8 Overlooked Items When Preparing Your Home for Sale
So you’ve prepped your home cosmetically for sale in every imaginable way – fresh paint, a deep cleaning, new landscaping, decluttered closets and even organized the garage! Your house looks better then it ever has and you are ready to hit the market! Before you proceed with the “For Sale” sign in the ground, there are several key pieces of information when preparing your home for sale that you should consider gathering that today’s savvy buyers are going to want to know.
1. Survey
Do you have a copy of a current survey on your home? Have this document available and provide to your listing agent so they can include in the information about your home. Buyers want to know about property lines, easements, conservation buffers, if there is room for a pool, if the property line extends to the water behind your home, etc. Having a survey to provide upfront will help to eliminate these types of concerns vs. waiting until a property is under contract.
If you’ve made any changes that would affect your property such as adding a pool or fence since you took ownership and are not shown on your current survey, it’s important to advise the buyer. A new survey will usually need to be ordered prior to closing in this scenario. If you don’t have one from when you purchased the home, try contacting the title company or attorney’s office that handled the closing of the property. Depending on how long ago that was, they may be able to retrieve from their archives.
2. Floorplan or Appraisal Sketch
Buyers often need to know room dimensions as it helps with determining furniture placement and to ensure how what they have will fit (or have to be reconfigured) in the new space. As any real estate agent can attest, many hours have been spent measuring spaces while looking at a home and comparing that against the existing buyer’s furniture dimensions.
An appraisal is helpful as it can confirm the exact square footage of a home vs. relying on tax records which may not be accurate. We’ve all heard stories where the appraisal showed the actual square footage that was smaller than what was initially represented in a listing sheet. Having an appraisal will help to ensure that does not happen. You should have received a copy of the appraisal if you obtained a mortgage loan from your lender or if you refinanced. If you don’t have either, consider having a floorplan drawn up or home measured by an appraiser when prepping your home for sale. Your agent can assist with resources to this effect.
3. Utility Bills
Buyers want to get an idea of what they can expect the heating and cooling bills to be in a home. Review your bills over the last one to two years to get an average in the various seasons, or call your local utility provider as they can often provide you with information on the high, average and low costs. This information can be very beneficial when a buyer sits down to number crunch their total costs of owning a home. If you had an unusually high or low bill, provide some explanation to accompany the numbers.
4. Pest Control
If you maintain any type of pest control on your property, compile information as to who the provider is, what you have done, how much you pay and how often does the company come out to treat the property. A copy of your service agreement is helpful in this instance.
5. Insurance
Buyers especially want to know who a seller uses for their homeowners insurance and how much they pay. This is particularly the case in higher risk areas (where there are hurricanes, floods, fires, etc.) With homeowners insurance potentially more difficult to obtain in some areas, going through the existing seller’s insurance company can help streamline the process, particularly on an older home.
6. Product Manuals and Warranty Documents
Now is the time to gather the various product manuals for all items that will be staying in the home such as appliances, water heater, heating and cooling system, ceiling fans, pool equipment, etc. If your home came with any warranties, be sure to include these for the new owner as well. Putting all of these in one large envelope makes it easy for everything to be readily accessible in one place for the new buyer.
7. Service Providers
Compile a list of all service providers/vendors and their contact information who you have used on your home – lawn service, pool service, A/C company, etc. While a new buyer may or may not choose to use these services, they will certainly appreciate having resources available to them and may elect to initially use them as they make the transition to living in your home.
8. Covenants and Restrictions, Neighborhood Rules and Information
This is key critical information for a new owner to have on hand. A contract may likely hinge on the buyer’s review of this information, so easiest to have it available ahead of time. If you don’t have these, contact your neighborhood’s association president or management company for assistance in obtaining a copy. Many of these documents are matters of public record and are available by going online to the appropriate municipality’s website.
Work with your agent to create an informational package or binder that you can provide to prospective purchasers that come through the home with the information mentioned above. Gathering this information before you put your home on the market will save time and make the process that more efficient once you find a buyer. It may even help your home to sell faster as all of this information is available upfront, eliminating the need for guesswork and waiting on answers while another property could possibly come on the market to grab the buyer’s attention. You want to help keep the buyer focused on your home, so make it easy for them to buy by giving them what they want. Happy selling! You can read more home seller tips here.
SOURCE: Coldwell Banker
5 Things to Consider When Building a Pool
Perhaps a pool is at the top of your wish list, but you’re not sure what things to consider when building a pool. Pool installation expert Hank Henry from Riverbend Sandler Pools recently designed a 3-dimensional video giving homeowners a new, interactive way to experience SouthernView Residential’s latest project, an energy-certified, ultra-smart home at 5516 W. Hanover Avenue Dallas, Texas 75209. The 3D tour fills the gap of imagination on the large lot of this N Devonshire home.
While today’s pool-buying experience is a far cry from the days of pencil sketches and drawing boards, the decision to build one still can be unnerving. Yet, this addition can add long-term value to both your home and family life. Before diving in–pun intended!–there are five things to consider when building a pool.
If possible, hire a contractor you know
Find a reputable pool builder who will listen to your wants and needs. Financial stability, years in business, service after the build, construction techniques and attention to detail and reputation all come into play. Pool construction is no different from any other construction project: you can have unforeseen costs and setbacks, so find a reliable resource. Seek references from friends, family members and even strangers who own pools you like.
Determine your budget
Consider consulting a financial adviser on the costs and benefits of a pool relative to the value of your home. Decide how much you can afford to spend. The prices for pools can vary significantly depending on materials and the scope of the work. “The starting price for a pool and spa in our market is around $60K, but most of my projects average around $90K and this particular pool, depending on the specifications, would range from $70K to $100K,” Henry said, speaking specifically of W. Hanover.
To get an estimate, schedule a meeting at your home with a pool contractor to discuss your design options and budget. You would probably follow that with a meeting in the contractor’s design center to review designs and materials; from these selections, an estimate can be refined. “The 3-dimensional design would be viewed in my office to help the homeowner understand the specifics of their design, based on what it would look like in their particular yard,” Henry said.
Who will use the pool?
The size and design of your pool will depend largely on the people you expect to use it. Will it be only adults, or will you host a lot of kids who need room to dive and do cannon balls? Or will it be a lap pool, or a retreat for casual sun-bathing and lounging more suitable for adults?
Think about maintenance
A pool can add up to 7 percent in value to your home, but the extent of maintenance is one of the major things to consider when building a pool. If possible, hire trained and certified pool technicians to keep your pool in pristine condition.
Consider your landscaping
When designing your ideal poolscape, consider the amenities and landscape of your yard. “Look for focal points from inside the house, so you can enjoy the pool from the inside of the home. Sun angles can help with getting more out of the swim season,” Henry advises. Also, if you’ll need or want to hire a landscaper, remove trees, plant shrubbery and flowers, or otherwise add to the ambiance, that is another cost to consider. But such improvements are certain to add to the value of your home!
