What is the Difference Between a Short Sale and a Foreclosure?

What is the Difference Between a Short Sale and a Foreclosure?

Here is how to get a great deal on foreclosures and short sales while heeding all the risks when buying a home.

Not sure about the world of foreclosures and short sales? Don’t worry. Here’s a rundown of everything you need to know to grasp the basics of foreclosures and short sales.

What Are Foreclosures and Short Sales?

A foreclosure is a process by which a lender is able to repossess a property when the borrower defaults on loan payments.

A pre-closure is the period between when the lender files the Notice of Default and when the foreclosure process is complete. If the home is sold during this period, the transaction is called a short-sale foreclosure (or “short sale” for short).

While both a short sale and a foreclosure result in the unfortunate event of the borrower not being able to stay in their home, a short sale allows a borrower to avoid the harmful effects that a foreclosure would have on their credit score.

How Can You Buy a Foreclosure/Short Sale Property?

There are fewer foreclosures and short sales on the market today than there were a few years ago. “Default notices, scheduled auctions and bank repossessions…are down more than 7 percent from a year ago,” according to RealtyTrac’sNovember 2015 U.S. Foreclosure Market Report.

But if you’re a buyer, you can still find a great deal on a foreclosure or short sale, particularly if you work with an agent who focuses on finding these deals.

If you are interested in purchasing either a foreclosure/short sale property, talk to an agent who specializes in foreclosures and short sales.

What Are the Pros and Cons of Buying a Foreclosure/Short Sale Property?

Let’s start with the advantages.

Foreclosures and short sales are often priced below retail, which means that you can buy these properties for less than the cost of other comparable homes. Subsequently, your monthly mortgage payments will be smaller and you’ll spend less interest over the life of the loan.

Furthermore, you may build equity quickly, particularly if you improve or renovate the home. This equity increases your net worth, and you have the option of borrowing against this equity in the future if you choose.

Additionally, if you purchase a short sale, you’ll also enjoy the emotional satisfaction of knowing that you helped someone avoid foreclosure.

Although foreclosures and short sales can offer the buyer exceptional deals on real estate prices, there are some drawbacks.

Foreclosures and short sales often need renovations or repairs. It’s likely that the owner wasn’t able to maintain the property, which means that you might have to deal with deferred maintenance issues. It’s important to get a full report of the maintenance issues you might face. Ask your real estate professional if he or she can recommend a qualified licensed home inspector who can produce a full report for you.

It is possible that some foreclosed properties are vandalized while they’re vacant, which can add to these repair bills. However, this damage will generally be reflected in the pricing of the home.

Foreclosures and short sales are in shorter supply, which means there’s a lower likelihood that the property has all your wants and needs. You may need to compromise on certain features, amenities or desired location. You may also need to act quickly, as these opportunities can get snapped up fast.

For a short sale, the seller may be motivated to sell, but he or she may not be able to budge on the negotiation price due to the outstanding balance on the mortgage.

Short sales are notorious for their lengthy closing times – typically between 45-90 days. This is because the original lender needs to approve the sale. If you’re in the market for a quick closing, a foreclosure or short sale property may not be for you.

That said, however, the financial benefits of buying a foreclosure or short sale can be fantastic for homebuyers who are flexible and patient.

How to Bring Summery Goodness to Your Bedroom

How to Bring Summery Goodness to Your Bedroom

Create a vacation vibe in your at-home sanctuary and you’ll be better able to recharge.

Houzz Contributor, Laura Gaskill

With warmer evenings and sunlit mornings, summer begs us to take a more relaxed approach to life. That might mean a slower-paced schedule, a breezy wardrobe or a goal of keeping the house tidy. These eight rules can help you savor the season each day from the moment you rise and pull open the shades until you tuck into bed at night.

1. I will preserve time at the beginning and end of the day for quiet reflection.Even if it’s only five minutes spent sipping your first cup of coffee in the morning or herbal tea before bed, having a smidgen of dedicated me-time in the peace and privacy of your bedroom can bookend a frantic day, or bring satisfying closure to a pleasant one. Write in your journal, read an inspiring book, meditate or simply look out the window as you set intentions for the day ahead.

