Author: laneknoxvillerealestate_5t7qn4

Paint colors can do a ton to fix a room’s flaws for not much money

Every home suffers a few negatives, but not every solution requires pricey structural changes. Paint is a frugal remodeler’s go-to solution to perk up a problem room.

Here’s how to pick paint colors to give any room a facelift:

Choosing Paint for a Room That’s Too Small

Painting walls white, cream, pastels, or cool colors (tinged with blue or green) creates the illusion of more space by reflecting light.

White or light colors on walls lifts the ceiling, bringing your eyes up, which makes you feel like you’re ina larger room.

How to use paint color to make a room seem bigger:

• Paint trim similar to walls to ensure a seamless appearance that visually expands space.
• Use a monochromatic scheme to amplify the dimensions of a room. Select furnishings in the same color. Lack of contrast makes a room seem more spacious.
• Extend wall color onto the ceiling an additional 6- 12- inches. This will make the room seem taller.
• Paint vertical or horizontal stripes. Vertical stripes enhance room height by drawing the eye up, horizontal stripes lure your gaze around the perimeter, making walls seem further away. Use similar light colors for low-contrast stripes, and your room will look even larger.
• Get a bit of a similar effect if you really want a darker shade by selecting a high-gloss paint sheen, which reflects light and enhances space.

For a Room That’s Too Large

When a space feels cavernous, draw walls inward and make it cozy with warm colors (red-tinged) because darker hues absorb light.

Similarly, a dark or warm color overhead (in a flat finish) helps make rooms with high or vaulted ceilings seem less voluminous.

For a Room That Needs a Soothing Vibe

The right paint choice can lend tranquility to a bathroom, master suite, or other quiet, personal space. A palette of soft, understated color or muted tones help you instill a calming atmosphere.

Some good choices include pale lavenders, light grays or greens, and wispy blues.

For a Room With Special Features That No One Notices

Call out notable features in a room with paint. Dress crown moldings and other trims in white to make them pop against walls with color.

Make a fireplace or other feature a focal point by painting it a color that contrasts with walls.

“Using a higher sheen of paint on woodwork, such as baseboards and door or window casings,” says Schwartze, “creates a crisp edge and clear transition from the wall to the trim.”

For a Room With Something Ugly to Hide

Not everything should stand out in a space. Using a low-contrast palette is a good way to hide unappealing elements or flaws.

Conduit, radiators, and other components painted the same color as the wall will seem to disappear.

Selecting low-sheen or flat paint colors also helps hide flaws. Unless walls are smooth, avoid using high-gloss paint because it reflects light and calls attention to an uneven surface.

How to Pick Paint Colors for Any Room

• Sample paint colors on a few walls.
• Use large swaths of paint so you can get a real feel for the color.
• Add samples to opposite sides of a room to judge the paint color from different angles.
• Check the space with the samples in place and watch how the paint color changes at different times of the day.
• Check the color on cloudy days, sunny days, and at night when you’ve got artificial lights on.

Easy ways to put the luster back into your floors.

Dogs chase kids, pans drop, chairs scrape, and soon you must repair wood floors and erase scratches that make a mess of your red oak or Brazilian cherry. A professional floor refinisher will charge $1 to $4 per square foot to apply a new coat of finish. No worries. We’ve got inexpensive ways to remove wood scratches and repair deep gouges in a few easy steps.

Camouflage Scratches

Take some artistic license to hide minor scratches in wood floors by rubbing on stain-matching crayons and Sharpie pens. Wax sticks, such as Minwax Stain Markers, are great scratch busters because they include stain and urethane, which protects the floor’s finish.

Don’t be afraid to mix a couple of colors together to get a good match. And don’t sweat if the color is a little off. Real hardwoods mix several hues and tones. So long as you cover the contrasting “white” scratches, color imperfections will match perfectly.

Homemade Polish

Mix equal parts olive oil and vinegar, which work together to remove dirt, moisturize, and shine wood. Pour a little directly onto the scratch. Let the polish soak in for 24 hours, then wipe off. Repeat until the scratch disappears.

Spot-Sand Deep Scratches

It takes time to repair wood gouges: Sand, fill, sand again, stain, and seal. Here are some tips to make the job go faster.

