Which Type of Updates Appeal to All Buyers

DSC01243While all buyers are looking for different things in a home, there are some common updates that they tend to all have on their wish list. In addition to increasing the value of your home, making the updates we have listed below, will also help attract buyers should you decide to sell your home. Dean Graziosi states that buyers who find a home with features they like are more likely to make an offer than other buyers. If you’re interested in finding out which types of updates appeal to all buyers, continue reading.

• Kitchen – This is typically the room that gets the most attention from potential buyers. If your kitchen features updated appliances, cabinetry, and countertops your home will definitely attract attention from buyers. If your appliances are outdated, you should definitely consider updating them before you list your home. Updated appliances are something that all buyers are interested in because it means they will have to spend less money later down the road. The cabinets in a kitchen tend to be the first thing that is noticed by anyone who visits your home. If your kitchen cabinets have seen better days, you may want to update them with a newer, more modern design. Countertops are the next area in your kitchen that will likely get noticed. If your existing countertops show signs of age and wear, you may want to upgrade them to a newer, more appealing design. The top choices for countertops tend to be granite and tile.

• Flooring – This is often one of the most overlooked updates by sellers, but the one that potential buyers tend to notice. If the flooring throughout your home hasn’t been updated for years, you may want to consider doing so now. Not only will installing new flooring increase the value of your home, it will also make it more appealing to buyers. The top choices in flooring tend to be wood, tile, and natural stone.

• Plumbing Fixtures – This is perhaps one of the easiest and cost-effective upgrades you can make to your home. If your current fixtures are more than ten years old, you should definitely consider replacing them. When replacing your fixtures you may want to opt for more modern, appealing choices such as, brass, antique copper, and brushed nickel. In the kitchen you may want to install a faucet that features a sink sprayer.

• Master Bedroom – If your master bedroom doesn’t feel special, it likely won’t appeal to
potential buyers. You can make your master bedroom more appealing by updating the lighting fixtures and freshening up the paint. You may also want to invest in new bed coverings as well,this will help make your bed to focal point of the room and catch the eye of buyers.

Preparing Your Deck for Summer

deckAs we enter summer, it’s time to start making sure that your deck is in great shape and ready for all of the grilling and gathering that will take place.  No matter what type of material your deck is constructed from, you should perform regular maintenance to ensure that it continues to perform well and last for years, states Dean Graziosi.  Regular maintenance will also help prevent small problems from turning into larger ones which are more expensive to repair.  So, before you fire up the grill for the first time, you should perform some relatively simple steps to prepare your deck for summer.

The first thing that you should do is conduct a complete inspection of your deck.  During this inspection, you should look for any damaged or loose board and railings.  If you notice any areas that may have become loose, you should tighten the nuts and bolts.  If you see any boards that may have become splintered over the winter, now is the time to sand them and reseal them.  You should also take a close look at the base and foundation of the deck looking for any cracks or other noticeable problems.  It is recommended that you perform any repairs before you clean the deck.

Once you have taken care of any repairs that were needed, it is now time to thoroughly clean your deck.  To begin the process you should sweep away any debris that may be lying on the deck and in between the gaps of the boards.  You may think that using a power washer is the way to go, but if you do not understand and know how to operate one, you may actually end up causing more damage.  It is recommended that you use a stiff-bristled brush and garden sprayer.  If your deck is constructed from vinyl materials, you can simply use soap and water to clean it.  However, if your deck is made from wood, you may want to purchase a cleanser that is specifically designed for cleaning wood decks.

The final step in the preparation process is to seal your deck.  This is only necessary if your deck is made from wood.  If you have a vinyl deck, your work is done.  To provide your wood deck with an extra level of protection, you should seal it each year.  It is important that you begin the sealing process when you are sure that you are going to have a few days of nice weather and no rain.  You should thoroughly clean your deck and lightly sand it prior to applying the sealant.  Dean Graziosi states that once you have properly sealed your deck, you are ready to begin enjoying the warm summer weather.

