Speedy Home Sales: Top 5 Things Buyers Were Looking for in 2017

Are you curious to know what it takes for your community to see speedy home sales in 2018? In order to determine what makes home sales happen quickly, as agents, we look at the patterns. We compile the data and compare it, year over year. So if you are wondering what it takes to sell your home quickly in 2018 or “What did the homes that sold in 2017 in 30 days or fewer have in common?” we can tell you that.

 

Without further ado, let’s take a look at the top five things buyers were looking for in the last year.

1. Square Footage

On average, the homes that sold in less than 30 days were built at around 1,500 square feet. Median square footage was 1,470 square feet. About half of the homes had basements (not included in the square footage measurements).

 

According to an article by the National Association of Home Builders, the NAHB, national averages in new builds have been around 2,600 square feet since 2016 and on a steady increase.

 

The article stated that: “The post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions. Typical new home size falls prior to and during a recession as some home buyers tighten budgets, and then sizes rise as high-end home buyers, who face fewer credit constraints, return to the housing market in relatively greater proportions.”

 

2. Bedrooms and Bathrooms

 

According to the National Association of Home Builders, homes are most often built to include 2.56 bathrooms and 3.38 bedrooms. These figures coincide with what buyers were looking for in 2017. The vast majority of homes that sold were 3 bedroom, 2 bath homes. These homes are usually preferable because they can accommodate growing families, guests, or retirees all the same.

 

Nationally speaking, master bedrooms trend at making up 12% of the square footage space. Second and third bedrooms account for nearly 17% of the home space. Lastly, bathrooms account for approximately 12% of the square footage. Most of the floorplans are dedicated to living spaces, family rooms, dining, and kitchens — totaling nearly 40%. The remaining square footage is dedicated to spaces such as foyers, closets, pantries, laundry, and garages.

 

3. Financing

 

When it comes to how homes are selling quickly, financing accounts for 37% of home sales. While most homes sold for cash (16 homes or 59%) the remainder of sales were done through a mortgage (10 homes or 37%). One home sold on a land contract.

 

Of the 27 homes sold within 30 days in 2017, the average sale price was $260,063. It is important to note that the highest sale price was $1,000,000 and the lowest was $60,000. Because there is such a disparity between the highest and the lowest sale price, knowing the median sale price is more indicative of the trend. The median sale price was $175,000, with the majority of homes (15) selling under $200,000.

 

Finally, the average price per square foot was $173, and the median price per square foot was $152.

 

4. Garages

 

It appears that if you want to see a speedy home sale, you should make sure you have a garage. Nearly all homes sold (with the exception of two) had at least a one-car garage and on average a two-car garage. It’s no wonder residents want garages; with our harsh winters, it only makes sense to have a safe place to house a car. So if you don’t have one already, you may want to consider adding on a garage. It may help with a quicker sale, and it is also likely to increase your home’s value too. In fact, the data shows, that of homes sold in the same neighborhood with much of the same features, the 2 homes with garages sold at substantially higher prices than those without.

 

5. Stick-Built

 

Of all of the criteria that helped contribute to speedy home sales in 2017, having a “stick-built” home seemed to be on trend; 23 of the 27 homes were built on the site where they reside.

 

“Stick-built” or “site-built” homes tend to hold their value at a much better rate than manufactured homes. This is because the materials used for “site-built” homes tends to be of higher quality, making them more desirable. This fact coincides with the next, that site-built homes look better in the eyes of lenders. If an investment holds its value longer, simply put, it is the better investment.

 

Of all the things that helped to push faster sales in 2017, it should be noted that location, correct pricing, and marketing are also factors that can contribute. Because each home is unique, it is important to get a professional market analysis from a real estate agent who knows your market area. Perhaps there are some things you can work on to help your home sell such as staging or small repairs, but you won’t know until you get a professional opinion. Call an agent today.

Say Hello to Mother Nature This Winter

Many of our gardens have withered, frozen over and turned barren for the season. We’ll be cuddling up indoors for the next couple months, but it’s essential to bring life and light indoors to help combat the winter blues. Research has shown that exercising your green thumb this month can help boost your mood and health. Here are seven easy ways to get started.

 

Add houseplants. Houseplants are incredibly versatile and welcome in every room of the house. Even for the most novice gardener, succulents and cacti are very low-maintenance options to start with. Think about proportion, form and texture when choosing plants to complement your existing style and bring it to life.

