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Did you know the real estate market affects you, even if you’re not planning to move or buy a home? Whether you’re a homeowner, renter, or just curious about the economy, the housing market has a ripple effect on everything from personal finances to the broader economy. Understanding these trends can help you stay ahead and make smarter decisions for your future. Curious how? Let’s dive in!

Here are answers and my predictions to four of the most common questions we’re hearing right now:

When Will Mortgage Rates Come Down?
Mortgage rates are influenced by the Federal Reserve’s monetary policy, overall economic conditions, the labor market, and even the geopolitical landscape. Rates have risen as the Fed works to combat inflation. While there’s no exact timeline, many experts suggest rates could stabilize or decrease once inflation is under control and the economy shows consistent signs of improvement. Some predict this could happen in 2025, but it ultimately depends on economic data and future Fed decisions.

For buyers, waiting for lower rates might not always be the best strategy. Acting strategically—such as locking in today’s rates—can make sense, especially as high rates have reduced buyer competition. This often means better negotiating power when purchasing a home.

My prediction? Mortgage rates likely won’t meaningfully reduce until 2026.

When Will Home Prices Come Down?
In short, they won’t—at least not significantly. Housing prices are driven by supply and demand. Currently, most markets in our area face a shortage of inventory, which keeps prices elevated. For prices to drop, we’d need a substantial increase in supply or a major drop in demand. However, cautious builders, a lack of large parcels of land, and homeowners holding onto their low mortgage rates make widespread price declines unlikely.

What we might see instead is a slower rate of appreciation, which offers buyers some relief but not a complete reversal of prices. This environment creates opportunities to purchase at more reasonable valuations with less competition, reducing the risk of buying at a market peak. It’s also a good time to explore long-term rental investments.

My prediction? Our area will return to a normal appreciation rate of 4–5% by 2025.

Will the Housing Market Pick Up Next Year?
The housing market’s trajectory in 2025 will depend on economic stability and consumer confidence. If mortgage rates start to decline, we could see increased buyer activity. Additionally, pent-up demand from buyers who paused their searches due to high rates or election uncertainty could drive new market momentum. Many of these buyers are waiting on the sidelines, ready to jump back in when conditions improve.

My prediction? 2025 will see more home sales than 2024. I do not foresee it as a boom, but
a higher volume than this past year

Is Now a Good Time to Buy?
A market crash like 2008 is improbable. The current market is underpinned by strong fundamentals: tighter lending standards, significant homeowner equity, and sustained demand. While there are challenges —such as affordability issues due to higher prices and rates — these don’t equate to a crash. Instead, the market is undergoing a correction, with cooling in overly hot areas and a shift toward more balanced conditions.What this looks like now is a home selling process that involves negotiation on both sides, more balance between a buyer and seller market. The market will always have fluctuations and instead of fixating on timing the market, focus on securing a home that fits your needs and budget. For both buyers and sellers, this is a time to work closely with real estate professionals to navigate the evolving landscape.

My prediction? While the market presents challenges, strategic buyers who act now can benefit from reduced competition and position themselves for long-term appreciation and stability.

Final Thoughts
The real estate market is always changing, influenced by everything from the economy to politics and even social trends. While rising rates and limited inventory might feel like obstacles, they also open the door to unique opportunities for savvy buyers and investors. By staying informed and understanding the bigger picture, you can make confident decisions—whether you’re searching for your dream home, exploring investment options, or just keeping an eye on the market. Want to know how current trends could impact your plans? Reach out to us today, and let’s discuss your goals!

Buying your first home is an exciting milestone, but it can also feel overwhelming if you’re unsure where to start. Even if you think you’re not ready, proper preparation can help you jump on the right opportunity when it comes. As experienced real estate agents, we’ve had the privilege of helping countless first-time buyers navigate this process. This guide will walk you through what to expect and how to prepare for the journey ahead. Let’s dive into the key steps of buying your first home!

