Bold Colors

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Nothing ramps up the interior design of a house more than color. It doesn’t have to be a multitude of rooms painted a kalidescope of shades but just one piece that “pops” out as you enter.

Color is grand but less is more. Go bold and colorful but use it judiciously and make a room stand out.

The other good thing about color…it is easily painted when you need to sell.

Go bold and go home!

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More Homes Built for Roommates

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We are seeing more homes built with two master suites as non-related individuals are sharing their resources and buying homes together.

Roommates are becoming more common place and agents expect to see a rise in this style of housing.

A recent study finds:

LAS VEGAS – Feb. 10, 2016 – The New American Home unveiled at the International Builder Show in Las Vegas was designed with roommates in mind. The 5,200-square-foot home tied in nontraditional living arrangements for extended families or roommates who may be sharing the same roof to ease financial burdens.

The home, designed by Element Design Build, incorporated affordability and cohabitation as top concerns, including a second floor that can accommodate aging parents or recent college graduates who move back home. The goal is to accommodate two families comfortably.

Industry professionals say they’re seeing increasing demand for properties that can easily be shared by extended family members, roommates or even rented out to tourists. In fact, 13 percent of buyers purchased a home to accommodate multiple generations, according to 2015 research by the National Association of Realtors®. And one in four buyers said they want a separate suite with a kitchenette to accommodate extended family members or roommates, according to research by John Burns Real Estate Consulting Inc.

Another home spotlighted at the builder show created by Pardee Homes included two guest suites that can be rented on home-sharing sites such as Airbnb. The suites include separate entrances and small kitchenettes. A recent survey by TRI Pointe found that 35 percent of young adults say they want to be able to rent out space in their homes, at least occasionally.

“A lot of their motivation for doing that is to make the financial step of buying their home more doable,” says Linda Mamet, vice president of corporate marketing at TRI Pointe.

Source: “New U.S. Homes Make Room for Airbnb Crowd,” The Wall Street Journal (Jan. 22, 2016)

© Copyright 2016 INFORMATION, INC. Bethesda, MD (301) 215-4688

 

Final 2015 Housing Numbers Now In

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Many have questioned the stability of certain sectors of the U.S. Economy, one section in particular is the housing market. Today we would like to share how the experts feel about how we ended 2015 and where they think we are headed in 2016.

How did we do in 2015?

The National Association of Realtors

“Overall, a resilient U.S. economy and very solid job growth in recent years made 2015 a great rebound year for the housing market. Existing-home sales were at the highest pace (5.26 million) since 2006 (6.48 million) and the Pending Home Sales Index came in at an average of 108.8, the highest annual reading since…you guessed it: 2006 (111.7).”

The National Association of Home Builders

“With the December report on housing starts and permits, preliminary totals for 2015 are now available. Total housing starts at 1.11 million were up 10.8% in 2015 compared to 2014. Single-family starts were up 10.4% to 715,300. All four census regions also experienced increases in single-family starts for 2015.”

What can we expect to start 2016?

Jonathan Smoke, Realtor.com Chief Economist

“All indicators point to this spring being the busiest since 2006… Demand for for-sale housing will grow and will continue to be dominated by older millennials, aged 25 to 34. This demographic has the potential to claim a third of home sales in 2016 and represent 2 million home purchases.”

Use Your China

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I still drink from china cups and I still eat on a real plate with a “glass” of tea. Plastic is taking over our lives. Some of the sweetest moments are when you surround yourself with something that makes you feel beautiful

Use the china. Buy fresh flowers. Turn off the television and listen to music. Life is sweet.