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WHERE TO UPDATE YOUR HOME TO INCREASE HOME VALUE
Sometimes people have the funds to update their home before they sell it, in order to increase the overall value.
The question usually asked is, "How much money should I put into my renovation and where should I spend it?"
The SINGULAR room in your home that will get you the most bang for your buck is the KITCHEN.
No matter what your budget or home goals, there's one simple and cost-effective update that can get you the most money when you sell: updating your kitchen. Whether it's a total gut job or just adding some more efficient appliances, kitchens are consistently one of the biggest sellers in any real estate market. Here are some ways you can update your kitchen - from the full remodel to less expensive options in updating a kitchen.
A new kitchen and bathroom are big ticket items, but they're also some of the most valuable improvements you can make to your home. From replacing appliances to new cabinets, adding granite countertops, and installing a backsplash, these updates have a long-lasting effect on your home value.
If you're looking to sell your home for top dollar, you should consider replacing outdated countertops. Replacing outdated countertops will make a huge difference in your house's resale value.
Picking a fresh color or painting a room is one of the easiest ways to make a home feel like it has new life. When you paint, your walls may look new and bright again, and even your old furniture can look modern with a coat of paint on it. Choosing paint colors that are popular for houses in your area will help you get more money when you sell because buyers don't have to worry about stepping outside their comfort zone if they like what they see at first glance.
Stainless steel appliances can add over $15,000 to your home's value. If you're planning on selling your home anytime soon, it might be time to upgrade your appliances to stainless steel. Stainless steel appliances will often make buyers think of high-end kitchens and may prompt them to offer more money than if they were seeing a kitchen with more traditional materials like laminate or granite countertops.
If you're buying a home and have gotten the clear to close from your lender, then CONGRATULATIONS! - all of your efforts to purchase your dream home are about to become a reality!
What they don't tell you is that there are a few actions that can bring this process to a complete HALT.
I'm here to let you know what these mistakes are so that you DON'T make them before you reach the closing table!
All of the following items are RED FLAGS for your lender and they could decline the transaction because of one of the items below happening right before buying your home:
Wishing you Every Success!
How Can I Balance Needs Versus Wants As I Home Shop? That is a great question.
Here's the trick to buying your best house: know what you need. Really, you only need a solid roof, good floors and walls, plumbing, heating, and lighting. Everything else is preference.
Imagine your dream home. Review each item that makes it ideal. Ask which items you could live without and which ones you would pay extra to have. Embrace delayed gratification. Items you want are often those you can add later. You can change features such as light fixtures, countertops and paint. Answering these questions can help you determine budgets for the home purchase and future renovations.
Make a list. Think about a home's different features: bedrooms, bathrooms, lighting, landscaping. List characteristics of each. Determine which ones you need to have, would like to have and don't want. This will help you avoid looking at homes you know don't interest you.
One of the things I advise my clients to do before beginning their home search is to establish their purchasing power by getting pre-approved with a reputable lender.
As a buyer, getting pre-approved for your home purchase—before actually starting your home search—is imperative because it allows you to determine what homes you can actually afford. You may be surprised to find that it is higher than you think! Getting pre-approved is also becoming a standard practice these days and puts you in a much more powerful position as a buyer when you bring an offer to the table; sellers are more likely to take your offer more seriously when it's backed by a pre-approval and they know you are well-qualified to purchase their home.
In addition to helping you determine how much house you can afford, your lender will show you a variety of different types of financing and how much you qualify for with each type; determine what your down payment will be based on your available funds; and determine what your monthly payment will be to ensure you are comfortable with your total monthly payment.
I would be happy to provide you with the name of a dependable lending professional. I know experienced and reliable loan agents and lenders whom I can recommend with confidence as they've always offered first-class service to my clients.
Buying a home is one of life's most important investments and exciting adventures. Whether you are a first-time or experienced buyer, it's important to spend some time preparing yourself before you start your search so you are aware of the potential pitfalls and stumbling blocks that may pop up during your path to homeownership success.[/caption]
Here are some things to keep in mind before and during your search:
With this checklist and the right market conditions, you are well on the road to home happiness. For additional information on the opportunities in today's market or for expert representation, contact me today.
7 REAL ESTATE FACTS YOU NEED TO KNOW
Buying a BRAND NEW home may seem daunting when you can get a resale for a couple hundred dollars less a month but let me tell ya, buying a new home can actually SAVE you money in the long run (plus a few other benefits!)
The word NEW is the key here because everything in a new construction home is brand new.
This includes a 1 year warranty on everything PLUS a 10 year structural warranty. This comes in handy when appliances break or the foundation of the home starts to shift. If you don't buy NEW, then you will have to pay out of pocket for those items. New construction homes are VERY low maintenance in comparison to buying a resale home.
