Happy New Year! Real Estate Goals for 2020!

The beginning of the New Year is a perfect time to get motivated to take stock. Taking stock in terms of real estate can mean a lot of different things depending on where you are on the real estate continuum. Home Ownership comes with a lot of decisions spread over time. What time is it for you and your journey?

Are you a brand new buyer? Is this the year you are planning to downsize, or upsize? Or is this the year to tackle those large or small home maintenance updates? It may be as simple as tackling a home inventory for insurance and record keeping. However, when it comes to real estate there is always something to do. So this blog is meant to encourage and motivate you to harness some of the New Year Inspiration and dive into tackling whatever goals you may have for the New Year!

This can be as it applies to your current home and your overall investment, or diving in to look at your real estate wealth equation. Whatever that looks like for you, I want you to know that I am a trusted expert here to advise, support and recommend.

First Time Buyers

Buying a house is a good way to start building financial security. Think of it as a forced savings account. You get to keep your money as opposed to kissing it goodbye when you pay rent. The other side is, as you pay down the mortgage, you build up home equity, which is a valuable financial resource. Mortgage rates should remain low for 2020, so if you think you’re ready to buy a home, it’s a good time to make the move.

Update Inspiration

If you already own your home and have no intention of moving, you may be facing some updates. What was “in” a few years ago has changed. While you should not jump on the latest trend treadmill, you should try your best to stay classic and current.
Check out my two part series on what TOP THINGS DATE YOUR HOME for a long list of what things most date your house.

Updating on a Budget One Room and One Update

If prefer to wade in to the update mode slowly, and are interested in getting the most bang for your buck…the kitchen delivers. Need to settle for one update in the kitchen?

Choose Countertops. A quick and dramatic update you can make in your kitchen is to replace the countertops. And oh what choices you will have!

Read More about Countertops in Karen’s Two Part Blog

Home Inventory

There are so many reasons to take the time to commit to paper, video and images, the contents of your home every few years. Most people are woefully underinsured and don’t even realize it. You want to ensure that in the event of a catastrophic fire, flood or even theft you will be compensated fairly.

Mortgage Evaluation

How’s your rate? Have your circumstances changed radically since you first got your mortgage? What about the type of mortgage…does it still make sense? Remember that this will cost your time to evaluate, and it will cost you to get a new mortgage. However it’s still completely worthwhile to examine this piece of your homeownership equation.

Check with any of Salter’s Sources for Lenders to help you with your evaluation.

For more information on all things real estate, please use Karen’s Blog as a great source of inspiration and helpful tips! And as always, do not hesitate to contact Karen for help with your Real Estate Goals for 2020!