Archive for the 'Home Improvement' Category

Increasing Property Value to Sell

Amy March 24th, 2008

According to the National Association of Realtor’s, curb appeal sells 49% of all houses. The front of your property should be alluring enough so that a buyer and agent, driving by slowly, will actually want to stop his or her car, and get out to have a look. That is curb appeal.
Your property should also give the prospective buyer a feeling of confidence in the property. Risk is something that we all avoid when buying real estate. If the property looks like it needs improvement then that perception alone will introduce the idea of risk into the transaction. However, if the property is well cared for and has tasteful decor then the perception of risk is lessened. Simply, a nice house is worth more or will sell faster, given the market conditions.

img_0303.jpgIt’s important to understand the difference between price and value. Price is the amount you are asking for the property. Value is the buyer’s perception and can be influenced by location (it’s 2 miles from my office!), features, condition and most importantly, comparison to similar homes on the market. While you can’t control all of these factors, Real Estate Opinion Expert Paul Bianchina shares some tips that, when properly attended to, can have a positive impact on value and significantly increases your chance of attracting qualified buyers more willing to pay closer to the asking price, and have your home sell in less time than competing homes on your street or in your area that could be on the market for 6 months to a year.

Some tips to achieve a positive impact on value are:

  1. Perceived size impacts value, even more so than actual square footage. Open floor plans make a room feel bigger than larger spaces with smaller rooms. Showing property that is furniture free, or at reduced clutter, helps to make the space feel bigger.
  2. Vacancy increases sale-ability. Property is easier to show and easier to sell, and quicker to take possession of when it is vacant at the time it is offered for sale. Evidence of problems to take possession of the property — such as encroachments, or tenants who won’t allow buyer tours — negatively impact value. Vacancy also helps the buyer walk through the property imagining ownership. Sellers should remove personal trinkets and family pictures as well as being conveniently absent during a buyer tour.
  3. Cosmetics are important:
    • Fresh paint will always add more value than it costs.
    • Clean or new carpet/flooring adds more value than it costs.
    • Landscaping adds more value than it costs. At the very minimum, make the entrance area neat.
    • If you can, add some colorful flowers and new sod.
    • Staging your home with a professional is a great way to sell faster or for more money. Check out staging article and the difference it makes in totally vacant homes.
  4. Take care of the obvious! The spot on the ceiling from the roof leak takes thousands of dollars from the perceived value and the offer price.
  5. Condition affects value. Do a seller’s home inspection to identify and fix the problem BEFORE closing. No point holding up your check a few extra days; plus a failed buyer’s inspection could cost you the sale. Buyers will often bargain down your asking price to accommodate for property condition and repairs.
  6. If you can, remodel/update the kitchen and master bathroom. These two areas have a big impact on home buying decisions. For a few hundred dollars some cosmetic upgrades can truly make a difference in the buyers perception of your home.
  7. Strategic renovations impact value and your bottom line. Don’t spend more money to renovate the place than you can recapture in value on the sales price.
  8. The AmyBSells Team can help you spend the right money in the right places. Sellers are not getting back 100% on their upgrades and added features in this market, so we want to be sure you are doing the repairs that make a difference (not the ones that don’t matter) and get your home SOLD faster and for the most money!

31 Tips to Prepare Your Home FOR SALE!

Amy July 23rd, 2007

First Impressions are vital to your buyers, as they can just drive right by and never look inside, let’s talk about the exterior of your home and making
the best first impression:

1. Spruce up the font entrance. A coat of paint on the door; brass accents such as house numbers, a doorknob, and a kick plate all shine and make a spectacular first impression. Put potted flowering plants by the front door. Give shutters and front porch a flesh coat of paint. A window box full of flowers is an inexpensive way to add an accent of color to your home’s exterior. Pruned bushes and blooming plants can help your home make a good first impression. Don’t be afraid to use fake flowers like pansies and mums if you will not be able to keep the flowers vibrant and alive. Buy a new large doormat.

2. If you have a deck, patio, porch or other outdoor entertainment area such as a pool or hot tub, make the most of them. Keep these areas, as well as your backyard, clean and clutter-free; put debris in covered trashcans.

3. Install outdoor lighting that properly illuminates your entrances, walkways, and drive. Turn on all those outdoor lights when your home is being shown.

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Cincinnati Homearama 2007

Amy April 13th, 2007

The 2007 Annual Homearama is just around the corner in the Greater Cincinnati area. This years 47th Homearama will take place at The Vintage Club in the City of Montgomery, a development from Great Traditions Land & Development Company.

