A personal credit score predicts your credit behavior, mainly how likely you are to pay a loan back on time, based on information from your credit reports.
“Similarly, I have devised the same concept for my own home appraisals,” says Sheron Latibeaudiere, a real estate marketing specialist for the greater Toronto area, “to attach these same ranges of numbers, as a predictor of the home’s market worthiness and how likely the home is to achieve current real estate values, based on information reporting essential features and characteristics of a well-designed home.” Some evaluating factors include comparisons to current design trends, current buyer demands, comparative sales results and effective aesthetic designs.
“I have identified a number of factors impacting achieved market values/ worthiness, and these factors vary in how strongly they impact your home’s credit score. Having a well-designed kitchen is definitely one of the larger ones!” says Sheron.
Why is your home credit score important?
If you are looking to sell your home, a professional stager would use this report to improve immediate appearances. If you are a homeowner who takes pride in maintaining or improving the value of your most significant investment, a professional designer would use this report as a starting point for your home renovation and design project. We should ALL care about our home credit score. – Sheron Latibeaudiere, Real Estate Marketing Specialist, StageIt.One Inc, www.stageit.one
KITCHEN FEATURES THAT IMPROVE YOUR HOME’S VALUE
The following kitchen features are what today’s buyers are often willing to pay a premium to own.
UPGRADED COUNTERTOPS Quartz and granite are almost a standard request for many buyers today. They add beauty and are easy to maintain.
HARDWOOD FLOORING Both durable and long lasting, hardwood flooring adds warmth to the room.
NEUTRAL PAINT COLORS AND PROPER KITCHEN LIGHTING Neutrals are non-committal and are easily matched with other colors throughout the house. Neutrals give the right feeling of spaciousness and cleanliness. Adding an appropriate amount of lighting in the space creates a functionally inviting environment.
NEW KITCHEN CABINETS Matching your lifestyle needs with kitchen functionality is a perfect equilibrium! Some great spaces to achieve additional storage include a pantry, recycling center and more
VENTILATION HOODS OVER RANGES A superior ventilation system keeps the air clean with minimal lingering smells and prevents grease buildup and potential fire hazards.
EXTENDED KITCHEN REACH This design choice is, without a doubt, the most common reno design trend in 2023 and beyond. This is taking the open concept to the next level by using the connectivity of continuous visible spaces to influence how a kitchen looks and functions in a larger space.
UPGRADED APPLIANCES Stainless steel and energy efficient appliances by top tier brand names may cost more upfront but they pay for themselves in the years of usage. – StageIt.One Inc, www.stageit.one
INCREASED STORAGE SPACE Having a place for everything ranks high on the value list! Having sufficient storage space in a kitchen can be achieved in many forms such as built-in cabinets, a pantry or drawers. More storage means dedicated space for utensils, pots and pans, food items and more.