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April
18

Is It Time To Buy a Smaller Home?

Is It Time To Buy a Smaller Home? | MyKCM

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for your home?

If you're looking for ways to focus more on the important things in your life, the answer could be downsizing. A recent article from The Balance talks about why it could be a great option, saying:

"There are many reasons to buy a smaller home—or to downsize from your present home—but sometimes, the idea that "less is more" is what propels homeowners to buy a smaller home."

You Can Find the Right Home for Your Needs

The 2022 Home Buyers and Sellers Generational Trends from the National Association of Realtors (NAR) provides more information on why people of retirement age choose to move. It shows the need for a smaller home, the desire to be closer to loved ones, and retirement itself as three of the top reasons homebuyers over the age of 55 make a move.

If you're in this group, changing priorities may be top of mind for you today, and that could be driving your decision to downsize. After all, as your lifestyle changes, what you need in your home likely changes, too.

Plus, as The Balance notes, moving into a smaller home can open your schedule up even more. When you downsize, you can spend less time maintaining your home and more time with the people you love or exploring newfound hobbies. That's a recipe that can lead to less stress and increased happiness.

Your Equity Can Make a Big Impact When You Downsize

Home equity plays a big role when you sell your existing house and move. It could be a great tool to use to help you downsize. According to the latest Homeowner Equity Insights report from CoreLogic, the average homeowner gained about $55,300 in equity over the past 12 months. Dr. Frank Nothaft, Chief Economist at CoreLogic, explains how important price appreciation and equity gains are for existing homeowners:

"Home prices rose 18% during 2021 in the CoreLogic Home Price Index, the largest annual gain recorded in its 45-year history, generating a big increase in home equity wealth, . . . For low- and moderate-income homeowners, home equity has historically been a major source of wealth."

As home prices rise, your equity does, too. So, you may have more equity than you realize because of the record levels of home price appreciation over the past year. Those equity gains could allow you to make a larger down payment on your next home. And putting more money down can lead to a smaller monthly mortgage payment, which can give you greater financial freedom. It can also be a significant help in navigating today's competitive housing market, since offering more money up front could help your offer stand out.

Whatever your homeownership goals are, a trusted real estate advisor can help you to find the best option for your situation. They'll help you sell your current home and guide you as you buy your next one and enter this new phase of life.

Bottom Line

If you've recently retired or plan to soon, your needs are likely changing. That means now may be the perfect time to downsize. Let's connect so we can work together to find a home that matches your situation.

March
26

Sellers: Prioritize These Kitchen Improvements

A bigger and brighter kitchen is always on the list of top home features buyers are willing to move for. For those who love to cook and entertain guests, a nice kitchen is a must-have. As a seller, this means investing a little time and effort into sprucing up your kitchen can be well worth the time and energy.

Because the kitchen is such an important selling feature, we often recommend our clients invest in some upgrades and repairs before listing. While a full remodel may not make sense financially, here are some upgrades you might want to consider this year:

  • Enhance Your Lighting
    Everybody wants a bright kitchen, so if you're lighting fixtures aren't getting the job done, it might be time for an upgrade. Consider adding new fixtures over your kitchen table, island, or sink. We also love the look of dimmable under cabinet lighting. You can also line your backsplash with string lights to create a nice look.

  • Update Your Countertops
    If your countertops are in poor condition or have an unflattering color, upgrading them can be well worth the investment. While traditional granite countertops have been popular for decades, buyers prefer quartz these days. Not only are quartz countertops nice and sturdy, but they come in a wide range of colors and designs.

  • Upgrade Your Appliances
    New appliances can be a big investment, but you can see a nice ROI. Buyers are immediately drawn to brand new stainless steel appliances. If your refrigerator or dishwasher are dated or in bad shape, an upgrade can do you good and wow your buyers at the same time.

  • Add Or Replace Your Backsplash
    It doesn't take long for kitchen backsplashes to become dirty and dated, and don't underestimate the power of a makeover. The great thing about backsplashes is you can install a wide range of colors or patterns. Of course, classic white subway tile always works well too.

  • Refresh Your Cabinets
    Brand new cabinets can come with a hefty price tag, so if you're not feeling this upgrade, there are easier and less expensive ways to refresh your cabinets. Adding a new coat of paint is the easiest and fastest way to give them a fresh look. You can also replace any doorknobs or drawer pulls.

  • Stage The Room
    Once you've completed your kitchen upgrades, take some time to stage the room. You can really make your kitchen appear larger by putting away countertop appliances and getting rid of clutter. Open up your blinds or window treatments to maximize natural light and remove any personal items (including photos and magnets from the refrigerator). Sometimes keeping things simple is the best way to stage a room.

The kitchen is often considered one of the most important rooms of the house when it comes to selling a home. It serves as a gathering place where food is prepared and guests are entertained. Looking at your kitchen through the eyes of a potential buyer will definitely help your home sale.

February
16

The Biggest Myths Of Selling A Home

Selling a home is a relatively rare life event for most people, so it's normal not to know what to expect. When seeking advice from neighbors, friends, or family, it might seem like everyone thinks they're an expert on real estate transactions. It's also common to hear myths and tall tales about the market or the selling process. 

As a first-time seller, don't believe everything you hear. Getting caught up in real estate myths can lead to bad decisions that ultimately cost you money in the long run. If you're planning on selling your home soon, be cognizant of these five myths of selling a home:

  • Renovations And Staging Aren't Important
    One of the biggest myths we hear in a hot seller's market is that staging and renovations aren't necessary because buyers are so eager to make an offer. This is simply untrue. Even though the market is incredibly competitive, a home in bad shape is still going to be unattractive to buyers.  Making renovations and staging your home is still your best bet for generating the best return. Just because the market isn't hot doesn't mean sellers should be lazy or skip the important parts.

  • You Can Save Money By Selling Your Home Yourself
    While it's certainly possible to sell a home on your own, you'll likely need to have experience, skills, and a lot of time on your hands in order to pull it off. While it may save you from paying an agent commission, there is also a good chance you'll leave money on the table.

    Real estate agents perform a number of tasks that provide tremendous value by helping you achieve a higher sale price. Staging, marketing, and negotiating are all important pieces. Without an expert in your corner, you might not get the best return.

  • Setting A High Price Leaves Room For Negotiation
    Many sellers think setting the bar high will leave more room for negotiation, but the truth is, many buyers won't even consider a home priced well above its value. By setting a high asking price, you're ultimately putting yourself in a position where you'll likely have to reduce the price after a few weeks, which may lead to buyer suspicions about potential problems.

  • Open Houses Don't Sell Homes
    Open houses have been a home selling tactic for decades, and they didn't disappear during the pandemic. While many people assume real estate agents hold open houses to drum up new business, they can actually be a very effective sales tactic. Open houses are likely to generate quick exposure to the market and can attract a higher number of interested buyers in a short period of time.

  • The Market Will Continue To Rise
    With the exception of two recent economic downturns, home values have consistently been on the rise for many years.  However, these recent recessions have proven that real estate is not a risk-free investment. The myth that home values will continue to rise year after year may influence a seller's decision to list their home. However, the truth is home values can and do fall, and they will fall again.

Selling a home isn't always easy, so arming yourself with the most accurate information is the best way to make decisions that lead to a good return. Of course, experienced real estate agents are often the best source of reliable information about the market. Let's connect when you are ready to learn more about today's market!

February
14

How to Fall in Love With a New Neighborhood

Falling in love with a neighborhood can be equally as important as the house when you're home searching. Whether you're looking to socialize with neighbors or you prefer to keep to yourself, selecting a neighborhood you love is essential to your overall contentment. Read on to determine the factors to consider as you search for a new home in a new neighborhood.

Commute Time
Suppose you regularly commute to your place of employment—this distance and time matters. Whether you drive or take the train, knowing the average daily commute time is an essential factor to consider. If you drive, calculate how long the drive will take, and if you take the train, make sure that the local train stop offers express trains.

Recreational Activities
Whether it's a country club, golf club, fitness center or pool, living near the amenities you use regularly is essential. It will result in less commuting time, less stress and afford you more time to engage in the recreational activities you love.

School Ratings
Regardless of if you have school-aged children or not, living near a highly-rated school should be an essential part of the home searching process. In addition to how the schools are rated on sites such as greatschools.org, you can review the school's state test scores, school programming options such as Advanced Placement (AP) classes, extracurricular activities, athletic programs and the Parent Teacher Association.

