Around 8.4% of Americans have relocated in 2021 and it dramatically increased in 2022 during the pandemic.
The truth is, regardless of the situation, people move now and then because of various reasons, such as lifestyle changes, getting married, wanderlust, family emergencies, work purposes, and so on. However, no matter how many times a person relocates, moving remains to be a tedious, strenuous, and stressful task to do.
So if you're looking for ways to make your next relocation as easy (and eco-friendly) as possible, you're in the right place!
You scrambled to collect all the necessary things, focused on checking all your boxes, and kept busy with everything not realizing that this move affects the environment. If this sounds familiar, don't worry! You're not alone. A lot of people don't often notice the effect of relocation on the ecosystem.
Based on environmental agencies, transportation is one of the leading contributors to greenhouse gas.
Greenhouse gasses absorb the sun’s heat that radiates from the Earth's surface, trap it in the atmosphere and prevent it from escaping into space. They also stay in the atmosphere for decades and increase atmospheric temperature known as global warming. It has a ranging effect on the environment and health through smog and air pollution that cause respiratory disease. There are also long-term effects such as:
To prevent this forecast from happening, countries all over the world have agreed to reduce greenhouse gas emissions. For instance, they hire an eco-friendly moving company. Not only does it make their life much easier, but it can also help the environment.
Hiring eco-friendly moving companies go out of their way to reduce waste and lower emissions as much as possible. They eliminate waste, use trucks that utilize biofuel rather than gasoline, and take efficient routes.
Going green takes effort but it’s not that difficult a thing to do. No matter how small our part is, it can definitely create a big impact on the environment.
Cardboard moving boxes require using plastic tape which can be wasteful and expensive that will cost more on your budget. There are several ways to pack your valuables and reduce waste on a move.
You can try renting plastic bins or renting moving boxes. They will bring the boxes to you and take them back when you’re done. By doing this, you won’t be stuck with cardboard boxes after your move.
Some rental boxes you can search include:
If you have used cardboard in your home, you can use it to pack your valuables without spending money. Search for them at your recycle bin, local stores, and restaurants.
Most of these places will be happy to get the boxes off their hands and won’t charge you a dime for them. You should collect them in advance so you have time to prepare. Just make sure to pack it properly to avoid things from breaking and damaging.
Decluttering doesn’t have to mean throwing things in the trash. To declutter effectively, you may start by preparing four separate piles:
After you have packed everything, declutter, and organize your items, you still have to move them from your previous place to your new location. You can help the environment and be eco-friendly by minimizing your trips if possible to one trip or two. And, you can pay less for gas and reduce time on the road, saving you more time.
Moving to a new home doesn't have to be overwhelming. It can be easy, exciting, and at the same time, economical. With these ideas, you can unpack wisely, declutter quickly, and move without any hassle.If you want to learn more tips like this, visit our website or call us at 317-316-8224 so we can assist you!
You’re all set to go for your much-awaited vacation.
Your OOTDs are ready.
You’ve also made sure your pets are in good hands while you’re gone and your plants are watered when you’re away.
In short, as John Denver sings: “all your bags are packed and ready to go”.
Whether it's an overnight or a weekend getaway or a week-long or even much longer trip, it's important to take extra security measures to secure your home's safety.
Here are some tips to help keep your abode safe before going on a vacation:
Install or set timers on interior lights
You have to give the impression that someone else is still in the house while you are away. Turning timers for interior lights, television, and radios will confuse burglars who always look for opportunities to initiate crimes.
Test smoke alarms
Make sure that all alarms are working and the batteries are all replaced. It is also best to put a fire extinguisher on hand in case it will be needed.
Unplug appliances to avoid power surge
Anything can happen and you never know when a power surge may occur, so it’s good to be prepared. Unplug all unnecessary non-timed appliances to make sure that they will not cause an accident while you’re away. You can also consider plugging them safely into a surge protector.
Alert the alarm company
Getting a security system makes your home much safer and gives you peace of mind. If you have an automatic security system, you may call the in-charge representative to let them know you’ll be away from home for a couple of days. Make sure to check the alarm and that it is set properly when you leave. As everything can be accessible, consider using remote monitoring with your smartphone or putting a video doorbell for some added protection in your home.
Securing your valuables
Before your getaway, make sure to put all your valuables like cash and jewelry in a safe place you only know. You can also put them in a home safe and avoid leaving them in plain sight where thieves and burglars can see them.
Set HVAC
Program your thermostat to lower the heat or air conditioning usage to your desired temperature. Also, don’t forget to change the battery.
Protect your pipes
Check your pipes if they are insulated, especially in vulnerable areas like basements. Setting your thermostat can help if you’re in a cold area. You may also ask a neighbor to turn on the faucet from time to time to avoid pipes freezing.