Step 1: Assess Your Financial Situation to Determine Your Homebuying Budget
Before you start dreaming about your ideal home, you need to understand your financial situation. Knowing your credit score, monthly budget, and how much you can realistically afford are essential first steps. Take the time to review your financial standing. This means looking at your savings, debts, and any other expenses that may impact your mortgage eligibility.

A great starting point is to connect with a lender. They can help you figure out how much you can borrow and set realistic expectations before you begin your house search. Pre-approval strengthens your offer later and shows sellers that you’re serious about buying.

Step 2: Get Pre-Approved for a Mortgage to Speed Up the Process
Getting pre-approved for a mortgage is crucial in today’s competitive market. It shows sellers that you are a legitimate buyer and helps you set a concrete budget for your house hunt. The pre-approval process involves submitting financial documents such as tax returns, pay stubs, bank statements, and employment verification.

If you haven’t yet chosen a lender, don’t worry! We work closely with trusted mortgage professionals who specialize in helping first-time buyers. Getting pre-approved also means you’ll know exactly what kind of mortgage you qualify for, giving you confidence as you start your search.

Step 3: Identify Your Needs vs. Wants in a Home
Now comes the fun part—imagining what your new home will look like! But first, you’ll need to distinguish between your “must-haves” and your “nice-to-haves.” For instance, do you need three bedrooms, or could you get by with two? Is a large backyard essential, or could a smaller one work if the house is in the right neighborhood?

Listing your needs and wants helps streamline your search and ensures you don’t get distracted by features that aren’t necessary. This will keep you focused and prevent any future regrets.

Step 4: Start Touring Homes That Fit Your Criteria
House hunting can be one of the most enjoyable parts of the process, but it can also be overwhelming. We can guide you through various neighborhoods and homes that meet your criteria. As exciting as it can be to tour different properties, remember to stay grounded in your budget and priorities.

It’s normal to have to make compromises, but don’t feel pressured into buying a home that doesn’t meet your most important needs. With patience, you’ll find a house that checks off most of the boxes!

Step 5: Make an Offer on Your Dream Home
Found the perfect home? Great! Now it’s time to make an offer. This is where things can get a little nerve-wracking, but don’t worry—we’re here to help you craft a competitive offer based on current market trends and property value.

We’ll negotiate on your behalf, whether it’s the final purchase price, closing costs, or contingencies, to ensure you get the best possible deal. And remember, it’s not just about offering the highest price but also about presenting the most appealing terms to the seller.

Step 6: Conduct a Home Inspection Before You Finalize the Deal
Once your offer is accepted, the next crucial step is the home inspection. A professional home inspector will assess the property to ensure there are no major structural or mechanical issues. The inspection will give you peace of mind and help you avoid any unwanted surprises after closing.

If the inspection uncovers any problems, we’ll help negotiate repairs or price adjustments to address these issues. After this, you’ll be ready to move forward with the closing process.

Step 7: Close the Deal and Get the Keys to Your New Home
The final step is closing, where you’ll finalize your mortgage and sign all the necessary paperwork. Once everything is completed, you’ll receive the keys to your new home.
Congratulations, you’re officially a homeowner!

Final Thoughts: Your Journey to Homeownership
Buying your first home can feel intimidating at times, but with the right preparation and guidance, it’s one of the most rewarding experiences. From setting a budget to closing the deal, each step is essential in making your homeownership dreams come true.

If you’re thinking about taking the plunge or simply want to learn more about the process, feel free to reach out. We’re here to guide you every step of the way, turning your homeownership dreams into reality!

Frequently Asked Questions (FAQs)

1. How much should I save for a down payment on my first home?
Typically, first-time homebuyers should aim for a down payment of at least 5% to 20% of the home’s purchase price. However, some loan programs offer lower down payment options.

2. How does getting pre-approved for a mortgage help?
A mortgage pre-approval helps you understand your borrowing power, sets your budget, and strengthens your offer when bidding on a home.

3. What should I prioritize when house hunting?
Focus on your needs first—such as location, size, and budget. Wants like extra space or luxury finishes can come second to make sure you stay within budget.