Access to Nature
If having access to nature is important to you, research the nearby parks, walking trails and hiking areas that are close to the neighborhood. If you enjoy taking long walks closer to home, ensuring the area has sidewalks or walking trails may be necessary.

Quantity and Age of the Trees
Tree-lined streets are an important part of a neighborhood to many home buyers. They signify a more established area and offer a certain charm that newer communities lack. They also provide health benefits, as they clean the air.

Neighborhood Amenities and HOA
Depending on your stance on homeowner's associations (HOA's), they may entice or deter you. For example, if you're looking for a neighborhood with a community feel and amenities such as a pool, clubhouse and other shared spaces, it likely means the neighborhood will have an HOA. On the other hand, an HOA's regulations may be too restrictive. Review the neighborhood's HOA bylaws before making an offer to ensure you're comfortable with the requirements that are in place.

Walkability
If you're someone who enjoys an early morning walk to get your coffee, making sure the local coffee shop is a quick walk away is one of the minor aspects that add up to your overall quality of life. Likewise, suppose you want the ability to walk into town to grab lunch, go shopping or for your hair appointment. In that case, ensuring your neighborhood is close to the town's central business district is an essential factor to add to your list.

Ultimately, the elements of a great neighborhood are the most important factors to you. Whether it's having a short commute time, highly rated schools or tree-lined streets, your requirements are all part of your unique home buying process.

February
10

Want Top Dollar for Your House? Now's the Time To List It.

Want Top Dollar for Your House? Now's the Time To List It. | MyKCM

When you're selling any item, you usually want to sell it for the greatest profit possible. That happens when there's a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you're thinking of selling your house this year, here are two reasons why now's the time to list.

1. Demand Is Very Strong This Winter

A recent article in Inman News explains:

"Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists. . . . 'Home shopping season appears to already be in full swing!'"

And they aren't the only ones saying buyers are already out in full force. That claim is backed up with data released last week by ShowingTime. The ShowingTime Showing Index tracks the average number of monthly buyer showings on active residential properties, which is a highly reliable leading indicator of current and future trends for buyer demand. The latest index reveals this December was the most active December in five years (see graph below):

Want Top Dollar for Your House? Now's the Time To List It. | MyKCM

As the data indicates, buyers are very active this winter. Last December saw even more showings than December of 2020, which was already a stronger-than-usual winter. And remember – you want to sell something when there's a strong demand for that item. That time is now.

2. Housing Supply Is Extremely Low

Each month, realtor.com releases data on the number of active residential real estate listings (listings currently for sale). Their most recent report reveals the latest monthly number is the lowest we've seen in any January since 2017 (see graph below):

Want Top Dollar for Your House? Now's the Time To List It. | MyKCM

And don't forget, the best time to sell an item is when there's a limited supply of it available. This graph clearly shows how extremely low housing supply is today.

Even Though Supply Is at a Historic Low, Home Sales Are at a 15-Year High

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), existing-home sales totaled 6.12 million in 2021 – the highest annual level since 2006. This means the market is hot and homeowners are in a great place to sell now while sales are so strong.

NAR also reports available listings by calculating the current months' supply of inventory. They explain:

"Months' supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace."

The current 1.8-months' supply is the lowest ever reported. Here are the December numbers over the last five years (see graph below):

Want Top Dollar for Your House? Now's the Time To List It. | MyKCM

The ratio of buyers to sellers favors homeowners right now to a greater degree than at any other time in history. Buyer demand is high, and supply is low. That gives sellers like you an incredible opportunity.

Bottom Line

If you agree the best time to sell anything is when demand is high and supply is low, let's connect to begin discussing the process of listing your house today.

February
6

Replacing Light Fixtures Can Help You Sell Your Home

When you're planning to put your home on the market, you have to look at it through the eyes of potential buyers. Things that don't bother you, or things that used to bother you, but you got used to, can be immediate turn offs for buyers. Replacing light fixtures can make your house more appealing.

Replace Fixtures That are Broken or Outdated
Buyers will notice light fixtures that don't work and may come away with a negative impression of your house as a whole. A broken light fixture can be more than an inconvenience; in some cases, it can be a symptom of a serious electrical problem. Buyers may wonder if the house has other maintenance issues that were overlooked.

Sometimes light fixtures work fine, but they're relics of a bygone era. Lighting that was stylish when it was installed may now make your house look dated. If that's the case, replacing those fixtures with more modern or timeless ones can make your home more attractive to prospective buyers. 

Think About Energy Efficiency
Buyers aren't just interested in a house's purchase price. They're also thinking about how much utilities and other expenses will cost them each month. If your house has light fixtures that aren't energy efficient, replace them with new, more efficient lighting that will save the future owners money on their electricity bills. 

Consider Increasing the Amount of Interior Lighting
Go through each room in your house, see how bright it is when all of the lights are on, and look for any areas that need additional lighting. It may be a good idea to add lighting in areas where you prepare food in the kitchen, in the bathroom above the sink, in closets or in places where people read, work and play. 

Evaluate the Exterior Lighting
When it comes to outdoor lighting, preventing accidents should be a top priority. Medical bills can be expensive. If a guest gets injured on the property, the homeowner may have to file an insurance claim and pay a deductible, as well as higher premiums later on. 

The walkway leading to the front door should be well lit so that family members and visitors don't trip and fall. Other outdoor areas, such as the driveway and patio, should have adequate lighting.

Look at your current outdoor lighting with security in mind. There should be enough lighting to deter burglars. If you don't already have motion-activated lights, consider installing some so that the future owner will know if anyone approaches the house at night. 

Ask Your Real Estate Agent for Advice
You may not be sure if you should replace specific light fixtures or add more lighting to a particular area. Your real estate agent understands what buyers are looking for and has seen many other houses in your area that are currently on the market. Your agent can advise you on whether you should install new light fixtures and may recommend specific styles or features.  

February
4

How Remote Work Impacts Your Home Search [INFOGRAPHIC]

How Remote Work Impacts Your Home Search [INFOGRAPHIC] | MyKCM

Some Highlights

February
3

Millions of Americans Have Discovered the Benefits of Multigenerational Households

Millions of Americans Have Discovered the Benefits of Multigenerational Households | MyKCM

If your needs are changing, you may be thinking about sharing a home with additional loved ones, such as grandparents, adult children, or other extended family members. Whether it's for financial or health-related circumstances, or simply because you've reached a new phase of life, you might be wondering if living with multiple generations under the same roof is a good move for you. Many people have found themselves in a similar situation and they've already made the choice to live in a multigenerational home.

What Is a Multigenerational Home?

The Pew Research Center defines a multigenerational household as a home with two or more adult generations. They include households with grandparents and grandchildren under the age of 25. As you weigh your options and decide if multigenerational living is right for you, here's some helpful information highlighted by other homeowners living with additional loved ones.

The Benefits of Multigenerational Living

A recent report from Generations United surveyed individuals living in a multigenerational setting and asked them about the key benefits of this housing arrangement. It says:

"Nearly all Americans who live in a multigenerational household (98%) feel their household functions successfully, citing various aspects of home design, family relationships and interactions, and supports and services influencing their success."

The study identifies some of the top benefits of this lifestyle as an improved financial situation, better mental and physical health, strengthened bonds with loved ones, and more (see chart below):

Millions of Americans Have Discovered the Benefits of Multigenerational Households | MyKCM

Those are just some of the reasons why most people who decide to live in this situation find it worthwhile. As Donna Butts, Executive Director at Generations United, says:

"Families may come together from need, but they are staying together by choice. Indeed, more than 7 in 10 (72 percent) of those currently living in a multigenerational household plan to continue doing so long-term."

With More Adults Living Under One Roof, You May Need More Space

If you decide to look for a multigenerational home, it's important to understand what everyone will need to make the arrangement work to its fullest. Something that often makes the top of the list for homeowners living with multiple generations is additional space for privacy. This could mean more bedrooms and bathrooms or features like an in-law suite or a basement.

If you're realizing your current house doesn't provide the room you need for multigenerational living, an expert real estate advisor can help you navigate the process to find the right home that works for you and your loved ones.

Bottom Line

Living in a multigenerational household has real and impactful benefits. If you're interested in learning more about these options in our local area, let's connect so you can find a home that fits your changing needs.

January
18

2022 Home Design Trends

If you're feeling inspired to give your home a refresh in the new year but aren't sure where to start, familiarize yourself with the most anticipated trends for the upcoming year. Whether you incorporate a few or many, these must-have home design trends will keep your home feeling fresh and relevant. Read on to find out the top home design trends for 2022.

