10 Tips to Improve Your Home’s Appeal

August 18, 2010

Dear Friends

If you are like me, I sometimes look at one of the rooms in my home and think “it needs changing.”  I have found that just changing a chair or rug to a different place can make all the difference.  A few weeks ago I got into the mood of “spring cleaning” and made several trips to Goodwill.  I got rid of the clutter and now my rooms look refreshing to me.  I even find myself coming back again and again to see what feels like a new room.

Here are some ways to make your home feel like new again.  Even though they are geared towards selling, they work just fine for your own enjoyment.

For Your Clients: 10 Low-Cost Tips to Improve Your Home’s Appeal

By Paige Tepping

RISMEDIA, August 10, 2010–When selling your home, the goal is to sell it quickly for the highest price while investing as little as possible in renovations. With a limited budget and a little effort, you can greatly increase your home’s appeal by focusing on what prospective buyers can see on their first visit. The experts at BuyOwner.com offer the following recommendations for preparing a house for sale and staging it for showings.

Tip #1: Refresh the exterior

First impressions count when it comes to selling a home. Most buyers won’t even leave their car if they don’t find the exterior appealing. The best ways to improve your home’s exterior include:
-Repairing and/or replacing trims, shutters, gutters, shingles, mailboxes, window screens, walkways and the driveway.
-Painting siding, trim and shutters and lamp and mailbox posts.
-Pressure washing vinyl siding, roofs, walkways and the driveway.
-Washing windows.

Tip #2: Spruce up the lawn and landscape
Home buyers associate the condition of your lawn and landscaping with the condition of your home’s interior. By improving the outside, you affect buyers’ impression of the entire property. The best ways to enhance the yard include:
-Mowing and edging the lawn.
-Seeding, fertilizing and weeding the lawn.
-Keeping up with regular lawn maintenance by frequent watering.
-Trimming and/or removing overgrown trees, shrubs and hedges.
-Weeding and mulching plant beds.
-Planting colorful seasonal flowers in existing plant beds.
-Removing trash, especially along fences and underneath hedges.
-Sweeping and weeding the street curb along your property.

Tip #3: Create an inviting entrance
The front door to your home should invite buyers to enter. The best ways to improve your entry include:
-Painting the front door in a glossy, cheerful color that complements the exterior.
-Cleaning, polishing and/or replacing the door knocker, locks and handles.
-Repairing and/or replacing the screen door, the doorbell, porch lights and house numbers.
-Placing a new welcome mat and a group of seasonal potted plants and flowers by the entry.

Tip #4: Reduce clutter and furniture
A buyer cannot envision living in your home without seeing it. A home filled with clutter or even too much furniture distracts buyers from seeing how they can utilize the space your home offers. If you have limited storage space, you may want to consider renting a temporary storage unit to place items you wish to keep. The best ways to declutter your home include:
-Holding a garage sale to prepare for your move, getting rid of unnecessary items.
-Removing clutter such as books, magazines, toys, tools, supplies and unused items from counter tops, open shelves, storage closets, the garage and basements.
-Storing out-of-season clothing and shoes out of sight to make bedroom closets seem roomier.
-Removing any visibly damaged furniture.
-Organizing bookshelves, closets, cabinets and pantries. Buyers will inspect everything.
-Putting away your personal photographs, unless they showcase the home. Let buyers see themselves in your home.
-De-personalize rooms as much as you can.

Tip #5: Clean, clean, clean
The cleanliness of your home also influences a buyer’s perception of its condition. The appearance of the kitchen and bathrooms will play a considerable role in a buyer’s decision process, so pay particular attention to these areas. The best ways to improve these areas include:
-Cleaning windows, fixtures, hardware, ceiling fans, vent covers and appliances.
-Cleaning carpets, area rugs and draperies.
-Cleaning inside the refrigerator, the stove and all cabinets.
-Removing stains from carpets, floors, counters, sinks, baths, tile, walls and grout.
-Eliminating house odors, especially if you have pets.
-Considering air fresheners or potpourri.

