Is the Home Office on Its Way Out?

Daily Real Estate News | Thursday, December 29, 2016

The home office is becoming less important to homeowners, even though more people are working from home now than ever before.

Homeowners are finding less need for a central space for their work, according to a recent article in Bloomberg. Developers are realizing the change and are adopting house plans to accommodate the greater desire for open spaces instead. They’re adding in workplace nooks and power stations rather than an entirely separate space to work from.

Homeowners’ needs for a dedicated office with a big computer, fax, and printer are fading. Workers are no longer tethered by a cord and are favoring laptops and mobile accessories to do their work. That allows homeowners to take their work anywhere around the home, from their kitchen and living room to their bedroom.

This helps explain why “the bigger, more ornate home offices that we once did have kind of gone away,” says Tim Shigley, a home remodeler in Wichita, Kan. “People started saying, ‘Do I need a home office? I have other things I want to buy.’”

The home office may be losing its power as a selling point too. Mentions of home offices on real estate listings have dropped 20 percent over the past year, according to Zillow’s chief marketing officer.

The loss of the home office may be generational, however. A 2016 John Burns Real Estate Consulting survey showed that half of older adults still prefer to have a dedicated home office space. Younger adults, on the other hand, say they don’t care about having a home office as much.

Some owners are adapting the home office into other types of spaces. “It seems like people I know are bringing in a big-screen TV and a comfy chair,” Pete Reeb, a principal at John Burns, told Bloomberg. “While the kids are playing video games in the living room, Dad is watching football in his office.”

That said, there can still be a tax benefit to keeping that dedicated home office for those who do work from home. Owners and renters may be able to write off insurance, utilities, and other home office expenses on their taxes.

Source: “The Home Office Is Dying,” Bloomberg (Dec. 7, 2016)

“Copyright National Association of REALTORS®. Reprinted with permission.”

 

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10 States With Best Economic Prospects

Daily Real Estate News | Wednesday, December 28, 2016

North Dakota tops a list of states poised to have the healthiest economies in 2017, followed by Oklahoma and Texas. The list was compiled by business solutions site ExpertMarket.com, which culled data on housing, employment, and other trends in all 50 states. North Dakota had the highest growth in startup density of any other state, seeing an average increase of 5.56 percent in new business activity, according to the site. Its residents are also seeing the biggest growth in household incomes, with an average increase of 4.1 percent.

“There has been a huge surge in oil extraction in North Dakota, which has led to a steep rise in GDP growth and household income, which explains how they managed to take the top spot,” says Bobbi Brant, an ExpertMarket.com researcher who authored the site’s study.

States that topped the list represent those that have recovered from the recession the fastest and are continuing to see strong growth. “States that came out on top in our study have a bright future ahead of them, especially for 2017,” Brant says.

These are the 10 states that topped ExpertMarket.com’s list for strongest economic outlooks for 2017:

  1. North Dakota
  2. Oklahoma
  3. Texas
  4. Michigan
  5. California
  6. Montana
  7. Ohio
  8. Washington
  9. Minnesota
  10. Massachusetts

Source: “These Are the States with the Best Economic Prospects for 2017,” Fast Company (Nov. 30, 2016)

“Copyright National Association of REALTORS®. Reprinted with permission.”

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Garage Makeovers: The Final Frontier?

Daily Real Estate News | Tuesday, December 27, 2016

The garage is usually an afterthought, overstuffed with tools, seasonal supplies, and miscellaneous household goods. But more home owners are sprucing up the space, even seeking to transform it into a showpiece, according to The New York Times.

Real estate brokers say a finished garage adds value and may help improve potential buyers’ impressions of the home overall. “I don’t think you have to take it to the nines, where you have heated floors,” says Libbe Pavony, a real estate professional with Houlihan Lawrence in Briarcliff Manor, N.Y. “But the garage is a reflection on how you maintain your home in general. Some people take their old kitchen cabinets and attach them to the walls.”

Renovations can cost anywhere from a few thousand dollars to up to $50,000. For remodels, contractors say they’re installing drywall, custom cabinetry, wall-length storage systems, and new flooring. Organizers advocate the use of hooks to hang tools, bicycles, patio chairs, and ladders, with the idea being to get everything off the floor.

“It’s such a perfect example of conspicuous consumption and keeping up with the Joneses,” Elizabeth Currid-Halkett, a professor of public policy at the University of Southern California and the author of the forthcoming book, The Sum of Small Things: A Theory of the Aspirational Class, told The New York Times. “But there’s also a virtue of organization and cleanliness. Being organized shows that you are an upstanding citizen.”

