What’s Hot With Outdoor Living Trends

By Melissa Dittmann Tracey, REALTOR Magazine

It’s not quite spring yet, but it’s not too early to start thinking about your listings’ outdoors–your buyers certainly will, even if they can only visualize it during the cold, wintery months.

The American Society of Landscape Architects conducts an annual Residential Trends Survey. Here are some of the findings from its 2011 survey, based on what landscape architects say are very to somewhat popular outdoor living feature trends:

  • 96.2% rated exterior lighting as somewhat or very popular;
  • 94.2% fire pits and fireplaces;
  • 94.1% seating/dining areas;
  • 93.8% grills;
  • 89.5% installed seating, such as benches, seat walls, or ledges;
  • 83.5% weatherized outdoor furniture;
  • 74.2% counter space;
  • 61.3% utility storage;
  • 58.3% stereo systems;
  • 54.7% sinks;
  • 50.2% refrigerators

The survey also showed more interest in technology featured on the outside too, such as stereo systems, Internet access, and televisions. Also, low-maintenance landscaping and sustainability is also getting more popular, such as water-efficient irrigation systems and rainwater harvesting.

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
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(Office) 404.843.2500
(Cell) 678.320.8843

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More Home Owners Tackle Home Improvement Projects

By Melissa Dittmann Tracey, REALTOR® Magazine

More home owners are looking at sprucing up their homes, at least according to an index by the National Association of Home Builders, which shows its remodeling index reaching a five-year high during the fourth quarter of 2011.

“As more consumers remain in their homes rather than move in this economy, remodelers benefited from a gradual increase in home improvement activity, taking us to a five-year high,” NAHB Remodelers Chairman Bob Peterson said in a statement. “2011 ended on a strong note for the remodeling industry.”

The index measures current market conditions as well as future indicators for the remodeling business.

Overall, the index in the fourth quarter reached 46.6, a pick-up in activity compared to previous quarters but still below 50. A reading below 50 signifies that more remodelers are reporting lower market activity. Still, several key components measuring remodeling in the index were measuring above 50, a positive sign that business may finally be entering recovery mode.

“The residential remodeling market has been improving gradually, mirroring the trend in other segments of the housing market,” said David Crowe, NAHB chief economist. “Stringent lending requirements and economic uncertainty continue to be a drag on demand, but we expect a modest growth in remodeling activity to continue throughout 2012.”

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
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(Office) 404.843.2500
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2011-2012 Cost vs. Value: Which Remodeling Projects Pay Off the Most?

By Melissa Dittmann Tracey, REALTOR® Magazine

When tackling home remodeling projects, you’ll find some projects pay off more than others at times of resale. Remodeling Magazine, in conjunction with REALTOR® Magazine, recently released findings of its annual Cost vs. Value report for 2011-2012, revealing which remodeling projects offer the biggest bang for your buck.

Overall, the trend right now is replacement over remodeling–swapping out the old for the new rather than doing a total gut job, which can be much more costly.

This year’s Cost vs. Value report found that exterior replacement projects–such as new garage doors and a new entry door–offer some of the best returns at resale, allowing home owners to recoup close to 70 percent or more of the costs of the project at times of resale.

The following are the top, mid-range projects from this year’s report, based on what home owners stand to recoup at time of resale:

1. Replacing the entry door to steel

Estimated cost: $1,238

Cost recouped at resale: 73%

2. Attic bedroom (converting unfinished attic space into a bedroom with bathroom and shower)

Estimated cost: $50,148

Cost recouped at resale: 72.5%

3. Minor kitchen remodel (including new cabinets and drawers, countertops, hardware, and appliances)

Estimated cost: $19,588

Cost recouped at resale: 72.1%

4. Garage door replacement

Estimated cost: $1,512

Cost recouped at resale: 71.9%

5. Deck addition (wood)

Estimated cost: $10,350

Cost recouped at resale: 70.1%

6. Siding replacement (vinyl)

Estimated cost: $11,729

Cost recouped at resale: 69.5%

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
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(Office) 404.843.2500
(Cell) 678.320.8843

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Statistics Prove Home Staging Works

By Barb Schwarz, Stagedhomes.com

Photo Credit: Barb Schwarz, Stagedhomes.com

Many years ago, I coined the saying “The investment IN staging your home will always be less than a price reduction ON your home!” And that statement is as true today as it was all the way back in 1973, when I developed the concept of staging.

