Home Sellers March 20, 2023

Is it worth your money to hire a stager?

Research: Is it worth your money to hire a stager?

As you prepare to sell your home, you might debate whether to hire a stager who can make it look on-trend and ultra-appealing for prospective buyers.

Advocates say an effective stager can make a huge difference in how customers perceive your home, since they know all the tricks for arranging, curating and/or adding to your décor for optimal aesthetics.

But skeptics say the cost (a national average of $1,000 and $3,000) can be unnecessary. Sometimes, rearranging furnishings calls attention to flaws in the home. And living with borrowed, rearranged or missing furnishings (while waiting for a sale) can be inconvenient.

 

What do the facts say?

  • In the NAR’s 2021 Profile of Home Staging, more than a quarter of buyers said they’re willing to overlook property faults in staged homes. Most important were living rooms (46%), master bedrooms (43%) and kitchens (35%). Among buyers’ agents, 82% agreed staging helps clients visualize a property as their own.

 

  • survey by the International Association of Home Staging Professionals determined staging can help sell a property three to 30 times faster, while helping boost sale prices by up to 20%. Those who didn’t stage saw price reductions 5 to 20% higher than projected staging costs.

 

  • The Real Estate Staging Association found that after investing an average 1% of their asking prices into staging, 75% of sellers sold at 5 to 15% more than asking prices.

 

“Homes may be selling faster, but the right style can help earn the highest ROI,” notes stager Patti Stern on NAR.com.

Home Sellers February 27, 2023

3 Things Buyers Really Want

Set the stage with these three essentials

Getting ready to put your house on the market? You’ll want to make it as appealing as possible for today’s buyer. Here are three must-haves to include in your preparations.

Home office space

Now that a high percentage of knowledge workers are telecommuting at least a few days a week, many buyers will want a quiet, comfortable room to be their most productive.

Tip: Focus your staging energies into the office so people looking at your viewing can picture themselves getting work done in their new place. No office space? It will be well worth the effort to give one of your rooms a pre-showing makeover.

Eco-friendly features

Buyers love energy-efficient features so much, they’re willing to spend up to 2.7% extra on energy-rated homes, according to research by Freddie Mac.

Tip: When making updates, repairs and replacements, always go for the green option. Think triple-pane windows, tankless water heaters, low-energy appliances. You’ll add a selling point to your listing and maybe even make a profit on your investment!

Outdoor living​​​​​​​

Yards, patios and decks add “square footage” of living space to your home, providing a means to relax with friends and family.

 

Tip: If your place lacks outdoor amenities, a backyard fire pit is a great DIY weekend project to tackle before you sell. Add a couple of chairs and the stage is set for prospective buyers!

Home Buyers February 27, 2023

6 Most Essential Homebuyer Tips

Home Sellers February 24, 2023

Projects That Could Lower the Value of Your Home

 

decorative image
In 2020, homeowners throughout the U.S. spent upwards of $420 billion on remodels and renovations for their homes. A commonly held belief is that nearly all projects will increase a home’s resale value. The truth is that there are numerous home improvement projects that could wind up decreasing your home’s value.

 

  • Where to park?Instant Carpeting
    If your home is outfitted with hardwood floors, don’t cover them up with wall-to-wall carpeting. When a carpet isn’t in pristine condition, most buyers would prefer that they be removed, which is why carpeting doesn’t add value to a home.  The Remodeling Impact Report, created by the National Association of Realtors, has found that hardwood floor projects have a cost recovery of 118%, which means that installing new wood flooring for $15,000 could add as much as $17,700 to the value of your property.

 

  • Adding a Swimming Pool
    Swimming pools don’t add much value to a home unless you live in a hot climate. It costs anywhere from $16,000-$44,000 to build an outdoor swimming pool, which doesn’t take into account ongoing maintenance costs. It’s been estimated that swimming pools only increase a home’s value by around 7%. Some prospective buyers may also be scared off by the potential liability a pool brings.

 

  • Converting Your Garage into a Living Space
    Garage conversions can cost you anywhere from $6,000-$24,000 if you want the room to be turned into a livable space. Even though this conversion will add functionality and square footage to your home, most buyers prefer the original garage space for easy parking and extra storage.