Consider a house sitter
You may also have the option to hire a house sitter that will look after your home while you’re away. They can also take care of your plants to water them and your pets in case you can’t bring them with you on your trip.
If you’re a social person, it’s enticing to share your adventure and travel on social media. However, posting too much information can lead to thieves knowing you’re not home. Hold back from publicly sharing any details of your trip until you have returned. Showing and sharing your vacation plans or location out loud leaves an opening for potential burglars.
If you like to post, remove geotags from your socials by turning them off on your phone’s settings. Switch your account exclusively to your friends only and not to the public.
Lock up doors, windows, and garage
Take time to install the best door lock that will provide the first line of protection for your home and secure other openings to prevent burglars from unlocking the door. Before you leave your home, see that all windows and doors are locked. In the garage area, disconnect the electric opener (for the automatic garage door) and place securely a padlock on the garage door track.
Garden care
To avoid any burglars from thinking there is no one in your home, think about having a local service to arrange lawn care while you’re away. While you’re at it, you may also ask to trim some of the branches. Don’t give them a chance to access your home by climbing onto the tree branches so you might want to consider pruning them.
Enlist your neighbor
If you have a trusted neighbor, tell them that you’ll be away for a vacation and ask them to keep an eye on your home. You may ask them to have their vehicle parked in your garage to keep burglars at bay. You may also request them to call the authorities if anything happens while you’re away.
Stop delivery of newspapers and mail
Request to have your mail deliveries on hold while you’re away. If you can’t make it, you can ask a neighbor to collect your mail and newspaper delivery on your behalf so it won't look like nobody’s around your home. Again, you don't want burglars to easily have a clue about your absence by the mounting newspapers on your doorstep.
Secure the outside of your home
Keep your grills and trash cans inside to avoid any accidents and damage to your home and property in case there would be severe weather like hurricanes and tornadoes.
Remove your spare keys
Don’t leave any spare keys behind when you take your vacation. It is best to leave it on your neighbor instead of hiding it in places you think are safe. Burglars nowadays will take it to the extent of searching long and hard until they find the keys and easily enter your home.
Check outside lighting
Invest in lights by buying and utilizing motion detector lights. Install and set timers for outdoor security lights. Keeping your lights turned on at night will make your home easily seen by burglars breaking into your home.
Additional tip: You may also consider purchasing the appropriate amount of home insurance for your needs, such as the renter's home insurance.
To make the most of your well-earned vacation, make sure you have enough systems in place to care for your home while you are gone. Whether you simply ask a neighbor to come in and pick up your newspaper or consider a home sitter, a few easy steps before you leave can allow you to return home the way you want it to be.
We are always looking for ways to make our home look good, may it be inside the house or an outside improvement. While expensive upgrades are one of the best ways to go, being practical with something simple can do as much. Depending on your home improvement, it can add value to your home, like a landscaping project on your front or a minor kitchen remodeling.
Even adding a fence to your backyard can increase the value of your home. It might sound like a simple improvement but doing so boosts your home's worth.
But before you install a fence on your property, here are a few factors to consider:
Understand You Goal
Although installing a fence may seem easy, installing it the right way is important. Fencing may not be always right for every home, but with the right design, research, and functionality, it adds up to the total value of your home.
Putting a fence on your home adds privacy to your property. You don’t want everybody to see every event or occasion happening in your home. It also creates a border, dictating where your property ends and someone else’s begins. Plus, it adds an aesthetic look and protection to your home.
Meanwhile, if you live in an area with wildlife, fences could help you keep safe. It gives your home a sense of added protection from wildlife, trespassers, and strangers wandering onto your property. Same if you have pets and children around, it will keep them safe from running on the streets while they play.
Knowing why you need a fence can help you find the fence you need. After doing so, you can now estimate the budget you’ll be needing and get ready to start. However, you must understand any potential rules about the type of fences that can be installed. Ask your neighbor or the homeowners association about the rules and guidelines for putting up a fence.
Constructing a fence isn’t cheap. Its costs include the length of your fence perimeter, any necessary permits needed from your city, and the type of material you’ll be using.
Here are some options for the type of fences you can consider.
Some real estate agents' top picks are classic wood and vinyl with plastic white picket fences being the most popular due to maintenance. Many white picket fences are vinyl that doesn’t require maintenance aside from the occasional hose down.
Location and climate can also create an impact on your decision in choosing a fence. Depending on your location, your fence should be able to take heavy rain, wind, and snow. While aluminum looks similar to wrought iron and doesn’t rust, it does corrode and is not quite as durable.
Research
Doing research ahead of time and taking options will help you decide what type of fence you will get that will protect your house and your family for the years to come. Deciding which fence you’ll go for will give your home the best return on investment.
Things You Need To Do Before Installation
Before everything else, it is important to know your property’s boundaries. Building a fence in the wrong location can cause issues. You can call a surveyor to get the right measurement of your property. You can also look at the map of your plot of land and boundaries if you have it.
