Friday, February 28, 2014

Daniel Island Community Information. Your Charleston and Mt Pleasant Home Resource


 Daniel Island Community Information

Income by Household


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Median household income in 29492 is $73,593 with 77 households earning between $35,000 to $40,000 annually.
Income levels are listed along the left side of the chart, and the number of households are displayed along the bottom. 

Education: Highest Level Attained

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For the zip 29492, 37.59% of the people have completed a bachelors degree as their highest education level.

Crime Risk

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The Crime Risk Index compares the likelihood of different crimes happening within this community to the national average.
The national average for each type of crime equals a score of 100.
A score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk.

Weather Risk

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Weather Risk shows you the different kinds of extreme weather in an area, based on historical storm events and weather patterns.
The national average for each type of weather event equals a score of 100.
A score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk.

Read this report on my website HERE

For many more home tips click the link(s) below.  I am local and full-time real estate professional that serves the Greater Charleston and Mount Pleasant areas.  For more information on the housing market, neighborhood info, school info, etc....Please check out my Market Insider.

Thanks for reading my blog.  Please feel free to share, like, tweet, or +1. 

More Home Selling and Buying Tips

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Looking for Charleston or Mt Pleasant homes.  Free MLS search updated daily!

Search Charleston & Mt Pleasant Homes

 

Thinking about selling your Charleston or Mount Pleasant Home.  Maybe just curios how much your home is worth?  For a free and no obligation home valuation just fill in some basic information about your home.

What's My Home Worth

Wednesday, February 26, 2014

Tips for a Successful Walk-Through. When Buying Your Charleston or Mount Pleasant Home

Tips for a Successful Walk-Through.  When Buying Your Charleston or Mt. Pleasant Home

After the inspections, the appraisal, the negotiations over repairs and other items, it's tempting to coast down the rest of the road to closing on the purchase of your new home. You have one final duty, however, and it's important: the final walk-through.
This walk-through happens shortly before closing – the timing is typically dependent on when the current owners move out – and can occur anytime from a week to a day before closing.
Plan to spend as much time in the home as needed to ensure that nothing has changed since you agreed to purchase it. Once you sign the papers at closing, the house is yours and the current homeowners have little to no liability for problems.
Remember, you are not inspecting the home for anything missed during previous inspections – this inspection is to make sure the home wasn't damaged during the move-out and that all agreed-upon repairs were performed.
Let's take a look at ways to ensure your final walk-through is successful.

Preparation

As you get closer to closing on the home, ask your real estate agent to call the listing agent to find out when the homeowners will be completely moved out of the home. Having a firm date will help you schedule the walk-through when it is convenient for you.
Ask your agent to remind the homeowners to leave all utilities on. If you arrive at the home to do the walk-through and the utilities are off, have them turned on and delay the closing until you can check the house.
Bring a list of repairs that the homeowners agreed to make so that you can check them off as you tour the home, and take a camera along to document anything that doesn't look right.

What to Look For

Approach the walk-through systematically so that you don't miss anything. Many buyers start at the front door and move around the house from right to left, checking everything from top to bottom.
Repairs: As you tour the home, check that all agreed-upon repairs have been made. Ensure that the homeowner left copies of permits, invoices and work orders, complete with the contractor's name and contact information and warranties, if any.
Condition: Is the home in the same condition as it was when you agreed to purchase it? A common problem that pops up during the final walk-through is damage caused when the sellers moved out: scrapes on wood floors, damage to walls and baseboards, and broken fixtures. This is why it is so important to systematically inspect every wall, from top to bottom.
Appliances: Check all appliances that were included in the purchase. First, make sure that these are indeed the appliances you agreed on. While it doesn't happen often, shady sellers have been known to take high-end appliances and leave inexpensive or used replacements in their stead. Then, check that the appliances function properly. Run the dishwasher through a cycle, check that the icemaker and water dispenser in the refrigerator/freezer are functioning and that the stove and garbage disposer works.
Plumbing and HVAC: Turn on all the hot water taps to ensure that the water heater is functioning properly and that hot water is available at the taps. Flush the toilets. Turn on the heater and then the air conditioner.
Exterior: Run the pool and spa and check that the lights, filters and heater work. Check the irrigation system. If there is a timer, you may want to tinker with it to ensure it is functioning. If you don't understand how to use the control panel for these items, ask your agent to request that the sellers supply you with instruction manuals.
Other exterior items to inspect:
Automatic garage door – Have the sellers left the remotes?
Plants – Did the sellers remove landscaping?
Built-in barbecue – Does it function, and do you need instructions to use it?
Cleanliness: Most real estate deals require that the home be at least "broom swept," meaning the home should be clean and free of any of the former occupant's possessions. The home doesn't necessarily need to be cleaned to your exacting standards, but if it will require extensive cleaning to get it into move-in shape, request that the sellers hire someone to clean it before closing.
Check the attic, basement, garage, sheds and the sides of the home to make sure the sellers took all of their belongings with them.
Document anything that is an issue for you, and have your real estate agent go to bat for you to remedy the situation. It's better to hold off the closing for a few days to ensure that you're getting the house you paid for.

Read this article on my website HERE

For many more home tips click the link(s) below.  I am local and full-time real estate professional that serves the Greater Charleston and Mount Pleasant areas.  For more information on the housing market, neighborhood info, school info, etc....Please check out my Market Insider.

Thanks for reading my blog.  Please feel free to share, like, tweet, or +1. 

More Home Selling and Buying Tips

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Looking for Charleston or Mt Pleasant homes.  Free MLS search updated daily!

Search Charleston & Mt Pleasant Homes

 

Thinking about selling your Charleston or Mount Pleasant Home.  Maybe just curios how much your home is worth?  For a free and no obligation home valuation just fill in some basic information about your home.

What's My Home Worth

Tuesday, February 25, 2014

8 Simple Tips to Weatherproof Your Charleston or Mount Pleasant Home

8 Simple Tips to Weatherproof Your Charleston or Mt Pleasant Home

Winter or summer, one thing is almost certain – the temperature outside your home doesn't match the temperature within. But, unless your home is properly sealed and weatherproofed, the conditions outside have a good chance of affecting your comfort inside.
A leaky house also means extra energy consumption for your heating and air system, leading to higher utility bills and environmental stress. The solution is simple: Weatherproof your home with a few quick, easy methods that won't break your wallet.

