5 low-budget, big-impact updates for home sellers

5 Low-Budget, Big-Impact Updates for Home Sellers

Nakul Kongovi | February 27th, 2017

All set to sell your home? The feeling of moving to a new home is something which gets you in a pleasant and cheerful mood. But to move into a new home, you need to sell your present home first. And it might not be an easy task, especially if you have payed very less heed towards it. No need to fret though, because you can make use of these small, inexpensive but yet effective upgrades to your home which will surely help you to sell your house a lot quicker.

Kitchen – Bringing Families Together

Considered the heart of a home, home buyers would want this place to be perfect in all possible ways. All you need is a few hundred dollars to update your kitchen, and make it look like you have been taking care of it all your life!
Replace those faucet sets, cabinet doors and remove the old lighting fixtures to be replaced by more energy efficient ones. Also, never forget the leaky taps and the old appliances in your kitchen which might cause some uncertainty in the buyer’s mind.

Rather than spending a fortune on a whole new cabinet system, hire a refacing company or instead give them a makeover yourself. A couple of brand new doors & drawers replacing the old ones, and a fresh coat of paint is all it takes to make it look new and neat.

Bathrooms – They Need Some Attention Too

If kitchen is the place which your home buyers want to be perfect, your baths are the rooms where they will go in search of any fixes which are left unattended. So it is very important that you improve the condition of your baths such that your buyers are really impressed wit your home maintenance skills.
And the best part is, improving your baths will surely not cost you a lot. Just a few simple things like a new toilet seat and a pedestal sink are pretty easy for you to install, and they actually make a lot of difference in the appearance of the bath.

Also, pay heed to your bathroom floor, your tub and shower, as you may need to take up these as well. Might be the discolored floor which would need some easy to apply vinyl tiles, or the dingy looking tub which would need re-grouting as a cover up. Make sure that you don’t take any of these on lighter terms.

Light Up Your Home

Those boringly old recessed lights in the rooms have had their share of being a part of your home, and it is time to replace them now. Make use of lights which are attractive and nice-looking and at the same time inexpensive as well. Home stores is the best place where you can find such items which can add some charm to your home and at the same time not be a burden on your pocket as well.

Take Care Of The Curb Appeal

It is an obvious fact that your curb appeal needs to be apt when you plan to sell your home, as the exterior of your home is the first thing which home buyers tend to look at, and most of the times that is the point where they make up their mind whether they  want to buy your home or not. A nicely mowed lawn, well placed shrubs, a swept walkway with some flower plants on the sides are some small measures which can create a noticeable difference on your home.

Sell your home impact

 Paint Inside Out

A fresh paint of coat can actually do wonders to your home. Whether you are planning to sell your home, or you just want to have a complete new look, painting it inside out will add a lot of value. And the best part is, it wouldn’t even burden you with respect to the money you have to spend on it. Hire a crew, and they will take care of the rest.

And once you are done with the work, you might even feel like staying back, rather than selling it and moving to a new home.

Selling a home is not a piece of cake to everybody, especially in a competitive market where every other home on sale is trying to better than the other. So it is very important that you give some attention to make your home look more presentable to your buyers.. But do you think all these updates are a little time consuming, and you don’t have time for it? Want to sell house fast instead? Get in touch with Realty Simplified LLC. We buy house in Houston as is, under any condition and offer quick cash in return. Call us or drop a mail to know more about how to sell your house in Houston.

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Ways To Detect And Remove Mold In Your House

Ways To Detect And Remove Mold In Your House

Nakul Kongovi | February 1oth, 2017

One of the most common problems which gives nightmares to homeowners are mold in your house and mildfew infestations. These kind of fungus grow on just anything and everything and thrives on damp, poorly lit and poorly ventilated places where we can find a lot of moisture. Mold in your house not only produce unpleasant odor, but also cause serious illness and allergies when left unattended. So, it is very important that you find out how to detect and remove mold from your home before it causes some serious damage. Read on to know more.

Detect Mold In Your House

Identify the Signs : Look out for molds in areas where there is moisture like bathrooms and kitchen. They can have a variety of colors like gray-green, white, pink etc, the most common one being black. It is usually a small patch which spreads over the area over a period of time.

Odor : Mold in your house can sometimes be in places which are hard to find. It might be a long forgotten closet in the kitchen or a far corner of the bathroom walls. But even though you cannot see the mold, you can smell it. A disgusting odor which confirms the possibility of mold. Never ignore and quickly inspect before it gets worse.

Water Problems : Leaking pipes, water seating by the bathroom or kitchen windows, or the water stains and discoloration of walls are some of the signs which directly point at the presence of mold in your house.

