home sales

Design Elements for Modern Homebuyers

As realtors, we are first-hand witnesses to the changing tides of desirable home design elements for home buyers. Seven years ago, when I became a realtor: granite and poured concrete were all the rage for kitchen counters, everyone seemed to be looking for an open concept living space, flat yards bested yards with any slope, and stainless appliances were a must-have. It's interesting to see preferences for certain types of layouts, paint colors, building materials, design elements and landscaping choices ebb and flow over time. I even notice that my personal preferences change, depending upon what I'm seeing more of. I've grown to love marble in kitchens and baths, but I can imagine that, over time, I might tire of their stark whiteness and required maintenance.

The following article from my favorite home and design blog, Apartment Therapy, talks about *modern* homebuyer preferences. While the Northampton area isn't overflowing with Sub Zero or Viking appliances, per se, I agree that the other elements of this article hold true.

 

What Modern Homebuyers Are Looking For (Hint: It's NOT Granite Countertops)

Brittney Morgan
Oct 25, 2017
 
(Image credit: Emma Fiala)
 
When looking at homes, we all have our own preferences for different home features—one person might want a huge, modern kitchen and another might not care about the kitchen as much as they care about having walk-in closets. But which features are most commonly used as selling points for homes?

Trulia pulled data from homes for sale on the site over the past year to see what design features are most popular for listers, pitting different features against each other. While some trends and design staples unsurprisingly won out—looking at you, subway tile and hardwood floors—others didn't necessarily come out on top, and some were just plain missing (seriously, no mention of granite countertops? I'm shocked!).

Here's how the most popular design features fared against each other.

Marble Countertops vs. Quartz Countertops

The Winner: Quartz countertops—they're more expensive up front, but marble countertops require more maintenance by comparison, which can add up.

Soaking Tubs vs. Claw Foot Tubs

The Winner: Soaking tubs. Claw foot tubs may seem more luxurious, but soaking tubs were far more popular according to the data.

Hardwood Floors vs. Carpet

The Winner: Hardwood floors. According to Trulia, real estate agents frequently see a strong preference for hardwood floors from clients, because they're easier to clean and long-lasting.

Basketweave Tile vs. Subway Tile

The Winner: Subway tile—although Trulia admits the numbers for each were so close, it's nearly a toss-up.

(Image credit: Hayley Kessner)

White Cabinets vs. Dark Cabinets

The Winner: White cabinets, and real estate agents point out that lighter, brighter cabinets can make a kitchen look bigger.

Sub-Zero Appliances vs. Viking Appliances

The Winner: Sub-Zero appliances—although, like the tile style toss-up, Viking appliances were just barely behind.

Bay Windows vs. Floor-to-Ceiling Windows

The Winner: Bay windows. Another close call, but bay windows were still the more popular selling point.

Electric Stoves vs. Gas Stoves

The Winner: Gas stoves—while they're more expensive initially, they save money in the long run as gas in general is less expensive than electricity. Gas stoves were far more popular than electric stoves among listings.

 

 

The Benefits of Adding Solar Power to Your Home

In our development in Florence, MA, just 2.5 miles from downtown Northampton, MA, it seems that solar panels are going up on yet another neighbor's home on a weekly basis. We started the process of interviewing local solar providers last year, but had to put the project on hold for a variety of reasons. Now we are ready to open this can of worms once again. Luckily, our neighbors have done a lot of research, which they are happy to share. The following article from Apartment Therapy does a nice job of explaining the costs and benefits associated with installing solar panels on ones' home. The good news is that buyers do seem to be willing to pay more for solar power - so you needn't stay in your home long enough to see a direct return on investment. 

Can Solar Power Pay Off? One Homeowner Crunches Real Numbers

By Julie Sprankles 

Aside from the obvious benefit of helping the planet, solar power can be pretty enticing to homeowners who are tired of paying an arm and a leg for their electric bill every month. Given that outfitting a home with solar panels comes with considerable costs upfront, though, is doing so practical from a financial standpoint? Can solar power in fact pay off?

