Home Sellers May 3, 2023

Should you Update or Not Before Selling?

Home BuyersHome Sellers April 20, 2023

How to Prepare for the Spring Selling Season

How to Prepare for Spring Selling Season
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Spring is believed to be the busiest season of the year in the real estate market. For sellers, listing in the spring provides an opportunity to take advantage of the notable increase in buyer demand. As for buyers, there’s much more inventory to select from in the spring. Here are a few tips on how to prepare for the spring selling season.

Spring Market

How to Prepare as a Buyer
Once the spring season rolls around, you’ll discover that there are more homes to choose from, which increases your chances of finding your dream home. However, the competition among other buyers will also be stronger, which is why preparation is necessary.

First things first, find out how much you can afford and get pre-approved. Your lender can run the numbers and help you determine what you can afford. Don’t have a lender? Ask your real estate agent for a referral. Having a pre-approval letter ready when you start looking for homes means you are prepared to make an offer when you find the right home.

Next up, figure out your requirements. Before the spring season arrives, research local neighborhoods, schools, and amenities to determine your areas of interest. Then make your wish list. Start browsing homes online, and pay attention to the details, so you can make a list of all the features you do and don’t like. By narrowing your search early on, you’ll have a better idea of what you’re looking for, and you can avoid wasting time and energy visiting properties that don’t meet your needs.

How to Prepare as a Seller
If you’ve decided to sell your home, your main goal when preparing for the spring season is to get everything ready for the listing and home-selling process.

First up, price it right. Your should work with a realtor to discuss your selling timeline and determine the right price for your home, so that your home doesn’t sit on the market too long or sell for too little.

You should also have your home professionally photographed to attract more buyers to the listing. Make sure it’s clean and tidy before those photos are taken. Nothing is more unappealing to buyers than a cluttered and messy property. Cleaning and decluttering your home now will prepare you for showings later. Minimizing the number of photos, toys, and other personal items in your home also makes it easier for buyers to envision themselves living there.

Consider cleaning the exterior as well. Your home’s exterior is the main source of its curb appeal. You can boost your home’s curb appeal by planting flowers, trimming shrubs, and removing leaves and debris.

How to Prepare if You’re on the Fence
If you’re on the fence about buying or selling a home, you should conduct ample research before the spring selling season arrives. Even though spring is a busy season, it’s not the only time of the year when you can buy or sell a home. Consider your financial situation and think more about what you want in the near future. Reach out and we can talk about what makes the most sense for your situation.

Once the temperatures warm up and the scenery becomes more picturesque, the real estate market also begins to heat up. Whether you want to buy/sell or are currently on the fence, preparing for the selling season now should help you avoid feeling rushed when it gets here.

Home Buyers April 4, 2023

House Hunting with Pets

Nearly 68% of U.S. households own pets. Pets share our living spaces and sometimes run our lives more than we’d like to admit, so there is a lot to consider when shopping for a new home that you will share with your furry/scaly/feathery friend. Here are some tips for house hunting with a pet in mind.

Inform Your Agent
The first thing you need to do is inform your real estate agent about your pet and what home features are important for your specific pet. That way your agent can inform you of any local ordinances or restrictions, and they can help filter your home search to properties and neighborhoods that are pet friendly.

Consider Outdoor Space
If you have a pet that enjoys the outdoors, you should pay close attention to several home and neighborhood features when looking at homes.

  • Yard – Does the yard size give your pet enough room to roam? Do you have easy access to the yard, i.e., will it be easy to let your pets in and out? If the home has a pool, it should come with a gate or cover. Is there any vegetation that would be harmful to your pet? How are the sightlines – can you see your yard from your kitchen or living room?
  • Fencing – Does the yard have a fence? How high is it (for jumpers)? How private is it (for barkers)? Do the gates properly latch? If there is no fence, how much would it cost for you to install one for that lot size?
  • Neighborhood – Are there any busy roads nearby? Are the streets well lit? Are there sidewalks, parks, or other suitable walking areas nearby? If your dog gets loose or your cat likes to prowl at night, will they be safe?

Check the Rules and Guidelines

If you intend to search for a home in a neighborhood that’s managed by an HOA, you should identify what guidelines they have in regard to pets. It’s possible that there will be a limit on the size or number of pets that can be in one household.

When rules are in place, violations can result in substantial fines, which is why it’s best that you find out this information before making an offer. Many communities are pet friendly and include on-site services that are beneficial for pets.

Consider Interior Features

The interior of the home you’re interested in should also be considered. For instance, does the house have a bay window or large window ledges where a cat can sit? Does the bathroom have a shower or tub that will accommodate pets for baths/grooming? As for flooring, carpets will stain easily and attract pet dander and fur. Hardwood and tile floors are preferable.

Numerous factors will play a role in your final decision when searching for the right home. As long as you inform your realtor and make sure that the neighborhood doesn’t have restrictive rules against pets, you should be able to find a home that your pets love. ❤

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

 

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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