7 Weekend Projects to Boost Your Property Value

Whether you’re putting your home on the market in a few weeks or a few years, strategic upgrades can make all the difference. But you don't have to embark on a major remodel to make a significant improvement.

Even minor updates can have a big impact on your home’s aesthetic, and certain renovations can even boost its future sale price.

From curb appeal to interior updates, here are seven weekend projects that will enhance your home’s current charm and long-term value.

1. Repaint your front door

Is your front door looking a little tired? A new coat of paint can make your home more inviting to today’s guests and tomorrow’s buyers.

But before you grab that paintbrush, think carefully about your choice of hue. According to a recent study, the color of your front door can boost—or lower—your home's sale price by thousands of dollars.¹

Cement gray, for instance, was found to decrease purchase offers by an average of $3,365. Going too bold can also deter home shoppers. The safest bets? Classic black or a mid-tone brown are proven winners.¹

Need help choosing the perfect paint or stain for your front door? We'd be happy to offer advice or refer you to a design professional for assistance.

2. Upgrade Your Hardware and Lighting

It's easy to overlook dated cabinet pulls or dingy light switches in your own home. But those seemingly minor details can leave a bad impression on visitors.

Swapping out old hardware for modern alternatives can easily and affordably elevate your space. New cabinet handles, for example, are relatively inexpensive and require just a few minutes and a screwdriver to install. To maximize the longevity of your update, consider classic shapes and finishes like brass knobs or nickel cup pulls.²

Take a look at your light fixtures, too. Try replacing an out-of-style chandelier with a more contemporary option. Even just updating your lampshades and lightbulbs can create a brighter, more welcoming space.  Additionally, many experts agree that high-quality lighting can show off your property’s best features when it comes time to sell.³

Uncomfortable changing a light fixture yourself? Contact us for a referral to a licensed electrician for help.

3. Update Your Bathroom Fixtures

Bathrooms can show their age quickly, but a few inexpensive updates can take years off in just a few hours. And since many buyers will be more drawn to a home that feels clean and modern, even small changes can make a big difference. 

According to one study, for every dollar you spend on minor cosmetic upgrades—like swapping out the bathroom mirror, upgrading hardware, or refinishing cabinets—you’ll see a $1.71 increase in your home’s value.⁴

Bathroom hardware is a great place to start. Consider updating your faucets and showerheads (we recommend lower-flow options to save money and the environment), and don't forget about towel racks, toilet paper holders, and any other fixtures that look worn or discolored.⁵  

If you want to stay on-trend, the most popular faucet finishes are currently black, nickel, and pewter. Spa-like upgrades, like steam showers and rain showers, are also in high demand.^5,6

If your existing vanity is in poor condition, installing a new one is a slightly bigger project, but it has a huge impact on the look and feel of the room. Reach out for a list of retailers who carry high-quality but affordable prefabricated options.

4. Give Your Kitchen Cabinets a Makeover

The kitchen is often referred to as the heart of the home, so it's no surprise that an updated kitchen is a top priority for current homeowners and potential buyers alike.^7,8 If your kitchen cabinets are from another era, that’s probably the first place you’ll want to start.

Fortunately, you don’t need to commit to the hassle and expense of installing new cabinets if your current ones are in good shape. Instead, consider painting them. 

Not only is it more affordable and eco-friendly than replacement, but Better Homes and Gardens reports that this option typically offers a greater return on investment.⁹ When it comes to choosing the right color, warm neutrals and shades of green and blue are especially on-trend.¹⁰

Thinking about painting your cabinets yourself? Be sure to plan in advance and block out at least a couple of days for the project. You’ll need to take off all your cabinet doors and hardware and thoroughly cover your kitchen appliances and counters. You’ll also need to wait for the doors to dry before reassembling your kitchen.¹¹ 

If you’re not confident in your painting skills, hiring a professional will still be far less expensive than installing new cabinets. We’re happy to refer you to capable painters in our network.

5. Look at Your Landscaping

First impressions matter, and putting some work into your home’s exterior can make a big difference in how your guests and neighbors view it. Curb appeal can also make or break a potential buyer’s perception of your home—and significantly impact their offer. 

According to HomeLight, buyers will pay 7% more, on average, for a home with good curb appeal. And in some areas, the return on investment for improvements can exceed 300%.¹² 

One of the best ways to improve curb appeal is through landscaping—and it doesn’t have to be elaborate. First and foremost, focus on keeping things neat, tidy, and welcoming. Mow your lawn, refresh any mulch, prune overgrown shrubs, and add pops of color with flowers. To take things up a notch, add outdoor lighting and plant perennial flowers along the sides of your walkway. 

When you’re ready to get started, reach out for a list of our favorite local garden centers where you can find all the necessary supplies.

6. Refinish Your Wood Floors

For many buyers, wood floors are a huge selling point. Unfortunately, they also tend to get scuffed and worn over time, especially if you have kids or pets. 

The good news? If your wood floors could use a touch-up, it’s well worth the time and cost. According to the National Association of Realtors, it’s the project that pays off the most in terms of resale value, with an average 147% return on investment.¹³

If you have a few days to devote to your floors, you can rent the necessary equipment from a local hardware store. While you’re there, pick up some basic supplies, like a putty knife, paintbrushes, sandpaper, and stain.¹⁴ And if you want to modernize your space, opt for a lighter wood tone, which is the current trend.¹⁵

Of course, we’re also happy to provide the names of trusted professionals who can tackle the work for you.

7. Clean or Replace Your Grout

Let’s face it: Whether it’s on a kitchen floor or a bathroom wall, grout gets grimy over time, even with regular cleaning. Fortunately, refreshing your grout is a relatively simple and affordable project that can yield impressive results.

According to Apartment Therapy, grout that’s in poor condition is often one of the first things a potential buyer notices when they tour a bathroom.¹⁶ Fresh, clean grout, on the other hand, makes your bathroom sparkle—and that can pay off in a big way in terms of buyer’s perceptions. 

If your grout is simply stained, a focused cleaning session can make a big difference. Try a specialized product or a simple mix of baking soda, water, and hydrogen peroxide.¹⁶ If the grout is cracked, crumbling, or stained beyond repair, it’s time to replace it. Luckily, the right tools make that a very doable DIY project, even if it can get messy—and it’s a lot easier and less expensive than retiling.¹⁷

No time to tackle it yourself? Reach out for a recommendation of a pro who can help.

CHOOSING THE PROJECT THAT’S RIGHT FOR YOU

Embarking on home improvements can be exciting, but it's essential to choose projects that align with your goals, budget, and skill level. Whether you're preparing to sell your home or simply want to enhance its value, there are projects to suit every homeowner.

If you're unsure where to start, don't hesitate to reach out for personalized advice and recommendations. With the right approach, you can unlock your home's full potential and enjoy the rewards for years to come.

