Home Renovations to Avoid When Trying to Increase a Home’s Value

If you’re planning on putting your house up on the market in the near future, then you might be thinking about investing some money into renovations in order to boost the value of your property and to make it more attractive to potential buyers. However, you should be very careful–not all renovations will improve your home value, which means some could simply be a waste of money. The following are a few renovations you should avoid:

  • Installing expensive light fixtures – Upgrading your lighting to more energy efficient bulbs is one thing, installing high-priced fixtures is another. A giant chandelier in the dining room will not only not improve your home value, it may not be to the liking of some homebuyers.

  • Adding a pool – You might think that a pool would greatly improve both your curb appeal and your home value, but all it really does is add a safety risk to your property as well as an inconvenient feature that needs to be constantly maintained (and is costly to keep maintained). 

  • Using bright and bold colors – If you’re repainting the interior or exterior of your home, go the safe route by using neutral colors. Even though you think that bright and bold colors may help give the house a more unique aesthetic, you’re turning off a large percentage of homebuyers who won’t feel the same way. 

  • Upgrading too much – Upgrading the bathroom and kitchen’s outdated elements is a good idea. But don’t go overboard replacing everything with high-end appliances and materials. While you’ll increase your home value, you may end up paying more for the renovation than you would get back.

If you’re looking for ways to increase your home value before you list it, avoid these renovations. For more professional home selling tips, contact Randy Lindsay today.

Money-saving Tips For Cross-Country Moving

moving truck

Moving across the country is no easy task. It takes a lot of planning to make sure that everything goes smoothly. It can cost a lot more to move such a long distance as well, especially when compared to local moves. Fortunately, there are still ways that you can save some money. The following are a few moving tips to help you save money moving across the country:

  • Invest in high-quality moving boxes – Don’t use flimsy boxes to pack your things. Use high-quality boxes that will hold together over a long trip. They’re going to be stacked on top of each other shifting around in the back of the truck, after all.
  • Purchase moving insurance – Movers will carry basic moving insurance, but it will be limited to a certain amount per pound. You’ll want to purchase additional insurance to make sure the actual replacement value of your belongings will be covered.
  • Donate unneeded items – Sort through your belongings and sell, donate or toss all items you don’t need or never use. The fewer things you have to load and unload, the less expensive the move will be.
  • Find a reputable, experienced mover – Don’t just hire the cheapest mover. Doing so is a good way to lose or damage items (or fall behind schedule). Look for a mover that has long distance moving experience as they will know how to handle the specific challenges that a cross-country move presents.
  • Book accommodations in advance – Do your research to find affordable hotels to stay in during your trip so that you don’t end up booking more expensive rooms last minute.

These may seem like simple tips, but they will help you save money on your cross-country move.

5 Tips for a First-time Home Seller

selling a homeSelling your first home can be a daunting task and a stressful process to boot. If you are planning on selling a house for the first time, then you’ll want to make sure that you keep the following tips for first-time home sellers in mind:

  • Price your home properly – Don’t just add the cost of any renovations you’ve made on top of how much you paid for the house. That’s not how pricing works. Compare your house to similar properties that have sold in your area to determine what its value actually is. Overpricing your house will make it really difficult to sell.
  • Repair your home – You don’t want to invest too much into your home in an attempt to raise the selling price or draw more buyers. However, at the very minimum, you should make all necessary repairs, both major and minor. Even small issues could turn buyers off.
  • De-personalize your home – When showing your house, take down personal items, like family photographs or drawings. Try to create an inviting but neutral space.
  • Don’t cut corners marketing your home – Invest in your listing. Showcase the features that make your house unique and have a professional photographer light your home to take high-quality pictures instead of just snapping photos using your smartphone.
  • Hire a professional real estate agent – A real estate agent will be able to help you with all of the previously listed things. Additionally, they will have connections throughout the local real estate market, which means that they can connect you with homebuyers who are seriously interested right off the bat.

Be sure to keep these tips for first-time home sellers in mind if you are new to the home-selling market.

The Cost of a Bad Credit Score When Buying a Home

bad credit scoreYour credit score matters. If you’re planning on buying a house, one of the first things you’ll want to do is check your credit. If you have bad credit, it can greatly affect your ability to qualify for a mortgage with beneficial terms. The following are just a few ways in which having bad credit can effect you when buying a house:

  • Qualifying for a mortgage – Your credit score helps lenders determine how financially responsible and capable you are of paying your mortgage payments on time and in full. The lower your score is, the bigger of a risk you are. If your credit score is particularly bad (say, sub-500), then the lender may refuse to even qualify you for a mortgage.
  • Larger down payments – The less you owe, the less of a risk you’ll present to the lender. This means that if you have bad credit, the you may be required to provide a larger down payment to help offset the risk that the lender is taking on you.
  • Higher interest rate – If you have bad credit, then odds are your interest rate is going to be quite high. Not only will your monthly mortgage payments be higher, but you’ll end up paying much more over the initial cost of the house once you’ve finally paid off your home mortgage loan.

These are some of the ways that bad credit can affect you when you buy a house. Even if you are able to qualify for a mortgage with your bad credit score, you may want to consider holding off and working on improving your credit. Doing so can help you obtain better terms, which will benefit you over the long run.

Does Holiday Decor Help or Hurt When Selling a Home?

no Christmas treesOne of the basic rules of selling a home is to dress it in a way that attracts as many buyers as possible. It’s why a lot of real estate agents recommend using neutral colors instead of bold colors when it comes to the interior. During the holidays, you might be a little hesitant to decorate in accordance to the holidays. The last thing you want to do is offend a potential buyer due to their religion. However, that doesn’t mean you should just ignore the holiday season altogether.

Decorating For the Holidays

Ignoring the holidays altogether when you decorate your house is generally not a good idea. This is because the majority of the buyers that come in to look at your house will acknowledge the holiday season even if they don’t participate in it. Decorating your house for the holidays will make your home more inviting and will make it easier for potential buyers to see themselves living in your house. Keeping that in mind, the following are a few basic tips for decorating for the holidays:

  • Avoid using religious decoration, such as manger scenes.
  • Avoid personal decorations, such as family photos or stockings with your family’s names on it.
  • Don’t use too many decorations. You don’t want your home to look cluttered.
  • Stringing holiday lights or hanging up wreaths are great examples of non-religious holiday decorations.
  • Don’t add a holiday tree. This is not because of their religious connotation but because a tree can take up too much space and will draw all the attention away from any architectural features you may want to show off instead.

Don’t be afraid of decorating the house you’re selling during the holidays, just make sure that the decorations are appropriate.

MY BIO

Randy has enjoyed over 27 wonderful years in the Real Estate industry making dreams come true for homeowners.

Superior customer service is #1 to Randy and he provides this to all of his clients using knowledge, professionalism, integrity and persistence.

Randy is a successful and experienced real estate agent who expertly represents both buyers and sellers. Scores of Charlotte area residents have trusted Randy in the process of listing their homes to sell.

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