What You Should Net at Closing
To find out how much money you’ll net from your selling your home in Greenville, add up your closing costs and subtract them from the sale price of the house.
|Closing Costs for Sellers|
|Mortgage payoff and outstanding interest.|
|Prorations for real estate taxes.|
|Prorations for utility bills, condo dues, and other items paid in arrears.|
|Closing fees charged by closing specialist.|
|Title policy fees.|
|Transfer tax or other government registration fees.|
Taking regular care of your appliances and checking plumbing and heating/cooling systems regularly can save on costly repairs or even more costly replacements when selling your home in Greenville. Review your home inspector’s report to help you prioritize tasks. It is worthwhile to consult a professional for anything you have a hard time fixing or inspecting. Some professionals may charge a fee.
Your home’s foundation requires periodic maintenance to ensure the moisture of the soil around your home remains relatively constant. Soil that is too dry or too wet may lead to structural problems requiring costly repairs. If you need work done on your foundation when selling your home in Greenville, contact a local licensed civil engineer who can inspect the condition of the foundation and hire a licensed contractor to do the work.
Improper drainage can lead to damage of your homes foundation. To maintain a constant level of soil moisture around your home, consider these common best practices for selling your home in Greenville:
- Keep at least two to four inches of concrete showing below the brick or siding.
- Keep the gutters clear – every spring, remove leaves and other debris that have accumulated during winter storms.
- Check that drainage channels move away from your home. Make sure pockets of standing water do not develop around your home.
Many homeowners find that they have higher utility bills, especially if they have moved into a larger space than what they were renting. Also, some renters do not have to pay for water, but as a homeowner, you do.
Taking care to conserve energy in your home will save you money on utilities. Here are some popular ways that are easy to incorporate into your routine:
- Turn off the lights in unoccupied rooms.
- Control the thermostat setting to a comfortable temperature when you are at home and adjust the setting when you leave the house to reduce your energy costs. It might also be beneficial to purchase a programmable thermostat.
- Run the dishwasher, washing machine and dryer only when they are fully loaded.
- Water lawns and gardens in the morning before to avoid evaporation and ensure the water soaks down to the roots.
- Turn off the water when you are shaving or brushing your teeth.
You have visions of color and comfort. The back porch could use a fresh coat of paint. The kitchen cabinets need to be updated. The bathroom has not changed since 1970.
How far do you take your home improvements? When do cosmetic changes (paint, window treatments) turn into major remodeling and renovation (custom cabinetry/countertops, new tile/tub/fixtures, additions) projects?
To keep the cost of remodeling from increasing dramatically (as many projects frequently do), it is best to set a budget first and work to maximize the features you want within that budget. This may also help set the limit between cosmetic and major improvements.
Many homeowners believe that any improvement will automatically increase the value of their property when selling a home in Greenville. Appraisers offer a more cautious perspective. In general, projects that add square footage to bring your house up to – but not way beyond – neighboring house sizes provide the greatest return. In other words, if you live on a street of modest 2-3 bedroom bungalows, do not turn your home into a 6-bedroom mansion.
Likewise, do not add an in-ground swimming pool if your home will be the only one in the neighborhood to have one. Not all buyers want the added expense of pool maintenance. Cosmetic changes such as new paint, flooring and window treatments are considered matters of personal style and therefore, add the least amount of value to a home.