Low Housing Inventory a Boon for Home Improvement
Across the country, the number of single family residential homes for sale has dropped steadily over the past few years. Demand, meanwhile, has remained steady or even increased. This means that homes are selling faster, and for higher prices. However, it has also stimulated a boom in the home improvement market. According to the Harvard University Joint Center for Housing Studies, Americans will spend $316 billion on home improvement projects in 2017. That’s an increase of almost $100 billion over 2009, at the height of the great recession. What does more home improvement mean? You guessed it — time for a roll off container rental!
So why has this drop in housing inventory triggered a trend of more Americans taking on home improvement projects? Experts have a few theories. Stephen Holmes, a Home Depot spokesman, believes that when people have more value in their homes, they’re more likely to drop the cash on improving them. Another reason is that more seniors are choosing to stay in their homes, and need to make repairs and upgrades rather than selling. Another study by the folks at Harvard found that around 75% of those age 80 and older still live in their own homes. Likewise, few baby boomers have plans to move out. According to a study by realtor.com, 85% percent of baby boomers do not plan to sell their home within the next year. What all this means is that it’s a good time for home improvements, and that’s not changing any time soon!
Since low inventory has created a seller’s market, home improvements are also a great way to add value to your home if you’re planning on selling. We have a few posts here you can check out for some ideas on where you should focus your efforts to get the most bang for your buck.
Whether your project needs a 15 cubic yard container, a 12 yard, or junk hauling service, give us a call. We’ll take care of all your roll off container rental needs.
This post is part of a series on roll off container rentals and preparing your home for sale. If you haven’t already checked out part 1, I recommend doing so before continuing.
It’s a common belief that you can – or should – make upgrades to increase the sale price of your home. However, it’s worth taking this advice with a grain of salt. It’s easy to start sinking more time and money into upgrades than they’re really worth. That being said, what can you do to help make the best impression on a potential buyer?
Cleanliness is King
Rent a roll off container or get some junk hauling services from R&R containers and get that yard cleaned out. Your front yard and the exterior of your home are the first thing potential buyers will see — and you won’t get a second chance at a first impression! It’s also a good idea to sterilize the space of your personal items — family photos, kitchy decorations, etc. You want people to be able to imagine themselves living in your home, and a bunch of photos of your kids are going to ruin that illusion for them.
Hit the High Traffic Areas
If you are going to sink some money into renovations or upgrades, the high traffic areas are the place to put that money. The kitchen is number one. In most markets, upgrades like stainless steel appliances and granite countertops will help your home command a premium price point. Keep R&R containers in mind if you need a roll off container rental for your project! It’s also important that any repairs or maintenance your home needs are done before you list it. Buyers generally don’t want to spend their time and money bringing a house up to snuff, and the little things could definitely come into play when it’s time for your home to be inspected.
At R&R containers, we know that when you’re selling your home, you’re under a good deal of pressure. Let us make the preparation a little easier on you with hassle-free, affordable, on-time roll off container rentals and junk hauling services. Give us a call today!
If you’re getting your home ready for sale, you probably have a lot on your plate.
You might be painting, upgrading or maintaining your landscaping, making last minute upgrades or renovations, and, of course, preparing to pack up and move. At R&R containers, we’ve got your back during this transition with affordable junk hauling services and roll off container rentals to help with your cleanup, upgrade, or renovation. So, what are some of the things you should consider if you’re getting ready to put your home on the market?
One factor to consider in selling your home is seasonality of the real estate market. If your real estate market is really hot right now, seasonality might not matter to you. It could be the case that demand is so high in your area that you’ll get plenty of offers regardless of when you put your house on the market. However, in less competitive markets, it’s probably worth taking seasonality into account.
Essentially, there are two spikes in home purchases every year. The first one has just passed us by. Generally, the largest peak occurs in May and June. Then, during the hottest months of the year, demand slows somewhat. It’s still higher in the hot summer months than it is in the dead of winter, but not as high as either of the peak times. The next peak occurs after the heat has passed, in the second half of August and the first half of September. If you want your house to hit the market for the second peak of 2017, you’d better start getting it ready — if you haven’t already.
There are a variety of explanations as to why the real estate market exhibits this seasonality. Perhaps it’s because the kids are out of school and distracting their parents from the house hunt. Perhaps it’s because people spend their time traveling during July and early August. Perhaps it’s just too hot for folks to want to go out to open houses. It’s probably a combination of all these factors and some others, but experts don’t really have any solid explanations as yet.
Check back soon for Roll off Container Rental Before Selling your Home: Seasonality and Other Considerations — Part 2
Get ready for summer with a roll off container rental or junk hauling service from R&R containers.
