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2023-07-27T13:30:59-07:00
tag:exitrealtypalmbeach.com,2012-09-20:38087
Renovate or Relocate? 3 Questions To Help You Decide
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Renovate or Relocate? 3 Questions To Help You Decide
Does your current home no longer serve your needs?
If so, you may be torn between relocating to a new home or renovating your existing one. This can be a difficult choice, and there’s a lot to consider—including potential costs, long-term financial implications, and quality of life.
A major remodel can be a major commitment. From hiring contractors to selecting materials to managing a budget, it can take a tremendous amount of time and energy—not to mention the ordeal of living through construction or relocating to a temporary residence.<br /><br />On the other hand, moving is notoriously taxing. In fact, in one survey, 40% of respondents viewed buying a new home as ”the most stressful event in modern life.”1<br /><br />So which is the better option for you? Let’s take a closer look at some of the factors you should consider before you decide.
What Are Your Motivations for Making a Change?
It’s possible that some of the limitations of your current home can be addressed with a renovation, but others may require a move.
Renovate
Certain issues, like dated kitchens and bathrooms, are fairly easy to remedy with a remodel—and the results can be dramatic. In many cases, a relatively minor renovation can significantly increase your enjoyment of your home.
Other shortcomings can be more challenging to fix but are worth exploring so that you know your options. For example, if your home feels cramped or it lacks certain rooms, you might be able to make changes like installing an extra bathroom, adding a dedicated office, or finishing an attic or basement. You may even be able to build an accessory dwelling unit or extension to accommodate a multi-generational family.
In fact, many Americans have remodeled their homes to meet changing needs since the start of the pandemic. According to the National Association of the Remodeling Industry, 90% of their members reported increased demand for renovations starting in 2020, and 60% reported that the scale of remodeling projects has grown.2
However, the feasibility and cost of these larger changes will depend on factors ranging from zoning and permitting to your home’s current layout. Speaking with an architect or a contractor can help you make an informed decision. Let us refer you to one of our trusted partners to ensure you receive the best possible service.
Relocate
Of course, sometimes, even rebuilding your home from the ground up wouldn’t solve the problem. For example, moving may be the only solution if you’ve switched jobs and now face a lengthy commute or if you need to live closer to an aging family member.
Conversely, if the shift to remote work has opened up your location options, you may wish to seize the opportunity to relocate to a new locale. A 2022 study found that nearly five million Americans had already moved since the start of the COVID-19 pandemic due to increased flexibility from remote work, and nearly 19 million more were planning to move in the near future for the same reasons.3
Moving may also be the best option, even when you’re happy with your geographic location. A local move may make sense if you’re looking for a larger backyard or significantly more space. Similarly, some frustrations—like living on a busy street or a long way from a grocery store—can’t be addressed with a renovation. We are well-versed in this area and can help you determine whether another neighborhood might suit you and your family better.
Which Option Makes the Most Financial Sense?
Renovating and relocating both come with costs, and it’s wise to explore the financial implications of each choice before you move forward.
Renovate
The costs of a renovation can vary widely, so it’s vital to get several estimates from contractors upfront to understand what it might take to achieve your dream home.
Be sure to consider all of the potential expenditures, from materials and permits to updates to your electrical and plumbing systems. It’s also prudent to add 10-20% to your total budget to account for unexpected issues.4 If you plan to DIY all or part of your renovation, don’t forget to factor in the value of your time.
Renovations can also come with hidden expenses. These might include:
Additional home insurance
Short-term rental or hotel if you need to move out during the renovation
Storage unit for possessions that need to be out of the way
Dining out, laundry service, and other essentials if you can’t access appliances at home
Remodeling choices can also impact the long-term value of your home. Some projects may increase your home’s value enough to outweigh your investment, while others could actually hurt your home’s resale potential.
For example, although you may enjoy the additional living space, garage conversions aren’t typically popular with buyers.5 Refinishing hardwood floors, on the other hand, brings an average return of 147% at resale.2 The specific impact of a renovation will depend on a number of factors, including the quality of work, choice of materials, and buyer preferences in your area. We can help you assess how a planned project is likely to affect the value of your home.
