Most new homeowners have something about their property that they want to change. And as family needs and design trends shift over time, many will eventually choose to remodel. Some homeowners make updates to their property before listing it to maximize their potential sales revenue.
Whatever your reasons are for taking on a home improvement project, it’s wise to consider how the money you invest will impact your home’s value.
We’ve taken a look at six popular home renovations and identified those that—on average—have the best and worst returns on investment. So before you lift a hammer or hire a contractor, take a look at this list and see if your remodeling efforts will reward you when it comes time to sell.
RENOVATIONS THAT PAY OFF
These three common home improvement projects not only add function and style to your home, but they also offer a strong return on investment. Making strategic upgrades to your property will help you increase its value over time.
Minor Kitchen Remodel
The kitchen is often referred to as the “heart of the home,” and for good reason. Traditionally used for preparing food, it has morphed into so much more. Many of us now eat our family meals in the kitchen, it serves as a favorite spot for homework and kids’ art projects, and it’s the place guests tend to gather when we host events.
Because we spend so much time in our kitchens, it’s natural that we will eventually want to make updates and upgrades to better suit our needs and changing style preferences.
Luckily, a minor kitchen remodel is one of the best investments you can make in your home. According to Remodeling Magazine’s annual Cost vs. Value Report, it has an average 80.5% return on investment.1
The key to making a kitchen remodel pay off is to keep it modest in scale. Spend too much on custom or high-end selections, and you are less likely to recoup your investment. Instead, make an effort to keep your existing layout if it works for you and your family. Paint or reface cabinets instead of replacing them. Update countertops with low-maintenance quartz and swap out old light fixtures with modern alternatives. Replace outdated appliances with energy-efficient models. The average cost for a minor kitchen remodel is $22,500, and it’s likely to recoup more than $18,000 at resale.1
Wood Deck Addition
A deck addition is a popular way to extend and enhance the use of your outdoor space. It’s the perfect spot for grilling, dining alfresco, and entertaining. In fact, 81% of surveyed homeowners said they have a greater desire to be home since completing a deck addition.2
For a 16 x 20-foot wood deck, you can expect to spend around $13,000. Fortunately, the money you invest offers an average return of 76%.1
Decks made of composite material are a popular alternative these days, as they don’t require the regular sanding and staining that wood decks need. However, at an average cost of $19,000 for a 16 x 20-foot composite deck, they are significantly more expensive. Plus, the expected return on investment is only 69%.1 Still, if you plan to hire someone to provide regular maintenance to a wood deck, then a composite deck may offer cost savings over time.
Everyone knows good curb appeal is important when selling your home. And while it may not be the most exciting way to spend your remodeling budget, new siding can make a big impression on buyers … and your selling price.
Your home’s exterior is one of the first things buyers see when they view your home. It sets the tone for what they are going to see inside. It also gives an impression of how well the property has been maintained. Worn, peeling, or rotted siding can be a major red flag for buyers.
Replacing 1,250 square feet of siding costs around $16,000 and will net you an average of 76% at resale.1
For an even greater impact, consider replacing a portion of your siding with manufactured stone veneer. It can have a dramatic effect on the visual appeal of your home. A 300 square foot area will run you around $8,900, but you can expect to see a nearly 95% return when it comes time to sell.1
RENOVATIONS WITH WEAK RETURNS
These three popular remodeling projects are homeowner favorites. However, don’t expect to see a high rate of return at resale. Instead, consider them an investment in your current quality of life. Just make sure you’ll be living in the home long enough to make them worthwhile.
Major Kitchen Remodel
If there’s one room the majority of homeowners dream about making over, it’s their kitchen. From custom cabinetry to high-end appliances, the possibilities are endless. But those dreams can come at a cost.
An upscale kitchen remodel with high-end cabinetry and countertops, commercial-grade appliances, and designer features can cost upwards of $130,000. And unfortunately, you’ll only get back around 60% at resale. Even a mid-range kitchen remodel that includes new semi-custom wood cabinets, laminate countertops, and energy-efficient appliances could run you around $66,000 and net you a mere 62% at resale.1
Of course, an outdated or non-functional kitchen could turn buyers off from your home completely … and keep you from enjoying it yourself! So if your kitchen needs a major remodel, you shouldn’t necessarily scrap your plans. Just go in with the realization that you may only get back a fraction of what you invest. Then you can decide which upgrades are worth the splurge.
Few additions deliver more entertainment or enjoyment than an in-ground pool. It brings families and friends together, provides a break from the summer heat, and offers a fun and convenient way to stay fit. Plus, you’ll be the envy of your neighbors! But before you dive into a pool addition, consider whether the benefits outweigh the (substantial) costs.
The average expense to install a standard 18 x 36-foot in-ground pool is $57,500. And the estimated return at resale is only or 43%.2 In addition to the installation cost, plan to spend money each year on maintenance, repairs, and additional insurance.
