The housing market was one of the strongest highlights of the United States economy in 2018. Even though some of the hottest markets showed signs of cooling off during the final quarter of the year, conditions still favor people with homes for sale in Irvine. For 2019, real estate analysts and economists are urging homeowners in active markets to proceed with caution. As prices begin to stabilize, a few sellers are bound to get nervous or overly competitive by sharply reducing listing prices. Even if other markets such as Miami, New York City, and San Francisco enter a correction period, Irvine will likely continue to be a leading market.
With the above in mind, Irvine homeowners looking forward to a prosperous new year should take some time to reflect upon what they can do to improve their standing as property investors. Here are seven resolutions homeowners should think about as they settle into 2019.
1. Get Rid of Clutter
The Boxing Day tradition of donating unused belongings and unwanted holiday presents on the day after Christmas has never quite caught on in the U.S., but many American families are making New Year’s resolutions to this effect, particularly if they have a few days off in January. Organizations such as Goodwill and the Salvation Army will be more than happy to help with this resolution.
2. Install Solar Panels
With the tax rebates and credits offered at the state and federal levels for residential solar panels, installation costs can be reduced by 50 percent. Moreover, substantial savings will be reflected on your monthly utility bill.
3. Complete DIY Projects
Taking the time to learn how to complete at least one home improvement project on a do-it-yourself basis is a common New Year’s resolution. The key to making sure these resolutions aren’t abandoned is to keep them simple. For example, try painting a bedroom or upgrading old faucets with new stylish ones.
4. Become a Better Neighbor
By virtue of living in a populous metro region, Irvine residents have no shortage of community organizations eager to welcome new members. From Big Brothers and Big Sisters to the Irvine Health Foundation and the Irvine Ranch Outdoor Education Center, there are many opportunities to become a better neighbor in 2019.
5. Increase Energy Efficiency
Upgrading to a smart thermostat, insulating the ductwork, and ensuring all home appliances and devices are Energy Star-certified could result in a 30 percent reduction in your monthly electric bill.
6. Think About Refinancing
Quite a few properties in 2018 were purchased with adjustable rate mortgages that featured lower interest rates during an introductory period. At a time when the U.S. Federal Reserve is showing firm intentions to continue raising the prime rate, homeowners should get in touch with mortgage loan officers and figure out if refinancing from an ARM into a fixed rate loan would be the right move in 2019.
7. Improve Curb Appeal
Homeowners who plan to list their properties for sale in 2019 should make a resolution that involves improving the first thing prospective buyers will pay attention to. Painting the front of the house, refinishing old doors, planting attractive flowers, and pressure washing driveways are just a few ideas for boosting your home’s curb appeal.
Whether you’re thinking of selling your home or you just want to improve your living space, these resolutions are great ideas any time of year. Irvine homeowners who are getting ready to list property for sale should definitely find a real estate agent in Irvine who’s experienced and trustworthy. The professionals at Irvine Residential Living can guide you every step of the way to sell your new home as quickly and easily as possible. Call one of our friendly agents today at 714-454-6304 to schedule an appointment.