Kitchen Updates Worth the Splurge

The Real Estate Book, May 5th, 2016

By Barbara Pronin

A kitchen remodel can be expensive, and homeowners are justifiably careful about staying within budget. However, there are certain areas in every kitchen where a splurge may be worth the price in terms of efficiency, looks, and durability.

HGTV suggests six areas where a few lavish touches are worth the extra expense:

1. Commercial-Grade Range Hood

Investing in a commercial-style range hood means never having to deal with cooking odors—and keeping a busy kitchen cooler.

2. High-Quality Hardware

Look for quality cabinet knobs, hinges and pulls in brushed nickel, bronze or stainless steel. They add class to any kitchen and will last longer than those made of plastic or wood. For the ultimate in opulence, spring for hand-blown glass.

3. Soft-Close Doors and Drawers

You can’t slam these quiet drawers or doors, which makes for a more serene kitchen. They are also great for young families because they close slowly, so little hands and fingers won’t get caught or pinched in them.

4. Solid Surface Countertop

Laminate is cheap, but it doesn’t stand up and looks tired long before its time. Splurge on granite or sealed concrete, which will look beautiful and last for many years. (Bonus: It’s a great selling feature!)

5. Stainless Steel Appliance

These are worth the added expense because they are stylish, sophisticated and efficient. The newest models offer greater versatility than more traditional models.

6. Warming Drawer

Look for an oven that comes with a warming drawer, or have one custom-built into your kitchen. They are ideal for entertaining, keeping food at just the right temperature for late guests.

Lastly—and most importantly—invest in a professional. An experienced kitchen designer can help ensure you get the kitchen of your dreams without the guesswork or stress.

Reprinted with permission from RISMedia. ©2016. All rights reserved.

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Everything You Absolutely Must Do in Boston this Summer

Everything You Absolutely Must Do in Boston This Summer,@Thrillist https://www.thrillist.com/events/boston/things-to-do-in-boston-this-summer?utm_source=twitter&utm_medium=social-media&utm_content=Everything%20You%20Absolutely%20Must%20Do%20in%20Boston%20This%20Summer&ref=twitter-869#BostonSummer

http://www.thrillist.com, May 5th, 2016

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Daily Dose of Design: Art in Bloom

Daily Dose of Design: Art in Bloom http://www.bostonmagazine.com/property/blog/2016/05/04/art-in-bloom/#.VytW2XwkXAA.twitter#Design #BloomArt #LenandLeslieMarma

http://www.bostonmagazine.com, May 5th, 2016

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World of Design: Where Color Trends Begin

World of Design: Where Color Trends Begin http://www.houzz.com/ideabooks/65580285 via @Houzz#colortrends #Design #LenandLeslieMarma

http://www.houzz.com, May 5th, 2016

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15 Ways to Create a Welcoming Front Yard

15 Ways to Create a Welcoming Front Yard http://www.houzz.com/ideabooks/64842204 via @Houzz#FrontYard #CurbAppeal

http://www.houzz.com, May 4th, 2016

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Housing Inventory Disappearing

KCM Crew, May 4th, 2016

Housing Inventory Disappearing | Keeping Current MattersThe price of any item is determined by the supply of that item, and the market demand. TheNational Association of Realtors (NAR) recently released their latest Existing Home Sales Reportwhich gives insight into today’s market conditions.

Inventory Levels & Demand

Sales of existing homes rose 5.1% month-over-month in March and are 1.5% higher than this time last year. Sales rose in all four major regions in March. Total unsold housing inventory is 1.5% lower than March 2015 at a 4.5-month supply and remains well below the six months that is needed for a historically normal market. Consumer confidence is at the highest level in over a decade. Pair that with interest rates still below 4%, programs available for down payments as low as 3%, and you have an attractive market for buyers. Homes sold in March were on the market for an average of 47 days and 42% of properties sold in less than a month.

Prices Rising

March marked the 49th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $210,700 (up 5.7% from 2015).

So What Does This Mean?

The chart below shows the impact that inventory levels have on home prices. Housing Inventory Disappearing | Keeping Current MattersNAR’s Chief Economist, Lawrence Yun gave some insight into the correlation:

“Buyer demand remains sturdy in most areas this spring and the mid-priced market is doing quite well. However, sales are softer both at the very low and very high ends of the market because of supply limitations and affordability pressures.”

Bottom Line

If you are debating putting your home on the market in 2016, now may be the time. The number of buyers ready and willing to make a purchase is at the highest level in years. Contact a local professional in your area to get the process started.

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Free Things to do in Boston, May 2016

Free Things to Do in Boston, May 2016 http://www.bostonmagazine.com/arts-entertainment/blog/2016/04/29/free-events-boston-may-2016/#.VyjzuobPae4.twitter#MayinBoston #BostonFree

http://www.bostonmagazine.com, May 3rd, 2016

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