Category Archives: Seller Information

Know How the Sq Ft Were Measured

Measuring the home“It is amazing all the misunderstandings that occur when buyers are comparing homes on the internet.  You wouldn’t think that comparing the size of two homes would be a difficult task.  They have the Square Footage in the listing, right? However, there are several things to be aware of when reading those listing to make sure you are interpreting the numbers correctly.”

Denise Buck & Ed Johnson – DC Metro Realty Team

In an attempt to compare homes, one of the common denominators has been price per square foot. It seems like a fairly, straight forward method but there are differences in the way homes are measured.

The first assumption that has to be made is that the comparable homes are similar in size, location, condition and amenities. Obviously, a variance in any of these things affects the price per square foot which will not give you a fair comparison.

The second critical area is that the square footage is correct. The three most common sources for the square footage are from the builder or original plans, an appraisal or the tax assessor. The problem is that none of sources are infallible and errors can always be made.

Still another issue that causes confusion is what is included in measuring square footage. It is commonly accepted to measure the outside of the dwelling but then, do you include porches and patios? Do you give any value for the garage, storage or other areas that are not covered by air-conditioning?

Then, there’s the subject of basements. Many local areas don’t include anything below the grade in the square footage calculation but almost everyone agrees that the finish of the basement area could add significant value to the property.

Accurate square footage matters because it is used to value homes that both buyers and sellers base their decisions upon.

Let’s say that an appraiser measures a home with 2,800 square feet and values it at $275,000 making the price per square foot to be $98.21. If the assessor reports there are 2,650 square feet in the dwelling and the owner believes based on the builder, there is 2,975 square feet, you can see the challenge.

If the property sold for the $275,000, based on the assessor’s measurements, it sold for $103.77 per square foot and by the owner’s measurements, it sold for $92.44 per square foot. Depending on which price per square foot was used for a comparable, valuing another property with similar square footage could have a $30,000 difference.

The solution to the dilemma is to dig a little deeper into where the numbers come from and not to take the square footage at “face value”. It is important to recognize that there are differences in the way square footage is handled.

Factors that Influence Your Home’s Value

ForSale“Often times, Sellers will wonder why their home isn’t selling as fast as the one down the street did.  Sometimes it’s just timing…the right buyer was looking at the right time and found the perfect home.  The following article identifies the key factors. But at the end of the day pricing it too high will completely negate all of the items below, so be sure to let us help you price it right to begin to begin with.”

Denise Buck & Ed Johnson – DC Metro Realty Team

While home sellers hope to get top dollar for their property – and some have an inflated idea of what to expect – establishing a home’s value can be a complex, multifaceted process. Do home renovations really pay off? And which is more valuable: a three-bedroom or a four-bedroom with the same square footage? We talked to real estate insiders to find out.  

1. Location. The classic real estate refrain says, “location, location, location.” Location includes factors such as the price of recent nearby transactions, the quality of local schools and whether the area has a strong sense of community. “Buyers increasingly value community in the community where they’re buying,” says Amy Anderson, an agent with Davidson Realty, Inc. in St. Augustine, Florida. “They come to me not looking for a house for four years, but focusing much more on the community, the activities and the school district.”

As Americans scale back their dependence on automobiles, some homebuyers seek out communities that don’t require cars to get around. One resource is WalkScore.com, which rates neighborhoods throughout the U.S. based on access to public transit and proximity to grocery stores, parks and more.” I think walkability has become more important in many markets, especially amongst millennials,” says Ken Wilson, president of the Appraisal Institute, a professional association for real estate appraisers, and founder of Wilson Realty Advisors in Dallas. “You’re also finding empty nesters that are looking into properties that have walkability.”

But as Zillow.com chief economist Stan Humphries points out, location encompasses many other considerations. “Does it have a view? Is it a waterfront home?” he asks. “What’s it next to? Is it near retail establishments? Or a highway?”

2. Size and layout. While homebuyers used to swoon over ample square footage, many have fallen out of love with the McMansion. “I think people realize when they buy a 3,300-square-foot house, they’re not getting what they thought they were,” Anderson says. “There’s more upkeep and a lot more involved with taking care of these huge houses.”

