Broom Clean and Free of Debris

What exactly does “Broom Clean and Free of Debris” mean when selling a home? For starters, this does not mean the home has been professionally cleaned by any means. Also, when sellers take down art and or photos off the walls, there are often nail holes left behind and the seller is not obligated to spackle them.

 

In addition, once furniture is removed, there can be spots on the carpet and other surprises that the buyer should anticipate potentially dealing with as there is no way to see everything when a home is occupied and there is furniture in the way.

 

Often times when a seller moves out and the home is vacant, many things that were not visible in photographs when furntiure ext. where still in the house, are now visible when empty. This can include stain on carpets, holes in walls and perhaps even issues with other types of flooring, like laminate floors with stains or damage.

 

Be prepared to either hire a professional service to clean the house to your satisfication or factor in the time to do it yourself. Expecting that it will already been done, is an unrealistic expectation and one that cathces a lot of buyers off guard.

 

“People’s perception of broom clean is very different, so buyers should plan on hiring a housecleaner so the home is clean to their liking,” Monique Higginson said. “Often sellers will leave paint or other items at the home, but those should be removed by the seller unless the buyer gives them permission to leave the items.”

 

Hidden Costs for New Homeowners

When the time comes for you to buy a home, new homeowners need to understand that there are ‘hidden’ costs and fees when you are ready to sign on that dotted line. We are calling them ‘hidden’ because they are not included in the actual price of the home, these costs are obtained through the buying process and at the time of closing.

Here is a breakdown of those ‘hidden’ costs.

 

Home Inspection

Although this is an optional expense, it does protect you from purchasing a home that may have a lot of issues that may not be obvious. These can include things like mold, problems with the heating or cooling system or water leaks. A rough estimate for a home inspection is $300-$500. Keep in mind, if you end up not buying the house after the inspection, you are still obligated to pay the fee.

Appraisal

This is a necessary fee that asses the home and property so your lender knows that you are paying what the property is worth. There are times when a seller may have to adjust their asking price due to an appraisal coming in under the amount of asking. Appraisal fees can run $200-$500.

Loan Application Fees

These fees start the entire loan process. A lender will need to run your credit report to ensure you can qualify for a home loan. That fee is included in the application fees. These typically run $75-$300.

Title Services

Title services include running a title search on a property, paying the notary to notarize all the documents that you sign, and the required government filing fees. It is important to get a detailed invoice for these fees so you are fully aware of what you are paying for. These fees run $150-$400.

Origination Fees

These fees go to the lender for creation of the loan. These are paid upfront and include processing the loan application. the underwriting process and the actual funding of the loan. These fees are usually based on a percentage of the loan amount and range from 0.5%-1.5%.

Private Mortgage Insurance (PMI)

If you put less than 20% down on your new home, the lender will require you to purchase PMI. This protects the lender from losing money in the event of a foreclosure. This fee can be re-assessed at such time as you have equity in your home. This fee is based on a percentage of the original loan amount as well.

 

Disclaimer- All dollar amounts and percentages are estimates. 

 

Xeriscaping in Utah

Should you be Xeriscaping in Utah?  Here are a few things to consider!

Let’s face it, Salt Lake City is a desert.  A high desert, but still with our annual precipitation rates, we 100% qualify as a desert. Living in the desert, such as we do in Utah, can make keeping a green grass and fully landscaped yard a spendy endeavor.  Not only that, but it is not terribly environmentally friendly.

According to the WSS Water Usage table: “Running a typical sprinkler from a standard garden hose (5/8”) for one hour uses about 1,020 gallons of water; if you run it three times per week, that is about 12,240 gallons per month.”  When it is 90+ degrees out there and you have to water every day to keep your lawn alive, well… it adds up.

That is why we are seeing more and more homeowners lean towards xeriscaping in Utah.  Just what IS xeriscaping?  Xeriscaping is a way of landscaping that uses drought-resistant plants, natural elements, and water-wise features to reduces the need to water your space.

