Everyone knows the term millennial (describing the generation born in the new millennium) but many people have negative associates with the younger generation for being dumb, naïve or apathetic. As the baby boomers start to age, the millennial generation is starting to redefine the job market, marriage and now the housing market. The Washington Post just released an article detailing a new study suggesting that millennial's are making home-ownership a priority. Retirement was ranked the number one priority to millennial's; travel, marriage and a baby followed after home-ownership.
The rising cost of renting an apartment or home is one of the major reasons pushing the younger generation to settle down and start some roots. Millennial's now are starting to buy even without a spouse or partner because they are tired of spending one third of their income on housing. Lowering mortgage rates and low interest rates will also help push the younger generation to consider home buying. Millennial's may carry the burden of labels like dumb and naïve but in fact many younger people are stating to plan for the future, by setting up retirement plans and buying a home that will best serve them in the future. Some millennial's are buying large properties in hopes to start a family soon and or increase the family they have currently.
One of the biggest barriers to owning a home for millennial's in the soaring amount of school debt. Mortgage lenders won’t approve a loan with too high of a debt to income ratio which is usually the problem for many millennial's. But with opportunities to reduce school loans and getting stables jobs, have helped the younger generation to pay off debt sooner and even start saving for the future.
What does this mean? It means that millennial's are becoming more serious about their futures and starting to plan now. If they haven’t already started to enter the Seattle area housing market, give it 5-10 years and they will be the largest generation purchasing homes in this area and across the country.
You might be in the market for a larger home because your family is expanding or maybe you’re looking for something smaller since your family is flying the nest either way you will be putting up your previous home on the market. There is going to be a lot of work ahead for you to prepare selling your home and looking for a new house. Staging your home for an open house and for buyers can be one of the most stressful parts of the journey whether you or your real estate is doing it. Use these simple tips and tricks to help take the ease off of you and help you attract more bids for your home. While bad staging won’t deter possible buyers, it can drastically affect how people see your house and the space. Thoughtful and detailed staging can allow buyers the chance to envision themselves in their future home, so use these tips and tricks we gathered cleverly.
Don’t clutter the space: Try not to pack too much furniture, décor and props into each room. Keep the key phrase ‘less is more’ stuck in your head during the entire staging process. Try to have one focal point in each room and use the furniture and décor to help elevate that special piece.
Do keep palettes neutral: Just like keeping each room clutter free, make sure wall colors and furniture are in neutral and softer colors. If you need to paint any rooms or areas consider creams, off whites and grays that can light up a room and provide a great base for your space. Then coordinate furniture and décor to fit the color palette with neutrals like grey, white and black you have so many options with different colors and shades.
Don’t be afraid of bold colors: While we just said above to keep to neutral colors, don’t be afraid to try bold greys or even sleek black accents that can add a pop to any room. If you can’t commit to painting an entire wall in a dark color, consider adding décor and furniture in dark hues to offer some contrast your space.
Do a deep clean: Make sure before you start staging and way before possible buyers come into the house you should clean each room from head to toe. Whether you hire someone or do it yourself, be very detailed in your cleaning regiment; because no buyer wants to see stains on the wall or floor when considering a home.
Don’t forget the walls: Hanging art or decor on the walls should be simple task, but people often feel overwhelmed because there is so much wall space in their home. Take a deep breath and remember the tips above, keep the décor and art simple and don’t overwhelm the wall with too many items. If you have a large open wall in a communal space like the living room, dining room or kitchen; try something bold like a gallery wall with a collection of various artworks and décor that fit the theme and palette of the room.
We hope these tips and tricks can help you relax and stage your home with ease. If you need help finding quality furniture or décor for a budget look at our previous blog post “Searching for Home Goods and Décor… Look No Further”. Once you’ve staged your house to perfect, start looking ahead to decorating and planning for your next home.
You may have just bought your first home, in the mood to redecorate or are planning to sell and need to stage your home. Choosing the best furniture and décor can turn a house into a home. Weather your selling or just moving in its important to create a home that is personal to you and your family. Personal touches can come through in the smallest and most over looked details like paint color choice, lamps, chairs, décor and more.
