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Eight Ways To Improve Curb Appeal

Whether you plan to stay in your home for years or put it on the market soon, there are dozens of ways to increase your home’s value. Upgrading the kitchen, adding decks, and making the living area more spacious add to the value of your home by thousands and bring enjoyment for you at the same time. There are other smaller ways to increase your home’s value. One important way is by increasing curb appeal. What does your home look like to a passerby? Following are 8 ideas for increasing your home’s curb appeal.

1. Spruce Up the Front Door

Your home’s front door is like a welcoming smile. Make sure yours is bright and attractive. If it’s in terrible condition, consider replacing it. Otherwise, a fresh coat of paint in a color that compliments your home will do. Polish or replace the doorknob and hardware. A metal kick plate at the bottom will do wonders to cover pet scratches and other damage.

2. Install Outdoor Lighting

Use low-voltage lighting to accent landscaping, the house, or sidewalk. This will also add to safety and security. Don’t worry if you can’t use lights that require wiring. Solar fixtures are available that will do the job.

3. Rejuvenate Your Lawn

Bald spots and weeds on your lawn are an eyesore for your entire property. Make an investment in getting yours up to par. Make sure your grass type is appropriate for where you live. Learn when and how to fertilize, water, and weed it properly. Keep your lawn mowed, raked and edged. If you live in a dry area consider drought-tolerant landscaping.

4. Container Gardens and Flower Beds

Flower beds and container gardens are a wonderful way to brighten curb appeal. If you already have flower beds, get them in shape by pulling weeds, pruning, and mulching. Buy your container gardens ready-made or create your own. Be sure to use plants that will thrive where you live, and consider the amount of sun or shade they will get.

5. Mailbox Makeover

A mailbox makeover is a quick and affordable way to add curb appeal. Choose a hanging dropbox that compliments your home’s trim work. If it sits on a post, give the box and the post a fresh coat of paint. Purchase attractive and visible lettering for the name and street number. Consider surrounding the mailbox with a flower bed.

6. Add Shutters and Accent Trim

Shutters and trim add a touch of subtle beauty to your home’s exterior. If you already have shutters, make sure they don’t have peeling paint. A color change for shutters and trim can revive a tired-looking exterior. If you are adding new shutters, look for shutters made of durable material such as PVC resins or polyurethane. Use durable, low-maintenance trim details.

7. Replace Gutters and Downspouts

Nothing shouts neglect more than an old rusting gutter system. Newer systems are available made of snap-fit vinyl that can be put together easily with simple tools. Another option is to invest some money into a copper system for really dynamite curb appeal.

8. Upgrade the Driveway and Walkway

Cracks in concrete driveways and walkways with vegetation growing through can ruin your home’s curb appeal. Fortunately, this problem is easily fixed with crack refill and driveway sealant. Stained concrete can be cleaned and repainted. If you have a dirt driveway, holes and washouts are unsightly and inconvenient. A load of fresh gravel will keep your driveway looking neat for a long time.

Down Payment Dilemma: How Do You Know How Much To Put Down On A Home?

You’d be a homeowner right now if it weren’t for one thing: the down payment. Right? Even for those who have decent credit and make good money, the down payment is often the great homeownership killer.

For many others, who do have enough money set aside to make a substantial down payment, the question is: how much? Conventional wisdom—not to mention most of the banks and a good portion of homebuying and financial experts—will tell you that 20 percent is the standard bearer when it comes to down payments. But is it really necessary to put 20 percent down?

The short answer is: no.

Now for the long answer.

“Raising a 20 percent down payment isn’t an easy thing to do. Fortunately, you don’t have to. “It’s a myth that all homebuyers must have a 20 percent down payment to buy a home,” says Nancy Herrera-Siples, a Riverside, Calif., branch manager at Primary Residential Mortgage on U.S. News. “So why do you constantly hear that you need to put 20 percent down? Because if you don’t, it usually means you’ll have to shell out money for either private mortgage insurance or government insurance, which is usually financed by the Federal Housing Administration (FHA).”

And there’s another rub for those who are already struggling to come up with the minimum down payment: that extra couple of hundred dollars per month feels like a penalty. It’s not, of course—”Mortgage insurance protects the lender in case you can’t make your payments and the house is foreclosed on,” said U.S. News—but that money can make a significant difference for those who are stretching to buy a home.

