decorate your new baby’s room like the royalty that they are.  Decorating the nursery  in a royal theme is a perfect idea whether you are welcoming a tiny prince or a princess.  You can keep the décor unisex by adding some rich colors to the wall or adding a chandelier to the ceiling.  Adding a few decorative pillows maybe in the shape of a crown might be a good idea as well. 
2. Another cool idea for decorating your nursery is to make it extremely colorful with balloon décor.  This type of room can be unisex as well if you stick to the primary colors of yellow, blue, green and red.  If you want to get really creative you could paint a balloon mural on the wall and perhaps an outdoor scene to go along with it. 
3. If you like country décor you could use painted pallets to add a touch of southern sass to the room.  This type of country décor can be unisex if you want or you can make it more of a cowboy feel or a cowgirl feel depending on which you have been blessed with. 
4. Yet another great decorating idea to welcome your new little one into their new room is a Hollywood glitz and glam room.  Sheer curtains hung throughout the room with walls painted pink is a great way to get this particular look and feel.  Yet again, a chandelier may be appropriate for this type of room. 
5. If you want another gender neutral idea for your baby's room  you can use colors such as grey and yellow.  These colors are not only unisex they are timeless as well.  

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.   

Owning a home is a wonderful thing, but you should always be really careful to make the best choices if you make changes to the outside of your home and this includes putting up a fence of any kind.  There are a few tips for adding a fence to your property that you might want to take into consideration before doing so and some of those are listed below. 

1. Before putting up a fence on your property be sure to talk with your neighbors about it.  You need to keep in mind that you are not only putting up a fence in your backyard but you are also adding a fence to your neighbors land as well.  Talk with the neighbors that your fence will directly affect and discuss such things as property lines and types of fencing etc. 
2. Another thing to consider when adding a fence on your property  is the color of the fence and also the style.  Will the color and style of your fence match your home?  If you need ideas of what style fence will look good with your house consider looking online at some ideas.
3. You may want to consider planting trees to use as a fence if you decide you can’t find a style of fencing that will look good with your homes style.  Cypress and pines are great for this type of privacy fencing and they never go out of style. 
4. If you decide to add a wooden fence, be sure that you know you will have to take care of it and paint or stain it every so often.  If you want something that has less maintenance than that you may want to purchase a vinyl fence.  
5. You may want to consider cost as well when deciding what type of material you want your new fence made out of.  Keeping within your budget is always a good idea when adding to your home.
6. Longevity of the fence material is another thing to keep in mind when choosing fencing for your property.  You don’t want to purchase a material that will need to be replaced sooner than you wish for it to. 

These are just a few tips for adding a fence of any kind to your property.  Once you have gone over these tips you should be able to choose more wisely than you would have without them. 

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.

The garage - it's that space where you used to just store your car, lawn mower, power tools, bikes, bats and boxes of things you wore in the 90s. But to say a garage is only for storage is like saying a truck is only for hauling dressers and box springs.

From game room to workshop, man cave to hangout - your garage has the potential to be anything you want it to be. So if you're thinking of redecorating or remodeling your house, don't spend all your time picking out kitchen tile and arguing over what type of counter looks best - step into your garage and let yourself dream big.

With the right materials, some creativity and a little work, you can turn your garage into the star of the house. How? TV personality and award-winning interior designer Anitra Mecadon offers the following five ideas to get you excited about all the possibilities.

Toughen Up Your Walls

No matter what you want to do with your garage, first make sure your walls can stand up to real life. There's probably no space in the house more susceptible to scratches, scuffs and accidental holes than the garage - so pick your walls accordingly. Look for PURPLE Hi-Impact XP made by National Gypsum for extra wear and tear to resist everything from car doors opened too close to the wall to the hockey sticks swung a little too hard. This drywall is embedded with fiberglass mesh to make it impact and penetration resistant - and like all PURPLE drywall, it resists moisture, mold and mildew.

Make Your Garage Your Hideaway

Sometimes you need to get away from it all - especially from your "honey do" or project list - and the garage can be where you go, your hangout, an extension of yourself and a definite point of pride. Add a snack machine, fridge, swivel chair or two and big screen TV, and you and your friends will have it made. 