 

  • Excessive Landscaping
    Enhancing your landscaping can significantly boost your home’s curb appeal and may make the property more enticing to potential buyers. However, it’s easy to make too many changes to your landscaping, which could give your yard a busy and cluttered appearance. At worst, buyers might view your yard as being too difficult to properly maintain. Keep it clean and simple to appeal to most buyers.

 

  • Too Much Wallpaper
    While wallpaper doesn’t necessarily turn buyers away, using the wrong color scheme or pattern could lead to the pool of potential buyers thinning considerably. Wallpaper installation projects can cost anywhere from $300-$6,000 depending on the size of the room, the type of wallpaper you use, and DIY vs. professional installation.  While these costs aren’t that high compared to other projects in this guide, removing wallpaper is a costly and time-consuming job, which is what some potential buyers will think about when they first see a room with wallpaper they don’t love.

 

Performing the wrong renovation on your home could result in your property becoming less appealing to prospective buyers. This could mean fewer offers or even a lower sales price. If you want your renovations to increase your home’s value, consider remodeling the kitchen/bathroom areas, upgrading the appliances, or contact me and I can tell you which features have the best return on investment in our area.

QUESTIONS? VISIT www.northofbostonhomesales.com

 

 

Home Care Tips February 5, 2023

Winterproof Your Home

Winterproof your home before the squall hits

When a winter storm hits, the snow, ice and high winds can damage your home if you’re not prepared. Below are a few things around your house you may want to consider winterproofing.

Frozen pipes: Expanding ice exerts a force that can burst open the joints and the pipes themselves. Once it thaws, you’ll have messy leaks and even flooding to clean up. Reduce the risk of freezing pipes by insulating any interior walls adjacent to the pipework. In the event of a power outage, turn on the water to a slow trickle to keep the pipes from freezing completely.

Ice dams: When snow and ice accumulate on your roof and in the gutters, ice dams can form, creating a place for the melting snow and ice to collect. The resulting icicles and shingle damage can create unwanted leaks and headaches. To prevent ice dams, remove leaves and other debris that collects in the gutters each fall and spring. After a heavy snowfall, go around the perimeter of the house with a snow rake to open space for snowmelt to flow.

Power outage: Losing access to power and heat can set you in a scramble to keep your family warm and fed, particularly if it goes on for several days. Prepare for outages by building an emergency kit — plenty of canned food, flashlights, batteries and blankets. Investing in emergency backups provides a means to prepare food, stay warm and keep your family safe.

Bottom line: Be prepared so you can avoid unwanted damage to your home when fierce winter weather hits.

Home Sellers February 5, 2023

Crank Up the Cozy for Winter Showings

Crank up the cozy vibes for heart-warming winter showings

Want to make your home stand out during a slower selling season? When readying your place for showings, play up the positive side of winter.

Clean sidewalks, curbs and driveways

Keeping your sidewalks and driveway immaculately clean of ice and snow is the equivalent of rolling out the red carpet for a winter house showing.

Create an easy entry

Properly stage your entrance to accommodate snowy boots and heavy coats. Provide extra-large, super-absorbent mats along with a coat tree for a frictionless entrance and less tracking.

Evoke emotion with scent

Reach those core childhood memories with a welcoming winter aroma. Keep refrigerated dough on hand to whip up a batch of fresh-baked cookies just before the showing. For an extra warm touch, set up a hot cider station.

Set the stage for winter nesting

Sell your home’s cozy potential with a few well-placed accessories. Drape a furry throw on the arm of the couch. Stack a few bestsellers on the side table. If you have a hearth, get a fire going.

Inspect the place for drafts

Find and fix any cold spots in your home. Replace the weather stripping, install window draft stoppers and insulate and seal the outlets.

Run the humidifier

Combat dry winter air by maintaining a home humidity level of 40-55%. (Tip: If condensation starts collecting on the windows, it’s probably set too high.)

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Set the perfect temperature

A thermostat setting of 72 degrees Fahrenheit will keep everyone comfortable — and keep their minds off feeling chilly!

