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Homeownership Builds Wealth & Offers Stability

by Desi Sowers

 

 

 

 

 

 

 

 

 

 

 

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

  1. They want the opportunity to build equity.
  2. They want a stable and safe environment.

Building Equity

John Taylor, CEO of the National Community Reinvestment Coalitionexplains that those who lack the opportunity to become homeowners have a weakened ability to reinvest their wealth:

“We traditionally have been huge supporters of homeownership. We see it as a way to provide stability for households but also as an asset-building strategy. If you continue to be a renter, locked out of the homeownership arena, increasingly those things are further and further out of reach. They’re joined at the hip. They perpetuate each other.” 

Family Stability

Does owning your home really create a more stable environment for your family?

survey of property managers conducted by rent.com disclosed two reasons tenants should feel less stable with their housing situation:

  • 68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
  • 53% of property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know.

We can see from these survey results that renting will provide anything but a stable environment in the near future. 

Bottom Line

Homeowners enjoy a more stable environment and at the same time are given the opportunity to build their family’s net worth.

by The KCM Crew on July 12, 2016 in For Buyers

 

View the Tour

Welcome home to 10 Camellia Lane situated in the popular New River Village with easy access to all parts of the New River Valley. Four bedrooms, three full bathrooms, new carpet, new heat pump soothing ceiling fans, neutral paint colors, full appliance package including the washer and dryer are awaiting the lucky buyers of this spacious home. Come on in but please slip your shoes off or use the shoe covers. An inviting open main level living floorplan boasts vaulted ceilings and abundance of natural light is sure to impress. A cheerful kitchen features ample cabinet and counter space including side bar for serving. Slip out on the deck enjoy the lovely views overlooking the fully fenced backyard; one could happily linger here all day! Main level master suite with private bath plus there is an additional two main level bedrooms and two full bathrooms allowing for a soothing nights rest and plenty of privacy. Awesome lower lever offers a family room, laundry room, bedroom and full bathroom perfect for overnight guests and recreational fun. One car garage is ideal for storage. Come on over and make this home yours!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Christiansburg VA home is just steps to shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.  

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

 

New River Valley VA Real Estate

4985 Cove View Road Pulaski VA 24301

MLS#323850

$649,900

View The Floor Plans

Imagine slipping away from the hustle and bustle to a quiet lakeside retreat where the worries of the world melt away. Picturesque is only the beginning of this desirable Claytor Lake location with a level ½ acre lot, no steps to the water, 189’ of water frontage and panoramic lake views. A private escape to ski, tube, fish, take a scenic cruise or simply sit quietly and enjoy sweeping lake views. The sun drenched open living and dining area will certainly be a favorite gathering place with hardwood floors, stone gas fireplace, beamed ceilings and big window views. A delicious kitchen is ideal for multiple cooks with granite counters, custom cabinets, tiled backsplash, butlers pantry with sink, serving bar and an island. The family room and an amazing connecting screened porch overlook the lush lawn and lake, perfect for casual lake front entertaining. A dreamy main level master suite offers deck access and a pampering bath including a soaking tub, walk in shower, dual vanities and tile. Three soothing upper level bedrooms, two with private balconies!  Slip on down to the waterfront dock with boat lift and upper level deck, one could happily linger all day long. Quality landscaping, large mature trees and open grassy areas on a sprawling lake front offers plenty of room for sun, play and entertainment. A double attached garage plus a single boat storage garage by the lake offers plenty of space for your recreational toys. Ideal for year round vacations or easy access to Virginia Tech events this Claytor Lake home is perfect for investment, personal use or year round living. Schedule a showing today – this is an exceptional home where you can create the most treasured memories for your family!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Claytor Lake home is just steps to shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.  

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

Real Estate: 2016 Will Be the Best Year in a Decade

by Desi Sowers

A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.”

Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the best year that the real estate industry has seen in a decade. In their March Housing Outlook Report, Freddie Mac explained:

“Despite the challenges facing the housing market, we expect this to be the best year for housing in a decade. Home sales, housing starts, and house prices will reach their highest level since 2006 according to our latest forecast…Challenges remain, with low housing supply and declining affordability being a key concern in many markets, but on balance, the housing markets in the U.S. are poised for the best year since 2006.”

The key indicators that have given Freddie Mac such a positive outlook are:

  • Low interest rates
  • A resilient labor market
  • An increase in household formations
  • A projected increase in newly constructed homes

Bottom Line

2016 looks to be shaping up as a great year for residential real estate. Whether you are thinking of buying or selling, now may be the time to sit down with a real estate professional to discuss the new opportunities that are arising.