The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1.     Zillow -
https://www.zillow.com/learn/what-color-paint-front-door/

2.     Martha Stewart - 
https://www.marthastewart.com/kitchen-hardware-trends-8563764

3.     The Spruce - 
https://www.thespruce.com/expert-home-lighting-tips-8302722

4.     Zillow - 
https://www.zillow.com/learn/roi-for-bathroom-remodel/

5.     Forbes - 
https://www.forbes.com/home-improvement/bathroom/easy-quick-bathroom-updates/

6.     Real Simple - 
https://www.realsimple.com/nkba-bathroom-design-trends-2024-8403788

7.     Houzz -
https://www.houzz.com/magazine/2024-u-s-houzz-and-home-study-renovation-trends-stsetivw-vs~174492310

8.     National Association of Realtors -
https://www.nar.realtor/magazine/real-estate-news/survey-buyers-judge-a-home-by-its-kitchen

9.     Better Homes and Gardens - 
https://www.bhg.com/kitchen/remodeling/planning/kitchen-upgrades-cost-value/

10.   House Beautiful -
https://www.housebeautiful.com/room-decorating/colors/g46105350/kitchen-paint-color-trends-2024/

11.   HGTV - 
https://www.hgtv.com/design/rooms/kitchens/best-way-to-paint-kitchen-cabinets

12.   Homelight - 
https://www.homelight.com/blog/what-upgrades-increase-home-value/

13.   National Association of Realtors - 
https://www.nar.realtor/magazine/real-estate-news/stub-for-148394

14.   Architectural Digest - 
https://www.architecturaldigest.com/story/refinishing-hardwood-floors

15.   Houzz -
https://www.houzz.com/magazine/5-new-trends-in-flooring-for-2024-stsetivw-vs~173560747

16.   Apartment Therapy - 
https://www.apartmenttherapy.com/outdated-bathroom-features-37131219

17.   Better Homes and Gardens - 
https://www.bhg.com/how-to-regrout-tile-7554710

Mid-Year Market Update for 2024: What Buyers and Sellers Need to Know

Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024.^1,2,3Unfortunately, persistent inflation has delayed the central bank’s timeline and kept the average 30-year mortgage rate hovering around 7% so far this year.²

While elevated mortgage rates have continued to dampen the pace of home sales and affordability, there have been some positive developments for frustrated homebuyers. Nationwide, the inventory shortage is starting to ease, and an uptick in starter homes coming on the market has helped to slow the median home price growth rate, presenting some relief to cash-strapped buyers.⁴

There are also signs that sellers are adjusting to the higher rate environment, as a growing number list their properties for sale.⁴ Still, economists say a persistent housing deficit—combined with tighter lending standards and historically high levels of home equity—will help keep the market stable.⁵

What does that mean for you? Read on for our take on this year's most important real estate news and get a sneak peek into what analysts predict is around the corner for 2024. 

MORTGAGE RATE CUTS WILL TAKE LONGER THAN EXPECTED

At its most recent meeting on May 1, the Federal Reserve announced that it would keep its overnight rate at a 23-year high in response to the latest, still-elevated inflation numbers.⁶

While mortgage rates aren’t directly tied to the federal funds rate, they do tend to move in tandem. So, while expected, the Fed’s announcement was further proof that a meaningful decline in mortgage rates—and a subsequent real estate market rebound—is farther off than many experts predicted.

“The housing market has always been interest rate sensitive. When rates go up, we tend to see less activity,” explained Realtor.com chief economist Danielle Hale in a recent article. “The housing market is even more rate sensitive now because many people are locked into low mortgage rates and because first-time buyers are really stretched by high prices and borrowing costs.”⁷

Many experts now speculate that the first benchmark rate cut will come no sooner than September, so homebuyers hoping for a cheaper mortgage will have to remain patient.

“We’re not likely to see mortgage rates decline significantly until after the Fed makes its first cut; and the longer it takes for that to happen, the less likely it is that we’ll see rates much below 6.5% by the end of the year,” predicted Rick Sharga, CEO at CJ Patrick Company, in a May interview.⁸

What does it mean for you?  Mortgage rates aren’t expected to fall significantly any time soon, but that doesn’t necessarily mean you should wait to buy a home. A drop in rates could lead to a spike in home prices if pent-up demand sends a flood of homebuyers back into the market. Reach out to schedule a free consultation so we can help you chart the best course for your home purchase or sale.

BUYERS ARE GAINING OPTIONS AS SELLERS RETURN TO THE MARKET

There is a silver lining for buyers who have struggled to find the right property: More Americans are sticking a for-sale in their yard.⁹  Given the record-low inventory levels of the past few years, this presents an opportunity for buyers to find a place they love—and potentially score a better deal.

In 2023, inventory remained scarce as homeowners who felt beholden to their existing mortgage rates delayed their plans to sell. However, a recent survey by Realtor.com shows that a growing number of those owners are ready to jump in off the sidelines.¹⁰

While the majority of potential sellers still report feeling “locked in” by their current mortgage, the share has declined slightly (79% now versus 82% in 2023). Additionally, nearly one-third of those “locked-in” owners say they need to sell soon for personal reasons, and the vast majority (86%) report that they’ve already been thinking about selling for more than a year.¹⁰ 

Renewed optimism may also be playing a part. “Both our ‘good time to buy’ and ‘good time to sell’ measures continued their slow upward drift this month,” noted Fannie Mae Chief Economist Doug Duncan in an April statement.¹¹

However, the current stock of available homes still falls short of pre-pandemic levels, according to economists at Realtor.com. “For the first four months of this year, the inventory of homes actively for sale was at its highest level since 2020. However, while inventory this April is much improved compared with the previous three years, it is still down 35.9% compared with typical 2017 to 2019 levels.”⁴

What does it mean for you?  If you’ve had trouble finding a home in the past, you may want to take another look. An increase in inventory, coupled with relatively low buyer competition, could make this an ideal time to make a move. Reach out if you’re ready to search for your next home.

If you’re hoping to sell this year, you may also want to act now. If inventory levels grow, it will become more challenging for your home to stand out. We can craft a plan to maximize your profits, starting with a professional assessment of your home’s current market value. Contact us to schedule a free consultation.

HOME PRICES ARE RISING AT A MORE MANAGEABLE PACE 

Homebuyers struggling with high borrowing costs have something else to celebrate. The national median home price has remained relatively stable over the past year, due to sellers bringing a greater share of smaller, more affordable homes to the market.⁴

In addition to offering cheaper homes, a recent survey found that home sellers are also adjusting their expectations when it comes to pricing. In many regions, just 12% anticipate a bidding war (down from 23% last year) and only 15% expect to sell above list price (versus 31% in 2023).¹⁰

But buyers shouldn’t expect a fire sale. According to Realtor.com’s April Housing Market Trends Report, “On an adjusted per-square-foot basis, the median list price grew by 3.8%, as homes continue to retain their value despite increased inventory compared with last year.”⁴

Dr. Selma Hepp, chief economist for the data firm CoreLogic, projects that home prices will keep rising at a gradual pace through the rest of 2024. “Spring home price gains are already off to a strong start despite continued mortgage rate volatility. That said, more inventory finally coming to market will likely translate to more options for buyers and fewer bidding wars, which typically keeps outsized price growth in check.”¹²

What does it mean for you?  An increase in more affordable housing stock is great news, especially for first-time buyers. And with home values expected to keep rising, an investment in real estate could help you build wealth over time. Reach out to discuss your goals and budget, and we can help you decide if you’re ready to take your first step on the property ladder.

DESIRE TO OWN PERSISTS, BUT AFFORDABILITY REMAINS AN OBSTACLE

Surveys show that the American dream of homeownership is alive and well, despite the financial challenges. In fact, a recent poll by Realtor.com found that 55% of Millennial and 40% of Gen Z respondents believe that now is a good time to buy a home.¹³

According to Fannie Mae Chief Economist Doug Duncan, buyers are starting to adapt to the new economic reality. “With the historically low rates of the pandemic era now firmly behind us, some households appear to be moving past the hurdle of last year’s sharp jump in rates, an adjustment that we think could help further thaw the housing market. We noted in our latest monthly forecast that we expect to see a gradual increase in home listings and sales transactions in the coming year." 