However, 92% of surveyed homeowners said they “have a greater desire to be home” since installing a pool, and 83% have “an increased sense of enjoyment when they are at home.” For you and your family, the perks of a pool may be priceless.2
Master Suite Addition
If you own a house built before the 1980s, there’s a good chance it lacks a master suite, which is a feature that has become commonplace in most newly constructed homes.3
Master bedrooms have evolved from a simple place to sleep into a homeowner’s retreat—often featuring a sitting area, his-and-hers walk-in closets, and an attached bathroom with double vanities, a soaking tub, and a walk-in shower.
And master suite additions have become increasingly popular—both in homes that lack one as well as those with aging owners who can no longer accommodate stairs to an upper-level bedroom.
But what’s the typical return at resale? Unfortunately, a master suite addition offers one of the lowest returns of any remodeling project. With a median cost of $125,000, most sellers will only recoup around 52% of their investment. Nevertheless, in a survey of homeowners, the majority were satisfied with their decision to add a master suite, giving it a “Joy Score” of 10 out of 10.4
WEIGHING COST VS. BENEFIT
It’s always wise to enter into a remodeling project with knowledge of how it will impact your home’s value. In most cases, upscale or highly-customized upgrades are less likely to offer a high rate of return. That said, home renovations that improve your quality of life and enhance your enjoyment may be worthwhile no matter the cost.
|GET A CUSTOMIZED ANALYSIS OF YOUR PROJECT
We’ve been talking averages. But the truth is, the actual return you can expect on a home improvement project will vary depending on your particular home and neighborhood. If you have plans to remodel, call me! (404-219-1938).
I’d be happy to conduct a free analysis to determine how the renovations will impact the value of your home! Anita
- 2019 Cost vs. Value Report - https://www.remodeling.hw.net/cost-vs-value/2019/
- NAR’ Remodeling Impact Report – https://www.nar.realtor/sites/default/files/documents/2018-05-remodeling-impact-outdoor-features-05-23-2018.pdf
- Zillow - https://www.zillow.com/blog/evolution-of-the-master-bedroom-48286/
We all want to be good neighbors. But when it comes to getting your home sold, it’s not just about “keeping up with the Joneses.” It’s about outshining them at every opportunity!
If you’re looking for your house to sell quickly and for the most money possible, you’ll need a strategy to set it apart from all the other listings competing for buyers in your area. That’s why we’ve outlined our proven, five-step plan for serious sellers.
Use these five tactics to help your listing get noticed, win over buyers, and net a higher sales price than your neighbors!
STEP 1: Stage Your Home to Show Its Full Potential
The average seller will do the minimum to prepare their home for market: clean and declutter, fix anything that’s broken, mow the lawn. And while those tasks are essential, today’s buyers want more than just a clean house and tidy yard. When they dream of buying a new home, they envision a designer house with modern finishes. Help them see your property’s full potential by staging it.
Home staging is one of the hottest trends in real estate—because it works! According to the Real Estate Staging Association, homes that are professionally staged spend 73% less time on the market.1
So what exactly is staging? In a broad sense, staging is the act of preparing your home for market. The goal is to highlight your home’s strengths, minimize any deficiencies, and help buyers envision themselves living in the space. When staging a home, you might rearrange the furniture to make a room feel larger or remove heavy curtains to make it appear brighter.
Some sellers choose to hire a professional home stager, who has specialized training and experience, to maximize the appeal of their home to the largest number of potential buyers. Others may opt to do it themselves, using guidance from their agent.
We can help you determine the appropriate budget and effort required to push your home ahead of the competition in your neighborhood. The good news is, an investment in staging pays off. A 2018 survey found that 85% of staged homes sold for 6-25% more than their unstaged neighbors homes.2
STEP 2: Draw Buyers in with High-Quality Listing Photos
You only have one chance to make a first impression with potential buyers. And many buyers will view photos of a listing before they decide whether or not to visit it in person. In fact, 87% of buyers find photos “very useful” in their home search.3 Poor-quality or amateur-looking listing photos could keep buyers from ever stepping through your door.
Since good photography plays such an important role in getting your property noticed, we only work with the top local professionals to photograph our listings. But we don’t just rely on their photography skills when it comes to showcasing your home.
We go the extra mile to ensure your listing photos showcase the true essence of your home. We’re always on site during the photo shoot to help the photographer capture the best angles and lighting, and to let them know about unique or compelling selling features that they should photograph. The extra effort pays off in the end. In fact, listings with high-quality photography sell 32% faster than the competition … and often for more money!4
STEP 3: Price It Properly From the Start
Even in a strong real estate market, there are homes that will sit unsold for months on end. This can be the “kiss of death” in real estate, as buyers tend to imagine that there must be something wrong with the property, even if it’s not the case.
But why are those houses still on the market in the first place? It’s because they are often priced too high.
Every buyer has a budget. And most will be viewing listings within a particular price range. If your property is overpriced, it can’t properly compete with the other houses they’re viewing that are priced correctly. Which means it’ll sit on the market until you’re eventually forced to drop the price.
