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.

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What Home Buyers and Sellers Need to Know Before Hiring a Real Estate Agent

When you work with a dedicated real estate professional like Eileen Kedersha, regardless of whether you’re buying, selling or both, you can count on a quality experience and unrivaled service. Connect with Eileen today to begin your real estate journey! 954-462-3600  Photo credit: Unsplash
Article Written by: Brittany Fisher, financiallywell.info

What Home Buyers and Sellers Need to Know Before Hiring a Real Estate Agent

When you decide to buy a home, you likely have an idea of where you want to live and what you’re looking for, but how do you know if your ideas line up with reality? When it comes time to sell, how do you know the right price? No one should have to navigate this process on their own, and an experienced real estate agent like Eileen Kedersha can help you find the answers to your questions.

Before hiring an agent, though, start with these tips that will prepare you for what to expect.

Purchasing a Home

The beginning of a home search is more about finding out what you don’t want first and finding out what you do want second. You may have a head full of ideas, but when you actually look at homes, those ideas come into clear focus. For this reason, visit some open houses in the area where you want to buy. When you tour some homes, things that you haven’t even thought of will jump out at you, especially the features you don’t want. This helps narrow down your “must-have” and “like-to-have” list so you and your agent can focus on finding your perfect fit.

As you start visiting open houses and fine-tuning this list, keep these tips in mind: Continue reading “What Home Buyers and Sellers Need to Know Before Hiring a Real Estate Agent”

When is it Time to Sell Your Home and Move to Assisted Living?

 

Photo Credit: Pexels Article written by Brittany Fisher: Financiallywell.info

When is it Time to Sell Your Home and Move to Assisted Living?

No caregiver wants to admit they’re in over their head. However, for many of us there comes a time when we can no longer give our loved ones the care they need. Whether they’ve been living on their own and it’s becoming dangerous, or they’ve been living with you and their needs are too much, assisted living can be a loving solution. This is a big and often difficult choice. Here are a few solid signs that your loved one needs the kind of full-time, professional care they’ll get in an assisted living facility:

Forgetting Medication

 If your loved one needs daily medications, it’s important that they take their prescribed dose at the right time every day. However, memory problems can lead to missed doses, or even accidentally taking meds twice, which can quickly become very dangerous and even lead to hospitalization. In assisted living, the medical staff manage medications for the seniors they serve, eliminating the risk of missing vital doses or accidentally taking too much.
Becoming Accident-Prone Continue reading “When is it Time to Sell Your Home and Move to Assisted Living?”

New to Town? How to Settle Into Your New Fort Lauderdale Home

New to Town? How to Settle Into Your New Fort Lauderdale Home

With its sunny disposition and welcoming community, Fort Lauderdale makes it easy to feel at home whether you’ve lived here for three weeks or 30 years. However, as pleasant as the city’s warm weather and white sand beaches may be, they won’t help newcomers when it comes to finding a great hair salon, a trusty mechanic, or other local services after moving to Fort Lauderdale and surrounding towns.

That’s where this guide comes in. If you’ve recently purchased a home in Fort Lauderdale, these resources courtesy of Eileen Kedersha will help you knock out your new-to-town to-do list so you can start enjoying all that sunny Fort Lauderdale has to offer. Give me a call for any special information requests, I will be happy to discuss your questions.

Article by: Ed Carter: Ed has worked with clients of all ages, backgrounds and incomes. About 10 years into his career, he saw a need for financial planners who specialize in helping individuals and families living with disabilities.

Housekeeping and Useful Local Contact Information

Continue reading “New to Town? How to Settle Into Your New Fort Lauderdale Home”

New To Smart Home Technology? Read This Before You Buy
Article by: Ed Carter

Smart homes are all the rage, and there is a good reason for that. They are more efficient and offer people with disabilities (or those aging in place) more freedom to live alone than ever before. When you’re in the market for a luxury home, you may find that smart home features are already included. However, when your budget leans toward modest, you may have to upgrade after you buy.

Here are a few smart home devices to add to your list.