The Realtor.com study also revealed that even a small drop in mortgage rates could give a big boost to homebuyer demand and affordability. In fact, 40% of the buyers polled would find a home purchase attainable if rates fall under 6%, and an additional 32% plan to enter the market if rates dip below 5%.^13I

But waiting for rates to drop isn’t the only approach that Americans are using to afford a home. A survey by U.S. News & World Report found that determined homebuyers are employing a variety of strategies, including shopping multiple lenders (52%), purchasing discount points to lower their rates (36%), and opting for adjustable-rate mortgages (36%). More than three-quarters of today’s buyers also hope to refinance to a lower rate in the future.¹⁴

Despite the obstacles, these respondents remain steadfast in their desire to own a home, listing financial benefits, stability, and more space as their top motivations for wanting to buy.¹⁴

What does it mean for you?  If you’re dreaming of a new home, let’s talk. We can help you evaluate your options and connect you with a mortgage professional to discuss strategies you can use to make your monthly payments more affordable. And remember, in many cases, you can refinance if rates drop in the future.

If you have plans to sell, it will be crucial to enlist the help of a skilled agent who knows how to maximize your profit margins and draw in qualified buyers. Reach out for a copy of our multi-step Property Marketing Plan.

WE'RE HERE TO GUIDE YOU 

While national housing reports can give you a “big picture” outlook, much of real estate is local. And as local market experts, we know what's most likely to impact sales and drive home values in your particular neighborhood. As a trusted partner in your real estate journey, we can guide you through the market's twists and turns.

If you’re considering buying or selling a home in 2024, contact us now to schedule a free consultation. Let’s work together and craft an action plan to meet your real estate goals.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate for advice regarding your individual needs.

Sources:

1.     CBS News -
https://www.cbsnews.com/news/federal-reserve-rate-decision-pause-december-13/

2.     Bankrate -
https://www.bankrate.com/mortgages/historical-mortgage-rates/

3.     Fannie Mae - 
https://www.fanniemae.com/media/50096/display

4.     Realtor.com -
https://www.realtor.com/research/april-2024-data/

5.     Bankrate -
https://www.bankrate.com/real-estate/is-the-housing-market-about-to-crash/

6.     NPR -
https://www.npr.org/2024/05/01/1248454950/federal-reserve-inflation-interest-rates

7.     Realtor.com -
https://www.realtor.com/news/trends/will-the-fed-cut-interest-rates-2024-housing-market/

8.     The Mortgage Reports -
https://themortgagereports.com/32667/mortgage-rates-forecast-fha-va-usda-conventional

9.     Fast Company -
https://www.fastcompany.com/91106568/housing-market-inventory-rising-across-country-maps

10.   Realtor.com -
https://www.realtor.com/research/2023-q1-sellers-survey-btts/

11.   Fannie Mae -
https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey

12.   CoreLogic -
https://www.corelogic.com/press-releases/corelogic-us-annual-home-price-growth-slows-still-up-by-over-5-february/

13.   Realtor.com -
https://www.realtor.com/research/america-dream-survey-feb-2024/

14.   US News & World Report -
https://money.usnews.com/loans/mortgages/articles/2024-homebuyer-survey

I did not go to the Realtor Tour today but wanted you all to know about new listings. If you are interested in any of these above, simply call or text 843.816.6388 and I will be happy to provide more information. 

Respectfully

SUsan Ochsner

YOUR Hilton Head Agent

Today is Wednesday, March 6, 2024 and we had an Hilton head Island Realtor tour in four different areas.

I started in Sea Pines and went to 2060 Sea Loft, a two bedroom two bath at $699,000. These people bought it in November of last year and were going to renovate but life changes and are now selling. Sea Lofts are like treehouses within Harbor Town and in my experience, folks either love them for being so cool or, cannot stand them and are upset I even showed them one. Some folks have done amazing renovation to them but this one is pretty much original. Imagine living in the middle of a forest will give you a sense of these condos, built in 1971 and approximately 816 ft.²  

7 Genoa Court, a six bedroom 6 1/2 bath $2,190,000 with a small little pool in the heart of Harbourtown boasting 3000 ft.². It's been on the market for  almost 2 years now and they have lowered the price somewhat, having started at $2,600,000. I went and saw it today. It is on four floors and there's no elevator. The top floor has a little terrace but there is only view into other townhomes. It really rents really well and I see it more as an investment property than a home. The Renovation, with all due respect, is sub-par in some areas. The garage doors are still the originals and the entryway is not something I would consider for a townhome over $2mio. However, it rents almost $200,000 gross in rentals.

Long Cove

9 Good Hope Court ,  is a four bedroom 4 1/2 bath house with a two car garage. In December they listed shy of $2 million they did come down $100,000 in the beginning of the year. It's been beautifully renovated and turn key with beautiful bathrooms, flooring and new kitchen. The master bathroom floor is a little too busy for me as I almost got vertigo. The biggest drawback I thought was that the entryway brings you to the sunken living room with the primary bedroom suite to its right. I know it's only two steps but it is rounded and a bit tricky to walk around. I think that's the biggest drawback but this home is beautifully appointed 4200 ft.² Long Cove club is a wonderful community private golf community the initiation fee is steep at $50,000 and they have an annual fee of $17,434 but if that is not a deterrent for you, this is a turnkey and beautifully renovated home.

18 Combahee Rd, a four bedroom four bath (no half bath) with a two car garage. I didn't think this home was as attractive as 9 Good Hope. A little more dated than the prior home. The floor plan was OK but at the same price point with redone baths but not completely redone kitchen and not as updated.

Hilton Head General

F-1 Palmetto Commons condos two bedroom two bath (new sliders), $279,000 This is very close to the hospital , grocery stores etc. The tenant moved out in the end of February so they're cleaning it up a little bit. I think it could be a very good investment or entry level into Hilton head Island.

4223 The Preserve at Indigo Run, a two bedroom two bath for $519,900. Decent price as the preserve is well liked because it's a it has a electronic gate, two car garage, fireplace and it's it's a lovely place with 1665 ft.² and on the north end of the island.

Hilton Head Plantation

6 Lenora Drive, a three bedroom three bath $994,500 and about 2500 ft.² This is also a nice community with new vinyl plank flooring. These people owned it for three years.

19 Chickadee, a three bedroom two bath home at $799,000 and 1800 ft.² on a patio lot. Exterior was repainted, a newer HVAC, pex plumbing. New garage door and looks like a cute little home. I have to say I did not see this one because the time was very limited on when one could see it and I could not make that happen. If you would like me to video or see it for you, just contact me and I would be happy to do.

In conclusion, for a 1031 exchange/investment, I would consider 7 Genoa Court For moving in if you can afford the fees,  I like 9 Hope Court. And if one is looking for entry-level I would say Palmetto Commons or The Preserve would be where I'd start.

Some great homes and condos out there, so please call me or your Realtor and let's get you moving to the island! It's a great time to live or play on this gorgeous island and get the island vibe and come and join us in this magnificent paradise.

Respectfully submitted,

Susan Ochsner

yourhiltonheadagent.com

(843) 816-6388

Downsize Your Home, Rightsize Your Life: 

How to Choose the Ideal Smaller Home

When you've lived somewhere for many years, it can be tough to say goodbye. But if you (or a loved one) currently have a home that is bigger than necessary or has a lot of pricey maintenance, it may be time to trade unused square footage for a smaller, more manageable space. 

Take it from the downsizers who’ve been there: Although living small might require some adjustments, it can also be liberating––especially if you're in a stage of life where past responsibilities have given way to new possibilities and adventures.  

