It’s an odd feeling, having potential buyers walking through your house to get a feel for it. You want to sell, but in the meantime you still hold ownership. When you’re ready to start showing your home, you may feel apprehensive about the process. With these straightforward precautions in place, you can preserve your privacy while also effectively showing your home.
Start packing up photographs, diplomas, yearbooks and baseball trophies early on in the game. You don’t need to leave information about your life lying around; it’s not going t help sell your house. Seeing too much of the life you’ve built in your home leaves potential buyers focused on what type of people you are, instead of focusing on the condition of your home.
Clear Out Closets and Cupboards
A desk or dresser drawer isn’t really fair game (though you may want to err on the side of caution when it comes to inviting strangers to your home), but structural parts of the house such as cupboards and closets or kitchen drawers are bound to be inspected. Even if you’re in a hurry to sell, you need to take the time to empty any and all personal effects from these areas in your house.
Protect Your Mail
There are plenty of reasons not to leave your mail in an easily located spot, but one of the main reasons is that your mail can contain sensitive information about your financial affairs or the value of your home. Protect these assets as though they were cash.
As a seller, your objective is to create a staged home that says nearly nothing about your life or personality. This means that you should basically remove all trace of yourself from the place that you live, which is difficult but beneficial. If your house offers insight into the life that you’ve lived while inside it, it’s saying more than you want it to.
The dream of the homeowner is to pay off your mortgage faster so that you can start putting money into other things. Your plan may be to leverage your current property as equity for further investments, it may be to put money into renovations or just to tuck the excess funds away for retirement.
Whatever your post-mortgage plans may be, the idea of living mortgage-free is appealing to everyone. If you’re wondering how to pay your mortgage in a better way than you already are, in order to see yourself further ahead in the future, here are some tips that will get you closer to your goals.
Do More Than You Have To
Think of your mortgage payment as an enforced savings. Because you’re paying into a property investment, you’re theoretically gaining every time that you make a payment. With this in mind, put extra towards your mortgage each month by rounding up. If you come into extra money every now and again, put it towards your mortgage. Most banks and lenders give you the opportunity to make an extra lump sum payment once a year. Contribute highly to your RRSP whenever possible, and use the returns that you get at tax time towards your mortgage payment. You won’t regret overpaying, whether by a little or a lot.
Make Bi-Weekly Payments
Instead of paying your mortgage on a monthly basis, instead set up direct bi-weekly payments every time that you are paid for work. Sure, you may be a little more house poor for a while, but you’ll also accelerate your progress in the homeowners’ game.
Keep Your Ear to the Ground
Just because you have a mortgage doesn’t mean that nothing will change. The more you know about interest rates and options, the better off you’ll be. There is a chance that you’ll be able to renegotiate a mortgage deal in the future that makes breaking your current contract worthwhile. You never know if you’re not listening.