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Karen Picarello

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3 Cosmetic Home Improvements that Increase Your Home’s Value

by Karen Picarello

When looking to sell a house, there are several factors which will determine its marketability. You can’t do a whole lot about its area or square footage, so those are for the most part fixed. And extensive renovations can be quite expensive. Also, it can be expensive to replace or fix broken or poorly maintained systems, such as electrical or plumbing. These might still need to be done, but we will talk about those some other time. Fortunately, there are things you can do to increase the value of your house with much a smaller time and financial investment needed.

Renovate the Bathroom

One of the areas of the house that can make a huge impression on a potential buyer is the bathroom. A decade old bathroom can look horrible compared to a modern well-lit and stylish room. This is one of the few areas of the house where you can make a few hundred dollars of cosmetic changes, and completely change the feel of the room. Additions like new tile, a new countertop, or an updated shower are all relatively fast and easy upgrades that dramatically increase the appeal of the property. You want your potential buyers to be seeing themselves in this room, and liking it.

Renovate the Kitchen

The kitchen is matched with the bathroom for ease of renovation. While it can cost quite a bit more for a complete overhaul, a gleaming modern kitchen is a huge selling point for potential buyers. Redoing cabinets, replacing sink fixtures, and simply installing better quality lighting are all things which can be done to make your house appear more desirable. Remember, that home buyers can be subject to the same irrationality that hits buyers everywhere: if you show them something that they really want, they will struggle to walk away. Making these cosmetic investments can change a reluctant buyer to an excited future homeowner who might be willing to negotiate differently.

Replace or Clean Windows

Dirty, stained, or aged glass is huge cosmetic scar on what can be an otherwise attractive property. Replacing or cleaning windows can hugely change the way a room appears, both from outside and within. A new window gives the impression that the entire room is newer, recently renovated, or of higher quality. Taking the time to replace or upgrade the glass in your home can be a fantastic cosmetic investment that increases the appeal of your property. 

National Housing Trends: Homebuilder Confidence Index on the Rise

by Karen Picarello

One of the things to keep in mind when observing the housing market, is that price is affected by many factors. Keeping an eye on both national and local factors is critical when looking to get a good idea of the future of the housing market. To this end, there are organizations which assess and report trends in the housing market. The National Association of Home Builders (NAHB) releases monthly assessments of homebuilder confidence. The NAHB homebuilder confidence index is a look at how optimistic homebuilders are sales of single family houses in the near future. So, what does it all mean, and why is it happening?

The index is compiled through survey of home builders. They are invited to rate their current sales as well as what they expect the next 6 months to look like. Their scores are compiled into an aggregate rating, with scores above 50 being positive, and scores below indicating negative sentiment. Currently, the score is 71, indicating a lot of confidence about the future of the housing market.

While the index jumped after the election which cemented Donald Trump as the president, it slid in the first two months of his presidency before jumping again in March, this time to the highest level in 12 years. The changing political climate is a major factor in the home market. So, a large part of the rise is that builders believe changes in the laws and regulations governing housing will change to affect them positively. One of the main factors is that Donald Trump has sworn to repeal and remove many of the environmental regulations on the construction of new houses. As builders have seen congress and the president moving in this direction, they understand that less regulations will mean cheaper construction.

What this means, is that we could end up seeing a stronger home market in the next few years. While it is important to keep an eye on a number of market factors, this one suggests that there could be increased construction and sale of homes. While the housing market has largely recovered from the Great Recession, many homeowners and businessmen stand to profit if the housing market goes through a boom.  However, we will have to wait and see what surprises await us in the coming years. While things look good now, it remains to be seen whether or not these confident expectations will be met. 

Ready, Set, Sell!

by Karen Picarello


 

~~Scottsdale home improvement ideas usually are reserved for homeowners who want to make their homes bigger, more attractive or more modern. However, many home improvement steps can be taken to prepare your home when it comes time to sell. If you’ve made the decision to sell your home, it’s not just a good idea – sometimes it’s a necessity – to make your home as attractive and presentable as possible for prospective buyers. Here’s how.