When you buy a new construction home, you have the ability to have ALL or part of your closing costs paid, this saves you money INSTANTLY.
New construction homes are also energy efficient which means you will be saving LOADS of money on your electricity bill whereas a resale home doesn't offer this same benefit.
You can customize EVERYTHING when you build a new construction home - from flooring to backsplash to faucets and light fixtures. It will be custom tailored to YOUR liking and exactly how you want it.
No need to worry about replacing that hideous tile flooring throughout the kitchen of a resale home or updating light fixtures that are outdated.
Also - most new construction homes also come standard with SMART features which are very convenient in this day and age.
New construction communities offer other benefits like superior drainage, which makes it much less likely to flood compared to an older community.
Builders also don't sell to investors, so the newer community will retain its integrity for a longer period of time.
Most people who purchase a new construction home plan to live in that home rather than rent it out every year or so. This means that you'll get to know your neighbors and your property value is protected.
Ask me how we can get you into a new construction home today!
You've made the decision to sell, now what? What needs to be done?
Here's a few things to think about:
If you know the gutters are falling down and need to be tightened up, Do it! First impressions count and Curb Appeal is the first impression that someone has of your house. Take a good hard look at the exterior of the house and see what loose ends need to be fixed.
Let's just make this easy… Fix everything that needs to be fixed in order to sell. If you are questioning this or money is tight, let's chat. I'll come over and tell you what has to be done. FYI, if some items are not repaired, it may have to be reflected in your listing price.
You knew I was going to say this!
Too many people don't have the time or energy to do a full spring cleaning. Thankfully, a quick and simple home refresh will go a long way toward making your home look new without breaking the bank or your back.
In a Houzz article, Laura Gaskill outlines several easy ways to refresh your home for spring. For example, freshen up your entry simply by sweeping and mopping the front porch and adding a new welcome mat.
If you're fortunate enough to have a back entrance or mudroom, it's time to clear out all the remnants of winter. Consider adding extra storage with baskets, racks, or closet organizers to keep your newly tidied mudroom or entrance clutter free. And while you're decluttering, why not tackle clutter catchalls like junk drawers and countertops? You'll be able to find things again, and your space will feel brand new.
Can't remember when you last cleaned your light fixtures? You're not alone; most of us miss this step during regular dusting.
By wiping down neglected lamps and sconces (and those ever-so-dusty light bulbs), you'll lose the grime that's accumulated over many months (years?). Your living space will suddenly feel so much brighter and lighter you may decide to tackle your mirrors and inside windows next.
It needn't cost the earth (or take forever) to change up your décor. New paint is great, but you can achieve a similar result with less work by applying one of today's trendy large-scale adhesive murals to a blank wall. The result: an instant accent space that's easy to switch up when it's time for a change. And don't forget greenery-add plants and flowers to your living space for that instant spring feeling.
As you can see, spring cleaning no longer has to be intimidating. With these simple tweaks, your home will feel like spring before you know it.
Easy tip to sell your home!
Make your house smell amazing so people have a great first impression when they walk in. If you want to do this without using lots of chemically made fragrances then I recommend essential oils!
Using certified pure therapeutic grade (CPTG) essential oils allows for a pleasant aroma to linger throughout the space without irritating the nasal passages.
What types of essential oils you ask?
Lemon, Wild Orange and Peppermint!
If you are wanting to neutralize odors, try Purify.
Just a few drops in a diffuser and you've done the trick!
|Test smoke detectors||Monthly|
|Mechanical water softener||See manual|
|Drain off sediment from base of hot water tank||Monthly|
|Vacuum under refrigerator and dust condenser||Quarterly|
|Inspect bathtubs and sinks for caulking and leaks; repair as needed||Quarterly|
|Turn mattress, wash mattress covers||Quarterly|
|Clean oven||As needed|
|Check operation of water pump and sump pump, if applicable||Quarterly|
|Defrost manual refrigerator; or if automatically defrosted, wash off shelves and clean||when frost is 1/4" thick|
|Major cleaning||As needed|
|Review emergency procedures and practice fire drill||As needed|
|Survey carpet and flooring and clean as needed or quarterly||Quarterly|
|Change furnace filters||Monthly during heating season|
|Humidifier: thoroughly clean water in reservoir||Each week|
|Chimney cleaned for wood stove||As needed|
|Remove and store windows and doors||Annually|
|Window cleaning spring and fall||As needed|
|Window caulking (especially for air-conditioned rooms)||Spring and fall or as needed|
|Plans for outside care, such as washing or painting siding||Annually as needed|
|Defrost manual freezer annually||annually before new preservation seasons begin|
|Check home canned foods, plan meals to use remaining supply before fresh produce is available||Once in March or April|
|Clean, air, and store winter boots||Annually|
|lean all woolen clothing and store properly to prevent moths||Annually|
|Air winter coverlets and bedding before storage||Annually|
|Clean air conditioner filter||Monthly or as per manual directions|
|Clean home canned pantry area, arrange items on hand, and prepare space for additions||Annually|
|Check canning supplies and have dial-type gauge on canner tested for accuracy||Annually|
|Heating system services||before system is needed|
|Chimney cleaned for wood stove||See manual|
|Remove leaves from gutters||Once or twice during fall|
|Clean and store yard tools, discard or store yard chemicals properly||As needed|
|Clean fire extinguisher, refill or replace as needed||Annually|
|Turn off water to outside faucets (this is not necessary on those with extended line)||Annually|
|Sort, clean, pack, and store holiday items||Annually|
With a little bit of forethought, selling a home doesn't have to be a difficult process. Here are some things you should think about:
What needs to be done? Fix Repairs, Declutter etc… Staging. How can you stand out from the competition? Curb appeal, Move-in condition
Zestimate, Realtors. What you should be looking at.