4. How long does the home-buying process take?
From start to finish, the home-buying process typically takes 30 to 60 days, depending on factors like loan approval and the local housing market.

5. Is a home inspection necessary?
Yes! A home inspection ensures there are no hidden issues with the property that could cause problems later. It’s a crucial step before finalizing any purchase.

At the Curtin Team, we believe in giving back to the community that supports us. Roswell is a place where people show up for one another. Neighbors extend helping hands, and acts of kindness are part of daily life. Through our non-profit organization, Curtin Team Cares, we focus on making a local impact when it’s needed the most. Our latest initiative, the Home Refresh Project, reflects this mission by offering a home makeover to a deserving teacher or staff member from the Roswell school district.

Choosing Shannon Anderson: A Heartfelt Journey
We received many heartfelt nominations, each sharing the story of someone who tirelessly gives back to the community. Shannon Anderson’s story stood out to us. Her resilience in the face of unimaginable hardship, combined with her dedication to her school and family, made her the perfect choice for this project. In one day, we will transform her home, giving Shannon a space that symbolizes hope and renewal.

Shannon’s Strength and Resilience
Shannon’s colleagues at Mountain Park Elementary describe her as the heart and soul of the school. As the school’s bookkeeper, she does far more than what her job title suggests. From updating the website to planning staff celebrations, Shannon is the go-to person for just about anything. She works behind the scenes to ensure everything runs smoothly. Her positive attitude shines through, even in the face of great personal challenges.

A Story of Loss and Inspiration
Shannon is a single mother of six. Tragically, she lost two of her children—her teenage daughter five years ago and her teenage son earlier this year. Despite this unimaginable grief, Shannon continues to inspire those around her with her optimism and dedication. She believes in doing her best, no matter the task. Mountain Park Elementary is her safe space, and the supportive community there has helped her navigate the most difficult years of her life.

A Fresh Start: The Home Refresh Project
The Home Refresh Project comes at a crucial time for Shannon. Her youngest daughter is preparing for college, and her older sons are serving in the Army or attending university. Shannon is about to enter a new phase of life, and this home makeover will give her the fresh start she needs. More than just a home improvement, it is a step toward healing and a chance to create new memories.

What the Project Includes
The home makeover includes painting, landscaping, handyman services, window washing, cleaning, organizing, and staging. It’s not just about improving her house—it’s about creating a space where Shannon can feel at peace. We aim to complete the project before Thanksgiving so Shannon can enjoy the holidays in a refreshed and uplifting space, surrounded by her family and friends.

How Roswell Shows Its Strength
Roswell is more than just a town; it’s a community rooted in care and compassion. When one of our own faces challenges, we come together to help. The Home Refresh Project reflects the spirit of Roswell, showing Shannon that she is not alone. Her community stands with her, ready to support her as she moves forward.

How You Can Get Involved
The Curtin Team and Curtin Team Cares are committed to completing Shannon’s home transformation, but we need your help. We’re calling on local vendors, businesses, and individuals to contribute either through donations or services. Your support will help ensure that Shannon’s home is ready for the holiday season.

Whether you’re a landscaper, painter, handyman, or simply someone willing to donate time or resources, we would love to partner with you. Every contribution, big or small, brings us closer to making Shannon’s home a place of comfort and joy.

How to Donate or Volunteer
To donate or offer your services, please follow the link: VOLUNTEER OR DONATE HERE, and join us in giving back to a local hero who has given so much to others.

Let’s Make a Difference Together
Our goal is to have Shannon’s home makeover completed before Thanksgiving. Let’s help Shannon turn her home into a place of hope and renewal. Thank you for supporting the Curtin Team and Curtin Team Cares as we work to make a positive impact in Roswell, the community we proudly call home.

On August 17, a historic change reshaped real estate transactions, following a settlement by the National Association of Realtors (NAR). This impacts how compensation is handled, bringing more transparency to the process for both buyers and sellers. But what exactly has changed, and how does it affect you as a consumer of real estate services?

