Showing posts with label North Carolina. Show all posts
Showing posts with label North Carolina. Show all posts

Friday, June 27, 2014

The Ranch Returns!

Widely popular in the 1950s, ranch-style homes are making a comeback among Baby Boomers, first-time buyers, and many in between. Buyers want help to understand the pros and cons to determine if this type of home is right for them.

  • Aging boomers can stay put if they already live in a ranch, or they may search for one as they downsize if they want to avoid stairs. Boomers who are still active also find it’s a good choice if they want to bring an older family member to live with them, says Jeff Tanenbaum, salesperson with Halstead Property in New York.
  • Mid-century aficionados view some ranches as an extension of that style, particularly when they have a brick facade. The best examples may also include solid hardwood floors, steel casement windows, interior brick work, and a fireplace. In fact, some savvy salespeople market ranches as mid-century homes to take advantage of the design trend’s popularity.
  • First-time buyers consider it an affordable option since many are less costly to buy than comparably sized two-story houses. Whether they’re less expensive to heat and cool depends on construction, square footage, and layout. But many with young children also like the idea of one-level living to avoid worrying about blocking stairways with child-safety gates. Furthermore, many in this generation may not have grown up in ranches, so they hold appeal as a new, novel style.
  • Contemporary-loving home owners who prefer an open-style loft plan consider the ranch a way to gain that look if they can open rooms without compromising structural support. “Because older ranches usually weren't that large, it’s often not a big deal to re frame a span with beam or joist to carry the [open] load,” says New York-based architect Joe Eisner. The ranch is also relatively easy to add onto, at multiple locations if the site is large enough, says Peter Feinmann, whose eponymous design and build firm is based in the Boston area.
  • Nature lovers also find ranch-style houses appealing because they can be adapted with large glazed doors to fashion good flow between outdoors and indoors, says Mark Stapp, executive director of the Masters of Real Estate development program at Arizona State University and former chairman of the board at Taliesin West, Frank Lloyd Wright’s Foundation.
  • Those who prefer the idea of a mature infrastructure that older neighborhoods provide, such as older styles of homes, mature trees, and maybe a nearby walk-able downtown with mass transit, may also find ranches a better fit than a brand-new neighborhood.
  • Older ranches generally were constructed with low 8-foot-high ceilings versus today’s more popular 9-foot-high and taller heights, says Eisner. It can be expensive to raise a roof.
  • It also can be expensive to add onto since building a foundation or slab may be pricier than constructing a second story, says architect Alexander Kolbe of EvoDomus in Cleveland.
  • They may be less energy-efficient than more compact styles, unless they don’t sprawl, says Feinmann.  
  • Some occupy small lots, though the tight property size can be a boon for those who don’t want to spend time and money on yard maintenance.
  • Some lack basements and attics, which are good for storm safety and extra storage and permit easy expansion.


Dating back to the 1920s but associated more with housing for burgeoning suburbs after World War II, the one-level, ranch-style home is now becoming the “it” property for a variety of reasons.

Its original appeal stemmed from being quick to build and affordable to buy as home owners gravitated to the suburbs to raise families. However, the ranch style fell from favor in more recent decades as two-story homes and mega-mansions started to turn heads. Many home buyers began to view the ranch as poor man’s housing. But now, many are actively looking for them. One reason for their resurgence is the nicer lots many ranch homes were built on in the ’50s and ’60s. Another reason ranches are becoming more popular is that the price point often offers more 'bang for the buck'. Home owners often re-model upon move in, most times to gain a master suite as some early designs didn't include an en-suite with the master bedroom.

Here are other reasons ranch appeal is up in many parts of the country:
While ranches offer many pluses, here are some points that potential buyers should be aware of:
As with any trend, the ultimate irony may be that the stock could eventually be tougher to find, not only because more buyers are seeing its advantages, but also because the wrecking ball continues to demolish some ranches that have survived.

If you are interested in finding your dream home, or selling your current home, Keller Williams Realty Cary has 176 real estate agents who specialize in residential, luxury and commercial properties. Give us a call today to speak to a real estate professional at 919-882-3200.

If you are looking for a career in Real Estate or are looking to grow your current real estate business, call Team Leader, Bill Middleton at 919-882-3229 to set up a free consultation or visit our website for more information today!




Monday, June 9, 2014

Remodel Your Home - Raise Your Home's Value



Home owners remodel their homes to increase the value, and more are showing a desire to stay and enjoy their remodels before they sell their home.

