Tips for Creating a Home Office

A large percentage of the workforce now is working from home. A devoted area that is free from personal distractions such as family and pets is necessary to concentrate on work tasks. If you want to create space in your home for an office but can’t afford an elaborate renovation, think about converting a spare room or corner of the house with these practical modifications.

Choose a Room

Choose a room—Decide which room or corner of one will make the best office space. Choose one with a window if you enjoy looking out but check that it is free from outdoor noise.

Clean and Declutter

Clean out and declutter—Keep only the items you will use in your office. Paint the room a color that suits your mood. Decide on a hard floor or carpet.
Place Furniture convenient to outlets—Consider placing important equipment such as lamps, TVs, computers, and printers near electrical sources for easy plug-in. Make sure you have access to cable and internet connections. Invest in fast, reliable service. Buy a WiFi extender if you need to increase the network signal.

Choose Furniture

Choose your furniture and accessories—Decide what you need to make your office function, such as a phone, computer, printer, filing cabinet, etc. Measure the size of a desk, bookshelves, and other items to ascertain the proper fit. Buy only the size you need for the equipment you have. Start with a big piece so you have room to maneuver it and put it together if needed. Buy an ergonomic chair to support your back during long hours of sitting.

Make It Yours

Hang wall décor—Hanging whiteboards, bulletin boards, family pictures, certificates, awards, and motivational quotes will help organize your office and make you feel good. Hang and display artwork that reflects your style, personality, and interests.

Promote a Healthy Environment

Promote health and energy efficiency—Add plants for a healthy work environment and purchase an electronic thermostat to control temperature output.
Try it on for size—Make sure you are comfortable with your arrangement and that all electronics function properly. Sit at your desk for a while and make any necessary changes before you start work.

If your home is your castle, your home office is a big part of that. Design it with attention to the comfort and functionality needed to get down to business. With these suggestions for change, you can convert a residential room or area into a productive office domain.

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45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

Is Solar a Real Estate Upsale? with Mike Finney

In this episode, I’m back with Mike Finney of Neighborhood Solar to mesh out the pros & cons of residential solar energy. Is solar an advantage? Or is it a hindrance to the sale of your home? This conversation will open your eyes and give you a better idea of whether or not solar is for you. Mike started in the business after looking for his own solar options and since has become a trusted advisor to Realtors, offering brokerage services instead of representing one particular company. It’s important to get the right fit for your needs and your home.

Take a listen to the episode to learn more about solar energy, and reach out to Mike via the channels listed below. Also available on your favorite podcast players!
_______________________________________
Mike Finney: Neighborhood-Solar
Facebook: Neighborhood-Solar
Email: info@neighborhood-solar.com
Phone: (940) 331-8092
_______________________________________

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

What Makes a House a Home?

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too.

Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read a book in a favorite chair, the emotional connections to our homes can be just as important as the financial ones. Here are some of the things that make a house a home.

1. You Can Be Proud of Your Accomplishment

Buying a home is a major life milestone. Whether you’re setting out to buy your first home or your fifth, congratulations will be in order when you’ve achieved your goal. The sense of accomplishment you’ll feel at the end of your journey will truly make your home feel like a special place.

2. You Have Your Own Designated Happy Place

Owning your own home offers not only safety and security, but also a comfortable place where you can relax and unwind after a long day. Sometimes that’s just what you need to feel recharged and content.

3. You Can Find the Space To Meet Your Needs

Whether you want more room for your changing lifestyle (like retirement, dedicated space for a hobby, or a personal gym) or you simply prefer to have a large backyard for entertaining, you can invest in a home that truly works for your evolving needs.

4. You Can Customize Your Surroundings

Looking to try one of those decorative wall treatments you saw online? Tired of paying an additional pet deposit for your apartment building? Or maybe you want to create an in-home yoga studio. You can do all these things in your own home.

Bottom Line

Whether you’re planning to purchase your first home or you’re ready to buy a different home to meet your needs, consider the emotional benefits that can turn a house into a happy home. When you’re ready to make a move, let’s connect.

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

Homeowners Still Have Positive Equity Gains over the Past 12 Months

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates.

