Exterior Design Ideas to Increase Your Charleston Home’s Curb Appeal

Charleston consistently tops major publications’ “best-of” lists for the most desirable places to live and visit. Full of historic Southern sensibilities, our home exteriors are unique from other areas of the country. To increase the curb appeal of your Charleston home and capture the attention of neighbors and passersby alike, consider these exterior design ideas.

CREATE A LUSH GARDEN

Charleston benefits from a subtropical climate with mild winters, hot, humid summers, and plentiful year-round rainfall. This weather provides the ideal conditions for maintaining lush, green gardens that are a calling card of Charleston, SC homes. Centipede, Bermuda, Zoysia, and St. Augustine grasses all thrive in Southern lawns. Magnolia, palmetto, dogwood, and crepe myrtle trees create quintessential Lowcountry charm. Azalea, camellia, and hydrangea bushes add pops of color.

For a place to enjoy a glass of sweet tea or an after-work cocktail, consider a patio or deck. Adding a pergola will give your outdoor space an extra touch of character, plus provide comfort in the Southern sun.

 

REPLACE THE CONCRETE DRIVEWAY

Cobblestone Street, Charleston, SCWhile concrete driveways are a staple of suburban America, their bland, highly-processed look is not as appropriate in Charleston — especially on the downtown peninsula, which still maintains historic cobblestone streets.

Some of the better alternatives to concrete driveways include:

Brick – This is a timeless choice appropriate for period homes. There are also alternatives to laying a traditional brick driveway. Innovative pavers give the appearance of natural brick, yet come in prefabricated sections that are easier to work with.

Gravel – A gravel driveway is a great Charleston choice, with a look that fits our coastal atmosphere and superior drainage during times of heavy rainfall. Modern interlocking grids hold the gravel in place and prevent the formation of ruts and clumps.

Cobblestone – Cobblestone is a classic driveway material that will make your home’s exterior authentically Charleston. It fits the sensibilities of 19th-century style, plus is extremely durable and resistant to staining.

Hybrid – A combination of classic driveway materials can maximize a Charleston home’s curb appeal. Fill the main bed with cinders or pea gravel to enhance drainability, while lining the perimeter with bricks or cobblestones to create a bold period statement.

 

CHOOSE COLORFUL SIDING

Charleston is all about colorful homes. In fact, Rainbow Row on East Bay Street, which features homes in various pastel hues, is one of the city’s most popular tourist attractions. However, the best house siding material is about more than just color. To maintain a vibrant appearance in warm, salty air, consider these options:

Composites – Natural wood is a favorite home siding choice, but it does not perform as well in areas where moisture can be absorbed. Fortunately, there are a plethora of composites, such as fiber cement and vinyl, that give the appearance of natural wood. These synthetic siding materials are lightweight and manufactured in a number of colors, keeping a Charleston home’s clean appearance for many years without the threat of moisture damage.

Stucco – As long as you have solid moisture barriers between stucco and its substrate, stucco will last many years in a warm climate. Stucco’s ability to provide a uniform front makes it a particularly strong option for capturing Charleston’s colorful charm.

Brick – While the array of color options doesn’t match composites or stucco, brick is nonetheless a Charleston favorite. Its natural appearance restores the classic beauty of historic homes. Modern brick facade materials offer an increased selection of designs and colors, making it easier than ever to incorporate into a siding renovation.

 

INSTALL WINDOW SHUTTERS

With well over 200 days of sunshine each year, Charlestonians have to consider this element in their window choices. It’s a good idea to use low-E and double-paned windows to help control solar radiation entering the house. But don’t forget aesthetic when using these modern materials, especially on days when windows are just meant to be open. Six-over-six double-hung windows were particularly popular in the 18th and 19th centuries, and remain so today. You’ll also find variations on the number of panes throughout the historic district, along with arches (particularly on Palladian windows), and big bay windows. French doors and sliders are other Lowcountry essentials for easy access to the outdoors and letting in fresh air.

