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Unfortunately, home selling has become a more complex business than it used to be. New seller disclosure statements, longer and more mysterious form agreements, and a range of environmental concerns have all emerged in the past decade.
More importantly, the home-selling process has changed. Buyer brokerage – where REALTORS represent homebuyers – is now common nationwide, and good buyer-brokers want the best for their clients.
The result is that while almost 100,000 existing homes are sold each week, the process is not as easy for sellers as it was five or 10 years ago. Surviving in today’s real estate world requires experience and training in such fields as real estate marketing, financing, negotiation and closing – the very expertise available from local Brokers 12 REALTORS.
Are you ready?
The home-selling process typically starts several months before a property is made available for sale. It’s necessary to look at a home through the eyes of a prospective buyer and determine what needs to be cleaned, painted, repaired and tossed out.
Ask yourself: If you were buying this home what would you want to see? The goal is to show a home which looks good, maximizes space and attracts as many buyers – and as much demand – as possible.
While part of the “getting ready” phase relates to repairs, painting and other home improvements, this is also a good time to ask why you really want to sell.
Selling a home is an important matter and there should be a good reason to sell – perhaps a job change to a new community or the need for more space. Your reason for selling can impact the negotiating process so it’s important to discuss your needs and wants in private with the Brokers 12 agent who lists your home.
When should you sell?
The marketplace tends to be more active in the summer because parents want to enroll children in classes at the beginning of the school year (usually August). The summer is also typically when most homes are likely to be available.
Generally speaking, markets tend to have some balance between buyers and sellers year-round. In a given community, for example, there may be fewer buyers in late December, but there are also likely to be fewer homes available for purchase. So, home prices tend to rise or fall because of general demand patterns rather than the time of the year.
Owners are encouraged to sell when the property is ready for sale, there is a need or desire to sell, and the services of your local Brokers 12 REALTOR have been retained.
How do you improve your home’s value?
The general rule in real estate is that buyers seek the least expensive home in the best neighborhood they can afford. In terms of improvements, this means you want a home that fits in the neighborhood but is not over-improved. For example, if most homes in your neighborhood have three bedrooms, two baths and 2,500 sq. ft. of finished space, a property with five bedrooms, more baths and far more space would likely be priced much higher and likely be more difficult to sell.
Improvements should be made so that the property shows well, is consistent with the neighborhood and does not involve capital investments, the cost of which cannot be recovered from the sale. Furthermore, improvements should reflect community preferences.
Cosmetic improvements – paint, wallpaper and landscaping – help a home “show” better and often are good investments. Mechanical repairs – to ensure that all systems and appliances are in good working condition – are required to get a top price.
Ideally, you want to be sure that your property is competitive with other homes available in the community. Brokers 12 REALTORS, who see numerous homes, can provide suggestions that are consistent with your marketplace.
Source partly: REALTOR.com
Why use a REALTOR?
There are more than 2 million people nationwide who have licenses to sell real estate, of which about 750,000 belong to the National Association of REALTOR (NAR). Only NAR members are entitled to use the term “REALTOR”
All Brokers 12 agents are NAR members and must adhere to a strict Code of Ethics. By joining NAR, individuals have access to a wide range of classes, seminars and certification opportunities. Local REALTOR groups are active in community matters, and individual members are routinely involved in PTAs and other neighborhood organizations.
In essence, Brokers 12 REALTORS are community experts. They track real estate trends, share neighborhood concerns and participate in local matters. They’re good neighbors who are in the business of helping others buy and sell homes.
How do you choose a REALTOR?
Brokers 12, Inc. was established in 1980 by eight dedicated real estate Brokers and has now grown to 28 REALTORS and Brokers serving the Minot and surrounding areas full-time. Several agents have expanded to include specializing in the Rugby, Bottineau and Lake Metigoshe areas.
Brokers 12 agents have over 433 years of combined real estate experience. From residential homes or commercial property to farm or ranch land, we are The Professional Team of Realtors.
How long are homes in this neighborhood typically on the market?
(Be aware that because all homes are unique, some will sell faster than others. Several factors can impact the amount of time a home remains on the market, including changing interest rates and local economic trends.)
How would you price my home?
Ask about recent home sales and comparable properties currently on the market.
How will you market my home?
At listing presentations, brokers will provide a detailed summary of how they market homes, what marketing strategies have worked in the past and which marketing efforts may be effective for your home.
What is your fee?