Still, when your only option to buy is a low down payment, which can mean an FHA loan or one of the new low down payment loans from Freddie Mac and Fannie Mae—”At the end of 2014, the two government-backed companies announced plans to slash down payments from 5% to 3%,” said CNN—PMI might literally be a small price to pay. Especially if swelling rents are making homeownership look more and more promising. Remember that PMI does go away eventually when your loan balance is 80 percent or less of the home’s value. If you’re in an area where homes are rising in value, this could happen sooner than you think.

Still confused about the ins and outs of down payments? Here are a few reasons to go high…or low.

When to make a substantial down payment

  • When you’re looking to keep your monthly payment as low as possible and have cash to spare
  • When you just can’t fathom paying PMI
  • When your goal is to buy a forever home and own it free and clear
  • When you are approaching retirement age and can envision a reverse mortgage sometime down the line
  • When you want to buy your house and pay it off as quickly as possible
  • When the rate is lower with a higher down payment. “The more you put down, the better position you are in for negotiating a lower interest rate with your lender,” said Credit.com. Plus, a “low down payment might affect other loan features, such as…the points, which are upfront interest charges,” said Banking My Way.
  • If you’re worried about being under water. If the market should drop in your area, you run the risk of owing more than your home is worth.

When to go low

  • When you don’t have the funds for a higher down payment and can’t earn or borrow them quickly enough
  • When the rate on your FHA or Fannie or Freddie loan is comparable to that you’d get with a higher down payment
  • When you need to escape a high-rent situation and the monthly payment on a house is lower than what you’re currently paying, even with the PMI factored in
  • When you’re confident your home will appreciate quickly, allowing you to refinance and get rid of PMI quickly
  • When your investments can’t be touched without a penalty or are returning better than the interest rate you’ll get on your home
  • If you have something better to do with the money. “If you bought a $400,000 home, 5% down would be $20,000, while 20% down would be $80,000—a whopping difference. An immediate need such as a college tuition payment would make the smaller down payment more appealing,” said Banking My Way.
  • When you feel more secure setting money aside for emergencies instead of tying it all up in your house.

Message me if your thinking about buying your home at m.me/EdPowersRealEstate

Ed Powers Real Estate 970-690-3113 [email protected] www.EdPowersRealEstate.com

Inspecting Your Home Before Selling

If you’re hiring someone to inspect the home you want to buy, or you’re a seller trying to find out if there are any hidden problems that need fixing before you put your home on the market, here are five things you need to know:

1. You can choose your home inspector.

Your real estate professional can recommend an inspector, or you can find one on your own. Members of the National Association of Home Inspectors, Inc. (NAHI), must complete an approved home inspector training program, demonstrate experience and competence as a home inspector, complete a written exam, and adhere to the NAHI Standards of Practice and Code of Ethics.

2. Home inspections are intended to point out adverse conditions, not cosmetic flaws.

You should attend the inspection and follow the inspector throughout the inspection so you can learn what’s important and what’s not. No house is perfect and an inspection on any home is bound to uncover faults. A home inspector will point out conditions that need repair and/or potential safety-related concerns relating to the home. They won’t comment on cosmetic items if they don’t impair the integrity of the home. They also do not do destructive testing.

3. Home inspection reports include only the basics.

A home inspector considers hundreds of items during an average inspection. The home inspection should include the home’s exterior, steps, porches, decks, chimneys, roof, windows, and doors. Inside, they will look at attics, electrical components, plumbing, central heating and air conditioning, basement/crawlspaces, and garages.

They report on the working order of items such as faucets to see if they leak, or garage doors to see if they close properly. Inspectors may point out termite damage and suggest that you get a separate pest inspection. The final written report should be concise and easy to understand.

4. Home inspectors work for the party who is paying the fee.

The NAHI Standards of Practice and Code of Ethics clearly state that members act as an unbiased third party to the real estate transaction and “will discharge the Inspector’s duties with integrity and fidelity to the client.” A reputable home inspector will not conduct a home inspection or prepare a home inspection report if his or her fee is contingent on untruthful conclusions.

The inspector should maintain client confidentiality and keep all report findings private, unless required by court order. That means it is your choice whether or not to share the report with others. If you’re a seller, you don’t have to disclose the report to buyers, but you must disclose any failure in the systems or integrity of your home.

