Nov. 26, 2021

Critical Things to Check Before Buying a Home

 

Congratulations! You’re almost a homeowner. But wait a minute! Read this blog before you sign those papers.

Buying a house is a huge decision and an investment that you’re making for your future. You have to consider various factors before you decide to buy a house!

If you’re a first-time home buyer looking for your dream home, you can find the process daunting. So, when you find a property you have your eye on, you’re ready to strike a deal before anyone else does. But no matter how rushed the market may be, be sure you don’t get into a fixer you end up regretting.

Think of house shopping as a first date, and check these things before you commit!

The Location and The Neighborhood

The location is the most important part of a home. It adds to your home’s value and, if the surroundings are good, can even add to your curb appeal. Make sure the location of your home is away from things like traffic, pollution, and noise.

Have you checked if your workplace is nearby? And if you have children, is there a school that’s nearby? Having a school nearer to you can make the commute easier for you and your kids. You also have to check if the location is near businesses and services you’d frequent.

The Size of Your House

Though it seems pretty simple, have you checked if the size of the house will accommodate you perfectly? No matter how beautiful a house is, you have to see if it’ll be according to your needs. For example, if you have a bigger family and need a home with lots of bedrooms, something smaller won’t cut it!

And no matter how tempting it is, never buy a space bigger than you need! You might be arching an eyebrow, confused. But, hear us out! A bigger house just means that there’s going to be more space you need to maintain. And that means you’ll have to pay more utility bills!

 

The State of The Appliances

Appliances are the most expensive component of the property and should be given proper attention to. If the appliances are more than ten years old, they need to be replaced. Just because the appliances look new doesn’t mean they’re working perfectly. It could be that the homeowner bought these appliances to interest buyers. Make sure that all appliances and fixtures from the washer to the fridge are working in optimum condition.

You also need to ensure that the appliances you’re looking at will stay in the home when you buy them to ensure that the seller isn’t being sneaky.

The Windows and The Doors

Many people overlook windows and doors, and this ends up becoming a regret! Your windows dictate how much sunlight you’ll get and how hot your home will be. The placement also dictates if you’ll get sunlight in the morning or the afternoon. If you’re shopping in winter, keep summer in mind while you do.

Similarly, if you’re shopping in the summer, keep winter in mind by opening and closing the doors. This will help you check if there are drafty windows and doors. By the time it’s winter, you won’t be able to do anything about it!

State of The Electrical Panel

Though your home inspector will conduct a review, they may not cover everything. Check for any potential safety hazards and if the electrical panel is neat and organized. These go hand in hand as messy, disconnected wires can be a potential safety hazard.

Are the Outlets Working?

Another thing people gloss over despite it being super important! Before you buy a home, check if all the outlets are working and in good condition.

How’s the Bathroom?

Always check the bathrooms to make sure all fixtures are working properly. You need to test if the showers, sinks, toilets, and baths are in optimum condition. Though replacing a faucet might not be a big deal, but you’d want a functional toilet and a shower that doesn’t drip when you move in.

Check for Any Health Concerns

Though a home inspector will look for things, you need to check yourself too. Look out for any rot, pest issues in the home, see if there’s any roof damage, any mold over the exterior of the home, the wiring, etc. They might seem small but these damages end up in bigger damages like how damp basements and faucets that drip cause mold. And mold can amplify health issues like allergies, immune suppression, asthma, etc.

Check the Insulation

Always check if the home has proper or improper insulation. Not only does proper insulation keeps your home warm in winters and cooler in summers, but it also helps lower your utility bills significantly.

Is There Any Potential Leakage?

You have to check the specific areas of the property that can have water infiltration and leaks. Take a closer look at the drains in the outdoor patios, gutters of the roof, etc., to see if they’re in good shape. Proper drainage can ensure your home’s structural integrity will remain unscathed.

Check the Basement Walls

Though it’s one of the most common problem areas of a property, most people tend to ignore it. You have to check the basement wall for mold, mildew, or anything else.  Though it’s harder to check and you won’t be able to guess unless you’re visiting the house after a rainstorm. But, don’t fret! One easy sign to tell if there are any problems with the basement walls is to check if it smells musty or damp. Also, check for rusty metal, crumbling grout, moisture on foundation walls, etc. 

You can also find pest problems in the basement. So, it’s best to give the basement a thorough evaluation.

If you’re searching for a contemporary home in Dallas, working with Realtors can ease the hassle. Dallas Contemporary Homes is a real estate service with years of experience that helps you find the modern home of your dreams.

Our website features exclusive services for our clients, such as an up-to-date listing service for the best modern Dallas homes for sale. You will also have access to your very own MLS portal to find your dream property with convenience while giving you an edge over other buyers.

We will also negotiate your side and protect your interest when it comes to buying a house. We’ll go the extra mile to give you the hassle-free house buying experience that you wish for.

Connect with us today!

Posted in Dallas Home Buying
Nov. 23, 2021

Does a Swimming Pool Increase or Decrease Your Home’s Value?