Brokerage fees are established in the marketplace and not set by law or regulation. Typically, brokers who list homes are compensated on a performance basis – that is, the broker is not paid unless the home sells under the terms and conditions that are acceptable to you.
What happens if another REALTOR locates a purchaser?
That is, who will that broker represent, and how will he or she be paid? What disclosures should you receive? State rules require brokers to provide extensive agency disclosure information, usually at the first sit-down meeting with an owner or buyer.
How long do you want to list your home?
A “listing” agreement is a contract that shows the broker’s obligations and outlines the terms under which your home is being made available for sale. The length of the agreement is a negotiable matter.
What should you expect when working with a Brokers 12 REALTOR?
Once your home is listed, he or she will immediately begin to market your home according to the most appropriate conventions for your community.
They will keep you informed as the marketing process unfolds and as expressions of interest are received. In time, the marketing plan may be modified to reflect buyer reactions and changes in the marketplace.
In real estate there are written offers and oral offers. Oral offers (“Would they take $225,000 for the home?”) are not acceptable because they generally cannot be enforced (“Gee, did I say $225,000? I was sure I said $215,000”). Written offers created by the REALTOR with assistance from qualified attorneys address numerous issues, are consistent with local requirements and provide the foundation for an actionable offer.
In other words, home selling is part science, part marketing, part negotiation and part art. Unlike math where 2 + 2 always equals 4, in real estate there is no certain conclusion. All transactions are different, and because of this, you should do as much as possible to prepare your home for sale and engage a professional, dedicate Brokers 12 REALTOR you feel is best able to sell your home.
What is your home worth?
All homes have a price, and sometimes more than one. There’s the price owners would like to get, the value buyers would like to offer and a point of agreement which can result in a sale.
In considering home values, several factors are important:
- The value of your home relates to local sale prices. The same home, located elsewhere, would likely have a different value.
- Sale prices are a product of supply and demand. If you live in a community with an expanding job base, a growing population and a limited housing supply, it’s likely that prices will rise. Alternatively, it’s important to be realistic. If the local community is losing jobs and people are moving out, then you’ll likely have a buyer’s market.
- Owner needs can impact sale values. If owner Smith “must” sell quickly, he will have less leverage in the marketplace. Buyers may think that Smith is willing to trade a quick closing for a lower price — and they may be right. If Smith has no incentive to sell quickly, he may have more marketplace strength.
- Sale prices are not based on what owners “need.” When an owner says, “I must sell for $300,000 because I need $100,000 in cash to buy my next home,” buyers will quickly ask if $300,000 is a reasonable price for the property. If similar homes in the same community are selling for $250,000, the seller will not be successful.
- Sale prices are NOT the whole deal. Which would you rather have: A sale price of $200,000, or a sale price of $205,000 but where you agree to make a “seller contribution” of $5,000 to offset the buyer’s closing costs, pay a $2,000 allowance for roof repairs, fund two mortgage points, re-paint the entire house and leave the washer and dryer?
How much is too much?
Because all transactions are unique there is flexibility in the marketplace. The amount of flexibility depends on local conditions.
For example, suppose you’re selling a townhouse. Suppose also that there have been five recent sales of the model you own and that sale values have ranged between $200,000 and $210,000. You now have an idea of how your home might be priced. In a strong market perhaps you can ask for $210,000 or a little more. If the market has slowed, $210,000 may be a reasonable asking price, but perhaps more than the final sale price.
Here’s another scenario. Imagine that you live in a community of Victorian-style homes, most of which were built in the 1920s. All the homes are different in terms of size, condition, modernization, style and features. In such a neighborhood, an average sale price is just a statistic without much practical meaning. On a single block one home may sell for $400,000 while another is priced at more than $1 million. The average price may be outrageously high for one home and staggeringly low for another.
Who can help?
Experienced Brokers 12 REALTORS are active in the local marketplace and can provide assistance with pricing, marketing, negotiation and closing.
Because experienced Brokers 12 REALTORS have handled many transactions, they’re familiar with the terms and conditions that went into individual sales, not just published sale prices which may not reflect various premiums, discounts and adjustments.
Source partly: REALTOR.com
Homes are different. Each is unique, the marketplace is always in flux, interest rates constantly change and new buyers search for homes each day. With such fluidity, it requires a Brokers 12 REALTOR to craft marketing plans specifically for individual homes and market conditions.
Selling can entail a variety of marketing strategies. Once listed, it’s likely that the home will be quickly entered into the local MLS (Multiple Listing Service) and placed on REALTOR.com. Brokers 12 REALTORS routinely market by mail with new-listing announcements and brochures. Open houses, broker access to the home via the use of a lock box and networking with both local and out-of-town brokers are also common.