  • Alarm systems, security cameras, locks. A smart home security system is a great way to keep your property under your own watchful eye 24/7. And as GearBrain explains, this feature may improve the value of your property.
  • Smart switches. A smart switch allows you to control any item that plugs into the wall from your smartphone or computer. You can, for example, turn your lights on and off from anywhere in the world if you’re on vacation, or turn on your garage heater to keep things toasty and warm before you head out for the day.
  • One of the most energy impactful devices available today is a smart thermostat. Efficiency Vermont explains that a smart thermostat can be set according to your family’s habits. This means it will know when to heat things up or cool things down.
  • There are numerous benefits to smart lighting. Nationwide explains that one of these is that the right bulb can help you get to sleep. Having the ability to control your home’s brightness without having to get up and flip switches is a definite plus for those in wheelchairs or with mobility problems. Motion-activated lights are also useful for people with visual impairments.
  • Smart appliances (refrigerator, dishwasher, washer, dryer, etc.) are not only energy-efficient but can also reduce your workload. A smart dishwasher, for example, can detect food particles and keep them from re-depositing on your dishes, which will reduce the need for handwashing.

Smart home tips

Having a smart home is an investment. But a few things you can do to protect the money you’ve spent are to focus on cybersecurity and to add features one at a time as you acclimate to a new way of life.

If you’re not tech-savvy, take the time to read up on ways to protect your home network so that hackers can’t log into your smart devices. Digital safety is just as important as physical safety in today’s day and age. Make sure your network is password-protected and secure before adding smart home devices.

You’ll also want to take into account where these devices will be placed and how well they will blend into your home’s current design. Many items such as a video screen smart home hub (like the Echo Show) will look in-place in any room, but your smart thermostat or other plug-in devices may stand out. Make sure to purchase colors that blend in well, and, if you would prefer a more rustic look overall, use plants, picture frames, and other decorative items to camouflage your touch of tech.

No matter your experience level with smart tech or your budget, these devices are a great addition to any home. Beyond energy savings, remote-controlled lights, thermostats, security systems, and other tools are a great way to enhance your home’s value and livability today, tomorrow, and beyond.

On the lookout for a smart, new home or a home you can smarten up? Eileen Kedersha has the experience to find exactly what you need at the price you want to pay. For help finding your next property, call today at 954.462.3600.

 

 

 

 

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National Homeownership Month [INFOGRAPHIC]

National Homeownership Month [INFOGRAPHIC] | Simplifying The Market

Some Highlights

  • National Homeownership Month is a great time to reflect on how we can each promote stronger community growth.
  • Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities.
  • Let’s connect today if homeownership is part of your future plans.

Benefits of Homeownership

The Benefits of Homeownership May Reach Further Than You Think

The Benefits of Homeownership May Reach Further Than You Think | MyKCM

More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.

June is National Homeownership Month, and it’s a great time to reflect on the benefits of owning your own home. Below are some highlights and quotes recently shared by the National Association of Realtors (NAR). From non-financial to financial, and even including how owning a home benefits your local economy, these items may give you reason to think homeownership stretches well beyond a sound dollars and cents investment alone.

Non-Financial Benefits

Owning a home brings families a sense of happiness, satisfaction, and pride.

  • Pride of Ownership: It feels good to have a place that’s truly your own, especially since you can customize it to your liking. “The personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.”
  • Property Maintenance and Improvement: Your home is your stake in the community, and a way to give back by driving value into your neighborhood.
  • Civic Participation: Homeownership creates stability, a sense of community, and increases civic engagement. It’s a way to add to the strength of your local area.

Financial Benefits

Buying a home is also an investment in your family’s financial future.

  • Net Worth: Homeownership builds your family’s net worth. “The median family net worth for all homeowners ($231,400) increased by nearly 15% since 2013, while net worth ($5,000) actually declined by approximately 9% since 2013 for renter families.”
  • Financial Security: Equity, appreciation, and predictable monthly housing expenses are huge financial benefits of homeownership. Homeownership is truly the best way to improve your long-term net worth.

