Tag Archives | Grand Rapids Real Estate

Grand Rapids area real estate. Information for the Grand Rapids Real Estate Market and surrounding West Michigan Area. Including new listings, relocation information, homes, condos, land, new construction and more. Berkshire Hathaway HomeServices, brought to you by the John Rice Real Estate Team.

Community or Age in Place? 

Community or Age in Place?

The Many Benefits of Aging in a Community | Simplifying The Market

There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not only understand what we’re saying but actually feel the same joys and concerns as well.

That’s why many boomers are deciding to move into an active adult community. In the latest 55places National Housing Survey, they were described by one out of three seniors as an “outgoing, social community of likeminded people.”

Bill Ness, Chief Executive Officer and Founder of 55places.com, explains:

“Baby boomers are now reaching the age when moving to an active adult community is the ideal opportunity for them…Many boomers now want to downsize, experience a maintenance-free lifestyle, and pursue more social opportunities. It’s exciting that there are so many choices for baby boomers.”

There’s still a desire, however, among many seniors to “age-in-place.” According to the Senior Resource Guide, aging-in-place means:

“…that you will be remaining in your own home for the later years of your life; not moving into a smaller home, assisted living, or a retirement community etcetera.”

The challenge is, many seniors live in suburban or rural areas, and that often necessitates driving significant distances to see friends or attend other social engagements. A recent report from the Joint Center for Housing Studies of Harvard University (JCHS) titled Housing America’s Older Adults addressed this exact concern:

“The growing concentration of older households in outlying communities presents major challenges for residents and service providers alike. Single-family homes make up most of the housing stock in low-density areas, and residents typically need to be able to drive to do errands, see doctors, and socialize.”

The Kiplinger report also chimed in on this subject:

“While most seniors say they want to age in place, a much smaller percentage of them actually manage to accomplish it, studies show. Transportation is often a problem; when you can no longer drive, you can’t get to medical appointments or to other outings.”

Driving may not be a challenge right now, but think about what it may be like to drive 10, 20, or 30 years down the road.

There are also health challenges brought on by a possible lack of socialization when living at home versus a community of seniors. Sarah J. Stevenson is an author who writes about seniors. In a recent blog post for A Place for Mom, she explains:

“Social contacts tend to decrease as we age for reasons such as retirement, the death of friends and family, or lack of mobility.”

Thankfully, research from the same article suggests if you’re spending time with others in a community, thus reducing the impact of loneliness and isolation, there’s less of a risk of developing high blood pressure, obesity, heart disease, a weakened immune system, depression, anxiety, cognitive decline, Alzheimer’s disease, and early death.

Though the familiarity of our current home may bring a feeling of warmth, comfort, and convenience, it’s important to understand that staying there may mean missing out on crucial socialization opportunities. Living with adult children, joining a retirement community, or moving to an assisted living facility can help us continue to be with people we enjoy every day.

Bottom Line

“Aging-in-place” definitely has its advantages, but it could mean getting “stuck-in-place” too. There are many health benefits derived from socialization with a community of people that shares common interests. It’s important to take the need for human interaction into consideration when making a decision about where to spend the later years in life.

If you or someone you know is interested in learning more about options, reach out and we can talk.

MESSAGE JOHN

Source: Michigan Real Estate Updates

Prime Development 15 Multi-Acre Sites – 1-15 Woodland Creek Trail

Prime Development Opportunity with 15 lots, road, and more. This 40+ acre site condo community has been approved under the name of Wood Creek Farms Condominiums and features 15 multi-acre sites. Several of the sites are wooded with water frontage. Each site offers large building envelopes, well designed open space and each site perks! With Woodland Creek bordering the East and Little Thornapple River bordering the North, this development offers amazing opportunity to create a landscape future home owners will love. NOTE: The site has been well prepped including: underground drainage is completed along with underground electrical and landline phone installed to every lot, the first layers of road have been laid, initial well has been dug, and perk tests performed.

 

 

What’s the Market Like?

What if you received a powerful new tool that will allow you to truly understand the real estate market not only where you live now, but where you WANT to live…

A tool that helps you really prepare for the right move at the right time…

The number one question we receive: “John, what’s the market like?” You can now track the market with information and updates with this incredible new tool.