In fact, many downsizers report feeling invigorated by the change, according to real estate journalist and author Sheri Koones. “It scares people to think of moving into a smaller space,” said Koones to the Associated Press. “But every single person I interviewed who has made the transition says they are so happy they did.”¹

The key is to find somewhere you can live well and move around comfortably, without feeling overly restricted. If you like the idea of aging in place or are already in your golden years, you may also want to look for signs that a new home can conveniently age with you. 

With that in mind, we recommend focusing your search around three key factors: desired lifestyle, optimal design, and long-term accessibility. Read on for specific tips, then call us for a free consultation. We can help you identify the types of homes that are best suited to living large with less.

DESIRED LIFESTYLE 

The best part of downsizing is the lifestyle you unlock when you trade square footage for convenience. With fewer chores and home maintenance tasks to worry about, you can instead channel your energy into other pursuits. 

For example, instead of spending your afternoons working in the yard or cleaning, you can catch up on the news, read a bestseller, start a new craft project, or pursue other hobbies. You may even be able to travel or spend more time with friends and family. 

Research shows that individuals over the age of 65 report more life satisfaction when they have the opportunity to spend time around children, talk with friends, socialize in community centers, volunteer, or engage in hobbies. But that can be hard to do regularly when you've got a home that needs constant attention or you live far from your community.²

As you compare potential homes, keep in mind the type of lifestyle you envision. Do you plan to travel? If so, a home with extra security, such as a condominium or gated community, may give you some welcome peace of mind. Or do you plan to have friends and family stay overnight? In that case, you may want to look for a floor plan with flex space or a property that has access to separate guest suites. 

Alternatively, a senior community that offers catered meals and housekeeping may be a better choice if you or a spouse need extra support. 

Action item: Grab a pen and take some time to envision what your ideal future might look like. Write down the activities and hobbies you hope to add to your life or continue with going forward, as well as the chores and responsibilities you'd love to drop. We can use those answers to help shape your house hunt.

OPTIMAL DESIGN

Even though your new home will be smaller, that doesn't mean it has to feel cramped. As Koones explains, “The key is to have a home that is efficiently designed, both in terms of energy use and in terms of space.”¹

Look for features that can help make a space feel bigger, like high ceilings, large windows, and an open layout. 

Built-in shelving that extends all the way to the ceiling can also make a small room feel more expansive by helping to draw the eye upward. The same goes for highly placed window treatments and striped or mural-style wallpaper, says interior designer, Kati Greene Curtis. “You’ll feel like you’re walking into the scene,” said Curtis to the Washington Post.³

Efficient layouts with flexible, multi-purpose rooms and few, if any, hallways work especially well for small-scale living. You can also limit dead space in a home by steering clear of layouts with awkward corners, unusable nooks, and other space-eating design elements. 

In addition, look for features that support a simpler, lower-maintenance lifestyle, such as easy-care floors, durable countertops, and bare walls with little, if any, crown molding. 

Don’t write off a home too soon, though, if it feels narrow or congested because of outdated design or poor staging. Cosmetic issues that visually shrink a space are often easy to fix. 

For example, you can instantly make a room feel bigger just by painting it a lighter shade. Adding mirrors and swapping out heavy curtains for sheer ones can also be effective. Plus, utilizing multipurpose furniture with hidden storage is a great way to maximize space. 

Action item: Make a note of your must-keep furniture and other items. Then pull out a measuring tape and write down the dimensions. Once it's time to visit homes, we'll have a more accurate sense of what will fit and how much space you’ll need.

To get your creative juices flowing, you may also want to flip through some design magazines that specialize in compact living or catalogs that feature space-saving furniture and accessories. If you give us a list of your favorite features, we can use it to pinpoint homes that are a good match. 

LONG-TERM ACCESSIBILITY

Buying a home that you can age well in can be a great way to boost your health prospects and happiness. According to the U.S. Department of Housing and Urban Development (HUD), homeowners who age in place instead of in an institutional environment not only save money over time, they also enjoy greater health and emotional benefits.⁴

Aging in place is also popular. According to survey findings from the National Poll on Healthy Aging, the vast majority of adults between the ages of 50 and 80 would prefer to age in their own homes.⁵

But even though many adults want to age in place, only 34% of surveyed adults currently live in a home with the features to make it possible.⁵

If you're already in the second half of your life, then it's smart to prioritize accessibility now, even if you're highly mobile. 

Choosing an accessible home will improve your odds of staying put for longer. Plus, you never know when you might need an accessible light switch, handrails in the bathroom, or a seat in the shower, says Sheri Koones. “Yes, older people with disabilities need them, but even younger people break a leg skiing, or have situations where they want a barrier-free shower.”¹  

As you consider your options, try to imagine what your needs might be as you get older and be proactive in identifying potential obstacles, recommends the National Council on Aging (NCOA).⁶

For example, a single-level home or one with wide enough stairs for a stair lift or access to an elevator may be a more practical choice than a home with lots of narrow stairs. Alternatively, a home with at least one ground-level bedroom and bathroom may also work well for you. 

Consider your needs outside the home, as well: If you frequently visit the doctor, grocery store, or community center, for example, then you may benefit from choosing a property nearby. 

Action item: Review the checklist below, adapted from the National Institute on Aging’s home safety worksheet, or download the full version from the agency’s website.⁷ Highlight the items that are most important to you. We can reference these guidelines as we consider potential homes and suggest ways to adapt a property to meet your current or future requirements.

BOTTOMLINE

You don't have to compromise on comfort to downsize successfully. We can help you strategize your next move and identify the best new home for you—whether that's a smaller home for rent or another one to call your own. We take pride in offering a full-service real estate experience and assisting our clients through all stages of the real estate journey. And we’ll go the extra mile to maximize your current home's sales price so that you’re set up for financial security.

Yours truly,

YourHiltonHeadAgent.com

Susan Ochsner + Emily Gray +         Jack Kiser

(843) 816-6388  - (843) 247-9455 -   (843) 754-2158

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1.     Associated Press (AP) - 
https://apnews.com/article/lifestyle-f094372b46bae82020c174907eb953c0

2.     Healthcare (Basel) - 
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10671417/

3.     Washington Post - 
https://www.washingtonpost.com/home/2023/02/07/make-small-room-appear-larger/

4.     HUD User - 
https://www.huduser.gov/portal/periodicals/em/fall13/highlight2.html

5.     National Poll on Healthy Aging - https://www.healthyagingpoll.org/reports-more/report/older-adults-preparedness-age-place

6.     National Council on Aging (NCOA) - https://www.ncoa.org/adviser/medical-alert-systems/downsizing-for-aging-in-place/

7.     National Institute of Health (NIH)  - https://www.nia.nih.gov/sites/default/files/2023-04/worksheet-home-safety-checklist_1.pdf

One of the best parts of owning a home is the freedom to make it truly your own with design choices that reflect your personality and lifestyle. Whether you lean toward contemporary design or a farmhouse aesthetic, your home is your canvas. 

Even so, it’s always smart to think about the long-term impact those decisions might have on your home’s value. Choosing over-personalized or unpopular materials and finishes could make your home less appealing to future buyers. And selecting out-of-style or overly-trendy elements could cause your home to feel dated quickly.

To help inspire your design choices, we’ve rounded up some of the top trends we’re watching in 2024. Keep in mind, not all of these will work well in every house. If you plan to list or renovate your property, give us a call. We can help you realize your vision and maximize the impact of your investment.

