February Real Estate Newsletter 2024
Sought-After Features in Historic Homes Buying a historic home isn't just acquiring a property — it's embarking on a journey through time. Each creaking floorboard and weathered brick tells a story steeped in history. The attraction of owning such a home goes beyond traditional real estate ambitions. It's a fascination with craftsmanship, architectural legacy, and the enchanting narratives woven into the very fabric of the building. Inman.com recently identified the features that buyers of a historic home find most charming.Intricate architectural details that reflect the era in which they were constructed make these houses truly extraordinary. Here are some features you're likely to find. Elaborate crown molding, baseboards and trim Ceiling medallions, exposed beams and coffers Grand staircases with ornate banisters Finely crafted mantels and hearths Stained glass and transom windows Built-in bookcases and window seats Purchasing a house with history creates a deep respect for what has come before. The investment goes beyond financial obligations — the owners of a historic home can form warm connections with a property's past. These attachments may be well-rooted, too. Some 100-year-old homes may only have changed ownership a few times.Many buyers love an older home's details but also appreciate current amenities. In historic districts, local ordinances may protect a home's exterior integrity, but the interior can be modernized to today's standards. Upgraded electrical and plumbing systems are essential, while authentic kitchen and bath updates often top a buyer's wish list.While luxury properties are often found outside city centers, historic home buyers appreciate being in the center of it all. They're usually willing to forego open floorplans and larger lots for shorter commutes and walkable neighborhoods. Sci-Fi Solutions To Automate Your Home Smart home automation has revolutionized how we interact with our living spaces, seamlessly integrating cutting-edge technology into our lives. Realtor® Magazine identified some of the top home automation features that may seem like science fiction but are available now.Lights Program interior lights to turn yellow and red, signaling kids when the school bus is arriving. Automate changing outdoor lighting to a brighter setting as you approach. Sync accent lighting with your television for an immersive entertainment experience. Devices Install cabinet locks that open only when your phone is nearby. Program a robot vacuum to clean while you're away. Set a pet door to open with sensors in your pet's collar. Receive notifications when refrigerator or garage doors are left open. HVAC Automate fans and blinds to balance room temperatures. Utilize humidity sensors to increase bathroom ventilation. Turn off garage heating while the door is open. Real Estate Markets on the Rise The Urban Land Institute recently released Emerging Trends in Real Estate® 2024, its annual insight into forecasts and data. The report names the following cities as the top real estate markets to watch this year. Common themes among many of these locations include mild climates, strong job growth and affordable housing. Nashville Phoenix Dallas/Fort Worth Atlanta Austin San Diego Boston San Antonio Raleigh/Durham Seattle Home-Selling Strategies for Parents Juggling house showings, kids' schedules and typical family messes is a difficult task. But with some planning and fortitude, you can turn your house into the star attraction for potential buyers while keeping the family circus running smoothly.One of the first things to do is declutter and create order. Involve your children by letting them sort through their toys and clothes. Pack up unnecessary items early in the process.Create a neutral decor by removing family photos, collections and sentimental items on display. At the same time, staging an organized, inviting play area will show buyers with children that the house can meet their needs.Naptimes and mealtimes are important parts of kids' routines. It can be challenging to have showings scheduled during these times, but try to remain flexible. Make a list of fun places for quick getaways, or plan to visit family and friends.Lastly, the moving process can make kids feel insecure. Maintain a sense of normalcy so they feel comfortable and safe. New Year, New Kitchen Are you planning to update your kitchen this year? 2024 is cooking up some new trends to enhance your renovation recipe. Plus, kitchen improvements boost resale value.TextureThis year, you can expect to see distinctive textures and rich finishes in kitchens. Consider matte, embossed or rough-hewn backsplash tiles. Incorporate a solid stone island with carved, fluted detailing. Add sizzle with a decorative range hood.Clean LinesSimplicity in kitchen design remains a cornerstone. For a sleek look, try recessed cabinet pulls, and opt for cabinets that reach the ceiling to maximize both style and storage. Consider durable porcelain countertops for an elegant, refined aesthetic.ColorSoft butter yellow and various shades of green will rule palettes. Bring in color with wallpapered pantries and unexpected shades of wood-stained cabinetry. Complement these hues with neutral tones and soft textures to create an inviting atmosphere.