1. Break Out the Caulk

If you measured every gap, crack, and air leak in your house, you would likely find you have the equivalent of a window open year-round. Perhaps the most important step you can take to combat drafts and keep the heat either inside or out is to load a caulk gun and hunt down the holes. Choose a quality caulk (you generally get what you pay for) and create a homemade draft detector to test for leaks with a hairdryer and a candle or stick of incense.
Where to Use: Start from the bottom of your home and work your way up. Look for holes in the floor where cables or wires enter the house. Run a bead of caulk along the edge of the foundation, where it meets the siding. Caulk along the subflooring, underneath the baseboard trim, whenever you have your finished flooring removed. Test windows and doors; even newer installations, if caulked with an inferior or improper product, may have caulk that's grown brittle, shrunk, or become loose. Check around any other openings in the walls, such as pipe outlets, the clothes dryer vent or incoming wires. Caulk around any protrusions through the ceiling into the attic, as well as in the attic walls or roofing.

2. Fill it With Foam

Expanding foam insulation not only insulates well, it's a natural air barrier, unlike fiberglass insulation. Sold at most department, hardware or home improvement stores, it's fairly inexpensive when used for small areas. (For wall insulation, it's better applied by a professional using industrial machines.) Use low-expansion formulas, sometimes specified as window and door formula, and follow the instructions regarding the application – a little squirt goes a long way. To remove excess, once it has cured as specified, cut it flat with a utility knife. If it gets on fiberglass, on the other hand, wipe it away immediately to prevent an almost impossible removal.
Where to Use: Expanding foam insulation works well for any hole, gap, crack, seam or other opening larger than what is practical to fill with caulk – about 1/4 inch in diameter. Look under the trim surrounding your doors inside; the area between the trim and underneath the doorjambs will often benefit from a foam job. Another practical place to squirt some foam is around your electrical outlets, which are often poorly insulated and prime areas to leak air. Foam may also come in handy underneath crawl spaces and inside basements.

3. Work With Weather Stripping

Regardless of the type of weather stripping you choose, you'll find it simple to install and effective at stopping drafts. From felt and foam to vinyl or metal, you can find weather stripping at most home improvement or hardware stores. For the best results, match the type of weather stripping to the area you are working on.
Where to Use: Doors and windows are prime candidates for weather stripping – just make sure you can close them easily (although snugly) with the weather stripping in place. Don't forget your garage, either. Weather stripping windows, entry doors and garage doors can have a profound affect on your home.

4. Get "Guard" Animals

Whether you're an animal lover or prefer a pet-free home, draft stoppers fashioned into whimsical creatures such as rabbits, snakes and monkeys "guard" doors and even window ledges, blocking the heat or cold from invading your home. Alternatively, purchase and install conventional door sweeps made from rubber or metal.

5. Seal Your Attic

Unless you have a finished attic area with a regular staircase, the only thing sealing your attic entry may be a piece of drywall covering the hole in your ceiling or a bit of plywood with a pull-down staircase attached. Neither is much barrier to heat transfers, which means you're losing a lot of your heat and air through your roof. To fix it, purchase an attic stair cover at a home improvement store or make one yourself. The effect will be worth the money.

6. Treat Your Windows

Even the newest windows transfer more heat and cold than insulated exterior walls. Older windows, often single-paned and possibly glazed in place, are even worse. Of course, a house without windows isn't the solution, and upgrading windows is costly.
The Solution: During the winter, storm windows add an extra barrier between the cold outside and the warm within your home. In the summer, take down your storm windows and replace them with screens. This works well for exterior doors as well. Heavy drapes – especially insulated drapes – also help block both hot and cold weather. In the winter you can actually help warm your home by opening curtains on south-facing windows. Bonus: If you have pets, they will probably love basking in the sun.

7. Deal With Your Ducts

As long as the air flows properly, most people don't spend much time thinking about their ductwork. Leaky or poorly insulated ducts, however, can cost you a lot of money - not to mention the time spent battling to keep your home at the right temperature. The typical American home loses around 20 percent of the air moving through HVAC ducts. To seal ducts, use mastic and butyl, foil, or other heat-approved tape. Wrap ducts with duct insulation, which is readily available at home improvement and hardware stores.

8. Install Insulation

Insulation is the single most important thing standing between your family and the weather outdoors. Insulation isn't just for cold climates, either. Proper insulation levels will help keep your home cooler in the summer. It really does pay for itself.
Where to Install: Everywhere inside your home needs insulation. However, when it comes to upgrading insulation, the attic and roof are prime candidates, as is the floor and crawlspace, if you have one. Compare the insulation levels you currently have (each type has an R-value per inch of thickness) to what you should have, and add more as you can if your levels are low. Select the type of insulation that works best for your budget and installation - fiberglass and foam board are both popular choices.

Read this article on my website HERE

For many more home tips click the link(s) below.  I am local and full-time real estate professional that serves the Greater Charleston and Mount Pleasant areas.  For more information on the housing market, neighborhood info, school info, etc....Please check out my Market Insider.

Thanks for reading my blog.  Please feel free to share, like, tweet, or +1. 

More Home Selling and Buying Tips

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Looking for Charleston or Mt Pleasant homes.  Free MLS search updated daily!

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Thinking about selling your Charleston or Mount Pleasant Home.  Maybe just curios how much your home is worth?  For a free and no obligation home valuation just fill in some basic information about your home.

What's My Home Worth

Monday, February 24, 2014

How to Depersonalize Your Home for Sale. Your Charleston and Mount Pleasant Real Estate Resource

How to Depersonalize Your Home for Sale

Making the decision to sell your home begins a journey of a thousand steps. From hiring a real estate agent to getting the home ready for the market, there is a lot to do.
Luckily, homeowners have a tool belt full of items that make the job easier. The most powerful tool of them all is decorating – better known as staging. Done right, staging your home will help it sell faster and for more money.
Before you hire a decorator, or decide to do it yourself, you'll need an appropriate backdrop – a clean, uncluttered space. Otherwise, staging the home is like putting lipstick on a pig.

Why Declutter?