Layout is a key factor because an open-concept design can look much more spacious than a boxy space of the same size. The number of bedrooms also influences a home’s value, so think twice before putting up a wall and subdividing one room into two. “Adding a bedroom will take away value,” Humphries says. “Fewer but larger bedrooms tend to boost value.”

3. Age and condition. Historic homes (assuming they’re livable and well-maintained) and new homes are typically more valuable than homes built somewhere in the middle. “Generally, as a home gets older, it becomes less valuable,” Humphries says. “Then there’s a U-shape where, at some point, homes become so old that they have historical significance. A home that’s built in 1910 is probably more valuable than one built in 1970.”

Age aside, condition matters too. “Someone will pay $15,000 more for a well-kept house that’s move-in ready than they will for a house that needs $5,000 worth of work,” Anderson says.

4. Upgrades. Renovations play into a home’s value, but if your home is considered “over improved” compared with other properties in the neighborhood, it can actually hurt the property’s value. “You want it to be common for the neighborhood or subdivision,” Wilson says. “It wouldn’t hurt to visit neighbors’ homes or visit a home via an open house to see what people are marketing [before undertaking big improvements].” You could also hire an appraiser to prepare a feasibility analysis that will help you determine the impact of renovations on your home’s value.

Unless you live in an area where granite countertops and built-in wine fridges are the norm, Humphries says you might be better off saving the money and choosing more basic finishes. “It’s harder to recoup [your investment] if you guild the lily, if you will, on granite this and chrome that in your kitchen,” he says. “You’re spending a lot of money on something that might have a lot of personal taste attached to it.”

However, you should keep records of repairs and upgrades to show potential buyers that the home has been well-maintained.

5. Negative events. If your property has issues like mold or experienced a fire or was the site of a violent crime, it could be a harder sell – and command a lower price. “Nowadays, people are very concerned if there was a fire, prior mold damage or even if there were some sort of death or crime at the property,” Wilson says. Federal law requires the disclosure of all known lead-based paints, but state laws vary in whether the seller must disclose issues related to natural disasters or crimes committed on the property.

The appeared on Yahoo Homes and was from US News & World Reports

7 Biggest Mistakes Made with Area Rugs

ARea RugsIt’s such a small thing, but it can make such a big impact.  Do it right and it adds just the right touch to a room.  Do it wrong and it sticks out and takes away from the room.  Just following a few simple tips might make the difference in your room.”

Denise Buck & Ed Johnson – DC Metro Realty Team

1. Choosing a rug that’s too small
Skimp on size, and your room will look smaller. “You need your rug to set boundaries, and ground your furniture,” says interior designer Danielle Oakey. “In a living room, your rug defines the conversation area, and it should be large enough so at least the front legs of the furniture are on it.”

“In the bedroom, you want to feel the rug on your feet when you get out of bed,” says interior designer Amber Lewis. “I like two feet to extend beyond the bed on each side.”

2. Not trying layering
Why do people often choose a too-small rug? Tinier rug = tinier price. “We’re the layering queens,” says Lewis, about her design team. “Buy a neutral jute rug — which cleans up really well, even if you have stain-prone kids or pets — and place your patterned rug over it.”

3. Leaving your wall-to-wall carpeting bare
“Don’t be afraid to layer an area rug over carpet,” says Oakey. “It adds playfulness, and pulls together your room with the boundaries it needs.”

4. Choosing your rug last
If you’re decorating your room from scratch, choose the rug first. It’s the big, impactful piece that ties a room together, and if you wait until you’ve placed the final throw pillow, you could search for months before the perfect rug come around. (Though, you could go with something neutral until the rug gods grant you a better choice).

“When we’re designing room, we’ll choose the rug and then throw pillows, textiles for curtains, and more on the floor with it, and pick whatever goes with the rug best,” says Lewis.

5. Being afraid of pattern
Some contrast (read: a cute print) is necessary to create a happy space. “Brown walls, a brown couch, and a brown rug will make a room look flat and bland,” says Oakey.

