Joseph Boyd's Blog
As home buyers become younger and younger, energy-efficient structures become more popular. According to the National Association of Home Builders, the most sought-after green features in a home include:
- Energy-Star rated windows and appliances.
- Toilets that conserve water.
- Tankless water heaters.
- Solar panels.
- Extra insulation.
- Triple-paned glass in windows and doors.
Home buyers in 2020 want an efficient home that boasts big creature comforts, combined with a small monthly utility bill.
Hand-in-hand with energy efficiency comes sustainability. Recycled building materials such as reclaimed wood and recycled steel are gaining ground as viable alternatives to traditional building materials. The use of pre-cast concrete and bamboo is increasing as well. But homebuyers who really want to flaunt their devotion to sustainable products this year may be able to choose sheep's wool or straw bales as home insulation. Houses made of earth may even begin to crop up in places where they weren't previously welcome.
It's a digital world in which we live in 2020. That's why young home buyers want more tech features in the homes they're considering living in for the next three-to-five years. CNET includes the following devices in their list of top home tech:
- Smart speakers.
- Smart displays.
- Mesh routers.
- Smart plugs.
- Smart light bulbs.
- Smart thermostats.
- Video doorbells.
- Home security systems.
These devices not only protect your home from intruders and show you who's at your door from across the country, they do the little things, too. They can read you a recipe so you're free to keep your hands in the bowl. They can ensure you have seamless WIFI connection all through the house and have your rooms warmed up and waiting for you when you get home from work in the evenings. Today's tech is all about hands-free convenience at the simple command of a voice, and today's home buyers are crazy for it.
Open-concept areas are still big this year, but in 2020, they're expanding to include the great outdoors. Homes that offer a seamless transition from indoors to an upgraded, outdoor living space are in demand. Walls of sliding, glass doors that simply fold away to remove the barrier between a kitchen and an outdoor deck are prime real estate.
Other top trends in home design this year include industrial living spaces and rooms that boast high-contrast decor. The majority of home buyers going forward are expected to be some of the youngest, most professional that the market has ever seen. Younger buyers means more adventurous floor plans and garages capable of housing multiple cars. In short, 2020 is shaping up to be a real estate agent's dream.
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If you plan to sell your house, you likely will need to craft a home listing. As such, you may want to put together an outline of the information that you'd like to include in your home listing to optimize its effectiveness.
Now, let's take a look at three things that every seller should include in his or her home listing.
1. Home Price
The price of your home likely will play a major role in how quickly your residence stirs up interest from homebuyers, and for good reason.
If you offer a competitive price for your residence, you should have no trouble generating substantial interest in your house as soon as it becomes available. Comparatively, if your home is overpriced, your risk alienating potential buyers. Or, if your residence is underpriced, you may miss out on an opportunity to maximize the value of your house.
Performing a home appraisal often serves as a great way to get an accurate valuation of your house.
Also, look at the prices of comparable houses in your city or town. This will help you understand how your residence stacks up against the competition so that you can price your home accordingly.
2. A Detailed Home Description
What sets your house apart from other residences? Ultimately, if you create a detailed description of your home's features, you can increase the likelihood of a fast, profitable home sale.
When you put together a detailed description of your home, be honest. That way, you can empower homebuyers with the insights they need to determine whether your residence is right for them.
In addition, copy edit your home description before you publish your home listing. Because if your home description is littered with grammatical errors, these mistakes may drive potential buyers away from your residence.
3. Nearby Attractions and Landmarks
If your home is located near amusement parks, national monuments, schools or other popular attractions or landmarks, you should incorporate this information into your home listing. By doing so, you can further differentiate your residence from the competition.
Don't forget to provide details about how far away your home is located from nearby attractions and landmarks too. For instance, if your house is only a 5-minute drive from a top local park, you should include this information in your home listing.
If you want to get the most out of your home listing, it pays to hire a real estate agent as well. With a real estate agent at your side, you can create an in-depth home listing that will hit the mark with prospective buyers.
A real estate agent understands exactly what it takes to create an effective home listing. He or she will learn about your residence and your home selling goals and ensure that your home listing stands out from others.