 

We all agree that swimming pools are a great addition to any modern home. Not only are they aesthetically pleasing, but they can be a great place to host dinner parties too. However, getting a swimming pool and maintaining it requires a lot of effort and money.

 

Pros and Cons of a Swimming Pool

Before getting a swimming pool, you should decide whether or not a swimming pool will add to your house’s value. Here are some pros and cons of swimming pools that help you determine the impact of a swimming pool on your home’s value.

1- Pro- Increases Your Social Value

The biggest advantage of getting a swimming pool is that it makes you one of the most popular people in your neighborhood. The swimming pool can be a great place to invite your friends, neighbors, and extended family over for entertaining hangouts and impress them.

2- Con- Safety Risk

Having a swimming pool isn’t just about the good things! Building a pool in your house comes with red tape and various security measures. Pools that are deeper than thirty centimeters should always have a child protection barrier.

In every state, permits are a must for constructing the pool or adding fences or gates. All the gates and security barriers should be checked and maintained regularly to minimize the risk of an accident.

The doors should have self-closing features and should be closed all the time as it’s a punishable offense to keep the swimming pool barrier’s gate open. Anyone who fails to follow the regulations mentioned above has to pay a hefty fine.

3- Pro-Family Friendly

Apart from hosting dinners for your friend circle, you would also have to agree that a swimming pool is a perfect place for a family day out. People that have kids can use the swimming pool more often and teach their kids swimming or just let them enjoy splashing in the pool! Having a pool in your own house also makes supervision easy, as you don’t have to worry about them not following safety measures in a public pool, beach, or water park.

Factors That Increase Value

According to several types of research, swimming pools can add to the value of your home. However, this is not always the case. Adding a swimming pool can increase your home’s value by seven percent, but you also have to consider certain factors alongside which will impact your swimming pool’s value on your home.

Here are some factors that would help a pool increase the value of your house.

1- Lavish Additions

People who purchase homes with swimming pools often do that because of the luxury factor. Therefore, having a pool with lavish decorations can add to the pool’s value and make your house a preferable option among people looking to buy a house with a swimming pool. Here are certain things you can add to your pool to increase its luxury factor.

-          Design a beautiful pool area with a trendy color scheme. Use tiles to arrange the wall patterns in stylish geometric designs, as they make a major impact.

-          Add lights to increase the usability of the pool. With proper lighting, people can use a properly lit swimming pool and the area around it at nighttime.

-          Add plants or sculptures to give your swimming pool a more festive look. Adding plants to your swimming area can also make your pool more eco-friendly. You can also add a deck or a paving stone path.

-          Install proper gate and fencing in your swimming pool. Having a proper security barrier is a necessity, which also attracts many house buyers.

2- Rich Neighborhood

Swimming pools can increase the value of your home, but only if the neighborhood-style is followed. If you live in a high-end neighborhood where every house has a lavish pool, then adding a luxury swimming pool to your backyard is a smart option. However, a simple swimming pool will be the better choice in a neighborhood with no private swimming pools around. People looking to buy a house in an affordable neighborhood wouldn’t be willing to pay extra for a swimming pool.

3- Warm Weather

Do you live in an area that has frequent thunderstorms or an extensively long winter period? If yes, then adding a swimming pool to your house would be an impractical choice. However, if the climate in your area is sunny around the year, getting a swimming pool would increase the value of your home. In warm weather, people would be more likely to pay extra for a swimming pool in their garden, which they can use all the time.

4- Well Maintained

If your swimming pool is dusty with cracks and has moss growing out, no potential buyer will be interested in purchasing your house. If you want your swimming pool to add to the value of your home, you would’ve to invest extra in the regular maintenance of your pool.

Factors That Decrease Value

Adding a swimming pool to your house isn’t always the smarter option. Here are some factors that minimize the impact that a swimming pool will have on the value of your house.

1- Colder Temperatures

If your geographical area faces rain spells, snowstorms, or just remains chilly throughout the year, installing a swimming pool is of no use. Instead of adding to your house’s value, it would decrease the value as no one would be interested in buying a house with a swimming pool and then spending money on maintaining it in such weather conditions.

2- Hiring the Wrong Realtor

You might think that selling a house with a swimming pool is a piece of cake. However, this notion isn’t true! The pool might attract certain individuals, but others consider the cost-worthiness in depth. Hiring a Realtor that would market your house to people with toddlers isn’t the right choice, as people interested in luxury options would be more likely to buy a house with a swimming pool.

In conclusion, getting a swimming pool may increase the value of your modern home by seven percent. However, you should consider getting it after considering the factors mentioned above. At Dallas Contemporary Homes, we allow you to sell your modern home with a swimming pool easily.

Your modern house in Dallas, TX, will maintain its value on our platform.

