Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 146

Tips for Selling a House Quickly

by Melissa Thompson


Nobody wants to be in a situation where a house must be sold quickly, but sometimes circumstances beyond our control occur and suddenly there is a mad rush to get a house on the market and sold pronto.  If you find yourself in that situation, don’t despair!  I am here to tell you that you CAN sell a house quickly and for the best possible price.  The following tips will help you get your house ready inexpensively, and before you know it you will receive an offer and be on the move!

  1. HIRE A PROFESSIONAL REALTOR: Seriously. You will be so glad you did. Find a Realtor with a track record of sales that lets you know that he/she can sell a house quickly.  One way to be sure you find the right Realtor is to check TESTIMONIALS. If a Realtor has a lot of happy clients, there is a good chance you will be happy too!  Now is not the time to hire someone because she’s the friend of a friend, or he went to the same college as you.  Do your research and find someone who will truly make this process as stress free as possible for you while successfully marketing and selling your home.
     
  2. RENT A STORAGE UNIT: You don’t have a lot of time to declutter your home, so you need to be smart about it.  Shoving extraneous items in your closets is not a solution because potential buyers walking through your home will be looking in said closets.  A better option is a storage unit that can house anything that you need to get out of the house while it is on the market.  The best rule of thumb is that if you don’t use something daily, store it. Keep in mind that if you rent a portable storage unit, you can have your things transported to your new home once you have moved. Portable Storage Units in Memphis TN
     
  3. USE A PROFESSIONAL STAGER AND PHOTOGRAPHER:  It’s always important that potential buyers get a stellar first impression of your home, but even more vital when you are in a hurry to sell.  Experienced home stagers are able to look at your house and see it from a buyer’s perspective.  They know how to emphasize the positive and down play the negative.  Equally important are your listing photos.  The more photos you have, the more likely your property will be viewed online.  If hiring a professional photographer is not in the budget, then do your homework and be sure to take the best photos possible. Top 33 Real Estate Photography Tips & Mistakes to Avoid
     
  4. TAKE THE “YOU” OUT OF YOUR HOME: Potential buyers want to look at a home and imagine it as their own. It’s hard to do that if they are surrounded by your family photos and personal treasures.  Let’s face it, your little one’s art project may be a “Mona Lisa” to you, but might just be distracting to a buyer.  Keep it simple with the art…you want them to see the house and how it could be their home.
     
  5. BRING ON THE LIGHT: A poorly lit home comes across drab and dreary.  Who wants that?  Brighten things up with both natural and artificial light. When your house is going to be shown, make sure window coverings are open and turn on lights in all part of the house.  Consider new paint if any of your rooms are dark colors.  A fresh coat of a light, neutral shade will not only make a room feel brighter, but bigger as well.
     
  6. MAKE SMALL HOME IMPROVEMENTS: Now is not the time to start a major renovation.  Focus on small improvements in rooms like the kitchen and bathroom, where return on investment is most likely to occur.  Small, inexpensive touches such as a new shower curtain or new hand towels can give a room a boost. And if you have old, run down appliances, spending a little money to get shiny new ones will be well worthwhile!
     
  7. SPRUCE UP CURB APPEAL: First impressions matter…A LOT. When a potential buyer pulls up to your house, it is vital that they like what they see on the outside, or they might not ever make it inside. Make sure your yard is tidy by mowing and edging the lawn, trimming up shrubs and putting down new mulch.  Use a pressure washer to clean the exterior of your home along with your driveway and sidewalks.  Put a fresh coat of paint on your front door and create a welcoming aesthetic on your front porch with some pretty flowers. Remember…you can’t sell your house if people don’t see it.  A lovely exterior indicates an equally lovely interior.
     
  8. SHARE, SHARE, SHARE: Take part in promoting your home. Your Realtor will take care of listing it, but you can use your own social media to get the word out too! Don’t be shy. Send your listing to as many people as you can. You never know who might know someone, who knows someone, who knows someone that is looking for a home where you live!

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 today at 901-729-9526!

Home Décor 101

by Melissa Thompson

Whether you are moving into a new home, or you just want a fresh look for your current home, deciding on your home décor style is the first step toward creating a space that brings you joy.  You must ask yourself what style you like and, especially if you’re going to hire a decorator, you need to be able to put a name to that style. Contemporary, shabby chic, industrial, modern…the list goes on and on. With so many different options it is understandable if you are not familiar with the vocabulary used to describe them.  Here is a handy list of 8 popular home interior design styles along with descriptions to help you decide on the perfect one (or combination of styles) for your home:

  1. BOHEMIAN 

    This popular home and fashion design style reflects a happy-go-lucky lifestyle with the goal of simply following your heart. A bohemian home is often multi-cultural in that it contains globally inspired furniture, art, textiles, and rugs.It’s also common to find vintage pieces from furniture to displays of collections in a bohemian home.It’s an eclectic style that can incorporate items from various other styles. The key to creating a bohemian home is fill it with things you love!