The key is to start room by room, take your time carefully curating your home. Choose a color palette, patterns and style you like for each room. Look on Pinterest or Instagram for style ideas or inspiration, start collecting colors, patterns and pictures you love. Once you have the rooms painted and style picked out work your way from the bottom up; look for a great rug or carpet that you love but make sure it’s easy to clean. Then try getting your large furniture in first and arranging it they way you like, it may take a few tries to get everything in the perfect place. Last come in and add smaller furniture items and décor to complete your style and the room; this could be in the form of pictures, lamps, vases, pillows, decorations and much more. We collected a list of great and unexpected places to furnish your home for any occasion.
Thrift stores: Thrift stores a great place to get quality unexpected furniture at a good price. You never know what you will get, one day there may be a great table the next you may find some amazing lamps. Be very careful when shopping a thrift stores because not every place thoroughly checks their incoming donations. Stick with wood/metal furniture like end tables, kitchen tables, lamps, and dishware. Only purchase pillows, plush chairs or sofas if you can’t see any visible stains or bugs of any kind.
Foryu Furnishings Fine Quality Consignments: http://www.foryu.com/
Found Interiors Consignment: http://www.foundconsignment.com/
Cost Plus World Market: The Cost Plus World Market chain has boomed in the Seattle area in the past couple years bringing us beautiful furniture and home goods from all round the world. Many of their pieces fit for more of a relaxed and bohemian style but they have a lot of furniture and décor items that could be interchangeable between styles. Check out one of their many Seattle area locations or surf their website or try their new option to buy online and pick up in store. https://www.worldmarket.com/
Nordstrom/ Nordstrom rack: Many people didn’t know that Nordstrom has a home goods section in many of their full line stores and when that merchandise goes on sale it goes to the rack stores. While they have a limited furniture selection; their linens, kitchenware and décor are stunning. You can see many of their home goods online, but I would advise going into the store and seeing for yourself what is available and pictures of your home to try and match with your personal style. https://shop.nordstrom.com/content/bed-bath-home-decor?+Gifts&cm_sp=Top+Navigation-_-Home+&origin=topnav
You may find pieces you like online but before you make a big purchase, or any purchase see if you can look and touch for yourself to make sure you love the item. Don’t be afraid to take risk or try something different and if it really does not fit your style or you don’t like it take it back and get the right one. This is your home that you will live in or trying to share with others, make it sparkle with your personality and style.
It may seem that Summer was just yesterday, but it’s officially November! Before life gets more hectic with the coming holidays, there are a few outdoor Fall home tips that are essential to tackle. Let’s face it, despite great intentions, most of us tend to lapse a bit on home care between Thanksgiving and the New Year. Plus, what a nice way to enjoy a few sunny Fall days. Your home will thank you for it!
Lawn: Aerate and fertilize your lawn (use a winterizer fertilizer). Once you’ve done this, over-seed it. The cooler temperatures outside create the perfect environment for grass seed germination. Experts suggest this is the most important lawn treatment of the year, and bonus, this lawn treatment will ensure that beautiful lush green grass that we all love so much during the Spring (especially if you’re planning to list your home!)
Garden Areas: To keep your garden beds looking their best next Spring remove dead annuals and prune back plants that have flowered in the Fall. Deadhead any plants that have spent flowers. Another critical step is to rake up fallen leaves as they can change the chemical balance of a flower garden (no one wants blue hydrangeas when they’ve planned for pink!). Get those bulbs planted! This will give them an early start and ensure they get the longest underground “freeze” that they need.
General Exterior Maintenance: Fix any cracks in fences, remove and store hoses, Install a “weather” cover over outdoor spigots to mitigate freezing. Clean gutters to ensure they don’t overflow when the rainy season begins. Drain pools, ponds, and other water features; as these are also prone to freezing and thus could be damaged.
Check Outdoor Lighting: Shorter days mean it’s probably dark when you get home from work, make sure you have pathways and driveways adequately illuminated. Not only is safer, but we always tell our clients that excellent lighting adds great curb appeal!
Be sure to store and cover outdoor furniture too!
These simple tips will help avoid problems and ensure that your home is ready and raring to go come glorious Spring. And if Winter gets you down, keep in mind that a lush green lawn and beautifully emerging plants are just a few months away!
If you are looking for any referrals to help you to get some of this essential work done, please do feel welcome to contact your experts at Sound-Properties!