Do You Need More Home Insurance If Your Value Recently Increased

insuranceDean Graziosi states that it has become more common for homeowners to track the value of their home.  This can partly be attributed to the recent housing crisis, in which many homeowners saw the value of their home decrease dramatically.  With this extra knowledge, many homeowners are curious as to whether they should increase their home insurance as their values increase.  If you are one of the homeowners who are wondering the same thing, I thought you would benefit from my experience.

To help you understand how real estate prices and home insurance values relate, I thought it would be a good idea to explain each one.  Real estate prices are primarily established by the demand in that particular market.  The higher the demand is for a home, the higher the price a seller can ask.  The price of the home also depends on a number of other factors, such as, location.  In the real estate market, location is probably the most important factor that goes into deciding the price of a home.  If you are selling a home in an up and coming neighborhood, this popularity can affect the price of a home in that area.  If a home is located in a great school district, this can also be a factor for buyers who have young children.  But just as with all fads, popularity and the demand for homes in a particular area can decrease.  When this happens, the value of homes in that area can decrease dramatically.

When it comes to purchasing home insurance, homeowners typically base the amount of coverage they purchase not on what was paid for the home, but by purchasing sufficient dwelling coverage.  This will allow you to rebuild your home in the case that it experiences damage from fire or other natural disasters that are covered by the policy.  Insurance agents decide on this amount by taking certain information into account.  Some of the factors that are used are known as replacement value of your home.  This includes the size of the house and what it would cost in your area to rebuild the home.

Insurance companies will also take into consideration how big of a risk is presented by the home and the homeowner.  Once again, location is an important factor in deciding the insurance coverage you should purchase on your home.  The area in which your home is located can determine the most common types of threats that your home is vulnerable to.  If your home is located near a forest or a tornado prone area, you will likely end up paying more for insurance than in other areas.

The best way to determine if you should purchase additional home insurance is whether there has been a change in the replacement value of your home.  This can be determined by finding out if there has been an increase in building costs in your area; and if you have made any recent renovations to your home, states Dean Graziosi.  If either of these factors relate to your home, you should consider purchasing additional home coverage.

How to Raise The Value of Your Home

valueIf you are considering selling your home, you may want to find ways to raise its value before putting it on the market. There are plenty of renovations and changes you can make to do this, but you’ll want to be sure to check the cost before deciding. Dean Graziosi understands the difference between necessary repairs and adding value, and has provided this information for you to consider.

There’s a big difference between necessary repairs and adding value to your home. Some repairs need to be made before the house ever goes up for sale, while changes made to actually increase the value of your property are used to get you more money. So what raises the value of a home these days?

Bonus rooms are a big hit. This doesn’t mean you should necessarily build one, but it does mean possibly reinventing space you already have in order to accommodate modern amenities. For example, a small bedroom would make a great office or study while a rarely used den could be turned into a game room. Outside areas can be enclosed and equipped with outdoor kitchens or other options for entertaining. It’s all in how you want to create the space so be creative.

If you aren’t sure what to do about some extra space you are not using, leave it empty. Prospective buyers can use their imagination to determine how they would effectively use it.

Update your kitchen. As an article on bankrate.com points out, the kitchen is a critical room in the home. It’s where a lot of activity takes place. Nice large ones can be equipped with islands, bars, or tables, but smaller rooms can still have a lot of appeal. While you probably can’t actually enlarge the room itself, you can make some simple changes that will make all the difference in the world.

Take a look around your kitchen and assess the need for updates. How old are the appliances? Could they use replacing? Should you also replace cabinetry and hardware? What about the floors? Sure this can get pricey, but you won’t need to do it all at once. If you plan far enough in advance, you should be able to make all the necessary changes before it is time to even consider putting your home on the market.

Have you considered a swimming pool? While pools are a lot of work to maintain, they do add value to the home, especially if they are in-ground.

What about a storm shelter? Depending on where you live, this may be a very relevant renovation to consider since it can actually help save lives.

There are many projects that can raise the value of your home. Before tackling any, obtain costs and know just what they will entail. You can learn more about this and other real estate topics by visiting Dean Graziosi’s website.