The 2020 Housing Market by ARMLS

As we kick off the 2020 Real Estate season, we love to look at what some trusted sources around our state have to say about it. What are their predictions? Will the market keep booming, or take a dip?

That being said, here is what Scottsdale’s multiple listing service (aka ARMLS) has to say about what the housing market might look like in the year 2020:

Household To-Do’s This January

Well, we’re here, it’s 2020! Just like that, another year is over and a new one is beginning. With January comes the putting away of holiday decorations until Christmas, organizing the home, and possibly doing some much needed maintenance around the house that you’ve been putting off.

From getting rid of clutter to getting ready for tax season, here is a short list of some things you can accomplish these first few months of the new year in order to make your life a little more organized.

Holiday storage: It’s time for that Elf to go sit on his eleven month shelf, along with all the other lights and decorations too. As you pack up, one thing you can do is take the time to throw away or donate anything you no longer want. Doing this – along with buying storage bins and properly packing things away – can really help with not only making storage easier, but also freeing up some probably much needed storage space (especially when your decorations collection seems to expand year after year).

Change Everything Out: January is a great time to change out things around the house. Water filters, flushing your water heater, smoke detector and carbon monoxide detector batteries, burnt out light bulbs you haven’t got around to changing, and things such as this. This will help with the longevity of your household appliances and systems, keep you safe, and help take care of the little home maintenance details we tend to forget.

Prevent ice dams. In states that get some significant snow, beware of ice dams that occur when snow and ice melt and refreeze on roofs and in gutters. Heavy snow can cause roof and gutter damage as well as other problems to your home. To prevent dams from forming, make sure you have adequate insulation in the attic. Inspect the underside of roof decking and seal seams and other openings. The attic temperature should be close to the outside temperatures.

Snow removal. Whether you use a snow blower or a shovel, keep your sidewalks and drives clear. To improve traction and melt ice, use calcium chloride pellets instead of rock salt. Doing both of these things not only keeps you and your family safer when walking to and from the house, but it also helps with the upkeep of your concrete walkways.

Organize and declutter. Go closet by closet, and room by room, and get rid of stuff! Sell or donate to charity any belongings you no longer use or love (if you didn’t use it at all last year, chances are it can go). Digitize family photos and home videos, and go paperless with documents. Do not spend money on organizational tools and containers until you have completely purged and no exactly what you need.

Tax season prep. It’s that dreaded time. TAX SEASON (Dun, dun, dun)! That being said, it’s time to begin gathering the receipts and records needed to prepare your taxes. Make an appointment with your tax accountant and see what else you need to get in order for you to get the ball moving on completing your 2019 taxes on time.

2020 Housing Market: Gen X, Boomers, and Millennials

As we head into 2020, many in the Real Estate industry, or those who are looking to buy or sell this year, may be wondering what the market will look like in the months to come and overall this year.

According to Realtor.com, one factor playing a major roll in the housing market this year is age groups. Gen Xers, Baby Boomers, and Millennials will all have an effect on the year 2020, just as they started to in 2019.

With Gen Xers and Baby Boomers:

Though many are beginning to retire and seek places that are sunnier, warmer, have lower taxes, and have lower costs of living, many are also opting to hang onto their homes a little longer than they did in the past. This is causing a diminish in home supply – even more of a diminish than there was before – and a diminish that new home builds cannot keep up with in order to keep inventory steady.

When it comes to mortgages, around 32% of home purchases this year are projected to be from Gen Xers, while around 17% of home purchases are projected to be from the Baby Boomer generation, a smaller percentage than in previous years.

About Millennials:

As for millennials, they are projected to make up a whopping 50% of all home purchases this year! That means they’ll take out more mortgages than the Gen Xers and Baby Boomers combined.

While some may think that Millennials are just looking for hip apartments in the city within walking distance to everything (or are drowning in too much student debt to hold their own in the Real Estate market), that isn’t the case. Not only are Millennials looking for other types of homes – such as an 1,800 square foot house in the suburbs – but they also have peak savings for down payments. The median age for millennials is 30 years old, which is also the age of the average home buyer now. These 30-somethings are starting families and seeking homes in good neighborhoods closer to good schools.

The only problem millennials will face, as will every other home buyer this year, is the inventory shortage, making it harder for them to find the right home.

 

This is just one factor looking to affect the 2020 market this year, but there are many more, which we’ll continue to write about in blogs to come. If you’re looking to possibly buy or sell a home this year, we’d love to help you in any way we can! You can call us at 928-771-1111.