Enclosed Spaces
Open concept spaces began waning in popularity over the last several years. With people working, learning and entertaining at home more, there is a greater need for more quiet, private spaces. This shift embraces returning to a more traditional home layout, which was more prevalent before the popularity of open-concept spaces.

Homework Rooms
In 2020 and 2021, the focus was on home offices. Looking into 2022, homework rooms reign supreme. With remote learning, school closures and quarantining still in effect, giving your child a dedicated space to stay focused on schoolwork helps provide them with a space to succeed. Equipping the room with high-speed wi-fi, plenty of outlets and smart boards, will let your child comfortably focus on learning. This space can transition into a second home office, library or craft room one day.

Curved Furniture
Furniture with curved lines brings softness to a space. For example, curved back sofas, arched cabinets or rounded dining chairs soften the angular lines that have been so prevalent during recent years. As a result, curved pieces can create a more welcoming and inviting feel in a room.

Nature-Inspired Colors
The 2022 colors of the year chosen by the major paint retailers are in various shades of green and have a unifying theme: grounding, calming and optimistic. Benjamin Moore October Mist is a gently shaded sage. The silver-green color evokes creativity and can quietly anchor a space while encouraging individuality. Sherwin-Williams Evergreen Fog is also a soft shade of green. It's a beautiful, mid-tone, green-gray hue with a slight blue undertone. It is a gentle yet sophisticated color that can be subtle and make a statement. Behr's Breezeway, another silvery-green shade with cool undertones. 

Vintage Furniture
Between continued shipping delays and a focus on sustainability, selecting vintage furniture pieces is an excellent way to avoid long lead times and be environmentally conscious with your purchase. Additionally, vintage pieces have a warmth, interest and depth that new furniture often lacks.

Natural Materials
The past few years have resulted in spending more time outside. Because of this reconnection with nature, natural interior materials will be at the forefront of many design plans. Examples of materials include marble, terracotta, travertine and stoneware, soft, organic materials and warmer tones. Bringing these organic materials indoors adds depth and visual interest to a space and creates a calming atmosphere.

Elevated Outdoor Furniture
Investing in outdoor furniture is a wise investment, as outdoor living spaces will continue to be an extension of the interior. Outdoor furniture that is intentionally selected, stylish, comfortable and long-lasting is important as entertaining outdoors continues to be an ongoing theme. Designing this outdoor space like you'd create an indoor living room can help you quickly expand your living and entertaining area.

January
14

When Is the Right Time To Sell? [INFOGRAPHIC]

When Is the Right Time To Sell [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you're trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market.
  • The latest data indicates home showings are rising. There are more buyers than homes for sale right now. That means you'll likely receive multiple offers, and your home won't be on the market long.
  • Today's market favors sellers. If you're ready to move, let's meet to discuss the benefits you can expect when you sell this season.
December
30

Your Blueprint for Celebrating a Relaxing New Year's Eve at Home

The holidays are magical, festive, and exhausting. After a season of year-end deadlines, holiday parties, school events and extended time with the in-laws, celebrating New Year's Eve in anything other than a cashmere jumpsuit on the Cloud Sofa can feel daunting. So, whether you spend the evening in solitude, with your significant other, or with an intimate group of friends, here are a few ways to make the evening feel extra special yet cozy.

Dress the Part
The best part about spending a cozy NYE at home is being able to dress comfortably. So, whether you wear head-to-toe cashmere or you step it up by pairing your faux leather leggings with an oversized button-down, keep comfort top-of-mind. And, let the high heels sit out this NYE in exchange for a pair of faux-fur lined Birdies.

Create the Ambiance
Whether it's relaxing, soft and cozy, or energetic and lively, decide the vibe you want your NYE to have, considering the following ambient elements:

  • Create a playlist that reflects this vibe (or find an already curated list on Spotify).
  • Select a scent, whether it's an energizing citrus blend, or a relaxing lavender aroma.
  • Layer the lighting, dim the recessed lighting and let the layers of task lighting and candlelight illuminate the room.
  • Display seasonal florals and greenery, such as evergreens, amaryllis and camellias.

Set the Bar
Create an entirely self-serve beverage station. Consider serving a signature cocktail to reduce the number of open bottles, uncork the wine and have all barware and garnishes available for easy self-service. Don't forget a mocktail option if you're looking to start New Year's resolutions early.

Indulge in the Best
Whether you're serving home-cooked surf and turf, or you're ordering takeout from your favorite local restaurant, an evening spent celebrating the past year and welcoming in the new one is the perfect occasion to bring out the lovely china. Serve the wine family style, so you can sit and enjoy a leisurely meal.

Layer the Textiles
After an indulgent meal, gathering around the fire to watch a movie, play a game or enjoy conversation and laughs can feel like a true luxury. Wool carpet or rugs underfoot, a stack of cashmere blankets, oversized faux fur throw pillows and sheepskin throws can provide unparalleled comfort during an evening spent at home.

Take in the Fresh Air
Ring in the new year under the stars, whether you live in a warm climate or you fire up the outdoor heaters. Brew up a batch of hot toddies, light up the outdoor fireplace, pile on the fur blankets and countdown to the new year in the fresh air.

Plan for the Year Ahead
If planning is your key for relaxation, get ahead of your new year's resolutions by setting your intentions for the year ahead and thinking about your upcoming goals and ambitions. Then, when you wake up on the first of the year, you will already feel like you have a jump start on a fresh start.

December
24

4 Quick and Easy DIY Holiday Centerpieces

With the holidays right around the corner, many people are diving into their basements, attics and garages, pulling out their holiday decor. And though you may resume your tree ornaments, lights and wall hangings, changing up some of your decor can truly get you—and your guests—into the holiday spirit. Centerpieces make great DIY projects, bringing joy and creativity to your dinner table. Here are four simple DIY holiday centerpiece ideas you can try this season!

Pine Cones in Vases
Whether you buy them from a store or simply take a walk into your own backyard, pine cones are a great addition to holiday decor. For your new centerpiece, bring the outdoors inside. Spray paint some pinecones silver, white or gold—or add sparkles for an added touch of glamour—and place them in a wide-mouth vase. You can even use vases of different heights to create some visual interest. Dress up the base of the vases with some holiday colored ribbon or twine, and voila! 

Stacks of Mini Presents
Get yourself a package of mini boxes, or make them yourself from old cardboard boxes. Leave them plain white or wrap them in your favorite holiday wrapping paper. Then, simply stack them on top of a cake stand for a festive centerpiece. Add ribbon to each box, creating a look of gifts under the tree, or even add numbers to each box and use them as a countdown. Each day, a box can be opened, filled with surprises leading up to the ultimate gift-giving day!

Upcycled Candle Lanterns
Do you have an old candle lantern that you've been meaning to get rid of? Before you donate it, use it for this year's holiday centerpiece! If you plan to put a candle inside, create a decorative scene on the outside or around it to highlight the candlelight. Use pine cones, greenery, berries and even fake snow around the base and on the edges and top of the lantern. Or, ditch the candle and fill it with these same items, or holiday-themed knick-knacks to showcase on your table. 

Ornaments Galore
If you have extra ornaments left over after decorating your tree, there are many ways you can still use them! For example, set up a long tray in the center of your table, place three to five candles on the tray (depending on the size of the tray) and place your ornaments around the candles on the tray. Or, whip out that old cupcake stand and place an ornament in each cupcake slot to create a truly eye-catching piece of decor. You can even glue together ornaments to create a wreath, but instead of hanging it on your front door, place it on the table with a few candles in the center!

No matter what your style or crafty abilities, you can create a simple and quick DIY holiday centerpiece in no time. Look through the decorations you already have, or take a trip to the dollar store! With a little bit of creativity and a dash of holiday spirit, you can dress up your table with a centerpiece in no time, and no or low cost!

December
23

When a House Becomes a Home

When a House Becomes a Home | MyKCM

It's clear that owning a home makes financial sense. But lately, the emotional side of what drives homeownership is becoming increasingly important.

No matter the living space, the feeling of a home means different things to different people. Whether it's a familiar scent or a favorite chair, the feel-good connections to our own homes can be more important to us than the financial ones. Here are some of the reasons why.

1. Owning your home is an accomplishment worth celebrating

You've put in a lot of work to achieve the dream of homeownership, and whether it's your first home or your fifth, congratulations are in order for this milestone. You've earned it.

2. There's no place like home

Owning your own home offers not only safety and security but also a comfortable place where you can simply relax and unwind after a long day. Sometimes that's just what we need to feel recharged and truly content.

