2020 Vision: The Top Home Features You Can Expect to See Next Year

The year is winding down fast, and with the upcoming rush of the holidays, it’ll be 2020 before you know it. With a new year comes new trends, and you can expect a number of home design shake-ups both big and small.

Here are the top home features that are sure to be priorities for buyers in 2020!

Separate Laundry Rooms

A person carrying knitted blankets.

It might be a little unexpected, but laundry rooms were one of the most highly sought-after home features of the year, with a whopping 91% of buyers saying they’re essential. Many people also prefer the laundry room to be on the ground floor and sectioned off from the rest of the home.

In 2020, you can expect to see buyers continue to gravitate toward homes with designated laundry rooms—try brainstorming ways to bring more focus to yours!

Industrial Designs

An Edison bulb hanging in an industrial space.

The rustic farmhouse motif was certainly popular in 2019, but it doesn’t quite have the staying power of an industrial design. Next year, you’ll continue to see buyer’s seek out interior design elements like artisanal light fixtures, copper and metal hardware, concrete accents, and exposed brick.

Homes that already have these components incorporated will be a major plus—and while it’s a little tough to add brick walls and concrete accents if you don’t have them, there are other simple ways to industrialize your space!

Storage Space

A drawer filled with t-shirts.

As more and more buyers start moving towards smaller homes, efficient storage solutions become a high priority. In 2020, you can expect buyers to be on the hunt for homes that showcase their storage potential.

Built-in shelves along the wall, storage under the stairs, walk-in pantries—no matter your square footage, every inch counts. If you’re a seller, you can also use this to your advantage, staging your home in a way that emphasizes its efficient use of space. Think: a few extra storage cubes in your laundry room, a new shelving unit on an underused wall, or roll-out cubbies under your bed.

Green Features 

A light bulb sitting in green grass.

According to a survey from the National Association of Home Builders, green features have shot up to become one of the most sought-after features in a new home. In particular, over half of the survey respondents would invest nearly $10,000 for green features that would save them money, such as ENERGY STAR-rated appliances and windows, improved insulation, and efficient lighting. Other priorities included bettering the air quality in the home with things like dehumidification systems and electronic air cleaners.

If you’re planning to sell next year and have a little extra money to work with, consider making upgrades that’ll appeal to your buyers’ wallet.

Natural Finishes

A brick wall.

Next year, we’ll start seeing a move toward more unique homes, and nothing sets your space apart from the rest like natural features, including river rock, reclaimed wood, exposed brick, and steel accents. These elements don’t necessarily have to come with the home even—staging your space with a rustic wood bookcase or a contemporary geode end table will do the trick.

If you’re preparing your place for a showing or just need a few cohesive decorating tips, sprinkling plants and greenery can help balance out the heaviness of these natural elements.

Pastel Colors

A white chair in front of a Millenial Pink wall.

While 2019 may have been a year of bold colors, 2020 will usher in a muted era. Pastel shades like the popular Millennial Pink, Neo Mint, and Buxton Blue will be giving interiors a softer aura, reminiscent of 1970s-era home trends.

Additionally, accent walls have started slipping in favor, replaced instead by more strategic splashes of color, like painted doors and cabinets, two-tone walls, and accent furniture pieces.

Don’t Fall Behind in the Latest Real Estate Trends

Each year brings new fads to the real estate world, and keeping up with them plays a major role in impressing buyers. Need a little help staying in the know? We’ve got you covered! Follow along with our blog for the latest updates, and check out our specialized resources for all of your buying and selling needs.

Have a few more questions? We’re just a phone call away.

Helpful Tips for Selling Your Home during the Busy Holiday Season

Get ready to hang the lights, deck the halls, and spread some cheer—the holiday season is almost here! Juggling the holidays along with a home sale might be sound impossible (or at the very least, stressful), but we’re here to help you find the best way to balance both.

Here are our top 4 tips for navigating your home sale during the holiday season!

Use Decor to Your Advantage

Snowmen and twinkling lights set up as holiday decor for home sellers.

You don’t have to go all out with holiday decor, but a little seasonal warmth sprinkled here and there goes a long way! Hang some white lights along the staircase, add a wreath to the front door, and string some garland along the mantel. If you do opt for a tree, you’ll want to make sure it doesn’t crowd the room—perhaps even consider a tabletop version.

