Curious What the Difference Between Market Price and Market Value in Real Estate? Learn Here!

Posted on August 10, 2017 by Jeremy Leake

Selling a home is a big challenge. Knowing how to price a home is a big challenge but there’s more to it then that. If you’ve ever wondered what the difference between market price and market value is then you’ve come to the right place. We’ve found this article just for you. We hope it helps!

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From the article:

In real estate, many agents suggest that it all comes down to price. Is it true that a property sells just because of price? What about the value component?

Well, we all can agree that there needs to be an exchange of goods in order for a sale to occur. However, the buyer and seller might not rate value equally. When I market a client???s property, I determine a market price without viewing the property and the probability of that property being sold in 30, 60 or 90 days based on comparables and market data. Then I determine a market value once viewing and assessing all the benefits, the condition of the property and external market data.

Let???s examine the differences between market price and market value and how they can influence each other.

Market Price
Market price is what a willing, ready and bank-qualified buyer will pay for a property and what the seller will accept for it. The transaction that takes place determines the market price, which will then influence the market value of future sales. Price is determined by local supply and demand, the property???s condition and what other similar properties have sold for without adding in the value component.

Market Value
Market value is an opinion of what a property would sell for in a competitive market based on the features and benefits of that property (the value), the overall real estate market, supply and demand, and what other similar properties have sold for in the same condition.

The major difference between market value and market price is that the market value, in the eyes of the seller, might be much more than what a buyer will pay for the property or it???s true market price. Value can create demand, which can influence price. But, without the demand function, value alone cannot influence price. As supply increases and demand decreases, price goes down, and value is not influential. As supply decreases and demand increases, the price will rise, and value will influence price. Market value and market price can be equal in a balanced market.

However, buyers and sellers can view value differently. A seller might feel that their in-ground pool is a benefit, but the buyer could see it as a negative and place less value on the property. Or the seller could feel the new roof they put on the house has great value; however, the buyer places no value on this because they expect the property to have a roof in good condition. Or a builder might feel he has superior quality and demand a higher price, but the buyer places less value on quality and more value on the lot, neighborhood and floor plan of the property.

Value is not always about bricks and mortar. Some buyers might pay more for a property based on personal value-added items. For example, Buyer A, who does not drive, values a property higher than Buyer B because the property is next to a bus line. Or the property could be close to a school or close to a doctor???s office for someone who has children or a medical condition.

The question is, ???How much is that worth to a buyer???? as there is always a limit to what a buyer will pay and what the property will be appraised for by a bank. Value is truly in the eye of the beholder. Some buyers might see value in the property but might not pay more if there is no demand. In most cases market price will trump market value in a buyer???s market.

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Thinking of buying a home without a realtor? Then checkout this article about buying without a realtor that could be of interest to you.
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Read the entire article here: http://www.inman.com/2015/03/26/the-difference-between-market-price-and-market-value-in-real-estate/?utm_source=feedburner

Have a Problem Figuring Out a Good Layout for Your Living Room? Get Help Here!

Posted on August 7, 2017 by Jeremy Leake

Living rooms come in all shapes and sizes. Furniture comes in all shapes and sizes. Knowing how best to layout furniture to fit your space can be challenging. We found this article with different layout ideas. We hope it helps!

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From the article:

The hangout zone of your home can be hard to arrange. So Real Simple asked two designers to sketch out solutions for three of the trickiest scenarios. Pull up a chair and take some notes.

Problem: If Your Living Room is Super Long and Narrow
Divvy up the space to get the most out of the oddly shaped square footage. Opt for either two defined spots or a more fluid layout. Take a look at some ideas below.

Solution #1: Rectangle + Circle
Section off the room with dual, seating-heavy groupings???a linear one and a piecier one. Filling out the space actually makes a room feel less confined, says McGee.

Start With a Pair of Sofas: Set up the main seating area with two same-size couches and a coffee table in between. ???Some people like a sectional to squeeze in more seating,??? says McGee. ???But in a tight room like this, it makes traffic flow tricky. A pair of sofas opens up the space better.???

Create a Circle Seating: Turn the second half of the room into a loungey area with four accent chairs surrounding a cocktail table about 18 inches high. ???It gives you an intimate spot for conversations or playing cards or board games, and it balances the other side???s chunkier setup,??? says McGee.

