Have You Outgrown Your Home?

Many homeowners are surprised when they suddenly realize that the “perfect” home of just a few years ago no longer suits their needs. From an expanding family to an empty nest, it’s common for a home to no longer be the right fit. If you’re unsure if you’ve reached the point where a move is warranted, here are a few signs you’ve outgrown your home.

Outgrown Home
Have you outgrown your home?
  • More Kids than Rooms or More Rooms than Kids – Life changes and our homes must change also.
  • Clutter or Lack of Storage – Do you need more closet or storage space? A home with more space could be the answer.
  • Home Office – More and more companies are opting for telecommuting or home office workers, if your kitchen is your office, it might be time to look for a new home with extra room for a home office.
  • Outdoor Entertaining – Home design trends over the last couple of decades have seen a rise in outdoor living and entertaining areas. You might have simply outgrown your yard if you crave space for an outdoor living or dining area.
  • Lifestyle – The square footage might be fine, but you would prefer a different floorplan; more open, single-story, more windows, etc.

Your reasons for moving will be as unique as you are, but these are just a few considerations that indicate you might have outgrown your current home. Make sure your home still meets your needs and wants, then you’ll be able to decide if it’s time to move.

The Stephanie MacDonald Team has access to some amazing programs that make upgrading or downsizing your home easy. From Compass Concierge the hassle-free way to sell your home faster and for a higher price with services like staging, flooring, painting and more. To Compass Bridge Loan Services, a simple solution to bridge the gap between the home you have now and the home you want!

If you have any questions about upgrading your home, or if you’re looking for representation on your next purchase or sale, contact Stephanie MacDonald, ESQ. now.

The Stephanie MacDonald Team

Personalized Service. Proven Results. Serving the Mainline, Center City Philadelphia and South Jersey.

610-246-1048 Stephanie@themacdonaldteam.com

Selling your home during the Holidays

The Holiday Season has arrived and many home sellers are concerned it’s the wrong time to list their homes. The truth is that the holidays can be a great time to sell your home. Not only does your home look more beautiful dressed up for the holidays, but buyers are often more emotionally tied to the home because of it. There is no need to wait for the hectic New Year selling season to list. There are benefits to selling now!

  • Lower Inventory – Typically there are fewer homes on the market; fewer homes mean less competition. Inventory is still under the 6-month supply needed for a normal housing market. Waiting until Spring will increase the choices buyers have. Don’t wait until additional inventory comes to market before you decide to sell.
  • Serious Buyers – Buyers during the holidays tend to be more serious than at other times of the year. Moving is not fun at any time of the year, but the holidays are particularly hard, so buyers willing to do this are serious about moving. There are buyers ready, willing and able to purchase and are in the market right now.
  • Interest Rates are Still Low – No one knows what’s coming in the New Year, but for now, Interest Rates are still traditionally low.

The Holiday Selling Season is here. Home sellers can capitalize on the slower pace, smaller inventory and serious buyers by listing now. Deck the halls and offer a warm, cozy home to potential buyers and take advantage of the season for selling your home now.

We would like to help you decide if your home is ready to sell this winter. If you’re ready to sell or would like to learn more reach out to us! We’d love to hear from you.

Going Green: Eco-Friendly Updates to Up Your Home’s Value

Eco-friendly and energy efficient upgrades aren’t just good for the earth—they’re also good for your wallet! While tried-and-true value-boosters like updated kitchens and bathrooms and new flooring still boost your price, energy-efficient additions are in, and people are willing to pay extra for them.

If you’re looking to boost your Main Line home’s value and save some in the long term, here are the best eco-friendly updates to make before selling.

Energy-Efficient Windows

Windows.

While replacing your windows can be a little pricy—ranging from a few thousand dollars to over $20,000 based on the number and quality of windows you choose—your savings will more than pay for it. According to a recent Cost vs. Value report from Remodeling, replacing 10 of your windows with vinyl upgrades can add almost $11,000 to your resale value.

Along with windows, replacing your door can be a much more affordable choice, but it won’t net as high of a return.

Solar Hot Water Heater

Solar hot water heaters are an energy-efficient alternative to a regular hot water heater and can decrease your water heating bills anywhere from 50% to 80%.