Much of a broker’s work will be quiet and unseen — yet important. The quiet telephone calls, the work with contacts, the follow-ups with open-house visitors, conversations with ad respondents, the web postings and other outreach efforts are all part of the process required to sell homes.
Brokers 12 REALTORS base their marketing efforts on previous transactions and ongoing research. For instance, according to the National Association of REALTORS (NAR), 37 percent of all buyers check the Internet. NAR numbers also show that most households move within 10 miles of their current location while 20 percent move at least 50 miles.
How to market your home
If you look at a typical transaction you can see that there are five general areas where Brokers 12 can assist in the home-selling process.
Before being placed on the market, homes must be in “show” condition. We can explain what repairs and upgrades are required for individual homes which are most likely to produce the best results.
Brokers do more than price homes for sale, they also construct sale terms designed to speed the selling process. It may be, for example, that a home priced at $150,000 with a 2 percent seller credit to the buyer at closing will be far more attractive to purchasers than a home priced at $147,000. Why? That 2 percent credit is worth $3,000 to the purchaser at closing — the time when buyers are most likely strapped for cash.
We will execute strategies and programs to get the home sold. Typically this includes placement on the local MLS, Realtor.com and our company web site; www.brokers12.com, as well as related marketing, advertising and networking.
Brokers 12 is located at 1201 South Broadway, in a prime location. Over 29,100 vehicles pass by our reader board sign everyday according to the Department of Transportation study done in 2004. The Response Is Outstanding!
Brokers 12 REALTORS assist owners in the bargaining process, offering advice and counsel as offers are received and by working closely with legal counsel, tax specialists and inspectors as required.
Once a contract for the purchase of a home has been accepted, a series of inspections and checks are typically required to satisfy buyers and lenders. Brokers 12 REALTORS can help owners complete the transaction process by assisting with the many requirements found in a typical sale agreement.
How to hold an open house
There are no universal marketing standards for real estate because marketplaces are localized. For instance, open houses may be common in some communities but rarely used in others.
In the case of an open house, we typically advertises that the home will be open for a given period (2-5 p.m. on Sunday). During the open period, the REALTOR hosts the home while the owners leave for a few hours.
At the open house, the Brokers 12 agent will provide literature, maintain a visitor log and answer questions. By interacting with visitors, we will seek feedback regarding the home and opportunities to follow up with prospective purchasers.
How do you show your home online?
The Internet is an important factor in real estate marketing and will likely become more important in the future.
The Internet has two important roles in the real estate selling process. First, it is a “place” to view real estate. Online real estate information includes not only home listings, but numerous additional features and benefits. Equally important, the Internet offers new communication media. E-mail and instant messaging give REALTORS and consumers more opportunities to keep in touch. As the Internet evolves, more technologies and techniques will be introduced to make transactions easier and more efficient.
Brokers 12 has had a web site since 1998. Over the past several years many improvements in technology have enhanced the site such as the integration of the IDX system and the creation of an improved property search in 2006. As the web site has grown, so have the numbers of people visiting the site. A record 15,325 visits were reported for the month of January 2007.
Source partly: REALTOR.com
No less important, a home sale by itself can be complex. There will be people looking at your house, documents to sign and issues to be negotiated.
Because a home sale involves an array of both personal and business concerns, it’s important to get it done right. You need to carefully prepare your home, understand the market and see what alternatives are realistically available. The old motto “be prepared” is a good guide in such circumstances.
What’s an acceptable offer?
The goal of every seller is to have a line of buyers outside the front door, each clutching higher and higher offers. And while this has been known to happen, in most markets there is some balance between the number of buyers and sellers. A number of factors determine whether a buyer’s offer is acceptable. They include:
- Is the offer at or near the asking price? Is the offer above the asking price?
- Has the buyer accepted the asking price or something close? Has the buyer then buried thousands of dollars in discounts and seller costs within tiny clauses and contract additions?
- What is the alternative to the buyer’s offer? If a home has not attracted an offer in months, then sellers need to determine if a better deal is possible — recognizing that each month costs are being incurred for mortgage payments, taxes and insurance.
- Does the owner have enough time to wait for other offers?
- What if no other offers are received?
- What if several offers are received? Do you choose the high offer from the purchaser with questionable finances who may not be able to close, or a somewhat lesser offer from a buyer with preapproved financing?