The New York Times calls these garage renovations the “final frontier in remodeling.”

“The people who spend serious money on their garages are the ones who have already done everything else to the house, and they’ve got nice cars,” says Paul Greskovich, the owner of Garage Craft Interiors. “They suddenly realize that possibly the biggest room in the house is a debris field.”

Source: “Final Frontier in Home Renovation: Giving Garages a Makeover,” The New York Times (Dec. 26, 2016)

“Copyright National Association of REALTORS®. Reprinted with permission.”

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Home Shopping Mistakes to Avoid in Winter

Daily Real Estate News | Thursday, December 22, 2016

Winter can be a great time to snag a deal in real estate. But there are several pitfalls your home buyers will want to watch for at this time of year. Here are a few:

Accumulating too much holiday debt.

The holidays can be an easy time to add on more debt. But if you’re in the process of buying a home, you need to make sure you don’t add on any more debt. “Even if your credit is in good standing, suddenly racking up a ton of holiday shopping debt will change your debt-to-income ratio and potentially negate your pre-approval,” warns Alicia Brison, a real estate professional in Sacramento, Calif.

Not seeing past all the winter blahs.

Homes don’t always look the best in the winter. Bare tree limbs and dead grass isn’t the best for curb appeal. But buyers need to think past the gray backdrops and envision what the home looks like at other times of year so they don’t miss out on a great house.

Oblivious to closing date delays.

The winter can pose several delays to closing, particularly for new builds or anything that needs to be fixed on the home. Be prepared. “While many trades will work through winter, there are certain processes that cannot be completed during heavy snowfall or dramatically low temperatures,” Luke Sahlani, the lead project manager and director of Sensus Design & Build, told realtor.com®. “This can be frustrating and particularly problematic if the home buyers’ closing date on their current home is coming up quickly.”

Making lowball offers.

Don’t assume you can always score a discount just because it’s the winter months, when the real estate market tends to slow. “A lot of buyers assume they can get a better deal in the winter because [fewer] people are competing,” Brison says. “That’s not usually the case. Inventory is lower, so the number of people who are competing is smaller.”

Source: “6 Killer Mistakes You Can’t Afford to Make When Buying in the Winter,” realtor.com® (Dec. 21, 2016)

“Copyright National Association of REALTORS®. Reprinted with permission.”

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The Nation’s Fastest-Growing States

Daily Real Estate News | Wednesday, December 21, 2016

Utah is officially the fastest-growing state in the nation. The population there surpassed 3 million last year, an increase of 2 percent from July 2015 to July 2016, new Census data shows.

“States in the South and West continued to lead in population growth,” says Ben Bolender, chief of the agency’s population estimates branch. In 2016, about 38 percent of the nation’s population lived in the South and nearly 24 percent lived in the West.

The Census’ report shows the following states saw the largest percentage increases in population from 2015 to 2016:

  1. Utah: 2% growth
  2. Nevada: 2%
  3. Idaho: 1.8%
  4. Florida: 1.8%
  5. Washington: 1.8%

North Dakota had been the fastest-growing state for the last four years, partially due to the booming oil market there, but has since fallen out of the top 10 completely as energy prices decreased.

Illinois saw its population decrease the most compared to any other state, falling by 37,508 in the past year. Pennsylvania, New York, and Wyoming also saw its populations decrease.

Overall, the U.S. population increased by 0.7 percent to 323.1 million.

Source: “Census: Utah Leads All States in Growth in 2016,” BUILDER (Dec. 20, 2016)

“Copyright National Association of REALTORS®. Reprinted with permission.”

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7 Tips for a Perfect Holiday Home for Not-So-Perfect People

Here’s how to cope with your never-ending to-do list.

Whoa, December.

You have 27 holiday parties to attend, a nine-hour baking marathon, and oh yeah, the kids are out of school and underfoot.

Spending time on your house is just not a priority right now. Instead of aspiring to be Martha Stewart’s protégé, we recommend unabashedly cheating your way through the holiday season. “Martha Stewart has staff,” says professional organizer and organizing coach Melinda Massie. “Stop the psychological torture of comparing yourself to her.”

Here’s how to keep your home respectable with minimal trauma (and maybe even enjoy the season while you’re at it).

