Housing Expectations for 2015

 

As I promised yesterday, I will feature more color trends tomorrow. This was just too good not to post today!

infographic-research-2015-housing-expectations-2015-01-07

 

Image: National Association of Realtors
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Benjamin Moore Paint Color of 2015

It’s color week here at Gem of the Week!

Paint and home accessories’ colors play a big role in the way homes are perceived by buyers. Updating or refreshing your home to reflect current color trends is an easy way to make your home seem more up-to-date or modern.

Since I was late on reporting the Pantone color of the year, I might as well be late in reporting all the color companies as well :-)

Today I am featuring Benjamin Moore’s color trends of the year. I am a Benjamin Moore paint user myself and this year’s color does not disappoint.

I quite like it. It’s fresh and clean and different than the icy blue colors we’ve been seeing homes for the past few years.

So without further ado, the Benjamin Moore Color of 2015 is…

 

Guilford Green Color of 2015

 

Here is a picture of the color in an actual room…

 

Guilford Green in use

 

Very refreshing, no?!?

Come back tomorrow for more color trends from other paint manufactures.

 

Image: Benjamin Moore

 

 

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Weekly Home Sales Snapshot – 1/9/15

Here’s my first report of weekly home sales for 2015!

Obviously the numbers don’t mean much as they only represent one week of data. That said, come back every week to see how the year is unfolding.

Also, I added Trumbull to the chart as I am doing more and more business there and want to keep closer tabs on that market.

1-9-15

 


Source: Greater Fairfield County CMLS,  HOUSES Sold = Single Family, Multi-Family, Condo/Co-Op

 

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Baby it’s cold outside

It is so cold where I live that even when we’re indoors we can’t stay warm enough.

Seems like the perfect day to feature sunny yellow front doors to warm us up!

Enjoy!

4 sunny yellow front doors

You can look at many other pretty front door colors I have featured

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hereherehereherehereherehereherehereherehere, here & here

 

Image: JPD School of Design

 

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Pantone picks their color for 2015

I know I am a little late on reporting this, but Pantone picked their color of the year…

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pantone marsala paint chip

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According to Leatrice Eiseman, Executive Director,Pantone Color Institute, here is how this color choice will affect homes…

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Marsala for Interiors
Complex and full-bodied without overpowering, Marsala provides a unifying element for interior spaces. Add elegance to any room by incorporating this rich and welcoming hue in accent pieces, accessories and paint. Marsala’s plush characteristics are enhanced when the color is applied to textured surfaces, making it an ideal choice for rugs and upholstered living room furniture.

Nurturing and fulfilling, Marsala is a natural fit for the kitchen and dining room – making it ideal for tabletop, small appliances and linens throughout the home. The hue will be especially prominent in striping and floral patterns found in printed placemats, dinnerware, bedding and throws.

XX

Hmmmm, okay…not sure I will participate in the Marsala craze, but I will report back about how much I see of it in the homes for sale that I preview for my clients.

Image: Pantone

 

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Value is determined when someone reaches for their wallet!

taking-money-out-of-wallet

I was reading an article on the National Association of Realtors blog the other day. The topic of the article was “Reveal to Your Clients the ‘Ugly Truths’ When Staging” and it was written by Audra Slinkey, President of the Home Staging Resource.

As I was reading through the article, a sentence jumped out at me…

“…there’s no such thing as a “set price” for a home. The price is determined by what the buyer is willing to pay…”

Those are wise words!

If your home is on the market and not getting any offers or if you are thinking of listing your home, remember, a good Realtor can do a lot of things for you, but the one thing they cannot do is change the market value of your home. It will only be worth what buyers think it is worth. No matter how well you may think you’ve priced your home, if there are no offers, then buyers aren’t seeing a value. Take an honest look at the value you are offering buyers in comparison to other homes on the market and price your home accordingly.

As my husband likes to say…Value is determined when someone reaches for their wallet!

 

Image: Rabbi Bridget

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2014 Home Sales Snapshot – Overview

Here are the final home sales stats for 2014.

Overall, with the exception of Easton, it was a fairly lackluster year for my local real estate market. I don’t consider the price or the size of homes sold, this report only states the actual number of houses sold from town to town.

Westport and Wilton are the big losers this year. It’s particularly important for Westport since the number is derived from a larger base.

Fairfield, Norwalk and Ridgefield are all down as well, but to a lesser extent.

As I mentioned, Easton is the big winner this year, although the same caveat applies only in reverse. Its gains are derived from a much smaller base thereby somewhat over-inflating its success.

As a whole, my entire area is down 8%.

Let’s hope for a more positive 2015!

 

12:31:14

 


Source: Greater Fairfield County CMLS,  HOUSES Sold = Single Family, Multi-Family, Condo/Co-Op

 

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Happy New Year!!

biancacash-throwkindness

Image: Bianca Cash
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Is insulation good for resale value?

r49As I mentioned, we are having our home insulated after having had an energy audit.

Originally, it was determined that the insulation folks were going to blow 18″ of cellulose insulation all over the floor surface of my attic. That was going to act as a billowy blanket keeping the downstairs of my home toasty warm and extremely energy efficient.

I’d like to point out that my husband was responsible for that original agreement without me being present.

When he told me the plan, I asked him how we’d be able to use the attic if was covered in billowy cellulose.

His response, “You won’t be able to store anything in the attic anymore.”

My response, “What the hell is wrong with you to make such a dopey agreement?”

You see, he was thinking like a energy-conscious person married to a borderline hoarder (me). I think he secretly (or not so secretly) thought that, by minimizing our storage area, he could curtail my hoarding tendencies while claiming it was for the more noble energy saving purpose.

BUT, I was thinking like a Realtor and I know that removing a key storage area in a house is VERY dumb. I was also thinking like a borderline hoarder and wondering where I was going to store all my precious memories such as my son’s bassinet or my dad’s baby crib. But I was mostly thinking like a Realtor :-)

So, my husband and the insulation folks devised a new plan which entailed building a platform in part of the attic and blowing the cellulose underneath. That allowed for storage and a high R-value on the insulation.

Although it cost an extra $1,400, I think it was money well spent not only for energy efficiency and hoarding purposes, but also for the ultimate resale value of the house.

After they were finished, the kind fellows handling the project asked me to go up to the attic to be sure I was happy with the job, which I was.

They kind of joked about the change in the plan to add the storage and I explained that I was a Realtor and felt strongly about protecting resale value.

They said they are often asked by clients if adding insulation will be good for resale. They said they always say yes, but they never really know for sure. They asked me, as a Realtor, what I thought.

I told them that I felt that taking the time to have an energy audit and then following up to make the home more energy efficient could only be a plus a for resale. If nothing else, it shows potential buyers that you were very thorough in caring for your home and as new owners, they too will benefit for the energy savings.

So, I will wrap this topic up in the next month or two, once I am able to see the affect all this effort has had on my energy bills.

But for now, I will start by putting all my precious stuff back up in the attic…

Image: Deer Park Roofing

 

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Oh, the power of the well-colored door

I found this house on Apartment Therapy and something about it totally resonated with me.

If I were to pick my house “type”, this would be on my short list.

I love how it is fairly traditional and then bam…there’s the racy red door.

The door even stands out at a distance.

Not sure I’d like the house nearly as much without the door.

Oh, the power of the well-colored door.

Enjoy!

 

cedar shingles:red door

Image - Apartment Therapy
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