When house hunting or making a priority list of improvements for an existing home, most couples will eventually have to compromise. In my 23 years of marriage and 20 years of real estate experience, I have found that most men defer to what their spouse wants first, while making their own private plans for what they really want in their home. When we purchased our own home, I know that my wife Joanne didn’t even notice the built-in speaker systems throughout most of the house, and it was definitely a selling feature for me! In honor of Father’s Day, I’m spilling all of the secrets – here’s Tom’s Top 10 Things Dads Want In A Home.
10. The Shower – We want a spacious shower. It’s not because we need a lot of room, but because we know that our spouse is going to stock the shelves with their products. We need to make sure there’s enough space for our own body wash and shampoo. We also want a great showerhead and good water pressure!
9. The Speakers / Sound Systems – We like our tunes and being in control of the music. Having a speaker system that is beyond a single portable speaker, one that goes throughout the main living areas and out onto the deck, is ideal for any dad who likes to set the vibe of his domain.
8. The Bar – We want a bar area where we can keep that expensive bottle of liquor we are “saving for a special occasion.” It’s also important to have a spot where we can mix a quick drink when friends visit. The ideal bar is either adjacent to or in a comfy room where you can sit and enjoy your favorite beverage with your spouse.
7. The Home Office – When I think of my dream office, the TV show Mad Men is what comes to mind. That means deep wood furniture, leather-bound books on the bookshelf, a box of cigars, and a fully stocked bar. Work hard, play hard.
6. The Garage – We need space for everything from cars and sporting equipment to yard tools and kids’ toys. Having shelves, storage bins, and a workbench turns this space into an organized area instead of a piled-up mess. In a perfect world, the garage floor will have a cool epoxy finish so we are prepared to buy our dream sports car when we hit our mid-life splurge. When it comes to the garage, the bigger the better. We’ll find a way to fill the space.
5. The Kitchen – We enjoy innovations like built-in griddles on a new stove for making the kids pancakes on Saturday morning. Appliances with LCD screens, dual convection ovens, finger swipe screens – we love the technology. A built-in coffee station is also a big yes!
4. The Fireplace – Men love fire. We like to start fires, watch fires, and sit by fires and sit around a fire with family or friends sharing dad jokes. We want a great indoor fireplace, and we would love to have an outdoor fireplace with a seating area, too.
3. The Yard – Men are generally drawn to more space and bigger yards. It’s not because we want to spend all weekend working in the yard, but we do like having a place to go outside where we feel nature around us. If we can occasionally use a chainsaw, that’s a plus.
2. The Outdoor Living Space / The Deck – We want a deck big enough to house a grill and maybe a green egg – a place where we can eat outside as a family and enjoy a cocktail or hang out with friends. Ideally, this deck overlooks our great yard, so we can sit on the deck after working outside all day and appreciate what we’ve done, even if no one else notices the trimmed hedges and freshly cut grass. The icing on the cake is a big screen TV so we can watch the game while grilling and chilling with friends.
1. The Basement – The basement serves as a getaway space – i.e., the man cave. A huge TV and a comfortable seating area are must-haves for enjoying a game or movie. The basement is also the place for us to keep all the stuff that we’re not allowed to have anywhere else in the house. The basement is removed from the rest of the house and doesn’t always fall under the decorative oversight of our spouse, so we can have free reign to hang signed sports jerseys, have a comfortable chair, a ping pong table, or put our favorite piece of furniture from college that we refuse to give up. Lastly, this is a great spot for a home gym. The home gym is where we keep our exercise equipment (hopefully not the kind that was bought at 3:00 AM from an infomercial) whether we use it as often as we’d like or not.
House hunting is made so much easier when you know exactly which features you are looking for. Us dads often don’t seem picky, however there are definitely certain elements that keep us happy in our homes. Most of these revolve around spending time with family and friends, who are the loved ones that make being a dad so great in the first place.
Are higher interest rates going to cause a real estate market crash? We’ve been getting some variation of this question a lot lately. The reality is no one knows exactly what will happen yet there are some fundamental truths to consider. I once heard someone say that an economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today. With that, let’s start with some facts.
This year, the Federal Reserve raised its interest rates by half of a percentage point. This is its largest rate increase since 2000 and the first time since 2006 that the Fed has increased rates in back-to-back meetings.
It’s important to understand why interest rates are rising. Primarily, raising interest rates is one of the most powerful tools the Federal Reserve has to control the economy and inflation. During a recent news conference, Fed Chairman Jerome Powell explained “inflation is much too high and we understand the hardship it is causing. We’re moving expeditiously to bring it back down.”
Bringing down inflation without causing a recession is a difficult task that requires careful precision. By raising rates, the Fed hopes to cool the housing market without stopping it altogether – quite the balancing act.
As rates increase for borrowers, some buyers are forced out of the market because they can no longer afford homes that have appreciated so much in value. But interest rates will have to go up significantly to soften housing prices and curb inflation. We don’t expect to see prices go backwards, but they also can’t keep appreciating at 20% per year.
Serious buyers view rising rates as a reason to buy sooner, not to wait any longer. When house hunting, budgeting with a higher rate in mind can be greatly beneficial. For example, base your expected payment assuming that it will eventually have a ½ percentage higher rate. If rates go up, you’ll be in budget, and if they don’t move, you’ll have a cushion built in.
Rental rates have increased, too, so first-time homebuyers are still looking to buy because purchasing a home is less expensive than renting in most cases. The most reliable hedge against inflation is a fixed housing cost in the way of a fixed mortgage. As a renter, there is no protection against rising costs of rent because of very few rent-control laws.
These factors lead many to wonder: Will rising interest rates cause an eventual price crash? With the financial crisis of 2008 still fresh in our memory, it’s easy to see why people might expect home prices to fall. This time, however, there are many differences. I remember back in 2006 when banks were handing out “no doc loans” that asked for your personal finances with no written proof. This created artificial demand by making it easy for just about anyone to “qualify” for a home loan or refinance their current home. Today, purchasers and those refinancing homes face much higher standards and stricter guidelines from mortgage companies. Because of this, purchasers can afford the mortgage they’re taking on and there are less defaults. The speculative buyers who were purchasing homes and reselling them six months later for quick gains are not as prolific as they were in 2005-2007. The price drop seen during The Great Recession was caused mainly by the financial crisis, which led to a foreclosure crisis. When foreclosures flooded the market, prices dropped. The fear of another huge foreclosure event in today’s market is just not as realistic as it was a decade ago.
There’s still a very real housing inventory shortage that is driving demand. Even with higher interest rates, buyers are relocating away from big cities and are viewing Northern Atlanta as valuable. With continued demand, supply issues delaying new construction for the foreseeable future, and relative affordability in housing in our area, we expect rising rates to slow real estate sales somewhat, but they will not be stopping completely any time soon.
You’ve signed the listing agreement and now you’re getting ready to have your home photographed. As a Curtin Team client, you have the benefit of our Home Stylists who provide exceptional home staging services. But there is plenty that you can do to prepare your home before it hits the market.
We all know that staged homes sell for more money. But very few of us have the time or energy to clean and declutter every square inch of our homes. So, let’s focus on the rooms that will make the most impact and get those potential buyers excited to make a great offer on your home. Take a tour of your home as if you were a potential buyer. What stands out to you? It will probably get their attention as well.
Front Porches – staging means cleaning, decluttering, and depersonalizing. Does your front porch feel inviting? Does the front door need to be repaired or repainted? If you have enough room for a seating area, make sure it is clean with fresh cushions and some potted plants. Buyers will feel welcome before they even enter the home.
Living rooms – or whatever is the very first room you see when you walk in the front door. Get the carpets cleaned, dust and declutter shelves and tables, and paint it a neutral color, if necessary. Also, be sure to clean the windows (or have them professionally cleaned).
Kitchens – the number 1 staging rule is to clear those countertops! Time spent cleaning and organizing the kitchen will definitely pay off. Updates to lighting and paint color are worth it too. Something as simple as fresh hand towels can brighten up the space.