3. You can find more space to meet your needs

Whether you want more room for your changing lifestyle (think: working from home, dedicated space for a hobby, or a personal gym) or you simply prefer to have a large backyard for entertaining, you can invest in a home that truly works for your evolving needs.

4. You have control over renovations, updates, and your style

Looking to try one of those decorative wall treatments you saw on Pinterest? Tired of paying an additional pet deposit for your apartment building? Maybe you want to create an entire in-home yoga studio. You can do all of these things in your own home.

Bottom Line

Whether you're a first-time homebuyer or a repeat buyer who's ready to start a new chapter in your life, now is a great time to reflect on the non-financial factors that turn a house into a happy home. Let's connect!

December
7

6 Popular Home Wellness Trends

Incorporating wellness features into the home design process is not only becoming more mainstream, it's becoming more expected in homes, especially in the luxury market. The foundation of health and wellness begins at home, so it's no wonder that these features are becoming more conventional. Below are the home wellness design trends expected to become increasingly more prevalent in the coming year.

Home Air Purifiers
As the country continues to return to a more normal way of living, having proper ventilation and pure indoor air quality is more important than over. An indoor air purifier can lessen air contaminants, bacteria and viruses. Air purification systems can be installed into HVAC systems and take the form of stand-alone units.

Indoor Gardening
Bringing the outdoors in can offer a host of health benefits, from physical to mental. Greenery can be visually calming, air purifying and can contribute to an immunity-boosting diet. Building an indoor garden can deliver all these benefits. Whether you create a stand-alone greenhouse or a more undersized garden stand, you can have fresh fruit and vegetables readily available and the live plants can aid in purifying your air.

Touchless Appliances
Touchless appliances can help curb the spread of germs throughout your home. From motion-activated toilets, kitchen faucets, bathroom faucets, light switches, locks or garage door openers, simply waving your hand to activate these high-touch surfaces can help stop germs from spreading.

At-Home Fitness 
Creating a fitness space beyond the Peloton and treadmill makes a well-rounded fitness and wellness routine at home. A heated yoga studio or meditation room facilitates a mind-body wellness routine from the comfort and safety of home. For additional wellness benefits, adding a massage studio lets your masseuse come to you.

Embracing Minimalism
A clutter-free home creates a stress-free oasis that is so important for mental clarity and health. Devising a decluttering system that works for you can be therapeutic and result in long-term psychological and physical health benefits. Aspects of this system may include a more sophisticated custom storage system or hiring a professional organizer. In addition, a lighter physical space can often create a lighter headspace.

Enhanced Outdoor Living
Outdoor living and entertaining increased over the pandemic and don't show any signs of slowing down. From full outdoor kitchens to enhanced lounging areas to additional protection from the elements, equipping your home with the features to host and live comfortably outdoors is essential.

By prioritizing health at home, you're more likely to integrate it into every aspect of your life.

December
6

A Checklist for Selling Your House This Winter [INFOGRAPHIC]

A Checklist for Selling Your House This Winter [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you're planning to sell your house this winter, you'll want it to look its best inside and out.
  • Take the time and focus on tasks that make it inviting, show it's cared for, and boost your curb appeal.
  • Let's connect so you have an expert opinion on what to focus on, so it shows well and catches a buyer's eye.
December
3

Home Is Where the Heart Is More than Ever This Year

Home Is Where the Heart Is More than Ever This Year | MyKCM

There's no denying the financial benefits of homeownership, but what's often overlooked are the feelings of gratitude, security, pride, and comfort we get from owning a home. This year, those emotions are stronger than ever. We've lived through a time that has truly changed our needs and who we are, and as a result, homeownership has a whole new meaning for many of us.

According to the 2021 State of the American Homeowner report by Unison:

"Last year, staying home became a necessity and that caused many homeowners to have renewed gratitude for the roof over their head."

As a nation, we continue to work through the challenges of a pandemic that's pushed us all to new limits. Over the past year and a half, we've spent more time than ever at home: working, eating, schooling, exercising, and more. The world around us changed almost overnight, and our homes were redefined. Our needs shifted, and our shelters became a place that protected us on a whole new level. The same study from Unison notes:

  • 91% of homeowners say they feel secure, stable, or successful owning a home
  • 64% of American homeowners say living through a pandemic has made their home more important to them than ever
  • 83% of homeowners say their home has kept them safe during the COVID-19 pandemic

It's no surprise this study also reveals that homeowners are now more emotionally attached to their homes as well:Home Is Where the Heart Is More than Ever This Year | MyKCMAs we've learned throughout this health crisis, homeownership can provide the safety and security we crave in a time of uncertainty. That sense of connection and emotional stability genuinely reaches beyond just the financial aspect of owning a home. As JD Esajian, President of CT Homes, LLC, says:

"Aside from the financial factors, there are several social benefits of homeownership and stable housing to consider. It has long been thought that buying a home contributes to a sense of accomplishment. Still, most individuals fail to realize that homeownership can benefit your mental health and the community around you."

Whether you're thinking of buying your first home, moving up to your dream home, or downsizing to something that better fits your changing lifestyle, take a moment to reflect on what Mark Fleming, Chief Economist at First American, notes:

"Buying a home is not just a financial decision. It's also a lifestyle decision."

Bottom Line

If you're considering buying a home, it's not entirely about the dollars and cents. Let's connect so I can help you when it comes to weighing the non-financial benefits that may truly change your life when you need them most. 

November
15

4 Things Every Renter Needs To Consider

4 Things Every Renter Needs To Consider | MyKCM

As a renter, you're constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider.

Here are a few things you should think about before you settle on renting for another year.

1. Rents Are Rising Quickly

Rent increasing each year isn't new. Looking back at Census data confirms rental prices have gone up consistently for decades (see graph below):4 Things Every Renter Needs To Consider | MyKCMIf you're a renter, you're faced with payments that continue to climb each year. Realtor.com recently shared the September Rental Report, and it shows price increases accelerating from August to September (see graph below):4 Things Every Renter Needs To Consider | MyKCMAs the graph shows, rents are still on the rise. It's important to keep this in mind when the time comes for you to sign a new lease, as your monthly rental payment may increase substantially when you do.

2. Renters Miss Out on Equity Gains

One of the most significant advantages of buying a home is the wealth you build through equity. This year alone, homeowners gained a substantial amount of equity, which, in turn, grew their net worth. As a renter, you miss out on this wealth-building tool that can be used to fund your retirement, buy a bigger home, downsize, or even achieve personal goals like paying for an education or starting a new business.

3. Homeowners Can Customize to Their Heart's Content

This is a big decision-making point if you want to be able to paint, renovate, and make home upgrades. In many cases, your property owner determines these selections and prefers you don't alter them as a renter. As a homeowner, you have the freedom to decorate and personalize your home to truly make it your own.

4. Owning a Home May Provide Greater Mobility than You Think

You may choose to rent because you feel it provides greater flexibility if you need to move for any reason. While it's true that selling a home may take more time than finding a new rental, it's important to note how quickly houses are selling in today's market. According to the National Association of Realtors (NAR), the average home is only on the market for 17 days. That means you may have more flexibility than you think if you need to relocate as a homeowner.

Bottom Line

Deciding if it's the right time for you to buy is a personal decision, and the timing is different for everyone. However, if you'd like to learn more about the benefits of homeownership, let's connect so you can make a confident, informed decision and have a trusted advisor along the way.

October
29

Does Your House Have What Buyers Want?

Does Your House Have What Buyers Want? | MyKCM

The rise in remote work is changing what many Americans want in their homes. Many companies are choosing to delay reopening or go remote full-time, and today's buyers are looking for homes with more space to support their work needs.

As a seller, if you no longer need the extra room you have in your home, rest assured there are buyers who do.

Remote Work Is Here To Stay

Remote work remains a reality for many Americans. A recent poll from Garter, Inc. shows many organizations have not yet returned their offices:

". . . 66% of organizations are delaying reopening their offices due to new COVID-19 variants."

And it's not just companies that are choosing to remain remote for the time being – workers are seeking more flexibility. According to research from PricewaterhouseCoopers, nearly one-fifth of employees want to be fully remote in the future. The study also finds that many people are leaving jobs to seek out remote work opportunities:

"Among employees looking for new jobs, almost one in ten say it's because they moved away from the office while working remotely and don't want to go back on-site."

