Re-Posted from http://realtormag.realtor.org/daily-news/2017/02/13/study-small-homes-appreciate-faster DAILY REAL ESTATE NEWS | MONDAY, FEBRUARY 13, 2017 Bigger isn’t necessarily better when it comes to appreciation. In fact, a new study shows that smaller homes likely will offer a bigger percentage return on a home shopper’s investment. A new study conducted by NerdWallet culled three years of listing data from realtor.com® of the 20 of the largest U.S. metro areas and shows that smaller homes, in general, appreciate at a faster rate than larger homes. Markets can vary greatly, however. In 17 of the 20 metro areas analyzed, listing prices of the smallest 25 percent homes rose faster when calculated as a percentage, according to NerdWallet. The median annual growth rate for the smallest quartile of homes was 8.9 percent from 2013 to 2016, the study showed. The second smallest group of homes had the second-fastest growth rate: a median annual growth of 7.4 percent. Florida had two of the metro areas that saw the fastest rate of price appreciation among smallest homes. In Miami-Fort Lauderdale-West Palm Beach, the smallest quartile of homes appreciated by a whopping 19.5 percent each year from 2013 to 2016. In close second, Tampa-St. Petersburg-Clearwater saw its smallest quartiles of homes appreciate by 16.6 percent annually. Still, while the smallest homes appreciate fastest when viewed as percentage, larger homes appreciate fastest by absolute dollar amount, the study showed. That’s not surprising given a larger home often comes with a heftier price too. Case in point, the smallest homes in the metro areas NerdWallet analyzed saw appreciation, on average, of about $57,535 between 2013 and 2016. Within that same time period, the largest homes saw prices rise, on average, by $99,790. Richard K. Green, a professor and chair of the Lusk Center for Real Estate at the University of Southern California, says one reason smaller homes are likely appreciating faster is due to less inventory of starter homes available. Buyer demand for starter, smaller homes remains high, however. That could be pushing prices higher, he says. Source: “Small Homes Can Offer Big Returns,” NerdWallet (Feb. 7, 2017)...

Re-Posted from http://styledstagedsold.blogs.realtor.org/2017/02/06/do-a-foundation-check-5-things-to-watch-for/ by Melissa Tracey on February 6, 2017 Take a closer look at the home’s foundation before buying, says Matt Stock, president of U.S. Waterproofing, based in the Chicago area. An undisclosed structural foundation repair could leave a new buyer facing a price tag of $20,000 or more. “We’ve seen foundations sink 8 inches,” says Stock. “That was a $150,000 repair for the homeowner.” Stock offers the following tips on how to detect foundation issues on your own and when to call in an inspector for further investigation: 1. Does it smell like mold or mildew? A foundation leak could be the cause. 2. Look for cracks in outside foundation outside and cracks in brickwork. Do you notice a leaning or tilting chimney? 3. Investigate the driveway and garage door too as well as the concrete patios looking for cracks as well. 4. In the basement, are there signs of water damage (e.g. peeling paint; chalky deposits left after water dries)? 5. Do doors or windows stick when opening/shutting? That is a tell tale sign of foundation damage. If you suspect any issues, be sure to have a licensed home inspector do a thorough inspection of the foundation. “The last thing we want people to go through is a surprise $30,000 foundation repair charge upon moving into their dream home,” Stock...

  *This infographic was produced by ChoiceHomeWarranty.com. Re-Posted...

Re-Posted from http://realtormag.realtor.org/daily-news/2017/04/18/what-really-makes-property-appreciate DAILY REAL ESTATE NEWS | TUESDAY, APRIL 18, 2017 A home’s value generally appreciates 3 percent to 4 percent every year, which is attributed mostly to population growth and inflation. However in 2016, homeowners saw appreciation jump to an average of 6.3 percent. Realtor.com®’s research team sought to find out what would boost a home’s value even more and what home features buyers may be willing to pay more for. Researchers analyzed millions of listings on realtor.com® from 2011 to 2016 to calculate the annual price growth rate of homes with certain features. Here are some of the clear winners in housing appreciation: Small homes: Homes smaller than 1,200 square feet appreciated by an average rate of 7.5 percent a year for the past five years. On the other hand, larger homes of 2,400 square feet or more rose by 3.8 percent a year. The smaller-home demand is being driven by millennials wanting to enter the market with a more affordable starter home and baby boomers who are looking to downsize, realtor.com® notes. Further, smaller homes are in shorter supply, which is prompting prices to increase more due to the high demand, says Jonathan Miller, president of Miller Samuel, a real estate appraisal firm. Two-bedroom homes: Homes with two bedrooms appreciate at a rate of 6.6 percent a year, compared to homes with five bedrooms that appreciate at 4.3 percent a year, realtor.com®’s research team found. Open floor plans: Homes with open floor plans appreciate 7.4 percent a year. It’s the hottest appreciating home feature that realtor.com® studied (see side for full list). As for features like stainless steel and granite, Miller says those amenities don’t really add any value to a home. “Those are what I call ‘have-to-have’ features,” Miller says. “A home needs to have them in a competitive market. But they don’t add long-term value. … Ten years from now, when you update your kitchen, they’ll be replaced.” Modern and contemporary homes: Modern and contemporary architectural styles have the highest potential for appreciation, increasing at about 7.7 percent annually. This style of home is known for simple, geometric shapes, and large windows. Newly constructed modern homes also tend to be energy efficient. Bungalows and Traditional are the next highest appreciating styles at 6.5 percent and 5.6 percent, respectively. Meanwhile, niche styles like Craftsman bungalows and Victorians are among the lowest appreciating architectural styles, at 3.7 percent and 2.2 percent, respectively. Researchers speculate that may be due to some of the maintenance responsibilities in staying true to the home’s historical architecture that is often connected to these styles of homes. Green space views: Homes with a park view appreciate at 7.9 percent a year, realtor.com®’s research team found....

