May 20, 2012

Paint Colors 2011 Miniseries: For Living in & Listing your Home

Current Color Trends

If you don’t count black, white, brown and gray, there are really 6 colors to choose from in the rainbow spectrum. But oh the variations. Whether a purple is muted or bright, how light or dark it is, and other factors add to its current trend appeal. Since there are so many ways to look at which colors make good current, seasonal choices, we will take on the topic as a miniseries over the next week or so.

I’ve been roaming around finding out which paint colors each company is rolling out this spring, dubbing the color trends of 2011 (Kelly Moore, Glidden/ICI, Benjamin Moore, Sherwin Williams, Olympic and more). But no matter what the trends are, a house is only a home if the owners enjoy it and if they are surrounded by what they love. So, we can all take the trends with a grain of salt but it’s fun to know what they are.  Paint companies, fashion designers, and retail stores in general spend crazy amounts of money on which colors will sell best every year—so if we’re concerned with following trends for our own paint palettes, there’s no need to recreate the wheel. The information is ready and available. All that’s needed is to walk through a department store or home décor outlet to find out. Or, pop into all the paint companies’ stores like I did.

And whether you’re getting your house ready to sell, or planning on living in it a long time, the trends might play a part with your paint decisions. If you’re home selling, your situation will be a bit different as you need to generally appeal to a wider audience (but please still do not be afraid of color) – see our blog post on whether neutrals or colors are better when getting your house ready to sell. And if you are staying in your home (which will be the case for most of our readers) you can take more risks. It’s only paint – if it’s too avant garde once it’s on the walls, it can be changed. Most good painters will even repaint immediately for a nominal fee.

So on the next post, we’ll dive into paint colors for 2011. We will explore my findings, and of course my opinions, room by room.

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Need to find a contractor for a remodeling construction project? Get a contractor list of recommendations from The Listing Look (Silicon Valley realtor professionals) by clicking “Find a Contractor” in the top navigation.

Home selling? Find out your home value & start the consulting process for getting your house ready to sell by clicking My Home Value in the top navigation. Or, if you are interested in a complimentary 30-Minute Consult on getting your home ready to sell, call Kelsey Lane today to set a time: 408-316-0660, kelsey@kelseylane.com.

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The Staging Controversy: Neutral Paint Vs. Color When Getting Your House Ready to Sell Part 1

In the Silicon Valley realtor-culture, I’ve been taught to always use Kelly Moore Oyster on the walls and Swiss Coffee on the trim, when you’re getting a house ready to sell. This advice has come from local stagers, contractors, and painters alike. Of course my own house looked like a box of crayons exploded – cranberry zing in the kitchen, sunset yellow in the living room, willow sage in the hallway and off we go with a new color in every room.

When I go to preview a house for a client, or even myself when I’m in the market, I feel out of sorts when there’s no color. If it’s all white or boring neutrals, immediately my mind starts racing as to what colors would make the space feel more comfortable. Yet I know the typical industry mantra has been to keep it neutral for buyers. All of this got me wondering and I decided to weigh in with professional stagers from across the country to find out if neutrals truly sell a house better than color. The controversial findings were much more interesting than expected. It was a country divided.

Elizabeth Buetow, a Certified Staging Professional from Toronto, Canada said “A color palette is risky. Despite what we may feel would look good in any space, we do not know what the prospective home buyers tastes are like…their color peeves. I have been very successful in keeping with neutrals. Let not color be a reason to lose them.” While I respected the strength of her statement, I have to wonder if by catering to the masses, we lose the appeal of one specific buyer who would be willing to pay a slightly higher price because we created a dream for them?

Even among all the stagers who favored the neutral side, there were different perspectives within the group. “One of the colours that I see all the time that I recommend clients change is a dark, drab beige–it makes the room feel dreary and depressing,” cautioned another one of Canada’s top home staging experts Joan Stirling. “People seem to think that all neutrals work well…not true.” Rather, she recommends using a taupe-grey called O’Keefe Grey by ICI Paints and also likes A Touch of Grey. She uses one of these main colors on the ceilings, walls, and trim to create a modern look and visually expand the space (instead of using a different trim color). Stager Cindy Richter from Texas had similar thoughts but inspired me as to how neutrals can actually be colors. “I always tell clients to paint with neutral colors – but neutral isn’t just white or beige,” she said. “Neutrals are also soft greens, blues, grays and tans-just make sure to check the color with the lighting that is already in the room at different times of the day.”

Mary Habres, a stager from Jacksonville, Florida agreed with the “colored neutrals” theory but added, “It’s also important that the colors you choose reflect light to make the space appear larger. The deeper the value of the color on a trip, the less light it will reflect.” Others seemed to think painting the ceiling in the same color also visually enlarged the space. (I personally have never been a fan of that, but I guess that’s what makes the topic controversial.)

Click here to read part 2.

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Home selling? Find out your home value & start the consulting process for getting your house ready to sell by clicking My Home Value in the top navigation. Or, if you are interested in a complimentary 30-Minute Consult on getting your home ready to sell, call Kelsey Lane today to set a time: 408-316-0660, kelsey@kelseylane.com.

Getting ready to buy a house? Use our Santa Clara County property search tool to create & save your search.

Need to find a contractor for a remodeling construction project? Get a contractor list of recommendations from The Listing Look (Silicon Valley realtor professionals) by clicking “Find a Contractor” in the top navigation.

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National Home Selling Survey Results: (Part 3 of 3) Marketing while selling a house

Keller Williams Realty conducted a national survey based on over 2,000 KW realtors and the homes they sold over a 6-month period, ending December 2009. The housing market results have just been published in a 2010 Keller Williams Market Navigator “White Paper” of sorts. I wanted to pass along information from this important report, in a three-part series on the home selling portion of the survey. The first covered getting your house ready to sell & the second concerned home value. This portion deals with marketing while selling a house.

