13 Takeaways on the Real Estate Industry after 13 days of 2021!

13 Takeaways on the Real Estate Industry after 13 days of 2021!

13 Takeaways on the Real Estate Industry after 13 days of 2021!  

More than likely, 2020 is not going down as your favorite year.  It has such a nice ring to it, but didn’t exactly live up to the hype. BUT,  it is now behind us and it’s time to look forward. I don’t know about you, but I am hopeful and encouraged. Maybe that’s the new year’s resolution nostalgia that still hasn’t worn off, but nonetheless, I am going with it.

After only 13 days, here are 13 takeaways that are setting the tone for the start of the new year:
  1. Let’s start out with the obvious: This years Spring market is FREEZING! Yes, it might say January on your watch or Google calendar, but the Spring Market is here. Talk to any agent and they’re seeing a flurry in sales, closings and interest.
  2. Seller’s: Inventory is TIGHT! That is incredible news if you’re a Seller as your home should sell FAST if properly positioned, priced and marketed! If you’re thinking about selling, you need to be on the market NOW!!
  3. Buyers: Inventory seems even tighter! There are VERY few homes on the market, in fact, record lows. What does that mean? You need to be prepared by having your pre-approval in hand and a REALLY good advisor on your side.
  4. New Construction costs are rising! Most have heard about lumber costs rising, but other material shortages are driving up costs as well.  One of our clients says it best, there’s no better time to build than NOW (Credit: Bernie Kurlemann from Classic Living Homes). Costs will continue to rise so don’t wait until they get higher.
  5. Lots are hard to find! We know this first hand with our sourcing team working overtime to find out clients lots. The good news: we’re still finding them 🙂
  6. Land Values are Rising! Land has been slower to increase in value over the past several years, but we’re finally seeing it. Great news for developers and land sellers, but tougher to swallow for new home buyers as it’s pushing prices up.
  7. New Development is happening! There are all sorts of new communities in 2021! Some of our favorites are Peterloon Meadows (Indian Hill), Three Oaks (Oakley), Factory 52 (Norwood) and Chimney Ridge (Loveland).
  8. This is the last year of the current City of Cincinnati Tax Abatement! At the start of 2022, the tax abatement will be changing so get moving on your new City home! Link here for more information
  9. Median Home Prices are rising! This has been happening for the past several years, but we continue to see this. It may be at a more modest pace, but 3-4% is likely!
  10. Citirama is coming to Newport! We’re excited to see the Home Builders Association jump across the Ohio River to do an incredible show in Newport with incredible view. More news to come so watch our feed!
  11. Mortgage Rates are still at ALL TIME LOWS! This helps to offset the rising values and new construction costs.
  12. Baby Boomers are making moves. Call it what you want, downsizing or right sizing, but we’re seeing a surge in baby boomers making the move.
  13. Lock your doors, there’s another little Hines coming in the Spring 2021. This was just a test to see if you made it all the way to number 13.  But, seriously be careful, we’re really not in control any more.
As always, if you have any questions, thoughts, comments, or just want to say hello, don’t hesitate to reach out! We’d love to hear what you’re seeing in the market and what your experience is.
Thanks and Happy 2021!
7 Things You Should Know Before Renovating Your Home

7 Things You Should Know Before Renovating Your Home

Are You Ready for A Big Project?  

So you’ve decided (along with many, many others in 2020) to renovate your home!  As someone who spent the last three months going through the renovation process, I thought I would share what I’ve learned to help better prepare you for the journey ahead and hopefully leave you thinking, “I’m so glad I was ready for that!”

  1. It will always take more TIME and more MONEY that you planned. I have never heard of a project coming in under budget or being completed in half the time you were told. Unexpected issues come up. Contractors fall behind. Supplies get back ordered. Things happen and you have to be ready to go with the flow. If you have realistic expectations from the beginning, the inevitable delays will be a little easier to swallow.
  2. You need to be available at all times. Probably the biggest advantage of doing a renovation during COVID has been that my husband is working from home. That means he’s always available to sign for deliveries, talk to contractors and check on progress. If you have the type of job that doesn’t give you that kind of flexibility, or you aren’t able to “run home,” a big renovation might not be for you.
  3. You think you’ve thought of it all, but you haven’t. We spent hours designing the kitchen, planning the space and looking at colors and selections. However, once the work started, we realized there were a number of things we had given no thought at all. Did we want the toilet to go on the left side or right side of the bathroom? What kind of closet doors did we want? Where should the lighting go? Again, being available to make last minute decisions is imperative.
  4. If you aren’t a decorator, hire one. Renovations are expensive and there are a lot of beautiful choices. Don’t waste money changing paint colors later or being unhappy with something you picked out. There are many talented decorators available to pay by the hour, and for just a few hours investment, they can’t make sure your paint, floors, cabinets, countertops and fixtures all work beautifully together in your home.
  5. Hire a professional for the big projects. Weekend handymen are great, but most projects take more than a weekend. Hire a reputable contractor for the big stuff; electric, plumbing and wiring should only be done by professionals. These types of mistakes are too costly to mess around with.
  6. Be prepared to live in the dust. You are in the middle of a construction site. Truly. The dust never ends, the noise is loud and constant and new people are walking in and out of your home at all times. Try to get out of the way and live in a part of the house that won’t be near the construction. 
  7. If you think you can DIY, know the consequences. I get it. We’ve all watched the shows and thought, “If they can do it, so can I.” The reality is, there is no behind the scenes team at your house tearing out walls and putting up shiplap. Renovations require accurate measurements, correct cuts and considerable time. If you have a project in mind and want to give it a shot, go for it. In my experience, getting it done faster and with fewer mishaps is worth a few calls to contractors.

