Tag Archives: Real Estate

#MicroHouse #Tinyhomes #Trends #Minimalist #Millenials #ReginaSingh

tinyhome

From the architect. The Micro-house is based on the minimum space people need for basic indoor movement, such as sitting, laying and standing. The form of the Micro-house is designed to act as a combination of furniture and architecture elements. When being rotated, the unit of the Micro house will shift its space which contains all kinds of housing activities, such as resting, working, washing and cooking, etc. The Micro house unit can not only be used as single- functional room, but also can be grouped together as a housing suite, or even residential cluster.

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#TinyHouses #MicroHousing #Architecture #Minimalist #Millenials #ReginaSingh

tinyhome

Following a successful pilot launch in Boston and $1 million in venture backing, a startup company called Getaway has recently launched their service to New Yorkers. The company allows customers to rent out a collection of designer “tiny houses” placed in secluded rural settings north of the city; beginning at $99 per night, the service is hoping to offer respite for overstimulated city folk seeking to unplug and “find themselves.” The company was founded by business student Jon Staff and law student Pete Davis, both from Harvard University, out of discussions with other students about the issues with housing and the need for new ideas to house a new generation. From that came the idea of introducing the experience of Tiny House living to urbanites through weekend rentals. More info.

Don’t Let a Renovation Ruin a Marriage

One of the reasons we’re all so into real estate reality TV is that it really brings the drama. Who among us hasn’t wanted to (temporarily) kill their spouse when remodeling their home? What parents haven’t had their entire house overtaken by toys? If these conundrums sound uncomfortably familiar—and you want some advice on how to survive—check out this week’s worth of real estate reality TV and the hard-won lessons within.

‘House Hunters Renovation’

This “House Hunters” spinoff differs from the original in that each episode runs a full hour, and buyers not only look at three houses and then pick one, they renovate it as well. In the first episode of the new season, an Austin couple who have been married only four days decide to remodel a small condo, but disagreements abound. Diana wants to stick to the budget, and Sean wants to splurge on all the bells and whistles. Their tastes and priorities are so astronomically different, you wonder how they ever decided to get married at all.

Lesson learned: Remodeling can severely stress a marriage, but calling in a third party can help. The couple brought in designer Courtney Blanton of Courtney Blanton Interiors to mediate. She presented them with beautiful options they never would have come up with on their own. The end result is stunning, and their marriage survived.

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Did you know 6 features that define a bedroom – #ReginaSingh

There are, in fact, a number of details that make a room a “bedroom”—and both home buyers and sellers had best know them to avoid misunderstandings.

Six features that define a bedroom

The laws vary by state, but here are six ways you can tell if your room is a bedroom rather than just a “room”:

  1. Minimum square footage:Although this can vary from state to state, 70 to 80 square feet is generally the acceptable minimum.
  2. Minimum horizontal footage: A bedroom must also measure at least 7 feet in any horizontal direction.
  3. Two means of egress: There have to be two ways out of a bedroom. Traditionally, these would be a door and a window.
  4. Minimum ceiling height: At least half of the bedroom ceiling has to be at least 7 feet tall.
  5. Minimum window size: The window opening must be a minimum size, usually 5.7 square feet.
  6. A heating and cooling element: We’re talking a heater (a space heater won’t qualify) as well as a way to cool it down, whether that’s by opening a window or good old AC.

Thinking of Selling? Don’t Overlook an Outdated Kitchen. #ReginaSingh

If you are planning on listing your home for sale, make sure that you don’t overlook the condition of your kitchen. A recent article on realtor.com listed “7 Signs Your Kitchen Is Way Overdue for a Renovation,” in which they warned:

“Dated kitchens–just like bathrooms–are a major barrier for resale. Buyers want modern amenities and styling, and most aren’t interested in renovating post-purchase.”

Kitchen remodels can be pricey, with many complete remodels costing $20,000 or more. But not every kitchen needs a full remodel. There are many smaller projects that will help buyers see themselves trying their favorite Pinterest recipe in your home! Here are a couple of project ideas that, if you’re handy or know someone who is, could end up boosting your home’s value without breaking the bank:

  • Are the cabinets in good shape but need an update? A new coat of paint and some updated hardware will instantly freshen up the space and drastically change the feel of the room all for under $300.
  • A new backsplash to match the freshly painted cabinets updates the space and adds some style while staying under $200, depending on the size of the room.
  • If the kitchen seems dark, consider adding LED under cabinet lighting for around $40.
  • If replacing the countertops in the kitchen isn’t within your budget, consider using a top coat to cover the current countertops.

If you decide to complete a full remodel of your outdated kitchen, you can expect a 67% return on a $30,000 upgrade (the national median cost). The benefits of a kitchen remodel aren’t purely financial, according to Houselogic:

“Eighty-two percent of homeowners said their updated kitchen gave them a greater desire to be at home, and 95% were happy or satisfied with the result.”

Mortgage Interest Rates Just Went Up… Should I Wait to Buy?

 Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to get a rate less than 4%. However, we must realize that current rates are still at historic lows. Here is a chart showing the average mortgage interest rate over the last several decades. Mortgage Interest Rates Just Went Up... Should I Wait to Buy? | Keeping Current Matters

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or sister did ten years ago; a lower rate than your parents did twenty years ago and a better rate than your grandparents did forty years ago.

Millennials – the Homebuyers of 2017 – #reginasingh

shopper-01-1In sharp contrast with 2016, when only 33% of people planning to buy a home were first-time buyers, 52% of buyers with their eye on a home purchase next year will be first-timers. And 61% of those are under age 35. “With so many first-time buyers in the market, competition will be even fiercer next year for affordable starter homes in the suburbs. Those looking to buy may want to consider a winter home purchase in order to avoid bidding wars and higher prices spurred by a potential increase in millennial buyers.”
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