January 25th, 2017 By H&H Real Estate Media in Blog.
Cal BRE Lic. #01730388/00983770, This is not intended as a solicitation if your home is already listed with another broker.
Happy New Year to all. What a crazy last couple of months it has been. Most of us have been on news overload and look forward to a little less drama on that front. Keep our fingers crossed. We are very excited about the opportunities the New Year brings as it relates to real estate. Aren’t we all involved in this interesting sector, if not as owners, then prospective buyers or long term renters? Hopefully there is a little something of interest here for everyone.
2017 COLOR TRENDS
Don’t you just love trends . . . if you live long enough you realize what’s here today is not only gone tomorrow, but back again soon. Well, the good news for many – warm tones are returning. Those cool grays that made many feel their own color palette had become passe, are transitioning to warmer versions in the taupe family. Too, while always acceptable, the recent trend to all white walls is fading in favor of soft color. As to accents, shades of red are returning, strong greens (think forest or kale), are making a come-back from many years past, and strong yellows and lime add refreshing accents as well. Generally speaking, when it comes to interior paint and fabric colors, the warm tones do have more staying power, and just about anyone’s favorite color has a warm version, even white. Thinking about sprucing up with paint? It’s sure an affordable way to make a big difference. Need a referral or simply want a second opinion – there’s lots of experience here and we’re always happy to assist.
Thinking about more extensive updating this year? Remember it’s best to focus on the kitchen and baths if resale value is important to you. All buyers continue to be most impressed with updates in these two areas Open floor plans continue to be the trend and are particularly popular with the younger set. Note, however, if selling is a viable thought for 2017, whatever the style or condition, it’s not too early to get a start with a long term plan. The more prepared you are, the better the home will show and the more money you will net. How to spend the least to get the most is key. Let’s chat before you spend.
What’s in store in 2017?
The usual reliable forecast sources are scratching their heads at this point having been surprised by the outcome of the election. The Trump economic impact will unveil itself quickly in the next couple months and the 2017 forecast will clarify based on those results projected forward.. It will be interesting to watch. In the meantime we do know there is optimism in the air. We expect continuing low inventory and increased buyer demand from older Millennials who have had a few years to save. Then, after 7 to 9 years since the early days of the recession, we have the re-entering “boomerang” buyers, those who needed or chose to give up home-ownership for a time. Both these groups are not only spurred on by the desire to be homeowners, but too, by the much inflated rents they now pay. As to interest rates – while not at the very lowest, they are still historically low and a slight tick up shouldn’t dissuade the serious buyer.