2. I will treat myself to extended weekend mornings in bed. If you’re a parent, finding a way to make this happen may be impossible at times, but the bliss of a morning in bed (read: at least 20 uninterrupted minutes with a fresh pot of coffee and your favorite publications) is worth whatever scheduling acrobatics it takes to arrange.

3. I will keep my wardrobe simple. Living out of a suitcase on vacation can seem carefree because you have fewer choices. Re-create that feeling at home by editing your wardrobe down to your most-loved and worn pieces, and stash away (or consign) the rest. While editing, keep in mind that the smaller the wardrobe, the more important it is that everything goes together. Stick with pieces that mix and match (such as colorful, patterned tops and solid, neutral bottoms) to maximize outfit-making potential.

4. I will decorate with reminders of summer. Surrounding yourself with visual reminders of what you love most about summer will make your bedroom feel more like a getaway. Try nautical maps, postcards from far-flung locales, snapshots taken on your last vacation, a bedspread bought in a seaside town, or shells and sea glass collected on the beach.

Set the Mood: 5 Colors for a Calming Bedroom

5. I will keep things clean and uncluttered. Putting away clothes and shoes each day isn’t a glamorous task, but the five minutes (or less!) of effort is well worth the calm atmosphere you will enjoy coming home to when everything is neatly put away. Need inspiration? Give your bedroom a makeover at the start of summer to motivate yourself to keep the space looking sharp.

How to Get a Half-Painted Wall Right

6. I will help overnight guests feel at home. When friends and family come to stay, a few special details are all it takes to make guests feel welcome and comfortable. Snip flowers from the garden for the bedside table, set out a selection of beach reads and make up the bed with light layers. Don’t have a spare quilt or even a guest bed? A tapestry (the sort pinned to dorm room walls) or even a large sarong can make a summery and budget-friendly bedspread, whether you’re covering a bed or an air mattress.

See the rest of this eclectic home

7. I will say yes to mermaids. Mermaids are equal parts kitschy and mysterious, making them the perfect motif for a summery bedroom. Plus, having something to collect makes shopping at your favorite flea markets and art fairs even more fun. Not into mermaids? Pick your own icon of summer, and start collecting.

8. I will let the stars guide me to bed. Can’t get away to that rustic lakeside cabin? Pretend you’re camping at home, and turn down the electric lights in favor of candles and lanterns a few hours before bedtime. You may be surprised at how this one simple change can make your home feel completely transformed, at least for the evening. Indulge in screen-free entertainment like playing cards or board games, and be sure to peek outside at the stars before retiring to your room.

How to Build a Cheap Shed for Your Backyard

How to Build a Cheap Shed for Your Backyard

By following these five tips, you can kick the clutter and keep your wallet fat.

Is your garage overflowing with gear and gadgets? Whether your clutter is for business or pleasure, a backyard shed is the perfect storage solution.

But, extra space comes with a price tag. Prefab sheds can put you back thousands of dollars, and a bad DIY can cost you your weekends and your pride.

What if you could build a quality shed without breaking the bank? By following these five tips, you can kick the clutter and keep your wallet fat.

#1 Cut the Frill = Cut the Costs

The average custom-made shed costs anywhere from $2,109 to $3,545 depending on the materials you use and whether you do it yourself or call in a local pro.

So, how can you keep your shed budget under a grand? Cut out all the frills. Sheds become expensive when homeowners choose costly features, like

  • Electricity
  • Shelves and built-in storage
  • Decorative trim
  • Loft
  • Ramp
  • Workbench
  • Large square footage

Skilled laborers, like electricians and carpenters, can charge up to $100/hour to add these custom features, not including the cost of added material.

Cheap sheds are basic sheds—four walls, a roof, and a foundation. Consider which features you need and which you can live without.

#2 Choose Cost-Effective Materials

You want your materials to be sturdy yet practical. Luckily, sheds can be built with a variety of materials, which we ranked from most to least expensive.