The math is pretty simple. Imagine a $300,000 home that’s been on the market for six months without selling. The seller is becoming more and more frustrated and considers a price decrease of 5 percent. That’s $15,000. Now imagine investing only a fraction of that sum in staging and selling the home much faster.

That’s what staging will do, and the numbers are in to prove it – time and time again.

Recent statistics gathered by Stagedhomes.com shows that 94 percent of homes staged by an Accredited Staging Professional sold in 29 days or less, compared to an average of 145 days for homes that were not staged. What’s more, homes staged by Accredited Staging Professionals stay on the market 83 percent less than a home that has not been staged.

For home stagers and real estate agents alike, it’s imperative to showcase the positive impact of home staging, both visually by showing examples of past staging projects AND by sharing statistical evidence that home staging works and that the investment is worth it many times over.

So next time a seller brings up the subject of a price reduction, make sure to share the positive impact of home staging. The investment will be less and the impact most likely more.

Barb Schwarz

Barb Schwarz

ABOUT THE AUTHOR: Barb Schwarz, ASP, ASPM, AB, IAHSP, is the creator of Home Staging® and the CEO of www.Stagedhomes.com. She is the IAHSP founder and chairwoman of The Board of The International Association of Home Staging Professionals® and Foundation.

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
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(Office) 404.843.2500
(Cell) 678.320.8843

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Share Your Insights: Must-Have Tools for Staging

Attention, home stagers, I want to hear from you! I’m working on an article about staging solutions for REALTOR Magazine online, and I’m seeking responses to the following questions:

1.) What do you consider must-haves for building a staging inventory?

2.) What accessories, tools, computer programs, mobile apps, or other items have you found useful when staging properties?

Send an e-mail with your ideas to writer Melissa Tracey at mtracey@realtors.org.

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
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(Office) 404.843.2500
(Cell) 678.320.8843

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And the Color of the Year for 2012 Is …

By Melissa Dittmann Tracey, REALTOR® Magazine

It’s bold, bright–and orange. Tangerine Tango is this year’s color of the year, according to the Pantone Color Institute. The reddish orange color takes the place as this year’s hot hue replacing last year’s reddish pink Honeysuckle.

Need an extra energy boost or an attention-getter in a room? Then Tangerine Tango is your pick, according to Pantone.

Yet, “sophisticated but at the same time dramatic and seductive, Tangerine Tango is an orange with a lot of depth to it,” Leatrice Eiseman, executive director of the Pantone Color Institute, said in a statement. “Reminiscent of the radiant shadings of a sunset, Tangerine Tango marries the vivaciousness and adrenaline rush of red with the friendliness and warmth of yellow, to form a high-visibility, magnetic hue that emanates heat and energy.”

Orange has grown in popularity the last few years in fashion. But before you start swapping out orange for everything in home interiors so you can be on trend, recall some of of our previous posts at Styled Staged & Sold: “Orange You Glad You Removed the Carpet?” or “Is That House Orange?! Eyesores Reach New Levels.” This year’s color of the year is best done in moderation when it comes to home interiors.

Photo Credit: Pantone Color Institute

For example, patterned home accessories featuring the color can add an extra pop to pillows, bedspreads, or tabletop accessories. Or, some home owners are even choosing the orange color for kitchen appliances for an extra colorful touch. Or, Pantone suggests, maybe even a painted accent wall in Tangerine Tango can create “a dynamic burst of energy in the kitchen, entryway, or hallway.”

So has any one incorporated the orange hue when staging properties?

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
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(Office) 404.843.2500
(Cell) 678.320.8843

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The Question You Don’t Want From Buyers: What’s the Square Footage?