Equity is the current value of your home minus what you owe on the loan.

Because there was a significant imbalance between the number of homes available for sale and the number of buyers looking to make a purchase over the past few years, home prices appreciated substantially.

And while home price appreciation has moderated over the last 12 months, and even depreciated slightly in some overheated markets, that doesn’t mean you’ve lost all the equity you gained during the pandemic frenzy.

To prove you still have equity you can use, the Homeowner Equity Insights from CoreLogic finds the average homeowner equity has actually grown by $34,300 over the past 12 months.

That’s right, despite the headlines, the average homeowner still gained positive equity over the last year in just about every market. While the gains aren’t as dramatic as they were in the previous quarter due to home price moderation, they’re still significant. And if you’ve been in your home for longer than a year, chances are you have even more equity than you realize.

While that’s the national number, if you want to know what happened over the past year in your area, look at the map below from CoreLogic:

Homeowners Still Have Positive Equity Gains over the Past 12 Months | MyKCM

Why This Is So Important Right Now

While equity helps increase your overall net worth, it can also help you achieve other goals, like buying your next home. When you sell your current house, the equity you’ve built up comes back to you in the sale, and it may be just what you need to cover a large portion – if not all – of the down payment on your next home.

So, if you’ve been holding off on selling because you weren’t sure what the headlines meant for your bottom line, rest assured you’ve still gained equity in recent years, and it can help fuel your move.

Bottom Line

If you’re planning to make a move, the equity you’ve gained over time can make a big impact. To find out just how much equity you have in your current home and how you can use it to fuel your next purchase, let’s connect.

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

Financial Fundamentals for First-Time Homebuyers

Are you prepping to buy your first home? If so, one of the steps you should take early on is making sure you’re financially ready for your purchase. Here are just a few of the financial fundamentals you’ll need to focus on as you set out to buy a home.

Build Your Credit

Your credit is one element that helps determine which home loan you’ll qualify for. It also impacts your mortgage interest rate. While there are many factors that go into your mortgage application, a higher credit score could lead to a lower monthly payment in the long run.

So how do you make sure your credit is in the best shape possible when it’s time to buy? A recent article from NerdWallet lists a few tips you can use as you work to build and strengthen your credit. They include:

  • Tracking your credit and disputing any errors that show up on your reports.
  • Paying your bills on time. This includes making loan payments and paying down any open lines of credit.
  • Keeping your credit card balances low. Paying more than your minimum monthly balance when you’re able can help.

Automate Your Savings for Your House Fund

You might also be wondering how you can achieve your down payment savings goals. Bankrate provides buyers with a number of tips to help you save, including searching for down payment assistance programs and ways you can save more, faster. As the article says:

“One of the best ways to save for anything — including a down payment — is to set it and forget it. If you receive a regular paycheck, ask your employer to direct a portion of that payment into a savings account. If you’re a freelance worker or independent contractor, set up a recurring transfer from a checking account to a savings account to establish the routine.”

Get Pre-Approved

As you prepare for your purchase, you’ll also need to have a good grasp on your budget and how much you’ll be able to borrow for your home loan. That’s where the pre-approval process comes in.

Pre-approval from a lender lets you know how much money you can borrow for your home loan. And having that knowledge, plus an understanding of your savings, can help you decide on your target price range for a house.

From there, you can start browsing for houses online and see what’s available in your area in that general price point. This can help you really understand your options so you can start to picture your future home.

For Customized Advice, Build a Team of Professionals

Finally, the best way to make you’re prepared for your purchase is to connect with trusted real estate professionals. Having expert advisors in the industry will help you make strong decisions throughout the homebuying process based on your specific goals, finances, and situation. They know the market and can guide you toward the home of your dreams.

Bottom Line

If you’re ready to get the homebuying process started, let’s connect so you can begin to build your team of professionals today.

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

12 Tips to Make Your Home More Energy Efficient

Now that the winter months are upon us, do you once again dread another season of sky-high heating and electric bills? Although you may blame this on inflation and other factors that are out of your control, as a homeowner, you have control over how efficiently your home uses energy. To use power more efficiently to save yourself a bundle on your bills, you must be aware of your level of energy consumption. You have to examine your habits and the function of your appliances to figure out where and why the loss is happening. Whether you do it yourself, seek professional help, or a little of both, the following tips can significantly reduce your energy costs while making your home more comfortable and environmentally friendly.