1. Spa-Like Bathrooms

We could all use a little more relaxation in our lives—so why not bring the spa into your home? In 2024, more homeowners will remodel their bathrooms to turn them into personal oases.^1,2

If you’re undertaking a renovation, consider upgrading fixtures and materials. Handmade tile and custom cabinetry can add a touch of style and luxury. Trade stark whites for warm neutrals to create a more relaxed feel—think light wood tones, creams, and beiges.³ Complete the look with soft ambient lighting from a backlit mirror or pair of decorative sconces.^2,3

If you want to maximize the mind-body benefits of a relaxing bathroom (and have the budget to spare), you might consider installing a steam shower, infrared sauna, or cold plunge tub.³ Not looking to spend as much? Even minor upgrades like a massaging showerhead or heated towel bar can add some pampering to your morning routine.³

But remember, if you’re modifying your bathroom, it’s always wise to work with experienced and licensed professionals to avoid water damage that could lead to costly repairs. We can refer you to a trusted contractor for help. 

2. Maximalist Decor

In 2024, maximalism is back in vogue, contrasting the neutral aesthetic that dominated design in recent years. While maximalism can be summed up as “more is more,” there’s nothing sloppy or cluttered about this look. Instead, it’s all about intentional curation.⁴

Hallmarks of maximalist style include rich and saturated colors, bold wallpaper, statement rugs and furniture, and lots of art. And forget matching—maximalist interiors often include plenty of contrasting colors, textures, and patterns selected to complement one another.⁴

If you’re trying to embrace maximalism on a budget, check out thrift stores. They’re often a great place to find unique furniture, colorful rugs, and interesting art or collectibles. Before you invest in rolls of vintage wallpaper, though, it’s important to note—if you plan to sell your home in the near future, the maximalist look won’t appeal to every buyer.

We typically advise sellers to remove clutter and personal items to help buyers imagine their own future lives within the home. Sometimes, that means repainting or redecorating in a more neutral palette. Of course, this shouldn’t stop you from embracing your own style now—just be aware that you may need to walk back your aesthetic prior to selling. We can advise you when the time comes.

3. Japandi Style

Not quite ready to embrace maximalism? Japandi style, which blends Japanese and Scandinavian influences, offers a more subdued approach that still has plenty of character. The look dates back about 150 years to a time when many Scandinavian designers were traveling to Japan for inspiration.⁵

Japandi style brings together clean lines, simplicity, and a focus on natural elements and light. It emphasizes the beauty in imperfection, or “wabi sabi,” and a deep connection to Mother Earth. And like Scandinavian decor, the look prioritizes comfort and a sense of sanctuary in the home.⁵

Interested in playing with Japandi? Common features include calming color palettes and organic materials like raw wood and bamboo. Try softening harsh edges with softer textures, like cozy blankets and ceramic pieces. 

The look also minimizes clutter, but that doesn’t mean you need to be a minimalist. Instead, Japandi style embraces storage solutions like baskets, folding screens, and sofas with built-in storage to give everything a place.⁶ If you’d like some help implementing Japandi-style organization in your home, contact us for a list of recommended professionals.

4. Mixed Metals

Mixing metals used to be a “no-no.” But in 2024, it’s definitely a “yes.” 

According to designers, mixing the colors and finishes of metal fixtures and hardware can bring visual interest to a room—as long as you go about it the right way.^1,7

The most important rule to keep in mind is to stay away from near matches, like brass and gold—that’s more likely to look accidental than intentional. Instead, go for bold contrast: Think polished nickel and matte black.⁷

Some designers recommend using each metal at least twice in a room to make it look cohesive. Another good rule of thumb is to stick to two types of metals in a small room and two to three in a larger space.⁷

Finally, you might think about playing with undertones (brass is warm, chrome is cool) to change the “temperature” of a room. And don’t be afraid of a little shine—many designers predict that a retro, high-polished look will replace matte finishes in 2024.⁸

Want some help sourcing fixtures and hardware in a variety of finishes? Reach out for a list of our favorite retailers.

5. Wood Cabinetry And Accents

The all-white kitchen has been ubiquitous in recent years. But in 2024, classic wood cabinetry is back in a big way.⁹ In fact, industry professionals surveyed by the National Kitchen & Bath Association predict that wood cabinets will be more popular than white in the next three years.¹⁰

Natural wood tones offer a sense of warmth and natural beauty.¹¹ And today’s cabinets aren’t anything like the heavy, dated versions of the past. Instead, light to medium versions—like white oak and walnut—and warmer undertones are trending.⁹

The addition of wood-grain accents to painted kitchen cabinets—like with a contrasting island or range hood—is another popular option.¹²  And wood continues to be a favored choice for flooring. A recent survey found that 40% of homeowners opted for either hardwood or engineered wood when renovating their kitchen floors.¹³

You can also expect to see more wood in bathrooms in 2024. According to Houzz, last year, wood vanities surpassed white in popularity for the first time in recent years, and designers expect the trend to continue.¹² While white countertops and walls still dominate bathrooms, a wood-grained vanity brings a relaxed, organic element into the space.

Dreaming about new cabinets or hardwood floors? We’d be happy to share a list of recommended trade professionals who can help.

6. Timeless Renovations

In its latest Kitchen Trends Study, Houzz found that “nearly half of homeowners (47%) opt for a timeless design as a sustainable choice during renovations.” Respondents cited long-term cost effectiveness and environmental consciousness as their main motivators.¹⁴

In a rapidly changing, technology-driven world, it’s no surprise that homeowners want a nurturing space with lasting appeal—especially if they plan to stay in their homes for years to come.¹²

Traditional materials and quality craftsmanship lie at the core of timeless design, which some designers are calling “quiet luxury.”¹⁵ Think of enduring classics, like hardwood floors, hand-crafted tiles, and marble countertops.¹² A timeless color palette will also often include warm neutrals and muted shades of blue and green.¹⁵

If you’re thinking about remodeling, it’s wise to incorporate as many classic elements as you can. These stylistic choices tend to hold up well over time, which can prolong the life of your investment and make it easier to sell your home down the road. If you’d like advice on an upcoming project, contact us for a free consultation.

BEAUTIFY YOUR HOME WHILE BOOSTING ITS VALUE

If you’re thinking about making design changes—whether that’s repainting or a full remodel—it’s important to be informed about how your choices could impact your home’s resale potential. Buyer preferences can vary significantly based on your home’s neighborhood and price point. Before you begin your project, reach out to discuss your plans and how they could impact the value of your home.

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1.     HGTV -  
https://www.hgtv.com/design/decorating/design-101/2024-home-and-garden-design-trends

2.     The Spruce - 
https://www.thespruce.com/2024-design-trends-8411457

3.     The Spruce - 
https://www.thespruce.com/2024-bathroom-design-trends-8380169

4.     Homes and Gardens - 
https://www.homesandgardens.com/interior-design/maximalist-decor-ideas

5.     The Spruce - 
https://www.thespruce.com/japandi-design-4782478

6.     House Beautiful - 
https://www.housebeautiful.com/room-decorating/a45851530/japandi-interior-design-style/

7.     The Spruce - https://www.thespruce.com/4-rules-designers-say-you-should-follow-or-ignore-when-mixing-metals-in-a-room-5199031

8.     The Spruce - 
https://www.thespruce.com/2024-lighting-trends-8365056

9.     Good Housekeeping - 
https://www.goodhousekeeping.com/home/decorating-ideas/a45576463/wood-kitchen-cabinet-trend-2023/

10.   Better Homes and Gardens - 
https://www.bhg.com/2024-kitchen-trends-840656

11.   Real Simple - 
https://www.realsimple.com/2024-kitchen-cabinet-trends-masterbrand-7974600

12.   Houzz - 
https://www.houzz.com/magazine/28-home-design-trends-that-will-define-2024-stsetivw-vs~172317389

13.   Houzz - 
https://www.houzz.com/magazine/10-kitchen-trends-to-watch-in-layouts-features-and-more-stsetivw-vs~165050822

