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Transform Your Home: Easy Upgrades to Outsell the Competition!

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.Selling your home right now is a competitive venture, and even that might be an         understatement. With more options than buyers have had since 2019 and higher monthly   payments thanks to interest rates, buyers continue to become pickier and pickier with not     only the price of homes they consider but also the value-to-price offering. Homes that are   priced appropriately and have a strong value offering continue to fly off the market and, in   many cases, even receive multiple offers. However, homes that are priced at market value   according to recent sales in the area but only offer a "normal" home with no standout   features and/or have even the simplest of outstanding basic maintenance projects like touch-   up paint, carpet cleaning, or basic curb appeal continue to sit on the market and wait 2-4   months for someone to make them an offer. One effective way to make your property stand   out is by investing in easy home upgrades and amenities that enhance its appeal and   functionality. These improvements don’t necessarily have to break the bank but can   significantly impact   potential buyers’ perception of your home’s value. 

 

Kitchen & Bathrooms- Consider upgrading your kitchen and bathrooms, as these are two of the most scrutinized areas by buyers. Simple changes like replacing outdated cabinet hardware,  installing modern light fixtures, and adding a fresh coat of paint can make a substantial difference. In the kitchen, think about adding a new backsplash or updating countertops with affordable but stylish options. In the bathroom, swapping out old faucets and adding a new mirror can modernize the space without extensive renovations.Another easy yet impactful upgrade is enhancing your home’s curb appeal. The exterior of your house is the first thing potential buyers see, so making a strong first impression is crucial.

Smart Home Features- Smart home features are increasingly popular among buyers looking for convenience and efficiency. At. this point it basically is a requirement to install devices like smart thermostats, smart garage door openers, smart light switches, video security systems, and even smart appliances. All of these can make your home more attractive to tech-savvy buyers. These features not only provide modern amenities but also suggest that the home is up to date with current technology trends, which can be a strong selling point.

Outdoors- Basic landscaping, such as trimming bushes, planting flowers, maintaining a perfectly lush green lawn with no brown spots, adding a fresh coat of paint to the front door, adding fresh new outdoor lighting, updating the house numbers, and having a backyard deck or patio is a requirement at this point. All create a welcoming and polished look. While basic curb appeal is important, sellers need to take these efforts a step further to truly stand out. One of the most appealing upgrades for buyers, especially in a beautiful state like Colorado, is creating inviting outdoor living spaces. Colorado's stunning scenery and pleasant weather make outdoor areas a significant selling point. Buyers now expect a deck or patio where they can envision themselves entertaining guests or relaxing with family however to make a real connection, creative sellers should consider enhancing their value proposition with affordable DIY projects that make a big impact.Things like; creating a low-maintenance natural waterfall, a fire pit area with built-in seating, transforming an old shed into an outdoor hideaway, building a dedicated grill gazebo/cooking area, adding modern privacy walls, and incorporating dimension, shape, and color with landscaping. Other impactful projects are an outdoor potting workshop, a dog wash, an upscale dog run, adding ceiling fans to a covered patio, adding an outdoor movie area, string lighting for ambiance, and enhancing the beauty of a covered patio with wood accents on the ceiling or built-in planters. 

Cleaning & Decluttering- Don’t underestimate the power of a thorough, professional cleaning and decluttering. A clean, organized home appears larger and more inviting. Ensure all rooms are spotless, remove personal items, and consider staging key areas with neutral décor to help buyers envision themselves living there. By focusing on these easy home upgrades and amenities, you can make your property more appealing and stand out in the competitive real estate market, leading to a quicker sale! 

To wrap it all up, think of selling your home like going on a first date with your crush you've had for months. You'd take a few extra steps before you go, right? Maybe you get a fresh haircut or a new shirt. Ladies, maybe you finally open that red lipstick you bought months ago but haven't had the chance to use. Just like preparing for that date, putting in the extra effort with your home can make all the difference in creating a lasting impression and connection. 

If you want to learn more about these projects or other Real Estate Shark-approved home selling projects, reach out!

-Brandi Wright, The Real Estate Shark

The Dangers to Watch Out for When Buying a Recently Flipped Home

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 Buying a home that has recently been flipped can be an exciting purchase! These homes   often come with modern updates, stylish finishes, and are usually move-in ready,   eliminating  the need for extensive renovations. However, beneath the polished surface,   there can be hidden dangers that buyers need to be aware of to avoid potential pitfalls.

 One of the most significant risks associated with flipped homes is the quality of the   renovations. Flippers are often motivated by profit margins, and in their rush to sell quickly,   some may cut corners. This can result in subpar workmanship or the use of low-quality   materials. It’s important to look beyond the aesthetic appeal and hire a professional home   inspector to thoroughly evaluate the property's structural integrity, electrical systems,   plumbing, and overall workmanship. A detailed inspection report can uncover issues that   may not be immediately visible, such as improper wiring, leaks, or foundational problems.

 Another danger is the potential for concealed issues. Flippers may focus on cosmetic   upgrades, like new paint and flooring, to mask more severe underlying problems. For instance, new drywall can hide water damage, mold, or even pest infestations. It’s a good idea to ask for documentation of all renovations and repairs, including permits and warranties. This transparency can provide insight into whether the renovations were done legally and to code, offering you peace of mind about the home’s safety and compliance.

Lastly, consider the market value and neighborhood trends. A flipped home priced significantly higher than comparable properties in the area may indicate overvaluation. Conduct a comparative market analysis to ensure you’re paying a fair price and that the home’s value aligns with the neighborhood. Understanding local market trends can help you make an informed decision and protect your investment from future market fluctuations.