Expensive: Vinyl

Vinyl is a favorite among homeowners due to its strength and durability. Vinyl sheds are known to resist rot, harsh weather, insects, and dents.

It’s a great, maintenance-free option – especially for homeowners that live in areas that experience heavy snowfall and bad storms.

Of course, that durability comes at a price. At the cheapest, vinyl will run around $800 in material cost, and up to $5,000 at its most expensive.

 Can be Costly: Wood

Wood is beautiful and popular and very customizable. But, it can also be expensive. A lot of labor and resources are put into making those beautiful wood slabs, driving up the cost.

Expect to spend anywhere from $600 to $3,000 on materials for a wood shed.

Cheapest: Metal

Metal is a cost-cutting favorite – it is low maintenance, resists rot, insects, and decay, and can last upwards of 25 years. Depending on the size of your shed, metal material can cost as little as $300.

Your metal shed won’t be as resistant to heavy snow and high wind, but it’s the ultimate budget saver in a temperate climate.

#3 Shop Around

You know what they say about one man’s trash being another man’s treasure? There’s always someone out there with too much of something who wants to reclaim their space. Which means you can snag up materials for ultra-cheap – sometimes even free!

Lumber mills are overflowing with waste. Politely ask the yard manager if they have any scrap wood you can take off their hands.

Or, search online. A quick search for free or discount lumber revealed dozens of results for wood people wanted to get rid of.

Of course, this means you have to drive (sometimes long distances) and deal with strangers. But, with some courtesy and research, you might be able to snag all or most of the materials for your shed at an ultra-cheap price!

#4 Rent Power Tools Instead of Buying Them

Unless you are a professional handyman, you probably don’t have a huge supply of power tools in your garage.

Contractors estimate you’ll need the following tools to build a shed, though you may need others depending on your materials and construction plans:

  • Safety glasses / hearing protection
  • Hammer
  • Power drill (Cordless) & drill bits
  • Tape measure
  • Nail gun
  • Circular saw
  • Speed square
  • Stepladder
  • Sawhorses

While building a shed is a fun excuse to go tool shopping, it doesn’t make sense to drop a huge amount of dough for a tool you’ll only use twice a year. Buying all these tools could costs hundreds or even thousands of dollars. Not to mention, finding a place to store rarely used tools may be why you’re building a shed in the first place.

Thankfully, many local hardware stores allow you to rent tools for a fraction of the cost.

Of course, if you hire a contractor, they’ll already have all the tools, so you save costs.

#5 Check Permits to Avoid Hidden Costs

Check local building codes before building a shed in your backyard. Even though you’re building on your property, the city can fine you or force you to dismantle your shed if you don’t have the right permit.

Make sure you do your research to avoid unexpected fines and the cost of having to rebuild an improperly placed shed.

#6 When in Doubt, Go With a Pro

DIY projects often seem like the most cost-effective practice. But, consider the cost of materials, the amount of time you’ll have to commit, and your skill level.

Some parts of your project may be out of your skill range and require hiring a carpenter, contractor, or electrician.

Better to hire a professional than spend money and time fixing mistakes and making repairs.

Whether you want to relax by the pool or you have a list of DIY projects, an organized space makes it easier to take full advantage of your summer.

Ready, set, build.

Chelsea McGrath is an Editor at HomeAdvisor with a love for all things home, health, sports and nature.

References:

http://www.homeadvisor.com/task.Shed-Barn-or-Playhouse-Build.40347.html?4329=7048&4330=6112&4331=4873&502713=10002&step=location&sar=true

http://www.homeadvisor.com/cost/additions-and-remodels/build-a-barn-shed-or-playhouse/?st=&sc=1.768097

http://www.toolcrib.com/blog/2008/10/lumber-salvage-the-top-10-sources-for-cheap-free-and-recycled-wood

http://www.cheapsheds.com/metal-sheds/

http://www.lifetime.com/customerservice/tipsandsolutionsdetail/194/which-shed-material-is-best-for-you

https://www.familyhandyman.com/sheds/how-to-build-a-cheap-storage-shed/view-all

How to Re-Do a Half Bath on a Budget

How to Re-Do a Half Bath on a Budget

With some paint and a carefully chosen storage solution, you can beautify a half bath on a tight budget!