Lift It Up

Most people have a lot of stuff to store in the garage in addition to cars, tools and bikes. And let's face it, the more available space you have, the more likely you'll find stuff to fill it. That means you'll need to get creative with storage. In addition to shelves and cabinets attached to the walls, another way to store your stuff is to use a raised lift system which retracts up into the top levels of your garage and comes down with a push of a button when you need something.

Hang It Up

There are some things that just don't belong in your house but are perfect for the garage. Just like restaurants that have walls crowded with collectibles such as old soda signs, sea anchors and license plates - garages can follow this same design concept and personalize a space even more. Walls also can serve as anchors for storage systems that hold your tools, bikes, boxes and equipment. And you can rest assured that high-performing drywall, like PURPLE Hi-Impact XP, will stand up to the wear and tear of hanging up and taking down your tools, rakes, bikes and more, day after day.

Do More With Your Floor

Today, garage floors can be anything you want - yellow, red, metallic, acid-washed or made out of heavy-duty vinyl or rubber. And whether you want the grey concrete vintage look of your childhood or something that reflects your more grown-up self, when it comes to garage floors, take a chance and get inventive, because your garage can be your personal and customized sanctuary.

There's a lot you can do with a modern garage, and no matter how you decide to personalize it, the best garage remodel starts at the studs. The right drywall is as important as the right wrench in the toolbox. (BPT)

Millennials are frequently criticized for needing instant gratification, but recent reports point out that they actually have more patience than previous generations. Both the U.S. Census Bureau and Centers for Disease Control and Prevention (CDC) say millennials are delaying getting married and starting a family by almost a decade.

And it's not just life decisions millennials are postponing; this behavior is also prevalent in their financial decisions. According to a recent survey from Bankrate.com, millennials are putting off important financial moves due to high levels of student debt.

"Knocking out debt should be a priority when you are young, but it's also important to balance that with other key financial priorities," says JJ Montanaro, a financial planner with USAA. "Time is your number one ally when planning for the future and delaying now may cost you more in the long run."

Montanaro highlights the three main financial priorities millennials shouldn't hit the pause button on:

Life Insurance

A recent survey found that one in three millennials acknowledge they need additional life insurance coverage. However, most aren't purchasing it because they think it's too expensive or because they have other financial priorities.

While millennials may not immediately reap the benefits of life insurance coverage, locking in the cost of life insurance premiums at a young age can pay off in the future. Montanaro explains that life insurance premiums will only increase with age and additional health complications.

With many life changes likely on the horizon, millennials should find a plan that offers term life event options that allow them to easily increase coverage following significant events such as getting married, having a child or buying a home.

Montanaro also points out that life insurance may not cost as much as buyers anticipate. More than eight in 10 people overestimate the cost of a policy. He says a life insurance calculator is a great place to start to understand coverage needs and estimate costs.

Health Insurance

Regardless of overall health or age, it's important to have health insurance and understand what it covers to avoid additional penalties and plan for the unexpected.

Under the Affordable Care Act, not having a qualified health insurance plan can result in a penalty at tax time. Montanaro points out that this penalty has risen to 2.5 percent of household adjusted gross income in 2016, or a flat rate which is expected to rise in the coming years.

For millennials who may not currently have large medical bills or health issues, Montanaro recommends they look at a high-deductible plan with a health savings account (HSA). An HSA allows account holders to set aside pre-tax money for health expenses and free-up some emergency cash when they do eventually need it.

Retirement Investing

Only one-third of individuals aged 18 to 35 say they invest in the market, according to a recent Bankrate.com survey. Montanaro says sitting on the sidelines with retirement savings may result in millennials missing out on the power of compounding returns and may even extend their retirement timeline.

But retirement investing doesn't have to be intimidating. Montanaro recommends starting small with a low-cost mutual fund, such as a target date fund, that allows a low entry point, requires little maintenance and invests in a portfolio that automatically adjusts as retirement gets closer.

The most important step is to get a foot in the door. While USAA recommends investing 10 percent of your income toward retirement, even earmarking 1 percent for the future provides a foundation upon which to build.

This material is for informational purposes. Consider your own financial circumstances carefully before making a decision and consult with your tax, legal or estate planning professional. (BPT)

Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.

NEW CASTLE MARKET WATCH FOR AUGUST 2016