The Vintage Club is an exciting “village style,” pedestrian friendly, mixed use community with single family residential homes designed for the high-end move-up family, and empty nester buyer; and condos designed for professionals and empty-nesters. The community will be gated and feature the “Vintage Club” - a clubhouse amenity that will serve all homeowners with pool, exercise facilities and gathering room. Homearama 2007 - Vintage Club

The annual Homearama event allows local Cincinnatians to tour homes with the most unique floor plans, decorating ideas, landscaping and furniture. Every year my clients gain great insight, examples and ideas for what they can create in their own homes to add value and style. Many of the ideas they garner from this annual event have proven to add to the value of their homes in Hyde Park and other areas of Cincinnati.

“It occurred to me after visiting last year’s Homearama how much simple window treatments add to the look and feel of a home. To me it added a level of sophistication and value that I wanted to create in my own home. Just this year I sold that home with Amy Broghamer, REMAX Unlimited and I do feel that those window treatments added to the value of our executive level home. Thanks for the tickets to last year’s show Amy, we always tell our friends and colleagues about what a great job you did selling our home.” Hyde Park Resident.

The Homearama show runs from June 9th to June 24th, General Admission is $12.00.
If you sign up for Amy’s Blog subscription you can receive 2 free tickets to this year’s Homearama:

If you are a part of the Referral Appreciation Program of Amy’s you can also receive 2 free tickets to Homearama, compliments of your trusted Real Estate Consultant, Amy Broghamer. If you have a referral to send Amy’s way, you can do so before May 15, and you will be eligible to get the 2 free tickets as well.

The deadline for the tickets is May 15th. Please email me with your current address If I did not sell you your current home! You may also call me at 513-377-3637.

Again thank you all for your interest in Homearama 2007! It is a great way to know more about Real Estate and its related improvements and features.

Grounded vs. Non-Grounded Outlets

Mike March 6th, 2007

As I go about representing my buyers as an ABR, I find the same topics surfacing each time my clients go through a Whole House Inspection. The issue of the grounded and not grounded outlets. What does it mean, what are they used for, and what happens if they aren’t grounded. After weeks of begging for simple answers to this question, I give you my trusted Licensed Whole House Inspectors response…

Amy,
In response to your questions pertaining to receptacles commonly found in residential homes I will start with the basics of the old and the new. First, though I would like to identify that I am a licensed home inspector, however for any electrical work and advice on electrical systems I recommend my customers consult with a licensed electrician as needed.

Homes built prior to the early 1960’s were most commonly wired with a two-wire system, absent of the modern third wire being an equipment ground wire. The first requirement for grounded receptacles in residential construction dates back to 1951 when the NEC® (National Electrical Code) required laundry areas to have grounded receptacles. Devices and locations have been added to this requirement until the grounded system is a requirement throughout a modern residential home.

  • Electrical devices that can be used with non grounded receptacles are: lamps, radios, power adapters, toasters, vacuum cleaners and any item that the cord does not have the round third prong.
  • Electrical devices that require a grounded receptacle (equipment ground) are: high-end appliances, computers, TV’s, stereo equipment, power tools, surge protector strips and any other electrical device with the cord having the third prong.

Adapters are available that allow for a device using a three prong/ground to be utilized in a two slot receptacle. The adapters are inserted into a two-prong receptacle and then the adapter spade is secured to the receptacle with the center screw of the cover plate. For these adapters to be functional, the grounding of the receptacle body and box is required.

Homes prior to the 1960’s that have not been updated will most commonly have two slot receptacles. Most homes that were built prior to the 1960’s have gone through
some form or another of modernizing/upgrading the electrical system within the home.
Non-grounded outlet
A non-grounded Outlet

The most common is the replacement of the two slot receptacles with the three prong (grounded) receptacles. When the installation of the grounded receptacle is correct,
the receptacle provides an equipment ground utilizing the round hoe in the receptacle. Incorrectly installed the ground is not present commonly referred to as an open ground. This will not provide an equipment ground and high-end equipment/computers/TV’s should not be used on this receptacle with an open ground.

In the event that a high-end device such as a computer plugged into an ungrounded receptacle, the performance of the device may never be affected or problems detected. However the device can be damaged without warning at any time from static electricity that has no way of being discharged as well as another source of voltage coming in contact (lightning could be one). This can originate from various sources internal as well as external of the device. The idea of the ground is to trip the breaker preventing damage to the device or electrical shock to the user. If the device is not properly grounded, and any of a number of events occurs, the device may be damaged beyond economical repair. I have found in a few warranties stating that a device used with a non-grounded receptacle is not covered under the manufacturers warranty; this is for the same reasons as previously identified.