Alternatively, if you price your home aggressively, it can be among the nicest homes that buyers have seen within their budget. This can lead to emotionally-attached buyers, who are often willing to pay a premium or settle for fewer seller concessions. And in certain markets, it can lead to a multiple-offer situation, or bidding war. The end result? More money in your pocket.
We can help you determine the ideal listing price for your home in the current market. Pricing it properly in the beginning is the best way to ensure a fast and profitable sale.
STEP 4: Put on a Good Show at Each Showing
Once buyers are interested enough to call and schedule a visit, it’s crucial that you put on a good show at each showing.
The first step is to make your home readily available—and often on short notice—for buyers to see it. A missed showing is a missed opportunity to sell your home. If you set too many restrictions on when it’s available to view, busy buyers will simply skip over your listing and move on to the next one.
Part of making your home available means keeping it relatively show-ready as long as it’s on the market. Most of us don’t live picture-perfect lives, and our homes reflect the day-to-day reality of our busy (and sometimes messy) families. But a little extra effort spent keeping your home clean, fresh-smelling, and ready for buyers will help it sell faster … which means you can get back to your regular routine as quickly as possible!
STEP 5: Use a Proven Promotion Plan
Most agents are still marketing their listings like they did 20 years ago … put a sign in the yard, put the listing in the MLS, and pray that it sells. Yet, we know that 93% of buyers search for real estate listings online.3
That’s why we invest in the latest training and technology—to ensure your listing appears in the places where buyers are most likely to look. Our dual-level promotion strategy includes both pre-launch activities designed to seed the marketplace and post-listing activities to ensure your home stays top-of-mind with potential buyers.
By utilizing online and social marketing platforms to connect with consumers and offline channels to connect with local real estate agents, your property gets maximum exposure to prospective buyers.
LET’S GET MOVING
Are you thinking about listing your home? Get a head start on your competition! Contact me for a copy of the Home Seller’s Guide, which offers a complete guide to the home selling process. Or call me to schedule a free no-commitment consultation. I would love to put together a custom plan to maximize the sales potential of your property!
Anita G. Wheeler Atlanta Fine Homes Cell: 404-219-1938 Office: 770-442-7300
- Real Estate Staging Association – https://www.realestatestagingassociation.com/content.aspx?page_id=22&club_id=304550&module_id=164548
- Home Staging Resources –
- National Association of Realtors –
- RIS Media –
In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared.
In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,”the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.
1. Get Pre-Approved for a Mortgage Before You Start Your Search
One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.
This step will also help you narrow your search based on your budget and won’t leave you disappointed if the home you tour, and love, ends up being outside your budget!
2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’
Do you really need that farmhouse sink in the kitchen to be happy with your home choice? Would a two-car garage be a convenience or a necessity? Could the ‘man cave’ of your dreams be a future renovation project instead of a make-or-break right now?
Before you start your search, list all the features of a home you would like and then qualify them as ‘must-haves’, ‘should-haves’, or ‘absolute-wish list’ items. This will help keep you focused on what’s most important.
3. Research and Choose a Neighborhood You Want to Live In
Every neighborhood has its own charm. Before you commit to a home based solely on the house itself, the article suggests test-driving the area. Make sure that the area meets your needs for “amenities, commute, school district, etc. and then spend a weekend exploring before you commit.”
4. Pick a House Style You Love and Stick to It
Evaluate your family’s needs and settle on a style of home that would best serve those needs. Just because you’ve narrowed your search to a zip code, doesn’t mean that you need to tour every listing in that zip code.
An example from the article says, “if you have several younger kids and don’t want your bedroom on a different level, steer clear of Cape Cod–style homes, which typically feature two or more bedrooms on the upper level and the master on the main.”
5. Document Your Home Visits
Once you start touring homes, the features of each individual home will start to blur together. The article suggests keeping your camera handy to document what you love and don’t love about each property you visit.
Making notes on the listing sheet as you tour the property will also help you remember what the photos mean, or what you were feeling while touring the home.
The Bottom Line
In a high-paced, competitive environment, any advantage you can give yourself will help you on your path to buying your dream home.
Call me if I can assist you in finding your PERFECT home!
c 404.219.1938 | f 678.235.3069 | o 770.442.7300
Multi Million Dollar Sales Club
SRS Sellers Representative Specialist Certified Negotiation Expert
Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors
Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is
reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the
country, which came in with a weak rating. As we can see in the following table, the number of people who moved last year
is half of what the rate was in the 1980s.
As we can see in the following table, the number of people who moved last year is half of what the rate was in the 1980s.
This does not come as a surprise, as tenure length (the number of years someone owns a home before moving again) among existing homeowners has increased. It has risen from an average of 6 years from 1985 to 2008, up to 9.5 years over the last few years. This is shown in the graph below:
As we can see, there is a pent-up seller demand!
