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Friday HOME Matters

by The Mike Parker Team

The Mike Parker Team's weekly round-up of real estate-related news & advice and homeowner tips from around the web...

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Sales in the Snow: 5 Home Staging Tips for Wintertime

While winter isn't traditionally considered the best time to sell your home, there's no reason you can't get an offer during the colder months with the right staging. In fact, a study found that homes sold faster and for more money in the winter months, even in cold cities like Chicago. Here are five winter home staging tips that can increase your appeal to potential buyers. HouseCall (click on the source to read more)

5 Ways You Didn’t Know You Could Save for a Down Payment

Buying your first home conjures up all kinds of warm and fuzzy emotions: pride, joy, contentment. But before you get to the good stuff, you’ve got to cobble together a down payment, a daunting sum if you follow the textbook advice to squirrel away 20% of a home’s cost. HouseLogic

Trends We Love: Dark Sinks

White sinks are a classic choice we'll always love, but we've been crushing hard on all the dark sinks lately! When paired with a lighter countertop, the contrast is stunning. With dark counters, they add a rich moodiness to a kitchen or bath that is sleek and modern. It's hard to venture off to the dark side, but we love these examples of dark sinks done beautifully! Studio-McGee

15 Organizing Tricks for Inside Your Most Clutter-Prone Spots

Inside the Closet… OneKingsLane

How Much Does It Cost to Sell a House? Here's a Reality Check

Show me the money! Admit it, that’s what you’re thinking when you consider selling your house. In fact, chances are good you’ve mentally spent much of the proceeds already—on a new house you’re buying, and maybe even a nice vacation this summer. Slow down there—while selling a home can indeed bring in some sweet profits, not every dollar goes into your pocket. You also have to pay the professionals who help you unload your property. So now the question in your mind is probably: How much does it cost to sell a house? Really? Realtor.com

Renting VS. Buying....The Pro's and Con's!!

by Mike Parker

Submitted by Jill Kuchle:

Can't decide whether to buy or to rent???  Maybe this can help you make that decision!! 

BUYING

* You will have a GREAT tax write off.

* Your housing expense may never go up

* You can use, decorate, make physical changes to, and ENJOY your home as YOU see fit!

* You may increase your equity as your home appreciates in value.

* You are not at the mercy of your landlord.

* Your house will become "home," not a temporary living situation.

RENTING

* You will have NO tax write off.

* Your rent can go up each year, typically four to ten percent.

* You must get permission from your landlord to make ANY changes to your home.

* You have no equity built up - your money is gone for good.

* You can be evicted, lose your security deposit (attention pet owners!!!) and more!!!

* Your living situation is always temporary!!

Most people buy homes to have control over where they live.  Although investment features are important, the satisfaction of owning your own home and freedom from paying rent are VERY important as well!! 

In a survey done by the National Association of REALTORS of 6,000 homeowners and 2,000 renters - perhaps the largest ever of attitudes toward home ownership - showed that 76% of owners and 66% of renters considered pride of ownership a very important reason for buying.

Almost equal portions of owners and renters - close to 7 out of 10 - said a dislike of paying rent was an important reason to buy.  Sure renting offers a lifestyle that's nearly maintenance free, but writing a rent check is also like watching your hard earn money sail off into the sunset!!!

Believe me, sacrifices are WORTH it.....almost 7 in 10 renters in the National Association of REALTORS home ownership survey said they planned to buy a home in the future.  More than 3/4 of these people said they were willing to sacrifice to do that. 

Check out the chart below to see how the cost of renting based on a 6% rental increase each year can add up....

 
$300 per month for rent today You’ll Pay
$350 per month for rent today You’ll Pay
$400 per month for rent today You’ll Pay
$450 per month for rent today You’ll Pay
$500 per month for rent today You’ll Pay
$600 per month for rent today You’ll Pay
$700 per month for rent today You’ll Pay
This Year
$3,600
$4,200
$4,800
$5,400
$6,000
$7,200
$8,400
Next Year
$3,816
$4,452
$5,088
$5,724
$6,360
$7,632
$8,904
3rd Year
$4,045
$4,719
$5,393
$6,067
$6,742
$8,088
$9,438
4th Year
$4,288
$5,002
$5,717
$6,431
$7,147
$8,575
$10,005
5th Year
$4,545
$5,302
$6,060
$6,817
$7,576
$9,054
$10,605
6th Year
$4,818
$5,620
$6,424
$7,226
$8,031
$9,635
$11,241
7th Year
$5,107
$5,957
$6,809
$7,660
$8,513
$10,210
$11,916
8th Year
$5,413
$6,314
$7,218
$8,120
$9,023
$10,824
$12,630
9th Year
$5,738
$6,693
$7,651
$9,023
$9,564
$11,472
$13,388
10th Year
$6,082
$7,095
$8,110
$9,564
$10,138
$12,164
$14,192
TOTAL
$47,452
$55,354
$63,272
$71,175
$79,094
$94,856
$110,719

So let's get started on the purchase of your new home!!  Contact us if you would like to receive lisitngs as they hit the market via email or check out a hassle free website www.nkyhomesbyemail.com.

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Photo of Mike Parker - CRS Real Estate
Mike Parker - CRS
HUFF Realty
60 Cavalier Blvd.
Florence KY 41042
859-647-0700
859-486-3300