Budget Home Decorating – Get a Designer Home Makeover Without the Designer Price Tag

Give your home a designer makeover without the designer price tag with these budget-friendly home decorating tips:

1. Get inspired. The first step is to get loads of inspiration and ideas. Go to your local library and check out a few magazines on interior design and home decor. Depending on your personal taste, you might consider the following titles: ELLE Decor, House Beautiful, Dwell, LUXE, Traditional Home, Architectural Digest, and Cottage Style. Also check out any design magazines that are specific to your region.

Now flip through those magazines just to get ideas. Take note of the design elements that you like most. Which colors, textures, and patterns are particularly appealing to you? Jot down any and all of those designer tricks that you find aesthetically pleasing and that you could incorporate inexpensively into your own space: stacked books that double as end tables, collections of antique jars on a mantle or mismatched pewter frames in an attractive grouping, for example.

When something speaks to you, sketch it in your “design notebook” or just jot down the idea. You might not be able to use the idea in your space right away, but when you need fresh inspiration, you’ll have it.

2. Dress the walls. A quick coat or two of paint can do wonders for any space, and it’s an easy project to do by yourself in an afternoon (or two). Just a few hours of work can yield dramatic effects – elevating a boring, blah room into a cozy, warm space. And even if painting isn’t your favorite part of the home decorating process, it needs to be done first so you can make sure all of your other design elements will match or coordinate with the room itself.

Wall tiles, wall flats, fabric panels, and vinyl embellishments are other attractive and affordable options to quickly and dramatically change the look and feel of a space, particularly if you are renting and need a more temporary and removable option. A quick Google search will give you a variety of choices in a wide range of price points.

3. Dress the windows. Behind paint, the right window treatments can give you the second biggest bang for your buck. Your choice of fabric can make all the difference in your room. For drama, choose strong colors and patterns with heavier textures. For a light and airy room, opt for sheer draperies in pastels.

While the right window coverings are important, they don’t have to be super expensive. Browse your local Bed Bath & Beyond, Sears, Target, Kmart or Macys. You can often find especially deep discounts online at Amazon and Smart Bargains.

Another affordable option is to make the window coverings yourself. Roman shades are do-able for even the non-seamstress. Search for your chosen project on YouTube, HGTV or the DIY Network for step-by-step video tutorials.

4. Dress the big stuff. Since we’re on a budget here, we won’t be buying new furniture, so consider livening up your space with quality slipcovers. These can have a dramatic effect and are particularly ideal if you have quality furniture with some cosmetic blemishes.

You can generally find slipcovers at your local department stores or at discount bed and bath superstores. The nice thing about slipcovers is that they make it a cinch to change the theme or color scheme of a room to correspond with the changing seasons – or your changing moods. The downside: furniture covers are really only a practical option if you don’t have young kids or pets that lie around on the furniture. Otherwise, you’ll spend all your time straightening and tucking.

As an alternative to slipcovers, you could have your furniture reupholstered, which may be less expensive than you think, depending on the piece -or, if you’d rather opt for a new piece of furniture, you can do it without spending a whole lot by keeping an eye on your local Craigslist, your city’s Freecycle site, or even furniture store clearance sales.

5. Go nuts with accessories. This is the fun part. Use your personal sense of style and taste (coupled with the new ideas and know-how from your designer’s notebook) to add inexpensive pillows, sconces, candles and candle holders, art, photo frames, floral arrangements, throw blankets, decorative fruit bowls, fresh towels and other home décor elements. Dress up your dining room chairs with skirts and chair covers, add a dramatic table runner and an elaborate handmade centerpiece.

Where to find those budget-friendly items? Turn to your local department stores as well as secondhand stores. Watch the online clearance bins and stroll the flea market. Walk into your local Hobby Lobby or Michael’s for ideas, which are generally on display throughout the store. You might even be able to take a class in the store on how to create some of the floral displays or other home accessories you see on display.

When you’re online, be on the lookout for eye-catching ideas you can do yourself. (Stumbleupon and Pinterest are fantastic tools for uncovering hidden DIY gems.)

If you don’t have the money to do every room in your house, start small – either with paint or a new slipcover; a new pillow or a new DIY project. The trick to home decorating on a budget is to do what you can, when you can.

What You Can Expect From A Luxury Home

Most people define luxury majorly in terms of price but there is so much more to luxury than just the amount of money you spend. It is very hard to define luxury homes in an exact way because this is something made up of several factors. If you are looking for a posh home to buy, there are some general qualities expected within it and they are what together create the luxury that is the home. Below are some of the features that such homes tend to have in common.

Prime location

Luxury homes tend to in coveted locations like on the beach or overlooking a sea for that matter. Others are in secluded mountainous areas or atop one while others may be overlooking a beautiful city. It all depends on whether you wish to have your home in the city or the country but generally they will be prime located attracting high end buyers for that reason.

