Archive | Real Estate Updates

    Stunning Golf Course Luxury

    This stunning walkout ranch, masterfully crafted by West Michigan Award Winning builder BDR, boasts custom quality throughout. The gated community of Watermark offers the superb blend of privacy and convenience. The impressive exterior features gorgeous landscape and cascading water features, with the beautiful backdrop of the private pond and meticulously landscaped 6th green; providing stunning views all year long. Step inside to appreciate the sense of quality and grace that captures the essence of home. With main floor master suite, main floor laundry, 4 fireplaces, 4 bedrooms 3.5 baths, office, craft room, den, wet bar, screened-in porch, open patio and more -this home offers the perfect layout for everyday enjoyment and artful entertaining.

    The Surprising Profile of the Real Estate Investor

     

    The Surprising Profile of the Real Estate Investor

    The Surprising Profile of the Real Estate Investor | Simplifying The Market

    Over 10% of all residential homes are purchased by investors, and that number continues to rise. Who are these investors?

    Many have speculated that the large institutional conglomerates such as Blackstone, American Homes 4 Rent, and Colony Starwood dominate investor purchases. However, a special report on investor home buying by CoreLogic, Don’t Call it a Comeback: Housing Investors Have Been Here for Years, shows this is not the case.

    Ralph McLaughlin, CoreLogic’s Deputy Chief Economist and author of the report, explained his findings at the recent National Association of Real Estate Editors conference in Austin:

    “Investor buying activity in the U.S. is at record highs. And our records go back confidently, about 20 years…

    What’s going on and why? Well, it turns out, it’s not the big institutional guys that are leading the increase in home buying. It’s actually the smaller guys. It’s those that have bought between one and ten properties over this 20-year period, they’re the ones that are really leading the increase in investor home buying.”

    Here is the breakdown of the percentage of purchasers by type of investor over the last six years according to the report:The Surprising Profile of the Real Estate Investor | Simplifying The MarketAs the graph shows, the percentage of “Mom & Pop” investors is currently dominating the number of homes purchased by investors, as the percentage of homes purchased by both professional and institutional investors is falling.

    Bottom Line

    Most houses purchased by an investor are bought by small investors looking to diversify their financial portfolio by adding a real estate component. If you are investing in real estate as either a landlord or someone who fixes-up and flips the house, let’s chat about the ways you can build or liquidate your current portfolio of properties.


    Source: Michigan Real Estate Updates

    Forest Hills Central – Popular Beard Farm Location 5 Bed 3.5 Bath 3 stall

    This beautifully designed 2 story home located in the popular Beard Farm development within the Forest Hills Central school district is perfectly located on a deep wooded lot; offering superb location and excellent floor plan. Featuring 5 spacious bedrooms, 3.5 baths, attached 3 stall garage and nearly an acre wooded lot. Several upgrades can be found throughout the house including new roof, newer furnace, freshly painted neutral color palette, upgraded R-34 insulation. Offering move-in ready living or an excellent opportunity to build upon the existing floor plan in a development surrounded by several larger homes that have recently been renovated. Well designed and quality constructed this home will not disappoint! Enjoy all the area has to offer including the Forest Hills Trails system offering miles of trails connected to the development, excellent access to major highways, shopping, entertainment, and more.

    Move In Ready! 900 Goodsell Otsego

    900 Goodsell Street, Otsego, MI 49078

    You will love this location and great floor plan set on a perfectly sized lot with fenced in back yard. With a total of 3 bedrooms, main floor laundry, main floor master suite with private bath, walk-in closet and cathedral ceiling, large living room, kitchen with center island and an attached 2 stall garage this home is sure to please! Outside offers a great storage shed, fenced in backyard, garden area, wonderful deck and brick paver patio, with LED color changing lights, and hot tub – perfect for entertaining. Offering many upgrades including whole home surge protector, new carpeting, new water heater, and more. With easy access to the highway (Kalamazoo, Allegan and Grand Rapids commutes are made easier) nearby, parks, schools, shopping and entertaining this house is ready for you!

    3888 Goodwood Dr Se, Thornapple River Forest Hills Schools

    140 Ft of private Thornapple River frontage. Nestled in the cove this 4 bedroom 3.5 bath home gives you all the enjoyment of being on the wide open stretch of the Thornapple River ranked top in the area for water sports, yet the location provide tranquility not found anywhere else on the river. With quality fit and finish throughout this masterfully crafted walkout ranch provides vaulted cathedral ceiling featuring beautiful wood beams, parquet floor, solid wood cabinetry, over 700sqft of Trex composite decking, 2 fireplaces, 2 docks, gorgeous river views, multi-zone heating and cooling, updated mechanicals, gorgeous landscaping, main floor master, main floor laundry, a brilliant floor plan with large spacious rooms, ample storage space, 2 wet bars, attached 3 stall garage and more. 

    Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC]

     

    Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC]

    Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC] | Simplifying The Market

    Top 4 Renovations for the Greatest Return on Investment! [INFOGRAPHIC] | Simplifying The Market

     

    Some Highlights:

    • If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI).
    • Minor renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
    • Whether you plan to stay in your house for a long time or just a few years, it’s smart to know which home renovations add the most value.

    Not every home needs a renovation before listing. Often times a few small changes go a long way.  To know the best approach – let’s talk on the best way to have the market work in your favor.


    Source: Michigan Real Estate Updates

    Time for Your Dream Home, Gen X!

     

    Time for Your Dream Home, Gen X!

    Time for Your Dream Home, Gen X! | Simplifying The Market

    During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth.