Survey results for marketing during home selling:

  • This national survey piggy-backed on the National Association of Realtors survey about home buyers…which reported that 90% of those home buying use the Internet to search for homes. Those home buying, after searching on the Internet took the following actions: 77% drove by the home; 61% walked through the home; 22% requested more information. And, those who were home buying cited the following as most useful online: photos, detailed property information, virtual tour, realtor contact information, plus more.
  • The KW realtors in the survey used the following means of marketing for selling a house: MLS, for sale signs, online placement, open houses, web listings, and fliers.
  • Curb appeal ranked as one of the most important ways of marketing during home selling, since online buyers typically drive by a home before requesting a showing. 52% of those home selling took an effort to improve their curb appeal. 77% to 89% of the homes sold had good to excellent curb appeal, and those selling a house spent an average of $1233 on curb appeal improvements. The top five best upgrades were trimming landscaping, applying mulch, adding new landscaping, power-washing, and washing the windows.

In today’s housing market, applying the strategies from this series — getting your house ready to sell, pricing for correct home value, and marketing well while selling a house — likely will translate into more money at closing.

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Home selling? Find out your home value & start the consulting process for getting your house ready to sell by clicking My Home Value in the top navigation.

Getting ready to buy a house? Use our Santa Clara County property search tool to create & save your search.

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National Home Selling Survey Results: (Part 1 of 3) Getting Your House Ready to Sell & Staging

Home Selling Survey

Keller Williams Realty conducted a national survey based on over 2,000 KW realtors and the homes they sold over a 6-month period, ending December 2009. The housing market results have just been published in a 2010 Keller Williams Market Navigator “White Paper” of sorts. I wanted to pass along information from this important report, starting with this three-part series on the home selling portion of the survey.

Getting Your House Ready to Sell & Staging

The first part of the results on home selling dealt with, essentially, getting your house ready to sell. Here were some of the important findings:

  • Realtors recommended that those selling a house should have a prelist inspection conducted and then make an effort to complete the repairs and upgrades suggested. Only 1 in 11 of those selling a house had a prelist inspection done. However, on average, preinspected listings received more offers than those that were not (on average, one additional offer). The realtors cited 2 of the top 5 reasons for contracts faling through were inspection issues and appraisal problems which could have been addressed prior to listing. Sellers spent an average of $500 to $2383 on any remodeling construction/repairs needed. The most common repairs were electrical work, pest control & roof repairs (in over 60% of the listings eac h were performed).
  • It was found that those preparing to buy a house are attracted by location, neighborhood, floor plan, upgrades in a home, and curb appeal. Of those, only two can be improved: upgrades and curb appeal. Which brings us to the condition of the home selling condition. 84% of those buying a house said condition is not to be compromised. Homes in good to excellent condition sold 16 days faster and 1.6% higher, with .4% fewer price reductions than homes in fair to poor condition. Those home selling spent an average of $3562 on upgrades when getting their house ready to sell. Common upgrades were flooring, paint, light fixtures, appliances, plumbing & hardware often at the recommendation of the realtor. The work typically started anywhere from 2 to 6 weeks prior to listing on the housing market.
  • Which brings us to the icing on the cake — staging. Staging a house meant at least two more showings on average and a higher list-to-sale percentage achieved…1 percentage point higher. Only 1 out of 3 sellers did any type of staging while home selling. If you are getting your house ready to sell, consider the 1% bump, and do staging accordingly to boost return on investment. Those who did not stage cited that they did not believe it was necessary or that they did not want to incur extra home selling cost.

While this first part dealt with preparation during home selling, parts 2 and 3 will deal with home price and marketing. Stay tuned.

[Read Part 2.]

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Home selling? Find out your home value & start the consulting process for getting your house ready to sell by clicking My Home Value in the top navigation. Or, if you are interested in a complimentary 30-Minute Consult on getting your home ready to sell, call Kelsey Lane today to set a time: 408-316-0660, kelsey@kelseylane.com.

Getting ready to buy a house? Use our Santa Clara County property search tool to create & save your search.

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It’s Amazing What a Little Landscaping Can Do

If we were to help you with getting your house ready to sell, the question would come up about what to do about the landscaping (it always does). For starters, it usually runs about $800 for the landscaping prep, to get ready. The typical rundown of what our Silicon Valley realtor team recommends is a light pruning, mulch in all flowerbeds/beds, and removal of any dead branches or leaves.  Any trees touching the house need to be pruned back as well. Also as part of the exterior spruce up, a good powerwashing of the house, driveway, sidewalks, and patios makes everything sparkle and creates an impression of “clean” and is a home selling marketing strategy.  And, inevitably, there are one or two other things that come up that need to be done. For example, if there are dead patches of grass nearby a flowerbed – create a new border for the flowerbed using inexpensive bender board. Then make the previously dead patch a part of the new bed. Dig it up a bit, add a new planting, and mulch around it when the new mulch goes down. It works like a charm. We have lots of tricks we use for getting a big bang for your buck, and we coordinate the job for you starting with choosing a contractor for landscaping, plus a contractor for powerwashing. This element is an important factor to curb appeal, and to you getting top dollar for home selling.

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Home selling? Find out your home value & start the consulting process for getting your house ready to sell by clicking My Home Value in the top navigation.

Getting ready to buy a house? Use our Santa Clara County property search tool to create & save your search.

Need to find a contractor for a remodeling construction project? Get a contractor list of recommendations from The Look Team (Silicon Valley realtor professionals) by clicking “Find a Contractor” in the top navigation.

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