The Trend of Stress-Free Homes

Life can be crazy. With spouses and kids to look after, busy work weeks and errands on top, it’s easy to feel like you are constantly running around or having something to do. Amidst all the chaos of our hectic lives, it’s nice to walk through the front door of your home and breathe a sigh of relief, instantly feeling more calm and ready to relax.

That being said, check out this article from The National Association of Realtors Magazine about how more and more, stress-free homes are becoming a trend for today’s builders and home buyers:

Stress-Free Homes Are a Trending Niche

From family and jobs to finances and health, life can get complicated. “Zen is in demand,” as one real estate pro says. Learn how you can provide that.

Whether it’s a luxurious $45 million estate in California or a modest $250,000 two-bedroom house in Ohio, marketing a home’s stress-relieving qualities is a growing trend. Today, developers, builders, and interior designers are trying to make homes that offer that soft landing at the end of a day. And homeowners need it—about eight in 10 Americans say they frequently (44 percent) or sometimes (35 percent) encounter stress in their daily lives, according to a recent Gallup poll.

Helping clients find a soothing place to come home to can become a niche in the real estate world. And, understanding what stress-relieving designs are available can help you and your agents guide clients to a happy purchase.

Reaching Female Homebuyers

Since 2003, Design Basics Inc., in Omaha, has been gearing many of its residential blueprints toward easing stress because that is one of the four important elements women look for in a home’s design. Why women, you ask? Well, 91 percent of home purchases are influenced by women, according to the Harvard Business Review. Additionally, the National Association of REALTORS® 2018 Profile of Home Buyers and Sellers found that the number of single female buyers continues to rise, and are currently the second largest buyer group at 18 percent behind married couples at 63 percent.

Paul Foresman, director of business development for Design Basics, says the company took data and research on female buyers of all ages and backgrounds and created the Woman-Centric Matters home design program. They discovered the four primary elements women are looking for in home design: entertainment, stress relief, storage, and flexible living. Foresman travels across the country talking to builders about the program.

“Everyone lives differently. But women tell us that they want to come into their home and feel like it is a place of respite. They look for homes that make their life easier, more convenient, more fun, and more inviting to others,” he adds.

The High End of Less Stress

Home designs by Greg Malin, CEO and founder of Troon Pacific in San Francisco, are adding amenities such as lap pools with underwater speakers that play music and art galleries with chaise lounges so you can take it all in.

“What’s the best luxury in life? My late wife would say it’s your health,” Malin says. So, he builds homes with his passion for sustainability and wellness in mind. Less stress in a person’s world can help with their health. For instance, cables in all bedrooms of his homes are shielded to mitigate electromagnetic field waves, which can cause the body to emit stress signals that can lead to high levels of adrenaline.

His company also uses biophilic design, which bridges a homeowner’s lifestyle with natural environment around them. “We’re trying to connect people to nature. One of our homes offers a yoga deck. Plus, each [development] project offers a wellness center with a sauna, steam room, a place to have a massage, meditation area, and outdoor shower,” he adds.

Joel Goodrich, agent at Colwell Banker Preview International in San Francisco, has shown Malin’s stress-free homes several times to clients. He also is a friend of Malin. “Perhaps, we are living in more stressful times than ever before. People are looking for their homes to be an oasis or retreat from life, the world, and business,” he says. “These homes are designed to feel like a retreat. Zen is in demand.”

Tips for Alleviating Stress at All Price Points

Most home buyers are looking for respite in a haven from everyday stress. The good news is not all stress-free homes have to be multimillion-dollar properties. Here are some of the stress-reducing designs and products being showcased in homes across the country.

Natural light, plus dimmers. “People always gravitate to the bright, sunny spaces in a home. So, anything we can to do enhance natural light is popular,” Foresman says. Malin adds that lights with dimmers can also help reduce harshness, especially in bedrooms, for a more relaxing ambiance.

Automated shades. Shades programed to open at sunrise can be a calming way to wake up without an alarm. They can also be used to reduce sunlight for those not ready to rise, Goodrich says. In addition to setting times, homeowners can pair smart shades with a digital thermostat, so they automatically open and close based on temperature.

A water feature. “Water can be very calming,” Goodrich says. In one extreme example, an international architect put a waterfall in the middle of a living room design and branded it. But a simple fountain in a sun porch or patio can do wonders, too, he adds.

