Scott Adamson - Coldwell Banker Residential Brokerage



Posted by Scott Adamson on 7/5/2020

Image by ClassicallyPrinted from Pixabay

Renovating your home is a great way to improve your home while also adding value. While you may go into a home improvement or renovation project with the best-laid plans, problems are bound to arise especially with a larger scale job. Some issues can be prevented by understanding the most common pitfalls that may come into play during the home renovation process.

Budget

Establishing and sticking to a budget is a common home renovation problem. When setting a budget for your project, it is helpful to work with an experienced professional who can plan for contingencies. While the budget might be "set in stone" in the beginning, contractors may discover other issues that need attention further into the project. Additional costs may be incurred along the way so be prepared for the possibility of budget overage as the project moves ahead.

Original Architecture

While the goal of a home improvement project is to update the home and add something new, it is also important to work within the existing architectural style. Renovation projects should complement the original structure of the building so that the update flows seamlessly with the original structure. Introducing a completely different style can make the addition or renovation seem out of place and forced when compared with other more established elements. 

Sacrificing Function

Consider how the renovated space will be used and how it will impact daily life. Try not to sacrifice function for design. It is important that the final project looks good but it should properly serve its function and add value to the home and to your life. A home renovation project may look fantastic but if it creates usability issues such as lighting, electrical access or a disturbance in traffic flow it may create frustration in the end. 

Focusing Too Much on Trends

Trends are enticing and an exciting way to personalize your home but beware, what is popular today may fall out of favor next year. If you're incorporating a trendy detail into a big renovation decision, be sure it's something you truly love. If not, consider incorporating trendy colors and textures in places that are easy to update like paint, carpeting or decor. 




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Posted by Scott Adamson on 11/11/2018

Believe it or not, the costs associated with selling a house can add up quickly. If a home seller fails to budget accordingly, he or she risks costly, time-intensive home repairs following a property inspection. Perhaps worst of all, this scenario may force a home seller to miss out on an opportunity to get the best price for his or her residence.

With a home selling budget in place, you can increase the likelihood of a profitable home selling experience. If you know what it takes to set up a home selling budget, you may be better equipped than ever before to streamline the home selling process.

Now, let's take a look at three tips to help you establish a home selling budget.

1. Assess the Condition of Your House

Before you list your house, it helps to perform a comprehensive home assessment. That way, you can identify potential upgrades both inside and outside your house and evaluate the costs associated with these home improvements.

Typically, a home inspection enables you to learn about your house's strengths and weaknesses. This inspection requires a property expert to assess your house and may take several hours to complete. Then, once the inspection is finished, you'll receive an inspection report that you can use to determine which home improvement projects that you may need to complete sooner rather than later.

2. Establish Home Improvement Priorities

Although you might want to give your residence a complete overhaul, there may be only limited time and resources at your disposal. Thus, you'll want to establish home improvement priorities to ensure you can maximize your time and resources.

Think about which home improvement projects are necessary. These projects should rank at the top of your list of home improvement priorities, as failure to complete them may prevent you from optimizing the value of your house.

As you establish home improvement priorities, don't forget to assess the costs associated with various home upgrades. This will help you achieve the best-possible home improvement results without spending beyond your means.

3. Consult with a Real Estate Agent

A real estate agent understands exactly what it takes to sell a home, regardless of the current housing market's conditions. In fact, this housing market professional can make it easy to map out a successful home selling budget and ensure you can quickly and effortlessly navigate the home selling process.

With a real estate agent at your side, you'll receive expert support throughout the home selling journey. A real estate agent will learn about your home and help you identify ways to enhance your residence. Plus, a real estate agent will offer recommendations to ensure you can upgrade your house on a budget.

If you're getting ready to sell your house, it helps to collaborate with a real estate agent. Reach out to local real estate agents in your area, and you can get the support that you need to establish a home selling budget.




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Posted by Scott Adamson on 3/5/2017

When you're a new homeowner, it's hard to refrain from walking down the aisle of Bed Bath & Beyond and dumping everything you see into your cart. Initially, when making a shopping list for your new home it will seem like you need everything  and you need it now. It doesn't always make sense, however, to go on shopping sprees and starting several different renovation projects at once in your new home. Whether you need to be conservative with your money or you want to take your time and furnish one room of your house at a time, creating a household spending budget can be an invaluable tool. In this article, we'll cover how to make your own personalized household budget that you and your family or housemates can use to keep yourselves accountable when it comes to making your new house uniquely your own.

Set priorities

Moving into a new home can be sort of like camping out for the first few nights. Many of the basic things you take for granted might not be unpacked  or set up yet. Other items you might still need to purchase. This is a good reminder of which items matter the most when moving into a home. When you prepare to make your budget, think about the items on your list that are the most vital to your daily life. This may be different for each person. If you're an avid yoga practitioner but your yoga mat got ruined in the move, buying a new one might be higher up on your list of priorities than the average person who occasionally stretches. The best way to find out what items are high up on your list is to go through a few days in your new home and write down everything you need, then arrange it in order of importance. From there, we can start setting your budget.