There are several reasons homeowners should clear their homes of the clutter accumulated from daily living. First, clutter makes people anxious.
The results of a nine-year long UCLA study show that there is "real psychological stress associated with clutter."
The last thing you want a potential buyer to feel is stress or anxiety when touring your home.
Since most clutter in a home is a collection of personal items, depersonalizing the home goes hand-in-hand with clearing clutter. Sure, all those personal items are what makes your house a home, but too many of them may hinder its sale.
Buyers need to be able to imagine what it would be like living in your home, surrounded by their belongings. Your stuff detracts from their ability to do that.

Depersonalizing: What's Involved?

Depersonalizing is the act of removing most items of a personal nature. Family photographs, souvenirs, collections, DVD and CD collections and framed diplomas, degrees and awards are a few examples of items to pack up and store.

Getting Started

Since you'll need boxes for the move, buying them now saves work later on. Buy several boxes for each room in the house, and don't forget newspaper or other packing material to protect breakables.
The best way to go about depersonalizing the home is to do it one room at a time.

Living Room and Family Room

Since this is where families spend most of their time, these rooms will most likely take the longest. Items to remove include:
Toy bins or boxes.
Toys (including pet toys).
Family photos.
DVDs, video games and CDs.
Excess magazines and catalogs.
Newspapers.
Craft items.
Clothing.

Kitchen

Now we move from the most challenging room to the easiest room to depersonalize – the kitchen. The biggest clutter catcher in this room is the refrigerator. Remove the magnets, sticky note reminders, kids' artwork and personal photographs. In fact, remove everything from the front, sides and top of the refrigerator. Unless it's decorative, pack it all up.
Many families use the kitchen counter as a mail drop. There's nothing particularly wrong with that, but mail is highly personal and needs to be put away, out of sight.

Bedrooms

Since bedrooms are the most personal of all the spaces in a home, they can be challenging to depersonalize. Remove family photos, of course, but you may need to go beyond that. Imagine a posh hotel room and remove anything from the bedrooms that you wouldn't find in one.

Bathrooms

Bathrooms tend to become cluttered with personal products. While it isn't necessary to pack these items up, it is crucial that they be put out of sight in cupboards and drawers.
Don't forget the shower stall or bathtub. Buyers will pull back the shower curtain. Would you want to be greeted by pumice stones, shampoo bottles or kids' water toys? Again, think of a posh hotel bathroom and try to imitate that look.

Home Office

The home office is typically one of the most cluttered rooms in the home and also a hot selling feature, so it's important to create a vignette that appeals to the target market for the home.
Attack the walls first, taking down awards, diplomas and degrees, and photos.
Clear the desk of mail, work papers and professional journals and magazines.
As you work on depersonalizing each room in the home, don't just throw the items in the boxes. Wrap and pack for the move and then take the boxes to a storage facility.
Don't forget to organize what's left in the room – it puts you one step closer to staging the home.
Read this article on my website HERE

For many more home tips click the link(s) below.  I am local and full-time real estate professional that serves the Greater Charleston and Mount Pleasant areas.  For more information on the housing market, neighborhood info, school info, etc....Please check out my Market Insider.

Thanks for reading my blog.  Please feel free to share, like, tweet, or +1. 

More Home Selling and Buying Tips

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Looking for Charleston or Mt Pleasant homes.  Free MLS search updated daily!

Search Charleston & Mt Pleasant Homes

 

Thinking about selling your Charleston or Mount Pleasant Home.  Maybe just curios how much your home is worth?  For a free and no obligation home valuation just fill in some basic information about your home.

What's My Home Worth

Friday, February 21, 2014

Adding Closet Space – What to Consider Before You Start. More Charleston and Mount Pleasant Home Tips

Adding Closet Space – What to Consider Before You Start

When you have more items to store than closet space, something's got to give. Building and installing a closet is a fairly low-cost solution that the average adult is capable of doing. In a weekend's time, with a little planning and knowledge, you can transform an unused area into the most useful spot in the room.

Planning a Closet

If you're going to build a closet, you might as well build it right. It's too late, after it's built, to wish you had done something different. Taking time to plan any home improvement project will prevent regrets later.
If you want to skip the DIY process and hire a professional to build your closet, these planning tips will still help you determine exactly what will work for your space and budget.
How will you use the closet? A closet full of linens can be narrow and shallow and still work well, while a walk-in closet for clothes needs to be much deeper. Consider what you want to store and how much space it requires.
How would you like to equip it? Decide whether you want clothes rods, shelves, organizers, drawers, or any special features such as cedar plank walls or wiring for an overhead light.
Where will you build it? Perhaps you have the perfect nook, such as an awkward spot between two walls. Maybe you have a large room that can spare the area you want to use. Either way, armed with a tape measure, map out the closet dimensions exactly where you wish to build the closet. Adjust as needed, adding or taking away closet space to fit the area. Also consider clearance for nearby doors, windows, or traffic movement. If it's awkward to open the closet door, the space won't be as useful and you won't be satisfied.
What is your budget? Take a realistic look at what you can afford to spend, and price the tools and supplies you need as well as any labor cost required. If you want wiring in the closet, you'll probably need to hire a professional. Get estimates for what you need and add about 10 percent extra for a little "wiggle room." It's always better to come in under your budget than above.
Don't forget the cost of a closet door! Decide where you want your door, how big you want it to be, and purchase it before you start. This will make wall construction simpler as you can measure the pre-hung door and build the doorway to fit.
Will you use organizer systems? It's especially important to consider organizers before you build so you don't end up with a closet that won't hold the organizer you purchased. If you're a more advanced DIYer, consider designing and building your own organizer systems. Even beginners can build a simple organizer system that will be functional and much less expensive than most off-the-shelf closet organizers.
Before you begin your closet project, it might be useful to browse the Internet for closet ideas. Never be afraid to try something new. With basic DIY skills, you can generally install any shelf, paneling, or other detail once you have the bare bones of the closet framing complete.

For many more home tips click the link(s) below.  I am local and full-time real estate professional that serves the Greater Charleston and Mount Pleasant areas.  For more information on the housing market, neighborhood info, school info, etc....Please check out my Market Insider.

Thanks for reading my blog.  Please feel free to share, like, tweet, or +1. 

More Home Selling and Buying Tips

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Looking for Charleston or Mt Pleasant homes.  Free MLS search updated daily!

Search Charleston & Mt Pleasant Homes

 

Thinking about selling your Charleston or Mount Pleasant Home.  Maybe just curios how much your home is worth?  For a free and no obligation home valuation just fill in some basic information about your home.