Relocate
The cost of a new home, of course, will vary significantly depending on the features you’re seeking. However, you may find that it’s cheaper to move to a home that has everything you want than it is to make major changes to your existing one.
For example, adding a downstairs bedroom suite or opening up a closed floor plan could cost you more than it would to buy a home that already has those features. On the other hand, simpler changes and updates probably won’t outweigh the expense of a relocation.
If you’re considering a move, speak with a real estate agent early in the process. We can assess your current home’s value and estimate the price of a new home that meets your needs. This will help you set an appropriate budget and expectations.
It’s important to remember that the cost of buying a new home doesn't end with the purchase price. You’ll also need to account for additional expenditures, including closing and moving costs and the fees involved with selling your current home. And don’t forget to compare current mortgage rates to your existing one to understand how a different rate could impact your monthly payment.
However, keep in mind that the interest rate on a mortgage is typically lower than the rate on other loan types—so you could pay less interest on a new home purchase than you would on remodel.6 We’re happy to refer you to a lending professional who can help you explore your financing options.
Which Option Will Be the Least Disruptive to Your Life?
A final—but critical—consideration is the time and hassle involved with each option since both renovating and relocating involve a significant amount of each.
Renovate
Don’t underestimate the time and effort involved in a large-scale renovation, even if you choose to hire a general contractor. You will still need to consider and make a number of decisions. For example, even a fairly basic kitchen remodel can involve a seemingly-endless selection of cabinets, tile, countertops, paint colors, fixtures, hardware, and appliances.
And don’t assume that you will get out of packing and unpacking if you stay in your current home. Most renovations—from kitchens to bathrooms to flooring replacement—require you to remove your belongings during the construction process.
The time frame for a remodel is another consideration. High demand for contractors and ongoing material shortages can mean a long wait to get started. And once the project is in progress, you can expect that it will take a couple of weeks to several months to complete.7
Contemplate whether you will be able to live in your home while it’s being renovated and how that would impact your routine. For example, being without a functional kitchen for months can be frustrating, inconvenient, and expensive (since you’ll need to purchase prepared food). Remember that delays are inevitable with construction, and consider what additional challenges they could present.
Relocate
Of course, finding a new home and selling your current one also takes a significant amount of time and energy. According to the National Association of Realtors’ 2022 Profile of Home Buyers and Sellers, the average buyer searched for 10 weeks and toured a median of five homes.8
However, in many cases, the timeline can still be shorter than a major renovation. Once you find a home that works for you, it typically takes between 30 and 60 days to close if you’re taking on a mortgage—and the process is even faster if you’re paying with cash.9 Plus, you can look for your dream home without the inconvenience of living in a construction zone.
However, a move comes with its own stress and disruptions. If you’re selling your current home, you’ll need to prep it for the market and keep it ready and available for showings. Once you’ve found a place, the packing and moving process takes time and work, as does settling into a new home—especially if it’s in a different neighborhood.
Fortunately, we are here to help make the moving process as easy as possible, if you choose to pursue that route. We can help you find a property that meets all your needs, sell your current one for top dollar, and refer you to some excellent moving companies that can help pack and transport your belongings.
WHATEVER YOU DECIDE, WE CAN HELP
The decision to renovate or relocate can be overwhelming—but this choice also presents a powerful opportunity to improve your quality of life.
There’s a lot to consider, from how renovations could impact your home’s resale value down the road to your neighborhood’s current market dynamics. We’re happy to help you think through your options. Get in touch for a free consultation!
The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.
