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What Will Homes Look Like In A Post-pandemic World

Better family gathering space. More comfortable bedroom space. Peaceful and private outdoor space. If those items tick your preferred “quarantine home” boxes, we get it. Perhaps it is time to buy or sell your Fort Collins or Loveland home.

The truth is that being stuck at home—in a home you don’t necessarily love—stinks. So, we don’t blame you if, while you’ve been sheltering, you’ve been dreaming of what you would change and where you would move given the choice. 

The good news is that this pandemic is already having an impact on how builders operate, and the very things that are frustrating you about your existing home will likely drive changes to design and architecture in the future.

“While the coronavirus still rages on, it’s hard to predict what post-pandemic abodes might look like,” said Barrons. “Yet, developers around the U.S. are already rethinking projects, anticipating residents’ needs and preferences that Covid-19 would spur. In doing so, they are re-evaluating current in-unit aesthetics and in-demand amenities. 

That means a “new consumer” might have “different priorities from now on regarding health, technology and socialization,” Marcelo Kingston managing director of Multiplan, the developer behind 57 Ocean in Miami Beach, told them. 

Home size

Homes had been trending smaller. But that may be over. With uncertainty about the future around spending more time in the home, which likely includes some form of work-from-home scenario, homeowners are likely looking for more space. Expect homes to grow in size accordingly.

A greater dependence on the home office

“More attention will be given to the arrangement of the workplace at home,” said Dezeen. “Spatial organization will change, with the place to work at home no longer a desk with a parody of an office chair and a lamp, slotted somewhere in the corner of the living room or under the stairs. Now it will be a completely separate room with large windows, blackout curtains and comfortable furniture. It will be technically equipped and sound-insulated.”

An increased emphasis on “health and hygiene”

This covers a wide variety of amenities.

“Joel Sanders of JSA Architects predicts that the pandemic, “like 9/11, will have an enormous impact on public space because of social distancing and fear of contamination,” said Dwell. “He foresees these concerns finding their way into the home, impacting space in more subtle ways, like the distancing of furniture arrangements and domestic footprints shifting to include “safe” rooms to isolate contagious occupants.

In addition, architects and designers foresee “a compartmentalization of spaces including entries, foyers, and mudrooms, incorporating sanitation stations to wash, disinfect, and remove contaminated clothing. This attention to sanitation, however, won’t necessarily give rise to sterile-looking environments. According to Bryan Young, principal of Young Projects, “Fundamental qualities of wellness are even more meaningful for adapting to a post-coronavirus environment, incorporating natural light, natural ventilation, connection to green spaces and landscape.”

This type of design will bleed into technology, as well. “We already have much of the technology we need to replace human contact with smart sensors,” said Stambol. “And in a post-pandemic world, nobody wants to touch anything unnecessarily. So, the low-hanging-fruit of design upgrades will be the first to change. Think of more touchless faucets and sensor-operated doors. Every doorknob, light switch, thermostat, and the high-traffic button will be swept away, replaced by motion activation or voice command. And every previous objection based on cost can be easily countered with memories of a global economic catastrophe.”  

Smart technology

This is already one of the most pervasive trends in home design, but “Manufacturers of smart home systems will go one step further,” said Dezeen. “Their programs will not only control the temperature of the air in the house, but also its quality and, if necessary, they will automatically clean it. Air from the outside will of course be filtered.”

Message me if your thinking about buying or selling a Fort Collins or Loveland home at m.me/EdPowersRealEstate

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Ed Powers Real Estate 970-690-3113 ed@EdPowersRealEstate.com www.EdPowersRealEstate.com

Home Equity Lines Of Credit On The Rise…But Can You Qualify?

Home-Equity-Lines-Of-Credit-On-The-Rise…But-Can-You-Qualify

The Coronavirus quarantine has you thinking about making upgrades to your Fort Collins or Loveland home, and that has you thinking about tapping your equity to take out as a home equity loan (HELOC), right? If so, you’re part of a real estate trend that’s sweeping the nation right now.

new report from LendingTree found that, “While the total number of home equity loan applications has fallen since January…those who do apply for a home equity loan are more likely to use it to pay for home improvements than they might’ve been at the start of the year.”

Across the nation’s 50 largest metro areas, “An average of 45.9% of home equity loans are being used to make home improvements,” they said. That’s up from 37.3% in January. “Milwaukee, Louisville, and Columbus are the metros with the largest share of home equity loans meant for home improvements.”

What you need to know about qualifying

Even if you have plenty of equity in your home and decent credit, it might not be so easy to qualify for that HELOC. Some lenders have increased their qualification requirements while others have halted their HELOCs for the time being.