What's My Home Worth

Thursday, February 20, 2014

Buyer's Perspective: Short Sales vs. Foreclosures. Your Chaleston & Mount Pleasant Real Estate Resource

Buyer's Perspective: Short Sales vs. Foreclosures

They are known as "distressed properties," when in reality they are properties that belong to distressed homeowners. Foreclosed properties and those being sold short are homes that the homeowner can no longer afford, for any number of reasons.
If you have your heart set on purchasing from among an area's distressed properties, you may have to look a bit harder for them than you would have last year. The number of foreclosures on the market dwindled 22 percent in the first quarter of 2013 compared to the first quarter of 2012, according to RealtyTrac. The number of U.S. short sales has fallen 10 percent and is expected to keep falling.

Price

Think the listing price of that short sale is set in stone? Think again. The list price is a concoction of the homeowner and the real estate agent. The only price that matters is that which the lender sets, and that won't happen until there's an offer and the lender sends out an appraiser.
Much of the time the real estate agent's evaluation comes very close to appraised value, but there is no guarantee.
The list price on a foreclosure, however, is set by the lender, so unless you are able to negotiate for a lower price, this is the price the lender expects to obtain.

Timing

We all heard the short sale nightmare stories during the depth of the recession – all those poor buyers who were stuck waiting sometimes as long as a year or more to find out if their offers were accepted by the bank. While today's short sales are considerably more streamline, they still take longer to purchase than a foreclosure.
There are a number of reasons for the difference in timing, but the biggest is that there are more people involved in the short sale than the foreclosure.

Which One is a Bargain?

Lenders learned during the housing mess that short selling a house made them more money than taking it back and selling it themselves. That, however, may be changing – at least in Las Vegas, Nev.
The Greater Las Vegas Association of Realtors® reports that the median price of a bank-owned home in April was $152,000, while short sale median prices were $140,000 during the same time period. Since the median sales price on a non-distressed property during that time period was $167,000, it appears that, at least in Vegas, short sales may be a better bargain.

Condition

Many homeowners trash their short sales before moving out, but not quite as often as do foreclosed homeowners. With no recourse against the "big, bad bank," they'll rip out fixtures, carpets and destroy walls. Then, the bank sells them - both foreclosures and short sales - "as is."
When purchasing a short sale, at least you can meet the owners and possibly find out from them what type of, if any, work has been done with the house. With a foreclosure you don't get that chance.
Both options require extra due diligence, ordering inspections of any of the home's major systems that you have even the slightest doubt about. Inspections are the only form of "insurance" you'll have with these purchases. Sadly, not everything can be picked up during inspections. Work with your real estate agent to find qualified inspection professionals.

Best Markets for Short Sales

The folks at RealtyTrac crunched the numbers and have determined which markets are best for short sale bargains and which offer better foreclosure values.
California is the state with the most short sale bargains:
Santa Barbara
Visalia
Porterville
Fresno
Vallejo
Fairfield
Bakersfield
Stockton
Modesto
Riverside
Sacramento
If you live in Phoenix, Ariz.; Las Vegas, Nev.; Grand Rapids, Mich.; Des Moines, Iowa or Virginia Beach, Va., you'll also find it's cheaper to buy a short sale than a foreclosure.

Best Markets for REOs

"Real estate owned" is a phrase used by lenders to describe their real estate holdings. In some cities, foreclosed homes still provide the deepest discounts for buyers. Ohio has four cities where you can find a deal on a foreclosure:
Cleveland
Dayton
Columbus
Canton
Florida also has four cities in which foreclosures are better deals than short sales:
Palm Bay
Daytona Beach
Pensacola
Sarasota
North Carolina features three cities where you can pick up a foreclosure cheaper than a short sale:
Charlotte
Winston-Salem
Greensboro
Rounding out the list are two cities in Tennessee, Memphis and Chattanooga, and two in Illinois, Chicago and Rockford.
Your best source of information on buying distressed properties is your real estate agent. Nobody knows the local market as well.

There are many advantages and unique challenges to buying short sale or foreclose homes in Charleston.  I have experience working with buyers and distressed homes.  I have also become an expert at finding these types of homes over the years.  If you are interested in buying a Charleston short sale or foreclosure home please contact me for further details.  Thanks!

More Home Selling and Buying Tips

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Looking for Charleston or Mt Pleasant homes.  Free MLS search updated daily!

Search Charleston & Mt Pleasant Homes

 

Thinking about selling your Charleston or Mount Pleasant Home.  Maybe just curios how much your home is worth?  For a free and no obligation home valuation just fill in some basic information about your home.

What's My Home Worth

Wednesday, February 19, 2014

Invite Inspiration When Decorating the Spare Room. Your Charleston & Mount Pleasant Home Resource

Invite Inspiration When Decorating the Spare Room

Whether you have company arriving for a visit or want to design a room that offers more space to relax in your home, the spare bedroom is an excellent opportunity to explore trending design elements. The room is there, waiting for you to try a few simple but creative ideas to make everyone feel at home.

Color

It all starts with deciding on your color base. Use the guest bedroom as a place to test new colors in your home. A bold gray-and-yellow combo makes a statement, or use lighter wall colors, such as aqua, to create a soothing atmosphere. Select a clean, white-walled bedroom to provide an open and refreshing space for guests, or try a vibrant hue, such as orange, to create a fun, bold space in your home.

Flooring

Whether the room has hardwood flooring and area rugs or you choose new carpeting, keep it neutral to provide a strong base for furniture and accents. If you have a hardwood floor, select a dark or light stain to add depth to the natural coloring. Remember to keep your wall color in mind when deciding on the color of flooring, especially if you want the colors to play off each other. Use area rugs for texture, pattern and an additional pull to draw your guests in. The flooring is the foundation on which to build your room design, so take time to explore different possibilities.

Furniture

After your room is painted and ready, keep the color of your flooring and walls in mind when deciding on the furniture. Turn to magazines or online searches for inspiration. Use furniture you have in the home in new ways, or find new, one-of-a-kind pieces. Imagine a light, airy guest room with a dose of vintage charm and an antique iron bed. Custom-painted furniture and plush fabrics to contrast with your new wall colors can add to a relaxed ambiance. You'll want to curl up in your own guest room for reading and an escape during the day. If you have a pair of twin beds, cover them in the same fabrics and add a charming armchair to unify the room and offer seating. The possibilities and combinations are endless; have fun with it!