This is it! Get started now with just a few easy clicks.

Award Winner- Chairman’s Circle Gold Award Presented to John Rice for 2019

Berkshire Hathaway HomeServices has awarded John Rice the Chairman’s Circle Gold Award for 2019 production.  The award is presented to top performing agents that place within the top 2% of Berkshire Hathaway Agents Nationwide.

Now in his 18th year, John Rice passionately assists Michigan residents in their housing needs. Berkshire Hathaway HomeServices Michigan Real Estate is ranked as one of the top producing brokerage firms in the nation.



Comstock Park Michigan House for Sale: 4 Bedroom 2 Bath

4535 Wakefield Court NE, Comstock Park, MI 49321

Opportunity knocks! This renovated 4 bedroom 2 full bath house features new paint and flooring throughout with updated bathrooms, updated kitchen, attached garage and great back yard. Zoned commercial, this property offers an excellent opportunity to use now as a rental while anticipating the future use and value based on the potential development for the area. Location offers easy access to several area amenities including the Fred Meijer Trail System, historic Comstock Park with eateries, Fifth Third Ball Park, Dwight Lydell Park, the shopping corridors of Alpine, Plainfield and East Beltline are each only a few minutes away, access to several major roads for commuting.

Union Square Condo For Sale: Grand Rapids MI 49504

Union Square: Downtown Grand Rapids Condo

600 Broadway Ave NW #411 Grand Rapids MI 49504

This is an excellent opportunity to own in one of the best addresses in Grand Rapids: Union Square. This unit features 108 sqft of private balcony, soaring main floor ceilings with exposed brick walls and spiral staircase leading to a beautiful master bedroom and bath with private laundry. The main floor features a full wall of amazing windows letting the natural light pour in on the open living room and kitchen, while the main floor bedroom and full bath provide nice privacy. Enjoy the on-site fitness room with full gym, the rooftop pool and hot tub, the large game room, off street parking and secure access. Top location in walking distance to the Bridge Street Market, New Holland Brewery and many more. Minutes from downtown.

Top Priorities When Moving with Kids

Top Priorities When Moving with Kids

Top Priorities When Moving with Kids | Simplifying The Market

According to the Pew Research Center, around 37% of U.S students will be going back to school soon and the rest have already started the new academic year. With school-aged children in your home, buying or selling a house can take on a whole different approach when it comes to finding the right size, location, school district, and more.

Recently, the 2019 Moving with Kids Report from the National Association of Realtors®(NAR) studied “the different purchasing habits as well as seller preferences during the home buying and selling process.” This is what they found:

When Purchasing a Home

The major difference between the homebuyers who have children and those who do not is the importance of the neighborhood. In fact, 53% said the quality of the school district is an important factor when purchasing a home, and 50% select neighborhoods by the convenience to the schools.

Buyers with children also purchase larger, detached single-family homes with 4 bedrooms and 2 full bathrooms at approximately 2,110 square feet.

Furthermore, 26% noted how childcare expenses delayed the home-buying process and forced additional compromises: 31% in the size of the home, 24% in the price, and 18% in the distance from work.

When Selling a Home

Of those polled, 23% of buyers with children sold their home “very urgently,” and 46% indicated “somewhat urgently, within a reasonable time frame.” Selling with urgency can pressure sellers to accept offers that are not in their favor. Lawrence Yun, Chief Economist at NAR explains,

“When buying or selling a home, exercising patience is beneficial, but in some cases – such as facing an upcoming school year or the outgrowing of a home – sellers find themselves rushed and forced to accept a less than ideal offer.”

For sellers with children, 21% want a real estate professional to help them sell the home within a specific time frame, 20% at a competitive price, and 19% to market their home to potential buyers.

Bottom Line

Buying or selling a home can be driven by different priorities when you are also raising a family. If you’re a seller with children and looking to relocate, let’s get together to navigate the process in the most reasonable time frame for you and your family.


Source: Michigan Real Estate Updates

Top 5 Reasons Why Moving from Chicago to Grand Rapids, MI Is Popular

Smith & Sons (3)

Ranked as one of the 25 Best Places to Live in the U.S.in 2019 (U.S. News & World Report), Top Up and Coming Cities (Thrillist) along with countless other awards including The Top Five Most Popular Destinations for Millennials (The National Assocation of REALTORS), Best Places to Retire in the U.S. (U.S. News & World Report), Top Places to Raise a Family (Forbes.com) Grand Rapids, MI has really made a name for itself.

