Why Homeownership matters NOW more than EVER

Why Homeownership Matters Now More Than Ever | MyKCM

Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.)

For Americans approaching retirement age, one of the greatest benefits to homeownership is the added net worth they have been able to achieve simply by paying their mortgage!

The Joint Center for Housing Studies at Harvard University focused on homeowners and renters over the age of 65. Their study revealed that the difference in net worth between homeowners and renters at this age group was actually 47.5 times greater, with nearly half their net worth coming from home equity!

Why Homeownership Matters Now More Than Ever | MyKCM

Homeowners over the age of 65 are much more financially prepared for retirement and often own their homes outright if they were fortunate enough to purchase their homes before the age of 36.

Their 30 years of mortgage payments have paid off as they gained equity through their monthly payments and as home values appreciated.

It is no surprise that lifelong renters have had a hard time accruing net worth as the latest Census report shows that the Median Asking Rent has been climbing consistently over the last 30 years.

Bottom Line

Your monthly mortgage payment is a form of ‘forced savings’ building your net worth with every payment!

Think you’re ready to buy? Or no someone that should look into buying? Let’s connect. Give us a call at 703-242-3975 or Email us at info@thebeltteam.com

Check out the latest Northern Virginia Listings Here

Happy Valentine’s Day! How to Know if You’ve Found the Real Estate Agent of Your Dreams!

Whether you are buying your first home, or selling your house to move up to the home of your dreams, finding the right agent to help you on your journey should be your first step! Look for someone who guides you with the ‘heart of a teacher’ and keeps your goals top of mind. Let’s get together to chat about all the ways we can make your dreams come true!

The Belt Team specializes in creating real estate success stories, and we would love to be a part of yours! If you, a friend, or family member are looking to buy or sell we would love to connect.

Thinking about selling? Visit www.TheBeltTeam.com 

Thinking about buying? Visit www.BeltTeamRealEstate.com 

Or give us a call at 703-242-3975

The KonMari Method: Helping You Prep Your House For Sale

The KonMari Method: Helping You Prep Your House For Sale | MyKCM

One of the biggest challenges sellers face when listing their house is decluttering. Cleaning out some of the more personal decorating choices allows buyers to imagine themselves living in the house.

Those planning to sell soon are in luck! Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes.

“The KonMari Method™ encourages tidying by category – not by location – beginning with clothes, then moving on to books, papers, komono (miscellaneous items), and, finally, sentimental items. Keep only those things that speak to the heart, and discard items that no longer spark joy. Thank them for their service – then let them go.”

When you subjectively look at all of your belongings, you can sort through the ones that mean the most to you. Not only will you increase space for more joy-bringing items in your new home, but you will also have a much easier time packing remaining belongings!

“Remember, tidying up isn’t about getting rid of stuff. It is about creating an environment that sparks joy and improves your quality of life.”

When selling your house, first impressions matter! Before you or your agent schedule a photographer to take photos for your listing, make sure to tour your home with fresh eyes. Look for any imperfections that a buyer might notice.

When you sort through your more sentimental items, consider packing them away to ensure that you know where they all are. That way, they are safe during open houses and showing appointments. This will also cut down on the amount of packing you need to do right before you move!

Bottom Line

Whether you are selling your house to move up to a larger one, downsizing, or moving in with family, only bring the items that truly spark joy for you. This will not only help cut down on the items you move, but also ensures that you’re off to a great start in your new home!

Thinking about selling? Visit www.TheBeltTeam.com 

Thinking about buying? Visit www.BeltTeamRealEstate.com 

Or give us a call at 703-242-3975

Welcome Dana Menking to The Belt Team

At The Belt Team, our mission is “Changing Lives For The Better”, One way we do that is by ensuring the highest level of service for our clients by hiring top notch Real Estate Agents to help our clients. As our business grows, so does our sales team.

MEET DANA

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From a young age, Dana was surrounded by construction, home improvement, and architecture. Much of her interest in homes, lies in the experiences she shared with her father, a contractor who always brought her to job sites. Growing up in this environment helped her gain an intuitive knowledge of what people look for in their own home.

Dana grew up in Yorktown Virginia, and has family throughout Falls Church, Loudoun, and McLean. She went to George Mason University, earning a Bachelors in Business Management. Her four years at George Mason turned Northern Virginia into her home – traffic and all.

Before becoming a licensed agent, Dana was in the Commercial Real Estate industry. She became a force in lead generation, instant relationship building, and the art of persuasion. When it came time to pursue her real passion, she chose Northern Virginia’s best – The Belt Team – for it’s deep connection to the area, and caliber of service provided to its clients.

Dana has an ideal foundation for real estate. She has expertise in the local area, strong negotiating skills, and a pure love for the industry. Her main goal is to be an advocate for you – to listen to everything you say, and everything you don’t say. She wants to help you navigate the home buying and selling process. Let’s get to work!

Welcome to the team Dana!

Want to join the team?

If you’re interested in joining a team who’s out to change the world, call Terry Belt at (703) 242-3975. We are Changing Lives For The Better, including those on our team!