Super-sized dream homes are not exactly what potential buyers are dreaming about this spring. But they are looking for bigger backyards, updated kitchens, and ranch-style homes, according to realtor.com’s latest home buyer survey.
Features that buyers are looking for this spring (according to realtor.com)
Ranch-style homes led shoppers’ rankings of desired home styles with 42% of shoppers looking for a ranch home.
All age groups are looking for some combination of a backyard, garage and updated kitchen. Younger home buyers are particularly excited about finding a large yard and, and living in a good school district.
Privacy ranks as shoppers’ top goal for buying, largely driven by buyers over age 45.
80% of shoppers ranked the kitchen as one of their three favorite rooms in a home, followed by master bedroom (49%) and living room (42%) among most age groups.
Shoppers over age 45 are looking to downsize, and cited planning for retirement as their primary motive for finding a new house.
Among younger buyers, many of whom are buying starter homes, 40% were looking for townhouses and row houses.
As shoppers age, however, that number declines and single-family homes are a clear preference. The older an age group is, the more likely they are to prefer a single-family home.
The proof of the pudding is in the eating–or buying.
This trend towards a not-too-big, single-family ranch-style home with an updated kitchen and a big backyard played out in a multiple offer, full price sale after being on the market for only one week!
4885 Susanna Woods Ct., Jacksonville, FL 32257 packs a lot of living into 1,900 square feet. Not too big, not too small–just right. This ranch-style with a huge yard, updated kitchen, is located in the Mandarin area of Jacksonville, Florida. Making it convenient to everything, while being nestled away from it all on a cul-de-sac lot. There’s sun, poolside, where you want it, and shade, from mature trees, where you need it—which, by the way, can help lower your electric bill.
1. Where on earth can I find a house with four sizable bedrooms and three full bathrooms for $267,000?
Right here in Bartram Springs, Jacksonville, Florida. 6090 Shadehill Road, Jacksonville, Florida, 32258. You’ll find this just might be your dream home, 2,231 square feet with 4 sizable bedrooms, 3 full bathrooms, and tons of unique and hidden storage places. Like a Harry Potter closet under the stairs (with a light!); and built-in overhead storage in the two-car garage; there’s even a cozy window seat in the owners retreat with more hidden storage space! I could go on and on about this home’s storage, its multiple walk-in closets, linen closet, and large coat closet, but…you get the picture.
2. What is the most important thing to consider when buying a home?
Location – Location – Location. Period. So, let’s start here: this 4 bed/3 full bath immaculate Bartram Springs home is situated on an estate-sized 70-foot lot, nestled between conservation preserves. Most comparably-sized homes in the area are positioned on smaller, 40, 50, or 60 foot lots. So, this fact makes this home potentially a better investment option for you. Why? Because most of the homes on 70-foot lots like Shadehill Road are larger and have a higher market value of well over $300,000. So? It’s better to be the prince or princess on a street of kings and queens! Plus, it is a rare find when a home faces a conservation preserve, and backs up to one.
3. How can I get the biggest bang for my buck?
Fact: You will pay more per-square-foot for a newly constructed home. It’s important to crunch the numbers. But do that later, because I’ve already done it for you here. This home is already updated, so you’ll save thousands of dollars going forward. Inside and out, this home has been professionally painted. Saving you upwards of $10,000! Additionally, the exterior siding/stucco has been replaced; effectively turning the clock back on its exterior age to day one–which means BRAND NEW!
New sod and concrete curb edging to keep landscaping and mulched beds looking great
Stacked stone accents, rain gutter system, and window shutters
An elegant eight-foot tall front door
The carpeting is brand new–never lived on. Again, saving you a few thousand clams. And, the first floor has hardwoods and 18-inch tiles set on the diagonal. Another expensive upgrade. And, there are wood blinds, ceiling fans, new designer light fixtures, stainless steel appliances, new stainless steel kitchen faucet, and a brand new dishwasher! These all add to the list of upgrades you won’t have to spend your cash on after you move in.
And let’s face it, this home is super charming, isn’t it? Besides location, curb appeal is a very important factor to consider. First impressions really do matter. And aside from this home’s amazing curb appeal, you will be investing in one of the best locations in the community. It’s uncommonly delicious to be able to sit on your front porch or your back patio and enjoy wooded, conservation preserve views.
4. Why is this house so special?
Well, if you’ve been house-hunting, you know what I mean here — you just know when you know.
You pull into the driveway, get out of your car, and your heart flutters a little. That’s it. That’s the moment of … Have I actually found it, my new home?