Posted in Dallas Home Buying
Nov. 12, 2021

October 2021 Dallas Real Estate Market Stats

October 2021 Dallas Real Estate Market Stats

The Dallas contemporary/modern home market has been on fire! Homes are selling OVER asking price with multiple offers! Experts are predicting that the median home prices are predicted to grow 16% this year in Dallas. Historically low interest rates over the last year has influenced many to buy a new home creating a competitive market!

If you're considering purchasing and/or selling a contemporary style home in Dallas this Fall, then WE NEED TO TALK! Having a pre-approval before you begin house hunting ensures you're prepared to make an offer when you find the right home! Let's connect and put a plan together that will ensure that you are successful in buying or selling a home this year! 

Click here to view ACTIVE LISTING data!

TX is a non-disclosure state, so please contact me directly, if you'd like the actual sold data for September.

P.S. If you'd like additional information on anything you've seen or heard in the report or video, then let me know, and I'll help you interpret the data!

 

Click here to learn more on our YouTube channel!

Nov. 10, 2021

What Defines a Contemporary Home - Infograph

Get to know the difference between a contemporary home and modern home with the following infograph:

Posted in Dallas Home Buying
Nov. 9, 2021

Does Outdoor Space Matter When Buying a Home?

A beautiful house

Your home is where your heart is, which is why you'd want it to look stunning and serene. From home architecture to the interior, people tend to ensure every aspect is up to their expectations. However, most homeowners tend to neglect their potential home's outdoor space. Outdoor spaces are as important as a home's indoor space, and you should consider it before closing the deal.

If you're confused about why outdoor spaces matter when purchasing a home, don't worry; luckily, we've prepared a complete guide to help you understand the significance of outdoor space.

Significance of Outdoor Space

A green and beautiful outdoor space

Outdoor spaces have been a focal point for potential buyers for many years. However, the pandemic has prompted greater demand for homes with outdoor spaces. 85% of experts have stated that homeowners are willing to maintain and invest in outdoor spaces since the pandemic. With frequent lockdowns, an outdoor space became a way to relax in nature and not stay cooped up inside your living room.

Homeowners can relax, enjoy outdoor views, and even host dinners on their patio or deck.  

Moreover, outdoor spaces can be a great addition to your houses and spruce up your home if well decorated. Undoubtedly, outdoor spaces are the first feature of your house that grabs people's attention. This is why it's essential to pay attention to the outdoor space when purchasing a home.

Now that you've gotten a brief on the importance of outdoor spaces, let's take this discussion up a notch. We've compiled a list of benefits of outdoor spaces that make them an irresistible and must-have home feature for every potential home buyer.

Benefits of Outdoor Space

Increases Your Home's Value

Real estate is an investment, and you never know when you might need to sell a property for a better option. One factor that can increase a home's value is its outdoor space.

Many homeowners spend a fortune to improve their outdoor spaces since it enhances home value. But why do they go to these lengths to beautify their outdoor spaces?

Home renovations like building a patio or adding a fire pit go a long way and add more value to your property. A homebuyer will be more likely to pay a better price for your home if it has an attractive outdoor living space with all the essential amenities.

Outdoor Spaces Add to Your Home's Appeal

An appealing outdoor space

A striking interior is bound to grab attention, but an attractive outdoor space will amplify that appeal. While your interiors speak volumes about your style and preference, an outdoor space gives visitors a peek into what the interior space holds.

When purchasing a home with an outdoor space, you can revamp it to maximize your home’s appeal. From patio and deck designs to pergolas to firepits, the options to increase your home's appeal are endless.

Outdoor Space Allows You to Entertain More Guests

You don't have to worry about missing out on the Christmas cheer and party this year. If you don't have enough space for entertaining an army of guests indoors, you can always take the party outdoors and treat your guests to dinner on a starry night.

Outdoor Space Can Provide a Play Area for Your Children

If you have kids, you should definitely look for a property with a stunning outdoor space. This way, you'll have enough space to create a play area for your kids. Moreover, kids can connect with nature, and play outdoor games without going out of your sight.

You can transform your outdoor spaces with swings and slides so that your children enjoy their days at home.

Outdoor Space Increases Your Living Space

Creating a cozy outdoor living space can be an extension of your indoor living space. Connect it to the rest of your home with bi-fold doors or a large pocket door to let the outdoors in. If you have guests over, you can simply open your patio doors to make your living space look more spacious.

Outdoor Space Can Improve Your Health

It's a no-brainer that fresh air can improve our health and is vital for a healthy body and mind. Outdoor space allows you to soak up the benefits nature has to offer. Moreover, you can get your daily dose of vitamin D and fresh air.

An outdoor space can reduce stress levels, fatigue and revitalize your body. Not to forget, it can help strengthen the immune system and keep you safe from various diseases.

How to Create the Perfect Outdoor Space

We're sure by now that you've probably understood the benefits and significance of outdoor spaces. If you've changed your mind and are considering buying a home with outdoor spaces, you'll need to be prepared to transform it.

Creating the perfect outdoor space can be a tedious yet exciting task. If you're confused about where to start, don't fear; we'll help you out. Here's a little guide that will help you build the perfect outdoor space for your new home.