More Remote Work Means a Greater Need for Home Offices

That's leading today's buyers to prioritize finding homes with more space so they can comfortably work from home. The 2021 Home Design Trends Survey from the American Institute of Architects finds that 69% of surveyed individuals still want at least one office at home. However, it also shows that more people are looking for multiple spaces in their home for remote work and virtual meetings (see graph below):Does Your House Have What Buyers Want? | MyKCM

What Does This Mean for You?

If your house has extra space that you no longer need, buyers are interested, and now may be the perfect time to sell.

Your trusted real estate advisor can help you highlight many of the most sought-after features in your listing, including home offices. On the other hand, if you have extra room without a purpose, consider staging it as an area where remote work can happen. Your agent can help you with this as well by evaluating and preparing your space for potential buyers. They'll make recommendations for how to stage the room, where to draw the eye, and what other sellers are doing to make their houses stand out.

Bottom Line

With the continued rise in remote work, more buyers are looking for homes that can support multiple home offices. If you have extra room you're no longer using, consider selling. Let's connect today to discuss the unique features in your house and how you can capitalize on any extra space to appeal to today's buyers.

October
22

Celebrate Fall With Family Fun Activities

Autumn is sometimes that overlooked period between the last of summer's outdoor activities and hectic preparations for the holidays. But fall offers its own opportunities for rewarding family fun. Check out these leisurely ways to make some happy autumn memories.  

  • Check Out the Foliage In most areas of the country, you are no more than a couple hours drive away from some vibrant fall foliage. If you need ideas, get online to find out where you can best view the best of fall's amazing colors. Pack a picnic and head out for an afternoon of splashing about the falling leaves.
  • Pick Pumpkins …but not from the local market. Look for a fall festival or farmer's market where you can get your fill of fun activities and head home with the best of autumn's harvest, including the perfect pumpkins.
  • Go Apple Picking Apple picking season usually starts in August and peaks through September, but there's still time to squeeze in a trip to a nearby apple orchard during the first half of October. You can take photos, pick apples, eat cider doughnuts and stock up on homemade apple cider.
  • Enjoy Oktoberfest Somewhere in your area, you can probably find a commercial or sponsored Oktoberfest celebration, featuring authentic German foods, a beer and/or cider garden, guides in German folk dress and a variety of games and shopping opportunities the whole family can enjoy.
  • Take a Haunted Road Trip For a good, friendly scare, find a haunted house to explore during the month of October. If all else fails, tour a cemetery at night and make up your own ghost tales.
  • Make Costumes Forget the commercially-made costumes at the store and brainstorm some ideas of your own. Find the fabrics and accessories you need and spend some happy family hours making your costume wishes come true.
  • Get Cooking Spend some time in the kitchen together making pumpkin spice muffins, pumpkin pies or even some pumpkin-based soup. You'll be making memories your kids will remember all while enjoying the fruits of your labor.
October
21

Looking To Move? It Could Be Time To Build Your Dream Home.

Looking To Move? It Could Be Time To Build Your Dream Home. | MyKCM

While today's supply of homes for sale is still low, the number of newly built homes is increasing. If you're ready to sell but have held off because you weren't sure you'd be able to find a home to move into, newly built homes and those under construction can provide the options you've been waiting for.

The latest Census data shows the inventory of new homes is increasing this year (see graph below):Looking To Move? It Could Be Time To Build Your Dream Home. | MyKCMWith more new homes coming to the market, this means you'll have more options to choose from if you're ready to buy. Of course, if you do consider a newly built home, you'll want to keep timing in mind. The supply shown in the graph above includes homes at various stages of the construction process – some are near completion while others may be months away.

According to Robert Dietz, Chief Economist and Senior VP for Economics and Housing Policy for the National Association of Home Builders (NAHB):

"28% of new home inventory consists of homes that have not started construction, compared to 21% a year ago."

Buying a home near completion is great if you're ready to move. Alternatively, a home that has yet to break ground might benefit you if you're ready to sell and you aren't on a strict timeline. You'll have an even greater opportunity to design your future home to suit your needs. No matter what, your trusted real estate advisor can help you find a home that works for you.

Bottom Line

If you want to take advantage of today's sellers' market, but you're not sure if you'll be able to find a home to move into, consider a newly built home. Let's connect today so you have a trusted real estate advisor to guide you through the sale of your house and discuss your homebuying options.

October
15

Fall Paint Color Guide

A paint refresh is the easiest way to transform a space without committing to a complete design overhaul. If you're craving a deeper, more decadent atmosphere, adorning your room with fall hues will create a luxe, seasonal space. Whether you want a deep pecan hue, a rich, burgundy color, or the gleaming color of golden hour, a fresh application of paint can bring these hues into your home. The below paint colors are a curated selection to bring cozy fall tones into your own home—and can also make a statement all year round.

Benjamin Moore – Bear Creek 1470
A deep, gray-brown color, Bear Creek is a rich tone that is a beautiful contrast to creams and creamy whites. In addition, Bear Creek brings in tones of winter woods and adds a layer of coziness to your living areas. This deep tone pairs well with a warm white or cream color for the trim and ceiling or can be continued on the trim, but a different sheen, like semi-gloss, is recommended for trim.

→ Where to Use It: A living room or great room

Benjamin Moore – Sequoia 1245
This reddish-brown color is both a neutral tone and also brings drama. Sequoia is softer than a burgundy but is deep enough to create a moody space. In addition, Sequoia's dustiness is neutral enough to pair well with many complementary colors. For a trim pairing, Sequoia looks stunning with an off-white or warm white paint selection.

→ Where to Use It: A library or study

Benjamin Moore – Metallic Gold 2163-40
This shimmery, soft brown has pink undertones, which brings a glowing ambiance to any space. Earthy yet elegant, Metallic Gold makes a room look effortless and inviting.

→ Where to Use It: A dining room

Farrow & Ball – Hague Blue
This dramatic, intense blue is a timeless color with green undertones. In addition, Hague Blue's deep, pigmented hue makes a dark room feel intentionally cozy and moody.

→ Where to Use It: A powder bathroom

Farrow & Ball – Deep Reddish Brown
Both luxurious and soothing, Deep Reddish Brown, is a warm tone with chocolatey undertones. Deep, warm and welcoming, Deep Reddish Brown will add richness and drama to walls, doors and trim.

→ Where to Use It: A stairway

Farrow & Ball – Tanner's Brown
This dramatic hue is a strong dark brown that is almost black in low lighting. However, in a well-lit space, it reads as brown. A rich, warm hue, Tanner's Brown brings drama and warmth to a room.

→ Where to Use It: Interior of a fireplace

Sherwin Williams – Cotton
This warm white will make your space feel effortlessly layered and cozy. It's soothing neutral hue makes any room feel relaxed and inviting. It's the perfect backdrop to layer in neutral or colorful furniture and accessories and to begin your day on a crisp, calm note.

→ Where to Use It: A bedroom or great room

October
13

What's Causing Today's Competitive Real Estate Market? [INFOGRAPHIC]

What's Causing Today's Competitive Real Estate Market? [INFOGRAPHIC] | MyKCM

Some Highlights

October
6

4 Tips To Prep for Your Home Sale This Fall

4 Tips To Prep for Your Home Sale This Fall | MyKCM

Even in a hot sellers' market like today's in which homes are selling so quickly, it's still important to make a good first impression on potential buyers. Taking the time upfront to prep your house appropriately can bring in the greatest return on your investment.

Here are four simple tips to make sure you maximize the sale of your house this fall.

1. Price It Right

One of the first things buyers will notice is the price of your house. That's why it's important to price it right. Your goal in pricing your house is to draw attention from competing buyers and let bidding wars push the final sales price up. Pricing your house too high to begin with could put you at a disadvantage by discouraging buyers from making an offer.

Your trusted real estate advisor can help you find the price for your home that reflects the current market value. Lean on your agent to help you with this crucial first step.

2. Keep It Clean

It may sound simple, but keeping your house clean is key to making sure it gets the attention it deserves. As realtor.com says in the Home Selling Checklist:

"When selling your home, it's important to keep everything tidy for buyers. . . . Remember to take special care with the bathroom, making sure the tile, counters, shower, and floors shine."

Before each buyer visits, assess your space and determine what needs your attention. Wash the dishes, make the beds, and put away any toys. Doing these simple things can reduce any potential distractions for buyers.

3. Make It Easy To Visit

Giving buyers the opportunity to see your house on their schedule can be a true game-changer. Buyers are less likely to make an offer if it's difficult to plan a tour or they can't easily fit it into their schedule. Making your house available as often as possible helps create opportunities for more buyers to fall in love with your house.

