BuyingHome OwnershipMoving & Relocation October 18, 2018

How To Choose The Right Suburban Neighborhood

Buying a home anywhere feels like a huge step, but getting settled in the suburbs can seem especially momentous for any household. After all, traditionally, suburbs were for establishing a place in the community and raising a family, where you can put down roots and grow a life. Where you might plan to stay in your city home for just three to five years, a home in the suburbs could be the place where you retire.

So it pays to do some research on the suburb and neighborhood where you want to plant those roots. There’s a lot you can do to an individual house to help it fit your lifestyle, but if the neighborhood isn’t a good fit, remodeling it isn’t quite as simple.

How do you make sure that the neighborhood where you’re about to buy is a place to sink your roots? By conducting your research, talking to experts, crunching the numbers, and narrowing down your options until you have an option that sounds like home.

Know yourself

It’s not wrong to choose a home based on life aspirations or goals that you hope to achieve one day. But unfortunately, humans have a tendency to imagine themselves reveling in situations that, realistically, they wouldn’t actually enjoy.

So if you know that watching the local baseball team is one of your great pleasures in life while football leaves you more or less cold, then don’t expect yourself to develop a sudden love for football just because you found a home that offers an easy commute to the field, for example.

Draw up a fantasy list of everything that you want in a suburb — but with a dose of realism in the sense that you’re only including features and amenities that you really want, not things that you think you should want. Every suburb is going to have perks and deficits, and it’s up to you to decide now what your ideal place to live is like and then see how close you can get.

If you’ve rented in a few different neighborhoods or suburbs in the city, this should help you with your list. Consider what you liked about each place, whether it was the best schools in the area, the extensive park system, or the quick commute to work.

While you’re at it, think about any dealbreakers that emerged while you were moving around as a renter. What did you not like or appreciate about any of your previous neighborhoods or suburbs? What annoyed you, and what made you grit your teeth and vow to move as soon as possible, if anything?

Get schooled

Even if your kids are in high school and you won’t be looking at elementary or middle schools at all, it’s a big mistake to ignore the schools in your suburb of choice. School quality is tied to home prices, whether you like it or not, and you don’t want to eliminate families with younger (or older) kids from the pool of households who might be interested in buying your place when you eventually move on.

You can find general school ratings online, but bear in mind that some providers might not give you the granular information you need — like the individual ratings for elementary, middle, and high schools, and background context that shows how the schools in your area measure against the rest of the metro area. The more information you have, the better-educated you’ll be when the time comes to make an offer on a home, and that never hurts.

If you do have school-age kids, then it’s extra-smart to do an additional layer of research when you’re narrowing down your suburbs of choice. Test scores only tell part of the story when it comes to any school. Call schools and ask about safety policies, how they manage struggling students, the availability of gifted programs, inclusivity efforts, and any other areas of concern that you might have.

Commerce and traffic

Even if you used to live in the area (or currently do), don’t assume that you know everything there is to know when it comes to the traffic that flows through and the businesses that place their stakes. You never know which suburbs are going to get the benefit of future public transportation infrastructure, or which businesses might be moving into which parts of the metro.

Start with the the appropriate government and Chamber of Commerce entities for the suburb. Ask whether you can obtain a list of current business establishments in the neighborhood, and ask about planned developments and traffic projects. Ask about city facilities in the works, too, like rec centers, theaters, parks, or other public amenities.

Not only will this give you a heads-up to any major construction that could be surrounding you in the near future, but it can also serve as a red flag; suburbs that have a lot of empty storefronts and few businesses opening can signal areas where values might not be rising as quickly as the surrounding metro. Conversely, suburbs with new developments planned and businesses getting ready to open can signal spots with up-and-coming desirability, even if they’re not quite there yet.

Ask about population and how many people have moved into and away from the suburb. You’ll get a sense about whether those congested roads to and from work are going to get better or worse, and you won’t be surprised when your commute changes accordingly.

You’ll also want to look at how the suburb’s public transportation network hooks up with the larger metro’s and how easy it is to get to the places you already know you like to visit. Where are the closest transportation stops or hubs, and what’s the parking like there? Is it relatively easy to get to and from the airport on the train or bus? How about from your prospective neighborhood to significant local landmarks or areas of interest, like arenas, ballparks, music venues, and your workplace? Are there any shuttles or other public transportation systems established in the suburb? How easy is it to call up a ride on Lyft or Uber? What are the train or subway stops like? How long does it take to grab public transportation or a cab to the city center, and how much does it cost?

