Uncategorized

What are Millennials Looking for in a Home?

We’re used to thinking of “home” as a universal concept, but the younger generation is turning that notion on it’s head a bit. Home-buying millennials typically fall into the 18-35 year old range and are known for being tech-savvy and knowing exactly what they want in a home. As a seller, it’s important to know what this generation is looking for, because it’s expected they’ll make up about HALF of the first time home buyers in 2017!
Many millennials are moving from renting in an urban environment but as they get older and start thinking about having a family, they prefer to leave the city for a suburban setting with easy access to public transport.  This is good news for sellers in the suburban Philadelphia area – homes in Montgomery County are just a quick Septa ride away from the city!
Now, let’s think about what exactly these buyers are looking for. Since most are using almost all of their savings on a down payment, they want something move-in ready, generally. That’s not to say there aren’t millennials looking for fixer-uppers, but the majority don’t want to have to spend money they don’t have getting their home up to par! Things like updated kitchens, baths and hardwood are crucial. If your home is carpeted, be sure to specify if their is or isn’t hardwood underneath.
Staging is also a crucial element to attract these buyers. They want to be able to look at your home (and they’ll be looking online first – so it’s important to get your home ready to go viral!)  and imagine what it’ll be like when they’re living there.
Something that’s fairly new in the real estate game is smart home technology. This is essential for young buyers. They want to be able to come inside and control the lights, the heat, even open the front door with their smart phones! This may seem a bit confusing or overwhelming, but fear not! Coldwell Banker, a leader in innovation, has you covered with our Smart Home Staging Kit. You can learn all about Smart Home technology there or contact one of us at Coldwell Banker Realty Corp. We can talk you through the ins and outs and get your home “millennial ready” painlessly!
Uncategorized

Raise Your Home’s Value Instantly

If you are planning to put your home on the market this spring, your real estate agent may be telling you to declutter, or work on your home’s curb appeal or even stage your home. Some of the things on your to do list may seem tedious or downright expensive, but it turns out that you’re actually receiving sound advice.

HomeGain, an agent referral site, has identified the top 10 home improvements under $1500 that add the most value. We’ll break it down your returns on investment (ROI).

  1. Cleaning and decluttering ($290 cost / $1,990 price increase / 586% ROI)
  2. Lightening and brightening ($375 cost / $1,550 price increase  / 313% ROI)
  3. Home staging ($550 cost / $2,194 price increase / 299% ROI)
  4. Landscaping ($540 cost / $1,932 price increase / 258% ROI)
  5. Repairing electrical and plumbing ($535 cost / $1,505 price increase / 181% ROI)
  6. Kitchen and bathroom ($1,265 cost / $3,435 price increase / 181% ROI)
  7. Replace or clean carpets ($647 cost / $1,730 price increase / 169% ROI)
  8. Paint interior ($1,012 cost / $2,112 price increase / 109% ROI)
  9. Repair floors ($931 cost / $1,924 price increase / 107% ROI)
  10. Paint exterior ($1,467 cost / $2,222 price increase / 51% ROI)

Some of these items on this list could even be done for cheaper if you’re enterprising and do it yourself, making an even larger return on investment!

Tips

Tips to Downsizing With a Little Less Hassle

People downsize their homes for various reasons. They could be empty nesters, whose children have all moved on to their own homes, seniors who are realizing a need for less space and maintenance or people moving from the suburbs into a city apartment where the space decreases drastically.

Regardless of what the reasoning may be for downsizing, one thing remains true in all of these situations; not only will you be downsizing your home but your possessions as well. People who have lived a majority of their lives in a home now must take the 20 plus years worth of pots, pans, dishes, holiday decorations, furniture etc. and decide what is essential to their new lifestyle and what is not. Parting with these items will in no way be easy but we’ve got some tips and tricks to make downsizing your life a little less of a hassle.

