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Julie Reddington's Blog

By Julie Reddington | Agent in Highlands Ranch, CO
  • Home Improvements to help sell your home

    Posted Under: Home Selling in Cherry Creek, Remodel & Renovate in Cherry Creek, Design & Decor in Cherry Creek  |  December 11, 2013 2:35 PM  |  211 views  |  1 comment
    Let's say you know you are going to be selling your house in the next five years. However, the homestead is feeling a little dated and tired. Why not do some home improvements now and do so in ways that will maximize resale potential?
    Double Whammy!! In a good way!! You get to enjoy those improvements for the next few years while still recouping some of the costs through a higher value when you sell. 
    This strategy is even more important today than it use to be. Over the last few years, the trend has been for remodeling projects to provide a lower return on dollars invested. Ten years ago, $10,000 spent on a kitchen remodel might gain you $12,500 in value. Today, however, that $10,000 will likely only increase the value by $7,410.
    How can we know that number so precisely???  By tracking the yearly survey conducted as a joint venture by the National Association of Realtors and Remodeler Magazine. They conduct surveys in 35 cities across the country and Denver is one of them. And the latest survey reveals that kitchen remodeling has an average return of 74.1%.
    So spend $10k today on a kitchen remodel. Enjoy it for a few years and get the buyer to pay $7,410 of it when you sell. You'll probably get way more than $2,590 in enjoyment from it while you continue to live in the property.
    The first step is to get the report on cost versus resale value of 35 home remodeling projects. The stats are pertinent to the Denver market in particular. You can get that report here for free. One downside: you might have to agree to let your contact info be sold to hundreds of home remodeling contractors and service providers. However, the report is worthwhile.
    The cosmetic choices you make when you remodel can also improve the average return on dollars spent on remodeling. The average return in the survey is just that - an average. If you make wise choices, you might beat the averages. That's where a stager comes in.
    Stagers specialize in knowing how buyers think and what makes the biggest impact on home buyers. So utilizing their services when making choices about colors and materials can help improve your bottom line. Stagers differ from interior designers and are much less expensive.
    You shouldn't always let impact on resale-value guide your decisions.  If you've always wanted that master bath with pink polka dots on zebra stripped painted walls, go for it. However, to the extent that you can enjoy things that have more universal appeal, you'll be better off when it comes time to sell.

    (c) Colorado Home Realty
  • REMODEL WITH AN EYE TOWARDS RESALE

    Posted Under: Remodel & Renovate in Highlands Ranch, Design & Decor in Highlands Ranch  |  December 9, 2013 8:00 PM  |  157 views  |  No comments
    Let's say you know you are going to be selling your house in the next five years. However, the homestead is feeling a little dated and tired. Why not do some home improvements now and do so in ways that will maximize resale potential?
    Double Whammy!! In a good way!! You get to enjoy those improvements for the next few years while still recouping some of the costs through a higher value when you sell. 
    This strategy is even more important today than it use to be. Over the last few years, the trend has been for remodeling projects to provide a lower return on dollars invested. Ten years ago, $10,000 spent on a kitchen remodel might gain you $12,500 in value. Today, however, that $10,000 will likely only increase the value by $7,410.
    How can we know that number so precisely???  By tracking the yearly survey conducted as a joint venture by the National Association of Realtors and Remodeler Magazine. They conduct surveys in 35 cities across the country and Denver is one of them. And the latest survey reveals that kitchen remodeling has an average return of 74.1%.
    So spend $10k today on a kitchen remodel. Enjoy it for a few years and get the buyer to pay $7,410 of it when you sell. You'll probably get way more than $2,590 in enjoyment from it while you continue to live in the property.
    The first step is to get the report on cost versus resale value of 35 home remodeling projects. The stats are pertinent to the Denver market in particular. You can get that report here for free. One downside: you might have to agree to let your contact info be sold to hundreds of home remodeling contractors and service providers. However, the report is worthwhile.
    The cosmetic choices you make when you remodel can also improve the average return on dollars spent on remodeling. The average return in the survey is just that - an average. If you make wise choices, you might beat the averages. That's where a stager comes in.
    Stagers specialize in knowing how buyers think and what makes the biggest impact on home buyers. So utilizing their services when making choices about colors and materials can help improve your bottom line. Stagers differ from interior designers and are much less expensive.
    You shouldn't always let impact on resale-value guide your decisions.  If you've always wanted that master bath with pink polka dots on zebra stripped painted walls, go for it. However, to the extent that you can enjoy things that have more universal appeal, you'll be better off when it comes time to sell.
  • The Importance of Staging

    Posted Under: Home Buying in Highlands Ranch, Home Selling in Highlands Ranch, Design & Decor in Highlands Ranch  |  April 10, 2013 6:43 PM  |  541 views  |  No comments

    Staging” is the art of getting your house ready to show to prospective buyers so that they see it in its best light. While typically thought of as something agents do only for sellers, an agent’s staging skills are also beneficial to buyers.