Detect Mold In Your House

Remove Mold In Your House 

  • Moisture

The first step for mold prevention and removal is to clean those places inside a home where molds are most likely to show up, and try to keep them dry. Always keep your bathrooms and kitchens clean, and make sure that all those rusting pipes are replaced as well. Also check on your basement on a regular basis as the basements often tend to get damp, resulting in mold.

  • Cleaning Solutions

You can make use of a number of cleaning solutions which are not only inexpensive, but are easy to find as well.

Bleach : Mix a cup of bleach with a gallon of water and spray it on to the affected area. A very effective solution for moldy surfaces, bleach does have a few drawbacks of its own.It gives off harsh fumes and can also produce harmful toxic gases if mixed with ammonia or other home cleaners.

Vinegar : A safer option than Bleach, this solution can be quite effective on mold. You need not mix it up with anything else but instead spray the undiluted vinegar directly onto the affected area.

Borax : A highly toxic substance, but very useful for mold prevention. Mix one cup of Borax for each gallon of water and clean using a scrubbing brush to remove mold effectively.

Though all of these solutions can help you remove mold in your house in an effective way, one main drawback is that these cannot be used on porous surfaces.

On the other hand, for mold prevention and removal on porous surface, you an make use of baking soda. Add about 2 tablespoons of baking soda to 8 ounces of water and spray the   solution on the affected area for easy mold remediation.

  • Hire A Professional

Persistent mold infestation is not something which you would want to deal with, especially if you are in a place where you need to sell your house fast Houston. At such times, you might have to hire a mold remediation or a mold prevention expert.

Do your research, ask people, search the internet and find out the most efficient one to handle mold testing in your home. An expert professional will have a look into your house, determine the condition of the infestation, and let you know whether you can take care of it or will you really need the help of a professional.

Handling mold in your house is something which requires immediate attention and outmost care. If you don’t know what you are doing, you might end up in troubled waters, especially during times when you have to sell your home.

If ever stuck in such a situation, and you really don’t have time for all these measures, contact Realty Simplified LLC. We buy houses Houston under any condition, and offer quick cash in return. Call us or drop a mail to know more about how to sell house fast Houston.

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How To Sell My House And Reinvest In Another One And Not Pay Taxes?

How To Sell My House And Reinvest In Another One And Not Pay Taxes?

Nakul Kongovi | January 2nd, 2017

The first important thing that you should know when you plan to sell your property, or as soon as the thought of ” I have to sell my house” comes into your mind is that, the entire event is a taxable one. There are a number of taxes which you will be liable for, and these taxes might slam down really hard on you if you do not have a basic idea about these taxes.

 Along with getting to know more about them, you also need to know how to reduce, or in some cases even eliminate the tax liabilities when you are reinvesting your fund on another property. Read on to know more about how to handle and avoid excess tax.

Know your Profit

Before you try and figure out what your tax liability could be, first try to know how much exactly have you made. You can start by the cost basics, which is the purchase price plus closing costs and all the other spending on the improvement of the property. You can find your total profit by subtracting your total cost basis from your net sales proceeds (selling price less the closing cost)

For example suppose you bought a house for around $150,000, paid $2,000 as closing cost and spent the $15,000 on the renovation, your total cost basis would be $167,000. Now if you are selling your house for $300,000 and paying $100,000 in closing costs, you would be making a taxable profit of $33,000.

1031 Exchanges

When you sell your property, and buy another one for investment, it will be really helpful if you structure your transaction as a 1031 tax-deferred. Your transaction will not be treated as a taxable one, as long as you follow the rules of IRS and nominate a third-party to hold your money when you sell your house and you buy a the new place.

Tax Liability

Know your Profit

In cases where you have held your property for more than one year, your capital gains are taxed as long term capital gains. On the other hand, if you have held the property for less than a year, the capital gains are taxed as regular income. When selling a house, the category under which you fall, has a great impact on the amount of tax paid by you. It also depends on whether you sold your property at a profit, or at loss, as in both the cases you need to pay different recapture taxes.

Selling Personal Residences

When selling your house, and if the property is a personal residence, the IRS doesn’t allow you to do a 1031 exchange and buy another one. So before you jump onto to the 1031 transaction in order to sell your property soon, know about the fact that you can exclude a large portion of the gain from your taxes because your property has been your primary residence.

Based on the 2012 tax year, a single person or a married couple (applying jointly) can exclude the first $250,000 and $500,000 in gains from taxes respectively. This means you need not break your head too much on “how do I sell my house and make profit, if I have to pay so much as tax?” 

Taxes can be a real headache, especially when you want to sell your property and invest in another one. There are many ways in which you can avoid paying excess tax. But the best way is selling your property with us. We at Realty Simplified LLC buy houses in Houston and offer instant cash in return. Call us or drop a mail to know more about how to sell my house Houston.

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