For-sale listings with cool, neutral wall colors sell for more money
A fresh coat of paint in the right color may help sell a home for more money.
Homes with rooms painted in shades of light blue or pale blue/gray can sell for as much as $5,440 more than expected.
Paint Color Analysis looked at more than 32,000 photos from sold homes around the country to see how certain paint colors impacted their sale price on average, when compared to similar homes with white walls.
Curious what colors may help you sell your home for more? See below for the full results of the 2017 Paint Color Analysis.
Homes with blue kitchens, often found in soft gray-blue, sold for a $1,809 premium.
Light blue bathrooms
Homes with light pale blue to soft periwinkle blue bathrooms sold for $5,440 more than expected.
Brown living rooms
Turns out homes with light beige, pale taupe or oatmeal-colored living room walls sell for $1,926 more than expected.
Cadet blue bedrooms
Homes with light cerulean to cadet blue bedroom wall colors can come with a $1,856 premium.
Slate blue dining rooms
Homes with slate blue to pale gray blue dining rooms also sold for more money — $1,926 more on average than homes with white dining room wall colors.
“Greige” home exteriors
A home’s exterior color may also have an impact on its sale price. Homes painted in “greige,” a mix of light gray and beige, sold for $3,496 more than similar homes painted in a medium brown or with tan stucco.
Navy blue front doors
For a pop of color, homes with front doors painted in shades of dark navy blue to slate gray sold for $1,514 more.
Selecting the right paint color is one of many factors that may affect why a home sells faster or for more money. Walls painted in cool neutrals like blue or grayhave broad appeal, and may be signals that the home is well cared for or has other desirable features.
Some colors may actually deter buyers. Homes with darker, more style-specific walls like terracotta dining rooms sold for $2,031 less than expected. However, a lack of color may have the biggest negative impact as homes with white bathrooms sold for an average of $4,035 below similar homes.
It's essential to have the right marketing plan, pricing strategy and real estate agent.
When shopping for a home, it’s not uncommon to come across one that truly stands out. It’s not because the home is an old fixer-upper or that it’s a newly renovated home with a designer kitchen. It’s a home that’s architecturally significant or in some way conveys a “different” attribute. For instance, it might be a castle, a church or even a fire station that has been converted into one or more living spaces.
With an unusual home, pricing and marketing can be a challenge. Here are three things to keep in mind when either buying or selling a truly unique property.
1. Buyers should be cautious
As crazy as it sounds, a would-be buyer may want to reconsider purchasing an offbeat home. While it may be a home you love, it is also an investment. A home with a unique, unchangeable structural feature will likely alienate a large portion of the market.
If you’re faced with the opportunity to purchase a unique home, don’t get caught up in the excitement of it all. Think long term. Understand that when it comes time to sell, it may be a burden, particularly if you try to sell in a slow market.
2. When selling, don’t assume buyers will love what you love
As the owner of an interesting or different home who is considering a sale, be aware that not everyone will have the same feeling about the home as you did when you bought the place. While you’re likely to get lots of activity, showings and excitement over your property, a lot of that may simply be curious buyers, nosy neighbors or tire kickers.
Time after time, sellers with unique homes believe that since they fell head over heels, another buyer who might feel the same. But that person could be hard to find.
3. Hire the right agent and have a serious marketing/pricing discussion
A unique home requires a unique marketing plan and pricing strategy as well as a good agent. The buyer may not even live in your local market, and instead might be an opportunist buyer open to a unique property. So you should consider advertising outside the mainstream circles. Media and press can help get the special home the attention it may need.
The buyer may not want to live in your town but is fascinated by an old church or castle. The more you get this out there, the better your options for finding the specific buyer.
If you get lots of action but few offers, you may need to drop the price below the comparable sales to generate interest, particularly if you really need to sell. Just like a home with a funky floor plan, on a busy intersection or with a tiny backyard, the market for your unique home is simply smaller.
With online home listings, blogging and real estate television shows, unique homes stand out and get more exposure than ever. But selling a distinctive or offbeat property requires out-of-the-box thinking early on, and with a top agent. You only have one chance to make a first impression. Be certain to price the home right, expose it to the masses and have a strategic plan in right from the start.
Dwell shares insider tips after consulting architects, DIY home builders and shipping container experts from around the world.
You’ve decided to join the shipping container revolution. Your plans are drawn up, your site is prepared and your welding torch is ready to transform a discarded steel box into the durable, stylish and sustainable home of your dreams. Now what?