53% of U.S. home owners say they are remodeling to increase the resale value of their home, but they have no plans to move in the next five years, according to a new Houzz & Home survey of more than 135,000 respondents. 16% of re-modelers say they plan to sell their home in the next two years.

One in five — or 22 % — of the re-modelers surveyed say they feel home prices are rising too quickly to consider moving yet. 24% of respondents say they would prefer to move, but remodeling their home makes more economic sense.

The Millennial generation of home owners seem to be the most apt to move within the next five years, according to the survey. 36% say they are remodeling to increase their home’s value with the intent to move to their next home soon.

Overall, the most popular renovation projects are bathroom remodels or additions and kitchen remodels. Home owners continue to devote the highest share of dollars to kitchen remodels, spending an average of $26,172.

However, the average cost of a remodel can vary drastically by region. Home owners in the Northeast and West tend to spend the most on their renovation projects at an average of $32,155 and $29,411, respectively, on their kitchens (compared to $23,946 in the Midwest and $21,894 in the South), according to the survey.

The most popular replacement projects are flooring/paneling/ceiling, followed by windows/doors and roofing.

The top challenges that home owners say they face when renovating are finding the right products, defining their style, making decisions with spouse/partner, and educating themselves.

If you are interested in finding your dream home or are remodeling in hopes to sell your home for top dollar, call the Keller Williams Realty Cary office today at 919-882-3200. Keller Williams Realty Cary, opened in 2003 and has 170 real estate agents who specialize in residential, luxury and commercial real estate serving the Cary, Raleigh, Apex, Holly Springs area. 

If you are interested in a career in Real Estate, or are currently an agent who is looking to grow your business, visit our website today!






Friday, May 9, 2014

30-Year Mortgage Rate Reaches New Low for the Year



The Cary, North Carolina real estate market is entering their 'busy' season, as buyers are ready to purchase their dream home, and sellers are ready to show their properties! The 30-year fixed-rate mortgage averaged 4.21 percent this week, the lowest since November 2013, Freddie Mac reports in its weekly mortgage market survey.

"Mortgage rates continued moving down following the decline in 10-year Treasury yields after a dismal report on real GDP growth in the first quarter,” says Frank Nothaft, Freddie Mac’s chief economist.

Freddie Mac reports the following national averages for mortgage rates for the week ending May 8:

  • 30-year fixed-rate mortgages: averaged 4.21 percent, with an average 0.6 point, dropping from last week’s 4.29 percent average. Last year at this time, 30-year rates averaged 3.42 percent.
  • 15-year fixed-rate mortgages: averaged 3.32 percent, with an average 0.6 point, dropping from last week’s 3.38 percent average. A year ago, 15-year rates averaged 2.61 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 3.05 percent, with an average 0.5 point, holding the same as last week. Last year at this time, 5-year ARMs averaged 2.58 percent.
  • 1-year ARMs: averaged 2.43 percent, with an average 0.4, dropping from last week’s 2.45 percent. A year ago, 1-year ARMs averaged 2.53 percent.


If you are ready to find your dream home, start your home search by contacting Kevin Martini with DNJ Gateway Bank Mortgage to get a pre-approval letter. See how you can benefit from these low mortgage rates, and how much home you can afford!

Keller Williams Realty Cary, located at 201 Shannon Oaks Cir. #101, Cary, NC 27511 opened in 2003 and currently has 175 real estate agents who specialize in Residential, Commercial and Luxury properties. 

If you are interested in more information on the buying process, on becoming a real estate agent or on Keller Williams Realty, call Team Leader, Bill Middleton at 919-882-3229 or visit our website today!




Keller Williams Realty Cary Makes the Real Trends 500 List for 2014!



The REAL Trends 500 is an annual research report which identifies the country’s largest and most successful residential real estate firms as ranked by closed transaction sides and separately by closed sales volume. This report represents the most trusted standard of measuring the performance of the nation’s leading realty service firms.


Keller Williams RealtyCary has made the REAL Trends 500 List for 2014 in both Closed Transaction Sides and Closed Sales Volume. KW Cary opened its doors in 2003, and currently has 175 associates and is growing! Part of the growth initiative for Keller Williams Cary is to open a business center in Downtown Raleigh, NC.


If you are interested in joining this dynamic group of real estate professionals in either their Cary, NC or Downtown Raleigh, NC locations, please contact Team Leader, Bill Middleton by phone at: 919-882-3229 or visit our website today!