Rest assured your trusted real estate advisor will keep your health and safety top of mind when buyers tour your home. Agents use the latest guidance to stay up to date on any protocols and sanitization recommendations.

4. Help Buyers Feel at Home

Finally, it's important for buyers to see all the possible ways they can make your house their next home. As the realtor.com article puts it:

"The goal is to create a blank canvas on which buyers can project their own visions of living there, and loving it."

An easy first step to create this blank canvas is removing personal items – pictures, awards, and sentimental belongings – from your space. If you're unsure what should be packed away and what can stay, consult your trusted real estate advisor. Spending the time on this step can pay off in the long run, as the 2021 Profile of Home Staging from the National Association of Realtors notes:

"Eighteen percent of sellers' agents said home staging increased the dollar value of a residence between 6% and 10%."

Bottom Line

To make the most of today's sellers' market, avoid the temptation to skip over the essential preparation steps. Let's connect today to discuss all the ways you can maximize your home sale.

September
25

A Guide to Choosing the Right Luxury Kitchen Sink

A kitchen sink can be an overlooked part of the kitchen design process, but being strategic in your selection is essential from both a function and aesthetic standpoint. While typically considered utilitarian, selecting a unique kitchen sink material can make it a focal point and add the drama the space needs. Read on to find out the different types of high-end kitchen sinks to determine which one may be best for your home.

Stone Kitchen Sinks
A stone sink, such as granite, quartz or marble, brings the wow to the workhorse area of the kitchen. A stone sink can add value to your home and has a long lifespan. Since it is a material found in nature, every sink is unique because of its slight variations. However, stone sinks do require sealing maintenance.

Copper Kitchen Sinks
A copper sink is a showstopper and an unexpected element in a kitchen. A copper sink in an apron, also known as farmhouse style, will showcase its unique design; however, it can also be installed as an undermount sink. Copper sinks can come in either a smooth or hammered finish, and the level of patina can vary. The thicker the copper, the more noise it absorbs and will better resist denting. Copper also has antimicrobial properties, which is a significant asset for an area of the house that is a breeding ground for germs.

Cast Iron Kitchen Sinks
Cast iron sinks are one of the oldest types of sinks around, for a good reason. Cast iron sinks are iron and topped with a glossy enamel finish, resisting stains, dings and scratches. A cast iron sink installation can be complicated because it's so heavy. Cast iron sinks also require additional support once installed. However, a cast iron sink can quickly become a focal point of the kitchen since you can select your preferred style and color.

Fireclay Kitchen Sinks
A fireclay kitchen sink is made of ceramic clay, and once dry, is covered with porcelain enamel. The enamel is susceptible to chips, due to regular wear and tear, and the clay can risk cracking. Fireclay sinks are typically installed in an apron sink style, although they can be installed in various ways.

Concrete Kitchen Sinks
A concrete kitchen sink is a completely custom option. This of-the-moment sink material is poured on-site, creating its custom shape, size and look. If you use your sink infrequently, a concrete sink may be for you because the material is prone to staining.

Stainless Steel Kitchen Sinks
While a stainless steel sink is typically a more builder-grade option, there are ways to select an elevated stainless steel sink. Choosing stainless steel with a lower gauge means the sink is thicker, which means higher quality. A stainless steel sink in a satin finish is less likely to show water spots.

September
22

Little-Known Secrets to Buying a Luxury Home

Buying a home is an involved process, regardless of your price point. However, the luxury market comes with a different set of conditions. From working with a specialized real estate broker, less available inventory and a more discerning list of requirements, investing in a luxury property can be more involved than purchasing a mid-level home. Here are some of the little-known secrets of the luxury home buying process.

Work With a Luxury Broker
Working with a well-versed broker in the luxury market is key to ensuring a smooth home searching and buying process. A luxury broker will be familiar with the areas in which you're looking, will be up to speed on the latest trends, will be able to identify potential issues in properties you view and will know if a property is worth its listing price. Additionally, a luxury broker will have access to homes that might not be listed publicly or on the MLS. Many luxury listings are private to protect the seller's privacy, so only luxury brokers within the inner circle are privy to these listings.

Have a Knowledgeable Team in Place
In addition to working with a broker who specializes in the luxury market, making sure your financial advisor is involved in your purchase decision will ensure you're making an intelligent investment. Taking it a step further and arranging a meeting between your broker and financial advisor will safeguard your purchase.

Exercise Patience
Patience is the name of the game when buying luxury real estate. Because of limited inventory, the time it takes to conduct research and a discerning list of must-have features, it can take longer to find the property that is a perfect match for your specifications.

Know the Neighborhood
Familiarizing yourself with the neighborhood and its future plans is an important part of the luxury home buying process. From the school district to the area's downtown amenities to recreational opportunities, the neighborhood can be just as important as the home. Additionally, suppose you are buying a property for its views. In that case, it's important to understand any plans for the area and any possibilities of new construction that could impact any waterfront, golf course or sunset views.

Don't Discount Properties Based on Photos
Based on the photos, if you don't fall in love with a property, it's still worth an in-person visit to see the home. For example, a house may require interior updates but have one in a million waterfront views. If you discount the house based on the listing photos, you will miss out on your opportunity to own a property with those views.

Have Proof of Funds
Being able to prove you have the funds to purchase a luxury property can be more involved than if you're buying a mid-level home. Therefore, it's important you have the documentation to prove you have the funds before making an offer. You may even need this documentation before you view the property. If you're interested in buying or selling, let's connect!

September
21

5 Tips for Frugal Urban Living

Urban living is expensive—especially for recent college graduates who are living their dream of getting a good first job in the big city. But successful urban living, financial advisors say, is all about being thoughtful and learning to spend wisely and well.

  • Know the 3 Ns: Necessities, Nest Egg and Non-Essentials – Necessities, like rent, food, clothing and transportation, should take no more than 50% of your income. Aim for a nest egg—savings in an interest-bearing account that includes cash enough for three month's expenses or emergencies, plus a chunk of your monthly income going into a retirement account—and designate no more than 20% of your income for discretionary items such as entertainment, dining out, vacations and other non-essentials.
  • Know the 4 Rs: Reduce, Repair, Reuse, Recycle – Before you buy something, ask yourself: Do I really need it? Can I buy it second-hand or trade for it? Can I recycle or repurpose something I already have? Can I find it on the cheap? Get acquainted with local websites devoted to buying and trading used merchandise.
  • Stick to a List – Resist impulsive buying. Whether it's groceries, clothing, household goods or non-essentials, make a list of what you need and do your best to stick to it when you shop. And a good piece of advice…never do your grocery shopping on an empty stomach!
  • Try Not to Pay Full Price – Clip coupons, download apps and sign up for loyalty programs. Check the internet for books and tips on purchasing almost anything you need at a discount. Facebook Marketplace is a good place to start looking for preowned items at affordable prices.
  • Put People Over Things – Money can't buy relationships. Even casual conversations can lead to friendships, and friends can be your greatest asset. Apart from the emotional support that friends provide, you can live more frugally by cooking together instead of eating out, playing games at home instead of spending on expensive entertainment, and keeping each other on the straight and narrow when it comes to spending wisely.
August
19

More Young People Are Buying Homes

More Young People Are Buying Homes | MyKCM

There's a common misconception that younger generations aren't interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief.

Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their homeownership rates trailing slightly behind older generations:

"Historically, millennials have delayed the critical lifestyle choices often linked to buying a first home, including getting married and having children, in order to further their education. This is clear in cross-generational comparisons of homeownership rates which show millennials lagging their generational predecessors."

So, it's partially true that some millennials have waited on homeownership to focus on other things in their lives – and that's impacting certain housing market trends.

Data from the National Association of Realtors (NAR) indicates the average age of a first-time homebuyer is higher today than it's been over the past 40 years. As the graph below shows, homebuyers today are purchasing their first home an average of 4 years later than people in the 1980s and early 1990s:

More Young People Are Buying Homes | MyKCMBut just because millennials are hitting certain milestones later in life doesn't mean they're not interested in becoming homeowners. The recent U.S. Census reveals a significant increase in homeownership rates for millennials and other young homebuyers.

More Young People Are Buying Homes | MyKCM

As the graph above shows, millennials are entering the market in full force, and their share of the market is growing. Based on the data, the belief that younger generations don't want to buy homes is a misconception. In fact, the recent Capital Market Outlook report from Merrill-Lynch further drives home this point, as it specifically mentions the effect millennials are having on demand:

"Demand is very strong because the biggest demographic cohort in history is moving through the household-formation and peak home-buying stages of its life cycle."