14.   Houzz - 
https://www.houzz.com/magazine/2023-u-s-houzz-kitchen-trends-study-stsetivw-vs~164970160

15.   Better Homes and Gardens - 
https://www.bhg.com/quiet-luxury-home-trend-7554026

A growing share of home buyers and sellers sat on the sidelines last year as the pace of home sales continued its downward trajectory.¹ In fact, since the Federal Reserve began its series of interest rate hikes in 2022, the combination of higher borrowing costs and record-high home prices has fostered the steepest real estate market slowdown since the 2008 recession.²

Priced out of the market, a generation of would-be buyers has been forced to delay their plans for homeownership.³  At the same time, current owners—reluctant to give up their pandemic-era mortgage rates—are waiting to sell, which has resulted in a sharp drop in listings.⁴

But there may be some relief in sight: In December, the Fed signaled that it was done raising interest rates—and suggested that it could cut rates by 0.75% over the coming year. While mortgages don’t directly follow the federal funds rate, they typically move in tandem—so cheaper home loans may finally be on the horizon.⁵

Lower mortgage rates should bring some much-needed movement back into the real estate sector. But with a market this fluid, the home buyers and sellers with an edge will be those who proactively leverage a real estate agent’s on-the-ground expertise and stay flexible so that they can quickly adapt to changes.

What does that mean for you? Read on to learn more about the current state of the U.S. housing market, the potential opportunities for buyers and sellers, and economists’ predictions for the year ahead.

HOME PRICES WILL REMAIN RELATIVELY STABLE

Not even 8% mortgage rates could bring home prices crashing down in 2023, as some prospective home buyers may have hoped. In fact, on average, U.S. property values ended the year higher—with declines in some areas of the country offset by appreciation in others.⁶

Prices typically fall when rising interest rates drive down demand. So what’s keeping home values high? 

Mike Simonsen at Altos Research points to a nationwide housing shortage: “Declining home prices probably require that supply-and-demand imbalance, and what we have is really a balance. There's a balance between low demand and low supply.”⁷

Analysts expect that equilibrium to continue to prop up home prices in 2024, although the specific forecasts vary. For example, economists at Realtor.com predict that the median home price will fall slightly, by 1.7%, while those at Fannie Mae project modest price growth of 2.8%.^6,8

However, experts widely agree: Mortgage rates will be the largest driver of property values. If rates fall faster than expected, more buyers will enter the market—which could send home prices soaring higher.

What does it mean for you?  There’s no evidence that home prices are headed for a major decline. So if you’re ready and able to afford a home, this is a great time to test the waters. The best bargains are often found in a slower market, like the one we’re experiencing right now. Contact us to discuss your goals and budget. We can help you make an informed decision about the right time to buy.

And if you’ve been waiting to sell your home, this could be your year. Price growth has slowed, so now is the time to maximize your equity gains while minimizing your competition. Contact us for recommendations and to find out what your home could sell for in today’s market.

MORTGAGE RATES SHOULD FINALLY TREND DOWN

The best news we've got incoming for 2024? The extra-high mortgage rates that have weighed heavily on the real estate market may finally be headed south.

At its December meeting, the Fed signaled that the worst is likely behind us and that it expects to cut its overnight rate in 2024. Analysts predict that mortgage rates will fall in lockstep.⁵

“Given inflation continues to decelerate and the Federal Reserve Board’s current expectations that they will lower the federal funds target rate next year, we likely will see a gradual thawing of the housing market in the new year,” said Freddie Mac’s Chief Economist Sam Khater following the announcement.⁹

The average 30-year fixed mortgage rate has already declined from an October high of around 8%, and analysts at Fannie Mae, the Mortgage Bankers Association, and Realtor.com all forecast that rates will trend down this year, ending 2024 closer to 6%.⁷

However, it’s not all good news: It appears that the days of 3% mortgage rates are firmly behind us. “As long as the economy continues to motor along, the new normal of higher rates is here to stay,” explains Greg McBride, chief financial analyst for Bankrate.⁴ So, when it comes to a home loan, borrowers may need to adjust their expectations.

What does it mean for you?  If you're a prospective home buyer, declining mortgage rates could give you the opportunity to lock in a more affordable monthly payment. And if you purchase before the market reheats, you could secure an especially good deal. To find the lowest rate, it pays to compare lenders. Ask us to refer you to a mortgage broker who can help you shop around for the best option.

Sellers also have reason to celebrate buyers' lower interest rates: As the barriers to entry to the housing market decline, they could enjoy more or better offers. Reach out to discuss how we can help you maximize your home’s sales potential.

LOWER RATES WILL BRING SOME BUYERS AND SELLERS BACK TO THE MARKET

Over the past couple of years, higher mortgage rates have cooled home buyer demand. They’ve also delayed the plans of many home sellers, who have been reluctant to trade in their current mortgages for loans that are several points higher. 

With so many market participants playing the waiting game, the real estate sector has slowed significantly. National Association of Realtors (NAR) Chief Economist Lawrence Yun estimates that the number of existing home sales fell by 18% last year following a 17% decline in 2022.¹⁰

However, as financing costs tick down, sales volume is expected to rise. “Lower mortgage rates would help spur home sales activity, which [is] expected to increase in 2024 compared to 2023,” explains Selma Hepp, chief economist at CoreLogic. “Declines in mortgage rates will drive more sellers to trade their existing home and help add much-needed inventory to the market, leading to more transactions.”⁴

There’s also evidence that the patience of holdout home buyers may be waning, despite higher borrowing costs. A recent survey by Bank of America found that the number who are willing to wait for prices or mortgage rates to decline before making a purchase fell from 85% to 62% in just six months.¹¹

“When it comes down to it, if buying a home is your goal and within your budget, the best time to buy is when you're ready financially and you can find a home that fits your needs,” Matt Vernon, head of consumer lending at Bank of America, advised in a recent release. “Even in the current interest rate environment, there are clear benefits to purchasing a home and beginning to build equity.”¹¹

What does it mean for you?  If you’ve been waiting to buy a home, you might want to consider purchasing before the competition picks up. Pent-up demand could bring a flood of buyers back into the market as mortgage rates decline. Contact us if you’re ready to begin your home search.

If you’re hoping to sell this year, you may also want to act fast. An increase in listings will make it harder for your home to stand out. We can help you chart the best course to maximize your profits, starting with a professional assessment of your home’s current market value. Reach out to schedule a free consultation.

THE HOUSING SUPPLY SHORTAGE WILL PERSIST

Will home buyers who are eager for options have more homes to choose from this year?

Yun thinks so. He believes sellers will soon grow weary of waiting to list. “Pent-up sellers cannot wait any longer. People will begin to say, ‘life goes on,’” the NAR economist speculated at a November conference. “Listings will steadily show up, and new home sales will continue to do well.”¹⁰

But not everyone agrees. Economists at Realtor.com forecast that inventory could drop by as much as 14% this year. The decline in existing homes for sale has been compounded by a persistent shortage of new construction, with single-family housing starts falling 10.3% in 2023 and 11.2% in 2022.⁶

Even so, newly-built homes are playing an increased role in easing the supply crunch, accounting for around one-third of all homes for sale in 2023—which was twice the historical average.¹² But new construction alone isn’t expected to fill the inventory gap.