Sources:
HousingWire -<br /><a href="https://www.housingwire.com/articles/46384-americans-say-buying-a-home-is-most-stressful-event-in-modern-life/">https://www.housingwire.com/articles/46384-americans-say-buying-a-home-is-most-stressful-event-in-modern-life/</a>
National Association of the Remodeling Industry -<br /><a href="https://cdn.nar.realtor/sites/default/files/documents/2022-remodeling-impact-report-04-19-2022.pdf?_gl=1*3pfs0m*_gcl_au*NTU2MDQ0MzAyLjE2ODMyMzgzMTY">https://cdn.nar.realtor//sites/default/files/documents/2022-remodeling-impact-report-04-19-2022.pdf?_gl=1*3pfs0m*_gcl_au*NTU2MDQ0MzAyLjE2ODMyMzgzMTY</a>
Business Insider -<br /><a href="https://www.businessinsider.com/5-million-people-moved-because-of-remote-work-since-2020-2022-3">https://www.businessinsider.com/5-million-people-moved-because-of-remote-work-since-2020-2022-3</a>
Forbes -<br /><a href="https://www.forbes.com/home-improvement/contractor/home-renovation-costs/">https://www.forbes.com/home-improvement/contractor/home-renovation-costs/</a>
U.S. News & World Report -<br /><a href="https://realestate.usnews.com/real-estate/articles/10-home-renovations-that-can-decrease-the-value-of-your-home">https://realestate.usnews.com/real-estate/articles/10-home-renovations-that-can-decrease-the-value-of-your-home</a>
Bankrate -<br /><a href="https://www.bankrate.com/mortgages/mortgage-vs-home-equity-loan/#differences">https://www.bankrate.com/mortgages/mortgage-vs-home-equity-loan/#differences</a>
House Beautiful -<br /><a href="https://www.housebeautiful.com/home-remodeling/a25588459/home-renovation-timeline/">https://www.housebeautiful.com/home-remodeling/a25588459/home-renovation-timeline/</a>
National Association of Realtors -<br /><a href="https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers">https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers</a>
Forbes -<br /><a href="https://www.forbes.com/advisor/mortgages/how-long-does-it-take-to-close-on-a-house/">https://www.forbes.com/advisor/mortgages/how-long-does-it-take-to-close-on-a-house/</a>
2023-07-01T11:35:00-07:00
2023-07-27T13:30:59-07:00
Adrian Ruiz Trelles
tag:exitrealtypalmbeach.com,2012-09-20:28323
Seller’s Checklist: A Timeline to Prep Your Home for Sale
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Seller’s Checklist: A Timeline to Prep Your Home for Sale
We’re still in a seller’s market, but that doesn’t mean your home is guaranteed to easily sell.1 If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market.
Start by connecting with a real estate agent as soon as possible. Having the eyes and ears of an insightful real estate professional on your side can help you boost your home’s appeal to buyers. What’s more, beginning the preparation process early allows you to tackle repairs and upgrades that can increase your property’s value.
Use the checklist below to figure out what other tasks you should complete in the months leading up to listing your home. While everyone’s situation is unique, these guidelines will help you make sure you’re ready to sell when the time is right. Of course, you can always call us if you’re not sure where to start or what to tackle first. We can help customize a plan that works for you.
<br />AS SOON AS YOU THINK OF SELLING
Some home sellers want to plan their future move far in advance, while others will be required to pack up on very short notice. Whatever your circumstances, these first steps will help assure you’ll be ahead of the listing game.
● Contact Your Real Estate Agent
We go the extra mile when it comes to servicing our clients, and that includes a series of complimentary, pre-listing consultations to help you prepare your home for the market.
Some sellers make the mistake of waiting until they are ready to list their home to contact a real estate agent. But we’ve found that the earlier we’re brought into the process, the better the result. That often means a faster sale—and more money in your pocket after closing.
We know what buyers want in today’s market, and we can help devise a plan to maximize your property’s appeal. We can also connect you with our trusted network of contractors, vendors, and service professionals, so you’ll be sure to get the VIP treatment. This network of support can alleviate stress and help ensure you get everything done in the weeks or months leading up to listing.
● Address Major Issues and Upgrades
In most cases, you won’t need to make any major renovations before you list. But if you’re selling an older home, or if you have any doubt about its condition, it’s best to get us involved as soon as possible so we can help you assess any necessary repairs.
In some instances, we may recommend a pre-listing inspection. Although it's less common in a seller's market, a pre-listing inspection can help you avoid potential surprises down the road. We can discuss the pros and cons during our initial meeting.
This is the time to address major structural, systems, or cosmetic issues that could hurt the sale of your home down the line. For example, problems with the frame, foundation, or roof are likely to be flagged on an inspection report. Issues with the HVAC system, electrical wiring, or plumbing may cause the home to be unsafe. And sometimes outdated or unpopular design features can limit a home’s sales potential.
Remember, when you’re dealing with major repairs or renovations, it’s best to give yourself as much time as possible. Given rampant labor and material shortages, starting right away can help you avoid costly delays.2 Contact us so we can guide you on the updates that are worth your time and investment.