Bedding

Selecting the bedding is the icing on the cake. Be bold and brighten up a room with playful patterns and vivid colors, or stick to a corresponding palette to tie patterns together. Use a variety of pillows and fabrics, like quilts and throw blankets, for plush accents. Try tribal patterns and designs inspired by traditional Asian and African motifs, which are trending. Classic black and white are also hot colors in bedding. Whether you decide on traditional floral patterns or mod stripes, this is the best part - find the perfect look for your bedding to tie your design together.

Accessories

This is it: the big finish. But don't go overboard in the guest room with accessories. Even if you go in the direction of more dramatic design versus casual comfort, be sure to choose simple items that have great impact on your overall decor. Traditional accents like colorful table lamps, bookshelves stocked with great reads, beautifully framed mirrors, and useful wicker baskets keep the space feeling cozy and classic. Keep the wicker baskets stocked with adorable new soaps, petite shampoos and conditioners, new toothbrushes, and even new books and magazines to make your guests feel right at home.

Helping those who need advise on staging their Charleston home for sale.  With a background in construction I can point you in the right direction.  Do you know where to spend your money to get the maximum return on your investment?  Have any ideas on what can be done relativity cheap to increase your homes value and appeal?  This is one of the many things I offer to my Charleston and Mt Pleasant clients.

More than just a Realtor, I am full time real estate professional specializing in Charleston and Mount Pleasant areas.  Please feel free to click the links below to search more real estate tips, homes for sale on the MLS, area information, or free home valuation.  Thanks!

More Home Selling and Buying Tips

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Looking for Charleston or Mt Pleasant homes.  Free MLS search updated daily!

Search Charleston & Mt Pleasant Homes

 

Thinking about selling your Charleston or Mount Pleasant Home.  Maybe just curios how much your home is worth?  For a free and no obligation home valuation just fill in some basic information about your home.

What's My Home Worth

Friday, February 14, 2014

Steps in the Mortgage Loan Process in Charleston and Mount Pleasant

Steps in the Mortgage Loan Process

You walk into the local bank and ask to see a mortgage specialist. Palms sweating, heart leaping – you are about to apply for what may be the largest loan in your life. A lot is riding on an approval: the ability to purchase a home, a new start in life, or the first steps toward a life that is moving in a new direction.
You probably don't realize that the lady sitting behind the desk actually wants to help you. Like your real estate agent, she doesn't get paid until the deal is consummated: until you take out a mortgage loan. Naturally, then, your first contact in the mortgage loan process is going to want to put your mortgage application in the best light possible.
Unfortunately, the loan officer doesn't have the final word on approval. To get to that great big "yes" requires work on your part, long before heading out the door to see a lender.
Grab your calculator and that stack of bills off the kitchen counter - you've got some number crunching to do.

What Budget?

If you live within a budget, congratulations – this part of the process will be a cinch for you. If you don't, it's time to determine how much money you have coming in and how much goes out. Once you know this, you can determine the amount of money you can comfortably afford to pay for a house every month. Remember, this amount needs to cover homeowners insurance, property taxes, and HOA fees if you move to a managed community.

Got Credit?

Lenders pull your credit reports as part of the loan process, but the wise mortgage loan pursuer will get out in front of the process and know where he stands with FICO, the corporation that determines consumers' credit worthiness.
By law, you're entitled to one free credit report each year, from each of the three major credit reporting agencies. The Federal Trade Commission recommends that you order the credit reports from AnnualCreditReport.com, the only source it authorizes.
Lenders use a score aggregated from all three credit reports and calculated by the Fair Isaac Corporation (FICO). Known as your FICO score, it largely determines whether you will be approved for credit and the interest rate you'll be offered.
Dispute anything on your credit reports that is questionable. Even removing one negative entry can move your credit score in a positive direction.

Piles of Paperwork

Finally, all those piles of paperwork lying around the house will come in handy. Although you'll need to ask your lender exactly what she needs to see, lenders typically want the following:
Copies of tax returns.
Investment information.
Bank account statements.
Your landlord's name and phone number, if you rent. If you currently own a home, bring your mortgage papers.
Your driver's license and social security card.
Paperwork, including the account numbers, pertaining to loans and credit cards.
Pay stubs or other information that verifies your income.
Court papers verifying your responsibility for support payments or bankruptcy, if applicable.

The Mortgage Loan Process

Here's what happens during the mortgage process:
You fill out the application.
Your loan package goes to the processing department where everything is verified.
The underwriter receives your package from the processing department and decides whether or not to give you a loan.
If the underwriter decides in your favor, the lender sends you a commitment letter.
These are the basic steps in the mortgage loan process, and they may vary depending on your situation.
While you wait for word of approval, the lender is required to send you, within three days of application, a Good Faith Estimate – commonly called the GFE. This form discloses the costs of the loan.
Expect a Truth in Lending Disclosure as well, which will let you know your monthly payment, the annual percentage rate of the loan, and a disclosure of all finance charges.
The loan commitment letter repeats the information in the GFE and the Truth in Lending Disclosure. If the terms meet with your approval, sign the letter and return it before the deadline.
While waiting around for loan approval is stressful, and there may be delays while the lender acquires additional paperwork from you, the more you are prepared going into the process the quicker and easier it will be.

Please don't let any of the above overwhelm you.  I work hand in hand with many local lenders.  Being pre-approved for a home mortgage is the best way to know how much you can spend on a home and stay on budget.  When writing an offer home sellers will require a pre-approval letter from your lender.