“Chase, for instance, announced last month that it would be freezing new HELOC applications and requiring almost all new mortgage applicants to have 20 percent down and at least a 700 FICO credit score,” said Bankrate. “Bank of America also raised its credit score requirements for home equity products from 660 to 720.” As of May 1, Wells Fargo has stopped accepting HELOC applications altogether.

You can still find a HELOC with several other lenders. NerdWallet has an updated list organized by interest rate and max loan to value (LTV). 

HELOC alternatives

If a HELOC isn’t going to work for you, there are other options. 

“In press releases announcing the freeze on new HELOCs, both Chase and Wells Fargo mentioned a cash-out refinance as a possible alternative option,” said Bankrate. “In a cash-out refinance, you will receive a lump-sum payment for a certain percentage of your home equity.”

A personal loan might also be an option, although “personal loans generally have higher interest rates than home loans,” said Investopedia. “Bankrate reported that personal loan rates ranged from 5% to 36% as of May 2020.”

Message me if your thinking about selling your Fort Collins or Loveland home at m.me/EdPowersRealEstate

Ed Powers Real Estate 970-690-3113 ed@EdPowersRealEstate.com www.EdPowersRealEstate.com

Easy Ways to Fix Your Yard Before Selling Your Home

Easy Ways to Fix Your Yard Before Selling Your Home

With baby #3 on the way, you’ve decided your Fort Collins or Loveland home is just too small for your growing family. You’ve loved our home and our neighborhood, but there’s no way five fit into a 1200 square foot home and still be sane. Luckily, the inside of your home is in excellent condition with one-year-old carpeting, custom paint, and even upgraded counters. It’s absolutely beautiful inside! The yard, however, is another story…

Unfortunately, this is often the case. The money runs out before landscaping is ever completed or the landscaping already in place is just too hard to maintain. Not everyone has a green thumb, right?! It may not seem like that big of a deal since you don’t live in your yard. Maybe you’ll just let the next owner deal with it… But is that really the best solution?  Your real estate agent informs you that even with an amazing interior, your house–if it sells–will come in at a much lower price than you had hoped. First impressions are very important, and the curb appeal of your home will be the difference between someone taking a look or driving by. So the bottom line is if you’re serious about getting top dollar, you may have to spend a few dollars first.

When sprucing up your yard to appeal to prospective buyers, what are the most important areas to concentrate on?

1. Your lawn.

Prospective buyers will overlook a lot of landscaping issues if your yard is well-maintained. If it’s summer, they are looking for a well-maintained, freshly mowed, lush, green lawn free of dandelions and other weeds. If there are large dead spots, you’ll need to plant grass seed or sod to fill them in.

If you don’t have a green thumb, this is the time to call a professional lawn care service to get your lawn in parade-of-homes condition. A lawn service will be able to deal with your trouble spots and make sure that it makes a great first impression to those potential buyers.

2. Your flower beds.

When sprucing up flower beds, a little dirt under the nails is required–whether it’s your own nails or the teenaged neighbor’s nails–someone is going to need to get dirty. Weeding comes first. Next, comes fresh mulch, wood chips, or colored rock to spread across the flower beds for a clean, fresh look that will provide contrast to your main flower bed attraction: the flowers.  

When choosing flowers, pick flowers that will bloom or stay bloomed throughout your projected timeframe for selling your home. Annuals are generally cheapest and stay bright and cheery through most of the growing season.  If you already have annuals that have bloomed and dried up, replace them if possible.The splash of color that the flowers bring will go a long way in bringing beauty to your yard. 

3. Your trees and shrubs.

Trees and shrubs are additional areas where professional lawn care services can help. If you don’t think you can safely climb a ladder and handle a chainsaw in one hand while holding a branch in the other, you shouldn’t attempt to cut down dead or stray branches or shape scraggly bushes yourself. Instead, you should spend the money to stay safe and have the job done properly.

Beautifully shaped shrubs and well-trimmed trees add an extra pizzazz and show prospective buyers that you care about your yard.

4. Special yard features.

You may have special features in your yard such as planters, waterfalls, and ponds. If these features don’t add much to your overall landscape design, you may want to consider removing them altogether. If they were hard for you to keep up, they may be hard for future owners as well. In fact, these types of features sometimes turn future owners away for fear of future upkeep.

If these features add beauty and personality to your yard, refill planters with fresh plants after cleaning out the dead material, make sure waterfalls are clean and functioning properly, and be sure that ponds are clean and stocked with fish if desired.

You may also have playground equipment in your backyard. Ask your real estate agent on advice concerning whether or not playground equipment should stay or go; it may be that future owners will welcome it, but there is also a chance they won’t. The final decision will most likely depend on its condition. If it is rundown or detracts from the home and the rest of your yard, consider taking it down and moving it to your new house where your own kids can continue to enjoy it for years to come.