<br />1 MONTH (OR MORE) BEFORE YOU LIST
Once any large-scale renovations have been addressed, you can turn your attention to the more minor updates that still play a major role in how buyers perceive your home.
● Make Minor Repairs
Look for any unaddressed maintenance or repair issues, such as water spots, pest activity, and rotten siding. This is the time to take care of those small annoyances like squeaky hinges, sticking doors, and leaky faucets, too.
Many of these issues can be handled by going the DIY route and using a few simple tools. Tackle the ones you can and be sure to call a professional for the ones you’re not comfortable doing yourself. We can refer you to local service providers who can help.
Remember that it’s easy to overlook these small issues because you live with them. When you work with us, you get a fresh set of eyes on your home—so you don’t miss any important repairs that could make a big difference to buyers.
● Refresh Your Design
This is a great time to think about some simple design updates that can make a significant impression on buyers. For example, a fresh coat of paint is an easy and affordable way to spruce up your home. One survey found that interior paint offered a 107% return on investment.3 For broad appeal, opt for warm, neutral colors.
And never underestimate the importance of good curb appeal. Homes with good curb appeal sell for 7% more, on average, than similar homes with an “uninviting exterior.”4 If weather permits, lay fresh sod where needed, plant colorful flowers, and add some new mulch to your beds.
Even just repositioning your furniture can make a huge difference to buyers. A survey by the Real Estate Staging Association found that staged homes sold faster, and 73% sold over list price.5 We can refer you to a local stager or offer our insights and suggestions if you prefer the DIY route.
● Declutter and Depersonalize
Doing a little bit of decluttering every day is a lot easier than trying to take care of it all at once right before your home hits the market. A simple strategy is to do this one room at a time, working your way through each space whenever you have a bit of free time.
Start by donating or discarding items that you no longer want or need. Then pack up any seasonal items, family photos, and personal collections you can live without for the next few weeks. Bonus: This will give you a head start on packing for your move!
<br />1 WEEK BEFORE YOU GO TO MARKET
With just one week before your home is available for sale, all major items should be crossed off your to-do list. Now it’s time to focus on the small details that will really make your home shine. Here are a few key areas to focus on during this last week.
● Check-In With Your Agent
We’ll connect again to make sure we’re aligned on the listing price, marketing plan, and any remaining prep. We will be there every step of the way, ensuring you’re fully prepared to maximize the sale of your home.
● Tidy Your Exterior
You’ve already done the major landscaping—now it’s time to tackle the last few details. Make sure your lawn is freshly mowed, hedges are trimmed, and flower beds are weeded.
In addition, now is the time to clean your home’s exterior if you haven’t already. Power wash your siding, empty the gutters, and wash all your windows and screens.
● Deep Clean Your Interior
Your house should be deep cleaned before listing, including a thorough deodorizing of the home’s interior and steam cleaning for all carpets. Consider hiring a professional cleaning company to ensure the space smells and looks as fresh as possible.
In addition to cleaning, take some time to tidy up. Buyers will look inside your closets, pantries, and cabinets, so make sure they are neat and organized. Small appliances and toiletries should be cleared off the countertops.
<br />DAY OF SHOWING
Now you’re all set to go and there are just a few small things you need to handle on the day of showings or open houses. Do a final walk-through and take care of these finishing touches to give potential buyers the best possible impression.
● Pre-Showing Prep
Happy and comfortable buyers are more likely to submit offers! Make them feel at home by adjusting the thermostat to a comfortable temperature. Open any blinds and curtains throughout the house, and turn on all lights so buyers can see all the potential in your home.
Then tidy up by vacuuming and sweeping floors, emptying (or hiding) trash cans, and wiping down countertops. In the bathrooms, close toilet lids and hang clean hand towels.
Don’t forget to secure firearms, jewelry, sensitive documents, prescription medications, and any other items of value in a safe or store them off-site.
Finally, it’s best to have pets out of the house during showings. If possible, you should also remove evidence of pets (litter box, dog beds, etc.), which can be a turn-off for some buyers.