Hiring A Fence Installer You Can Trust
If you have the budget, hire a professional for your fence job. A professional can help you install your fence easily and ensure that the fence to be installed is sturdy, durable, and provides the curb appeal you’re seeking.
Searching for reviews and references is also important when you look for a fence installer. You don’t want to have your money go to waste, right? Look for their previous experience related to your unique fencing needs and be sure to meet and interview them.
Enhanced Appeal
Fence installation can help make your home look more expensive and tidier. It can also add an overall appeal to your home. It shows your home and your property border. A fence can also contain a clear and precise look between your property and that of your neighbors. Going for a fence is just one way to increase home value. It is also a very practical addition to your investment property.
If you're looking for more ways to improve your home without spending so much, you may visit our website today!
Without a doubt, moving is a stressful process. There are just a lot of things to consider, such as when to move, what stuff you need to move, and more, and other than that, you might also worry about your things getting damaged.
Luckily, there are simple and effective tips that can help make your move as easy and organized as possible. So if you’re looking for a quick guide on how to make the process a little bit stressful, you’re in the right place!
Below are ways you can make your relocation more manageable:
Make A Moving Checklist And Timeline For It
Before you start packing your things, it is best to make a draft of the moving checklist. Give yourself a timeline, but still, it will depend on the reason for relocating, how far is it, and the notice given to you before the move. You don’t have to pack all your things in one day. Help distribute the task evenly so you won’t feel rushed or overwhelmed.
Set Your Budget
Moving can be expensive, but setting a budget can help you save money on your move. Your budget will help you determine if you can hire a professional mover or would prefer to have a DIY. Make sure that you don’t overspend on your set budget.
Declutter
This is the perfect time for decluttering. Let go of those things that you won’t be needing anymore and keep those you think are still useful. You can also donate some of your things that are still good to throw away. This will also help you make room or space for other items you’ll bring with you on the moving day.
Investing in quality moving boxes
Taking advantage of free cardboard or used boxes can be tempting as it will also save you money. However, reused moving boxes can be brittle and breakable since they have already been used. You don’t want your boxes falling apart on the day of your move so buy boxes that are durable and are made specifically for moving. Moving boxes are relatively inexpensive.
Buying Package Supplies
Now that you have a better idea of the things that you have to move, it’s time to get the package supplies and of course, moving boxes that you’ll be needing for your move. Get more supplies than you need, it is better to have more rather than run out of supplies later on. This will save you time.
Hiring Professional Movers
Hiring professional movers can sometimes make your life easier. Why? You won’t need to tire yourself packing things one after another. The amount of work of hiring professionals can take off your worries. If you hire the right company, hiring a professional mover can be a great experience. Make sure to ask questions and do your research before signing the contract.
Updating Your Address
Some people forget to update their address once they have moved. Taking time to change your address and forwarding mail a day before your move can save you the hassle later on.
Packing Essential Needs
Packing and moving days are always chaotic. Packing an essential bag is useful when you move as you won’t need to search all the boxes just to find the thing that you need. Pack items you’ll need access to during the move and right after you’ve arrived at your new home. It should include a change of clothes (for a day or two), hygiene items, medicine, important documents, and gadgets.
Color Code Or Labeling Boxes
The label or color code holds the key to easy unpacking. This could save you time setting up your new home. Clearly label the top and at least two sides (enough for you and movers to read). Wrap marker in packing tape or clear tape to prevent tearing, scratching, or complete removal of your labels so even when the boxes are stacked for months, the label will still be visible and you’ll be able to identify where each box belongs.
What To Pack First
Start packing things you won’t need daily. Items like home decor, personal collections, books, and the like are some examples. After you’re done with the items you need, you can continue packing for items you use more frequently until you’re down to your essentials.
Carefully Packed Fragile Items
You don’t want to break those precious vases when moving so to ensure all your valuables are safe, have plenty of packing peanuts, lots of newsprint, box inserts, bubble wrap, and tape on hand. If you are also thinking of packing your plants (yes, you can transport them) with some smart thinking and careful planning, plants can be safely transported to your new home to continue to thrive there. Here are some recommendations that will help you along the way with your plants.
Stop Over Packing Moving Boxes
Use as many boxes as you need when packing. Don’t just toss all the things in one box. The desire to consolidate is understandable but make sure to leave space so movers can lift it easily. It will also avoid things from being damaged. Tip: you can put in an old blanket or towel to prevent items from shifting around in transit.
Take Pictures
On the day of your move, take a photo of your items so you would know when fragile or valuable things go missing or get damaged during transit. This will also be helpful to recall items you pack. You can also snap photos of complex wirings so you have a guide when you set it up once you move.