Bonus tip: scent is the sense most closely tied to memory, so use that to your advantage to appeal to buyer nostalgia! Bake some cookies beforehand, warm up a pot of cider, or light a few seasonally scented candles.

Be Flexible with Showings

A welcome sign hanging outside of a home being sold.

While you’ll probably have a busy schedule over the next month or two, you should make sure it doesn’t affect your availability for buyers too much. One of the biggest reasons people hold off on selling during the holidays is because they can’t be around to prepare their home…but intentionally making room in your schedule will make the whole process much simpler!

If you usually host a holiday party, consider asking a friend or relative to step in for you. If you’re traveling, try not to be gone for too long, and make it clear to your agent and any potential buyers when you’ll be back.

Work with a Home Stager (or Get Tips from Your Agent)

A modern coffee table decorated by a home stager.

If you either: A.) really don’t have time to stage or B.) don’t want to take any risks on your home not looking its best, then working with a qualified home stager is a great option! You might be skeptical, but home stagers have been specially trained and certified to optimize your space with the right decor and furniture—which often leads to faster and more profitable sales.

It’ll also take one more stressful task off of your plate, giving you more time to plan for the upcoming festivities. If you want a few recommendations for home stagers, just give us a call. Of course, we can always do a walkthrough of your home and offer personalized tips and DIY projects, if you’d prefer that!

Practice Smart Marketing

Two women meeting over a marketing plan for holiday home sellers.

Marketing a home is the key to reeling in the right buyer. It’s even more important during the holiday season, since fewer—but more serious—buyers are on the hunt. That’s where working with an agent really comes in handy! You can sit back, relax, and plan for the holidays, while we take care of getting the word out about your home through our comprehensive marketing resources, including our website, social media platforms, local advertising, professional contacts, and more.

And, of course, we’ll crunch the numbers and do the research to ensure that your home is priced at the best number for your interests.

List Your Home this Holiday Season

Balancing a home sale and the holidays can be stressful…but not if you work with a professional! Enlist our help, and we’ll be around to carry some of your workload, reduce your stress, and sell your home for top dollar—and answer any and all of your questions along the way. Ready to list your home? We’re just a phone call away!

The Top 5 Exterior Areas to Fix up Before Listing Your Home this Fall

You’ve probably heard that spring and summer are the best times to sell your home, and we’ll be honest: they do have their perks. But with mortgage rates remaining low and motivated buyers steadily flowing into the market, this fall is shaping up to be a pretty profitable selling season.

If you’re gearing up to list your home soon, then you’ll need to pay extra attention to your outdoor areas. Here are the top five spaces to give a little TLC to before you sell!

The Lawn

An old rake leaning against the wall of a home.

Once you’ve raked up the leaves, you might think your lawn is all taken care of. But there’s much more to fall lawn care than bagging up leaves! If temperatures haven’t majorly dropped by the time you list, you’ll need to keep mowing your lawn—it’ll continue growing until the first hard frost.

If you’ve got a few bare spots in your yard, fall is also the perfect time for over-seeding! Since the ground is relatively warm but the sun isn’t quite as powerful as in the summer, growing conditions are better than ever. Just be sure you’re providing your lawn with plenty of water, and those sparse spots should start to fill in.

The Garden

Pumpkins and gourds sitting on a table.

Since you’re planning a move, you probably don’t want to start planting new veggies, but there are other ways to give your garden a fresh look. First, you’ll want to make sure all of your leftover plants from spring and summer are cleared out, and your plot is weed-free. Once that’s taken care of, it’s time for the fun part!

Picked up a few pumpkins or gourds from the farmers’ market? Set them out near your doorstep. Need a home for a scarecrow or two? Give them a perch on either side of the garden. You can fill in any blank space with potted plants like mums or sunflowers or a decorative holiday banner!

The Roof 

Leaves in a gutter.

With trees shedding leaves and dead branches, you’ve probably got a decent amount of brush and foliage dotting your roof. Now’s the time to pull out the ladder and do a clean sweep. Plus, it’s the perfect chance to get a look at the condition of your shingles and see if any need replacing!