Add a Flowing, Organic Element: Ground the accent chairs and cocktail table with a cowhide rug. ???The curvy shape helps a narrow room feel less boxy,??? she says.

Solution #2: All-Inclusive
Break up the rectangle into areas that function well on their own or in tandem: a big, communal spot and a smaller, cozy, nook, says Lewis.

Choose Double-Duty Pieces: Cap the main seating area with a bench that can be reached from either side. ???The bench adds extra seating, and because it???s low, the division it creates is very subtle,??? says Lewis. ???You???re utilizing the narrow space better if you keep an open flow in the room.???

Decorate on an Angle: Outfit the smaller spot with an ottoman and two plush armchairs tilted to face the center of the room. ???That way, you can use that nook on its own, or if you have guests over, it morphs with the larger grouping into one big seating area,??? says Lewis.

Keep the Nook???s Floor Bare: ???I love all kinds of rugs in all kinds of spaces. But in a narrow room, an area without one can open the space and help it feel airier,??? says Lewis. ???In this scenario, it???s often better to go with one attention-grabbing rug for the main area.???

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Looking for ways to keep your living room organized? Checkout this article about organized living room that could be of interest to you.
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Read the entire article here: http://www.realsimple.com/home-organizing/living-room-layout-tips

Curious How Others Update Their Kitchen and How Much They Spend? Find Out Here!

Posted on August 3, 2017 by Jeremy Leake

It’s only curious to know how other people do things before making a decision yourself. Especially if you can avoid huge financial disasters by learning from others. In order to help you out we found this article with information from other people who have updated their kitchen along with how much they spent. We hope it helps you update your kitchen more efficiently!

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From the article:

Here???s what our research team found out about how much people are spending on kitchen renovations ??? and on what

The kitchen is the most popular room of the home to renovate, according to Houzz research, and those who choose to remodel the heart of their home have some definite preferences. After all, the No. 1 reason they choose to renovate this area is no longer being able to stand the old kitchen ??? can anyone out there relate?

The 2017 U.S. Houzz Kitchen Trends Study, from a research team led by Nino Sitchinava, Houzz???s principal economist, reveals that homeowners updating their kitchens prioritize changing out countertops, backsplashes and sinks. A majority of kitchen renovators are also choosing a more open feel for this room.

The study surveyed more than 2,700 Houzz users in the U.S. who own homes and are in the midst of a kitchen renovation, have recently completed one or are planning one in the next three months. Read on to learn what people are doing with these important rooms.

How much does it cost? The most common budget ??? as well as actual spend ??? on a kitchen renovation remains $25,001 to $50,000, according to the survey. Only 9 percent of kitchen renovators spend more than $100,000; just 4 percent spend less than $5,000. We hope the numbers help give your own project some dollars-and-cents context.

If I see that backsplash one more time ??? The top motivator for renovating a kitchen continues to be that owners can no longer stand the old kitchen. An increasingly popular reason is finally having the financial means, the triggering factor for 40 percent of renovators, compared with 37 percent the year before.

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Looking for more decorating ideas? Checkout this article about decorating ideas that could be of interest to you.
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Read the entire article here: https://www.houzz.com/ideabooks/78923380/list/how-people-upgrade-their-kitchens-and-how-much-they-spend

Have Disorganized Drawers? Learn How to Better Organize Them Here!

Posted on July 31, 2017 by Jeremy Leake

Everyone has a drawer or more in their home that is somewhat dishevelled and could use some help. Whether it’s a junk drawer, kitchen drawer, or a bathroom drawer most drawers could use a little help. In order to help you out we found this article with some drawer organization ideas. We hope they help you!

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From the article:

Closets are okay, and cabinets are something we???re willing to work with, but let???s be real. The drawer is the high-rolling storage solution of choice. In case you???ve never used a drawer before, basically, it puts all of its contents on full display with just a pull of the handle 😉 So??? yeah???. how did we ever come to have a junk drawer from hell? While those pullouts do half the job for you, you do need to give them a little guidance for them to reach their full potential. Not sure what we???re talking about. Allow us to lead you toward drawer-organization greatness.

Clear Acrylic Trays:

Transparency leads to clarity, simplicity, and beauty ??? life lessons learned while organizing. You better believe this drawer is deep.

Closet:

It???s a closet. Nope, surprise! It the most efficient use of space you???ve ever seen in your life. Your pantry just got super sized thanks to a couple of roll out drawers.

