What to Expect In Real Estate 2019
2018 was a great year for real estate! Many property owners were able to exchange real estate that they had been holding onto for many years. Additionally, many new first time home buyers entered the market! In fact, according to recent statistics from NAR, millennial home buyers( those aged 37 and younger) made up the largest group of home purchasers.
The second largest group of home buyers was Baby Boomers ( those aged 53-71.) Inventory rose throughout the year an uptick in homes hit the market. However, the demands of the market still outpaced the amount of homes available. Thus, home values in many segments of the market increased in line with the steadily rising demand set forth by purchasers.
This year left many of us wondering, “What is in store for real estate in 2019?” I do not have a crystal ball to help you answer this question. But, I do have experience in the market, and an understanding of the current trends.
- Shifting Values – Market values are shifting. Many segments of the market are showing signs of slowing and yet others are still very strong. Expect to see more sifting values in 2019 as the market responds to rising interest rates and other changes in the market.
- Moving Onward And Outward – One trend that picked up pace in 2018 and is expected to continue in 2019 is the expansion of growth in smaller cities. In the Big Bend, this translates to growth in small towns and rural areas surrounding the capital city.
- Affordable New Construction – With tight inventory, new construction has become an increasingly popular option to home buyers. We fully expect this to continue in 2019. Affordable new construction options will be especially popular with home buyers in 2019.
- Interest Rates Rise – Market experts fully expect interest rates to rise in 2019. This will have a direct effect on buyers entering the real estate market.
- An Uptick In First Time Home Buyers – Buyers will likely have an easier time in most markets in 2019. In 2018, millennial home buyers dominated the market. This number is expected to rise in 2019 as new Millennials increase their incomes and grow their families. Additionally, some home buyers who were previously frustrated by low inventory in 2018 may re-enter the market as inventory rises.
Do you live in your forever home? For most homeowners these days, the answer is no. So, whether you plan to live in your house for the next 15-30 years or just plan on staying for the next 5-7 years, you benefit from updating your home in ways that will give you the greatest return. Check out some of our favorite upgrades, remodels and renovations that pack the best bang for the buck listed below!
Everyone knows that the kitchen is the heart of the home! It is also one of the most important rooms for creating a liveable (for you) and sellable space (for future home buyers.) A simple kitchen update can change an entire home! Some things you may consider updating include the cabinet doors, countertops, wallpaper/paint, and appliances.
Making your home and yard look appealing is a great step to take in your first five years. Studies show that this update is the single biggest return on investment that any homeowner can make! You’ll be happier with your house, and when you eventually sell, buyers will get a positive first impression of your property. Pressure washing, adding a fresh coat of paint, or putting up new siding can make a huge difference to the house overall. Planting some greenery on either side of a freshly painted door can also add to your curb appeal.
Go with Energy-Saving Options
Your washer, dryer, refrigerator, dishwasher, toilet, and even light bulbs can cause a higher than necessary power bill. Replacing non-energy-efficient appliances early will save you money down the road. You may also want to look into energy-efficient windows. Additonally many rebates are avilable for energy saving updates you make in your home. For more information about rebate programs contact Talquin Electric or the City of Tallahassee Utilities.
Don’t forget, before you can start investing in your new home, you have to find it. If you or someone you know is ready to find their next home, give me a call!
There are some amazing DEALS this week in Tallahassee!!! We are so excited to bring you some information about our favorite new homes to hit the Tallahassee Real Estate Market!
Please Watch the Video for more information or check out the homes on Ann’s Short List below!
1464 Ox Bottom Road – There are very few 6 bedroom homes that come up on the Tallahassee real estate market. This is one of those rare homes. With 6 bedrooms, 4 full bathrooms, and one/half bath this home includes 4221 square acres of sprawling indoor space with two luxurious bathrooms with their own master ensuites! Located in the Northeast part of Tallahassee, this home is zoned for Chiles, Deerlake, and Hawksrise on 4 ACRES!!! The large home is rare enough but this is all for a unbelieveable price of $475,000. Trust me, this is a rare gem!
249 Wildflower Lane – Another home on lots of acreage for a uneblieveable price! This peaceful country home, with a Southern Front Porch, has 3 bedrooms and 2 bathrooms. With 5 sprawling country acres and multiple outbuildings, this 2005 home is a stunning find for only $158,000 list price!!!
We are back this week with The DEAL ! We bring you the best and newest deals on the Tallahassee Real Estate market. Do you feel like you are missing out? Then, this is for you! You can’t afford to miss this!
We bring you the best and newest deals on the Tallahassee Real Estate market. Do you feel like you are missing out? Then, this is for you! You can’t afford to miss this!
For a free market consultation or home buying education, please call or text 850-212-1982. We are available to answer all your real estate questions.
The Deal is back!!! We are bringing you some very special homes today! Our top picks this week include renovated homes with great prices and newer multi-acre estates with ample privacy.
Watch OUT! We will soon be launching our podcast on ITUNES and Google Play! We will be bringing you even more real estate information and the DEALS you Love!
Our award winning Friends at Tallahassee Homes have just issued a large price reduction on a spectacular new construction home!
4520 Cavendish Court – Located just off Velda Dairy in Northeast Tallahassee, this home is in the highly desired A+ school districts of Roberts, Montford, and Chiles. Tallahassee Homes is known for their award winning designs, green / energy efficient homes, and attention to detail.
Longwood 2469 Model – 4 Br/3BR open floor plan. The floor plan is the 2017 Parade of Homes GOLD Medal Winning, Realtors Choice Winner and Consumers Choice OVERALL Winner. Built by Tallahassee Homes, 2018 Parade of Homes BEST IN SHOW WINNER. Great quality and price, 4 sides brick home w real wood floors, granite countertops and farm sink in kitchen, tank less water heater, stainless appliances, custom cabinets, 2 step crown moulding, picture framed windows, big fenced yard and more. In Tallahassee’s popular Cavendish Cove off Velda Dairy Rd.