6. Skipping the rug pad
A rug pad dispels slipping and sliding, and adds a layer of comfort underfoot — especially to a flat weave rug. “Rug tape is useless,” says Lewis. “It doesn’t work, and will ruin your hardwood floors with its stickiness.”

7. Missing out on a discount
“If you’re looking for a great price on unique, vintage rug, like a Persian one or Turkish kilim, try eBay,” says Oakey. “Same is true with Etsy — thrift stores often post there. I also like RugsUSA. They have a huge selection and always run sales.”

By Lauren Piro on Yahoo! Shine

5 Ways to Improve Your Homes Curb Appeal

Curb Appeal“Nothing Quite sets the tone like good Curb Appeal when you are preparing to sell your home.  This is one of the first things we work on with our Sellers.  It’s all about getting that good first impression.  Through a Buyers eyes, if you can’t take care of the exterior, how could you take care of the interior?”

 

DC Metro Realty Team – Denise Buck & Ed Johnson

House hunting is a little like speed dating. You only get a few minutes to make a great impression. That’s why curb appeal is so important.

“When potential buyers pull up to your house, they’re asking themselves: Is this place worth getting out of the car to look at?” says Kevin Kieffer, a real estate agent based in California’s East Bay area. “Your house needs to be framed up: It needs to look like a picture when people pull up. They expect to see tasteful paint colors, well-trimmed grass, new bark, fresh flowers — the whole deal.”

Real estate agents participating in Zillow’s 2014 Home-Selling Season Survey identified curb appeal as a key way to make a property more attractive to buyers. Kieffer says that, while it’s hard to quantify return on investment, curb appeal is the best way to get quick action and top dollar for your property.

“In a market like ours, if people can see that a property is turn-key and they’re not going to have to spend time resodding or painting, you’re more likely to get more interest,” he said. “If you end up with a multiple-offer situation, it’s typical for the price to go up by 3 percent per bidder — that can add up to $10,000 over asking price really quickly.”

The great news is that you don’t have to spend a lot to make big changes to your home’s exterior appearance. Start the makeover by cutting the grass, power washing the porch and walkway, and getting rid of clutter. Then, tackle one or all five of these perk-up projects to enhance your home’s curb appeal.

Hardware redo

 

Hardware

 

House numbers, a wall-mounted mailbox and a porch light can add interest to your home’s exterior — unless they’re dated or dinged up. Ideally, all this hardware should match, both in style and finish. You’ll also want to choose hardware that coordinates with the style of your home. Sleek, brushed nickel house numbers, for instance, might look great on a contemporary home, but they’d probably be out of place on a log cabin.

Add a splash of color

 

Red front door

 

You can buy a gallon of quality exterior paint for about $25. That should be enough to add new color to — or simple freshen up — your front door, shutters and trim. Don’t be afraid of bold colors; just make sure they complement the other shades on your house and in your landscape. Of course, if the rest of the house is peeling, you may need to outlay more cash and paint the whole thing — or, at the very least, the side that faces the street.

Go green

 

Plants and flowers

 

Plant some flowers along your front walkway or add planters by your front door to give your home a welcoming feel. You can purchase pre-planted containers from your local garden center or create your own with your favorite plants. Window boxes are another great way to add color and interest to your home’s exterior. Just be sure you tend to your flowers after you plant them. Dying geraniums will not enhance your curb appeal.

Manicure trees and shrubs

 

Manicured landscape

 

Your house may be gorgeous, but that won’t matter if no one can see it. When your home’s best features are obscured by overgrown branches and shrubs, it can make the house seem uninviting and unkempt. In addition to looking unappealing, trees that rub against your house can damage your siding and provide a direct pathway for squirrels and other rodents that want to get onto your roof or under your siding. Tame bushes and branches or hire someone to do the job for you.

Bring the indoors out

 

Front porch seating area

 

If your outdoor space allows it, add a comfortable place to sit. Use an outdoor rug to visually anchor a seating area and then add a loveseat or chair and small table. Colorful cushions and pillows in outdoor fabrics will add punch to the space; select cushions with removable covers so you can wash them or swap them out as seasons change. Choose all-weather art to add the finishing touches to your outdoor space. If you already have outdoor furniture, make sure it’s clean and cared for. Create a setting that’s so attractive prospective buyers can’t resist it.