Go Green

Outdoor space with plants and furniture

Plants and flowers can enhance and transform the look of your outdoor space without drilling a hole in your pocket. All you need to do is to sow some seeds in your garden to grow your favorite plants and flowers. Or you could purchase potted plants and instantly revamp your space.

Going green won't just enhance your house appeal but also improve air quality, making it the perfect win-win addition to your home. There are infinite ideas and ways to add greenery to your house. However, the following are simple and effective ways to do so.

Plants and Flowers

If your new house doesn't have a large outdoor space, you could always use small flowers and plant pots. You can opt for colorful ceramic pots with geometric patterns to add a splash of color or invest in classic terracotta pots for your plants.

Hire Landscaping Services

If you're unsure how to spruce up your outdoor living space,  just hire landscaping services. These professionals will work to beautify your outdoor space, plant trees, perennial plants and flowers, and even maintain your lawn for you.

 A Touch of Exquisite Furniture

Remember, less is more which is why you don't want to overcrowd your outdoor space. All it needs is a touch of furniture and decor. If you're fond of dining under the beautiful sky, you can set up a few chairs and a table.

For winter, you can always install a fireplace or fire pit to keep you and your company cozy. Put together some comfortable sofas and chairs, and voila! You have the perfect warm and cozy space to enjoy dinner outdoors!

You can always go the extra mile and take your outdoor space up a notch with an outdoor kitchen. Host BBQ nights and parties with a delicious dinner cooked in your outdoor kitchen.

Outdoor furniture does require consideration and thought. Since outdoor furniture is exposed to harsh weather elements, you might want to invest in weather-resistant furniture. Here are some options for you.

Aluminum Furniture

Aluminum furniture is often the top choice for homeowners looking for durable furniture since it doesn't rust easily. In addition to that, it doesn't require regular maintenance, and it's easy to clean.  

Wood Furniture

Wood furniture is one of the most exquisite furniture materials and can give your outdoor space a chic look. However, wood furniture is a bit pricey and requires some regular maintenance.

Personalize Your Outdoor Space

What's an outdoor space without accessories and décor? Incomplete! There's no way you can skip outdoor accessories when creating the perfect outdoor space in your home.

Don't stick to the conventional styles; think out of the box and personalize. Let your mind explore and come with the perfect accessories.

To create the perfect romantic environment for you and your significant other, all you need to do is use some candles, dim lights, and a cozy setting.

Furthermore, you can take your accessory game up a notch with curtains, mats, pillows, carpets, and more.

Say Yes to Water Features

There's no better way to relax than enjoying a dip in the pool. Water features can further enhance your home’s value and appeal. This is why most homeowners often revamp their outdoor spaces to install pools or hot tubs. If you're considering this possibility, here are a few ideas that can help you out.

Hot Tubs

If you want to create a relaxing spot in your outdoor space, a hot tub is a perfect choice for you. You can work with pool designers and architects to build a hot tub and enjoy a relaxing dip whenever you like it.

A hot tub isn't just good to blow off some steam but can also benefit your physical health. Spruce up your outdoor space with a hot tub this season!

Swimming Pool

As expensive as swimming pools can be, they can be a valuable investment that pays off in the long run. Your children can have the time of their lives and beat the scorching heat with a dip in the cool pool water.

Moreover, a swimming pool in your backyard will take your home’s value up a notch and make it an attractive feature for potential homebuyers.

Contact Dallas Contemporary Homes Today

We hate to interrupt your train of outdoor space ideas, but now that you're all ready to purchase a home with an outdoor space, you'll need a little help. If you're looking for contemporary houses in Dallas, consider getting in touch with a Realtor.

Our Realtors at Dallas Contemporary Homes can get you the best house with a brilliant outdoor space!

Our online platform features listings from different areas in Dallas, including Bishop Arts, Downtown Dallas, Knox Henderson, and Lakewood. If you're looking for homes with outdoor spaces, you can view new listings on Dallas Contemporary Home's online platform.

Moreover, our Realtors have made buying real estate easy for our clients. Our website provides all the details, pictures, and even virtual tours of contemporary homes for sale right here in Dallas.

If you're a seller and wondering whether your outdoor space renovation has boosted your home's value or not, our consultants can help you out! Our Realtors can estimate your home's worth by evaluating it in the current real estate market.

Furthermore, our nine-step 'Seller’s Advantage Plan’ can help you market your modern home and sell it for the best price possible.

Get in touch with us today for more details.

Posted in Dallas Home Buying
Nov. 5, 2021

What to Expect from Experienced Realtors - Infograph

The following infograph gives you an idea as to what to expect from Experienced Realtors

Posted in Dallas Home Buying
Oct. 30, 2021

The Complete Guide To Buying Your First Home

 

64.8% of Americans own homes in the US, with the average home buyer age being 45 years. 

Purchasing a new home is a joyous experience for everyone. For most people, it's a once-in-a-lifetime experience. Regardless of the circumstances making you do it, the homework before you take the plunge is extremely important.

