If you are looking to sell your home, and are thinking about remodeling the kitchen, there are a few trends to be aware of. Buyers interested in your home will love these features, and they may even add value to your home.
You can add a few of these features with a small budget and without having to bring in a demolition crew.
Clean, Minimal Style
While shaker cabinets were once considered to be a clean look, buyers today prefer a more minimalistic look with flat-panel cabinets. The current trend is black cabinetry. Not interested in Black? Deep Navy is also a popular choice for kitchen cabinets. For a classy look on dark cabinets, consider brass accents.
Form Follows Function
Instead of a multi-featured kitchen, the trend is to have a more functional kitchen. Not every kitchen needs a grill. A focus on functionality means making sure lots of counter space is available. Wood is a top choice countertop and for bar areas, and many homeowners are using stone counters near the sink.
Neutral Colors
Earth tones have long been a top color choice for walls, and today’s kitchen trends keep the focus on neutrals. White, beige or light grey paint are all good choices.
Open Shelving
Open shelves have been on-trend for a few years, but they are more popular than ever. Perfect for displaying glassware or plates, this type of shelving helps the room feel more open, especially when shelves replace over-the-counter cabinets. This trend fits in well with the desire for a more minimal and functional kitchen.
Recessed Lighting
Do you have a kitchen island? If so, you likely have pendant lighting over it. The trend in today’s modern kitchens is a simpler style. Recessed lighting is finding its way back after being off-trend for a while.
Beverage Centers
With entertainment in mind, beverage centers are a growing trend. Creating one can be as simple as placing a mini-fridge in a cabinet or adding a wine refrigerator.
Eco-Friendly Design
If you are looking to bring your kitchen up-to-date, consider going green. More home buyers today are looking for energy-efficient appliances. You can also add LED lighting to reduce energy costs.
At Karen Cannon, Realtors, we are local real estate experts for Dunwoody, Sandy Springs and North Atlanta. We live, work and play here, and our agents are hand-picked for their connections in the community. Our highly effective marketing program allows us to shorten the number of days on the market. We’ve even put homes under contract sight unseen!
If you are thinking about selling your home, call us at 770-352-9658.
Thinking of selling your home? Buyer demand is high while inventory is at an all-time low, so you want to make sure you take advantage of market conditions and get the most for your home. Before placing your house on the market, there are simple steps you can take to increase the value of your home – ranging from quick, affordable changes to small renovations.
Make the outside of your home look as good as you can. You don’t have to hire a professional landscaper. Instead, look for any areas where the landscaping is overgrown. Some simple pruning and trimming can go a long way. Remember, the outside of your home is the first thing that potential buyers and the appraiser will see. We also recommend fresh pine straw or mulch, pressure washing your walkway and driveway and adding some annual plants for color.
Enhance the lighting in your home. You can add things such as brighter light bulbs, removing heavy drapes that do not let in natural sunlight, and keeping your blinds open. To make a small room seem brighter, use a high wattage light.
Complete the maintenance that you may have neglected. Check the insulation levels in the attic; repair plumbing leaks; fix a rotted stair or rail on the porch; make sure that windows open, or replace broken screens. Buyers will notice these as detractors, and it may lower their bid.
Examine your front door. Is it welcoming? Does the doorbell work? An inviting entrance will make a great first impression. In fact, many buyers will decide on their interest level in the home within the first seven seconds.
Paint your walls a neutral color. Buyers want to imagine a blank slate. At the very least, touch up areas of the walls the have marks or chipping paint.
Spruce up your bathroom and kitchen. While you can add new fixtures, there are smaller changes that will resonate with buyers. Deep cleaning helps. Remove stains, clean any mold, mildew or soap stains. Replacing peeling or stained caulking can help the bathroom look cleaner and brighter.
Contact An Agent Today
When you’re ready to list your home, let us help you find ways to boost the value. We’ll guide you through the home selling process, working to protect your interests every step of the way.
Home safety is an important topic for buyers, sellers and Realtors. Since January is National Radon Action Month, we would like to help you eliminate radon out of your home so that you and your family can have safer, healthier air to breathe. It’s important to us that all current and future homeowners know the dangers of radon as well as the preventative measures to take.