     
  2. CONTEMPORARY

    Contemporary design often gets confused with modern, but they are different. Modern refers to furniture and design that is from an era that has passed. Contemporary is all about the here and now and even looks to the future. Another difference between the two is thatcontemporary design is more fluid than modern.For example, it can include curving lines while modern does not. If you like state-of-the-art materials, glass, and metals, contemporary is the way to go!

     
  3. FRENCH COUNTRY
    This style utilizes warm, earthy colors and worn wooden furnishings with farmhouse inspiration. Natural materials like stone and brick along with rich colors of red and yellow combine to create a French Country space.French Country design often also includes collections of colorful porcelain dishes and luxurious linens and bed coverings. 19 French Country-Style Rooms That Will Take Your Breath Away

     
  4. INDUSTRIAL

    This style draws inspiration from, well, industrial spaces; like a warehouse or an urban loft.It’s common to see things like exposedbrick, concrete, ductwork, and wood in and industrial space. In fact, many homes with industrial design arefound in former industrial buildings. Sparse furniture, high ceilings, metal light fixtures are the markings of a space featuring industrial home décor.

     
  5. MID-CENTURY MODERN
    This style is a throw-back to the styles popular in the mid 1900s; mainly the 1950s and 60s.If you love all things “retro”,you will love mid-century modern design!It also includes elements of minimalism and functionality.Mid-century modern décor creates a neat space utilizing natural shapes and simple fabrics. 30 Mid-Century Modern Living Rooms with a Timeless Appeal

     
  6. MODERN

    The term “modern” is used to describe home design that includes clean lines, basic colors, and materials such as metal, glass, and steel.Simplicity is key in modern décor. The goal is to have a look that is polished and tidy, without a lot of clutter or accessories.

     
  7. SHABBY CHIC

    Inspired by vintage style, shabby chic design incorporates feminine elements that are soft and delicate.  Furnishings in a shabby chic space are distressed or painted/finished to give them an antique-like appearance.  The color palette used for this style includes white, cream and pastels.

     
  8. TRADITIONAL 
    If you like classic details, luxuriant furnishings, and lots of accessories, then traditional design is for you!Dark, finished wood, rich colors, various textures, and curved lines are elements you will find in a home with traditional décor. Most traditional designs include layering of fine fabrics like velvet, silk and brocade, utilizing many patterns and textures. 40 Traditional Designer Rooms

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 today at 901-729-9526!

Photo credits: Pinterest

A Homeowner’s Guide to Building Wealth Through Home Equity

by Melissa Thompson


When you purchase a home, you are not only choosing where to live, you are making a financial investment as well. Home equity is the percentage of your home value that you own and with each mortgage payment you make you are contributing to your own financial savings.  The goal is to build up as much equity as you can so that when you sell your home, you will make a nice profit!  Here are some tips for building home equity:

  • Take Out a 15-Year Mortgage Loan - It’s common for people to choose a 30-year mortgage because many believe a 15-year mortgage is out of their budget.  However, it can’t hurt to ask your mortgage lender to run the numbers to see if a 15-year mortgage is doable for you.  You might be surprised to discover that the shorter term is within reach.  Sticking to a budget that allows you to pay off your house in half the time will build equity faster and will certainly pay off in the long run! These 4 Easy Steps Will Teach You How to Budget (Finally)
     
  • Pay Down the Principal - Build equity faster by paying down your home loan quicker.  Even if you don’t have the ability to take out a 15-year mortgage, you can still make extra mortgage payments when you have the means to do so and the difference extra mortgage payments can make toward building equity are huge. If you make just one extra payment toward principal each year, you can potentially pay off your home loan seven or eight years ahead of schedule.  There are ways to do this without breaking your budget.  For example, you can use a tax refund or a work bonus.  Another way to do it is to simply add a small amount to your principal payment each month. What is Mortgage Principal?
     