Economic Benefits

Homeownership is even a local economic driver.

  • Housing-Related Spending: An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country’s economic activity over the past three decades.
  • GDP Growth: Homeownership also helps drive GDP growth as the country aims to make an economic rebound. “Every 10% increase in total housing market wealth would translate to approximately $147 billion in additional consumer spending, or 0.8% of GDP, as well as billions of dollars in new federal tax revenue.”
  • Entrepreneurship: Homeownership is even a form of forced savings that provides entrepreneurial opportunities as well. “Owning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.”

Bottom Line

The benefits of homeownership are vast and go well beyond the surface level. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact on your local economy. If owning a home is part of your dream, let’s connect today so you can begin the homebuying process.

The Bright Spark in the Housing Market is Home Equity, Want to Know Why?

Why Home Equity Is a Bright Spark in the Housing Market

Why Home Equity is a Bright Spark in the Housing Market | MyKCM

Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly when sorting through this uncertainty.

One of the biggest questions right now is whether this historic unemployment rate will initiate a new surge of foreclosures in the market. It’s a very real fear. Despite the staggering number of claims, there are actually many reasons why we won’t see a significant number of foreclosures like we did during the housing crash twelve years ago. The amount of equity homeowners have today is a leading differentiator in the current market.

Today, according to John Burns Consulting58.7% of homes in the U.S. have at least 60% equity. That number is drastically different than it was in 2008 when the housing bubble burst. The last recession was painful, and when prices dipped, many found themselves owing more on their mortgage than what their homes were worth. Homeowners simply walked away at that point. Now, 42.1% of all homes in this country are mortgage-free, meaning they’re owned free and clear. Those homes are not at risk for foreclosure (see graph below):Why Home Equity is a Bright Spark in the Housing Market | MyKCMIn addition, CoreLogic notes the average equity mortgaged homes have today is $177,000. That’s a significant amount that homeowners won’t be stepping away from, even in today’s economy (see chart below):Why Home Equity is a Bright Spark in the Housing Market | MyKCMIn essence, the amount of equity homeowners have today positions them to be in a much better place than they were in 2008.

Bottom Line 

The fear and uncertainty we feel right now are very real, and this is not going to be easy. We can, however, see strength in our current market through homeowner equity that has not been there in the past. That may be a bright spark to help us make it through.

Recession Fears may be Exaggerated

Recession Fears may be Exaggerated

The Housing and Mortgage Market Review (HaMMR) by Arch Mortgage Insurance Company has found that Housing Market Trends are now nearly the complete opposite of conditions in the months prior to the Great Recession, according to Dr. Ralph G. DeFranco, global chief economist for Arch Capital Services.

Research on how past recessions affected home values shows current conditions will have a less severe impact on housing than the recession in 2008 did. DeFranco says “A recession is inevitable at some point, but it’s likely to be far less severe for the housing market than the Great Recession,” He goes on to say that “We estimate that the current market is underbuilt by 1 million or more homes, buyers are more cautious and loan quality is far higher. In 2007, conditions were completely flipped: housing was hugely overbuilt, speculative demand was off the charts and the market was awash with high-risk loan products.”

Franco further states, that the quarterly Arch MI Risk Index, a statistical model based on nine indicators of the health of local housing markets, suggests that the probability U.S. home prices will be lower in two years is 9 percent, an increase from 6 percent in the previous study.

In Florida, an Arch index infographic suggests that Florida home values have only a 6 percent chance of declining in two years. However, a higher risk (25 percent) in Miami suggests the chances are even lower in the rest of the state.

Nationally, the overall risk of a decline in home prices remains better than the historic average of 17 percent. Every state is expected to have positive home price growth over the next two years, continuing recent trends.                                                                                          © 2019 Florida Realtors®

Eileen Kedersha, Broker Associate One Sotheby’s International Realty – Kedersha Group 954-561-4100 EKedersha@OneSothebysRealty.com

 

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Eileen and William Kedersha
954-561-4100 or Luxury@sFloridaLuxuryHomes.com | www.sfloridaluxuryhomes.com