The moving day will be busy enough, so be sure to check everything and make sure that you are all set the night before your move-in date.
For items that need wrapping on the day of the move, get it all done before the movers show up to load the truck. You can also take one last look around the house to ensure that all items are loaded on the truck and keep the progress moving.
Have you relocated recently? Feel free to share your moving day with us in the comments section!
Owning a house is one of the largest single investments you’ll ever make, and it usually starts with house hunting.
When you buy real estate in Indiana, you’ll spend a lot of time, energy, and effort searching for the home you like. So before you close any deal, write down a list of potential questions and ask the owner before you decide to buy the property.
It’s always a good idea to do detective work and get some answers. It may not only give you peace of mind, but it will also save you from any financial problems in the future.
There are many reasons people move, such as the desire to move to a larger house, job relocation, moving to another state or country, life events, marriage, etc.
It’s good to ask this question though sometimes they won’t give you an honest answer, but it can still be helpful when you make room for negotiation.
Ask a utility to run a check and maintenance cost of the house. It’s hard to know the true cost of a house, so getting help from a knowledgeable person can save you every month.
By knowing your average water, electricity, and gas bill, you can determine if you can afford the house plus its monthly bills.
You can directly ask the seller or the real estate agent how long the house has been on the market. One of the reasons a house ends up staying on the market for long is because of its high price or because there’s something wrong with the property. The more the house spends on the market the more power you have to make room for negotiation to lower its asking price.
You can directly ask the seller or the real estate agent how long the house has been on the market.
One of the reasons a house ends up staying on the market longer than usual is either it's too expensive or the property itself. The more the house spends on the market, the more power you have to make room for negotiation to lower its asking price.
If you know the previous price of the house, you can easily notice if the price has been marked up or down. Knowing how much the seller paid can help you make room for any negotiation. If they were able to buy it at a much lower price, you can lower your offer but make sure that it is still at a reasonable price. In case they didn’t tell you the price, you can always check the public records where the house is located.
The seller will not say it outright if there is anything wrong about the neighborhood, since this might affect the buyer's decision.
You can survey the area and try to understand your potential neighborhood. Observing is one of the keys to determining whether it's the right home for you or not.
Find out if it has a strong sense of community or there are any problems before going through the purchase. Visiting the local police department can also help you determine if it is a safe environment to live in or not.
Home sellers must tell you about any current problems with the house though it may vary from state to state. However, home sellers are not legally required to disclose issues if there are any.
You can enquire whether the seller has had to repair any issues with the house and how well the remedy worked, particularly if it is a former issue that has been resolved.
It also helps to know who completed the work in case a similar issue arises.
This is one of the most common questions to ask, but it is similar to asking why they are moving. Find out how long they have lived in the house and try to have them open up or share a memory of them in the house and observe if there are any signs that the house might not serve your needs.
How the house looks is important and so is asking about the age and condition of the house as this can help you prepare for any impending expenses.
Knowing how updated it is is necessary to repair or replace important components like the water tank, A/C unit, heating system, septic systems, plumbing, electrical systems, and appliances.
It is important to ask if there are any major repairs or renovations made to the house and who did it. You may also ask if it is DIY, with a licensed contractor or professional. Bad renovation, plumbing, or construction can end up wasting more money and exhaust you financially.
You don’t always have to dig for dirt. You can ask questions with a personal touch. Try to find out what the seller loves about their home. It can get the seller to talk about their home and the neighborhood. They can also talk about a specific place in the house or a favorite spot. You might learn something positive that you might not have known.
Getting a list of questions to ask before buying a house is important. You want to make sure about its history before anything else. Talking to the seller can help you learn exactly what you could be getting into.
Besides, having a real estate agent can also give you a handful of information in case you didn’t find the answers you want to know in the seller. Knowing the house will give you peace of mind and save you the hassle.
The real estate market in Bartholomew, Boone, Brown, Decatur, Hamilton, Hancock, Hendricks, Jackson, Jennings, Johnson, Madison, Marion, Montgomery, Morgan, Putnam, and Shelby counties continue to offer promising opportunities for buyers and sellers across all property types, including Single Family, Condominium, Townhouse, Farm, Residential, and Manufactured Homes. The data provided in this review has been sourced from the MIBOR Listing Cooperative, and while there are some fluctuations, there are still positive aspects to consider.
Overall, despite some fluctuations, the real estate market in these counties continues to present opportunities for buyers and sellers alike. The median sales price, though stable, reflects the attractiveness of the region, and the increase in closed sales and new listings indicate a healthy level of activity. With a relatively fast median days on market, sellers can expect reasonable offers, and buyers have a growing inventory to choose from. These factors combine to make it an opportune time to engage in real estate transactions in these counties.
