Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

The current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong!

Homes are more affordable right now than at almost any time in our country’s history except for the foreclosure years (2009-2015) when homes sold at major discounts. As an example, below is a graph from the latest Black Knight Mortgage Monitor showing the percentage of median income needed to buy a medium-priced home in the country today in comparison to prior to the housing bubble and bust.

As we can see, the percentage necessary is less now than in those time periods.

The Mortgage Monitor also explains that home affordability is better today than it was in the late 1990s in 47 of 50 states.

Bottom Line

Your friends and family have your best interests at heart. However, when it comes to buying your first home or selling your current house to buy the home of your dreams, let’s get together to discuss what your best move is, now.

 

Posted by The KCM Crew

Ready to buy? Click HERE to start your home search!

Advertisements

5 Signs You Need to Upgrade Your Kitchen

Brighten it, expand it, organize it — whatever it needs, your kitchen is an update away from ideal.

Your kitchen is likely the most loved room in your home — and the wear and tear proves it. It’s the hangout for hungry teenagers, the conversation station during the holidays and the catch-up room after a busy workday.

A functional and appealing kitchen is important not only for your family but for your guests, too. After all, a delicious meal is only so appealing in a messy and cluttered kitchen.

Here are five signs that your kitchen may need an upgrade.

1. Outdated appliances

Perhaps they were there when you moved in, or maybe they came with you decades ago when you bought the home. Either way, outdated appliances are usually less attractive and drain more energy than newer models on the market.

Consider their safety, too. If you have to press a secret combination of buttons and chant a spell to light your range, it’s time to upgrade to newer, safer appliances.

When you do upgrade, consult a professional electrician to make sure everything is wired properly and up to code.

2. Damage and wear

Nobody expects your kitchen to stay in like-new condition forever, but damage beyond normal wear and tear needs addressing.

Water damage from a leaking fridge or dishwasher can cause mold on and underneath the flooring or peeling on the countertops, floors and walls, depending on the materials.

Cracked, peeling or chipped countertops and floors are prime spots for dangerous bacteria to reside — and hide from cleaning supplies. Even clean counters and floors with stains can cause your guests to think twice when they’re invited over a second time.

Upgrading to newer counters made from a durable material like granite is a good investment that can last practically a lifetime.

3. Not enough counter space

If your counters are covered with appliances, utensils and food, you need an upgrade. Ideally, your counters should always be clutter-free, and everything should have an easily accessible place.

Adding more counter space doesn’t have to mean tearing down walls and rehauling the layout. If your floor plan allows, installing an island is a great and relatively simple way to add counter space.

If it’s not the space but the clutter that’s the problem, larger cabinets or deeper drawers will increase storage so you can reclaim your counters.

4. You can’t find anything

Do you look forward to cooking or dread the time commitment? How much time is actually spent on food prep versus searching for the right utensils, appliances and dishware?

A disorganized kitchen makes it difficult to find anything, which can cause anxiety over cooking and render your kitchen useless. A fresh design and organization strategy is a worthy investment to get you eating in your own home again and enjoying the cooking process.

5. Your house won’t sell

Saving for your new home is often the priority when moving. But upgrading your current kitchen before you go is an investment that may very well pay for itself.

Home shoppers often gravitate first toward the kitchen. So, if you’ve been having trouble selling your home and the kitchen’s outdated — that could be the reason.

Buyers are usually more interested in move-in ready homes that require little or no remodeling. A more appealing, upgraded kitchen can be a motivating factor for buyers, hopefully resulting in less time on the market and a better selling price.

Make the necessary upgrades when the time comes, and your kitchen will reclaim its rightful place as the heart of the home.

 

Posted by Luke Caldwell on Zillow

7 Kitchen Items You Really Need for Thanksgiving: Do You Have Them All?

Nobody wants unnecessary kitchen clutter. Marie Kondo and Alton Brownhave drilled it into our heads that our artfully arranged kitchen storage spaces should be stocked (never stuffed) only with multipurpose, untrendy, chef-style kitchen gear; leave the Spiralyzer for somebody else’s yard sale! And yet, if you’re planning to host a classic turkey-and-fixin’s Thanksgiving dinner every year, there are a few specialty items that you’re better off investing in. And yes, some of them are even (gasp) uni-taskers.