Pet centers. Many buyers nowadays are seeking pet-friendly abodes, so features such as cabinets with pullout drawers for dog food goes a long way. Some want a dog washing station or a room for the pet itself. Electronic doggie doors have also become popular, where the dog has a collar that automatically opens the door to go inside or out.

Nature’s beauty. The ability to see flowers or greenery outside your windows—even in a big city—helps create peacefulness. In Malin’s homes, he plants green rows of bamboo or cypress outside the main windows, even in the heart of the Bay Area.

Covered outdoor living space. Foresman says you don’t have to cancel your plans if it rains when you have a covered outdoor area, which eliminates worry. Plus, coffee on the patio can still happen on rainy mornings. A pergola cover or easy-to-assemble patio gazebo are cost-effective ways to accomplish this.

Work-in pantry. Taking the walk-in pantry to the next level, some buyers want a prep area, sink, dishwasher, and sometimes an oven in what’s dubbed the “work-in” pantry, Foresman says. This eliminates guests seeing any mess while keeping the heart of the gathering in the kitchen.

Relaxing sounds and white noise. Malin installs speakers in master bedrooms and bathrooms, allowing for the sounds of waterfalls, forests, or whatever keeps the homeowners tranquil. For existing homes without built-in speakers, try a Google Home or Amazon Echo—relaxing sounds at open houses may even entice buyers.

Shipping vestibule. This involves a door or cupboard that opens for delivery people. They can leave the package behind the door without entering the house, Foresman says. You don’t have to be home when the delivery is dropped off, and locks can used from your smartphone to avoid theft.

Dual owner suites. This newer building plan has quickly become Foresman’s top seller. It includes two suites on the main floor that can be used for older couples who don’t sleep in the same bed, multigenerational households, boomerang kids, friends who have purchased together, or live-in caregivers. “In many ways for all involved it’s a great stress reliever, with a private bathroom and enough storage,” he adds.

 

Things to Never do to Your Home

Whether you are going to be in your home for 10 years or for the rest of your life, you always need to be considering resale when deciding which home projects to tackle next. That being said, here are some things you should never do to your house, both to save yourself money while you live there, and also to make your house more appealing when it comes time to resell.

Get Rid of Your Only Tub: No matter how much you want a super dreamy walk-in shower, if it requires getting rid of your only bathtub, don’t do it. A home without a bathtub can be a huge turn-off for many buyers who like having that option or who have kids and need a bathtub for this purpose.

Leave Your Cabinet Doors on While Painting them: Painting cabinets has become very popular in recent years because it is a cheap way to update your kitchen/bathroom look without the huge price tag of replacing the cabinets. It’s something that isn’t that hard to do yet makes a big difference in appearance. However, if this is your next project, make sure you remove the cabinet doors and drawers when you do so. Take the doors off and paint them separately, don’t leave them on while you do this. It makes for a much cleaner look in the end.

Plant a Tree Close to the House: This seems like it would be a no-brainer, but you’d be surprised. If you’re wanting to plant a new little sapling in your yard, make sure you do so with ample space away from the home. Otherwise, in years to come, that tree will grow large and could cause issues from falling branches and roots that grow underneath the home, going into foundation and piping. If that’s the case, it could cost you big bucks to remedy if you’re still living in the home, or even be something buyers ask you to remedy before buying your home.

Cover Wallpaper with Water-based Paint: Wanting to get rid of that tacky 70s wallpaper to have a fresh and updated look? Well, in case you didn’t know, depending on the condition of the wallpaper, you can actually paint right over it instead of going through the agonizing trouble of removing it. However, don’t use water-based paint when you do this. Water-based paint can actually re-activate the wallpaper glue and cause it to peel. We’re thinking peeling painted wallpaper wasn’t the updated look you were going for? Instead, make sure you use oil-based primer, let it dry, and then you can apply a normal latex paint over that.

Paint Exterior Brick: Now, this one might have some mixed reviews as to whether or not this is okay to do, but if you’re planning on being in your home for a long time, painting the brick on the outside of your home might not be such a good idea. Painting brick can destroy the brick and mortar, which could go so far as to cause a crumbling foundation. When comparing those costs, it’s just not worth it. If you’re looking to up your curb appeal, perhaps paint the door or add some shutters instead.

Tear Out Character: While your home might have some little corky features you aren’t thrilled about such as custom millwork, tin ceiling tiles, stained glass windows, etc., don’t be too quick to rip these things out (unless of course they are beyond saving and in disrepair). These classic details give your home character that buyers love and appeal that is hard to come by these days.

These are just a few things you should probably re-consider doing to your home or look further into to make sure you do them properly, if they are things you’ve been considering doing.

