Cecile Raoult's Blog
Many of us will move home several times throughout our lives. Whether it’s relocating for work, needing a bigger house for children, or a quiet place to retire to, it’s likely that the home you live in now won’t be yours forever.
As a result, many homeowners wonder what they can do to ensure their home will have a high resale value when the time comes to move on.
The good news is that there are a lot of things you can do now that will give you a good return on investment when it comes to selling your home later. However, there are a few factors that affect a home’s valuation that are out of your control. We’ll talk about all of those factors below. So, read on for a list of the factors that affect your home’s resale value.
The age of your home
Your house may not complain about it, but it isn’t getting any younger. Homes tend to slowly decrease in value over time. A home built in the late 1970s, even if it’s well taken care of, most likely won’t sell for the same price as a 15-year-old home.
There is one exception to the rule, however, and that is historical houses. Homes that are a century old can sell for top dollar because of the craftsmanship and history that the house contains.
Admittedly, this is a niche market, as many people just want a safe and efficient home to live in. However, there are some homebuyers who will put in a bit of extra work around the house for the chance to live inside of a piece of history.
When you’re upgrading your house it’s important to remember how that upgrade will pay off years down the road. Some renovations will almost always give a good return on investment such as a finished basement or attic and improving efficiency via added insulation or replacing windows.
Renovations that match a very specific decorative taste or style could come back to haunt you. This includes bathroom sinks, kitchen cabinets, countertops, and other expensive projects that are subject to the next owner’s taste. While these upgrades can give a good return on your investment, they’re more likely to be successful if they fit the current trends of style and craftsmanship.
Neighborhood and town
One of the factors of home valuation that you have little control over is the town and neighborhood the house is located in. If there are closed down businesses, foreclosed and deteriorating homes then potential buyers might be turned off to the neighborhood.
Similarly, the town you live in has a lot to do with how much people are willing to spend. If you have easy access to interstate highways and large cities, highly rated schools, and good local infrastructure, then buyers are likely to take these into consideration when making an offer, as the average cost of a home in your town is likely higher than some surrounding towns.
For home sellers, getting the best price for your residence likely will require you to upgrade your house's curb appeal. If you dedicate time and resources to bolster your home's curb appeal, you may be better equipped than ever before to enjoy a successful property selling experience.
Now, let's take a look at three tips to help you improve your home's curb appeal.
1. Fix Damaged Home Siding
Cracked or chipped home siding is unlikely to do you any favors. In fact, damaged home siding may prove to be an instant turn-off to prospective buyers.
Fortunately, repairing cracked or chipped siding can be fast and simple. If you fill in any cracks or holes in your home siding, you can eliminate these eyesores without delay.
If you want expert help with house siding repairs, home improvement professionals are available in cities and towns nationwide. These professionals are happy to work with you so you can quickly fix damaged home siding and boost your house's curb appeal.
2. Perform Lawn Care Tasks
Mowing the lawn, trimming the hedges and performing other lawn care tasks is key for home sellers. If you maintain a neat, tidy lawn, you could help buyers see your home's full potential.
Of course, you should continue to perform various lawn care tasks regularly until your residence sells. You never know when a potential buyer may pass your home, and as such, a pristine lawn is paramount to help your residence make a positive first impression.
3. Eliminate Clutter
If you have plastic flamingoes, lawn gnomes and other decorations scattered across your home's front lawn, you may want to remove these items for the time being. Otherwise, it may be tough for buyers to envision what life may be like if they purchase your residence.
To cut down on clutter, you can always host a yard sale or list any unwanted items online. You also can donate any items you no longer need to a local charity or give them to family members or friends.
As you prepare to sell your house, you may want to collaborate with a real estate agent as well. A real estate agent can offer plenty of tips so you can upgrade your house's curb appeal, along with recommendations to help you streamline the home selling process.
Let's not forget about the assistance a real estate agent can provide as you evaluate an offer to purchase, either. A real estate agent can help you weigh the pros and cons of accepting a homebuying proposal. He or she is ready to respond to any house selling concerns or questions you may have, too.