While you’re up there, be sure to sweep out your gutters, as well. There’s a good chance the extra debris has them more clogged up than usual, which could lead to flooding or exterior damage. Clearing them out will prevent any issues, and show buyers that you go the extra mile in maintaining your home.

The Porch

Fall decor including a wreath, potted plants, and gourds, all placed around a small bench.

The crowning glory of your home’s exterior, the porch should act as the first taste of what the inside of the home has to offer. You want to strike the perfect balance between warm and welcoming and clean and clutter-free!

First, take care of spiffing the space up by sweeping the floors, ringing out the welcome mat, and dusting off any outdoor furniture. If you have one too many chairs or a crowded collection of potted plants, you should remove some of the clutter.

Then, add a little character! Put a few pumpkins by door, set out a scented candle or two, swap out your porch light for a warmer wattage, and update your throw pillows—just be careful not to overdo it. Since your porch space is likely relatively small, a little goes a long way.

The Front Door

A welcome sign and a small wreath on a white front door.

It’s only a small portion of your exterior, but if you play your cards right, your front door can be one of the most eye-catching parts of your home. Nothing draws attention like a fresh coat of paint, so you should consider picking a shade that pops and matches your siding—like a warm red or a bold blue. At the very least, you should use furniture wax or dish soap to scrub out the dinginess.

Once you’ve revamped your door, it’s time to accessorize! Since it’s fall, you should be able to easily find a seasonal wreath to hang. If you really want to go the extra mile, think about replacing your house number or knocker with some shiny new hardware.

Need a Few More Tips?

If you want to make sure your home is staged to impress—in all areas—then we can help. In addition to our home-staging resources, we’d also be more than happy to do a walkthrough of your home and recommend a few personalized decor suggestions or DIY improvements.

From helping you stage to navigating closing, we’ll be there to help you through the selling process, every step of the way. Whenever you’re ready to get started, we’re just a phone call away!

Kicking Clutter to the Curb: Transform Your Home with These 4 Decluttering Tips

We’ve all been there. One day, you look around your house, and there’s just So. Much. Stuff. Stuff in boxes, stuff on the walls, stuff in the corners—just…stuff. If you’re gearing up to sell your home, you’re going to have to deal with all that accumulated clutter eventually. Luckily, there are plenty of simple strategies for getting the job done!

Arm yourself for the Crusade Against the Clutter, and use these top tips to transform your home before selling.

Start Early

A to-do list.

If you aren’t prepared, things can quickly get overwhelming. After all, you’re not only getting your home ready to sell, but you’re also packing things up, finding a new home, and dealing with your finances. It makes sense that decluttering your home isn’t first on your list, but it’s one of the most important steps!

Before you list your home, you want the space to be ready to wow buyers from the second they walk through the door. If you kick off your decluttering months in advance, you’ll be in much better shape come listing time.

Expand Your Storage

An organized silverware drawer.

For many people, clutter accumulates simply because they don’t know what they actually have. An easy way to fix this issue and make your home more organized is by coming up with an intentional storage solution.

Hit the store and pick up some sliding storage and plastic tubs, then label each unit and keep it stored anyway until needed. That way, you’ll know exactly what you have and where it is. Never worry about misplaced holiday decorations or a surplus of school supplies ever again! Plus, a lot of your stuff will already be neatly packed away come moving time.

Take It Little by Little

A man and woman carrying boxes.

Decluttering can be a long process, filling up nights and weekends and free time—especially if you put it off until the last minute. Luckily, if you start ahead of time, you’ll have the luxury of taking it little by little. And not just one room at a time—we mean really little, like an hour or two hours spent on just the kitchen cabinets or bedroom closets.

You can even make it fun! Get everybody in the house together and play a game of 12-12-12. The rules are simple: walk through the house and find 12 items you want to keep, 12 items you want to get rid of, and 12 items you want to sell/donate. You’d be surprised how quickly you can reduce your clutter after a few rounds, and it only takes a couple of minutes!

Make it FAST

Clutter.

For the last tip, we’ve gotten the inside scoop from professional organizer, Peter Walsh. Walsh says that decluttering is as simple as remembering this short acronym:

Fix a time. Plan ahead, and find a time that works for everyone in the house—and make attendance mandatory!