Understanding the Changes in Real Estate Compensation

While compensation in real estate transactions has always been negotiable, the way this compensation is paid might change. When selling a home, the homeowner now has a choice of whether to pay a buyer’s agent or not. This option has always existed, but a recent lawsuit and the resulting rule change have drawn more attention to it.

Benefits for Consumers
This shift is advantageous for consumers as it brings more transparency and disclosure about who pays what and how much. For professional real estate agents, this change also highlights their value—or lack thereof—to consumers.

To enhance this transparency, the Georgia Association of Realtors has updated the forms used in transactions. For instance, the Exclusive Seller Brokerage Engagement Agreement, the document used to engage a client when marketing and selling their home, now provides more details about compensation paid to both the seller’s broker and the buyer’s broker. Real estate professionals can now better explain how compensation works, the choices sellers have, and the pros and cons of offering or not offering compensation to a buyer’s broker. Ideally, this conversation should have been happening even before the rule change, but that was not always the case.

New Requirement for Buyers
Another significant rule change requires buyers to sign an agreement with their real estate agent before they start looking at homes, whether in person or virtually. This document has been in use by many Realtors, including The Curtin Team, but is now mandatory. The Georgia Association of Realtors has updated this document to clearly state the compensation the buyer’s broker will receive. Known as the Exclusive Buyer Brokerage Engagement, this document outlines scenarios where a buyer’s broker may be compensated, whether directly from the buyer, the seller, or the seller’s broker, and specifies the amount and services covered.

At The Curtin Team, we have always trained our partner agents to begin a relationship with a buyer by meeting to understand their goals and educate them on the process—including how we are compensated and the benefits of signing an engagement to work together.

Types of Compensation for Buyer’s Brokers
Compensation for brokers working with buyers can take various forms, including but not limited to:

– A fixed-fee commission paid directly by the buyers.
– Concessions from the seller.
– A portion of the listing broker’s compensation.

I am thrilled that this practice is now required, bringing more transparency to our industry. I believe it will elevate professionalism and encourage those who may not best serve buyer clients to pursue other directions. This change presents an opportunity to showcase our value.

Industry Impact
“This isn’t a significant shift for us, but our industry has never seen anything like this,” said Joanne Curtin, Founder of The Curtin Team. “We have more buyers coming to us now seeking expert guidance, and we are confident in providing a superior customer experience by having these conversations and highlighting potential value gaps between Realtors,” she added.

We are already seeing a shift in buyer engagement and increased transparency. Buyers might want to limit the number of days they agree to the engagement or restrict the contract to specific homes.

Changes in Communicating Compensation
Another new rule states that offers of compensation cannot be communicated on Multiple Listing Services (MLS). What does this mean? If a listing broker gets a seller’s approval to make an offer of compensation to a buyer’s broker, it cannot be shared on an MLS. However, it can be communicated through other marketing avenues. Therefore, it is more crucial than ever to hire a real estate professional with a strong marketing presence and a solid local agent network.

Benefits of Offers of Compensation
Offers of compensation benefit both buyers and sellers. For buyers, it ensures access to representation throughout the homebuying process, helping them achieve homeownership on terms that best suit them. For sellers, it attracts more buyers and broadens the pool of prospective buyers by lowering the barrier for those who may not be able to afford to pay buyer agent compensation out of pocket.

For Sellers
Compensation is negotiable. The amount you pay should reflect the value you receive. Your real estate professional should guide you through the available options and help you make the best choice for your home sale. Trust your real estate professional, but if they cannot clearly explain your options and justify their compensation, seek a second opinion.

For Buyers
In Georgia, it’s “buyer beware.” Due diligence falls on the buyer, so having a professional guide you is wise. Asking a Realtor to show you a home without signing an agreement is not an option. If someone is willing to break the law and do it anyway, consider whether that is the person you want representing your best interests. Now more than ever, a strong relationship with an experienced real estate team is crucial!

We are here to answer your questions and provide guidance. Please reach out if we can assist you.

