Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / May 26, 1994, edition 2 / Page 17
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Getting the Full Market Valiie'otit If you're considering selling - ' your existing home, an objective and thorough look at your home's interior and exterior will ensure that your home will be sold more quickly and that you will receive its full market value. ? _ , First, consider your home's "curb appeal." Is the lawn well kept and neatly mowed? Has shrubbery-been-weit^ maintained and nicely trimmed? From the out side, do windows, window screens, entry doors and storm doors appear to be in good condition? Does the roof appear to be sound? Check walkways and driveways for signs of deterioration. It is imperative that you clear away all rubbish around the structure, including dis- . carded or excess furniture, old tools and equipment, barbecue grills, etc. Either place these items in storage or have them hauled away. , Second, evaluate the interior -of^yourtiomeT^fhe- watchwords here are "conservative/' "opera ble," and "cleanliness." Make sure that all lighting i fixtures, ranges/ovens, furnaces, air condi tioning systems and plumbing are in proper working condition. If you discover problems, call in a repairman. . Take a look at.the interior walls?' wood trim and floors. If necesM|& touch up interior paint and shampoo carpet. Replace any wallpaper and/or paint which does not pass the "Is it conservative?" test. You should be aware thaf gaudy and/or outlandish decorating will turn off prospective buyers and reduce your chances of receiving the fu 11 market val ue of your, home. ? - - - ?- ' , ?: n r ? ' Once you have done all that is needed to get your home in "tip- ' top" shape, remember that your real estate agent will need to show your home to prospective buyers. While your home is on the market, you will need to keep it spotless and ready to "show." With careful planning and preparation, your home will bring its Full market value and you will be on your way tti your new home! By David Cooper ; . Cooper Realty. ' , - - - Choosing A 15- Year HomeLoanWilLSaveYou Money ' v '????. . ** . t For m arty years t-ht standad 'in?* loan was iet up tor \ !,ui:n reason ior thiv -\vac- tnai.V. ? possible 'lor \t he buve? u v ? v a home with toe smaiiev. payment tcYr nu; amour r "M(>vvod. Howe vim. with ihe.si ludnv,.' mom of the payment we# directly to interest, so the loan bal ance, or principle, went down very slow-ly. Over the last few years, loans with shorter terms have become increasingly more popular, mainly because the lower interest rates which have made housing more affordable. v . Perhaps the most popular term today is the 15-year loan. ' It s<i\ cs tiu* frorrou ;?r :? lot of monc. in iniv.usi and p^ . s on mc hoir.. i o ; : ; nu!vr. !a>icr. ?<? rttc exan-'p' . V . VS1 Minu, (D: ciG . ... vcHf~ io?in c > i i > p{'!" . Mi Note that mc rates uscuw-. mis examiJie'ait bauii on Pied mont hedciai ?* current raicv t Mcnc # rates can change weekly and could he higher or lower. They are for example only. The loan amount in both examples is $50, 000. In the example, the monthly payment for the 15-year loan would be $91.72 higher than the payment for the 30-year loan. This additional money each montkcuts the number of years in half, and saves $54,295.20. in total 'interest P.iici over the life of the loan Atiotfier acivarwaae --V i5-\ea! loan.js thai ihe iaan ?: si-" aiii'f {fries down much .i. u .^i More <ot the, payment eactwnonH: iiues directly ut the loan fra&rtce uIirIi i educes ine amount mmT "EXAMPLE OF PAYMENT/TERM AGREEMENTS TERM RATE 30 years 8.75% 15 years 8.25% MTHLY PYMNT. $393.36 $485.08 TOTAL PAYMNT $141,609.60 $87,314.40 faster. Even a buyer who plans to live in a home onlyfor a few years will find advantages, since he will have mv.mi eiinkv in tne horne \\iien .,iic iv rV;:it?A u' : ! . 1 hi- means imre . rHil' .. :;cvt pit* , ? J rt% jcii'u viCiftcs ? and Loin ofic;- ' v ?> ( r. >(>? ?. r* < ? ! - year n>an>. as weit-^ h>a?^ u?r 20 and l u years, for alt me details and to find out which term best suits your loan officers at 770-1000. The Toolbox ? Don't Be Home Without It From the new homeowner facing those home maintenance chores for the first time, to the experienced do-it-yourselfer, a well stocked toolbox is a necessity today. And with what repairmen are charging, it pays for homeowners to learn how to do some of the common household repairs. Tool boxes are not just fdr the men any-" morel More and more single women are buying their own homes and learning to do simple home maintenance repairs. The initial expense in putting together your tool box is well worth it in the long run by handling minor home repairs and pro jects. ? A stocked tool box makes a great house warming gift for the new homeowner. Tool boxes for women decorated in bright designs are available at some craft shops and hard ware StOTCS. - Here's a list of tools that no Respectable toolbox should be without: 1. Toolbox (of course). Don't substitute a Tupperware container or G.J. Joe lunchbox for a tool box. Invest in the real thing. 3. Clawhammer v 4. Dust masks (to use when sanding wood work or walls) 5.LeVel (preferably aluminum, 24-inch) 6. Power drilh with various-sized bits (the new cordless ones are nice) 1, Pry bar (for pulling up nails) ~ 8. Sandpaper in assorted grades 9. Safety goggles 10. Small flashlight (check batteries, too!) 1 1 . Razor scraper and single-edge razor blades 12. Medium-sized vice grip 13. Masking tape 14. Assorted nails and screws 15. Work gloves ' Retractable steel tape measure 17. Screw-drivers, both flathead and Phillips head (again, check out the new cordless ones) 18 Channel-lock pliers 19. One-inch putty knife 20. White all-purpose glue 21. - Band-aids (remember your Boy Scout oath ? be prepared!)
Winston-Salem Chronicle (Winston-Salem, N.C.)
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May 26, 1994, edition 2
17
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