How to Make your Home Look Expensive on a Budget

You want your home to look luxe, but your bank account has other ideas, know that

you don't have to spend a lot to make it look like you did.

Splurge on Focal Pieces. You may not be able to break the bank on every item in your

home, but consider splurging on attention-grabbing pieces.

Layer Rugs. Rugs are a cost-effective way to add warmth and style to a room. To create

a custom look, layer rugs beneath a furniture grouping.

Employ Trim. There's no way around it. Wainscoting, crown moldings and other types

of custom millwork make a home look elegant.

Use Paint to Your Advantage. Not only is paint affordable, but it is transformative.

Simply painting walls a sophisticated color will achieve the high-end look you desire.

Paint can also transform thrift-store furniture and decor. With many types of paint readily

available, you can easily alter textures within your design scheme. Use chalk paint to

distress a vintage table or a metallic spray paint to refresh picture frames.

Paint Front Doors. Set the tone from the moment a guest arrives at your house. Paint your

front door a color that complements your home’s interior. The door's color will anchor your

home while adding drama and style to your entryway.

Opt for Luxury Vinyl Plank Flooring. Love the look of hardwood, but can't afford the

price tag? Luxury vinyl plank flooring is an affordable alternative. You can probably install it

yourself, which means you don't have to pay labor costs.

Fake It 'til You Make It. Expensive homes often have soaring ceilings. Your home's ceilings

may be decidedly lower, but you can make them look higher. Just hang your curtains closer

to the ceiling than the window frame. This creates an optical illusion that makes the room

seem taller.

Embrace Your Artistic Side. Large artwork is a great way to set your home apart, but it's

usually pricey. Try to make it yourself. Simply buy a huge, white canvas and create a masterpiece.

Display your art prominently in your home. When friends ask about it, just tell them you had

the piece commissioned by an up-and-coming artist!

 

Making your home look like a million bucks doesn't have to cost a fortune. You can achieve

a high-end look for less using some creativity and these tips.

For more ideas go to https://homesalesneworleans.gardnerrealtors.com/

How to know if this house is right for you

Buying a house can be a daunting task, and the fear of buyer's remorse can cause serious anxiety.

How do I know this house is right for me?  Here are some things you'll want to consider before making

that decision:

Can I afford it?

Nothing is more disappointing than finding your dream home just to be told by the mortgage company

that it's out of your price range. Before venturing into the real estate market, meet with a mortgage

broker or bank representative to obtain an accurate number for purchase. This will help you to avoid

heartache and allow you to consider real options versus something that's not feasible because of

your budget.

Does this house meet my must-haves?

Make a list of your must-haves. Features such as number of bedrooms and bathrooms should be high

on that list.

Things such as walk-in closets, an ensuite might be negotiable; however, if you're unwilling to

compromise on certain amenities, be sure to only look at properties that offer them.

Is this property in the right area?

Narrowing down where you want to live is crucial. Are there parks? Trails? Do I add time to my commute?

Am I near amenities important to me and my family? Questions like these will help determine if you're

looking in the area that will best suit your needs.

Is this house right for my future?

For young couples, single buyers and small families especially, it's vital to ask yourself if this is a home

you can grow into. What is your plan? Do you want to start a family here? If your answer is yes, then

the number of bedrooms and bathrooms, as well as separate living space, are all things to take note of.

  

 You can feel it.

Trust your gut when something feels off about a house. You'll know a house is right for you and your

future by the feelings you have while looking at it, walking through it and when it comes time to move in.

If you're trying to convince yourself a house will work or that you love it, chances are it won't and you

don't. At the end of the day, trusting your instincts will guide you to the perfect house while helping

you avoid the ones that aren't.

To search for homes go to https://homesalesneworleans.gardnerrealtors.com/

Tips to reduce energy consumption during holidays

Trying to make your home eco-friendly through the holidays doesn't have to be a burden.

It's the most wonderful time of the year! The smell of pine and cinnamon, cookies baking

in the oven, lights twinkling inside and outside your home, and… An enormous electric bill.

Ouch...

If you're thinking about having a greener holiday season, try the following tips:

Use Better Lights

Try LED or energy-efficient bulbs instead of traditional ones. Incandescent lights draw up to

90% more watts than LED lights, so switching to LED strands—or going with wreaths, bows

and lawn ornaments that don't use energy—can save you a ton.