• Sand with fine-gauge steel wool or lightweight sandpaper.
• Always sand with the grain.
• Use wood filler, which takes stain better than wood putty.
• Use a plastic putty knife to avoid more scratches.
• Seal the area with polyurethane, or whatever product was used on the floor originally.
• Apply the polyurethane coat with a lambs wool applicator, which avoids air bubbles in the finish.

Fix Gaps in the Floor

Old floorboards can separate over time. Fill the gaps with colored wood putty. Or, if you have some leftover planks, rip a narrow band and glue it into the gap.

Wouldn’t it be nice to approach your home’s entrance with a grin instead of a grimace? Take our tips for beating a clear, safe, and stylish path to your front door.

First impressions count — not just for your friends, relatives, and the UPS guy, but for yourself. Whether it’s on an urban stoop or a Victorian front porch, your front door and the area leading up to it should extend a warm welcome to all comers — and needn’t cost a bundle.

Here’s what you can do to make welcoming happen on the cheap.

1. Clear the Way for Curb Appeal.

The path to your front door should be at least 3 feet wide so people can walk shoulder-to-shoulder, with an unobstructed view and no stumbling hazards. So get out those loppers and cut back any overhanging branches or encroaching shrubs.

2. Light the Route.

Landscape lighting makes it easy to get around at night. Solar-powered LED lights you can just stick in the ground, requiring no wiring, are surprisingly inexpensive. We found 8 packs for under $60 online. 

3. Go Glossy.

Borrow inspiration from London’s lovely row houses, whose owners assert their individuality by painting their doors in high-gloss colors. The reflective sheen of a royal blue, deep green, crimson, or whatever color you like will ensure your house stands out from the pack.

4. Pretty Up the View.

A door with lots of glass is a plus for letting light into the front hall — but if you also want privacy and a bit of decor, check out decorative window film. It’s removable and re-positionable, and comes in innumerable styles and motifs. Pricing depends on size and design; many available for under $30.

A way to get the look of stained glass without doing custom work or buying a whole new door: Mount a decorative panel on the inside of the door behind an existing glass insert, $92 for an Arts and Crafts-style panel 20-inches-high by 11-inches-wide.

5. Replace Door Hardware.

While you’re at it, polish up the handle on the big front door. Or better yet, replace it with a shiny new brass lockset with a secure deadbolt. Available for about $60.

6. Please Knock.

Doorbells may be the norm, but a hefty knocker is a classic that will never run out of battery life, and another opportunity to express yourself (whatever your favorite animal or insect is, there’s a door-knocker in its image).

7. Ever-Greenery.

Boxwoods are always tidy-looking, the definition of easy upkeep. A pair on either side of the door is traditional, but a singleton is good, too. About $25 at garden centers. In cold climates, make sure pots are frost-proof (polyethylene urns and boxes mimic terracotta and wood to perfection).

8. Numbers Game.

Is your house number clearly visible? That’s of prime importance if you want your guests to arrive and your pizza to be hot. Stick-on vinyl numbers in a variety of fonts make it easy, starting at about $4 per digit.

9. Foot Traffic.

A hardworking mat for wiping muddy feet is a must. A thick coir mat can be had at the hardware store for less than $20. Even fancier varieties can be found well under $50.

10. Go for the glow.

Fumbling for keys in the dark isn’t fun. Consider doubling up on porch lights with a pair of lanterns, one on each side of the door, for symmetry and twice the illumination. Many mounted lights are available well under $100.

11. Snail Mail.

Mailboxes run the gamut from kitschy roadside novelties masquerading as dogs, fish, or what-have-you to sober black lockboxes mounted alongside the front door. Whichever way you go, make sure yours is standing or hanging straight, with a secure closure, and no dings or dents. The mail carrier will thank you.

Finding drainage problems when they’re smaller and easier to fix can save you thousands of dollars and plenty of headaches down the line.

You don’t have to be a geophysicist to know that puddles in the basement or a lake on the front lawn are signs of drainage problems.

But many drainage problems aren’t so obvious. Here’s how the pros read some of the more subtle signs of bad drainage, and why you’ll save big bucks if you tackle these problems now instead of later.