Here are some of the benefits of xeriscaping in Utah:

 

  1. You will DRASTICALLY reduce the amount of water you use in your yard.  This is better for the environment and much more affordable for you.
  2. Water-wise plants can be quite beautiful
  3. No weekly mowing, trimming and weeding your lawn (though be careful in thinking that xeriscaping means “maintenance free,” it does take time and care and you’ll probably still have to weed).
  4. Xeriscaping with native plants reduces the need for fertilizers and pesticides.
  5. Your yard isn’t going to die if you go out of town for a week and forget to have someone water

 

Here are our top tips for xeriscaping in Utah:

 

  1. Using native plants for the area will give you a could chance of success, these plants have already adapted to the elements and climate.
  2. Also, due to their deep root system, using native plants when xeriscaping in Utah, means they can survive with the little water they capture from rainwater runoff. These plants are also resistant to freezing, common diseases, pests, and herbivores.
  3. Having some form of irrigation may be necessary depending on your layout and plant selection.  This can be natural irrigation channels that are built into your xeriscaping layout.
  4. Rain barrels may be a great option to collect rain run-off and distribute in your yard or to your house plants. (Check your city ordinances, since rain barrel collection isn’t allowed everywhere)
  5. Don’t think you have to plant everywhere – you can use natural elements like stone, sand, gravel, and wood to create a beautiful landscape.
  6. Weeds can be aggressive when you take out a lawn – so be sure to be aggressive and ruthless back.

 

Our BEST resources for xeriscaping in Utah:

 

  • Contact Salt Lake City Public Utilities, rain barrels are for sale for $68. The barrels have a mosquito screen, threaded spigot, two ¾-inch overflow valves, and 60-gallon capacity.  A GREAT deal.
  • Find a list of native plants for Utah here.
  • Find information on how to design a Wildlife Garden here.

Choosing Investment Properties in Utah

Don’t let the fear of being a landlord keep you from looking into purchasing investment properties. In fact, investment properties can generate great passive income and there are several options to managing the property that can make you a passive participant.

 

If you do not think you can manage your investment by yourself, be sure to calculate property management fees into your strategy. Be sure you learn about fair housing laws and other laws that pertain to the property you are considering purchasing.

Consider taking a landlord or Property Management class to learn how to select tenants, screen them to be sure they qualify, etc.

 

Be aware that many condo complexes have rental restrictions. You will make sure you have covered all these before proceeding.

 

If you choose a home that needs a lot of repairs you will get more phone calls from the tenants, and you may have more liability if protections like smoke detectors, safe electrical systems, etc are not in the home.

 

Choose your strategy. Generally, you get good cash flow or better appreciation. Homes in suburbs of SLC tend to cash flow better because of lower price points but do not go up in value as much as areas like downtown, sugar house, near universities, etc.

If you limit or deny pets, you will limit your pool of potential renters. If you allow pets, be sure to get pet deposits and pet rent.

YourHOME Close to EVERYTHING

241 Downington Ave.

We love Sugar House and everything near by. Living in this Downington home you will be close to EVERYTHING!

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$250,000

Features

Beds: 2
Baths: 1
Square Feet: 1,631
Year Built: 1921
Area of Town: Liberty Wells
Lot Size: .11
Property Tax: $1,474
School District: Salt Lake
MLS #: 1486613
Basement – Unfinished
Bathroom on Main Floor
Broadband Available, Fiber Soon
Fireplace
Gas – Radiant Heat
Great Location

The Bungalow

Just block away from Sugar House, S-Line, Freeways, you might not even need a car!

Schedule a Showing

This brick bungalow is a just stroll to SLCC and a short bike ride to S-Line, Liberty Wells Park, Smith’s Ballpark and has a corner park just at 300 East. Easy access to highways, Sugar House, downtown, and the new Winco. Square footage figures are provided as a courtesy estimate only and were obtained from County Records. Buyer is advised to obtain an independent measurement. Owner/Agent

241 Downington Ave.

Sienna Curry

Sienna Curry

Real Estate Consultant

Sienna Curry came to the Market Source team originally as a client. She loved the process so much she decided to quite her job and join the team. As a gal from the south, politeness is an understatement. Sienna’s clients might hear a slip of a Y’all and of course Ma-am and Sir are part of her daily speech. She may be from the South, but  living in Utah for the past 5 years she knows the best of what Salt Lake has to offer. An avid skier, outdoor enthusiast, and dog lover, she fits right in.

Contact:

Phone: 916.661.4921

Email: sienna@marketsourceagent.com