4 Things That Will Lower The Price of Your Home

Homes are one of the biggest purchases and investments for most people, so it is prudent that they would want to protect them at all costs. As a responsible homeowner, it is your duty to boost your home’s value and protect it from factors that may devalue it inadvertently or otherwise. Whatever measures you take to improve your home’s value, it pays to understand the factors affecting your property’s bottom line.

illustration of house on top of a downward arrow
 

Comparable Listings and Foreclosures

The housing market experiences cycles of highs and lows. If you have tried selling a home during one of the housing market’s lows, then perhaps you are familiar with how difficult it can be to unload a home in a market congested with sellers.

Generally, the more comparable listings in your home’s market, the lesser your property’s value. This phenomenon gets even worse when buyers are scarce, and your property is located in a neighborhood plagued with foreclosures.

Industry reports suggest that each foreclosed house will cost houses within 250 feet roughly 1% of their value. Even worse, foreclosed homes tend to stay vacant, and multiple foreclosures might imply that a neighborhood is prone to general unpleasantness, depreciation, and vandalism.

Deferred Maintenance

When taking a random stroll around your neighborhood, what is the first thing that catches your eye? You (and potential buyers) may have first impressions of a home’s value based on its exterior, including the paintwork and yard. If keeping your house coated freshly and maintaining the yard is not high on your list of priorities, then you may be letting your property’s value plummet unknowingly.

Curb appeal is a deal-breaker for many homebuyers and one of the more manageable ways of improving your home’s value. Besides repairs such as damaged siding and a leaky roof, some maintenance issues you should watch out for include:

  • Fence quality
  • Landscaping trends, e.g., the type of plants in your yard
  • Paintwork
  • Artificial installations

Bad Neighbors

Although somewhat overlooked, homebuyers may assess a house’s value based on their interactions with potential future neighbors. If it becomes apparent that you have bad neighbors, many buyers may offer lower prices for your property or pass it altogether.

Older buyers, in particular, may also be on the lookout for annoying pets or machinery within earshot and nearby unkempt lawns. Living less than a tenth of a mile to a registered sex offender can also reduce your property’s value by up to 10%, especially if the potential buyers have young children.

Mold

Mold can be a big problem in any home if it’s not addressed promptly. Visible or not it will drive down the price of your home in a hurry if it detected during a home inspection. Hire a mold remediation company to locate and abate any dangerous mold existing in your home.

Final Thoughts

Numerous factors go into your home’s worth – location, number of rooms, square footage, and many more. Although some aspects are beyond your control, it pays to know how much your property is worth and what you can do to prevent its depreciation.

5 Things You Must Do Before Putting Your House in the Market

Listing your house and finding the perfect buyer can be a mind-boggling task for home sellers. Adequate preparation before the listing can make the selling process appear effortless. The following are things to do before selling your house.

house with for sale sign in the foreground

1. Understanding Your Local Housing Market

Before making a home seller checklist:

  • Ensure you get the value of your house first. You can do this by researching the local housing market through online platforms.
  • Look at comparable sales in your neighborhood to establish the appropriate pricing for your property.
  • Consider the recent upgrades of your house, backyard space, square footage, location, and the number of rooms when computing your house’s value. Once you establish the current value, you are informed if you need to make upgrades to boost the selling value.

2. Hire a Competent Professional Real-estate Agent

Ensure that you hire an agent who is knowledgeable about your specific housing market. When interviewing a listing agent, be sure to ask about their experience in your neighborhood and recommendations from previous clients.

Professional real estate agents have knowledge and experience regarding the housing market. They will keep you updated regarding the current market trends and find you the best possible deal. Moreover, they will help you establish your house’s real value based on the economic indicators and the current housing market.

3. Make Home Improvements

Home inspection report tends to influence the buyer’s purchase decision. A negative report scares away buyers and reduces the value of the house significantly. Thus, making essential home improvements should be a top priority before listing your house. You can achieve this by doing the following:

  • Testing the electrical outlets
  • Refreshing the paint
  • Mend cracked walls
  • giving your home a deep clean
  • Fixing leaky faucets
  • Ensure toilets are running smoothly
  • Fixing broken appliances
  • Getting new bathroom tiles
  • Improve kitchen cabinets

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4. Consider Your Curb Appeal

The first impression that your house makes may attract or scare away buyers. By investing in relatively easy fixes, such as planting colorful flowers, a fresh layer of paint, and new shutters, you increase the chances of attracting prospective buyers.

Additionally, creating your curb appeal increases the value of your house by 3%. If you are not sure how to improve your home’s curb appeal, contact your real estate agent for advice regarding current home exterior improvement trends.

