So… Is It Time to Renovate the Bathroom?

Let’s tackle an age old homeowner question, “So… Is It Time to Renovate the Bathroom?” Well since I’ve never seen your bathroom, that’s a question you’ll need to answer yourself. 🙂 With that said, it is something that does bring value to your home! The best way to inject freshness back into your bathroom is by redoing the walls. Tile wasn’t made just for the floor! Bathroom remodel

Consider these:

  • Accent tile above the vanity adds a bit of glam at a low price.
  • White subway tile is a classic look that can be paired with any other patterns or colors. Choose a dark-color grout to avoid visible mold stains.
  • Three-dimensional tile can echo another time period and is a unique decoration.
  • Create a tile rug using a different pattern of tile in the middle of your floor. You don’t have to do a whole renovation for this — simply remove some old tiles and pop in the new ones.
  • Tiles add texture and personality to a bathroom, so don’t be afraid to play it unconventional.

You know you want a new shower and bath and there are some gorgeous ways out there to bring the spa into your en suite.

  • Frameless glass showers are getting big right now, and for good reason: They look sleek, clean easily and help aging family members have easy access. Having an ADA-compliant house may also increase your resale value.
  • Freestanding tubs may add to your water bill, but they’re great for a bubble bath.
  • Shower benches bring relaxation into the shower — add steam, multiple showerheads or a rain shower for extra luxury. (If you add a steam feature, be sure to add a vapor barrier to the ceiling and walls to prevent moisture from rotting the wood.)

An absolute necessity is some good storage in your bathroom. Towels, hairdryers and more must have their place.

  • Vertical cabinetry is stylish — go up whenever you can.
  • Floating vanities are all the rage right now, as the open space between the vanity and the floor adds an airy quality to the room. Add cabinets to turn art into extra storage.
  • Antique or interesting furniture can also provide storage with a unique twist.
  • Mix up open and closed storage to prevent the monotony of a cabinet wall.
  • As much as possible, remove cabinetry to make room for other, more rewarding bathroom features.

Amenities are the most fun part of renovating, when you get to add all those exciting features.

  • Radiant-heat flooring under stone floors can bring warmth to a cold winter day.
  • Seating in the bathroom can give you a place to relax in the morning; consider an ottoman or a window bench.
  • A fireplace can be classy and soothing.
  • Bring in some radio or music with a Bluetooth speaker or showerhead; if you really want some entertainment, go for a TV.
  • Heated towel bars ensure your towel is warm when you get out of the shower.
  • Windows and skylights fill the bathroom with natural light.

Budget carefully and you could have your own five-star spa without breaking the bank. A bathroom reno can let you live in luxury every day.

 

Is it risky buying a new home before selling a home you currently own?

Is it risky buying a new home before selling a home you currently own? There is no simple answer… Knowing and understanding your options can help you make the decision that’s right for you. There can be several advantages to buying a new home before selling your current one, so we’ve broken down a few things you should consider.

Timing Your Move
You can take your time with the buying and moving process. You’ll have more time to shop for a new home that has the features and location that you want. Then once you buy your new home you can move in at your own pace, and put your current home on the market when ready. buying a home, selling a home

On the other hand, if you sell your current home before buying, you face the possibility of not having a place to live. There are options. You could rent until you buy a new home, including the possibility of renting your current home from the new owners. Or, once you have an offer, you can begin shopping for your new home and try to coordinate closing dates. While not impossible, this would take a bit of finagling and a lot of luck.

Financing Your Move
If you still owe money on your current home, then you’ll have to be able to afford two mortgages until your current home sells. How quickly that happens depends on the housing market in your area. Having two house payments will limit your purchasing power for a new home.

Selling before you buy gives you the advantage of knowing the exact amount you can put toward your new home purchase. While this might give you more peace of mind and buying power, it might mean missing out on homes you want while waiting for yours to sell.

Ask a Professional
Your real estate agent can estimate the value of your current home and how quickly the current market is moving. They can also help you find information about neighborhoods you are interested in moving to and how much buying power you’ll need for the home you want.

A mortgage lender can help you figure out if you can afford to have two mortgages. They can also inform you about how to use equity in your current home to help with the down payment on a new home.

Whether you decide to buy first or sell first, you can make the process easier by being prepared and able to take action when the right opportunity comes along.

Have more questions about buying a new home before selling your current one? Feel free to contact me for more information.

Working to Get a Good Deal on a Home Purchase

Is This Your Situation: Working to Get a Good Deal on a Home Purchase? Homebuyers want to shave off as much money from the sale price as possible, and home sellers want to squeeze every last dollar they can out of the deal. So how do you know whether you’re getting a good deal on a home in today’s market? Here are 6 factors you must consider to help you get a great deal on your new home.
Working to Get a Good Deal on a Home Purchase
Start with a CMA

CMA, which stands for Comparative Market Analysis, is your first step in determining whether or not you’re getting a good deal on a home. Take a look at homes similar to the one you’re interested in to get a sense for how much the one you are considering buying is worth. Make sure that the homes you look at are in the same neighborhood as the one you’re interested in and are in similar condition. Don’t compare it against a foreclosed home if the one you’re interested in isn’t in foreclosure (and vice versa).

If the home you’re after is priced at or below the market value of comparable homes, then you’re most likely getting a good deal. If it’s above that, then it’s not as much of a steal.

Is the seller throwing in any “extras”?

A good deal on a home comes in lots of shapes and sizes. See what the seller is willing to offer to sweeten the deal. If the seller has agreed to help pay for some or all of the closing costs, that should be factored into whether you’re getting a good deal. Are they offering an allowance to pay for repairs and/or upgrades to the home? That could save you money in renovation costs, if any are needed.

Do the math: What’s the LP to SP ratio?

Have your real estate agent help you calculate the LP:SP, which simply means the ratio between the listing price and the sale price. If you’re getting a good deal, the ratio will be more than one, meaning that you are purchasing the home for less than its listing price. However, if the ratio is less than one, try to negotiate a better deal with the seller.

Is it a seller’s or buyer’s market?

You must consider whether you are buying in a seller’s market (meaning that homes are selling for more than their listing prices) or a buyer’s market (homes are selling for less than their listing prices). If you’re buying in a buyer’s market, you’re in luck! You are more likely to find a bargain this way. However, if you’re house-hunting in a seller’s market, it will be trickier to get a good deal because sellers have the upper hand. In this case, any extras that the seller is willing to throw in will help make the deal more attractive to you.

What season are you buying in?

Keep in mind that the season you’re buying in has a huge effect on home prices. Summer is usually the most expensive time to buy. There tends to be a lot of inventory during the summer months, but competition drives the prices up. If you really want a deal, hold off buying until the fall or winter, when prices can drop dramatically.

Appreciation opportunities

Appreciation opportunities should also be factored into whether you’re getting a good deal. If you’re buying a home way below the asking price but it’s located in a depressed area with little development, your home won’t appreciate much over the years. However, if you find a more expensive home but the area is “up and coming” with lots of new development, it could be worth the higher asking price because the home will become more valuable in the years to come. Signs of appreciation opportunities include new developments such as malls, parks, bike paths and — sometimes — residential buildings.

To ensure you’re getting the best deal on a home, reach out to us today!