Anything not used in twelve months. If you haven’t used it in a year, then you probably don’t need it. Ask yourself a few questions: Do I need it? Is it valuable to me? Is it worth the space it’s taking up? If no, then kick it to the curb.

Someone else’s stuff. Still have that borrowed tupperware? Give it back. Holding onto things that family members have left behind? Send it their way. If it’s not yours, find a new home for it!

Trash. It’s easy to get sentimental and hold onto things that are well past their expiration date (metaphorically speaking). Don’t be afraid to take the plunge—and maybe even go overboard—and trash some of your older belongings. If you don’t want to go full in and trash it, then you can always donate it to a good cause.

Get Your Home Ready to Sell

Decluttering is just one small step in the selling journey—albeit a fairly time-consuming one. Luckily, we’re here to help you carry the load! Give us a call to learn a few more tips for getting rid of your clutter and staging your home for success.

In the meantime, feel free to explore our additional selling resources, like our neighborhood sold report and Comparative Market Analysis, and let us know when you’re ready to get started!

The 5 Biggest Mistakes to Avoid When Selling Your Home

If you’re gearing up to sell your home, you’ve probably read tons of articles all about what you should be doing…but what about what you shouldn’t be doing? After all, selling your home is a huge financial decision, and a misstep could mean losing out on your hard-earned profit.

Don’t let something as easy to fix as not staging or pricing incorrectly throw off the success of your sale! Here are the top five mistakes to avoid when selling your home.

Setting an Unrealistic Price

A man looking at his laptop.

It might come as a surprise, but pricing a home is tricky. Not only do you have to take into account what homes around yours have recently sold for (or, in other words, what buyers are willing to pay), but you also need to know how to value any updates and improvements you’ve made. Plus, you want your home to be priced so that it pops up in as many online searches as possible. When it comes to finding that magic number, sellers’ emotions often cloud the ability to accurately price a home.

So you’ll just use an automatic estimator, and that’ll take care of things, right? Well, only if you’re okay with using outdated data and not taking into account any upgrades you’ve made. The best way to get a price that guarantees you’ll maximize your investment? Enlisting the help of an experienced local agent. 

Ignoring Major Repairs (or Making the Wrong Ones)

A man fixing a sink.

During the inspection process, your home will be reviewed with a fine-tooth comb. Any things you’ve been avoiding, like leaky faucets, outdated water heaters, or water damage in the ceilings, will be noted and shared with buyers. Additionally, if there are any major necessary repairs that you didn’t disclose ahead of time, you could find yourself in serious legal trouble—or with a cancelled sale on your hands.

Limiting Showings & Failing to Stage

An iPad sitting on a coffee table in a living room.

You’re selling your home, but you want to sell it on your terms. You don’t want to have showings every weekend or on short notice, and you don’t want to have to rearrange furniture or remove decor for staging. While changing your home or lifestyle to accommodate buyers might seem like a major hassle, being inflexible is only going to hurt you in the long run.

Buyers are going to want to see your home, sometimes more than once, and it needs to be looking its best if you want to get serious (and competitive) offers. In fact, staged homes have been shown to sell almost 90% faster and for a 20% higher profit than non-staged homes!

Letting Your Emotions Get in the Way

A woman and a child playing on a tablet.

You’ve made a lot of memories in your home, and the space likely holds indescribable value to you. So hearing people walk through the house and point out all of the flaws—then not make an offer—can be draining. A good rule of thumb for selling? Think of the process as a business transaction, and think of yourself as a salesperson, not a homeowner. Creating that divide will not only improve your emotional state, but it’ll also help you see exactly how your home can be better than it is.

Not Hiring an Agent

People meeting at a table.

Thinking of listing For Sale by Owner to avoid agent commission fees? In reality, selling FSBO can actually COST you money in the long run;. according to a 2016 study by the National Association of Realtors®, the average price for a FSBO home was around $185,000—which is $60,000 less than the average price of a home listed by an agent ($245,000).

Aside from pricing, there’s a lot more that an agent can help you with. They’ll come up with a marketing plan for your home, suggest personalized staging strategies, conduct open houses and showings for you, and guide you through any problems or roadblocks along the way, all of which will take a load of work and stress off of your shoulders.

