Posts Tagged ‘Home’


217,726 Reasons to Buy a Home Now!

June 10, 2015


The inaugural Opportunity Cost Report was released recently by The report explained that “with interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today’s market have become very steep”.

The report estimates that, based on today’s dollars, the average purchaser would accumulate $217,726 in increased wealth over a 30-year period.

(You can get the projected wealth increase for almost 100 metros here.)

What could this mean to someone sitting on the fence waiting to buy?

Experts believe that both home prices and mortgage interest rates will increase over the next twelve months. Obviously, if this does happen, the monthly cost of a home a year from now will be dramatically higher than it is today. The Opportunity Cost Reportbreaks down exactly how much a purchaser could lose over increments of one year and three years. Here are the results based on an average purchaser in the U.S. delaying their purchase:

The Cost of Waiting to Buy | Keeping Current Matters

Bottom Line

If you are ready, willing and able to buy a home, waiting doesn’t make sense.


Change is good…let’s get into home design

February 29, 2012










For years I have been writing about market conditions and lenders and the federal government’s role in real estate. I’m still going to do that but…I’m also going to start writing some hints and tips to help you get your home SOLD in these challenging times.

For starters – I recently had a homeowner approach me about selling their home inOrlando. They asked me to stop by to view their home. What did I find? A carport full of junk (think hoarder), dead grass and a very unappealing entry to this charming home.

I told the Sellers that before we did ANYTHING – they had to clean up the front, put in new grass and add some orange shutters, window boxes, and paint the front door, etc. In other words – create charm. They did so and sold their home quickly.

No matter how you live daily…you have to live differently when you are selling your home. A lovely and charming entry is going to entice people to look at the inside of your home. If a home looks neglected – Buyers won’t give it a second chance.

Today color is HUGE. The orange (think coral) shutters and window boxes made a giant impact on the Sellers’ home. They did not have to buy tons of new plants, just fill the window boxes and replace the lawn with new grass. The whole change was under $2,000 and they got it all back on the sale of their home. In fact, the Sellers wondered if they should sell once the house looked so cute.

Just like anything – first impressions count. Make yours memorable.


Home is where the Mom is…

May 8, 2011


Today I was reminded that there are many things you could buy Mom for this special day but the one thing that Mom’s make possible for us is a place we can call home.

In short, Mom = home.

While renting may be at an all time high and homes are not selling as quickly as real estate agents might like – I still know that Mom’s everywhere want to give their families a “home” regardless of their current conditions. It’s important to most Mom’s that you have a safe place filled with love, laughter, and best of all, home cooking!

I don’t believe home ownership will ever go out of style. There is just something special about owning your own home and making it perfect for your family.

As the old saying goes “No matter what, no matter where – it’s always home if Mom is there.”

Happy Mother’s Day.


Rent vs. Buy

August 25, 2010



It’s the age-old debate in real estate – what formulaic equation can you come up with to justify whether you should rent or buy in any given market. I’m here to tell you – formulas don’t work. 

For instance, Trulia reports that “, a real estate for-sale listings site that also recently began listing rentals, has launched its own rent vs. buy calculator. If you’re trying to decide on a city, it also created a Rent vs. Buy Index for 50 major cities. The index compares the costs of buying a two-bedroom condo with the costs of renting one.” 

But what Trulia and others don’t consider is that it’s more emotional than dollars and cents. There is still a certain joy in OWNING your home. There’s a wonderful feeling when you get a tax deduction on your residence but an even more wonderful feeling when you walk in and know it is YOUR home and you don’t answer to anyone else about paint, carpet, dogs, guests, etc. It’s your home. You can do anything you want to it. You don’t have to worry about any nicks or bruises and you can decorate and nail the heck out of your walls. It’s YOUR home. 

We’ve just come out of a cycle in real estate where everyone looked at their home as an investment. This obviously didn’t work out too well for many people. Now we are back to looking at our homes as a place to raise our families and to live our lives. If we make money – even better. 

Renting has its place and its merits. But I still, even now, don’t think it can ever beat owning a home. There is no amount of money that can beat the feeling and pride of ownership.


Cost effective tips to help you sell your home in 2010

December 28, 2009

Planning on selling your home in 2010? Looking for a cost-effective way to add value without spending a lot of money? Below are some tips from HGTV FrontDoor on improvements that will surely impress prospective buyers – all for under $500!

Tip 1: Spend an hour with a pro.

Invite a Realtor or interior designer over to check out your home. Many Realtors will do this as a courtesy, but you’ll probably have to pay a consultation fee to a designer. Even small suggestions, such as paint colors or furniture placement, can go a long way toward improving the look and feel of your home.