Worst-case scenarios

Just like school ratings, there are a number of platforms that offer crime ratings for different suburbs — and that’s a good thing to know when you’re about to buy a home.

It’s always smart to understand exactly what the maps are showing, and that’s especially true for crime ratings. Oftentimes, those ratings are based on crime reports rather than filed charges or convictions secured, so the crime ratings platforms don’t always tell the full story. It’s not a bad idea to check with any friends who live in the area or a real estate professional to get deeper insights into how safe a suburb and its surrounding county (or counties) might be.

And nobody wants to think about being rushed to the hospital, but you might want to think about it before you buy a home, especially in the suburbs, where a hospital could be fifteen or twenty minutes away, and a good hospital even further. What’s the local average emergency response time, and which hospital would be the go-to if you had to call for emergency services? Is there an urgent care center that’s closer? What are its hours? 

Those are good questions to be able to answer before you decide that a suburb is for you, especially if you or someone in your household has a health issue that requires specific care. Level I Trauma Care centers are equipped to handle most medical needs, including emergencies.

Spend the night

If you can, it’s wise to try to spend at least one night (and preferably closer to a week) in the suburb where you want to buy. Find a vacation rental, if possible, so you’re not cushioned by the “hotel experience” (if it’s available) and can spend the week navigating where to shop for groceries, how you’ll get to work, where you can walk the dog, and whether the sounds and smells are welcome or repugnant.

Take some drives around the area to familiarize yourself with where things are and decide whether you love it or loathe it. (Park every now and again to stretch your legs and look at the suburb from a new perspective.) 

Maybe being close to a golf course is a dream come true, or maybe you’d rather nestle closer to the street where the best restaurants in the area are clustered. Whatever the case, it’s best to figure it out before you’ve plopped down your (nonrefundable!) earnest money.

And if you can, try to stretch the week for a full seven days so you can experience the suburb on weekdays and weekends — after all, you’ll be living there all week, too. Maybe you’ll see plenty of families out and about on weekdays and practically nonexistent on weekends, for example, which might or might not align with your own schedule. If the suburb has any festivals or events, try to visit those, too, to get a feel for what the locals take pride in and how they celebrate.

Get the numbers

You might know that home values are rising all over the metro area, but understanding the historical price growth in your specific suburb of interest will give you a better idea as to whether the spot is ahead of or behind the typical trajectory — and what your sales opportunities might look like in a few years when you’re looking to move on.

Likewise, you probably want to investigate the rate of homeownership in any suburbs you’re considering. Homeowners tend to invest more in their properties than a landlord would, and suburbs with high rates of homeownership tend to be up-and-coming or well-established neighborhoods where you’re more likely to see healthy home price growth.
If you’re not sure where to find those numbers (especially reliable ones), talk to a local real estate professional.

Health & LifestyleHome Ownership October 9, 2018

Homeownership in Your Golden Years

Independent living is often cited as being good for one’s well-being, so it’s no surprise that aging in place has become so popular. Thankfully, many options in today’s housing market make it possible. 

Preparing for physical safety and financial security are the most immediate concerns that come to mind as we plan for aging in place. However, convenience and overall well-being should also be considered before deciding where to settle in. 

Here are three housing options to weigh as you or your loved ones plan for continued independence.

1. Renovate Your Current Home
Adding front entry ramps, bath bars, sit-in tubs and other safety features may make it physically possible to stay where you are. However, renovation costs can add up quickly, especially if they’re needed all at once. 

Home maintenance should also be factored in. Who will manage the upkeep if the property has multiple floors or a large yard?

2. Right-Size to a Manageable Floor Plan
Some may find it easier to purchase a home with barrier-free, universal design rather than deal with the stress of home renovations. Moving closer to family and friends can also help to prevent social isolation or depression.

3. Buy a New Home With Family Members
Floor plans for multigenerational homes are often designed with individual privacy in mind while allowing family to be nearby. Sharing home maintenance costs also minimizes living expenses. And this is an excellent way to help family members enter into homeownership. 