High price

Like mentioned earlier price does interpret luxury and most homes under this category will be highly priced. Different areas attract different prices but you cannot expect to pay anything lower than half a million when looking for a luxurious home to and the prices can go way up into tens of millions depending on the magnitude of the property.

Exquisite amenities

Luxury home carry the most exquisite amenities in that you can conduct your life right from your home without needing other services out of it. Most will have a gym, spa, swimming pool, Jacuzzis, arcade rooms, movie theaters and even decontamination rooms. Some luxury homes come with outrageous amenities and they are what attract the buyers because they make the property unique, self-sufficient and convenient in every sense. They are some of the factors commanding prices apart from location.

Premier quality

Luxury homes have everything selected with care from the appliances, finishes, design and even materials used for construction and décor. They are all cut above standards so you the buyer can have something to pride yourself in. Hardwoods, marbles, crystals and Venetian plasters among others are common components in the homes.

Exclusivity

High end buyers including high profile individuals and celebrities treat their homes as serene refuges hence privacy is given center stage in luxury homes. If the home is not located in a secluded land large in size, then privacy will be achieved using foliage covers, high walls and tightly gated entrances sometimes complete with guards to keep the peace.

Luxury homes without doubt have so much to offer to buyers; as long as you can buy it, you can enjoy it. Some buyers actually look for homes that have interesting stories or histories behind them to give them that edge that everyone yearns for. Whatever the choice you make, you can definitely expect much more from a luxury property than a standard normal home. The choices are numerous so finding your ideal luxury home should not be too much of a task.

Calculating the Real Value of Your Home Without an Agent

Selling your home without an agent can be a huge decision. It can feel like a giant mountain of a task for first-time sellers. Selling your own house by yourself might sound empowering and there’s no doubt that it’s a challenge to sell your home by yourself as there’s a lot that goes into the process that a typical homeowner might not know. But thousands of people are doing it and once you know the process, it’s actually very doable.

If you are planning to sell your own house and getting ready to put your property on the market, the biggest fear that you might have is – selling your home below its market value and losing money. But what is the right price for your home? A home’s fair market value defines what you could expect to receive if you were to sell your home on that day. This value can differ while you are asking different estate agents and realtors. But why take their word for it?

If you don’t know how to determine the market value of your house, you are not alone. Most of the homeowners are absolutely clueless about their home’s true worth.

Don’t be an average homeowner.

Here’s how to know the real value of your home if you are selling it without an agent:


Factors that determine a home valuation

  • Location
  • Safety
  • Number of rooms
  • Curb appeal
  • Square footage
  • Type of the property
  • Age of the property
  • Upgrades and improvements
  • Market trends
  • School district
  • Construction and repair

Use online valuation tools

There are numerous websites available on the internet that can give you an estimate of your home’s worth such as Zillow, CoStar, and Redfin, etc. You can use these sites, along with other methods, to build a rough estimate of your property’s market value. To achieve accurate results from these websites, you need to provide honest information about the property. You can also include the remodeling or upgrade work that you might have gotten done after you purchased the property.

Square footage

This is a very basic, yet effective method of evaluating the worth of your home. Locate the recently sold properties in your area that are similar to your home in size, features, age, and square footage. Find the mean sales price of these properties by adding up the total sales price of each property and dividing it by the number of properties. Repeat the same step for the square footage of the properties. Divide the mean sale price by average square footage to calculate the average value of the properties per square foot. Finally, multiply the average value of the properties per square to the number of square feet in your home. This will give you a very accurate estimate of the fair market value of your home.

Mean sales price = Total sales price of all properties / total number of properties

Mean square footage = Total square footage of all properties / total number of properties

Per square foot value = Mean sales price / mean square footage

The market value of your home = Per square foot value * Number of square feet in your home.

Perform a market analysis

If you hire a real estate agent, they usually perform a market analysis for you to evaluate your home’s worth. But since you are selling our own house, you’ll need to run a comparative market analysis by yourself. To make sure that the price point that you’ve set for your home is fair, you should study the market trends and prices of the properties around you in your neighborhood. In your market analysis, match your property to comparable properties in your neighborhood in terms of features, to get an estimated value of your property.

Hire an appraiser

Home appraisers tend to give the most accurate home valuations so retain a home appraiser to conduct an appraisal of the property. An average home appraiser costs about 300$ to 500$, depending on the size and location of the property. While estimating the value of your home, appraisers consider trends in the market and comparable properties sold or listed recently. In addition to this, appraisers also research public records, gain further information about the value of your neighborhood and complete a far more thorough inspection of your home.

How to Sell Your Home Without a Real Estate Agent

Considering the rapid rise in home prices over the past several years, home sellers are taking a hard look at the commission they have to pay to a real estate brokerage to market and sell their home. Real estate commissions vary across the country; they average in the four to seven percent range.

