Adding Home Additions
Room additions can add square footage and value to your existing home, without the additional expenses incurred in the purchase of a new home. This is especially attractive to growing families.
Most room additions consist of extending the size of your home by adding the new room to an exterior wall. Popular room additions are new bedrooms, dens, living rooms, dining rooms, and studies.
Other popular room additions include increasing floor space by adding a second story room to your existing home, sometimes called a "pop-top." This can increase the value, functionality, and comfort of your home, without robbing you of lawn or garden footage.
And yet more ideas for room additions are garages, carports, porches, decks, or sunrooms. In all instances, the value and equity of your home is increased along with its usability.
A well-planned and executed room addition can make a dramatic difference, both in the livability of your home, and in its value.
If you are thinking of adding onto your home, it's a great investment now and in the future. Enjoy the extra space you can utilize now and still get the added value in the future if you decide to sell your home.
Occasionally, one can see "For Sale By Owner" signs, and some owners think that selling their own home will not only save them money, but believe they have an advantage over the sellers that have their home listed by a reputable Real Estate sales professional. Before you decide to take on this very important and legally complicated process…remember not even most Real Estate Lawyer's recommend selling your own home yourself in today's market. Here are a few of the reasons why:
1. You are limiting your exposure to potential buyers (less than 10% of what a good real estate broker will generate) which theoretically means your home will take ten to fifteen times longer to sell on the market.
2. The longer a home is on the market the lower the selling price is. Why? Because most buyers think that if the home has not sold after this long... there must be something wrong with the home.
3. The selling/buying process begins AFTER the buyer leaves your home. Most sellers think that all it takes is for someone to see their home, fall in love with the great decor... and the offer automatically will follow. Remember that the buying process begins after they leave your home. If a real estate sales representative does not represent the buyer, and they are looking on their own…they usually leave the home and start to talk themselves out of the buying process. Real estate professionals are trained on how to overcome buyers remorse--a very common occurrence.
4. Because of the limited exposure you will very likely end up with a lower selling price. Remember, in order to generate the highest price possible for your home… selling means exposure. You need the maximum exposure possible, to generate the highest price possible.
5. Most buyers find it extremely awkward to negotiate or even to talk directly with sellers and therefore avoid FSBO properties.
6. Lack of negotiating experience and lack of pertinent information often will result in a lower selling price, or worse yet, a bungled contract and possible lawsuits.
7. The majority of qualified buyers are working with experienced real estate professionals.
8. Many serious buyers will pass by a FSBO home merely because they recognize that it is not in the real estate mainstream, this can some times make them wary.
9. As most local buyers now retain an experienced real estate sales person to represent them as their buyer-agency, you will probably be negotiating against an experienced professional.
10. Expected savings in broker's fees will also be greatly reduced if you offer a selling commission to entice real estate sales representatives to bring potential buyers.
11. If you are planning to use a Lawyer to help you negotiate the offer, then your lawyer's fees will be considerably higher.
12. Only real estate sales representatives have access to the up-to-date market information. News reports cannot approach the timeliness or specificity available to real estate sales people. Further, real estate sales representatives are involved in home sales much more frequently than the average homeowner is. This familiarity leads to a degree of expertise that provides an edge on negotiating and successful selling.
13. You only pay the commission to the real estate broker, if they successfully sell your home at the price you are happy with.
14. Accepting an offer is one thing, ensuring a safe and successful closing is quite another. Real estate transactions usually always have problems on closing. At times, expecting the Buyers and Sellers Lawyer's to fight it out or resolve the problems, can sometimes mean the deal is lost. This is the time that your experienced real estate professional, can be the most important. Your Real Estate professional can act as a great mediator. Lawyers MUST act only on their client's instructions and are not paid to negotiate.
Whether you are selling your home, or simply trying to improve your homes value, there is nothing that can improve the appearance of your home quite like the magic of curb appeal. Curb Appeal is not one single thing, but a collection of things that one can do to improve the overall appearance of their home. There are mostly concerned with the process of beautifying the facade and landscaping of a given home in order to draw more attention from buyers of simply to make you happier with your most precious asset.
An attention to the aesthetic values of your home can help you to realize a greater profit during the sales process. Here are some things to think about when setting out to improve your home's appeal.
Landscaping plays an important role in the visual appeal of your home. Stand out at the end of your driveway and assess the way your yard looks. Take into account all aspects as if you were seeing the home for the first time. Try to put yourself into the role of a prospective buyer. Now, what could use improving? Make a list as you survey the property, chances are things like, weedy gardens, un-trimmed edges on the lawn and un-pruned trees and shrubs will crop up on the list. Take some time and correct these things as they can go a long way towards drawing people to your home. Weedy gardens can be easily fixed with the use of mulches, these impair weed growth and look great. Take a trimmer and go around the edges of the lawn, then prune back those hedges. Giving the hedges a uniform cut really improves their appearance.
