Here’s Everything You Should Know About Old Houses (and Why You Should Buy One)

Market Source 928 N Terrace Hills

Buying old houses for restoration may seem like a beautiful idea. You’ll get to make the best of the property’s original features and bring a new lease on life to an old building. But there are some things that you’ll need to consider before taking the plunge. 

Older properties tend to be filled with character and charm. But what are the benefits of an old house? And what do you need to know about buying an antique home?

In this article, we’ll discuss why you should remodel an old home. 

Old Homes Are Cheaper Than New Homes

What differentiates an older property from a newer home? Largely, the materials that it’s built out of and the type of construction that’s gone into the home. 

Typically, a house can be considered old if it was built more than fifty years ago. 

Because an older home may be in need of some modernization, they are often cheaper to buy than new homes. This makes them ideal for first-time buyers, real estate investors looking for rental properties, and those looking to flip a property. 

Old Houses Are Often in Established Locations

When it comes to buying a property, location is often a key factor. That means how far it is from amenities such as schools and convenience stores. Because of the way that towns and cities are planned, older properties tend to be in very established locations. 

In the Salt Lake area, vintage homes tend to be in areas such as 9th and 9th, close to the University of Utah, the Avenues, and Sugar House. All of these are very desirable areas to live in and have very established communities. 

Old Homes Have More Character

Older properties tend to have a lot more charm and character than new builds. Often, old houses have period features that are quite unique and add real value to the surroundings. 

If character is what you’re looking for from your home, then you’ll not go wrong with a vintage property. 

Why You Should Work With Vintage Home Experts

When it comes to buying old homes, you’ll want to work with experts. Monique Higginson is an expert in restoring and selling vintage homes. She personally lives in an antique home and has had to carry out major repairs to 25 vintage homes in Salt Lake Valley in the past. 

A vintage home expert such as Monique will be able to advise you based on their in-depth knowledge of the various construction phases and problems that you might be met with when it comes to restoring an antique property. 

Restoring Old Houses 

Restoring old houses can be hard work, but it’s certainly rewarding. The benefits of owning a vintage property make the hard work you’ll need to put into restoring them all worthwhile. 

If you’re looking to buy an old house in the Salt Lake area, get in touch with Market Source Real Estate today or browse the range of properties for sale

Benefits of Working with a Certified Negotiation Expert

Certified Negotiation Expert

​Buying a home is an intimidating process. You’re looking for a great neighborhood to settle down in and a house that fits within your budget. 

After you find a house that fits your criteria, it’s time to talk about finances. The housing market is constantly fluctuating, so you’ll want to make a reasonable offer before prices go back up again.

Your offer isn’t accepted, and now you’re in a back and forth with the listing agent. Home negotiations can be challenging, so that’s why many people hire a certified negotiation expert to get the job done. Let’s look at why you should use negotiation experts when buying your new home.

What Is a Certified Negotiation Expert?

A certified negotiation expert, or CNE, is a real estate agent who has taken extra steps to increase their negotiation skills. The courses help them to stand out in a room of their competitors.

Most real estate agents don’t have a CNE certification. Less than 5% of agents in the US do. The training is rigorous, but it shows how dedicated they are to their job and how they can help you acquire your new home.

How Agents Become CNE

Most real estate agents take a two-day intensive CNE training course. Classes they take can cover a variety of topics such as:

  • Different negotiation styles
  • The psychology of buying
  • Persuasion principles
  • Planning methods

After they finish the course, they become a recognized CNE. Some real estate negotiators try to become master certified negotiation experts. It further enhances their real estate industry knowledge and credentials.

Benefits of Hiring a CNE

Hiring a CNE can help ease the tremendous burden that comes along with looking for a new home. Our CNE agents have the additional training needed to help you get the best deal for your home, such as:

  • Expert negotiation skills
  • Knowledge of the market and tactics used by sellers
  • Understanding the psychology of body language giving us the edge during negotiations

Knowing that your real estate agent has these skills helps remove any worries that you may have. Placing your trust in a CNE can save you a lot of money in the long run.

Our CNE Designated Agents

At Market Source Real Estate, we have two of the top CNE agents in Salt Lake City. Monique Higginson, our owner, has over 18 years of experience in the real estate industry. She understands the Salt Lake City market and has helped hundreds of clients land their dream homes with her CNE designation.

Our other CNE, Jennifer Holmstead, has over ten years of real estate experience. She understands that your home can become your most significant financial asset over time and can provide autonomy in the future. Jennifer also managed a local business for over 15 years, which magnifies her experience in negotiating.