To help you get started, we asked architects, DIY home builders and shipping container experts from around the world for their insider tips on bringing home the best possible container for your building needs.
The first step, they agree, is to find a reputable distributor. “Shipping companies don’t want people calling them for one or 10 containers. They prefer to sell to dealers,” says Barry Naef, director of the ISBU Association (ISBU stands for intermodal steel building units, the term for containers used specifically for construction).
He recommends checking the extensive international list of dealers on the Eco Green Sources website. And don’t despair if you live far from the ocean. Thanks to a network of inland distribution hubs, says Naef, “there are as many [containers] in the mid-U.S. and Canada as there are at the ports, at nearly the same prices.” A dealer can help arrange for overland transport of your container via 18-wheeler truck.
Other sourcing options exist, too. In Zambia, a local NGO supplied Tokyo-based architect Mikiko Endo with old containers it had used to transport donations (she transformed them into maternity clinic housing). In Israel, architect Galit Golany purchased a refurbished container from a prefab construction company, then fixed up the turnkey unit with timber cladding, roofing, a deck and stone base.
Stephen Shoup, founder of Oakland’s building Lab, agrees that looking for a distributor that will do some basic modifications prior to sale is a good idea.
“It’s tons of fun to be standing there with a plasma cutter and a welder and be hacking into these things and pasting them back together, but if you’re encountering engineering issues, then you’re going to need licensed welders. That cost is much more controllable when done at the fabrication shop or shipyard,” says Shoup.
Another option is to purchase a container manufactured specifically for building, like the ones from Toronto-based MEKA or Silhouette Spice in Tokyo. These can be cheaply transported using existing global shipping networks, but are tailor-made to meet building codes (Japan’s are especially strict).
If you do decide to purchase a genuine seafaring container, you’ll need to keep a number of factors in mind. First is size. Although dimensions are generally standardized, your safest bet for projects that join multiple units is to purchase a single brand (perhaps one whose logo you fancy). Houston-based architect Christopher Robertson, who has designed both upscale residential and disaster-relief housing using containers, recommends choosing “high cubes” (HQ), which are about a foot taller than standard, because the smaller size can feel claustrophobic after installing insulation. Lengths vary from 8 to 53 feet, with 20 feet and 40 feet being the most common.
Whichever you choose, Robertson cautions that the costs of transportation and modification quickly add up. “There’s a real misconception that building with containers is absurdly inexpensive. Unfortunately, that’s not true at all,” he says.
Assuming you’re still hooked on the many other benefits of container construction, you’ll need to think about age and condition. Options range from virtually unscathed “one-trippers” to eight-to-10-year-old retired containers, with varying degrees of rust, dents and warping. Your choice depends on your design goals.
For Brook van der Linde, an artist who built a DIY container home with her husband in Asheville, cost and sustainability were more important than perfect condition. “Our goal was to use materials that were headed for the landfill. Our containers were constructed in 2005 so they had a good long life going to China and back,” she says.
Robertson, on the other hand, sought out one-trippers for his residential project. “They’re a little more expensive but they look a lot better,” he explains. “If they start having a lot of dings and rusts, you lose the aesthetic pleasure.”
Although a container’s history is trackable via its serial number, the best way to assess its condition is through a visual once-over prior to purchase. Arrive at the lot armed with a level to check for excessive warping and a checklist of potential problems, such as holes, dents, damaged door seals, and corrosion (a little rust is par for the course). Don’t forget to use your nose, as well. The wood flooring of most containers is treated with toxic pesticides, which you’ll need to seal or remove, and others may have been used to transport unpleasantly odiferous contents.
Finally, once you’ve made your choice, take a deep breath. The toughest — and most enjoyable — phase of building your container home is still to come.
Five good reasons to have a pro on your side throughout the process.
Buying new construction seems simple, right? Just pick out the floor plan you want, choose the perfect lot, and watch it go up. No sellers to deal with, no unexpected repairs that come up during inspection, no drawn-out negotiations. Right?
Not so fast. In any real estate transaction, it’s important to have a professional on your side, even if the process seems straightforward.
“Having your own agent provides a sense of security,” says Seattle-area homeowner Kristy Weaver, who has bought two new construction homes from two different builders. “It gives you some peace of mind, knowing that someone is looking out for your best interest.”
Peace of mind is just one benefit of having an experienced agent along for the ride. Read on for five more reasons you’ll want a local real estate agent by your side when buying a new construction home.