Photos courtesy of Zillow Digs

Investment Property Exchanges Save $’s

Exchange 1031“Many of our clients become landlords by renting out their 1st home when buying a new one.  The following article provides some information on benefits of using a Section 1031 when buying and selling your rental or investment properties.”

DC Metro Realty Team – Denise Buck & Ed Johnson

 

Section 1031 exchange for rental and investment real estate is a tool that allows investors to move the gain from one property to another without immediate income tax consequences.

An instant benefit is to postpone the tax due which gives the investor a larger amount of proceeds to invest. In the example shown, the investor has 21% more proceeds to invest and grow over time than if he had paid the taxes due instead of exchanging.

A legitimate long-term goal might be to make qualified exchanges from one property to another until the investor dies. The heirs would then receive a stepped-up basis on the property based on the market value at the time of the decedent’s death and possibly avoiding taxes altogether.

There are specific requirements to be met in order for the exchange to qualify. For more information on exchanges, see IRS publication 544. In addition to enlisting the services of a real estate professional familiar with investment property, seek the help of Qualified Intermediary to facilitate the intricacies of the exchange. Your real estate agent can help you locate one.

 

Be sure to Deduct the Points you Paid

Deductibility“Always remember to take the proper deductions on your taxes when you have bought or refinanced your home.”

DC Metro Realty Team – Denise Buck & Ed Johnson

Prepaid interest, sometimes called “points”, is generally tax deductible when a person pays them in connection with buying, building or improving their principal residence. When points are paid on a refinance, they are not a current deduction but have to be taken prorata over the life of the mortgage.

For instance, if $3,000 in points were paid on refinancing a 30 year mortgage, a deduction of $100 per year is allowed. When the loan is paid off or replaced by refinancing again or the home is sold and the mortgage paid off from the proceeds, the balance of any un-deducted points may be taken in that tax year.

Your tax professional needs to be made aware of any of these situations so that he or she can accurately reflect the deductions in your return. Currently, the most common situation is homeowners may be refinancing their home for the second, third or even, fourth time. If there are points that have not been completely deducted, they need to be treated in the year of refinancing.

For more information, see points in IRS Publication 936; there is a section on Refinancing in this publication. For advice considering your specific situation, contact your tax professional.

Home Improvements that Pay Off!

Which_Home_Improvements_Actually_Pay-a1cba2cdd2f82e9613e30166ddafd7a7“Quite often, as our clients are contemplating a Home Improvement project they will consult us to make sure they are going to get their money back.  This is especially true for those who are thinking of Selling, but realize that they have not done any upgrades since they bought the house 10, 15 or more years ago.  Here are some very revealing numbers to consider before you start that next big project.”

 

DC Metro Realty Team – Denise Buck & Ed Johnson

Even the most valuable remodeling projects don’t completely recoup the cost, according to Remodeling Magazine’s annual cost vs. value report. The project with the highest return on investment — installing a steel door — only recoups 97 percent of its cost. That wasn’t always the case. In 2009, steel doors had an ROI of 125 percent. But in 2011, it fell to 73 percent.

These huge swings are due to fluctuations in home prices — and when home prices dropped, so did ROI on remodeling projects. But now that home prices are rising and construction costs are relatively stable, homeowners can expect to see these projects pay off. Here’s what you can expect to pay — and recoup — from some of the most common remodeling projects, from a minor kitchen redo to a two-story addition.

Minor Kitchen Remodel

 

Businesswoman-getting-glass-off-shelf_web

 

Average national cost: $18,856
ROI: 82.7 percent

While any kitchen remodel will add some value to your home, less is more when it comes to ROI. If you’re remodeling on a budget, focus on a few key areas: Replace dated appliances with more modern, stainless steel models; replace aging countertops with sturdier materials that you can afford; replace cabinet hardware (but leave the boxes in place); and apply a fresh coat of paint or add a new backsplash.