Tip #6: Make minor repairs
The small stuff does count, especially with first-time home buyers. Without dismissing the importance of repairing major items such as a leaky roof or plumbing, you do not need to spend money on replacing these items. Instead, focus on the minor repairs that will make your home visually appealing. The best ways to improve your home include:
-Repairing ceilings and wall cracks.
-Repairing faucets, banisters, handrails, cabinets, drawers, doors, floors and tile.
-Caulking and grouting tubs, showers, sinks and tile.
-Adding fresh paint to ceilings, walls, trim, doors and cabinets.
-Tightening door handles, drawer pulls, light switches and electrical plates.
-Lubricating door hinges and locks.

Tip #7: Showcase the kitchen
The heart of any home is the kitchen. If you are going to spend any money on renovations, this is the one area where you will see the greatest return. Even with a modest budget, focusing on a few key areas can make a great difference in getting the asking price for your property. The best ways to showcase the kitchen include:
-Replacing cabinet doors and hardware.
-Installing under-cabinet lighting.
-Replacing light fixtures.
-Replacing outdated shelving with pantry and cabinet organizers to maximize space.
-Baking cookies or cupcakes for a showing, to create a homey smell.

Tip #8: Stage furniture
Furniture placement can enhance the space of your home while giving buyers an idea of how to best utilize the space with their own belongings. Take some time to rethink how different areas in your house could be used. Some ideas to think about include:
-Moving couches and chairs away from walls in your sitting and family rooms to create cozy conversational groups.
-Creating a reading corner in the master bedroom.
-Clearing an empty room to set up a reading space.
-Turning an awkward space into a home office.
-Setting the dining room table with your best china.
-Set wine glasses in front of the fireplace or next to a Jacuzzi tub.

Tip #9: Light up the house
Create a sense of openness and cheerfulness in your home through its lighting. To improve the lighting try:
-Opening shades and drapes to let the sunshine warm and brighten rooms.
-Installing brighter light bulbs in rooms that tend to be dark.
-Adding additional lamps for ambient lighting.
-Turning on all the lights for a showing.

Tip #10: Add fresh touches
You can easily add color and style to your home by adding fresh touches throughout. Some ideas to consider include:
-Placing fresh floral arrangements in the entry and master bedroom.
-Placing bowls of bright-colored fruit in the family room and the kitchen.
-Filling an empty corner with a potted leafy plant.
-Setting new hand soap in the bathrooms.
-Displaying fresh towels near sinks.

I saw this article about 10 Tips to Improve Your Home’s Appeal and wanted to pass it along to you.  Even though it is geared towards selling your home, it works just as good as remodeling it for your own enjoyment.

August 8, 2010

 I saw this article and wanted to share it with you.

10 Value-Adding Home Improvement Projects

By Paige Tepping

RISMEDIA, August 7, 2010–Now that summer has arrived, homeowners across the country are taking advantage of the warm weather by tackling home improvement projects they have been putting off. If you are looking for ways to add value to your home, the following home improvements may be just what you’re looking for.

Tip 1: Remodel your kitchen
Kitchen updates are one of the best ways to increase the value of your home. Adding modern appliances and refacing your cabinets to give it a more modern look is well worth the investment.

Tip 2: Add a Garage
Homes with at least a two car garage are more attractive to potential home buyers. Having a home with a small garage is almost as bad as having no garage, so consider upgrading before putting your home on the market.

Tip 3: Remodel your bathroom
Bathrooms are very important to home buyers. Just as with the kitchen, home buyers look for modern conveniences. Adding a Jacuzzi bathtub, painting the walls and adding appropriate flooring will go a long way toward increasing your home’s value.

Tip 4: Install the right flooring material
Natural materials such as wood and ceramic are popular among home buyers today. Laminate flooring is a good option, as well, as it creates a natural look without the headaches associated with natural flooring materials.

Tip 5: Install granite counter tops
Granite counter tops are popular in both kitchens and bathrooms. These countertops are low maintenance and quite attractive and can add significant value to your remodel.