1. Embrace the List

Begin the holidays with a brain dump, listing every single itsy-bitsy, annoying task you need to handle between now and New Year’s. Taxes? Dealing with child care? Decorating your front yard? Buying gifts? Cleaning the windows? The Q4 rush back at the (sigh) office?

Then, “go back through the list and remove everything that you don’t have to do,” says Massie.

Prioritize the home-related tasks that actually matter and ditch the ones that go beyond surface  cleaning your guests might notice. Feel free to cackle with glee as you cross off “mop the upstairs bathroom.”

2. Cheat Your Way to a Great-Smelling Home

Great-aunt Tilda’s rosemary roll recipe always makes the house smell lovely — but who has time for all the kneading and rising in December?

There’s an easy way to give your house that just-baked scent: Simmer vanilla, lemon, and thyme in a pot on the stove — no baking needed.

Even better, make your sneaky simmer part of the party. Massie recommends warming something delicious in your Crock-Pot. Try mulled cider, which requires only apple cider, a few spices, and rum or brandy — if you’re feeling daring.

“This will make the whole house smell good while not taking up an extra burner on the stove, and give you something delicious to enjoy,” Massie says.

3. Don’t Sweat Your Kids’ Mess

“Let go of putting every single toy away each night before bed,” says Didi Wong, an integrative wellness and life coach.

“The kids are on vacation, and when they wake up, the fun begins all over again,” she says. So let junior relish in his freedom and scatter his toys across his room or some other designated area. That’s at least one less battle a day, right?

4. Focus on the Obvious When You Clean

OK, that’s stating the obvious. But sometimes you need to give yourself permission for everything to not be perfect.

“Of course you want a clean home, but you don’t need to clean every closet and shelf,” says professional organizer Robyn Reynolds.

Instead, focus on the places your guests will see and use. Clean hand towels in the bathroom along with a sparkling sink and toilet will give the impression your entire home has been deep-cleaned recently — even if there is a bit of dust on your coffee table.

5. Outsource Some Jobs

You might be a die-hard DIYer, but that doesn’t mean you have to do everything.

“Outsource anything you’re not good at or comfortable with,” says Massie. “The investment will be well worth the savings of time and sanity.”

Professional cleaners can do in a few hours what would take you days. And if you really want those lights strung outside, there are people for that, too. So maybe you spend a little less on gifts this year, but more on your family’s ability to enjoy home over the holidays. Totally worth it.

Outsourcing doesn’t always have to have dollars attached. It could be teaming up with friends and family. Maybe a friend of yours who’s got that handyman knack but no baking skills will be willing to string your lights in exchange for some holiday treats you’re making anyway? That’s a win-win.

6. Give Artificial Trees a Chance

It’s time to get over your holiday tree nostalgia. Sure, tromping out to the woods with dad to pick out the perfect fir was a delight, but back then, you weren’t the one who had to keep the thing watered all month and sweep up the fallen needles every night.

Artificial trees come in a variety of natural-looking shapes and sizes. Or go all out with silver, gold, even fluorescent pink! Bonus: When you reuse the same tree year after year, you’re actually doing something nice for the earth (especially if you buy yours secondhand). Miss the evergreen smell? That’s what scented candles are for.

7. Keep It Real

If your big family dinner comes and the ham is on fire and your dog peed in the living room and little Mackenzie won’t stop banging her darn blocks against the window, don’t panic. Wonderful days have been salvaged from worse. Guests only care that you’re together.

“If you approach the event with good intentions, it may not turn out to be exactly what you envisioned, but your family and guests will still thank you and be appreciative of your time and effort in putting together such a wonderfully festive get-together,” says Wong.

It’s time to get over your holiday tree nostalgia. Sure, tromping out to the woods with dad to pick out the perfect fir was a delight, but back then, you weren’t the one who had to keep the thing watered all month and sweep up the fallen needles every night.

Artificial trees come in a variety of natural-looking shapes and sizes. Or go all out with silver, gold, even fluorescent pink! Bonus: When you reuse the same tree year after year, you’re actually doing something nice for the earth (especially if you buy yours secondhand). Miss the evergreen smell? That’s what scented candles are for.

“Visit HouseLogic.com for more articles like this one by Jamie Wiebe. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.”

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Holiday Décor Tips and Tricks for Sellers

Daily Real Estate News | Thursday, December 08, 2016

Some home sellers use the holidays to showcase the warmth and character of their home to potential buyers. But they need to be careful not to cover up their home’s finest attributes with their festivity.

