PDX Renovations

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  • The Benefits of Downsizing Your Home

    While bigger is usually better when it comes to your living space, there may come a time in life when you take stock of your home and utter the d-word: downsize. Perhaps it’s that spare room that you haven’t entered in a month that triggers your reaction. Maybe your kids have finally moved out, making the house seem cavernous in their absence. It could be that the hassle of cleaning and maintaining your home has become too much. Or, the expense of living in your current home may prompt a move to someplace more within your budget. Whatever the case, downsizing your home can save you money in a variety of ways – many of which may surprise you. Here are just a few.

    You have less stuff. As with any move, you take an inventory of your belongings, and invariably pare down things you no longer use or need. This simplifies your life, and when you move to a smaller dwelling, you have less space for those frivolous purchases that often end up doing nothing but occupying space.

    Closer quarters = closer family. In a smaller home, the inhabitants are invariably forced to make spend more time together, cooperate and make compromises on space, which fosters a greater sense of togetherness than a home with lots of space where family members can segregate themselves. Downsizing your home can actually bring you closer to your loved ones.

    More quality time. A smaller home means less upkeep and often spending less on utilities and a mortgage, which translates into more time and money to devote to leisure activities that enhance your quality of life, such as traveling and hobbies.

    To be sure, downsizing your home is a major life decision, and one sometimes prompted by circumstance. But it can be an opportunity to streamline your life and eliminate space and possessions you don’t necessarily need.

  • Summer’s Coming. Now’s the Time to Sell. Why?

    Summer’s Coming. Now’s the Time to Sell. Why?

    Whoever coined the phrase “Timing is everything” may well have been referring to real estate. Deciding when to sell your home is of crucial importance. With summer soon to be upon us, there are several factors that make the season an ideal not only to sell your home quickly, but to maximize your profit. In this post, we will examine a few of these factors.

    Kids and School

    Changing schools is a major transition for children, especially in the midst of a school year. As a result, many parents prefer to move during the summer months to allow children time to adjust to a new setting before the school year begins.

    Low Inventory in Local Markets

    The inventory of homes for sale in your locale is crucial when deciding to sell, and inventory in many markets has been low. Lack of inventory can spark a rapid price growth. Low inventory can translate into more competing bids for your home, meaning you can negotiate better terms of sale.

    Longer Daylight Hours

    This one’s a no-brainer. Summer features more daylight hours than any another season, meaning your home is more visible to those on the street.  Potential buyers also have more opportunities to tour your home.

    Aesthetics

    A home is usually at its most beautiful during the summer. Gardens are in bloom, the grass is green, and all of those spring improvements owners have made frame a house in its best light. Furthermore, neighborhoods bustle with activity during the summer, creating a welcoming atmosphere for homebuyers. Or, put another way, during the summer potential buyers are less apt to be preoccupied with thoughts of having to rake leaves or shoveling a driveway.

    What are some other factors that make summer a great time to sell a home? 

    If you have a house, lot or land to sell, fill out our sell fast form.

     

  • When Should Seniors Sell Their Home? – 5 Reasons Senior Citizens Houses Sell.

    When Should Seniors Sell Their Home?

    Are you a senior or know of a senior considering selling a home? Many seniors are indecisive about the topic, but more and more seniors are selling their homes.

    To help with the decision to sell or not to sell, this post reviews the top reasons seniors today choose to sell their homes and why it is a good decision. PDX Renovations can help! – we are real estate investors and have our own money to buy houses, unlike real estate agents.

    Older Adults & Senior’s Reasons For Selling Their Homes, Properties, Or Real Estate:

    1. Living on a Fixed Income

    You hear about it in the news daily—more and more retirees are finding it difficult to live on a fixed income. Social security benefits don’t cover monthly costs. Pensions are all but gone in America. Retirement savings incurred huge losses over recent years. It all adds up to a shortfall in covering monthly expenses. More and more seniors are selling their homes because they can cash out their equity, supplement their monthly income with the proceeds and live a much more comfortable lifestyle.

    2. Costs of Home Ownership

    seniors selling their home - WHEN SHOULD SENIORS SELL THEIR HOME

    Let’s face it; owning a home costs a lot of money. Mortgages are expensive and, with little monthly income, difficult, if not impossible, to refinance. Reverse mortgages don’t provide enough to close the monthly gap in income needs. Even without a mortgage, the costs of property tax and utilities alone add up. Seniors have realized that the romance of living in their lifelong home doesn’t hold the lustre it once did. By seniors selling their homes and downsizing, they reduce the costs of homeownership and add to their monthly cash flow.

    3. Maintenance and Repair

    Homes are constantly in need of maintenance and repair. Paint, landscaping, and fix-it jobs around the house adds up to more than pocket change. Then there are the big-ticket items that, after time, need attention. Roof replacements, HVAC replacements, garage doors, appliances, and water heaters are expensive these days. With fewer houses to worry about, seniors reduce their financial risks associated with home maintenance and repair and find it easier to live within their means.

    4. Physical Challenges

    All of the maintenance and repair items mentioned above can be physically taxing. Just cleaning a big house becomes more challenging with each passing year. Spending less time with physically demanding chores is another reason seniors opt to sell their homes and find a less demanding home environment.

    5. Living Alone

    Not only is all that square footage expensive to operate and maintain, it just doesn’t make much sense to many seniors anymore. An empty nest can feel pretty lonely at times. Many are opting to relocate to a community that offers opportunities for socializing with others in the community. Areas like Portland, Oregon, are full of optional living situations for retirees of all ages and all walks of life.

    Many Seniors Selling Their Homes Want To Set Aside The Stress & Hassle

    Some seniors don’t look forward to selling their homes just because of the hassle of listing them with a realtor, fixing the house up to get it ready to market, and countless interruptions for showings to prospective buyers.  Selling a home for cash avoids all those hassles. The house can be sold in “as is” condition, and it can be sold very quickly—no renovations, no showings, no commissions, and no waiting. The sooner seniors can cash out their equity, the sooner they can improve their lifestyle and start living comfortably.

    Are you a senior or know of a senior who is selling a home?

    When should seniors sell their homes? The answer will depend on a wide range of factors, some of which we have discussed above – if you are unsure, then give us a call for some no-obligation advice and an offer:  Call us at (503) 560-6620

    Do you have a piece of property (house, lot, or land) you’d like to sell fast?  Please fill out our Sell Fast Form and get a cash offer within one hour of viewing the property. 

    Seniors Selling Their Homes Can Be Helped By Us!

    We Are Not Real Estate Agents! – We Are Real Estate Investors!

    PDX Renovations are not a real estate agent. We buy houses for cash, and we buy with our own money.  So if you have issues with retirement planning, issues with property taxes, or are not confident in the housing market (or have no adult children to help) to achieve a successful home sale, you can turn to us to help!