There are 9 items needed by the lender during the pre-approval process:
1 Employment information for past two years
2 Residence address for past two years
3 W-2 and tax returns for past two years
4 All bank account statements for past two months
5 Pay stud for past one month
6 Copy of social security card and other form of photo I.D.
7 Loan information on other real estate properties
8 For VA loan. Certificate of Eligibility and DD214's.  This is for veterans only
9 Divorce, foreclosures, and/or bankruptcy (if applicable)

I offer a hands on approach and will put you in touch with the right people.  Please contact me today for more information.
Mike Johnson  843-324-6676
mike@michaeljohnsonhomes.com
CharlestonMtPleasantHomes4Sale.com

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Wednesday, February 12, 2014

How Homes are Valued, Your Charleston & Mount Pleasant Home Resource

How Homes are Valued

Homes are valued a lot like everything else: They are worth what people will pay for them. The Maybach Exelero, the most expensive car in the world, sells for $8 million because that's what people will pay for it. By the same token, you can ask for $8 million for your Hyundai, Ford or Chrysler, but don't count on getting it – you'll get what the market says it's worth.
So, how do we know what a willing buyer will spend for a house? Although we may never be certain, by looking at the recent past, we can come up with a pretty good idea. This is why the market value of a house is based on sold homes that are comparable in various ways.
In other words, it doesn't matter what amount Tom, the next-door neighbor, lists his house for. The only thing that matters is what Jessica, your former neighbor, got for her house. List prices are fantasies while sold prices are reality.
Determining an accurate asking price for your home is vital, and the best way to find that price is by having the home professionally appraised. The second best way is to ask a real estate agent for a comparative market analysis. While both the appraiser and the real estate agent use the prices of sold homes as a basis, the appraisal process is a bit more in-depth.

The Appraiser

Licensed appraisers aren't house experts, but they are analysts, able to pull together myriad facts and statistics to arrive at a home's value.
To avoid a conflict of interest, most lenders adhere to the Home Valuation Code of Conduct (HVCC) and use the services of an appraisal management company.

The First Step in the Appraisal Process

Shortly after you've accepted an offer to purchase, you'll receive a call from the appraiser to set up an appointment to see the home. The time he or she spends inspecting the home varies, depending on the appraiser, but plan on it taking at least 30 minutes.
The appraiser makes note of the floor plan and any improvements, and takes measurements of the exterior of the home to determine the square footage.

Step Two

The appraiser uses statistics from the multiple listing service, public records, or a combination of both to find recently closed sales that are similar in age, size, location and features to your home. Typically, the appraiser relies on sales within the last 90 days, but may go back as far as six months. She will also use homes within a 1-mile radius of yours.

The Final Steps

The final steps of the appraisal involve comparing your house, which the appraiser calls the "subject," to the comparable homes. She'll use a list of criteria that includes the age of the homes, size, number of bedrooms and bathrooms, location and any improvements made to the homes.
She'll add or subtract value from your home depending on how it stacks up to the comparable houses until she arrives at the market value of your home.

What to Do if You Disagree With the Appraisal

An appraisal obtained by the lender is paid for by, and therefore belongs to, the buyer. So the lender won't send you, as the seller, a copy. It is up to the buyer to supply you with a copy if he or she is willing.
That said, if the appraised value is determined to be lower than what the buyer has agreed to pay, the lender will typically not lend on the property and the buyer and seller have some decisions to make.
The buyer can come up with a larger down payment (which brings down the amount of money he needs to borrow). Most buyers think long and hard about this option – nobody wants to overpay for a house.
The seller and the buyer can agree to split the amount that is over the appraised value, with the buyer bringing half the cash to the deal and the seller lowering the price of the home to meet his half of the deal.
Another option, and the one most commonly used, is that the seller lowers the price of the house to meet the appraiser's evaluation.
Finally, the seller can simply walk away from the deal.
Before any of these steps are taken, however, the buyer and the seller should review the appraisal to ensure that the appraiser used accurate information in his determination. Appraisers are human and do make mistakes. If errors are found, the buyer can notify the lender and ask for another appraisal.

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Thursday, February 6, 2014

Budgeting to Buy a House in Charleston or Mount Pleasant

Budgeting to Buy a House in Charleston or Mt Pleasant
No matter how good the credit rating, today's homebuyer no longer has the luxury of buying with little or zero down. Unless you are low-income with good credit, or a veteran, no-down loans are also a thing of the past.
Most lenders today want at least 20 percent of the loan amount as a down payment on a house. For a home priced between $168,300 and $287,500, a homebuyer would need to come up with between $33,660 and $57,500 just for a down payment. Then, there are closing costs to consider. These vary by state, but figure you'll pay over $2,000 on a $200,000 loan.
Saving up this money takes time and careful planning. The best way to start is by coming up with a budget that is realistic enough for you to stick with and by using other tips to help you get ahead financially.

The Budget

The only thing more challenging than setting up the budget is sticking with it over the long run. Using personal finance software will help you set it up, but only self-discipline and the desire for a new house will motivate you to stick with it.
First, you need to determine your total income from all sources. The second step is to list all the money that goes out every month, beginning with your fixed expenses. These include anything that has a fixed payment due every month, including:
Rent or mortgage (if you have a fixed rate).
Car payment.
Insurance.
Child support and alimony.
Installment loan payments.
Next, list your variable expenses. These may be a little more difficult to track, so you may want to document them over the course of a week or two on a chart such as the spreadsheet offered for free by a Canadian credit counseling service. Common variable expenses include:
Utilities.
Telephone.
Cable or satellite TV.
Anything you purchase on a daily basis (morning coffee, etc.).
Amy Fontinelle, writing at Investopedia, suggests that you track and update your budget daily so that nothing falls through the cracks.

Make Changes

Once you've used the budget for a month or two you'll be able to see where your money goes every week. This snapshot shows you where it's being wasted and, thus, where to make cuts. Any items cut from the budget mean more money to set aside for your house.
Some of these cutbacks might include bringing a lunch from home rather than hitting the café every day, riding your bike to work instead of driving or taking a cab, and using coupons to save money.

Make More Money

Cutting your budget expenditures and paying down debt aren't the only ways to move more quickly down the road toward homeownership. Finding ways to bring in more money gives your plan a turbo boost.
If you can take on overtime hours at work, do it. Consider holding a garage sale or selling unused items online. Sock away that extra cash for your down payment.

Savings

If you're like a lot of us, you may be tempted to use the money you're saving for something else that comes along. To avoid the temptation, put it in an online savings account that makes it difficult to withdraw. If you have to wait a few days for the money, you may think twice about withdrawing it.
As you build your savings, avoid the urge to add to your debt. There will be plenty of time after you buy the house to buy furniture, a car or whatever else you might be thinking of purchasing. Keep that house you want top-of-mind to motivate yourself to stay out of debt and continue saving.

