The Open House: Should You Do It When Selling?
Open houses can be a bit of a controversial topic in the real estate world. Some professionals insist that they are necessary, others want nothing to do with it, and some are in the middle, having open houses occasionally. Holding an open house when selling your home can have some great benefits, but they also have disadvantages. Being aware of the advantages and limitations of open houses can help you decide what you want and what risks you want to take on.
Pros of Open Houses When Selling a Home
Attract Buyers at the Start of the Homebuying Process – Buying a home is not a process that everyone is familiar with, and open houses can be an easy first step. Especially for first-time homebuyers who may not know where to get information or whom to contact when looking for a home. Open houses can be a way to attract new buyers, which is helpful for any home seller.
Additional Exposure – Exposure is the name of the game when selling your home. Having a solid marketing plan to get as many potential buyers’ eyes on your house is the key to getting a good offer. Open houses can be an excellent way to get additional exposure and advertising.
Reduce Pressure on Buyers – Open houses are often very low-pressure environments where buyers can tour the home with little to no pressure. Some buyers like to analyze a home in detail without having a time constraint or someone showing them around.
Show Off Your Advantages – If you have put considerable time and energy into upkeep in your home, an open house is a great way to show off those features. Visitors will appreciate the unique features of your home or just the general upkeep. This could help your home stand out on the market or over other listings in your neighbourhood.
Cons of Open Houses When Selling a Home
It May Not Sell Your Home – The percentage of homes that actually sell due to an open house is less than 2-3%. While you may get a good turnout, open houses aren’t necessarily going to attract buyers who are at the offer stage yet.
Attracting Unqualified Buyers – Anyone can attend an open house, whether they are financially capable of buying a home or not. Not everyone that attends the open house will be qualified to put an offer on it.
Possible Theft – The reality of an open house is that you will have strangers coming through your home, and you don’t know their intentions. It’s always a good idea to put away any valuables or objects you don’t want to lose.
When considering whether or not to host an open house when selling your home, it is essential to weigh the pros and cons and decide what is best for you. An open house can be a great opportunity to better market your home to buyers. Still, it isn’t for every seller, and it’s not necessary for selling your home. If you are unsure, talk to a local real estate expert about your situation and goals. And, of course, you can always contact me if you have any questions or need any advice!
Spring Home Maintenance Checklist
Though the blustery winter weather we’ve been seeing over the last few weeks in Saskatoon might have us thinking spring is still months away, we’re actually only a couple of weeks out. Soon enough, the longer days will bring warmer weather, and the long-anticipated seasonal thaw will begin. And with that thaw comes some essential home maintenance that will need taking care of!
Check & Clean Eavestroughs
With the wind and snow blowing around all winter long, things are bound to end up on the roof and in our eavestroughs. These little valleys are not only preventing water damage during spring and summer rains but are particularly important in helping the thawing snow and ice find their way to the ground as they melt. That means, even when it’s still a little chilly out, a trip up the ladder may be to ensure they are working at 100%.
Check the eavestroughs and downspouts for any blockages and clear them away. Secure any loose joints to prevent drips, and make sure the downspouts point away from your foundation. The last thing anybody wants to wake up to is a flooded basement!
Change Filters
After working hard to heat your home from the famous Saskatchewan winter chill, your furnace is bound to need a little TLC. Change out the furnace filter to keep it in good working order for those chilly spring evenings. Change out the range hood filter while you’re at it, and clean out your heat recovery unit, too!
Inspect Entryways & Windows for Gaps
Sure, warmer weather means enjoying more time in our outdoor space, breathing in the fresh air, but it also means the return of every homeowner’s nightmare: pests. Take some time to check your doorways and windows for any gaps or holes where bugs or rodents could sneak through. If you find any, seal them off to keep unwanted guests out. (The insect and rodent variety, of course…)
Check Soil Settlement at the Foundation
The one thing the winter thaw is particularly good at is washing away soil where we might actually want it to stay. One place that can often get hit pretty hard: around your home’s foundation.
Once the snow has cleared enough for you to see, take a walk around your home and see how the soil is settled. If it looks more like a moat a prince would have to cross to get to the castle, water damage may be on the way as the water drains toward your foundation. To combat it, simply fill it in until you see a nice, gentle slope that will encourage water to drain away from the house rather than into it.
Other Spring Home Maintenance Tasks
Test Smoke & Carbon Monoxide Detectors – If you’ve got littles, spring is also a great time to run fire drills with them to prepare them in case of emergency!