5. Inspectors are not responsible for the condition of the home.

Inspectors don’t go behind walls or under flooring, so it’s possible that a serious problem can be overlooked. Keep in mind that inspectors are not party to the sales transaction, so if you buy a home where an expensive problem surfaces after the sale, you won’t be able to make the inspector liable or get the inspector to pay for the damage. In fact, you may not be entitled to any compensation beyond the cost of the inspection.

As a buyer, you need the home inspection to decide if the home is in condition that you can tolerate. You can use the report to show the seller the need for a certain repair or negotiate a better price. You can also take the report to a contractor and use it to make repairs or to remodel a section of the home.

One thing you should not do when buying a home is skip having the home inspected because of cost or undue pressure by the seller. A home inspection is reasonable, it can save you money in the long run, and it’s required by many lenders, particularly for FHA loans. There’s a reason why buyers should beware, and a home inspection gives you the information you need to make a sound buying decision.

Message me if your thinking about selling your home at m.me/EdPowersRealEstate

Ed Powers Real Estate 970-690-3113 [email protected] www.EdPowersRealEstate.com

How Color Helps Sell Your Home

There are some do’s and don’ts to painting your home before you sell. One great tip is, if nothing else, at least give your interior walls a fresh coat of paint to help give your home that “new” feeling to potential buyers. • • • #realestate #justlisted #realestateagent #homepainting #homedesign #hometips #homeadvice

Yes! Just like curb appeal matters, the colors of your home can and will influence buyers. With that in mind, we explore which colors tend to appeal to the masses.

The color scheme of your home, from the outside in, sets the tone. It’s like going to see a theatre play and seeing an intricately crafted and appropriately painted set for the production. It can immediately intrigue you–before the play has begun and even if you know few details about the play.

When it comes to color, be sure to consider the location. A peach-pink home in a retirement community might be okay, but that same color in an upscale, urban city may be unappealing to younger city dwellers.

The outside of your home is one of the largest areas potential buyers will see. So make your decision carefully and be sure to have a professional paint job done. If you choose white for the exterior, your home is likely to appeal to the masses, according to one study that indicated upwards of 40 percent of people liked white homes.

The great thing about a white home is you have plenty of options to make the home stand out by using an accent color for the trim. The downside is that white gets dirty very fast and shows it more than other colors. So before you list your home, make sure that you have a fresh coat of paint applied or pressure wash the exterior to bring back that newly painted look.

Also take into consideration the color of other homes on the block. Typically, white will not look out of place. However, if you had a purple home on a block where the homes are mostly beige and neutral colors, you’ll get noticed but won’t likely get the kind of attention you want.

Beige with neutral-colored trim is another popular color scheme. Both beige and white are safe exterior colors. They don’t turn buyers off.

There’s also been a trend to paint just the front door a deep, rich color like red. This may not be appealing to all. However, buyers would tend to overlook it because it’s a simple change as well as one that can easily and cheaply be changed to the new buyer’s choice. As long as the colors look good together, this wouldn’t necessarily turn buyers away.

The paint inside your home is equally important. In fact, one good tip for sellers is that if they can do nothing else, they should get some fresh paint up on the walls. The new paint helps showcase the home and gives it a new-home feel.

There are a wide variety of interior colors. Don’t feel like you have to go with only beige. You can be a little more daring, using bold accent colors. Just make sure the paint colors you choose don’t give a dark, closed-in feeling. Aim to create comfort, a sense of calmness, relaxation, and a place where family can unwind. Earth-tone colors convey this very well.

For a more chic and sophisticated look, interior designers often choose from the grey palette. A dark grey color can create a bold statement and attract the eye to a particular area.

Whatever colors you choose, remember that your aim is to appeal to the masses. Test the colors out first. Get opinions from the experts.

I have definitely been in hundreds of homes and can offer you some very good guidance. Call me to discuss getting your house ready to sell and get a FREE valuation at 970-690-3113 or text me 970-646-3610 or email to [email protected]

Turn Your Ugly Urban Backyard into Something Beautiful

You’ve found the home of your dreams. The backyard, not so much. But take heart. There are creative ways to turn that ugly duckling into a beautiful swan by taking the cons and turning them into pros.

If your yard includes the wall of the building next door, a dilapidated garage or parking pad, a lack of privacy, or if you hear vehicle noise, it may seem discouraging. But with proper planning, the negatives can be minimized or even become positives as part of a beautiful landscape design.

