For home improvement, care, and maintenance tips, follow this series. We’ve ‘been there, done that’.
SERIES: Your net worth strategy includes caring for your home. This pays dividends when you sell, not just now. The ‘Portfolio Approach’ has never made more sense than now.
ITS COLD OUT!
If you have neighbors in older homes they tend to have hot water heat – so exterior pipes! Remind them and anyone else that may have hot water heat that its best in extreme cold to turn heat UP, not down.
The furnace cycles on/off and when off, water stops moving. The temp at the outside wall will be some average of outside air and the setting on the thermostat. e.g.: Set on 65, outside is -5 then that temp could be under freezing! This is especially true near doors, on the windy side of the house, and where pipes pass thru walls/ floors.
- Open closet doors.
- Allow inside air access to pipes as much as possible.
- Move obstruction from near pipes.
- Know where the water shut off and/ or well shut off is (and a wet vac should things turn ugly).
* Anibal Group LLC does not offer legal advice. This article is not to be considered advice specific to your situation. Most financial decisions should involve advice from a trusted professional of your choice that will advise on insurance, legal, banking/ lending, structural/ property condition, and other transaction significant matters. We can offer referrals for CPA’s and other professionals.
So much talk of lead in the drinking water in Flint MI these days. Well, I’ve owned 2 homes in Flint. I have the same wisdom for those folks as anyone who buys a home built pre-1986.
I recall when I built a home, coincidentally in 1986, that I had to switch from a lead solder to a tin solder. It doesn’t flow the same. But, the point is, per “The Safe Drinking Water Act Amendments of 1986”, homes built before `86 tend to have lead joints so it makes sense to drink & cook with filtered or bottled water. I do.
The law prohibited use of lead solders, pipes, and flux in drinking water systems. Plumbing solder lead content was set at 0.20% maximum. ( previously 50/50 mix w/ tin). It also included wording to require states to enforce the provision.
Investing in property ?
Like Chip & Joanna Gaines of Fixer Upper, I recommend you seek wise counsel ‘and all these things shall be added unto you’ says Biblical scripture.
When there is more that 1 person as part of the buyer / seller / ownership package, I take just as seriously the ‘non-financial aspects’ of the transaction. A move is a top stress item per every counseling material you read and study. Since its part of my business, I’ve studied family counseling materials for decades, taken counseling workshops (outside of my profession) and consumed countless hours of programming relating to, well, relating.
I think these kids have it right in the interview link. When the purpose is shared jointly and above either of you, the ‘team’ approach brings you together, not in competition with each other.
Houzz.com pictorial site is searchable site of photos for about any decorating idea or need you have. Its the “pinterest for home ideas. Take a look.
Four piles ! – that’s the bottom line.
- Toss it.
- Donate it.
- Sell it.
- Keep, organize and store it.
If a seller wants to get the same prince the neighbors got for their property, then I have expectations for them too !
Read the entire list with a caveat, e.g., I’d put kitchen bath rehab higher on the list, but if yours in no more than 5 years old and clean clean clean, then its off the list. You get the idea.
Above is the jest of today’s suggested reading.
I have my own pre-listing checklist I provide as part of your marketing package to use before putting you’re home live on the MLS or a sign in the yard. But here is a good related article from the “again, curb appeal brings intrigue, but people like clean homes, especially in eating and grooming areas”.
1. We want to test the market. For how long ? Whats the exact plan, 90 days ? And the 91st day? Price reduction– 90 days worth of potential buyers gone.
2. It costs too much. Staging costs virtually always less than the first price reduction…and carrying costs. ?
3. We can’t, we’re living in it. .. common misconception..
4. We didn’t have to stage any of the other properties we sold . Once you could generate three offers by 5 p.m. the same day your Realtor put the sign in the yard. Not now.
5. Everyone loves our house . Sellers are often baffled .. amazed that buyers have found things they don’t like about the property.
6. We can clean the carpets and declutter without someone telling us how. Do you know what separates “clutter” from “asset”? And what about traffic flows, highlighting architectural features, updating, and appealing to your target market?
7. We have no desire to remove/change our ____ (wallpaper/mirrored tile/gold faucets/paneling/dated light fixtures . . .). neither do buyers. Be ready to sell at a deep discount.
8. The view will sell this place. Then why many months later are these great view homes/condos still on the market?
9. We would rather let the buyers makes their own paint/flooring choices. And that equals a price reduction, double or triple the cost of these items and reflect that in their discounted offer price–which includes inconvenience.
10. Our home is professionally decorated. … tailored to the owner’s particular needs. Does it work for the new buyer’s needs?
… consult with a professional home stager before listing your property for sale.
Burglars most often enter a place through an unlocked door, says Craig L’Esperance, a detective for a Midwest law enforcement agency. Other times the home owners have a burglar alarm, but forget to set it when leaving the house, even for just a short amount of time.
Every home that goes on sale needs a makeunder. The less of you, the quicker your home will sell. The bigger and more spacious your home looks the higher it’s perceived value.
“Put your junk in a storage locker, neaten, fix the wobbly ceiling fan–and do it before you call your Realtor.”
…. Many of the best professional home sellers will shy away from putting a lot of time into selling your home if it’s a mess.
The only home improvement Sudler recommends is painting. Even there, he advises limiting the work to covering blemishes and repainting any rooms that have overly bright or outdated colors. More
10) Leave your “friendly” dog roaming free inside the house when you know we are coming to see it.
Not all buyers are dog people.
9) Leave something aromatic cooking in the crock pot for your dinner that night
Not all buyers are going to be fans of your food choices.
8) Keep photos of your family up throughout the house
Guess what they are not doing? Looking at your house.
7) Keep all your nick knacks out
I know they are precious to you but honestly they are distracting to the buyer.
6) Make it difficult for me to show your house
…. if our appointment time does not work for you don’t be surprised when we don’t reschedule. The buyer is likely to have moved on.
5) To continue on the pet theme, leave your cat roaming free throughout the house with a note by the front door stating “Please do not let the cat out”.
Again the focus has been shifted away from your home.
4) Don’t replace burned out light bulbs or use low wattage bulbs.
3) Close all the curtains and turn off all the lights
When we walk into the house instead of immediately noticing the great things about the house we are going to be fumbling around looking for light switches.
2) Turn the heat down
One of the quickest ways to drive a potential buyer out of your house is to make them view a cold house in stocking feet. It is hard to admire the spacious kitchen when your feet are being flash frozen by the cold tile floors.
1) Stay in your home while we are showing it