5. Conduct Home Inspections

The seller’s home inspection report is essential since it helps you establish the areas needed for improvement. You can do your own home inspection, although, you might miss some critical elements that professional inspectors can pinpoint.

The highlighted tips will help you with the home selling process and may attract many prospective buyers. Thus you increase the chances of increasing the best possible deal for your house.

Top Paint Choices for Office and Commercial Spaces

 

A lot more thought should go into the color you paint your office than what you paint your walls at home. Choosing something that is aesthetically pleasing for the office is still one of your goals; however, it takes a backseat to choose colors that promote increased productivity.

 

Colors have been found to increase or create emotions in humans by the University of Rochester. For example, greens and blues are generally known to increase energy; however, this isn’t the type of feel you want for an office space. It is also ill-advised to paint the walls of an office any bright color because it simply doesn’t represent the aesthetic that an office space should have. So what are good colors for office space?

Best Paint Colors for the Office

 

Yellow

More specifically, a white with a stronger yellow undertone. Shaded White by Farrow & Ball is perfect here. Yellow is shown to stimulate emotions that could lead to more creative ideas. It is also generally a happy color. Avoid any brighter shade of yellow. It won’t embody the mood you’re going for.

 

Blue-Gray

If professionalism is what you want your walls to represent then blue-gray is an obvious choice. Gentleman’s Gray by Benjamin Moore is a great example of a blue-gray that exudes the professional vibe you may need. It contains the perfect blend of seriousness but doesn’t bring down the mood like a plain gray might.

 

Brown

Depending on the type of job, brown could be perfect. It is perfect for law firms because it brings a feeling of legitimacy to the office. Tudor Brown by Benjamin Moore provides the exact feeling any law firm should exude.

 

White

Some businesses will benefit from white walls. White gives people a feeling of urgency. It could be perfect if you are an office space that sees lots of customers and visitors. White promotes people to get in, do what they need, and get out. It could get customers out of the door faster on a busy day. Strong White by Farrow & Ball and Super White by Benjamin Moore are two distinct whites that are worth checking out. Pointing by Farrow & Ball is a great off-white that will still promote that urgency you may need without making it look like a doctor’s office.

 

Conclusion

 

As you can see, the colors of your walls could change the entire atmosphere of your office space. It’s okay to break from the normal colors you may see if your office space is used for the entertainment industry or similar. For example, a talent agency office could elect to use brighter colors than an accounting firm. Professional painters may have some good ideas for you as well. 

What does “Curb Appeal” mean?

 

Curb appeal is a term for how attractive the frontage of a house is when it’s viewed by a passerby from the sidewalk. The passerby might be someone simply walking down the street or a person who is in the market for a new house, and that’s one thing that makes curb appeal important. Curb appeal alone can add value to a house.

Many homeowners improve their house’s curb appeal for reasons other than increasing its resale value. Some people simply want to engage in a home improvement project that makes their home more aesthetically pleasing. Others, frankly, want their house to stand out from the other houses in the neighborhood. Some homeowners add curb appeal because their homeowner’s association has informed them that their house and yard are not quite up to snuff.

 

Improving Curb Appeal

Improving a house’s curb appeal is only limited by the homeowner’s imagination and, of course, their budget. Following are some of the many things that improve curb appeal:

 

Plants and Flowers

Installing plants and flowers around the front of the house is an easy way to enhance curb appeal. Ideas can range from planting a garden in the front yard, planting colorful annuals in window boxes, adding plants with interesting colors and textures as foundation plants, or training vines up trellises. Other ideas are to purchase urns or other types of containers, fill them with plants, and put them on the ends of the front steps or place them on either side of the doors.

 

Keep it Clean and Tidy

Eliminate clutter and keep up with landscaping. Nobody likes to see junk in the yard or overgrown shrubbery. Clean the exterior regularly, including siding, gutters, driveways, and roofs. A pressure washing service can be extremely helpful for this and save you headaches and time.  Go to https://eliteexteriorsolutionsmn.com/ for more information.

 

Smarten Up the Front Door

Even from the sidewalk, the front door is what a passerby first notices about a house. Sometimes all it takes to improve its look is to give it a fresh coat of paint. Indeed, many home decorators urge that homeowners choose bright, bold, primary colors such as fire-engine red, cobalt blue, or sunny yellow. Other homeowners replace their old door or even simply replace the rusted and uninspiring hardware on an old one.

 

Add New Hardware Overall

The front door may not be the only element that could use new hardware. An interesting pendant lamp on the roof of the porch can replace a boring sphere made of glass or porcelain. House numbers that can barely be read from the street can be replaced with huge, unignorable numbers made of wrought iron or other metal. The homeowner also shouldn’t forget their mailbox. A standard mailbox is serviceable, but there are mailboxes that are not only serviceable but attractive. Many are even quirkily attractive, such as a mailbox made to look like an old, cast iron stove. Even planting flowers around a standard-issue mailbox does much to beautify it.