There are so many cheap and fun ways to update your home these days. Things that make it homier for you, but also things that can add great re-sale value to your home in the long run. But, make sure you do your homework on these house projects first! Not all of them are created equal.

How to Sell Your Home This “Off” Season

Although we love the Fall season, in the Real Estate business, it does start a downturn in our industry. The market slows with less people out looking to buy a home as they prepare for the holiday season with their family. Even though Prescott has a great housing market, we are not immune to this slower season.

So, what can you as a seller do then to help sell your home if you are trying to sell during this time? Well, check out this great article below from HomeLight about just that. They have some great tips on things you can do to sell your home this season, as well as some great advice to help with this process as well.

Market Statistics for August 2019

As we transition from our busy summer Real Estate season and into our slower winter season, we will start to see a decline in home sales through the next months.

Tom Ruff from ARMLS (Arizona Regional Multiple Listing Service) says, “This is the time of year sales slow. It’s simply the seasonality of our market… Demand almost always subsides every year between July and January… When judging your bushels of apples, you want to view the year-over-year trend. Sales in August were 8.6% higher than a year ago, which understates the real year-over-year improvement. There was one more business day last year, which brings our real improvement closer to 13%. This August accounted for the third highest sales volume in ARMLS reporting history, surpassed only by 2004 and 2005, with only 266 fewer sales than ‘04. With 690 more sales this year than last, 2019 sales year-to-date have now surpassed 2018. Looking ahead to how the year might end, I’m willing to go out on a limb and say the prognosticators were wrong back in January (I may or may not have been one of them). 2019 sales will surpass 2018 in both sales volume and price.”

Therefore, even though the graphs below show a slowing market, it isn’t cause for concern. Not only is this normal for this time of year, as stated above, but we are still doing better than proceeding years.

iBuyer Companies: Are They Really Cheaper Than a Real Estate Agent?

Odds are, if you’ve been thinking of listing or buying a home these days, you’ve heard of iBuyer real estate companies. These are companies such as opendoor.com that promise to sell your home for significantly cheaper than your average Real Estate company. However, are these companies actually all they’re cracked up to be, or do their costs end up being just as much as a real estate agent, if not more, when it’s all said and done?

Check out this article we found by Teke Wiggin with inman.com titled “iBuyers Cost Sellers Up to 15% of a Home’s Value, Study Finds,” which takes a hard look at the actual costs of using these “cheaper” options when selling your home:

Market analytics firm Collateral Analytics puts hard numbers on the much-debated costs of using iBuyers.

Offering ammunition to agents who argue that iBuyers are often deceptively expensive, a new study by real estate data analyst Collateral Analytics has determined that the typical cost of using an iBuyer ranges between 13 and 15 percent.

Entitled “iBuyers: A new choice for home sellers but at what cost?” the study conflicts with claims made by some iBuyers on just how expensive such services wind up costing homeowners. Opendoor, for example, represents its service as more affordable than a real estate agent. But if the new research is correct, using an iBuyer would generally cost consumers two to three times more money than if they simply used a traditional agent.

“In all, the typical cost to a seller appears to be in the range of 13% to 15% depending on the iBuyer vendor,” write the authors of the report, Collateral CEO Dr. Michael Sklarz and Dr. Norman Miller, senior vice president of research and development with the firm. “For some sellers, needing to move or requiring quick extraction of equity, this is certainly worthwhile, but what percentage of the market will want this service remains to be seen. ”

The analysis adds to a growing debate over the value of iBuyers. Some agents argue these startups often bilk homeowners while others contend iBuyers are a reasonable option for their clients.

The divergent views came into sharp relief during two Inman Connect panels last month in which agents shared their experiences with iBuyers.

The report was not framed as an indictment of iBuyers. It describes the service as “a welcome alternative to traditional brokerage” for a portion of motivated homesellers. However, its most notable contribution to a nascent body of research on iBuyers involves its cost estimate of the service.

The report noted iBuyers charge sellers a convenience fee ranging from 6 percent to 9.5 percent, with some also docking the seller “for fees typically paid by buyers at closing, adding another 1 percent or more.” IBuyers tend to ask for “generous” repairs based on the results of a home inspection while some, such as Offerpad, pay for moving costs, write the authors of the study.

This all means that the total direct cost of an iBuyer “ignoring repair credits” is between 7 and 10 percent, versus the “typical 5 to 9 percent combined seller and buyer costs with a traditional broker,” according to the study. “Yet, that is not the end of the story or the comparison,” the authors write.

