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The real estate market in Chattanooga has changed a bit over this last year. We’ve gone from historically low interest rates and houses selling within hours back to what was considered a “normal” market. With interest rates around 6%-7%, getting approved to purchase a home has become a little more expensive which can make it harder for a first time home buyer. One of the best ways for a first time home buyer and even an investor is buying a home that needs updates. Buying a fixer-upper can be a great way to get into the real estate market and potentially build equity while customizing your home to your preferences. However, it's essential to approach this type of investment with mindfulness and a well-thought-out plan. We’ve put together a plan to…

If you’re looking to make some home improvements, it’s always good to choose ones that will offer you the best return on your investment! But what are those? Here are the best home projects to add value to your home: 

1. Make sure your kitchen is cooking

In terms of sale value, one thing that can really make or break a home is the kitchen! The kitchen is thought of as the heart of the home, so if it isn’t up to snuff, it can really devalue your home. But don’t worry—you don’t have to totally overhaul the kitchen. One thing you can work on is giving outdated cabinets a new appeal with a crisp white semi-gloss paint. For a little elbow grease and a bucket of paint, you can totally transform your kitchen. If your cabinets are just way too old to…

Blog contributed by John Butler of Omni Realty  in Memphis.

 "Move-in ready" and "fixer-upper" are two terms you're likely to come across during your home search. The interpretation of these two terms can be different, depending upon the individual. 

A novice would interpret the home as a fixer-upper, while a buyer experienced in home improvement may consider the home move-in ready. 

Sure, home improvement reality TV shows stimulate creativity. But, they also create deceitful perceptions of what a typical house would look like on a showing. The vast majority of houses you view will have their shortcomings, so it’s vital to understand the difference between fixer uppers and move-in ready homes. 

Pros of Fixer-Uppers

Customization:…

In theory, buying a fixer upper is a great idea! If you want to live in a certain area and can’t afford a house in move-in ready condition, or if you’re one of those people who love the charm of an older home, it actually might be your only option. But ask anyone who has made it through a major renovation, and you’ll find out that you might be in for a bigger headache than you could have imagined. Before you set out to do your remodel, here’s some need to know advice to help you make it through. 

1. Choose wisely 

Location, location, location. You’ve heard it before, but when it comes to buying a home, it’s maybe the best advice we can give. You can have an amazing home in a less than ideal location, and your odds of resale go down immensely. Be…