Use Smart Plugs

It's easy to forget to unplug decorations and lights, but doing so can make a real ding in your

monthly budget. That's where smart plugs come in handy. Some smart plugs can also be

programmed to run on a timer or manually from an app on your smart device. When you're

toasty in bed, you can turn off your lights to save on energy. Plus, if you're away on vacation,

you can pull a "Home Alone" and make it look like you're home, which can help deter holiday theft.

Cook Wisely and in Batches

Holiday cooking is one of the best parts of the season. This season, when you're making lots

of cookies, roasts and goodies, remember to bake in batches so you don't waste energy heating

and re-heating the oven.

Also, use appropriately-sized cookware. Glass or ceramic pots and pans can be heated to 25 degrees

less than recipes recommend, and cast iron retains heat easier, making these types of cookware

a good option to help you save more on energy costs. And don't forget that the oven will act as

a temporary space heater when you're cooking, so be sure to turn down your thermostat.

  

Carols around the fireplace, anyone?

For more helpful hints visit https://homesalesneworleans.gardnerrealtors.com/

Finding Your Starter Home

Tips to Help You Find a Starter Home

A starter home isn't necessarily your forever home. Be prepared to make some compromises to get
your foot in the homeownership door. Be open-minded about the location, size and condition.  

Look for an older home in a well-established neighborhood. Resales typically cost less than
brand-new homes. Older homes typically need more maintenance and repairs, which offset some
of the savings; however, buyers who choose a used home might be able to do repairs and renovations
over time, pacing themselves to make the cost manageable.

Buyers who sacrifice location for affordability can find themselves in a neighborhood far from major
job centers with a long daily commute and expensive transportation costs. Sometimes that
trade-off makes sense, but not always

When you're up against stiff competition, working with an experienced real estate agent is key.
A good agent shines when it comes to negotiating the deal and writing a strong offer. Your agent
may suggest certain strategies to win in a competitive market, such as limiting contingencies or
writing a personal letter.

When a well-priced starter house comes on the market, the quest to buy it can be extremely competitive.
To entice sellers offer above asking price (if you can afford to), keep repair requests to a minimum, or allow
the sellers more time to move.

To search for homes anywhere go to https://homesalesneworleans.gardnerrealtors.com/

What Is a Perfect Home?

When searching for a home it is important to identify what "perfect" means to you. The easiest way to start is by making a list of priorities. What is a "must-have," what would be nice to have, and what isn't important?  

We have all lived in places that at first glance we thought were suitable, only to find out later that the kitchen we initially thought was cozy was actually far too small for our needs, or that the seemingly bright living room only gets direct sunlight for a two hours a day.

Before scouting the market you need to know what you can afford.  Getting pre-approved for a mortgage first will make the whole process much easier. A trap that many buyers fall into is assuming that the maximum amount they can borrow is what they should spend on their new house. Look at what your monthly payments would be, and ensure that your budget factors in all ongoing maintenance costs,  as well as room to put funds aside each month for emergency maintenance.

Experienced Realtor is your key to success. Having the right professional working for you can be the difference between a smooth buying process and a costly disaster. Hiring a real estate agent provides numerous advantages. An experienced REALTOR® can find properties that you may otherwise miss, negotiate prices and recommend lenders.  Experienced Realtor is also able to answer any questions you may have about a property, as well as any you may not have even thought to ask.

For more information or to search for homes visit https://homesalesneworleans.gardnerrealtors.com/

How to Sell your Home in No Time

Here are four top tips for getting your house ready to list for a ton of interest and potential bids:

Give Your Yard Attention

Cleaning up your yard and making it look welcoming will attract more potential buyers; curb appeal can add as much as 5 percent value to your home—and there are many improvements that can give you a large return on investment. Some of the best options are upgrading your mailbox, fixing your siding and adding walkways.

 Paint Inside and Out

Buyers want to see a fresh, clean space when they visit your home. By painting inside and out, you have the chance to apply a neutral tone throughout the home. Agents often tell sellers to use a bold color on the front door to add appeal and draw the eye to the entrance. Consider hiring a professional painter to help ease the process.

 Price Your Home Intelligently

The right sales price for your home is often the best way to sell your home quickly. If priced too high, you may scare buyers away before they even come to an open house, but, if priced too low, you may lose out on money. Work with your agent to price your home appropriately for your location! 