For starters, it's worth noting that the benefits—as well as costs—of installing solar (also called photovoltaic) power systems will vary from house to house. This makes sense, right? Your house might be much larger than my house. My house may be in an area where solar power is more readily available and therefore more affordable. The variables go on and on.

In general, however, there are a few universal benefits of installing solar power: it lowers your electric bill, minimizes your carbon footprint and, depending on where you live, it can even bump up your home value.

On the flip side, you'll need to drop a pretty penny upfront in order to buy the equipment and pay for the installation. The big question, of course, is whether the potential savings will outweigh those upfront expenditures—or, more pointedly, whether you'll actually be able to save money (or make money, if the value of your house goes up considerably) should you invest in solar power.

How much does solar power cost to install?

Let's talk numbers, shall we? A solar power system for an average-sized house in the U.S. can run anywhere from $15,000 to $40,000. If those figures give you a serious case of sticker shock, don't fret just yet—many companies allow you to "lease" the equipment, which dramatically reduces your upfront costs. But should you decide to purchase outright, you may qualify for government incentives that cut the cost of the system. In all 50 states, installing a solar power system qualifies the homeowner for the Residential Renewable Energy Tax Credit. This tax incentive allows you to claim a credit of 30 percent of qualified expenditures for your system and, most importantly, helps to shave down the time it would take for your savings to equal out or exceed your initial investment.

If you're the type that likes online calculators, you'll be particularly happy to learn that Google has come up with a handy little number-cruncher to give you an approximation of the costs and savings you can expect with solar in your own home. Called Project Sunroof, the tool relies on high-resolution aerial mapping to calculate your specific roof's solar energy potential. According to Google engineer Carl Elkin, the site "figures out how much sunlight hits your rooftop through the year, taking into account factors like roof orientation, shade from trees and nearby buildings, and local weather patterns."

Technology... crazy, huh?

When I plug my home's address into Project Sunroof, it spits out an aerial thermal image of my street that is, if we're being honest, pretty damn impressive in its detail. The fact that my roof is glowing bright yellow clues me into the fact that sunlight is aplenty, but the site spells it out for me, too.

By their estimate, my roof receives 1,606 hours of usable sunlight per year. Based on 3D modeling of my roof and nearby trees, the site figures I have 564 square feet of roof available to be outfitted with solar panels—and they recommend an 8-kilowatt system, which would cover 40 percent of our household electricity usage.

What does all of this mean for my bottom line and, theoretically, yours? That, yes, a solar power system can pay off.

With the system covering around 40 percent of my household electricity usage, my 20-year benefits of utilizing the system would total $37,000. If the upfront cost of a system after tax incentives amounts to $17,000 and we deduct that from the benefits, the 20-year savings comes out to $20,000. In other words, it would take nine years to pay back that initial investment.

You may be thinking, "Yeah, but this only pays off if I actually stay in the home for nine years." In which case you may be relieved to learn that research conducted by the Department of Energy in 2015 showed that buyers are happy to pay more for homes with solar power systems.

The study, which was cited by The New York Times, revealed that buyers were willing to pay a premium of $15,000 for a home with a solar power system, compared to a similar home without one. The only caveat is that these findings apply to systems that are owned, not leased.

So although there's no hard-and-fast rule for whether or not solar power systems will pay off in every unique situation, they can certainly save you money immediately on your electrical bill whether you buy or lease. And if you have the capital to make the full investment upfront, you could be looking at paying off the system in less than a decade and enjoying sizable savings and a big ROI in the long-term.

Lighting Updates to Attract Home Buyers

One of the many services that we realtors provide our seller clients, is to preview their homes and make suggestions about affordable updates that can give a dated home, or room, a fresh appearance. It rarely makes sense for someone who is planning to sell their home to make a deep pocket investment such as a total kitchen or bathroom renovation. Style choices are subjective, and expensive renovations that a new buyer would want to "undo" can actually negatively affect the bottom-line sale price.  Sometimes a fresh coat of paint and some new light fixtures can go a long way towards making a space feel updated and attractive.

