Josh Gillis' Blog
Multigenerational properties have seen a demand spike recently, giving sellers a reason to sit up and take notice. As family dynamics shift and the economy rises and falls, property owners need to pay attention to who's buying what. We'll look at what constitutes a multigenerational property and which ones are seeing the most attention.
Accessibility & Space
The very word multigenerational may confuse some home sellers. After all, any home can be a multigenerational home depending on who lives there. But these homes are usually defined as being accessible to people of all ages with enough space to accommodate different lifestyles.
For example, the home may include a separate entrance and living room where a grandmother can maintain her independence without being far away from her family. Or it may include a wheelchair-accessible ramp to an in-law unit (complete with kitchenette). New multigenerational homes are built so each level can accommodate a different generation (similar to a duplex).
Why the Spike in Demand
The way we live is determined by everything from the average yearly salary to our daily demands. While families may have primarily stuck together a century ago, nuclear families took center stage in the latter half of the 1900s. It seems as though many Americans are seeing the pendulum swing back the other way. Today, up to 41% of all home buyers are looking for a home that can house either an elderly parent or an adult child.
While the exact reasons are still a little hazy, the trend seems influenced by the desire to save money. However, there are other benefits to multigenerational homes that lie just underneath the surface. These homes encourage togetherness while still giving everyone a sense of space. This can lead to better health outcomes — both mentally and physically. Young parents can ask their parents to watch their children while they're gone and adult children can help elderly parents as they age.
What Sellers Can Do
Most sellers are unlikely to revamp their homes entirely before putting it on the market just to make it an official multigenerational home. However, they can give their homes a quick refresher with an eye towards the universal design. This may mean installing grab bars in the bathroom or carpeting the bedrooms to provide more traction.
There's no reason for home sellers to go overboard when it comes to putting their property on the market. However, they can keep in mind who the buyers are in the area. It may help you decide whether to stage your third bedroom as a nursery or a study.
Once you’re ready to sell your home, you want to be sure that your home is smelling fresh. There’s a few sneaky odors that can creep into your home for various reasons. The consequences of horrible smells when you’re selling your home are really not good. Read on to prevent funky odors from turning off buyers from your home.
Food That’s Past Fresh
Whether your garbage disposal is a bit clogged and could use a cleaning or your fridge hasn’t been purged in awhile, these things could be causing a stink. Make sure you stay on top of leftovers and take care of anything that may be in the refrigerator for too long.
Clean your garbage disposal often. It’s simple to make a “volcano” by throwing some baking soda down there and then pouring vinegar over it, allowing everything in the disposal to bubble up. You can even put a lemon or lemon juice in the disposal in order keep a good smell going.
That Wet Dog Smell
Any kind of animal will leave some sort of odor in your home. Whether you have a dog, a hamster, birds, or cats, you’re going to need to freshen up your space. Keep the litter box changed and add some baking soda for a bit of freshness. Make sure to remove any stains on your carpets or floors as well. If a piece of furniture or a carpet is to blame for the strong odors, you may need to remove that piece from your home completely to get the stench out.
Your Air Conditioning Smells Bad
Since water can build up inside of your air conditioning unit, sometimes, a bit of maintenance is necessary. AC units must be cleaned regularly in order to keep strange smells away.
Something Smells Musty
A musty smell usually spells a water leak. Whether it’s in your basement or under your sink, you need to correct leaks in order to get to the root cause of musty smells.
Clean A Carpet With Vodka
You can put some cheap vodka in a spray bottle in order to clean a carpet. This technique can be used for more troublesome areas of the rug. As the alcohol evaporates, so won’t the odors that are filling your home.
The Air In Your Home Is Stagnant
When the air in your home smells kind of stale, you’ll need to get the air circulation back in the house again. This can be easily remedied just by opening the windows. Even if it’s cold outside, it’s good to get the air circulating in your house again. This simple action effectively changes the air in your home without any fancy chemicals or techniques.
Submitting a "fair" offer on your dream home may seem difficult, particularly for a first-time homebuyer. Lucky for you, we're here to help you determine what it takes to submit a fair offer on a home that increases the likelihood that a home seller will accept your proposal without delay.
Now, let's take a look at three tips to ensure that a first-time homebuyer can submit a fair offer on a house.
1. Study the Housing Market Closely
Are you preparing to submit an offer in a buyer's market or a seller's market? Ultimately, the current state of the housing market may help you define a fair proposal based on the sector's conditions.
For example, a buyer's market frequently includes an abundance of top-notch residences and a shortage of homebuyers. In this market, you may be able to submit an offer at or below a home seller's initial asking price and receive an instant "Yes."
On the other hand, a seller's market usually features a shortage of high-quality houses and an abundances of homebuyer. As such, you may need to submit an offer at or above a home seller's initial asking price if you want to secure your dream residence.
For first-time homebuyers who analyze the housing market closely, they should be able to differentiate between a buyer's market and a seller's market. That way, a first-time homebuyer can determine fair market value for a residence and submit an offer that corresponds to it.
2. Evaluate Your Homebuying Budget
There is no need to overspend for a house, regardless of the current housing market's conditions. But with a homebuying budget in hand, a first-time homebuyer can resist the urge to pay too much to acquire an outstanding residence.
