Showing posts with label Housing Markets. Show all posts
Showing posts with label Housing Markets. Show all posts

August 27, 2015

Easy Ways to Get Your Home Ready To Sell

We know you know the basics of getting your home ready to sell – de-clutter, repair, clean and stage. But buyers can be unpredictable. Any number of things – some of them practically intangible – can make them fall instantly in or out of love with your house.  So how do you combat that kind of pickiness? Here are a few tricks of the trade, courtesy of Forbes.com.

Set the welcoming mood. You’ve got curb appeal, but what about “walking up to the door” appeal? Invest in a new doormat and scrub down your front door since it’s probably covered with dust, dirt, and oils. Better yet, repaint it and add some new house numbers and a new porch light.

Wash the windows. Have your windows professionally washed, or devote an afternoon to washing them yourself from both inside and out. Even on gray days, clean windows will let in more light and make your rooms sparkle — and buyers will definitely notice if it isn’t done.

Mind the details. Small details can make your home look dumpy without you even realizing it. Freshen up rooms with new switch plates and outlet covers if yours are grubby or yellowed. Polish handles and hardware, and use a Mr. Clean Magic Eraser to remove minor spots and scuffs on walls.

Get painting. Paint adjacent rooms the same color to give the appearance of an open floor plan. Paint the walls to match your drapes and use the same colors and patterns in the master bedroom and bath. Walls aren’t the only things that need a fresh coat of paint. Dingy doors, window frames and trims will drag down the prettiest of rooms.

Appeal to the senses. Bake a fresh batch of cookies to create a homey feel in the kitchen. Employ soothing scents like vanilla and lavender in bathrooms and bedrooms. Make sure everything is clean and sparkling.

Make your space look bigger. Hang floor-length curtains above the windows to give the illusion of higher ceilings. Lay down a striped rug to make the floor seem more expansive. Use a clear shower curtain to open up a small bathroom.

Fake a closet organization system. Make your storage look custom with DIY shelves, hangers, and bins. Organize clothes by type and color for added impact.

Dress up the laundry area & garage. Make your laundry area and garage look welcoming by adding a folding surface, bins, and baskets for storage, or even installing wall shelves to store laundry accessories as well as sporting goods.

Prepare for snoopers. Buyers will open your fridge, peek in your medicine cabinet, and check under your sinks. Make these areas so tidy that even Martha Stewart would be proud.

De-clutter. You have a lot of stuff. Potential buyers don’t need to see it. The less “stuff” that’s around, the roomier your house will seem. Start packing BEFORE you list your home so that those extra books, clothes and furniture are in storage.

Good luck!

Elite Homes builds beautiful garden home communities perfect for baby boomers 55+ - featuring, single-family, low-maintenance homes, in a relaxing and convenient locations around Louisville.




March 16, 2010

Forbes.com- America's Best Housing Markets

Francesca Levy, 02.19.10, 04:50 PM EST

Low foreclosures, rising home prices and affordability make these parts of the country good bets for home buyers.

Families in the market for a house are shopping at the right time: Nationally, homes are near the most affordable they've been in 18 years. In the fourth quarter of 2009 housing was 62.4% more affordable than the same time a year earlier, according to the Housing Opportunity Index, published quarterly by the National Association of Home Builders and Wells Fargo.

The best place to buy right now: Pittsburgh. For a housing market to be attractive it should have appreciating prices that show homeowners are making wise investments; an affordability rating that gives middle-class families with good credit entry into the market; and a relatively low number of foreclosures, which keeps prices stable and indicates there isn't an excess of inventory.

In Depth: America's Best Housing Markets
Pittsburgh has all three. In the metro area, 85% of homes are affordable to those making the median family income of $62,500. At the same time, foreclosures are low: Only one home is in foreclosure for every 120 housing units--the second-best record of all the cities we ranked; and home prices are expected to increase 2.67% by the end of the year.

Yes, the city has suffered greatly since the decline of its manufacturing-dependent economy. But that slump helped its real estate market dodge the rapid run-up in prices that doomed so many markets after the housing boom.

"Manufacturing cities like Pittsburgh have suffered so much for the last two, three, four years that there’s still a population base in that region, and now those areas are sort of attractive," says James P. Gaines, research economist at the Real Estate Center at Texas A&M University. "Home prices are so low, some service-level jobs can be created, so it's not surprising perhaps that there's been a revitalization of some of those communities."

Behind the Numbers
To find the country's best housing markets, we used the Housing Opportunity Index, a metric created by the National Association of Home Builders and Wells Fargo ( WFC - news - people ) that determines affordability by measuring median home prices against median incomes. Using the 40 largest housing Metropolitan Statistical Areas that the HOI ranks, we then factored in Moody's ( MCO - news - people )Economy.com's one-year forecast for the S&P/Case-Shiller Home Price Index, a measure of sales prices in major markets, to find out where home prices were expected to rise. Finally we included the 2009 Foreclosure report from RealtyTrac, ranking cities by their percentage of foreclosures. We averaged the rankings for all these measures to arrive at an overall score.

The reason for taking all these factors into account is that alone each doesn't say much about a housing market's health. An area could be affordable because prices were dragged down by a glut of foreclosures. Similarly, a low foreclosure rate doesn't guarantee that home-buying is a good investment, as values could be flat or falling. Even looking at home-price forecasts in a vacuum won't tell you everything about a market, since some areas have dramatic price increases ahead due to severe drops back when the bubble burst.

Like Pittsburgh, Columbus, Ohio, might not jump to mind as one of the country's best cities for housing, but job-rich suburbs surround the city and 87% of middle-income families can afford a home. That combination creates significant pull for homebuyers.

Also looking strong is Louisville, Ky., a city whose low foreclosure rate--only 1.15% of homes are in foreclosure, half the national average--illuminates it as one of the cities least affected by this aspect of the dramatic housing market collapse of the past three years. Louisville had less of a market boom than coastal cities and vacation destinations, so it didn't have as far to fall.

Jobs Stability Equals Housing Stability
Strong industries have bolstered some of the cities on our list: The energy sector has kept jobs flowing into Texas oil town Houston, and that effect trickles into Dallas and Austin (which is also buoyed by technology jobs). A good job market means the housing outlook will stay strong. Houston home prices are expected to rise 1.2% by next year; it's one of only four of the markets we ranked where prices won't continue to slide, according to Moody's Economy.com.

Midwestern cities Indianapolis, Minneapolis and St. Louis make our list in spite of middling home-price forecasts because housing in these places is eminently affordable. Indianapolis has the highest HOI in the country, with decent housing accessible to 96% of families making the median income. In places like this the recession has weighed down home prices, but mortgage rates are still at historic lows, giving families a chance to get in on the ground floor.

Some markets are accessible to buyers because of a price slide now, yet still offer wise investment choices. In Minneapolis-St. Paul, which is ranked seventh in HOI, prices will continue to slide this year by three-quarters of a percent; but by 2012 they will have risen 2.82%.

Most real estate markets are struggling, some quite severely, so discussing the best ones is relative. But between the even-keeled housing climate of some Midwestern cities and the job opportunities in Texas, real estate in these areas is worth keeping an eye on.


The original article can be found at:
http://www.forbes.com/2010/02/19/best-housing-prices-personal-finance-real-estate-affordable-homes.html