<br />DON’T WAIT TO PREP YOUR HOME FOR SELLING
If you want to get top dollar for your home, don’t put it on the market before it’s ready. The right preparation can make all the difference when it comes to maximizing the offers you get. The upgrades and changes you need to make will depend upon your home’s condition, so don’t wait to speak with an agent.
Call our team if you’re thinking about selling your home, even if you’re not sure when. It’s never too early to seek the guidance of your real estate agent and start preparing your home to sell.
Sources:<br />1. Fortune -<br />https://fortune.com/2022/02/08/should-i-buy-house-sellers-market-housing-real-estate-fannie-mae/<br />2. Forbes -<br />https://www.forbes.com/advisor/home-improvement/labor-materials-shortage-impacts-renovations/<br />3. PR Web -<br />https://www.prweb.com/releases/2012-homegain/home-improvement-survey/prweb9433460.htm<br />4. Realtor Magazine -<br />https://magazine.realtor/daily-news/2020/01/27/how-much-does-curb-appeal-affect-home-value<br />5. Real Estate Staging Association -<br />https://www.realestatestagingassociation.com/content.aspx?page_id=22&club_id=304550&module_id=164548
2022-04-01T16:16:00-07:00
2022-04-05T17:13:21-07:00
Adrian Ruiz Trelles
tag:exitrealtypalmbeach.com,2012-09-20:26160
8 Popular Home Design Features for 2022
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There’s a lot to consider when selling your home, from the market and appraisals to where you’ll go next. Don’t forget, however, that design is also a key factor. It’s often one of the first things buyers notice when they walk into a home, and it’s also a detail that you, as a seller, can easily control.
According to Realtor.com’s 2022 housing market forecast, home for-sale inventory will increase from last year, as will the projected number of overall sales.1 This means, if you’re looking to sell in the near future, now is the time to consider how you can stand out.
Updating your home design is one way to do that. Changes like new security features or upgraded siding can add value to your home now and be highlighted when you market it for sale later. To get the most out of your updates, focus on these popular home design features that will wow buyers in 2022.
Keep in mind, not all of these will work well in every house. If you plan to buy, list, or renovate a property, give us a call. We can help you realize your vision and maximize the impact of your investment.
Eco-Friendly Fixtures
Millennials account for the largest share of current homebuyers, according to the National Association of Realtors.2Sustainable living tops the list of priorities for this generation. A recent Deloitte survey found that nearly one-third of millennials initiate or deepen their consumer investment in products or services that help the environment—this also includes the houses they choose to live in.3
Here are a few eco-friendly design features that will be attractive to these millennial buyers in 2022. Bonus, they can net a significant return on investment (ROI) for you, as a seller, too.
Energy-Efficient Windows: Heat gain or loss from low-performance windows drives 25–30 percent of home heating and cooling costs, according to Energy.gov.4 Therefore, energy-efficient windows can help homeowners save money.
Low-Flow Water Fixtures: According to the EPA, replacing your shower head with one that’s labeled with WaterSense can save four gallons of water with each shower.5 Doing the same with your faucet can save 700 gallons per year. This leads to cost savings and environmental support.
Native Landscaping: According to the American Society of Landscape Architects, 58 percent of members report increased client demand for native trees and plants as a means to combat biodiversity loss from climate change..6 Enhance the eco-friendly appeal of your home with some native plants in the front yard.
Wellness Retreat Nooks
The pandemic has had a significant impact on mental health. For example, in an effort to prioritize mental health, many people are relocating to quieter, more peaceful homes, with 22 percent of city dwellers planning a move to less congested residential areas, according to the Home Improvement Research Institute’s (HIRI) 2021 Insights Summit.7
However, no matter where you live, you can still intrigue buyers by jumping on this trend. At-home wellness amenities, which were once viewed as luxuries, are now on many homeowners’ must-have lists. Indoor spaces that function as a retreat for wellness and self-care have become extremely popular, according to HIRI.
Improve your quality of life in your home with reading nooks, spa-inspired bathrooms, and exercise or meditation spaces. Even if your house doesn’t have the square footage to section off an entire room for relaxation, making simple tweaks to natural light, air purifiers, and indoor plants can help you feel better in your home now while enabling future buyers to see the opportunity for their own space.