What led to this change in behavior? Falling prices during the housing crisis led to many homeowners having negative equity in their home, meaning they owed more on their mortgage than the home was worth. Others were able to secure a low interest rate on their mortgage and have not been quick to obtain a new mortgage with a higher rate.
Will this trend continue?
Recently NAR reported that “69% of people believe now is a good time to sell a home.”
With a strong economy, low interest rates, and wages continuing to rise, some homeowners will be ready to put their house on the market and move up to the home of their dreams!
The Bottom Line
There is a great opportunity for sellers to take advantage of the current real estate market before new inventory comes to market. If you are considering selling your house or would like to know your options, let’s get together today to help you understand the possibilities available to you! Call me!
Anita G. Wheeler Atlanta Fine Homes, Sotheby’s Realty Cell: 404-219-1938 Office: 770-442-7300
The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices!
The best way to show what’s really going on in today’s real estate market is to go straight to the data! We put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates.
“The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of the most important drivers of home sales. Rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.” – Sam Khater, Chief Economist at Freddie Mac
“A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound.” – Lawrence Yun, Chief Economist at NAR
“Price growth has been too strong for several years, fueled in part by abnormally low interest rates. A mild deceleration in home sales and Home Price Index growth is actually healthy, because it will calm excessive price growth — which has pushed many markets, particularly in the West, into overvalued territory.” – Ralph DeFranco, Global Chief Economist at Arch Capital Services Inc.
Here is the Bottom Line….
These three graphs indicate good news for the SPRING HOUSING MARKET!
1) Interest rates are low
2) Income is rising
3) Home prices have experienced mild deceleration over the last 9 months.
If you are considering buying a home or selling your house, let’s get together to chat about our market! Call me and I would love to share more information about Buying or Selling your home! (404-219-1938)
Yes it is true….
A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes.
What’s a Starter Home?
According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home (sometimes even a small, three bedroom). “Prices vary widely by market but starters on average cost $150,000 to $250,000 while trade-up and premium homes cost upwards of $300,000.”
Finding Their Forever Homes Now
A recent CNBC https://www.cnbc.com/2018/05/11/millennials-are-skipping-starter-houses.html article revealed that there are many factors that delayed older millennials (ages 25-35) from buying a home earlier in their lives. The aftereffects of the Great Recession teaming up with larger education costs forced many to either remain living in their parent’s homes or to rent.
With the economy continuing to improve, many millennials have been able to break into better-paying jobs which has helped spur down payment savings. As the dream of homeownership comes closer to reality, many millennials are saving for their forever homes. (And of course low interest rates are continuing to encourage Buyers to purchase NOW!)
According to the latest statistics from NAR, 30% of millennials bought homes for $300,000 or more this year (up from 14% in 2013). Diane Swonk, Chief Economist at Grant Thornton weighed in saying, “They rented for longer. Now they’re going to where they want to stay.”
More and more millennials are settling down, getting married, and starting families, which is a huge factor driving them to look for larger homes.
Increased competition in the starter home market has also been a driving force in waiting to afford their dream homes. Inventory in the starter home market is down 14.2% from last year, according to https://www.trulia.com/blog/trends/inventory-q118/ research from Trulia. This has driven prices up and has led to bidding wars.
Many first-time buyers who were originally looking for starter homes are realizing that for just a little bit more of an investment, they could afford trade-up or premium homes instead.
If you plan on purchasing your first home this year, let’s get together to determine how much house you can afford. You may be pleasantly surprised.
CALL TODAY…and let’s start looking for YOUR dream home!
Check out the suburbs!
Alpharetta doesn’t just have the facts and figures to make the list of top ten Atlanta suburbs. Potential Alpharetta home buyers will have their choice of new construction single family homes and condos.
Convenient shopping at North Point Mall, swimming and walking trails at Wills Park, and dozens of local restaurants, like Bite and Colette French Pastry & Café, are just a few of the amenities Alpharetta residents enjoy.
With a handful of elementary, secondary and high schools with a 10 out of 10 GreatSchools.org rating, Alpharetta is another one of many great Atlanta suburbs for schools.
Median household income: $79,385
Unemployment rate: 6.2 percent
Potential Roswell home buyers have a variety housing options to choose from, including new construction condos and single family homes, mid century, historic homes and cottage homes.
Tap into your inner foodie at upscale local restaurants like Table & Main and Osteria Mattone. Outdoor enthusiasts will love exploring Roswell’s numerous parks and trails, from the historic Old Mill Park, to the hiker’s paradise of Chattahoochee River National Recreation Area.
Historic Downtown Roswell is a pedestrian friendly dining and shopping center, and local events like the farmers’ market and free live music at Roswell Riverside Sounds are a great way to get to know your neighbors.
Total amenities: 6,230
Median household income: $79,385
Tucker home buyers have their pick of historic and new construction single-family homes, and modern condos.