The half bath is often the most forgotten part of the home. A room the homeowner themselves rarely ventures into, the half bath is often overlooked when other, more central rooms, are redecorated. In some circumstances, however, the half bath gets too much use, normally when it becomes the children’s bathroom. This designation usually results in a cluttered mess that features Barbie dolls and shampoo bottles covered in cartoon characters—not exactly a room to showcase to visitors!

How can you control this chaos and make it a more attractive space should guests stumble upon it? Storage! Even if you have a cupboard or shelf in your half bathroom, putting more storage in is never a bad idea, especially something that can become a focal point of this small room and help you dress it up in a few minutes before guests come to visit. Here we look at how with some paint and a carefully chosen storage solution, you can beautify a half bath on a tight budget.

When we moved into our 1960s home, we had a half bath that boasted a retro brownish-greenish-yellowish laminate countertop, white floor and wall tile, some under sink storage and a bathtub.Without a complete refurb, there wasn’t a lot we could do to the space to update it, and as it was situated between two upstairs bedrooms, it made the perfect children’s bathroom.

This designation meant it quickly descended into unorganized chaos. The tipping point for me was the multiple bottles teetering on the back of the toilet seat. I realized we needed storage that was open, easy to access and attractive. We also needed a new countertop—that retro mish-mash of colors didn’t look like it was coming back into style anytime soon.

After considering a complete vanity overhaul, we decided to try simply repainting the laminate. Using two coats of Rustoleum Countertop Coating ($20), we gave the room an instant facelift. The light grey color we choose complements the variety of different toned metal fixtures in the room and is a lot cleaner and brighter than the original color.

Next, we installed a simple chrome and glass wall shelf ($45) above the toilet. This fixture works perfectly for corralling the multiple bottles required to keep our children clean during everyday life but is also simple to dress up when guests come to stay.

So, don’t just shut the door on your chaotic half bath until you can afford to gut it. Consider some quick, inexpensive upgrades, such as paint and new storage, that will make it a more pleasant space to live with—or an easy update if you’re getting ready to sell.

Why You Really Need a Home Inspection

Why You Really Need a Home Inspection

Buying a house is probably the single largest investment you’ll ever make – learn how getting a home inspection can help you get the most value for your home.

Buying a house is probably the single largest investment you’ll ever make, and you want to ensure you get the best value for your hard-earned dollar. That’s why more and more home buyers today are turning to professional Home Inspection experts. A professional Home Inspector takes a close look beneath a house’s surface, and then prepares a detailed written report for the prospective buyer on such things as the condition of the foundation, electrical service, roof, insulation, and other critical structural factors. Your Coldwell Banker sales professional can help you connect with an experienced trusted Home Inspection service in your community.

Although costs will vary, you can probably expect to spend two to three hundred dollars for an inspection of a single family home. And who pays for it? Well, since the benefit is almost entirely that of the home buyer, it’s usually the buyer who pays the cost of the home inspection …particularly in a “hot” real estate market, where the home sellers have more leverage. All things considered, it’s a small price to pay for the peace of mind it provides, and the negotiating power it can give you — especially if it indicates that there are major repairs required, but you decide to make an offer anyway.

When it comes to making your offer to purchase, your Coldwell Banker professional can provide you with good advice on how to allow for a home inspection as a part of this process. Subject to the homeowner’s permission, you can commission a Home Inspection before or even after submitting your offer to purchase. This is done by having your Coldwell Banker salesperson prepare a conditional offer that’s contingent on a Home Inspection report that’s acceptable to you. This approach gives you some distinct advantages: if the conditional offer is accepted, the property is temporarily held against other offers, yet you still have a legal escape route if the report turns up some major negative surprises, such as a bad roof or a crumbling foundation. On the other hand, if the conditional offer isn’t accepted, then the need to pay for a home inspection may never arise. Your Coldwell Banker professional can counsel you on the best approach to suit your market and your individual situation.