Since we do tend to have a fall upswing in home sales here in the Northampton area, now would be a good time to call your realtor for an opinion about which affordable updates to make before putting your house on the market. This recent article from the Boston Globe gives sound advice about light fixture choices:

Ask the Stager: Tips for choosing lighting that attracts buyers

   

Inspired by factories and older buildings, industrial-style fixtures are now used in contemporary kitchens.

Inspired by factories and older buildings, industrial-style fixtures are now used in contemporary kitchens. Tim Lee Photography/Staging by Staged To Move

Kara Woods - Globe Correspondent

August 15, 2017 11:00 pm

Updated interior lighting is one of the most efficient ways to get a potential buyer’s eyes to light up. Just like a fresh coat of “greige’’ (a color between beige and gray) paint, lighting has the power to change the entire feel of a room instantly. It’s an affordable fix with maximum impact.

We’re currently using the transitional style of lighting to get our clients’ homes showcase ready. A mix between traditional and contemporary, its streamlined and sophisticated look tends to appeal to the broadest audience.

Here are a few of my go-to transitional-style light fixtures:

Dining room/kitchen

The “orb,’’ or round fixture, is replacing the traditional six-candle chandelier. In addition to a dining room or kitchen, these fixtures also light up a foyer.

The Solaris 6-light sphere chandelier by Crystorama Lighting. —Photo by David Turner;Staging by Stage To Move

Kitchen pendants

When updating or installing kitchen pendants, it can be tricky to determine the size fixture you’ll need and how many will fit in the space. The rule of thumb is to space the lights 30 inches apart and 30 to 36 inches above the island surface.

Popular styles that will make your kitchen shine include:

Industrial 

Inspired by factories and older buildings, this style is now used in contemporary kitchens. Industrial-style lighting is common in Restoration Hardware designs.

Glass or clear pendants in a transitional style

Selected for its clean, linear lines, this style creates visual impact without taking up a lot of visual space. A favorite among stagers, potential buyers are able to move their eyes easily over, and through, the entire space. Stick with a polished nickel or chrome finish.

The kitchen pictured below had outdated bronze lantern-style fixtures that felt heavy and blocked the view of the large kitchen and eating area. When we installed these lighter glass fixtures, they opened up the space and showcased the full potential of this beautiful kitchen. (We also painted the cherry cabinets white, which also brightened the space.)

Bronze lantern-style fixtures that felt heavy were replaced with transitional-style glass fixtures, Birch Lane by Northport Pendant, that opened up the space. —Photo by Anthony Acocella; Staging by Staged To Move

Bathroom

Sconces

  • Stick with straight, clean lines and a polished nickel or chrome finish.
  • Avoid the glass shades that look like a bell — in other words, pronounced curves.
  • Stay away from sconces with mini shades.

Stick with clean, straight lines for bathroom sconces. Shown here is the Hewitt single sconce. —Courtesy of Pottery Barn

Overhead

  • Stick with the same rule of thumb as the sconces — opt for straight, box-like lines.
  • Stay away from curves or bell shapes.
  • Select polished nickel or chrome finishes. For overhead bathroom fixtures, select polished nickel or chrome finishes. Shown here is the Alcott triple sconce. —Courtesy of Pottery Barn

Hallway

This situation typically calls for a semi-flush-mount light, meaning there is a small gap between the ceiling and the fixture.

Hallway lighting typically calls for a semi-flush-mount light, meaning there is a small gap between the ceiling and the fixture. The fixture pictured here, by Progress Lighting, features a low-slung shade. —Courtesy of Progress Lighting

Final thoughts

A couple of things to keep in mind as you select lighting and prepare your home for sale:

1. Be sure to combine the new lighting with existing fixtures. For example, if the sconces in the hallway are brushed nickel, pick a semi-flush fixture in the same material so they coordinate.

2. Focus your staging budget on high-priority areas, which include the first floor (or public spaces), the master bedroom, and the master bath.