Tip 6: Increase curb appeal
Your home needs to grab a potential home buyer’s attention and look great as soon as he or she pulls in the driveway. Add flowers to the outside of your home and make sure it looks bright and cheery.

Tip 7: Add natural light
Home buyers like homes that are bright and cheery on the inside as well as the outside. Look for places to add windows or patio doors that will allow more natural light to come in.

Tip 8: Open up the space
Homes with an open floor plan are more valuable to home buyers than those that feel closed up. Knock out walls wherever possible and open your home up. A great place take out a wall is between your kitchen and your dining room.

Tip 9: Apply a fresh coat of paint
A fresh coat of paint makes a home look new again. When repainting walls, choose neutral colors that don’t stand out too much. Bold colors may be attractive to you, but they may be a turnoff to potential buyers.

Tip 10: Clean up clutter
A cluttered home appears small and dirty. Make certain all clutter is cleaned up on the inside and the outside of the home. Rearrange furniture or remove furniture in order to make the home feel less cramped.

 

 

Why isn’t my loan modification getting approved?

February 18, 2010

Many of us have friends or relatives that are applying for a loan modification.  It is a confusing world so I would like to give you some information that should be useful.

1. NO UPFRONT FEES

Effective October 11, 2009, the National Association of Realtors helped pass a law to protect borrowers with financial hardships.  It reads that “no persons, including real estate brokers/agents and attorneys, may obtain an advance fee for negotiating any form of loan modification.”  Unfortunately there are still many brokers and lawyers collecting advanced fees for this service.  It is strictly illegal.  If you come across anyone who is requesting an upfront fee to modify your loan, please report them to your state attorney general.  For California, click on the link: http://ag.ca.gov/loanmod/

2.  AGENCIES THAT HELP WITH LOAN MODIFICATIONS

If you are considering working out your loan, there is no need to pay anyone.  Go to either of these websites:

www.MakingHomeAffordable.gov    or     www.hopenow.com

3.  TIPS

A.   Don’t ignore letters from your lender or loan servicer.  Responding to those letters is your best bet for saving your home.

B.  Don’t transfer title or sell your home for a “foreclosure rescuer”.  This is a scam to convince homeowners they can stay in the home as renters and buy their home back later.

C.  Don’t pay your mortgage payments to anyone other than your lender or loan servicer.

D.  Never sign any documents without reading them first.  Many homeowners think they are signing documents for  a loan modification or for a new loan only to discover that they actually transferred ownership of their home to someone who is now trying to evict them.

E.  For more details, click on http://ag.c.gov/loanmod/

4.  GOVERNMENT OVERHAULING LOAN MODIFICATION SYSTEM

People have been trying to avoid foreclosure by applying for a loan modification with their lender.  Some people have felt they were getting the run around; some would get a trial modification but not a permanent one; and some never heard back in time before losing their home.  Lenders have been slow and/or neglected to collect the necessary documents upfront which created a bottleneck of responding to borrowers.  So the federal government has stepped in.

The federal government stated on January 28, 2010 that it would overhaul the current system.  The new procedure goes into effect June 1, 2010.  It will require lenders to get three documents upfront:

a.  a formal application including a description of the hardship created by the mortgage;

b.  proof of income, which would mean at least two pay stubs or the most recent profit and loss statement for self-employed borrowers; and

c.  a form authorizing the Internal Revenue Service to release tax data to the servicer.

Under the plan, lenders will be required to respond within 10 days to an intial request for a modification.  Once documents are provided, the servicer will have one month to tell borrowers whether they qualify for a trial modification.  If the borrower makes three payments at the modified rate, the modification will automatically be made permanent.

I hope this helps with any confusion but encourage you to also talk with a trusted accountant or attorney.

If you know of anyone who would like to sell their home or would like to buy a home now to take advantage of low interest rates, I would very much appreciate your referrals.

Patricia Norwine          www.PatriciaNorwine.com          2/18/2010

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February 15, 2010

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