According to First American Financial Corporation’s Chief Economist Mark Fleming, the U.S. currently has a shortfall of around one million homes, and conditions won’t ease until individual owners re-enter the market. “Only when more homeowners decide to sell, and then buy again, will housing supply and the pace of sales return to anything resembling normal.”¹³

​​What does it mean for you?  Inventory remains tight, but buyers can benefit from the search expertise of a real estate professional. We can tap our extensive network to access off-market and pre-market listings while helping you explore both new construction and existing homes in our area.

While sellers will continue to benefit from the low-inventory environment, they should be prepared to compete against brand-new homes. We can help you prep your property for the market and highlight the features most likely to appeal to today’s buyers.

WE'RE HERE TO GUIDE YOU 

While national real estate forecasts can give you a “big picture” outlook, real estate is LOCAL. And as LOCAL and seasoned market expert, I know what's most likely to impact sales and drive home values in your neighborhood. As a trusted partner in your real estate journey, I'll keep our ears to the ground so that we can guide you through the market's twists and turns.

If you’re considering buying or selling a home in 2024, contact me now to schedule a free consultation. Let’s work together and craft an action plan to meet your real estate goals.

Respectfully,

Susan Ochsner - YourHiltonHeadAgent 

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1.     CNN -
https://www.cnn.com/2023/10/19/homes/existing-home-sales-september/index.html

2.     Goldman Sachs -
https://www.gspublishing.com/content/research/en/reports/2023/10/23/2d814362-a656-4cb3-8586-bea8591188e3.html

3.     ABC News -
https://abcnews.go.com/US/millennials-priced-homeownership-feeling-pressure/story?id=105032436

4.     Bankrate -
https://www.bankrate.com/real-estate/housing-market-2024/

5.     CBS News -
https://www.cbsnews.com/news/interest-rates-are-paused-heres-why-thats-good-news-for-homebuyers/

6.     Realtor.com -
https://www.realtor.com/research/2024-national-housing-forecast

7.     NerdWallet -
https://www.nerdwallet.com/article/mortgages/2024-homebuying-trends-property-line-november-2023

8.     Fast Company -
https://www.fastcompany.com/90991612/home-price-2024-outlook-fannie-mae

9.     Freddie Mac - 
https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-drop-below-seven-percent

10.   National Association of Realtors -
https://www.nar.realtor/newsroom/nar-chief-economist-lawrence-yun-forecasts-existing-home-sales-will-rise-by-15-percent-next-year

11.   Bank of America -
https://newsroom.bankofamerica.com/content/newsroom/press-releases/2023/12/bofa-report-shows-fewer-prospective-homebuyers-willing-to-wait-f.html

12.   Marketplace -
https://www.marketplace.org/2023/11/27/mortgage-rates-new-home-sales/

13.   First American -
https://blog.firstam.com/economics/whats-the-outlook-for-the-housing-market-in-2024

Celebrate Sustainably: 5 Ideas for an Eco-Friendly Holiday at Home

It's the most wonderful time of the year. But for many families with festive plans and hectic schedules, it's also the most wasteful. 

According to one survey, for example, 60% of respondents admitted to throwing away more than usual during the holiday months as they filled up their trash bins with uneaten food, wrapping paper, gift bags, and commercial packaging.¹

The reality is, Americans routinely toss about 25% more trash between Thanksgiving and New Year’s than at any other time of year, according to the U.S. Environmental Protection Agency.² In fact, we throw away so much ribbon during the holidays—around 38,000 miles’ worth—that the discarded material could easily run more than one and a half times around the Earth.³

As our holiday schedules grow busier, many of us also forget to take simple steps at home to shrink our carbon footprints or prepare for a more energy-efficient winter. 

Luckily, it’s not that hard to shift our habits and plan for a more sustainable and environmentally-friendly celebration. Here are five ideas for ringing in the holidays this year without overstressing Mother Nature.

1. PREP YOUR HOME FOR WINTER

Depending on the amount of time and resources you have available, you could cut your carbon emissions significantly this season just by winterizing your home.

Investing in a more sustainable way to warm up your surroundings—such as a geothermal heat pump or solar heating—could be especially impactful if your current HVAC is underperforming and you can afford a more expensive system.⁴Replacing old appliances or things like chronically leaking windows with newer, more energy-efficient solutions can also save you money over the long term.⁵ Plus, you may be able to claim a federal energy-efficient tax credit for up to 30% of your investment.⁶

You don't necessarily have to spend a lot upfront, though, to prep your home for winter. Even simple tweaks—such as sealing windows and doors or upgrading to more energy-efficient window coverings—can lower your energy consumption and reduce your carbon footprint.⁷

Incorporating environmentally healthier habits into your routine can also make a meaningful difference. According to the U.S. Department of Energy, for example, dialing back your thermostat by as little as seven to 10 degrees for eight hours a day can trim up to 10% from your bills.⁸

Consider a home energy assessment to help you pinpoint what needs fixing. Depending on your comfort level, you can audit your home's energy efficiency yourself with the help of the Department of Energy's DIY Guide.⁹ Or you can hire a professional, such as a home energy auditor or weatherization contractor.¹⁰ Call us for a recommendation or personal referral. 

2. DECORATE SUSTAINABLY

Decking your home's halls is one of the most jolly seasonal activities of all. There's something special about gathering 'round with friends and family and relaxing in the comforting glow of a festively decorated space. 

But since so much of the holiday-themed decor that's sold in stores is notoriously disposable, it can be a challenge to spruce up your home sustainably. Cheaply produced and rarely recyclable, store-bought decorations are often made with plastic, styrofoam, and other environmentally unfriendly materials that can crowd landfills for generations.²

Luckily, you don't have to trade style for sustainability when making your holiday decor. Thrifting is still in vogue, so consider crafting new and on-trend decorations out of secondhand finds or upcycling items already in your closet. 

For example, you could transform an ill-fitting sweater into a holiday-themed pillow, turn teacups into candles, or turn leftover shipping boxes into creative decorations. Alternatively, natural decor foraged from your yard—such as dried leaves, flowers, pine cones, and branches—can make for especially beautiful wreaths and centerpieces. 

If you do purchase store-bought decor, proactively look for the most environmentally friendly options. LED lights are now ubiquitous in stores and use far less energy than incandescent versions.¹¹ Similarly, if you celebrate with a Christmas tree, think twice about choosing an artificial option. Plastic trees may be reusable, but natural trees are generally thought to have a smaller carbon footprint.¹

3. CUT BACK ON HOLIDAY SHOPPING

Shopping online or at the mall may be convenient, but it can be costly for the environment. The greenhouse emissions from shipping and transportation alone add up fast, as do the emissions that are produced when an item is first made. According to the online consignment and thrift store, thredUp, 4.5 billion pounds of carbon emissions could be saved if every American bought just one used item instead of new this year.¹²

Splurging on brand-new products also makes it more likely that the gently used but still functional items that you've got at home will wind up in the trash. 

Rather than buy new, check vintage stores and consignment shops for unique gifts that you and your recipient can both feel good about. According to research by thredUp, most people are open to receiving gently-used presents, especially if they're socially-conscious members of Gen Z.¹² Alternatively, consider regifting items that you haven't used, upcycling something you own, or try crafting gifts by hand. 

Giving away special experiences, such as concert tickets or community memberships, may also be a more eco-friendly option. So is donating to a favorite charity in a gift recipient's name or offering gifts of time, such as promising to help a loved one clean out their garage or fill their freezer with home-cooked meals. 

Research shows that gift recipients often value thoughtful gifts with sentimental value, especially if they're homemade or nostalgic or will provide them with a unique experience.¹³

And if you prefer to buy something tangible, look to local businesses that source or manufacture their goods nearby. Craft fairs and community markets are a great place to start. Or, give us a call and we’d be happy to share a list of our favorite local stores, depending on the type of gift and your budget. We make an effort to patronize the independently-owned shops and restaurants around town and would love to share our recommendations.