Kara Woods, an award-winning home staging and design professional who specializes in the luxury market, teaches at the Academy of Home Staging and serves as Northeast regional vice president of the Real Estate Stagers Association. Send comments and questions to Address@globe.com. Subscribe to the Globe’s free real estate newsletter at pages.email.bostonglobe.com/AddressSignUp.

Summer Projects Worth Doing!

Another Northampton summer is finally upon us. For many people this means, among other things, that new light may be shed upon various projects required to improve your home or property, which weren't apparent during the winter months. 

I love finding encouragement to support a hard won decision. We finally decided to green light our screened in porch construction after two years of hemming and hawing -- and we are super excited that we will have an outdoor space which keeps the bugs out! In addition, look at the words of wisdom I happened upon from the wonderful Apartment Therapy website below - this just happens to suggest that our decision was a good one!

Summer Projects That Will Give You Good Return on Investment

(Image credit: Esteban Cortez)

You don't have to do a total renovation to increase the value of your home. Simple home improvement projects — like landscaping, new doors or shutters, or just a new paint job — can do wonders, majorly transforming the look of your house and bumping up its value.

Landscaping

It's well-agreed that boosting your home's curb appeal will pay off when it's time to sell — though estimates range from 100 to 1,000 percent ROI. Regardless of the exact numbers, it's clear: You'll likely get out more than what you put in. Realtor.com has some ideas, ranging from weeding and maintenance to planting trees (which almost always add value).

Painting

A freshly painted home can get you a 5 to 10 percent premium when you go to sell. It's a no-brainer to paint over those rooms that are scuffed or really need it, but if you're looking to sell in the near future, you can also use paint to appeal to buyers and command a higher sale price for your home. For instance, a recent study from Zillow found that blue is a color likely to bump up the selling price of a space.

Decks and Patios

If you were thinking about getting a deck, patio or porch already, good news: It offers a 90.3 percent average return. You also get a good return if you revamp the deck you already have. You want to make sure all the boards, railings and stairs look sharp and are in safe working order. No one wants a deck that looks like a hazard to have their kids around. And adding things like lighting, planters and gates can up the value even more.

New Doors

Both garage door and entry door replacements have a high return on investment, at 80.7 percent and 98 percent, respectively. Spicing these up can increase the curb appeal over traditional, drab doors. It'll give your place something unique that other homes won't have.

by Sarah Landrum

Jun 23, 2017

What's with the Low Inventory of Homes for Sale in Northampton?

LOW INVENTORY OF SINGLE FAMILY HOMES FOR SALE

According the the MLSPIN (Pioneer Valley chapter of MLS), there were 61 single family homes listed for sale between March 1st and May 1st of 2016 alone. Here we are in mid April of 2017, and there are only 45 single family homes on the market in Northampton. Some of these are new construction opportunities, and some are already under agreement. 

Pictured Above, 32 Liberty Street in Northampton, MA

Agents within our office have anecdotes of packed open houses, with multiple offers being submitted and buyers being outbid on the few houses that have come on the market this spring. This article from realestate.boston.com confirms that housing inventory in Massachusetts is at an all-time low.

Whatever the factors are behind the dearth of new single-family listings - the fact is that now is a great time to sell! Buyers are eager to buy, interest rates are still low. So, if you are a seller thinking about possibly selling your home - the first step is to reach out to your agent to find out what our opinion of market value would be. There is no question that the demand is high, and many houses are selling for above asking price in this climate. Contact us today to set up your comparative market analysis!

45 Spaulding Street, Amherst MA

Charming, updated 5 bedroom farmhouse, spacious and beautiful yard with lovely plantings, heated workshop/studio. All of this just a stone's throw from Amherst center! Our listing at 45 Spaulding Street is a gem of a home. Listing agent Scott Rebmann with be hosting an open house this Sunday, September 11th from 12-2 pm. Come take a look! A home this special will not last long!