Another classic Charleston exterior design element is the window shutter. Historic homes used shutters to protect expensive glass from strong winds and battering rains. And while window design and installation have improved to make the shutter largely functionally obsolete, its appeal remains as strong as ever. Louver and panel styles maintain an old-world feel, while Bermuda shades are popular on the beaches. Adding shutters to even the most modern residences will give your home a timeless appeal.

 

Skylar Ross is a contributor to the Innovative Materials blog. He is a content writer for the construction and home improvement industries with an interest in landscaping, outdoor remodeling, and interior design. Skylar focuses on educating homeowners, contractors, and architects on innovative materials and methods of construction that increase property value, improve sustainability, and create a warm and welcoming ambiance.

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5 Tips to Sell Your Charleston Home in 2021

As the new year begins and we transition out of the whirlwind of 2020, you may find that a new home is on the horizon for you and your family. After saving on expenses throughout the past year and redefining your needs while being quarantined for months, this may even be the perfect time to begin the process.

In 2020, industry experts offered a range of advice about what to buy, how to buy, and when is the best time. While that can be helpful to prospective buyers like yourself, that’s only half of the journey. In addition to buying, you need to understand how to sell your Charleston home during a pandemic as well. With buyer’s needs changing throughout the past year, it’s important to stay up-to-date on what will and will not sell in today’s market.

 

1. PRIORITIZE VIRTUAL CAPABILITIES

Online marketing is the safest way to protect yourself and others from the coronavirus. Photos that have been professionally shot and edited, virtual staging, and video tours will allow you to effectively showcase your home and all of its valuable features without putting anyone at risk. To ensure your home looks its best in photos, you should always consider professional staging. This creates a comfortable appearance in your home that allows each prospective buyer to imagine themselves in the space.

Tips to Sell Your Charleston Home - Virtual Staging

To avoid interaction all together, many sellers are instead choosing virtual staging. This option allows you to fully furnish and decorate your home (inside and out!) for less time and money. You can also avoid on-going rental costs while still showcasing the value of your home to every buyer. Disher, Hamrick and Myers was the first in the Charleston market to offer in-house virtual staging.

 

2. CONSIDER THE BUYER

Before you sell, you should deeply consider the type of buyer that would be interested in your home. Ideally, this should align with those shopping in the local housing market. If you find that it doesn’t, it may be time to make some changes to your home in order to appeal to the masses.

Given the limitations that the pandemic has brought on, many prospective buyers have begun to prioritize particular spaces that they didn’t in the past. For example, home offices and dining rooms have become more valuable. If you have a formal dining room in your house that you have been using as a playroom or tv room, return it to its original purpose. Likewise, if you have an extra bedroom or bonus room, adding a simple desk and chair turns it into a prized home office. Large laundry rooms, expansive outdoor patios, and storage spaces are all sought after this year, with at least 85% of buyers requesting these features in their new home.

Tips to Sell Your Charleston Home - Home Office

With so many prospective buyers spending more time at home, you want to highlight or accommodate the advantages your home has. You should take the time to spruce up these areas to add more value before you sell. While it may take added time or funds to renovate or upgrade these features, it will produce a greater return on your investment once you sell.

 

3. INCLUDE PEACE OF MIND

Given the financial strain that many have faced throughout 2020, it may be wise to include a home warranty with the purchase of your home to entice buyers further. While the buyer will still have to purchase homeowners insurance to protect themselves and their property, a home warranty will ease any concerns over your appliances and home systems. With a simple transfer in the contract, the buyer will be able to pay a low deductible for service and maintenance.

 

4. USE CHARLESTON INSPIRATION

The Charleston area has its own unique architectural styles. When selling, you should certainly take advantage of that. Most notably, the charm of historic homes is likely what buyers are looking for in this area. Even if you have newer construction, you can add accents and features to your home that are inspired by the history of Charleston.