Getting your lawn professionally taken care of, sprucing up your flower beds, trimming your trees and shrubs, and taking a hard look at any special features in your yard are great places to focus your attention when trying to sell your home. None of these fixes require major changes nor are they too expensive, but taking the time and money to focus on them will go a long way toward increasing your curb appeal and helping you sell your home faster and at a more competitive price.

Message me if your thinking about selling your Fort Collins or Loveland home at m.me/EdPowersRealEstate

Ed Powers Real Estate 970-690-3113 ed@EdPowersRealEstate.com www.EdPowersRealEstate.com

Things You Can Do to Prepare for a Home Appraisal

Things You Can Do to Prepare for a Home Appraisal

Getting your Fort Collins or Loveland home appraised is a necessary step in putting it on the market and the appraisal will influence your asking price. This means you want your home in its best possible condition, so it will be appraised at the highest potential value. While undertaking massive renovations may not be an effective process, there are smaller things you can do to raise the market value of your home.

Start Small with a Little Spackle

If you’ve lived in your home for any length of time, you’ve probably hung things on the walls, put up shelves, or simply had accidents that resulted in minor damage. Now is the time to repair those blemishes. By filling these holes and crevices with a little spackle and painting over the area, you can leave your walls looking like new. While this may not boost the value of your home, it will keep the appraiser from deducting for the damage.

As Long as You’re Painting…

After you’ve touched up your walls, you might want to consider freshening up the paint in other areas. For instance repainting worn borders and moldings around the home can give it a newer look. Additionally, take the paint outside and touch up the trim around the windows and doors. This will boost curb appeal and help you add value to the home. Any area where the paint is peeling, chipping, or simply has lost its luster should be retouched with a fresh coat.

Update Your Crawl Spaces

Something that’s receiving more attention in home updates is crawl space encapsulation. Crawl spaces are essential for providing homeowners and contractors with access to the deepest recesses of the home. However, these spaces are vulnerable to moisture and water damage caused by humidity, warmer temperatures, and harsh weather conditions. To protect crawl spaces, homeowners have started encapsulating, or sealing, the spaces in moisture-resistant materials. Similar to a swimming pool liner, a polyethylene barrier is added to keep the crawl space dry.

Do a Deep Clean

This is also the time to really clean your home from top to bottom. Especially if you have young children and pets, there may be odors and damage that you might not be noticeable to you. Yet, a strong pet odor, or your child’s scuff marks on a hard wood floor will be the first things your appraiser notices. Consider hiring a professional cleaning crew to wax the floors, shampoo the carpets, and conduct an intensive cleaning of the entire home.

Conduct Other Repairs

At some point, you should tour your home with the mindset of a home buyer. This will open your eyes to problems that you live with every day, and just don’t notice anymore. Look for things that need to be repaired, such as a loose handrail, dripping faucet, or shorted electrical outlet. Repairing these problems ahead of time will ensure you won’t lose money on the appraisal.

Get an Early Home Inspection

Even after you think you have done everything that can be done to boost your home’s appraised value, consulting an expert is wise. Getting a home inspection at this time will help you uncover issues that you may not have the expertise to notice. This gives you the time to get these items fixed ahead of putting the home on the market, while also ensuring you can ask a more competitive selling price. It’s better to uncover these problems now than to have them affect the sale of the home in the future.  

In selling your home, you want to ensure you get close to its value, including the money and time you invested in updating its features. By taking the time to spruce up the home ahead of the appraisal, you may be able to increase the value by thousands of dollars. The suggestions offered here can give you a start, and your real estate agent may be able to offer more tips to help you get the most out of your home.

Message me if your thinking about selling your Fort Collins or Loveland home at m.me/EdPowersRealEstate

Ed Powers Real Estate 970-690-3113 ed@EdPowersRealEstate.com www.EdPowersRealEstate.com

Tips to Save in Your Kitchen Remodel

Tips to Save in Your Kitchen Remodel

The kitchen is the hub of the household. It is where the family gathers daily to socialize and create delicious cuisine. Without a doubt, the kitchen is also one of the most important rooms to remodel to potentially increase the value of your home. In fact, a home that has undergone a kitchen remodel sells8% faster, according to realtor.com studies. 

Historically, the kitchen was once hidden away from the main house for several reasons, such as to reduce excessive heat and to control smells. Nowadays that is no longer the case. The kitchen has made its debut as an integral part of the home and perhaps the most important room, which is why many homeowners are looking to upgrade the space. In this article, we will explore tips to save in your kitchen remodel. 

Top Ways to Save in Your Kitchen Remodel 

The average cost of a kitchen remodel in the United States is between $8,500 to $25,000. The figure might seem a bit wide-ranging, but if you are looking for ways to pinch your pennies, then rest-assured that with frugal decisions, you can cut costs to keep the total amount in the lower end of the spectrum. 