Kushi is following the trend of millennial homeownership and puts it more simply, saying:

". . . it's clear that younger households (millennials!) are driving homeownership growth."

As the largest generation, millennials' impact on the market is growing as more and more people from that generation reach homebuying age – and Generation Z isn't far behind, either. That means younger generations will likely continue to drive demand in the housing market for years to come.

Bottom Line

If you're a member of a younger generation and interested in purchasing a home, you're not alone. Many of your peers are on their path to homeownership, too. Let's connect today and discuss what you can do to accomplish your homebuying goals.

August
5

How to Prepare Your Home for Flooding

While no one ever wants to imagine their home filling with water, for many areas of the country, flooding is a scary reality for many homeowners. Whether a natural disaster is on the way or you simply want to be aware of how to protect your home when flash flood warnings sound, we have five steps to preparing your home for flooding.

Clear gutters. If flooding is predicted in your area, help your home out by clearing all gutters, downspouts and drains so your home can battle the rising water.

Elevate outdoor electric units. Outdoor generators, fuel tanks and air-conditioning units should not be left on ground level outdoors. Elevate them as best you can and securely anchor them so they don't float away if flooding occurs.

Power down. Shut off your electricity via your breaker panel to stay safe.

Move items upstairs. When flooding is likely, take charge by moving items upstairs and further from the flood zone. Furniture, rugs, electronics and important paperwork should all be moved to the highest ground possible. Make copies of important paperwork and store them digitally so you don't lose them.

Raise appliances. While you likely can't lug your refrigerator upstairs, you can elevate your appliances on concrete blocks to minimize damage if only a few inches of water floods in.

August
4

Kitchen Trends That Are Going Out of Fashion

Most of us spend a lot of time in the kitchen, preparing meals and cleaning up. In many cases, we spend so much time in our familiar kitchen space that we don't pay much attention to what it looks like.

But the trends, they are a-changin'. Today's kitchens are sleek and practical. Design experts list seven kitchen looks that are quickly going out of style:

Short backsplashes. Backsplashes that reach up to six to eight inches above the countertop are sorely outdated. If you're up for a remodel, take the backsplash all the way up to the upper cabinets to make your kitchen feel bigger and cleaner. 

Distressed wood cabinets. Once the darling of country-style kitchens, the clunky distressed wood of yesteryear is giving way to natural wood or white finishes.

Over the stove microwaves. When microwaves came into fashion, homeowners put them over the stove to save counter space. But today's families want necessities accessible for the entire family. Some are redesigning cabinets to move the microwave into an under-counter nook where smaller family members can reach it. 

Top-of-cabinet décor. Gone are the days of filling the space between the tops of your cabinets and the ceiling with dusty accessories like artificial flowers or greenery. Removing them from above the cabinets gives the room a more open feel.

Hanging pots and pans. Once, every kitchen shown in a magazine had a big, beautiful, hanging rack filled with copper or stainless-steel pots and pans. Kitchen designers today are making room for them in drawers or cabinet, trading in that outdated country look for cleaner, minimalist lines. 

Anything but stainless steel. Over the years, kitchen appliances have gone from white to copper to avocado green and back again. But the desired look today is the cool, sleek look of stainless steel.

Kitchen desks. At one point in time, every upscale kitchen featured desk space—a little nook where you could scan the mail, pay bills, etc. But those mess-collectors are now yesterday's news. Moving desk chores to another room can give your kitchen extra space and alternative storage options.

August
1

A Beginner's Guide to Painlessly Going Green

You've heard the warnings about global warming, you feel compassion for stranded polar bears and you worry about overwhelming the landfills. As a homeowner, you may not be ready for composting, but there are ways to become an eco-friendlier household.

Ecologists provide simple but useful tips that even the laziest activist can use to do their part in helping the environment:

Cut down on water use. Turn off the tap while brushing your teeth. Drink tap water in reusable containers instead of plastic bottles. Lower the water level when doing small laundry loads and don't run the dishwasher until it's full.

Use less power. Shut off the lights before you leave in the morning, and unplug electrical equipment that you aren't using during the day and while you sleep—especially your work and home computers.

Adjust the thermostat. Set it for a few degrees higher in summer, and a few degrees lower in winter. You likely won't feel much of a difference, and you'll like the decrease in utility bills.

Replace your light bulbs. Sources say if every American household replaced one regular lightbulb with a compact fluorescent bulb, the pollution reduction would be equivalent to removing one million cars from the road.

Change your shower-head. A low flow version will save water while providing just as much pressure.

Save on paper. Keep a digital calendar and notes instead of paper ones. Whenever possible, re-use the back side of old printed sheets for new but less important print jobs. Sign up for paperless billing and pay your bills online.

Use less plastic. Use reusable grocery bags even where they're not required. Re-use empty plastic food containers with tight fitting lids, such as cottage cheese containers, for leftovers and storage purposes—be sure any unwanted plastic goes into the recycle bin.

Eat less meat. If you're not ready to go vegetarian, try committing to a meatless dinner once or twice a week to decrease the resources you use. Producing wheat and even veggies takes far less water than producing beef, and there are plenty of tasty meatless recipes online that families can explore together.

When you are ready to purchase a home, let's connect so I can help you go green!

July
8

Laundry Tips for After Your Vacation

Vacations may mean family fun and lasting memories, but between travel and cleaning, coming home from a vacation can make you more tired than before you left. After some much-needed time off, no one wants to spend days catching up on dirty laundry. Thankfully, a little planning before and during your vacation can make all the difference when you come home. 

Keep a Laundry Bag in Your Suitcase
Avoid the need to wash clothes unnecessarily by keeping a laundry bag in your suitcase. This will ensure you can easily sort through dirty items during your trip, allowing you to keep your hotel space clean while preventing dirty and clean clothes from mixing together. Going on a beach or waterpark trip? Purchase a waterproof bag to ensure that your soggy clothes don't leak on the rest of your items.

Start a Load of Laundry Right When You Come Home
After a long trip, it can be tempting to relax as soon as you arrive home. Resist this urge and immediately start a load of laundry. This will ensure that you're not bogged down by a huge to-do list in the form of dirty clothes, and if you pack your dirty clothes well, starting a load quickly is a simple task that will have a big impact.

Families Designate One Suitcase for Dirty Clothes
If you're traveling with a few family members, particularly if your party includes children,  dedicate one suitcase at the end of your trip to exclusively put all the dirty clothes into. Once you arrive at home, you can have each family member put their respective suitcases and clean items away, while the suitcase with dirty items is placed in your laundry room. This way, you're not going to each family member requesting their dirty items and a load of laundry can be done upon arrival back home.

Wash Swimsuits First
Wet swimwear can get stale or sour if they're not addressed quickly. When you arrive home, be sure to prioritize any wet or soiled items in the first load. If you must leave any loads for the next day, you've already tackled the items that should be taken care of quickly. If you brought along any beach towels, be sure to include these in the wash with your swimsuits.

Wash Clothes as You Go
If you are taking an extended trip, take advantage of your hotel or rental home's laundry amenities. This can prevent the need for loads of laundry once you've arrived at home, and can also help you pack lighter, which could save on luggage costs. 

June
30

5 Lifestyle Trends Embraced by Millennials

Millennials are a driving force in today's luxury real estate market. If you want your house to appeal to this demographic, then it's important to understand how they live and what they look for in a home. Here are a few lifestyle trends that have come to define the real estate preferences of millennials.

Health and Wellness
They've been called the "wellness generation," so it should come as no surprise that millennials enjoy taking good care of themselves. From home gyms and meditation studios to saunas and massage rooms, they pay equal attention to the mind and body when it comes to personal wellbeing. Homes that are designed to accommodate this lifestyle will surely be in high demand among these buyers.

Outdoor Living
Any homeowner can appreciate a luxurious outdoor living space, but for young and affluent buyers, this is frequently the number one priority. This generation has an affinity for spending their free time basking in a private, outdoor oasis equipped with high-end features, such as a resort-like swimming pool, outdoor kitchen and al fresco dining area. 

Convenience
Perhaps more than anything, millennials are defined by how strongly they value convenience. As a generation accustomed to the instant gratification of the digital age, they gravitate toward homes that are optimized for efficiency and provide easy access to nearby amenities. Time is a treasured commodity for millennials, and they want a living space that is designed to protect it.