Tips to Sell Your Charleston Home - Decorative Molding

For example, expanding a front porch or balcony will not only enhance the style of your home to match those throughout the city, but also offer up more outdoor space for buyers, should quarantines extend well into 2021. For smaller changes, you can add window shutters, iron accents, or pastel paint colors to the outside of your home to mimic the row houses on East Bay Street. Inside, plantation shutters, crown and decorative moldings, columns, traditional mantles, and other architectural details can make a big impact. Whether you’re in the heart of the city or a ways away, you can create Charleston style in your home before you sell.

 

5. EXPECT SOME CHANGES

The most important thing to remember when selling your Charleston home during a pandemic is that it will likely be a different process than in “normal” times. You’ll need to provide added flexibility for in-person showings, depending on the comfort level of potential buyers and their agents.

Home appraisals or inspections may take some added time, given the need to comply with social distancing regulations. More transactions will take place virtually online, rather than in-person. You may still run into some hesitant house hunters, given the uncertainty of the economy. However, rest assured that there have been countless homes sold during the pandemic. With a little creativity and preparation – and help from an experienced local real estate agent, yours can too!

 

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4 Things to Look for in a Senior-Friendly Home

Did you know Charleston is the best city in the country to retire? While not every senior is in the market for a new home, you may find that it’s one of the best options for aging in place. Whether you currently own a home or are renting, there are ways to ensure your comfort and stability well into your golden years. Here’s what to look for in a senior-friendly home—whether it’s a purchase or renovation.

 

ENOUGH SPACE (BUT NOT TOO MUCH)

When contemplating a home purchase, your primary concern should be space. You want enough living space to be comfortable, but not so much that you spend all your time cleaning or going up and down the stairs. This means, by default, your ideal home will likely have less square footage than where you’re currently living. Because many older adults have mobility challenges, a single-level home may be your best option.

Senior Couple Living in Charleston, SCWhen preparing to move to a smaller home, downsizing your belongings might be next on the list. Downsizing can help eliminate your home’s need for upkeep and reduce your expenses each month. But if you have items that you’re not sure you want to part with, the process can be tough.

Short-term storage offers a convenient way to clear out your home without giving up prized possessions. You can rent a storage unit while considering what to do with those belongings. It’s easy to find affordable temporary storage units in Charleston. While the cost varies by size, the average price per month is only $91.

 

ACCESSIBLE FEATURES FOR AGING IN PLACE

Part of your retirement plan likely involves living at home for as long as possible—or even forever. Therefore, looking for accessible features is crucial when buying or renovating a home. Unfortunately, more than 95% of homes lack accessible features, which means you’ll either need to buy an adapted home or make changes on your own.

Features like low countertops for seated access when using a wheelchair, wide doorways to accommodate mobility issues, and grab bars in the bathroom may be crucial for the safety and enjoyment of your home. But also consider less noticeable elements, such as ground-level entry and doorknobs that don’t require significant grip strength.

In many newer homes, universal design elements are friendly to people of all abilities—not just seniors. Pulls instead of knobs on drawers, under-the-counter appliances, and varied-height countertops are a few highlights. A newer construction property may check all the boxes for your home accessibility needs.

 

PROXIMITY TO COMMUNITY

Whether you’re moving across town or the country, finding a community is vital for older adults. Especially if you’re single or widowed, being near friends and family can help keep you connected.

Senior Couple Living in Charleston, SC

Research has shown that seniors with strong friendships and community ties are healthier than those who spend more time alone. Conversely, seniors who experience social isolation and loneliness may develop or worsen health issues. Happily, Charleston and its suburbs have numerous public activities and volunteer opportunities to keep retirees busy.

Think about what features you want in your community—such as a senior center, fitness facility, parks, or shops, and then center your home search in areas that suit. Fortunately, Charleston has recently been named the #6 city in the US for longevity. Our walkability, gyms, sports opportunities, dog ownership, and healthy food options all help you live a longer, healthier life.

 

THE RIGHT LOAN TERMS FOR SENIOR HOMES

Wherever—and however—you decide to move, buying a home can be a stressful experience. But the rewards are greater than the drawbacks for many seniors. Owning a home provides security and comfort that renting or even senior community living simply can’t—making it an excellent choice for many older adults.