Sign #1: Gushing Gutters

A mini Niagara over the edge of your gutter means dead leaves and debris are blocking the flow. But you don’t need a live gusher to tell you you’ve got problems: Vertical streaks of dirt on the outside of gutters, mud spattered on siding, or paint peeling off the house in vertical strips are other sure signs. If you don’t take action, overflowing gutters can rot siding, ruin paint jobs, and cause structural damage.

Best case: Leaves are clogging the downspout, and you just need to clear them out or hire a pro to do it (about $75).

Worst case: Gutters are undersized or improperly pitched and need to be replaced or reinstalled. That could run a few thousand dollars, but it’s still cheaper than new siding.

Sign #2: Downspouts That Dump

Each inch of rain that falls on 1,000 square feet of a roof produces more than 600 gallons of runoff–enough to fill 10 bathtubs to the brim. Dumping that much water too close to the foundation can send it right into the basement, where it can ruin furnishings, flooring, and all the stuff you swore you’d put on shelves one day.

Best case: You can add gutter extensions (about $10 for a 10-foot length) to carry the water at least 5 feet away from the house.

Worst case: Too-short downspouts continually dump buckets of water around your foundation. The water seeps deep into the soil and puts pressure on your foundation walls, eventually cracking them. A foundation contractor comes out and gives you an estimate of $30,000 to excavate around your foundation and fix everything. You begin to cry, dumping buckets of water into the soil around your foundation.

Sign #3: Water Stains in the Basement

Depending on where a stain shows up, you can tell if the problem is caused by surface water, which can be easy to deal with, or water traveling underground, a potentially bigger headache.

Best case: You see stains high on your foundation wall, meaning that water is coming from an overflowing gutter, or that surface runoff backed up against your house because the soil around your foundation doesn’t slope adequately (6 inches for every 10 horizontal feet is best).

Worst case: The stain extends in a line around the basement. If that’s the case, you may be looking at a high-water mark caused by a fluctuating water table. Or, your basement floor lies below the level of municipal storm drains that back up during heavy rains. In either case, an interior drain system and sump pump (around $3,000) will pump any seepage out of our basement, keeping your old bowling trophies dry.

Sign #4: Cracks in the Foundation

Foundations often have small cracks that appear as houses settle over time. Most are harmless, but bigger cracks bear watching. Keep an eagle eye on cracks larger than 1/8-inch wide by marking the ends with an erasable pencil line. Measure the width and jot it down. If you notice the cracks are growing, you’ve got potential problems.

Best case: A crack appears where the builders finished installing one load of concrete and began pouring the next. Such cracks usually don’t penetrate all the way through. And even if they do, as long as they’re stable you can patch them with hydraulic cement or polyurethane caulk for less than $20.

Worst case: Cracks are continuing to widen, indicating that a drainage problem may be ruining the foundation. Call a structural engineer (not a contractor or waterproofing expert) to diagnose the problem, assess the risk, and suggest a repair. Expect to shell out $300 for a structural engineer’s diagnosis.

Sign #5: Flaking and Deposits on Walls

If you see areas of white or gray crust on the basement walls, that’s efflorescence–mineral deposits left behind by evaporating water. Or the wall may be flaking off in big patches, a condition called spalling.

Best case: The efflorescence points to a place where moisture is condensing. It doesn’t cause structural problems, but you may want to check out your gutters, downspouts, and the grading of the soils around your foundation. Scrape off the crust if it looks ugly.

Worst case: The wall is spalling because water is getting inside the masonry. Spalling can be just superficial, but if it’s deeper than ½-inch and widespread, it may be a sign of improper drainage that threatens the integrity of your foundation.

Sign #6: Mildew in the Attic

Sure, the attic might be a strange place to look for drainage problems, but mildew on the underside of the roof can be a tipoff to serious trouble at the ground level.

Best case: Bathroom fans are spewing hot air directly into the attic, where it condenses on the cold back side of the roof and causes mildew. Venting the fan through an outside wall or the roof (about $200) solves the problem.

Worst case: Moisture from the basement or crawl space is rising through the house and condensing on the underside of the roof. In that case, you’ve got to find and stop the source of the dampness under the house. If you don’t act, you’ll end up replacing roof sheathing and shingles, a job that runs $6,000 to $9,000 for the typical house.

