Five Reasons To Buy a Home!

We all want to be wise investors, but our brains get in the way. Behavioral scientists tell us we are hard-wired to assume the future will be like the past. These tendencies can cause us to miss bargains in real estate. Here are five reasons why buying a house now is a good investment:

1. It’s becoming more expensive to rent than to own. Yes, renting is convenient, but living in a rental also comes with restrictions on what renters can do with their living space—a simple task like painting requires permission from the property owners. Low interest rates and reasonable home prices make owning look more favorable than renting, especially when rent costs are rising!

2. The population of the United States is still growing. We are the only major industrialized nation that isn’t suffering negative population growth. All those households have to go somewhere, and many families are already doubled up.

3. Building has been almost nonexistent for several years. Ultimately, it comes down to supply and demand. There are still lots of foreclosures to work through, but the absolute supply of houses is declining.

4. Investors are removing inventory. As investors generate positive cash flow by buying bargain properties, more become landlords, reducing the available supply.

5. Homes can’t be replaced for their current prices. When building finally starts, builders will be forced to charge more than existing homes fetch. The cost of lumber, copper, and petroleum-based products has risen, taking building costs with them. That will make existing homes a bargain.

In the history of this country, there has never been a down economy that hasn’t recovered. This one will too, and those who take advantage of record-low interest rates will do well.

Unfortunately, people don’t want to buy at a good time; they want to buy at the best time. Few realize it’s impossible to pinpoint that time until it’s past.

It’s certainly a better time to buy than before the real estate bubble. No one can say exactly how things will come out, but those who can afford to hold their property at least five years should do extremely well.

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2012 Design Trends

If you’re looking to update your home, consider following the trends. In 2012, eco-friendly spaces, bold colors, and casual elegance will be the trends to watch.

 

Environmentally Friendly Green living has gone beyond cloth tote bags and reusable water bottles and has now spread to the world of home construction. Eco18.com predicts that in 2012, green building will be more popular than ever. As consumers demand eco-friendly buildings, home developers will turn to LEED certifications to prove their homes are good for the planet. These LEED-certified homes will be more green than the standard, built with materials harvested from renewable resources and stocked with energy-efficient appliances. The Beasley and Henley Interior Design Blog sees the green trend continuing in the textile field. With the prices of eco-fabrics dropping, expect earth-friendly linens and cottons to turn up on pillows, furniture, and draperies.

Grey is the New Neutral Pantone, the authority on color, declared tangerine tango to be the color of 2012. A bold, reddish-orange that has proven popular among fashion designers and consumers alike for the past few years, expect the shade to hold appeal for years to come. Daring homeowners can swath an entire wall of their home in the color, but tangerine tango also works in smaller doses—on accent pillows, artwork, and accessories. The Beasley and Henley Blog, meanwhile, predicts 2012 will be the year of grey. When paired with bright colors like yellow or green, grey becomes both contemporary and comfortable.

Make Room for Style, Quality and Comfort Based on the popularity of products on display in their 87 showrooms, the Boston Design Center believes 2012 will be the year of casual, elegant spaces. Stuffy living rooms have fallen out of favor as people look for more comfort in their home. Expect spaces to become family friendly, with deep sofas designed for lounging and coffee tables sturdy enough to support the weight of feet. Well-designed furniture and fashionable printed fabrics lend an elegance to these spaces. On-trend furniture looks airy; graceful legs and slim profiles keep pieces from feeling too heavy. Graphic cutouts on the backs of chairs and the sides of tables add visual interest. The overall look is easily adaptable, at home in both urban and suburban settings.

What is a Buyer’s Agent?

Let’s face it, most consumers have no idea, about the true job of a Buyer’s Agent. Ten years ago when I purchased my first house I found it on-line, drove to the location, looked in the front windows, walked in the back yard, called my husband, and then called the agent’s number on the sign in the yard. Talk about not understanding real estate, we did not have an agent representing us, and we paid what the seller had listed as the sales price no questions, no negotiations. Then we let the listing (seller’s) agent walk us through the contract, option money, earnest money, the whole enchilada. It did not even enter my mind that I should have an independent person that would go over the contract and represent my interests, or negotiate any part of the transaction for me. Some individuals shy away from having representation because they do not want to pay a commission, heads up, in 98% of transactions in the state of Texas the buyer does not pay the commission, it is all paid through the seller. So basically a Buyer’s Agent is an unpaid advocate for you in a transaction to negotiate, and navigate the home buying process. This is the largest purchase most of us make in our lives, hopefully we have all learned to hire a buyer’s agent for true peace of mind. Let me know if I can help you with your next purchase, call anytime!

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Cell:  214-336-6687