January Real Estate Newsletter
Unusual Elements for Unique Homes Spacious closets, welcoming patios and functional laundry rooms are at the top of buyers' lists, but what if you prefer more uncommon elements? If you're looking for a home as rare as a unicorn, these curious features are sure to hit the mark. Sunken Living RoomA nod to the groovy 1970s, sunken living rooms are making a comeback. Literally set into the floor, these living spaces are cozy, often featuring plush seating with an abundance of pillows. Sunken living rooms keep spaces open while providing an intimate setting for conversation. A lowered living space can also make a home feel larger.ElevatorThere are home essentials, and then there are luxuries like residential elevators. Both convenient and glamorous, they also make homes accessible for those with mobility challenges. Some residential elevators offer energy-efficient options and can be customized to complement a home's style. Be aware, they do require regular maintenance to keep running properly.Secret RoomWhat's more intriguing and unusual than a secret room in your house? From a man cave behind a bookshelf to a false wall in a closet to safely hide valuables, a secret room is an investment that will definitely be unique.TreehouseMature, beautiful trees can give a property a grand feel, but a fun treehouse plants an elevated touch of whimsy. Treehouses have compelling and impressive benefits. They offer privacy and a unique space for making cherished childhood memories. Top Features in Multigenerational Housing Not since the 1940s have there been so many multigenerational households in the U.S. In fact, Pew Research Center reports that the number has quadrupled in the last 50 years. Currently, about 45% of young adults ages 18–29 live with their parents. Because of this, flexible floorplans are increasingly valuable.Today's multigenerational homes balance open common areas with privacy and personal space. Maximizing every square foot is the ultimate goal. Floorplans can be modified with elements like French or pocket doors to separate rooms and multi-purpose spaces that meet everyone's needs. When more space is required, some homeowners build out an in-law suite, while others prefer to move to a more spacious property.Beneficial features in multigenerational houses can include soundproof walls, extended outdoor living spaces, dual laundry rooms, and kitchenettes. Other considerations consist of separate entrances and private courtyards along with accessibility and safety features for older generations. Bedroom Staging Can Fulfill Buyer Dreams When buyers are looking for sublime spaces to retreat and rest, savvy sellers can stage their bedrooms to make those dreams come true. Consider these ideas when listing your house for resale.SimpleAccessorize in a way that adds to a space and doesn't detract. Pack up your photos, books and knickknacks, then declutter and organize closets.NeutralCreating a soft, undefined canvas in your primary bedroom invites buyers to envision their preferred style.LightLet in as much natural light as possible and enhance evening moods with soft white bulbs. Combine overhead lights with table lamps to create layers.SoftPeople are tactile creatures — we like to touch things. Splurging on luxurious items such as bedding and complementary cozy rugs can ensure the buyer feels comfortable in the room.AmbientScents and music can also be very calming. Diffuse subtle aromas that appeal to most people, like vanilla or lavender. Additionally, set a warming tone by playing soft music in the background. Better Closets, Better Offers Closet space may not be the first thing on a potential home buyer's wishlist, but a lack of it can be a real door closer. Even if your home doesn't have the biggest closets, clever organization can tip the scale for better offers. Try these suggestions. Put out-of-season clothing in storage and arrange the rest by color on quality hangers. To create space, avoid storing shoes and other items on the closet floor. Store linens and cleaning supplies out-of-sight in a cabinet. Ensure your closet is well-lit, and retouch paint on any scuffed walls. Stage a walk-in closet by displaying attractive shoes and other accessories on shelving. Tuck a subtly scented, unlit candle into a corner for ambience. Beyond Boxes: Moving Day Essentials Whether you're a novice or a seasoned pro, it's easy to forget practical items when packing up your household belongings. Beyond the basics like scissors and trash bags, here are some other essentials that should be loaded last and unloaded first. All-purpose cleaner Batteries Bottled water Box cutter Broom and dustpan Cooler with ice Disinfectant Duster Electronics chargers First aid kit Furniture sliders Hand soap Light bulbs Overnight bags Paper towels Plastic baggies Shower curtain and rod Snacks Toilet paper Toolkit Towels Vacuum
December 2023 Blog
Are the Holidays a Good Time To Sell? If you're thinking of selling your home during the holidays, you might be in for a treat that's sweeter than grandma's famous pumpkin pie. While many homeowners are hesitant to list their property during this busy time of year, it actually offers advantages you won't find at other times. Here are some benefits that can make selling your house during the holidays a recipe for success.Less CompetitionNovember through February typically see fewer homes on the market compared to spring and summer. This scarcity can be beneficial as reduced competition may attract more buyer attention.Serious BuyersDespite fewer buyers overall during winter, those in the market are often more motivated and committed. They might need to relocate quickly due to job changes or other life events.Quicker Decision-MakingWith fewer homes available, buyers tend to make faster decisions. This can expedite negotiation and closing processes.Seasonal AppealMany homes are especially inviting in winter, notably those with cozy features like fireplaces or heated flooring. A few touches of seasonal decorations, such as wreaths, string lights or candles, can create a warm ambience that resonates with potential buyers.Tax ConsiderationsSome buyers may want to finalize their home purchase to take advantage of year-end tax benefits. For different tax reasons, others may prefer to close right after the new year begins. Understand Your Down Payment Options Turning homeownership goals into reality includes understanding the numerous choices available to you regarding down payments. Here are some programs and options that can help you reach your target, whether you're a first-time buyer or making a move-up purchase.While many traditional mortgage lenders require a 20% down payment, there are options that call for less money down. FHA loan down payments are as low as 3.5%. VA and USDA loans often allow zero money down, but each option does have minimum credit score requirements.Explore state and federal down payment assistance programs. Generous family members can also gift buyers with down payment money, but lenders usually require a gift letter and proof of funds transfer.Discuss these options with your lender. Meanwhile, consider maximizing your savings by setting up automatic transfers from your paycheck directly into your savings account. Look for additional ways to set aside funds for your down payment, including saving a specific portion of pay raises, bonuses or tax refunds. Does Your Home Need an EV Charger? New generations of buyers are reshaping the concept of the ideal home, which might include an electronic vehicle (EV) charger. Consider these facts. Level 1 charging (L1) uses a manufacturer-provided cable and runs through a standard 120V outlet — no installation is required. Level 2 charging (L2) is hardwired to your home or connected to a 240V outlet. Level 3 charging (L3) is currently limited to commercial sites due to high power needs. Aside from the markedly faster charge, if your community lacks public L2 or L3 chargers, installing an L2 is a modest investment and may be attractive to future buyers. Unexpected Things To Look for at an Open House When attending an open house, keep an eye out for some critical — and maybe unexpected — factors that can help ensure you make an informed decision. In general, it's wise to visit a property multiple times at different times of the day or evening. When touring the house, pay close attention to these details.Natural LightingAssess the amount of natural light coming into the house during the timing of your visit.Unusual OdorsDon't overlook unusual or strong odors, such as mustiness, mold, pet smells, or even strong air fresheners that might be masking issues.Noise LevelListen for any noise from the surrounding area, such as traffic, neighbors or other disturbances that might affect your comfort.Gut FeelingTrust your intuition. Take note of how you feel while exploring the house and whether you can envision yourself living there.
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