The Humphrey Team

THE HUMPHREY TEAM

PREPARE TO BE MOVED!

When and How to Refinance Your Mortgage

Oct 22, 2014 in Homeowner . 0 Comment

When and How to Refinance Your Mortgage

Many homeowners choose to refinance to lock in a fixed interest rate or reduce their monthly payment. However, a lower payment doesn’t always mean you’ll save money. Knowing the right time and process for refinancing goes a long way toward making a wise decision.

Refinancing Pros and Cons

There are several pros to refinancing.

-Lower interest rates can significantly reduce your monthly payment and the overall amount you pay.

-Shortening the length of your mortgage term increases your monthly payment, but saves you much more in the long run. However, be aware that you may do just as well by paying a little extra each month under your current terms.

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Should You Add On to Your Home?

Oct 20, 2014 in Homeowner . 0 Comment

Should You Add On to Your Home?

Often, the need for increased space or the desire for extra amenities dictates whether or not homeowners add on to their property. However, there are other things to consider when making your decision. Look at these issues thoroughly before committing to a major remodel.

It May Not Be a Good Investment

Know that when you make major changes to a house, you are changing the property’s value. A good rule of thumb is to keep improvements consistent with other homes in your neighborhood. An upscale bath with a walk-in shower won’t net you a good return if you’re the only one in your neighborhood who has one.

Remember that if the improvements do raise your home’s value, you’ll be subject to higher taxes. In other words, your initial investment isn’t the only thing you’ll be paying out. Heating and cooling costs can also rise considerably, depending on the size of your addition and the materials used.

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Bring a Touch of Tuscan Sun into Your Home

Oct 17, 2014 in Homeowner . 0 Comment

Bring a Touch of Tuscan Sun into Your Home

What does the scent of buttery garlic, fresh herbs and spices have in common with the magnificence of hewn marble and the lightly textured coolness of terracotta? They’re all evocative of the Italian countryside, just as Tuscan style has come to represent pastoral Italy anywhere in the world. 

Italian Palette

Warm, earthy colors typify the fertile ground and bright sunshine of rural Italy. Terracotta browns, golden yellows and hints of rich olive greens or deep vineyard purples epitomize the scent of freshly turned earth and sun-ripened grapes.

Because Tuscan color schemes use bold, dark colors on walls, it is important to use lighter neutrals in your furnishings. The eye is drawn toward lighter colors, so cognac or dusty creams are great for seating areas. This further emphasizes themes of family and togetherness.

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FAQs for First-Time Home Sellers

Oct 13, 2014 in Homeowner . 0 Comment

FAQs for First-Time Home Sellers

Placing a home on the market for the first time can be frustrating. Here are some frequently asked questions that will help you navigate the process.

Where do you start?

The best place to start is with a real estate agent. Many homeowners shy away from using a Realtor because of the associated fees, but there are several levels of service available. Your agent will give you tips for prepping your property and help you decipher the accompanying paperwork and legal requirements of your sale. And unless you’re already in the industry, you’ll likely get more for your property and better marketing with a real estate agent.

What is your home worth?

Though it may be difficult, the process of selling can be much easier if you view the house as your property, not your home, once it’s on the market. With that in mind, the price you’ll get boils down to three main factors: location, condition, and price. Since the first is a constant, you should focus on the other two variables. You’ll need to make reasonable repairs and research market prices in your neighborhood to get the best value for your home.

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Maintaining a Historic Home

Oct 10, 2014 in Homeowner . 0 Comment

Maintaining a Historic Home

Any homeowner who lives in an older house will tell you that it takes a little extra TLC to properly maintain it. Historic homes require even more attention. The difference between maintaining an older home and a historic home can be substantial.

What Is a Historic Home?

Age alone does not make a house a historic building. Historic homes are those that:

-Are over 50 years old;

-Still stand in the original location;

-Represent a specific time period or architectural style accurately or are associated with specific historical events or persons;

-May be designated as part of a historic district or are listed on the National Register of Historic Homes.

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