If you are considering a home purchase, think about using a VA loan. For example, PennyMac VA Loans are an excellent benefit for senior veterans. These loans require little to no down payment, they don’t charge private mortgage insurance (PMI), and the rates are often superior to those of conventional loan options.

Other loan types—including down payment assistance programs and special purchase credits—are also available for seniors. And in some cases, a first-time homebuyer program may be appropriate. Speak to a knowledgeable real estate agent to determine the best choice for your financial situation.

 

Disher, Hamrick & Myers offers a variety of senior-friendly housing options. In-city condos (such as those at Dockside Condominiums) are perfect for those looking to achieve a more maintenance-free lifestyle, yet remain close to everything downtown Charleston has to offer. Many of our listings also include accessibility features, one-story floor plans, or elevators to help you age in place. No matter what type of retirement living is right for you, our team of local real estate agents will help you find the perfect place to call home in your retirement years!

 

Author Jim Vogel is founder of elderaction.org.

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Advice for Downsizing Seniors to Help Decide the Fate of Their Home

Are you or someone you know looking at downsizing your home? At times, moving can seem more like an onslaught of decisions than an exciting transition. Even after you’ve decided on a new home, you’re still left with the fate of the old property. You could sell it to boost your savings, rent it out to earn a monthly income, or hand it over to a family member for safe keeping.

While each option comes with positives and negatives, the best choice will depend on your unique situation. Let’s dive into some of the details of each scenario to give you a better perspective on what’s best.

 

SELL IT TO BOOST YOUR SAVINGS

The natural process of moving usually sees the owner of the home sell their previous house and put the earnings towards the purchase of their next home. This tried-and-true option usually yields the smoothest transition. Downsizing seniors are particularly fond of this choice. If the current home is paid for, they often don’t have to worry about taking out a loan or managing another mortgage. They can simply sell their old house to pay for their new one.

Before placing your home on the market, it’s important to scan local listings for some information. You need to note the average cost that homes are selling for, and think about what your own home might be worth. For example, Redfin notes the average home in Charleston is selling for around $540,000. Make some comparisons, and if the price is something you’re comfortable with, you can move onto the next step of hiring a real estate agent and preparing your home to sell.

 

Downsizing Seniors in Charleston, SCRENT IT OUT TO EARN MONTHLY INCOME

It’s no secret that living on a fixed income can be challenging. When you’re in this position, renting out your old home can be a great way to enjoy some passive income. Just be sure the rent you charge is sufficient to cover the expenses of ongoing homeownership – such as property taxes, upkeep, and utilities – and still enough to pad your nest egg.

Don’t forget that having a rental property is an investment and a business. You have to front costs for updates and renovations to make the home more appealing to potential tenants. You also have to be proactive about finding reliable renters with clean records and little-to-no debt. If you’re interested in the income but don’t want the hassle of managing the property, you can hire a professional property manager to handle all of the details.

 

TRANSFER IT TO A FAMILY MEMBER

For some seniors, no amount of money or monthly income can convince them to let go of their beloved home. Too many good memories and meaningful experiences are tied up in the house to simply give it away. If this is how you feel about your old home, you don’t have to sell it or rent it when downsizing. Instead, you may wish to hand it over to a family member for safe-keeping.

Bear in mind, transferring a large asset like a house can have some complex tax ramifications. It’s best to discuss this option with an elder law attorney before jumping in.

On the upside, having someone living in the house ensures it will be maintained. Also, an empty property is more likely to fall victim to theft or vandalism, so you avoid those concerns as well. What’s more, if it’s left empty for long, insurers may void your policy.

It’s not easy to decide the fate of an old home when your circumstances require a downsizing. To help make the decision easier, take note of all your potential options and weigh the pros and cons of each. Once you sort your options, you’re sure to find the best choice for your circumstances.

 

Author Jim Vogel is founder of elderaction.org.