We talked to Kristen Miglore, creative director at Food52.com, to reveal some kitchen gear you actually need for Thanksgiving dinner.

1. A roasting pan with nonstick rack

Classic stainless-steel roasting pan with nonstick rack from Mauvielfood52.com

The most essential piece: a place to cook that bird. Sure, you could wrestle a disposable foil roasting pan on top of a cookie sheet, but it takes only one wrong move with those flimsy things and your precious bird is all over the floor.

“A sturdy roasting pan with a nonstick rack will make your life so much easier on Turkey Day,” says Miglore. It’s a pan you can actually use year-round for roasting chickens, big cuts of beef, fish, or even veggies. “I just used mine to braise a couple of bunches of collard greens last week—the pan was stuffed!”

This Mauviel version (above) includes a rack and flavor injector ($170, Food52.com). A more budget-friendly choice is available as an Amazon special ($30.56, Amazon.com).

2. A fat separator

A fat separator makes making gravy a snap.oxo.com

“A fat separator is a one-off, but they’re inexpensive, and by that point in the day, you’ll be very glad you have it,” says Miglore. Fat separators make it easy to extract the meat drippings from the fat by allowing the fat to rise to the top. The spout pulls from the bottom of the cup, so that you get only the lean juices.

This Oxo version ($14.99, Oxo.com) has a 4-cup capacity, stopper, and strainer cap on the top to catch little pieces of vegetables or spices that fall in with your drippings as you pour off the pan. If your family is like mine, good gravy is perhaps the most essential part of the holiday meal, but getting it right can be tricky, especially if you make it only once a year. Treat yourself to a fat separator, and make that last-minute task stress-free.

3. A long, sharp carving knife

Dansk Classic Fjord teak-handled carving setfood52.com

A sharp chef’s knife can work in a pinch, but if you’re going to do it right, a carving set is the way to go.

According to Miglore, a proper carving set should include the stabilizing fork that makes carving much easier. And when the pressure is on, you should probably take every advantage you can get. Nobody wants to see the looks of horror on their guests’ faces as they destroy an innocent roast turkey in front of them.

If you want to splurge, this teak-handled set above ($79, Food52.com) is perfect for special occasion roasts. The reviewers at Wirecutter suggest a more affordable set from Messermeister ($48.95, Amazon.com) for its “good looks, wallet-friendly price, and high performance.”

4. A meat thermometer

The Lavatools meat thermometer keeps overcooked turkey at bay.amazon.com

Gone are the days of waiting for a button timer to pop up on the turkey and calling it done. Inaccurate cooking results in dry, overcooked turkey breasts and/or dangerously undercooked thighs. There are a host of techniques for producing the perfect, juicy, delicious bird, but all involve a meat thermometer.

“I pull out my meat thermometer not just on Thanksgiving, but to be more confident every time I roast a chicken or sear a steak,” explains Miglore.

If you want a basic model, the Lavatools PT12 above ($24.99, Amazon.com) is recommended by Wired for its fast readings and Thermapen-style folding probe. If you prefer to read the temperature from afar without having to open the oven, the ThermoPro TP07 is a best-seller ($35.99, Amazon.com) and has a 300-foot range, pre-set meat temperatures, and programmable temperature alert options.

5. A big carving board with a moat

A cutting board with a moat is ideal for juicy turkeys.food52.com

“A big carving board with a moat will save you from having juices escape onto your counter,” explains Miglore.

Great for cutting anything with juice, from turkey to watermelon, a cutting board with a moat is the rare kitchen tool that is incredibly practical but also beautiful and special for the holiday.

Food52 sells this eco-friendly 24-by-18-inch model ($130, Food52.com). For smaller kitchens, Kohl’s has a 16-by-12-inch model ($37.99, Kohls.com).