Educate Yourself and Others
Radon is the leading cause of lung cancer deaths among nonsmokers in America and claims the lives of about 21,000 Americans each year. The EPA highly recommends that all Americans test their homes, schools, and other buildings for radon. Exposure to radon can be a highly dangerous health risk. Testing the levels of radon in your home, school, or workplace can go a long way to preventing exposure. If a high radon level is detected in your home, there are measurable steps to you can take to fix the problem to protect yourself and your family. Encourage family and friends to test their homes as well.
Test Your Home
Radon cannot be tasted, smelled or seen; but it could still be present in your home. EPA and the U.S. Surgeon General recommend that all homes in the U.S. be tested for radon. Testing is easy and inexpensive. To further educate yourself on testing your home as well as how to obtain a user-friendly Radon test kit, we encourage you to visit www.Epa.gov.
Find a Radon-Resistant Home
If you are considering buying a new home, speak with your Realtor about looking for homes where the builders used radon-resistant new construction. Also, building radon-resistant new homes is an option. Using the necessary techniques to prevent radon from entering a home is practical and straightforward for any builder. It’s a highly effective and inexpensive way to offer families a benefit that could reduce their risk of lung cancer. One of the best things you can do to prevent you and your families’ exposure is to get radon gas out of our homes right away. It would be considered an environmentally responsible plan of action that will help reduce the chances of lung cancer. Making sure your home is as green as possible is the best way to combat radon. Especially, since it enters the home from under the ground.
At Karen Cannon, Realtors, we are local real estate experts for Dunwoody, Sandy Springs and North Atlanta. We live, work and play here, and our agents are hand-picked for their connections in the community. Our clients know about homes coming on the market before anyone else. And our highly effective marketing program allows us to shorten the number of days on the market. We’ve even put homes under contract sight unseen!
If you are thinking about selling your home, or are interested in moving into Dunwoody, Sandy Springs or the surrounding areas, call us at 770-352-9658.
More than 77 percent of people own a smartphone.1 The average person checks their smartphone 46 times a day, with people under the age of 24 checking it an average of 74 times a day.1 We check it while we’re waiting in line and during our leisure time, whether we’re scrolling through social media, reading emails or getting up-to-date on the latest news.
Smartphones are not only a useful tool for communication. With the following apps, you can get organized (whether you plan to buy or sell), save money, learn about the homes in your neighborhood and get inspired for your next renovation project. If you’re like 81 percent of people, you have your smartphone with you during most of your waking hours; let it help you stay organized and make your life easier.3
Apps For Homeowners: Get Renovation Inspiration
These apps not only offer ideas for your next remodel or home décor project, some of them even give you a preview of what your home may look like once it’s finished.
1.) Houzz (Free)
The Houzz app is the number one app for home design and it’s no wonder; the app gives you access to all the inspiration, blogs and design ideas from the Houzz site on your phone or tablet. The app features View in My Room 3D, which allows you to view products in your home before you buy. Just take a photo of the space and a 3D version of the product will appear. Browse products, save photos of designs you’d like to view later and connect with local professionals in your area. Whether you’re gathering ideas for your next renovation and décor project or you’re just browsing, the Houzz app will satisfy all your design needs.
Make sure the photos, shelves, mirrors and other artwork you hang are even and aligned with this helpful app. It’s an all-in-one tool kit that features a plumb bob, surface level, bubble level bar, ruler and protractor. No need to purchase these tools separately; just hold your smartphone up to the wall and the app will take care of the rest.
If you’re thinking of changing the color scheme of your home or want to find the right shades for lamp shades, rugs or throw pillows to match your vintage sofa, the Color911 app provides pre-selected color palettes to match any color scheme. Take a photo of the room or the furniture and the app will create a custom palette full of complementary colors. Write notes about your palette and organize it all into folders to share with family, friends or your design professional.