Start With These Top 10 Houseplants

 

Buy freshly cut flowers. If you’re looking for a shorter commitment and a burst of color this winter, look no further than your local farmer’s market or grocery store. Roses, lilies and tulips are beautiful in-season options and add a lovely fragrance indoors. Shop for decorative vases for an even brighter display and don’t forget to water them daily. The entryway, dining table and nightstand are great places to showcase their beauty.

 

Bring in reclaimed or live-edge wood. Add tree bark indoors for a naturalistic look and rustic vibe. Live-edge wood maintains the natural shape of the tree, which results in one-of-a-kind shelves, tables and even countertops. This New York home takes on a stylish and unique approach by implementing a live-edge sliding barn door. You can also incorporate reclaimed wood in your design with furniture or wall and floor treatments.

 

Stock up on firewood. ‘Tis the season of long nights spent cozying up around the fire. Capitalize on your fire feature by keeping wooden logs nearby, stacked up in the corner of a room or stored in baskets. If you have a non-functional fireplace, you can still fill it with firewood to create visual interest.

 

Paint the walls green. If your walls are in need of a revitalizing refresh, choose Mother Nature’s neutral. We’re not talking about bright lime or neon green here, but rather a soothing shade of pale green or deeper olive hues. These shades exhibit calming properties, making them excellent color candidates for any room in the house. Not sure where to start? A Houzz study shows that green is a popular choice for kitchen walls and backsplashes.

 

Hang a photograph of nature. You can also welcome the outdoors in with a large-scale photograph of your favorite landscape. Blow up a personal picture from your travels or shop for awe-inspiring professional photos. Customize the mood by choosing a sunny field, a dark and mysterious forest or crashing waves on an ocean shore.

 

Carve out a skylight. Natural light has a plethora of positive effects from improving health to boosting productivity. This tip is especially helpful for those suffering from seasonal affective disorder. Installing a skylight or solar tube may be an ambitious task but will soon pay off in a wide variety of ways. If your roof doesn’t allow this configuration, expansive wall-to-wall or floor-to-ceiling windows are great alternatives.

The 2018 Home Upgrades for New Homeowners

The best way to personalize your space and give it a fresh, polished vibe is to make upgrades—big or small—that let your personality shine. Whether you’re ready to undertake a major remodeling project or only have the budget for a few modern touches, these DIY renovation ideas are a great place to start.

Welcome 2018 with an updated home that’s perfect for new beginnings and a lifetime of memories.

Make Your Kitchen Colorful

Gone is the popularity of a white, monochromatic kitchen. More homeowners are embracing bold accent colors on their countertops, backsplashes and cabinets, from vivid yellow and burnt orange to chic turquoise and dignified navy.

Another popular trend is juxtaposing the stainless steel appliances with warm, vibrant hues that make a space more inviting while keeping that sleek look.

  • Small budget: When repainting, choose a two-toned base. For example, “dark colors offset with lighter or brighter colors…offer visually entertaining and appealing levels of contrast,” advise the contemporary design experts at Interior Zine.
  • Big budget: Replace all appliances with stainless steel; then do the painting.

Upgrade Your Storage Space

Finding enough room to store seasonal decorations, filing papers, hardware tools, keepsake items, cleaning products and office supplies is a common struggle of homeownership. Luckily, there are a number of creative and resourceful hacks for increasing the amount of storage without reconfiguring your entire space.

  • Small budget: You don’t have to find room in your home for more storage—head to the garage first. Take advantage of the walls by hanging DIY peg boards and adjustable wall panels: “With the help of hooks, you have the freedom of hanging your things anywhere and any way you want: in the center, horizontally, vertically, at the bottom, or top,” suggest garage experts. 
  • Big budget: Invest in new furniture pieces that double as decorative and functional, like an old chest that you can keep in the living room or a coffee table with a storage space below.

Give Your Walls More Texture

Textured walls is a fun way to infuse character into any room, whether you’re into exposed brick, wooden shiplap, geometric molding or smooth tile. Walls are a blank canvas for experimentation, so harness your inner designer and play around with different materials or wallpapers that mimic the feel of those materials.

Note that you can combine more than one texture in the same room to create a particularly unique and artistic ambiance. For instance, a “grungy” or “rustic” wall could be adjacent to a “wavy design on the accent wall,” says Kareen Liez, civil engineer and architecture enthusiast.