Purchasing a home is a long-term investment that requires a BIG monetary investment. From search the right home to figuring out the payment plan, there are many factors to consider before making the final decision. That's why we have a detailed guide to help you understand the entire procedure and be aware of the possible issues during the purchasing process.

Before you jump into the process, there are many different types of homes; mid-century modern homes, town-homes, contemporary homes, ranch-style homes, condos, mansions, and many more.

Research about the different styles of home to determine which style suits your lifestyle the best. This will narrow down your search while keeping you on the right track.

Here's how you should proceed forward:

Budget

It always sounds fun to power on the laptops and initiate the search for your perfect home. After all, you're just looking around, so it's pretty harmless. Soon it begins frustrating you because the beautiful home you've got your heart set on is absolutely out of your budget. Before you end up getting caught in this cycle of disappointment:

  1. Talk about the budget.
  2. Think about your savings and how much you would like to invest in the down payment and the monthly mortgage plan you can afford.
  3. Once you've got the main issue sorted, start working your way up.

The best way to check the affordability of a home is to follow the 28/36 rule. As per this rule, your borrowings for a new home shouldn't exceed 28% of the monthly income, where the total debt shouldn't be above 36%.

The total debt here means ALL your debts, including car, credit cards, student loans, etc.

Mortgage Pre-Approval

Don't start finalizing deals before you have "the talk" about a mortgage. While bank advertisements might make a mortgage seem as easy as walking in and taking money, it's more complicated than that. 

Mortgage pre-approval consists of paperwork that shows how well qualified you are regarding your financials. It's a thorough report about your finances that reflects the amount you would need to borrow and whether the house can be afforded or not.

It's important to understand that pre-approval DOESN'T mean you've got a loan in hand; it only helps sellers know how serious you are about the purchase by lining up your funds.

Realtor

home buyer and agent

Doing everything yourself can be very tempting, especially when it's something like purchasing your first every home. However, we highly recommend that you avoid it. Buying and selling a home involves many technicalities and verification of structure codes that you might not have any experience in.

And most importantly, sellers always have their agents, and to negotiate with them, you need an expert at your side who understands the tactics agents often use. Moreover, many realtors can leave you hanging midway, ruining your chances of securing the home of your dreams. Prevent that from happening by choosing Dallas's most trusted real estate company, Dallas Contemporary Homes.

Dallas Contemporary Homes offers the best real estate services in the Dallas area. From Dallas mid-century homes for sale to Midway Hollow homes, they have the expertise to deal with them all. Dallas has a lot of variety to offer which can get overwhelming.

With them on board, you can sit back and relax while they skim through the city to find the best home and neighborhood-based on your needs and requirements.

Visit their website for more information.

1.      Needs vs. Wants

When you keep switching from one listing to another, the line between needs and wants can get blurry very quickly; an outdoor kitchen, fireplace in the bedroom, patio, and so on. The more you'll derail, the tighter your budget gets. That's why it's always best to go classic here and make a need versus wants list.

Start from the main reason that pushed you to search for a new home. For example, how many bedrooms do you need? How many bathrooms are mandatory? Do you need a garage? Is the new home near the school district or far? Will the new location affect your transportation cost to work?

The more questions you'll ask yourself, the more refined the list will be. You might not find EVERYTHING from your list in one home, but it'll help keep you on track!

2.      Initiate the Hunt

Once you've sorted all the main concerns regarding the purchase plan of a new home, it's finally time to begin hunting. Having an estimated budget and a list of essential qualities in your dream home makes the process much easier. However, don't just go around jumping from one open house to another; plan it out.

Start by searching online to get an overview of the market. It'll give you a reality check about your budget and whether the home you're aiming for can fit into the budget or not. Look into different neighborhoods and check which fits you the best. Though, what you see online is not always 100% accurate. So, keep that in mind when proceeding forward.

3.      Time to Make a List

When you start the trips to open houses or by appointment, it's time you start making a list. Take pictures and videos along with notes. List what you like about the property and what you don't. When you visit multiple properties in a short span, details regarding each home become foggy.

The first visit helps you decide whether the home is worth your consideration or not. It gives you clear access to match your needs with the home. If a property doesn't meet your basic needs, cross it and move forward. If you find a property that does, you can plan a revisit. And don't just settle on one home if you like it; it's still best to continue looking until you find four to five homes of your preference.

When you have your top few preferences, compare them to see which property offers the most worth for the price and meets the majority of your requirements from the list. Pay close attention to little details before deciding on a home; closet space, finishing of the interior, quality of products used, hinges, etc.

4.      Inspection

 

While everything might seem all good on the outside, who knows what's happening on the inside? That's why it's always important to get a home inspection, even if the seller provides you with an inspection report. Hire your home inspector to conduct a thorough inspection of the potential home.

