Martin County First Quarter Market Update 2020
Real Estate with Arati Refinancing
Real Estate with Arati
Where’s Your Money Best Spent When Renovating?
Trend or Fad? Knowing the Difference Could Save You Money
When updating your home (especially to put on the market), It's a good idea to incorporate current trends into your renovations. There's a fine line between trends and fads however, and the difference can affect your buyer pool.
Fads are characterized by an intense and widely shared enthusiasm for something, but they tend to fade in popularity quickly, and have little basis in practicality.
Trends have longer lifespans and are more sustainable as a market force. Trends indicate the general direction that something is developing over time. Often times, design trends can be predictable because they have a basis in practicality that justifies their popularity.
Fads can occasionally turn into trends, but it's hard to know in which cases that will happen. If your goal is to attract a wide range of buyers to your home and sell quickly, it's best to steer clear of design choices that are too new, too edgy, and too pricey. Let's break down a few current fads for consideration.
"Thanks to Instagram and Pinterest, busy, bold wallpaper is back in a big way," says HomeLight. "Online searches for 'bold print wallpaper' have increased by 401% in the past year." While wallpaper can be great for adding a splash of individuality to your space, it's just that — individual. To some, wallpaper adds visual clutter, and if buyers can't picture themselves in that space, they're going to be more focused on the potential headache of taking all of that wallpaper down. Neutral paint tones, on the other hand, tend to have widespread appeal and can be easily changed by potential buyers.
Watch HGTV for more than a few minutes these days and you'll probably see some fancy gold or brass finishes in the kitchen or bathrooms. We're filing this under "fad." Even though this type of finish has grown in popularity, you're still unlikely to find them in the majority of homes—especially in more suburban areas. If you live in a hip city with a large, design-savvy millennial buyer base, choosing these trendy finishes could pay off. For everyone else, sticking to finishes with more widespread appeal is a smarter move.
In recent years, open kitchen shelving has become quite popular on design shows. When staged properly and done right, open shelving can look great, but in the frenzy of everyday life it lacks function and looks cluttered and unorganized.
Outside of finishes, it's important to consider the main features of your bathroom. Large walk-in showers have become more popular, but they often require ditching the bathtub. Consider your potential buyer before making such a drastic change. While you personally might not take many baths, a tub is often a must for young families with small children.
5 Minor Remodeling Projects
Whether you’re getting ready to sell your home or just want to make the place you live an oasis, these minor remodeling projects will increase your home value!
Your home’s curb appeal is the first thing visitors see when they get to your home. You can make a strong, positive first impression with some smart landscaping. Consider a variety of plants that reach their peak in each of the four seasons so your yard always looks incredible.
Replace Your Front Door
The front door is one of the first things visitors see. Replacing the door can give your home a more modern, updated, and clean feeling. When choosing your new door, keep the rest of the home’s color and style in mind. Investing in a steel door will provide you with unbeatable durability.
Updated Color Schemes
Paint fades over time and popular color schemes change. Today, neutral tones like beige and grey are popular options throughout the home. Whether you do it yourself or hire a professional, painting your home is a great way to improve the atmosphere of your home.
Remodel Your Fireplace
Highlighting a home feature as iconic as a fireplace can make a dramatic improvement in your home. Some popular remodeling options are replacing outdated brick with modern, natural stone or expanding it to a floor-to-ceiling statement piece.
Add Crown Moulding
Crown moulding adds a touch of sophistication and class to your home. And, you may be surprised at how simple and affordable adding it can be. In addition to framing the rooms of your home, you can use it to highlight key features in your home such as the fireplace, breakfast nook, or bay windows.
Whether you’re planning to stay in your home for many years or getting ready to make a move, I’m here to help. Feel free to contact me with any real estate questions!
Why an Investment Property Should Be Your First Real Estate Purchase
Not ready to buy a home for yourself but want to take advantage of great market conditions? Consider buying an investment property! It's a trend that's taking over real estate, as savvy investors look to put their money in an appreciating asset. Here are five reasons to consider it.
1. Rates are crazy low. Lower rates mean more affordable lending, or more for your money if you choose to reach higher.
2. Because it will appreciate. According to CoreLogic, "The overall home price index (HPI) has increased on a year-over-year basis every month for seven years." The long-term price appreciation of real estate can provide one of the safest investments out there.
3. Because passive income is good. Yes, it's nice to know there will likely be appreciation over time, but the real key to success with investment properties is passive income.
"The best part about rental properties is that they provide a stable income," said Mashvisor. "What would be better than having a check sent to you every month? In order to have positive cash flow, you have to make sure you invest in a profitable rental property."
4. To turn it into a short-term rental. The short-term rental market has opened up a new world of opportunity for investors. By buying in the right location—by the beach, near a ski resort, or in close proximity to a popular annual event like Coachella, you have the potential of making a significant return in a short period of time. Just be sure to check the local laws, as lots of cities have been cracking down on Airbnb and other services.
5. Because it can help you buy the home of your dreams down the line. "Buying an investment property before your first home does not imply that you won't have the funds to purchase your actual home at some point," said Mashvisor. "In fact, investment properties that have been purchased wisely and have grown in value can offer you a sizeable amount of wealth and equity."
Benefits to Moving to the Treasure Coast
Many people are seeing the benefits of moving to the Treasure Coast. There is something different for everyone to enjoy and plenty of things to keep you busy. For those that want to relax and enjoy the beautiful beaches, parks and outdoor activities the Treasure Coast is a great choice. Many waterfront properties for sale throughout the Treasure Coast bring Florida living into beautiful reality. You can choose to live on the beach in a condo, townhouse or mansion. Or you can buy a large single family home on the St Lucie River which affords homeowners boat dockage and unlimited fun in the sun.
Treasure Coast Lifestyle
If you are visiting the Treasure Coast for the first time you may be overwhelmed by the number of outdoor activities are available. However, there's so much to do indoors as well. Many folks want to be near shopping, 5-star dining and more. We have some amazing Golf and Country Club communities where you can eat, be social, play outdoors, workout and even eat out all within the security of guard gated access. Places like Evergreen Club in Palm City offer 1 acre home sites and very unique homes. They are built around a world-class golf course that resident members have unlimited access to. If you are on a budget, but still want an amazing value in Martin County then Emerald Lakes in Stuart is a great choice. Here you will find townhouses and single family residences that are a bargain. The community is run by a healthy HOA and the fees are really low (under $250 per month)
Then for those who enjoy being out on the water, our many Yacht Clubs on the Treasure Coast offer amazing memberships. You can even choose to buy a home within a Yacht Club and have year-round access to the water.
Treasure Coast Homes For Sale
There are many Treasure Coast homes for sale to fit any budget and style. Buyers can choose from secure guard gated neighborhoods that are family friendly. Plus homes, condos, and townhouses inside HOA communities. There are also well-known 55 plus communities that you can buy a home within and also keep a busy social schedule.
1. Getting pre-qualified (though our mortgage broker referral)
2. Search the areas you wish to live for homes that match your criteria
3. Set up showings of any homes you like
4. Submit contracts and documents needed for the sale.
5. Connect you with any other helpful people or things that will make your home buying experience better.