 Depersonalize the Space

Buyers want to look at a home as if they are moving in. Staging experts suggest that you rent a storage room and pack up everything that shows your family, pets or lifestyle until the home sells. Another idea is to hire a professional staging company to give you some tips.  They will provide insight into the colors, accent walls and accessories that'll play up the characteristics of your home, making for a great house showing. If you follow these tips, you should be on the road to selling your home in no time!

To Search for homes visit https://homesalesneworleans.gardnerrealtors.com/

Choosing a Moving Company is Important

Personal belongings are important to you, and, as such, it is important to hire a moving team that will do what you expect. Here are questions to ask any company you're seeking to employ:

Do you have any references?

References or a link to online references are very informative, and will help you to form an opinion of how reliable the service will be.

What specific services do you offer?

Moving companies vary in terms of what they're willing to do for you. There are some companies that might refuse to move large items, such as grand pianos, and only provide the lifting and packing of smaller items. Or you might only want a company to do one or two things for you, such as load up a truck you've rented yourself.

Do you offer in-home estimates?

Knowing what needs to be moved is one thing, but understanding the cost of labor to get the job done is another.

Be sure to get everything in writing and secure the departure and arrival dates to avoid any potential hiccups.

What happens if something is damaged?

You've chosen a company you can trust and afford, but what will the company do if they accidentally break something of yours? Be sure to ask what the company's policy is on this subject.

Designing The Outdoors

We all love outdoor spaces, and if you have a large backyard, your possibilities may be endless. What happens when all you have is a balcony? Guess what: it can be transformed into a functional area! Here are a few tips:

Depending on the square footage of your outdoor area, consider what you will be using it for. Smaller spaces can be tricky, so try to find furniture that can double as storage, like a bench with space beneath or a table with drawers or an extra shelf. For larger spaces, consider separating areas by using potted plants to establish borders between the dining and lounging spaces.

Consider what your focal point will be to help determine your color scheme. If your outdoor space overlooks a beautiful landscape, then choosing neutral materials will create fewer distractions from the view. Alternatively, if you’re working with an urban setting, bring in a bit of color with potted plants and vibrant seat cushions or pillows.

Selecting the right outdoor furniture can be tough. If your space gets a lot of direct sunlight, metal furniture may not be your best choice as it can get hot and uncomfortable to touch. Additionally, if humidity is high it can be harsh on metal surfaces and require additional treatment and cleaning to maintain. Plastic, resin, or wicker furniture can be a bit lighter weight than other materials and easier to put away for the off season.

For smaller spaces, less can be much more. Bistro tables can be an excellent fit for city balconies and smaller patios as they don’t take up too much space and can be easily moved around. Forcing too much furniture into a small space will make it feel even smaller and may deter you from enjoying it.

Is your outdoor dining space for you and your spouse, or do you have a large family or entertain frequently? If you pride yourself as the host with the most, make sure your outdoor dining layout allows for a smooth cooking and entertaining experience. If your grill is the primary cooking space, make sure it is safely separated from the crowd, but also close enough that you can cook and entertain at the same time.

There are a million different ways to design an outdoor space and it really just boils down to your own personal style.

To search for properties go to http://www.homesalesneworleans.com/ 

Buying a Home Today is More Affordable Than Renting

If you are renting but have been thinking about buying a home for awhile, here is a great article published by RISMEDIA that might help you make the right choice:

http://rismedia.com/rrein/22267/1023666/5079737/84283?utm_source=newsletter&utm_medium=email

To search for homes in the Greater New Orleans Area 

go to

http://www.homesalesneworleans.com/

Ready to shop for a home? Know loan types!

Before you go mortgage shopping, know loan types.Conventional Loans:

Conventional mortgages are ideal for borrowers with good or excellent credit. Conventional mortgages follow fairly conservative guidelines for:

—Borrower credit scores.
—Minimum down payments.
—Debt-to-income ratios.

What is “Debt-to-Income Ratio”?

Percentage of monthly income that is spent on debt payments, including mortgages, student loans, auto loans, minimum credit card payments and child support.

Closing costs, down payments, mortgage insurance and points can mean that the conventional borrower has to show up at closing with a sizable sum of money out of pocket.

What’s good: Conventional mortgages generally pose fewer hurdles than Federal Housing Administration or Veterans Affairs mortgages, which may take longer to process.

