Staging Your Home for a Fast Sale
Today's real estate market is crowded with inventory, so if you want to sell your home, it has to stand out. Staging, or making it appeal to the broadest possible group of people, is one way to do just that.
That means depersonalizing your home so buyers can visualize themselves living in it. Basic staging steps include:
If your funds are limited, spend money where it shows. Buyers form first impressions from your front door and foyer, so make sure they sparkle. Is the doorknob wobbly? The doorbell broken? The doormat shabby? If you're debating replacing carpeting in the entryway or a back hallway, choose the entryway.
Be sure your changes make economic sense, though. Do normal maintenance, such as replacing stained, chipped countertops, but don't install an expensive hot tub.
Consider hiring a professional stager. Realtors can recommend stagers, or you can consult the International Association of Home Staging Professionals' website at iahsp.com. Costs vary, but the National Association of Realtors reports that spending 1% to 3% of your home's asking price will generally yield an 8% to 10% return.
Whether you're fixing up your home for resale, or looking to buy a new home yourself, BCU can help. Stop by or call 715-359-7012 today.
Copyright 2017 Credit Union National Association Inc. Information subject to change without notice. For use with members of a single credit union. All other rights reserved.
Editor's note: A longer version of this article appeared in CUNA's Home & Family Finance magazine at http://buy.cuna.org/detail.php?sku=refer001#subscribe.
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Teach Your Little Owls to Fly With Money Talks
The first step to teaching your kids about money is talking about money.
“The most effective way to teach is by having frequent discussions and don’t ever lecture,” said Ted Beck, president and chief executive of the National Endowment for Financial Education, in a recent Wall Street Journal article. “Look for teachable moments and always be willing to answer questions.”
Unfortunately, this can also be the hardest.
A 2015 T. Rowe Price survey found that 72% of parents experienced at least some reluctance to talk to their kids about financial matters, and 18% were either very or extremely reluctant. The most common reasons given were that the parents didn’t want them to worry about financial matters or thought they were too young to understand.
But on his blog, the personal-finance guru and radio host Dave Ramsey encourages parents to be more open with their kids about money, even their failures. Parents’ biggest regrets are often not saving enough or going into too much debt, wrote Ramsey. Being honest about that in an age-appropriate way, he stated, can be a powerful lesson.
So how to start the talk?
It’s home improvement time, and we’re ready to help. Spring renovations? New appliances? Landscaping enhancements? We offer flexible financing for spring projects and summer plans! Call Jenny or Cheryl today to learn more about our home equity lines-of-credit!