May

What buyers are willing to pay for energy efficiency

To receive savings on future utility bills‚ homebuyers are willing to pay the price now.1 The National Association of Home Builders explored this topic in its 2019 edition of ‘What Home Buyers Really Want.’ The numbers:

  • To gain $1‚000 in annual energy savings‚ buyers are ready to spend an additional $8‚728.
  • Forty-six percent said they would pay between $1‚000 and $9‚999 to earn $1‚000 in savings; 37% said they would spend more than $10‚000.
  • For those shopping for homes priced $500‚000 or more‚ the amount they would pay is $10,560.

Creating a ‘green’ home can be costly‚ but buyers do not appear to be shying away from the required investment. I hope you find this information to be helpful.

1Carmel Ford‚ “How much are buyers willing to pay for energy efficiency?” Eye on Housing‚ last updated April 12‚ 2019.

May

Pool safety tips

Memorial Day – the unofficial start of summer – brings with it the opening of many private and community pools and recreation areas. Keep children safe with these tips1:

  • Designate a ‘water watcher.’ This is an adult responsible for keeping an eye on child swimmers. Rotate watchers every 10–15 minutes. Those on duty should avoid texting and other distractions.
  • Use PFDs. Young children should use a personal flotation device (a Coast Guard approved life vest) that supports the head. Never rely on ‘floaties‚’ ‘swimmies‚’ noodles or rafts to keep a child safe.
  • Fencing is key. In many areas‚ proper fencing around a backyard pool is the law. Self-closing‚ self-latching gates should have latches at least 54 inches above the ground.

Have a happy and safe holiday weekend.

1Tina Donvito‚ “17 hidden pool dangers you need to know‚” Reader’s Digest.

May

Gen Xers seek multi-generational homes

As their adult children move back home (or not leave at all), Generation X is adjusting by purchasing multi-generational properties.1 Numbers from the 2019 Home Buyer and Seller Generational Trends study:

  • Gen Xers are the most likely to buy a multi-generational home – one in six made the purchase.
  • Fifty-two percent of Gen X buyers said the presence of their adult children was the #1 reason they bought a multi-generational home.
  • Meanwhile‚ older Millennials are buying multi-generational homes to care for parents (33%) or spend more time with mom and dad (30%).

As the #1 mortgage company in Greater Lexington for 17 consecutive years‚ Capstone is here to provide guidance and support. Please contact me if you have questions.

1“Gen Xers’ adult children influence their buying decisions‚ younger Millennials become buying force according to REALTOR® Report‚” National Association of REALTORS®‚ last updated April 1‚ 2019.

May
Steps for a low-maintenance yard

While there may be no such thing as a zero-maintenance yard‚ there are steps homeowners can take to ensure outdoor spaces require less upkeep. Share these tips with clients1:

  • Gravel‚ special types of paving or grass-like perennial plants can replace sections of lawn and mulch – and help make yardwork less of a chore.
  • Or consider slower-growing lawn options. Certain breeds only require cutting a few times a summer.
  • When placed in proper areas with comparable species‚ native plants are another low-maintenance option.
As always‚ I enjoy staying in touch and sharing helpful homeowner advice.

1Melissa Erickson‚ “Secrets of a low-maintenance yard‚” Wicked Local Lexington‚ last updated April 12‚ 2019.