It’s hard to be bored as a Tucker resident, with thousands of amenities in your backyard. Local pub and music venue MoonShadow Tavern is the perfect spot for a night out, and foodies will love trying the numerous local restaurants, from Papi’s Cuban & Caribbean Grill to French restaurant, Technique.
Tucker also has a local Farmers Market and First Thursday Food Truck Market. Henderson Park’s wooded trails, man made lake, and playground are the perfect place for families to spend a sunny Sunday afternoon together.
Total amenities: 4,165
Decatur has a bustling downtown with plenty of shops and restaurants. Events like the Decatur Arts Festival and Concerts on the Square bring the community together. If you have kids or want to raise a family in the future, Decatur has a variety of great schools.
Like with Dunwoody and Sandy Springs, Decatur’s residents spend an average of 24 minutes getting to work, the shortest of any other Atlanta suburbs we looked at. That means you’ll spend less time on the road (or on MARTA) and more time doing things that matter to you.
Median home price: $340,300
High school graduation rate: 94 percent
Average commute time: 24 minutes
Duluth offers plenty of amenities, including boutique shopping, local dining, and arts and entertainment, and a wide selection of modern condos and single-family houses.
Historic downtown Duluth is always full of activity and events. Fridays-N-Duluth brings the community together with food and entertainment, and the Summer Stage Concert series brings live music to the Duluth Town Green. Art enthusiasts will love Barefoot in the City, the Duluth art festival that lasts eight days.
Several Duluth public schools received a Great Schools rating of 10, 9, or 8, making Duluth one of the best Atlanta suburbs for schools.
Total amenities: 3,865
Unemployment rate: 7.5 percent
Luxury condos and single family homes on large lots are common choices for Dunwoody home buyers.
Local restaurants like the E. 48th Street Market deli and chic wine bar Seasons 52 are sure to please foodies. Outdoor enthusiasts will enjoy exploring the scenic Dunwoody Nature Center, which hosts live music events in the summer.
Dunwoody residents can also sleep in a few extra minutes each morning, since the average commute time among residents is 24 minutes.
Average commute time: 24 minutes
Median home price: $367,800
The quiet residential community of Tyrone earns a spot on our list of Atlanta suburbs with a low crime rate, high household income, and great local amenities. Potential Tyrone home buyers will find plenty of four to five bedroom single family homes on large lots.
Local restaurant, Downtown Grill, is the perfect spot for a special occasion or night out. Cool off during the Georgia summers at the Tyrone Public Library, or keep your kids busy with a summer reading program.
Median household income: $88,406
Total crimes per 100k: 1,486
8. SANDY SPRINGS
Sandy Springs offers home buyers a ton of options, such as charming cottage style homes, traditional brick houses, and condos in gated communities with plenty of amenities.
Yearly events like The Sandy Springs Festival and The Annual Chattahoochee River Summer Splash ensure that you’ll never run out of things to do. Nature lovers will enjoy taking hikes in one of the area’s parks, like the Big Trees Forest Preserve.
Sandy Springs also is home to three hospitals, so you can breathe a little easier knowing healthcare is just a short trip away.
Median home price: $426,800
Average commute time: 24 minutes
Kennesaw earns the ninth spot on our list for a low crime rate and a good standard of living. Home buyers will get more bang for their buck here, since the median home price is lower than many of the other Atlanta suburbs we looked at.
History buffs and nature lovers alike will be drawn to nearby Kennesaw Mountain National Battlefield Park, which has about 17 miles of hiking trails.
Median home price: $168,800
Total crimes per 100k: 1,716
10. JOHN’S CREEK
Rounding out our top 10 is the affluent city of Johns Creek. This community had the highest high school graduation rate in the area (96 percent) and was the safest Atlanta suburb we looked at.
If you’re raising a family, Johns Creek has some of the best schools in the Atlanta area, including Northview High School and Chattahoochee High School.
Golfers will be pleased to know that there are six golf courses in Johns Creek, including the Atlanta Athletic Club, which hosted the 2011 PGA Championship.
Median home price: $336,000
Total crimes per 100k: 780
Median income: $109,553
(This article is from information gathered from Movoto) This would probably NOT be my list of Best Suburbs in Atlanta, but I will let you know next week what my top ten would be!!
IF YOU ARE NEEDING ASSISTANCE IN FINDING YOUR HOME IN THE SUBURBS…CALL TODAY for a TOP ATLANTA REAL ESTATE AGENT
Atlanta is home to a wonderful selection of restaurants that are sure to tickle the taste buds and satisfy the cravings of any foodie. You’ll discover an enticing mix of fine dining restaurants, trendy hot spots, and affordable eateries guaranteed to provide a truly unforgettable dining experience.
Here’s a list of some of Atlanta’s must-visit restaurants:
Madre + Mason
560 Dutch Valley Rd NE, Atlanta, GA
Madre + Mason’s menu features traditional Latin cuisine with a Southern twist. The restaurant’s concoctions are sure to dazzle any diner, with combinations that include duck and waffles, tacos with roasted brisket and sweet potato shiitake, and many more.