According to the 2004 National Association of Realtors® (NAR) Profile of Home Buyers and Sellers fourteen percent of homes were sold by-owner. The NAR study listed the two most difficult tasks for for-sale-by-owner (FSBO) were preparing and fixing up the home for sale and getting the pricing right.

Invite three full-time mid to high producing agents to your home to give you an opinion of price. Understand that if the three price opinions are not what you think the property is worth, you should understand the danger of an over-priced property. Homes that are over-priced have been studied by large national real estate brokerages and over-priced homes take longer to sell and sell at a lower price as a percentage of the original list price.

Ask the agents to give you constructive feed back on what you should do to make your home visually appeal to the majority of buyers. Below are some staging tips to prepare your home for market.

1) Research how to “stage” your home to maximize its appeal to homebuyers by creating a spacious and pleasant home environment for buyers.

·Start by removing the first thing that gets in your way.

·Take one or more major pieces of furniture out of every room to make it more spacious.

·Keep matching furniture pieces together to build uniformity in a room.

·Create seating areas where two or more people can talk.

2) Keep the eye moving when staging a room.

·Use furniture placement to direct the buyer’s eye toward a room’s features.

·Move large pieces of furniture away from windows.

·Place large furniture at entry end of room to lighten visual load at opposite end of room.

·Use area rugs to anchor seating arrangements.

·Have your dining table closed to its smallest size.

3) Use furniture placed on angles in a room to give it a quick update.

·Angle a bed in a corner of a bedroom to focus attention.

·Angle furniture in a V shape in living and family rooms.

·Angled furniture can help fill a room short on furniture and lend a designer look.

4) Create vignettes in rooms to set mood.

·Breakfast tray with coffee cups, newspaper, flower vase on bed.

·Set the dining room table with linen tablecloth, china, silverware,and stemware.

·Set up game table for chess, bridge, or backgammon.

5) Effective model homes focus on creating the right environment.

·De-clutter so buyers can overlay their furnishings and lifestyle.

·Clean, fresh, and new smell.

·Attention to detail. Clean rooms and landscaping trimmed.

·Subtle background music, classical, light jazz, or rock.

·Interior décor and wall colors accent home’s architectural features.

·Live plants or fresh flowers add finishing touches.

6) Understand decorating basics that can guide you to repositioning a room.

·Color. A little goes a long way.

·Scale. Do furniture sizes complement or overwhelm a room?

·Pattern. Easy does it to avoid distracting from room itself.

·Lighting. Use it to define dark corners. Helps to fill out a room.

·Focal point. Fireplaces, views, art, find one in every room.

·Texture. Adds visual interest, warms cold spaces and finishes.

Understanding and completing the paperwork in a real estate transaction was number three of the most difficult tasks according to the NAR study. Once your home is priced right and ready for market you should retain a real estate attorney to help you review contracts, disclosure forms and to help you qualify potential buyers of your home. An experienced real estate attorney can help you avoid the common pitfalls in real estate negotiations and will facilitate a smooth transaction.

Here are some cliff-notes on real estate contracts.

·Use an approved real estate contract by your state real estate attorney association or local Board of Realtors®.

·Real estate contract. A binding agreement between buyer and seller. It consists of an offer and an acceptance as well as consideration (i.e. money).

·Acceptance. Agreement by the parties of the terms of a contract.

·Contract length. Research customary contract lengths, the standard is 45 days from contract to closing.

·Have sold comparables properties on hand for prospective buyers.

·Comparable. Closed prices for similar homes in age, condition, location and size.

·Price. Study average sold prices as a percentage of lists in the last six months.

·Low-ball offers. Buyers should offer over 87% of list if they are serious, otherwise you will should not responding at all to low-ball offers.

·Counteroffer(s). The response to an offer or a bid by the seller or buyer after the original offer or bid. Request all counteroffers to be in writing.

·Require all buyers to present the highest level of mortgage commitment with their contract.

·Mortgage Commitment. A document by a mortgage lender that commits the lender to providing a loan at agreed terms and conditions.

·Mortgage term, rate and amount. Look for strong down-payments of thwenty-percent or more. Interest-only loans signal that the buyers could be stretching to qualify for a loan.

·Cash offers in lieu of mortgage financing should be confirmed with a letter from your financial institution stating funds are on deposit to close the contract.

·Federal law requires Lead-Based Paint Hazard disclosures.

·Lead-Based Hazard. A disclosure of reports or knowledge of Lead-Based Hazards. Buildings built after 1978 do not present Lead-Based Hazards.

·Read Protect Your Family From Lead in Your Home by the US EPA.

·Real property disclosures required by the federal or your state Written statements by the seller(s) of a property disclosing any known defects.

·Local disclosures. Local requirements of disclosure that the seller provides and the buyer acknowledges, such as certificates of occupancy.

