Five Ways to Increase your Kelowna Home’s Curb Appeal

Five Ways to Increase your Kelowna Home’s Curb Appeal

Why increase your Kelowna homes curb appeal? Not only will you make a good impression on the neighbors, but if you’re trying to sell your home, these affordable DIY curb appeal ideas are going to make a great first impression on potential homebuyers.

One of the toughest parts of having Kelowna real estate for sale is when the clients visit the home and the buyers refuse to get out of the car because they don’t like the way the home looks from the street. While the three rules to real estate in Kelowna might be “location, location and location it can be a tough sell no matter where it’s at when the front of the home looks like a haunted house.

Whether you’re in the market to sell your Kelowna  home”or you just want to spruce up the front door with some affordable DIY home renovations”use the following five ideas for increasing your home’s curb appeal and make your home more attractive and valuable in the process.

One Day Front Door Makeover

If you’re looking to spend as little time and money as possible”yet still make a huge impact on your homes curb appeal”than nothing is easier than dressing up your front door with a little paint and polish. While a little paint can make a big splash of change to a front door, updating materials like front entry knobs, locks and hardware are all affordable and easy DIY projects that can take just a few hours to complete, yet leave a huge impression that can last for years to come.

Porch Symmetry

Symmetrical displays around the front entryway are a great way to dress up any porch on the cheap. Simple materials like potted plants, sconce lighting fixtures or even rocking chairs set on both sides of a front doorway help create eye-catching accents that are just as pleasing to the homeowner as to potential homebuyers. Other more time consuming front door renovations like door sidelights can add the perfect touch of symmetry to a front entryway without breaking the bank in the process.

Front Door Window Inserts

You can easily turn your boring old front door into a work of art in just a few hours with the addition of a window insert. These beautiful glass door inserts can be installed into any new or existing door with ease. They also come in a huge variety of colors, sizes, shapes and materials so no matter what your tastes or your budget, you’ll be sure to find the perfect window insert to help increase curb appeal. And because front door window inserts are one of the easiest and fastest home renovations to do yourself, it won’t cost you a fortune or take up weeks of your time to have an elegant entryway.

Landscape Lighting

Something that’s often not appreciated when you’re getting your home ready to sell is outdoor lighting. Just because potential homebuyers aren’t coming to visit during the night doesn’t mean that this simple curb appeal feature doesn’t get noticed. With just a few well-placed landscape low-voltage lights, you’ll be able to increase your home’s curb appeal as well as increase its security after the sun sets.

Mailbox Makeover Magic

With a little sweat equity, homeowners can significantly increase curb appeal and selling power by simply replacing their dated and worn mailbox with something potential homebuyers are sure to notice. Hanging drop boxes can match or contrast the color of the front door to create a unique entryway accent. Even if a roadside mailbox is still in good shape, a few flowering shrubs around the base can really bring it to life. And that’s not only going to increase your curb appeal”it might make the postal carrier happy too!

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here realtor Kelowna bc

Kelowna Home Sales -Brutal Laws of Supply and Demand

Kelowna Home Sales -Brutal Laws of Supply and Demand

Kelowna home sales are booming in Kelowna. But there are so many up for grabs that bargaining abounds and the average selling price is on the decline.

It’s the brutal laws of supply and demand, said Royal LePage realtor Andrew Smith.

Sales activity is crazy busy, but there’s so much inventory that homes have to be priced right and there’s going to be negotiation down.

Smith points to the 1,741 singlefamily homes for sale in Kelowna.

It creates a market where buyers have an abundance of choice and can demand price reductions to get what they want.

If not, they move on to a similar home for sale in the ultracompetitive environment and get what they want for the price they want.

If a home is over-priced it will either get 10 showings in a week and no offers or no showings because potential buyers already know it’s too expensive, pointed out Smith.

For the most part, a home listed at $400,000 is probably going to sell for $388,000 after negotiation. And I’ve seen homes go from being listed at $400,000 to $388,000 and then to $375,000 because the market is telling them they aren’t going to sell otherwise.

Smith has a nice three-bedroom, three-bathroom home with a big living and family rooms listed for sale on Saddleridge Drive in West Kelowna for $394,900.

It’s worth every penny, but market it will likely sell for a little less after haggling.

The latest figures from the Okanagan Mainline Real Estate Board show that 363 homes of all kinds “ single family, townhouse and condominium “ sold in the Central Okanagan last month.