In each case, owners — with assistance from their Brokers 12 REALTOR — will need to carefully review offers, consider marketplace options and then determine whether an offer is acceptable.
What is a counter-offer?
When a home is made available for sale the owner is essentially making an offer to buyers: For a given number of dollars and other terms you can acquire this home. Buyers, in turn, can respond with several options:
- Not interested.
- Yes, we’ll buy on the owner’s terms.
- We’re interested and here’s our counter-offer.
A counter-offer is nothing more than a new offer. And just as the buyer had three options in response to the owner’s original price and terms, the seller can now choose one of three reactions: accept the offer, decline the offer or make a fresh counter-offer.
Offers and counter-offers reflect the back-and-forth activity of the marketplace. It’s an efficient and practical process — but also one that may contain tricky clauses and hidden costs. Your Brokers 12 REALTOR who lists your home can explain the local bargaining process in detail and assist in the actual negotiations.
How do you negotiate?
It’s sometimes argued that negotiation must produce one “winner” and one “loser.” Others suggest that a “win/win” situation is possible where each side gets something of value.
Real estate bargaining typically involves compromises by both sides. It’s not war; it’s not winner-take-all; and it’s not the time to take personally any comments made by purchasers.
Instead, negotiating should be seen as a natural business process; buyers should be treated with respect; and owners should never lose sight of either their best interests or their baseline transaction requirements. These are the standards unique to each owner, which must be met before the home can be sold.
Source partly: REALTOR.com
A sale agreement sets not only a purchase price for the home, but also a series of terms and conditions. For instance:
- Contracts routinely depend on the ability of a buyer to obtain financing, which is why most sellers prefer buyers with preapproval letters from lenders.
- A growing percentage of transactions involve a home inspection, or a physical review of the home by a trained and independent observer.
- Lenders will establish numerous conditions before granting a loan. They will want a title exam, title insurance to protect against title errors, termite inspections, surveys and an appraisal to assure that the home has sufficient value to secure the loan.
- The Brokers 12 REALTOR typically arranges required inspections and helps the owner prepare for closing.
When should you close?
With automation now available, closings can occur within a week in some areas — at least in theory. In practice, it takes time to arrange financing, conduct inspections, obtain appraisals, locate replacement housing, contact movers, pack and actually move.
While instant closings are not practical, neither are closings too far in the future. The problem with closings much past 60 days is that loan rates are difficult to lock in. If mortgage rates go up, it’s possible that the buyer will no longer be able to afford the home and thus the deal may fall through.
The result of these considerations is that most homes close 30 to 45 days after a sale agreement has been signed.
Closing — or “settlement” or “escrow” as it is known in some areas — is essentially a meeting where the closing agent (the party who conducts settlement) takes in money from the buyers, pays out money to the owner and makes sure that the purchaser’s title is properly recorded in local records along with any mortgage liens.
The closing agent reviews the sale agreement to determine what payments and credits the owner should receive and what amounts are due from the buyer. The closing agent also assures that certain transaction costs are paid (taxes and title searches).
Closing is also the time when “adjustments” will be made. For instance, suppose you’ve pre-paid taxes four months in advance. In this case, the closing agent will compensate you for the prepayment at closing by having the buyer pay you additional money.
It could also work in reverse. If you are behind on property taxes, the closing agent will reduce the money due to you at settlement by the amount of the unpaid taxes.
How do you prepare to sell?
It’s important to look at the sale agreement and review your obligations. For instance, if you have agreed to paint a room or replace the dishwasher, such work must be completed before closing. Your Brokers 12 agent can discuss your agreement and the steps which must be taken to complete the transaction.
The closing agent will handle both the settlement papers and related documents.
Source partly: REALTOR.com
Assistance and advice from your Brokers 12 REALTOR, can ease the moving process.
It’s ideally best to get rid of excess furniture and other goods by having a sale before you move. This will reduce the volume of goods to be moved and thus lower moving costs. Unwanted furniture which cannot be sold can often be donated to charitable groups, many of which will come to your home to pick up donations. All other unwanted items should be taken to a landfill. You should provide the U.S. Postal Service with a forwarding address, and utility companies should be advised when to end service. Check with utility companies to see if there is deposit money which should be returned.
How do you plan a move?
The time to plan your move begins once you’ve decided to sell your home. Some of the activities required to sell the home can actually help with the moving process. For example, cleaning out closets, basements and attics means there will be less to do once the home is under contract.
Your planning will be guided by a number of things:
- Are you moving a long distance? If yes, you’ll likely require an interstate mover and the use of a large van.