For all your real estate needs in these vibrant markets, we encourage you to reach out to RE/MAX Advanced Realty. Our experienced agents are ready to assist you in navigating the current market trends, finding your dream property, or selling your existing home for the best possible price. Contact RE/MAX Advanced Realty today and let us help you make your real estate aspirations a reality.
Deciding to sell your home is one thing; getting it ready for potential buyers is another.
As the seller, you need to take care of the cosmetic fixes that will make your home more appealing to your buyer. Once you finally have a buyer and have accepted the negotiated price, the deal is almost close... or is it. In reality, this is not where it usually ends.
Before saying goodbye to your property, your next focus should be on the best way to prepare for a home inspection.
In a real estate transaction, the home inspection occurs after the buyer and the seller signed the purchase agreement. Many buyers insist on inspecting the home, so we recommend hiring an inspector before even posting your home for sale in Indianapolis. This will let you see, inspect, fix, and make changes ahead of time to avoid the stress and possible loss of sales due to unforeseen problems. Also as a seller, you want to make your home pleasing to your buyer.
During a home inspection, the property is examined from top to bottom. This means that every roof, foundation, wall, electrical, HVAC system, and plumbing is being evaluated. They will also check for termites, molds, mildew, leaks, and other signs of damage. So, preparing the house for a home inspection will help you ensure it goes smoothly.
A thorough and deep cleaning is a must. Make sure to see all the nooks and crannies in your home. Clean your countertops and remove any furniture that is on the way. While you're at it, grab the opportunity to declutter the items you won't need anymore and separate them from stuff you will keep.
Keep everything clean and tidy, making plenty of room in your home.
Maintain this kind of cleanliness for the home inspector. How you clean your home may not play a big role in the inspection, but a dirty or messy house may make the inspector suspicious that other areas of the property aren't properly taken care of either.
You want to make sure that the home inspector will have easy access throughout the property. Having difficulty in the areas that need checking or inspecting will leave a problem and an impression on the buyers.
Clear away any clutter on the way that the inspector will need to take a look at like the attics, basements, sinks, heaters, furnace, and other areas that need to be checked.
Furthermore, the inspector will also be going to check the exterior, including caulking around the windows and doors. Leave the areas around your home free from any blockage like storage items and trash so they will not be obstructed. You can also trim trees and bushes and make your home exterior as clean and tidy as the inside. Don't forget to supply keys for any electricity boxes or sheds that may be required.
Make sure that when the inspector visits, all the utilities are on. Keep them running as you want to make sure that everything is ok, including electrical components, plumbing, and gas. Sometimes this is a mis-overlook that causes delay during an inspection.
Check for toilet flush. When you deal with a problem daily, it becomes simple to ignore it, but you don't want the house inspector to discover it. Take care of the issue before the inspection because fixing a running toilet is a quick and inexpensive fix that you can do on your own with a quick trip to the hardware store.
Flip all the switches and check safety features. A blown bulb can mean one of two things to a home inspector: either the bulb is broken or there is a problem with the wiring of the fixture. Either the inspector will have to spend time evaluating whether a fixture is inoperative, or they will simply record that a potential fault exists without further investigation. By making sure that all of your bulbs are in good operating order, change the bulbs so you can prevent both of these situations.
Take a tour or walk through your house and check each door and cabinet if it's still working properly. Hinges in the cabinet are easy to get loose. These can result in cabinets not closing properly and will not match the frame. You can avoid these by tightening the screw in the hinges with a screwdriver.
For doors, check the interior and exterior doors if it still fits or latches properly into the frame. Locks and door knobs should also be checked and should be securely in place, specifically doors outside for security purposes.
A confusing box is frustrating especially if the inspector is the one to see it. Check for the breaker box and make sure that all the switches in the box are labeled correctly and clearly and replace labels that are incorrect or are difficult to read.
Test for appliances and water fixtures for possible leaky faucets and replace them with new ones. Take time to also check smoke and carbon monoxide detectors so you could replace the battery when needed.
Replacing your furnace filter regularly is important to keep the air quality and overall function of your heating system. By doing this it will lessen the things that the inspector needs to check. You can also replace the existing filter to show that you always pay attention to it.
Lastly, if you have fire extinguishers, make sure that the expiration dates are not out of date hence, replace them with new fire extinguishers.
You should be ready for questions the home inspector might ask particularly things you didn't think of. By the day of the home inspection, you should have done everything you can to prepare and make sure that everything will go smoothly. At least an hour or two before the scheduled inspection make quick rounds on the house ensuring that all the utilities are on, double checking areas that need clear access and systems all around the house, and unlock any gates, electrical boxes, or other areas that you normally keep secure.
Not all buyers expect perfection. Relax and calmly do what needs to be done. Like you, they just wanted to make sure that the place they will purchase will not have any problems or heavy burdens to take. A few issues won't hurt. Most of all if there would be any issues you would be the first to know as you have already checked everything before the visit.