Sign #7: Migrating Mulch

When soil doesn’t drain properly, rain runs off in sheets, carving gulleys in the landscape, dumping silt on pathways, and carrying piles of mulch or wood chips where they don’t belong.

Best case: For a few hundred dollars, you can hire a landscaper to create a simple berm (a soil mound) or swale (a wide, shallow ditch) to redirect the water flow away from the house.

Worst case: Your concrete patio cracks and paving stones start popping up because the gravel or sand base material has washed away. After redirecting the water, you’ll need to excavate the patio and start again.

Tips for a barefoot-worthy lawn that’ll ensure your home has uber curb appeal.

Ahhhh, that sensation of stepping onto a freshly mowed lawn sans footwear. There’s nothing like it.

Here’s how to ensure that grassy feeling from spring to fall.

Early Spring

Like so many maintenance jobs, everything goes smoother — and you’ll get better results — with proper preparation. Early spring is the time to get ready for lawn-growing and mowing season.

Related: How to Bring Back Your Lawn After Winter Damage

Sharpen mower blades to ensure clean cuts. A dull blade tears the grass, leaving jagged edges that discolor the lawn and invite pathogens.

Sharpen mower blades once each month during grass-cutting season. Have a backup blade (about $20) so that a sharp one is always on hand.

Tune up your mower with a new sparkplug ($3 to $5) and air filter ($5 to $10). Your mower might not need a new sparkplug every season, but changing it is a simple job, and doing it every year ensures you won’t forget the last time you replaced your sparkplug.

Buy fresh gas. Gas that’s been left to sit over the winter can accumulate moisture that harms small engines. This is especially true for fuel containing ethanol, so use regular grades of gasoline.

If you need to dump old gasoline, ask your city or county for local disposal sites that take old fuel.

Clean up your lawn. Time to get out the leaf rakes and remove any twigs and leaves that have accumulated over the winter. A thick layer of wet leaves can smother a lawn if not immediately removed in early spring. Cleaning up old debris clears the way for applying fertilizer and herbicides.

Spring

Depending on your weather, your grass will now start growing in earnest, so be ready for the first cutting. Don’t mow when the grass is wet — you could spread diseases, and wet clippings clog up lawn mowers.

Fertilizing: Both spring and fall are good times to fertilize your lawn. In the northern third of the country, where winters are cold, fertilize in fall — cool weather grasses go dormant over winter and store energy in their roots for use in the spring.

For the rest of the country, apply fertilizer just as your grass begins its most active growth. For best results, closely follow the application directions on the product. You’ll spend about $50 to $75 per application for an average 1/4-acre lot.

Aeration: Aerating punches small holes in your lawn so water, fertilizers, and oxygen reach grass roots. Pick a day when the soil is damp but not soaked so the aeration machine can work efficiently.

Pre-emergent herbicides: Now is the time to apply a pre-emergent herbicide to prevent crabgrass and other weeds from taking root in your lawn. A soil thermometer is a handy helper; you can pick one up for $10 to $20. When you soil temperature reaches 58 degrees — the temperature at which crabgrass begins to germinate — it’s time to apply the herbicide.

Early Summer

Watch out for grubs: Warm weather means that grub worms, the larvae stage of June, Japanese, and other beetles, start feeding on the tender root systems of lawns. Affected lawns show browning and wilting patches.

To be certain that the culprits are grubs, pull back the sod and look for white, C-shaped grubs. If you see more than 10 per square foot, your lawn should be treated with a chemical pesticide.

Milky spore is an environmentally friendly way to control some species of grubs. When using insecticides, read and follow all label directions, and water the product into the soil immediately. Cost is around $50 to $75 per application.

Grass-cutting tip: Your grass is starting to grow fast, and you might even be cutting more than once a week to keep up. To keep grass healthy, mow often enough so you’re removing no more than 1/3 of the grass blade.

Pesky weeds: Weeds that have escaped an herbicide application should be removed with a garden fork. Use a post-emergent herbicide only if you think the situation is getting out of hand.

Summer

Here’s a good mantra to guide you through the heart of grass-mowing season: The taller the grass, the deeper the roots, the fewer the weeds, and the more moisture the soil holds between watering.