675 Ponce de Leon Ave, Atlanta, GA
If it’s pizza you’re craving for, you should definitely head to Brezza Cucina. Their pizzas are made with the finest and freshest ingredients, and are available in classic Italian varieties reinvented with different cheese, vegetable, and seafood combinations. Their flavorful creations are topped with out-of-the-box ingredients such as buttermilk cheddar, spicy shrimp, scallions, short rib, balsamic, onion jam, and more.
968 Memorial Dr SE, Atlanta, GA
A local Reynoldstown favorite for years, Home Grown serves delicious diner-style comfort food perfect for breakfast, lunch, or dinner. Their Comfy Chicken Biscuit has been voted one of the best dishes to enjoy in the entire state of Georgia, and for very good reason – the mouthwatering dish features crispy, juicy fried chicken sluiced with creamy sausage gravy and placed on top of a buttery biscuit.
130 Clairemont Ave, Decatur, GA
This is Asian fusion at its finest. Located in downtown Decatur, Makan is a Chinese and Korean-inspired restaurant offering a fine chef-driven menu in a comfortable, well-designed setting.
Their menu items are made from traditional Chinese and Korean recipes with a modern twist. Their ramen is absolutely to die for, and is best enjoyed with their pork buns infused with a Southern charm.
1660 Dekalb Ave NE, Atlanta, GA
Located in Candler Park, this wonderful deli offers gourmet cuisine, prepared meals, and build-your-own sandwiches, along with an impressive wine selection. The deli also features a delicious selection of homemade salads, daily soup specials, roasted chicken, and family-style casseroles.
Fat Matt’s Rib Shack
1811 Piedmont Ave NE, Atlanta, GA
Open since 1990, the award-winning Fat Matt’s Rib Shack offers delicious, mouthwatering BBQ and live blues performances in a comfortable, family-friendly setting. Their expertly prepared, slow cooked fall-off-the-bone ribs is perfectly complemented by their homemade BBQ sauce, and is best enjoyed with their must-have side dishes like their mac and cheese and rum baked beans.
541 Edgewood Ave, Atlanta, GA
Staplehouse is a subsidiary of The Giving Kitchen, a non-profit organization assisting Atlanta’s restaurant community. Located in Atlanta’s Old 4th Ward, the restaurant features a regularly updated menu consisting of dishes made with quality local and regional ingredients. The place is very popular for their selection of delicious meat dishes, fresh produce, and irresistible desserts.
Staplehouse offers several dining options: a la carte service, a reservations-only five-course tasting, and bar seating for walk-in customers.
Looking for events and destinations to check out in the Milton/Alpharetta area this summer? Here are some fun events and places to go to so you can make the most out of your summer:
Kidz Bop 2016 Life of the Party Tour
Friday, August 19, 2016
Show starts at 7:30pm
Verizon Wireless Amphitheatre, Encore Park, Alpharetta, GA
Take your kids to the Kidz Bop 2016 Life of the Party Tour, a fun, family-friendly concert headlined by Ashlynn Chong, Sela Hack, Grant Knoche, and Matt Martinez.
Kidz Bop is the top music brand for kids, with over 16 million albums sold since its debut in 2001. They are known for featuring hits that are “sung by kids for kids.”
The Kidz Bop Life of the Party Tour started this spring, and is scheduled to hit more than 50 cities throughout the country before the end of the year.
To view the complete tour schedule and get ticket information, visit kidzbop.com/tour [Link].
Family Skate Night
Sunday, August 21, 2016
6pm to 8pm
Ed Isakson/Alpharetta Family YMCA
3655 Preston Ridge Road
Bring the entire family to the Ed Isakson/Alpharetta Family YMCA for Family Skate Night! Strap on a pair of skates and enjoy two hours of non-stop skating as the entire gymnasium will be turned into a roller skating rink for the event.
Members can join the fun for $8, and non-members can get in for $13. For more information, visit the venue’s website here [Link: http://www.ymcaatlanta.org/ymca-locations/alpharetta/index.php].
Vegetable Gardening Workshop
Wednesday, August 24, 2016
7pm to 8:30pm
Alpharetta Department of Public Works
1790 Hembree Road, Alpharetta, GA
Hosted by the City of Alpharetta and the Alpharetta Natural Resources Commission, the Vegetable Gardening Workshop teaches sustainable gardening techniques, seeding and transplanting, preparing your garden for winter, and more.
This free workshop is perfect for anyone who has or would like to have their own vegetable garden, as autumn is nearly here, bringing ideal growing conditions for cool-season crops such as kale, lettuce, and spinach.
You can register by calling 678-297-6200.
Alpharetta Art in the Park
Saturdays, August 27 and September 24, 2016
9am to 4pm
Main Street and Milton Avenue, Alpharetta, GA
Drop by downtown Alpharetta and see some of our talented local artists as they showcase their masterpieces at this outdoor artists market.