  • Make a Larger Down Payment - Depending on your credit standing, you can qualify for a conventional mortgage loan with a down payment as low as 3%, and an FHA loan with a down payment as low as 3.5%.  While it’s tempting to buy a house with a low down payment so that you have more cash on hand, the pros of making a larger down payment may outweigh the cons. The larger the down payment, the faster you build equity.  The faster you build equity, the more profit you will make should you have to sell your home before paying it off.
     
  • Make Improvements on Your Home - Making home improvements is a good way to add value to your property.  It’s important to educate yourself about what home improvements give you the best ROI (return on investment).  For example, per Chris Terrill, CEO of HomeAdvisor, “a minor kitchen remodel is one of the best investments homeowners can make.”  “Projects including refinishing cabinets, updating the countertops and installing new appliances all provide high return without breaking the bank.”  Other home improvements that add value to your property include replacing garage doors, adding a bedroom, updating a bathroom and installing new windows. And don’t underestimate the value of curb appeal!  A professionally landscaped yard will not only help with a quick sale; it can also add up to 20% to your home’s value!

Owning a home is likely the largest financial investment you will make, and the more equity you acquire, the more options you will have.  You can utilize your equity as a nest egg for the future or it can be used as a cash down payment on your next home.  Use these tips to build equity faster so you can build up your savings an enjoy this wonderful perk of home ownership!

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 today at 901-729-9526!

Photo Credit: thewhitellawoffice.com

http://www.yourkeytomemphis.com/Our-Video-Blog

Selling When There Are Pets in the Home

by Melissa Thompson


When selling your house, having pets presents some challenges.  Your fur babies are a beloved part of your family.  But it’s important to realize that not everyone feels comfortable around animals. So, it is vital that you consider the impact a pet may have on the bottom line when selling your home.

Some potential buyers may be perfectly fine with pets in the home, but for others, it might be a deal breaker. They might not ever walk through your front door if they know there are animals inside. Pets make some people very nervous, and others may have a fear of animals.  In addition, keep in mind that your pets are not their pets.  Even if they are pet owners and animal lovers, they don’t know your pets or what you allow them to do.

The best solution for home-sellers with pets is to relocate them while your house is on the market.  It may be upsetting for you to do this, but it is the best option.  At the very least, you should do your best to remove your pets from the house during open houses and when your home is being shown.  That means having a plan for those last-minute home showings. How to Prep Your House for a Last-Minute Home Showing

It’s also a good idea to remove all signs of your pet from the home when it is being shown. You want your home to look and feel as appealing as possible to homebuyers.  Cat litter boxes should be clean and kept out of sight.  If your carpets have pet stains, hire professionals to get rid of them. Replace them if necessary.  And be hyper aware of pet odors. Because you live with them, you likely don’t smell them. Have a neighbor come in and do a sniff test…and tell them to be honest if they smell pet odors.  If eau de doggy (or kitty) is present, try enzyme cleaners such as Simple Solution or Nature’s Miracle to get rid of it.  Put away food and water bowls when not in use and hide pet paraphernalia such as toys, kitty condos, leashes, animal beds etc.  Most importantly, vacuum religiously.  Every day. Sometimes twice a day. How to Get Rid of Pet Smells Fast

Remember that whatever steps you take to “de-pet” your home are temporary.  The sooner your house sells, the sooner you will be reunited with your precious pets and life with them will go back to normal.

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 today at 901-729-9526!

Photo Credit: earth911.com

Avoid These Deal-Breakers for Home Buyers

by Melissa Thompson


When trying to sell your house, you want to make the best possible impression on potential buyers.  While some buyers will say that they knew a house was right for them the minute they walked in the door, other buyers will tell you they knew immediately that a house was NOT right for them. Sometimes deal-breakers are personal, but often they apply to many and can damage your chances of a profitable sale (or any sale at all).  Avoid these deal-breakers to get the best deal when you sell:

  1. Pests - It seems obvious that people would be turned off by seeing bugs in a home, right?  But sometimes homeowners get used to having “bug problems” and don’t think about how they might negatively influence buyers.  Seeing one or two bugs, like maybe a fly or random little spider, might not be that big of a deal. But if a roach crawls out while people are looking at your house? Forget it.  They are out of there!  If you have any kind of infestation, you need to nip it in the bud before you start showing your house.  13 Best Pest Control Services in Memphis, TN
     
  2. Pets - Just because you love your pets and consider your home very “pet friendly” does not mean other people feel the same way.  There are a myriad of reasons why having pets can hurt your home sale. Sometimes it’s simply that animals make people nervous.  Taking your pets out of the home during showings can solve that problem.  But other things, such as visible food bowls, kitty litter boxes etc. can turn off people who don’t live with animals.  And any kind of pet odors can do a lot of damage as well.  It is a good idea to make sure your house is free of any pet paraphernalia and pet odors before opening it up to buyers.
     