Major Kitchen Remodel

 

Interior-kitchen_web

 

Average national cost: $54,909
ROI: 74.2 percent

Any real estate agent will tell you to invest your time and money in the kitchen if you want to add value to your home. Why? Because kitchens make a big impression — and home buyers want them to be modern, functional and well-maintained. The average cost of a major kitchen remodel is high, but includes a complete gutting — from cabinets to appliances to flooring and replacing them with modern mid-range materials.

Be careful not to go too far with kitchen remodels. Unless you’re living in a high-end, luxury home, you shouldn’t have high-end, luxury appliances (like a top-of-the-line Sub-Zero fridge, for example) or personalized gadgets — they won’t matter to your targeted buyer or add value to your home.

Bathroom Remodel

 

Contemporary-bathroom_web

 

Average national cost: $16,128
ROI: 72.5 percent

Second to the kitchen, a modern bathroom is high on many home buyers’ wish lists. The average cost of a bathroom remodel includes replacing a porcelain-on-steel tub, shower head, toilet, sink, vanity, as well as floor and wall tiles. But you don’t have to do all that to boost your home’s value. To get the biggest bang for your buck, keep the tub, toilet and sink and focus on replacing the vanity surface with solid material (think: granite, quartz, marble), installing better faucets and a shower head and updating tiles around the shower. These surface additions are more visible and reflect taste prospective buyers will appreciate.

Basement Remodel

 

Finished-white-basement-in-house_web

 

Average national cost: $62,834
ROI: 77.6 percent

There’s a reason you see “finished basement” advertised in so many home listings — it’s an attractive feature. To get the full value out of your remodel, you want the basement to provide space for entertaining your family or guests. It should be big (and finished) enough to be a truly useful space. The average cost of a basement remodel includes adding a bathroom with a glass shower, a 20×30 foot entertaining area with a wet bar, insulated walls and laminate flooring. However, keep in mind that below-grade rooms like basements don’t add as much value as above-grade rooms, like an attic conversion.

Attic Conversion

 

Modern-and-warm-attic-bedroom_web

 

Average national cost: $49,438
ROI: 84.3 percent

Converting your attic into a livable space accomplishes two things that add value: It adds square footage and a bedroom without increasing the footprint of the home. By adding that extra space, particularly a bedroom, you’ve moved your home into a new category — a four bedroom instead of a three bedroom, for example — and that’s guaranteed added value. Remodeling Magazine’s average cost includes a bathroom, which does add value, but can be cost-prohibitive in some attics.

Two-Story Addition

 

Children-running-up-stairs-after-school_web

 

Average national cost: $155,365
ROI: 71.8 percent

Adding on space — specifically a family room, bedroom and bathroom — will always add value to your house, but it’s hard to completely recoup such a high cost. However, when adding onto a home, you’re probably thinking more about creating more space for yourself than the next owner, which to many people may be worth the money.

Deck

 

Beautiful-wooden-back-deck_web

 

Average national cost: $9,539 for wood, $15,437 for composite
ROI: 87.4 percent for wood, 74.3 percent for composite

Outdoor living spaces are becoming more popular, and that means buyers are willing to shell out more money for homes that have these outdoor entertainment spaces. While wood decks add more value and cost less, they typically come with more maintenance costs (like staining) over time to maintain the wood.

Ilyce Glink is an award-winning author, columnist, radio talk show host and blogger who specializes in real estate and personal finance. Her articles appear on Yahoo, AOL, CBS News, and numerous blogs. Find her online at ThinkGlink.com.

Should I Rent My House If I Can’t Sell It?

Home-For-Rent“It’s not uncommon for people decide to keep their current home and rent it out, when they decide to buy a new home.  But is that the right decision for you?  There are many factors to consider first.  Here are 10 things to think about before you take the plunge into becoming a landlord.”

 

DC Metro Realty Team – Denise Buck & Ed Johnson

A recent study has concluded that 39% of buyers prefer to rent out their last residence rather than sell it when purchasing their next home.

The study cites that many homeowners were able to refinance and “locked in a very low mortgage rate in recent years. That low rate, combined with a strong rental market, means they can charge more in rent than they pay in mortgage each month, so they are going for it.”

