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Showing posts with the label Real Estate

Top Reasons to Install a Carport

A carport is an important investment that will provide many benefits for your property. Carports are perfect for those who live in the colder climates, as they protect vehicles from snow and ice accumulation during winter months. A carport can also help reduce the cost of heating a garage by up to 30%.  When it comes to carports, Hunter Patios and Additions is the name you can trust. With over 20 years of experience and a growing list of satisfied customers, we are leading carport builders in Newcastle that provide outstanding work ethic and loyal customer service every time. In this blog post, we will share with you 11 different reasons why installing a carport should be on your radar as a homeowner or business owner! 1. Protect Your Car from the Elements Rainy weather can cause rust spots on your vehicle; snow removal in wintertime requires more effort; salt water from roads during heavy storms causes corrosion on metal surfaces. Installing a carport keeps your vehicle safe f

5 Benefits of Bathroom Renovations

Bathroom renovations are a great investment. Whether you're renovating your bathroom to increase the functionality of an outdated space or to add value and curb appeal, there are many benefits that come with it.  In this blog post we'll be exploring 5 benefits of bathroom renovations which include increasing the resale value of your home, making life easier for those who use it on a daily basis, and more! 1. Renovating your bathroom increases your home's value This is because buyers, who are looking for a great investment in real estate, want to buy houses with updated bathrooms that have been renovated either recently or years ago. Bathroom renovations can also give you an opportunity to modernize and renovate other parts of your property as well which may include the kitchen or living areas. Rental properties could benefit from being completely redone so they are more attractive to prospective tenants too! 2. It can update your bathroom's appearance If you&#

Option period: What is it and how does it affect the purchase and sale of homes

What is an option period? An Option Period is written into a real estate contract to give the buyer a specific number of days in which they can rescind the contract and receive a refund of their security deposit. Its goal is to give the buyer time to learn more about the home through independent inspections and appraisals, negotiate repairs and other elements of the contract, and obtain approval for financing if applying for a mortgage . The buyers will pay the option fee to the seller that is not refundable, it’s the charge for review period and typically ranges from 100$ to 200$. The option period usually lasts from 1 to 10 days. It begins the day after the acquisition contract is signed and ends at 5 p.m. local time on the specified end date. During the Option Period, the property is labeled as a "pending option" (OP). If the customer needs more time, they will potentially negotiate with the vendor to increase the option Period for extra days. The Option Period all