Ready to List Your Home?

Feeling a little intimidated by the home-selling process? Don’t worry—we’re here to help! Not only can we give you a few more pointers on what you should and shouldn’t do, but we’ll also be around to guide you through every aspect of the sale, from listing to showings to closing.

Ready to learn a little more about what it takes to sell for top dollar? Just give our team a call to get started!

A New Kind of Home Buyer: Tips for Marketing Your Home to Millennials

Millennials get a lot of flack, but they’re an important part of the real estate market. In fact, they make up the largest generational percentage of home buyers right now!

So, if you’re planning on selling your home soon, it’s important to keep the average millennial home buyer in mind. This generation is unlike any that’s come before it, and the way they buy everything (from laundry detergent to life insurance) is unique.

When it comes to catching the eye of the discerning millennial home buyer, here’s what you need to do:

Create a Strong Internet Presence

It goes without saying that millennials rely on the Internet for, well, everything. This isn’t unusual: the Internet makes every kind of shopping easier and more accessible.

As such, giving your home an effective online presence is key. It needs to be easy to find via the most popular home-buying networks, and it has to look great no matter the screen size. After all, more home buyers than ever before are using their smartphones to find their dream home.

Don’t Underestimate the Importance of Professional Listing Photos

A beautiful modern kitchen.

Because millennials rely on the Internet to search homes for sale, your home’s photos have to stand out in a big way. After all, with the right photographer even the smallest home can look like a palace.

So, don’t skimp on this expense! Great photos could be the difference between a home selling within hours, and a home languishing on the market for months.

Show How Your Home Will Improve their Lifestyle

Millennials are looking for homes that will improve their lifestyles and be close to wherever they need to be during the week. As you market your home online, be sure you’re highlighting both its features and location in your listing description.

Tell an exciting story of how much better their life will be once they buy your home! Craft your listing description to carefully touch on all the best parts of your home and its surroundings, and let buyers know exactly why they need to buy it.

Know What Millennials are Looking for in a Home

A pair of hands typing on a smart phone.

So, what are millennials looking for anyway? Market research finds that millennial buyers are attracted to affordable homes with eco-friendly and smart features. If your home has any green features or environmentally friendly add-ons, you’ll definitely want to highlight them.

In addition, if you’ve outfitted your home to accommodate any smart features that use technology—like a Nest thermostat or other Smart Home appliances—be sure to mention that in your listing description and social media promotion.

Use a Pro to Market Your Home

The easiest way to market your home to millennials? Work with a real estate specialist who understands this unique market—and how to best target real estate’s next generation of buyers.

Here at Linda Craft & Team REALTORS®, we have an in-depth understanding of the Raleigh real estate market. Allow us to market your home and sell it for top dollar within your timeline.

Give us a call today for more information about selling your home to millennials!

The Best Smart Home Technology for Upping Your Home’s Value

Repainting the walls, updating the kitchen and bathroom, replacing the hot water heater—there are ways to increase your home’s value that stand the test of time. But as the market and the priorities of buyers change, there are newer, more popular ways to get a high return on your investment!

Smart home technology is becoming a bigger factor for buyers, and it’s not hard to see why. Things like smart appliances, high-efficiency lighting, and programmable thermostats aren’t only convenient, but they also save you money on utility bills! Lucky for sellers, smart home technology is pretty affordable compared to other value-boosting projects and can increase your home’s resale value by a few percentage points.

Whether you’re selling your home soon and looking to get top dollar or just curious about your options, take a look at our guide to the top smart home technology to install in 2019.

Smart Appliances

A new kitchen with new appliances.

Pretty much every appliance in your home has a “smart” option—refrigerators, washers and dryers, faucets, ovens, you name it. Smart fridges can self-adjust the temperature and create grocery lists, smart ovens allow you to check how much time is left from your phone and preprogam recipes, and smart washers will run during the most cost-effective time of day.

As far as what to install, you don’t have to replace every appliance with a smart version, but think of what’s most practical. Since kitchens and bathrooms are priorities for buyers, consider replacing the fridge, oven, or faucets.

Smart Security System & Locks

A smart lock on a door.