Hire a Certified Negotiation Expert for Your Dream Home

Working with Market Source Real Estate means working with a certified negotiation expert. With our negotiating skills, you can relax knowing that we’ll get the best deal for your dream home. 

If you’re ready to start looking for a home, contact our real estate agents to help you get started.

How to Find the Right Neighborhood for Your Family

family neighborhood

Before kids, your choice of neighborhood probably came down to: can I afford it? Is it close to work? 

Now that you have a family, schools, safety, and access to amenities are just the start. How do you know which is the best family neighborhood in your city?

We’ve got you covered. Below are six great things to consider when looking for a neighborhood for you and your family.

Consider Your Lifestyle Needs

Some families are outdoorsy and active, always on the go. For that reason, the heart of the city may not be the best neighborhood for your family. Other families prefer the variety of music lessons and sports teams offered downtown.

Knowing what your lifestyle requires or what you want to offer for your kids as they grow up is key. Maybe your child has certain medical needs that require you to be close to a hospital. Please make a list of your family needs and keep it handy as you research where to move. 

Take Advantage of the Internet

Trust us; the internet is going to be your best friend during this process. There are a few ways you can use it to your advantage.

First, research schools that fall within the districts of your top choice neighborhoods. Look at their school assessments. You want to move to a place with schools at the same level or better than the ones your kids are attending now.

You can even tour each new house you find by looking into virtual tours. See what’s available in different parts of town.  

Visit Your New Neighborhood or Town

Once you’ve narrowed down your choices, take a drive to those neighborhoods. Bring the whole family and spend a day walking around.

Visit the shops or local attractions to get a feel for what it’s like. Take a look at how clean the roads are and whether there are signs of vandalism.

Neighborhood visits can be extra useful in helping teenagers adjust to a new place. They can picture what their lives might be like, get a sense of how they’ll make new friends and what activities they’ll join.

Drive Through During Different Times of the Day

To get a true feel for the neighborhood when you visit, drive through it at different parts of the day. Morning traffic may be more than you’re willing to take on. All the theater, music, and sports activities may not start until 7 pm.

Contact the Local Police Department

Did you know you can research a neighborhood’s safety rating online? If you’d rather talk to someone in the know, you can also contact local police departments. 

Local police can direct you to resources on crime statistics. Ask them for suggestions on neighborhoods with the highest safety ratings.

Evaluate Other Cost of Living Factors

Here’s where pesky things like income rates, gas prices, and commute times come into play. If you find a great new home that’s 45 minutes away, are you willing to spend more time and money commuting every day?

Is the minimum wage going to help your teens save for college or pay for gas? Are jobs growing and houses going up in value? Then you’re likely making a great investment. 

Finding the Best Family Neighborhood

Don’t rush into your next move. The right home in the right location will be a place to make memories for years to come. Use these tips to feel confident that you’ve found the perfect family neighborhood. 

So you’ve landed in the right neighborhood? Now you need to find the perfect house. To get started, contact one of our real estate agents.

Meet Jennifer Holmstead: Realtor and Property Management Expert

Jennifer Holmstead

Are you looking for an agent with a background in business and a love for real estate? Market Source agent Jennifer Holmstead has both. She is a longtime resident of Salt Lake City, a graduate of Westminster College, and an employee at Market Source Real Estate. Jennifer has financial training and insider knowledge about the Salt Lake City real estate market.

Background

Jennifer Holmstead bought her first home in late 2006 – right before the crash of real estate prices everywhere. For a few years, she thought there was no chance she could regain the equity she’d lost. So, she threw her efforts into other endeavors and began managing a local business and returning to school.

While studying for an MBA at Westminster College, Jennifer had to analyze her assets. The housing market had rebounded by then, and she realized that her home had become her strongest financial asset.

Becoming a Real Estate Agent

After managing a local business for 15 years, Jennifer was ready for a change. A few years ago, she decided to join her good friend Monique Higginson at Market Source Real Estate.

Monique Higginson founded market Source Real Estate in 2007. Now, it’s a growing office; Jennifer joined a team of more than a dozen agents, staging experts, and marketing experts. One reviewer says that everyone working at Market Source Real Estate is highly professional and focused.

Jennifer found that Monique, one of the top real estate agents in Salt Lake City, was an excellent mentor. Monique, the principal broker at Market Source Real Estate, works hard to bring new hires like Jennifer up to speed. As part of her training, Jennifer worked on over a hundred deals with Monique and felt like she hit the “new agent jackpot.”