With that in mind, here’s how to ensure a healthy, green lawn:

• Set your mower blade height to 3 inches.
• Deep and infrequent watering is better for lawns than frequent sprinkles, which promote shallow root growth. In general, lawns need about 1 inch of water per week.

Lawns that receive less than that will likely go dormant. That’s okay, the grass is still alive, but dormant lawns should still receive at least 1 inch of water per month. Your grass will green up again when the weather brings regular rains.

• To check sprinkler output, scatter some pie tins around the yard to see how much water collects in a specific amount of time. Having a rain gauge ($5 to $20) will help you keep track of how much water the lawn receives naturally.
• At least once each month, clean underneath your mower to prevent spreading lawn diseases.
• Although it’s OK to leave grass clippings on the lawn where they can decompose and nourish the soil, remove large clumps. Regularly rake up any leaves, twigs, and debris.

If your grass seems to be stressed out, check out our advice on what to do if your lawn is turning brown.

Early Fall

The best time to patch bare or thin spots is when the hot, dry days of summer have given way to cooler temps. Follow these simple steps:

• Remove any dead grass.
• Break up the soil with a garden trowel.
• Add an inch of compost and work it into the soil.
• Add grass seed that’s designed for shade or full sun, depending. Spread the seed evenly across the bare patch.
• Use a hard-tooth rake to work the seed into the soil to a depth of about half an inch.
• Sprinkle grass clippings over the patch to help prevent the soil from drying out.
• Water the area; you’ll want to keep the patch moist, so lightly water once a day until the seed germinates and the new grass gets about one inch tall.

Fall

Your main job in fall is to keep your lawn free of leaves and other debris. You can use a mulching mower to break up leaves and add the organic matter to your soil, but be sure to clean up any clumps so they don’t kill the grass.

In the northern one-third of the country, now is the time to fertilize your lawn. Your grass will store the nutrients in its roots as it goes dormant over the winter, and your lawn will be ready for a jump start when spring warms the ground.

This is also the time to clean up your garden.

Don’t let badly designed or maintained landscaping wreck your home’s curb appeal. Here are pitfalls to avoid.

Clumsy, neglected, and hodgepodge landscaping not only hurts your home’s curb appeal, it can cut the value of your property and make it harder to sell.

Real estate appraisers say bad landscaping is a buyer turnoff that can increase the number of days a property languishes on the market, which also hurts prices.

“I’ve been with clients who won’t even go into a house because of the bad landscaping outside,” says Mack Strickland, a Chester, Va., REALTOR® and appraiser.

Even more important, bad landscaping is a downer that hurts the way you see and enjoy your home.

Don’t let bad landscaping happen to you.  Here are the seven landscaping mistakes that bust, rather than boost, your home’s curb appeal.

1. Planting Without a Plan

Some landscaping choices, such as a line of begonias, will last a season; others, like trees, can last a lifetime. So, take time to plan and plot a yard that gives you maximum enjoyment and curb appeal.

For the design challenged, landscape architects are worth the investment ($300 to $2,500 depending on yard size). They will render elevations of your future yard, and provide plant lists so you can install landscaping yourself.

Related: How to Create a Landscaping Plan on a Budget

2. Too Much Togetherness

Yes, planting in clusters looks way better than installing single plants, soldier-like, throughout your yard. But make sure your groups of perennials, shrubs, and trees have plenty of room to spread, or they’ll look choked and overgrown. Also, over-crowded landscaping competes with itself for food and water, putting the clusters at risk, especially during drought.

Google how high and wide the mature plant will be, and then combine that info with the spacing suggestions on planting labels. At first, garden beds of young plants will look too airy and prairie-like. But within three years, your beds will fill in with room to grow.

Remember: First year it sleeps, second it creeps, third it leaps.

3. Zoning Out

Don’t be seduced by catalog plants that look gorgeous on paper but aren’t suited to your hardiness zone. You’ll wind up with plants that die prematurely, or demand winter covers, daily watering, and other intensive efforts to keep them alive and well.

Check plant labels to see which hardiness zones are best for your plants.

4. More of the Same

Resist the design temptation to carpet-bomb your yard with your favorite plant or shrub, which will create a boring, monochromatic landscape. Worse, your yard will look great when your fave flowers bloom, then will look drab the rest of the year.

