January 23rd, 2008 categories: Design, Home Buying, Home Ownership, Home Selling, Real Estate, Trends
According to Iconoculture’s latest consumer observations newsletter, a backlash against Mansion Mania is taking place in America and is seeking to put the squeeze on house size. Here’s what they say is happening and their comments about what this means to business…
WHAT’S HAPPENING
|
WHAT THIS MEANS TO BUSINESS
|
| Discussion: No Comments »
January 21st, 2008 categories: Design, Home Selling
You’ve all had that experience with a client where you drive up to a house and they don’t even want to go inside. It’s an immediate “un-appeal.” You may know the inside of the house shows much better, but you just can’t convince them to spend the time to even go inside. In today’s market where lots of choices in housing are available to the buyer, why should they?
RISMedia offers us some easy, inexpensive fixes that will help create that outside appeal and get you one giant step further to a sale.
1. Paint or stain the front and garage doors, especially if they show any weathering. These are the first visuals where a potential buyer focuses. If garage doors are metal and dented, they may need to be replaced.
2. Any old, basically abandoned sheds or small structures, must be removed, the area graded and the grass replaced.
3. Change any dated, outside light fixtures.
4. Fix that driveway. If it is blacktop, make sure cracks and crumbling areas are dug out and filled and then the whole driveway sealed. If it is cement, have large cracks filled and repaired professionally. The buyer must at least feel they can drive the moving truck in confidently!
5. Make sure landscaping bricks are in their proper placement. Mowing, weed-whipping sometimes moves them and this is something the homeowner rarely notices, but makes the property look unsightly.
6. Fill in bare dirt under large shade trees. Plant shade-tolerant plants in defined planters or groundcover. Landscape properly for that area.
7. All landscaping beds should be cleaned out and updated for the time of year it is in your region. Place new bedding material down.
8. Have trees and bushes pruned and trimmed. If a bush or tree is looking old or about to expire, remove it and replace it with a similar size and type if you can. If there is a tree limb(s) over the roof, have them removed.
9. If the house needs painting and a full paint job is not in the cards; have it touched up professionally in the worst, most visible spots. Paint shutters and fix them if they are hanging crooked. At least this may help get your client in the front door, even if they negotiate a full paint job into the sale later.
10. If the house is sided, have it power-washed and have gutters and windows cleaned. Window cleaning inside and out makes the house feel updated and fresh, rather than old and dingy.
11. Make sure grass is in good shape, weeds are removed, trimming done regularly. So many sellers fall down on this job the minute the house is listed, and this is critical to selling a house quickly, especially one where the owners have already moved out. In snowy climates, removal must be done regularly too. If owners have moved out, make sure you have an HWA Home Warranty to re-assure buyers.
12. Keep garbage and recycle containers inside the garage, along with all toys and equipment. Make sure the garage is neat and organized. Painted walls and floors also go a long way in this area and are inexpensive to do.
13. Decks should be washed and repainted or re-sealed; plantings around them cleaned, weed-free and looking good. Patio furniture should be in excellent condition. Even though it is in the backyard, this is the area where the family can envision enjoying the warm days and the new yard.
14. If the roof has missing shingles and they can be replaced inexpensively, suggest this be done as it may save negotiation over a completely new roof. Roof repair needs and costs should be minor or the homeowner might as well replace the entire roof.
15. If the homeowner wants to do a bit more, suggest solar lights lining the driveway or installing a more attractive front door with lead glass inserts and replacing plain doorknobs with something more custom.
16. If you have an evening showing, make sure lights are on outside and inside the house. This is warm and inviting.
17. If it’s a holiday season, by all means decorate the home! Just like sugar cookies or vanilla scent on the inside of the house, this really says “it’s a home” and I can see myself enjoying life here! In the least, always have some greenery or flowers for the season on the front step or porch; even a birdbath with a little garden around it says home.
Remember, most home buyers cannot visualize even these simple changes and clean ups in a house and the ones who can, will be looking for a reduced price. So to sell the house at top dollar and quickly, make it “appeal” to the many who will be seeing it rather than the few who are looking for a “fixer upper.” These people know what they want, go after it and need less assistance.
Finally, have neighbors or friends look at the finished results to see if you or the home owner has missed anything key that would be quick and easy to do. Use this article in your listing presentations so they can get started right away on these easy, inexpensive fixes and adapt the ideas to their home. When that home looks fabulous, update that picture on the Internet! This is especially important if the season has changed too and it’s a reward to your client too! Story
| Discussion: No Comments »
January 15th, 2008 categories: Design, Finances, Home Selling, Investments
We’ve all seen those fashion faux pas: muscle shirts that only accentuate middle-age spread, or tight, low-cut jeans that turn soccer moms into muffin-top casualties.
According to MSN Real Estate and bankrate.com, you can make a home unfashionable in the same way by choosing the wrong pre-sale improvements.
Few real-estate agents will object to any upgrades made to your house prior to putting it on the market. But rushing ahead with improvements you think will elevate the asking price can seriously deplete financial reserves that should be used to fix more fundamental flaws.
Making targeted improvements
There are age-appropriate makeovers based on the vintage of your home that may yield a faster sale at a better price. Such targeted improvements also save you money when compared to full-monty, state-of-the-art renovations throughout the home.
A great starting point, says Sid Davis, a Salt Lake City real-estate broker and author of “Home Makeovers That Sell,” is to spring for a pre-sale home inspection. At an average cost of $300 to $350, you can find your home’s flaws, have a handyman fix them and document the work in a pre-sale buyer’s folder.
And to uncover the top age-appropriate home improvements and repairs, Bankrate asked Combs, LeForce, Davis and Wendy Patton (co-author of “Making Hard Cash in a Soft Real Estate Market“) to share their suggestions for houses by era: pre-1960s, 1960s, 1970s, 1980s and 1990s. Here’s a quick list of upgrades for the ages and what you should look for first to avoid a home-makeover misstep:
Read on for the full story and further explainations.
| Discussion: No Comments »
January 14th, 2008 categories: Finances, For Fun, Home Buying, Home Ownership, Home Selling, Investments, Real Estate
According to the folks over at Springwise, consumers who want the luxury of having a second home at the beach or in the mountains, but don’t have the money to plunk down on the choicest properties, now have an appealing alternative: half ownership. Like other shared ownership ventures, Halfshare.com gives customers the chance to get a piece of the good life, but at a much lower cost. Unlike traditional timeshares, which pioneered the concept of fractional ownership, Halfshare.com buyers aren’t purchasing time in a hotel or resort, but an actual home—and all the benefits that go with owning it. Along with sharing costs, buyers share profits if the value goes up. And depending on the terms both owners agree to, the property may generate rental income, too.
Getting started is as easy as logging onto Halfshare.com, where members can browse listings of available properties throughout North America. Halfshare.com can match them with other prospective buyers based on tastes, backgrounds, interests, hobbies and lifestyles through the Buyer Match Plan. Potential co-owners can arrange to meet one another online, by phone or in person to determine if they’d make a good match. Once buyers select a property, Halfshare.com’s Tenants-in-Common Agreement takes care of all the details, formalizing legal concerns and each owner’s rights. “It spells out what is expected in terms of financial arrangements, seasonal time sharing, rental revenues, re-sale, property maintenance and repair, among other pertinent details.”
Although the real estate market is currently in a bit of a slump, demand for sandy beaches, mountain air, cultural attractions and picturesque scenery isn’t likely to wane any time soon. Which means that making vacation homes affordable, fraction by fraction, could be a worthwhile start-up in almost any region frequented by tourists looking to make themselves at home.
| Discussion: No Comments »