In this Agent Spotlight video, we introduce Eveline Matthaeus, a dedicated buyer’s agent on the Curtin Team. Eveline brings a wealth of professional expertise to our team, with a background in marketing from Unilever and management advisory from Andersen Consulting. Her unique specialization in assisting expats stems from her personal experience of relocating her family from Switzerland, giving her invaluable insights into the challenges and stresses associated with such moves.

Fluent in four languages, Eveline excels at connecting with people from diverse backgrounds. Her love for data analytics, paired with her honed negotiation skills, provides her clients with a strategic advantage in the competitive real estate market.

Having embraced Georgia and its warm Southern hospitality, Eveline enjoys exploring the area with her husband Marc and their three kids, often accompanied by their beloved rescue dog, Youpi. Whether she’s leading them on adventurous hikes or diligently maintaining her backyard oasis, Eveline brings passion and dedication to every aspect of her life.

Don’t forget to like, comment, and subscribe to the Curtin Team channel to stay updated on more enriching content like this!

WATCH THE FULL EPISODE HERE

In this Agent Spotlight video meet Heather Woodruff, a dedicated buyer’s agent on the Curtin Team. Originally from Boston, Heather made the exciting move to Georgia with her family, bringing her extensive real estate experience from the Boston market to the vibrant communities of Alpharetta, Roswell, and East Cobb.

Heather shares her journey of restarting her business in Georgia and the joy she finds in exploring her new surroundings. The move has brought her closer to extended family, and she loves the friendly atmosphere and beautiful spring weather of the South.

Before embarking on her real estate career, Heather was a pediatric physical therapist. Her passion for helping others seamlessly transitioned into real estate when she sold her own home and fell in love with the process. This inspired her to make a significant career change and become a realtor.

Heather holds several special designations in real estate, including being an Accredited Buyer’s Representative (ABR), Seniors Real Estate Specialist (SRES), Real Estate Collaboration Specialist in Divorce (RCS-D), and certified Real Estate Negotiation Expert (RENE). Her genuine love for getting to know people and her attentive listening skills make her an exceptional agent who truly cares about her clients’ needs.

Don’t forget to like, comment, and subscribe to the Curtin Team channel to stay updated on more enriching content like this!

WATCH THE FULL EPISODE HERE

Hey Kids,

As you start exploring the world of real estate investment, I want to share some insights I’ve picked up over the years. Our hometown of Roswell offers opportunities for smart investments. Here are a few tips to help you navigate the real estate landscape and find your own path to success.

Roswell is famous for its beautiful historic homes, top-rated schools, and cool vibe. When thinking about investments, it’s important to understand what makes this area special. Check out market trends, property values, and neighborhood vibes. Keep an eye on new businesses, infrastructure projects, and zoning changes that can boost property values.

You’ve probably heard this a million times, but it’s true: location is everything in real estate. In Roswell, great locations often mean being close to excellent schools, parks, shopping centers, and restaurants. Look for properties in areas like Historic Roswell or nice established neighborhoods. A prime location can make a big difference in rental income and property value.

While Roswell has plenty to offer, it’s smart to diversify your real estate portfolio. Think about a mix of property types—single-family homes, townhouses, even commercial properties. Each type comes with its own perks and risks. Diversifying helps protect against market ups and downs and gives you a balanced approach to building wealth.

When looking at potential investments, check out the condition of the property. Older homes in Roswell might need some work, but they can be real gems if renovated properly. Look for places with room for improvement, like cosmetic updates or expansions. Investing in well-maintained properties or those with high potential can really pay off.

Tap into the expertise of local Realtors (like your ol’ dad here), property managers, and contractors. Their knowledge can give you valuable insights and help you make smart decisions. Networking with these pros can also lead you to off-market deals and opportunities you might not find on your own.

While short-term gains are tempting, real estate is often most rewarding when you think long-term. Consider how property values might appreciate over time and look for areas with strong growth potential. Buy real estate and wait, time will do the rest. Even if you don’t get a screaming deal when you purchase,over time you’re investment will continue to increase. Roswell’s mix of historic charm and modern amenities makes it a great place for long-term investment. Hold onto properties that are likely to grow in value and provide steady rental income. Don’t be tempted to sell with market ups and downs, stay the course.

