Do you need to choose between a designated listing agent vs. selling agent? Not necessarily. Some home sales are overseen by dual agents who represent both the seller and the buyer in the transaction.
Does your new home have a bonus room or extra unused space? Lucky you! Having a bonus room adds to the enjoyment of your house and can add to its value. A finished bonus room can add thousands of dollars of value to a home. Need some inspiration on what to do with your home’s bonus room? Here are just a few ideas for how to transform your home’s bonus room to fit your lifestyle.
What is a bonus room?
A bonus room is a space that typically doesn’t qualify as a bedroom, kitchen, bathroom or closet. It can be used for a wide range of purposes, depending on your needs and preferences. The technical definition of a “bonus room” varies from place to place. Movers and packers ruwais, property appraisers may leave bonus rooms out of the property appraisal equation when assessing the value of a home. You may also notice when perusing real estate listings that a home’s bonus room is referred to as a “flex room” or a “FROG” (finished room above garage).
Ideas for what to do with a bonus room
So, what should you do with your bonus room? Depending on your needs, here are several ideas to consider.
Children’s playroom – Whether you have toddlers or teens, using a bonus room as a playroom is a fantastic use of your flex space. Children learn through play. Having an entire room dedicated to the growth and development of your child can be beneficial. If you have older children or teens, a “playroom” is a great way to give kids a private space to hang with friends and enjoy hobbies.
Music studio – If you or anyone in your family is musically inclined, then having an official music studio in the home is a great idea. Whether it’s playing an instrument or creating a recording studio, turning your bonus space into a music studio will give residents a private area to enjoy music without disturbing everyone else.
Game room – Are family game nights a regular occurrence in your home? Do you enjoy playing games with friends and family? If so, consider transforming your bonus space into a game room. Add board games, a pool table, a ping pong table, arcade games, sporting equipment or video gaming equipment.
Media room – If watching TV and movies is one of your favorite pastimes then using the bonus room as a media room is a great use of the space. Simply add a large screen TV, a good sound system and comfortable seating, and voila, the room is complete.
Home office – Need a place to work from home? Having a home office will help increase productivity and save time that you’d otherwise spend commuting to an office. To create an organized and useful home office, make sure you have comfortable seating, good lighting, a nice desk and plenty of storage.
Homework or study room – Need a place to study and complete homework? Designating a room in the home specifically for this purpose will give residents a quiet place to focus on homework and school. We recommend adding bookshelves and cabinets to help organize the space as well as a desk or table to complete work. Get free quotation from Movers and Packers in Dubai.
Extra guest room – Need a spillover room for guests? If your home welcomes multiple guests throughout the year, it might be a good idea to turn your bonus room into a guest room for friends and family. If the room is small, we recommend adding a daybed or bunk bed to save space. Keep in mind, you’ll also need a place for visitors to put their belongings.
Hobby room – Ready to get crafty? Try turning your flex space into an official hobby room. Having a room in your house dedicated solely to a hobby means you’re more likely to engage in (and enjoy) your hobby.
Lounging room – Thinking of turning your bonus room into a lounger’s paradise? We can’t think of a more relaxing and enjoyable way to use your space. You’ll need extremely comfortable furniture, comfy throws and pillows and other items to help you relax.
Storage rooms – If closets and attic space don’t cut it for storage, consider using your bonus room as a designated storage room for boxes and extras. It certainly saves you from having to pay for monthly storage at a climate-controlled storage facility. Not to mention, the convenience of having access to your items in your own home is particularly helpful.
Closet room – Need a place to put clothes and accessories? If the closet in your primary bedroom isn’t large enough, consider turning the bonus room into a large walk-in closet. Nowadays, you can order shelving systems and hanging rods online, making it easy to create a closet without built-ins. Or, you can hire a company to help you create a custom closet.
Artist studio – In need of a quiet place to draw, paint and embrace your inner creative? Turning your bonus room into an artist studio is a great way to practice and engage in your favorite hobby. It’s also a good place to hang and store your artwork if you need a space for storage.
Reading room – Whether you simply need a quiet place to read or a large, book-filled library, having a reading room in your home is a great way to embrace your inner bibliophile. Make sure to have a comfortable place to sit and read as well as good lighting and plenty of books.
Gym or exercise studio – There’s no excuse for skipping that workout when you have an entire room dedicated to it. Make sure to set up your bonus room with the right equipment whether you do cardio, weights, yoga or virtual fitness classes. Adding mirrors, yoga mats, fans and comfortable flooring are all great additions to transform the space.
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Residential real estate is a complicated process with a lot of different steps. And at either end of the deal are two main parties—the buyer and the seller—both of whom want to make sure that the whole thing goes as smoothly as possible. That’s where real estate agents come in, offering the knowledge, expertise, and experience that’s necessary for transferring properties from one owner to another. So how do the roles for a listing agent vs. selling agent compare, and who’s responsible for what? Here’s what to know, plus how to go about choosing the right agent for your needs.
The main difference between listing agent vs. selling agent
The biggest difference between a listing agent vs. selling agent is who they represent. Listing agents (also called seller’s agents) work with sellers while selling agents (also called buyer’s agents) work with buyers. Both agents work together to negotiate on offers and close a deal. They also share the commission fee.
If you’re getting ready to buy or sell, knowing who you should call is an important first step. Fortunately, most real estate agents can work as either a listing agent or a selling agent, so if you find an amazing agent they should be able to help you out regardless of whether you’re the buyer or the seller in the transaction.
What does a listing agent do?
Listing agents market homes on behalf of sellers. As real estate professionals, it’s the listing agent’s job to oversee each step in the selling process, including many of the steps that take place before a home goes to market.
A listing agent’s complete job description may vary based on the specific seller’s needs, but here are some of the things that they can do for their clients:
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- Research comps and price homes
- Help arrange for a home appraisal and/or inspection
- Consult on the sale process and help develop a listing strategy
- Arrange professional photography for the listing
- Arrange professional home staging
- Create copy for a property listing page, as well as other marketing materials
- Oversee all marketing efforts, including posting the property on MLS (multiple listing service)
- Network with other agents to find potential buyers, including both listing agents and selling agents
- Host open houses
- Coordinate showings
- Receive offers from interested buyers and handle negotiations on the seller’s behalf and with the seller’s input
- Coordinate closing paperwork
Most listing agents sign a right-to-sell contract with sellers that gives their brokerage firm exclusive rights to the listing and sets out the terms of compensation. Typically, it is the brokerage firm that is paid the commission on the sale and then the listing agent receives a set portion of that amount. Movers and Packers Dubai
What does a selling agent do?
Selling agents work with buyers to help them find and purchase homes. If the term sounds confusing, it’s because these agents are traditionally referred to as buyer’s agents and only get deemed selling agents after the contract is signed.
Like a listing agent, a selling agent has a wide range of skills and job capabilities but the specific things that they do may vary from client to client. Possible tasks include:
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- Work with buyers to narrow in on the details of what they’re looking for, such as location, home size, home features, and price
- Help arrange for a mortgage pre-approval if the buyer has not completed one already
- Help a buyer iron out their budget and financing options
- Research available homes that fit the buyer’s wants and needs and present them with potential properties to look further into
- Schedule showings and attend showings with the buyer
- Write offers and counteroffers
- Guide negotiations
- Assist with arranging for the home inspection
- Help buyers navigate the closing process
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