Smith Mountain Lake Real Estate – Debbie Shelton

Spring Cleaning Maintenance Guide

We’re fast approaching warmer weather, which means that it’s a good time to make a springtime home maintenance checklist. Read on for three common areas to inspect as winter draws to a close:

Roofs and Gutters: Now is a good time to clean out your gutters from all of the debris that may have collected during the winter season. Check your rooftop for shingles that need replacing and look for signs of leaks. Those April showers might bring more than just May flowers if you don’t have your roof properly inspected, so don’t be afraid to enlist the help of a professional roofing company to help you scope out potential problem areas.

Air Conditioning Systems: Don’t wait until a heat wave hits before you test your air conditioning unit. Even if it’s still a little chilly outside, take the time to check your AC unit so that you’re not waiting in line for an HVAC professional during their busiest season.  Schedule a technician to perform an annual maintenance checkup on your unit, as ask them about cleaning your home’s duct work.

Windows, Exteriors, and Walkways: Clean the exterior of your home and walkways to remove stains and built-up dirt, and repair or replace broken or damaged windows and screens. If you have a dock, inspect your structure for any damage that may have occurred during recent winter storms, and replace any areas that look unsafe.

Making an effort to properly prep your home for spring could save you time and resources once warmer weather ushers in. As a general rule, always enlist the help of a professional when tackling potentially dangerous jobs, and keep all receipts and paperwork organized in case you need to refer back to them at a later time.

Source: Home Warranty of America, Spring Home Maintenance Guide

Will Right-Sizing My Home Save Money?

If retirement is in your near future, you may have started analyzing your finances in efforts of finding areas to save. The Bureau of Labor Statistics cites that 49% of Americans in their late 50’s and early 60’s has mortgage or home equity debt, and that housing costs take up one-third of their household income. Simply stated, many of us are living in more house than we need. The concept of “rightsizing” your home could potentially save you a considerable amount of money, and is a great place to start your financial planning.

Rightsizing means that you are finding the right-sized house to suit your needs. A larger home equates to larger mortgage payments, utility bills, and maintenance costs. By rightsizing your home to a smaller living area, you’ve cut down your living expenses, giving yourself extra money for investing and retirement.

Smith Mountain Lake offers a host of housing options, making it easy for retirees to find their ideal living space. From waterfront condos and townhomes, to maintenance-free residential developments, I can show you a variety of homes that speak to your desired lifestyle and budget. And with the extra money you’ll be saving, you’ll have more flexibility to relax and enjoy your retirement on beautiful Smith Mountain Lake.

 

Source: Rightsizing for Retirement, Discover 360 Financial

The Best Year in Smith Mountain Lake Real Estate Since 2008

If you’ve been wondering how the Smith Mountain Lake real estate market weathered 2017, get ready for some good news. Last year was the best year in Smith Mountain Lake real estate since 2008, and we have the data to support it.

Here’s the Proof

Winter weather hasn’t slowed down the SML real estate market, and data supports ongoing growth. January saw the sale of 22 waterfront homes, versus 14 in 2017. That equates to a 57% increase with an additional 33 under contract and pending sale.

What This Means for Buyers and Sellers

If you’ve considered purchasing a Smith Mountain Lake home, get in now while prices are still under pressure and interest rates are low. Conversely, if you’re thinking of selling your Smith Mountain Lake home, know that buyers are coming back. If numbers continue to perform as well as January, we’re in for a very hot summer.

 

This Smith Mountain Lake real estate market report compares sales between various properties during the last quarters of 2016 and 2017.