5 Home Insurance Tips for Moving to Unfamiliar Weather

5 Home Insurance Tips for Moving to Unfamiliar Weather

Ready to relocate to a new region of the country? Consider the local weather, particularly when you evaluate your home insurance options.

Home insurance is a must-have, regardless of where your house is located. With the right coverage in place, you can safeguard your house and personal belongings against many natural disasters. But not all home insurance policies are created equal. As such, coverage that works for a homeowner in a hot, humid climate is unlikely to meet the needs of a homeowner who deals with excess snow, ice and other inclement winter weather.

To better understand the link between home insurance and weather, let’s consider a few examples.

Southern California experiences roughly 10,000 earthquakes annually, so a Southern California homeowner should have sufficient coverage to protect his or her house and personal belongings against damage or destruction that takes place due to an earthquake. However, Atlantic Coast homes may be susceptible to hurricane storm surge flooding that is not covered by a standard homeowners insurance policy.

If you’re moving to a new area of the country, it may seem simple to transfer your existing home insurance coverage to your new residence. Yet doing so could leave you without coverage against natural disasters that may be more likely to affect you as a homeowner in a new region.

Here are five tips that you can use to purchase the right home insurance if you’re moving to an area with unfamiliar weather:

  1. Understand What’s Covered by a Standard Home Insurance Policy
    A standard homeowners policy offers the following coverage:
  • Dwelling: Ensures you can repair or rebuild your home if it is damaged by a covered cause of loss. For homeowners, it is paramount to have dwelling protection to cover the full cost of home repairs or a complete home rebuild.
  • Other Structures: Offers coverage against damage or destruction of garages, sheds and other detached structures on your property.
  • Personal Property: Provides reimbursement for clothing, electronics and other personal items in your home that have been damaged or destroyed by a covered cause of loss.
  • Loss of Use: Covers the costs associated with housing and assorted living expenses if you’re forced to move out of your residence while it is being rebuilt or repaired.
  • Liability: Helps safeguard your assets and covers various legal defense expenses if you face a lawsuit because you or a family member caused damage or injuries to other people on or off your property.

Dedicate the necessary time and resources to learn about your current homeowners coverage – you’ll be glad you did. As an informed homeowner, you can review numerous coverage options and choose the right coverage based on your home’s location. Don’t forget to discuss your home insurance needs with an independent agent. With an insurance professional at your side, you can explore a wide range of coverage options and select a home insurance policy that will match or surpass your expectations.

  1. Find Out What’s Not Covered by a Home Insurance Policy

A standard homeowners policy is not always a surefire solution to all of your coverage needs. In fact, some of the weather-related problems that are not covered by a traditional homeowners policy include:

  • Earthquakes: If an individual requires earthquake coverage, he or she may need to purchase a supplemental insurance policy.
  • Floods: Flood insurance can be purchased from the National Flood Insurance Program (NFIP), which offers both home and personal property coverage if your home is damaged or destroyed due to flooding.
  • Hurricanes: In some instances, you may need to purchase additional flood and windstorm insurance to guarantee that you’re fully protected against hurricanes.
  • Mechanical Breakdown: If your car breaks down while you’re traveling to a new home in unfamiliar weather, mechanical breakdown insurance (MBI) is available to cover bad brakes, transmission issues and other major vehicle system malfunctions.
  • Tornadoes: Many tornadoes are accompanied by powerful winds that can damage fences and other structures on your property, but it is important to note that a standard homeowners policy only provides limited coverage for this type of property damage.
  • Water Damage: Hail and ice damage commonly are covered by home insurance, but water damage limits may vary.

When in doubt, it is always better to err on the side of caution. If you’re unsure if a weather-related issue is covered by your homeowners policy, don’t hesitate to reach out to an agent for extra assistance.

  1. Contact Your State Insurance Commissioner

The National Association of Insurance Commissioners (NAIC) helps state regulators protect the interests of insurance consumers, including those who are relocating to a new region of the country. This association also provides many valuable resources to help you discover the right home insurance policy based on your home’s location.