6. A large, rimmed serving platter

This huge, rimmed platter is the perfect turkey presentation device.Fishseddy.com

“A large serving platter with a good rim is handy for passing at the table,” says Miglore.

If you’re not planning to carve the turkey at the table, it’s also the perfect vessel for getting your turkey from the kitchen to the table. Without a rim on your platter, it’s easy to spill turkey juice over the side—especially if the person bearing the platter has been indulging in predinner cocktails. It’s best to play it safe. This 20-inch platter from Fishs Eddy is what I use ($42.95, Fishseddy.com). It doubles in the summer as a gigantic salad platter.

7. Quality pie pans

Having decent pie pans is so worth it.Amazon.com

Pie can be a fiddly thing to make. The crust can be fussy: It has to be browned but not burned, and baked just right so the filling is set but not dry. My first few years hosting Thanksgiving, I used disposable pie pans, but they broke the crust if you let them bend at all while moving them. The next year, I cheaped out and got glass pie pans at the dollar store. I paid the price because one of them split in half in the heat of the oven, ruining that pie and flooding the oven floor with uncooked filling.

The lesson I learned, twice, was to pony up for decent pie pans, even if you use them only once a year. They’re easy to store and just might motivate you to bake a peach pie this summer. This Pyrex three-pack from Amazon has nice handles and is extremely affordable ($13.17, Amazon.com).

 

Posted by Audrey Ference on realtor.com

5 DIY Ways to Stage Your Home’s Exterior for Winter Home Selling

Winter can be a tough time of year to sell your home, particularly in areas that see colder or inclement weather. The biggest issue that homeowners face in attempting to sell at this time of year, is the curb appeal; with piles of snow and no leaves on the trees, it can be hard to show your home in its best light.

There are ways that you can help to improve your home’s appearance, however, no matter what time of year you put it on the market. These 5 DIY tips for staging your home’s exterior for winter selling will help you make that crucial first impression that buyers are looking for.

Get the Snow Off

Buyers want to see the condition of your home, including areas like the porch, outdoor deck, and roof, which may all be areas where the snow collects during the winter months. Keeping these areas free of snow and ice means that buyers can get a better sense of what your home really looks like. It also means that they can get a better idea of things like your roofing shingles and their condition.

Removing snow from these areas also has the added benefit of making your home appear well maintained. You want to remove snow any way to help protect your roof from leaks and ice dams; by taking the snow off before a showing, you let buyers know the home is being cared for.

Add Some Greenery

During the summer months, your yard and landscaping are in full bloom and can help improve your curb appeal. During the winter months, however, when everything is brown or leafless, this can have the opposite effect of what you want from buyer’s first impressions.

Purchase some greenery in urns to place around your front door and walkway. Evergreen plants in large tubs that can be brought out for a showing can help recreate the effect of well-maintained landscaping. Anywhere your home or yard looks a little barren at this time of year is a great place to add some greens to help brighten things up.

Add Exterior Lights

The days are shorter during the winter months, which means that buyers arriving in the late afternoon or evening to view your home may not see it in the best light. Add some solar lights to the walkway leading up to your house, and consider swapping out the bulbs in any sconces you have next to the door for full spectrum lights.

Full spectrum lights will help ensure your house siding color looks more the way that it does when the sun is hitting it, which can help buyers get a better idea of what your home will look like in other times of year. If you don’t have lights currently installed, consider adding temporary solar lights that will turn on when people walk by to illuminate the front of your home more effectively.

Brighten Up Your Front Door

While the winter months aren’t the best time to give a new coat of paint to your house siding, it’s not a bad idea to freshen up your front door color. A bright, cheerful front door can go a long way toward making your home look more inviting, no matter how cold or dismal the weather is.

Look for a house color that’s a little bolder than you would ordinarily choose, as you want it to show up even in the poor light of winter. Reds, turquoise blue, and even orange are good colors to paint your front door in the winter months.

