If there is one thing that can turn a potential client away from a home they may be on the fence about, it is a tiny master closet. When a potential buyer falls in love with your large bedroom only to find that the closet is a fraction of the size they expected it to be, it could make them want to keep looking at other houses on the market. While that may not be the case for everyone, there are plenty of women (and men) who enjoy having a nice closet space. While you may not be able to expand the square footage, here are some steps you can take to make that small closet look bigger and more appealing to potential buyers!
1. Marie Kondo your closet
The KonMari method is all the rage today so many people are cleaning out their closets - and the rest of their homes - in an attempt to live a little more like a minimalist. With this movement being so popular, many people searching for new homes might be even more aware of clutter, especially in small spaces. Declutter your closet and donate anything that doesn’t “spark joy.”
2. Add some paint and light
Even large closets can look small if they have dark walls and not much light. Since most closets don’t have windows, consider adding a light fixture to brighten the space and a mirror to multiply the amount of light bouncing throughout the closet. By painting the walls a nice bright white or off-white, the room will expand and look inviting.
3. Organization is key
Once you’ve removed the clutter, you may still have a lot of items that you aren’t willing to let go of. By adding shelving or even a closet organizational system, you can fit more into your closet without taking up as much space. If you want to stay on budget, try a DIY closet system that is easily installed and can be purchased at your local home improvement store!
4. Show off your favorite items
While decluttering is key, displaying the things you love on nice hangers or placing those handbags/shoes you adore on your newly installed shelving can help potential buyers picture their own favorite items in your closet. Keep it neat and organized, but show off the things you love most!
These tips will help you ensure that your closet space doesn’t prevent you from selling your home. Remember, if you are ready for a home with a bigger closet, call me and we will find you the walk-in of your dreams!
While you’re fussing over your bills, did you realize you’re making your landlord rich? Rentals are the most lucrative business to get into. It turns ordinary people into multi-millionaires. The next time you’re afraid of committing to a mortgage, keep in mind that you’ve already committed to paying off the mortgage of someone else - every single month you rent. The only time home buying doesn’t make sense is if you’re still living with your parents rent-free. Or, you prefer to live out of an R.V. or tent. But if you prefer to live in a home or a condo, it always makes the most sense to buy.
Stop making your landlord rich and start building your own net worth. You can still enjoy owning a home - even if you don’t intend to stay in an area for long. You can always resell your home, most often for more money than you put in, or turn it into a lucrative side business by hiring a property management company to rent it out on your behalf. Whatever you decide, don’t be afraid of a mortgage commitment - you’re paying one regardless. Now ask yourself, do you want to make yourself money or make your landlord money?
Homeownership rates are the lowest they have been in the last 50 years. A large portion of Americans are still renting properties, instead of enjoying a home of their own. Consumer reports believe this is an issue because of a buyer's lack of trust in their ability to purchase. It is still a long-standing notion that a buyer needs 20% towards the cost of the home in order to move forward, but this isn't true. With countless down payment assistance programs and closing cost roll-ins, a homeowner could move in with as little as a few hundred to a couple of thousand dollars. This makes a huge difference in the time it takes to save up to make the move.
With interest rates at an all-time low, home ownership in today's market is a great investment. The money saved over a mortgage's lifespan can result in tens of thousands of dollars, if not hundreds of thousands. That's more money in your pocket today. Don't wait to buy when interest rates soar again. With low-interest rates, that means your monthly mortgage payments are at a significantly lower cost as well. With such a heated housing marketing, rental prices are soaring, and statistics are constantly showing that home ownership can be equivalent to your rental rate each month, if not less. Why get stuck in a small 2 bedroom apartment if you can move into a 3 bedroom house with a great backyard and pay a monthly rate that is the same?
There is also the fear that a home can keep you "stuck" or "rooted" to one place, without an easy transition out if you decide to move. Although the future of the housing market isn't easily predictable from location to location, you can always discuss with your agent about buying a home in an area that has a strong turn-over rate when a home hits the market. The equity build up when it comes time to sell is going to be far more beneficial than if you put money into a rental and decided to move. The money from selling the property can be used to purchase a new home. With renting, there would be no additional funds to transition into a new place.
Now imagine if you were renting a home for $2000/month. If your landlord is renting to make a profit, think how much less you'd be paying on a monthly basis towards your mortgage, if the home was yours. Then you wouldn't be paying a landlord to profit off of you, you'd be paying a reasonable rate, and get to call the property your own. Discuss with your agent and lender the steps you need to take towards home ownership, and you just might be happily surprised about the type of home you can afford to move into.
Contact Me Today
Let's find you the right home at the right price.