Tips to Buy Your Very First Rental Property in Louisville

Are you thinking about buying your first rental property? Maybe you want to invest, and you have come to the conclusion that real estate is the best option. Either way, there are a few things that you can do to make sure your investment is a profitable one.

Photo of three people having a difficult discussion.
There are many factors that go into buying an investment property that is very different than buying a home for your family.
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What Today’s Homebuyers Are Looking For

If you’re selling your home in Louisville or any of the surrounding areas, I’ve got great news for you! Your home is in great demand. I haven’t even visited your property but I know this is the case because housing inventory is at an all-time low. But if you want top dollar for your house, read on to learn what today’s homebuyers are looking for.

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How to Hire the Right Vinyl Siding Contractor in Louisville

Choosing the right contractor isn’t just a matter of comparing prices and selecting the company with the lowest price. According to Windows Plus, a vinyl siding contractor in Louisville, Kentucky, a good contractor will “use high-quality products backed by lifetime warranties from trusted manufacturers.”

Photo of home that used a vinyl siding contractor in Louisviller
Vinyl siding offers protection and ease of maintenance to your home’s exterior for a reasonable price. | Photo by Tre Pryor

If you choose a bad contractor, you may find yourself with problems with improper installation that won’t be covered by the manufacturer’s warranty. So it makes sense to do your research carefully, interviewing, and comparing multiple contractors before you pull the trigger. Here are some of the things you should consider when hiring a vinyl siding contractor.

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Virtual Staging and the Future Of Real Estate

I came across this tremendous piece by Hermann Samano and wanted to share it with you. For years, home staging has been mostly straight forward—less is more, declutter and clean, fix all the obvious broken things in order to sell their home faster. Now with virtual staging, we’re in a whole new world! I’ve started the article below, then click over to read the rest. It’s really quite interesting!
-Tre Pryor

Staging a home for sale has been a tool used by real estate agents and sellers for years. When a home is beautifully staged, it can be a real lure for potential buyers. The process of home staging involves a lot of heavy lifting, rearranging furniture, and intense attention to details and decorating. Most buyers prefer to purchase a home that looks well-kept and on-trend, which makes staging the property a smart marketing move. However, a lot of physical work, time, and effort comes with the staging process and it doesn’t mean that a quick sale is guaranteed. Virtual staging uses the same principles as regular staging, but with a technological twist. This process can save you a lot of headaches while still providing you with amazing results. 

Photo of a living room with virtual staging

What is Virtual Staging?

When a buyer opts to use virtual staging, the stager takes digital photos of the home. The property could be empty, or it could even be full of mismatched furniture, knick-knacks, and clutter. Once the photos are taken, the virtual stager uses special photo-editing software to “tweak” the way the home looks. This software can remove unwanted clutter, remodeling being done, and furniture with a few commands. It also allows the stager to add anything they want including new matching furniture, décor, and more. Extreme care is taken to ensure that every room of the home appears as if it’s been physically staged. The final photos are then posted on the listing, giving sellers a chance to entice new buyers to make a purchase or schedule a showing.

How Does Virtual Staging Work?

Today’s modern home buyer tends to look for property online before they even set foot in the door. Most buyers want to get an idea of the home’s size, design, and aesthetics before they take their valuable time to physically go to a showing. With virtual staging, software is used to create a beautiful home remotely. The seller doesn’t have to lift a finger (in most cases) and the virtual stager simply works their magic once the photos are obtained. This advanced software allows the stager to brighten up a room and add new furniture, rugs, and even artwork. The process requires skill and training in order to ensure that the final product looks polished and realistic. Through the use of shadowing and other techniques, the final photographs of the home offer buyers a beautiful perspective that entices them to learn more. With so much digital marketing being used for real estate sales today, it’s not surprising that this new method of home staging is becoming more popular than ever before. 

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Essential Factors You Should Look For When Choosing An Energy Company

Choosing the right energy company is an important decision that many homeowners tend to overlook. In most cases, many don’t put much thought into choosing an energy company. But it’s important to weigh its impact on their finances and their homes’ comfort and safety. 

Photo of an electrical worker at the power lines
Photo by Kelly Lacy

If you don’t want to experience low-quality services that could put your home at risk and cost you a lot of money. Your home is a major investment. It’s important to pick the right energy provider at the start. Depending on your home’s location, you may have many suppliers or just a single one. To help you make the best possible decision, here are essential factors you should look for when choosing an energy company. 

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Before You Move To-Do List

Making a new place home is a milestone and gives your life a fresh start. Nonetheless, many people dread the relocation process as it is physically exhausting and can emotionally drain anyone. There’s so much to do! So, what should you focus on before you move?

Graphic of moving icons
Credit: Pixabay

With more and more people moving to the suburbs, there’s actually a far greater demand for movers and moving-related companies now than in the recent past. It makes it all the more important to have thorough planning and preparation.

