How To Improve the Value of Your Gresham Home

How To Improve the Value of Your Gresham Home

Stone_Bridge_Mortgage_Making a House a Home; Three Tips For Resellers and Novice Renovators

Getting your Gresham home into its best shape before an appraisal will work in your favor. There are a number of things to consider when an appraiser determines the value of your property. As the owner, you are responsible for ensuring your Gresham home measures up to an appraiser’s scrutiny for determining how much your home is worth. If you’re looking to improve the value of your home, consider the following tips that offer more bang for your buck.

Landscaping

A properly maintained landscape can increase the value of your Gresham home. Make use of colored plants. Keep your plants trimmed and tended to – do not let them grow wild. You can also use various plants to frame parts of your home and draw the eye in a pleasing way. To save money on landscaping, try saving grass clippings and extra seeds, or using native plants and perennials that require less watering.

Painting

Adding fresh paint on both the interior and exterior of your Gresham home will rejuvenate your property. It will cover up any flaws from a previous paint job such as cracks, marks, or chips. Additionally, it means you can update out-of-fashion color schemes to something more modern. A fresh paint job makes your house seem cared for, which can make a good first impression on your appraiser or a prospective buyer. Neutral and earth-based tones appeal to a wider range of buyers, so avoiding flashier colors is recommended. Of course, what works best may also be dependent on the location and local market. Consider local surroundings and the tastes of the buyers who inhabit them when determining which paint schemes will attract the most value for a home in any given area.

Remodeling

Current housing designs and fashions may not match up with the current design of your home. Consider making updates to your Gresham property, especially if it is a little older. Remove things that no longer feel practical. Expand the living space in whatever way you can – such as replacing unwanted baths with showers, or using a pedestal sink instead of an old cabinet. Replace old flooring, fixtures, cabinets, and drawers with updated materials when possible. If you can’t replace, glaze over old surfaces with a new finish.

Decluttering

It is natural to have a certain amount of clutter in a well lived-in space. However, when you have an appraiser or a potential buyer stopping by, clean up. While cleanliness doesn’t typically affect the value or appraisal of a home (unless it happens to compromise the property’s structural integrity), you’ll want to put away anything that will distract or get in the way of an appraiser’s inspection.

Efficiency

Gresham homeowners can increase the energy efficiency of their homes by opting for energy-efficient appliances and equipment. Maximizing energy efficiency can help save money on utilities and make a house last longer by using less out of its own resources. To make your home more energy efficient, try replacing conventional shower heads with low-flow shower heads, replacing incandescent lightbulbs with fluorescent or LED bulbs, installing solar panels, or buying energy star products. You can even hire a professional energy auditor to inspect any further inefficiencies and wasted energy in the home.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional mortgage services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the entire home buying process. We help you with the pre-approval process and assist with real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to buy your new home!

 

Call us today at 503.661.5580

 

Preparing For A Home Appraisal Inspection

Preparing For A Home Appraisal Inspection

Stone Bridge Mortgage Group_Preparing For An Appraisal Inspection

 

Preparing Your Gresham Home for an Appraisal Inspection

When you’re ready to have the value of your Gresham home appraised, you’ll want to prepare before inviting an appraiser into your home. An appraiser will examine your property on an objective basis and determine its market value. This value will be based on such factors as the condition of the property, the functionality of utilities, where the house is geographically located, and so on. Gresham homeowners can affect the overall value of their property by addressing any issues or problems they notice with the property before getting an inspection for a home appraisal.

Remember that the appraiser is a guest in your home. You want to put your best foot forward and present your Gresham home in the best light possible.

Make Sure the Property Is Open and Accessible

Clean any areas relevant to the appraiser’s inspection. They should have easy access to the areas of the home they need to inspect. Additionally, make sure your Gresham home looks presentable. First impressions are everything, so treat your appraiser like a guest and make your home look clean and inviting.

Beautify Your Home with Small Cosmetic Changes

Touching up paint or replacing outdated furniture can boost the appraiser’s impression of your Gresham home. Everyday wear and tear on furniture can make it seem poorly kept, which will lower the appraiser’s opinion of your home. The more up-to-date your home seems, the better.

Update Technology

Your Gresham home will seem more practical and efficient with up-to-date technology. This puts less wear-and-tear on the property as opposed to relying on 50-year old furnaces and refrigerators that are not as energy-efficient as their contemporary equivalents.

Make a List of Small Necessary Repairs

To keep track of all the small repairs that need doing, make yourself a list. It can be easy to overlook a broken window, faulty doorbell, or chipped paint. Go through your home and make a list so you remember each item before inviting an appraiser into your Gresham home.

Update the Landscaping

Replace dead plants and grass. Trim the hedges and mow the lawn. Not only will this look good to an appraiser, but it will boost the curb appeal of your Gresham home.

Check On Utilities

It’s important to make sure that all the utilities like gas, water, and electricity are functioning properly before the appraiser checks them out for him or herself, along with any carbon monoxide and smoke detectors. Checking on these utilities is not only a necessary step towards preparing for an appraisal,  it is also a matter of safety, so it should always be a priority.