Home Buyers February 5, 2023

Closing Fees: Avoid Being Overcharged

Home Sellers February 5, 2023

Budget Projects to Transform the Look of Your Home

Budget projects that transform the look of your home

Whether you’re preparing to move into a new home, or looking to zhuzh things up before you sell, try one of these high-impact projects that are easy on the wallet.

Fresh Paint

A new color story is transformative. Each hue in the color wheel catches the light differently, altering the look and feel of a room. Once you’re done, you’ll feel extra motivated to tackle other improvements. Plus, the right paint can add value to the home.

Add Crown Molding

Crown molding adds a touch of sophistication and polish to the room. Because it draws the eye to the ceiling, it has an enlarging effect. Tip: Add a chair rail and you can create a two-toned room!

Build a Laundry Center

Adding a counter and shelving units brings order and much-needed storage to cluttered up washer-dryer spaces.

New Faucets

The gleam of on-trend metals catches the light and instantly modernizes the bath or kitchen. It’s one of those super simple fixes with high returns. Take it a step further and add new cabinet handles and drawer pulls.

Add Storage

Shelves, pullouts and racks for closets, mud rooms and cabinets add functional elements while lending a sense of order to a space.

Bottom line: These small projects offer a big payoff without breaking the bank!

Home Buyers January 27, 2023

4 Steps: Getting Your Financials in Order Before You Buy

4 Steps in getting your financials in order before you buy

Buying a house takes more than a down payment: You need financial readiness. Stick to the plan, and you’ll start making real progress toward your goal.

1. Know how much home you can afford

Ideally, your housing payment is no more than 30% of your take-home pay. Look for an online “How much house can you afford” calculator, enter your ideal payment and work from there. Then play around with it. What happens if you add $50, $100 or $200 to the monthly payment?

2. Create a homeowner budget

To help you plan and adapt, work out a monthly budget that factors in your expected mortgage payment. Don’t forget to include property taxes, homeowner’s insurance, utilities and a cash fund for various household supplies and expenses.

3. Know the score

Use the free credit score feature on your online bank account to see where you need improvement, then keep track of monthly progress. Focus on good credit hygiene like on-time payments, paying down debt and refraining from opening (or closing) credit accounts. A higher credit score indicates to lenders you’re a good credit risk, which increases your eligibility for a competitive interest rate. For a mortgage, even a quarter of a percentage can translate into tens of thousands of dollars.

4. Save for a down payment

Start squirreling away extra cash each month to build your down payment. If you find yourself short of funds, examining your spending habits, shopping for deals and looking for opportunities to boost your income will accelerate your progress.

Home Sellers January 27, 2023

Checklist: Upgrade Your Exterior

Checklist to upgrade your exterior

Looking to spruce up your curb appeal before you put your home on the market? Taking on a few of these weekend projects can transform your exterior from ho-hum to inviting.

Paint the Door

Most homes have neutral hues, but a pop of color on the front entrance creates a welcoming focal point. Add a new storm door, door fixtures and a pretty wreath and your work is done.

Swap Out the Mailbox

Change the government-issued box for something decorative and unique. Whether you opt for vintage or mod, it’s sure to make the place look more inviting.

Update Your Light Fixtures

New fixtures can add sparkle and polish even to an older home.

Install Solar Landscape Lighting

These small fixtures are unobtrusive by day, but bring some yard ambiance by night.

 

Pressure Wash for a Deep Clean

Make your concrete and masonry look like new with a good cleaning.

Bring on the Planters

Boxes or large pots filled with foliage bring a welcoming touch of nature, not to mention some lively colors. To make it look polished and professional, choose a thriller, filler and spiller.

Have a Seat!

Nothing says welcome home like a front yard conversation corner! Add a bench, a pair of Adirondack chairs or if you’re feeling whimsical, a hanging swing from the front yard tree.

Achieve the Manicured Look

Now’s the time to get fussy with your lawncare and landscaping. Keep the grass neatly clipped, watered and the walkway swept clean. Trim dead and hanging branches from trees and prune the bushes. For a finishing touch, pop a few in-season annuals into the ground and add a fresh layer of mulch to the beds.