The real estate market is always changing, so staying informed is crucial. Keep up with local market trends, economic factors, and zoning law changes. Attend local real estate seminars and join investment groups to stay connected and learn new things. Being adaptable and ready to tweak your strategy based on market conditions will help you stay ahead.

Financing is a big part of real estate investment. Explore different options like traditional mortgages, home equity loans, and private lenders. Knowing the terms and conditions of each option and developing trusted relationships with lenders will help you make the best financial decisions. Keep an eye on interest rates and loan conditions, as they can greatly impact your returns. Sometimes it makes sense to buy and lock in a longer term low rate even if the price isn’t great.

Real estate investment isn’t just about making money; it’s also about improving quality of life. Think about how your investments can benefit the community and enhance your own quality of life. Treat your tenants and property well and this will pay dividends over time and lead to sustainable and rewarding investments.

Investing in real estate offers a unique mix of opportunities and rewards. By understanding the market, focusing on prime locations, diversifying your investments, and leveraging local expertise, you can build a successful real estate portfolio. Stay informed, think long-term, and remember the importance of quality of life. With these principles in mind, you’ll be well on your way to making smart and rewarding real estate investments.

I’m so proud of you for taking this step. Remember, this journey is as much about learning and growing as it is about financial success. Trust your instincts, stay curious, and never hesitate to ask for advice. Don’t wait to buy real estate, buy real estate and wait. Here’s to your future success!

With love and wisdom,

Dad

There are several reasons why someone might want to buy a house in Roswell, GA. Firstly, Roswell is a growing city with a strong real estate market, making it a smart investment for those looking to purchase property. The city’s population has been steadily increasing in recent years, indicating a strong demand for housing. Additionally, Roswell has a diverse range of neighborhoods, each with its own unique character and charm, providing a range of options for prospective buyers. Whether you’re looking for a historic home in the heart of downtown or a newer build in a suburban development, here’s a list of 50 things you might not know about buying a house in Roswell.

1. The average home price in Roswell is $502,000, according to Redfin.

2. Roswell has a total area of 42.0 square miles.

3.. Roswell is located 22 miles north of Atlanta.

4. Roswell has a population of approximately 94,000 people.

5. As of April 2023, the median home price in Roswell, Georgia is approximately $490,000.

6. The city of Roswell is known for its historic downtown district, which features a variety of shops, restaurants, and entertainment options.

7. The Roswell Farmers and Artisans Market is a popular local attraction that takes place every Saturday from April through October.

8. Roswell has been recognized as one of the best places to live in Georgia, and was named one of the top 100 places to live in the US by Money magazine in 2019.

9. The city has a highly rated school system, with several elementary, middle, and high schools serving the area.

10. Due to its proximity to Atlanta, Roswell residents have access to a wide range of employment opportunities.

11. The Chattahoochee River National Recreation Area is located in Roswell.

12. Roswell was founded in 1839 and is the eighth largest city in Georgia.

13. The average commute time in Roswell is 29.2 minutes.

14. The Roswell Farmers and Artisans Market is held every Saturday from April to October.

15. The Roswell Roots Festival is held every February to celebrate Black history.

16. The Roswell Arts Festival is held every September.

17. The Roswell Memorial Day Ceremony is held every year to honor veterans.

18. The Roswell Cultural Arts Center hosts concerts, plays, and other events throughout the year.

19. The Roswell Park System includes 18 parks and facilities.

20. The Roswell Area Park includes a swimming pool, tennis courts, and a dog park, walking trails and multiple sports fields.

