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Denver Homes and Lifestyle powered By Resource Realty Group, LLC
200 Quebec St
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Denver, CO 80230
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5 Reasons To Sell Your House in the Spring
Ah, spring — the time of year when trees blossom, flowers bloom, and "for sale" signs pop up in yards everywhere. This makes sense given that homes tend to sell faster and for a higher price in April, May and June.
Here are a few more facts that make springtime the right time for your move.
- Curb appeal is at its peak. In many areas of the country, lush lawns and leafy trees naturally evoke positive feelings, drawing potential buyers in to take a closer look.
- Most Americans who sell their homes in May can expect it to sell 18.5 times faster than it would any other month and for nearly 6% more money, according to data from TheMortgageReports.com.
- More buyers are looking in the spring, so you have more opportunities to sell.
- It's easier to move when the weather is mild.
- Families with children typically want to be settled in their new home before the next school year begins.
Selling in the Spring? Get Your House Ready
Prepare your property and stand out from the competition with these tips.
Exterior
- Freshen up paint, especially on the front door and trim.
- Make the windows sparkle. If you have a lot of windows, consider hiring a professional.
- Clear leaves, branches or other debris from your yard. Trim trees and bushes.
- Keep the lawn neat. Mowing diagonally can make your yard look bigger.
- Create artful flower beds with pops of color against dark, fresh mulch.
Interior
- Clear windows, mirrors and other surfaces of fingerprints and smudges.
- Place fresh-cut flowers in a pretty vase. If they're from the yard, leave a note saying so.
- Polish wood floors and wash or replace area rugs.
- Roll up a few new fluffy towels and place them in a basket next to the bathtub.
- Refresh living spaces with new luxurious-looking pillows and throws.
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Tips for Home Buyers in Today's Market
If you’re considering buying a new home and wondering when is the right time to enter the market, the answer may be more straightforward than you think — buy when it's right for your economic situation.
"The happiest buyer isn’t always the buyer who gets the best deal," says Cliff Johnson, vice president of New Homes at Realtor.com®. "It's the buyer who gets a home that feels right at the right price."
This is a wise, realistic approach. Here are a few strategies for a smooth home-buying experience.
List your must-haves versus wish-to-haves. You may not find 100% of what you want, but knowing what's most important to you can help narrow your focus.
Improve your credit score. The higher your score, the lower your interest rate will probably be.
Choose your loan type carefully. A knowledgeable real estate professional can help you understand your options so you find the loan that's right for your situation.
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Real Estate Investing Partnerships
If you're thinking of purchasing a vacation home or rental property, consider investing with a partner.
Real estate investment partnerships allow each party the chance to benefit from steady income, hedge against inflation and build equity. They also provide an opportunity to co-own property with less cash upfront.
If you're contemplating such a partnership, due diligence is a must. A real estate professional can help you navigate this process. Consider meeting with a trusted financial advisor to understand the tax implications of your investment.
Property ownership is an investment of both time and money, especially in the beginning. (A relative or close friend does not necessarily make the best choice.) Be sure that you and your investment partner understand the risks and rewards of co-ownership.
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American Architecture Quiz
How well do you know architectural styles? If you're like 57% of people surveyed by Homes.com, you "know some things." Or are you among the 23% who claim to be "very knowledgeable" about architecture and house style? Test your architectural IQ by naming these 12 styles identified by BobVila.com as the most popular. (See answers below.)
- Elaborate, multi-styled rooflines featuring spindlework and turrets.
- Steep, gabled rooflines with low, arched doorways.
- Soaring columns at the entrance that echo classic Greek and Roman styles of architecture.
- Arched doorways and porch fronts, elaborate metalwork, stucco exterior, and red-tiled roofs.
- Low-slung roofs on open, single-story floor plans that often feature sliding glass doors and attached garages.
- Tall, narrow homes either connected or built close together.
- Low, horizontal lines that evoke an expansive feeling strongly integrated with natural surroundings.
- Clean lines, open floor plans and ample natural light.
- Low, open design with interesting geometric lines integrated with surrounding nature.
- Dormers on 2- or 3-story brick homes with porticos and partially covered porches. Symmetrically placed windows with shutters.
Answers:
1) Queen Anne 2) Tudor Revival 3) Neoclassical 4) Mediterranean 5) Ranch 6) Townhouse or Rowhouse 7) Prairie 8) Contemporary 9) Mid-Century Modern 10) Colonial Revival
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Renovations That Boost Home Values
Home improvement projects are a great way to modernize and add functionality to your home. Whether you're looking to make updates for your own enjoyment or you're planning to put your house on the market, make sure you get the biggest bang for your buck. Here are a few improvements that have the potential to increase the value of your home, according to FamilyHandyman.com.
- Replace garage doors
- Add a deck
- Repaint interior or exterior as needed
- Replace front entry with a steel security door
- Do a modest kitchen remodel
- Upgrade kitchen lighting
- Replace drafty windows
- Install smart home features
- Finish part or all of the lower level
- Replace old carpet with laminate or hardwood
If you plan to sell, consult a real estate professional to decide which renovations are worth the investment.
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