Prep Your Home for Sale with These Five Updates

In this white-hot real estate market, selling the family home could be a serious consideration coming into summer. While a big renovation project might not be in the cards considering the cost of supplies such as lumber, there are plenty of smaller “spruce up” options to breathe new life into your home and make it attractive to potential buyers. Here are a few ideas. 

The Kitchen

A kitchen is almost always the hub of a house, even for non-cooks. People love to get together to make meals, chat about each other’s day, and enjoy casual snacks in a comfortable common space. For any potential buyer, a kitchen design that’s clean, functional, and snazzy will help to increase the sale price. Just remember to keep your updates neutral enough to appeal to lots of potential buyers. Freshly painted cabinets and new hardware can completely transform the room.

Curb Appeal

First impressions are crucial when listing a house on the market. It goes without saying that a roof streaked with mold and overgrown landscaping will turn people away. Consider power washing the house and tap into your inner green thumb to maintain plants and shrubs. You’d be shocked at how much of a difference a few small changes will make. 

The Master Suite

With the stress we are dealing with day in and day out, a quiet oasis away from it all is very appealing. A master bedroom complete with an ensuite is always a wise investment, especially if it’s relaxing. Soaking tubs, double sinks, and large closets have mass appeal, and paying attention to little extras can help people see themselves enjoying their potential new home. 

Backyard

As we’re getting closer to summer, people are excited to get outside and host small groups at home. From firepits to barbeque areas, privacy fencing to comfortable seating areas, making the most of a yard is a sure-fire way to encourage buyers to consider your home. An additional living space, such as a three-season porch, is also a huge bonus. 

Paint

Lots of homeowners paint their interiors to suit their lifestyles. That might mean bright blue and pink-colored bedrooms for kids and a few old trends that have seen better days. Repainting with neutral grays, bright whites, and warm taupe tones will give a home an instant facelift without too much expense or effort. 

Have you thought about giving your home a mini-makeover to get it ready for sale? What are your favorite tips? I’d love to hear from you, send me a message on Facebook at facebook.com/odonnellbros

Bob O'Donnell is the owner of O'Donnell Bros, Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro”. All questions may be considered for publication. To contact Bob for your remodeling needs, call O'Donnell Bros, Inc. at (860) 589-5155 or visit www.odonnellbros.com. Advice is for guidance only.

The Sky-High Price of Wood

If you’ve recently considered a remodeling project and are scratching your head at the cost, you’re not alone. The cost of lumber has reached record highs, up over 200% from one year ago, making most building and remodeling projects more expensive than they would have been pre-pandemic. 

So why the sky-high costs for wood? It’s mostly attributed to the housing shortage. With more people wanting to move from the confines of the city into the suburbs, new construction and renovation are booming. Then there are restaurants and small businesses that had to build outdoor seating structures and other accommodations to keep their customers safe and comfortable. Pair those factors with sawmills playing catch up from slowing production early in the pandemic and you have a classic case of over-demand and not enough supply. Hence the price of wood. 

To put it into perspective, the price per thousand board feet of lumber jumped to an all-time high of $1,104, or roughly $1.10 per two by four. Right now, one sheet of plywood costs upwards of $50 or more. 

If you’re building a new home, the lumber you’ll need is going to cost you four times what it did one year ago. If you are thinking about renovating your current home, you’re going to be out of pocket as well. As the average age of the American home reaches 45, remodeling is not just an item on the wish list. For many, it’s a necessity. 

You might be thinking, “what goes up must come down,” right? Yes, but not anytime soon. Homeowners are still renovating and remodeling like never before, especially with real estate prices at all-time highs. Demand for new construction isn’t going to let up either. For now, homeowners who want to build will just have to come to terms with the increase in price. 

That’s not to say that you should ever compromise on quality. When looking for a contractor, make sure they are reputable, experienced, and can break down the costs of the job with 100% transparency. Also, keep in mind that the cost of supplies to the contractor is higher than ever before and they might very well be absorbing some of that cost to get you a price you’re happy with. Take all of this into consideration and make sure you do your homework before you sign on the dotted line.

Bob O’Donnell is the owner of O’Donnell Bros. Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro.” All questions may be considered for publication. To contact Bob for your remodeling needs, call O’Donnell Bros. Inc. at (860) 589-5155 or visit http://www.odonnellbros.com. Advice is for guidance only.

Spruce Up Your Rental Property with These Tips

Owning a rental property can be a lucrative investment opportunity both for short-term stays and long-term tenants, especially during COVID when people are looking to escape the city. If you own a second property that you’re thinking about renting or have an investment property that’s ready to be occupied, a few upgrades and minor renovations can make a big difference in how much you can get for your space.

The first thing I remind people who are renovating a property that they don’t live in is to try and treat it like a house instead of a home. Spending time and money creating the perfect aesthetic is a waste because the people who will be occupying the property likely won’t have the same taste that you do. Instead, focus on function while maintaining an inviting and warm atmosphere. Keep it simple and comfortable.

Kitchens and bathrooms are key for rentals as they generally come “as-is” with less furniture and styling opportunities as rooms that are used for relaxing. With a kitchen, be sure that there is plenty of storage and that the appliances are clean and new. Remember, people like functional spaces so if you’re spending some money on upgrades, a dishwasher will be a smarter investment than a fancy mantle or built-in wine storage. For the bathroom, make sure it’s absolutely mold-free and has good ventilation. Everyone loves a strong, hot shower but no one wants a bathroom riddled with mildew from the heat and humidity. Again, it’s important to remember that no one is going to treat a rental property with the same love and care as their own house so plan for wear and tear.

Walls and carpet are important, but most of the time they can look new with a thorough clean. Before you go ripping, replacing, and repainting, see what you can do with a Magic Eraser and a carpet cleaner which can be rented from a home improvement store for around $30 per day. If your walls and carpet are damaged and you need to repaint or replace them, stick with simple, neutral colors that are easy to clean and will complement any style.

Another inexpensive upgrade is giving the fixtures a facelift. Turning some attention to cabinet knobs, door handles, blinds, and lighting can give a dated space a whole new look without spending a fortune. I can’t tell you how many homes and apartments I have been in with broken, plastic mini-blinds that make a whole room look dark and dingy. A simple replacement using wide faux wood blinds or a simple and easy to clean panel can really change a room on the cheap.

Finally, don’t even think about listing your property without investing in some good quality photography. Professional images can make all the difference no matter if you’re putting your property up on a vacation rental site or if you’re looking for a longer-term tenant. Great pictures will get more people interested in your space, giving you a wider selection of better prospects to choose from. Attracting good people who will take care of your property is key and will save you a lot of money and headaches in the long run, so it’s important to go the extra mile to find them.

Bob O'Donnell is the owner of O'Donnell Bros, Inc., a Bristol-based home improvement company established in 1975. Email your questions for Bob to info@odonnellbros.com with the subject line “Ask the Pro”. All questions may be considered for publication. To contact Bob for your remodeling needs, call O'Donnell Bros, Inc. at (860) 589-5155 or visit www.odonnellbros.com. Advice is for guidance only.