Take Down the Holiday Decorations

Many people assume that leaving up decorations from late fall or the winter holidays will help make the home more lived in and therefore more appealing. Surprisingly though, many buyers don’t want to see these things; they want to envision what the house will look like when they move in. While it’s fine to have a wreath hanging on the door in December, make sure that come January the house is free of lights and garlands to ensure that buyers aren’t put off.

Get Your Home Ready for Sale

It doesn’t take much to get your home looking its best even in the winter months. Follow these tips to help improve your home’s exterior and get the quick sale you’re after, even in the colder months of the year.

 

Posted by HomeZada

Ready to sell? Visit our website today, and let one of our agents help you get started!

7 Reasons to List Your Home This Holiday Season

Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

Here are seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
  5. There is less competition for you as a seller right now. Let’s take a look at listing inventory as compared to the same time last year:

  1. The desire to own a home doesn’t stop when the holidays come. Buyers who were unable to find their dream home during the busy spring and summer months are still searching!
  2. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge reaching new heights in 2018, which will lessen the demand for your house.

Bottom Line

Waiting until after the holidays to sell your home probably doesn’t make sense.

 

Posted by The KCM Crew

Ready to sell? Visit our website to find your home’s value, meet our agents and more!

A Housing Bubble? Industry Experts Say NO!

Housing

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008.

Recently, five housing experts weighed in on the question.

Rick Sharga, Executive VP at Ten-X:

“We’re definitely not in a bubble.”

“We have a handful of markets that are frothy and probably have hit an affordability wall of sorts but…while prices nominally have surpassed the 2006 peak, we’re not talking about 2006 dollars.”

Christopher Thornberg, Partner at Beacon Economics:

“There is no direct or indirect sign of any kind of bubble.”

“Steady as she goes. Prices continue to rise. Sales roughly flat.…Overall this market is in an almost boring place.”

Bill McBride, Calculated Risk:

“I wouldn’t call house prices a bubble.”

“So prices may be a little overvalued, but there is little speculation and I don’t expect house prices to decline nationally like during the bust.”

David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices:

“Housing is not repeating the bubble period of 2000-2006.”

“…price increases vary unlike the earlier period when rising prices were almost universal; the number of homes sold annually is 20% less today than in the earlier period and the months’ supply is declining, not surging.”

Bing Bai & Edward Golding, Urban Institute:

“We are not in a bubble and nowhere near the situation preceding the 2008 housing crisis.”

“Despite recent increases, house prices remain affordable by historical standards, suggesting that home prices are tracking a broader economic expansion.”

Posted by The KCM Crew

5 Reasons Homeownership Makes ‘Cents’

The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities.

Today we want to talk about the top 5 financial reasons you should own your own home.

  1. Homeownership is a form of forced savings – Paying your mortgage each month allows you to build equity in your home that you can tap into later in life for renovations, to pay off high-interest credit card debt, or even send a child to college. As a renter, you guarantee that your landlord is the person with that equity.
  2. Homeownership provides tax savings – One way to save on taxes is to own your own home. You may be able to deduct your mortgage interest, property taxes, and profits from selling your home, but make sure to always check with your accountant first to find out which tax advantages apply to you in your area.
  3. Homeownership allows you to lock in your monthly housing cost – When you purchase your home with a fixed-rate mortgage, you lock in your monthly housing cost for the next 5, 15, or 30 years. Interest rates have remained around 4% all year, marking some of the lowest rates in history. The value of your home will continue to rise with inflation, but your monthly costs will not.
  4. Buying a home is cheaper than renting – According to the latest report from Trulia, it is now 37.4% less expensive to buy a home of your own than to rent in the US. That number varies throughout the country but ranges from 6% cheaper in San Jose, CA to 57% cheaper in Detroit, MI.
  5. No other investment lets you live inside of it – You can choose to invest your money in gold or the stock market, but you will still need somewhere to live. In a home that you own, you can wake up every morning knowing that your investment is gaining value while providing you a safe place to live.

Bottom Line

Before you sign another lease, let’s get together to help you better understand all your options.

 

Posted by The KCM Crew