Hot Home, Cool Market
Homeowners everywhere are facing challenges with the decline in the housing market. In fact, even the most valuable luxury home plans are decreasing more and more in value over the life of the weak economy. Whether or not homeowners are in the market to sell, they do not wish to see their home value decline in a “cooling market.” So what steps can a homeowner make to create a “hot” home in a “cool” market? Making a few basic renovations to your home can help to achieve a valuable, impressive home that withstands the challenge of a “cooling” market.
Not Sure Where to Start?
Start with basic maintenance. Ensuring the plumbing, electric, and gas are in good condition can save you much hassle later. Hire a home inspector in your area to walk with you through your home pointing out areas which may be problematic. Not addressing the problems your home may have can cost you down the road. Completing small maintenance projects will also ensure your home’s value. Repair doors that may not close properly or replace light switch plates that are cracked. Strive to complete a few small maintenance projects annually so the task will not be overwhelming when it comes time to move.
Go Green.
Energy-efficient upgrades hold their value in a “cool” market. Bigger projects may include installing Energy Star windows or replacing an old water heater with a more efficient tankless model. These changes will not only save energy and cut bills but are appealing in our country’s effort to “go green”.
Out With the Old
Updating out-dated or worn hardware in quaint country house plans can add a more aesthetic appearance, while also increasing the value of your home. Start with the front door and other exterior doors since these are the welcoming areas of your home. Then, move to the kitchen and the bathrooms and replace worn-out or outdated fixtures such as knobs, handles, or faucets, with more appealing fixtures that will improve the look and feel of your home as well as its value. But remember, modernizing your home does not mean trendy. Create a look that is consistent with the rest of your home.
Freshen Up
A little paint will add much life and freshness to your home. A new coat of paint to the walls and woodwork cover up dirt, scuffs, and chips that scream wear and tear in your home. Be sure to fill in any chips or cracks with a coat of putty and then sand to smoothness before applying paint. Don’t forget doors and ceilings, too. If you are considering selling your home, keep in mind that neutral colors allow buyers to envision their own decorating ideas. Freshen up by removing clutter, not rearranging it. Wash windows and clean your carpets.
Curb Appeal
While interior changes and upgrades are important to the value of your home, do not neglect the outside by allowing it to be an eyesore. Unless your exterior is maintenance free, apply a new coat of paint and touch up the trim. This not only improves the look of your home but also provides an important layer of protection against the weather. Or give your house, porch, and railings a good scrubbing. Tidy up your yard by removing debris, cutting the grass, weeding, and trimming shrubs and bushes. Place flowerpots neatly around your porch or patio to add blooming color to your landscape. Sweep the porch, deck, and walkways. Tuck garbage containers out of view. Keep in mind that you never get a second chance to make a first impression and the exterior is the first impression one has of your home. Give it as much curb appeal as you possibly can so it stands out in the neighborhood.
Where Does It End?
Maintaining your home does take commitment and time, but the end result will be well worth it. Tackle the projects that need the most improvements first, particularly the ones that will protect your home from deterioration and damage. Begin by walking through your home and listing the areas that are in good condition and the areas that need improvements. Set a budget that is consistent with your finances and your time and then start making changes! Your reward will transform your home into a “hot” home in a “cool” market, whether you live in an old-fashioned country house plan or a more modern luxury home plan.
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