When it comes to selling a home, it generally is a good idea to improve your house's curb appeal as much as you can. Thanks to the aforementioned tips, you can enhance your home's curb appeal in no time at all. And as a result, you can make your home an attractive option to prospective buyers.
Want to wake up each day to a stunning luxe bedroom? Feel like you can’t achieve this without draining your account? I’ve got good news, today I‘m going to share my favorite upscale upgrades you can make even on a budget. You don’t have to be royalty to live like one, you just need to get creative (and put in some elbow grease).
Add mirrors to closet doors to bring in more light and make your bedroom feel larger. Get mirrors cut to cover over the panels of a door for a smooth, luxe look. This works great whether you have a hinged swinging door style or bifold.
Create a faux canopy bed with curtain rods installed on the ceiling. Look for bracket styles described as ceiling mounted or those that completely enclose the rod. There are also room divider options that allow for rods to connect and create a seamless look. The curtain fabric you use will completely set the tone and atmosphere of the room.
Restain a piece of furniture or your whole set to give an old piece new life. This is a great long weekend project as you will need to time to sand down the pieces as well as stain and add a finishing coat. A dark stain will feel upscale and luxurious.
Create a built-in library with a window seat by filling a wall with bookcases flanking each side of a bench or trunk. Add molding around where they will meet the ceiling and floor to fully integrate them and give that built-in look. Ensure that whatever finish you choose for your new bookcase it matches existing woodwork in the room.
Update your light fixtures to create a rich new atmosphere. Update sconces to a new sleek silhouette. Swap a flush mount ceiling light for a pendant or chandelier. Replace a ceiling fan with blades for a drum style fixture for a true update in style.
And of course, there is nothing a fresh coat of paint can’t update. Create a luxurious atmosphere by choosing a neutral palette. Or be bold with a statement color that feels high end and ahead of the style curve. This one change can completely alter the look and feel of your bedroom without the need to change out any of your furniture to linens.
With that said, changing out linens is a great, easy way to upgrade your bedroom. Invest in a set with a high thread count and luxe-to-you style. Invest in a down blanket to stay toasty warm throughout the colder months. Curtains that sweep from ceiling to floor feel extravagant and create the illusion of a taller room. Load up on decorative pillows for a well-styled room that feels style-shoot-ready.
Most people enjoy surrounding themselves with bright colors. Blues, purples, reds, and greens add personality to your home and bring you joy. They may set off your furniture or your favorite art. When you decorate your own home, you tend towards colors and styles that make you happy. However, as you've probably noticed even in your own family, different colors have different means for each person. While you might love that salmon pink wall, your potential buyer might not be able to get past the cat-food reference.
In addition to simple preference, an estimated ten percent or more of the population suffers from some form of color blindness, and most of them don't even realize it. Two main kinds of color blindness exist: you've probably heard of the more common red/green color blindness, but a blue/yellow color blindness exists as well that confuses blue and yellow with violet. That means the gorgeous pale yellow you chose might look like a bright violet to them. If a buyer knows about their color blindness, they plan for it, but most sufferers have no idea, they've just always seen colors this way.
You don’t want to turn off a promising buyer because you chose colors that were too bright, or didn’t account for variations in color blindness. A lot of buyers may not actually be color blind, but instead, become blinded by your palette. If buyers can't visualize the room with their belongings and their family, they won't want to purchase the home.
The Solution: Go Neutral
In the past, real estate and staging professionals used to solve this problem by asking clients to paint their entire home white. While white will still work, you can also benefit from using one of the other modern neutral tones. These off-white and gray sophisticated palettes can compliment your existing furniture and architectural features. Paint manufacturers and interior designers are always trying new neutral tones by adding warm or cool undertones to whites and grays. Check out the latest palettes for your season and use them to keep some color, dimension, and depth to your walls without overpowering your potential buyers' ability to picture the home the way they want it.
One long-lasting trend is to use some darker neutral on the walls balanced by bright white trim. This combination has a brightening effect around window and doors and evokes a warm response in many buyers. Make sure to check the trends in your area, since some regions will prefer one set of neutrals over another. In some areas, soft blues and greens work well for neutral tones.
Talk to your local real estate professional about the best painting choices for your property before investing in ten gallons of white.