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Tax Tips for Homeowners in Charleston

It’s that time of year again, but don’t wait for tax time to save money. You can do it year round by keeping in mind your qualified deductions. One of the best tax tips to save money is with good organization and planning. Keep records and notes on what you can write off so you are prepared to file at the end of the year. Here are some tax tips homeowners and residents of Charleston, SC should keep in mind this year:

DISASTER RELIEF

hurricane tax tipsIt was a stormy year for the Charleston area. Flooding and damage from Hurricane Matthew affected lot of homeowners. Did you know that homeowner losses that are not covered by insurance can be deducted on your taxes? If you went through a natural disaster and suffered a loss on your home that led to receiving federal aid, then you may be able to deduct costs that were not covered under your insurance. Likewise, if you experienced a wildfire, flood, hurricane, tornado or anything similar that created major property loss, you’ll want to consider ALL write-off options with a tax professional.

 

MOVED TO CHARLESTON?

Did you move to Charleston for a job? Then you can deduct moving costs for that new job. The new job has to be at least 50 miles from your previous home. If you used your vehicle as transportation for the move, you could deduct mileage costs, parking and tolls. Be sure to calculate the costs of your move and save.

 

GREEN ENERGY

If you installed alternative energy in your southern abode, you can deduct some of the cost through a renewable energy tax credit. You’ll receive a 30% rebate on money spent on green items like solar, geothermal and wind. There is no cap.

 

MORTGAGE INTEREST

Homeowners can also deduct some of their mortgage interest, as well as property taxes, for year-end savings.

 

HOME OFFICE/SELF-EMPLOYED

home office tax tipsIf you are self-employed and have a home office in your Charleston house, you can get a tax deduction on a portion of your utilities, rent/office, as well as other items such as career memberships, education and subscriptions. Save your receipts for all your qualified business deductions and make sure to write it all off when filing your taxes. The self-employed may apply for tax deductions that regular business employees can’t. They can deduct items like part of the rent and utilities as well as equipment, work trucks, cars, vans and more.

 

DON’T WAIT FOR THE BIG REFUND; MAKE YOUR MONEY WORK NOW

If you normally get a big refund, it may mean you are having too much tax taken out of your regular paycheck. It’s like giving the Federal government a free loan! An important tax tip is to adjust your W4 with your employer to get more of your money upfront. Then utilize it immediately and invest it better. There are many online withholding calculators you can use to run different numbers and figure out what works best for your situation.

 

FUND YOUR 401K

You can lower your taxes by reducing the actual income that is taxable. One of the best and most productive ways to do this is to invest in your employer’s 401K plan. There are limitations on the amounts you can invest. In 2016, if you are under 50 years old, you can contribute up to $18,000. Employees that are 50 or older may contribute an additional $6000, for a total of up to $24,000. This extra amount allows a graceful catch-up period to improve retirement outcome. 401K deductions are taken out of your paycheck before taxes, but you will pay a tax later when it becomes your retirement income.

 

IRAs

Another tax tip is to fund a Roth IRA or Roth 401K. These make good investments if you are worried about your taxes increasing over time and having to pay them on retirement income. You don’t get an upfront tax break with a Roth contribution, but when you start tapping into your retirement later, Uncle Sam can’t tax that income because he already did.

 

NO RETIREMENT PLAN OR SELF-EMPLOYED?

Perhaps you have no retirement plan through work or you are self-employed. No problem. You can fund your own retirement plans with an IRA or a Roth IRA as well. People under 50 can contribute $5500; over 50 can pay in $6500 a year. For help getting started, contact a financial planner. Financial experts like Dave Ramsey keep a directory of endorsed local providers that can teach you more about retirement planning and investing. He also has ELPs for taxes as well. You can also learn more about retirement resources through AARP.

 

FLEX PLANS AND HEALTHCARE

medical costs tax tipsIf your employer offers a health flex plan or medical reimbursement account, you can save up to 35% on taxes. You can use the pretax dollars in the account towards medical costs, prescriptions, coinsurance, copays and more — up to $2500.

