Mike Murillo and I had another fun on-air-interview at WTOP News this past Sunday. We discussed an online list he found published that talked about ways that buyers “annoy” sellers during the purchase process. Personally I did not find the list to be “annoying” but certainly understood how these actions could be “frustrating” for some. With a light hearted attitude we reflected on the topic. You can listen to the live interview in it’s entirety by clicking on the WTOP logo at left.
I had fun with Mike Murillo, news anchor, at WTOP while live on the air discussing a less serious topic than normal. This week we talked about information that is often not included in a listing that buyers crave. What can sellers add to the listing information to draw more buyers in? You can listen to the interview in it’s entirety by clicking on the WTOP log at left.
Low housing inventory in many areas of the country is causing many buyers to turn their attention to new homes in growing housing developments. Here are some of the benefits of buying a new home.
1. The home is tailored to your specifications. Not only can you customize the paint color and flooring, you may also be able to work with the developer to choose layout of the home that will maximize its flow to fit your needs.
3. Warranty. Most home builders include warranty to take care of any repair work that might become necessary in the first year.
4. New homes are smart; features include hard-wired smoke detectors, and can accommodate structured wiring, security systems and your electronics as well as green appliances.
5. Building codes require increased energy efficiency and tighter-sealed building envelope to keep your home cool in the summer and toasty warm in the winter.
6. You’re part of a growing community. Many subdivisions offer amenities that encourage neighbors to connect with one another, from common areas to organized block parties.
7. You may be able to get a better deal. Home building companies may be more open to negotiating a deal, and may offer other perks if the home is financed through their own mortgage company.
Thought I’d share this great article I read from Realty Times.
One of the biggest reasons that people buy homes instead of continuing to rent is to have more space.
But the cost of buying with little money down or to move up to a better neighborhood could mean a compromise on space.
Many older homes, particularly those built before the 1990s, average less square footage than newer homes. One way homeowners get more space is by converting the garage.
The average garage is approximately 20 by 20 feet. Converting it gives you approximately 400 more square feet of living area.
The location of the garage is ideal. It’s already under the roof and walled on three sides, making it relatively inexpensive to remodel as a den or a guest suite.
And that’s where your plans can go wrong.
Unless you remodel the garage from the outside, it will always look like a conversion. The driveway will lead to,,, a wall, so it will have to be remodeled, too.
You’ll have problems on the interior, too. The floor will be lower than the rest of the house because it’s a concrete slab. It isn’t insulated like the rest of the house, so there will be a noticeable difference in sound absorption and temperature.
Where you’ll encounter the most difficulty is in determining your home’s value. When you purchased the home, you paid so much per square foot. Only living space is counted, which doesn’t include the garage, porch or patio, even if they are under the roof.
You’ll get more living space for less per square foot, but when it comes time to sell your converted home, get ready for mixed reactions from buyers. Many will refuse to even look at your home. They want the security, storage, and utility of a garage.
Others will consider your home but they will punish the lack of a garage with a low offer. Some will refuse to count the square footage of the garage as equal to the rest of the house. Others will deduct the cost of reconversion or building a new garage in their offer.
No matter how you count it, square footage added at the cost of a garage isn’t worth it.
Read Full Article: RealtyTimes
I’ll be holding it open this Sunday, June 29, 2014 from 1-4 pm.
To view full photo gallery of this home click on the image below:
Sun-drenched classic Chevy Chase Bungalow features five bedrooms, three full baths on three levels. With a gorgeous pebble grit stucco exterior and inviting front porch this home beckons you into a “larger than it appears from the outside” interior full of versatile spaces, high ceilings, hardwood floors and character. The gourmet kitchen/family room addition/renovation is the centerpiece of this lovely home, opening up to the back deck which overlooks a fenced in back yard. Acclaimed Lafayette Elementary School and Broad Branch Market are just two blocks away. With easy access to Metro and Metro bus this home is a commuter’s dream. Whether entertaining indoors and out, sitting on the front porch watching the neighbors walk by or just strolling through this gorgeous neighborhood one will quickly come to appreciate the conveniences and amenities this home and locale have to offer.
The master bath takes center stage. 60% of homeowners who are renovating their bathrooms are renovating their master bathrooms, with 61% choosing to start from scratch after gutting the existing room.
Who needs a bathtub? The older the homeowner, the more likely they are to skip a bathtub in master and other full bathrooms.
*59% of homeowners aged 65+ plan to skip a tub in the master or other full bath.
*36% of 25 to 34 years old plan to skip it in the master.
*39% of 25 to 34 years old plan to skip it in another full bathroom
Top 3 types of tubs for bath lovers:
1. Freestanding tub
2. Drop-in tub
3. Spa or jetted tub
One sink or two? 91% of homeowners are replacing their master bathroom sink.
45% of homeowners aged 25 to 44 are installing two sinks, 58% of homeowners aged 45+ are installing two sinks.
Glass rules the master bath. 79% of homeowners prefer glass shower doors over a shower curtain.
Greener flushing. 91% of homeowners are installing high-efficiency toilets.
White cabinets are the top choice for renovations. However, dark and medium wood tones are also popular.
The top 3 wood choices.
Gorgeous Capitol Hill one bedroom condo with hardwood floors throughout. Gourmet kitchen with granite and stainless steel appliances. Open floor plan, washer and dryer in unit. Outdoor space in back. Close to metro. Wonderful unit all around. Pet Friendly!
Lynette Alexander – Long and Foster will be holding it open this Sunday, June 15th from 1-3 pm.
To view full photo gallery of this home click on the image below: