Thursday, September 21, 2023 / by April O'Brien
The real estate market is ever-changing, and staying informed about its future trends is crucial for both Delaware and Pennsylvania area buyers and sellers. The recent Home Price Expectation Survey (HPES) from Pulsenomics offers valuable insights into what we can expect. Below, we’ll break down the key points from the study to give you a clear understanding of the projections.
Let’s first begin by taking an overview of the current real estate market which is experiencing low inventory, high demand, and rising mortgage rates. These factors have contributed to significant price appreciation in recent years.
Several housing market experts were surveyed to gather their insights on the future of home prices. The consensus among these experts is that home prices will continue to rise over the next five years, although at a slower pace compared to recent years.
Moderate Price Growth
While home prices are projected to increase, the rate of growth is expectedk ...
Thursday, September 7, 2023 / by April O'Brien
Your Delaware and Pennsylvania home equity is a valuable asset that can be used for numerous financial opportunities. Whether you’re looking to enhance your home, fund major expenses, or invest in your future, your home equity can play a major role in achieving your goals.
Below, let’s explore four smart ways you can use your home equity to your advantage:
Home Renovations and Improvements
Leveraging your Delaware or Pennsylvania home equity to fund renovations and improvements is a strategic move. By reinvesting in your DE or PA property, you can increase its value and enhance your living experience. From a kitchen remodel to a bathroom upgrade, using your home equity ensures that you boost your home’s resale value without tapping into your own personal accounts.
If you have multiple high-interest debts, such as credit card balances or personal loans, using your home equity to consolidate them can be wise. By taking out a home equity loan or ak ...
Thursday, August 24, 2023 / by April O'Brien
As the summer days begin to fade, the impending arrival of fall brings with it the perfect opportunity to prepare your Delaware and Pennsylvania home for the cozier months ahead. Whether you’re a seasoned DIY enthusiast or just looking for some productive ways to spend your weekends, here are five home projects to complete before the fall season arrives.
Gutter Maintenance and Cleaning
Fall often brings an abundance of leaves and yard debris, which can quickly clog your gutters and downspouts. Before the rainy season hits, take the time to clean out your gutters and ensure they’re functioning properly. This will prevent water damage to your home’s foundation and keep your drainage system working efficiently.
Exterior Caulking and Sealing
Inspect the exterior of your home for any cracks, gaps, or areas that might need sealing. Properly sealing gaps around windows, doors, and other openings will help keep warm air in and cold air out during the fall and winter monthk ...
Thursday, August 10, 2023 / by April O'Brien
Owning a home in Delaware or Pennsylvania is not just a symbol of stability and security; it can also be a powerful wealth-building tool. While the upfront costs of purchasing a property might seem daunting, the long-term benefits far outweigh the initial investment.
As your local real estate experts, we’re sharing below how homeownership can pave the way for financial stability:
One of the most significant advantages of owning a home is the potential for property appreciation. Over time, real estate tends to appreciate in value, meaning your property’s worth is likely to increase. While market fluctuations occur, history has shown that real estate tends to appreciate over the long haul. This appreciation can significantly boost your net worth, allowing you to tap into substantial profits when it’s time to sell.
As you make mortgage payments each month, you are steadily building equity in your Delaware or Pennsylvania home. Equity is k ...
Wednesday, July 26, 2023 / by April O'Brien
Downsizing is a popular choice for homeowners when they experience a change like retirement, an empty nest, or simply due to lifestyle. However, with inflation still high, downsizing to a new home in Delaware or Pennsylvania may help you significantly reduce costs as well. Let’s explore some of the surprising advantages of downsizing:
One of the most significant benefits of downsizing is the potential for cost savings. Smaller homes typically come with lower mortgages, reduced property taxes, and decreased utility bills. With fewer financial burdens, homeowners in Delaware and Pennsylvania can enjoy increased financial freedom, allowing them to invest in experiences, travel, or other personal goals.
A smaller home means less space to maintain and clean, reducing the time and effort required for household chores. This time can be redirected towards pursuing hobbies, spending quality time with loved ones, or simply relaxing and enjoying life. ...