Aging in place requires thoughtful preparation. Get in touch today for a referral to a trusted financial adviser to begin this journey. You can also reach out if you’re interested in learning about your home’s value or finding a new property.

Interior Design September 25, 2018

Hottest Bathroom Trends for Any Budget

A bathroom remodel is one of the most rewarding projects you can undertake as a homeowner. When well-planned, it can improve your home’s aesthetics while adding convenience. And it usually offers a significant return when it comes time to sell.

Remodels don’t have to break the bank, either. With just a few hundred dollars and a little elbow grease, you can make a remarkable impact to your space — both in value and style. 

Not sure where to start on your bathroom remodel? Here are some of today’s hottest trends:

Bold Metal Fixtures 
Budget: Low 
Forget those old handles, faucets and drawer pulls that blend in. Today’s designers are making these small details stand out. Think bold brass, matte black or even rose gold. 

Modern Wallpaper 
Budget: Low 
Wallpaper is back — especially intricately illustrated designs and bright, bold patterns. It’s low-cost, easy to DIY and makes an immediate impression. 

Smart Tech 
Budget: Low to Medium 
Savvy consumers are using smart tech in their powder rooms for a touch of luxury. Some of the most popular features include autofilling bathtubs, voice-activated mirrors and sound systems, and LED-enhanced showerheads.

Exposed Concrete 
Budget: Medium 
Concrete floors, walls, counters and sinks are popular with celebrity designers and new homebuilders. They offer a minimalistic, contemporary look that goes with any color palette. 

Freestanding Tubs 
Budget: Medium to High 
Freestanding tubs may date to the Roman Empire, but they’re making a stylish comeback. Tuck one into a corner or under a skylight to create a beautiful focal point to relax in. 

If you’re interested in remodeling your home or if you want to learn more about the latest trends and how your home compares, get in touch for a local market report.

Buying September 18, 2018

What To Look For In An Indianapolis Luxury Home

Many homebuyers dream of owning a beautiful, modern, luxurious home decked out with all the best amenities. For those fortunate folks who are actually poised to purchase such a home, however, careful consideration is essential. That’s why I’ve laid out the following tips to help you find a luxury home that meets your needs as well as your desires.

BEGINNING YOUR SEARCH

Luxury home sellers often prefer to maintain a low profile. As a result, their homes may be unlisted or minimally advertised, making it difficult for you to find out when a luxury home becomes available for sale. Hiring an Hamilton County experienced agent, especially someone who has the requisite connections, can give you a huge advantage when trying to track down luxury homes on the market.

LOOKING FROM ABOVE

While seeing photos of a luxury home can give you a good idea of its architectural style and key features, you’ll want to do a bit more research before deciding to attend an open house or book a showing. Try typing the luxury listing’s address into Google Maps to access the Street View. This will help you get a better picture (literally) of the home’s plot, yard space, and overall landscaping. Not sure if a home has that in-ground pool you’ve always wanted? Google may show you if this home will fulfill that dream, even if the public listing details do not.

SMART TECHNOLOGIES

Considering the price tag, it should be a given that the luxury home you’re looking for will have modern flooring, fixtures, the most up-to-date appliances, and other features. To stay on the absolute cutting edge of home technology, you should choose a luxury home that also comes equipped with an automated control system. Smart home systems will allow you to adjust blinds, turn lights on and off, adjust the temperature, and more, all from your smartphone!

BATHROOM BASICS

A truly luxurious Hamilton County home will have a beautiful, high-tech bathroom. Popular features include high-end jet tubs that can shoot sounds waves through the water, and showers designed to mimc the rainforest or falling rain. Electronic control panels on such tubs and showers make adjusting temperatures and other settings a breeze.

To ensure you’re looking at only the truly luxurious Indianapolis homes, make sure to reach out to your local realty expert for advice and guidance on how to hunt for your dream home!

Buying September 11, 2018

Should you skip the starter house?

Gone are the days when a three-bedroom, two-bath starter home was the norm for first-time homebuyers. Today, many buyers are skipping that stage altogether and going straight for their dream homes. They’re buying bigger, more expensive properties with upgraded features, and they plan to live there for the long haul.

Not sure which type of property you should look for? Here are a few things to consider:

Why are you buying?
Are you mainly looking for a way to lower your monthly living expenses, or do you want a place to raise your kids and put down roots? Do you want this to be your only purchase, or are you willing to go through the process again in a few years?

