What Home Buyers Want
For most people, their home is not only the roof over their heads; it is the most valuable financial asset they possess. As such, sellers should expect to make the most profit possible from its sale. With this goal in mind, if you are a seller preparing to put your house on the market, it is essential to consider what features buyers view most favorably.
In the process of getting your home in tip-top shape for the market, you may plan to do some upgrades. That’s a good idea, providing you do not go overboard on improvements. To spend your money wisely, it pays to know what features make a buyer’s heart beat faster when they are looking at homes.
Here are some of the features that turn lookers into buyers.
Color me surprised, but a separate laundry room has become a game-changer with homebuyers in recent years. A dedicated laundry room was the number one feature in a National Association of Home Builders survey, with 91 percent of buyers saying, “I need one!” If you have the washer and dryer in the basement as many people do, consider kicking the space up a notch with some cabinetry, shelving and a folding table.
It’s a sure bet that we can all agree that moving is a stressful life event. However, there is a process that will make a move emotionally and physically easier. With the correct attitude, you can transform moving day from a potentially stressful experience into a fun event. Yes, it is true. I know these things because I have moved 22 different times in my life and five times over the last eleven years.
Sounds exhausting right? Not really. Most of the time, I like to move and I was excited and optimistic. It was an adventure, and I was up for the challenge. Stressful? Some stress is to be expected but it can be rewarding if you focus on the positive change ahead be it a new job, a new city, a new neighborhood, or a newly purchased home.
In addition to having a positive attitude, there are other steps you can take to make a move go smoothly. Here are my best tips for moving without losing your mind in the process.
Good organization is critical to the success of the entire move. Make a plan with a timeline for all the essential steps involved in...
Is It Over?
It’s mid-September, and I find myself emersed in end of summer reflections and at the same time, feeling the excitement of a new season soon unfolding. But first, to be clear; I am in no hurry to kick summer out the door like a discarded lover because I prefer fall's embrace.
Autumn is a spectacular season, and I adore crackling fires, the nip of crisp air, steaming bowls of soup, and pumpkin everything. However, each season deserves its full measure and summer is short enough. We’ll know when it’s time to pull out the favorite turtleneck and crockpot, but with temps still in the 70’s and low 80’s, fall needs to wait its turn.
Lucky us in The Twin Cities we celebrate all four seasons: spring, summer, fall, and winter. However, the lines between when one ends and the next begins are often blurry. I decided to take a casual survey of friends and neighbors on when it’s time let go of summer and move on.
- Labor Day weekend is the end of summer
- Summer ends when the kids go back to school
- End of the Minnesota State Fair means the end of summer...
708 N 1st Street #644, Minneapolis, MN 55401
2 Bedrooms and 2 Baths, 2136 Square Feet,
Virtual 3D Tour
When you enter this remarkable loft at 708 N 1st Street in the Historic and award winning Itasca Building you immediately notice the blend of natural light, dramatic timber and brick. The unique architectural blend of modern design and historic elements create an atmosphere that is both dramatic and intimate.
A True Minneapolis Loft
Do you crave the urban lifestyle? Does exposed brick, wood floors, soaring ceilings, lots of light, views of the city, the romance of the Mississippi Riverfront, and the North Loop right outside your door make your heart beat faster? Then you might fall in love with this fabulous loft too.
Location – The North Loop
The North Loop is known as the trendiest neighborhood in Minneapolis. It has excellent restaurants like the Spoon and Stable and Bachelor Farmer. Beautiful...
July Kicks Off the 3rd Quarter
There are currently numerous factors that affect the housing market. However, right now more than anything, it is the consistent lack of homes available for buyers in the lower pricing tiers. This fact holds true both in the Twins and in most markets across the nation.
It’s significant that while home values are still increasing, it is at a slower rate more closely matching income and wage growth. While you may be frowning if you are thinking about selling your home in the future, the alignment is healthy for the market. We all knew that sharply escalating prices for homes could not continue indefinitely.
Housing Market Trends Consistent
While we continue to see constraints on available homes for sale in the first-time buyer level, the market is becoming more balanced as we move up to higher price ranges. So sellers are still enjoying a market that favors them under $500,000.
Meanwhile, lower interest rates are helping to continue to make housing affordable in spite of the rising prices. Even though new listings were up 1.8 percent over July of 2018, inventory levels in the Twin Cities fell 4.4 percent. In spite of the fact, demand remains strong with closed sales up 4.5 percent and pending sales up 3.2 percent.
Although prices are not rising as quickly and steeply, the median selling price was up 5.9 percent over July of last year and up 7 percent as a rolling 12-month comparison....