Choose mid-range efficient appliances 

Sure, it is tempting to pick only high-end appliances for your kitchen, but such high-dollar items are usually unnecessary. You can choose practical, energy-efficient appliances that boast acceptable warranties and look fabulous. 

A factor to consider when picking appliances is longevity. Refrigerators usually last only 15 years or less but a cooktop and range function last considerably longer. Also, if you have a large family then you are constantly washing dishes, so a large, efficient dishwasher becomes a mandatory investment.  

Whichever appliances you choose, try to stick with one brand and appearance. Stainless steel remains the most popular finish choice. If you want your home to appear modern, then you will want to pay close attention to design and appearance while still trying to avoid paying premium prices. Instead, settle for moderate workhorse appliances that provide you with looks, function, energy-efficiency, and longevity. 

Opt for affordable yet durable counter materials 

When you walk into a kitchen, you might believe your focal point is the cabinets but most people zero in on the countertops first. Perhaps it is the clean, sleek design or the sparkle of the surface. A showpiece countertop dictates the cabinetry, room furnishings, and color scheme. 

When picking countertop materials, remember you can pick granite with a rating of a level 2 grade (mid-grade) versus a level 3 (premium grade). The differences are subtle and usually missed by a novice who does not work in the granite business. Choosing a lovely, mid-grade granite countertop offers a greater return-on-investment. The cost of granite countertops runs from $35 to $500/sq. ft. 

Laminate countertops are another option. They mimic the appearance of granite without the high cost. Historically, you could not install an under-mount sink in a laminate countertop, but designs have changed and now you can. Laminate hovers at an affordable $5 to $30/sq. ft.

Quartz (an engineered stone) and concrete countertops are other cost-saving options. The average cost of quartz is $55 to $200/sq. ft. and concrete runs $75 to $200/sq. ft. 

Resurfacing an older countertop with tile is another option. This project typically costs around $10 to $70/sq. ft. 

Go for a cosmetic upgrade instead of a whole cabinet replacement

It’s tempting to purchase all new cabinets for the kitchen but that can become expensive with 30 linear feet of average cabinets costing from $6,412 to $11,400 for installation. However, resurfacing the existing cabinets is a great way to provide an instant facelift to the room. Many opt to carry out refinishing cabinets as a DIY project to save even more. 

You can also replace kitchen cabinets with veneer models instead of real wood. Budget cabinets range from $70 to $100 per linear foot. Handles, knobs, and pull are the crowning glory on your kitchen cabinets. However, that does not mean that you must spend a fortune on the hardware. Knobs can range from $1 to $100 and hinges from $1 to $15.  There is a huge range of prices so you can find your comfort zone within your budget. 

Install a backsplash with attractive, long-lasting materials 

Backsplashes look good and showcase not only the kitchen cabinets but also the countertops. There are a lot of different backsplash materials you can choose to create your perfect backsplash, but they aren’t all created equally. Depending on how much cooking you do, you’ll want to find a material that’s durable, stylish, and long-lasting.

Ceramic tile is very popular but it’s also costly, with the average price hovering at $5 to $100/sq. ft. However, you can pick a porcelain tile for $5 to $20/sq. ft. Also, why not cut costs by using large tiles that would usually be laid on floors as a backsplash? The bigger tiles require less grout and costly cutting. Deco-pieces like glass tiles are easy to fashion into eye-catching mosaics. 

Plan ahead by shopping around and doing some work yourself

Feel out your contractor’s schedule and get him at a slower time of year. Typically the middle of summer and the middle of winter are a little slower and could get you a better rate.

Next, check your local tile, stone, flooring, and bathroom fitting showrooms for odd lots. Odd lots are often left over or returned items. They’re just as good quality, but they go for rock bottom prices. The only catch is that what you see is what you get, so if you need 150 square feet of something, and they have 140, it won’t work. But, many times you can get lucky and find a thousand feet of something discontinued that you can get for pennies. This also goes for sinks and faucets – it really pays to check around, especially if you aren’t picky. 

If you need a small piece of stone for a vanity top, bar top, or table, also be sure to ask about remnants at the stone yard. 

Final thoughts

Yes, you can create the kitchen of your dreams on a shoestring budget with just a few of the ideas above. These tips to save in your kitchen remodel help you create an upscale remodel without spending an excessive amount of money. You can enjoy your beautiful kitchen while feeling good about the fact that you have potentially increased the value of your home, which is a great return on your real estate investment.

Message me if your thinking about selling your Fort Collins or Loveland home at m.me/EdPowersRealEstate

Ed Powers Real Estate 970-690-3113 ed@EdPowersRealEstate.com www.EdPowersRealEstate.com