Installing a smart security system is one of the most popular smart improvements you can make. According to T3 Sixty’s recent survey of buyers interested in smart home technology, the largest amount of interest was shown for smart security systems.

The security includes anything from cameras that upload footage to a virtual database to locks enabled by wifi. Some companies, like Nest, Ring, and SimpliSafe, offer bundle packages with alarms, cameras, and smart doorbells. Since security is such a high priority for buyers, these systems will likely show one of the highest returns on your investment.

Smart Lighting

A lightbulb sitting in grass.

You know those lights that turn on when you clap? This is the next level. Not only can smart lighting be controlled via apps, but it can also be set to trigger under certain conditions, like when you walk by or when you leave for work. Forget to switch the lights off before leaving? No problem—you can just turn them off from your phone!

It’s recommended to buy a starter pack, since those come with light bulbs and other supplies you’ll need for setup. Once that’s all installed, most systems are compatible with smart speakers like the Amazon Alexa and Google Assistant.

Smart Thermostats

A smart thermostat.

Buying a home is a big investment, so if you can show potential buyers how your home can help save them money, it’s going to make your property that much more desirable. According to studies conducted by major smart thermostat providers like Ecobee and Nest, homeowners saved 23% in heating and cooling costs (Ecobee) and around $150 annually (Nest). You can even estimate what the savings in your home might look like with an energy calculator!

The most popular smart home thermostats are Ecobee and Nest, which will run you around $200 – $300. If you’re interested in a budget option that will still look flashy to buyers, check out Honeywell. Of course, each system offers different features, so be sure to do a little research beforehand.

Smart Blinds

Blinds.

Smart blinds are a little more of a cosmetic perk for buyers, but they do have their money-saving benefits. You can set the shades to open or close based on peak sunlight times or the temperature of your home, which saves a few extra dollars on heating and cooling here and there. They also add an extra layer of security and convenience to the home, both of which are big selling points for today’s buyers.

Depending on the model you get, you can control your smart shades through an app, a smart hub, or even just your voice. You can even coordinate them with other smart features in your home, like the lighting or smoke detectors!

Check out options like the Serena smart shade by Lutron, the Pella Insynctive line, or Ikea’s upcoming August line.

Getting Ready to List Your Home?

While smart home technology might be one of the most popular ways to up your home’s value right now, there are a number of other options. If you’re curious, our team can even do a walkthrough of your house, suggest a few upgrades, and tell you the most competitive listing price!

Whether you’re getting ready to buy, sell, or just starting your home search in the Triangle area, the Linda Craft & Team REALTORS® will be around to answer all of your questions along the way—just give us a call!

The Top Tax Deductions & Credits for Homeowners in 2019

Taxes are confusing, which is why many people in the U.S. choose to hire an expert to do their taxes for them. After all, there are so many numbers to know, forms to have ready, records of income and expenses, W-4s, 1099s, 380-Ts—we could’ve just made that last one up, and there’s no way of knowing!

Even though taxes might be complicated, they (sometimes) have a few perks. And if you own a home, those perks could mean a major bonus on your return. If you’re thinking of buying a home before next year’s taxes are due, here’s everything you need to know about how making a home purchase can affect your returns.

A calculator app on an iPhone.

Deductions vs. Credit

Before we kick off the fun stuff, it’s important to know a little jargon—namely, the difference between a deduction and a credit.

When it comes to credits, think of them like tax-related coupons that reduce your dollar-for-dollar total. A few major tax credits include child tax credits, adoption credits, education or retirement credits, or credits for energy efficient homes and cars. Depending on the credits you qualify for, you could get anywhere from a few hundred to a few thousand dollars taken off of your tax liability.

Deductions are a little different: they reduce your taxable income, which can then adjust the total that you owe. Claiming certain deductions means that that part of your income is exempt from being taxed. Knowing which deductions to claim is key when filing, especially for homeowners.

Tax Benefits for Homeowners

Buying a home is expensive, but when it comes to tax time, here are the ways you can make some of that money back.

Various tax documents.

Mortgage Interest

One of the reasons that taxes for homeowners are so confusing is because they tend to change based on federal standards. Over the past few years, the federal Tax Cuts and Jobs Act pretty drastically altered the tax benefits for home ownership.