This logic makes sense in some cases. We believe strongly that residential real estate is a great investment right now. However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for. Are you ready to be a landlord?

Before renting your home, you should answer the following questions to make sure this is the right course of action for you and your family.

10 Questions to Ask BEFORE Renting Your Home

1) How will you respond if your tenant says they can’t afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).

2) Because of the economy, many homeowners can no longer make their mortgage payment. What percent of tenants do you think can no longer afford to pay their rent?

3) Have you interviewed a few experienced eviction attorneys in case a challenge does arise?

4) Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?

5) Will you allow pets? Cats? Dogs? How big a dog?

6) How will you actually collect the rent? By mail? In person?

7) Repairs are part of being a landlord. Who will take tenant calls when necessary repairs arise?

8) Do you have a list of craftspeople readily available to handle these repairs?

9) How often will you do a physical inspection of the property?

10) Will you alert your current neighbors that you are renting the house?

Bottom Line

Again, renting out residential real estate historically is a great investment. However, it is not without its challenges. Make sure you have decided to rent the house because you want to be an investor, not because you are hoping to get a few extra dollars by postponing a sale.

This article originally posted by Keeping Current Matters. Read more articles like this at www.KCMblog.com.

How to Price Real Estate

1963-Chevrolet-Corvette“Pricing your home properly to start with is critical to generating Buyer interest.  A home that is priced initially at Market Value will bring in more offers faster than an over priced home, and will usually sell  for more in the end.”

 

 

DC Metro Realty Team – Denise Buck & Ed Johnson

Location may have the most effect on value but Price is without question the most important factor controlling the sale of real estate. Anything will sell anytime, how long will it take depends on the price.

Think about it this way – you may really want to buy a car for your collection and your favorite happens to be a 1963 Corvette. So you hear about one for sale, in mint condition, across town but the only problem is the price, the owner is asking $150,000! Well, although you really, really want a mint condition 1963 Corvette, there is no way you will pay anywhere close to $150,000, in fact you know that the most a 1963 Corvette has ever sold for is about $200,000 and that was for a very rare model, which this one is not.

Because you are a bit obsessed with owning one of these cars you spend almost all of your free time, and some of the time you should be working, searching the internet for available cars. Through this exhaustive search you have become somewhat of an expert on the values of 1963 Corvettes, especially in your town. You happen to know that the particular model for sale across town is worth about $95,000…maybe $100,000. In fact, if the asking price was $100,000 or even $110,000 you would’ve driven over there today with your checkbook and driven home in a 1963 Corvette!

So why don’t you go make an offer? Well, let’s face it when you see a price that is so high compared to the actual value it makes you think that the seller is either difficult to deal with and is out of touch with reality or that he must not really want to sell the car, instead he is just fishing for the one fool in the world that will pay $150,000 for a car that is worth $95,000. So you don’t even go look at it or call for more information…you just keep searching the various websites to find the car of your dreams.

Yes, you guessed it the Corvette in this example actually represents your home or other real estate you might be trying to sell. (in fact it represents any item that can be bought and sold).

Wiggle room = Bad idea

Most sellers think that it is necessary to “leave a little wiggle room” in the price. They think this because they think that all buyers will make aggressively low offers…no matter what the asking price. WRONG!!

Buyers pay the fair market value …in other words they will pay you what it is worth! Your job is to find out what it is worth and price it at or near that value.

This is where brokers and/or appraisers come into the picture. The right way to price your property is to have a professional REALTOR/broker or appraiser prepare a CMA (Comparative Market Analysis) on your property. A CMA involves finding recent sales of similar properties, adjusting for any differences, to arrive at a current market value of your property. Once you have this value you should have your broker set the asking price no more than 3% to 5% higher than that current market value.

If you do this, your property will sell quickly for a price equal to exactly what it is worth, or higher! Buyers as a general rule DO NOT make “low-ball” offers, there are some rare occasions when that happens but the vast majority of initial offers are 5% or less below asking price.

