3 Florida cities in top 10 for Increase in Millennial Residents

January 31, 2018
ORLANDO, Fla. – Jan. 30, 2018 – Millennials make up a quarter of the nation’s population and are expected to have a huge influence over real estate in the coming years. But though the millennial population increased 4.7 percent between 2010 and 2015, according to Census data, the growth has not occurred evenly across geographic areas.

Cities with the highest growth in millennial population from 2010 to 2015

  • Colorado Springs: 14.7 percent growth
  • San Antonio: 14.4 percent
  • Denver: 12.8 percent
  • Orlando, Fla.: 12.7 percent
  • Honolulu: 12.2 percent
  • Austin: 11.8 percent
  • Cape Coral, Fla.: 11.7 percent
  • Houston: 11.7 percent
  • Sarasota, Fla.: 11.1 percent
  • Seattle: 10.8 percent

Cities with the highest share of millennials as of 2015

  • Provo-Orem, Utah: 30.4 percent
  • Austin, Texas: 27.2 percent
  • San Diego: 27 percent
  • Virginia Beach, Va.: 26.9 percent
  • Madison, Wis.: 26.8 percent
  • Colorado Springs, Colo.: 26.4 percent
  • Bakersfield, Calif.: 26.3 percent
  • Honolulu: 26.3 percent
  • Salt Lake City: 26.2 percent

The U.S. cities with the lowest increases in millennial populations are Birmingham, Ala. (–0.6 percent); Chicago (0.2 percent); Toledo, Ohio (0.5 percent); and St. Louis (0.9 percent).

Source: “Here’s Where Millennials Are Moving,” Curbed.com (Jan. 26, 2018)

© Copyright 2018 INFORMATION INC., Bethesda, MD (301) 215-4688


Home Improvement: Cost vs. Value

January 19, 2018

Nationally, when it comes to renovation ROI, curb appeal still wins out. Here are the top five projects with the greatest ROI in the report’s “midrange” cost category:

Manufactured Stone Veneer (97.1% ROI)

  • Average Cost: $8,221
  • Average Resale Value: $7,986

Entry Door Replacement (Steel) (91.3% ROI)

  • Average Cost: $1,471
  • Average Resale Value: $1,344

Deck Addition (Wood) (82.8% ROI)

  • Average Cost: $10,950
  • Average Resale Value: $9,065

Minor Kitchen Remodel (81.1% ROI)

  • Average Cost: $21,198
  • Average Resale Value: $17,193

Siding Replacement (76.7% ROI)

  • Average Cost: $15,072
  • Average Resale Value: $11,554

The top five projects with the greatest ROI in the report’s “upscale” cost category are:

Garage Door Replacement (98.3% ROI)

  • Average Cost: $3,470
  • Average Resale Value: $3,411

Window Replacement (Vinyl) (74.3% ROI)

  • Average Cost: $15,955
  • Average Resale Value: $11,855

Window Replacement (Wood) (69.5% ROI)

  • Average Cost: $19,391
  • Average Resale Value: $13,468

Grand Entrance (Fiberglass) (67.6% ROI)

  • Average Cost: $8,591
  • Average Resale Value: $5,809

Bathroom Remodel (56.2% ROI)

  • Average Cost: $61,662
  • Average Resale Value: $34,633

Nationally—and on the complete other end of the spectrum—here are the five projects with the lowest ROI in the “midrange” cost category:

Backyard Patio (47.6% ROI)

  • Average Cost: $54,130
  • Average Resale Value: $25,769

Master Suite Addition (56.6% ROI)

  • Average Cost: $123,420
  • Average Resale Value: $69,807

Major Kitchen Remodel (59% ROI)

  • Average Cost: $63,829
  • Average Resale Value: $37,637

Bathroom Addition (59.9% ROI)

  • Average Cost: $44,717
  • Average Resale Value: $26,769

Deck Addition (Composite) (63.6% ROI)

  • Average Cost: $17,668
  • Average Resale Value: $11,239

The five projects with the lowest ROI in the “upscale” cost category are:

Master Suite Addition (48.3% ROI)

  • Average Cost: $256,229
  • Average Resale Value: $123,797

Major Kitchen Remodel (53.5% ROI)

  • Average Cost: $125,721
  • Average Resale Value: $67,212

Bathroom Addition (54.6% ROI)

  • Average Cost: $83,869
  • Average Resale Value: $45,752

Bathroom Remodel (56.2% ROI)

