Monthly Archives: June 2011

A “swinging” suggestion

Over the weekend I came up with the solution for a lot of what ails our country. It’s a rather simple idea. Take some of the stimulus funds – that didn’t work – and buy a porch swing for every home.

porch swingHave you ever lived in or visited a home with a porch swing? It’s a peaceful piece of furniture, especially if it has a slight squeak from the chains. While you can enjoy it alone, it’s even better when shared with a friend. It’s ideal for intimate conversations, or for peacefully sharing opposing thoughts.

You can’t get or stay mad in a squeaky porch swing. It has a way of lessening what seemed to be a major problem into a manageable concern.

I grew up in a home with a porch swing. It was my favorite place to be on a Sunday afternoon because friends or relatives driving by would stop and join us on the porch. Spontaneous get-togethers were common then. Mom always had a pitcher of fresh, REAL lemonade or mint ice tea in the fridge. Plus, there was the usual homemade cookies, cake or a pie handy as well. If the day was particularly hot, she would mix up a batch of homemade ice cream mix for the men to crank in the hand freezer. Although we occasionally got “brain freeze” from the extra cold ice cream, it was always a special time.

Let’s put porch swings in the Statehouse and national Capitol buildings, then make the politicians sit in them until they actually agree to compromise to fix the economy! Maybe a PORCH swing will have better results than the GOLF swing did.

Renovating the landscape around my home

One of the best valued fix-ups a homeowner can do to their home is their landscaping. If the home doesn’t have any when you buy it, then plant some as soon as you can … even before you add a deck. That way the plants can be growing – and increasing in value – as you enjoy living in the home. Then when you’re ready to sell, buyers will love the privacy you’ve built into the yard.

When I moved into my home 14 years ago, the only landscaping was the typical junipers under the front windows, a little sand cherry shrub at the corner, and a sapling maple in the front. In the years since, I have worked on doing a section at a time, so many of the plants are maturing and giving a nice privacy screen from the neighbor’s lawns. I try to select plants that provide food, cover and nesting for the birds that I feed. Some of the plants are also providing cover for the chipmunks and Attack Rabbits that have taken up residence in my lawn. I may have carried this nature thing a little too far.

They came … they saw … they stayed!

Last week, it was time to undo the builder’s plants in the front, plus, I had other plants that needed divided and moved to other locations. I use Outdoor Makeovers to do my work, so I called Bruce – the Sales Manager - to tell him I was ready to get rid of the front junipers and the sand cherry that was now a full-grown scrubby tree. We met, I gave him my ideas & budget, then he created a plan based on that. They did all the work last week, so I took before-after photos. I think everything we’ve done over the years is shaping up nicely.

Want to investigate different types of plants? Visit Monrovia‘s website for a great way to search for plants based on growing zones, light, water, etc.

10-Yrs of Home Sales Show That It’s A Buyer’s Market

Yesterday I posted a graph showing the average prices of homes sold the past 10 years. Today I’ve prepared a graph showing the NUMBER OF HOMES SOLD  in that same time period. This chart illustrates why there is so much concern about the real estate market and the need to improve the sales because the real estate industry supports jobs for many related industries.

2002-2011 # Homes Sold Jan May in central Ohio

Click to enlarge, then click again

You’ve probably heard Realtors® say that there are fewer buyers than there were in the early part of the 2000 decade. This chart certainly illustrates that. The bump-up in 2010 was due to the $8000 Gov’t tax credit for 1st time home buyers. Buyers had to be in-contract by the end of April to take advantage of that tax credit. Some of those contracts would have closed in May, thus driving up the sales for the Jan-May period.

Prices and interest rates have been declining in recent years, which should drive up the demand, but that’s not happening. The financial institutions began eliminating 100% financing and established tougher criteria for buyers to meet when seeking mortgages. Buyers had to begin having some down payment money and better credit scores. You can see this effect with the declines after 2007. This financing change impacted 1st time buyers the most and that’s likely why Hilliard and Westerville sales have declined so visibly as both suburbs are popular with 1st time buyers due to the average price of the homes. (See yesterday’s chart)

What should your take-away be from this chart’s info?

  • Buyers: If you have the funds, it REALLY IS a good time to buy.
  • Sellers: Competition is stiff so your home needs to be priced right and in top condition to appeal to the few buyers that are shopping.

View same data for AVERAGE PRICE OF HOMES SOLD

Copyright © 2011. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

Real Estate Sales Are Local

Many national organizations quote trends in real estate prices. There is a real problem in paying attention to those numbers and “assuming” those trends apply to our local central Ohio area. Each market is different and within each market there are differences. We often don’t know whether the data is for single-family homes only, or whether they include condos. Perhaps someone has quoted sales by zip code, which here in central Ohio, can include 2-3 different school districts, giving a meaningless number. I prefer to only gather sales data for single-family homes by school district since that is the way most buyers shop for homes.

I just completed updating the 10-Year Averages of the price homes sold for from January thru May by school district.

2002-2011 Avg Prices homes sold for Jan-May in central Ohio

Click to enlarge chart, then click again

You can’t view that chart and make a blanket statement that “prices are up” or “prices are down“, yet the EXPERTS do that all the time. The one take-away conclusion we CAN make is that the local real estate market has not recovered from the highs in 2006-2007. Many listing agents will tell sellers that if they bought their home in 2004 or after, they will not be able to sell for what they paid for the home.

View same data for the NUMBER of homes sold.

Copyright © 2011. Elaine Reese, Real Living HER. Reproduction of any portion of this blog post or the images is prohibited by the Digital Millennium Copyright Act. If this post is being viewed on any site other than www.ReesesPiecesOfRealEstate.com then the material has been stolen without permission. Violators will be reported.

The Perfect Father’s Day Gift

Detached garage, workshop in Delaware OH 43015

Yep, you can buy this ultimate “man cave” for dear, old Dad. Men seem to love buildings like this. Perhaps, it brings out the Tim Taylor in them so they, too, can make those grunting noises like he did on the TV show.

Men tend to collect “big boy” toys. This 24′x 32′ building can hold ATV’s, jet skis, cycles, and maybe a prized hotrod from his youth.

You can tell the age of the boy by the price of his toys.

It’s wired with 220 electricity to run all those power tools. Of course, there is a home on the 1.2 acre property where this man-cave is located. If he likes to fish, tell him to walk down the drive and across the road to the Scioto River to catch a fish for dinner … but he has to clean it.

An added bonus is that the Wedgewood Urgent Care Center on Sawmill Parkway in Powell is only 8.9 miles away. That’s good to know when Dad hurts himself. 

You can read all about this home and view a slide show of photos here.

2011 BIA Parade of Homes Photos

Yesterday morning was Realtor® day at the BIA Parade of Homes in Olentangy Falls. There are 11 homes in this year’s Parade (click here for more details). I took photos while I was there so watch the vid to see some highlights.

Many of the homes used very dark woods both in cabinetry and flooring. The wallcovering and some paint treatments were also dark. Perhaps the builders are in a ’dark’ mood thanks to the tough past two years.

Special pix: (1) a bath tub for dogs with hand-held sprayer and (2) see if you can tell which builder was serving mojitos to the Realtors®. Hint … it’s the very crowded kitchen. :-)