A detailed inspection should include a check-up of:

  • ·         Interior plumbing
  • ·         Electrical system
  • ·         Roof
  • ·         Attic
  • ·         Insulation (for heating and conditioning)
  • ·         Structure (ceiling, walls, floor, windows)
  • ·         Doors
  • ·         Foundation of the home
  • ·         Crawl spaces
  • ·         Basement
  • ·         Exterior drainage
  • ·         Other safety components.

Another inspection is also mandatory to confirm whether the home has any mold or mildew issues. If it does, it requires proper treatment and removal, or else it can spread around the house, causing a bad odor and structural issues.

5.      Home Appraisal

The seller is demanding $400,000 for the home, and you can only give $350,000. The negotiation war can go on, but who's right here? A home appraisal officer can help you. A licensed inspector visits the property to conduct a thorough inspection. Do keep in mind that this inspection is very different from the one mentioned above.

The inspector's role here is to check the property's structure, its condition, the value of any upgrades that were made to the property, and compares it to the other homes on the market in the same condition. Based on the information received, they will provide a fair value of the home.

Getting a home appraisal is very important for the buyer and seller as it can help clarify any confusion and enlighten the parties involved with the property's actual worth.

6.      Offer

Once everything is clear, all reports and inspections are clear, and up to your standards, it's time to place an offer. This is where your agent will play a very important role – negotiating the perfect deal.

While the seller has listed their asking price, that's not the final price; that's just the beginning of your negotiation process.

Your agent, such as Dallas Contemporary Homes, has years of experience working in real estate. Apart from the value provided by the home appraisal offer, they can tell you what a fair offer will be and how it can be achieved. They have adequate knowledge about which is a "hot" neighborhood, which home is in a prime location, and other factors that can affect the market price of properties.

Moreover, you're probably not the only one interested in the property; there could be many other applicants like you. That's why you make your case stronger by including a "real estate love letter" and "earnest money." A love letter is attached with the offer letter that tells the seller why you think you'd be perfect to live in this home. While this isn't a mandatory requirement, it simply helps form a connection with the seller.

On the other hand, Earnest money is a goodwill deposit to show you're a serious buyer. That money is later adjusted in the down payment of your home.

It would be best if you remembered that while you're negotiating, you don't lowball or insult the other party in any way, as it can lead to the dismissal of your application altogether. Quote a fair price and be ready for the back-and-forth process.

7.      Closing

This is the final step before the home is finally yours. Once the seller accepts the offer made by you and your agent, it's time to finalize all the paperwork and bid farewell to your years of savings.

Your lender will share a "Closing Disclosure" document with you three days before the closing. You must take your time and review every clause and detail mentioned and ask any questions you have when you sit at the closing table.

The next step is to prepare your finances. Discuss with your mortgage advisor to see how much money you can access for your down payment, closing cost, and all other bills related to the property inspection. It'll be best to have a detailed discussion with your lender to walk you through the process so that you're confident when the closing meeting happens.

And when the day arrives, you're just a signature away to have the keys to your new home. It's time to turn a new leaf and make new memories with your friends, family, and loved ones. All your home decorations tips and tricks will be coming in handy, so keep them ready.

Bottom Line

 

The property market conditions are changing every day. You'll not have some experience you had from 10 years ago. Economic fluctuation, interest rates, government policies, demand and supply ratio of available homes in the market; all these factors play a huge role in defining the final price of a property.

This blog is meant to help you understand the general process one experiences when buying a new home. However, in no way is this going to prepare you for the actual problems you might face in the process. Every situation and home buying experience are different from the other.

Conduct your thorough research but also have an experienced realtor by your side.

Real estate scams are a real thing. As an average citizen, you're not expected to know about the nitty-gritty of the property world; however, an agent does. Cover all your bases with Dallas Contemporary Homes to ensure you get the right house at the right price.

They have the best realtors for the entire Dallas city and can help you find modern homes, contemporary homes, ranch-style homes, condos, and mid-century homes in Dallas.

Get in touch with them to initiate your home buying journey for a better tomorrow. 

Posted in Dallas Home Buying
Oct. 26, 2021

Creating the Perfect Outdoor Space for Your Modern Home

 

Your home is where your heart is, which is why you’d want it to look beautiful and serene. While investing in necessary appliances and furniture should be your priority, that doesn’t mean you should neglect your outdoor space. Whether it's your front yard or backyard, you need to invest in making your outdoor space stand out.

If you’re confused about how to design your outdoor space, it won't take long for your renovation project to turn into a nightmare. You’ll drown in stress, be worried about increasing expenditures, and end up with an incomplete outdoor space in the worst-case scenario. Luckily for you, we’ve prepared a complete guide that will help you build the perfect outdoor space for your modern home.

1.    Make Your Outdoor Space Greener

Plants and flowers are a simple and affordable solution to enhance the look of your backyard. You can get potted plants that instantly beautify your outdoor space or sow some seeds in the garden to grow plants and flowers yourself. You can involve your loved ones and turn planting into a family bonding session.