  3. Small/Outdated Kitchens - Big, open kitchens are one of the most desirable features for homebuyers.  If you have a cramped, closed off kitchen, updating it before you put your home on the market will be well worth it.  Not only will you be able to sell it faster, you will get a better price for it and odds are you will likely recoup the money you spent sprucing it up and then some. Best Home Remodels to Get a Higher Sale Price
     
  4. Cheap Upgrades - Poor quality shows.  While you don’t want to spend a ton of money on a house that you are leaving, you also don’t want to hurt your chances of selling it by making cheap upgrades and repairs that are poorly executed.  Unless someone is looking for a “fixer upper”, they are going to lose interest quickly if they see a lot of shoddy upgrades.
     
  5. The Roof - A roof in bad condition will scare away potential buyers quickly.  The idea of buying a house and immediately having to foot the bill for a new roof is not appealing.  If your roof is old or in need of repair/replacement, take care of it before putting your house on the market.  Otherwise, expect to have to lower your asking price.  A new roof will not only improve resale value, it will also boost the curb appeal of your home, both of which will increase your chances of selling and getting the best price possible!

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 today at 901-729-9526!

Photo Credit: pinterest.com

Harmful Home Pricing Myths

by Melissa Thompson


When you are putting your home on the market to sell, your top priority is money.  As in, how much money can you get for your house?  And it should be.  Owning a home is likely the largest financial investment you will ever make and it is only natural that you want to get the most profit possible when you sell.  Setting the right asking price can mean the difference between selling quickly or having your home languish on the market for months.  The following myths can be harmful when trying to decide on the best price to ask for your house:

  • YOU’LL GET A BETTER OFFER IF YOU WAIT -  Receiving an offer right away when you list your house can give you a false sense of confidence that it is a hot commodity.  You may think that if this buyer was willing to make an offer so quickly, then surely many other people will be interested in your property as well.  But the truth is, you might not get another offer…at all, let alone for more money.  With no other offers guaranteed, it may be in your best interest to accept the first offer if it is a fair one. 7 Reasons to Accept the First Offer on Your House
     
  • YOU SHOULD LEAVE ROOM TO NEGOTIATE WHEN PRICING YOUR HOME -  You want top dollar for your home.  Of course you do!  But overpricing it, thinking that will leave room for you to accept a lower offer, may backfire on you.  Buyers might see the high price and not even bother looking at the property.  And if you keep dropping the price, buyers might wonder what is wrong with the place.  Price it fairly to begin with and you are more likely to achieve a successful, profitable sale.
     
  • YOUR HOME IS WORTH MORE THAN YOUR REALTOR SAYS IT IS -  An experienced, professional Realtor will be able to tell you how much your home is worth based on the current market.  You should trust your Realtor.  While online estimates might tell you that your home is worth more (yay!) or less (boo!) than your Realtor states, they are likely not accurate.  Trust your Realtor over the internet. It’s as simple as that.
     
  • YOU CAN GET BUYERS TO PAY FOR HOME IMPROVEMENTS YOU MADE IN ORDER TO SELL -  While some home improvements have a better return on investment (ROI) than others, you are not likely to get back all that you spend getting your house ready for the market.  It is wise to educate yourself about which home improvements will help you sell, which will get you a better ROI than others, and which might not be worth bothering. Six Best & Worst Home Improvements for Your Money
     
  • REDUCING THE ASKING PRICE IS A SIGN OF WEAKNESS -  Nobody wants to drop the asking price of a home. But it’s important to remember that time is money.  And if time is passing and nobody is showing any interest in your home, you are still stuck paying the mortgage, taxes and insurance. This will be especially stressful if you have already purchased a new home. Lowering your price a little may be all it takes to generate interest and who knows? You might end up getting your original asking price anyway!

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 today at 901-729-9526!