Just imagine for a second, you…entertaining…at your house-warming party, perhaps? Moving through your kitchen to your dining room where guests are commenting on your beautiful new home. People are wandering through rooms, gazing through windows at the trees outside. Wondering how much you paid for all of this. Someone flips on the fireplace from the nearby rocker switch, and you hear an OMG! coming from your family room. And you smile while the gas fireplace warms the room…
Then, as more friends gather around your kitchen island, and remark about this incredible home you were so lucky to find, you tell them about your super easy-to-clean solid surface Corian counters with the all-in-one sink, and how it’s actually a more hygienic counter top option, because it doesn’t harbor bacteria. “There are no nasty crevices and caulked edges where creepy crud likes to live,” you tell your house guests…
Then, after everyone leaves, you curl up by the fire, and watch a movie–with surround sound, of course. After awhile, you make it upstairs to your owner’s suite, passing beneath the tray ceilings and recessed lighting, on the way to your master bath with its double vanities. You smile at yourself in the bathroom mirror before climbing into bed. You fall asleep quickly and dream about resort amenities: multiple swimming pools, brand new fitness center, Food Truck Fridays, and a dog park with a lake–wait, there’s a new puppy in this dream? You have that feeling that you are falling (in love). When suddenly, you wake up and realize…
What’s black and white and the perfect shade of blue?
This adorable and freshly painted home! It’s located in quaint St. Nicholas in Jacksonville, Florida. Only a mile from San Marco’s restaurants and shopping, and a six-minute drive to downtown Jacksonville. Built in 1938, this house has 3 bedrooms and 2 bathrooms, indoor laundry, original hardwood floors, and brand new stainless steel appliances.
A minor make-over
An example of a few easy updates that add to a home’s curb appeal: New shutters; updated color on the front door; and of course, shiny new house numbers.
Front door color from Home Depot: “Big Surf”, M-460-3U, Card CB-4
BEFORE: House was plain with no shutters, a tired red door, and worn gold house numbers.
AFTER: Black shutters, super fresh coastal-blue front door, and brushed nickel house numbers.
If you’re looking for a home in the St. Nicholas area (Jacksonville, FL) and would like information about this Coming Soon listing, contact me!
Thinking of buying a home in Jacksonville, Florida (Duval county)? And trying to decide on a neighborhood, or a particular school first? Check out the annual Duval County Public School Choice Expo.
What: Duval County Public Schools’ annual 2017 School Choice Expo
When: Saturday, January 21, 2017 | 11 a.m. to 3 p.m
Where: Prime Osborn Convention Center, 1000 Water Street, Jacksonville, FL 32204
Cost: Admission and parking are free!
The Duval County Public Schools’ annual 2017 School Choice Expo will feature an array of educational options for the 2017-2018 school year. Attendees will have a chance to learn about programs for elementary, middle and high schools. Magnet programs, career academies, charter schools, high school acceleration programs and neighborhood schools will be showcased. Teachers, principals and students from every school will be on hand to talk with parents and students about their academic offerings.
Shopping for a home (and a mortgage) is sometimes stressful enough. You don’t want to jump through too many hoops, feel out of control, or be left with buyer’s remorse because you felt rushed. To ensure a positive experience versus unmet promises, you’ll want to:
Investigate mortgage options before your home search–you’ll be glad you did.
Plan ahead and do your research–so you’re not rushed to shop for a good option.
Gather more than one quote–to compare and decide between multiple quotes from lenders.
Select on a lender’s merits–don’t just base your decision on price or affiliation.
Many growing families are in a housing sweet spot right now. And this may continue into the first part of 2017.
Mortgage rates are expected to edge up soon, but are still low by historical standards. If you have equity in your current home, this is the perfect time to trade up into a larger one and use the money from your home sale for your next down-payment.
Housing supplies in the $500,000 to $750,000 range have increased nearly 8 percent. So there are more choices in these higher price ranges.
To move on this, get your financing in order quickly. The record-low mortgage rates in 2016 aren’t expected to last much longer. I’ve read that average rates may be rising by a half a percent in 2017. Though rates remain low, any increase makes a mortgage less affordable.
For example, if rates jump from 3.7 percent to 4.2 percent on a 30-year fixed-rate mortgage, it would mean an $864 rise in annual payments on a $250,000 mortgage!
Source: “The One Big Real Estate Trend You Need to Understand in 2017,” Fortune (Nov. 27, 2016)