21. The Vickery Creek Trail is a popular hiking trail in Roswell.

22. The Big Creek Greenway is a popular trail for biking, walking, and running.

23. The Chattahoochee River provides opportunities for fishing, boating, and kayaking.

24. Roswell is home to several golf courses, including the Country Club of Roswell and Brookfield Golf Club.

25. The Roswell Ghost Tour takes visitors on a spooky journey through the city’s haunted sites.

26. The Roswell Beer Festival is held every March.

27. The Roswell Wine Festival is held every October.

28. The Roswell Restaurant Week is held every January.

29. The Roswell Farmers Market is open every Saturday from April to October.

30. The median home price in Roswell range from around $200,000 to over $2 million.

31. The most popular style of homes in Roswell are single-family homes, but there are also townhomes, condos, and luxury properties available.

32. Roswell is home to several historic homes and landmarks, including the Archibald Smith Plantation Home, which dates back to the 1830s.

33. The city has a strong economy, with several large employers in the area, including Kimberly-Clark and UPS.

34. The city has a well-developed infrastructure, including excellent transportation options and high-speed internet access.

35. Homeowners in Roswell are required to pay an annual stormwater fee to help maintain the city’s drainage system.

36. The cost of utilities in Roswell is relatively low compared to other cities in the Atlanta area.

37. Roswell has a diverse dining scene and over 100 restaurnats, with options ranging from casual cafes to upscale restaurants. The city is known for its Southern-style cuisine, but there are also international options available.

Roswell a great place to put down roots and build a life. If you’d like a tour of all that Roswell has to offer, please reach out to us!

In recent years, one term has dominated economic discussions: INFLATION. A recent survey revealed that 82% of respondents feel the impact of inflation on their household budgets. I want you to consider how investing in the North Atlanta real estate market can be a strategic response to inflationary pressures, especially for first-time investors.

The North Atlanta Real Estate Market in Numbers

Let’s start by looking at the average sales price increases over the past year in key North Atlanta cities:

Milton: From $1,001,114 in 2022 to $1,071,125 in 2023 (an increase of $70,011)
Alpharetta: From $590,609 to $643,293 (an increase of $52,684)
Roswell: From $554,821 to $598,375 (an increase of $43,554)
Woodstock: From $420,110 to $441,110 (an increase of $20,924)

This translates to an average annual increase of 7.3%.

Real Estate as a Hedge Against Inflation
So, how does real estate investment counter inflation? Here are three key ways:

• Rising Rents, Fixed Mortgages: As inflation rises, so do rental prices, while your mortgage rate stays the same. This means your return on investment increases with every rent hike.
• Paying Less Over Time: Inflation devalues future dollars. Since your mortgage payments are fixed, you effectively pay back less over time in real terms.
• Property Value Growth: Inflation typically drives up property values, enhancing the worth of your investment without increasing your mortgage debt.

Beyond Inflation: The Four Pillars of Real Estate Investment
Besides being one of the best hedges against inflation, real estate offers 4 other key benefits. Leverage, passive income, appreciation and tax write-offs.

• Leverage: Use loans from banks or mortgage companies to amplify your investment power.
• Passive Income: Rental income helps pay off your mortgage, building equity in your property.
• Appreciation: Property values tend to increase over time, boosting the worth of your investment.
• Tax Advantages: Benefits like depreciation deductions can reduce your taxable income.

Understanding Return on Investment (ROI)

Consider you buy a property for $100,000 with a 20% down payment ($20,000). If the property appreciates by 5%:

Gain: 5% of $100,000 = $5,000
ROI: $5,000 is 25% of your $20,000 investment
In comparison, to match this in a mutual fund at 10% yield, you’d need a $250,000 investment.

Getting Started in Real Estate Investment
Hopefully I’ve convinced you to at least consider the idea of investing in real estate now. So where do you start? The first step is to define, with as much detail as you can, the criteria of the investment property. Consulting with a Realtor who has experience with investment property can help you gain clarity around what makes a good investment.

• Define Your Criteria: Detail the characteristics of your desired investment property – location, size, age, HOA presence, condition, and price range.
• Local Focus: Most investors focus within 20 miles of their residence. Narrow down your search to one or two areas.
• Market Research: Use online tools to track property prices and potential rental incomes. Visit neighborhoods at different times to get a feel for the area.
• Create Your Property ‘Avatar’: Develop a clear vision of your ideal investment property to streamline your search.
• Due Diligence: Once you have a property in mind, thoroughly check financial aspects like mortgage, insurance, and HOA rules. Consider getting contractor quotes for any potential upgrades or repairs.