Tip 2: Paint, paint, paint.

One of the simplest, most cost-effective improvements of all is a fresh coat of paint. Newly painted rooms look clean and updated — and that spells value. Neutral paint colors appeal to the greatest number of people, making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, tape, drop cloths and brushes.

Tip 3: Save the popcorn for the movies.

Few structural elements date a house more than popcorn ceilings. So dedicate a weekend to ditching the dated look and adding dollar signs to the value of your home. First, visit your local hardware store for a solution to soften the texture. Then, simply scrape the popcorn away. It’ll bring your house into the new millennium with minimal cost and effort.

Tip 4: Cleanliness counts.

You only get one shot at a first impression, so make the interior of your home shine from the entrance to the exit. For less than $400, you can hire a cleaning service for a thorough top-to-bottom scrubbing. Even if you clean your home regularly, you likely miss or overlook some nooks and crannies.

Tip 5: Small bathroom updates equal a big return.

Bathroom updates are always a smart move. Even if you can’t afford a full remodel, small changes can update the room without bruising your bottom line. For a quick, inexpensive face lift, replace dated wallpaper or light fixtures with updated paint and lighting.

Do you have any other budget conscious ideas on how to add value to your home?

Courtesy of:


Biggest Losers: 20 Home Design Features That Send Buyers Running

December 24, 2009

By Barbara Ballinger, Architecture Coach columnist and guest blogger


Design glitches draw attention away from a home’s best features. Don’t let out-of-date fixtures and unappealing decor cost you a sale. While some buyers may actually appreciate “vintage” features, home and design experts say these 20 features almost always serve as a turnoff.

1. Dated and excessively bold or dark paint and tile colors, such as “Pepto Bismol” pink, avocado green, deep plum, or jet black. “Dark can be cool, but it has to be a color that’s popular today,” says sales associate Jennifer Ames, crs®, of Coldwell Banker Residential Brokerage in Chicago.

2. Lacquered or high-gloss painted walls that are expensive to repaint and show all defects. Likewise, faux- and sponge-painted walls can be so passe.

3. Painted trim that’s very dark-and costly to remove.

4. Wallpaper, which is a lot of work (and potentially expensive) to remove. Most disliked: Dated flowered or striped patterns.

5. Kitchens that lack any dining space. Also, outdated, small-scale, and dirty kitchen appliances that look like they won’t perform.

6. Worn, cracked laminate countertops, and backsplashes or plastic cultured marble.

7. Outdated bathrooms with small sinks, short toilets, squatty bathtubs, and tight showers-all of which aren’t conducive to unwinding after a long day’s work, says Ames.

8. Lack of ample closet space in bedrooms, or no closet at all and no place to build one or add an armoire.

9. Dens, libraries, and family rooms without built-in bookcases or a space to include shelves.

10. Stained and worn wall-to-wall carpet in rooms or on stairs. Worst choice: shag. Also, worn linoleum that suggests a house was never updated.

11. Poorly built additions that don’t blend with a home’s architecture, such as a sunroom with tinted glass.

12. Shortage of windows or very small windows, which makes a home feels dark and gloomy.

13. Ceilings with so many recessed lighting spots that they resemble Swiss cheese and are expensive to remove. Worst offenders: big 6-inch diameter lights.

14. Too many rooms outside the kitchen and bathroom that have cold ceramic tiled floors.

15. Children’s bedrooms with a theme that runs through the carpeting, wallpaper, murals, ceilings, light fixtures, curtains, and furnishings.

16. Homes without a foyer or garage.

17. Too many mirrored walls, ceilings, doors, and backsplashes in a single room. The effect is dizzying, Ames says. One mirror magnifies, but many cheapen the look.

18. Skimpy molding and trim, such as 1-inch baseboards.

19. Noisy, grinding fan in a bathroom that’s attached to a light switch so it can’t be turned off.

20. Inexpensive gold-colored light fixtures in any room. Also,  Hollywood-style lighting with huge bulbs in a bathroom is also out of date, design experts say.


Happy Thanksgiving

November 27, 2009

At this time of year – I hope everyone remembers that

what is really important about our “homes” are the

people in them – that’s what make a house a home.


We are so lucky to have a roof over our heads, food on our tables and love in our homes. From my home to yours…HAPPY HOLIDAYS.

“The most important work you and I will ever do will be within the walls of our own homes”. Harold Lee

“My home is not a place, it is people”.  Lois Bujold