Now a fully trained and experienced real estate agent herself,  Jennifer takes on her own clients. Jennifer works to help others achieve the dream of homeownership and attain what her home’s equity has given her: autonomy, freedom, and choice.

Supporting Local Areas

Jennifer loves supporting local communities. As a Westminster College student, she specializes in the Sugar House neighborhood, where the college is located. The Market Source, Real Estate office, is also located in Sugar House, giving Jennifer even more knowledge of the area.

Jennifer enjoys all the benefits Utah has to offer. She loves exploring the diversity of Utah’s attractions: road-tripping through small towns, hiking the Millcreek canyon and camping in the mountains. Sometimes she visits southern Utah to go hiking through its red rock canyons.

At home, she shops at farmers’ markets to support local farmers and relaxes in front of the fire pit in her backyard.

Contact Jennifer Holmstead

If you’re searching for “real estate agents near me,” and you want an agent who is passionate about her city and her real estate customers, contact Jennifer Holmstead. She’ll help you find the house that fits your own personal and financial needs so that you can build your own equity and enjoy financial freedom in your dream home.

The Spring Home Maintenance Checklist You Need Today

Don’t just spring clean… Get going on your spring home maintenance today!

Spring is in the air and that means that you’re probably thinking about spring cleaning.  Hold on though! You also need to be thinking about some key spring home maintenance items as well! Doing these 8 things at least once a year will save you time, money, and a big headache down the road.  The goal is to prevent things from going wrong or catching little problems early BEFORE they become major problems.

We created a handy check list of 8 spring maintenance items you should be checking every year.  As a matter of fact, you can probably get these done in one weekend and then you don’t have to worry!

 

1.  Check your gutters and down spouts

Gutters and down spouts get all clogged up over the winter with leaves and debris.  Get up on a ladder every spring and clear that gunk out.  It will save you leaks, breaks, pools of stagnant water and a big repair bill.

2.  Inspect your roof

Most roofs will last around 12-25+ years (depending on the material) IF, and only if they are inspected regularly and repaired.  While you’re up on the ladder cleaning your gutters and drain spouts, take a moment and climb up on your roof.  Look for loose roofing, pooled water, or curling shingles.

It can be very affordable to repair your roof regularly.  If your roof ends up leaking during those springtime showers, it can cost you thousands in damages PLUS the money to repair or get a new roof.

It’s a good idea to check your roof both in the spring and the fall. Just to be safe.

3.  Check seals on windows and doors

Check and repair any seals on window sills, door sills, and thresholds.  Look for damaged or peeling caulk, splinters, loose panes and gaps.  While you are at it, check and repair any screens – you’ll be glad to be able to open those windows and air out your home without bugs getting in!  Here is a handy guide for how to caulk your windows.

 

4. Give some love to your deck

Already planning the first BBQ of the season?  Better get that deck ready.  Just like your roof, you want to inspect it every spring.  Look for cracks, greying wood, loose joints and water seeping in.  Every 3-5 years you’ll want to stain and seal your deck to keep it from weathering.  A final step?  Give it a good pressure wash to get it ready for that backyard party!

5.  Filter out those dirty filters

Guys. HVAC filters get D.I.R.T.Y.  They collect dust, pollen, pet hair and dirt.  And then recirculate all those things back through your house if you don’t clean or replace them regularly.  This is something you’ll want to check several times a year.

 

6.  Don’t forget about your dryer and refrigerator

When doing spring home maintenance, don’t forget to check your dryer vent.  It gets clogged up and makes your dryer work that much harder.  Which makes your electricity bill go up.

And while you’re at it, check your refrigerator coils.  Chances are they need a good vacuum.  Not only are they really gross when they are covered in dust, they also make your fridge less efficient.

 

7.  Drain that water heater

Your water heater should be 100% drained a couple of times a year.  The reason?  All kinds of minerals and sediment build up in the bottom.  Which equals corrosion and water that doesn’t heat as fast as you’d like.

 

8.  Test your smoke detectors

This spring home maintenance item can literally save your life.  Test your smoke and carbon monoxide detectors and put fresh batteries in.  While you’re at it why not make sure that your family knows what to do when an alarm goes off.  A household fire drill goes a long way.

Need a hand?

Check out our list of trusted vendors, contractors, supplier and all around handy types who can help you if you run into problems (or they can just take care of this stuff for you).  They’ll give you a hand with the whole spring home maintenance thing!