  1. Plan ahead: In most cases, this move will not be a surprise to anyone involved, so having a plan going into the moving process will provide some guidance. Make a list of things you either A) will not need or B) definitely want to bring with you. This is going to give you a starting point.
  2. Evaluate Your Soon-To-Be New Lifestyle: Think of a few questions, write them down even, to ask yourself before you begin to pack. Consider what your new home and new lifestyle will bring. Do you really need lawn decorations if you won’t have a lawn at your new place? Consider this and other factors when packing. You’ll want to do this before you make the move as to avoid clutter and over-crowding at your new home.
  3. Everything Should Have a Use or Purpose: All of the items you are selecting to bring should have a purpose in your new home. You should never bring something because “you might need it.” Chances are, if you’re not 100% positive you will use it or can’t remember the last time you used it, you won’t ever have a need for it. In regards to sentimental items, anything that holds an important memory to you or your family and/or pictures of your old home should be brought along.
  4. Keep Clutter Out: Manage your small space by using organizational bins, hangers etc. Try utilizing a certain space or item for more than one purpose.
  5. Quality Over Quantity: When downsizing, it’s unlikely you will be able to keep all of your furniture from your previous home. When deciding what to keep, or buy, think about what will be most functional in your new living space. Instead of keeping the giant coffee table, maybe find an end table with storage space underneath and a pullout stand to keep your drinks on. While the giant coffee table may have worked great in your last home, it may not be an easy fit or the best idea to have something that takes up so much space when it’s sole purpose is to hold drinks or serve as a place to put the Sunday paper.
  6. Don’t Throw Anything Away: Well then how are you supposed to get rid of all your unwanted stuff? Never throw away items that are in good use but you no longer have a need for. Yard sales, making donations or recycling unwanted items are a great way to downsize without feeling like you are simply “throwing something away.”
  7. Measure & Plan: Get measurements of each room in your new house. Draw out a rough sketch of each room on paper with dimensions in order to better visualize what will fit in terms of furniture, TV etc. This way, you won’t have to guess as to which items will fit and be surprised on the day of move-in when they don’t.
  8. Tackle the Job in Pieces: Trying to accomplish this huge task all at once will surely end in defeat. Instead, do it room by room for a few weeks leading up to your move. This will avoid you feeling overwhelmed on top of all the other feelings that come with moving.
  9. Get an Objective Opinion: If you’ve followed the steps above and are still finding yourself with a small pile of “Not Keep” and large pile of “Keep” then perhaps it’s time to get a second opinion. Bring in a friend or relative who will be able to provide some brutally honest truth when sorting through your things. They might have the “Oh please you’ll never use that” you’ve been looking for.

The true first step in downsizing is finding the right home. If you’re looking for some advice or guidance, contacting an agent is a step in the right direction.

Community Overview

Community Overview: Lansdale

Welcome to our Community Overview series!

When considering a move to a new area, it is often important to consider not just the home you will be purchasing but the town in which you will be living as well. Do you have kids? You may want the inside scoop on the school district or recreational programs offered. Consider yourself a foodie? It might be important to you to move into an area with a bustling restaurant culture. You won’t just be residing within the 4 walls of the new home you’re purchasing but you will also be moving, playing, walking and living in the community.

First up, we will touch on the Borough of Lansdale, the home base for our office.Selected as one of the “Classic Towns of Greater Philadelphia,” Lansdale Borough is a part of Montgomery County, which is about 30 miles northwest of Philadelphia. With several SEPTA train stations nearby, commuting into the city for work or leisure is a breeze. Are you a sports fan? Grab an early train and head down to the sports stadiums located in South Philadelphia where all 4 of the city’s major sports teams play within walking distance from one another.

Schools:

If you have children then one of your main concerns is probably education and the schools your children could potentially be attending. Lansdale Borough falls within the North Penn School District boundaries. The North Penn School District is known for the academic achievement of its students and the knowledge demonstrated by its faculty. In 2012, North Penn was ranked 33 out of 498 Pennsylvania school districts by the Pittsburgh Times.The district also prides itself on the percentage of graduates each year. In 2011, the District saw a 96% graduation rate. North Penn School District has 13 elementary schools, 3 middle schools and one high school. To learn more about what the school district has to offer, visit the district website here.

Things to Do & See:

Montgomery County itself offers tons of things for people to see and do. There are numerous historical parks and museums, theaters, golf courses, the Philadelphia Zoo and a family fun center all within 30-40 minutes from Lansdale. Within the borough limits, you can find an abundant amount of activities. Throughout the year, Lansdale Borough hosts several events such as Lansdale Day, Founders Day, Oktoberfest, the Mardi Gras Parade and Farmers Market just to name a few. There are 21 parks in Lansdale for members of the community to walk, run, play with kids or your dog. Looking for ways to keep kids entertained? The Parks and Recreation department offer programs for kids ranging from Science Camp to T-Ball to Summer Camp.There are also several aquatic programs along with adult programs offered. The Lansdale YMCA is also another outlet for programs and activities. There truly is something for everyone to do in Lansdale.

For a complete list of all events click here

For a complete list of all Parks and Rec programs click here

     

Restaurants & Entertainment:

Lansdale is a bustling area full of flavor! If you love trying new things or you really enjoy a nice night of good company and even better food, you’re in the right place. There are an abundance of chain restaurants all across town for go-to meal such as Applebee’s and Margarita’s but if you want to dive deeper into the local spots you will not come up short handed. There is everything from Asian to Italian to European to Mom & Pop pizza shops and there is even a vegan restaurant. Check their calendars because there is a good chance of live music on the weekends as well. Planning a party? Check out Marjeane Caterers, Panico’s Grille or Smokerack BBQ & Grille for a variety of catering or banquet services. All of these options within minutes of your new home.

Lansdale Borough is a gem in Montgomery County, perfect for individuals and families alike. Our agents are ready and willing to help you find your next Home Sweet Home.