In the simplest terms, home equity is the difference between what you owe on your mortgage and your home’s current market value. If you owe $100,000 on your mortgage and your home is worth $400,000, then you have 75% home equity. Conversely, if you have a remaining mortgage balance of $300,000 on your $400,000 house, you have 25% home equity.
Whether you’re preparing to host a full house of relatives or to leave town for an extended period of time, follow these tips to help navigate your first holiday season as a homeowner. First-time homeowners tips for the Holidays.
When it comes to home organization, tackling your bedroom closet is perhaps one of the most difficult yet ultimately satisfying tasks. While organizing a utility closet, linen closet, or pantry involves editing and categorizing everyday items such as cleaning supplies, towels, and nonperishable foods that probably don’t trigger any sentimental feelings, many of us become attached to our clothes, shoes, and accessories along with the memories sparked at the sight of them.
The term “en suite” comes from French and means “afterward” or “following.” While you could argue that en suite in real estate can be described as one room being situated after another room, the French word and the English word really have nothing to do with one another. Instead, the word “en suite” was adapted into the English language to mean “in the room” or “connected.” Though, nowadays, its only use is to refer to a very specific room in a house and nothing more.
Staging is the art of preparing a home to appeal to the greatest number of potential buyers in your market. The right arrangements can move you into a higher price-point and help buyers fall in love the moment they walk through the door.