Inspect the Roof – Once the snow has melted away through your sparkling clean eavestroughs, break out the ladder again to check your roof for any repairs that may need to be done. You can also use this time to inspect the siding around the house for any spots that may need to be re-secured.
Clean Fireplaces & Chimneys – If you’re lucky enough to have an incredible, fully-functional wood-burning fireplace, chances are it’s been working double-time over the past few months. Before retiring it for the season, clean it out and consider having it serviced if you haven’t had it done recently.
Check Sump Pump – If you have one, make sure it works correctly and pushes water away from your foundation, not toward it.
Spring Cleaning – While the weather’s not too cold and not too hot, take some time to give your home a spring makeover! Clean windows inside and out, wash off window and door screens and consider spraying off your siding, deck, and siding for some added curb appeal—especially if you’re thinking of selling your home.
Though we may feel like hibernating until the hottest days of summer, don’t sleep on these essential spring home maintenance tasks. Not only will they keep your home in tip-top shape, but they’ll also set you up for that easy-breezy, worry-free summer you’ve been waiting so patiently for!
4 Tips For Budgeting a Home Renovation
Renovations, especially when preparing your home for sale, can make or break how quickly your property will stay on the market. It’s easy to get caught up in the excitement of choosing new finishes for home projects or be blindsided by unforeseen hiccups that can dramatically increase costs. Deciding on how much to spend on home improvement projects can be tricky—lucky for you, I have compiled some tips that will help you stay on track and minimize any unwanted surprises!
Set Your Spending Limit
According to Zillow, you should spend no more for each room than the percentage of what that room values in the overall house value. For example, the kitchen generally makes up to 15% of the overall property value. If your home is worth $200,000, you will want to cap remodelling expenses at $30,000.
Another good guideline is not spending more than 10-15% of your home’s value on a single room. Any more than that will not proportionally add to the value of the home. HomeAdvisor states the average cost to renovate a kitchen at $4,000 – $60,000, a bathroom at $2,500 – $25,000, and a basement at $11,000 – $30,000. Keep in mind that older homes will often cost more to renovate if wiring and plumbing aren’t up to code.
You will also need to determine how you are financing your project! Your renovation budget will need to fit within the limit of available funds, whether it is by cash, loan or credit.
Prepare for Hidden Costs
This tip is possibly the most important of them all, so listen closely. Once you have concluded how much you can afford to spend, set aside 10-20% of your available funds for any unexpected expenses that may arise. You might have heard of the phrase, “things happen,” and it definitely applies to home renovations. Things go wrong or cost more than what was initially predicted, and by setting aside these funds at the beginning, you know that you will still have enough cash to cover no matter what happens.
Prioritize & Make a Plan
So long as there is no expertise required, consider doing some tasks yourself to help reduce labour costs. Things like pulling up tile, removing old cabinets, ordering your own fixtures and finishes, shopping for used or refurbished items, and doing your own painting are all easy to do yourself.
You’ve used all these tips and added value to your home, so now what? You don’t want to risk pricing too high in risk of not selling. Contact your favourite local REALTOR® for a free home evaluation!
Top Home Decor Design Trends for 2021
Home design trends are constantly changing, but with the state of the world over the past year and a half, we can identify some common themes emerging. We see many rethinking the functionality of their homes and the concentration on building a safe, calm, and joyful space to centre us in throughout the various recent and tumultuous events. Here are some key trends that you can easily incorporate into your living space or make it more appealing to potential buyers if you are planning to sell your home!
Say Goodbye to Exclusively Formal Rooms
Have a formal dining room or living room you only use once every 6 months? The focus is now on livable luxury and versatility in design. This means rethinking our less-used spaces and embracing furniture concepts that play double duty—we’ve seen many formal dining rooms turn into home offices and school rooms. However, this is also your sign to turn that space into something totally your own that sparks joy. Always wanted a craft room? Maybe a library to live out your Beauty & the Beast dreams? Go for it!
Embrace Natural Materials
This is the return of nature and earthy inspiration to really become one with that zen mindset. Pieces like cream coloured ceramics, marble coffee tables, wicker baskets, rattan headboards, and unfinished wooden furniture help create a comforting and organic look and feel. Earthy tones and warm, soothing colour palettes like wine reds, sagey greens, and golden yellows have also increased popularity.