Memorial Day means two things to Americans. First and foremost, it is a day when we pause to remember those who have made the ultimate sacrifice for our nation. Graves are decorated, flags are flown at half-staff, and moments of silence are observed all over this great country. Few people know that Memorial Day was invented in Georgia. It was observed for the first time in Columbus in 1866.
Memorial day also marks the unofficial start of summer, and severe summer weather is just around the corner. The official start to hurricane season is June 1, and the National Oceanographic and Atmospheric Administration has predicted an above average number of storms. They expect we’ll see 5-9 hurricanes, 11-17 named storms, and 2-4 major hurricanes (storms with wind speeds greater than 111 mph). What all this means, unfortunately, is that we may be in for quite a bit of storm damage.
Preparing for Severe Weather
Before the severe weather hits, it’s worth taking some time to evaluate your preparedness. Every home should have an emergency plan and emergency preparedness kit. For a list of what to put in your kit, take a look at www.ready.gov/kit.
One of the biggest dangers to both people and property during a severe weather event is falling trees. Now is a good time to evaluate the health of the trees on your property. If any of them turn out to be an accident waiting to happen, roll off container or junk hauling services from R&R containers are a great way to help nip the problem in the bud.
If you do end up having a tree fall on your property, keep us in mind. We’ll make your roll off container rental or junk hauling services as easy and stress free as possible so you can get back to normal life. Also, don’t forget to check with your insurance company, as the cost of tree removal as well as any damage they might cause could be covered.
Get prepared and stay safe
If you need a roll off container rental or junk hauling service, give us a call. We’re a locally owned and operated company and we care about our community. We’re happy to help.
Picking the right house
So, what makes a house a good candidate for a flip? It’s all about ROI. Many rookie house flippers make the mistake of thinking they need to strip the house down to the studs. While this may be necessary for some houses (and a real boon to those of us who offer roll off dumpster rental – it’ll take a lot of container loads!) it’s better left to experienced flippers with a wealth of experience to draw on and plenty of capital to sink into the project. Particularly when starting out, it’s best to pick a house that will require as little work as possible before you put it back on the market.
Hit the high traffic areas first
Given the right market conditions, you may not need to do any work on the house at all to flip it. In this situation, house flipping is like stock trading – just buy low and sell high. However, when people talk about house flipping, they generally are talking about making some improvements to the house to increase its value. So, what improvements have the best ROI? High traffic areas like the kitchen and bathrooms. Improvements here – new cabinetry, countertops, fixtures, appliances and the like – are a good bet for house flippers.
What size of roll-off dumpster rental will you need for your project?
If your project house requires only minor cleanup, then a 12 cubic yard container will probably fit the bill for you. Need to get rid of a deck? a 12 cu yard container will likely do the job. If you’ve taken on a bit more ambitious project, and need to get rid of old flooring, siding, windows, or shingles, a 15 cu yard container is probably the better bet for you. Remember, when it comes to roll off dumpster rental, it’s better to have a bit of extra space than a bit too little, as overfilling your container is going to cause problems down the road.
R&R Containers is a local, family owned and operated business. Give us a call for all of your roll off dumpster rental and junk hauling needs!
To flip, or not to flip, that is the question
From A to Zombie House Flipping, it seems like the stream of house flipping shows is never ending. Flip or Flop, Flip This House, Flipping Vegas, Flipping Out, Flip Men, First Time Flippers, and other shows all depict the triumphs – and trials – of this risky, but rewarding pursuit. If you’re renovating a house with the goal of flipping it, it’s almost certain you’ll need a roll off dumpster rental. But what else will you need?
Flipping houses can be a very risky business.
If market conditions turn against you, or you run into unforeseen issues, you could end up living in the house you meant to flip – or worse, end up bankrupt. The most common mistake rookie house flippers make is biting off more than they can chew.
A story of flip failure
I once knew a man who fancied himself a house flipper. To avoid embarrassing anyone, we’ll call him Jerry. Jerry was a handy guy, and he had a lot of connections in the real estate and construction industries. Jerry figured he had what it takes to become a pro house flipper, so he got some money together and bought himself a project house. Now, this house was a real fixer-upper. It had been built offsite and moved to its current location, where it sat unoccupied (and apparently without any doors or windows) for a few decades, serving as a nest for several dozen generations of the local pigeon population. Jerry’s first step after securing his roll off dumpster rental was to scrape the bulk of the bird dung off the floor with a snow shovel.
Now, if you’ve watched enough HGTV, you probably know where this story is going. Jerry ended up going way over his budget, couldn’t sell the house for enough to cover what he’d put into it, and ended up living in the place. Now, fortunately for Jerry, he didn’t go bankrupt, and he had sunk so much cash into the place that it ended up being a pretty nice place to live. However, it is obviously impossible to call this a successful flip.
Check back soon for House Flipping – Part 2