Buying a fixer upper can be a great way to get a property for less than the price of surrounding homes. However, it can be an intimidating undertaking with a lot of unknowns. To avoid unpleasant surprises that drain your wallet, it is key to have it properly evaluated before signing on the dotted line. Choosing the “right” fixer upper makes all the difference. Decide early on how much your budget, and patience, will allow.
Fixer Upper Flaws that Can Break Your Budget
Foundation, structural and roofing issues are just a few items that have a big price tag. Go into the project with open eyes. By partnering with a knowledgeable agent, you will have access to experts who can properly assess the property.
Additionally, replacing major systems like heating, ventilation and air conditioning can be costly. Issues like mold can be resolved but can also come back over time.
Consider the Location & Layout
Evaluate the potential of the fixer upper you are looking at. One of the most important factors is location. It should be just as desirable as a home that is in perfect shape. Seek out project homes in sought after areas. Check out neighboring homes to see if they are in good condition.
Taylor-Made Deep Creek Vacations and Sales marked their tenth anniversary in 2018! This is a great company to work for, and I am proud to be a co-owner of the real estate division. In addition to celebrating ten years in business, we recently completed the addition of 4,500 square feet to our office!
Taylor-Made Deep Creek Vacations and Sales History
Taylor-Made was started in 2008 by Jodi Taylor Refosco, her husband Joe and her brother Chad Taylor. Jodi and Chad had years of experience in the vacation rental industry. They worked for their parents at Deep Creek’s largest rental company until they sold it in 2007. Joe has a strong background in hospitality and also worked for the elder Taylor’s and played a key role in developing their in-house laundry facility. Continue reading Taylor-Made Deep Creek Vacations and Sales Celebrates 10th Anniversary!
There are lots of lake front homes for sale at Deep Creek this summer! I recently listed two of them. Each is an example of the different types of experiences you can have at the lake. You can be off-the-beaten-path or right in the heart of area activities. Choose from stunning chalets or amazing cottages.
Deep Creek Lake is truly a place where you can get away from it all in a manner that suits your personal and family needs.
My Deep Creek Lake summer real estate update brings you news about a market that is in full swing!
Deep Creek Lake Summer Real Estate Update
When comparing to the average from the last 5 years, closed sales are up. Also, pending sales/contracts are up. Active listings are down, and the days on the market are down. There are pockets of our market that are doing really well. We are even seeing an occasional multiple offer situation. Then there are other segments where properties are getting activity but moving at more of a pace we are used to seeing in G.C. with a 6-12 month average time on the market. Nothing to complain about it. Garrett County has been on the uptick for the past few years. I like the balance that we are seeing with buyers and sellers when it comes to negotiating for the good of both parties. Continue reading Deep Creek Lake Summer Real Estate Update
This new lakefront home for sale at Deep Creek Lake is truly a stunner! I just listed 320 Lake Forest Drive and am excited to share it. Inside and out, it offers #lakelife at its best.
New Lakefront Home for Sale at Deep Creek Lake
This immaculate six-bedroom chalet is the ideal second home. Because it is situated on an uncommonly level lot, it is very family friendly. Almost every room has unobstructed lake views.
Inside, there are many custom details. The main level layout is open and ideal for entertaining. Cathedral ceilings, a stone fireplace and a massive wall of windows are highlights of the great room. Also, there is a Bose whole home audio system.
The kitchen features recent updates that include tile floors, granite counters, two dishwashers, two garbage disposals, double ovens and an under counter icemaker. It is easy to imagine hosting your favorite folks for a fun dinner party or afternoon barbecue.Continue reading New Lakefront Home for Sale at Deep Creek Lake
Finding a lake front home for sale that is as exquisite at 308 Lake Forest Drive is truly a rare opportunity. Attention to detail and luxury finishes are found inside and out. It offers eight bedrooms and seven full and three half baths.
Because of its convenient location, you can easily enjoy the best of the Deep Creek Lake area. Skiing, restaurants, shops and state parks are within a ten-minute drive or less.
Inside this Lake Front Home for Sale
Designed by architect Darrin Peterson, this home is an Adirondack-style lodge. Nearly every room has windows that highlight soaring lake views.
The highest quality materials were carefully chosen and constructed to blend form and function. Area craftsman created one-of-a-kind features that include Groll Ornamental Iron, Eastern White Cedar beams with flared roots in-tact and custom woodwork throughout.
Keeping the home’s history alive, the original 1941 cabin that was located on the lot was incorporated as part of the dining room. Wormy chestnut walls, exposed beams and the original fireplace give it an authentic Deep Creek Lake vibe.
New Deep Creek Lake listings are popping up right and left! It is not quite spring, but the market is already heating up. If you are thinking of selling, now is the time to work on your “to do” list. Curb appeal, de-cluttering and staging should be top-of-mind. Buyers should be getting their financing squared away. Pre-approval will give you a competitive edge when you find your perfect home. Interest rates are low now, but they are projected to increase.
The new Maryland Smoke Alarm Law applies to any battery-only operated smoke alarm that is more than 10 years old. Home owner should replace them with an alarm with a 10-year sealed-in battery having a “hush” button.Continue reading Maryland Smoke Alarm Law Reminder
This homeowner’s tax reform quick guide will focus on the biggest real estate oriented tax polices that were recently enacted. The new tax law is known as the Tax Cuts and Jobs Act. It may change how buyers see homeownership incentives.
Here is a brief rundown of some of the most noteworthy real estate-related tax policies and how they may affect homeowners.
New SALT Deduction Limit
SALT stands for “state and local taxes”. In the past, taxpayers could deduct what they pay in state and local property, income, and sales taxes from their federal returns. It was unlimited. The new law caps any combination of these deductions at $10,000. Continue reading Homeowner’s Tax Reform Quick Guide
Home winterization is on the minds of many of my sellers in the Deep Creek Lake are this time of year. I put together my top tips for home winterization to be sure you are ready when Old Man Winter knocks at the door.
prevent frozen pipes
Home winterization starts with protecting your pipes and water system. Avoid costly water damage that can occur from freezing pipes. A plumber will check everything and get it ready it for cold temperatures. Water should be drained from places where it is stored, like water heaters and hot tubs.
Once the water is drained, you won’t need to keep the heat turned up. Your pipes are safe and you will have lower utility costs.
check the gutters for leaks & debris
If water collects and freezes, your gutters could be damaged. The weight can pull them off of the house. Also, this could cause water to collect around your foundation. Most home owners know, that is never a good thing. Clean them out and seal up any leaks that you find. Continue reading Home Winterization Tips for Deep Creek Home Sales