Take the Leap

Armed with knowledge and the right strategy, 2024 can be your year to start investing in real estate. As Warren Buffett advises, be bold when others are cautious. Consulting with a knowledgeable Realtor and lender is an excellent first step.

“Behind the Curtin” provides an inside look at local homeowners’ beautifully-crafted houses, giving insight into what it takes to renovate, upgrade, and style the most coveted parts of their dream homes. In this video series, industry expert and business owner Joanne Curtin explores local homes while interviewing their owners who live well in their homes to better understand their thought processes when making important decisions. Join Joanne to get a look into the world of luxurious real estate one wonderful home at a time.

“Behind the Curtin” Episode 11 – A Champagne Wall and Museumesque Townhome In Roswell, Georgia

WATCH THE FULL EPISODE HERE

In this episode of ‘Behind the Curtin’, Joanne Curtin takes you on an exclusive tour of the exquisite home of Billy Reeves Jr., featuring a one-of-a-kind champagne wall that defines luxury living like never before.

Joanne: Billy, where did you live before you moved to this gorgeous townhome in Roswell?

Billy: For the last nine years, we lived in Buckhead at a place called The View at Chastain.

Joanne: So, what made you choose Roswell? You could be anywhere.

Billy: I’ve been here all my life. After graduating Griffin High School, I went to Georgia Tech and I’ve been here ever since. My wife, Eileen, is from Stone Mountain. A friend of ours suggested we check out some new construction on Canton Street. I hadn’t been up to Canton Street for a while so I decided to take a drive up here. When I pulled in to Blacksmith Row, I called the real estate agent and she let me in. Once inside, I emailed Eileen the information and she simply said, “That’s where we’re going to live now”.

Joanne: What was it about this place that checked so many boxes for you?

Billy: Since the unit we purchased wasn’t completely finished, we had the option to make any changes that we wanted. And so, I felt like I literally built this place. I came here every morning and every evening for a year and a half and put this place together.

Joanne: How did your changes to the original design increase the value of the property?

Billy: The biggest thing was changing the layout and since I am in the cabinet business, we upgraded all the cabinetry, the countertops, and the closets. We also upgraded the fans and the showers. In addition, we worked with designer, Jennifer Crosby, of Crosby Design Group here in Roswell to select the tile, carpeting, and colors.

Joanne: Besides working with Jennifer Crosby, did you use a designer? What was that like?

Billy: We worked with a good friend of ours, Mariano. Previously, he had helped us redesign our showroom at Founders Kitchen and Bath. He is absolutely, off the charts talented and just a great guy.

Joanne: What does your home have that you and Eileen just felt like you really needed?

Billy: The layout of this home gives us the opportunity to tell our story, from the paintings to the family memorabilia. And everything has a place, and is very intentional.

Joanne: Where do you source some of your unique finds?

Billy: Most of the furnishings came from 14th Street Modern in Atlanta. The two bookcases in the living room came from the Michael Kors Showroom at Phipps Plaza. Possibly my favorite piece though is a small table in the elevator where we can put our coffee cups as we go up and down to the kitchen.

Joanne: Was there something that you splurged on?

Billy: Well, all of it was a splurge, the art and the furnishings. We definitely went over budget.

Joanne: What have you learned from this move?

Billy: After building an 8,000 square foot home on the golf course at Echelon, I felt like I learned a lot. Moving here from Buckhead, we learned to let our designer handle most things for us.

Joanne: What would you feel like people should not skimp on?

Billy: The biggest thing people should not skimp on is the small things, the little details. For example, the lighting in the hallway is set up to illuminate each step. This is not accidental, it is intentional. And I don’t think you should skimp on the fixtures, the faucets, the door handles, all that kind of stuff. And you definitely don’t want to skip on the cabinetry!