Mix things up and strive for four-season color. For example, combine spring-blooming azaleas with summer-blooming roses and autumn-blazing shrubs — such as burning bushes (Euonymus alatus). For winter color, try the red osier dogwood (Cornus stolonifera), a hardy shrub that sports bright-red branches in winter.

Related: 9 Winter Plants that Dazzle Even in Snow

5. Refusing to Bury Your Dead

Nothing wrecks curb appeal faster than rows of dead or dying shrubs and perennials. So quickly remove your dearly departed landscaping from your front and side yards.

Spent plants that lived their natural lives are good candidates for a compost pile — if you grind them first, they’ll decompose faster. But if your landscaping succumbed to disease or infestation, it’s best to inter them in black plastic bags, then add to the trash.

6. Weeds Gone Wild

Weeds not only wreck the look of your landscaping, they compete with pricey vegetation for water and food. Weeds also can shorten the life of brick, stone, and pavers by growing in mortar cracks.

The best way to stop weeds is to spread a pre-emergent about three weeks before weed seeds typically germinate. If you can’t stop them from growing, at least get rid of weeds before they flower and send a zillion weed seeds throughout your yard.

7. Contain Those Critters

Deer, rabbits, and other backyard pests think your landscaping is an all-you-can eat buffet, leaving you with denuded branches and topless perennials.

If you’ve got a critter problem:

• Plant deer- or rabbit-resistant varieties. Your local extension agent can provide a list of green things critters won’t eat in your area.
• Install an electric fence around landscaping you want to protect.
• Spray plants with critter repellent. After a hard rain, spray again.

5 key questions to ask yourself before buying a home.

Tired of working so hard just to build your landlord’s equity instead of your own? Been dreaming about paint swatches and obsessing over Pinterest projects? Making that leap from renting to owning a home comes with many perks — both financial and emotional. And even though home ownership comes with great responsibility, you might be surprised how achievable it can be.

Certainly, the best time to trade security deposits for a down payment is different for everyone. If you’re thinking about switching from renting to owning, ask yourself these five questions to decide if you’re ready to embark on the home ownership adventure.

1. Are You Financially Prepared?

Let’s not beat around the bush: Buying a home requires a substantial financial commitment.

There’s the down payment, of course. “On average, you want to have a minimum of 5% to 7% of the cost of the home you’re targeting,” says Jason Harriman, a REALTOR® with San Antonio-based Heyl Real Estate Group at Keller Williams Realty. Then, add 3% to 6% more for closing costs, which will vary based on where you live and what taxes your state and city require you to pay.

Tip: Keep in mind if you put down less than 20%, you’ll pay PMI, private mortgage insurance, which protects the lender in case of default. Usually, it’s about $50 to $200 a month. But once you reach a certain threshold on your loan to value ratio, you can cancel PMI.

A healthy credit history is also important. Most borrowers will start to qualify for a mortgage with a minimum score of 620 — but the most competitive interest rates will be offered to those with a score of 700 or above. So if you haven’t started practicing those good credit habits yet, it’s time to start developing them.

Related: Myths About Credit Scores

One of the trickiest hurdles for young adults, so many of whom are lugging around student loan debt, is the debt-to-income (DTI) ratio. Mortgage companies want borrowers to have a certain level of cash flow each month, and that means taking into account how much you’re paying out to other lenders. Ideally, a borrower’s debt-to-income ratio — how much you pay toward debt each month divided by your gross monthly income — should fall below 36%. (Strictly speaking, a loan is considered able to be paid if the DTI doesn’t exceed 43%.) If yours doesn’t, think about how you can get that debt needle moving in the right direction.

“The best way to do this is to pay off any unsecured debts like credit cards and personal loans, and keep them as close to a zero balance as you can,” says Harriman.

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2. Are You Prepared to Make Compromises?

Kathleen Celmins, who manages the personal finance site “Stacking Benjamins,” was financially prepared to manage a mortgage. But once the house hunting began, she quickly realized she was priced out of the homes she had envisioned for herself.

“I originally wanted a single-family home with a yard and in a great neighborhood,” she says. But given her price point, the homes she could afford ended up being in, well, not the greatest neighborhoods. “At one point, we looked at a property that was directly behind a strip club,” she laughs. “We didn’t even go inside.”

