The wonderful thing about the kitchens & baths of today is that whatever your budget there are fashion forward options within every price range. From Cabinetry to Appliances, Countertops to Flooring, Plumbing to Lighting – there is something out there to fit your budget and style.
This doesn’t mean that you don’t create those dream files or ideabooks with everything you love, but it is your gauge for all involved to know exactly how much can be spent on what, who and why – no matter how small or big the job.
Guidelines for a Kitchen Budget: Home Value x 15% = My Budget
* 2002 Design Trends Survey Update for NKBA by Sovereign Marketing Research, Fifth Avenue, New York
Wellborn Cabinet, Inc. is proud to announce its partnership with Hoffman Media on the NANTUCKET SOUTH home located in Mountain Brook, Alabama. Hoffman Media established and maintains several nationally recognized magazines such as Cooking with Paula Deen and Victoria.
Wellborn’s cabinetry is beautifully featured throughout the home. Rooms include the kitchen, pantry, laundry/craft room, master closet and bath, and upstairs baths.
Each room will be featured in the magazines and issues listed below.
CELEBRATE: September / October Issue featuring craft room November/December featuring dining area/wet bar
COOKING WITH PAULA DEEN: September/October Issue featuring kitchen
Most of us – unless you are already an expert in selling property – will require the services of a real estate agent to sell our home for us. Although they will take a percentage of the sale, they will also give you an accurate idea of how much your house could sell for, and they will be able to get a much wider range of potential buyers into see your home than you possibly could. Like with every other industry in the world, some companies in the field of property agencies are better than others. Here are a few things to make sure you ask your potential real estate agent.
1) How much do they think your home will go for on the market?
Get a variety of real estate agents to come in and look at your property. The more quotes you get for how much it will go for on the market, the more you’ll get a sense of what it will actually go for. Ambitious real estate agents will offer more, but will probably ask you to take a lower offer when no one is willing to pay the price they originally quoted. When moving to a new home and selling the old one, it is important to go with the real estate agent who is quoting you the most realistic figure – not the one that is offering you the highest.
2) What is their track record in selling properties?
Whether you want your house sold a.s.a.p. or you are willing to be patient and wait for the right offer, it is important to know how successful agents are at (a) selling houses and (b) getting offers closest to the asking price. If they have a notoriously bad track record, then you could be waiting for months, if not years, to sell your home, and even when you do you may still have to sell it less than you originally wanted to.
3) What professional organizations are they members of?
They should proudly tell you if they are. The Code of Ethics and Standards of Practice, Model Bylaws, MLS Handbook, and other policies are to be followed and with it comes a level of professionalism. If they are not a member, then it is best to stay far away. Go with a real estate agent or agency that is locally or nationally recognized, reliable, and professional.
4) What is their rate?
Real estate agents will charge from 1% all the way up to 3% of the price of your home if they sell it. It is important to remember that, as they are negotiators themselves, their rates are negotiable. So if you like a haggle, then try and get their rates down lower than they already are. If a real estate agent is offering a particular low-rate, say 0.5% or 1%, you need to ask yourself why they are charging such a low rate: is it because they are a new company and want to get their business of the ground? Or is it because they are simply not that good at what they do?
5) How will it promote your property?
The best way to get the offer you desire is to promote your property. And the best way to promote your property is to hire a real estate agent. Ask them how they plan to promote your property. Are they actively going to be suggesting it to customers coming into the store, or are they just going to sit back and let it sell themselves? Will they plan advertising out in property literature or internet sites? Or do they just plan to display in their shop window? Knowing their plan of action will lead you to make a decision which you are more informed on.
About our guest blogger:
Ella Andrews is a dedicated writer and blogger, who has an exceptional flair for home improving and home maintenance projects. She is constantly searching for new sources of inspiration. Presently she contributes articles mainly on house selling/buying thematic, as this is what motivates her most.
House-hunting can be both an exciting and daunting process. The idea of moving to a new home, especially if you’re a first-time buyer can be enthralling and yet there are many pitfalls you can easily fall into when it comes to choosing your new house. Here are some of the most common mistakes you’ll want to avoid when house-hunting.
Try not to aim too high when looking for a house. If you’re buying through an estate agent, they might throw in a viewing that’s way out of your price range but right up your alley. Don’t waste your time viewing properties that are out of your budget, even if it’s only marginally. You should have calculated your budget accurately and precisely, and even an increase of a thousand dollars can have a negative effect on the rest of your calculations. If it’s too expensive, it isn’t for you. Move on!
It could be that you find the perfect house for you, but that it’s in an undesirable neighborhood or it could need some major repair work. It’s important not to ignore any flaws in the houses you view, even if they are otherwise seemingly perfect. Small flaws or things that might need renovation could end up being extremely costly, so be wary when on your viewings!
If you’re house-hunting on a budget another easy mistake to make is to over-compromise. You should make a list of the property requirements you want, such as a garden or off-road parking capabilities. If the property you’re viewing doesn’t have what you’re looking for then you can probably do better. Be realistic about what you’re looking for though, don’t expect a Jacuzzi and swimming pool if your budget won’t allow for it!
You should also be aware of repair works that need to take place. You might be able to convince yourself that re-tiling the bathroom is an easy task, or that re-wiring the living room is perfectly acceptable for you to do. Try to remain realistic about your handyman capabilities. If you end up buying a house that needs cleaning and renovations you just aren’t capable of, you could end up paying a small fortune.
Once you’ve found the place for you, it’s time to put in an offer. It’s easy to make mistakes here, so tread lightly. Don’t rush to make an offer if you have any qualms about the property. Take your time when making the final decision – home ownership is a big investment and not one to be taken lightly!
When you’re absolutely sure you’re sure, you can make the offer. Don’t take too long in making your decision, as it’s likely that someone else has their eye on this property too. Try to ask your estate agent how long the house has been on the market or how many viewings the place has had, so you can figure out how long you have to act.
The final thing to be wary of is how much you offer. Try not to go too high or too low, especially if you’re aware of exactly how many people are interested in the house. Don’t get caught in a bidding war if you’re new to the property market either, it’s all too easy to get lose yourself in the idea of your new home, without realizing you’ll actually have to pay! Offers that are too low are going to be rejected, but people that are looking for a quick sale may be more likely to jump on them – make sure you do your research!
A big thanks to Ella Andrews for the informative article on one of the biggest & most rewarding financial decisions that you will ever make!