If you are thinking of getting a new property, co-buying or joint purchasing a home with your partner, family or friends is an option that can offer a quicker path to home ownership. It is also a common way that people enter the property market, especially if they're buying to occupy. With property prices still increasing and the urgency and pressure to own ever-present, property co-ownership is a sensible option for anyone wanting to buy their first home or enter the market as an investor more quickly.
But first, you have to learn how to co-purchase a property wisely and safely.
To ensure that co-buying or co-ownership is right for you, you need to take into account risk vs reward. When you are in a co-ownership, you can pool your money with friends or family to buy your first home, sooner. You also don't need to save a lot for a full deposit as you can combine your borrowing power to borrow the rest from a loan provider since you will both pay for it later on. It will also give you more options to choose from and will reduce a lot of costs like living expenses and bills.
You can own a property in a variety of ways, such as personally, corporately, or even as a trust asset. Each structure has advantages and disadvantages; therefore it is essential to consult with a legal, tax, or financial consultant to determine which one will be most advantageous for you, especially when considering tax advantages.
Considering the basics of a home is also a must! Like the location, neighborhood, and establishments, such as restaurants or malls (if you are outgoing).
You may also want to dive into the house details, like how many bedrooms or yard sizes you want. Above all, think about what kind of home will be best for living communally. That being said, you may want to look for a place where you can design wonderful communal areas that promote socializing and at the same time, a place where you have plenty of private spaces to retreat to when necessary.
Once you've decided to co-own a house, you need to discuss or settle an agreement on the rights and legal obligations of each joint owner of a property. You may want to discuss these matters with your lawyer before deciding to buy. Depending on your agreement most cases will cover who will reside at the house, and who will be responsible for the payments, like mortgages and property maintenance. In case of unfortunate events like death and bankruptcy, you need to put a plan for what happens with the property.
You may also decide to split the ownership share 50-50 or according to the percentage of your contribution. Your purchase agreement and certificate of ownership will both indicate that you are "tenants in common" in this situation. Each individual owns their own unique share, which they are free to sell, lease, or deal with in any other way they see suitable.
If your co-owner is your partner you may want to opt to purchase the property as "joint tenants". This means you both effectively own the whole property. If again, an unfortunate event happens, if your significant other dies, the other half would assume the whole title to the property.
Property co-ownership is a good option but it’s not for everyone. So before anything else, it’s important to know the legalities and the risks involved before entering a co-ownership or joint ownership with someone.
Getting legal advice is always a good idea to determine whether you need a written agreement or not. This will help you know and reflect on all the details of split or joint ownership and any terms and conditions around the break of that agreement.
Talking to a realtor is also a key guide in home buying. They are also one of the best experts to reach out when you need help deciding what kind of home will work best for co-ownership. The experience of being in a home can help you extend your intuitive sense of what home means and refine your list of must-haves, deal-breakers, and compromises.
Another factor that lenders assess when determining whether to provide a mortgage to someone is the amount of debt that person is responsible for, and they will likely assume that each of you is possibly responsible for your entire mortgage payment. It could also be harder to make another purchase while you're still on the co-buy loan. You also can't buy and sell shares of a loan to others.
If you are also planning on buying the house using "cold hard cash" (which by the way will make it easier for everyone to enter or exit the arrangement), you can talk to your financial planner regarding the cash purchases and how to split the money and other arrangements.
When co-buying and living under the same roof, you have to set the rules. This means setting the quiet hours, whether pets will be allowed, rental policy, and other crucial things you want to add up.
Having regular house meetings is also a good idea. It's pleasant to get together for regular check-ins and work parties, and it makes it simpler to handle issues or make changes to how you live together before misunderstanding occurs and erupts into raging volcanoes. Make an effort to maintain the relationship. It's easy to take each other for granted when you live together, but not too much. It's all about the work while enjoying it.
To sum up, purchasing a house with others may sound exciting; however, it can also be challenging.
To prevent any future difficulties or disputes, it's crucial to have independent financial, tax, and legal advice. That way, you will also know and protect your rights and peacefully enjoy the property co-ownership for many more years.
Nonetheless, you've got this! It may feel new, it may feel more complicated, but it can be done with the proper guide. And as always, if you need help on this matter, our team at RE/MAX Advanced Realty - Indy Home Pros is here to help!
Moving across the street or the country is already stressful, especially during this hot season of home buying and selling. Other than the daunting process, another challenge is the short supply of moving trucks due to the demand.
But, don't worry! We're here to make your moving day smooth and efficient by sharing a few tips on how to pack boxes for moving without breaking a sweat.
Go for a mid-week, mid-month move-in date. As the weekend draws near, the cost of movers and rental vehicles will rise. During regular business hours, dollies and elevators will be available for your use. Additionally, you'll have the entire weekend to settle down and unpack!