Getting pre-approved for a mortgage often provides a great option for those who are uncertain about how much they can spend on a home. This budget will enable a homebuyer to narrow his or her home search based on the finances at his or her disposal.
Meet with a variety of banks and credit unions to learn about all of your mortgage options. Then, you can select a mortgage that matches your budget and move one step closer to acquiring a terrific residence.
3. Work with a Real Estate Agent
A real estate agent is a must-have for a first-time homebuyer, and for good reason. This housing market professional can teach you about the intricacies of buying a house and help you submit a fair offer on a residence any time you choose.
Furthermore, a real estate agent will guide you along each stage of the homebuying journey and help you overcome any potential pitfalls along the way. And if you ever have homebuying concerns or questions, a real estate agent is happy to respond to them at your convenience.
Take advantage of the aforementioned tips, and by doing so, a first-time homebuyer should have no trouble submitting a fair offer on a residence.
Beautiful railings, including the railing that surrounds your deck, plays a major role in your home's curb appeal. Even when it's not visible from the street, a strong, sturdy deck and the railing that surrounds it can still raise your home's resale value. That's extra living space, after all. Even if it is outdoors. But even more important, your deck and its railing need to be structurally sound for safety purposes. You don't want to take a fall off your backyard deck, and you certainly don't want your family, friends or guests to have a mishap. For these reasons, it's vital to keep railings in top condition. Here's how:
Choose the Right Material for Deck Railings
Today's homeowners have multiple options for creating a railing around a wooden deck. More popular ones include:
- Pressure-Treated Wood -- A popular choice for deck railing, wood is the most high-maintenance railing material on the market. Even pressure-treated lumber will need to be re-stained or re-sealed intermittently. This type of railing may also warp or twist over time, but for an upscale appearance, it's difficult to beat.
- Vinyl --Vinyl is lightweight and requires little-to-no maintenance other than an occasional cleaning with the garden hose. Vinyl won't rust or rot, but the color may fade over time.
- Aluminum -- Aluminum is a lightweight, durable material that can withstand corrosion, rust and rot. It can be painted any color and is typically cheaper to install than heavier options such as pressure-treated lumber.
- Composite -- Composite deck railing is made from PVC and recycled wood. It combines the best of both worlds because it's impervious to warp, rot and rust. It doesn't need staining or sealing, it's available in many colors and can easily be painted.
Once you've decided on a material, professional installation is best. Unless you're confident in your construction abilities, weight-bearing structures, such as deck railings, should be built to code. You'll likely need a permit, as well. Adding a well-built, professionally installed railing to your deck will impress future homebuyers. It will also delight your friends and family when the weather turns friendly.
Maintaining Deck Railing
The best advice for maintaining your deck railing over time is simply to inspect it regularly. Take a good, long look every spring, and if you see issues -- nails that are popping up, boards that are weakening -- have them repaired right away. Clean your deck and railings annually, regardless of their composition, and make sure to stain and seal wooden railings at least every other year.
The condition of the trim around your home, including railings, affects your home's value. Take the time to keep them in top condition to maintain their value and their safety.
Although all home buyers have different tastes, expectations, and preferences, there are several things you as a home seller can do to make your home more appealing.
Three priorities worth keeping in mind are spaciousness (or, at least, the appearance of it), brightness, and cleanliness.
Whether your home is a compact cottage or a large colonial, a feeling of spaciousness will enhance its visual and psychological appeal.
Sometimes getting a second opinion can make all the difference in identifying ways to improve the look and feel of your home. As an example: If you're unsure whether a bulky piece of furniture, a huge plant, or a rarely used side table is detracting from that desired look of spaciousness, your real estate agent or an interior decorator can provide you with helpful feedback.
One common room decorating mistake that many people make is to choose a coffee table that's either too big or too small for the furniture or available space. It may seem like a small detail, but it's one of many elements that can throw off the balance and flow of a living room.
Another staging tip for home sellers is to have groups of chairs and couches face each other to create "conversation areas." That effect often helps to add warmth to a living room or family room, and makes it easier for potential buyers to imagine living there and enjoying the space with friends and family.
Lots of illumination, whether it's natural light or artificial light, can make your home appear more cheerful and inviting. It also reduces shadows and dark corners, which can detract from the beauty of your living space. While there is the possibility that some of your lights may be too harsh or glaring, dimmer switches can often be a quick and easy solution to that problem.
Keeping your home impeccably clean every day is one of the biggest challenges of putting your house on the market and making it available to agents for client showings. Since first impressions are one of the most important aspects of attracting a serious buyer, cleanliness should be among your main priorities. The good news is that keeping your home clean will become easier when you get into a routine. As you scramble to make sure your home is ready and presentable for the next showing, you'll find yourself becoming more and more adept at streamlining the process.
One strategy for increasing efficiency might be to get your family in the habit of cleaning up after themselves on a consistent basis. It may require a little gentle nagging now and then, but if it helps get your house sold faster, it'll be worth it! Create a cleaning checklist you can refer to when you're getting ready for a house showing to improve your efficiency. Evenly divide the work among family members, and make sure nothing important is overlooked along the way.