Why Consider Installing An Outdoor Kitchen

kitchen

Outdoor kitchens have become quite popular in recent years. They provide a prime place for summer cookouts and add a wealth of entertaining options to any home. Because of this, they can raise the value of your property. As you will read about in Dean Graziosi’s real estate blog, there are many ways to raise a home’s value, so finding or creating features that will be profitable is extremely important. An outdoor kitchen will help do this for you.

 

The size of your outdoor kitchen will depend on the size of your yard. There are many configurations you could choose from, so now is a great time to begin planning how you will use your space.

 

An outdoor kitchen will consist of several components. First, you’ll need a place to prepare food. Typically, this will consist of a grill or other cooking option, counter space where the actual food preparation will take place, and cabinet space for storing items. A small refrigerator and freezer can complete this component of your outdoor kitchen.

 

Next, you’ll need space for entertaining. Some people opt for a screened-in porch or covered area that will help keep sun, wind, and rain out. A space that gets plenty of sunlight might also be preferred. No matter how you choose to arrange it, you’ll want to make sure there is plenty of room for tables and chairs.

 

If you don’t have much space to work with, you might consider simply adding a grill and counter space for food preparation beside your patio. This will still enable you to cook and entertain outside. As an article in the Deseret News points out, there are several ways to create an outdoor kitchen.

 

The size and type of outdoor kitchen you build will depend on the amount of space you have to use for this purpose. The important thing is you will be able to customize your own space the way you want.

 

The first step is to determine your budget. Figure out how much you will be able to spend for renovations, then choose options that coincide with your budget.

 

Next, you’ll want to check out the various contractors in your area who could take care of the renovations. Describe to each the work you would like to have done, and get estimates. Then you can compare the estimates you receive with your budget to see how it checks out. You can add or subtract options as necessary. Remember, you can always add on to your outdoor kitchen in the future.

 

Because many home owners are now adding outdoor kitchens, yours will make your home more appealing when it comes time to sell. You’ll be able to enjoy your new addition for as long as you live in the house as well as reap the benefits of the added value when selling time arrives.

 

Get more tips and information about buying and selling real estate by visiting Dean Graziosi’s website.

Five Real Estate Recovery Myths

The real estate market is full of myths that have been passed from person to person through the years.  When these myths reach new ears, they have the power to create fear and panic in both buyers and sellers.  The recent improvement in the state of the real estate market has led to the creation of new and fast spreading myths.  What we are going to do is try to explain them and show you how they are not relevant.

  • Recovery Is Happening Too Fast – With the sudden rise in home values, many individuals believe that this recovery is happening too fast.  This has led to the belief and fear that this recovery will lead to the same problems that were experienced during the last real estate crisis.  Here’s the truth, markets have cycles.  This means that the market will once again experience high and lows, hopefully the lows won’t be as severe as the last time.  There is no need to panic, simply understand that markets regularly rise and fall, it is in their nature.
  • Demand Is Being Driven By Investors – The myth is that in some states real estate investors are purchasing a lot of low priced homes.  The people purchasing these homes do not plan on living in them; rather they are going to use them as investment properties.  The truth is that buyer demand is showing signs of increasing, however, these purchases are being made by first-time homebuyers and buyers simply looking for a new home.  Investors have been making purchases, but they are not solely responsible for the increase in demand.
  • Sellers Are Unable To Sell – The myth circulating in this scenario says that sellers are stuck and unable to sell their homes for their appropriate value.    This may have been true during the recent recession, however home values are on the rise and sellers are beginning to notice that their value is getting closer to what they believe their home is truly worth.  This is now a better time to sell a home than it has been in previous years.
  • Interest Rates Are High – The myth regarding this situation is that interest rates have risen dramatically and aren’t as low as they previously were.  The truth is that interest rates have gone up, but they haven’t reached a point where they are too high to work with.  The rise in interest rates has been slowly occurring since the real estate market began to show signs of recovery.  The Fed is showing signs that they plan on raising rates, but that will not happen until 2015.
  • Foreclosures Are Over – During the recession we saw more and more homes foreclosed than in any other time.  The myth regarding this is that foreclosures are no longer occurring.  That couldn’t be further from the truth.  Foreclosures continue to take place; the only difference is that they are not happening as often as they were in prior years.

Is a Big Yard Really That Important?

A big yard is on the wish list of many home buyers, but is it really that important.  Many potential buyers have a vision in their head of what they would do if only they had a big yard; what they don’t take into consideration is how much work goes into maintaining a large yard.  If you are a buyer who doesn’t have the time necessary to care for and landscape a large yard you may want to reconsider homes with moderate to average sized yards.

During your home search you may tour properties that feature a large yard, and they may seem appealing because of all of the hard work that the current owners have put into them.  What you need to take into consideration is whether you and your family are willing to put in that same amount of effort to maintain the existing landscaping and mowing.  There are many benefits to owning a home with a large yard, but there are also just as many drawbacks.