- Moving internationally. Contact the embassy in Washington, D.C., for information. Be aware that items which may be entirely common in the United States can be prohibited in foreign countries. Ask about customs protocols, duties and taxes.
- Moving locally? If yes, will you move yourself? You’ll need to consider packing boxes, peanuts, blankets or padding and a van rental.
- Planning is key. Stock up on boxes, packing materials, tape and markers. Always mark boxes so that movers will know where goods should be placed.
Who should you use?
The decision of who to use can begin with a discussion with your Brokers 12 agent who is marketing your home.
There are a number of factors to consider. Money is one issue: You’ll want to spend as little as possible, but choosing only on the basis of cost can be a mistake. Movers must have the right equipment, training and experience to do a good job. A mover, no matter how large or small, should be able to provide recent references for homesellers with a similar volume of goods to transport.
Get mover estimates in writing. Be aware that it’s possible to get discounts through membership organizations and, sometimes, on the basis of your profession: Clergy, for example, sometimes qualify for a discount.
Always confirm mover credentials. Movers should be licensed and bonded as required in your state, and employees should have workman’s comp insurance.
Get a checklist
Moving is a big job and checklists can make it more organized and easier. Here are some of the major items to consider:
- Money. If you’re moving more than a few miles then you should have enough cash or credit to cover travel, food, transportation and lodging.
- Medicine. Keep medicines and related prescriptions in a place where they will be available during the move.
- Number boxes so that all items can be counted on arrival. Make a list of boxes by number and indicate their contents.
- If moving with children, make sure that each has a favorite toy or toys, blankets, games, music and other goods.
- Moving historic, breakable or valued items? Such goods routinely require special handling and packaging.
- Have address books readily available in case you need help.
- If you have a laptop computer with a modem, make it accessible during your trip to pick up business and personal e-mail.
Source partly: REALTOR.com
Most front doors do nothing more than serve their purpose–to let occupants and visitors in and out. Ironically, this is also an area where you can make a huge impact without breaking the bank. Take a look at the front of your home. Does your front door have any accents? Trim work? Is the paint cracking and peeling? Does your current lighting scheme work?
Many front doors lack style due to the simple fact that they have no accents, and are improperly lit creating a shadowy entry. Fortunately, you can create a splashy, beautiful entry to your home without spending a fortune.
Some options include:
Replace the door. Replace the old door with a newer model of the same size. This will spare you the cost of resizing the opening, and still give you a lot of bang for your buck. Many models are built to fit into existing word work, which will also spare you the cost of having to replace the entire unit.
Add a storm door. Add an attractive storm door to protect the entry door and keep heat inside in the winter, and bugs out in the summer. Choose a door with a movable sash to allow for more flexibility.
Install trim work. Trim the exterior of the door with finish carpentry such as columns and a crosshead pediment to extend the width of the door. Ask your carpenter about high-density urethane foam millwork, a great option to high maintenance wood.
Lighting. Outdoor lighting can go a long way to create a warm welcoming effect for your guests. Lighting installed above or at both sides of the front door are good options. Be sure to hire a qualified electrician to install your new fixtures.
Article provided by Homefront, Monthly tips & Advice, October 2003, Volume, 4, Issue #10.
Solve Water Problems First
Even if you rarely have problems with dampness or flooding, it’s best to solve the problem completely before doing any remodeling work. Permanent solutions can take time to implement. A good place to start is to talk to an independent home inspector who specializes in waterproofing problems.
Choose the Right Uses
Consider using the space for activities for which typical basement characteristics offer natural advantages. The lack of light is useful when setting up a home theater or a dark room. The isolation helps create a sound break for a play area, a teenager’s hangout or a place to practice a musical instrument. Also, in basements, there is usually ready access to things like water lines and heating and cooling ducts. This makes adding a bath easier than it would be elsewhere in the house.
Get Help with Design
While your basement may not be much to look at now, you’ll want to end up with quality living space when the project is complete. An architect or interior designer can help you get the most out of the space. A little forethought and careful planning now can help you create a space that is attractive, comfortable and useful.
Pay Attention to Air Circulation
When your home was first built, the odds are that there were few if any registers or vents installed in the basement. When you remodel your basement, you need to think about the need for good air circulation, adding openings where necessary. You’ll also have to include a return air duct, but it’s important that it be located far from the furnace. Otherwise, it may suck dangerous furnace exhaust fumes back into the house. To be on the safe side, install a carbon monoxide detector in your basement so that you’ll have an early warning of any problems with the venting of the furnace or any other major appliances.