  • Small budget: If you have unfinished drywall, use this to your advantage, with these ideas from Vintage Revivals or this idea from The Creativity in the Chaos.
  • Big budget: Go in all the way with high-quality wallpaper that creates texture with patterns or invest in the laundry list of materials needed to create your own exposed brick wall, for example. If your budget is flexible, there are many ways to tackle this project.

Re-Do the Garage Flooring

The garage has become an extension of a home’s living space that should be both aesthetic and functional. To take your garage to the next level, and turn it into a space you actually enjoy being in, start with the boring concrete floor—replace it with an epoxy coating.

This material is “noted for its durability and longevity,” according to flooring professionals. They explain: “With epoxy, you’ll enjoy protection against [mold] growth, as it offers a protective layer against moisture damage.” Not to mention, epoxy is also stain resistant and the surface repels chemicals, so if something spills, it won’t seep into your concrete.

  • Small budget: Take the DIY route and lay the epoxy flooring yourself. Use this tutorial from Family Handy Man to navigate through the process.
  • Big budget: Hire an epoxy company to handle the work, which can be done in one weekend.

Make the Space Your Own

A house is an expression of the people who live inside, so give your new home a splash of personality this year. You’ll feel great about the space and excited to show it off to your friends and family.

Creating the Perfect Home Gym for the New Year/New You!

 Home gym

2018 is here and we all know what that means! New Year’s resolutions have us motivated for healthier lifestyles. Instead of rushing out to buy a gym membership, I have a proposal. Why not invest in a home gym? Your home doesn’t have to be 20,000 square feet to accommodate the equipment you’d need to see your resolutions through. I can help you find space in just about any home to accomplish your home gym goals!

Considerations

Do you have space available to convert into a dedicated exercise zone?
What type of work-out routines would you be doing? Cardio, yoga, Pilates? (The latter are better for small spaces.)
What type of equipment do you already have? (I once watched Kelly Ripa use canned goods to do curls on LIVE! with Regis and Kelly. Think outside the box as far as equipment!)
What type of equipment do you need?
What type of tech do you need or already have?

 

Next Steps

After you have answered the questions above, it’s time to start implementing the next things you need to do to build your home gym.

  • Did you decide you have an area that can convert into a gym space? If so, great! You can move on to the next step. If not, maybe you should consider the more portable side of gym equipment.
    • - Examples of portable equipment: foldable treadmills, ab wheels, free weights, DVDs, yoga mat, and resistance bands. These are all great items that will help you “feel the burn,” and you can hide them away when you are finished using them.
  • Already have your home gym spot picked out? Great! You’re ahead of the curve! Need some home gym inspiration? Remember when we asked you what type of work-out routines you’d be doing? This is the time to recall that information and start putting it to use!
    • - Will you be doing cardio? Do you like the idea of stationary bikes? The tech sector has really upped their game and now you can connect via WiFi on your stationary bike to a class anywhere or find a “fitness on demand” class. A quick Google search can get you going in the right direction! Are treadmills or elliptical machines more your style? Mount a large screen “Smart TV” on the wall directly in front of where your machine will be. The TV will be a helpful distraction, and you’ll have your cardio finished in no time.
    • - Doing yoga? A yoga mat and a DVD can go a long way! I personally prefer the thicker mats, especially if you have hardwood floors.
    • - Doing Pilates? Again, a mat and a DVD can get you going, but there are also some really great programs online that you can connect to with your Smart TV. With Daily Burn, for example, you can stream hundreds of workouts and change up your routine with the click of a button.

A Few Last Tips

Not interested in investing too much money? Or are you still not convinced that these ideas would work for your home? Remember this, your workout can come from unlikely sources. Stairs, chairs, and walls are all excellent tools to get your sweat on. So while you’re thinking about health and fitness in the new year, lack of a home gym can no longer be an excuse.

 

 

 

Smartest Home Improvements for 2018



The 2018 Consumer Electronics Show was one for the books. This was my fourth year going and my biggest takeaway was that smart home tech is evolving at breakneck speeds. The smart home show floor was massive and each category from security to entertainment is getting saturated with truly amazing concepts and products. Here were some of our absolute favorites in case you missed them…


 

In addition to all of the awesome items mentioned above, here were even more of our favorite smart home improvements… 

Improving Your Smart Home’s “Brain”

What is the biggest downfall of smart home tech? To me, it is often the lack of one streamlined operating flow. With a ton of different apps and operating systems sometimes smart home tech can actually feel a little dumb.