What’s your budget? 
Can you buy your dream home with what you can currently afford, or would that stretch your budget too far? It’s crucial to consider how much you’ll need to save for a down payment and how large of a loan you can qualify for. Your credit score and the expected interest rate will also play a factor.

How long do you plan to stay? 
Do you plan to be in the area for a long time or is there a chance you’ll need to move for your career, family or another reason down the line? 

Is the market favorable? 
What is the current housing inventory, and will you be competing with other buyers? Favorable market conditions mean you’ll get more house for your money, making it an ideal time to purchase a forever home.

Get in touch today if you’re ready to buy a new home. If you’re unsure about a starter home or forever home for your family, we can discuss what options are available to meet your needs and long-term goals.

SellingThe Real Estate Business September 4, 2018

How To Market A Luxury Home In Indianapolis

Due to the limited quantity of both luxury homes and prospective luxury home buyers, marketing a luxury home in Hamilton County can be a challenge. Unlike marketing traditional homes, a luxury home requires that you target a very small, specific section of the home-buying population. Here are some tips and tricks for helping you do just that:

GO STEALTH MODE

Many sellers list their luxury homes in multiple listing service (MLS) databases, in national media listings, and in other very public spaces. However, marketing your luxury home in a private network first can help you attract only the most qualified of buyers. A local luxury real estate pro could help you tap into the most valuable markets and strategies for selling your home.

One idea for building such a network could be to host an event with your real estate agent so your affluent Hamilton County friends and community members can get familiar with the property. Should you decide to take the “stealth” approach to marketing your home, attending country club benefits and charity auctions could also help you build connections with potential buyers and spread the word subtly.

MAKE YOUR PROPERTY POP

Even with all of its amazing amenities, a luxury home can still fail to resonate with prospective buyers if it doesn’t have the proper staging and presentation. Curb appeal is essential, so make sure to get your landscaping in order before any prospects come to visit.

The interior of your home should not only be neat and tidy, but your furniture should be strategically arranged to optimize flow and highlight architectural features. If any furniture is damaged or out-of-date, consider renting new, modern furniture for when prospective buyers come to visit. Your trusted local agent can also be a great resource for helping you get everything in order and connecting you with any other professional Indianapolis stagers they recommend.

CONSIDER INCLUDING INCENTIVES

If you really want to see your Indianapolis luxury home move fast, think about including something of value to sweeten the deal. While you probably won’t be willing to throw in a shiny new sports car, adjusting your home sale to include things like artwork, high-end furniture/appliances, or other desirable items could provide the leverage you need for motivating a prospective buyer.

See these other selling tips for Indianapolis real estate, but don’t forget to contact a local realty pro to help you get started off with only the strongest marketing strategy for your luxury home!

Home FeaturesHome Ownership August 28, 2018

Could you use a detached living space?

Today’s homeowners and homebuyers love detached living spaces. These small stand-alone structures located on the property come with all sorts of benefits — from added room for storage and recreation to extra income.
They’re also easy and affordable to design and install. Starting at around $9,600, this additional square footage can deliver serious bang for your buck, as detached areas can serve as:

Private Rental Space: You can offer the unit on a vacation rental site or lease it to a full-time tenant to bring in some extra income year-round.

Individual Living Quarters: These separate units are perfect for multigenerational families. They can be used by college kids home for summer or elderly parents who need assistance but want privacy. They’re also ideal guest rooms for family and friends coming to visit.

Quiet Home Office: Private, quiet and separated from all the hustle and bustle of the main house, detached units make highly functional home offices for the self-employed entrepreneur or side hustler.

Creative or Leisure Room: Need somewhere to escape and relax? These units are your solution. Personalize them with an art studio, a cozy reading nook, a yoga space or whatever else helps you wind down.

Fun Kids’ Playroom: Give the kids a space of their own with a toy-filled playroom in the backyard. They’re perfect for late-night slumber parties and playing video games with friends.

If you’re interested in building a detached living space on your property, get in touch today for recommendations for local contractors and designers. Remember to also look into any municipal or HOA restrictions, as you may need permits before starting your build-out.

Want to learn more about the market’s latest real estate trends and how your house compares? Get in touch today.

