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Simple Ways to Maintain the Value of Your Home from the Outside

Whether you pay someone to handle your exterior upkeep or you love completing these required cleaning tasks on your own, keeping up with outdoor maintenance can make a big difference in the overall appearance and value of your property.

To get a head start on seasonal exterior home maintenance, put these five items on your to-do list:

  • Clean outdoor surfaces. This includes decks, patios, and fences.  Pressure or power washing is an efficient way to remove seasonal dirt and debris from the exterior areas of your property. Dirt that’s allowed to hang around too long can cause surfaces to deteriorate, discolor, and appear older and uncared for.
  • Repair the driveway and sidewalks. Repairing potholes, cracks, and discolored concrete can improve the perceived value of a home. Whether you’re planning on selling your home in the coming months or you want to create a more welcoming exterior, outdoor surfaces are important to maintain. If installing a new driveway is more cost-effective, make sure it's sealed for longer wear. Resurfacing existing concrete is another option to consider.
  • Update broken garage and entry doors. Sometime a fresh coat of paint is all that’s required. Updating the paint color can also be a good choice. However, if garage and entry doors are neglected, your home can take on a shabby, uninviting appearance. Replacing damaged doors can also make coming and going a more pleasant experience for the occupants of your home.
  • Inspect and clean gutters. It’s common for leaves and trash to collect in gutters. Removing the grime can help prevent water from backing up and eventually causing damage to the structure of your home.
  • Clean the yard. Check for areas around the exterior of your home where leaves, water, or other debris may be causing problems for your foundation or façade. When gutters are missing or aren’t maintained, the ground around your home can get waterlogged and create problems, including rotting and insect infestations. Collecting debris on a regular basis and redirecting water away from your home can put a stop to the destruction.

It’s important to stay on top of repairs and general wear and tear if you want to retain the value of your real estate investment. Waiting to tackle outdoor maintenance can significantly add to your repairs costs down the road.

03-09-2017
ML
Property Maintenance Tips
03-09-2017
Hunting for a Home to Rent? Cleanup These Documents Before You Apply

It’s not just the home rental process that requires lots of documents. From applying for financial aid to securing a job to obtaining a bank loan, proof of who you are can be requested in many situations.

Keeping up with your personal documents can make these situations happen in an easier, faster manner. Here are some ways to make the application process happen smoothly:

Review your credit report. Don’t wait until someone else requests your credit report to discover a discrepancy. You have the right to obtain a FREE copy of your credit report each year from every credit bureau (Equifax, Experian, Trans Union). To find out more about obtaining your FREE copy visit this website: www.annualcreditreport.com

Keep your employers information updated. It’s surprising how many people don’t know the correct phone number or name of the contact person who can verify their current employment. When your employer moves department locations from one building to another or hires new employees, it’s likely that the contact information has changed. Save time by verifying your HR information before applying.

Keep track of recent paystubs and other evidence of income. Whether you are self-employed or work for a small business or corporation, proof of income is necessary to established whether you have the means to actually pay the rent. Always keep paystubs and 1099s. An “Offer of Employment Letter” can assure a company that you have indeed been hired and will have a particular amount of money at your disposal. Tax returns and bank statements are another way of verifying income.

Hold on to rental or mortgage history records. You’ll be asked for these as proof of where you lived prior to applying for a home. These items also serve to verify your history as a good renter or homeowner. You will be asked to provide the name, address, telephone and fax number, and dates of tenancy for previous landlords for a particular number of years. At Tyson, we request this information no matter what country or state you resided in.

Make sure your ID is current. Obtaining an updated driver’s license or state ID card takes time. When you don’t have a current ID, you can’t apply for a property. Property management companies don’t usually hold an application when other applicants are available and have the proper identifying documents.

Check your criminal history records. To avoid losing your application fee, you’ll want find out what offenses are grounds for denial before you apply. At Tyson, we require each tenant on the lease to have no admissions of guilt or convictions for a list of crimes that include but are not limited to illegal drug possession, violent crimes and assaults, and domestic violence. Multiple offenses of these crimes regardless of timeframe are always grounds for denial.

Always keep copies of your court records and any proof of payment if applicable. Forgotten liens and judgments can keep you from qualifying for a home rental. You’ll need to provide proof that you paid judgments or had a lien released.

02-23-2017
ML
Just for Tenants
02-23-2017
Attempting to Qualify for a Home Loan Online Isn’t Always the Best Idea

Just because you can inquire about qualifying for a loan using a digital loan app doesn’t mean that’s the smartest way to borrow money to buy a home.

Haphazard financial inquiries can cause problems for hopeful homeowners.

If you’ve had money problems, there’s a simple way to gather information about qualifying for a loan with your bank, credit union or mortgage broker.

  1. Take a recent copy of your credit report or credit score and make a visit to a local mortgage lender or broker. Depending on your credit score, multiple requests for your credit report can bring down your overall score. When you supply the document yourself, the lender doesn’t need to request the document and that saves you from the possibility of your credit score falling into a marginal area.
  2. Ask the lender about loan options that would benefit your particular situation. They can give you advice about the loan you seek with their institution and your plans for homeownership. You aren’t obligated to apply for the loan right then.

Repeat the process with several more lenders so you get a broad picture of what type of loan you can afford. You can apply at a future date once you’ve done your research and have complete information about the lenders who want to work with you.

Bankrate has a great article that can help you identify issues that may be blocking you from borrowing in today’s market. It’s titled 6 Credit Report Items That Scare Lenders

Everyone is entitled to one free credit report every 12 months from each of the nationwide credit agencies. You can read more about the Fair Credit Reporting Act on the Federal Trade Commission’s website

01-23-2017
ML
Real Estate, Albuquerque
01-23-2017

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