For More Information Click Here: 4520 Cavendish Ct.
Happy Friday! We started our weekend by creating a short list of our favorite new Tallahassee real estate deals. Watch out because we may have the one for you!
LINK TO YOUTUBE VIDEO: This Week’s The DEAL
Don’t forget to check out Ann’s Short List!
4775 Stoney Trace – https://bit.ly/2ONlf60 – Immaculately kept 4 bedrooms, 4 bathrooms craftsman style home sits on a half acre and a cul-de-sac road. Open kitchen with bar seating overlooking living room with gas fireplace and built-ins on each side. Beautiful wood floors and finishes, trim for days, and high ceilings, 2-year-old ‘Ultimate’ fence. Master bedroom features large his and hers walk-in closets and HUGE master bath with shower, tub and double vanity. 20 foot back porch plumbed with gas & ready to grill.
1504 Chocksacka Nene – https://bit.ly/2L61G6E – New England Style Saltbox on a large private lot in Indian Head Acres. Nestled in a serene natural sanctuary with a creek along the back and side AND adjacent to just one of the lovely neighborhood parks. New Roof. Original hardwood newly refinished throughout downstairs. Newer stainless steel appliances. Walk-in pantry with wall to wall shelving. Downstairs Master Bedroom and bath. Energy efficient natural gas stove, heater, and water heater! Private backyard patio for outdoor entertaining.
We are BACK!!! The Deal this week features several in-town/ mid-town properties, new home builds for unbelievable prices, multi-family homes, and properties with income-producing potential.
Keep Scrolling To Find Out What Made Ann’s Shortlist Of Real Estate Deals
7563 Mill Pond Loop – Listed for only $250,000, this home is located off two acres in a quiet neighborhood on Buck Lake Rd.
1338 Branch Street – Recently remodeled on the corner of 7th and Branch. This mid-town home has new HVAC, newer roof, and newer siding. Wonderful home for those who want to live in the heart of mid-town or for investors looking for a home with great short-term and long-term return.
1331 Gibbs Drive – Energy efficient, modern updates found throughout this remodeled home on the corner of 7th and Gibbs. Bamboo floors, custom cabinetry, and custom tile-work in the heart of mid-town for an unbelievable price!
Do you have a vision of the community that you want to live in?
Perhaps, you love your current neighborhood but know of ways that it could be better. As a REALTOR®, I am always looking for ways to improve and strengthen our community and neighborhoods. I have compiled a list of ways that you can help make your neighborhoods and our community a better place to live!
The number one way to improve a neighborhood and community is by encouraging homeownership!
There have been countless studies that show the positive effect that homeownership has on a community. These studies show that benefits such as higher educational achievement, increased civic participation, improved health, lower crime rates, and an increase in property maintenance/ improvement are all linked to increased levels of homeownership within a given area.
You may be wondering, “How can I encourage homeownership?” The easiest way to encourage homeownership within any community is by supporting the local REALTORS®. The largest and most effective proponents of homeownership in the United States is the National Association of Realtors (NAR.) From their headquarters, located steps away from the United States Capitol in Washington, NAR advocates every day for federal policy changes and initiatives that strengthen the homeownership.
There are also several local programs in place to improve upon Tallahassee’s existing neighborhoods:
Code Enforcement Rehabilitation Program
This is a program that assists low-income homeowners in eliminating exterior code violations while improving and preserving our local neighborhoods.
More information can be found at: https://www.energy.gov/savings/city-tallahassee-utilities-grant-programs
Storm Damage Mitigation Program
This program is designed to assist low-income homeowners in repairs and improvements that mitigate the risk of storm damage.
More information can be found at: http://talgov.com/neighborhoodservices/housing.aspx
Emergency Home Repair Program
The goal of the Emergency Home Repair Program (EHRP) is to improve the living conditions of low-income homeowners by removing health and safety hazards and/or architectural barriers from their homes.
More information can be found here: http://www.talgov.com/neighborhoodservices/housing-emergrepair.aspx
The City of Tallahassee encourages citizens to work with their neighbors to build, cultivate, and maintain gardens on public lands by offering the use of city lands for public gardens. You may contact the Tallahassee Food Network with any questions at (850) 891-8465.
If you’re considering a mortgage rate lock
– Reposted from the Florida Board of Realtors-
Mortgage rates already had been falling when the shutdown began Dec. 22, and they fell more than an eighth of a percentage point in the two weeks that followed. That’s why the shutdown could give you a chance to grab a good mortgage rate.
“Our expectation is that this will be a short-term blip and you’ll be glad if you were able to take advantage of the drop in mortgage rates,” says Danielle Hale, chief economist for Realtor.com. Her forecast assumes that the shutdown won’t last for months and that mortgage rates will rise this year.
The Deal! Today in Tallahassee! We are so excited to show you some amazing new deals that just hit the real estate market. Based on our experience, these are the homes that won’t last long. If you are looking for the best deals then contact us RIGHT AWAY!!!!
Ann’s Short List Of Homes
Every spectacular feature you could ever want in a home at an unbelievable price! Guest house, wrap-around porch, pool, 3 acres, A + school zones, gourmet kitchen, office, barn / workshop (with power) , screened porch, granite countertops, thermadoire fridge, master downstairs….. The list keeps going!
This home is has all the bells and whistles of any new construction home in Buck Lake and without the new construction price tag. Only 5-years-old, this home is rivels all other newly built homes in Observation Circle without breaking $300,000.