Be Ready to Hit the Market Running Listing your home for sale isn’t a decision to be made lightly. In addition, putting your home on the market before you’re ready or it’s ready can severely hamper your ability to sell it for its full value. Make sure you prepare your home for the real estate marketplace. Follow these Scottsdale home improvement ideas and make the best impression you can for potential buyers to sell your home quickly and for the best price.

Scottsdale home improvement ideas include de-cluttering the house in preparation for selling it.

Clean and Declutter Your Home While it may sound cliche’ to some, we can’t emphasize enough how important it is to make sure your home is clean and free from unsightly clutter. Follow these steps and you’ll be glad you did when you receive an offer that’s at or near your full asking price.
•Remove as much clutter as possible before you start to clean. There's no better time to get rid of unwanted items and things you’re just tired of staring at each day (we’re talking about objects, not family members!) You can donate unneeded items to a local charity, or have a yard sale if you have larger items. In addition, recycling companies are usually more than happy to come pick up large metal items – often at no charge.
 
•Give your house a good deep-cleaning. While this step will take the largest investment of time, it will also yield the best results. Try to involve the entire family and assign everybody a task or two. Make sure you give necessary attention to the bathrooms and kitchen – lots of women who will ultimately make the decision on the house purchase will be looking them over closely. Lastly, clean the inside and the outside of your home’s windows. You’ll be surprised how it will make your home sparkle – and buyers will notice!
 
•Take the time to organize your closets, cabinets and drawers. Don't just stuff them with things you want to get out of the way. You’ll be surprised at how many prospective buyers will open cabinets and closets so they can get an idea of the amount of storage space they contain. Clean, organized cabinets, drawers and closets will give the buyers the impression that you take care of the home – which may translate into a feeling that the rest of the home and its systems are well-maintained, too.

Make Do-it-Yourself Repairs One of the next Scottsdale home improvement ideas – and possibly one of the least expensive – is to perform various repairs to your home you can take care of all by yourself with a little time and know-how.
•Fix leaky faucets and running toilets
•Replace the caulking around showers, tubs and sinks
•Repair or replace grout, if necessary
•Repair cracks, stains, or nail holes in walls and repaint them in a neutral color
•Fix cracked, broken or discolored windows
•Replace or repair damaged or missing window screens
•Replace burned-out light bulbs or fluorescent tubes

Improve Your Home’s Curb Appeal The old adage, “You never get a second chance to make a good first impression” is never truer than when you’re showing your home to prospective purchasers. If they don’t like what they see in exterior photos online or in person, chances are they may not look further. And, if your home’s curb appeal is just “average,” most buyers may adopt the feeling the rest of the home is “average,” as well. You want to “wow” your buyers. Make them love what they see on the outside and they will look forward to seeing the rest of the house. Consider these “spruce-up” tips for your home’s outside, too.
•Trim the bushes, shrubs and trees in your yard
•Fix broken downspouts and gutters
•Apply new mulch as needed to give your planted areas a fresh, clean look
•Clean and repair concrete or stone areas such as driveways and walkways. Pay close attention to oil stains and weeds or grass growing through the cracks.
•Add some flowers to give your lawn and garden a little more color. Add a new doormat to your doorstep or front porch area. Ensure that the house numbers are clean and easy to see.

As you can see, with a relatively small amount of time, attention and expense to your home, these and a few of your own Scottsdale home improvement ideas will help you give it a renewed appearance – making it more attractive inside and out to prospective home shoppers.

You can find more articles pertaining to Scottsdale home improvement ideas in the Scottsdale Home Improvements section of our site below Scottsdale Real Estate Categories in the column to your right. We also post tips daily on Twitter and Facebook and would love for you to follow us there as well.

Should I Buy a Home Now?

by Karen Picarello

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 81-84 of 84

Contact Information

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TeamPicarello
RE/MAX Fine Properties North Scottsdale
21000 N. Pima Road, Suite 100
Scottsdale AZ 85255
Office: (480)860-8733
888-548-8713
Fax: (480)860-8755