Become a Plant Parent
Speaking of natural, 2020 was back to basics. Hands up if it was your mission to successfully make a loaf of delicious sourdough bread and adopt a few plant babies! Yeah, I see you, Saskatoon. We’re definitely seeing this continuing the trend through 2021.
Incorporating plants into your décor honestly does wonders to help refresh the air and brighten your mood. Easy-to-care-for plants and textured pots work like magic to bring some life to a space, and edible gardens are perfect for a sunny kitchen window sill.
Maximize Natural Sunlight
Be aware of the lack of Vitamin D from being cooped up indoors—sunlight is scientifically essential to our happiness. Yes, really! And studies have shown that it can actually have a direct effect on a homebuyer’s first impression of the home, especially when staging to sell.
With the goal of calm and centred living space, gone are heavy window dressings. Instead, try a semi-opaque cotton curtain with some tassel trim for a subtle texture.
Solid Statement Walls? Forget About It
Wallpaper is not just for your grandmother anymore. It has officially made a comeback! Add some personality to your space with a statement wall, or use it to line your cabinets or shelving. Want a less permanent option in case you are renting and planning to buy a home? Peel and stick wallpaper is an exceptional way to play with your space without the commitment.
More is More
Granny Chic has a nice ring to it, right? The year 2021 has marked the rise of the “grandmillennial” trend, described as a revival of the homey design elements that you may find at your grandparent’s house. This includes velvets, floral wallpaper, brass, delicate china, antique paintings, and other vintage touches. And don’t be afraid to mix patterns, either.
This style can evoke a sense of tradition, comfort, and nostalgia. Combining old-world elements (antique paintings) and the new world comforts (modern lighting fixtures) can also create a perfect timeless mix.
No matter what your home ownership goals may be this fall, whether it’s buying a new house or selling your existing one, keep these top design trends in mind for either. From dolling up your new digs or staging for selling success, these simple changes can keep your home looking modern, chic, and effortless!
Making the Most of Your Outdoor Space
Well, Saskatoon, it looks like we’ll be spending another summer close to home. With the real estate market as hot as it is right now, it’s evident that some people are taking the opportunity to upgrade their living situations. Imagine finding a home with a great outdoor space—kids’ playset included. Or what if it has a pool? How amazing will your summer be with access to your very own backyard oasis?
If it’s possible to change your primary residence to suit your desired lifestyle better, that is a great option. If you are unable to find your family’s perfect home, what can you do to improve your outdoor space? The good news is, there’s plenty you can do to enhance the outdoor area you do have while you are waiting to move!
Furnishings: Need a place to relax and enjoy your outdoor space? Purchase hardy outdoor furnishings that stand up well to our climate.
Heat It Up: A fire pit or fire table can turn your outdoor space into an inviting gathering place. Adding a heat source to your outdoor space will also increase the amount of time you can enjoy it.
Spruce Up Your Gathering Space: If you have a deck, consider sanding and restaining it to freshen it up. If you have a patio, use a pressure washer to make your blocks look new again and take care of weeds or grass growing between the blocks.
Light It Up: Not only can lights transform the look of outdoor space, but they can also add nighttime safety and security.
Add a Water Feature: A water feature can be a great focal point, easy to install and maintain and come in many affordable options and sizes. Choose from tabletop fountains to large rock features. A successful outdoor space takes all senses into account, including sound. And there is no sound more relaxing than moving water!
Make a Walking Path: Use mulch, stones slabs, or paving stones, to lead to a bench or chair in your favorite spot.
Create Privacy: There’s nothing better about living in Saskatoon than the friendliness of familiarity you’ll feel with your neighbours. But sometimes, you just want to relax without worrying that Wilson next door will hassle you the moment you open the patio door! Adding a fence can help create privacy from neighbors and boundaries from other areas of your home. In urban climates, you may want to add a privacy wall to your deck or patio as well. Creating privacy will give your outdoor space a sense of coziness.
Add Potted Plants: Simple, yet effective, adding potted plants adds an extra touch of green into your outdoor oasis, whether you’re working with a full backyard or cozy condo balcony. Plus, if you’re thinking about selling, it can be an easy way to boost your home’s curb appeal for sale, too!
Create a Shady Place: When the sun is too hot to handle, have a place you can go to escape. A pergola, canvas pole tent, curtains, or a taut piece of canvas will do the trick.
No matter what your outdoor space may look like, there are plenty of ways to boost its appeal while you are waiting to move. And if you find it still just doesn’t feel right, we can always, of course, speed up the timeline and start your home search sooner!