Ready to craft an engaging home listing? Use the aforementioned tips, and you can boost your chances of creating a terrific home listing in no time at all.
Those who have lived in the same home for an extended period of time may be thinking about renovating their house. This is a chance to update the space to fit more contemporary styles while also increasing the value of the home itself. With this goal in mind, here are a few home improvement trends to try this year.
The Addition of Subway Tiles
In the world of interior design, the popularity of subway tiles has already skyrocketed. This is a glamorous tile is used to bring urban vibes right into the comfort of one's home. These tiles can be used to add a little bit of sparkle to any room. Subway tile can be used to create visual interest without drawing attention away from the structure of the room itself but they can also stand as a design centerpiece. Look for accented subway tiles that will beautifully bring out the features of the room. These details may come in the form of different colors, understated texturing, or setting the tiles into unique patterns.
The Use of Open Shelving
Open shelving used to be thought of as a fringe idea; however, it is here to stay. They are often designed to be a slightly different color from the rest of the kitchen to highlight the minimalist design aesthetic that has become popular in recent years. While proving easier access to stored items, open shelving also creates an opportunity to add a punch of color or pattern at the back of the shelves without updating the whole wall. Many people also like to accent open shelves with handmade ceramics or collectibles. The flexibility and versatility of open shelving have made this a popular trend.
The Expansion of the Bathroom
Many homeowners are looking for updates that will bring a sense of luxury and convenience to their bathrooms. You may look for ways to make the space bigger and incorporate some new technology. You may consider adding heated toilet seats or jets for the bathtub. Create built-in seating in the showers, install adjustable showerheads, and create storage alcoves in the shower itself. Adding counter space and dual faucets is another popular and timeless upgrade.
The Advantages of Home Improvement
Home improvement projects aren't just a way to elevate living spaces. They are an opportunity to invest in your home and add value to it. Why not take a look at some home improvement options for 2020?
If you plan to buy a house, you'll want to apply for a mortgage before you launch your house search. That way, you'll have your finances in order and can narrow your home search accordingly.
Ultimately, there are several steps that you should take prior to applying for a mortgage, and these are:
1. Check Your Credit Score
A bank or credit union likely will analyze your credit score as it reviews your mortgage application. However, you can find out your credit score free of charge before you kick off the mortgage application process.
You are eligible to receive a free copy of your credit report annually from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). Submit a request for your credit report today, and you can receive comprehensive insights into your credit history.
2. Examine Your Earnings and Debt
How much you currently earn and your outstanding debt could play pivotal roles in your ability to acquire a favorable mortgage. Thus, you'll want to examine these factors closely so that you can better understand how lenders will view your mortgage application.
Also, if you have lots of outstanding debt, there is no need to worry. If you allocate the necessary time and resources to learn about your debt and pay it off, you can increase the likelihood of obtaining a favorable mortgage.
3. Establish a Budget
Although a mortgage may prove to be essential to buy a house, it is important to consider various homebuying expenses as well.
For example, you may need to pay closing costs, home inspection fees and other expenses throughout the homebuying process. If you're worried about having the necessary finances to cover these costs, you may want to start saving money for them as soon as possible.
It often helps to account for the costs associated with cable, electricity, internet and other home must-haves too. The aforementioned homeownership expenses can add up quickly, but those who plan ahead can ensure they have sufficient funds available to cover these costs.
As you prepare to search for a house, it usually is a great idea to hire a real estate agent. This housing market can help you prepare for each stage of the homebuying cycle and ensure you can achieve your homebuying goals.
Typically, a real estate agent will meet with you and find out what you want in a dream house. This housing market professional then can keep you up to date about residences that match or exceed your expectations.
Perhaps best of all, a real estate agent understands that no one should be forced to overspend to acquire their ideal residence. As such, this housing market professional will make it simple for you to discover a terrific house at a budget-friendly price.
Lastly, don't hesitate to reach out to a real estate agent for guidance before you apply for a mortgage. With a real estate agent at your side, you can learn about lenders in your area and find one that can provide you with the financing that you need to purchase your dream house.