·W-9 form. An IRS form requesting taxpayer identification and certification numbers of buyers to receive interest on earnest money from delivery to closing.

·Subject to appraisal. Most contracts as part of the mortgage contingency require the subject property to appraise at a minimum of contract price.

·Appraisal. An objective third parties opinion of value by a licensed or certified appraiser.

·Earnest money deposit. Money given to the seller at the time the offer is made as a sign of the buyer’s good faith.

·Research customary earnest money deposits as they vary. The larger the deposit, the increased motivation you buyers show to perform the contract.

·Refund of earnest money deposits. Contracts should provide for refund of the entire earnest money deposit within agreed contingency periods. Seller’s attorney should hold earnest money deposits.

·Attorney approval period. Your attorney reviews and makes changes to the contract, typically 5-7 business days.

·Property inspection period. The right under a contract for the buyer at their expense to discover the actual condition of the property. This period typically runs 5-7 business days.

·Well and septic inspections. These are independent of structural and mechanical inspections.

·Timelines for contingencies run concurrently.

·Contingency. A provision in a contract requiring certain acts to be completed before the contract is binding.

·Closing/ escrow date. The date of the end of the transaction process where the deed is delivered, documents are signed, and funds are dispersed.

·Possession date. The date agreed by contract when the buyer can occupy the property.

·Final walk-through. A property tour before closing or escrow that permits the buyers one final verification of condition, agreed repairs and personal property.

·Tax pro-rations. The amount of credit given to buyers at closing for unpaid property taxes, when taxes are paid in arrears. Pro rations should always be more than 100 %.

·Personal property. List and initial all personal property included with the sale, such as air-conditioners, appliances, and playground equipment.

·Home sale contingency. The contract is contingent on the sales of the buyer’s property.

·Buyers show motivation when including a home sale contingency by having their current property already on market.

·Home closing contingency. The contract is contingent only on the successful closing of an existing real estate contract.

Marketing your home to prospective buyers should include these methods.

·A professionally painted yard sign.

·Newspaper advertisements classified and photo.

·Public and broker open houses.

·Internet: virtual tour and at least eight photos.

Tips to Find Home Insurance at an Affordable Price

Buying Home insurance can always be termed as a good decision since it gives you appropriate financial cover in the event of theft, damage, robbery, earthquake, storm, or more. However, many people do not think of it as a necessity and often avoid purchasing it so as to save their money.

Keeping in mind the benefits associated with home insurance, the price cannot be considered as the best comparison point. After all, it just doesn’t cover for your home but also for your belongings and gets you monetary aid even in the case when you’re liable for third party injury or property damage.

Though there are numerous factors that determine your policy rates, the most obvious ones include the location of your property, its age and construction type. Newer homes in areas are less prone to damage, natural disasters and crime, and are also cheaper to insure. This definitely is something that you can’t control, but there are certain other ways that can make you eligible to get cheap home insurance. Read on:

1. Shop Around: Like everything else, you need to shop around to find the cheap home insurance. Online websites and tools can help you a lot in finding the best policy. You can even compare two and more policies online to pick the most suitable one for you. Never assume that a certain insurance firm offers cheap home insurance that clicked for someone in your friends and family, for your needs and situation can be entirely different from theirs, and so the same policy may not be the best option for you.

2. Bundle your policy: Rather than buying a home insurance policy from a separate provider, consider bundling it with your existing insurance provider – for instance, home, car, and life – with the same company. This way you’ll get a discount for having multiple policies with the same company.

3. Don’t over insure: When it comes to buying a home insurance policy – homeowners try to get cover for anything and everything for obtaining optimum protection. However, it is advised to get coverage only for what you actually need. Also, try to get insured for how much it would cost to rebuild your home, not re-buy it. This is an important factor because market value considers the location of your home and value of your land. Your homeowners’ policy would not pay for any damage caused to your land.

4. Consider a higher deductible: You can opt to pay a higher deductible in order to pay off the entire insurance premium at the earliest. This will not only help you get better cover at the same price but will also let you get better rebates when filing your taxes.

5. Add safety features: Integrating safety features such as deadbolts, smoke detectors, fire extinguishers, etc. may get you good discounts on premium payment. If your home is located in a disaster-prone area, check on the special modifications you can make to further reduce your premium.

6. Check Your Credit Score: Poor credit scores not only affect your ability to get a loan but can also lay an impact on your insurance premium. Let’s say, if your credit score is low, you may have to pay a high premium value. Work towards bettering this score by making your payments on time and maintaining a good banking transaction record. This will in the course of time improve your credit score, which will lead to you needing to pay a lower premium in future.

All in all, opportunities to find the cheap home insurance are all around you. You must, for your part, take time out to find out the most suitable policy as per your need, which will enable you to save considerably more in future.