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Flex Your DIY Muscles

by Mehner Weiser Real Estate, LLC.

 

 

I hope you're enjoying the first few weeks of the new season. Fall is the perfect time to get stuff done around the house. It's this quiet time before the hustle of the holiday season. Whether it's simple seasonal changes, regular maintenance, or taking on a new project, take this time to check items off your list. If you plan on holiday guests this year, it's the perfect time to take on a simple project that will make a big impression. Here are five simple weekend projects that will have your family and friends praising your skills.

 

 

 

 

 

 

 

 

 

Where do your guests gather? The kitchen. Make smaller updates to your kitchen without doing a complete remodel, which can be costly.   Try upgrading your cabinet and drawer handles, or add a backsplash. New lighting can also make a big impression.

 

Like the kitchen, guests notice bathrooms. Fall is a great time to get new lighting, sink, or upgrade bathroom fixtures. If you have tile, do a deep cleaning on your grout. If your bathroom is smaller, try painting an accent wall to add a pop that will impress.

Light fixtures can bring a modern look to your home. Updating your lights so everything matches is an investment that can go a long way. 


One of the easiest DIY projects to impress your guests is to give your interior rooms a fresh coat of paint. Your home will have a new, clean look. If you're looking for a wow factor, paint accent walls.

Replacing your floors can be a huge undertaking and can be costly. Give them a fresh look with a deep carpet clean. If you have hardwood scratches or damages, you don't want guests to notice. An area rug can be a great way to cover those scratches and make a nice impression.

 

If you've been trying to find time to make a few updates to your home. Schedule a weekend in October to try these DIY ideas. Do them before your holiday guests arrive, and make a great impression. Updates like these are also great if you're thinking about selling. Call me if you're thinking about buying or selling this fall. I'd be happy to discuss your home and our local market conditions.

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4 Ways Homeowners Can Use Their Equity

by Mehner Weiser Real Estate, LLC.

4 Ways Homeowners Can Use Their Equity

Equity is the difference between your home’s value and your mortgage balance — and most homeowners have gained a lot of it over the past few years. 

Thanks to rising home prices, most homeowners are sitting on more equity than they might think. The typical homeowner had about $270,000 in home equity at the beginning of 2023.

You can tap into home equity when you need it for home repairs, medical bills, college tuition or any other expense you might face. Here are four methods for tapping your home equity.

  • Cash-Out Refinance: With this method, you would replace your current mortgage loan with a larger one, then get the difference between the two balances back in cash to use how you’d like.

  • Home Equity Loan: This is a type of second mortgage that allows you to borrow from your home’s equity. You would then pay it back monthly, plus interest, for 10 to 30 years.

  • Home Equity Line of Credit (HELOC): Unlike a home equity loan, this is a line of credit that lets you borrow from your equity. In other words, you withdraw money as needed, much like you would with a credit card.

  • Home Equity Agreement: This is a fairly new option, allowing you to offer a company a portion of your home’s equity in exchange for a lump sum. Then, you repay the money once you sell or during a set period — but without interest.

Do you want to learn more about homeownership? Get in touch if you have questions or if you’re ready to begin the search for your next home.

5 Tips to Make Your Home Feel Bigger

by Mehner Weiser Real Estate, LLC.

 

 

5 Tips to Make Your Home Feel Bigger

 

If your space feels a little cramped, it doesn’t necessarily mean you need more square footage.

There are minor design and decor choices that can make rooms look and feel larger — and you don’t have to spend much to achieve this illusion.

Are you planning to revamp your place or get your house ready to sell? Here are five ways you can make any room in your home feel more spacious.

  • Use lighting wisely. Adding light is one of the easiest ways to make a room feel bigger. If there are windows in the room, you can increase natural light by opening blinds and curtains. You can also brighten a space with artificial lights, like lamps or chandeliers, if there are no windows.

  • Hang wall mirrors. Mirrors reflect light and can make a space feel like it has more dimension. Big statement mirrors are best, but any mirror can help — even a couple of small ones as part of a gallery wall.

  • Get creative with storage. Having loads of furniture in a space can make it seem smaller and more crowded. To prevent this, add built-in shelves, use vertical space and invest in furnishings with hidden storage space.

  • Choose window treatments carefully. Heavy fabrics can shrink a space, making it feel more compact and confined. Instead, select light-colored, airy and sheer drapes and curtains that let in more light.

  • Pick a light color scheme. Dark colors work like heavy fabrics. To enlarge a space, focus on lighter color palettes — whites, pastels, yellows and similar tones.

Tips for a Thorough Home Inspection

by Mehner Weiser Real Estate, LLC.

Home inspections, while not mandatory, are an important part of the homebuying process. They can help you spot potentially dangerous and expensive issues in a property before you buy it, which may be a valuable negotiating tool.

But home inspectors aren’t infallible, and they may miss things sometimes. So, how can you ensure the inspection goes smoothly and potential problems are identified? Here’s how:

  • Use care when choosing your inspector. To make sure you get an experienced and qualified home inspector, ask for trusted referrals. Then, research the reviews and credentials for those inspectors. You can then call and interview a few before selecting someone to work with.