Calming Paint Colors
Paint colors that produce a calming atmosphere will also be a key selling point in 2022. Soft earth tones and natural hues will prevail this year, including various shades of blue, green, brown, and beige. Recent research suggests steering clear of trendy paint colors in favor of a more classic palette to bring the feel of nature indoors in a subtle and soothing way.8
In fact, the same research found that buyers are often willing to pay an extra $4,698 for a house with a light blue bathroom or an extra $1,491 for a house with a dark blue bedroom. Another crowd-pleasing hue to refresh the walls with is BEHR’s 2022 paint color of the year, known as Breezeway.9
This shade of green with silver undertones was created to mimic sea glass. As the BEHR website describes it, Breezeway “evokes feelings of coolness and peace, while representing a desire to move forward and discover newfound passions.”
Home Safety Features
Buyers want peace of mind more now than ever before. According to a 2021 survey from the American Institute of Architects, members report seeing an increase in the popularity of these home safety features10:
Emergency backup power generation
Accommodations for multiple generations
Wider accessible doorways and hallways
Home security monitoring equipment
Interior ramps and home elevator features
Consider how you can build home safety features like these into the design of your home to enhance your quality of life now and attract more buyers later. For example, you could install a backup generator in the garage and sell it with the house or update your major doorways to be wider.
Before making an investment in expensive home safety upgrades, contact us. We can help you determine what will deliver the greatest ROI for your location and goals.
Designated Work Spaces
It may come as no surprise that after the pandemic, 63 percent of homebuyers want their next house to feature room for a designated office, according to the National Association of Home Builders.11 In addition, 70 percent of these buyers want the office to be at least 100 square feet (or a 10x10 room).
If you can, consider turning a bedroom or a den into a work-from-home office. When designing the space, make it both functional and aesthetically pleasing. Position a desk near the window for natural light, install a bookshelf unit, arrange a few succulents on the work surface, and hang a few framed posters or a cork bulletin board on the wall. You want the space to foster productivity as well as be a place in your home you enjoy spending time.
When you get ready to sell, we can help you highlight your designated work space. Given the high demand for this design feature, it can help you interest more buyers and attract more competitive offers—if marketed creatively.
Luxury Kitchen Retouches
The kitchen has always been a main focal point of interior design, and that’s no different in 2022. Families will always need this space to come together in their own homes.
This year’s buyers want a kitchen with new upgrades and retouches, but you don’t have to renovate the entire kitchen to make an impact. If you’re not sure where to start, here are a few tips on how to create a kitchen that buyers will love without spending too much money on renovations:
Repaint the kitchen, keeping the calm and nature-inspired colors in mind that are most popular right now. Taking a kitchen from dark to light by painting cabinets and walls can make all the difference.
Update the hardware. These kitchen “accessories” stand out and add personality to an otherwise standard kitchen.
Update light fixtures to bring in more light while also adding a fresh look and feel to the space.
Unique Accent Walls
In a recent interview with the National Association of Realtors, Brian Santos, the director of education for Fresh Coat Painters, explains that bold, unique accent walls are trendy right now.12 An accent wall gives a home character while maintaining the calming feel of natural- and neutral-colored walls.
Santos also explains that this is part of a design aesthetic that draws inspiration from the Roaring Twenties, and it’s likely to remain a sought-after home feature in 2022. Here are some bold colors to consider for your home’s accent walls:
Solid black
Jewel or metallic tones
Textured wallpaper
Painted ceilings
Built-in shelves
If you’re planning to sell in the next year, talk to us before adding an accent wall. Depending on your target buyer, it may be a design feature that actually hurts your home’s value. We can run a free Comparative Market Analysis on your home to help you understand what would resell best in your neighborhood.
Exterior Siding Updates
A new exterior siding refresh is one of the most affordable renovation projects you can do to help increase a home’s resale value. The average cost is just $12 per square foot, but higher-end material options can push costs closer to $50 per square foot.13 What’s more, there are many siding materials available, from fiber-cement, brick, and wood to vinyl, metal, and stone.
While all these options can infuse the exterior with character and add curb appeal, fiber-cement and vinyl deliver the highest ROI. In fact, according to a 2021 Cost vs. Value Report, a vinyl siding replacement can boost resale value by $11,315 (68.3 percent cost recoup), and a fiber-cement siding replacement can boost resale value by $13,618 (69.4 percent cost recoup).14
Give your home this simple, affordable, and attractive facelift before putting it on the market. If you’re not sure how to get started yourself, our team can connect you with a trusted vendor to guide you through the process.