1. Help you find a reputable builder
“Your agent can rely on their own experience and that of their colleagues to help you find a builder you can trust,” says Portland, OR-based real estate agent Kim Ainge Payne of the Realty Trust Group. “What’s the quality of the workmanship? What kind of warranty do they offer? What’s their track record of resolving issues? Getting a clear understanding in the beginning can alleviate serious headaches down the road.”
2. Go to bat for you
The timeline for purchasing new construction is typically quite a bit longer than buying an existing home. From the first time you visit the sales center, to choosing your layout, construction, inspections, and finally closing, there are ample opportunities for things to go sideways — think construction delays, permit issues, and financing concerns. An experienced buyer’s agent can help you navigate all of these sticky situations.
3. Help you review your contract
Even if you’ve purchased a home before, the contract for new construction is a whole different animal, and an experienced agent can help you make sure you understand everything, from floor plans to earnest money requirements, deadlines for requesting changes, and timelines for completion.
“It’s crucial to have a third party who represents your interests in the transaction,” says Dmitry Yusim, a Seattle-area agent who has represented new construction buyers. “A good agent can add the proper addendums to protect you if something falls through.”
4. Assist with negotiations
Buyers’ agents know the areas where you’ll find the most wiggle room when it comes to negotiations.
“Builders are trying to keep their sales price up so that the next buyers through the door see the higher closing price,” explains agent Britt Wibmer of Windermere Real Estate in Seattle. “They’d much rather throw in closing costs or additional upgrade credits.”
5. Point you toward smart upgrade choices
Builders will offer you endless options for finishes and upgrades, and it’s easy to get overwhelmed. A seasoned real estate agent can recommend the upgrades that will get you the most bang for your buck in resale value, suggest finishes that might be cheaper to do on your own, and help you avoid over-improving, which can jeopardize your appraisal before closing.
Even though a friendly sales representative will greet you with a smile the moment you walk through the door of the sales center, don’t forget that they work for the builder. Bring your own agent with you starting with your first visit — in fact, many builders require your agent to register with them from the very beginning in order for them to be involved in the process and receive their commission.
With a professional you trust by your side, you’ll rest easy knowing someone is there to protect your money, your time, and your new home.
Wondering if new construction is right for you? Search new construction listings, and get more home-buying tips and resources to help you decide.
11 tips that will save your garden, lawn and flowers ... not to mention your green thumb reputation.
Whether you’re dealing with California droughts, Midwest heat waves or Deep South downpours, summer can be a tricky time to garden. Here’s what you need to know before leaving air-conditioned comforts for a steamy backyard jungle.
DON’T: Plant cool-season vegetables
Generally speaking, it’s a bad idea to attempt veggies like peas, lettuce, carrots and radishes in summer. They will quickly bolt in the heat, meaning they’ll devote their energy to blooming and producing seeds, making the edible parts bitter.
DO: Plant hot-season vegetables
Take advantage of summer’s sunshine by planting these heat-loving edibles:
Drought-tolerant okra produces prolific pods all summer long, and sweet potatoes make an excellent temporary ground cover, shading out weeds until the arrival of cold weather and harvest time.
DON’T: Water unless necessary
It’s tempting to set the sprinklers on a timer, kick up your feet and consider it handled. But you don’t want to run sprinklers in a rainstorm, so water plants only when they’re newly planted or wilting and/or dropping leaves.
DO: Use drought-tolerant plants
Drought-tolerant plants are all the rage, and not just because they conserve water. Grow drought-tolerant plants because they’re low-maintenance and because you’re an average person with — you know — a life.
That said, drought-tolerant does not mean you can plant it and forget it. Keep the soil moist until the plant takes off on its own.
DON’T: Turn your back on the garden
Because in summer, things can change in a heartbeat. Plants can succumb to pests, drought, wet soil or rot in a matter of days. Pay attention to weather forecasts, and watch for struggling plants.
Use those pruners on any bullies that seem to be taking over less vigorous plants. When in doubt, rip it out.
DO: Water deeply
Water like you really mean it, with a deep soak so that the water penetrates the soil without running off or evaporating in the summer heat. Watering deeply will also encourage deeper root growth, which helps plants (especially shrubs and trees) stay healthier and more drought-tolerant in the long run.
Water in the root zone with a garden nozzle, a soaker hose, or just a hose and a full stream of water.
DON’T: Scalp your lawn
If you plan on turning your summer lawn into a putting green and you mow your lawn close, you’ll be sorely disappointed by the results. (Unless you’re willing to settle for a putting brown, that is.) Shortcuts mean less drought-tolerance, patchier growth, more weeds and shallow roots. When in doubt, cut high.