1) Marketing Buzz
2) Someone to give you advice on which improvements to tackle
3) What the listing contact says and how it reads
4) Communication within 24 hours. What we expect of you … that you're flexible, try not be offended, and that you do respond and communicate as well.
Everything is Negotiable – Go through contract – Price, Closing time, possession time etc…) See if from the buyer's perspective (meeting of the minds) Results – What's your End Goal?
Ok, so that was just a tease because I am a great Realtor and I do hope you use me to help your sell home. What I will do, is say it like it is, give you all the information you need, and lead you through all the steps.
Let's face it, all you care about is that your home gets sold for top dollar, in your time frame, and with the least amount of hassle. Correct?
First Question… What is your time frame for selling? If you need to be at a new job in 60 days out of state, and once you receive an offer on your house (typical time frame is 45 days from start to finish), then there's not much time to do much of anything but put your home on the market.
Here's where a good Realtor comes into the picture. They should be able to answer the typical time frame for selling in your neighborhood, the best marketing strategy for selling, how the listing price will be determined, what the staging process looks like, the hurdles in selling your home, the best way to stay in contact with you. Their job is to take care of you their client and handle all these things that you may not have time to deal with.
If you would like some help, you have my number and email. :)
How are you going to find a buyer for your home? You need to think like a buyer. Put yourself in their shoes.
What are the buyers looking for? Does your home have those features? What type of buyer is the perfect fit for your home?
In order to think like a buyer, you need to know WHO that person may be? Does your home attract the first-time home buyer or someone looking for a second home? About how much they would have to make in order to buy your house at your price range? What makes them tick?
The Typical Buyer
Who is YOUR perfect buyer for your home?
What does YOUR perfect buyer need?
Are they looking for a certain school district?
How many beds/baths will they want?
Want a backyard?
Need a basement?
Want an updated or open kitchen?
They work from home and need great internet speed?
In the good ole days, we used to advertise in the newspaper. What's a newspaper, you say? Exactly! Now, it's a race to see who finds your home the fastest and what's the best way to market online?
There is a lot that goes into marketing your home. The goal is to give you the most exposure to drive up the price, to have you bank the most money! Creating a Marketing Buzz is the best way to get that result!
Contact me if you are interested in seeing how I create a "Marketing Buzz" around your home!
So, you've been thinking about selling your home but are questioning if NOW is the time to sell? How's the market? Is it a buyer's market, seller's market? Will my home sell quickly? Do I have enough equity? If I do sell, what's next?
First things first, the home selling process begins with the decision to sell. Here's what's funny. As a Realtor, we tend to forget how this process goes until we actually have to go through the home selling process ourselves. And while I know the ropes inside and out, it was still stressful, it was emotional, and it was a lot of work to get the home ready to sell BUT…
I sold my home three years ago after making the decision that it was too much work for me to maintain. I went through a divorce a few years back and held onto the house, for a secure place for my kids to come HOME to. Once, they graduated from high school and were heading off to college, I knew it was time for me to move on. It was my opportunity to pursue what I really wanted, which was a home on an all-sports lake. I have so many fond memories of going to my grandparent's cottage and spending time on the lake, that I know this is my dream home. My lifestyle changed. My kids moved out of the house. Now, it was time for me to pursue my dream home.
Start planning ahead…
One of my Favorite Life Hacks I use this life hack every year when I reset my goals. I absolutely love it! Thanks to Dean Grazoisi and his book Millionaire Success Habits.) Check it out…
Sometimes, we need to look at the bigger picture of life, and then make a plan to get there. I have the plan to get you where you want to go and lead you through the process!