 

BuyingThe Real Estate Business August 14, 2018

Hire an Agent When Building a House

Many homebuyers think they don’t need to hire an agent when building a new home. After all, you’re buying directly from the builder and they already have contractors, lenders and inspectors. Why should someone else be brought into the mix?
The truth is, buying any home without an agent can be a costly mistake. It can mean paying more than you should, missed opportunities for upgrades, contract errors that aren’t in your favor or a delayed closing.

Thinking of buying a new construction home? Here are three reasons to have an agent on your side before visiting the sales office:

1. Expert Negotiation: While their advertising would have you believe otherwise, builder’s prices aren’t always set in stone. Agents are skilled negotiators who can likely get the price dropped slightly or have a few upgrades thrown in.

2. Preferred Vendors: Your builder might have an affiliate mortgage lender or title company, but chances are they aren’t going to offer the best deal. It’s important to shop around, and what’s better than a vendor your agent already knows and trusts?

3. Guidance and Support: The homebuying process can be complicated, with lots of twists, turns and steps along the way. When buying new construction, you also have design reviews, electrical work and other construction needs. An agent can guide you through all of these, making sure your purchase stays on track, on time and on budget from start to finish.

It’s important to note that while you may be working with an agent or representative from the builder, they may not have your best interests at heart. Enlisting your own trusted agent can give you an advocate from the very first meeting to closing day.

 

Are you interested in buying a new construction home? Get in touch today for more info about builders in the area.

 

Selling August 14, 2018

Preparing To Sell

Selling your home doesn′t just mean hiring a realtor to stick a sign out front. There are a lot of preparations you should make to ensure you get the best offer possible in the shortest time.

Repair. Just because you’ve gotten used to the cracks in the walls and the rattles in the radiators doesn’t mean a buyer will too. If you have hardwood floors that need refinishing, be sure to get it done—hardwood is a huge selling point. Buyers like to snoop around, so be sure to fix any sticky doors or drawers as well. Finally, don’t forget to address any issues with the exterior—fences, shingles, sidewalks, etc. After all, without curb appeal, some buyers may never get to see the inside.

Neutralize. You want buyers to see themselves in your home. If your living room has lime green shag, wood-paneled walls, and all your collectibles and personal photographs, this will be much harder for them to do. Try replacing any bold color choices in your floors and walls with something more neutral—beiges, tans, and whites. Repainting and reflooring will make everything look fresh and new, and help prospective buyers imagine all the possibilities.

Stage. Once your house is clean and updated, it’s time to play dress up. Home stagers can add small details and décor touches that will bring out the possibilities in the various spaces in your home: lamps, mirrors, throw rugs and pillows, flowers, decorative soaps and towels, patio furniture. Home staging can be particularly useful if your home is especially old or if the exterior looks dated. Think of it as a little mascara and rouge—if it’s done right, you notice the beauty, not the makeup.

BuyingMoving & Relocation August 14, 2018

Relocating To The Big City

Moving from a small town or suburb to a large city can be an intimidating proposition. Here are a few tips to help make your move as painless as possible.

Research before you move. It’s important to understand the culture you’re joining. Do research online and find out about school systems, neighborhoods, parking, weather, public transportation, and laws that are native to that area. If you can, visit a city before moving and connect with someone who’s lived there before.

Have a plan. There are a lot of steps to go through before you start packing the moving truck. Find housing before you leave, or at least know where you’ll stay while you look for a home. Never sign a lease on an apartment that you haven’t seen. If you can’t get there, find a friend or an employer to check for you. Have a job waiting for you, or if that’s not possible, know what you’ll do for money in the first few weeks of living there. Try to line up things like driver’s licenses, car insurance, renter’s insurance, and parking passes ahead of time as well.

Get involved. Meeting people in a big city can be daunting. Don’t expect the neighbors to knock your door down with a casserole when you arrive: city life is often too noisy and hectic. Take the initiative. If there are things you liked to do in your town, find ways to do those things in the city. Try new things. Volunteer. Big cities offer so many opportunities to engage other people, so find what you like.

Mind your wallet. City life is expensive. Everything costs more: food, insurance, clothes, rent. There are also a lot more ways to get ripped off, whether legally or criminally. Be careful how you spend, and know where your money is going.