Adding plants to your house will not only help beautify it but will also help you play your part in curbing environmental degradation, making it a win-win situation for all. Your plants can improve the air quality of your neighborhood and can motivate others to follow the same route.

While there are numerous ways to add greenery to your house, this blog will highlight the three most common ones:

Garden

A lawn at the front of your house leaves a lasting impression on your guests or a potential buyer.There’s no need to visit the public park anymore when you have your own mini-park at home. Your kids can enjoy playing around on the grass which will instantly boost their moods.

Plants And Flowers

If you have a small outdoor space, invest in small pots with flowers and plants. Adding them to the front yard instantly boost its curb appeal. If your backyard has furniture or a pool, you can put these plants beside them to improve the overall look. From sunflowers to tulips, you can experiment with different flowers and can change them every season.

Trees

Trees are known to improve air quality, and provide a serene environment, which can positively affect your mental health. Trees can also provide you with shade, so rather than spending a hefty amount on swimming pool covers, you can give it a natural shade by planting trees around it. You can also benefit from this shade by putting chairs and tables under the tree to create a cozy vibe.

2.    Install Water Features

Imagine coming from the office after a tiring day at work and taking a dip in the pool. Sounds refreshing, right? That’s what you can get by installing water features in your outdoor space. Some popular water features that you can add to your outdoor space include:

Hot Tubs

Give your house a modern vibe by installing a hot tub. From a romantic date with your better half to a fun-filled family afternoon, you can enjoy quality time and make memories with loved ones in this water feature.

Are you aware that a hot tub can not only relax your body but also help improve your heart’s condition? Hot tubs can not only make your outdoor space aesthetically pleasing but offer several health benefits too.

Swimming Pool

It's no secret that installing a swimming pool can be costly, but think of it as an investment. If you put money into constructing a pool, you can enjoy it today, and when it's time to sell your modern house, you can get the extra cash too.

Having a pool in your backyard could be the ultimate source of enjoyment for your family. Don’t forget to add lighting to your pool to spice up your outdoor space at night. Imagine the vibe you’ll create at a dinner party with a pool and stellar LED lighting.

While a swimming pool can be the perfect space to relax, it can also be a great source for you to stay healthy too. Swimming is a great way to workout and can also build cardiovascular strength.

Water Fountain

Want to get a water feature for your house without exceeding the budget? A water fountain can be an excellent alternative for you. While you can't swim in a water fountain, it can be an excellent feature to add to your outdoor space. You can install a fountain both in the front yard or backyard to catch the attention of people passing by your house.

If you’re buying a contemporary home in Dallas, ensure that the house you choose has one of these water features already installed or the space to add one.

3.    Don’t Forget The Outdoor Accessories

If you want to enhance the beauty of your outdoor space, accessories are necessary. Even the smallest changes can create a big difference and might just be the reason why a potential buyer may pay you the extra cash.

Don’t be afraid to go unconventional and let your creative mind design the outdoor space. Bring in some speakers and attach a projector to create a private cinema in your backyard. Whether you want to watch Finding Nemo with your kids or Titanic with your better half, the choice is totally yours.

If you want to create a romantic environment, decorate your outdoor space with candles. The times are gone when you’d have to pay a hefty amount at overpriced restaurants for open sky candlelight dinners; you can do it all in your backyard now.

Sometimes simple furniture might just not cut it. Throw in rugs, candles, pillows, cushions, and curtains to up your outdoor space game.If you want your boring furniture to stand out, these accessories can help you spruce it up.

These extra accessories won't cost you a fortune, but they might just be the difference in striking an excellent real-estate deal. Sometimes the tiniest of accessories may catch the eye of your buyer and motivate them to buy the house. So, what’re you waiting for? Start redesigning your outdoor space with premium quality accessories today.

4.    Add Exquisite Furniture

Have you ever heard the phrase ‘Less is More?’ When you want to improve your outdoor space, sometimes adding the right piece of furniture can be enough. You can add a cute small table and chairs if you want to enjoy dinner under an open sky. You can buy a sofa and put it in your backyard if you want to relax, read a book, or even enjoy the sunset.

How often do we see our outdoor spaces being unused during the winters? You can install a firepit, add some chairs and sofas around it, and voila, you’ve created the perfect winter vibe for your loved ones. Grab some marshmallows, light up the fire pit, and make the most out of the cold winter night.

If you want to go the extra mile with your outdoor space, build an outdoor kitchen with a stove or a grill. If you feel like spending more, you can always add a refrigerator or a microwave to your outdoor kitchen. Imagine a warm spring weekend where you’re playing with your family in your backyard, cooking scrumptious steaks on the grill, and having the time of your life. This is surely what a dream weekend sounds like.

Selecting the right furniture with the correct materials is crucial for you to create the perfect outdoor space.You can often make mistakes in choosing the wrong materials for your furniture and end up wasting your money. This is why we’ve prepared a list of some of the popular materials you can choose from.