    Let’s look at both aspects – staging for sellers and staging for buyers.

    As a seller, you want your house to show its best. Buyers tend to choose emotionally and then justify their decision logically. Staging, done well, can make an emotional connection with a buyer – providing them with a “wow” experience when they open the door to your house.

    With staging, its best to start with the no-cost and low-cost strategies. Rearranging furniture, removing clutter and painting can make a space feel larger and more inviting. Accessorizing is another great way to add flair. It costs little and the accessories that you buy can go with you to your new place.

    In some cases, it can make sense to make more substantial improvements. New floor coverings, countertops, plumbing fixtures and lighting may help. Even remodels of kitchens and baths can make financial sense in some cases. We have to be much more judicious about these kinds of things, however. Are the time and effort worth the return even if we get $1.50 back for every dollar spent on the upgrades?

     

    What about staging for buyers. How can staging expertise help you when you are buying?

    It can help in two ways.

    1) Most homes have not been staged very effectively. We will need to look beyond the current cosmetics to the underlying home and visualize how a different arrangement of furniture or some low-cost improvements will make the space shine. Often you can get a better deal on this type of home as most buyers and agents have trouble seeing beyond the current conditions.

    2) You will need to sort out and be wary of the emotional impact you might feel from a well-staged home and make sure that you are paying attention to the house itself. There is nothing wrong with falling in love with the house you buy. You want to feel an emotional attachment if it is a house you are going to live in. However, situations where the effective staging causes buyers to forget about their initial needs and wants (that extra bedroom or that third bathroom) can be misleading and devastating once reality sets in.

    Bottom Line: Staging is important for both buyers and sellers. It is something we’ll need to pay attention to on either side of the transaction.

    (c) Colorado Home Realty


    Julie Reddington
     | ABR®, REALTOR ®,  Broker Associate | Colorado Home Realty |

    (Cell) 720-226-4168 | (Fax) 720.981.4788

    Go to JulieReddingtonRealEstate.com or CLICK HERE to see what people say

  • Staging - It's not just for Sellers anymore

    Posted Under: Home Buying in Cherry Creek, Home Selling in Cherry Creek, Design & Decor in Cherry Creek  |  March 29, 2013 7:42 AM  |  412 views  |  No comments

    “Staging” is the art of getting your house ready to show to prospective buyers so that they see it in its best light. While typically thought of as something agents do only for sellers, an agent’s staging skills are also beneficial to buyers.

    Let’s look at both aspects – staging for sellers and staging for buyers.

    As a seller, you want your house to show its best. Buyers tend to choose emotionally and then justify their decision logically. Staging, done well, can make an emotional connection with a buyer – providing them with a “wow” experience when they open the door to your house.

    With staging, its best to start with the no-cost and low-cost strategies. Rearranging furniture, removing clutter and painting can make a space feel larger and more inviting. Accessorizing is another great way to add flair. It costs little and the accessories that you buy can go with you to your new place.

    In some cases, it can make sense to make more substantial improvements. New floor coverings, countertops, plumbing fixtures and lighting may help. Even remodels of kitchens and baths can make financial sense in some cases. We have to be much more judicious about these kinds of things, however. Are the time and effort worth the return even if we get $1.50 back for every dollar spent on the upgrades?

     

    What about staging for buyers. How can staging expertise help you when you are buying?

    It can help in two ways.

    1) Most homes have not been staged very effectively. We will need to look beyond the current cosmetics to the underlying home and visualize how a different arrangement of furniture or some low-cost improvements will make the space shine. Often you can get a better deal on this type of home as most buyers and agents have trouble seeing beyond the current conditions.

    2) You will need to sort out and be wary of the emotional impact you might feel from a well-staged home and make sure that you are paying attention to the house itself. There is nothing wrong with falling in love with the house you buy. You want to feel an emotional attachment if it is a house you are going to live in. However, situations where the effective staging causes buyers to forget about their initial needs and wants (that extra bedroom or that third bathroom) can be misleading and devastating once reality sets in.