Hungry and looking for a local hotspot? Meeting friends at a coffee shop nearby? Or just need to find the closest ATM? AroundMe allows you to search for the nearest restaurants, banks, gas stations, book a hotel or find a movie schedule close to where you live. Open the app and start learning more about your neighborhood. (iOS, Android, Windows)
BrightNest (Free)
From keeping things clean to making them colorful, Brightnest, developed by Angie’s List, is loaded with suggestions on how to make your home a better place to live. With categories of customized tips (money-saving, cleaning, eco-friendly, healthy, cooking, and creative) there are plenty of great ways to pull inspiration from the app. BrightNest will help you tackle important home tasks with easy-to-follow instructions, a personal schedule and helpful reminders. (iOS, Android, Web)
Apps For Sellers: List & Sell Your Home Quickly
Are you a homeowner who is thinking of selling? If you’re preparing to sell, you know there are a lot of tasks to complete before putting your home on the market. These apps help you manage your to-dos so you can list and sell your home more efficiently with fewer distractions.
4.) Homesnap (Free)
Using the Homesnap app, you can snap a photo of any home, nationwide, to learn more about it. When you’re ready to sell, snap a few of the homes in your neighborhood to find out their valuation. This app isn’t perfect, which is why you should always consult with a local real estate agent. However, it can give you a general idea of the value of your home compared to others in the neighborhood. (iOS and Android devices)
5.) Docusign (Free)
Use the DocuSign app to complete approvals and agreements in hours—not days—from anywhere and on any device. Quickly and securely access and sign any documents. The benefit to using the app (over your desktop computer) is you will receive push notifications when a document is waiting for your signature and you can view and organize all your docs on-the-go. Using the easily downloadable app, receive and sign documents for free. You can receive and sign documents for free, but will need a paid account to send documents; pricing starts at $10 a month. (iOS, Android, Windows, Web).
Bonus App for Sellers:
Real Estate Dictionary (Free)
Not sure what all those industry specific terms mean? Search thousands of words and phrases from real estate, mortgage, and financial dictionaries for clear, in-depth definitions. This is a handy app for anyone who’s buying or selling and wants to learn more about the process. (iOS, Android)
Apps For Renters: Get Ready to Buy
Not ready to buy a home just yet? These apps will help you get into the perfect rental while you save money, build a budget and get on track for homeownership.
6.) Mint (Free)
Do you know where your money goes each month? Manage your bills, budget and credit score all in one place. Mint is a free app that helps you view your complete financial picture and track your spending. We recommend this app to anyone, but it’s especially useful for renters who need to crack down on their spending in order to save for a down payment. Use Mint to look for areas you can cut spending in order to save a little extra each month. (iOS, Android)
7.) Acorns ($1 a month to start)
Acorns is modernizing the practice of saving loose change with their automated savings tool. The app rounds up your purchases on linked credit or debit cards, then sweeps the change into a computer-managed investment portfolio. Acorns is free for four years for college students and everyone else pays $1 a month until their account balance hits $5,000, then 0.25% of their account balance per year. This is a useful tool for those who have a hard time saving. (iOS, Android)
8.) Neighborhoods & Apartments
Built for the on-the-go apartment hunter, this app from Walk Score takes the hassle out of finding your next home or apartment and helps you live near the people and places you love. They collect listings from top rental listing sites and we like them because they share how walkable each address is, determined by access to public transit, things to do, bike trails, shorter commutes, etc. (iOS, Android)
Bonus Apps for Renters:
Wally (Free)
Wally is a personal finance app that helps you compare your income to expenses, so you can understand where your money goes each month, and set and achieve goals. Wally lets you keep track of the details as you spend money: where, when, what, why, & how much. We love how simple it is to set a personalized savings target and scan receipts. (iOS, Android)
Credit Karma (Free) If you’re preparing to buy, boosting your credit score is likely a goal you’ve set. Credit Karma is a free app that allows you to safely monitor your score and receive updates on ways you can improve it over time. They provide financial calculators and educational articles to help you better understand what credit is all about. Check as often as you want, and it doesn’t hurt your score. (iOS, Android, Web)
Apps for Buyers: Find the Perfect Home
When you’re ready to buy, there are several apps that can help you stay on top of the process. Whether you’re browsing online at different neighborhoods and homes and can’t seem to remember where all your saved data and information went or you want to save an important task or a neighborhood or listing clipped from the Web, these apps help you keep it all straight.