I work with many local lenders hand-in-hand.  If you would like more information on being Pre-Approved please contact me.  Veteran loans (VA) and USDA loans have zero down plans.  FHA loans require 3.5% of sales price.  There are many options with zero to low down payments. 

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Tuesday, February 4, 2014

4 Common Roofing Choices for Your Charleton or Mount Pleasant Home

4 Common Roofing Choices for Your Home
Although often overlooked, a roof is one of the most critical elements of your home. If you're in the market to replace an old roof, or planning to build a new one, you have several common roofing types to choose from. Here's what you need to consider when comparing four popular roofing choices.

Asphalt Shingles

Easy to work with, modern asphalt shingles come in a wide variety of colors and styles. The traditional three-tab asphalt shingle – a form of strip asphalt shingles – still outsells newer architectural asphalt shingles, a thicker, heavier shingling that provides a rich, sculptured look to your roof. Premium asphalt shingles, sometimes referred to as laminated shingles, are distinctive in appearance. These shingles may look like "old world" shingles such as shake or slate. Premium shingles are generally more energy efficient and offer longer warranties (typically anywhere from 5 to 50 years depending on the asphalt shingle style).
Benefits: The advantages of asphalt shingles as a group include low initial cost, ease of installation and repair, fire resistance and the fact that they are DIY friendly. Additionally, if only one shingle is damaged or missing, you can generally perform a spot repair rather than replacing the entire roof. Some asphalt shingles offer mold, moss and algae resistance, and you can coat asphalt with treatments to seal and protect it.
Drawbacks: Asphalt is generally a short-lived roofing material. It also requires a lot of maintenance and is environmentally unfriendly, with premium asphalt shingles more efficient than the others.
Conclusion: While a good value, if you don't want to repair or replace shingles torn in storms or replace the roofing in the coming years, asphalt may not be the choice for you.

Metal Roofing

Benefits: With a typical life expectancy of at least 50 to 100 years, chances are good your metal roof will outlive most any other roof around. Metal is also fire retardant, so you'll never have to worry about any fire spreading to your home via the roof. Lightweight, with a variety of colors and styles, metal roofing is also environmentally friendly since it's energy efficient and recyclable. You can also install metal roofing over existing roofs, eliminating the need to tear off the existing material.
Drawbacks: Metal roofing is expensive. A low-end metal roofing product is at least twice as expensive as asphalt and most other roofing choices, and at the top end it may be four times as much – generally more expensive than any other selection but slate stone. Metal is also more difficult to install, which may discourage DIY homeowners. Some metal roofs may require periodic painting.
Conclusion: Because it is wind, storm and damage resistant, metal roofing is superior to most roofing products in terms of protection and energy savings. While more expensive initially, it will save money over time.

Wood Roofing

Typically made of cedar, wood roofing includes both wood shakes and wood shingles. What's the difference? A shake is rougher, thicker, and generally lasts longer. A shingle, on the other hand, is smoother, thinner, and more vulnerable to damage.
Benefits: In addition to a fairly good life expectancy, wood roofing is generally considered easy to maintain and repair. Wood roofing also allows you to choose nontraditional patterns such as V-cut and fish-scale patterns.
Drawbacks: Wood roofing costs more than asphalt, although less than some other choices. Wood shakes and shingles can also be time-consuming. Plan to inspect your roof at least once a year and to apply a preservative every few years to maintain your roof in the best condition. Wood is not fire resistant and it's vulnerable to storm damage.
Conclusion: Nothing beats wood in appearance, and a wood roof will age beautifully. If you live in a very humid area where mold is likely to grow on the wood or in an area vulnerable to fires, wood may not be the best choice. Some areas even ban wood roofs.

Concrete Tile

You may have seen a concrete tile roof and never even realized it. With a variety of colors and styles, a concrete tile roof (sometimes called cement tile) may even look like it was made from slate or clay, without the weight those choices entail.
Benefits: No doubt about it, concrete roofs are tough. Hail won't dent it, and winds won't blow the concrete away. Concrete tile also helps insulate the roof and may last longer than 30 years. During its life you can expect little to no maintenance.
Drawbacks: Concrete tiles are expensive – at least three times greater than the cost of asphalt and comparable to the more expensive metal choices – and difficult to install. Professional installation is recommended.
Conclusion: If the cost isn't prohibitive, a concrete tile roof may be the best choice for you.
When comparing roofing options, balance the cost, vulnerabilities and desirable features of each in order to select the roofing material that best suits your situation.

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Monday, February 3, 2014

Understanding FHA-Insured Loans. Your Charleston and Mount Pleasant Home Seller & Buyer Resource

Understanding FHA-Insured Loans.  Your Charleston and Mt Pleasant Home Seller & Buyer Resource
One of the few blessings to come out of the Great Depression was the FHA-insured loan. Although, contrary to what many think, it wasn't created to help low-income buyers get into home ownership. Just as during our recent Great Recession, during the Depression foreclosure rates skyrocketed, leaving lenders in the lurch. The FHA-insured loan was created to protect lenders from losses should the economy once again tank.
That said, the borrower does receive benefits from the loan. First, she benefits from the meticulous appraisal of the home, and second, from the low down payment requirements and attractive interest rates offered by lenders.

Eligibility Requirements

Although the Federal Housing Administration won't be loaning the money to you directly (you'll see a conventional lender for that), they'll take a look at your credit profile to determine whether they want to offer insurance on your loan.
Recent FHA changes call for a manual review of applicants with credit scores below 620 and debt-to-income ratios of 42 percent or higher. While these conditions don't automatically disqualify a borrower, it does decrease the number of applicants who qualify.
Statistics show that successful FHA applicants in August of 2013 had an average FICO score of 691, according to FoxBusiness.com. Unsuccessful applicants had an average FICO score of 667.
Remember, the lender may have stricter requirements, so it's always a good idea to take a look at your credit reports, fix any errors, and pay down some of your debt before applying for a mortgage.

The Down Payment

American homebuyers love the low down payment aspect of the FHA loan. Although lending criteria has tightened since the economic downturn, down payment requirements are still low – as low as 3.5 percent of the purchase price of the home.
An applicant with a FICO score lower than 579 may have to pay a 10 percent down payment, while those with higher scores – assuming they have adequate income and meet other loan requirements – typically qualify for the lower down payment.