Photo Credit: wsj.com

Keep These Items When Downsizing

by Melissa Thompson


Getting organized to move is an arduous task. When you are downsizing to a smaller home, you will hear a lot about getting rid of stuff.  It makes sense to get rid of a lot of unused belongings when you are getting ready to pack and move, especially if you are downsizing.  But it’s important not to go overboard! There are some things that are worth keeping. In fact, there are some things you should never throw away, even when downsizing:

  1. Important Papers

You should let go of as much paper as you can before moving, but be careful that you don’t thrown away important documents.Hang on to the following: birth and death certificates, marriage licenses, divorce decrees, social security cards, retirement documents, medical records, insurance policies, passports, wills, trusts, power of attorney documents, property deeds, investment records, education records, diplomas, military service records and vehicle titles. 8 Ways to Organize All of Your Most Important Paperwork

  1. Collections

If you collect something, clearly it has significance to you. Maybe you just like it, or maybe it has sentimental value.Either way, you should definitely take your collection with you and make room for it in your own home.Now, if you have several collections, you might have to pick your favorites and leave some behind.But downsizing doesn’t mean having to let go of the things that mean the most to you.

  1. Family Heirlooms

Sometimes you inherit things that you feel you must keep just because they were passed down to you from family, but you don’t really like them. You keep them packed in a box and don’t use or display them.There is no point in moving these to your new home. However, family heirlooms that you love should make the cut.Downsizing gives you the opportunity to take stock in your family heirlooms and decide what is worth keeping and what can be sold or given away.Take the items that you enjoy and that are meaningful to you…leave the rest.

  1. Electronics

Unless you have the time to make sure that all your electronics have been completely cleared of personal information, you should take them with you.The last thing you want is to give away, sell, or dispose of electronic devices that still carry your personal information. How to Get Personal Data Off Your Devices

  1. Photographs

When you are in the midst of packing for a move and you are exhausted and overwhelmed, you might start throwing away things that seem unimportant at the moment…but you may regret it later.Take all your photographs with you.If you have time, save space by getting them digitized using a company like Legacy Box, but don’t throw them away!

  1. Landline Phones

Many people rely solely on cell phones these days.But you never know when you might misplace your mobile phone, run out of battery or lose service.Keep at least one land line for emergencies. 7 Reasons to Keep Your Landline

  1. Sentimental Items

This may seem like a given.Of course you won’t leave any sentimental items behind.But sometimes it’s difficult to decide what holds deep sentimental value to you, especially when you are overwhelmed by the sheer amount of belongings you have to move and fit into your new, smaller home.Don’t let downsizing make you feel like you must get rid of the things that mean most to you.Choose the ones that mean the most and bring them along!

Are you looking to downsize? If so, professional Realtor Melissa Thompson can help you sell your current home and find a new home to better suit your needs. Give her a call today at 901-729-9526!

Photo Credit: debt.org

Creating an Outdoor Environment You Will Enjoy

by Melissa Thompson


During the summer, many people spend time outdoors to savor the warm weather.  Unfortunately, there are some not-so-pleasant aspects of spending time outside this time of year as well.  Bugs, rain, and hot, humid days can make you want to stay indoors.  The following tips will help make the time you spend outside more comfortable:

  1. BUGS.  Yuck.  Whether you are hosting an alfresco dinner party or just simply trying to relax with a good book on your deck, nothing will send you running back inside faster than nasty, annoying bugs.  If mosquitoes are a problem in your area, dealing with them is imperative if you want to be able to enjoy the outdoors.  Screening in a porch is an ideal way to be able to feel like you are outside without all the awful bug bites.  Other ways to keep insects away:
  • Do not keep any standing water on your property.  Even a single forgotten flowerpot full of rainwater can become a mosquito breeding ground.
  • Make water features running rather than standing, or treat them with Mosquito Dunks
  • Install ceiling fans on porches - flies and mosquitoes do not like moving air.
     
  1. USE OUTDOOR FABRICS IN EXPOSED AREAS.  If your porch is covered, you may be able to get away with using more delicate furniture and cushions not specifically made for outdoor use.  But if your seating area is exposed to the elements, you will want to invest in fabrics and furniture made for outside use.  They will likely be more expensive, but they won’t fade in the sun, will resist stains and are water resistant.  The cushions are stuffed with material that sheds water easily so that they won’t stay waterlogged if they get wet.
     
  2. UTILIZE A STORAGE BENCH.  While outdoor cushions are designed to stand up to repeated soakings, they will still be wet for a while directly after a rainstorm.  You can avoid having to sit on damp cushions by keeping them in a covered storage bench when you know there is a chance of rain.  If they won’t fit in a storage bench, lean your larger cushions against the wall of the house.  Do the same with any lightweight folding chairs.
     