  • Attend the inspection. We can attend the inspection together to ensure nothing is missed. We’ll walk the property with the inspector, asking questions as we go — but not getting in the way of their job. Once the inspection is done, you can ask for a quick run-through of any problematic areas they saw.

  • Ensure they see the whole house. To truly assess a home’s condition, the inspector needs to go everywhere on the property. The seller should make sure the yard and doorways are clear so the inspector can physically evaluate everything in the home from top to bottom.

  • Follow up with your inspector. Once you get the full inspection report, go through it carefully. If there’s anything noted that concerns or confuses you, call up the inspector and talk through it. You can also ask for a re-inspection if it feels appropriate.

It can be hard to prove that an inspector missed a problem — or that a seller knew about it — once you live in the home, so ensuring your inspection is done properly from the start is key.

Get in touch if you have more questions about homebuying or need help finding a trusted professional.

What to Know About Home Appraisals

by Mehner Weiser Real Estate, LLC.

 

Home appraisals often get confused with home inspections — and while both play an important role in the homebuying process, they aren’t very similar.

During an inspection (which is optional), the property’s systems and structure are evaluated. The inspector will highlight deficiencies, safety hazards or repairs that may need to be addressed before you buy the home.

Appraisers, on the other hand, assess the value of a home to ensure your loan amount is appropriate. If you’re paying for the house with a mortgage, this process is mandatory.

Here are some other things to know about appraisals.

  • They’re done by a professional appraiser. Appraisals are conducted by professionals specifically trained in real estate valuation. A subset of appraisers have approval to appraise properties for FHA and other government loans.

  • Physical assessments aren’t always included. Some appraisals are done via an in-person physical evaluation of the house. There are also drive-by appraisals based on the home’s exterior and desktop appraisals, which are data-based — using property records and local sales data to determine value.

  • An appraisal could impact your mortgage amount. Lenders want to be certain they can break even if the home goes into foreclosure and they have to sell it. Because of this, you won’t be able to borrow any more than the home’s total appraised value.

    If a home’s appraised value comes in lower than what you’ve offered for it, you’ll either need to make up the difference out of pocket, renegotiate with the seller or back out of the transaction.

  • It’s included in your closing costs. Buyers pay for appraisals as part of their closing costs. The exact fee varies, but it’s usually a few hundred dollars.

Reach out if you have questions about appraisals or any part of the homebuying process.

 
FIRST-TIME HOMEBUYERS
 
The Hottest Home Projects This Summer

The Hottest Home Projects This Summer

Want to give your home a little love this summer? Find out the most popular interior and exterior projects to take on (and how much you can expect them to cost) according to new research.

 
How Co-Op, Condo & Home Insurance Differ

How Co-Op, Condo & Home Insurance Differ

Homeowners insurance isn't quite the same as condo or co-op insurance — nor does it come with the same price tag. Here's what to know about each type, including what your policy covers.

Get Smart. Add Value to Your Home

by Mehner Weiser Real Estate, LLC.

Every year smart technology becomes more integrated into every aspect of our lives. Let’s face it. Technology makes our lives easier. Home technology can make your home more efficient, help you save money, and add value. If you're considering selling this spring, you'll find your home more attractive to buyers if it has smart technology. Add these products to add value to your home.

 

Thermostats

Smart Thermostats are one the most common smart home technologies. Many smart thermostats are easily programmable, can sense when you're home, and adjust the temperature automatically. You won’t waste valuable heating and cooling dollars.

 

Door Locks

Security is top of mind for homeowners. Smart Door Locks are a great addition to any home. They allow you to lock and unlock your home from your phone. Some smart locks can even let you know who is coming and going.

 

Smoke Detectors

How often have you walked around your home listening to a smoke detector chirp? With a smart smoke detector, you can save that hassle and get notifications when batteries are low. Plus, you can have more peace of mind knowing that your alarms will work. You may even get an insurance break with smart smoke detectors.

 

Window Shades

​Installing smart shades will help your home be more efficient and safe. You can easily program them to raise and lower to make it look like you're home while enjoying vacation. Smart shades reduce the light that comes through your windows, which will help keep heating and cooling costs down.

 

Smart Lights

​One of the best ways to save on your electric bills and add value to your home is by installing smart lights and light bulbs. Use voice commands to turn on and off your lights and set the proper lighting for your situation. You can even program them to be on and off.

 

With more and more tech-savy buyers and sellers in the market, adding technology to your home can be more attractive. If you're considering selling this spring, consider adding one or all of these products and then give us a call. We can help find the right buyer for your home. Reply to this email or call us to set up a time to evaluate your home. 

How You Can Reduce Homebuying Stress

by Mehner Weiser Real Estate, LLC.

 

Buying a home can be stressful (especially in a hot market). 

But you’re in luck: There are ways to combat any worries you have and make homebuying a more enjoyable journey.

Are you getting ready to purchase a home? Want to ease the stress of it all? Here are four strategies that could help.

  1. Prep your finances early. Having your finances in order can help make the process significantly smoother. You should have plenty saved up for your down payment and closing costs, and be sure to gather all the documentation you’ll need to apply for a mortgage (W-2s, bank statements, etc.).