Sales are good, but inventory is high, so the average selling price of a home in Kelowna remains soft, said Royal LePage realtor Andrew Smith.

That’s an astounding 49 per cent increase from the 243 sold in September 2012.

Yet, the just-released Royal LePage House Price Survey shows that year-over-year the average selling prices of a detached bungalow is down 1.4 per cent to $360,000 and a standard condo is off 2.6 per cent to $185,000.

This drop in prices is surprising as it is happening in an environment of healthy sales volumes, said Francis Braam, broker-owner at Royal LePage Kelowna.

Statistics from the Okanagan Mainline Real Estate Board are a little different because it breaks down home categories differently.

Detached single-family homes (which include two-storey houses as well as bungalows) currently have an average selling price of $466,000, a dip of 4.7 per cent from the $488,000 of September 2012.

Whatever figures you use, house prices are soft in Kelowna.

In fact, they are a still a long way off the average of $550,000 just before the recession hit in 2008.

There’s been much plunging and juttering since then, but generally the average price is recovering.

However, it’s still expected to take a few more years to catch up to the pre-recession price. That means it might be almost a decade before house prices recover to the pre-recession high in 2008.

There is a mentality out there that the Okanagan is on sale, so every property, no matter what it is priced at is subject to being negotiated down, said Smith.

As Canadians we also find it hard to sell our house for less than we paid for it and we don’t like to sell for less than our neighbor did.

Okanagan Mainline Real Estate Board president Karen Singbeil said we remain firmly in a buyer’s market.

Current conditions suggest stable to modest downward pressure on home prices, she said.

Successful home sellers typically have a sharp pencil when setting their asking price as a result of competition amongst sellers.

Saddleridge
This home on Saddleridge Drive in West Kelowna is priced for sale for $394,900.

However, while mortgage interest rates are still low, they could be rising, which may spur some potential buyers on, eating up inventory and pushing selling prices a little higher.

Kelowna was one of only two cities in the Royal LePage survey to see a drop in the average selling price of bungalows.

The other was Saint John, New Brunswick, where the price is now $176,100, off five per cent from last year.

Most cities have seen slight gains.

For instance, in Edmonton the $337,800 is 0.7 per cent more and the $458,000 in Victoria is up 1.8 per cent.

by Steve MacNaull   The Kelowna Courrier

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here Kelowna British Columbia real estate

Kelowna Housing Market- 21% Increase for 3RD Quarter

Kelowna Housing Market- 21% Increase for 3RD Quarter

Loud and thunderous applause for anyone who predicted a 21% increase in Kelowna  housing market sales for the 3rd quarter of this year.  We all knew the housing market would rebound eventually but I just don’t know anyone who thought it would start to happen right now.  There were 684 residential sales for the 3rd quarter compared to 567 for the same period in 2012.  Prices are down slightly though with an average price of $505,000 this year compared to $524,000 for Q3 2012. We’re approaching a balanced market but we all need to remember there are still a lot of Kelowna  houses for sale.  Currently there are 1,741 homes for sale in Kelowna.

 

The year to date numbers are also encouraging.  There were 2,043 homes sold for all of 2012, which was a so-so year.  It’s early October and we’ve already sold 1,950 homes this year so we’ll eclipse last year’s production  in a week or two.  Sellers are becoming more realistic in terms of pricing resulting in more homes being sold.

 

On the condo side of things there are 732 apartment condos currently for sale.  There have been 619 sales this year averaging $237,000.  There were 262 apartment sales during the third quarter of this year compared to 207 for the 3rd quarter of 2012.  That’s a 27% increase in apartment sales over last year.

 

Things are really busy in our household this time of year.  We just got back from dropping Kierra off in Minneapolis where she just completed in her first swimmeet of the season.  It was quite the 4 day drive then after a few days in Minnesota another 3 day drive back home.  The Canada Customs agent laughed at us and was surprised we were still talking to each other.  Next time we’ll fly.

 

Let us know if you know anyone thinking of buying or selling in Kelowna or West Kelowna.  It feels just like it did back in 2000 before prices started to shift with significant increases in condo and residential unit sales.

Happy Thanksgiving from our family to yours!

Regards,

Realtor Andrew Smith
Living in Kelowna,
Andrew Smith
Royal LePage Kelowna
1-1890 Cooper Rd, Kelowna, BC V1Y 8B7
250-979-8066 or Toll Free 1-877-330-5884
Follow me on Twitter @smithap01

Cal for more information https://www.okanaganbc.com/ or view here Kelowna BC properties