What’s not as good: You’ll need excellent credit to qualify for the best interest rates.FHA Loans:
 

Federal Housing Administration mortgages have flexible lending standards to benefit:

—People whose house payments will be a big chunk of take-home pay.
—Borrowers with low credit scores.
—Homebuyers with small down payments.

The Federal Housing Administration does not lend money. It insures mortgages.

The FHA allows borrowers to spend up to 56 percent or 57 percent of their income on monthly debt obligations, such as mortgage, credit cards, student loans and car loans. In contrast, conventional mortgage guidelines tend to cap debt-to-income ratios at around 45 percent and sometimes less.

For many FHA borrowers, the minimum down payment is 3.5 percent. Borrowers can qualify for FHA loans with credit scores of 580 and even lower.

Cost: Each FHA loan has 2 mortgage insurance premiums:

—An annual premium that varies from a low of 0.45 percent to a high of 0.85 percent. This premium is rolled into the monthly mortgage payment for the life of the loan. See how the premiums vary by loan term and amount of equity.

—An upfront premium of 1.75 percent of the loan amount, paid at closing.

What’s good: FHA loans are often the only option for borrowers with high debt-to-income ratios and low credit scores.

What’s not as good: FHA mortgage insurance premiums usually are higher than premiums for private mortgage insurance. To get rid of FHA premiums, you must refinance the loan.
 VA Loans:

Who they’re for: Most active-duty military and veterans qualify for Veterans Affairs mortgages. Many reservists and National Guard members are eligible. Spouses of military members who died while on active duty or as a result of a service-connected disability may also apply.

How they work: No down payment is required from qualified borrowers buying primary residences. The VA does not lend money but guarantees loans made by private lenders.

Cost: The VA charges an upfront VA funding fee, which can be rolled into the loan or paid by the seller. The funding fee varies from 1.25 percent to 3.3 percent of the loan amount.

The VA allows sellers to pay closing costs but doesn’t require them to. So the buyer might need money for closing costs. Borrowers may also need money for the earnest-money deposit.

What’s good: VA borrowers can qualify for 100 percent financing. Veterans do not have to be first-time buyers and may reuse their benefit.

What’s not as good: There are limits on loan amounts. The limits vary by county.
 
For more useful information or To Search for Homes go to http://www.homesalesneworleans.com/ 

Should you refinance?

Have you thought of refinancing? The option is becoming more of a possibility for many borrowers as housing values across the country continue to increase. The real question is whether homeowners should follow through with the cash out refinancing option.

A cash-out refinance means you refinance your mortgage for more than the current outstanding balance and keep the difference between the old and new loans. For instance, you want $25,000 to start a business. But you still owe $100,000 on a $200,000 house. You can refinance the mortgage at $125,000 and use the $25,000 in equity you pulled out for your business venture. Depending on the rate you started with, you could end up with a lower rate and a lower payment on the new mortgage, too.

Here are some Pros of Cash-Out Refinances:

— Satisfy big expenses: A cash-out refi is a way to access money to pay off big bills such as college tuition, medical expenses, new business funding or home improvements. It often comes at a more attractive interest rate than those on unsecured personal loans, student loans or credit cards.
— Improve your debt profile: Using a refinance to reduce or consolidate credit card debt is also considered a cash-out refinance and is a popular option.
— More stable rate: Many of borrowers choose to do a cash-out refinance for home improvement projects because they want a steady interest rate instead of an adjustable rate that comes with home equity lines of credit, or HELOCs.

Here are Cons of Cash-Out Refinances

— Worse terms: While you may get a lower interest rate than your current mortgage, your cash-out refi rate will be higher than a regular refinance at market rate. Even with a credit score is 800, you will pay a little more, usually an eighth of a percentage point higher, than the market rate on a regular loan.
— Cumbersome, and sometimes pricey, process: Gathering many of the same documents you did when you first got your home loan: past two years of tax returns; past two years of W-2 forms; 30 days’ worth of pay stubs; two most recent bank statements; and possibly more, depending on your situation.
— You’ll also have to pay closing costs at the end of the refinance, which can range from hundreds of dollars to thousands of dollars, depending on a variety of factors.
— Home at greater risk: Taking out equity puts you at greater risk of owing more than your home is worth when housing values go down.

So, is it for you?

To search for homes or for more useful information go tohttp://www.homesalesneworleans.com/