9.) Dwellr (Free)
Dwellr is run by the U.S Census Bureau and provides demographic information about the neighborhoods you are considering moving to. You get a variety of education/school, real estate, transportation, and population statistics to give you an idea of what it would be like living there. If you want to get the feel of a potential neighborhood, then Dwellr may just be the app to help you find the best home. (iOS, Android)
10.) Evernote (Free for the Basic version, $34.99 per year for Plus and $69.99 per year for Premium)
Collect ideas, notes and images in one place to access later on your computer, tablet or smartphone. Categorize your notes so you can find them quickly and easily and share them with others in a group notebook. Add the Web Clipper feature to your browser and clip and save articles, blogs and images from the Web. Whether you’re collecting research on a business idea or you’re looking for inspiration for a home renovation, Evernote can help you keep it all together. (Web, iOS, Android)
11.) Mortgage Calculator (Free)
There are a lot of free mortgage calculators available for download that will help you quickly determine what your monthly payment will be while you’re house hunting. We recommend picking your favorite and using it to help you shop in your price range. These numbers should be used as a guide, work with your agent and mortgage professional to learn exactly what type of loan you’ll qualify for. (Web, iOS, Android)
Bonus App for Buyers:
Google Maps (Free)
Google Maps is a must-have for anyone who’s house hunting. When you’re ready to visit a property or check out a neighborhood, you can use Google Maps to give you turn by turn directions to the house. You can use their satellite view to get a good idea how far important things like schools, parks, shopping, bus stops, and restaurants are to a home you are interested in and check out the other houses on the street. (Web, Android, iOS,)
Ready to move beyond the app?
If you’re thinking of buying or selling your home, or know someone who is, keep us in mind because we’re happy to help!
At Karen Cannon, Realtors, we are local real estate experts for Dunwoody, Sandy Springs and North Atlanta. We live, work and play here, and our agents are hand-picked for their connections in the community. Our clients know about homes coming on the market before anyone else. And our highly effective marketing program allows us to shorten the number of days on the market. We’ve even put homes under contract sight unseen!
If you are thinking about selling your home, or are interested in moving into Dunwoody, Sandy Springs or the surrounding areas, call us at 770-352-9658.
Understanding a home’s true market value is about more than pictures, software assessments and price-per-square-foot. Whether you’re a current homeowner thinking of selling or are house-hunting, it’s crucial you understand what factors affect home valuation. By partnering with a local market expert, sellers will avoid pricing their house out of the market (the kiss of death in real estate) and buyers will ensure they get a good deal on their next home.
So, how do you accurately calculate a home’s value? After all, the value a home is assigned by its town or county and the one it’s given when it’s listed are often dramatically different from one another. Which one is accurate and what does it all mean? Read on to learn more.
Assessed Value vs Market Value: What’s the difference?
When it comes to home value, you’ll often hear two terms, assessed value and market value.
A home’s assessed value is often the lower number of the two, and is the value given by your municipality or county. Investopedia defines assessed value as “the dollar value assigned to a property to measure applicable taxes.”1 Although property tax laws vary, assessors commonly arrive at this number by taking into account the following:
What comparable/similar homes are selling for in your area.
The value of recent improvements.
Income from renting out a room or space on the property.
How much it would cost to rebuild on the property.
A home’s market value, or Fair Market Value, is the price a buyer is willing to pay or a seller is willing to accept for a property. A skilled real estate professional will arrive at the value using a variety of metrics, including:
External characteristics, such as lot size, home style, the condition of the home and curb appeal.
Internal characteristics, such as the number of rooms and their size, the type and condition of the heating or HVAC system, the quality and condition of construction, the flow of the home, etc.
The sales price of comparable homes that have sold in your area.
Supply and demand; that is, how many buyers and sellers are in the area.
Location; that is, the quality and desirability of your neighborhood and other community amenities.