    According to Pew Research Center,

    Their fortunes have rebounded more than those of other generations during the post-recession economic expansion and as home and stock prices have risen. Since 2010, the median net worth of Gen X households has risen 115%. In fact, in 2016, the most recent year with available data, the net worth of a typical Gen X household had surpassed what it was in 2007 ($84,200 vs. $63,400)”.

    The same report also mentioned,

    15% of Gen X’s homeowners were ‘underwater’ on their homes in 2010 (meaning they owed more than they owned). By 2016 only 3% were underwater.

    As a result of homes regaining market value and their increasing net worth, many Gen Xers are presented with the opportunity of selling their current home in order to move up to the house they always dreamed of!

    According to the 2019 Home Buyers and Sellers Generational Trends Report by the National Associations of Realtors, in 2018 Gen Xers made up the second largest share of home buyers by generation at 24%.

    The report also provided some highlights about their purchase:

    • Greatest share that purchased a multi-generational home (16%).
    • Largest share that purchased a detached single-family home (88%).
    • Highest median household income ($111,100).
    • Bought the most expensive homes of all the generations.
    • Job-related relocation was identified as the primary reason to buy.

    But this generation is not only buying- they are selling too!

    • Largest share of home sellers (25%).
    • Highest median household income among sellers ($123,6000).
    • Tenure in the previous home was a median of 9 years.
    • House too small was indicated as the primary reason to sell.
    • 91% sold the home using a real estate professional.

    Bottom Line

    If you are a Gen Xer who would like to know exactly how much your house is worth today so you can move up to the home of your dreams, let’s get together to analyze your current circumstances.


    Source: Michigan Real Estate Updates

    7486 Alaska Ridge – Private Thornapple River – Forest Hills Schools

    Forest Hill Schools – Private Thornapple River frontage. This gorgeous Town & Country cedar home is surrounded by the natural beauty of hardwoods. Located on the open 6 mile stretch of the Thornapple River (all sports.) This home offers the best of rustic-lux. With soaring vaulted plank ceilings, stone fireplace, majestic views out every window, and quality finishes throughout every inch breathes the essence of home. The main floor master with luxuriously appointed on-suite, the additional bedrooms, finished garage loft space, and walk-out lower level each offer custom touches combining form, function and fun. Experience the peace of this location while appreciating its easy proximity to everyday amenities such as shopping, dining, entertainment, and more.

    2510 Shears Crossing – Forest Hills Blackberry at Shear’s Crossing

    Forest Hills Eastern Schools – Built by Engelsma Homes LLC as a 2008 Parade home, this quality built, stunning residence offers fit and finish beyond its price range; featuring attention to detail throughout. As you enter you will notice the grand entrance way featuring beautiful custom stairway setting the tone of quality you will see and feel throughout. The large formal dining area and wet bar offer the best in amenities and style for entertaining. The main level features hand-carved hardwood floors with French doors opening to the main floor den – a wonderful location for your personal library or office. The open living room and kitchen area features a large dining area that allows everyone in this space to comfortably enjoy the fireplace, surround speakers and the marvelous views of the over sized deck and professionally landscaped backyard. The kitchen offers granite counter tops, gorgeous all wood cabinetry featuring many gourmet features such as built-in oven, professional series range with power venting (enclosed in custom cabinetry) large center island with bar-height counter tops, recessed lighting, large pantry space with floor-to-ceiling storage. The large mudroom featuring built-in locker areas, custom built desk area with several additional cabinets for storage. The over sized 3 stall garage (38′ x 26′) is finished with an epoxy seal for easy cleaning, featuring hot and cold water, and raised cement step adding great function all year long. Upstairs you will appreciate the spacious master suite with 2 large walk-in closets, featuring custom all wood shelves, recessed ceiling with additional lighting, crown moulding, and wonderful use of windows allowing for maximum usage of both wall space and capturing natural light. The master bath features custom, multi-head, walk-in shower, dual raised vanities, large garden tub, and separate water closet. Additional upstairs bedrooms include 2 large bedrooms, each featuring ample closet space and a shared Jack-n-Jill bath, plus a large 3rd bedroom designed as a second separate suite with private bath, large closet, and attention to detail with custom recessed area perfect for a reading nook or to feature a favorite from your art collection. The landing offers a great shared space designed to accommodate a family computer area or open study. The walk-out lower level features 2 additional large bedrooms (one used as a work out area currently,) large living room, lower level wet bar with full sized refrigerator, surround sound system, and walk-in, humidity controlled wine cellar, an additional full bath, plus ample unfinished space for storage with built-in floor-to-ceiling shelving maximizing this space to its full potential. Outside you will appreciate the quite, cul-de-sac setting, reaching deep in the back, the fully landscaped oasis measures over .53 acres – on one of the largest lots in the Blackberry Development. The location is superb with access to sidewalks leading right to the Forest Hills Trails system right out your door, plus incredible surrounding amenities such as shopping, entertainment and easy highway, downtown and airport access.

    6527 Summer Shores Waterfront w 3 Stall Garage

    Welcome home! This updated 4 bedroom, 2.5 bath, 3 stall garage waterfront home is move-in ready. With contemporary flair, modern color palate, and amazing waterfront location this home is sure to please. You will love all the extras including the 11’x12′ storage shed, composite decking and vinyl deck rails, sandy beach, easy care dock and more….The 3 stall heated garage also has extra depth – deep enough for a couple motorcycles or your boat trailer – the 3rd stall is 30ft long! 1 year home warranty from America’s Home Shield included. Note: Co-listing agent, Bob Hayward, is seller and is licensed agent in the state of Michigan.