Naples Area Real Estate News & Market Trends BLOG

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. I’d love to talk with you!

Dec. 16, 2019

The Benefits of Growing Equity in Your Home

The Benefits of Growing Equity in Your Home

Over the past few decades, the way we view home ownership has changed. Unlike previous genera;ons who bought a home with a 30 year mortgage and celebrated the day they made their last payment, today’s home buyers rarely stay in their home that long. As a result, the way we view mortgages has changed as well and oAen buyers are not building the equity in their homes the way we used to. But there are benefits to building equity and paying down the loan, here are just a few. 

Flexibility – Having equity in your home gives you the flexibility to move if you need to or want to. For home owners who plan to either to buy a large home or perhaps downsize, having equity allows you to not only put money down on a new loan, but pay for moving and closing costs. 

Safety Net – Life is full of unexpected expenses – job loss or reloca;on, unexpected illness or accident, natural disasters – the equity in your home can help you navigate these unexpected costs with a line of credit or the proceeds from a sale. 

Asset Recovery – Many homeowners over the last couple decades have found themselves underwater in their homes; nega;ve equity. By either making addi;onal principal payments on the loan or reaping the effect of higher home values, building equity can help create wealth and turn a nega;ve asset into a postive.

Homeowners might not plan to stay in their homes as long as their parents and grandparents, but there are s;ll great reasons to focus on building equity in their homes. A home is an asset, and treated properly is a wealth building tool unlike any other op;ons. 

Oct. 7, 2019

What Does “Move-in Ready” Really Mean?

What Does “Move-in Ready” Really Mean?

If you’ve been searching for a new home no doubt you’ve seen the term, “move- in ready.” This description sounds very appealing, but understanding what it actually meanis important so you have the right expectations when arranging your home listing tour.

First it’s important to remember that the descriptions in real estate listings arewritten by the listing agent or broker. There is no set industry standard for what agents can say in their listings. While there are guidelines and rules which prevent blatant lying, most home buyers have become aware of the fluffy language used to market a home for sale.

The meaning of “move-in ready” is fairly straightforward; it means that the home is in a condition which is acceptable for immediate occupancy. The home meets the standards of living and assures the buyer that the essential elements needed to occupy the home are present and in running condition. For example, the home should have working plumbing, appliances, sound roof, electricity, gas and locking doors and windows.

What “move-in ready” does not necessarily mean is that the home is in pristine condition. A home that is “move-in ready” might still need significant updating and while systems are assumed to be operational, they might still be old or outdated.

“Move-in ready” is a common phrase in real estate listings. Understanding thatthe home might still need quite a bit of work to suit your taste and lifestyle, you can approach the listing with realistic expectations and determine if the property is the right fit for your needs.

Posted in Home Buying, Remodeling
Aug. 1, 2019

Home Improvements with High ROI

Is your house a little dated? Do you want to make some improvements or upgrades but also want to make sure that you get the best bang for your buck if you decide to sell? Not all home improvements bring a good return on investment when selling, so unless the improvement is simply for your own style and enjoyment, choosing projects with higher ROI just makes sense.

Home Improvements with High ROI

  •   Add square footage – The best return on investment is adding space. Converting an attic or basement into a family room, adding a room or bathroom or even installing a garden room or outside kitchen will bring solid returns when selling.

  •   Bathroom and Kitchens – Remodeling a bathroom or kitchen will always bring more than their cost when selling. Create simple and soothing environments where a future owner can imagine themselves using and avoid heavy period-style cabinetry and surfaces.

  •   Doors and Windows – Upgraded doors and windows can really add impact to a room. Not only do current options save energy, they come in a wide variety of styles and finishes to accentuate the space.

  •   Garage Doors – If you have an old or weathered garage door, this is a relatively inexpensive way to dress up your home.

  •   Paint – Fresh paint is inexpensive and makes the home appear new and modern. Choose calm tones which compliment any décor.

    Regardless of whether you’re considering a weekend project or a major remodel,understanding the return on your investment can help you make the best choice for your project. Home improvements can be costly and if you’re considering listing your home for salein the future, make sure you can recapture your cost.

Posted in Remodeling
July 31, 2017

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates