When it comes to the architectural style of a home, some people think about resale value and others focus on their personal dream home. If visions of Colonial, Modern or Ranch homes dance in your head, it pays to go with the heart. However, a good Realtor will assist you in understanding the most popular architectural styles and projected real estate trends as it relates to resale value. According to research by trulia.com, favorite home styles depend on which part of the country an individual resides. For home buyers in our area, some of the common home styles include ranch, craftsman and contemporary. A lot of home buyers specifically seek mid-century modern homes to renovate. If you aren’t sure which style to choose, experts say the safest best is to opt for the humble ranch style home. In fact, ranch is the favorite architectural style in 34 states.
A ranch is a single story home, which appeals to aging home buyers including baby boomers who don’t want to travel up staircases. Ranch homes as well as contemporary homes have open floor plans. Built in Springfield in the 1980s and 1990’s ranch homes include attached garages with attractive brick. When it comes to projected real estate trends, experts say the ranch is making a comeback but other architectural styles making headlines include the modern home with geometric lines and a lot of windows. Continue reading
When selling your Springfield, MO home, it’s important to gain a better understanding of today’s primary buyers. According to a recent piece by themortgagereports.com, the generation that currently owns the most homes is members of Generation X in the 35 to 54 age category. Now that the Great Recession is only a distant memory and chapter in history books, it’s time to move on. For many Gen X home buyers, moving on means finding a larger home that requires some sweat equity or work. In Springfield, MO, Gen Y or Millennials as well as Gen X create tremendous demand for larger starter homes that are “projects.” When selling your Springfield MO real estate, consider key ways to attract buyers. Continue reading
The real estate market has seen its ups and downs in the last ten years. Free falling mortgage rates and foreclosures cast a damper on the market, alongside layoffs and companies sending their products off to Taiwan or China to be made. Recently there has been a spate of articles assuring home hunters that rates are coming down, credit doesn’t have to be letter perfect to obtain a mortgage, and if home hunters have a job, they can get a mortgage. Even more articles describe how to apply for a no down payment mortgage.
After so many years of bad news and worse news on the real estate front, home seekers are hopeful again. Certain aspects of the houses for which they’re hunting are as important as that hope, such as the open concept floor plan. It begs the question in projected real estate trends: will the open concept floor plan remain hot? Continue reading
Changing times mean that a few industries who didn’t change with them get left behind or go bankrupt. When times change, technology changes with them. For example, we’ve seen astounding changes in the medical field through wearables, telemedicine and home monitoring systems reporting to patients’ doctors. An even better example is driverless cars, which are becoming a little less fearsome to normal drivers. What else can be expected to change? We’re seeing the real estate market leaning towards new technology which would disrupt the luxury real estate market. Continue reading
Buying a home is a major milestone and one that few people reach in their 20s. For those who do manage to get together the down payment and land the well-paid job in their 20s or early 20s, there are key lessons to learn from older home owners. Although it was a lot different to buy a home decades ago because of higher interest rates, some of the same principles still apply. When buying a home in Springfield, MO, consider the advice of established home owners who bought early in life. A recent article by forbes.com points out home ownership feels like a major leap into official adulthood. Continue reading