Avoid Remodeling When Selling Your Miami Home



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A lot of people in the area are looking to sell their home this spring, and they’ve been asking me lately about how they should go about getting top dollar for their home.

People have been wondering about remodeling their home and whether making some renovations can help them get a better price, but we actually advise against it. Here’s why:

Remodeling may add value to your home, but that doesn’t mean you will get back all the money you put into it. What you really want to do is minor cosmetic work, so you get the negative impressions out of the way. There are easier and cheaper ways to do this than remodeling, we are going to talk about a few of these today.

1. Open up space
Do a major decluttering of your house, and get rid of anything you haven’t used in the last 6 months. Whether you put it in storage, donate it, or throw it away, clear out your home to open up space.


2. Clean
Do a deep clean of your home. This includes scrubbing floors, bathrooms, walls, and putting a fresh coat of paint on areas where you need to impress the buyer.

3. Change the smell of the home
You want the home to smell fresh and clean. Try not to cook with heavy spices or oils in the days leading up to a showing. Lighting candles is a great way to get rid of smells.

You don’t want to start any major remodeling work, because there is no promise the buyer will like what you do. They might have their own ideas for the home. It is better to sell the home in an as-is condition and reflect that in the sale price. You can still sell for top dollar with this method.

If you need specific guidelines or if you have specific questions about what to do to get top dollar for your home, give us a call or send us an email. We would love to hear from you!

Expert Tips to Get Rid of Your Private Mortgage Insurance




If you put less than 20% down on a home, you're required to pay Private Mortgage Insurance (PMI). This is to protect the bank that you're lending from in case you cannot pay off a mortgage.
To stop paying PMI each month, you have to look at the type of loan that you have. If you have a conventional loan, you have to wait two years until you can get rid of it. If you have a FHA loan with only 10% down, then you have to wait 11 years. If you used an FHA loan and put down the standard 3.5%, you won't ever be able to get rid of PMI until you refinance.
Let's assume that you have an FHA loan and you put 10% down and you've waited your eleven years. What you need to do next is pay down the loan by at least 22%, and then you will no longer have to pay PMI. Another alternative would be if your home appraises at a value that is 20% higher than when you bought it. This is not a regular appraisal. The bank has to run a special appraisal, and if they find the value to have improved, you can then get rid of your PMI.


PMI payments can add up and cost you a lot of money over the course of your loan. If possible, I would recommend doing anything necessary to get rid of them. If you need assistance when doing this, please don't hesitate to contact me!