Keep These Home Design Features on Your Radar in 2022
These design features can infuse personality into your home while helping to close the deal if you plan to sell in 2022. The average buyer knows just what they’re looking for in a space they plan to call home, so with some investment and foresight, you can give your house an edge over the competition—and boost resale value in the process.
However, you don’t need to make all these changes to attract more buyers. We can help you determine which design features you should add to your home by sharing insights and tips on how to maximize the return on your investment. We can also run a Comparative Market Analysis on your home to find out how it compares to others in the area, which will help us decide what changes need to be made. Contact us to schedule a free consultation!
Sources:
Realtor - <br /><a href="https://www.realtor.com/research/2022-national-housing-forecast/">https://www.realtor.com/research/2022-national-housing-forecast/</a>
National Association of Realtors - <br /><a href="https://www.nar.realtor/research-and-statistics/research-reports/home-buyer-and-seller-generational-trends">https://www.nar.realtor/research-and-statistics/research-reports/home-buyer-and-seller-generational-trends</a>
Deloitte - <br /><a href="https://www2.deloitte.com/content/dam/Deloitte/global/Documents/2021-deloitte-global-millennial-survey-report.pdf">https://www2.deloitte.com/content/dam/Deloitte/global/Documents/2021-deloitte-global-millennial-survey-report.pdf</a>
Energy.gov - <br /><a href="https://www.energy.gov/energysaver/update-or-replace-windows">https://www.energy.gov/energysaver/update-or-replace-windows</a>
EPA.gov - <br /><a href="https://www.epa.gov/watersense/about-watersense">https://www.epa.gov/watersense/about-watersense</a>
American Society of Landscape Architects - <br /><a href="https://www.asla.org/NewsReleaseDetails.aspx?id=60427">https://www.asla.org/NewsReleaseDetails.aspx?id=60427</a>
Home Improvement Research Institute - <br /><a href="https://www.hiri.org/blog/4-major-home-wellness-trends-from-hiri-summit-speaker-dr-jie-zhao">https://www.hiri.org/blog/4-major-home-wellness-trends-from-hiri-summit-speaker-dr-jie-zhao</a>
Zillow - <br /><a href="http://zillow.mediaroom.com/2021-07-15-Homes-With-Light-Blue-Bathrooms,-Dark-Blue-Bedrooms-Could-Sell-for-Up-to-4,698-More-Than-Expected">http://zillow.mediaroom.com/2021-07-15-Homes-With-Light-Blue-Bathrooms,-Dark-Blue-Bedrooms-Could-Sell-for-Up-to-4,698-More-Than-Expected</a>
Behr - <br /><a href="https://www.behr.com/colorfullybehr/behr-announces-2022-color-of-the-year-and-trends-palette/">https://www.behr.com/colorfullybehr/behr-announces-2022-color-of-the-year-and-trends-palette/</a>
American Institute of Architects - <br /><a href="http://info.aia.org/AIArchitect/2021/0910/aia-interactive/index.html">http://info.aia.org/AIArchitect/2021/0910/aia-interactive/index.html#</a>
National Association of Home Builders - <br />​​<a href="https://www.nahb.org/-/media/NAHB/news-and-economics/docs/housing-economics-plus/special-studies/2021/special-study-what-home-buyers-really-want-march-2021.pdf?_ga=2.188050984.1824982414.1639512139-1247360189.1639512139">https://www.nahb.org/-/media/NAHB/news-and-economics/docs/housing-economics-plus/special-studies/2021/special-study-what-home-buyers-really-want-march-2021.pdf?_ga=2.188050984.1824982414.1639512139-1247360189.1639512139</a>
National Association of Realtors - <br /><a href="https://www.nar.realtor/blogs/styled-staged-sold/hot-home-trend-the-accent-wall-is-back">https://www.nar.realtor/blogs/styled-staged-sold/hot-home-trend-the-accent-wall-is-back</a>
Forbes - <br /><a href="https://www.forbes.com/advisor/home-improvement/how-much-does-siding-cost-to-install/">https://www.forbes.com/advisor/home-improvement/how-much-does-siding-cost-to-install/</a>
Remodeling Magazine - <br /><a href="https://www.remodeling.hw.net/cost-vs-value/2021/">https://www.remodeling.hw.net/cost-vs-value/2021/</a>
2022-02-01T20:31:00-07:00
2022-02-06T21:41:07-07:00
Adrian Ruiz Trelles
tag:exitrealtypalmbeach.com,2012-09-20:9646
Create A Stylish Home With Kids And Stay On Budget
Home decorating when you have kids may seem like an exercise in futility, yet design experts say it’s well within reach for families to stylishly furnish a house and still remain within budget.<br /><br />The arrival of a child can spark a desire to redecorate as many parents buy new furniture to accommodate their growing family. And as kids get older, parents may find their family’s needs require updating a home with storage for sports equipment or tailoring a room to a teen’s maturing taste.