But why are many new Grandrapidians (as Grand Rapids residents are known) moving here from Chicago?

  1. Location – (it’s a whole new world yet not too far from any Chicago family.)
    • From Grand Rapids to Chicago is about 2 hours and 45 minutes. A suburb of Chicago? Not quite, but the distance is certainly not long making “work at home – commute to CHI possible.” Plus it’s close enough where if there are fun things you enjoy about Chicago – it is very manageable to enjoy them.
    • Lake Michigan is about 25 minutes from Grand Rapids. Combined with over 10,000 inlet lakes, plus award winning rivers and streams – the water activities and beach enjoyment is endless.
    • Up North – for decades the “UP NORTH” area and lake shore area have been sought after playground for those from Chicago – imagine having that within a short drive of right out your own backyard!
  2. Getting Ahead – having your dollar go farther is always advantage no matter what your stage of life.
    • The Cost of Living average for Grand Rapids 92.7 ( as noted on bestplaces.com ) compared to Chicago cost of living at 117.8
      (also found on bestplaces.com.) Cost of living index is measured on a scale of 100 – 100 being the national average. Those under 100 allow your dollar to go farther – those over 100 your dollar would not buy as much of the daily things for living.
  3. Travel Time – It has been said you can get anywhere in Grand Rapids in 20 minutes or less, across town, “outta town”, etc.
    • The average commute from a Chicago suburb to downtown Chicago is currently about 60-75 minutes – without traffic. those of you that have experience know it can be closer to about 2 hours on some days – but even then unpredictable
    • Google maps is actually accurate for travel times in the Grand Rapids – why? Our traffic patterns are predictable and that allows for accurate projections on travel times.
  4. Entertainment – you mean people choose Grand Rapids over Chicago for entertainment?
    • Grand Rapids hosts an amazing array of cultural festivities. Frankly they are easy to attend, good entertainment value vs ticket price  and the downtown parking rates and availability have appeal.
    • From Beach towns to Winter Wonders, Museums, Symphony, Live Theater, Opera, Broadway shows, and more….Check out an extensive list of things to do here:
  5. Jobs – Yes, Grand Rapids is home to several large corporations making the list of some of the top employers in the world, in a variety of industries with a multitude of career options.  Make such lists as #1 – Mid-Sized Metro for Economic Growth Potential (Business Facilities),  Top Metro for Sustainable Development (Site Selection Magazine), Top Hiring Metro Areas in the U.S (Manpower.) Recently a job fair was held to attract new talent to the area where it was reported more than 1/3 of those attending where from Chicago and looking to move to Grand Rapids.

Grand Rapids has a lot to offer.  Winning award after award in a variety of categories (for a great list of even more reasons by West Michigan check this out: The Right Place.) Think it might be right for you? Feel free to start exploring all Grand Rapids has to offer. Have questions? Just Ask – we’re known to be one of friendliest towns in the world as well!

Originally drafted in Jan 2016, this blog post has become one of our top performing posts, organically appearing in numerous searching. Updated now August 30 2019 with fresh links and updated data. Enjoy!

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What’s the Latest on Interest Rates?

What’s the Latest on Interest Rates?

What’s the Latest on Interest Rates? | Simplifying The Market

Mortgage rates have fallen by over a full percentage point since Q4 of 2018, settling at near-historic lows. This is big news for buyers looking to get more for their money in the current housing market.
What’s the Latest on Interest Rates? | Simplifying The Market
According to Freddie Mac’s Primary Mortgage Market Survey,

the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016.

Sam Khater, Chief Economist at Freddie Mac, notes how this is great news for homebuyers. He states,

“…consumer sentiment remains buoyed by a strong labor market and low rates that will continue to drive home sales into the fall.”

As a potential buyer, the best thing you can do is work with a trusted advisor who can help you keep a close eye on how the market is changing. Relying on current expert advice is more important than ever when it comes to making a confident and informed decision for you and your family.

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home is on your short list of goals to achieve, let’s get together to determine your best move.

Source: Michigan Real Estate Updates