Mortgage Insurance

Most homeowners know what PMI is – Private Mortgage Insurance. It's that policy they pay for but derive no benefit from. PMI protects the lender in case the borrower defaults.
FHA-insured loans also mandate mortgage insurance, but it's known as the Mortgage Insurance Premium (MIP) instead of PMI. As with PMI, FHA at one time allowed borrowers with a 78 percent loan balance to cancel their mortgage insurance premium. As of June of this year, however, that changed.
New FHA borrowers (since June 3, 2013) with low down payments (a starting loan balance of more than 90 percent of the value of the home) must pay for MIP as long as they have the loan. Borrowers with balances lower than 90 percent can choose to stop paying for MIP after 11 years.
To top it off, in April of this year FHA announced that they would be raising MIP premiums by 10 basis points, making the FHA-insured loan far less attractive than it once was.
Before settling on an FHA-backed loan, ask your mortgage broker to run scenarios comparing it with conventional loans as well as Fannie Mae's "My Community" loan program and Freddie Mac's "Home Possible" mortgage. You may find a better deal than FHA.

I work hand in hand with local lenders.  It would be my pleasure to assist you in the per-approval process.  Knowing your buying power is critical in knowing what you can afford.  Home sellers require per-approval letters when submitting an offer.

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Sunday, February 2, 2014

Here is my Charleston Super Bowl Recipe(s) for Denver Broncos and Seattle Sea Hawks' Big Game

 Super Bowl Recipe 

I for one am excited about the big game!!!  For a couple of reasons in no particulate order.
#1 Best offense ever seen in a single season, Peyton Manning's record breaking season
#2 Seattle leads the league in most defensive statical stats
#3 Super Bowl commericals
#4 THE FOOD

Here are a few things I will be eating before, during, and after the game:

Chicken Wings.  What is a sporting event without wings? One with room for improvement!!!!
I usually grill them but this year will be deep frying (out of propane).
Preheat oil to 350 degrees
Cook wings for 5-8 minutes, depending on size of wings
Remove when brown and check larger wings with meat thermometer.  (do not under cook poultry)  
Place wings in Tupperware with favorite sauce and some butter with lid and shake.
Grab your blue cheese or ranch dressing and you are ready to eat!

Nachos
There are a lot of ways to make them but this is how I make them:
Grab two large pots.  Bottom pot, fill with water and top pot fill with ingredients.
Turn on stove to heat bottom pot(Making nachos with indirect heat with stove helps you not to burn nachos) 
One pack of Velveeta cheese.  Cube cheese and place in pot.  Stir occasionally
For meat lovers (I am), brown pack of ground sausage.  I use hot sausage because I like the heat
When the cheese has melted stir in Rotel tomatoes.  Again I use the hot or extra hot.  You can use mild also
Next, stir in browned sausage
Your cheese is now ready.  Cover a plate of tortilla chip with cheese or put cheese in bowl for dip.
Add sour cream, frijoles, pintos, jalapenos, etc....
Ready to Go!

Hope you enjoy the game.  Let me know if you enjoyed any of these recipes.

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Saturday, February 1, 2014

Decorating the Modern-Day Laundry Room in Charleston and Mt Pleasant

Decorating the Modern-Day Laundry Room
Gone are the days when sterile white was an unspoken mainstay. In the modern laundry room, anything goes! From color selections to wall décor, go bold to show off individuality and personality. Cover the basics in terms of appliances, organization and functionality, and then let creativity rule to help build a workable space that's also enjoyable to be in.

Cover the Basics

There are a few obvious features that should be included in every laundry room. A washer and dryer, ironing board and utility sink are obvious "musts." Consider functional placement of these items to ensure ease of work. Washer and dryer units can be stacked or placed on pedestals for added under-unit storage when space is limited. Ironing boards can be built into or attached to the wall (only being lowered when in use) to again preserve valuable space. If possible, cabinetry and shelving should be included for storage of laundry soaps or additional cleaning supplies. Adequate counter space should also be considered to allow for folding clothes or sorting laundry, and closet space is handy for additional storage or air-drying delicates.

Building Off of Bold, Beautiful Color

Think of this room as your blank canvas to do with what you'd like. Classic laundry room color selections typically include clean, crisp whites or shades of pale blue. This color palette pairs perfectly with the feel and smell of warm, clean sheets and freshly folded towels.
Don't be afraid to choose bold wall colors such as red, green, yellow and even pink to liven up your space and make it more playful and fun. Add throw rugs and accessorize with complimentary colors. Have a utility sink skirt designed with a color or pattern that pairs well to add more flair and conceal added storage space underneath. Consider covering an accent wall with a patterned wallpaper and add a jeweled chandelier to create a shabby chic look. If your home has an overall established theme such as Tuscan, rustic or maybe even Southwest, consider maintaining this consistency in your laundry room.

Miscellaneous Décor

In addition to the fun décor items already mentioned above, this is where you can add personality to your laundry room. Consider a custom-made patterned valence for a window to enhance the room's theme while inviting an abundance of natural sunlight into your working space.
To create a rustic feel, consider adding vintage laundry accessories into your space, such as old washboards and irons or weathered metal buckets. Add vintage wall signage in wood or metal, and consider an old accordion wooden peg rack, which can be functional in addition to rustic.
Create a more contemporary feel with an appropriate light fixture and minimal wall décor. Keep your space tidy, clean and simple, adding only a classic vase with fresh flowers for a splash of color. Decorative wall tile such as subway tiles establish a more refined, modern environment.
A modern-day laundry room can include anything from classic framed prints that coincide with your chosen theme to wooden laundry signs or even wall decals and stencils. Block letters spelling "laundry" can also be fun and, depending upon space, can be either hung on a wall or sit on a shelf.

A Functional Space With Style

Bearing in mind that the laundry room serves a very specific purpose, there are still countless ways to maintain a very functional, organized workspace "with style." It can be fun and easy to accessorize while being practical.
Instead of leaving exposed laundry soaps or fabric softeners on your counters or shelves, use decorative wire or wicker baskets to conceal them while adding some charm. Decorative jars, including apothecary or mason jars, make great storage for anything from laundry soaps and loose dryer sheets to clothespins. Creative labeling can be a neat way to add additional detail and personality.
Think creatively. Let your personality be your inspiration. Use the decorative tips mentioned above to design your own unique laundry room.
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