A surge protector used at a non-grounded receptacle is a glorified extension cord, and provides no additional protection, only a false sense of protection. Using an adapter with the metal spade secured under the faceplate screw is not a ground unless you check it for grounding and grounding is confirmed. Most sources do not suggest these adapters to be “permanently� installed as a solution to grounding. Again, these devices if not properly grounded can provide the user with a false since of grounding.

In older homes open grounds are quite commonly found, this is due to the original wiring systems not being upgraded to a three wire system or only selective areas being upgraded. The methods of grounding these receptacles vary greatly dependent on the period when they were installed or upgraded.
A grounded outlet
A grounded Outlet.
When three prong receptacles with open grounds are identified and a two-wire system is present, the NEC® currently allows the following methods to be used to resolve the problem:

  • Install an equipment ground. (recommended for high end equipment, see previous comments)
  • Provide GFCI protection for the receptacle (either at the receptacle or upstream of the receptacle) the receptacles are to be marked “no equipment groundâ€?. This method does not provide an equipment ground.
  • Replace the existing three-hole receptacle with a two-hole non-grounded receptacle.

Polarized plugs have two different sized slots, the neutral is the larger slot, this allows for a device to be plugged in, in only one manner insuring correct polarity. Reversed polarity is when the common and hot wire is reversed on the receptacle; when this occurs the large blade receptacle is now hot rather than neutral (this applies to both grounded and non grounded systems). As an example a lamp is plugged in with the polarity reversed, the exterior metal light bulb socket is “hot� at all times. In this instance when changing the bulb or touching the exterior of the socket the individual can be shocked. Reverse polarity is a safety issue and can cause problems with high-end appliances.

Reversed polarity is usually simple to repair. Quite often, if multiple receptacles check for reverse polarity it is not uncommon for only one wiring termination to be incorrect. However this can not be determined without further investigation.

Ground Fault Circuit Interrupters (GFCI’s) are intended to protect the individuals using an electrical device particularly in a wet area. GFCI’s are available as circuit breakers located within a service panel and as a receptacle. Most home owners are familiar with these as the receptacle with the little buttons (test and reset buttons) that seem to always trip when using the hair dryer.
GFCI Outlet
GFCI Outlet.
The GFCI provides protection to the user and is tripped by sensing current leak/imbalance in turn shutting of the power to the electrical device. The GFCI does not trip by detection of amperage like a circuit breaker, and in tern, a standard breaker does not trip under the same circumstances that a GFCI will trip.

GFCI’s are a safety item and provides protection from electrical shock and potential electrocution. The GFCI’s are intended to be tested by the homeowner once a month to insure function. GFCI’s can be installed on both a two wire system without a ground and a three wire system.

GFCI’s are required by the NEC© in various areas, the following is a general list (not complete) of when and where: 1971 exterior receptacles and swimming pool areas, 1975 Bathrooms, 1978 garages, 1981 whirlpools and tubs, 1987 kitchens within 6’ of the sink and basements, 1990 unfinished basements and crawl spaces, 1993 wet bars sinks, 1996 all kitchen counter receptacles, dedicated bathroom circuits, all outdoor receptacles, electric car chargers.

In the event that a GFCI does not function properly, the GFCI should be repaired for safety. In older homes where GFCI’s are not present, I recommend that GFCI’s be installed for safety, this would normally be considered an improvement to the property.

A three-bulb receptacle tester is most commonly used during a home inspection to determine if receptacles are wired properly. This device is readily available at most hardware stores and can be used by a homeowner normally. The use of this device alone is not a replacement of the services of a qualified electrician.

Michael Patton is a Licensed Home Inspector and the owner operator of AA Home Inspection LLC located in Northern Kentucky. Michael is licensed in Kentucky and Indiana and qualified to perform inspections in Ohio (Ohio does not have a licensing requirement). Michael is the current President of the Kentucky Real Estate Inspectors Association Inc. (KREIA) and an active member of the American Society of Home Inspectors (ASHI). Michael started AA Home Inspection LLC in 2001, prior to this Michael had worked for firms providing a wide range of services including design, construction, and project management. Michael’s services include Residential Home Inspections, Light Commercial Inspections, WDI/Termite Inspections, and Radon Testing. The Greater Cincinnati area provides a wide variety of inspections; from the million dollar properties to the fixer upper homes, new construction to homes well over one hundred years old and clients from the well established to the first time homebuyers.

www.AAHomeInspection.net