Home is more than four walls and roof. Home is a door opening to you, your family, your pets, your lifestyle, your neighborhood, your community, your city. It’s all encompassing on so many levels.
Flying the Coop
Downsizing has many up sides, but is it right for you?
So your nest is empty, but is downsizing right for you? The kids just graduated from college and you are now looking at life from a different lens. It is a lot to think about getting rid of a home that holds memories and space that you’ve been accustomed to for some time, so where to begin and is it the right choice for you?
Manageability. Do you really need a 3,000 sq ft of home at this time? Maybe you want something that is lower maintenance that won’t require as many man hours to keep up, like the yard and the cleaning and the home improvements on an older home.
Location. Location. Location. I’ve recently noticed a lot of older individuals moving into more urban properties. Perhaps you’ve grown weary of your evolving neighborhood. Maybe there aren’t a lot of activities to do there and you are looking for more walkability. Location is important when you are wanting more out of your home.
Absent but not Absent Minded. You are finally ready to go on your own adventure and whether it is traveling the world or becoming the snow bird you’ve always dreamed of, selling your home could be part of that equation.
Cash Prize. Downsizing could be a smart move if it makes for a lower mortgage payment. Extra cash means extra fun for you or pragmatically, strategize your long term care plan. It can also reduce utility bills and reduce unnecessary clutter.
Help Out the Youth. With inventory as low as it has been, buyers are eager to snatch up real estate as though it was the last roll of toilet paper during Covid times. Consider the ease of selling.
It Ain’t Just for the Old. Anytime anyone mentions downsizing, the image of an elderly couple waving goodbye to their children conjures, but honestly you may be downsizing for a variety of reasons including divorce, financial distress, or a change in lifestyle.
I Can Drive at 55. 55 is not an age I consider old, especially since I’m so close to it. Downsizing to a 55+ community could be an opportunity to make new friends, have some nice amenities, lower maintenance, and enjoy lower costs.
There are many reasons for downsizing and depending on where you are in your life will determine if this is the best option for you. It is time for you to dream and think of all the possibilities of not being tied down to something you may have needed out of necessity. I’m always here to help and ease the transition.
Real Estate Predictions for 2022
You’ve heard it all before and now their playing the same tune, but 2022 housing market is still going to be a strong one.
Well here we are in a hurry for the end of another weird and wacky year. I’ve answered the “So, how’s the market doing?” question a bazillion times this year and always with the same answers:
“Yes, Margaret the market is still hot and remains a seller’s one!”
”Yes, John lots of buyers, but scarce inventory.”
”I’m sorry, Paige, but you did just lose your 11th offer in a week, you wanna try for 12?”
”Yes, Bill, New Yorkers and Californians are richer than you and have a wad of cash in their vests.”
“Yes, Trina, if you want this house you have to bid xyz over and waive all inspections.”
From Keeping Current Matters
It’s been brutal to say the least. I’m not complaining, I mean I did very well during Covid considering and my buyers did find their dream homes, but I do feel for all my first time home buyers. That’s why I advise to start planning ahead if you want to find home.
What does it look like in 2022? Pretty much the same. We are starting see the rise in mortgage rates and a competitive job market which will only lead to higher demand. Additionally, housing prices will increase by as much as 3%. I foresee an uptick in gentrification in metro areas and still more millenials moving to suburban areas. Rent prices are also continuing to rise making demand for home ownership more desirable amongst the younger generations. I generally think we’ll be seeing more of the same with demand high, inventory low, and more big city transplants.
2022 will see the slow rise of housing prices and even through the slower, cooler months we are seeing lots of activity. If you own land, I suggest getting the most out of it— build a smaller property to provide short term rental or sell a parcel you can spare. As I’ve preached before, Winter is a favorable month to buy due to a decrease in competition while having the ability to take your time while searching for a home. So no Karen, the housing market isn’t slowing down one bit.
If you’d like to know more about thriving areas or information on the value of your home, please feel free to contact me!
The Colors of My Life
Colors are so powerful when it comes to setting a mood, selling or buying a house, or capturing a feeling…
All My Colors (in order): My house exterior, My house interior, the velvet blue furniture I’m dreaming of, the black that comes with the Aston Martin, and Valentino red I love to don as frequently as possible.
