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.

20 Tips For Selling Your Home

20 Tips For Selling Your Home

What are the top things you can do to my house right now to get it sold?

Step 1: Use handy check list to review your house:

Step 2: Don’t do the wrong stuff:

Countless times sellers have done the wrong improvements thinking there were helping their house and value only to find out it was the wrong idea.

An onsite visit, where we tour your home together can avoid this and help you maximize your sale.

Step 3: Connect to sell:

  • When listing your house for sale, your top goals will be the focus for the strategy.
  • There are many small projects that you can do to ensure this happens!
  • An onsite visit will help us create specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

Message me now and we can get started on achieving your goals!

How Much “Housing Wealth” Can You Build in a Decade?

How Much “Housing Wealth” Can You Build in a Decade?

Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.

Below are three graphs depicting the most important data revealed in the study.

How much have home prices increased?

One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over time. The study showed the average increase in home values based on how long homeowners stayed in a home.

What was the percentage of appreciation?

Another way to look at this is by the percentage increase in value over time, called appreciation:

Was this appreciation consistent throughout the country?

Today, when we think of markets that have done well over the last decade, we have a tendency to think about San Francisco, San Diego, Seattle, and other West Coast cities. Though it is true the West Region showed the highest price growth over the last three decades, we can see how every region of the country did quite well in ten-year increments:This data validates the claim that homeownership is great for building wealth. The importance of this information was highlighted in the study’s first sentence:

“Homeownership is an important source of wealth creation, enabling current homeowners and succeeding generations to move up the economic ladder.”

Bottom Line

Homeownership has many financial and non-financial benefits. The accumulation of “housing wealth” through increased equity is a major one. If you’re thinking of buying a home for the first time or moving up to your dream home, the sooner you make the move, the sooner your net worth will begin to grow.


Source: Michigan Real Estate Updates

East Grand Rapids Tudor For Sale 5 Bedrooms 4++ Baths 3 stall

East Grand Rapids at its finest. This timeless Tudor presents the pinnacle of custom quality, beauty and craftsmanship. Rare custom features such as the slate roof, solid walnut doors and the hand-cut herringbone end-cut block floor showcase the attention to detail throughout this incredible floor plan. Updated with inviting warm colors that showcase the plaster relief ceilings and highlight special details such as the hand carved stone fireplace, cast cornices, and crown moulding.  Modern luxuries can be found throughout the home.  The master suite features a spacious walk-in master closet, heated tile floors, custom tile shower and jet tub. The well-appointed kitchen lets the light shine with ample cabinets and pull out drawers finished in warm satin white, tile floor with complementing granite countertops, double ovens, cook top, Sub-Zero refrigerator, pantry and additional storage spaces.  The 3 stall garage features epoxy floor and finished walls maximizing the space for best use and organization. True Tudor touches define every inch such as the Four-centred archways and cantilevered second story, exquisite details in the brick and stone, copper gutters, slate patio and decorative garden parapet.  Notice the upper level diamond brick pattern and the complementing diamond window mullions, positioned perfectly to soak in the rising sun.  The half acre lot offers the perfect mix of sun and shade, with outdoor sitting areas offering a relaxing and private backyard experience. Impeccably maintained this home offers the smooth transition of ownership you desire.  

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.