Got a few grand and a few days? Get a perfect home By Les Christie CNN Money 03-17-2010

Got a few grand and a few days? Get a perfect home By Les Christie CNN Money 03-17-2010

Got a few grand and a few days? Get a perfect home
By Les Christie
CNN Money
March 17, 2010

Hate the mess your home has deteriorated into but you don't have the time or means to do a comprehensive redecorating job? Or maybe it's time to sell your place, but you don't know how to show it off to best effect?

Take Christopher Micaud, for example. The fashion photographer needed to spruce up his Lower Manhattan loft with soaring ceilings and cityscape views in order to sell it. He soon, realized, however, that he faced a daunting task.

For one thing, his home has only two tall windows, both on a living room wall. And when guests walk in the door, they're confronted with a staircase, looking spindly and forlorn.

"We started to fix it up ourselves and came to a dead stop," said Micaud, who bought the 1,800-square-foot loft two years ago for $1.5 million.

Instead, he called in Jill Vegas, author of the new book "Speed Decorating," who focuses on redecorating at a minimum cost and warp speed. Ideally, she makes the most of what you have, showing you how to arrange it, what colors to paint, where to hang your artwork -- and what flourishes to add.

"It's about having a home you love right away," she said. "Speed decorating is not about calling in contractors; it's about looking at a room and thinking about what you can do in a couple of hours, a week, to make it better."

Before and after: Manhattan loft makeover
When she first arrived at Micaud's loft, she was not pleased. The entry opens onto windowless space facing the staircase. And to the left is a foyer with a sofa that has seen better days pushed against a blank wall.

"We need to have an amazing first impression," Vegas said. "You've already lost your sale. We want somebody to be curious enough to look further."

She also criticized the kitchen as tired and dingy. Plus, the traffic flow to the living/dining area was obstructed by two poorly arranged chairs. And overall, she found the decor to be too empty, too cold.

Vegas did find a few strengths, including the windows: "This is an amazing view. A giant city view. This is what people want," she explained.

To build on that, she had a few suggestions of where she and Micaud should start.

First, move those poorly arranged chairs to the side to make the seating area more welcoming.

Second, paint.

Third, Micaud should take photos from his collection, have them framed, and adorn the mostly-bare walls.

"We're creating a lifestyle, but we need some of your personality to sell it," she said.

Vegas worked mostly with what the Micauds already owned. She loved a modern floor lamp with a long neck that was lost in a corner. It now makes a more dramatic statement dangling over the dining table.

A vase of tree branches, which she pruned, took its place by a window, adding an outdoor echo to the urban streetscape beyond the glass.

The sectional sofa was pushed against the wall between the views and flanked by striking new lamps with silver shades. Paintings came out of storage to provide splashes of color for the otherwise monotone walls.

She also suggested painting the closet doors, replacing bathroom faucets and getting new electrical switch plates as quick, easy solutions with big impact. Finally, she added several pieces of furniture and accessories.

Vegas said she believes people can improve their living spaces following seven simple principles.

Create a sense of calm. Clear out clutter and organize what's left.
Shape up your rooms. Homes get out of condition. Getting them back in trim first requires a good cleaning during which you can note what needs to be repaired, replaced or repainted.

Incorporate personal style. Try to make rooms reflect you, whether that means warm tones and plush upholstery or stark lines and spare features.
Work out arrangements. Define the functions of different parts of the room. Once you know that, it's easy to figure out where your furniture and accessories belong.

Work with light. Kitchens and baths want bright "task" lighting, while in bedrooms and dining areas need softer, more romantic lighting.
Embrace color and texture. Look to nature for inspiration. Think of some of the colors you liked on recent vacations and reproduce them.
Find the devil in the details. The heart of speed decorating is using art and accessories to give your home uniqueness and attraction.

What it costs a consultation with Vegas costs $500 to start. Often, that's all the homeowners need. Others do the actual work themselves but have Vegas consult, paying $2,000 to $6,000 for those services.

A job like she did for the Micauds, where Jill and her team did all the work, can cost from $5,000 to $25,000.

Micaud thinks he'll make back the money he spent when he sells his home.

He might. The results of the redecorating, which took a couple of weeks, mostly to prep and paint, were dramatic. The tone and feeling of the loft had changed -- for the better. The lighting was more stylish. The kitchen had become a sleekly seductive asset rather than a liability.

The foyer area looks so much better with a curvy modern table replacing the old tired sofa. The look is completed with a tall vase of flowers reflecting in an ornately framed mirror.

The living room seems larger and more welcoming even as it retains its simplicity of cool lines and minimal clutter.

The loft is now being marketed through Sotheby's International Realty with a price tag of $1.895 million.