You know when you’re dreaming and something catches your eye and it leaves you with such a desire that you want it to become part of you? That’s how I feel about color. I’m sure all you design freaks are in the know that Pantone chose not one, but two colors of the year for 2021. I guess since 2020 was such a dull grey that had to spice things up. Funny enough they chose Illuminating Yellow and Ultimate Gray, how contrary and a good depiction of the past and future.
“Sherwin-Williams sets revenue records as DIY paint sales jump during pandemic.”
I’ve always found yellow to be an abhorrent color. I felt the only places it looked good on were lemons, bananas and the sun, but I’ve started to warm up a little to certain shades. Anyone who is familiar with my brand, knows I am a color loyalist — red and black will most likely be my go-to when choosing representation and clothing. My mother hated my goth phase in high school, “You know in Panama prostitutes wear black!” It gave me great satisfaction putting a sole red bandana in my hair to satisfy her discontent. I did however go through a strong purple phase, especially with hair colors (mom loved that). Each time I wear red I am complimented highly. It suits my passions, my culture, and my eye. Black, well, black says bold, it makes a statement that is serious, yet chic and I like that. I think after my obsession of wanting to fit in, becoming a slave to the United Colors of Benetton, it only seemed logical that my rebellious side take over, leaving black as my only option to convey how I was feeling (angsty) and besides, what color displayed The Cure and Depeche Mode better?
The memory of color is etched in my brain. I can remember the shade of green our 1970’s leather living room couch wore and I remember the electric blue hot pants my neighbor wore on her first day of high school. I recall only choosing the Midnight Blue crayon to shade my Fashion Plates’ designs until it diminished, unusable, and wished they had more than one in there. I still love that color to this day. I know I cringe at the sight of pastels, and coral seems to incite a certain gag reflex in me. I met a girl once who had Synesthesia and I was so fascinated that every time she would see or think of numbers it was a different color. I giggled as I asked her what painting by numbers was like. When I used to see gold in homes, it used to make me think of chintzy, gaudy things, now it has become a marketable trend. I think it’s safe to say that colors can remark an era of time, think turquoise and yellow kitchens of the 1950s, but who knew that a shade of pink could define an entire generation?
Color invokes emotion, memory and sets a mood. It is a factor in why some houses sell and others don’t. If I do a walkthrough for an upcoming listing and the walls are painted with an unattractive color, I tell them they need to paint. I’ve had clients pass on a bid because they didn’t like the color of the house, even though they could very well paint it the color of their dreams. I showed a house once that had a beautiful dining area with Emerald green accented walls accompanied with vintage wallpapering. I had to remind my clients to see the rest of the house before putting an offer, they loved that room so much.
We, as Agents, tend to steer listers towards neutrals, but I don’t hesitate to add color as a future option for my purchasers. It helps them set an individual tone to their home and envision what it could be. We are currently in a moody, vivid trend with home paint colors, which I am loving. I like to see a bathroom that’s painted black with brass fixtures, or a dining room that has a darker shade of blue on it’s walls. I think it pops and creates a unique atmosphere. When I lived in New York, I painted the living room this burnt sienna color and had warm hues and textures adorning it, think Morocco. We never had a guest who stayed awake in that room, there was always at least one person who fell asleep peacefully in a room full of people. I was proud to create that reaction because it meant my home was that comfortable.
Photo by: Homes & Gardens
Trends or no trends, color is an important aspect to home. It helps us express who we are and how we want others to feel. It’s powerful in it’s aesthetic and what it does to your psyche. I view color the way I view art, I feel it. If I walk into a room and I see Drunk Tank Pink, I’m going to instantly hurl. As you can deduce, pink is not my favorite color. Technology has made it so easy to create colors that are one of a kind or mock that of a bird or a classic car you love. So much inspiration, so little space! So, as the weather starts to warm up and you’re making your list of home improvements this Spring, think about how you want your house to look, inside and out. If you are thinking about selling this year, it’s a perfect time for you to be picking out your curb appealing shades. In the meantime, enjoy the blue skies, golden sun, and budding greens we are currently having, we’re due for a more colorful kind of year, no?