Contrast opportunity cost with moving firms while choosing one. As a general guideline, request estimates from three or more different businesses. Then, you'll be confident enough to select whichever, in terms of cost and service scope, best suits your demands.
Before you start packing those boxes, make sure you’ve decided on what not to pack. Focusing on things you want to declutter will help you know what to pack later on. Get rid of anything you don’t love, need or want. Bringing items you don’t need or want in the new home is a waste of time.
Moving in is already exhausting so avoid lugging anything you're just going to toss out later. Clean up everything from drawers, closets, and storage units before packing even begins.
To properly declutter unnecessary belongings, start by preparing four separate piles: a trash pile, a donation pile, a sell pile, and a storage pile.
Anything that’s not worth donating can go directly into the trash. Remember to throw away trash responsibly. Items that are used once or just a couple of times but are not worth keeping or selling can go to the donation pile. You can give your donations to charitable sites. It’s a win-win for you! You can help others at the same time let go of the items you won’t be needing.
Anything that is of value and worth can go straight to the sell pile. Easy-to-use apps for pre-owned belongings can help with that. Lastly, for items that you won’t be needing anytime soon but are not yet ready to toss, put them in a storage pile.
After deciding what to toss out and toss in with those boxes it’s time to organize them. Using box labels, sharpie markers, and color-coded stickers or tape will make it easier for you to keep track of what’s inside each box, especially if you don’t want to lose items during the move.
Organizing your boxes will also help movers (and yourself) know where to put everything once inside the new home. You also want to avoid filling one box with heavy things such as dozens of books. Remember, large boxes should contain lighter items, such as blankets and pillows, and small boxes should contain heavier items, such as pots and books.
Once you’ve organized your things, it's time now to pack! Are you ready to begin?
To make packing more efficient, focus on the room one at a time. Begin with rooms you won’t need in the coming days or weeks leading up to the move. For example, packing up your closets, libraries, and living room could take at least a month or two before your move date. While rooms to pack last might include bedrooms, bathrooms, child’s playroom, nursery, and kitchen. Labeling each box according to the corresponding rooms will also make it easier for you to find as it is organized.
You don’t want to break those precious vases when moving so to ensure all your valuables are safe, have plenty of packing peanuts, lots of newsprint, box inserts, bubble wrap, and tape on hand. If you are also thinking of packing your plants (yes, you can transport them) with some smart thinking and careful planning, plants can be safely transported to your new home to continue to thrive there.
Here are some recommendations that will help you along the way with your plants. Hydrate your plants before uprooting them. Give your plants a trim. Uprooting your plants with care by watering them before digging up and keeping as much soil attached to the roots. Re-plant as quickly as possible. You may also take a photo of your items before moving just in case it gets damaged. After packing up each box, make sure the tops, bottoms, and sides are all taped and secured properly.
The label holds the key to easy unpacking. Clearly label the top and at least two sides ( enough for you and movers to read). Wrap the marker in packing tape or clear tape to prevent tearing and scratching.
If you are thinking of packing hazardous items consider transporting them separately. Disposing them will make it a lot easier for you. Items like paints, varnishes, cleaning chemicals, and more can be packed together in plastic bins before putting them in the box to avoid spilling. Medical items and medications should also be kept separately and if decided to dispose of, they should be disposed of properly for others' safety.
Pack a few essential belongings and keep them with you during the move and be sure to make it organized as possible. Keep your valuables, such as expensive jewelry, watches, bags, and sentimental items on you during the move. We don’t recommend transporting these on a moving truck, this is also for your peace of mind as you won’t need to worry about your valuable items getting lost or stolen if you can help it.
Need more tips on how to move in seamlessly? If yes, feel free to visit our website to learn more.
Buying a home can seem like a daunting process. When you think about it, it may just be one of the most expensive and difficult you will ever purchase. You need to be emotionally and financially prepared. Despite that, proper preparation, research, and determination can help you get that home you’ve been wanting and waiting for — from dreams of owning to the paths toward handing over the keys to your new home.
Before dipping your toe into the buying pool, it’s important to consider whether you are now ready to take the responsibility of owning a house. The first thing is to take a closer look at your budget.
To determine how much you can spend on a home, you may start by listing down all your expenses and reviewing your bank statements. That way you can figure out how much you are spending daily, from transportation, food, and streaming services to your leisure spending and take-outs. Taking a good hard look at your finances will help you decide if now is the right time to purchase a home.
It is crucial to know if it's the right time. Just because you can get a mortgage or financial assistance doesn’t always make it the right time to do so. Keep in mind that besides the mortgage, purchasing a property involves extra one-time payments that can mount up rapidly, such as closing charges, legal fees, and other connected costs like a house inspection. Moreover, don't overlook the cost of relocation or house upgrades. Plus, you’ll want to plan for those expenses like a moving truck or new furniture. The last thing you want to do is stretch yourself too thin financially.
Wondering what's next if you’ve already made up your mind to buy a home? The first step to getting the ball rolling is to find an experienced local real estate agent to guide you through the process.
Typically, the seller will cover the commission fees for both their agent and your buyer's agent, so hiring an agent won't typically cost you anything. The agent will not only help you find your dream home (which can be very tough in a seller’s market) they’ll also help you through negotiations and paperwork. When purchasing a new home it is nice to have some experts to advocate for you when discussing pricing or needed repairs with the seller or their agent.
Understanding your local real estate market is crucial. The housing inventory in your town and how you formulate your offer can both be significantly impacted by whether it is a buyer's or seller's market. To prevent missing out on or overpaying for your desired house, rely on your real estate agent's knowledge in this area.
Now that you have an idea of the current trend and the amount of your dream house, it’s time to get a pre-approval letter. A pre-approval letter is a written estimate from a lender of how much you will likely be able to borrow from them.
The letter will help you determine how much you can afford. It will also help demonstrate a secure home loan when you are ready to make an offer on a house. During a pre-approval process, a lender will do a hard look at your credit pull, take a look at your bank accounts, and review everything including your tax returns and pay stubs. They will also confirm your employment history and dive into your assets and debts.
Pre-approval means a near-certain approval for a loan up to the amount specified by the lender, assuming nothing changes. Pre-approval letters, however, typically only hold true for 60 to 90 days due to the cyclical nature of credit scores, employment, and financial stability.
Take your time in submitting all the requirements before getting pre-approved, be sure you're serious about buying because getting pre-approved more than once quickly could harm your credit.
Now that you’ve got the nitty-gritty out of the way, it’s time for the fun part—house hunting! Choosing a neighborhood can be overwhelming but you can narrow your choices by focusing on where you can afford a home.
You can also consider the location of the house to where you are working and if you have a family, think about the schools available in the area for your child.
You can also check the shops, groceries, and restaurants nearby for your convenience. Talking to friends and family and knowing where they live will help you check out your options. Learn more about your potential location by having a quick walk or a tour of the neighborhood to help you decide.
Once you have a preferred location, the next step is to check for homes. Consider major components of the home and lay out your preferences for each — including minimum square footage, rooms like bedrooms, bathrooms, dining area, visitors area, garage spaces, finished basement, or specific neighborhood. Make sure your agent knows all the personal preferences you want. That way, you will both make the most of your time.
Once you found the one -- a.k.a. your dream home -- it’s time to make an offer.
The amount you're ready to pay, as well as information like who covers which closing expenses, whether the offer is subject to conditions (such as having to sell your own house first), and the projected closing date, will all be included in an offer. This offer is a crucial beginning point for discussions with the seller even though it might be modified along the route.
Working with your agent closely can help you make sure your offer fits your specific situation and is competitive. In a highly competitive market, where attractive listings are scarce, sellers will be likely to receive multiple offers, so you want yours to be the most attractive while still not overpaying for the property. You’ll also want to move swiftly to avoid losing out to another buyer if you’re not on the seller’s market.
Hiring a home inspector is always a good idea, so schedule a home inspection as soon as possible. They can help you learn about any issues that may prevent you from buying. A licensed home inspector knows what to look for -- they will cover the condition of the home, especially when it comes to foundations of a roof, plumbing, HVAC systems, and other defects. It will give you the chance to reconsider or have room for renegotiate if structural damage or needed repairs are discovered.
It's time to hand over the keys after the home inspection and any repairs that you and the seller have agreed upon.
This is accomplished during the closing, which operates somewhat differently depending on your state. Regardless, the transaction is completed on both sides at closure.
Before the closing date the seller, the buyer, and their representatives will sign the papers officially sealing the deal. You’ll also be given a settlement statement that lists out exactly how much you’ll be paying that day.
It will show your final purchase price and all the included fees like insurance and tax payments. These are kept in an escrow account with your mortgage lender so they may pay the bills when they are due on your behalf.
The final purchase price will be deducted from any outstanding mortgage balance and any seller-paid closing charges, such as past-due real estate taxes, agent commissions, and title company fees.
Once the closing is settled, congratulations — finally the place is yours. You’re now the proud new owner of your dream home! Enjoy and start to picture your new life inside the walls of your new home.
Disclaimer: We know this is easier said than done; however, there's no need to worry. Our team at RE/MAX Advanced Realty - Indy Home Pros is here to help!
Our agents have 8 years of average experience in selling and buying just listed homes for sale, so rest assured that we have the expertise and skills needed to help your relocation quickly and seamlessly.
Contact us at 317-298-0961 to learn more!
8313 W. 10th St
Indianapolis IN 46234
dennis@indyhomepros.com
317-316-8224