Socially and Environmentally Conscious
As a generation that came of age just as sustainability became a mainstream issue, millennials have largely embraced the idea of an environmentally friendly lifestyle. They seek to minimize their impact on the planet and, as a result, prefer homes that are designed to lower energy and water consumption. Furthermore, they want to know where their home's materials come from and how they were sourced. Certifications that signify ethical and responsible labor practices are an important part of their desire to live in a socially conscious manner. 

June
29

7 Energy-Saving Tips for Staying Cool at Home This Summer

As summer temperatures soar, it's tempting to turn on the air conditioning full blast—assuming you have such a system. But whether you do or not, electric air conditioning isn't cheap to run, nor is it eco-friendly.

Given that Americans use more than double the electricity than many other nations do, sustainability experts suggest energy-efficient ways to stay cool in your home this summer, no matter how hot it gets outside.

  1. Use Fans – Standing or table-top, circulating fans are quiet, effective, and economical for cooling small areas. Keep one in each of the rooms you regularly use and chill out in comfort for less
  2. Mist Your Bed – At bedtime, mist your bed with cold water from the fridge, then turn a fan nearby. This will create an evaporative cooling effect, allowing you to sleep more comfortably even on very hot nights.
  3. Turn Down the Lights – Lights generate heat, so turn them down or off whenever you can do without them. 
  4. Use Light Blocking Curtains – In sunny rooms, light-blocking drapes or curtains can help keep a room from building up heat.
  5. Be Mindful of Oven Use – Oven heat lingers, and nobody wants too much hot food when it's sweltering out. Eat colorful, protein-based salads for optimal nutrition and if you must turn on the oven, do so mainly in the early morning.
  6. Don't Linger at the Fridge – Refrigerators work harder in hot weather. Standing by an open fridge door while you debate what to eat lets out the cool air and makes the fridge work even harder and use more energy.
  7. Take Shorter, Cooler Showers – A short, cool shower is a great way to cool your skin and help you feel fresh. You can also cool down (along with the kids) under a refreshing garden hose sprinkle.
February
28

Venture through the streets of Savannah and you're sure to see this beautiful, timeless tradition: Wrought Iron. It's evident, either on, or in the furnishings of most of Savannah's historic homes. But where does this style and tradition begin?

Cora Bett Thomas Realty took a history lesson and is excited to share it with you! The term "wrought iron" originates from the past tense form of the verb to work. Over time the word "wrought" was replaced by the word "worked." So literally, the term means "worked iron." Which makes sense… because the decorative scrollwork is hammered and worked (or wrought) by hand.

If you think back in time, and picture historical architecture, chances are you'll see wrought iron somewhere. It's grandiose! Seen in some of the most beautiful European castles and in America's largest house: The Biltmore. But even more than that, it was used, in history, to build warships, create railways, fight wars and build kingdoms. After centuries of direct exposure to the elements, it is still visible today in historic doors, gates, railings, and fences in some of America's favorite cities: Boston, New York, San Francisco, New Orleans, Charleston, and most especially Savannah. Its strength, durability, and beauty stand out!

In Savannah, the textures and patterns are unique to each home. The wrought iron is used as ornate entryways into lush gardens, entryways into homes, and railings along front porches. Whatever the use, it's breathtaking, it's timeless, and it's SO Savannah! Wrought Iron has satisfied people's styles and needs for thousands of years… We are excited to see the great value it carries for years to come!

 

January
23

Hello, 2020! It's a new year, a new decade, and a new chance to be the best version of you. Many new year's resolutions surround a healthier lifestyle. Cora Bett Thomas Realty has compiled a list of some of the trending health habits for 2020: 

 

Home is where the gym is 

 

This year, the fitness trend is ease of access. How can you fit 30 minutes of activity in your day without taking away from other aspects? The answer? Workout in the comfort of your own home. 

Fitness equipment is becoming more and more high tech. From the bikes, treadmills, and row machines to the personalized workout apps on your phone. You get a workout instructor right in your living room, without having that added cost or hassle of going anywhere. 

 

Declutter your house 

 

Spring cleaning is a term we all know very well! But what about a deep clean and declutter this winter? During the winter months, we spend the most time in our homes, so grab your dust cloth and a few trash bags and make your home feel as good as new. 

Make a checklist of things that you don't think about doing regularly: replace your air filters, wash your windows, degrease your oven, clean your gutters, and empty your dryer vents. These are easy tasks that you can assign just a portion of your day to. Then pick a room or a space in your home, and focus on getting rid of items you haven't used throughout the year. The more stuff you have, the more places dust can settle.

 

Take advantage of where you live

 

Take a walk in a new part of town, eat at a restaurant you've never been to before, and be a tourist in your own town! Savannah is the perfect place to do all of these things. Another new year's trend is loving where you are at, so we are taking this quite literally and soaking in the charm, cuisine, and history of the Hostess City

Do you love walks at Forsyth Park? Shake things up a bit and head to Daffin Park or walk along the squares downtown instead. Have you been talking about trying that new restaurant in Savannah? Make a reservation and take your friend there this weekend. Savannah is culturally rich. Have you always wondered what that old brick building is that you pass on your way to work every day? Take time and go on an architectural tour. 2020 is the year to soak it all in! 

 

Meditation

 

Last but not least, make time for yourself. Meditation and yoga aren't just trendy anymore… They are necessary and helpful to your well being. Meditation is different for everyone: write in a journal, listen to the waves crash onshore at Tybee, or head to a yoga class. Whether you choose to do it in the comfort of your own home or find a studio that makes you feel at home, take 30 minutes a day to focus on YOU!

January
22

Savannah is special for so many reasons! It's proximity to some of the most beautiful places in the world is one of them. Here at Cora Bett Thomas Realty, we love to travel, even if it is just a one day trip or a weekend getaway! Here are a couple of our "one tank wonders" and why we love them so: 

Beach Escape: St. Simons

Less than 100 miles away from Savannah, and just south along the coast, sits an inviting island with breathtaking beaches, challenging golf courses, and good eats. St. Simons is the largest barrier island in the Golden Isles. It's great for the whole family, just a girls getaway, or a weekend for those adventurous men. And we of course love St. Simons in the fall!  

Personalize your stay! You could make it as relaxing or on-the-go as you wish! Stay in a rental home or a quaint inn. One of our favorite places to stay is on Sea Island, where southern charm fills the air. Head out early for fishing, golf, or a day on the beach. Soak in the rich history at their heritage center or restored lighthouse. Indulge in some of the best seafood. That's the best part about a weekend getaway to St. Simons, there's something for everyone to enjoy! 

 

Southern Hospitality: Beaufort

Take a short hour drive across state lines, and the charm of this small southern town will make you feel right at home. Voted the South's Best Small Town by Southern Living, this is a must-add to your travel list for 2020. You will be greeted by endless Civil War-era homes, relaxation, and gorgeous trees that have greeted visitors since 1512. Beaufort has a quaint downtown loaded with great resturants and shops

 

The Rhett House Inn is an upscale bed & breakfast you should book for your stay. Take time to shop, relax along the waterfront, and dine with some of the best. 

Explore Bluff Life: Palmetto Bluff

Much different than the rest, and not even an hour away, you will find serenity in a community that's enriched by wilderness, unspoiled rivers, and nature. This is a peaceful and beautiful way to see the Lowcountry. This 20,000 acre community is best known for those that make it home. But there are rooms, suites, and majestic homes for you to stay during a short vacation. Once you've arrived, enjoy a much needed day at the spa, witness the 32 miles of waterfront, and take part in the sporting life. Whatever you decide, don't forget to bring your camera!

 

Have you traveled to any of these places? Be sure to tag us on social to share your experiences with us!

January
21

 

Dallas, Chicago, Charlotte, Atlanta, D.C., New York City, Boston, and Miami. What do all of these cities have in common? They are direct flight cities to and from our beautiful home in Savannah. This is just a short list of Cora Bett Thomas' favorites, but there are plenty more. 15 cities to be exact. 

New York City is at the top of her list when it comes to a day or weekend trip somewhere. She loves to shop, grab lunch at Bergdorf Goodman, and meet new people. "You never meet a stranger in the city," says Cora Bett. And that couldn't be more true. She is known for connecting people and places, and becoming friends with everyone.

These direct flight opportunities are good for both tourism and for permanent residents. Visitors are able to get here with ease and fall in love with Savannah. All while Savannahians are able to get out and see the world without having to spend excessive money, or stop in 3 other cities along the way. 

As the hostess city continues to grow, we'll see more and more opportunities for travel. 

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