For instance, the NAIC offers a guide to shopping for homeowners insurance. This guide helps homeowners understand various declarations and basic insurance terms to ensure an individual can choose the ideal coverage.

You can always reach out to your state’s insurance commissioner to provide honest, unbiased recommendations about homeowners coverage, and can help you make sense of home insurance information that is not clear.

  1. Know the Cost of Home Insurance

What you’re paying for home insurance today may increase if you need to upgrade your homeowners coverage based on an upcoming move to a location with unfamiliar weather. Those who plan ahead for the increased cost of home insurance will ensure they can afford the coverage they need at a new location.

The Federal Reserve Board estimates the average homeowner spends between $300 and $1,300 per year on home insurance at an average coverage rate of $3.50 per $1,000, according to Zacks. At the same time, it is essential to note the cost of home insurance may increase based on a number of risks that extend beyond natural disasters. These include:

  • Attractive Nuisances: Swimming pools, trampolines and other “attractive nuisances” may force you to pay more than other homeowners for home insurance.
  • Proximity to a Fire Station: Those who live close to a fire station may be eligible for lower home insurance premiums than others.
  • Your Dog: Some insurance providers won’t offer full homeowners coverage if you own certain dog breeds.
  1. Shop Around for the Right Coverage

 If you’re moving to a location with unfamiliar weather and need to buy home insurance, why should you be forced to settle for subpar coverage? Instead, shop around for home insurance, and you can purchase the ideal coverage at the best possible price.

The right insurance company should boast plenty of industry experience, a proven reputation and best-in-class customer support. Plus, this insurance provider will employ friendly, knowledgeable professionals who are happy to respond to any home insurance queries.

No one should be forced to overspend to insure their home and personal belongings. But with the right insurance company at your disposal, you can minimize your risks without having to worry about breaking your budget.

Lastly, an independent insurance agent can help you obtain the optimal coverage based on your location. This insurance professional can teach you about assorted home insurance options and help you make informed coverage decisions.

Take the guesswork out of getting the homeowners coverage you need at a new location. By using these tips, you can move one step closer to acquiring the right coverage any time you choose.


Ryan Hanley is the Vice President of Marketing at TrustedChoice.com and the Managing Editor of Agency Nation. He is also a speaker, podcaster and author of the Amazon best-seller, Content Warfare. Ryan has over 10 years of insurance expertise and blogs frequently to help consumers understand complicated insurance topics.

Summer Fridays: Awesome Backyards

Summer Fridays: Awesome Backyards

What’s more awesome than summer? Summer spent in a big backyard! Here are a few of our favorite yards from homes listed on coldwellbanker.com

If you were bored and decided to jot down the top 10 things that were awesome to you, what would possibly come before home? Jason Bourne movies? Definitely close, but no. Pizza? Closer still, but absolutely not. Home is everything, and home is unequivocally at peak awesomeness during the summer.

Warm summer sunshine means we can properly savor all the awesomeness of our backyards. Backyards are our private parks, our outdoor sanctuaries, our little sustainable farms, our waterparks – our very own piece of outdoor paradise.

With summer comes backyard barbecues, games of catch, nighttime bonfires, pool parties, hammock naps, wiffle ball tournaments and so much more. In honor of the backyard, our latest “Summer Fridays” post showcases some of the most seriously awesome yards in the world – and they’re all listed for sale on coldwellbanker.com. Let’s take a look!

$17,500,000 – Cohasset, MA

You know what’s better than an awesome backyard? How about an over nine acre peninsula with 112′ deep water dock and 1,800′ of pristine ocean frontage. From rolling greens and towering trees, this is the perfect summer New England getaway.

$9,750,000 – Santa Barbara, CA

Look at this beauty! A huge Mediterranean inspired home sits on three acres of land that are perfect for summer entertaining. From the infinity pool to the palm trees and mountain views – this is how you “summer” in style.

$29,000,000 – Sands Point, NY

Take a dip in the ocean, soak in a beautiful sunset or contemplate the meaning of life in this zen-like garden. The possibilities in this absurdly beautiful and large backyard are endless.