Take a look at a large selection of artwork made using different media – watercolor, oil, photography, woodwork, metal work, mosaics, pottery, and so much more.
For more information, visit the Alpharetta Art in the Park Facebook page
R.A.D. Women’s Self-Defense Course
August 14, 21, and 28, 2016
1:30pm to 5:30pm
Milton City Hall
The R.A.D. (Rape Aggression Defense)
Self-Defense Course is a special course designed to train women in order to help them recognize, avoid, and resist violent situations. The course teaches self-defense techniques that are effective against different levels of aggression.
There will also be an optional hands-on simulation for those who would like to practice some of the techniques shown during the course.
The course is open for participants aged 13 and up. Students under 15 must be accompanied by a parent. To register, call 678-242-2505 or email email@example.com.
Outdoor activities in Milton’s parks
Summer is definitely the perfect time to enjoy fun, outdoor recreational activities. It’s a good thing Milton is home to many superb parks excellent for almost any type of outdoor activity. Whether you’re into sports, rock climbing, horseback riding, biking, jogging, or simply relaxing under a canopy of trees, the scenic parks of Milton are sure to offer an unforgettable outdoor experience.
Some of the parks you can visit include:
• Bell Memorial Park
• Birmingham Park
• Freedom Park
• Friendship Community Park
• Providence Park
There was an increase in new home closings in the Atlanta housing market in April 2016. The increase in percentage was higher compared to March 2016, which may indicate that the market is gaining strength. Closings rose 8.7% year-over-year to 1,341 – compared to the same month in 2015, new home closings had an increase of 6.9%.
Atlanta market reached new all-time price peak in the second quarter of 2016
According to the Q2 2016 US Home Sales Report from RealtyTrac [Link: http://www.realtytrac.com/news/home-prices-and-sales/june-and-q2-2016-home-sales-report/], home prices in the Metro Atlanta area hit a new all-time price peak. The report is based on official sales deeds gathered from more than 900 counties throughout the US.
The analysis shows that the median price for homes in Metro Atlanta was $192,000, which increased by 2% compared to the previous year, setting a new benchmark. Atlanta was one of 39 statistical areas which reached new all-time home price records in June, including Dallas ($240,156), Minneapolis ($235,950), Seattle ($385,000), and St. Louis ($190, 209).
Experts say that the reason for the recent price surge may be attributed to historically low interest rates in the Metro area. Home price appreciation is likely to drop once the low rates begin to increase once again.
Despite the record-setting increase, Atlanta is still one of the few major cities that have sub-$200,000 median home prices.
Increased interest rates
Interest rates remain substantially low, compared to several years ago. Due to the slight increase, those with limited income or tight budgets may be affected. However, it is important to note that increasing rates typically represent improvement in the economy, resulting in more jobs, raises, and promotions for employees.
Another positive impact of increased interest rates is its potential impact on buyers’ mindsets – it’s more likely that buyers will be more motivated to follow through on their home purchases.
According to experts, the increasing rates will likely continue until 2017, due to the fact that markets usually experience rate volatility during election years.
Changes to the country’s housing industry include the implementation of new TRID (TILA-RESPA Integrated Disclosure) regulations, which were effective starting October of 2015. Although the market experienced slight delays in turnaround time for closings earlier in the year due to the new regulations, this is expected to stabilize once the industry begins to acclimate to the new guidelines.
New federal laws and policies also contribute to a more cautious lending environment, with lenders taking additional steps in order to ensure buyers are able to afford a loan and that properties are able to retain their appraised values.
Increased popularity of intown neighborhoods
Atlanta’s diverse and active job market, trendy nightlife venues, and affordable homes are some of the biggest reasons for its increased popularity for young professionals.
This is further enhanced by the arrival of both larger companies as well as small to medium-sized high-tech firms, which are sure to attract younger residents. Along with increased job availability, many exciting projects are currently underway, further increasing the popularity of many intown neighborhoods such as Adair Park, Capitol View Manor, Capitol View, Edgewood, Kirkwood, Lakewood, Peoplestown, and West End, just to name a few.
Another unique element increasing the popularity of Atlanta’s intown neighborhoods is the Atlanta Beltline. In other areas, bodies of water such as rivers and lakes serve as boundaries dividing certain areas. The Beltline, on the other hand, connects previously isolated neighborhoods, resulting to a more interconnected city.
This year, a significant number of new developers and investors are buying land within the Beltline as well as in nearby areas, directly affecting home and land values and further increasing the popularity of neighborhoods within its vicinity.
Words we really don’t want to hear today is “Housing Bubble” and it seems to be the case that we are not going to, at least for now. With home prices expected to appreciate by over 5% this year, some are beginning to worry about a new housing bubble forming.
Warren Buffet addressed this issue last week in an article by Fortune Magazine.
He simply explained:
“I don’t see a nationwide bubble in real estate right now at all.”