  • Average Cost: $61,662
  • Average Resale Value: $34,633

Grand Entrance (Fiberglass) (67.6% ROI)

  • Average Cost: $8,591
  • Average Resale Value: $5,809

The 2018 Cost vs. Value Report compares, across 149 markets, the average cost of 21 popular remodeling projects with their average value at resale one year later. Average resale value is calculated based on estimates provided by real estate professionals. View the full report, including project descriptions and city-level data, by clicking the link below.

http://www.remodeling.hw.net/cost-vs-value/2018/


Celebration is a Walkable Town

January 4, 2018

Millennials are not the only generation preferring proximity to restaurants and retail.

Americans born between the mid-1920s up until 1945—the “Silent Generation”—are also on the lookout for walkability. Fifty-five percent of members of the Silent Generation recently surveyed by the National Association of REALTORS® (NAR) favor neighborhoods close for commuting and/or walkability—not far off from the 62 percent of millennials surveyed who prefer the same. Both generations would live in an apartment or townhouse if it meant a closer commute and/or walkability, according to findings from the survey. Fifty-one percent of all of the adults surveyed, regardless of generation, believe quality of life is impacted by walkability.

The generations between millennials and the Silent Generation, however—baby boomers and Generation X—are partial to the suburbs. Fifty-five percent of both boomers and Gen Xers are okay with the trade-off: driving to establishments, recreation and work for a single-family home.

There are age- and gender-based interests, as well. When buying a home, younger women look for public transit and walkability more so than younger men, but both younger men and younger women seek short commute times, according to the survey.

All told, 60 percent of all of the adults surveyed would rather reside in a single-family home. Another 60 percent, though, would spend more to live in an area with greater walkability. The majority of adults with children (another 60 percent, still) are interested in the acreage and square footage of the suburbs.

Infrastructure plays a role, according to the survey. Eighty-six percent of all of the adults surveyed perceive sidewalks positively, and 73 percent believe road maintenance and repair is important.

“REALTORS® understand that when people buy a home, they are not just looking at the house; they are looking at the neighborhood and the community,” says NAR President Elizabeth Mendenhall. “While the idea of the ‘perfect neighborhood’ is different for every homeowner, more Americans are expressing a desire to live in communities with access to public transit, shorter commutes and greater walkability.”

Helping the movement are real estate professionals, Mendenhall says.

“REALTORS® work tirelessly at improving their communities through smart growth initiatives that help transform public spaces into these walkable community centers.”


8 Factors that Enhance a Home’s Value

January 2, 2018

8 Factors to Enhance Home Value


Owning beats Renting in Florida

July 28, 2017

LOS ANGELES – July 27, 2017 – Arizona, Nevada and Washington, D.C. are among the 11 states where it’s more affordable to rent than it is to buy a home. But owning a home still beats renting in Florida, according to a study by website GOBankingRates.

GoBankingRates surveyed all 50 states and the District of Columbia, and identified which states are best for buying a home and which are better suited for renting. For the cost of owning, the study assumed a 20-percent downpayment on a 30-year fixed loan.

In Florida, homeowners have the advantage. They GOBankingRates study found that the average monthly rent of $1,543 is $167 higher than the cost of an average monthly mortgage of $1,376. The difference amounts to about $2,000 per year that the average Florida family would save by owning rather than renting, though actual savings would differ by metro area and other variables.

 


Sink Hole Concern?

July 1, 2017

Are you wondering if there are any sink holes near your home?

A great site to check out the History of Sink Holes and other Natural Catastrophies in the vicinity of your home can be accessed by clicking this link:

http://www.plotscan.com

Celebration is Sink Hole Free!!


Windsor at Celebration

June 2, 2017
Office Located at 715 Bloom St., #140
Celebration
Developer/Owner Big Rock Partners announced that preleasing of its 239 independent living, assisted living and memory care residences began on June 1st.
Windsor at Celebration is on track to open in Spring, 2018.
Resort-style amenities will consist of the building’s rooftop sky bar to enjoy views of Disney fireworks nightly and first-run movies in the community’s state-of-the-art, stadium style Screening Room.
As a rental alternative to traditional continuing care retirement communities, Windsor at Celebration does not require an up-front entrance fee.
Life Care Services, an LSC Company, is manager of the new community.
Designed by global architectural firm Gensler, the community’s plan promotes an engaged lifestyle and offers an array of choices for dining and entertainment.