 
 
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Sprawling light filled living wrapped around serene pasture views, this cul-de-sac home in Cloverlea is a must see. Offering comfortable everyday living with 4 bedrooms, 3.5 baths, finished basement, a stone and vinyl exterior, hardwood floors, tiled floors, vaulted ceilings, storm doors and windows, tankless hot water heater, full kitchen appliance package, pantry, over a ½ acre lot and a double attached garage! Elegant formal dining plus an eat in kitchen with breakfast bar all overlooking long range mountain views. A dreamy master bedroom with office space, luxury bath including spa tub, walk in shower, dual vanities and walk-in closets. Wow walk out finished basement is a thriving place to entertain or just hanging out with the family. Offering a family room, kitchenette, full bath, bedroom, kids play area and easy access to the outdoors you are sure to be impressed. Slip out to backdoor and toast your toes by the outdoor fireplace or just relish in the serene pasture views. Pack your bags and come on over you are sure to enjoy the Cloverlea community with green space and walking areas. View The Floor Plan!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Pulaski VA home is just steps to shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

View the Tour

The ultimate Blacksburg VA location 101 Alleghany Street a family friendly home on over a half acre gorgeous lot is ready to sweep you away.  Quality features include a covered porch overlooking a serene setting, light filled living areas, ceiling fans, hardwood floors, plantation shutters, a delightful color palette, walk-in closets, hardwood floors, a floored attic and a double attached garage. Sprawling living areas including a formal living and dining room plus a family room that is just bursting with ambience. A bright and airy kitchen offers an abundance of cabinet and counter space, a full complement of appliances plus a charming dining area. Huge upper level bedrooms including a master suite with spa inspired bath are ready for move-in. Super-sized laundry room with cabinets is sure make this chore a snap. Nestle in a park-like setting just blocks to thriving downtown Blacksburg VA! Run don’t walk this home will not last long!

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Blacksburg VA home is just steps to shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.


 

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Welcome home to 2861 Spring House Road a fabulous find for first time home buyers or investors. Come on over, add your personal touches to this ranch home with hardwood floors and light filled rooms the possibilities are endless. A spacious eat-in kitchen with electric range and refrigerator offers plenty of options for remodeling. The laundry closet comes complete with full size washer and dryer. Three generously sized bedrooms and great closet space. A beautiful lot with mature trees is ideal for outdoor entertaining and the possibility of expansion.

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Christiansburg VA home is just steps to  shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

 

View the Tour

Welcome home to 6696 Bradley Road nestled on a large flat lot with beautiful views. Quality features include hardwood floors, tiled floors, new granite, newer Stainless appliances, newer roof, ceiling fans and big window views. An inviting front porch sets the scene for comfortable living areas including formal dining, living room and a large family room. Beautifully updated kitchen with ample cabinet and counter space, a French door refrigerator, smooth top range and tiled backsplash will certainly please the cook. Four soothing bedrooms and three full bathrooms including a private master suite offer plenty of room for family and guests. A side entry to a mud room makes this the perfect drop zone. An oversized two car garage offers plenty of storage. Let the peacefulness sweep you away on the extensive decking overlooking a lush lawn and mature trees. Come on over we are sure you will want to stay.

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Radford VA home is just steps to shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

View the Tour

Welcome to Senneca Springs builders personal home with all the bells and whistles! Featuring easy care tiled flooring, granite counters, glazed cabinets  and stainless appliances in the kitchen, 9 ft ceilings on main and upper level, recessed lighting and ceiling fans throughout home, an Energy efficient Pex Manifold Water Supply System and two car garage. Gorgeous open floor plan offers comfort with a living, kitchen and dining room combination plus a home office. Four upper level bedrooms plus a bonus room on the upper level offers great flex space. Relaxing outdoor living features quality landscaping with stone retaining wall, large patio, fenced yard and a covered porch. The neighborhood HOA features lawn maintenance, snow removal, playground, walking trail, pond, picnic shelter, common areas maintained. Only 7 minutes from Blacksburg, with the charm of country living and a small town feel, yet within close proximity to major employment centers, shopping and recreation.

You don’t have to just visit; you can live here and enjoy Virginia’s growing economy and vacation-like lifestyle! With easy access to I-81 you can appreciate a prime example of why New River Valley VA is such a desired place to live and play. This Christiansburg VA home is just steps to shopping, nightlife, VA Tech and recreational activities.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale.  

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move.