Exterior Cleaning Advice for HOA Members

When many people clean their homes, they only focus on the inside of it. However, it is just as important for you to clean the outside of your home. You could get in trouble with the Homeowner’s Association if your home is not well-maintained. There are several ways that you can keep the outside of your home looking great.

 

row of clean exterior homes

 

Clean Out the Gutters

You will need to clean and inspect your gutters at least once a year. If your gutters do not receive regular maintenance, then your roof can suffer damage. Before you clean your gutters, you will need to remove the debris. You can use a plastic gutter scoop. You can also use a leaf blower.

 

After you have removed all of the debris, you can take a garden hose and rinse out the gutters. If there are any leaks in your gutters, then you will need to have them repaired.

 

Remove the Stains From Driveway

 

Your driveway is prone to staining. Oil and antifreeze can cause stains to develop on your driveway. Your driveway can also be stained by fungus, mold, and mildew. That is why you will need to clean your driveway on a regular basis.

 

Bleach is effective for removing just about any stain. You will need to apply it to the stains and let it sit for a few minutes. Scrub the area after you have applied the bleach.

 

Use a Pressure Washer

 

One of the best things that you can do to keep the outside of your home clean is to pressure wash it. However, before you pressure wash your home, you will need to make sure that the settings are correct. The material that your siding is made out of will determine what pressure setting you will need to use.washing concrete steps

 

Pressure washing will remove mold, algae, and moss from your home. It will also remove dirt and grime. You can also pressure wash decks, patios, and porches. Look into hiring a professional. This could save you time and aggravation going forward.

 

Clean the Windows

 

Window cleaning can be a boring chore. However, it is important for you to wash your windows once or twice a year. If you live near a dirt road, then you may have to wash your windows more often. Washing your windows will make your entire home look better. You can use a squeegee and soapy water to clean the windows. You can also use a water hose to clean the windows.

Home Staging Tips and Tricks

 

Deciding to put your home for sale comes with responsibilities. It is best to make the potential buyer see more than enough to purchase the house. To create the wow factor for the potential buyer, you will need to enhance its look by adding more creativity to improve its appeal, increase its market value, and make it sell faster.

 

While getting into the compound creates an impression through curb appeal, you also need to improve the home interior. In most cases, when you have to sell the house online, potential buyers would mostly focus on the interior. Below are tips and tricks to stage your home for the next dollar.

 

Carry Out Repairs

Covering up holes, scratches, and other old spaces in the house are the fastest way to improve the home appeal and create a quick sale. Check out every room that needs patches, repair, and do touch-ups. You may also consider painting the home, and it would be best if you focus on only the chipped up areas. You may also need to apply two paint coats to cover up the areas fully.

 

Clean Thoroughly

Nobody wants a dirty home, and cleaning it well is an essential element that improves the home appearance. Create time to clean every room, moving step by step as you clean up every corner of the house as you remove dirt. Focus mostly on the walls since they hide a lot of particles. Be sure that upholstery and carpets are clean and fresh.

 

Go to the bathroom and the restroom, cleaning up with scented products to leave fragrance smell.Ensure that the tile is sparkling! Beware of smelly rooms and pet odors as they leave back a lousy indicator to the buyer and may turn them off from buying the house. Go to asapcarpetcleaningbend.com if you want to learn more.

 

Clear off Clutter

A cluttered room makes the house smaller, even though it is significant. Clearing up the clutter would make the room appear larger, and that is what every buyer wants to see. It is the space that sells, and it is what will guide you in creating a plan and determining the house value. So, ensure you remove every non-essential item that consumes space in the house.

 

Get New Window Treatments

You will need to replace your window drapes with new ones. Go for luxury and high quality, modern and breezy selections like silk and velvet. There are various colors and styles, choose the one that complements the interior to give an architectural appeal.

 

Choose longer ones that go down to the flow and should also be stiff. When fixing them up on the windows, ensure you fit up neatly and adequately to suit the window’s size and make space appear taller and homey.

 

Add Mirrors

A home without a mirror has less to no sense of style. Apart from making the home stylish, mirrors make the space reflective and make a smaller room appear larger and brighter. You can choose customized marrows with good artwork and sizable for space.

 

Summary

You don’t need to break your bank when staging your home. You only need to be a little more creative 

and watchful of every place that needs a touch. Proper staging will make your home a desirable place by a potential buyer, and you will have fewer hustles of creating sale advertisements.