Bedrooms – specifically the owner’s bedroom. Minimizing the amount of furniture can help buyers imagine their own items in the space.
The best staging tip we’ve found is to clean, clean, clean. If you do nothing else, that will make your home feel fresh and welcoming.
Mortgage rates rose today, but rates overall are at historical lows. The average rate on a 30-year fixed mortgage is 4.47%, according to Bankrate.com, and the average rate on a 15-year mortgage is 3.64%. On a 30-year jumbo mortgage, the average rate is 4.48%, and the average rate on a 5/1 ARM is 2.96%. These rates are just averages and subject to change daily. For current rates contact your preferred lender.
During the pandemic we had historically low rates. The factors that most affect the rate increases today are inflation and economic growth. But rates can change for various reasons. Overall though, rates are expected to continue to go up this year.
Does this mean you should cancel your home buying plans? Absolutely not! Even though rates are higher than in 2021 they are still very low. 30-year fixed rates were in the high 5%’s just a few years ago.
Buying a home isn’t just about interest rates though, it’s also about making a lifestyle choice. It’s best to find right house for you when the time is right for you. Home values have historically risen and now is a good time to get in to your dream home.
Kanani Briggs, Realtor, and Cheri Bartlett, Space Strategist, discuss the ways you can start organizing your home in preparation of a Spring sale. Cheri offers tips on tackling difficult areas to organize as well as the services she offers homeowners to help them move items out of their homes.
For more information, contact Kanani Briggs at firstname.lastname@example.org or 678-287-4848.
Successful home sellers know that the key to a quicker, less stressful sale begins with an appropriate listing price. Before boxes are packed or walls are painted, understanding your home’s market value should be your number one priority. General Market Analysis Summary also known as a CMA (Comparative Market Analysis) is the first step to estimate the value of a home sale relative to comparable properties in your area.
Factors that influence a CMA include:
– Square footage
– The number of bedrooms and baths
– The age of the home
– Construction and style
– Neighborhood and schools
However, not all CMA’s are the same. There is no standard process for creating CMA’s. Each agent has their own tools and methodology. The CMA you receive from the Curtin Team is different than CMA’s developed by other agents because we use a variety of tools such as the MLS (Multiple Listing Service), tax records, and an understanding of off-market sales. This deep knowledge of the local market makes our CMA’s invaluable to sellers looking to price their homes appropriately for the market.
A CMA from the Curtin Team helps match buyers and sellers with the best options in their price range and desired location and allows sellers’ homes to spend the shortest possible time on the market. Our List to Sale price ratio (seller’s asking price to the actual sale price) is above industry averages because of the way we strategically analyze this data to accurately price your home.
Tom and Joanne Curtin joined Mitchell Palm, President of Business Development, Smart Real Estate Data, and host Geoff Smith to talk about what’s working in property sales and purchases, what’s ahead for 2022, and much more. ATL Developments with Geoff Smith is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.
ATL Developments with Geoff Smith covers all things economic development in the Atlanta Metro area. From everything inside the Beltline to Avalon and beyond, Geoff Smith interviews the movers and shakers making the ATL one of the best places to live, work and play.
Follow the link to listen to their entire conversation –
If you couldn’t make it or just want to listen again for all those great tips and tricks, Organizing Made Easy – a Zoom Class with Joanne Curtin and professional organizer, Rebekah Lignugaris, is available for you to listen to at your convenience.
Zoom Class - Organizing Made Easy Recording Sign Up
Our annual Photos with Santa event looked a little different this year, but everyone still enjoyed themselves! Santa was able to visit our office last Saturday for photos and a chance check his list a second time, just to be sure. We wish everyone a Merry Christmas and a healthy and prosperous new year!
The Roswell real estate market has proven to be strong even through general economic slowdowns across many industries. The biggest challenge faced by Home Buyers is the lack of inventory, or homes for sale. In this video, Joanne explains the current market conditions and why Roswell, GA remains a popular market for buyers and sellers.