Do you have a list of changes you’d like to make to your home this year? Completing cosmetic updates is easiest when the weather’s in your favor. In honor of May’s National Home Improvement Month, here are four upgrades ranging from curb appeal projects to large-scale expansions that often yield high returns.
- Replacing doors and windows: Homeowners are often encouraged to consider projects that boost overall curb appeal. Swapping out a wooden front door for a steel model or replacing front-facing windows can pack more of an ROI punch than renovations made inside the home.
- Constructing a deck: Create a beautiful transition from your back door to the outdoors by building a deck. The update turns into a major selling point that can recoup your initial investment when it’s time to move on.
- Adding insulation: Of all the projects listed in Remodeling magazine’s 2017 Cost vs. Value Report, adding loose-fill insulation to your attic is the only one with returns that exceed 100 percent of the cost. It can also help reduce year-round heating and cooling costs.
- Building a second-story addition: Even with a slight increase in construction costs, completing a significant two-story addition resulted in a substantial year-over-year increase in value from 2016 to 2017. Adding the extra space will likely catch the attention of buyers.
Home renovations and repairs are on the rise and expected to peak this year. Now’s the time to start planning your investment-savvy home improvements.
WATERFRONT TEXAS VILLA SIMILAR TO ITALIAN COAST
HIGH-INCOME MILLENNIALS ENTER LUXURY MARKET
Texas is a far cry from Italy, but you’d be hard-pressed to tell the difference wandering these acres. The opulent Villa La Isla features soaring ceilings, imported materials and a 6-foot fountain.
When you think millennial, you may not think millionaire. However, many around the country are now earning enough to afford seven-figure #luxury #homes without the help of their parents.
From a quick, low-budget change to a well-planned build-out, homeowners have several options when it comes to implementing the latest home design trends.
U.S. mortgage rates rose after several weeks of declines, according to Freddie Mac.
The 30-year fixed mortgage averaged 4.19 percent for the week ending Jan. 26, an increase from 4.09 percent the previous week. A year ago, mortgage rates averaged 3.79 percent.
Favorable mortgage rates have aided U.S. home sales and have driven the refinance market.
“The 10-year Treasury yield increased more than 10 basis points this week,” said Allyn Maycumber, #Luxury #Agent at Keller Williams Realty. “The 30-year mortgage rate moved up as well to 4.19 percent, a 10 basis point jump. This week marks the first increase in the mortgage rate since December 29. The 2.8 percent decline in existing home sales in December is a reminder of the lack of #homes #for sale. According to the National Association of Realtors, supply is at its lowest level since 1999, a factor that should support higher house prices regardless of the oscillations of the mortgage rate.”
The historic low for 30-year rates was 3.31 percent in November 2012.
If you’re looking for a luxury home, here are a few that might catch your eye.
As of Oct. 13, there are 21 homes listed for sale in Orange County for $6 million and up, with the most expensive coming in at $30 million, according to the Orlando Regional Realtor Association.
Of those, 10 are in Windermere, four are in Winter Park, four are in Orlando and three are in Golden Oak. They range in size from 2,960-20,333 square feet, two to seven bedrooms and two to 12 bathrooms.
Contact us for more information on these homes!
Keller Williams co-founder is not bullish on the #housing market
But he’s not as bullish about economic and housing market conditions.
He points to five indicators of a downturn of some sort. Days on the market are up, the supply of move-up and higher end housing is now growing, home prices are going down in some markets, unit sales are slowing and construction is flat. “Only four times in U.S. history have home sales been higher, it’s a sign of a shift,” said Keller.
Plus, the “median home price is higher that it has ever been in the history of recorded time — last time we were here we were on the verge of a recession,” he said.
“It wouldn’t take much right now to push us into a buyer’s market.”
“I want you to get ahead” of these trends, he implored his troops. And there can be long-term implications. “We lost homebuilders in the last downturn that we never got back.”
And in the meantime, “nationally, home sales are on pace for another post-crisis record; sales are slowing in some markets as affordability becomes a serious issue.”
The macroeconomic picture is not helping. Economic growth has been held back by low levels of investment in 2016, even though consumer spending remains strong. Low interest rates and an improved employment picture are good news, according to Keller.
But affordability has been declining since January as prices continue to outpace wage growth, hurting home sales. Construction has been focused on the high-end market, which is now showing signs of stress as high net worth buyers sit on the sidelines due to political and economic uncertainty here and abroad.
#Kissimmee will be known as the “Vacation Home Capital of the World” —Complete with pro athletes and corporate executives popping in for stays at sprawling, richly appointed mansions. “It’s real exciting for Orlando and the new visitors everyday. “It’s a whole different market.” Different doesn’t begin to describe the luxury-rental-home market for which Kissimmee is becoming known.