The most important change to know this year has to do with mortgage-related deductions. Previously, the tax deduction for home mortgages was limited to interest paid on $1 million debt for jointly filing married couples and single filers and $500,000 for married couples filing separately. Now, the numbers look more like $750,000 for the former and $500,000 for the latter. Additionally, interest paid during closing can also be counted towards this number.

Property & State Taxes

Did you know that the amount you pay in property taxes, state income taxes, and local sales tax is also deductible? If you pay property taxes through escrow, your lender will need to get the amount for you on your 1098 form, otherwise you should be able to find it in your personal records. The latest tax laws have instituted a cap at $10,000, but every little bit counts!

Private Mortgage Insurance (PMI)

Believe it or not, tax deductions on PMI are a hotly contested subject. Until recently, buyers were able to deduct the payments they made on Private Mortgage Insurance, but as of 2017, that ability expired. If you did buy your home before 2017, then your yearly income will determine how much you can deduct.

There’s no timeline on when deductions for PMI could return, but, unfortunately, if you’re a more recent home-buyer with these payments, those perks aren’t currently available.

Credits

We talked a little bit earlier about the difference between deductions and credits, so what sort of credits can you get as a homeowner? One of the biggest tax credits that homeowners can cash in on is having energy-efficient homes. In fact, if you installed geothermal heat or solar energy, you could be entitled to credit for up to 30% of the installation fee.

Other energy-efficient features, like storm doors and added insulation, can net you a few hundred dollars in credit, as well.

A person holding several one hundred dollar bills.

Tax-Free Profits

While many parts of the tax law have changed in the past few years, one aspect has stayed the same: tax-free profits. Selling your home not only means a big profit after the sale, but a large portion of the money you make won’t even get taxed—meaning you get to pocket more.

Married homeowners who sell their homes won’t have to pay capital gain taxes on up to $500,000 from the sale, while single filers can keep half of that as non-taxable income.

While there are some guidelines—like the home must have been a primary residence for at least two of the past five years—it’s a big plus when it comes to selling.

Want to Explore More of the Benefits of Home-Owning?

Believe it or not, there are a lot more benefits to owning a home than tax deductions.

If you need help navigating the ins and outs of the home-buying and home-owning process, Linda Craft & Team REALTORS® is here to help. With years of local experience and Raleigh real estate expertise, we have the skills and resources necessary for home-buying and selling success.

Ready to learn more? Just give us a call.

Up Your Home’s Resale Value with These 5 Outdoor DIY Projects

Spring is here, and summer is closer than ever. That makes it a great time to get outside and spruce up your home’s exterior!

If you’re planning on selling your home soon, a little outdoor maintenance can go a long way. In fact, here are five outdoor projects you can do yourself that are sure to add resale value to your home.

Install a Fire Pit

Fire burning in a backyard fire pit.

Imagine spending a warm summer evening out back with your friends, sipping cool drinks and roasting marshmallows over an open fire. The truth is, installing a fire pit is easier than you might think!

A fire pit is made out of fireproof materials and should sit on a flat surface at least 15 feet away from your home and any trees. Here’s a how-to guide for building a backyard fire pit.

Remember, check your local building codes before beginning any type of construction!

Don’t have a yard for a fire pit? Turn your balcony into a cozy dining area instead!

Add Some Outdoor Lighting

Transform your backyard space for summer with lights that add both ambience and security. You can safely add low-voltage lighting to your front or backyard by yourself, even if you don’t have extensive electrical experience.

Whether you opt for motion-activated LED lights or hanging fairy lights, you have some great options to consider for your yard!

Have a nice back deck or balcony? Add some lights to make it a great place to gather any time, day or night.

Fix the Front Door

A front door with a key in the lock.

Your front door should be clean, bright, and welcoming! After all, it’s the first thing potential buyers will see when they enter your home.

There are a couple of different options to freshen up your front door. If it’s very old or damaged, you could replace it altogether. Other options for sprucing up your door include painting it a different color,touching up the paint job, or replacing the doorknob or knocker.

Live in a condo with an interior front door? You can still spruce up your entryway with a nice welcome mat and some potted flowers.