Maximize Natural Light
For many reasons, you’ll want more light. If parts of the basement extend above the ground, you can add new windows or enlarge existing ones. If that isn’t possible, another option is to dig window wells. Window wells can increase the odds of water problems, so it’s a good idea to build ones with waterproof covers. Another advantage of enlarged windows is that they provide alternative escape routes in case of fire. One concern that some people have about basement windows is that they provide thieves with ideal access to the home. One way to mitigate that risk is to install glass bricks (rather than conventional windows) at high-risk locations. Maximize the effect of regular windows by mounting some windows in the interior walls between rooms that open pathways for natural light to reach interior rooms.
Make Creative Use of Artificial Light
Typically, basement ceilings are low, so that you get the feeling you’re in a cave. To offset this, use indirect lighting that splashes large pools of light on the ceiling. This will open up the space and make rooms appear higher than they are. A mix of this up-lighting and traditional recessed lighting will give you the flexibility you need to create a variety of lighting moods. Mirrors, mounted on the walls or even ceilings, can also amplify and reinforce lighting effects.
Proper insulation is critical to creating a comfortable, dry basement. Besides keeping out the cold, basement insulation prevents condensation. The ground stays cool year round. It in turn keeps basement walls cool. When the warmer air in the room comes in contact with all those cool walls, it has to give up some of its moisture in the form of condensation. In fact, condensation is the primary source of the moisture that causes mold and mildew problems in basements. Effective insulation separates the warm air of the room from the cool walls, thereby preventing the moisture problems that stem from condensation.
Select Practical Furnishings
Use plush carpets and drapes sparingly, if at all. Surfaces that don’t absorb moisture are best. Also, be careful about storing clothes, linens and books in a basement. For floors, area rugs are ideal because they can be removed, cleaned and dried. If you must have wall-to-wall carpeting, consider a low pile commercial or indoor/outdoor type.
If you pay attention to details, there is no reason why you can’t create high value, high comfort living space in a basement. Properly finishing a basement only costs a fraction of what it costs to build an addition. That means you’ll have more money in your pocket for the next big home improvement project on your list!
MORE ON: Stylish Basement Remodels
When we think of a basement, a dark, unwelcoming room usually comes to mind. We think of an undecorated, boring space that most people use for storage. Basements don’t have to be stuck with this unpleasant reputation. We can change the look and feel of basements with a simple remodel. However, if your basement has never been worked on, you will need to start with a basic, overall finishing. Exposed pipes and concrete walls aren’t ready for design ideas!
Adding light, whether it is natural or artificial, can make a significant difference in your basement’s overall feel. Since basements tend to be dark and gloomy, adding light should be your first step. If part of your basement is above ground, take advantage of this by having as many windows as possible. You should let in natural light wherever possible so look for simple window treatments that allow the most light to pass through.
When natural light isn’t an option, artificial light can be used abundantly to create a warm atmosphere. No fluorescent light please! (While fluorescent lighting is very cost effective and energy efficient, it is not the most appealing option speaking in terms of design.) Table and floor lamps work well and some ceiling lighting can be used also.
Seeking out bright or dramatic color schemes should be your goal for your basement decor. Varying shades of red, blue, yellow, orange, and green add color and character to this notoriously dark room. If you already have a couch in your basement, try a bright slipcover to change the look and add coordinating pillows. Throw down some unique rugs to add texture and variety. Repaint the walls and put up new artwork.
If you are in the process of choosing furniture, you might want to consult a decorator to help you create your desired look.
Basements should be fun places for children and adults to escape. A true advantage of the basement is that it removes one from the rest of the world. We feel safe and secure. Add anything you love to your basement. If music is your passion, a stereo system can provide you hours of listening enjoyment in your comfortable, isolated basement. If you have children, add a table suited for playing games. For adults who like to play games too, invest in a pool table or pinball machine. An entertainment system with surround sound can transform this room into a home theater. Any of these options are sure to make your basement a fun and popular retreat for your family and friends.
Since basements tend to accumulate items that need to be stored away, try to keep your stored items to one part of the basement. Ideally, you will have a separate room or closet in your basement that can serve as storage. If this is not the case, consider building a closet into a corner to contain those items. Having an organized basement is key to the overall appeal. Think through your options, use your dreams, and get busy redesigning your basement!
Article provided by Homefront, Monthly tips & Advice, October 2003, Volume, 4, Issue #10.
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