45 Spaulding Street, Amherst MA

View from the street

Cozy side porch

Updated farmhouse eat-in kitchen

Master bedroom

Adjacent studio/loft

 

Beautifully sited on a nearly 1/2 acre lot, this classic farmhouse has retained its period charm while having today's modern updates. A gorgeous side sunporch welcomes you into the expanded dining room/kitchen area, updated with new cabinets, a farmhouse sink and lovely butler's pantry. Beautiful hardwoods lead you to the living room and a bedroom/office and updated bath round out the main floor. Upstairs are 4 additional bedrooms and a hall bath. The rear deck overlooks the beautiful yard with perennial gardens and fruit trees. There's also a heated studio space with a loft, perfect for the artist, writer, or entrepreneur. Do you want chickens? There's even a newer chicken coop! The updates are numerous...newer slates on the roof with copper flashing, new kitchen/dining room, new upstairs windows, new insulation, new gas boiler and radiators...the list goes on and on. All of this and you're just moments from all of the shopping, dining and entertainment venues of downtown Amherst! Offered at $425,000. 

Spring Real Estate Market Stats

We are in the midst of our Pioneer Valley and Northampton MA area spring real estate market. Since it is widely known that more inventory of houses and condos for sale tend to become available starting in March in the Northampton, MA area -- we Realtors often find ourselves in conversations with friends, family and clients wondering "how is the market?".  To that end, I have included a blog post below from the Massachusetts Association of Realtors (MAR) with statistics to address this widely asked question. 

While it seems home sales are on the rise, inventory has continued to dwindle. This suggests that homeowners are choosing to stay put and make improvements to their existing homes, rather than selling and moving into newer homes, thus leading to less inventory available to new home buyers.
 
For you stats lovers, read on for more info about real estate sales in Massachusetts.
 
 
 

March Closed Home Sales Hit another High for the Month

by Eric Berman - eberman@marealtor.com - 781-839-5507 | Apr 26, 2016

The number of homes for sale still down despite increase in new listings 

added to the market

 

WALTHAM, Mass. - April 26, 2016 - The Massachusetts Association of Realtors® (MAR) reported today that heavy buyer activity in the first quarter pushed March closed home sales to a new high for the month. Median prices were back up after ticking down in February for the first time in nine months. Condominium sales also closed up with median prices essentially flat from 2015.

March Closed Sales:

Single-Family

March 2016

March 2015

%Change

Sales

3,452

2,801

+23.2%

Median Price

$329,505

$320,000

+3.0%

  • Most closed sales in the month of March since 2004
  • Closed sales have been up 14 out of the last 21 months
  • Median prices have been up for the 11 out of the last 12 months
 

Condominium

March 2016

March 2015

%Change

Sales

1,429

1,145

+24.8%

Median Price

$307,900

$307,000

+0.3

  • Most closed sales in the month of March since 2007
  • Closed sales have been up or flat nine of the last 13 months
  • Median prices have been up eight out of the last 12 months

"March has proved again this year that buyer activity in the first quarter of this year and the last few months of last year was very, very strong," said 2016 MAR President Annie Blatz, branch executive at Kinlin Grover Real Estate in Brewster. "We've seen a good increase in the number of new listings added to the market and it's a trend we really need to continue as were still faced with an ongoing shortage of homes."

 Inventory and Days on Market

Single-Family

March 2016

March 2015

%Change

Inventory

15,442

17,729

-12.9%

Months of Supply

3.1

4.4

-29.5%

Days on Market

117

127

-7.9%

New Listings

8,296

6,343

+30.8%

  • 50th straight month of year-over-year inventory decreases 

Condominium

March 2016

March 2015

%Change

Inventory

4,306

4,900

-12.1%

Months of Supply

2.3

3.0

-23.3%

Days on Market

85

98

-13.3%

New Listings

2,971

2,551

+16.5%

  • 63rd straight month of year-over-year inventory decreases

About the Massachusetts Association of Realtors®: 

Organized in 1924, the Massachusetts Association of REALTORS® is a professional trade organization with more than 22,000+ members.  The term REALTOR® is registered as the exclusive designation of members of the National Association of REALTORS® who subscribe to a strict code of ethics and enjoy continuing education programs.  

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