Budgeting tools

Depending on how comfortable you are with technology, you have several options when it comes to ways of keeping a budget. In your Appstore you'll find a plethora of free budgeting apps that all fit a specific need. One of the most popular, Mint, connects securely with your bank account and lets you set up several budgets. It will track your income and spending and categorize your purchases automatically (groceries, gas, bills, etc.). You can set a "household" budget in Mint and make sure all your home purchases go into that category. If you're more inclined to using a spreadsheet, you can use Google Sheets, or a program like Excel to create your budget. The benefit of using Google Sheets is that it is easily shared and synced with others, allowing you to collaborate on the budget together. Your final option is to use a good old fashion hand-written budget. If you don't want it to be forgotten, you could hang it on the refrigerator or write it on a whiteboard hung somewhere highly visible in your house.

Commitment

The hardest part of budgeting is committing to it. You and your housemates will need to work together to make sure you keep track of your purchases and take the time to plan out your budget, be it weekly or monthly. The best way to do this is to set a reminder in your calendar for a budget planning day once per month with your housemates. Decide what needs to be purchased and who will be buying it. Once you've made a habit of keeping your household budget, you'll be on your way to completing your home in a way that makes sense for you financially.




Tags: budgeting   apps   budget   home   house   tips   advice   appstore  
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Posted by Scott Adamson on 12/18/2016

The process of sitting down and creating a household budget can be an enlightening experience. Not only is it one of the few ways to figure out where the heck your money is disappearing to, every month, but it's a method for identifying expenditures that are wasteful or redundant. Once you've created a chart or spreadsheet that itemizes your income, savings, and expenses, you're in a stronger position to control your household cash flow. Using accounting software, budgeting apps, and/or the services of a qualified financial advisor can also help you gain control over your family's spending habits. If your goal is to reduce expenses and stretch your household budget farther, her are a few strategies and tips worth considering:

  1. Buying in bulk: Some people swear by the savings they rack up by joining and doing their shopping at wholesale buying clubs. Others say it isn't worth the long lines at the checkout counter, crowded parking lots, and the fact that not everything is cheaper than at regular retail stores. Like any kind of shopping, though, it pays to compare prices and research the best deals. However, it's not unusual to save from 25% to 50% on a variety of commonly used household items, groceries, and other consumer goods.
  2. "Coupons" is not a four-letter word -- although some people act like it is. Clipping, printing, saving, and organizing discount coupons can be a bit of a nuisance, but when you add up the monthly savings, it's worth the inconvenience. Stores that offer double coupons and/or accept competitors' coupons can also help you chalk up extra savings. Taking advantage of advertised specials is yet another way to reduce your monthly expenses.
  3. Compare notes with friends and family. You can often pick up worthwhile money-saving ideas by simply asking people whose opinions you respect. Nearly everyone has discovered stores, products, websites, businesses, and strategies that have helped them save money. Sometimes the topic is also discussed on social media sites. Most people you know would be glad to pass along their money saving tips, insights, and techniques.
Saving Money on Home Energy There are dozens of ways you can save money on your electric bill, such as unplugging appliances and turning off lights when you're not using them. It's also worth noting that LED and compact florescent light bulbs use significantly less electricity than old-fashioned incandescent light bulbs. Other tips for curbing energy consumption include washing your clothes in cold water whenever possible and setting your thermostat to reduce energy demands when you're sleeping or at work. Once you start looking into ways to lower your utility bills, you'd be surprised at the number of simple, yet effective things you can do. A few longer term strategies for saving on energy include converting your home to solar power, replacing drafty old windows with new, more efficient ones, and switching to Energy Star certified appliances, such as clothes washers, dryers, and dishwashers. Although there's an initial cost that needs to be recouped before the true savings kick in, upgrading can deliver long-term benefits to both your wallet and the environment.





Posted by Scott Adamson on 9/6/2015

It is great to have a room renovation every once in a while but painting and changing the look of a room can be costly and time consuming. Here are three quick and simple ways to change the look of your room without busting the budget.

  1. Window Treatments are one of the quickest, simplest and most affordable ways to change the whole look and feel of a room. If you prefer to take the focus away from the windows, choose neutral colors, and a simple style. If you would like to create a dramatic look and emphasize the view, choose more color or a bolder style in the window treatments. A layered look with sheers or a top treatment will also do the trick.
  2. Lighting can definitely add color. A simple solution would be to add colored bulbs to some of your light fixtures. Incandescent lighting can also add more warmth, and accent lighting can highlight an area of the room. Transform a room’s mood with dimmers, uplights, and sheer textile lampshades. Wall sconces, floor lamps and even candles can also change the look of a room.
  3. Artwork can change the look without busting the budget. Artwork can be from a local gallery, children’s drawings or just what you already have hanging around the house. Choose pieces that showcase intense colors but also work well with the existing pieces in your room. Try moving your current artwork around. Photos, vases, and other collectibles can give new life to a room. Group them in sets of three or five for an instant eye-catching display.
The possibilities are endless. You can infuse a lot of color into any room without once having to pry open a paint can or spend a fortune. Have fun!