I hope this helps you understand the good, the bad and the ugly of home renovation. With a lot of time and patience, you can and WILL get the home you’ve always dreamed of! 

The Ten Minute Tidy

See How to Have Your Home Show Ready… In 10 Minutes!

When you are selling your home, one of the hardest things is to have your home ready to show at a moments notice. Sound overwhelming?  Build Collective is here to help! We break down what we call “THE TEN MINUTE TIDY.”  In our video, Brandi explains how you can tidy up your home in just 10 minutes and have it sparkling for the buyers to tour.

We break down the most important items to focus on so you leave the best impression possible to all potential buyers! Taking care of clutter, weird smells and bright light goes a long way.

And these tips don’t have to just apply to Home Sellers. Use our Ten Minute Tidy for a quick clean up during the week, before the neighbors stop over for happy hour or even when your in-laws come by unannounced!!

Build Collective is Here to Help Home Sellers Every Step of the Selling Process

 

Want more tips on selling your home?  Reach out to us today… we are full of great ideas!

CONTACT US TO MEET WITH A HOME SELLING EXPERT

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Montgomery Market Minute for April

Montgomery Market Minute for April

Market Update – Montgomery Real Estate for April 2020 

The news is all good and only going to get better!  COVID-19 may have slowed us down, but not for long!! Mike and Brandi give an update on selling and buying real estate in Montgomery for April 2020. Listen to hear about featured listings, average sales price and days on market in Montgomery. If you are thinking about buying or selling a home, now is the time! 

As the top real estate team in Montgomery, Ohio, we are committed to keeping you well informed so you can always make the best decisions for you and your family.

 

 

Call Us With Questions 

Have more questions?  Need to sell or buy a home soon but don’t know where to start during these ever changing times?  Please reach out to us!  Brandi Schildmeyer is available to chat or email at anytime…. 513.675.6816 or [email protected]

8 Things To Do Now to Prepare Your Home to Sell

8 THINGS YOU CAN DO NOW TO PREP YOUR HOME TO SELL

Thinking of listing your home in the coming weeks or months? With so many of us spending far more time at home than usual right now, and actually looking for projects to keep up busy, it’s a great time to do a few things around the house that will really make a difference when you put your home on the market.

Here are eight things you can do right now to get your home ready to sell:

1. FOCUS ON CURB APPEAL

What’s the first thing someone notices about your home? Of course, it’s the exterior. Picking up garbage, doing a little pressure washing and making sure your gutters are clear can all add to that first impression of your home. Also, don’t forget about landscaping. Pulling weeds, planting a few flowers or even adding a fresh layer of mulch, can go a long way in upping your curb appeal.

2. DECLUTTER & PURGE

We all know how easily things can accumulate, but now is a great time to get rid of the clutter and unwanted items. Too many decorative pieces or even extra furniture in a room can make it feel small and crowded and that can make a buyer feel uncomfortable. You want a potential buyer to be able to envision themselves living in your home so do them and yourself a favor now by getting rid of the excess.

3. CONSIDER INTERIOR PAINT

Take this time to take a good look at your walls. Do you need to switch to a more neutral color? If you’ve updated some rooms, but still have that hot-pink bedroom or lime green kitchen, now is a great time to tone down that shade.

4. DIY MAINTENANCE

If you find yourself with loose faucets or shower fixtures or areas that need caulking, go ahead and make those repairs, if you are able. These are small things we can let slide in our day-to-day lives, but they almost always come up on an inspection report. You can take care of those issues now and save yourself a headache in the future.

5. ORGANIZE WARRANTIES & DOCUMENTS

Again, you can save yourself some time by getting all of these in order now because the new buyers will want them. Also, you don’t want to overlook something that could add value, like a transferable warranty

6. GIVE YOURSELF A SHOWING

Pretend you’re the buyer and take a tour of your home. Make sure to take notes on things that stick out to you or areas that need improvement.

7. CREATE A LIST OF IMPROVEMENTS & FAVORITE FEATURES

Remember the exterior lighting you added last year or the new sprinkler system? How about the open kitchen that you’ve enjoyed so much? Pointing out the enhancements and things that you’ve loved about the home can help the potential new buyers see that value as well

8. CLEAN!

Nothing feels better than a nice, fresh and shiny house. It instantly makes people comfortable and they will feel your house has been cared for and loved. So now that you have the extra time, make it sparkle!  Clean cabinets, baseboards, doors, and even the floors of closets.  We promise, everything you do now will be noticed!  And last but not least,  make it smell nice… because clean sells!

BOTTOM LINE:

If you’re ready to sell soon, take advantage of the extra time at home to prepare your home for the market.  Buyers will notice the effort and your house be the “new listing” getting everyone’s attention!

Making the decision to sell your home can be an overwhelming. Brandi Schildmeyer, at Build Collective, Coldwell Banker West Shell can help you understand the process and make sure you get the most for your home in the shortest amount of time. 

CONTACT BRANDI FOR MORE HOME SELLER TIPS!

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Working with Buyers & Sellers Durning Coronavirus

Working with Buyers & Sellers Durning Coronavirus

Working With Buyers & Sellers During the Pandemic 

Tune in to see how we’re working with our buyers and sellers during COVID-19. Mike Hines (Build Collective) joins Tim O’Brien (Zipfel Capital) and Dan Orner (First Title) on the latest procedures when it comes to home buying and selling to keep you safe and informed.

As the top real estate team in Montgomery, Ohio, we are committed to keeping you well informed so you can always make the best decisions for you and your family.

 

 

Call Us With Questions 

Have more questions?  Need to sell or buy a home soon but don’t know where to start during these ever changing times?  Please reach out to us!  Mike Hines is available to chat or email at anytime…. 513.260.0424 or [email protected]