Hire a professional to audit your energy consumption. This will enable you to understand your appliance usage and determine where the loss occurs.

Conserve Lighting. Turn off lights in rooms that are not in use. Switch to energy-efficient light bulbs, and use a dimmer switch or motion sensors.

Reduce temperature setting. Lowering your thermostat even by one degree can make a difference. Experts recommend 68 degrees Fahrenheit. Control your heat use in each of your rooms with a programmable thermostat. If still drafty, hang drapes and blinds to retain heat. Use cold water for laundering whenever possible.

Disconnect appliances not in use. Power, although at a lower level, still surges; thus, energy is still in use. Use a power strip that is easier to turn off when not in use. Unplug items not constantly in use, such as toasters, blenders, and blow dryers.

Avoid overcharging your electronic devices. When your phone is 100% charged yet still connected to the charger, the electricity is still running.

Keep appliances clean for better usage. Getting rid of dirt, dust, and grime can help them operate more effectively. Periodically update your refrigerator, microwave, and other equipment as needed.

Weather-proof your windows and doors. Check weather strips and sealing to prevent heat escape. Install storm doors for your front and back. Glass prevents thermal loss.

Use good insulation. It is especially important to use quality materials for your roof and heating ducts. Also, proper insulation of an attached garage will help keep heat from escaping. Air seal any cracks, gaps, and leaks. Provide extra insulation in older homes.

Pay attention to above and below you. Ceiling fans can ensure better air circulation in summer and winter, so that heat and cool air are evenly distributed. Providing suitable floorings, such as vinyl or carpeting, can help reduce heat loss.

Use energy-saving and low-usage technology and equipment. Use energy-saving modes when running your washing machine, dishwasher, and dryer. Turn off the heated dry setting on your dishwasher. Install low-water usage taps and showerheads. The less water you consume, the less energy you heat it. It’s also good practice to only run full loads, so you are not wasteful.

Look for alternatives to heat water. Solar or geothermal water heaters are the most economical.

Service your heating system. All systems accrue wear and tear with daily usage. Periodic servicing can keep them running efficiently. Clean and replace all filters.

Cut your energy costs and live more comfortably by taking some time to incorporate these adjustments. By carefully maintaining your household appliances, cutting waste, and consistently practicing conservative habits, you will see your energy usage and dollars well spent. You may have to incur some expenses to get there, but you will make your home more energy efficient in the long run.

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

What Makes a House a Home?

There’s no denying the long-term financial benefits of owning a home, but today’s housing market may have you wondering if now’s still the time to buy. While the financial aspects of buying a home are important, the non-financial and emotional reasons are too.

Home means something different to all of us. Whether it’s sharing memories with loved ones at the kitchen table or settling in to read a book in a favorite chair, the emotional connections to our homes can be just as important as the financial ones. Here are some of the things that make a house a home.

1. You Can Be Proud of Your Accomplishment

Buying a home is a major life milestone. Whether you’re setting out to buy your first home or your fifth, congratulations will be in order when you’ve achieved your goal. The sense of accomplishment you’ll feel at the end of your journey will truly make your home feel like a special place.

2. You Have Your Own Designated Happy Place

Owning your own home offers not only safety and security, but also a comfortable place where you can relax and unwind after a long day. Sometimes that’s just what you need to feel recharged and content.

3. You Can Find the Space To Meet Your Needs

Whether you want more room for your changing lifestyle (like retirement, dedicated space for a hobby, or a personal gym) or you simply prefer to have a large backyard for entertaining, you can invest in a home that truly works for your evolving needs.

4. You Can Customize Your Surroundings

Looking to try one of those decorative wall treatments you saw online? Tired of paying an additional pet deposit for your apartment building? Or maybe you want to create an in-home yoga studio. You can do all these things in your own home.

Bottom Line

Whether you’re planning to purchase your first home or you’re ready to buy a different home to meet your needs, consider the emotional benefits that can turn a house into a happy home. When you’re ready to make a move, let’s connect.