By Melissa Dittmann Tracey, REALTOR® Magazine

The Zillow Blog recently featured an interesting article by real estate pro Brendon DeSimone about how advertising the square footage of a home can derail a deal. It may make you rethink featuring the square footage on your listings.

There are no universal methods to measuring square footage, according to DeSimone. As such, the numbers in measuring a home’s size can sometimes get skewed–even appraisers may arrive at different figures. A city’s tax records may not offer up an accurate picture either, since it may omit renovations and expansions made to the property over the years. And the square footage listed on records pulled from architectural drawings of the home are considered “wall out” measurements, including the entire space to the exterior wall. Once the walls are in place, the square footage will likely be lower.

As DeSimone notes in the article, “dozens of lawsuits make it to court, and tens of thousands of dollars are spent arguing over as little as 50 square feet.”

If you feel a need to list the square footage for a home you’re trying to sell, you’d be wise to add a disclaimer like “appraiser’s estimation” or “per tax records,” DeSimone suggests.

Have you ever had a square footage dispute unravel one of your deals?

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
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(Office) 404.843.2500
(Cell) 678.320.8843

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Embracing Change in the New Year

As we leap into a the New Year, it is a time to reflect on the year that we leave behind and envision the exciting year that lies before us.  While we could choose to spend time focused on what we wish we had accomplished, it is far more productive to look backwards only for answers and forward towards solutions.  Embrace the change that brings a year filled with unlimited possibilities!

“There is only one thing that makes a dream impossible to achieve: The fear of failure…”

2012 could be the year you crawl within your shell and choose to live a safe, comfortable…albeit fearful life.  Or it could be the year you choose to spread your wings, face your fear and soar to heights you never thought possible.  Whether it is comfort or acquiescence, solitude or self-doubt; complacency is easier to accept than you might think.  Take a look back before running head first into the New Year and determine what positive changes can be made from the adversity faced in 2011.

Reflection Questions for 2011:

  • Where did you waste the most amount of time?
  • What 3 words describe 2011? 
  • What was your single largest accomplishment was?  How can that springboard you into new heights in the coming year? 
  • What was your most unexpected challenge? Did you embrace it or retract from it?  How would you react to that challenge if it were to happen again?
  • What happened in 2011 that scared you the most?
  • What opportunities slipped past you because you were asleep at the wheel?
  • Where did you allow others to influence, shape or manipulate your decisions?
  • Where did you become complacent within your business?
  • What negative habit will you leave behind in 2011?
  • If you could change just one thing about last year, what would it be and why?

Embrace Change in the New Year: 

  • What steps will you take to become the best version of yourself in 2012?
  • What strategic partnerships can you continue to grow?
  • In what area does your time, energy and commitment make the most significant impact?
  • What does success in 2012 look like, feel like, taste like?
  • What opportunity can you create out of last years challenge?
  • What action can you take within the first 30 days of 2012 to transform your business?
  • How can my business grow in spite of market conditions or self-imposed limitations?
  • What niche will I focus on to grow and expand the reach within my community?
  • What new business marketing tool will I implement to simplify my life?
  • What one thing could you improve upon right now within your business?

The bottom line:

Fear of change both personally and professionally can be debilitating. Make the commitment in 2012 to stop resisting success and embrace it. Don’t just write it in a journal, but speak it to your soul.

Believe in new beginnings, map your destination and stay determined to meet those goals.

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
Contact Me
(Office) 404.843.2500
(Cell) 678.320.8843

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Super-Easy Tips for Slashing Energy Costs

It’s 2012, and what’s a better way to start the New Year than saving money! Energy costs continue to rise, and there are many ways to whittle away at those utility bills.

Replacing an older furnace, swapping out single-pane windows for more efficient double- or triple-pane models, and considering a move toward solar energy are all ways to make a dramatic difference in your home’s energy consumption, but none comes cheap. While you wrestle with whether or not to make these larger investments – which certainly pay off in the long run – there are any number of inexpensive, subtle shifts you can also make that will have you working toward the same goal much more quickly and affordably.