Under Sink Storage:

Chances are, you have one big cavernous cabinet under your sink which is one gigantic mess of cleaning supplies, garbage, and paper and plastic bags. Trust us, we know: Rummaging around down there is always a big bummer. Turn that frown upside down and make the goods come to you by installing some drawers.

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Looking for garage organization ideas? Checkout this article about garage organization ideas that could be of interest to you.
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Read the entire article here: http://www.brit.co/drawer-organization/

Looking to Get Your Home in the Summer Mood? Find Out How Here!

Posted on July 27, 2017 by Jeremy Leake

Summer is a fun time to hangout and hopefully not take life too seriously. In order to have your house look more the part we found this article with 15 different ideas. We hope you find some you love!

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From the article:

Here are 15 fun, crafty and creative ways to get your home in the spirit of summer.

Set Up a Summery Bar
A pretty tray with a few glasses and a pile of limes is all you need to be ready for summer drinks ??? and the glasses don???t even need to be made of glass if your bar is outdoors.

Make Setting the Table Easy as Pie
Instead of keeping your silverware in the drawer as usual, try storing it in a caddy right on the dining table for the summer months ??? plus it???ll be easy to grab when you decide to have dinner al fresco.

Put Wildflowers in a Jelly Jar
When outdoor blooms are so plentiful, why buy them in a store? Snip whatever happens to be growing in your own backyard and plunk the stems in a jelly jar to add a romantic touch to any room.

Hang a Flag
Hanging a flag can add vibrant color and style to your entry all summer long, not just on the Fourth of July.

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Looking for summer party ideas? Checkout this article about summer party ideas that could be of interest to you.
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Read the entire article here: https://www.houzz.com/ideabooks/26699920/list/15-ways-to-get-your-home-in-a-summer-mood

Looking for Home Improvement Ideas and Information? Start Here!

Posted on July 24, 2017 by Jeremy Leake

Being a homeowner is a lot of responsibility. For most people it’s the biggest investment that people will make in their lifetimes. Making improvements is something that everyone would like to do but knowing when, how, and what to do are really big things that should be addressed. In order to help you out we found this article with more information. We hope it helps!

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From the article:

It doesn’t matter if you’ve bought a newly built home, a condo in a maintained community, or a fixer-upper???owning your own place brings out the home improvement itch in us all (or at least requires us to do necessary repairs and maintenance tasks). Here are ten pieces of advice to help turn your dwelling place into a better home.

Choose the Improvements That Add the Most Value to Your Home

If you were offered $100,000, no strings attached, what home improvements would you do? Chances are, a long laundry list of changes come to mind, from refinishing the hardwood floors to adding a new bathroom. Some home improvements, however, are more likely to increase your home’s value than others. Although you shouldn’t think of your home as an investment, with limited home improvement funds, it’s good to consider whether a project has a decent return on investment.

Decide to DIY or Not
Even if you’re a weekend warrior with a well-stocked workshop, not all home improvement projects are suitable to do yourself (or at least, without the help of a professional). Know your limits, start small if you’re a beginner, and then keep calm and DIY on (if you so wish).

Hone Your Home Improvement Skills
Big projects or small, probably all of us could stand to learn some decent home repair or home improvement skills. (All around the home, there are things we should never have to pay others to fix for us.) Learn Bob Villa-worthy skills and help others at the same time by volunteering or through free clinics and other resources. Turn to great reading resources and try starter projects too.

Get the Right Tools
You can’t really improve your home much with just your bare hands (you’ll need a multi-tool at least!). Equip your toolbox with the essential tools for any minor repair or major project, such as basic plumbing tools. Don’t forget your smartphone might be the best DIY tool in your kit, though, and, when all else fails, there’s duct tape.

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Looking for more home improvement ideas? Checkout this article about home improvement ideas that could be of interest to you.
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Read the entire article here: http://lifehacker.com/top-10-home-improvement-tips-every-homeowner-should-kno-1656251243

Looking for Ideas on How to Have a Clean Enough Home This Summer? Start Here!

Posted on July 20, 2017 by Jeremy Leake

It’s summer, the kids are home from school, and it’s hot. No one really wants to be stuck inside getting hotter by doing cleaning. No we’re not suggesting that you let everything slide during those months we just think that maybe it might be best to only focus on the things that need to maintain being clean. In order to help you out we found this article with some areas to focus on in your cleaning. We hope it helps!