The good news? At this year’s show it seemed like almost every single product integrated with Amazon’s Alexa or Google’s Home product. So the first smart home improvement you should make is picking one of these systems and finding products that sync with them. Which one is better? According to Forbes, Amazon is winning the race.

Improving Your Garage (and mental health)

Did you shut it?

Did you?

I can’t remember.

I’m pretty sure you did.

I am turning around…I have to check.

Have you had this conversation with their significant other or perhaps even yourself about your garage door? We have it at a few times a month at my house. That is why the Roost Smart Garage Door Sensor made my list. With a combination of home protection and peace of mind, this WiFi connected door sensor sends you a notification telling you if your door in open or closed. The biggest drawback though? If you did leave it open there is nothing it can do for you. Still a great product for those who get open door anxiety like me! Roost also has some other cool smart home devices you can learn about here.

This will be available sometime in the spring and will be priced at $40.

Improving The Safety In An Elderly Person’s Home

I believe there is no price you can place on the safety of a loved one. Especially when it comes to the safety of an elderly parent. If you

Improving Your Home’s Cleanliness

Over the past few year’s robo vacuum cleaners have gained popularity with products like the Roomba. If you enjoy having one (or have one on your wishlist) I have a feeling you’re also going to love the Cop Rose Window Cleaning Robot. Window cleaning is a tedious task and if you have pets or small children, it can feel like a never ending chore with little hand and nose prints everywhere you turn. This smart window cleaner will keep windows, as well as other vertical surfaces, in tip top shape with a touch of a button from your smart phone. It can also be used floors and walls. 

At $150, this product is a great way to avoid one of most dreaded household chores. More information here.

Improving Your Home Gym

Peloton has already built a cult like following around their bike product and and now they’re hoping to do the same around their new treadmill called the Peloton Tread. The fancy treadmill is equipped with a 32 inch touchscreen display that allows the runner to stream classes in a studio like setting from NYC’s best instructors. 

 The Peloton Tread comes with a hefty price tag at $4,000 PLUS an additional $39 monthly fee for live classes. It will start shipping this fall but you can reserve one now.

Bathroom Organization Ideas for Small Spaces

When you live in a small space, it’s important that every area be organized, functional, and attractive. The bathroom is no exception! Here are some bathroom organization ideas that will work for any living space, large or small.

Organize the Medicine Cabinet

Just because your medicine cabinet is closed doesn’t mean you can’t make it look good! Try to put things into attractive storage containers, rather than leaving them in whatever cardboard container they came in from the drugstore. For cotton swabs, floss, hair ties, and cotton balls, you can use little clear glass jars with lids. Though they should be small enough to fit in most medicine cabinets, you should still be sure to measure before you buy! With these clear containers, everything’s in plain sight, so you’ll be able to see when you’re running low on an item. Plus, they look better since they’re all matching. For items that you don’t want in plain view (like feminine products or miscellaneous makeup), you can use pretty makeup bags like this one from Kate Spade.

Add Storage Containers

Your bathroom may have open shelving. This is great for space-saving, but since it’s out in plain view, it’s especially important to keep it organized. Two bathroom organization ideas for open shelving include:

  • Corralling similar items
  • Using attractive storage containers

What kind of storage containers work well for open bathroom shelving? Use some of these ideas.

  • If you don’t have the space in your medicine cabinet, these clear jars can be used for cotton balls or swabs, and they’ll look great on open shelving or a counter.
  • Multi-sized wicker baskets can hold hairbrushes, curling irons, and other larger items that look best when hidden away. The larger-sized basket can hold toilet paper, paper towels, or cleaning supplies. Remember to measure your space to determine which basket will fit!
  • Another important detail is to cover your tissue box with an attractive tissue holder — no one wants to look at the generic cardboard container that tissues come in! Jonathan Adler has an absolutely stunning option, and West Elm has many more budget-friendly options.

Shower Curtain

Choosing an aesthetically pleasing shower curtain is important, but don’t forget to take into account your shower curtain liner. Many vinyl liners are unhealthy in that the plastic gives off chemicals that are dangerous for the environment and for your health. This is easily fixed by choosing a more eco-friendly and healthy option.

Having an organized and attractive bathroom in any space is easy if you follow these quick tips and pay attention to the small details!