Many times when buyers are seriously looking at a home, they’ll ask the owners for recent utility bills. Handing over a bill that’s less than half the cost of what’s expected not only gives you a huge leg up on the competition, but it also makes your home more valuable.

Insulation

Replacing your insulation is one of the more affordable options for upgrades, coming in at just over $1,000. But when you’re reselling? New insulation—in just your attic alone—provides a 116% return on investment.

Other insulation options include your walls and basement, and these options will also up your home’s value and save money on heating and cooling bills.

Solar Panels

A solar panel.

Obviously, solar panels are going to be one of the most expensive eco-friendly upgrades. A decent portion of the profit from solar panels comes after they’ve been installed for a few years, so it might be an update you make early on in home-owning.

If you do opt to install, the average added profit for a medium-sized home with panels is just under $30,000. Plus, homes with solar panels typically sell 20% faster than those without. Of course, if electricity prices rise or are already high where you live, then you can expect that number to be a little bigger.

Smart Technology

A smart thermostat.

Smart tech in the home is one of the most popular current trends. In fact, 70% of millennials—AKA one of the largest home-buying demographics this year—say that they specifically look for homes with smart technology.

When it comes to being eco-friendly and energy-efficient, smart technology offers a few options. Smart thermostats can help regulate your home’s temperature and save your money on bills. Smart lighting can turn on and off based on when you’re at home or in certain rooms. Best of all? These are some of the most affordable upgrades, but will make your home rise above the competition.

Ready to List Your Main Line Home?

Now that you know what it takes to boost your home’s listing price, it’s time to get ready to sell. Explore some of the resources my team has to offer sellers around the Main Line, and give us a call when you’re ready to get started!

This Spring is the Best Time to List Your Main Line Home—and Here’s Why

There are tons of articles telling you all about the perfect season for buying and selling your home, but most agree—spring is an undoubtedly busy time for real estate.

If you’re on the fence about listing your Main Line home on the market this season, here are a few reasons to make the leap.

It’s Convenient Timing

Kids playing in a grassy field.

While location is always a priority for buyers, timing is just as important. Spring is the perfect window between the cold weather of winter and the hot temperatures of summer, making it ideal for moving. It’s also a nice gap before the new school year and the holiday lull of summertime.

Since the timing is so ideal, you’ll also be dealing with more serious buyers. This is good news for you, since more foot traffic means more offers.

Your Home Has Never Looked Better

A backyard garden.

Staging your home is half the battle in a successful selling experience, and spring is one of the best times to show your property off! Take advantage of warm weather and fresh blooms, and put out some colorful flowers, new plants, and seasonal lawn decor.

But it’s not just the inside of your home that benefits from the season—there are plenty of ways to use spring inside, as well. Natural light is a great mood-booster, and open windows can make your space look larger, so throw open those curtains and let the sun in. Want to make your home smell fresh? Bring in a few of those flowers from outside for a pleasant scent and a pop of color.

More Competition Means Higher Prices

A woman counting money.

When you’re selling your home, you want to get the best price possible. After all, you’ll probably be using your profit as a down payment on a new place. When you sell in the spring, the influx of interested buyers often leads to higher prices—and maybe even a few bidding wars.

Not sure how to price your house competitively? No worries! I can find the best listing price for your interests and field all of the incoming offers.

Quicker Closings

A couple being handed the keys to a home.

On average, the closing process takes around 50 days, although that number tends to fluctuate based on season. Lucky for you, the springtime usually means quicker closings.

Since buyers are more active and motivated, the usual roadblocks that slow the process down—like lack of funds, delayed mortgage approval, and no homeowner’s insurance—are usually taken care of ahead of time.

The Market is Prime

A house.

If you’re thinking of selling this year but on the fence about putting it off, experts say that the 2019 market is your best option. This year, a large wave of millennial buyers is expected to hit the market A recent survey from Trulia found that out of 2,000 US adults, more than one-fifth of people between 18-34 said they were looking to buy this year.

Additionally, interest rates have remained relatively low lately, but they are expected to keep climbing over the next year. For buyers looking to get low rates, now’s the time to act.

Ready to List Your Home?

If you’re gearing up to sell, there’s no better time than this spring. With motivated buyers and an ideal market, don’t miss out on capitalizing on better profits and quicker closings.

Ready to list your Main Line home? Just give the MacDonald Team a call today!