12 Simple Home Repairs to Lift You Out of Winter’s Funk

by Desi Sowers

home-repair-jobs-winter-talc-squeaky-floor_9d6d88a9d3591085405678a30f441441_3x2_jpg_600x400_q85Accomplishments — even little ones — go a long way toward a sunny outlook. Fortunately, there are plenty of easy, quick home repair chores you can do when you’re mired in the thick of winter. For max efficiency, make a to-do list ahead of time and shop for all the tools and supplies in one trip. On your work days, put the basics in a caddy and carry it from room to room, checking off completed tasks as you speed through them.

What to Look (and Listen) For
In each room, look around and take stock of what needs fixing or improving. Focus on small, quick-hit changes, not major redos. Here are some likely suspects:

1.  Sagging towel rack or wobbly toilet tissue holder. Unscrew the fixture and look for the culprit. It’s probably a wimpy, push-in type plastic drywall anchor. Pull that out (or just poke it through the wall) and replace it with something more substantial. Toggle bolts are strongest, and threaded types such as E-Z Ancor are easy to install.

2.  Squeaky door hinges. Eliminate squeaks by squirting a puff of powdered graphite ($2.50 for a 3-gram tube) alongside the pin where the hinge turns. If the door sticks, plane off a bit of the wood, then touch up the paint so the surgery isn’t noticeable.

3.  Creaky floor boards. They’ll shush if you fasten them down better. Anti-squeak repair kits, such as Squeeeeek No More ($23), feature specially designed screws that are easy to conceal. A low-cost alternative: Dust a little talcum powder into the seam where floorboards meet — the talcum acts as a lubricant to quiet boards that rub against each other.

4.  Rusty shutoff valves. Check under sinks and behind toilets for the shutoff valves on your water supply lines. These little-used valves may slowly rust in place over time, and might not work when you need them most. Keep them operating by putting a little machine oil or WD-40 on the handle shafts. Twist the handles back and forth to work the oil into the threads. If they won’t budge, give the oil a couple of hours to penetrate, and try again.

5.  Blistered paint on shower ceilings. This area gets a lot of heat and moisture that stresses paint finishes. Scrape off old paint and recoat, using a high-quality exterior-grade paint. Also, be sure everyone uses the bathroom vent when showering to help get rid of excess moisture.

6.  Loose handles or hinges on furniture, cabinets, and doors. You can probably fix these with a few quick turns of a screwdriver. But if a screw just spins in place, try making the hole fit the screw better by stuffing in a toothpick coated with glue, or switching to a larger screw.

Safety Items
You know those routine safety checks you keep meaning to do but never have the time? Now’s the time.

7.  Carbon monoxide and smoke detectors. If you don’t like waking up to the annoying chirp of smoke detector batteries as they wear down, do what many fire departments recommend and simply replace all of them at the same time once a year.

8.  Ground-fault circuit interrupter (GFCI) outlets. You’re supposed to test them once a month, but who does? Now’s a great time. You’ll find them around potentially wet areas — building codes specify GFCI outlets in bathrooms, kitchens, and for outdoor receptacles. Make sure the device trips and resets correctly. If you find a faulty outlet, replace it or get an electrician to do it for $75 to $100.

Another good project is to replace your GFCIs with the latest generation of protected outlets that test themselves, such as Levitron’s SmartlockPro Self-Test GFCI ($28). You won’t have to manually test ever again!

9.  Exhaust filter for the kitchen stove. By washing it to remove grease, you’ll increase the efficiency of your exhaust vent; plus, if a kitchen stovetop fire breaks out, this will help keep the flames from spreading.

10.  Clothes dryer vent. Pull the dryer out from the wall, disconnect the vent pipe, and vacuum lint out of the pipe and the place where it connects to the machine. Also, wipe lint off your exterior dryer vent so the flap opens and closes easily. (You’ll need to go outside for that, but it’s quick.) Remember that vents clogged with old dryer lint are a leading cause of house fires.

11.  Drain hoses. Inspect your clothes washer, dishwasher, and icemaker. If you see any cracks or drips, replace the hose so you don’t come home to a flood one day.

12.  Electrical cords. Replace any that are brittle, cracked, or have damaged plugs. If you’re using extension cords, see if you can eliminate them — for example, by replacing that too-short lamp cord with one that’s longer. If you don’t feel up to rewiring the lamp yourself, drop it off at a repair shop as you head out to shop for your repair materials. It might not be ready by the end of the day. But, hey, one half-done repair that you can’t check off is no big deal, right?

AUTHOR 
Jeanne Huber is the author of 10 books about home improvement. She writes a weekly column about home care for the Washington Post.

Visit HouseLogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®

Displaying blog entries 41-50 of 55

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