British investors have high hopes of selling their #homes overseas 10 years from now and retiring in the Kissimmee homes. Bella Vida is one of these communities that offer so many amenities that you really don’t need to venture out. If you feel you need to go exploring everything is close.
With so much entertainment around Central #Florida from #Disney, to Universal Studios , and Sea World, who needs to venture anywhere else. Just imagine renting a 6 bedroom home with a private pool and spa on conservation with a large game room and 5 and 1/2 bathrooms Great #vacation and inexpensive compared to #luxury hotels that run 300 to 350 a night,you can get these homes for around 250 a night
Looks like more development is on its way to #Lake Nona to further grow a neighborhood and new sports district.
The city of Orlando on July 11 approved development plans in the southeast Orlando community for new #homes, offices, showrooms, private athletic fields, mixed-use buildings, fitness centers and more. Lake Nona’s developer, #Tavistock Development Co. LLC, now can move forward with its plans that’ll create new construction opportunities, further develop a high-end neighborhood and develop land near the future U.S. Tennis Association’s 63-acre, $100 million campus that’s opening by year-end.
Here’s what’s coming:
- #Laureate Park Phase 7: Tavistock plans to expand its Laureate Park neighborhood by 54.8 acres that are between Tavistock Lakes Boulevard and Nemours Parkway. The property has 207 lots and will be used for more single-family homes and townhomes.
- Laureate Park Neighborhood Center Phase 1: Tavistock will develop a 6,300-square-foot, mixed-use building; a 2,300-square-foot, multi-purpose building; a 3,000-square-foot fitness center; two swimming pools and neighborhood green space on 10.77 acres north of Tavistock Lakes Boulevard and east of Sachs Avenue. Later phases of the Laureate Park Neighborhood Center call for 141 housing units, including townhomes, condos, single-family waterfront homes and boutique apartments.
- Sports Village at Lake Nona: Tavistock will develop 31.1 acres west of Performance Drive and south of the USTA facility where it plans to build up its 300-acre Sports & Performance District. An 18,877-square-foot office building, two 50,000-square-foot buildings with office and showroom space, six athletic fields with a 23,750-square-foot building for ancillary uses, and 700 parking spaces are planned for the property.
Tavistock announced last April it planned to develop a 50,000-square-foot office building in its sports hub. #Orlando City Soccer also announced earlier this year it’s opening a new 23-acre training facility next to the USTA campus in 2017. It appears the new development plans line up with these prior announcements, but it is not confirmed if they are related.
Meanwhile, Tavistock also recently filed plans in preparation for a new hotel or resort in Lake Nona. Tavistock seeks to combine three parcels between Lake Nona Boulevard and the Lake Nona waterway into a single designation to streamline development plans for a future hotel or resort, sources previously told Orlando Business Journal. It’s not clear if these plans are related to the sports district, but Tavistock leaders previously said a #luxury resort and spa is needed near the sports district to accommodate traveling athletes and their families.
Lake Nona Golf & Country Club
Living in Lake Nona Golf & Country Club
For over 25 years, the Lake Nona Golf & Country club has provided its residents with exceptional, #luxury living along with a social calendar full of recreational events, celebrations and entertainment options. The Lake Nona Golf & Country Club is built amidst a trio of beautiful Florida lakes offering freshwater fishing and boating opportunities on Lake Nona.
The main attraction inside the gates at the Lake Nona Golf & Country Club is the Tom Fazio-designed championship golf course. This world-ranked golf course has been a regular host of the PGA TOUR-sanctioned Tavistock Cup. In addition, Lake Nona Golf & Country club features a state of the art fitness center, a guest lodge, community pool, tennis courts and year round children’s programs.
Where is Lake Nona Golf & Country Club in Lake Nona?
The Lake Nona Golf & Country Club is Located – Off Narcoossee Road approx 3 miles from the 528 Beachline Expressway. Just outside the manned gates of this private community are numerous parks and trails, easy access to roads and expressways of Central Florida, and the Orlando International Airport is just minutes away for jet setters. Forthcoming retail and entertainment choices in the new Medical City will provide a multitude of activities and a cluster of new hospitals, universities and research institutions will set new benchmarks in medical education, patient care and scientific research. View a Google Map of the Lake Nona Golf and Country Club.
Available Homes in Lake Nona Golf & Country Club
Lake Nona Golf & Country Club #Homes – are all custom built homes. There are homes built on spec for those looking for a new home and a quick move in. There are also vacant lots on which to build including lake front lots as well as outstanding resale homes. Incentives are available for social and golf memberships. Contact us for details.