From the article:

Here are a few suggestions to keep your house running smoothly enough this summer.

Floors are foundational. When in doubt, sweep. I can handle a certain amount of disarray, but it feels like all the wheels are coming off when there are grit, sand and dog fur underfoot. We moved into our new house in the dog days of summer and had to wait until the cooling temperatures of mid-September to have our lawn seeded. This meant my kids and the dog were tracking in bright orange clay and sand all day long, and I almost lost my mind.

I try to sweep daily. In the summer especially, whenever I’m starting to feel twitchy, I know it’s time to break out a broom or the Swiffer and attack the floors. It’s my bottom line in every sense.

Put away the extras. Did you just return from the beach? Are your bags and baskets dumped by the door? Got back from vacation a week ago and you’re still living out of your suitcases?

This is the line of demarcation between the Naturally Organized and those of us who are decidedly not. The Naturally Organized, no matter how exhausted, will summon the strength to put everything away, right away, because it will drive them mad to leave it.

It’s usually a stick in the eye for those of who live with them. We just want to collapse and relax, but when your vacation has thrown up all over your house, that’s the last thing to do. It’s time to hit it. Call all the kids and have everyone pitch in. Gather all the dirty clothes and take them to the laundry room; put away all the clean clothes and toiletries and return the suitcases to storage. That last one will almost kill you ??? I know ??? but doing it will feel great.

Trip to the beach? Hang any wet towels and suits and put away the toys and leftover snacks. If you brought a cooler, be sure to empty it! We Not Naturally Organized folks love to forget that.

It really takes only a few minutes, and none of it requires thinking, just a bit of running around.

Create a sacred space. My home is open concept. When you walk in the front door, there is a small entry that ushers you into the main room: an 8-foot farm table straight ahead, kitchen to the left and living room to the right.

Our kitchen is basically a galley with a large island replacing the second wall. The island is the first horizontal surface you find coming in from the mudroom, and I knew it would be ground zero for all the crap our family drags in.

Thanks to respectful requests, outright threats and repeated confiscations, the island is usually clear. The end of our table, just adjacent, is another story, but we’re on a journey, right?

Pick a space and fight to keep it clean and free of clutter.

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Looking for information on speed cleaning? Checkout this article about speed cleaning that could be of interest to you.
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Read the entire article here: https://www.houzz.com/ideabooks/13002787/list/a-fine-mess-how-to-have-a-clean-enough-home-over-summer-break

Are You a Homeowner? Learn How to Fix Common Things in The House That Break Here!

Posted on July 17, 2017 by Jeremy Leake

Regardless of how old your home is things break and need to be repaired or replaced. Some things are so simple that anyone can do them. We found this article with 12 different repair guides to help you fix common things in your house they break or need some help in some way. We hope it helps!

From the article:

No house is perfect, but you don’t have to put up with those annoying home repairs that need fixing. These 12 projects will get you started on improving your home and hide any evidence of an accident occurring.

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Curious what tools you should have as a homeowner? Checkout this article about tools needed by homeowners that could be of interest to you.
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Read the entire article here: http://www.visualistan.com/2017/06/12-things-to-fix-around-the-house-before-they-get-worse.html

Wanting to Plan Some Summer Parties? Learn How to Make Them Easygoing Here!

Posted on July 13, 2017 by Jeremy Leake

Summer is all about getting together with friends trying to beat the heat. Now we can’t help with the heat but we can help with the get togethers. If you love having parties or would love to host them in the future then you’ve come to the right place. We found this article with ideas on how to make them more easygoing. We hope they help make the most out of your parties with less stress!

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From the article:

Summertime calls for a distinctly unfussy approach to entertaining, and thankfully so ??? because who wants to sweat over planning a summer soiree? Make things easier on yourself by hosting outdoors instead of in, getting guests to pitch in and embracing low-key, budget-friendly decor. From DIY flowers and quick extra tables to a beachy outdoor bar, these 20 ideas will make your party planning easier.

Whip up an extra table with sawhorses.

Short on outdoor dining space? Hunt down a few sawhorses and top them with a length of board as big as you want your table to be. You can paint the board, cover it with a cloth or butcher paper, or leave it as is.

Boost ambience with lanterns and signs.

