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Archive for the ‘Real Estate Staging’ Category

Estate Properties: Repainting and Redecorating within the Sale Prep Budget

A loved one passes away, and is laid to rest. His or her estate must be settled in a legally acceptable and timely order. The residence – eg. house, townhouse, condo – is a major part of that estate. And, it must be sold.

 

Often, each heir will have a wish list for using his or her share of the monetary proceeds. Each heir expects to get at least a certain amount.

 

The final sale price must be maximized. The property needs to undergo a facelift, before it goes on the market.

 

A Skilled Painter and Decorator’s role

 

A painter, skilled in renovation and restoration – especially of estate properties – can hold the key to realizing a lucrative sale.

 

  1. The painter will be able to accentuate the home’s attributes and advantages.
  2. The painter will be able to upgrade the home’s features to appeal to today’s real estate market.
  3. The painter will be able to camouflage or minimize its flaws – uneven walls, cracked wood.
  4. The painter will be able to suggest or advise the seller(s) about other work to have done, and by whom.

 

The painter can help the estate trustee or administrator work up a total facelift estimate.

Also, the painter/decorator can help determine an itemized budget range for each service that needs to be completed. Prior to listing the property for sale.

 

Painting/decorating tips gleaned from giving an interior facelift to a home prior to listing.

 

Keep the facelift simple. Make it suitable to the home’s architecture, style, worth, and location.

 

  1. TIP: To minimize the pale yellow cast of once white ceilings, custom tint white latex wall a very light yellow-white. This stretches facelift budget that cannot cover repainting of ceilings.

 

  1. TIP: Paint all walls throughout the home the same custom-tinted paint mentioned above. This creates flowing, uniform look.

 

  1. TIP: Repaint the bathrooms in their same original color – in this case soft yellow. This helps contain paint product costs.

 

  1. TIP: Limit repainting in kitchens, breakfast nooks, etc. that often feature tiled wall areas.

 

  1. TIP: Select high-end paint products, known (a) offer better coverage and (b) require only one coat. Especially in older homes, and in certain climates.

 

  1. TIP: Give ample attention to cleaning and prepping all surfaces to be re-finished. Examples: patching, filling, caulking, sanding. Allot enough drying time between steps and applications. Remember: The quality of a finishing job is linked directly to the quality of the surface prepping.

 

  1. TIP: Limit priming to surfaces that really need it. Hint: Areas that will likely stay the same finish color for at least the first year of new ownership.

 

  1. TIP: Apply finish coat to walls, trim, doors, etc. room-by-room. Or, whichever way that will assure ample drying time, a uniform finish throughout, and save in overall labor costs.

 

 

Before you call in a painter. . .

 

Empty the home’s interior to the walls. Here are a few tips to help you.

 

  1. Distribute and remove all personal items. (Follow the terms of the trust and/or will.) This includes all types of items such as furniture, accessories, appliances; china, silver, housewares, cookware; clothing, jewelry; linens, textiles; antiques, collectibles, books, etc.

 

  1. Remove and place remaining valuables in the hands of the best available dealers. Examples: expensive jewelry, art; antiques, collectibles, glass, books.

 

  1. If there’s time, hold a “class act” yard sale for the rest of personal property. Roll out the red carpet bargain-prices. Offer boxed/bagged/packaged group deals. Offer some quality items for free.

 

  1. GOOD NEIGHBOR TIP: If your loved one lived in the neighborhood for years: Invite close neighbors to come and select a few items to keep. No charge.

 

  1. Donate some of the nicer clothing, accessories, linens, etc. to a local church-run thrift shop.

 

  1. Donate whatever is left to the nearest Goodwill Industries, Salvation Army, or similar charity store. Call in advance to make certain they offer pick-up service.

 

Giving a home its final touches of paint and finish – facelift – before its estate sale can be rewarding.

In a way, the painter gets the opportunity to help the family give their loved one’s property a proper send off. And, that may help those left behind find some sense of closure.

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And, thanks, everyone, for visiting “Painting with Bob.”

Copyright 2015. Robert D. Hajtovik. All rights reserved.

 

Real Estate Sales Staging and Readiness: Painting Guide for the Seller

Making a sale in the real estate market usually trends towards either boom or as close to bust as you would ever want to get. There are several reasons for this: pricing, location and the style of the house. Just to name a few.

Within some areas concerning a sale, there is little that the seller can do to stimulate interest in a property. This is true particularly if there has been very little to begin with.

One major solution to accelerate an interest in and subsequent purchase of a home is by improving its appearance. Painting is one sure way of achieving this goal. Whether a realtor chooses to have a property fully painted, superficially touched up, or have additional decorating elements completed, the marketability of a property will be increased. I guarantee it!

The main goal of a real estate professional is to generate sales of residential and commercial property. Thus, it would certainly be in their best interest to focus on the temporary appearance of the property they are aiming to sell.

Sometimes, the reluctant homeowner also has to be convinced that budgeting the necessary funds to prepare (stage) his or her home to sell is a timely move, and a wise investment. Benefit: When his home is finally sold, he will appreciate the money for being well spent.

To ensure the appropriate steps are taken while reducing time and expense, I suggest that property owners conside the following informal “painting appearance guide.”

 No perspective home should be sold with the following conditions:

1.  Mold on any interior/exterior surface;

2.  Dirty-soiled walls, ceilings and wood surfaces;

3.  Cracks and holes on any of the interior or exterior surfaces;

4.  A distasteful, lingering odor;

5.  Missing or damaged drywall or wall/ceiling textures;

6.  Damaged doors and wood moldings.

A property owner/seller must consider these variables and the extent to which they’re involved. Then, the realtor and/ or present home owner can opt for several possible solutions.

1. Complete repair and paint job. An estimate for all the work necessary to restore the property is received. If a property is to look its best then no reasonable expense should be spared.

Considerations: Very time consuming, the most expensive method to get a property ready. Essentials: Detailed, inclusive budget, good schedule/plan, high-end budget.

2. Improving the appearance only. This diminished variation of the complete job involves improving the home’s appearance in a way that requires less labor and reduced expenditure. Still, it helps you obtain similar results rather than the more expensive procedure. Three steps are essential here:

A. Cleaning and painting only what is necessary to make the overall appearance look fresh;

B. Repairing damaged surfaces that are essential;

C. Deodorizing only where needed.

These changes will produce a reasonably acceptable appearance for resale.

3. Superficial surface finishing. This method of improving the appearance of a home for sale provides little addition to its quality. You prepare the surfaces by superficial means.

All that needs to be done is the following:

A. Wash what’s dirty;

B. Touch up paint where it needs it the most;

C. Spray a quick room deodorizer.

If done correctly, this process may take only a couple of hours. And, you’re ready. I would only recommend this avenue, when the property’s price is way below market value, and the home in question is old or neglected.

As different persons look at a home to purchase – especially when it is their first, they seek a place of personal refuge and comfort for themselves and their family. If a potential homebuyer has any dignity and a basic sense of style, the home they choose will (1) represent their creativity, (2) add support for their security and (3) provide for free expression.

All of us – realtors and homeowners included – would want the sale of a home to be as pleasant and rewarding as possible. Think about it. With a home, appearance really is everything. You and I are witnesses to it every day.

Whether you’re a homeowner or realtor who is hoping to sell a property, setting a marketable price is one thing. Enriching the home’s appearance is the first – and best – way to achieve that goal.

When appearance is at the forefront of your home sale, then you can consider yourself ready to sell. You will find that there is no better position to want to be in. Happy staging!  Successful selling!

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 Thanks for visiting “Painting with Bob.”

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