Read more: Rules for Tasteful Holiday Décor

A recent article at Houzz provides some of the following tips for holiday decorating when your home is for sale:

Watch the size of the decorations. Displaying large multipiece holiday decorations on your fireplace, for example, may cover up this important selling feature. Ask yourself: Does this piece positive showcase the space, light, and charm of the room? Or does its large size distract from it? This includes the Christmas tree. Owners may want to choose a smaller size when they’re selling because larger trees and decorations can make a room appear smaller, notes Houzz columnist Neila Deen.

Don’t block the light. Make sure the holiday décor doesn’t cover up any natural light from windows and doors. Sure, owners love to display their Christmas trees in front of windows so you can see it from the outside. But they need to realize that they could be covering up a picturesque window as well as making a room appear darker. Instead, place the tree far away from the window so that it isn’t blocking any natural light from flowing in.

Coordinate colors. Keep the holiday décor in line with the room’s overall color-coordinated design. If the holiday decorations clash with a current color scheme, don’t use them. Metallics – gold, silver, or copper — are a good way to add holiday décor accents without fears of clashing. White also can be a good choice. Consider swapping out multicolored tree lights with sparkling white lights for a more elegant choice, Deen notes.

Source: “The 7 Do’s of Holiday Decorating When Your Home Is for Sale,” Houzz (Nov. 26, 2016)

“Copyright National Association of REALTORS®. Reprinted with permission.”

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6 Things Everyone Should Do When Moving Into a New House

Skip potential trouble by doing these 6 things

When I bought my first house, my timing couldn’t have been better: The house closing was two weeks before the lease was up on my apartment. That meant I could take my time packing and moving, and I could get to know the new place before moving in.

I recruited family and friends to help me move (in exchange for a beer-and-pizza picnic on the floor) and, as a bonus, I got to pick their brains about what first-time homeowners should know.

Their help was one of the best housewarming presents I could have gotten. And thanks to their expertise and a little Googling, here’s what I learned about what to do before moving in.

  1. Change the Locks

You really don’t know who else has keys to your home, so change the locks. That ensures you’re the only person who has access. Install new deadbolts yourself for as little as $10 per lock, or call a locksmith — if you supply the new locks, they typically charge about $20 to $30 per lock for labor. Complete this must-do safety task after moving into your new home.

2. Check for Plumbing Leaks

Your home inspector should do this for you before closing, but it never hurts to double-check. I didn’t have any plumbing leaks to fix, but when checking my kitchen sink, I did discover the sink sprayer was broken. I replaced it for under $20.

Keep an eye out for dripping faucets and running toilets, and check your water heater for signs of a leak.  Here’s a neat trick: Check your water meter at the beginning and end of a two-hour window in which no water is being used in your house. If the reading is different, you have a leak.

3. Steam Clean Carpets

Do this before you move your furniture in, and your new home life will be off to a fresh start. You can pay a professional carpet cleaning service — you’ll pay about $50 per room; most services require a minimum of about $100 before they’ll come out — or you can rent a steam cleaner for about $30 per day and do the work yourself. I was able to save some money by borrowing a steam cleaner from a friend.

4. Wipe Out Your Cabinets

Another no-brainer before you move in your dishes and bathroom supplies. Make sure to wipe inside and out, preferably with a non-toxic cleaner, and replace contact paper if necessary.

When I cleaned my kitchen cabinets, I found an unpleasant surprise: Mouse poop. Which leads me to my next tip …

5. Give Critters the Heave-Ho

That includes mice, rats, bats, termites, roaches, and any other uninvited guests. There are any number of DIY ways to get rid of pests, but if you need to bring out the big guns, an initial visit from a pest removal service will run you $100 to $300, followed by monthly or quarterly visits at about $50 each time.

For my mousy enemies, I strategically placed poison packets around the kitchen, and I haven’t found any carcasses or any more poop, so the droppings I found must have been old. I might owe a debt of gratitude to the snake that lives under my back deck, but I prefer not to think about him.

6. Introduce Yourself to Your Circuit Breaker Box and Main Water Valve

My first experience with electrical wiring was replacing a broken light fixture in a bathroom. After locating the breaker box, which is in my garage, I turned off the power to that bathroom so I wouldn’t electrocute myself.

It’s a good idea to figure out which fuses control what parts of your house and label them accordingly. This will take two people: One to stand in the room where the power is supposed to go off, the other to trip the fuses and yell, “Did that work? How about now?