Later, when questioned whether real estate and/or mortgaging could present the same challenges for the economy as they did in 2008, Buffet said:
“I don’t think we will have a repeat of that.” (Notice the I don’t think)
What factors are driving home prices up is the question?
It is easily explained by the theory of supply and demand. There is a lack of housing inventory for sale while demand for that inventory is very strong. According to a recent survey of agents by the National Association of Realtors(NAR), buyer traffic was seen as either “strong” or “very strong” in 44 of the 50 states (the exceptions being: Alaska, Wyoming, North Dakota, West Virginia, Connecticut and Delaware).
Also, in NAR’s latest Pending Home Sales Report, it was revealed that the index was the highest it has been in a year.
What does the future bring?
As prices rise, more families will have increased equity in their homes which will enable them to put their home on the market. As more listings come to market, price increases should slow to more normal levels.
Anand Nallathambi, President & CEO of CoreLogic, recently addressed the issue:
“Home price gains have clearly been a driving force in building positive equity for homeowners. Longer term, we anticipate a better balance of supply and demand in many markets which will help sustain healthy & affordable home values into the future.”
The KEY for YOU as a Homeowner or Prospective Homeowner is to keep up on changing trends and that is why I am here for YOU!! I will keep you updated on what is happening in the Atlanta and North Georgia markets so you will be informed and up to date!
Stay tuned and visit my site @ AnitaWheelerRealtor.com or if you have a question about Selling, Listing or just want to talk about the market you can reach me at:
Anita Wheeler 404.219.1938
Ownership: That’s what people really want!
Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding home ownership.Consumer Lending Executive, D. Steve Boland, explained:
“Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of homebuyers, especially those purchasing their first home, are also looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones.”
Boland went on to say:
“The path to homeownership is a journey and can be as overwhelming as it is exciting. For many people, this is the single most significant financial transaction they will ever make.”
This was evidenced in the report when they asked today’s homebuyers to define homeownership. Their answers tell the whole story.
Home ownership has always been a part of the American Dream and survey after survey confirms this will always be the case
If you are thinking of purchasing a home and just want to talk about your dreams for the future, LET’S TALK! CALL ME 404.219.1938
Are you a homeowner?
Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes dates from 2010-2013 reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400)
In a Forbes article the National Association of Realtors (NAR) Chief Economist Lawrence Yun predicts that in 2016 the net worth gap will widen even further to 45 times greater. Simply put, home ownership is a form of ‘forced savings’. Every time you pay your mortgage you are contributing to your net worth. Every time you pay rent, you are contributing to your Landlord’s net worth.
Putting Your Homeowner Costs to Work for You
Simply put, home ownership is saving you money! The latest National Housing Pulse Survey from NAR reveals that 85% of consumers believe that purchasing a home is a good financial decision.
Yun comments: “Though there will always be discussion about whether to buy or rent, or whether the stock market offers a bigger return than real estate, the reality is that homeowners steadily build wealth. This simplest math shouldn’t be overlooked.”
If you are interested in finding out if you could put your housing cost to work for you by purchasing a home, call me and let’s get together and discuss. Call today at Toll Free # 1-800-306-8766.
Anita say “Atlanta is Steady and here is the latest report from The Atlanta Board of Realtors new release.”
The Atlanta Board of REALTORS® Releases April 2015 Statistics on Housing Market
The ABR Market Brief examines sales, prices in 11-county metro area
Atlanta, GA (May 12, 2015) – The Atlanta Board of REALTORS® (ABR), the largest association of its kind in Georgia, released its April 2015 Market Brief on residential housing statistics for 11 area counties in metro-Atlanta. Market Brief, now compiled by First Multiple Listing Service (FMLS), provides the only regionally focused synopsis of monthly sales and home prices for single family residential properties.
Supply: Atlanta area housing inventory totaled 14,836 units in April, an increase of 3.8% from April 2014. New listings totaled 5,407, up 6.4% from April 2014 and up 10.2% from the previous month. The supply for sales over a 12 month period was steady at 3.8.
Demand: April residential sales were at 4,339, an increase of 8.6% from the previous year.
Price: Average and median sales prices continue to gain traction and outpace 2014’s figures, with positive gains. The median sales price in April was $229,000, an increase of 12.3% from last April.The average sales price was $290,000, up 11.5% from the previous year.
A Word from ABR President Ennis Antoine: “We have seen several consecutive months with positive year-over-year gains in median & average sales prices in metro Atlanta. 8 of the last 11 months have positive year-over-year gains in single family home sales as well. This strongly indicates that the selling season will continue to be very active. Labor and economic statistics continue to look positive, which will also largely impact the number of first-time home buyers and the ability of millennials to obtain the necessary financing to purchase a home.”
Positive gains are always good! If you are ready to buy or sell YOUR home…it couldn’t be a better time. Call me TODAY to set an appointment to go over a unique and specialized marketing plan for your home.