“Your style changes a little bit when you have kids,” says Emily Clark, 42, a stay-at-home mother of five who blogs about decorating from Charlotte, North Carolina. “It doesn’t mean it can’t be beautiful,” she adds. “I work at home. This is my environment 99% of the time when I’m not in the car. I want it to be a happy place when I’m here.”
While there’s no hard-and-fast rule about how much to budget for home decorating, Clark and other experts note that you don’t have to spend a fortune.
Creative hacks like repainting a room or buying new pillows for a sofa or bed can help spruce up a room without high costs.
To be sure, families with big budgets can find ways to spend tens of thousands of dollars on decorating, from custom built-ins to expensive furniture. Yet it’s possible to create a stylish home without draining your bank account.
Below are three tips from design experts about how to decorate a home with kids while sticking to a budget.
Hire a decorator – or not
Hiring a decorator doesn’t have to be an expensive. For instance, you can hire one for an hour-long basic consultation, which could cost $50 to $150 an hour or more, depending on the decorator’s fee. And some furniture stores provide decorating advice to customers.
Still, says Kerrie Kelly, a design expert with Zillow and the founder of Kerrie Kelly Design Lab, “It’s a bit of the Wild West right now” in terms of what decorators charge. Some stick with a per-hour fee, while others charge by the project, she says.
An increasingly popular option is to hire an online decorating service, says Clark. Sites such as Havenly and Decorist offer these services, which can cost between $19 to $1300 or more, depending on the level of advice.
“You can send pictures of your space, and they give you a list of things to buy or an inspiration board,” she says. “It’s good for a budget.”
But consumers can also take a DIY approach to design. Look through Pinterest or Instagram to find images of styles that appeal to you, Clark recommends.
“There are ideas galore all over,” she adds. “Pin 25 living rooms you love. Go back and look - they probably have a common theme.”
Consider furniture that can be repurposed
From the get-go, parents are likely to search for new furniture to accommodate their growing family, such as changing tables and storage for toys. But before you buy an item, consider how it might be repurposed as children get older.
“I turned my changing table into a bar cart,” notes Mitchell Parker, editor at home-remodeling and design site Houzz.com. “It worked out great.”
He adds, “Anytime you can look ahead and incorporate pieces that can transition and grow with your kid is a good idea.”
And before buying furniture, consider what you already own that could be repurposed, says Zillow’s Kelly. “Maybe take that dining room cabinet and put it in the den for children’s books, and use it as a library,” she notes.
Buy durable fabrics and carpets
If you’re considering new upholstered furniture, take a look at durable fabrics like Crypton or Sunbrella, says Zillow’s Kelly. Furniture stores such as Pottery Barn offer furniture with these types of fabrics, which can make it easier to clean up a spill and therefore ease your mind about children’s sometimes rough use.
Carpet tiles are also a flexible option for families, Kelly adds. Spills or damage can be easily fixed by replacing a single tile, and they can be changed out for new colors as children get older, she says.
“You invest a lot in a sofa and you don’t want your sofa to get ruined the first time your kid spills a soda,” says Houzz.com’s Parker. “We also recommend things that can be thrown into the washing machine, like slipcovers. Anything like that will help.”
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2019-11-29T09:41:00-07:00
2020-01-19T11:18:08-07:00
Stephen Snow