Power Wash the Exterior

Dirty siding on your home can make it look old and neglected, which can be a major turn-off for buyers! A simple solution to get your home’s exterior looking like new is to rent a power washer to take care of any dirt. We recommend renting a heavy-duty, gas-powered pressure washer, as these are the most efficient.

Depending on your home’s specific material (vinyl, stucco, brick, etc.), you will need to obtain a specific type of detergent to power wash your home. Be sure to opt for an environmentally friendly version!

Refresh Your Landscaping

The front exterior of a home that's been manicured with trimmed shrubs and flower beds.

Taking the time to properly maintain your landscaping—and adding a few new features here and there—can both increase your home’s resale value and attract more buyers. After all, real estate is all about the curb appeal!

Installing an attractive stone walkway, mulching your flowerbeds, planting new flowers or shrubbery, and planting trees are all great ways to improve your home’s landscaping.

Don’t have a yard? You can still spruce up your entryway and outdoor areas with potted flowers or hanging planters.

Looking for More Home-Selling Strategies?

Linda Craft & Team REALTORS® can help you increase your home’s value and get it sold fast.

Contact our team today to learn more.

Spring into the Selling Season with These Pro Cleaning Tips

In just a few short days, we’ll turn the corner into warmer weather. There’ll be no more cold mornings, flowers will bloom, trees will grow, birds will sing, and it will officially be spring. Okay, maybe the changing of seasons doesn’t work quite so suddenly, but spring does mark the beginning of a notoriously busy home-buying season.

Since buyers are so active during spring, there’s no better time to list your home. But if you want to stand out in the crowded market, you’re going to have to dig deep into some spring cleaning beforehand.

Here are a few things you can do to kickstart your home-selling, spring cleanup process!

Make a Plan

You don’t have to get all of your cleaning done in one day—or even one weekend. All you need is a solid plan, even if it takes you a few weeks to complete. Take a look at what areas in your house need the most work, and get down to planning out nitty-gritty details.

Coordinate your plan by room and move along space by space, leaving nothing but sparkling clean surfaces in your wake.

Get out Stubborn Stains

A pair of boots sitting on a white carpet.

Maybe you’ve been avoiding cleaning because you know your home has some serious problem areas. Whether it’s getting a years-old stain out of the carpet or returning grungy bathrooms and appliances to their former glory, it’s possible to get out even the worst of stains.

Vinegar, dish soap, warm water, baking soda—these simple household items can get rid of anything from wine stains to mud tracks to coffee spills. All it takes is a little time and some elbow grease!

Try Some Value-Adding Projects

A man rolling a paint roller in a tin of yellow paint.

Since you’re already devoting some time and energy to making your home look its best, why not try a few DIY fixes, too? There are tons of small updates that’ll only take up a few hours of your time, but are worth your while when it comes to selling.

From putting a fresh coat of paint on the walls to power washing your siding, all it takes is a quick trip to your local hardware store to make your home look 10/10.

Dig into the Kitchen & Bathroom

A kitchen sink with the water turned on.

It’s no secret that the kitchen and bathroom are the two most important areas to a buyer. So when you’re making your spring cleaning plan, put some extra time and thought into how you can improve these spaces.

In the kitchen, focus on scrubbing every surface—floors, cabinets, countertops, etc.—cleaning out your drain, and polishing up the appliances. For the bathroom, get rid of any mildew or grime discoloration, and put some elbow grease into cleaning the cracks and crevices in the room.

Think Green

A closeup of blades of grass.

Cleaning can introduce a lot of dangerous chemicals into both your home and the area around your home, but using them can sometimes seem unavoidable. If you’re worried about storing and using hazardous materials around your home, there are plenty of safer ways to make your own cleaning products.

In fact, vinegar, dish soap, baking soda, and water can get most of the jobs you need done, and done well. You can also find a few eco-friendly cleaning products at your local grocery store.

Sell Your Home this Spring

Spring is one of the best seasons to sell your home, so don’t miss out on all of the potential buyers browsing the market. If you’re thinking of selling this spring, now is the time to get started.

Contact us at Linda Craft & Team REALTORS® to learn more about what you need to do to get your home in top shape for spring selling, and let’s get started with your real estate journey today!