Stonebridge Mortgage Group Offers Guidance On All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

 

Call us today at 503.661.5580

 

Remodel Kitchens and Bathrooms to Increase the Value of Your Gresham Home

Remodel Kitchens and Bathrooms to Increase the Value of Your Gresham Home

Stone Bridge Mortgage Group_Choosing a Floor For Your Kitchen Renovation

What Are the Best Ways to Increase the Value of Your Gresham Home?

Gresham homeowners may find themselves eager to renovate their homes and make it their own. However, if you’re not careful, you can end up putting more into a renovation than you should. Your goal in any renovation should be to add value to your home. Here are the three best ways to increase the value of your Gresham home.

Kitchens and Bathrooms Remodels Offer the Most Return on Your Investment

You’ve probably heard that kitchens and bathrooms are the most popular as far as renovation projects. Why? It’s simple, really. Kitchens and bathrooms are both high traffic, high use areas in the home. Because of their heavy use, they often need a renovation before other areas of the home. Appraisers will often look for updates in these areas of a Gresham home before anywhere else. Renovating either of these rooms will often result in a big return on your investment.

How to Remodel the Kitchen in Your Gresham Home

In the kitchen, start by replacing old appliances with newer models and make sure all appliances match if possible. You can give your kitchen a facelift by refacing or replacing outdated cabinets. Revive old flooring with newer tile or vinyl options. Add a backsplash as a simple way to change up the look of your kitchen.

How to Update Your Bathrooms

A full renovation usually isn’t necessary for bathrooms. It’s easy to tackle more inexpensive projects like vanities, toilets, and fixtures and still get the look and feel of an updated look without breaking the bank. These simple updates will still make your Gresham home more valuable.

Stonebridge Mortgage Group Offers Guidance on All Mortgage Matters

For professional assistance with mortgages and related services, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through every step of the home buying process. We help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and is located in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

 

Call us today at 503.661.5580

 

How to Know if You’re Ready to Buy a Home

How to Know if You’re Ready to Buy a Home

Stone Bridge Mortgage Group_How to Know if Youre Ready to Buy a Home_06

Buying a home is a huge step — one that can lead you down the path to financial security. However, owning a home before you’re ready can be a step in the wrong direction. It’s not just about whether you can afford a home — ask yourself if you should and if you’re really ready for that level of responsibility. Here are a few questions to ask yourself before buying a home.

Are your finances in order?

Take into account your debts, whether you have credit card debt or debt from various types of loans. Remember that your credit score is what a bank will use to determine how much of a mortgage loan you’re eligible for. More than that, if you routinely find yourself with a lot of debt, it probably means you do not have the finances necessary to purchase a home. Clean up your debt first and get to a place where you’re more financially stable before taking on the responsibility of a mortgage payment.

Have you saved enough for a down payment?

Before you even consider looking for a home, you’ll need to need to have enough saved for both the down payment and the extra, sometimes unforeseen, costs. With the right qualifications, today you can buy a home for as little as 3.5% down. However, you’ll also need to have enough money to cover closing costs, insurance, taxes, and any necessary repairs. This could easily add up to thousands more than the down payment alone, so you need to be prepared.

Can you really afford the payment?

Can you really afford to pay all of the monthly expenses of owning a home? You may have been told you can own for the same price as renting. While the amount you pay in rent probably would be similar to the amount you would pay in principle and interest on your mortgage loan, however, there are other costs to consider. In addition to a monthly mortgage payment, you’ll have to pay property taxes, insurance, homeowner’s association fees, city assessments, water, sewer and/or garbage, and other utilities your landlord may currently be covering for you. Know your budget before you shop for a home and keep these costs in mind.

Are you ready to settle down?

Buying a home is a long-term investment. If you change your mind quickly and sell after only a few years, you’re losing money. Any increased value within the first few years likely won’t match the closing costs you paid for a home. Make sure you’re in a job you’re content to stay with for some time. You don’t want to buy a home only to change to a career that brings you to another city or state. A good rule of thumb is to be prepared to stay in your home for at least five years.

Can you fix a leak?

When you own a home, you can no longer rely on a landlord to fix sudden problems. You have to become self-reliant. If your sink begins to leak, or if your dishwasher breaks, you need to either be able to fix it yourself or have the resources to pay someone to fix it. If you can fix it yourself, of course, all the better – it’ll save you money in the long run.

Stonebridge Mortgage Group can advise you on your mortgage needs.

For professional assistance with mortgages, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. If you’re ready to apply for a loan and want to go through the process online, Stonebridge Mortgage Group offers online applications. We also help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and are in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

 

Call us today at 503.661.5580

 

6 Easy Ways to Boost the Curb Appeal of Your Home

6 Easy Ways to Boost the Curb Appeal of Your Home

Stone_Bridge_Mortgage_3 DIY Exterior Upgrades To Increase Your Home's Value

Boosting your home’s curb appeal – or its appearance from the outside – is an excellent way to boost your home’s value. Whether you’re looking to sell or if you’re just looking improve your home for your own sake, there are plenty of easy and inexpensive ways to boost your home’s curb appeal.