Eliminate Drafts and Heat or Cool Only the Rooms You Use

According to the U.S. Department of Energy, as much as 5 to 30 percent of a home’s energy costs often go right out the window due to drafts and leaks. That’s right. If there are cracks and gaps around your windows, doors, electrical outlets, or window air-conditioning units, you could be throwing away hundreds of dollars every year.

Take action now by sealing or filling as many gaps as you can. If you can’t afford to replace old doors or windows with newer, more efficient ones, instead install weather stripping along doors or low-cost plastic sheeting over windows. Also caulk or seal holes or air penetration around faucets, electrical outlets, or wiring. Any reduction at all of air coming in or out will help lower energy costs and reduce overall energy consumption.

In winter and summer months, keep doors and vents to rooms that don’t get frequent use closed. There is no sense in heating or cooling a room that sits empty. You can always open the vents to the guest bedroom when you know the in-laws will be visiting for the weekend.

Inspect and Clean Heating and Cooling Equipment Regularly

In the average U.S. home, more than 50 percent of energy costs go toward heating and cooling. With that in mind, ensuring that your HVAC equipment is functioning efficiently is vital to keeping utility costs in line. The U.S. Department of Energy, along with most manufacturers, recommend inspecting heating and cooling equipment annually.

Changing filters – both on forced-air furnaces and air conditioning units – should also be a regular part of your home maintenance routine. “I clean my air conditioner filter once a month or once every two months,” says Joseph Seabra, a certified master electrician and electrical expert for Web-based consumer helpline JustAnswer.com. “Cleaning the filters, the grill, the return areas…all helps cut down on electrical costs by increasing the efficiency of the equipment,” he continues. “These are simple things that the typical homeowner can easily do him or herself.”

Switch to Compact Florescent Light Bulbs

The U.S. Department of Energy estimates that lighting alone accounts for about 10 percent of your electric bill.  To bring that figure down, assess the wattage of the bulbs you use throughout the house. In some spaces, you may be using 100-watt bulbs or higher where 60- or 75-watt bulbs would work just as well.

For even greater savings, consider switching to compact florescent lamp (CFL) bulbs, which require as much as 75 percent less energy to provide the same illumination as incandescent bulbs. CFLs do cost more – as much as three to 10 times a comparable incandescent bulb – but they last six to 15 times as long, so the added expense at the outset more than pays for itself. Plus, CFLs generate less heat, which can further lower your home cooling bills in the summer months.

Comment below with any tips you have to slash energy costs.

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
Contact Me
(Office) 404.843.2500
(Cell) 678.320.8843

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Trend Watch: Home Design Gets Simpler

By Melissa Dittmann Tracey, REALTOR® Magazine

As home buyers continue to rank affordability high, more home styles are getting simpler and homes are becoming lower maintenance, according to the latest Home Design Trends Survey, conducted by the American Institute of Architects.

Simpler exterior details and the use of durable building products are growing in popularity, according to the third-quarter survey of architects, which mostly focused on community and neighborhood design.

“Consumers are favoring homes with low-maintenance exterior materials such as fiber-cement, stone, tile, and natural earth plasters,” according to the report. “This significantly outpaces any other home exterior feature in terms of its increase in popularity. Over the past year, there has been a dramatic decrease in the popularity of sustainable roofing materials, as well as in ‘cool’ roofs with high solar reflective characteristics. Tubular skylights have also decreased in popularity over the past year.”

Also, could large residential subdivisions start becoming a thing of the past? According to the survey of architects, there has been a shift away from large residential subdivisions toward smaller-scale infill development projects, which tend to focus more on affordability, access to public transportation, nearby commercial opportunities, and job centers. The survey also revealed increased interest among consumers for neighborhoods that can accommodate a growing number of multigenerational households and that encourage more interaction with the community.

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Ken Carr is a Realtor with Better Homes and Gardens Real Estate – Metro Brokers
Contact Me
(Office) 404.843.2500
(Cell) 678.320.8843

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