$6,200,000 – Hanover, Jamaica

This award-winning villa is downright majestic. Take to the pool and patio area to soak in that glorious Caribbean sun while indulging in some fantastic local Jamaican food.

$2,585,000 – Cardiff, CA

You don’t need acres of land to have a great backyard! This enchanting space is ultra private and overlooks the pacific – making it the perfect spot to enjoy ocean breezes while you entertain those closest to you.

 

8 Tips and Tricks to Get More Storage From a Small Closet

8 Tips and Tricks to Get More Storage From a Small Closet

Get ideas for arranging your clothes closet with 8 combinations of shelves, hooks, rods and drawers.

Houzz Contributor, Laura Gaskill

Large, luxurious walk-in closets may be the stuff dreams are made of, but they are not always the reality. If the closet space you have to work with is on the petite side, there’s still plenty you can do to make the most of it. From ultraslim shelving to wall-mounted storage, here are steal-worthy ideas from eight closets that put every inch to work.

1. Dresser + hanging rod + curtains. Replacing the closet doors with curtains has freed up some much-needed space in this small bedroom, allowing access to every inch of the reach-in closet. Inside the closet, a high shelf holds baskets (perfect for storing less-used items) over a hanging rod, with a dresser below. The dresser top is put to work too, with a wire storage basket and space for a few pairs of shoes.

Best for: Reach-in bedroom closet.

See more of this bedroom

2. Tall bookcase + hanging rods + wall hooks. A tall, shallow bookcase anchored to the wall provides ample storage space for folded clothes and accessories in this petite closet. Opposite the shelving, rods hold hanging clothes and a set of wall hooks provides a handy drop spot for scarves and jackets.

Best for: Narrow walk-in closet.

3. Shelves under eaves + short hanging rod. Shelves in graduated sizes make the most of this space beneath a sloped ceiling. Two wide drawers hold folded clothes below, and a short rod provides space for hanging items.

Best for: Bedroom with sloped ceiling.

4. Wall-mounted shoe rack + hanging rod + high shelf. A slim wire shoe rack mounted on the wall holds plenty of pairs without taking up precious floor space. At the back of the closet, two high wire shelves over the hanging rod hold luggage and other infrequently used items.

Best for: Deep, narrow closet.

5. Shelves + crates + lidded boxes. A simple setup with wall-mounted shelving is made more functional with the addition of crates to keep bulky items from toppling over. Wall hooks hung both low and high keep bags and belts neatly stowed, and lidded boxes provide a spot for stashing small accessories.

Best for: Small closet with more folded than hanging clothes.

6. Hanging rod + high shelf + floor basket. An easy setup for a petite closet, this allows room for hanging items on the single rod, with a storage shelf above and a basket on the floor to hold accessories (or clothes to be dry-cleaned). If your closet is a bit wider, add shelving to the wall opposite.

Best for: Small closet with more hanging than folded clothes.

7. Extra-high hanging rod + step stool. Take advantage of a space with a high ceiling by hanging a second rod extra high, and use it to store off-season or less-used clothes. This frees up the lower portion of the closet for shelves, with wire baskets to keep small items and accessories neat. Be sure to keep a step stool handy to reach the upper rod.

Best for: Petite closet with high ceiling.

8. Shelves + drawers + dressing table. With shelves on one side, a short hanging rod on the other and dresser drawers in the center, this petite closet fits in a little bit of everything. The mirror against the back wall turns the drawer unit into a dressing table with room for jewelry, perfume and other getting-ready essentials. Open bins on the highest shelves keeps less-used items out of the way but still easily accessible.

Best for: Small reach-in closet with mostly folded clothes.

Tell us: Do you have a small closet? Share a photo in the Comments!

Five Tips on How to Sell Your Home in a Competitive Market

Five Tips on How to Sell Your Home in a Competitive Market

What does it take to sell a home in a competitive market – a fresh coat of paint or a kitchen overhaul? Lowering the asking price or offering incentives?

