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Small home updates that will generate a big return

Categories: New Homes in Raleigh, Raleigh | Posted: July 13, 2018

If you are planning on putting your home on the market or know that is in the plans sometime in the next calendar year, it is always a good idea to get your home prepared ahead of time as much as you can before you are ready to list it. Royal Oaks Homes, a premier homebuilder for new homes in Raleigh, shares five small updates you can make to your home that will provide a big return on investment when it comes time to sell.

Before you do any updates or renovations to your home, be sure to invest in the places of your home where you can reap the return on your investment and steer clear of loss leaders.

The kitchen is the heart of any home, so it is not surprising that one of the first places you can be sure to recoup money you invest into your home is your kitchen. The kitchen is the number one place buyers like to see updates and the biggest opportunity for added value.

Buyers love added seating, such as an island with barstools or a cute breakfast nook to provide even more space for seating.

If you are not handy or do not want to contract out any work, focus on the appliances of your kitchen. Buyers love nice appliances and even if you plan to take the appliances with you,  they add major appeal to your home as it is being shown.

The next thing to check for and correct in your kitchen space, as well as other areas of your home is its trendiness. It is best for a kitchen to be neutral and have neutral materials used, opposed to trendy design or materials that require a more specific taste or will go out of style soon. This goes for other rooms of your home and the paint colors as well. Consider updating to a more timeless look for your kitchen. Updating your countertop can give the kitchen an entire new feel. Quartz is a great option to consider.

Next, take an inventory of the bathrooms in your home. This is the second most popular place in your home where updates can go a long way in resale value. Even though your bathrooms may be some of the smallest rooms in your home, they will create major appeal or distaste to buyers.

Upgrading the bathrooms in your home don’t have to be massive renovations either. A good rule of thumb is to keep it simple, clean and neutral. Consider upgrading things light lighting, hardware, towel bars and paint for a small, yet big impact.

You can continue the lighting trend into other areas of your room. When showing your home, especially if you plan to show in the fall or winter months when it is darker for longer periods during the day, maximize the lighting in your home.

A simple LED lighting change, or addition of some table lamps can give your home a much brighter appeal.

Next, continue bringing life to your home by giving each room or at least the main rooms a coat of fresh paint. As with all upgrades in your home, stick to a neutral color palette. It is best to go safe on all upgrades and not what the current trend is.

If you don’t want to go through the process of painting full rooms, just give your trim a fresh coat of paint. This requires minimal work and time, but leaves a much cleaner look to your home.

Lastly, focus on the exterior of your home and work on your homes first impression. Like the saying goes, a first impression is everything and you can’t make a second first impression.

Clean up your landscape, replace any damaged or worn items on the outside of your home and focus on your entryway. A fresh coat of paint on your front door, or a nice update to outdoor lighting can make a big impact on your homes first impression with buyers.

 

 

 

Royal Oaks Building Group is a new home builder in Raleigh and Fayetteville, North Carolina. For additional information about Royal Oaks building your Raleigh new home, please call (888) 677-1502.

Home buying credits: What do you need to know?

Categories: New Homes in Raleigh | Posted: July 5, 2018

If you are in the market for a new home in Raleigh this summer or plan to be in the next calendar year, it is never too soon to be educated on the process of home buying. While you may have gotten approved for a loan and know your credit score, there are many facets of home buying that not everyone is up to speed on when they go to purchase a home. Royal Oaks Homes shares an overview of why knowing more about home credits, might help you when it comes to signing on the dotted line for a new home.

A signed contract and putting money into escrow is only the start of what might be a marry-go-round of negotiations to come. However, if you are armed with the right information you can put yourself in the best standings possible in terms of the deal you get on your new home.

When it comes to the time of the inspection part of the home buying process, the buyer can ask for credits if the inspection doesn’t come back as clear as the buyer thought before making an offer on the home. If things come to light during the inspection that will need to be worked on or repaired, you as the buyer can ask for credits towards the home or a reduction in the price of the home.

If you need to sell your current home before buying a new home, as the seller you will want to make sure you have inspections done on the home before ever listing it on the market. This way, you can be aware of anything that would come up in future inspections for a buyer and you could even provide a inspection report for the buyer to save them from having to hire one on their own.

This way, you have a chance to address anything in the inspection report and be sure you won’t have to drop the purchase price more than you may have planned due to unknown issues hidden in your home.

Whether you are on the buying or the selling side, know that sellers try to avoid giving credits by having work done before escrow closes. This is to protect the seller because often buyers will ask for credits to offset the closing costs, however they never intent to repair the work needed.

If you are in escrow with your home, be sure to leave room for negotiation. Buyers almost always ask for credits so leaving yourself wiggle room as the seller can save you from the inevitable of having to deal with credits in the final lap of the buying process.

 

 

Royal Oaks Building Group is a new home builder in Raleigh and Fayetteville, North Carolina. For additional information about Royal Oaks building your Raleigh new home, please call (888) 677-1502.

 

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