    Bottom Line: Staging is important for both buyers and sellers. It is something we’ll need to pay attention to on either side of the transaction.

    (c) Colorado Home Realty


    Julie Reddington
     | ABR®, REALTOR ®,  Broker Associate | Colorado Home Realty |

    (Cell) 720-226-4168 | (Fax) 720.981.4788

    Go to JulieReddingtonRealEstate.com or CLICK HERE to see what people say


  • Changing out the paint ?? Read on !!

    Posted Under: Design & Decor in Aurora  |  November 7, 2011 12:38 PM  |  1,028 views  |  No comments

    Whether you are a contractor or owner occupant, if you have a home that was built before 1978 and are handling/changing the paint, you have to comply with EPA’s rules on how to handle this.

    If you are renovating more that 6 square feet of interior painted surface, or 20 square feet of exterior paint, whether you are a licensed contractor,  investor doing the job youself, Landlord or an owner occupant – you have to certified to do this. 

    Common renovation activities like sanding, cutting, and demolition can create hazardous lead dust and chips by disturbing lead-based paint, which can be harmful to adults and children.

    To protect against this risk EPA issued the Renovation, Repair and Painting Rule. It requires that firms performing renovation, repair, and painting projects that disturb lead-based paint in pre-1978 homes, child care facilities and schools be certified by EPA and that they use certified renovators who are trained by EPA-approved training providers to follow lead-safe work practices. Individuals can become certified renovators by taking an eight-hour training course from an EPA-approved training provider. To Learn more on this, click here

    Fines for non-compliance are up to $37,500, and are happening!

    This is on repairs / remodels from April 2010.

    Here is the website to learn more  http://www.epa.gov/lead/pubs/renovation.htm

  • Doing a nice paint job?? Here is how to avoid a $37,500 fine

    Posted Under: Design & Decor in Denver, Rental Basics in Denver  |  October 26, 2011 2:07 PM  |  1,246 views  |  1 comment

    Whether you are a contractor or owner occupant, if you have a home that was built before 1978 and are handling/changing the paint, you have to comply with EPA's rules on how to handle this.

    If you are renovating more that 6 square feet of interior painted surface, or 20 square feet of exterior paint, whether you are a licensed contractor,  investor doing the job youself, Landlord or an owner occupant - you have to certified to do this. 

    Common renovation activities like sanding, cutting, and demolition can create hazardous lead dust and chips by disturbing lead-based paint, which can be harmful to adults and children.

    To protect against this risk EPA issued the Renovation, Repair and Painting Rule. It requires that firms performing renovation, repair, and painting projects that disturb lead-based paint in pre-1978 homes, child care facilities and schools be certified by EPA and that they use certified renovators who are trained by EPA-approved training providers to follow lead-safe work practices. Individuals can become certified renovators by taking an eight-hour training course from an EPA-approved training provider. To Learn more on this, click here


    Fines for non-compliance are up to $37,500, and are happening!

    This is on repairs / remodels from April 2010.

    Here is the website to learn more  http://www.epa.gov/lead/pubs/renovation.htm

    Kindest Regards

    Julie Reddington 
    Realtor, Accredited Buyers Agent and Relocation Specialist


    Tel: (720) 226-4168 | Fax: (303) 784-0618
    TheHouseHunterDenver@gmail.com | www.JulieReddingtonRealEstate.com

    Key Masters Real Estate - Metro Brokers 


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  • Eat free at Ikea this weekend

    Posted Under: Shopping & Local Amenities in Denver, Design & Decor in Denver, In My Neighborhood in Denver  |  September 21, 2011 8:20 AM  |  1,347 views  |  1 comment

    How are you enjoying our favorite IKEA store in Denver ??  

    So if you can manage the crowds this weekend, you can eat free at Ikea, Centennial this weekend.    You have to spend $100 before tax.  You take your receipt from the restaurant and this will be deducted off your home furnishings purchase.

    Offer valid Saturday, September 24 - Sunday September 25, 2011

    Terms and conditions apply - visit www.info.ikea-usa.com/centennial




    Kindest Regards

    Julie Reddington
     Realtor, ABR


    Tel: (720) 226-4168 | Fax: (303) 784-0618

    TheHouseHunterDenver@gmail.com | www.JulieReddingtonRealEstate.com

    Key Masters Real Estate - Metro Brokers 


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