Due to costs and risks of holding and reselling their acquisitions, iBuyers must make “conservative” offers, according to the report.

“The more unique the home, the worse the season for selling, or the more competing inventory is present in the local market, the more conservative will be the offer price,” the study asserts.

To pinpoint the typical discount that iBuyers pay for homes, the report’s authors compared purchase prices of two unidentified iBuyers with home value estimates generated by Collateral Analytics’ automated valuation model (AVM) — a model that report claims “correlates very well with actual market values.”

The analysis used a sample of 6,000 transactions that took place across four markets — Phoenix, Atlanta, Charlotte, and Las Vegas — from January 2016 to February 2019. The report did not identify the two iBuyers, but a source familiar with the study confirmed they were Opendoor and Offerpad.

Offerpad spokeswoman Cortney Read said Offerpad’s average service fee is 7 percent and that some homes require only minor repair costs. She also added that Offerpad believes the report “does not accurately compare the mentioned fees,” focusing only on commission for real estate agents, while including other costs for iBuyers that “should be also reflected in the traditional real estate agent percentage amount.”

Opendoor didn’t immediately respond to a request for comment.

According to the study, one iBuyer bought homes at a median discount (the median discount off market value that the iBuyer purchased homes at) of 4.5 to 6.9 percent. The other iBuyer paid a median discount of 2 to 3.3 percent.

These discounts reportedly have declined modestly over the years. In 2016, for example, one iBuyer’s discount was about 7 percent, while the other’s was around 3.5 percent. By 2019, those numbers stood closer to 2 and 4.5 percent, respectively.

The authors theorized that “pressure to deploy capital” may have “reduced the spread [between how much iBuyers pay for homes and how much they’re worth] as the iBuyer market matures.” Some of that pressure has likely come from Zillow Offers and other ventures that are trying to take a bite out of the growing iBuyer market.

“Ultimately, the spread [the discount paid by iBuyers] will be at an appropriate level to compensate the iBuyers for liquidity risks and capital costs,” they said.

Thus, the study’s “preliminary empirical results” suggest that sellers are paying “not just the difference in fees of 2 to 5 percent more than with traditional” agents, and a generous repair allowance, but also an additional 3 to 5 percent more to “compensate the iBuyer for liquidity risks and carrying costs.”

Taking all of this into account, the authors conclude the typical cost of using an iBuyer ranges from 13 to 15 percent depending on the company.

This cost estimate is in line with estimates from some agents that spoke about iBuyers at Inman Connect Las Vegas, but a bit higher than an estimate published by Market Watch: 11 percent.

The cost makes sense from a business perspective, the report notes. IBuyers must cover carrying expenses and deal with a number of risks including home burglaries, price declines and “adverse selection.”

The last risk refers to the risk that sellers who know about hard-to-discover negative characteristics of their home will be more likely to sell their homes to iBuyers at prices that iBuyers would not pay were they aware of those flaws.

“Not all sellers are better informed than the iBuyers,” they write. “Still, there is some risk of informed sellers taking advantage of relatively high offers.”

Home Chores for the Summer

With the warmer weather comes more opportunities to do the outdoor chores you haven’t been able to do, or haven’t needed to do, because of winter. Whether it be you doing the chores yourself, or maybe taking advantage Summer vacation and assigning your kids more household chores, here are some summer chore ideas to keep your whole family busy and get the house in tip-top shape and ready to be used:

Mow the lawn:  Since you laid down your summer grass seed a few months ago (right?), it’s time to mow it and enjoy the fruits of your labor. Get that grass cut and take a blanket out on the lawn for a picnic with the family, or to lay in the sun and read a book. Don’t forget to make sure it’s getting adequate watering, though hopefully monsoons will hit soon and do that job for you!

Trim the yard plants: This is one chore that – done properly – can really make a difference in the appearance of both your front and back yard. Whether you just want your home to have a clean-cut look, or you’re throwing a backyard BBQ, trimming the bushes and trees in your yards make your house look amazing and show that you take pride in taking care of your home. This is also very beneficial for your plants, as it gets rid of dead or excess branches, and helps them to grow healthier.

Do some landscaping projects: Always wanted to add a gardening bead for flowers or fruits, or vegetables? Why not this summer? Or maybe you’d like to make an easy path to and from somewhere? Some large pavers surrounded by mulch is an easy and cheap way to accomplish this clean look. Another idea would be building your very own firepit to enjoy the summer night skies and family time over s’mores. There are dozens of tutorials online of how to do this well and how to do this on a budget!