From post on http://realtormag.realtor.org/home-and-design/feature/article/2015/10/understated-master-bathroom BY BARBARA BALLINGER Master bathrooms, along with the average home’s overall footprint, grew larger in recent decades. And with more square footage came excessive luxury and expense—tubs with aromatherapy kits, exotic countertop materials, coffee makers, small refrigerators, and showers for two with an arsenal of body sprays that performed like a human-sized car wash. But changes are afoot. As homes have decreased in size, many people prefer to put any extra space into other areas of the house, such as closets, says Stephanie Pierce, senior manager of the design studio at MasterBrand Cabinets. They also don’t always see the need for more than one tub in the house, and often there’s already one located in bathrooms designated for children or guests. Concern about getting money that’s been invested in a remodel back at resale is another driving force spurring home owners to spend less on master bathrooms. It’s tough to justify significant expenditures when buyers seem to attach greater value to adding a deck or replacing a garage or entry door, according to the 2015 “Cost vs. Value” report. Bathrooms remodeled with upscale finishes and fixtures, for example, cost around $54,115 this past year and returned only an estimated 60 percent of that in the sales price. Less costly midrange redos brought back a better return of 70 percent, according to the same survey. Yet, having a personalized, functional master bathroom with a touch of luxury remains a buyer priority. “People aren’t going to the extreme they once did, but they want a room that looks fresh,” says Sarah Barnard, a designer in Santa Monica, Calif. Rather than relying on trends from the hotel industry as has been popular in years past, Elissa Morgante of Morgante-Wilson Architects in Chicago says, home owners are more likely to use their own needs as inspiration. Case in point: Nikki Wheeler resisted a designer friend’s advice when remodeling her master bathroom in her 1890s Denver home. “She was pushing me to knock down walls to create a magnificent oasis. I thought with an older, more historic home, creating these giant hotel-style bathrooms didn’t fit,” she says. Wheeler kept within the existing footprint, adding a vaulted ceiling and upgrading the shower, countertop, cabinets, and floor. Making these types of changes can make a big difference when selling, says sales associate Paul Wyman of The Wyman Group in Kokomo, Ind. An outdated bathroom requires a lot of work, and most buyers will favor a house with a redone bathroom over an unfinished one, he says. Today’s understated master bathrooms are influenced by the following eight style categories. Encourage your buyers and sellers to pick and choose which upgrades or which categories...

From post on http://www.forbes.com/sites/houzz/2017/01/06/top-10-home-design-trends-to-expect-in-2017/#6442c8b031d5 JAN 6, 2017 @ 06:00 AM Mitchell Parker, Houzz Editorial Staff Looking for some great ideas for your home? How about a voice-activated assistant that will give you a weather update while you pour coffee into a preheated mug from a warming drawer? Not your style? No worries — there’s something for everyone in this preview of 2017 design trends. We plowed into Houzz data, sifted through popular photos and articles, and talked to industry leaders for this look at 10 things we think you’ll be seeing more of in the home in 2017. 1. Satin brass. Brass finishes have been making a comeback in recent years, cherished for their ability to bring shiny golden tones to a space without the high price tag. But more recently, designers like Elizabeth Lawson have been turning away from the reflective finish of polished brass and embracing satin or brushed brass, which is more muted and warm. “I especially like a satin brass finish because it’s transitional and can complement a number of styles,” says Lawson, who used the finish in the kitchen shown here. “It also looks amazing against almost any color of the rainbow. I think we’ll continue to see rooms with satin brass for quite some time and also possibly mixed with other finishes for a more eclectic look.” 2. Voice-activated assistants. There’s been a lot of talk about voice assistants in the home. It’s something Shawn DuBravac, chief economist of the Consumer Technology Association, which puts on the Consumer Electronics Show every year in Las Vegas (Jan. 5 to 8, 2017), says will be big in 2017. Amazon’s Alexa, which is enabled in the Echo Dot shown on this side table, acts as a voice-activated interface for many smart home devices. Google Home’s voice assistant launched about a month ago. These devices work through activation phrases like “Alexa” or “OK Google.” The devices, placed throughout your home, are always listening in somewhat of a dormant state. Say the activation phrase, and the device fires up and awaits your command. Ask it to give you the weather or play a song from Spotify or dim your lights or power up the hot tub. Early last year, Amazon opened its platform to third parties and has since added thousands of integrated features from smart home companies like Lutron, Crestron, Philips Hue, Wemo, Honeywell, Nest, Samsung Smart Home to other services from Uber, Domino’s, NPR and more. Google Home just launched its voice-activated assistant about a month ago, and DuBravac says he expects the company to open the platform to third-party companies soon. “What you’re seeing is continued maturing of the smart home ecosystem,” he says. “It’s...