You’ll want to know how to turn off your main water valve if you have a plumbing emergency, if a hurricane or tornado is headed your way, or if you’re going out of town. Just locate the valve — it could be inside or outside your house — and turn the knob until it’s off. Test it by turning on any faucet in the house; no water should come out.

By: Courtney Craig, an Atlanta-based writer and editor.

“Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.”

 

 

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Kitchen Color Schemes: Avoiding Kitschy Colors

The never-regret kitchen starts with the right hues

The kitchen is the heart of the household, a place where you prepare meals and make memories. So it only makes sense that your kitchen’s color scheme reflects your unique tastes and personality, right? The answer to that is yes — and no.

Although there may be a special hue that gets your heart thumping, there are many reasons why it makes sense to opt for a neutral palette in your kitchen. Many design professionals agree that using shades like white, beige, or gray as the foundation for your kitchen not only open up a spectrum of colorful possibilities, but enhance the value of your home. “Timeless colors are perfect, whether for resale or for your dream home,” says Jackie Jordan, Dallas-based director of color marketing for Sherwin-Williams. “Your kitchen won’t suffer from this-looks-like-it-was-done-in-the-90s comments if you opt for a neutral palette.”  “It’s a space where potential buyers envision themselves spending a lot of time,” agrees Sue Pelley, spokesperson for Decorating Den Interiors in Easton, Md. Thus, although you may believe your purple cabinets are divine, others may think they’re dreadful. And that, she says, can be a real barrier to a sale.

The Versatility of Neutrals

But does going soft and natural mean you have to stifle your inner Van Gogh? Not a chance.

“A neutral kitchen is the perfect canvas to personalize as your tastes change,” says Jordan. “It gives you the opportunity to accessorize with fun rugs, dinnerware — even just a fresh vase of flowers to liven things up.”

“I love being able to change moods with colors, often inspired by the changing seasons,” says Wendy F. Johnson, a certified kitchen and bath designer based in Manchester Village, Vt. “Neutrals can provide the base for a huge range of related or contrasting colors to be used with them, from bright and saturated to peaceful, muted hues.”

Texture also adds enormous impact to a neutral kitchen. A combination of materials from rough to smooth and matte to high gloss creates visual contrast and reflects light differently throughout the day, says Johnson. “For example, you can mix barn wood walls and satin painted drywall, white oak cabinetry with glass insets, lustrous concrete countertops with a stone tile backsplash. These might all be in the same tones, but there is nothing boring here.”

Using Color to Complement Your Kitchen’s Size

Your kitchen’s square footage is another important factor to consider when choosing a color palette. If the space is small, opt for paler hues for cabinets, walls, and countertops. Shades of white, bone, or cream reflect light and help a tiny kitchen feel brighter and more spacious.  Neutrals are also a great choice for kitchens that open up to other rooms, notes Pelley. “If your kitchen is part of a great room design, remember that any new paint will need to work with the color schemes in those rooms, too.”

Non-Permanent Ways to Add Pops of Color

Rather than committing to a single color scheme, a neutral kitchen lets you sample the rainbow. One option is to choose coordinating window treatments and chair cushions to liven up the space, says Johnson. An eye-catching poster, multihued area rug, or a collection of pottery displayed on a shelf all add personality to your kitchen and are easy to change when you’re ready for something new.  Paint is another low-cost way to incorporate a pop or two of color into a neutral room. You can grab a brush and paint your kitchen chairs or counter stools, or add a bright hue to the interior of a glass cabinet. Ready for something bigger? Consider rolling a bold shade on a single wall to create lively contrast in an otherwise single-color space.

Top Neutral Color Schemes

Neutrals may be timeless, but there are some combinations that look especially fresh. “I love warm grays and whites — always have,” says Johnson. “There are so many natural materials available in these tones that mix together beautifully, and all colors look gorgeous against this type of palette.”

Sherwin-Williams’ Jordan also favors white and light grays in a kitchen. “It’s a sleek and modern combination that works perfectly with the ever-popular stainless steel appliances and subway tile.”

When it comes to a big-ticket item like a kitchen, it makes sense to choose a palette that will endure for the long term, says Johnson. “Those of us who thrive in colorful surroundings will groan at this, but even we need some soft, peaceful environments sometimes.”

Visit Houselogic.com for more articles like this.  Reprinted from Houselogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®.”

 

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