  3. MASK SOUNDS WITH RUNNING WATER.  If noise is an issue that prevents you from indulging in a peaceful outdoor experience, try using a water feature to drown out the distraction.  Water is a great way to gently camouflage sounds from close neighbors.  Try installing a fountain near your seating area for a more tranquil atmosphere. How to Install a Garden Fountain
     
  4. MUSIC. If the water feature doesn’t appeal to you, soft music playing in the background can be just as effective at masking sounds.  With wireless speakers, you don’t even need an outlet to play your music.
     
  5. SHADE.  Even when you are craving the warmth of the sun, sitting outside without any shade on a hot, sunny day will send you running for the AC before too long.  There are a lot of options for adding shade to your yard. Try freestanding umbrellas, a cloth overhang, lattices, a shade tree, or a pergola.
     
  6. PUT TOGETHER AN OUTDOOR DINING KIT.  Dining alfresco will be easier if you have a kit ready and waiting.  Put your frequently used outdoor items in a basket or on a big tray with handles so you can just grab it and go.  Here are some things to include:
  • Unbreakable wineglasses and plates
  • A carafe for water, wine or tea
  • Big napkins
  • Candles and matches or a lighter
  • A wicker or mesh dome-shaped cover to keep flies off the food
  • Unbreakable outdoor serving pieces
  • A bottle opener
     
  1. HAVE BLANKETS FOR CHILLY EVENINGS. Keep some blankets nearby.  Old wool camp-style blankets, lightweight kantha quilts, or fringed throws work well.  Your guests will thank you on chilly evenings in the garden!
     
  2. HAVE ADEQUATE NIGHTTIME LIGHTING.  Your outdoor space will really come alive at night with outdoor lighting. Try placing lighting under a bench seat for subtle illumination, make a ring of lanterns on the grass around your dining table or hang strings of lights overhead.  Landscape lighting will add to the ambiance as well.

If you’re looking for a house with a beautiful space for outdoor enjoyment, let Melissa Thompson help you find the right home for you and your family!  Call her today at 901-756-8900!

Photo Credit: apartmenttherapy.com

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

How to Stay Cool and Reduce Your Electric Bill

by Melissa Thompson


Being a homeowner comes with a lot of expenses, so, we search for places where we can cut back to lower costs. With summer approaching, and the hot days that come with it, chances are your air conditioning will be running full time, but there are several ways to save on your monthly electric bill.  Try these tips and you’ll find a lower bill in your mailbox next month!

  • Get an Energy Audit - Check and see if your utility company offers a free home energy audit.  If so, it’s well worth it to have them come out.  They can point out areas where you can trim your energy use.
     
  • Install Dimmer Switches - Dimmer switches will allow you to only use as much light as you need.
     
  • Keep Your Fridge & Freezer Full - The food that you store in your fridge and freezer serves as insulation, so the more you have in there, the less your appliance must run to keep itself cold.
     
  • Install Ceiling Fans - If you keep the air circulating in your home, your AC will not have to work as hard to keep the house cool.
     
  • Line Dry Your Laundry - Let Mother Nature dry your clothes for you on warm, sunny days.  When that is not possible, try using a drying rack indoors.
     
  • Eliminate Phantom Loads - You may be shocked to know that about 75% of the energy used by home electronics is consumed when they are turned off. Some examples of these “phantom” users are: televisions, CD players, computers, and various kitchen appliances. The simple solution is to plug all these items into a power strip and then turn the power strip off when not using them. Phantom Loads - Take Control and Save
     
  • Install an Attic Fan - An attic fan will pull cool air into your home, and help to remove hot air.
     
  • Shield Your Home from the Sun - You can cut down on air conditioning use by closing your curtains and blinds on the sunny side of the house.  You may also want to consider planting trees that will provide shade during the sunny times of the day. 12 Fast-Growing Shade Trees
     
  • Schedule Yearly HVAC Maintenance - Having your HVAC inspected and cleaned each year will save you money in the long run…and it will help provide cleaner air to your home.
     
  • Change Your Filters Regularly - Filters should be changed every 30 days to keep your HVAC running at peak efficiency.
     
  • Switch to LEDs - LED light bulbs use 90 percent less energy than incandescent bulbs.  Switch out the bulbs you use the most in your home and then change the rest as they burn out.
     
  • Lower the Temperature of Your Hot Water Heater - 13% of your home’s energy goes to heating water. You can lower this percentage by setting your hot water heater to 130-14 degrees.

As you can see, while you may need your AC to keep cool during the warmer months, there are a lot of other ways to cut costs so that you don’t get a shocking electric bill in the mail!

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 today at 901-729-9526!

Photo Credit: hessolar.com

Displaying blog entries 1-10 of 146

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