Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

Increase Your Home Value with these Designer Tips

by Melissa Thompson


When designing and decorating your home, unless you plan on living there forever, it’s important to consider resale value.  Since your home is likely your largest asset, you want to be sure to get the highest return on your investment when you sell it.  So, design upgrades should not only appeal to your aesthetic desires, but should also have a positive impact on resale value.  Here are some tips for renovations that designers have found to be most beneficial in helping houses sell:

  1. Choose a design that makes a room feel bigger than it is.  If you select and place furniture to fit the scale of a room, it will go a long way in making the space feel larger than it actually is.  Even though buyers will know the square footage, the perception of rooms being larger will have a powerful impact. When rooms feel more spacious, buyers see more potential in the home.
     
  2. Stick with tradition.  If you are redesigning a room, don’t feel like you need to get rid of everything you have and purchase all new things. Keep some of the home’s traditional elements. You’re never going to please every potential buyer, but making too many changes can backfire. People like to see homes that stay true to their roots.
     
  3. If you don’t have a walk-in closet in your master bedroom, add one.  A roomy, functional walk-in closet will add value to any home. Buyers see it as a luxury and are always excited to see one.  It might feel like an expensive upgrade, but it is one that will pay off in the long run.
     
  4. Don’t neglect the kitchen.  Of all the rooms in your home, an upgraded kitchen is the one that will get you the best return on investment.  The kitchen is the heart of the home. Even if you don’t love cooking, and order out more than you cook, it’s still used for eating, drinking, and storage.  You don’t even have to do a lot to make your kitchen stand out.  Even small upgrades like new light fixtures and hardware will add value to your home.
     
  5. The more storage your home has, the better. Buyers seek homes that provide a lot of storage space.  You truly can’t have too much!  If your home is lacking in storage, adding some will increase its value.  You may have to be creative, but it will be worth it! 7 Sneaky Ways to Add More Storage All Over Your House
     
  6. Fresh paint makes a huge difference.  You don’t have to make huge changes to make your home more appealing.  A simple, fresh coat of paint can give your home a whole new look and feel.  It’s one of the most cost-effective ways to update your home.  When choosing colors, stick with neutrals because they are a safer choice when selling your home.
     
  7. Be environmentally friendly. Millennials purchasing homes are looking for energy efficient, environmentally friendly options. You will not only reap the benefits of living in a more energy efficient home, but you will impress potential buyers who want to do their part in protecting the environment. 4 Eco-Friendly Upgrades for Your Home
     
  8. Bathrooms get you a lot of bang for your buck.  Second only to kitchens in importance to retail value, an upgraded bathroom is sure to impress potential buyers.  Since they are small spaces, little changes like replacing an outdated vanity, changing light fixtures, and updating hardware can go a long way. 

Whether you plan to be in your home for a long time, or you’re thinking of selling soon, make smart choices with your home design upgrades for your own enjoyment and for a great return on your investment.

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor, Melissa Thompson, and let her help you with all your real estate needs! Give her a call at 901-729-9526 today!

Photo Credit: pinterest.com

Easy Home Updates That Won’t Break the Bank

by Melissa Thompson


Another year is coming to an end and like many people, you may already be thinking about what you are going to do to make next year better.  If home improvement is on your new year’s resolution list, but your budget is already a bit strained, there are a lot of home updates you can do that are inexpensive.  Try these easy upgrades to give your home a fresh look for 2019:

  1. Freshen Up the Front Door

Whenever I am decorating or even just cleaning, I always start with the places that guests will see first.Well, your front door is one of the first things people see when they come to your house, so why not make it as appealing as possible?Perhaps give it a new coat of paint with a color that makes it pop and say “welcome”!Or, if you already like the color of your door, give it a thorough cleaning to make it shine and add a pretty wreath.

  1. Modernize Light Switches and Outlets

If you are still living with the light switches and outlets that the builders put into your house, chances are they were the cheapest ones they could find.And if your home is older, they might not only be “dated” but also kind of faded or yellowed.You might be surprised how much it will brighten up your house to have clean, new switch plates and outlets!

  1. Embellish Mirrors with Frames

A plain sheet of mirror sitting above a sink is, in a word, boring.Take it down and replace it with a mirror with a frame and you will be amazed at the difference it makes! If you don’t want to take down the existing mirror, you can add a frame to it!

  1. Change Up Lighting Fixtures

Every space in your home is impacted by lighting.If you have outdated light fixtures, or you simply don’t like the ones that came with the house, switching them out for new ones is a great way to update your home!

  1. Don’t Like It? Paint It!

A new coat of paint can transform just about any surface!Kitchen cabinets dull and drab? Paint them! Paint stores will allow you to purchase samples so that you can try different colors before choosing one.Whether you decided to paint the walls of a room or just some accents like cabinets or furniture, a change in color can give things a whole new aesthetic.

If you are in the market to buy or sell a home in the Memphis area, contact professional Realtor, Melissa Thompson, and let her help you with all your real estate needs. Give her a call at 901-729-9526 today!

Photo Credit: freshhome.com

7 Ways To Prepare Your Home For An Appraisal

by Melissa Hayes Thompson

While many owners consider a 
home appraisal as simply another step in the process of selling or refinancing their homes, homeowners who prep their homes for the appraisal often fair better than those who do nothing.

Here are seven ways to prepare your home for the best appraisal possible:

1. Give the appraiser a list of recent sales. Ask your real estate agent to make a list of properties similar to yours that have recently sold in your neighborhood. Be sure to include the sales price. This is one less thing the appraiser has to do.

2. Supply a copy of your home’s blueprint. This will help to verify room measurements and lot size. Also, provide the date your home was built.

3. Provide a list of improvements. Make a list of improvements you’ve made to your property since you bought it. Include the dates the improvements were made. Be sure to list all improvements such as adding a room, updating your kitchen or bathroom, pouring a patio or replacing a roof.

4. Make it easy for your appraiser to see the entire property. Do you have an attic or crawl space that’s hard to access? Do whatever is necessary to make it easy for the appraiser to get to those hard to reach spaces.

5. Spruce it up. A clean home makes a good impression. Trip the lawn, clean the garage, and make minor repairs both inside and out.

6. Point out amenities. Do you have a sprinkler or security system, built-in vacuum, or other special features that aren’t obvious? Give a list of these amenities to your appraiser.

7. Provide a copy of your most recent property tax assessment. The assessed value of your home is what your taxing authority (your county, city or town) uses to determine how much property tax is due. The period between assessments varies by jurisdiction. Some taxing authorities might conduct full assessments every six years, for instance, but update their records annually to account for new homes or building improvements. Contact your county, city or town to get the most recent tax assessment for your property.

 

Displaying blog entries 1-3 of 3

Syndication

Categories

Archives

Contact Information

Photo of Melissa Thompson Real Estate
Melissa Thompson
Crye-Leike Realtors
6525 N Quail Hollow Road
Memphis TN 38120
(901) 729-9526
(901) 756-8900
Fax: (901) 435-0620