1.      Aluminum: If you’re looking for durability, aluminum is the perfect material to go for. It doesn’t corrode, and you only need a cloth to clean it again. Aluminum doesn’t require frequent maintenance, so if you’re someone who would use the outdoor space occasionally, go for aluminum.

2.      Steel: Want to give a royal look to your outdoor space? Get steel furniture now. Steel items can be slightly expensive, but the furniture is very light, meaning you can rearrange it easily to give a different look to your house everytime you invite guests over.

3.      Plastic:Who doesn’t love a colorful outdoor space, right? Plastic chairs and tables are available in different colors at affordable prices. If you don’t have a high budget for your outdoor space and want it to be colorful, plastic furniture isn't a bad option after all.

4.      Wood: It's no secret that wood furniture can give your outdoor space a unique look. Although wooden furniture is expensive, it makes up for high cost by being durable and eye-pleasing.

Your choice comes down to your preferences and the budget. If you’re selling the house and putting online advertisements, your premium furniture can make your outdoor space stand out.

Contact Dallas Contemporary Homes Today

Did you know your home’s value can drastically increase if you have an aesthetically pleasing outdoor space? Visit Dallas Contemporary Homes today to get started. Our online platform posts house listings from different areas in Dallas, including Bishop Arts, Downtown Dallas, Knox Henderson, and Lakewood.

If you want to buy a house with the perfect backyard, you can view new listings on Dallas Contemporary Home’s online platform. We’ve made real estate way easier for buyers as our website provides all the details, pictures, and even a virtual tour of all contemporary homes for sale in Dallas.

If you’re a seller and you want to know whether your outdoor space renovation boosted your home’s value, our consultants can accurately calculate your home’s worth by analyzing the real estate market.

If you’re confused about the legal complexities and the paperwork of a real estate deal, we can help you with that. Our nine-step ‘Seller’s Advantage Plan’ can help you market your modern home and sell it for an excellent price.

Get in touch with us today for more details.

Posted in Contemporary Pro
Oct. 19, 2021

Dallas Fall 2021 Real Estate Market Outlook

 

Didn’t buy a home in Dallas this summer? Fall is still a great time to buy! While it’s a seller’s market and will be for the foreseeable future, there are a few opportunities you should know about if you’re planning to purchase a contemporary modern home in Dallas before the end of the year. 

 

Less Competition During the Fall

Once the kids go back to school, the competition for homes almost always drops. People get busy with school stuff and holiday planning, which means they often put their plans to buy a home on hold until spring. 

 

If you are a prospective home buyer, this is your window of opportunity! Less competition for homes naturally increases your chance of having your offer accepted. When you work with a professional real estate company like Dallas Contemporary Homes that knows how to write and present a strong offer, you’ll be that much closer to achieving your dream of homeownership. 



Start Your Search During the Coldest Months

While winters in Dallas are not so cold compared to other cities across the country, we do get cold days, rain, and even snow. During this time, most people want nothing more than to stay inside their warm houses, maybe sit in front of the fire, and watch TV or read a book. However, if you are serious about buying a home at a great price, here is another opportunity for you.

 

With less competition from other buyers, the seller is more likely to want to make a deal with you. This is especially true if they really need to sell because their job is relocating them out of state or they’re already in escrow on another home. Urgency plus less competition means more negotiating power for you.



Sell For Top Dollar

 We already mentioned that it’s still a seller’s market in Dallas. That means that sellers generally hold the power. While you might be tempted to wait and sell your home during the spring or summer months, the truth is, if now is the right time to sell and buy a new home, you shouldn’t wait. Even with fewer buyers looking, you’re still going to get top dollar for your home. Prices are up across the DFW area and the buyers who are still out searching tend to be serious and committed - exactly the kind of buyer you want to go into escrow with. 



At Dallas Contemporary Homes, we work with both buyers and sellers. We focus on getting great deals for our clients, no matter what side of the table they’re on, while making the process fast, simple, and easy. 


Want to hear from our clients about what it’s like to work with DCH? Click here to read our latest reviews!

Posted in Dallas Home Buying
Oct. 6, 2021

September 2021 Dallas Real Estate Market Stats

 

September 2021 Dallas Real Estate Market Stats

The Dallas contemporary/modern home market has been on fire! Homes are selling OVER asking price with multiple offers! Experts are predicting that the median home prices are predicted to grow 16% this year in Dallas. Historically low interest rates over the last year has influenced many to buy a new home creating a competitive market!

If you're considering purchasing and/or selling a contemporary style home in Dallas this Fall, then WE NEED TO TALK! Having a pre-approval before you begin house hunting ensures you're prepared to make an offer when you find the right home! Let's connect and put a plan together that will ensure that you are successful in buying or selling a home this year! 

Click here to view ACTIVE LISTING data!

TX is a non-disclosure state, so please contact me directly, if you'd like the actual sold data for September.

P.S. If you'd like additional information on anything you've seen or heard in the report or video, then let me know, and I'll help you interpret the data!

 

Click here to learn more on our YouTube channel!