  2. Communicate openly about what you want. Knowing your needs and deal breakers — and communicating them early on — is critical to a hassle-free process. We’ll go over your budget, home purchase goals and any questions and concerns you might have along the way.

  3. Delegate where possible. You don’t have to do everything on your own; in fact, that could make the process more stressful. Instead, rely on the experts — your loan officer, home inspector and other pros involved in the process. Lean on us for help and support, and don’t feel like it all rests on your shoulders. Family and friends could help carry some weight, too.

  4. Keep the big picture in mind. There may be hiccups along the way, but never lose sight of the big picture: your dream home and all that comes with it. Keeping things in perspective can help you weather anything that might come your way.

Get in touch so you can have an experienced real estate agent by your side and reduce your homebuying stress considerably.

4 Reasons a Home Is a Retirement Asset

by Mehner Weiser Real Estate, LLC.

As a homeowner, your house is likely your biggest asset.

It can help you build wealth and improve your finances — and in retirement, it might serve as a much-needed source of financial support.

That last part is important. Whether you’re 25 or 55, having a plan is critical to an enjoyable and worry-free retirement.

Want to know how your home can help you plan for your golden years? Here are four ways it can factor in:

  1. You can leverage your home equity. Most homeowners are sitting on serious amounts of equity right now. You can tap into that by taking out a home equity loan or home equity line of credit (HELOC). In retirement, these can be great options for covering medical bills, paying off higher-interest debts, or funding home improvements.

  2. You can sell and use the profits. Many retirees choose to sell their homes and downsize to a smaller property. If you decide to take this route, you can use the sale proceeds to support your retirement — plus, you’ll enjoy a smaller home that’s easier to maintain.

  3. You can refinance. Refinancing could help in a couple of ways: A regular refinance may help you reduce your monthly payment and create liquidity. But if you opt for a cash-out refinance, it could also give you funds to use toward your retirement goals.

  4. You can rent out your home. Your house can become a source of regular income in retirement if you rent out a room or the whole home for short- or long-term tenants. Get in touch to learn about local laws and restrictions.

A home can be a valuable financial asset at any life stage. Are you interested in buying a new property? Get in touch today for help.

How to Pay for Your Home Improvements

by Mehner Weiser Real Estate, LLC.

 

You’ll probably want to improve your home at some point.

It might be out of necessity if you need a new roof or fence — or you might want more space or additional amenities, like an updated kitchen or a swimming pool.

Whatever the reason for your projects, you’ll likely need some help paying for them.

Are you planning to make some improvements around the house soon? Here are four ways to cover the costs.

  • Home Equity: You can leverage your home equity to cover home improvements. Among your options are a home equity loan, cash-out refinance and home equity line of credit (HELOC). The latter, which functions more like a credit card, is a good option if you’re not sure how much you need or if you need cash over an extended period.

  • Cash Savings: This can be a great way to pay for any home repairs or updates — just make sure you’re not draining your emergency fund. You should always have a healthy amount of savings as a homeowner so that you’re ready for maintenance, repairs and other expenses even if you hit a financial snag.

  • Home Remodeling Loans: Renovation and remodeling loans are designed just for this purpose. You can use them to cover repairs, updates and other improvements, then pay the costs back over time as with any other type of loan.

  • Credit Cards: These should be a last resort, since credit cards typically come with higher interest rates than other financing options, like loans and lines of credit mentioned above. 

Are you considering buying a new property instead of doing updates? Or do you need a referral to a trusted loan expert? Get in touch today for assistance.

Look Out for These Common Home Hazards

by Mehner Weiser Real Estate, LLC.

 

Homes can have safety issues that aren’t always obvious — problems that could endanger you and your family.

Fortunately, doing an annual safety audit of your property can help identify some of these hazards and allow you to remedy them before they cause larger problems. It may also help you to avoid using your home warranty or homeowners insurance.

Want to make sure your home is safe for you and your loved ones? Here’s a room-by-room breakdown of what to do.

Kitchen
If you have kids, make sure sharp knives and utensils are stored safely in a drawer. You should also check that your vent hood is working properly and that there’s a fire extinguisher within easy reach.

Bathrooms
Do your rugs have nonskid undersides that are in good condition? If not, replace them or add a nonskid mat underneath. You should also check that your electronics are kept away from water sources like the sink and tub.

Bedrooms
Make sure heavy furniture is secured to the wall or somehow anchored. This is particularly important if you have small kids who may be injured pulling down shelves or dressers.

Laundry Room
Regularly empty your dryer vent, and make sure the lint trap is clear after each load of laundry. These can both become fire hazards when clogged.

Living Room
If you have a fireplace, have it inspected by a professional annually. Adding a fire screen (if you don’t already have one) is also important. Be aware that area rugs can be tripping hazards, too.

If examining your property has made you realize that you’re ready to move on to your next home, get in touch so we can start the search together.

Displaying blog entries 1-10 of 22

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Mehner Weiser Real Estate Group
RE/MAX Dynamic Properties
3350 Midtown Place
Anchorage AK 99503
Bethany (907) 223-1632
Bonnie (907) 223-0005