In conclusion, while buying a flipped home can be a great opportunity, it’s crucial to exercise due diligence. By thoroughly inspecting the property, scrutinizing renovation quality, and ensuring fair market value, you can navigate the potential dangers and make a sound investment. After all, a home is not just a purchase; it’s a long-term commitment to your future comfort and financial stability.

-Brandi Wright, The Real Estate Shark 

 

The Real Estate Shark's Guide: Why Home Inspections are Essential at Every Stage of New Construction in Colorado

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Welcome, fellow homebuyers and real estate enthusiasts, to The Real Estate Shark's corner! Today, we're diving deep into the topic of new construction homes in Colorado and why getting a home inspection at every stage of the process is absolutely crucial. From breaking ground to the final walkthrough, ensuring your new home is built to the [...]

Shark Buying Process: The Funnel

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In a market growing with options, buyers face the challenge of ensuring they explore all possibilities thoroughly, while not missing out on the home of their dreams. With over 10,000 active or coming soon listings in Colorado alone, the task of uncovering your dream home may appear daunting and nearly impossible to achieve. Having that many options, some buyers worry about what they’ll miss if they commit to a home early on in the search.

This is where our Shark Buying Processes stand out from the pack. We fondly refer to this stage of the process as the "The Funnel". Prior to arranging home showings, your WH Realty Company REALTOR will engage in a detailed discussion with you to understand your preferences, requirements, objectives, and expectations. By filtering out properties that do not align with your specific criteria regarding size, location, and price, thousands of homes are swiftly eliminated, leaving you with a refined selection.

From your refined search, every potential property is considered in "The funnel," encompassing listings in the MLS, new construction homes, properties for sale by owners, coming soon listings, auctions, and foreclosures. Through a systematic process of elimination guided by your preferences rather than random selections, your agent will assist you in identifying your "rolling top 3" homes This adaptable approach allows for evolving preferences based on what you observe during the initial home viewings. After seeing a handful of homes you may determine you no longer want to consider homes with stairs, or you decide you prefer a larger backyard, focusing on the why behind the want will help you identify your rolling top 3 even as they change.

By thoroughly evaluating all options and refining choices based on your preferences, you empower yourself to confidently pursue the home that checks all the boxes, secure in the knowledge that you have explored all viable options by process of elimination not random selection.

The essence of our approach lies in simplicity. While real estate agent processes can sometimes be needlessly complex to convey professionalism or expertise, our focus remains on understanding the core motivations behind your needs and desires. By simplifying the real estate experience, we provide you with a seamless, stress-free journey through the world of real estate.

Want to learn more about our Shark Buying Process? Get in touch with us!

 

Brandi Wright, The Real Estate Shark 

NAR Settlement- Are Commissions Gone Forever?!

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The National Association of Realtors (NAR) has recently reached a settlement agreement aimed at resolving litigation regarding claims on broker commissions brought forth on behalf of home sellers. This agreement addresses all claims against over one million NAR members, NAR itself, state and local REALTOR associations, Multiple Listing [...]

Homeowner's Complete Guide to Preventing Slip & Falls and How to Properly Use Ice Melt

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This winter has given Colorado its fair share of snowfall, even before Colorado's traditionally snowiest months. With almost guaranteed more on the way, how can you safeguard your sidewalk, driveway, and pedestrian traffic without incurring exorbitant costs for ice-melt damage repairs? Educate yourself on the different ice [...]

Have You Considered a Home Warranty?

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Have you considered investing in a home warranty?

Before you dismiss this post, please know that I am not attempting to extend your vehicle’s warranty. A home warranty can be a valuable asset!

Picture this scenario: you've recently closed on your new home, and as you start to move in, you realize that your air conditioner is not working. If you were left to deal with this situation on your own, would you know who to contact? Would you be able to afford a repair or replacement if necessary? A home warranty is similar to a service contract that covers the cost of repair or replacement of any covered items, typically the major functions and appliances of your home. Your warranty provider may also recommend vendors and guide you through the repair process, saving you thousands of dollars if you purchase from a reputable company.

Home warranties have garnered a negative reputation because those in the industry have failed to explain them correctly to homeowners. Are home warranties a catch-all solution that covers everything? No, that would be a poor business model. Instead, think of a home warranty as similar to a builder's warranty for a new construction home. If you call the builder and say your window is broken because your child threw a baseball through it, the builder will likely tell you that it's not their problem. However, if you call the builder and say your furnace isn't working, and you have no idea why even though you've followed the owner's manual, chances are you will be covered. Another example is your automobile warranty. If you call the dealership and say your car broke down, but you've never changed the oil, the manufacturer will likely tell you to pay up or get lost. The same applies here: as long as your home is well-maintained and cared for, you will be covered.

What isn't covered by a home warranty? Depending on the package you choose, items such as flooring, furniture, doors, and small appliances may not be covered.

So, how much does a home warranty cost? Prices vary depending on the service provider and the coverage you select. At WH Realty Company, we have partnered with 2-10 Home Warranty for years and recommend their Supreme package. This package includes supreme coverage for AC and heat pumps, appliances, electricals, heating, and plumbing, as well as lock and hardware replacements under the "Happy Home" plan. All service calls under this plan are $100, and it costs $625 for 12 months of coverage.

 

Check out 2-10's Home Warranty Brochure Here 

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