Flank the entrance to your party area with a pair of big lanterns and lean a sign nearby ??? it can announce the menu or simply say, ???Welcome!???

Give guests a healthy option with fresh flavored waters.

Fill a big drink dispenser with ice water, flavored with fresh ingredients for a healthy thirst quencher on hot days. Try lemon, lime or orange slices; fresh mint leaves; cucumber rounds; or berries.

Create activity zones to keep large parties moving.

Setting up several distinct areas can help a large gathering feel more manageable, as your guests will naturally be drawn into smaller groups. For instance, you could set up a dining table, a fire pit circle, a porch lounge and an outdoor bar.

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Looking for grilling setup ideas? Checkout this article about grilling setup ideas that could be of interest to you.
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Read the entire article here: https://www.houzz.com/ideabooks/27317567/list/20-ideas-for-easygoing-summer-parties

Looking to Do Some Home Remodeling but Don’t Have a Lot of Money to Spend? Start Here!

Posted on July 10, 2017 by Jeremy Leake

Dreaming about what you’d like to do to your home can be a lot of fun. Unless what you want is a huge overall that costs a lot of money then it can be discouraging knowing you don’t have that kind of money to spend. In order to help you alleviate some of the stress your home can cause we found this article with some home remodeling ideas you can do without spending a lot of money. We hope you find some ideas that you love!

From the article:

101 practical home remodeling ideas that can be completed on a budget. These home remodeling projects are a mix of inexpensive ideas and do-it-yourself projects, perfect for the average homeowner.

Sick of remodeling ideas that are only possible for the rich?

The 101 home remodeling ideas in this list will help you make your home more comfortable, valuable, and functional. Most important of all, they are affordable, and almost all of them can be done without hiring an expensive contractor.

While not all these projects may be appropriate for your home, you should be able to find at least 5 to 10 to do over the next couple of months in your free time.

Even if they???re small projects, they will quickly add up and help you transform your home.

Upgrade to a Beadboard Ceiling

It???s a shame when beautiful decor is ruined by a hideous popcorn ceiling. One elegant solution is to install a beadboard ceiling.

The project appears deceptively simple. You???ll need to get beadboard from any local hardware store (easy), but then you need to measure it out correctly and cut it so that it fits your ceiling. While this is fairly easy for the experience DIY-er, it can be tricky lining things up right.

Remember, measure twice, cut once.

Bead board is relatively cheap, but you still don???t want to be ruining slabs by making the wrong cuts.

Replace Old Flooring with Vinyl Tiles

How much do you think the floor in the above picture cost?

In reality, only $50 and a few hours of time. If you have that ugly old laminate flooring (you know what I???m talking about), it???s time to replace it.

Look how easy this type of tiling is to put down: http://www.frugalfamilytimes.com/2012/07/how-to-install-peel-and-stick-vinyl.html

Once you dig up your old, nasty laminate, all you need to do is put down peel and stick down the vinyl tile.

While you could put down marble or ceramic tiling, it???s much more expensive and difficult.

Make Your Tile Look Like New With Grout Renew

If you???ve had tile in your bathroom for a while, you???ve likely noticed that the grout (the white stuff between tiles) has faded, which is both kind of gross and ugly.

You???ve probably tried many types of cleaning solutions involving baking soda and vinegar, but none have really worked. The best product by far costs about $10 from Home Depot, and it???s called grout renew.

Here???s a side-by-side comparison of tile with old grout and with the product on it:

Add Paneling to Your Wall

If you have a large exposed wall, and short trimming along the bottom, adding panels can add a great texture and look to a room.

You can find thin panels at a hardware store (the above panels were from Lowes) for $12-15 apiece. The project should take about 20 hours and cost around $250.

Tall Foyer? Build an Extra Platform for More Space

This is an ingenious way to free up some extra space, perfect for a small nook or play area for children.

This project will take at least a few weekends, and cost anywhere from $300-1000 depending on the layout of your home and the quality of materials you decide on. Still not bad compared to what a contractor would charge.

If you have no experience building a floor safe enough for holding weight, it would be a really good idea to have a contractor come in and at least inspect your new surface. Possibly before you???re even done so you can make changes if needed.

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Looking for decor ideas on a budget? Checkout this article about decor ideas on a budget that could be of interest to you.
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Read the entire article here: https://www.homestratosphere.com/smart-home-remodeling-ideas-on-a-budget/