The idea of cutting your monthly mortgage payment down by refinancing your loan may sound intriguing to you as an Alaskan homeowner, but there is much more to consider before diving in. In fact, there are cases in which refinancing does not truly pay off for the homeowner. But don't worry! As your local real estate experts, you can count on Madden Real Estate to help you make the best decision for your situation.
Below are four factors to consider before making the decision to refinance your mortgage:
Refinancing is not free
Just as you likely paid some closing costs when you purchased your home in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla, North Pole, and the surrounding areas,...
Whether you're planning a home improvement project for the new year or are simply preparing to impress buyers when your home hits the Alaska real estate market, the kitchen is a great place to focus. After all, kitchens and bathrooms tend to make the biggest impact on homebuyers— in addition to your home value!
But how can you tell if yours is in need of an update? As your local real estate experts, Madden Real Estate has included a few ways to help you decide:
Your appliances are outdated
This may be a smaller project, but swapping out old appliances can quickly make...
September is here! Temperatures have started to cool down here in Alaska and it's time to begin thinking about all that fall and the coming months will have in store. And while changing colors and pumpkins are just two aspects to look forward to, wet weather and falling leaves are also major players, so you will want to make sure your Fairbanks AK home is prepared!
Set aside a weekend or two to complete the following five tasks around your Alaskan home this month:
Clean the gutters
When the leaves start to fall and the rainy days become more frequent, it's always helpful to have your gutters in clean, working order. If there aren't there yet, grab your ladder and head up to the roof to give them a thorough cleaning. Gutters should be free of all debris...
Looking to upgrade your front entrance? Re-Painting is a great place to start. Fresh paint is an affordable, interesting way to update your home and it also offers long-term protection.
Choose a color that complements the style of your home and existing exterior colors. For something eye-catching, go with light or deep colors. A unique color scheme is the best way to stand out but don't go overboard.
Re-staining the front door will set your home apart on a street lined with factory-painted doors.
Create contrast to add visual interest and personality to your front entrance.
Accessories are easy and inexpensive finishing touches that make a noticeable difference.
In a previous blog post, I introduced you to how you can renovate your home in Alaska while increasing your property value. Projects like remodeling your kitchen and bathrooms, redecorating and boosting outdoor appeal are all excellent ways to ensure you have a favorable turn-out when the time comes to sell, but it's also important to keep in mind those that can do the opposite.
If you have home projects on the horizon this year, you will want to steer clear of the following three that can hurt your property value in Fairbanks, Anchorage, Eagle River, Palmer, Wasilla and the surrounding areas:
Removing bedroom space
Maybe you'd like to expand your closet, create a recreational space or even make room for a master suite— but just remember, once you've decreased the ...