 

CHILDCARE COSTS

Paying childcare costs with a childcare reimbursement account offered through your job can save you about one-third of the cost. You will not have an income tax or social security deduction on that portion of your salary. Don’t wait to deduct those bills later. Set up an account and receive the full benefits your company offers you.

 

CHARITY

donation tax tipsYou can claim any charity money donated to a tax-deductible charity as a deduction. Transportation to charitable events is also deductible. Track mileage and deduct it come tax time. You’ll feel good about giving back, and the government will give you a break for doing your part.

 

WRAP-UP

Always consider your expenses, lifestyle and costs when approaching your taxes. Many Americans leave hundreds of dollars on the table that they could claim in deductions when filing. Don’t make the same mistake. Follow these tax tips to save yourself money this year.

*Note: for information only. Not to be regarded as legal advice.

 

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Mortgage Rates – Should You Buy A New Home Now?

Near record low mortgage rates are causing many families to consider if now a good time to buy a home in Charleston, SC. Financial experts may advise waiting until you have enough money saved for a down payment, but that could be hard to accomplish for first time buyers. With today’s interest rates being so low and tempting, many people want to buy before the rates change.

2019 mortgage rates in Charleston, SC have are hovering around 4.5%, but may crawl up a bit. Any hike in interest rates could change the housing market. The decision for many consumers is whether to buy now while mortgage rates are still low or risk an increase. Nobody knows for sure when the Federal Reserve will raise rates again, but if you are well-prepared, now may be the perfect time to buy a house in Charleston, SC.

GETTING THE BEST MORTGAGE RATES

To get the best mortgage rate, make sure you know your credit history. Your credit report is essential when dealing with lenders, and you can obtain it free from all three credit bureaus. Before shopping for a mortgage, make sure all of your bills are paid on time and your debt to income ratio is on the lower end. It is best to pay off your monthly credit card bills or at least go above the minimum payment. You should also know your FICO score, which you can order online. Some credit card companies even post it on your account for free.

DOWN PAYMENTS

Having a solid down payment when applying for a mortgage has its benefits. Lenders will want to know what you can put down to help them figure out what they can lend out to you. Most lenders require at least 3% and FHA loans require 3.5%. Of course 20% down is always the best choice if you can afford it, as it allows you avoid PMI (private mortgage insurance) payments.

BUDGETING FOR YOUR NEW HOME

Most lenders will base your monthly payment on 28% of your take home pay. They refer to this as the housing ratio. Financial experts recommend to budget about the same percentage of your salary to be able to afford your new home. Your monthly payment will include the principal, interest, taxes and insurance (PITI) costs. Most people will qualify for a loan amount of 3 times their annual income. For help in calculating mortgage payments, use this handy online tool.

GETTING PREAPPROVED

signatureBefore you shop, it’s best to get preapproved for a loan. You won’t know what you can afford unless you know what banks are willing to loan you. You will have a more successful home search if you have a clear budget in place and know what your price range is. With the right data available for review, many lenders can preapprove you for a mortgage quickly. To be prepared to apply, first gather the following information that most lenders will require:

  • Name and Address(es) for the last 2 years
  • Estimated household income
  • Estimated household expenses
  • Employment and income history
  • Paycheck stubs from the last 30 days
  • W-2 or I-9 tax forms from the last 2 years
  • Personal assets such as CDs, IRAs, property, savings and checking accounts
  • Personal debt

WHICH LENDERS?

There are many lenders to choose from in today’s mortgage business. Your Disher, Hamrick & Myers real estate agent will present referrals for stable, reputable lenders. You may also find a good mortgage through your local bank or private credit union. Either way, you should shop around to see who offers the best and most appropriate loan for your situation.

FINDING THE RIGHT HOME TO BUY

The important thing when shopping for a mortgage and a home is to explore your options and get the right payment and home for you. At Disher, Hamrick & Myers, our experienced team of Charleston REALTORS® will guide you through the process of selecting the right home and discuss any concerns about proper financing. To get the help you need, call 843.577.4115 today.

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