What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • Today’s strong sellers’ market is the direct result of high demand and low supply.
  • Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply.
  • If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market.

Is a 20% Down Payment Really Necessary To Purchase a Home?

Is a 20% Down Payment Really Necessary To Purchase a Home? | Simplifying The MarketThere’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is […]

Upgrades to Make Your Home a Haven in 2021

Upgrades to Make Your Home a Haven in 2021

Article Written by: Brittany Fisher, financiallywell.info

Your home is your greatest asset, and it’s also the place you likely feel the safest. However, we all spent entirely too much time at home in 2020, and now you may feel like those same walls that sheltered you throughout the pandemic are closing in. Brought to you by Eileen Kedersha with ONE Sotheby’s International Realty, here are a few tips and tricks on how to make your house feel like a brand-new space once again.

Focus on the outdoors.

With warmer months ahead, you will likely be spending more time outside. Start by evaluating your outdoor entertainment areas. If you don’t have a walkway or patio, Bella Masonry and Construction can help you plan and create the perfect spot, as well as make repairs to your foundation or existing outdoor steps to ensure the safety of your family and visitors.

Your outdoor entertainment area won’t be complete without shade. You can invest in inexpensive shade sails, which simply mount to a post or existing exterior wall. Depending on how much space you have, you might also consider adding a swimming pool, outdoor kitchen, or dedicated outdoor game zone. If you want to get really creative, you can use concrete pavers to make a chess or checkers board right in your own backyard.

Reduce clutter and clean.

Having spent more time at home in 2020, there’s a good chance that you’ve added to the chaos with lots of things you didn’t need. You may have also worn out your furniture and carpets. If your home now has that “lived-in” look, summer is a great time for spring cleaning. Plan to clear out any excess. You can box these up and take them to storage or stick them in the garage until you’re ready for a yard sale.

Once you have your house cleared out to the bare minimum, it’s time to get to work cleaning from top to bottom. Start with dusting the walls and baseboards, shampooing the carpet, deep cleaning the tile, and adding a coat of paint to any room that looks run down. Give the furniture a good cleaning, which may require a professional touch if you find more stains than you can get out with the products available to you. Look for an upholstery cleaning service online, but consider what previous customers say about available services. Online reviews can keep you from making an expensive mistake. Before you bring them in to do the work, confirm that they are using tools specific to your job instead of “all-purpose” tools, which could damage the upholstery.

Take advantage of under-utilized space.

No room in your home has to be relegated to a single purpose. There’s always a way to get the most out of your space. For example, if you have a basement rec room, you can add a video projector, lighting, and a quality sound system to build your own home theater. Technology services provider FireFold explains this isn’t a cost-prohibitive endeavor and asserts that it’s a better alternative to visiting your local movie theater (which may not be open anyway).

You can also use your dining room as an indoor game area by storing your favorite card and board games in an unused kitchen cabinet. Don’t forget about excess storage areas that you might not be using, including underneath basement stairs and overhead racks in the garage.

Creating a home that feels new and doesn’t remind you of the trauma of 2020 is a challenge. But creating a beautiful outdoor entertainment area, cleaning out the clutter, and finding uses for old spaces is a great start. So get ready to see your home in a brand-new light. It doesn’t have to break the bank, and you may just find that home becomes your favorite place once again.

Are you looking for a home in South Florida? Get in touch with Eileen Kedersha with ONE Sotheby’s International Realty, whose expertise can help you find what you’re looking for. Call 954-462-3600 or email ekedersha@onesothebysrealty.com.

 Image via Pexels

More Young People Are Buying Homes

More Young People Are Buying Homes | Simplifying The MarketThere’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their […]

The Truths Young Homebuyers Need To Hear

The Truths Young Homebuyers Need To Hear | Simplifying The MarketFor many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value […]

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs.
  • With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home.
  • With such high demand for houses today, now is a great time to sell so you can upgrade to a multigenerational home that may better suit your evolving needs.

Millennials: Is It Time to Buy a Bigger Home?

Millennials: Is It Time to Buy a Bigger Home? | Simplifying The MarketIn today’s housing market, all eyes are on millennials. Not only are millennials the largest generation, but they’re also currently between 25 and 40 years old. These are often considered prime homebuying years when many people begin to form their own households and invest in real estate. If you’re like many millennials who are spending […]

Knowledge Is Power on the Path to Homeownership

Knowledge Is Power on the Path to Homeownership | Simplifying The MarketHomeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen Z’ers […]

4 Reasons Why the Election Won’t Dampen the Housing Market

4 Reasons Why the Election Won’t Dampen the Housing Market | Simplifying The MarketTomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not be one of them. Analysts will try to measure the impact feasible changes in regulations might have on housing, the effect […]

Buyer Interest Is Growing among Younger Generations

Buyer Interest Is Growing among Younger Generations | Simplifying The MarketThe demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the […]