You just have to view them as opportunities, says Jennifer Hayman, landscape designer/owner of Jennifer Hayman Design Group in Toronto. “Look at the existing landscape and think of ways to make the most of it.”

Limited space is a common problem for many urban properties, so use every inch by creating multi-purpose areas. For example, redo a parking pad and use it as extra lounge, dining or sports court space when you are entertaining.

backyard 1

The old garage was renovated into a three-season covered loggia and secure, organized storage inside. The columnar beech trees were planted along the fence line for privacy. Photo: Jennifer Hayman Design Group

There’s a trend to demolish neglected, full-to-the-brim-with-junk garages and rebuild them to provide not only organized storage areas, but sitting, dining or hang out spaces. Whether creating a tween or teen retreat, a she shed or a man cave, it’s all about maximizing space that’s already there, the landscape designer says. “Real estate is valuable.”

If the garage is in reusable shape, remove two walls to convert it into a loggia or replace a wall with sliding doors to open it to the outdoors.

If you have another building at the back or side of the yard, put the wall to good use by planting some trees in front of it. Add up lighting.

At night, the light and shadows from the trees against the wall will create a warm ambiance.

Another idea, Hayden says, is to build a free-standing children’s art wall or chalk board in front of it, or if you have permission from the building’s owner, adding a mural may perk up your backyard space.

Use trees to provide privacy from tall buildings. In one of her projects, Hayman planted a row of cedar trees down each side to provide privacy and add a touch of green. Cedar trees also help muffle street noise.

The sound of trickling water is another way to dull the din. She says smaller budgets can employ a “plug and play fountain” while larger projects could include everything from water falls to reflecting pools. It doesn’t have to be a pond. One backyard she designed has a reflecting pool with floating light-up spheres to create nighttime drama.

Grade changes don’t have to be leveled. “It’s not a good use of money,” she says. Use the different levels to create different zones. However, care needs to be taken to ensure water doesn’t flow from your backyard into the neighbours’.

If the existing landscape requires lots of maintenance, a new plan with low-maintenance plants and materials can help reduce the attention it needs. Drought-resistant plants that need less watering are one way to reduce the work. “You can choose materials that are low maintenance, but remember you can’t achieve no maintenance,” she says.

Hayman is a certified Fusion Landscaping Professional. “Fusion Landscaping combines the art and science of horticulture with the science of hydrology to design, build/install and maintain esthetical pleasing, water-efficient landscapes,” says the Landscape Ontario website. “These landscapes use established design principles including form, function and the environment to optimize lot level storm water management and enhance the environment.”

backyard 2

Boardwalk steps over reflective pond and down to garden at lower level. Photo: Jennifer Hayman Design Group

Landscape Ontario, the Region of Peel and Municipality of York combined forces to create the Fusion Landscaping Professional program.

Rain gardens, for example, include plants that can take both lots of water at once but also survive drought conditions, says Hayman. The rain garden is designed so water percolates into the ground instead of on to streets and into sewers.

Incorporating green space is always a good idea. Toronto is a heat island because there is so much concrete.

The city has percentages allowed for hard and softscaping so it’s important to check your local bylaws. Zoning and building department bylaws are something a designer can help with, she says.

Have a professional plan done and approved before construction starts to help optimize your budget. Otherwise, costs can be quickly eaten up on expensive changes made once construction begins.

Having a plan also reduces stress for everyone involved. Ditto for permits. Many contractors won’t work without a permit and a plan with design materials and quantities that have been approved by the homeowner, she says.

If yours is a big job, you may also want to consider 3-D plans, which make it easier to see what the project will look like when it’s finished.

You can “walk” from point A to point B and live inside the space without it being built, she says. “It’s a great tool for contractors to have too so they can understand the landscape designer’s vision. If you’re doing all the bells and whistles, spending $1,500 to $2,000 on 3-D is a fraction of the cost of making construction changes.”

Expect to answer a lot of questions as the landscape designer gathers information to determine the scope of work, the challenges, your needs and wants, and what can be achieved you’re your budget.

After a site analysis, a design is created and presented to the homeowners for feedback. Upon approval, quotes are requested from contractors.

Hayman provides her clients with a vetted list of contractors, chosen based on their skill set. “I match the project to the contractor to the homeowner,” she says. Start three, six or even 12 months ahead of construction, she says, because “contractors who are skilled, competent and strong book up early.”

Remember, there are lots of ways to turn your backyard lemons into lemonade.