Real Estate trends
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Real estate trends are the same as with any other possession, whether it's clothing,
computers or cars,
there are trends in real estate that come and go. These trends
eventually and inevitably make their way down through the levels of home
ownership, and mark a property as "undoubtedly hot" or "undoubtedly
not." Take a look at properties in your area as well as the recent trends
to ensure the selling of your property.
As you might have noticed swimming pools are not as
hot anymore as in the past. More
home buyers today are looking for a spacious backyard instead of a pool (or in
some cases a splash pool) that only takes up useful space. Although It makes it
suitable for a certain type of buyer - and the right buyer may
very well pay extra for it, more home buyers are looking for garden space to put
up jungle-gyms and basketball hoops.
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Believe it or not, but yet another trend that is suddenly disappearing from the market is
the age-old trend of bay windows. These high-maintenance
windows, while beautiful from both inside and out, can be a
negative on today's house market. This doesn't mean having one will
lower your property value, but ask around for advice before you install it in
your home.
Obviously the more glass in a window,
the more likely it is to break, be broken into, and leak warm
air during the cold months. If you have a bay window, make sure
it's properly sealed and has good insulation, and try to plate
it with the heaviest glass you can afford.
Another "trend" on its way out (if it can be called a trend) is
carpeting. All over home owners today are conscious of the fact that
carpet styles come and go, but wood floors will always remain.
Carpeted rooms require more maintenance than wood floors, and cost
more money; a carpet wears out and goes out of style much more
quickly than a wood floor (and that's a fact).
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TODAY'S NEWS:
Nov. 20 (Bloomberg) -- Sama Dubai, a real-estate developer owned by Dubai's ruler, is reviewing its projects as the global financial crisis squeezes credit facilities and slows the regional property market.
NEW YORK -- Investor William Ackman offered some tweaks Wednesday to his plan aimed at increasing the value of Target Corp., saying as much as 20 percent of the real estate investment trust he was pushing for could be spun off in an initial public offering.
Nov. 20 (Bloomberg) -- United Arab Emirates' shares fell after mortgage lender Amlak Finance PJSC said it isn't granting new home loans, further undermining investor confidence in the region's real-estate market. Omani shares advanced.
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If you have carpets in
your house and are thinking of installing wood floors for the sake of higher
property value, it can be a tremendous expense. In that case, the
wise home seller may simply choose to re-carpet. If you go this
direction, make sure to pick a durable carpet that wears well and also
have a lasting effect in your home.
Ensure that whether you're buying, selling, or building, the best advice is
to keep an eye open for what's popular today, and use those
trends as starting points when it comes to making decisions
about your house. Because each property has its own style and every homeowner
has his own preference it comes down to what makes the house comfortable
to live in. |
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