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May 2022
Real Estate News
Brought to you by Scott Beard

How To Avoid Homebuyer's Remorse in a Hot Real Eastate Market 

Buying a home is almost always a great investment, and of course it's exciting to find and close on a home that you will get to call your own. That feeling of joy and confidence can fade quickly though if certain things are overlooked during the process. 43% of homeowners have at least one regret about buying their home, and that number jumps to 64% for millennials, according to a recent survey. 

Picture of a homeHere are a few tips for ensuring your home purchase is regret-free.

Get to know the neighborhood

Don't let your enthusiasm for a home run away with you. Before making an offer, plan on touring the neighborhood several times. If you see folks outside, stop and chat with them. We've found that neighbors love to talk about the neighborhood and will share both the good and the bad. Do some reasearch on local schools. Even if you don't have school-age children and plan to, buying in the best school district you can afford is a smart move. Homes there hold their value better and are easier to resell. Consider other factors like crime rate, commute times and distance to other things that are important to you like parks or restaurants. These things will have a big effect on how you feel about your new home once you're actually living in it. 

Be patient

There's no getting around it- the market is hot and buyer competition is fierce. In these conditions it can be tempting to snatch up any home that is halfway decent just to be done with it. Unsurprisingly, homes bought with that rushed mentality don't always live up their hype down the line.

Even if things are moving quickly, make sure you take time to examine the details, get a home inspection, and think about what you really want in your home. Keep an eye out for red flags and be okay with walking away if a home does not meet your standards. Buying a home is a huge financial decision, and not one that should be rushed. 

Remember your budget

Bidding wars are all too common, but it's important to balance what you want with what you can afford. A bank may approve you for more than you want to spend every month, butt outspending your budget will not improve how you feel about your home purchase down the line. It's up to you to know what your true budget is and factor in the future maintenance costs, insurance etc. 

Work with experienced professionals

Working with a team you trust can help you avoid major regrets. Pick an experienced mortgage lender and loan officere that will help you evaluate all your options. Choose a knowledgeable real estate agent who listens to your needs, knows the area well and will negotiate with sellers to get you what you need. We pride ourselves on these traits and would love to demonstrate our valute to you. 

Conserve Water on Your Spring/Summer Landscaping

Now is the time of year when lawns come out of dormancy. A time many gardeners eagerly await. This is also the time off year where we trade large heating bills for sometime equally large water bills. As you consider your gardening plan this spring, why not resolve to use less water? 

Lawn Spinkler

We use a lot of water

The US Environmental Protection Agency claims that, acorss the country, watering our landscapoing accounts for nearly one-third of all residential water use, totalling nearly 9 billion gallons per day. In additional, some experts estimate that as much as 50 percent of water used for irrigation is wasted due to evaporation, wind, or run off caused by inefficient irrigationo methods and systems.

Start with the lawn

Sure, a lush, green lawn can increase a home's curb appeal, but if you plan to stay put for a while, you can considering reducing your lawn's size by replacing some areas with mulch or hardscaping. To maintain size, but reduce water usage, you can replant with less thirsty variety of turffgrass and/or not cut your grass so short. Longer grass promotes deeper root growth, resulting in a more drought resistent lawn, reduced evaporation and fewere weeds.

Water more effeicently 

Water your lawn before 10:00am for max efficiency. It's recommended watering between 4:00am - 6:00am. The temps are cooler at this time leading to less evaporation so your soil can absorb more water at the roots. 

Plant early 

Planting new plants in spring vs. summer gives them numerous advantages. Milder conditions are less harsh on the young leaves and buds and lower temperatures require less water for the plants to get established.

Go native

Choosing plants native to your area is another way to save effort and water. Native drought resistant plants require less maintenance and less water once established. They also have added benefits of providing habitates to beneficial pollinators and soil organisms.

Conserving water doesn't mean you have to convert your yard into a rock quarry. Making some minor changes can reduce landscaping water use bus still leaves your property looking beautiful and alive.