With the yard taken care of let's turn out attention to the house itself. As the central or focal point of the property, the house should be in pristine condition to capture the attention of prospective buyers. Starting with a new coat of paint is a good idea. Choice of color is important at this stage as you will want to choose a color that is attractive to a large number of people. It also might be worth your time and effort to resurface the driveway if the pavement or concrete is cracked or showing signs of wear. Additionally this is a good time to fix or replace any old or clouded windows. These are things that a prospective buyer will notice during the home inspection process.
Never forget that your home has to stand out amongst the many homes that are available on your local real estate market. If you see to it that you curb appeal is as good as it can possibly be, buyers will remember your home.
By Adeal Benhayoun
On average buyers visit 19 homes before putting in an offer to buy. What does this finding mean for sellers? There is more competition on the market than there was even 10 years ago. If you want to sell your house, you need to make it look its best in order to compete in the housing market (especially in Charleston, South Carolina's market). I have 7 rules that I follow to help sellers give their homes a competitive edge on the real estate market.
1. Give potential buyers curb appeal. A buyer's first impression is extremely important. When a buyer visits your house, the first thing he or she sees is the front of the house. So, make your yard, front door stoop, and walkway inviting. Keep your lawn mowed, plant flowers, spread pine straw on any beds you have, and trim the bushes.
2. Make any needed repairs. Don't worry about minor repairs like a cracked tile. Instead, focus on more obvious problems, like torn screening on a porch or walls in need of a fresh coat of paint. Even though the buyer will make a repair list before closing, it is better to go ahead and fix problems in your house that could put off potential buyers. Buyers want a house that looks like it has been taken care of.
3. Clean your home inside and out! Steam clean carpet stains, clean the inside and outside of windows, and dust even those hard-to-reach areas. Believe me when I say that potential buyers like to inspect the homes they visit!
4. Organize clutter. People love pictures and collectibles, but these things can make a house appear small and cluttered. Having some accessories is good - the right decorations can make a house feel like a home. Just remember, you want to make your house look spacious, clean, and organized.
5. Make colors and styles neutral. Even though some colors are cute, neutral colors are the safest. I have seen so many buyers get turned off by hot pink rooms or excessive decorative themes. Buyers want to picture the houses they visit as their own. When you choose neutral colors and styles, they are more likely to imagine themselves in your house (and more likely to buy your house).
6. Check your lighting. This rule may seem trivial, but buyers do not like dark houses. So, open curtains to let in natural light, and check all the bulbs in your light fixtures.
7. Clean up after pets. Try to keep your pets outside while your house is on the market, especially if you know that there will be a showing on a certain day. If your pets are inside-only, try to keep them out of the way and to keep loose fur to a minimum. Also, if you think your home has even a faint pet smell, get the floors and furniture cleaned before you put your home on the market.
Following these 7 rules can help sellers make their homes more marketable. Before you put your home on the market, be sure you can check all of these tasks off your list. If your home is already on the market, it is not too late to implement these rules. For each rule ask yourself (or an honest friend with an outside perspective of your house), "Am I doing everything I can do on this list?"
These are some great ways to improve the value of your home, whether you are selling it or just seeking to infuse some new life into it. Interior renovations do not need to be the daunting "tear out a room" experience that many people think of when renovations are mentioned. There are many smaller and simpler ways to improve the visual impact of your home. And, if the time comes that you choose to sell the home, you will realize a greater profit if some of the following are observed.
1. Hardwood or Laminate Flooring - Both hardwood and laminate flooring is extremely popular right now and looks to be for quite some time. It is much easier to keep clean than carpet and adds thousands to the value of your home.
2. Tile Accents - Tiling in rooms like the bathroom and kitchen as opposed to linoleum is not only visually impressive, but easier to keep clean. Also tile accents around the fireplace and front door are a great touch. If you don't have a fireplace add a small "firebox," these are beautiful little all in one fireplaces that simply plug into the wall.
3. Decks & Porches - Is the old deck a little run down? If so maybe its time for a resurfacing and a coat of paint. Decks and porches are a huge selling feature so they should be in tip top shape. If the deck is wood, a good power washing will do wonders for its appearance, after that, re-varnish and seal it to protect the wood.
4. Paint - This can apply to both the interior and exterior. If any of the rooms in your home a feeling a little drab, why not spice them up with some new paint. Its a good idea to not be too adventurous with the colors if you are planning to sell the home, in this case neutral colors are best. On the exterior, new paint can make a world of difference. The right paint job can take years off the appearance of a home.
5. Landscaping - Landscaping it vital to the appearance of your home. If there age bushes and trees in front of your home, are they hiding it too much? Could the gardens use a little TLC? There are few things that can make a home more inviting than a well manicured yard.
6. General Cleanliness - This is one of the most important factors in the curb appeal of your home. A cluttered and untidy yard can cause potential buyers to move right past your home if the curb appeal is not up to par. You want people to be drawn into your home, to take notice and want to see more.
These things should be of great help in increasing your homes value, for sale or just for your own pleasure. Don't forget that doing these things to your home will only improve the value of your investment in the long run.
By Dennis Pease