Another thing to consider when looking at a big yard is the amount of trees that are growing on the property.  Trees require a lot of maintenance, especially if they are in close proximity to the home.  If the property that you are viewing has a lot of trees, you should also inquire if any of them are varieties that produce fruit.  Fruit producing trees often lead to more birds, squirrels and raccoons which can present danger to your animals and children.  If you are not interested in keeping these trees should you purchase the home, you will also need to take into consideration the cost of removing the trees.

While having a large yard will allow you to entertain and host parties for your children, they also mean a lot of work before and after your next party.  In order to prepare your yard for a party, you will need to spend some time mowing and trimming the lawn.  Weeding any flower beds that may be part of your landscape and clearing the yard of any debris that your guests may stumble on.  If you enjoy entertaining regularly and hosting outdoor BBQ’s this is definitely something that you should consider.

Large yards can be a lot of fun for you and your family, but they can also require a lot of work to maintain.  Before you purchase a home with a large yard you should take into consideration everything that will need to be done on a regular basis to ensure that your yard continues to look great year round.  If you feel that a large yard may be more than you can handle or are willing to take on, you should choose a home with a yard that is within your landscaping abilities.

Why Choose a Preferred Lender

Purchasing a home isn’t without its challenges. Sometimes a seller will line up a potential mortgage lender in an effort to ensure all will run smoothly. The buyer then discovers this upon making an offer. The objective here is to make the closing process as easy as possible while hopefully avoiding delay.

Some sellers are able to find lenders who are willing to provide the financing for an eventual sale even before the properties are on the market. Language is then added to the sales contract that will require the buyer to, at the very least, be pre-approved by the chosen or preferred lender before a sale can be made.

So why would a seller want to use a preferred lender? Securing a preferred lender before you even have a buyer will enable you to weed out those who would be unable to secure financing themselves. This gives the seller more options where the contract is concerned and allows the seller to be very specific.

Since the seller requires the buyer to be pre-approved through the preferred lender, the buyer might just decide to go ahead and use that company. This will save the seller a lot of time and frustration throughout the entire selling process. Even if the buyer decides to go with another lender, the seller can rest easier knowing he or she will be approved and the sale will go through.

So why would the buyer choose to use the preferred lender? Sometimes this is just easier. If a lender has already been chosen, the process may be expedited more quickly. A buyer who is ready to get into the new home may relish an option that means less time. Also, if the buyer applies for a mortgage with a lender of his or her choosing and is turned down, the buyer can then go with the preferred lender. Since the buyer has already been pre-approved, due to the previous contract stipulation, the loan will go through.

As a seller, you might want to consider using a preferred lender, especially if you have already encountered prospective buyers who have been turned down for loans. Even if you are not in a hurry to sell your home, the idea of getting your hopes up only to have them dashed probably isn’t too appealing.

Likewise, if you are in the market for a new home, but feel you may be turned down, choosing the preferred loan option if offered by your seller may be a great choice. That way, even if you are turned down you will still be able to buy. This makes using a preferred lender a win-win situation for both the seller and buyer and may even help the overall process of selling or buying a home that much easier in the end.

Five Ways to Promote Real Estate Creativity

When selling a home, it can be difficult to come up with creative ways of presenting it. Since presentation is everything, this can be rather problematic on the outset. Below are five ways to be more creative when placing your home on the market.

One: Learn from your mistakes. Every seller makes mistakes, especially in the beginning. You can limit these by consulting with a realtor who can help walk you through the process. There’s a lot to selling a home, so seeking good advice is a great idea.

Two: Act on your curiosity. Curiosity leads to creativity. When staging your home to sell, find out what the trends are and have fun setting it up. If you’re not feeling particularly creative, it’s okay to consult with someone who does this sort of thing all the time. If, on the other hand, you are looking for ways to channel your inner artist, begin staging your home in ways that would be appealing to others. Remember, you are in the market to sell, so your choices should not reflect what you yourself would prefer. Instead, ask questions. Begin with variations of what if? Why? Why not? These should get your creative juices flowing in the right direction.

Three: Seek inspiration. If you aren’t sure of the best ways to showcase your home, look for others on the market that are similar in structure. Take a look at them for ideas. While you don’t want to copy off of what others have already done, you can learn a lot about your own creative process by examining what’s out there, what’s working, and what isn’t.

Four: Utilize a realtor. Many people often try to sell on their own. If you have sold a house before, or if you frequently purchase investment properties to sell later, you may be well-acquainted with the real estate industry. In this case it might be okay to sell on your own. If you are not familiar with the process, however, don’t go it alone. Sure you’ll wind up paying a realtor, but it will be worth the money. This will allow you to be creative while seeking much-needed and appreciated professional assistance.

Five: Have fun. The first rule of being creative is to have a great time doing it. Selling your home is a serious endeavor, but when getting it ready for others to see, you should take the time to enjoy the process. Also be willing to try new ideas and keep up with the latest trends. That way if your home isn’t selling, you will have other ideas to fall back on to make it more marketable. This will also continue the flow of creativity which will carry you right up to the sale date and beyond so you’ll be ready the next time you decide to sell.