DO: Fertilize warm-season grasses
Give your lawn a pick-me-up to cope with the summer heat. Your local garden center should have a good selection of fertilizers to suit your region and/or lawn type. Fertilize according to label instructions, using a broadcast spreader, handheld spreader or drop spreader for even coverage. Generally speaking, don’t feed on a hot day with temps above 90 degrees.
DON’T: Water in the afternoon
While it’s a myth that water droplets can magnify sunlight and burn the plants, watering in the hottest part of the day is still useless. Water quickly evaporates in summer, and many plants will go semi-dormant. Water in the early morning so the plants’ roots have a chance to absorb moisture.
DON’T: Let weeds go to seed
Procrastinate all you want, but pull those weeds before they have a chance to bloom and go to seed, spreading their progeny all over your garden. Don’t settle for hand-pulling everything either. Use a hoe or cultivator for new weeds in loose soil, or a heavy-duty weeding tool, like a hori-hori knife, hook or mattock for tough, established weeds.
DO: Plant tropical bulbs
Much of your garden will slow down in the heat of summer, but tropical bulbs such as caladiums, elephant ears, cannas and gingers will only grow faster. Create a lush and jungly understory beneath shady trees by planting en masse, or use sparsely for architectural interest in container combos and flower beds.
The home inspection portion of the homebuying process is a crucial step toward determining whether you want to own that house. While you can’t “test-live” a home beyond buying it the same way you test drive a car, you can use this opportunity to get a feel for the place and determine if it suits your needs. Plus, perhaps most importantly, a home inspection is when you can identify any potential problems with the structure that might impact how much you’re willing to pay, or even if you decide to move on to a different location.
Partner with the right inspector
Like every other portion of the homebuying process, you should conduct research and vet the best possible choice for a home inspector. Ask for sample reports from previous clients. Make sure these are extensive and provide detailed recommendations and pictures. If you get single-page reports with vague language and no clear directions, move along to the next inspector.
In addition, locate a home inspector who has been certified. Fortune Builders noted that most reputable inspectors will be a member of one of the following:
You should attend the home inspection to familiarize yourself with your potential new property.
Even though you’re not the person who will be conducting the inspection, you will definitely want to attend it. Two sets of eyes are always better than one, and you might be able to spot something the inspector might have overlooked. Plus, this provides you the opportunity to ask any questions of the inspector on what you might need to fix. The inspection also gives you the chance to become more familiar with your potential new home as you’ll be exploring every nook and cranny in the place.
Although home inspection guidelines vary from one state to the next, the ASHI provides a “Standards of Practice” that outlines the minimum foundation of what to inspect. It’s the inspector’s job to accurately and adequately describe the basic current physical condition of the home. The point is to identify any repairs, replacement or remodeling that might be necessary.
What to keep an eye on
As you’ll be also be there, you should know what the inspector will examine. He or she will be scrutinizing both the interior and exterior components of the home, including the condition of:
Since the inspector is only examining the physical aspects of the home’s structures, there are certain things that he or she will not look into, including:
Working with a qualified home inspector can save you time and money in the long run, but it will also ensure you close the homebuying process with a thorough understanding of what you’re about to purchase.
As we enter the spring home-buying season, hordes of would-be homeowners are ready to go—but there weren't enough new-home sales in the beginning of the year to quell the already strong demand.
Only about 618,000 newly constructed homes were sold in February, according to a joint report by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. That's down 0.6% from January, but up 0.5% from February 2017.
"There is plenty of room for growth," Chief Economist Danielle Hale said in a statement. "More new-home sales are needed to restore balance in the housing market. ... Today, one in every 10 homes sold is a new home, whereas in a normal market they account for one in every seven homes sold."
Currently, there aren't enough homes to go around, particularly at more affordable prices. The median price of newly constructed homes notched up to $326,800. It's up nearly 0.6% from the previous month and almost 9.7% from the same month a year ago.
That's considerably more than existing homes, which cost a median $241,700 in February, according to a recent National Association of Realtors® report. Newly constructed homes cost more than existing ones thanks to high land, labor, and materials costs. They also typically come with the latest designs, finishes, and appliances.
Only about 13% of the newly constructed homes sold in February cost less than $199,999, according to the report. The bulk of them, about 58%, were between $200,000 and $399,999. An additional 12% cost between $400,000 and $499,999, while 17% were priced at $500,000 and up.
The most new homes were sold in the South, where buyers closed on about 338,000 new homes in February. That's a 9% jump from January and a 0.6% bump from February 2017.