If sellers price their property correctly the buyers will know it immediately because, just like in the Corvette example, buyers spend every spare moment searching the internet for a home, they have made themselves experts on the market value of the particular type of home in the particular area they desire. For this reason the buyer also knows when a property is overpriced. Most buyers will not even go look at a property that is overpriced, they say to themselves “why bother?” they assume that the seller is unreasonable and/or is not truly interested in selling the property.

Yesterday, the Buyer’s Specialist that works for my team and I were showing a house to some buyers who were very motivated had already decided on the neighborhood. The house was well within their price range and met every one of their criteria. As we stood in the kitchen discussing what price we should offer we found ourselves drawn to the fact that the house had been on and off of the market for the last four years!

The conversation immediately turned to “what is wrong with this house?” It turns out that the house hasn’t sold because it was severely overpriced most of that 4 years, it happens to be well priced now but the stigma it carries because of the lengthy time on the market will likely result in it selling for less than it is really worth.

Moral of this whole story is – buyers will pay what it is worth – Seller’s job is to find out what it is worth and set the asking price 3%-5% higher than that number…then sit and wait for the offers to roll in.

This article originally posted by Keeping Current Matters. Read more articles like this at www.KCMblog.com.

15 Painting Mistakes to Avoid in Your Home

Painting Tips“There is not a cheaper way to transform a room, and give it a different feeling than changing the paint color.  When done right, everyone notices the difference.  The only problem is that when done wrong, everyone notices as well.  Following these simple tips and tricks, your new painting project will be noticed for the ‘Right’ reasons.”

 

DC Metro Realty Team – Denise Buck & Ed Johnson

Taking on your next painting project? For a flawless finish, avoid these painting mistakes.


1. Skipping the Tape

Do you have the skills to get straight lines around the woodwork, windowsills and doorframes? Grab the painter’s tape and get the nice, clean edges you want.

2. Painting Without Primer
Primer gives paint a good surface to adhere to and brings out the true color of the shade you’ve chosen. Going without it can lead to poor results.

3. Impatience
You took the time to fix every imperfection with patching compound. Wait. Make sure it’s completely dry before you sand and prime. Otherwise, all that patching was a waste of time.

4. Paint Buildup on Pad Edge
When using edge pads around ceiling edges and corners, make sure to wipe off excess paint frequently to avoid marking the surface.

5. Brushing When You Should be Rolling
For a large interior area, a roller will do a better job in less time. Select the right nap roller for your sheen of paint and try to avoid pushing the roller into the wall when you paint.

6. Underestimating How Much Paint Needed
The pros say you need one gallon for every 400 square feet. Plan ahead and you can avoid running back and forth to the store with a paint swatch in your hand.

7. Assuming Walls are Clean
Paint looks much better when it has a good, clean surface to stick to. Wash your walls before painting and get professional results you can be proud of.

8. Painting When the Humidity is High

When the air is full of moisture, water-based paint takes longer to dry. If the weather winds up more humid than expected, take the day off and wait for a dry day.

9. Skipping the Surface Prep

Your new paint won’t stick to glossy, dirty walls that are in bad condition. Take the time to prep, or you’re bound to have problems down the road.

10. Paintbrush Abuse

When using latex paint, wet your brush bristles with water and shake the brush dry before you dip it in the paint. The brush will hold more paint and deliver better results.

11. Buying Any Paintbrush
When you’re choosing paintbrushes to use with latex-based paint, nylon/polyester blends produce the best results. Turns out polyester is good for something besides sport shirts.

12. Painting with Furniture in the Room
Getting paint off your furniture is a lot of work. If you can’t move it out of the room, at least make sure it’s completely covered with a drop cloth.

13. Failure to Protect the Floor
Paint has the amazing ability to go all the places you’d least expect it to. Before you pop the can open, make sure you have a drop cloth over everything and the edges are taped.

14. Polka-Dot Doorknobs
Unless you like the look of splattered paint, we recommend that you slip plastic bags over your doorknobs and tape the edge to avoid unsightly paint splatter.

15. Painting the Wall Plates
Want professional-looking results? Take five minutes to remove the wall plates and tape around your light switches and electrical outlets.

-From DIYNetwork.com