What does it take to sell a home in a competitive market – a fresh coat of paint or a kitchen overhaul? Lowering the asking price or offering incentives? From cosmetic to strategic, smart sellers can take advantage of a few simple tips to get the most out of their properties. Here are five suggestions on how to help secure a “sold” sign:

Price Point is Paramount When getting ready to put a home on the market, determining the right listing price is the number one most important element in the home selling process. After you have carefully chosen an agent, the trust you have established will come into play immediately. Have those tough discussions with your agent about where to price your home. Make certain you understand how the agent has arrived at the price, including how previous sales and current homes on the market make an impact. If necessary, jump in the car with your agent and see some of the homes on the market in the area. This will provide first hand knowledge on homes that are available in your neighborhood.

Appeal to Your Audience Work with your agent to determine how to get your home to stand out. Providing incentives is a great way to draw in potential home buyers, and monetary bonuses don’t just have to come from negotiation of the listing price. Sellers can also choose to contribute to closing costs, or conduct pre-home inspections, which can comfort potential home buyers in knowing that the property is in top shape.

Leave a Great First Impression Everyone talks about curb appeal, but a first impression is truly lasting. Remember, your agent is your trusted advisor. They will know the necessary updates and upkeep you should make to get the home ready for showings. But some of this is fairly easy and the front door is particularly important. This is the area where a buyer will first step up to a home – and likely wait for a moment providing time to look around. Do this ahead of time, stand directly in the front door and look up and around at the home from all angles – cobwebs that have not been noticed in years could be the first thing greeting a potential home buyer, so it’s important for this area to give a great first impression.

Everything is in the Visual Don’t underestimate the power of visuals in marketing your home. The National Association of Realtors found that, more than 90 percent of home buyers begin their search online. Your agent may push hard for you to have the home prepared for vivid pictures and video of the property that can be posted on websites such as Coldwell Banker On Location

Hit the Right Note with all Five Senses When a buyer comes to look at a home they want the full experience. To help a home stand out, your agent may ask you to focus on appealing to all five senses. Small and inexpensive upgrades to the home such as getting the walls painted, de-cluttering and making minor improvements to the outdoor landscape. In terms of “touch,” remember that buyers aren’t just going to look – they’ll be turning on your faucets and opening closets, so make sure closets are clean and organized. When it comes to making a home smell good, many agents prefer the smell of baked goods rather than fresh flowers or air fresheners which can be overwhelming. All of this is being done to allow the buyer to properly visualize living in the home.

3 Important Tips for Welcoming Home Your Newly Adopted Dog

3 Important Tips for Welcoming Home Your Newly Adopted Dog

Bringing home your newly adopted dog is always an adjustment for everyone involved. Here are 3 important tips to welcome your new family member.

Bringing home your newly adopted dog is always an adjustment for everyone involved. It’s exciting and it’s only normal for you to have concerns about your new pet’s transition into life at home. Here are 3 important tips to help you welcome your new family member into your home.

 1. Do Your Research

Prior to your new dog arriving at your home, plan out how you will train your pet and make sure all of your family members are on the same page. Providing positive reinforcement techniques is a great way to help your dog learn.

Do your research on the various food options for your new dog and how many times a day he or she should eat. Having these decisions made in advance will help make the transition easier on everyone involved.

2. Show Compassion

Your newly adopted dog may display signs of anxiety in the first few days or weeks of being at your home. It may be hard for you to experience, because you’ll be so excited about your new furry family member and wonder if the feeling isn’t mutual. Don’t worry–this adjustment period is totally normal and only temporary! Speak in a gentle, soothing voice to your dog and make sure to show lots of love. Once your pet understands you are there to love and protect, he’ll feel much more comfortable and start to see how great his new home (and family) really is!

3. Health First

Soon after adopting your dog, take a trip to the vet’s office and have your new buddy examined. Bringing along any past medical records for the doctor to look at is always helpful. Your doctor will perform a full examination and give your dog the necessary shots he needs.

 

Ready to adopt right now? Visit Adopt-a-Pet.com to find a lovable critter in your area who is looking for a home like yours!