After several weeks of searching, Celmins realized she needed to find a middle ground. “In my price range, I could get a not-so-great house in a not-so-great neighborhood. Or, I could get a really cute condominium with a gas range and granite countertops,” she says. “It was something I compromised on. I gave up a yard for having fancy stuff in my condo.”

3. Are You Emotionally Ready?

When it comes to renting, surprises don’t require much emotional investment. The rent goes up? You can move. The fridge is on the fritz? The landlord will send someone over. Home ownership is a bit more hands-on. If the toilet breaks, it’s time to start reading Yelp reviews. And if property taxes unexpectedly rise, it’s on you to appeal or pay up.

“My homeowners association fee doubled in the first year I owned my condominium,” says Celmins. “Then my real estate taxes were reassessed. My mortgage payment went up and I panicked. I didn’t even know that could happen.”

Of course, having the financial flexibility to cover those unexpected things is important, but don’t overlook the importance of having the mental and emotional capability of dealing with them responsibly when they arise. Everything could be peachy for months, and then three maintenance issues might spring up in the same week. Stress management and problem solving skills are home ownership biggies.

4. Will Owning Pay Off in the Long Run?

Depending on the home you choose and where you live, you may pay a lower mortgage than you paid for rent. But even if you don’t, there’s still the financial advantage of building equity in your home, instead of lining your landlord’s pockets.

5. Has Your Lifestyle Outgrown Renting?

Many people find a rental can only take them so far. When you’re ready to start a family, you’re going to want a few extra rooms, and that can get expensive with rising rental rates. A yard also provides a safe place for Junior to play or for a dog to scamper around. And speaking of Fido, the vast majority of renters have trouble finding a place that will allow for their pet. Home ownership can end that stress for good.

Then there are the renovations. If you’re itching to test out your DIY skills and personalize your space, you’re probably ready to own. Landlords who allow property renovations — especially DIY projects — are few and far between.

Buying a first home is a big change — both from a financial and an emotional perspective. Still, for many, home ownership can be one of the most rewarding life choices one can make. “Turns out it’s awesome,” said Celmins. “I love it so much.”

While you’d like to get the best price for your home, consider our six reasons to reduce your home price.

Home not selling? That could happen for a number of reasons you can’t control, like a unique home layout or having one of the few homes in the neighborhood without a garage. There is one factor you can control: your home price.

These six signs may be telling you it’s time to lower your price.

1. You’re drawing few lookers.

You get the most interest in your home right after you put it on the market because buyers want to catch a great new home before anybody else takes it. If your real estate agent reports there have been fewer buyers calling about and asking to tour your home than there have been for other homes in your area, that may be a sign buyers think it’s overpriced and are waiting for the price to fall before viewing it.

2. You’re drawing lots of lookers but have no offers.

If you’ve had 30 sets of potential buyers come through your home and not a single one has made an offer, something is off. What are other agents telling your agent about your home? An overly high price may be discouraging buyers from making an offer.

3. Your home’s been on the market longer than similar homes.

Ask your real estate agent about the average number of days it takes to sell a home in your market. If the answer is 30 and you’re pushing 45, your price may be affecting buyer interest. When a home sits on the market, buyers can begin to wonder if there’s something wrong with it, which can delay a sale even further. At least consider lowering your asking price.

4. You have a deadline.

If you’ve got to sell soon because of a job transfer or you’ve already purchased another home, it may be necessary to generate buyer interest by dropping your price so your home is a little lower priced than comparable homes in your area. Remember: It’s not how much money you need that determines the sale price of your home, it’s how much money a buyer is willing to spend.

5. You can’t make upgrades.

Maybe you’re plum out of cash and don’t have the funds to put fresh paint on the walls, clean the carpets, and add curb appeal. But the feedback your agent is reporting from buyers is that your home isn’t as well-appointed as similarly priced homes. When your home has been on the market longer than comparable homes in better condition, it’s time to accept that buyers expect to pay less for a home that doesn’t show as well as others.

6. The competition has changed.

If weeks go by with no offers, continue to check out the competition. What have comparable homes sold for and what’s still on the market? What new listings have been added since you listed your home for sale? If comparable home sales or new listings show your price is too steep, consider a price reduction.