Micaud might not get that much in today's down market, but he now has a much better chance.

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Interiorally bring that house up to speed

Hi Joe,
Hiring a professional "stager" is a great idea and a good second income. It can be done and done well! HGTV shows how inexpensive it is all the time. It definetly helps to increase the profitability of your home.

Thanks for sharing.

Peace and Blessings,

__________________

“Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light not our darkness that frightens us. Actually, who are you not to be? You are a child of God. Your playing small doesn’t serve the world. There’s nothing enlightened about shrinking so that other people won’t feel insecure around you. We were born to make manifest the glory of God that is within us.”

- Nelson Mandela


Stager

Staging can definately be beneficial in getting a property sold. Hope all goes well.

__________________

"If you cannot do great things, do small things in a great way.”
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Wish him the best

Staging is key to getting that property sold. If not staging, at least have the property in the condition where the buyer could see it's potential. The price must be based on location, in Manhattan which is the mecca of NYC, the one that never sleeps, tourist attraction, where everyone wants to wine and dine. It is really a lovely city, but too fast for my liking. The suites are wonderful though. Hope he get his price and loft sold. Thanks for sharing Joe.

Sandra

__________________

"You can never get to the top, if you are not willing to climb. Do not look at the difficulty of the climb, only anticipate the view from the top."
"Can't even walk without you holding my hand." (Song)
"Is anything too hard for the Lord ..." Genesis 19:14
"In all things, wait on the Lord."
"Think not of your own deliverance, but trust in God who will give in abundance."
"When you are down to nothing, God is up to something." Unknown
"Our lives begin to end, the day we become silent about those things that really matters." Dr. Martin Luther King Jr.


Got a few grand and a few days? Get a perfect home

Hey Joe,

GREAT POINT and presented well. Thank you for sharing this article!

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Attract Private Investors to fund your deals so you can do more deals while using Other People's Money (OPM). For more info go to:
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John <>< Future DG & DL REI Billionaire
ASPEN PROPERTIES "I BUY (ALL CA$H), HOLD, LEASE & SELL Commercial and Residential Properties" ANY LOCATION, ANY CONDITION, ANY PRICE
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Thanks Joe,

for sharing this article. One of our cash buyers (rehabs & flips) puts a few pieces of furniture in the properties when he is done. His wife finds them at bargain prices. Occasionally the buyer(s) will ask to have the furniture included in the purchase of the property.

Lea
SPR Property Solutions, LLC


Interior Design Can Definitely Help

Maybe the degree my daughter is pursuing in Interior Design and Technology will pay off once I get flying. She has her final project presentation today at 3:00. She definitely has great ideas about how to decorate and also has the knowledge about some construction, electrical, and plumbing issues that I would probably miss. She will be an integral part of my team soon. Just need to get her a bit more excited that what I am trying to accomplish will actually work. The first deal will convince her!

Kristin

P.S. Good luck Tally!


Sheila,

Thanks for the adiditonal insight and tips. Sometimes a proeprty that is staged can sell or rent faster than one that is not. Based on the slow market, this may be creatign additional opprotunitites for people. Believe and Achieve! Smiling - Joe

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Jason,

Thanks for the additional comments. It appears staging may be the way to go especially iof the property does not get a lot of feedback or offers after viewings take place. Believe and Achieve! Smiling - Joe

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Sandra,

Thanks for additional insight and comments. I always believe there are valuable Points or lessons to be learned from real estate articles. Often I believe I can apply some of this information to my daily efforts. I believe it is so true the key for exterior of properties is a "Neat" appearance and the key for the interior is always "Clean" from the floors to the walls to the ceilings to the windows. Have a great weekend. Believe and Achieve! Smiling - Joe

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John,

Thanks for stopping by the forum. Have a great weekend and good luck locating the next deal. Believe and Achieve! Smiling - Joe

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Lea,

Thanks for sharing the additional insight and information. Thsi can be a great tip to include. I want to share my other findings from my Craigslist/eBay journal. If you locate a great piece of furniture or an item for a home, it could help sell the home even faster.

Maybe its a collector's cabinet or flat screen tv for the living room, appliance for the kitchen or laundry room or even a pool table for the basement. Would it be worth it to spend a few hundred on these items for a property to sell faster? You bet. Think staging and Craiglist when selling a property! Believe and Achieve! Smiling - Joe

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Kristen,

Thanks for sharing your comment. The first deal can sometimes be the hardest but you can do it! Sometimes decorating, staging and choice of paint colors can make all the difference in the world. I bet your daughter wil lbe a valauable additional to your Real Estate Team. Good luck on all your deals. Believe and Achieve! Smiling - Joe

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