Pull some weeds: This one seems like a no-brainer considering the weeds are EVERYWHERE, but it is also a chore that easily gets put off for “next weekend” almost every weekend. If you aren’t careful though, those weeds will seed and spread, making next years weeds even worse! So, put on your gloves and grab your hula hoe, and go get those weeds! This simple chore will make your home look so much better and well cared for!

Wash the car: Now that we’re in that middle season between winter rains and monsoons, it’s a good idea to get your car washed. Get off the dirt and grime from weather and use, and get your car looking shiny and new. There are plenty of car wash business in the Prescott and Prescott Valley area if you just don’t have the time, or you could do this yourself or with the kids as a fun way to cool off while also accomplishing some work.

Clean outdoor items: This could include outdoor furniture like benches, tables, or hammocks, or maybe toys you’ll be using this summer such as boats, ATVs, or campers. Either way, we’re sure they could use a good spruce up after a long winter of not being used. Dusting, getting rid of cobwebs, and just a general overall cleaning are probably in order here. This will make that outdoor furniture ready to use and enjoy in the warm weather and will also make you ready to take those summer vacations or day trips where you’ll be using your recreational toys.

Spraying the house for bugs: This chore is probably best left to the adults rather than the kids, but if you live in Arizona, you know it is a must! Now is the time where all those not so missed creepy crawlies start making their long legged and winged return. Spiders such as wolf, daddy long leg, and even black widows can be common. Aunts, centipedes, and scorpions also make the list of bugs trying to call your home their home. Spray both the inside and outside of your home, getting every edge, door jam, windowsill, and point of access you can think. Of course, the bugs will be inevitable, but this will drastically reduce the amount of them you see in your house.

Mouse traps: Lastly, don’t forget to set up your mouse traps (gasp!). Yes, we have mice here in Prescott, Arizona. Field mice, pack rats, and more… you better get used to it if you plan to stay here. For the occasional mouse, setting up a few traps should do the trick, however, if you are having a real problem with them, it might be a good idea to call the exterminator. Make sure to be checking those traps and replacing them as needed.

Making Your Bedroom Feel Luxurious on a Budget!

For most of us, our bedroom is little more than a place to sleep and hold our belongings. However, just because it has always been that way doesn’t mean that it has to stay that way. You don’t have to settle for drab and dreary when what you really want is a bedroom that feels welcoming and relaxing the moment you walk into it. You don’t have to settle for a bedroom that’s just for sleeping when it can be so easy to jazz it up and make it your own!

One home trend that we’ve seen to be gaining some steam these days is converting your current bedroom into a luxury suite, or something comparable, no matter its size. If you want to live like royalty rather than just feel like you’re renting a cheap room for the night, then you’ll want to follow these tips.

 

Compartmentalize Your Activities

Organizing your bedroom and getting rid of the clutter will not only make it a more relaxing place to be, but it will also make it feel larger and will open up more space for new additions to make it more functional. These things could include adding a gorgeous desk for doing work or perhaps craft projects. Or, maybe you could even add a TV area for entertainment, providing a good way for you to use your bedroom for rest and relaxation.

 

Make it Chic

Choose a color palette that is both luxurious and classy. Silver and gold can seem tacky, so choose muted shades that complement each other. These types of color schemes are shown to make one feel more calm and relaxed, not to mention they go with just about anything and make it far easier to design your ideal space.

Another chic addition you could do that would make a statement is getting a brilliant and commanding headboard. This can instantly upgrade the look of your room without any other changes and also become a beautiful focal point in your room. Little tweaks and additions like these come at minimal cost with a great reward.

 

Light it Properly

Make sure that you have the right light to show off your designs. If you don’t have many windows, you’ll want to use more brilliant lightening to make up for the lack of light. However, if it’s too washed out or yellow, then it will look drab and run down. Switch to brilliant LEDs and see the difference.

 

Choose Your Accents Wisely

We already mentioned a headboard, but some elegant drapes can also make your room feel more royal. Hang them high and wide to make your windows appear grander. Being strategic with your furniture accessories is key for keeping you under budget, helping you avoid doing too much with the space, and putting minimal effort into the project while still seeing a huge difference.

Are you ready to make your bedroom more luxurious? If you tweak just the few small things mentioned above, you’ll be impressed by the results. The feeling of decadence and truly making a space your own will make you more confident in your surroundings, and also help you to fully relax in your very own bedroom.