Add Some Greenery

Plants and flowers are an easy way to spruce up your home’s exterior. Few things are as cheerful and eye catching as a spread of flowers and healthy, growing things. Don’t have the time or money for a proper garden? Don’t worry! You can achieve the same effect with planters and window boxes. Plants can be used to frame key visual points of your home, such as windows and entry ways, and make your home seem more alive and welcoming.

Take Care of Your Lawn

Basic lawn care will make your home more appealing as well. Regularly mow the grass, rake off leaves, pull weeds, and keep it well watered. The key to easy lawn care is to keep up with it so it doesn’t become a huge project.

Add a Pop of Color to Your Front Door

A pop of color always draws the eye. You can boost your curb appeal by painting your front door to stand out rather than blend in. Keeping the colors of your home in mind, find something bold that enhances the look of your home. Get a few swatches to hold up against your door to help you decide on the color you like best.

Light it Up

Dark entryways aren’t welcoming, so get some light in there. If you already have light fixtures that aren’t working, fix or replace them. Make the area look fresh and clean. Clear away cobwebs and other debris around the doorway. If things still don’t seem bright enough, consider adding in some porch string lights or lights along the walkway.

Make it Symmetrical

You can make pleasing focal points using symmetrical decorations. Matching lanterns or plants on either side of your front door or garage door, for example, make your home seem more put together.

Mailbox Makeover

Mailboxes don’t have to be plain – make it stylish! This easy project costs between $50-$200 and is a simple way to make your home stand out.

Stonebridge Mortgage Group can advise you on your mortgage needs

For professional assistance with mortgages, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. If you’re ready to apply for a loan and want to go through the process online, Stonebridge Mortgage Group offers online applications. We also help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and are in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

 

Call us today at 503.661.5580

 

5 Tips to Increase Home Value

5 Tips to Increase Home Value

Stone Bridge Mortgage Group_5 Tips to Increase Home Value

If you believe your home to be your biggest asset, then put time into taking care of it. Taking care of your home should be a top priority, and if you do it well you can even increase the value of your home. Whether you want to build equity or get top dollar when you sell, use the tips below to raise the value of your home.

Make it more attractive. Appearances count for a lot with first impressions, so increasing the curb appeal of your home is a sure-fire way to increase the value. Focus first on the landscape. If it looks dull in comparison to your neighbors, plant flowers. Maintain it well.

Focus next on the kitchen and bathrooms. Outdated kitchens and bathrooms prevent a property from reaching its highest value. You don’t have to pull out all the stops for a high-scale remodel on either. Mid-range remodels deliver more return of investment on average – 81% for kitchens and 70% for bathrooms – than a high range remodel does – 53% for kitchens and 56% for bathrooms.

Go for low-maintenance. A common concern among home buyers is the possible need for high maintenance. Replacing a major component before putting your home up for sale – such as the water heater, furnace, or the roof – can alleviate that worry for interested buyers. Also consider improvements that make things cleaner and easier to maintain. For example, replacing stained carpet or hardwood floors can be very useful. Replacing high-maintenance wood siding with vinyl siding can make things easier for potential buyers.

Make it more efficient. Depending on what area of the country you’re in, energy conservation features can have a significant impact on a home’s value. Energy-efficient mortgages (EEMs) allow borrowers to take on additional debt to cover both the purchase of the home as well as energy-efficient upgrades. EEMs can also offer lower mortgage rates to increase purchasing power, according to Energy.gov. Double-paned windows, enhanced attic insulation, LED lighting, and efficient appliances all increase home value and entice energy-conscious buyers. A bigger project to consider would be to put solar panels on the roof.

Increase the size of your home. The total square footage of your home impacts the value significantly. Buyers are likely to notice the value of added space even if the appraiser doesn’t officially acknowledge it. Bigger homes always command higher prices. Adding on a room is a more obvious way to increase the size of your home, but you could also consider finishing a basement area or deck to achieve the desired effect.

Make it smarter. “Smart” technologies will increase the appeal of your home, and many buyers look for safety-enhancing technologies. These devices can include thermostats, fire detectors, carbon monoxide detectors, security cameras, door locks, and lighting.

For a professional assistance with mortgages and home value, look no further than Stonebridge Mortgage Group. You can rely on Stonebridge Mortgage Group to help guide you through the home buying process. If you’re ready to apply for a loan and want to go through the process online, Stonebridge Mortgage Group offers online applications. We also help get you pre-approved for a mortgage and help with your real estate loans and other mortgage solutions, both residential and commercial. Stonebridge Mortgage Group serves the greater Portland area and are in Gresham, Oregon. Don’t wait to get quality assistance with buying your home!

Call us today at 503.661.5580