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.

Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying:

“Mortgage rates dropped even further this week as two main factors affecting today’s mortgage market became more favorable. Inflation continued to ease while the Federal Reserve switched to a smaller interest rate hike. As a result, according to Freddie Mac, the 30-year fixed mortgage rate fell to 6.31% from 6.33% the previous week.”

So, what does that mean for your homeownership plans? As mortgage rates fluctuate, they impact your purchasing power by influencing the cost of buying a home. Even a small dip can help boost your purchasing power. Here’s how it works.

The median-priced home according to the National Association of Realtors (NAR) is $379,100. So, let’s assume you want to buy a $400,000 home. If you’re trying to shop at that price point and keep your monthly payment about $2,500-2,600 or below, here’s how your purchasing power can change as mortgage rates move up or down (see chart below). The red shows payments above that threshold and the green indicates a payment within your target range.

Mortgage Rates Are Dropping. What Does That Mean for You? | MyKCM

This goes to show, even a small quarter-point change in mortgage rates can impact your monthly mortgage payment. That’s why it’s important to work with a trusted real estate professional who follows what the experts are projecting for mortgage rates for the days, months, and year ahead.

Bottom Line

Mortgage rates are likely to fluctuate depending on what happens with inflation moving forward, but they have dropped slightly in recent weeks. If a 7% rate was too high for you, it may be time to contact a lender to see if the current rate is more in line with your goal for a monthly housing expense.

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities.

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market.

An article from Calculated Risk helps put the inventory gains the market has seen in 2022 into perspective by comparing it to recent years (see graph below). It shows supply has surpassed 2021 levels by 58%. But the further back you look, the more you’ll understand the bigger picture. And if you go all the way back to 2019, the last normal year in real estate, we’re roughly 35% below the housing supply we had at that time.

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities. | MyKCM

Opportunity #1: Take Advantage of More Options for Your Move

If your current house no longer meets your needs or lacks the space and features you want, this inventory growth gives you even more opportunity to sell and move into the home of your dreams. With more houses on the market, you’ll have more to choose from when you search for your next home.

Partnering with a local real estate professional can help you make sure you’re up to date on the homes available in your area. And when you do find the one, a professional can advise you on how to write a winning offer.

Opportunity #2: Sell While Inventory Is Still Low Overall

But again, despite the growth, inventory is still low compared to more normal years, and that isn’t going to change overnight. For you, that means your house should still be in demand among potential buyers if you price it right.

As an article from realtor.com says:

“Today’s shoppers generally have more homes to consider than last year’s shoppers did, but the market is still not back to pre-pandemic inventory levels.”

Bottom Line

If you’re a homeowner looking to sell, you have more homes to choose from and can still sell your house while inventory is low overall. Let’s connect to get started, so you can have the best of both worlds.

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com

Take the First Step with Latorie Lloyd

Season 2, Episode 6 – Crushing it with Your Tribe Podcast

In this episode, I speak with my ABWA sister Latorie Lloyd about how she took her dream and built it into child development learning centers. Latorie is from South Carolina and is the owner and CEO of Aspire Early Learning Academy, LLC. She also extends her passion for helping families as a Realtor with AgentOwnedRealty. She is an adjunct professor with Trident Technical College, as well as the author of Aspire in Your Pursuit, and the co-author of The A2Z of Early Childhood Management.

Latorie has her Master of Arts degree in Management Leadership, a Bachelor of Business Administration with a concentration in Human Resources Management, an Associates of Arts degree in Public Service with a concentration in Early Care in Education, a Childcare Management Certification, and a Realtor’s License. She was awarded the top honor in 2019 in ABWA.

This was such a fun and awe-inspiring conversation! To learn more about her and her journey, listen to the episode and reach out to her via the channels listed below. Also available on your favorite podcast players.

Free Buyer Guide

Free Seller Guide

45 Easy Ways to Sell Your Home Faster

Robin McCoy is a Texas Realtor with Keller Williams Realty. License #0582766
RobinMcCoyRealty.com | 214.226.3770 | RobinMcCoy@kw.com