You’ve likely heard the motto of real estate: “Location, location, location.” This means a home’s value relies on its location. While the home and structures on the property will likely depreciate over time, the land beneath it tends to appreciate. Why? Land is in limited supply and a growing population puts increased demand on the housing supply. As a result, values increase.4
Other factors that affect your home’s value include the function and appearance of the property, how well the home and other structures are maintained and whether the home is a lifestyle property, such as a ranch style with mountain views or beach bungalow.
Ultimately, the best indication of a home’s value is the overall supply and demand of the market. This is why we recommend you partner with a real estate professional who takes all of these factors—the assessed value, local market conditions, home features and has physically walked through and experienced your home— into consideration to determine the most accurate market value.
How to determine if a property is comparable to yours.
Both assessed value and market value are partially determined by the sales price of similar, or comparable, homes in the area. To determine if a home is comparable to yours, look for the following characteristics:
Lot size
Square footage
Home style or similar architecture
Age
Location
While you may not find a home with the same exact characteristics as yours, you’ll likely find a few that are close. To account for any disparity, adjust the sales prices of the comparable properties. Look at the differences between your property and the one in question and determine if the differences increased or decreased the sales price and by how much. For example, if your home has two bathrooms and a similar home only has three, estimate how much that extra bathroom increased the sale price of the similar home. The adjusted sale price is the estimation of what the property would sell for if the properties were exactly the same.2
Where can you find comparable sales?
Fortunately, you can find comparable home sales in a variety of places.2
Your local assessor’s office is able to provide a list of recent sales you can browse and compare or a sales history of a particular house, home style or neighborhood.
Your municipality. Many cities keep local sales information in their offices or post it online.
Online databases, such as a real estate database
Your local newspapers may offer some real estate information in the form of quarterly sales reports in the business or real estate sections of the newspaper.
Our office. We regularly do Comparable Market Analysis of homes in our local area.
How to calculate your home’s value.
By answering a few questions about your home, property and the local market, you can begin to estimate your property’s value. We’ve also included a worksheet for you below…
Home Value Questions:
When was your home last assessed?
What was its CMA assessment value?
What is your area’s average sales price?
What is your area’s average price/square foot?
Structure:
Is the architecture and exterior structure of the home consistent, superior or inferior to other homes in the area?
Does the era or genre (Modern, Victorian, Ranch, Cottage, etc.) add a premium based on current design trends?
How does the floor plan and room size proportions of the home compare to other homes on the market?
Interior Structure:
How does the kitchen compare to others on the market?
Updated or outdated
Floor plan
Appliance packages
How does the Master Suite compare to others on the market?
Size
First/second floor
Updated or outdated
Access to Master Bath
How does the Master Bath compare to others on the market?
Updated or outdated
Shower and bath
Flooring
Outside Areas:
Are there views, outdoor living areas or recreational areas?
Pools
Ponds
Patios
How does the landscaping and hard-scaping compare to the market? (e.g., built elements such as walkways, patios, decks, etc.)
Overall Condition of Home
What is the level of repair needed to compete with other homes?
Does the home need to be staged? How does it show?
What curb appeal projects are necessary to be consistent with others on the market?
Home Assessment Worksheet
If you want to accurately assess a home’s value, it’s crucial to know about the market activity of our local area. We can help! Give us a call to get the scoop on the local market.
At Karen Cannon, Realtors, we are local real estate experts for Dunwoody, Sandy Springs and North Atlanta. We live, work and play here, and our agents are hand-picked for their connections in the community. Our clients know about homes coming on the market before anyone else. And our highly effective marketing program allows us to shorten the number of days on the market. We’ve even put homes under contract sight unseen!
At Karen Cannon, Realtors, we are local real estate experts for Dunwoody, Sandy Springs and North Atlanta. We live, work and play here, and our agents are hand-picked for their connections in the community. Our clients know about homes coming on the market before anyone else. And our highly effective marketing program allows us to shorten the number of days on the market. We’ve even put homes under contract sight unseen!
If you are thinking about selling your home, or are interested in moving into Dunwoody, Sandy Springs or the surrounding areas, call us at 770-352-9658.