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7 Tips to Raise Your Credit Score Before Buying a Home

A higher credit score will lower your mortgage interest rate and give you more buying power. Since the COVID-19 induced recession, buyers are finding that some credit scores that were previously sufficient to qualify for mortgages are now inadequate. And if you’re torn between buying or renting, your credit score might make the decision for you.  Read on to learn some great ways to raise your credit score before buying a home.

Photo of a laptop, credit cards, financial documents

My Mortgage Insider explains,

“The Federal Housing Administration, or FHA, requires a credit score of at least 500 to buy a home with an FHA loan. A minimum of 580 is needed to make the minimum down payment of 3.5%. However, many lenders require a score of 620 to 640 to qualify.”

In reality, marginal borrowers may find that a 640 credit score is the absolute minimum required for a conventional loan. Therefore, it’s critical to raise your credit score before beginning the home buying process, and here are seven ways to do that.

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Real Estate Expert Tre Pryor Interviewed by NBC News Regarding COVID and Louisville Home Sales

I believe this is my fourth interview with local news sources. I’m happy that they consider real estate expert Tre Pryor a source for their stories. Always happy to share my knowledge of the local real estate market, I said “Yes” to be interviewed by David Mattingly anchor of Wave3 news.

Photo of Tre Pryor on Wave3 news
Real estate expert Tre Pryor interview with David Mattingly of Wave3 news.

The topic of this interview was COVID and its effect upon the local real estate market, specifically in the Downtown areas where most of the protesting has taken place. The title of the piece of Louisville home sales remain surprisingly strong in spite of COVID and protests and I invite you to check it out.

The guts of the piece center around whether the market has experienced any downturn from the protesting and violence that’s occurred since the Breonna Taylor indictments were announced.

As it always the case, I had hoped a different quote might be used or that I looked better on camera (ahh vanity) but I’m still happy to be a part of the process.

If you have any questions about Louisville real estate, I’m happy to answer them. It’s been my pleasure to serve clients here in Louisville for almost 15 years now. I’d love to help you too, so please contact me.


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Commercial Building Remodeling Ideas That Can Increase Value

It is always important for a business to stay up-to-date with its practices, but it is also important for the buildings that house businesses to also stay up-to-date.  A building is the first in-person representation of a business.  What a building looks like on the outside gives a potential client an impression as to what things will be like with the business inside. We are going to give you some remodeling ideas that can increase value of your commercial properties.

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Your lobby is the very important for setting the mood of your business.
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How to Keep Your Roof in Good Condition

When it comes to looking after your home and making sure that it is properly maintained, the roof is one of the most important elements. Many people ignore their roofs and this can be problematic when something goes wrong. Replacement costs are very high! Learn the ways to keep your roof in good condition and you can avoid these potential costs. Read on to see these tips!

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Roofs can last anywhere from 10 years to more than 50 so it’s important to monitor your home’s first defense.
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5 Ways to Increase Storage Space at Home

As people move through life, they tend to acquire more and more stuff. We call this “clutter.” While it can be a comforting and cathartic activity to have a good clear-out, you may as well make the most of the space that you currently have. There are many ways to increase storage space and they also increase the value of your home. But here we will look at a few general ideas to give you more breathing room.

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Storage shelves can serve double duty—hold useful objects and also as a space divider.
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How to Set a Budget for Home Renovations

Renovating your home and seeing the amazing transformation that occurs is truly exciting! But there is a chance you can get a little carried away when you’re thinking about what you might like to get done. Remember that no matter whether you’re making a few cosmetic changes yourself, or you’re hiring contractors to build an addition to your current house, having a proper budget is critical. This article will help you set a budget for home renovations. 

Whether a DIY project or hiring professionals, you want to understand your budget from the start.

Obviously, none of us has unlimited money. So it’s vital that we are able to create a sensible budget that allows us to be more comfortable with what we spend. Ruling out unrealistic upgrades before starting makes like a lot less stressful.  

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Why Should You Consider Major Repairs When Selling Your Property?

Out of 10 property sellers, at least 3 ask themselves if they should do major repairs before selling their homes. You can always market your property as a fixer-upper and sell it “as-is.” But that will limit your buyer pool. Depending on the current condition of your home and what your design plan might be, performing these updates can greatly increase your chance of selling your property quickly.

Photo of a couple painting a room
Source: Unsplash

There’s definitely a lot of questions out there regarding home repairs, so let us dive deeper into this subject matter and answer them along the way. 

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9 Awesome Ideas for Your Lawn and Garden

Your outdoor space is an extension of your home. Whether your yard is a sprawling field of grass or a small plot, it’s a chance to create an outdoor area that’s perfect for your family. Your garden can be a great way to produce your own food. It can also provide an educational experience for your children as they grow. How about some ideas for your lawn and garden that will take your outdoor space to the next level?

Photo of a beautiful lawn in front of a house
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