The region was followed by the West, where about 164,000 new homes changed hands.
This represented a 17.6% monthly drop, but a 3.1% annual increase.
Next up was the Midwest, with 79,000 sales, down 3.7% from January and 8.1% from the same month a year earlier. The Northeast had the fewest new-home sales, at just 37,000. But that was up 19.4% from the previous month and 8.8% from February 2017.
Builders recently completed the most newly constructed homes in a decade, says a recent report. Buyers can finally exhale.
About 1,319,000 homes were finished in February—the most that were completed since 2008, according to the seasonally adjusted numbers in the latest residential sales report jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. That's a 7.8% bump from January and a 13.6% jump from February 2017.
"Hitting a record level of new, finished houses should lead to an increase of more homes on the markets for buyers," says Chief Economist Danielle Hale. "It’s not going to turn from a seller's market to a buyer's market overnight, but this is a step in the right direction.”
The most new, finished homes were in the South, at 659,000 in February. That region was followed by the West, at 336,000; the Midwest, at 164,000; and the Northeast, at 160,000.
But buyers shouldn't rejoice just yet. Fewer newly constructed homes could be coming online this spring—despite the frantic demand. Builders received only 1,298,000 permits in February to put up new homes, a 5.7% drop from January, according to the report. However, it was a 6.5% rise from February 2017.
Permits are considered a good indication of how many completed new homes will hit the market in the coming months.
“There’s plenty more room to grow," says Hale. She'd like to see permits to erect single-family homes rise from 872 in February to 1 million. "It's going to be better than last year, but we're still not back" to precrisis levels.
Housing starts, which means construction that has begun but hasn't been completed, fell 7% from January to February, according to the report. It was down 4% from February of the previous year as well.
"The fall in housing starts in February is a movement in the wrong direction," Lawrence Yun, chief economist of the National Association of Realtors®, said in a statement. "The key to economic prosperity at this juncture of economic expansion is to produce more new homes. That will help with job creation and reduce the swift price appreciation in several markets."
An influx of new construction at all price points could save us from the current housing crunch, but the hefty new tariffs on imported steel announced this week by President Donald Trump, on top of a tariff on Canadian lumber imposed late last year, could make the crunch even worse—and drive up home prices.
The planned tariffs would tack on 25% to the cost of steel, used in home foundations, floors, and high-rise construction, and 10% for aluminum from foreign suppliers. The controversial tariffs would make good on Trump's campaign promise to give American producers a boost.
The administration is already levying tariffs of more than 20% against Canadian soft lumber producers. About a third of the softwood lumber used in new-home construction comes from Canada. And after devastating hurricanes in Houston and Florida and deadly wildfires in California, there is a big need for that lumber.
"Tariffs could measurably raise the cost of building materials and hinder home construction of affordable homes," Lawrence Yun, chief economist of the National Association of Realtors®, said in a statement.
Steel is used in the concrete flooring and foundations of most single-family homes. More of it is used in high-rise condo and apartment buildings, plus any dwellings over five floors. It's also used in elevator shafts, parking garages, and many stairwells.
There are alternative materials that builders can use if there is a steel shortage or if prices rise. But those newer materials are typically more expensive, says Jack Kern, director of research at Yardi Matrix, a commercial real estate data and research firm based in Santa Barbara, CA. There are also fewer construction crews trained in how to properly use those materials, Kern says.
“Anything that’s built that uses steel as a component is going to have a price increase," he says. But he doesn't expect it to be a substantial increase and expects it will fade as builders find cheaper, new materials.
That didn't stop builder trade groups from denouncing the new tariffs.
"Given that home builders are already grappling with 20% tariffs on Canadian softwood lumber and that the price of lumber and other key building materials are near record highs, this announcement by the president could not have come at a worse time," Randy Noel, chairman of the National Association of Home Builders, said in a statement. "Tariffs hurt consumers and harm housing affordability."
Several modular home builders have complained to the Modular Building Institute, a trade group, about their costs going up as a result of the tariffs as well.
"This will affect our prices," says Tom Hardiman, executive director of the institute. The association has yet to do a detailed analysis on just how much pricier modular homes may be.
Not knowing how much steel and lumber will cost makes it difficult for builders to price homes, or for buyers to know just how much they'll be shelling out on their new abodes.
"It hurts home buyers," says Rick Schumacher, editor and publisher of the LBM Journal, which covers the lumber and building materials industry. "It creates uncertainty ... and any uncertainty is bad."