The galloping real estate market is a scary and exhilarating thing.
On the one hand, as home prices soar, how on earth will you ever buy one? On the other, assuming you do pull off the biggest purchase of your life and become a proud homeowner, those very same rising prices are a promise that one day you, too, will make bank.
And that’s exactly why savvy buyers and owners obsess about how much their home will be worth in a few years—and why.
Read the article on Realtor.com…
If your listing has two master bedrooms, you may very well have a highly desired feature that many couples want in their next home and are willing to pay extra for.
Among the top 10 percent of markets nationwide, active listings that include multiple master bedrooms are priced, on average, about 9 percent higher than those with just one master, according to a realtor.com® analysis.
Luxury home builders are taking notice of the growth in demand. A 2016 survey by John Burns Real Estate Consulting found that nearly one in three potential home buyers in the $2 million and above price range said they wanted dual master bedrooms.
With warmer weather and longer days on the horizon, now is the perfect time to get your yard in shape for summer. Keep this year’s top five landscaping trends (according to the National Association of Landscape Professionals) in mind as you get started.
- Going green (the color)
Combine different textures and shades of green for a more dramatic lawn. Think of mixing leaves of different size and shape as well as plants with a variety of verdant hues.
- Going green (the earth-friendly strategy)
More sustainable landscape designs have been becoming more popular over the past few years. Why? They’re better for the planet and can reduce maintenance costs. For example, more homeowners are planting “smart” lawns – varieties of grass bred to stay green with less water.
- Giving bees a chance
With bee populations in trouble, people are actually starting to welcome the stingers in their yard by planting native plants that provide the nectar they feast on. The efforts to save vital pollinators is another sign of consumers seeking greener, sustainable practices for their yards.
- Going Danish
The Danish concept of hygge is about creating an atmosphere of coziness by embracing life’s simple pleasures. How do you implement hygge in your yard? Add features that promote mindfulness, such as water fountains or aromatic flowers, and arrange seating in a way that encourages conversation. And don’t forget to include spaces that inspire play – for kids and adults. The experts at Gardendesign.com note an uptick in requests for things like bocce courts, fireplaces and hammocks, features to help home owners relax and play outdoors.
Considering a move, or know someone who is? I’ll be happy to help – contact me!
Your relationship with your home is one that will hopefully last a long time, so it pays to learn its most intimate details. And not to be weird, but we really do mean intimate: what turns it on (or off), what makes it hot (or cold), and its delicate inner workings.
Because, after all, your home takes care of you—it keeps you warm, safe, well-fed—so it has every right to act a little high-maintenance and demand some TLC in return. Neglect your house, and there could be hell to pay later in the form of floods, electrical outages, and worse.
So as a sort of how-deep-is-your-love kind of test, ask yourself if you know these five things about your home—and if not, maybe you should go find out.
Open floor plans continue to reign. Eighty-four percent of builders say that in the typical single-family home they build, the kitchen and family room arrangement is at least partially open. Fifty-four percent say it’s completely open, according to responses from a September 2016 National Association of Home Builders/Wells Fargo Housing Market Index.
“Completely open” essentially means the two areas are combined into the same room. Partially open signifies areas separated by a partial wall, arch, counter, or something less than a full wall.
Seventy percent of recent and prospective home buyers say they prefer a home with either a completely or partially open kitchen-family room arrangement; 32 percent say they prefer the arrangement completely open, according to an NAHB survey.
Only 16 percent of buyers say they want the kitchen and family rooms in separate areas of the house.
As demand continues to increase for open floor plans, homeowners of existing-homes are also looking to open up their kitchen and family room areas. Professional remodelers report that 40 percent of their projects involved making the floor plan more open by removing interior walls, pillars, arches, etc., according to first quarter of 2016 data in the Remodeling Market Index.
Source: “Builders Satisfy Demand for Open Floor Plans,” National Association of Home Builders’ Eye on Housing blog
BUILDER recently asked real estate professionals to share their thoughts about the top design trends their clients are currently requesting. Here are some of the top design trends that real estate pros said are in demand:
- Open layouts
- Neutral color schemes
- Multigenerational floor plans
- First-floor master suites
- No dining rooms
- White kitchens
- Extra-large garages
- Big closets
- Finished basements with 9-foot high ceilings
- Barn sliding doors
Source: “REALTORS®’ Most In-Demand Design Trends,” BUILDER and “15 Things REALTORS® Want Builders to Know,” BUILDER
Home buyers are demanding more home features that help them save energy and keep the home organized, a new study released by the National Association of Home Builders, “Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers” reveals.
However, the generations – millennials (born 1980 or later); Gen X’ers (born 1965-1979); baby boomers (born 1946-1964); and seniors (born 1945 or earlier) – do show some differences in what home features they value the most. In a nationwide survey of more than 4,300 home buyers, NAHB pinpointed those differences and which features each generation most desires.
The following are the home features most wanted by each generation…