Daily Archives: November 23, 2015

The Ultimate Kitchen Design Tips | Bedford Real Estate

The “triangle” is so yesterday. Read up on our top do’s and don’ts of kitchen design before getting started on your remodel.

Redesigning your kitchen? Here are a few things to keep in mind as you decide what your new space is going to look like.

DON’T forgo a professional designer

We’re sure that your cousin who just remodeled his kitchen has lots of advice for you. But unless he’s Nate Berkus, use a pro. “The biggest mistakes come from people who don’t know what they’re doing in one of the most expensive areas in your home,” says Joe Maykut, director of product management for Sears Home Improvement Products.

DO bring your cabinets up to the ceiling

The days of cabinets stopping short and leaving a gap between them and the ceiling are over. Better to use that extra space to store things inside and out of the way, banishing clutter and dust and creating a clean look all at the same time. Add some ceiling tiles so the cabinetry looks even better. Also, think twice before installing glass doors on your cabinets. Unless your dishes are perfectly matched and stacked with military precision, displaying the inside of your cabinets can make the room look cluttered and messy.

DON’T do your cabinets and drawers on the cheap

It might be tempting to cut your remodeling costs by choosing low-end cabinetry, but think about how many times in any given day you open and close those doors and drawers. Now multiply that by how many years you’re going to live with that kitchen. See what we’re getting at? You want good-quality wood, strong hinges, sturdy pulls and drawers that glide smoothly.

DO choose your countertops based on durability

The last thing you want is a stain on your new countertop. Before you choose the material, know how to care for it and use it properly. Granite and wood are beautiful but stain easily. Porcelain tile is ultra-durable and won’t stain, but the grout between the tiles does collect grime. It goes without saying that stainless steel won’t stain, but it really shows off fingerprints and can look grubby as a result. Quartz is stain-resistant and antibacterial — but it’s expensive. Solid surface acrylic is similarly durable and low-maintenance, and it has a smaller price tag.

DON’T forget to plan for enough storage space

You don’t want your sleek new countertops cluttered with various small appliances. Make sure you have enough deep cabinets where you can tuck away your Magic Bullet blender and George Foreman Grill.

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https://www.searshomeservices.com/blog/the-ultimate-kitchen-design-tips?sid=HSRx2014xNwsLtr14&utm_source=promo&utm_medium=em&utm_campaign=hss-nws-1115&utm_term=int&utm_content=gen

Existing home sales drop 3.4% in October | Pound Ridge Real Estate

Existing home sales, as reported by the National Association of Realtors, decreased 3.4% in October, and the annual share of first-time buyers in 2015 fell to its second-lowest level since the survey was launched in 1981. Total existing home sales in October decreased to a seasonally adjusted rate of 5.36 million units combined for single-family homes, townhomes, condominiums and co-ops, down from 5.55 million units in September. October existing sales were up 3.9% from the same period a year ago.

Existing Home Sales October 2015

Existing sales were flat in the Northeast and fell 0.8% in the Midwest, 3.2% in the South 8.7% in the West. Year-over-year, all four regions increased, ranging from 8.6% in the Northeast and 8.3% in the Midwest to 2.7% in the West and 0.5% in the South.

Total housing inventory decreased by 2.3% in October, and is 4.5% below its level a year ago. At the current sales rate, the October unsold inventory represents 4.8-month supply, compared to a 4.7-month supply in September. One-third of homes sold in October were on the market for less than a month.

The distressed sales share fell to 6% in October, the lowest since the series began in October 2008. Distressed sales are defined as foreclosures and short sales sold at deep discounts. The October all-cash sales share remained unchanged at 24% in October, compared to 27% a year ago. Individual investors purchased a 13% share in October, unchanged from September but down from 15% during the same month a year ago.

The October median sales price of $219,600 declined to the lowest level since April, but was 5.8% above the same month a year ago, and represented the 44th consecutive month of year-over-year price increases. The median condominium/co-op price of $207,100 in October was up 1.6% from the same month a year ago.

 

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http://eyeonhousing.org/2015/11/existing-sales-realign/