4. GREEN YOUR HOLIDAY DINNER

Do you hail from a family of passionate carnivores? If so, trading your meat for a vegetarian option may seem like a step too far—especially for a holiday dinner. 

But swapping your meat for beans isn't the only way to “'green” your holiday meal. For example, you can consciously source your meat from ethical sellers, prioritize local producers for seasonal sides, and serve enough filling vegetables to satisfy a large portion of your appetite.¹⁴

You can also minimize food waste by planning ahead so that you don't cook more than necessary. Check out the Natural Resources Defense Council's dinner party “Guest-Imator” to help you narrow down how much food you and your guests will actually need.¹⁵ In addition, consider using the USDA's FoodKeeper App to help track safety recalls and set up calendar reminders for expired food.¹⁶

Once you're finished eating, clear the table immediately and either freeze the leftovers you'd like to keep or send guests home with reusable containers. Or, if you have untouched food that's still whole or in unopened packaging, take it to a local food bank or homeless shelter. We’d be happy to share a list of options in our area.

5. DONATE OR RECYCLE WHAT YOU CAN

Once the festivities are over, the real work on behalf of Mother Nature begins. This is the time when taking a few minutes at the end of your holiday celebration to swiftly collect wrapping paper and ribbons, unwanted packaging, and other discarded items can make a real environmental difference by reducing what you send to landfills. Your goal should be to reuse what you can and compost or recycle what's left over. 

For example, if you upgrade any electronic gadgets over the holidays, you can conserve resources and limit pollution by donating or properly recycling your old versions. The U.S. Geological Survey estimated that recycling a million laptop computers could help save the energy equivalent of 3,500 homes' annual usage of electricity.¹⁶ Similarly, the EPA says that recycling one million phones can help salvage 35,000 pounds of copper, 772 pounds of silver, 75 pounds of gold, and 33 pounds of palladium.¹⁷

It can also help to reimagine new ways to make old traditions more eco-friendly. For instance, if lighting candles is part of your holiday celebration, consider choosing beeswax candles this year instead of the typical paraffin wax, which is a petroleum derivative. Not only are they cleaner burning and less toxic, but the leftover wax is biodegradable and can be composted, unlike traditional candle wax.¹⁸

There are also plenty of earth-friendly ways to dispose of a natural Christmas tree without kicking it to the curb. Trees that are sent to landfills release a potent greenhouse gas called methane.¹⁹ So, it’s important to properly dispose of a live tree, if you have one, so it can be recycled or composted. If you’re not sure how, reach out for a list of local options.

BOTTOMLINE

We can still celebrate a fun and festive season without draining our community’s resources or sending leftovers to the landfill. And remember, we’re here to lend a helping hand, now or in the new year. This is the perfect time to strategize your next move or set some real estate resolutions with personalized guidance from an expert. Reach out today to schedule a free consultation.

Respectfully,

Susan Ochsner

YourHiltonHeadAgent.com

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

Sources:

1.     Eco Watch -
https://www.ecowatch.com/sustainable-decor-winter-holidays.html

2.     Architectural Digest - https://www.architecturaldigest.com/story/best-holiday-and-seasonal-decor-for-the-environment

3.     The New York Times -
https://www.nytimes.com/2019/12/18/style/zero-waste-holiday.html

4.     Environmental Protection Agency -
https://www.epa.gov/burnwise/heat-pumps  

5.     U.S. Department of Energy - https://www.energy.gov/eere/buildings/articles/appliance-and-equipment-standards-fact-sheet

6.     IRS -
https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credit

7.     Energy Star -
https://www.energystar.gov/saveathome/seal_insulate/sealing_window_door

8.     U.S. Department of Energy - https://www.energy.gov/energysaver/programmable-thermostats

9.     U.S. Department of Energy -
https://www.energy.gov/energysaver/do-it-yourself-home-energy-assessments

10.   Kiplinger - https://www.kiplinger.com/slideshow/real-estate/t029-s001-12-ways-to-prepare-your-home-for-winter/index.html

11.   U.S. Department of Energy - https://www.energy.gov/energysaver/articles/reduce-waste-and-save-energy-holiday-season#

12.   Thred Up - https://newsroom.thredup.com/news/thredup-releases-thrift-for-the-holidays-report-revealing-that-new-waves-of-consumers-are-planning-to-gift-secondhand-this-year

13.   The Conversation - https://theconversation.com/the-4-biggest-gift-giving-mistakes-according-to-a-consumer-psychologist-195169

14.   Popular Science -
https://www.popsci.com/story/diy/sustainable-holiday-strategies/

15.   Natural Resources Defense Council -
https://savethefood.com/guestimator

16.   USDA -
https://www.usda.gov/media/blog/2018/10/04/usda-updates-foodkeeper-app-include-new-food-items

17.   U.S. Environmental Protection Agency -
https://www.epa.gov/recycle/electronics-donation-and-recycling

18.   CanICompostIt.com -
https://canicompostit.com/candle-wax/

19.   CNN -
https://www.cnn.com/2022/11/25/us/real-or-artificial-christmas-tree-climate/index.html

So today is November 15 and we had the NORTH tour for realtors on Hilton head Island.

Hilton Head Plantation

20 Coopers Hawk Road in the Pineland Subdivision of Hilton Head Plantation is under contract while the tour sheets were printed out last evening. It is a three bedroom two bath, under 2000 ft.² and under contract at the price of $779,000. On to the next one.  1 China Cockle Way -  This corner lot stucco home with high ceilings (some popcorn ceilings but not in living room) has curb appeal. The home had a nice flow with huge master that overlooks the serene lagoon and back yard and had its own door to access the backyard. The garage walk to kitchen was short and doable and went through the laundry room, which is nice and spacious. This location is exceptional, being only a few steps from the sound. It does need a little bit of updating, particularly  the half bath in its rose/pinkish color but the bones and the space of the house seemed quite good. Priced at $1,050,000 for 3 bedroom, 2.5 bath and 3,152ft.² in a very desirable area of the community. 

Palmetto Hall

Cul-de-sac home in 36 Timber Marsh Ln. has a three car garage, updated kitchen and baths a large master closet walk-in (carpeted). Natural light throughout and shiplap in living space and other areas. Unique view of lagoon and golf cart path in the backyard. Main floor had living area, kitchen and master suite with office or fifth bedroom. Upstairs had a step down to bonus are above the garage and three more bedrooms, two of them sharing a bathroom but each with its own vanity. Lots of carpeting and railings painted black. Nice attic space for expansion and/or storage. A tasteful remodel with four bedrooms, 3.5 baths and 3700ft.² for $1,350,000/

WIndmill Harbour

Today in Windmill Harbor a new build was featured. 4 Sailwing Lane. A four bedroom 4 1/2 bath new home listed at $2,249,000. Situated on three floors but with an elevator for tired folks like me. Bottom floor featured the two car garage and a bonus room that could also be a bedroom as it did have its own bath. Next floor had the kitchen, living and dining space with a balcony overlooking the Harbour. The last floor had three bedrooms that included the main bedroom. All new and builder grade with an exceptional view. I loved the tiles on the bathroom and wet space the most.

Spanish Wells

And finally my last property to tour was a luxury priced home at 70 Bramms Point Rd., a five bedroom five bath and 2/2 baths $8,000,000. This home sits on a fantastic lot (could be a double lot, need to check). The current owners bought the land in 2017 for $1,400,000 and built this custom home. A large entry area open to the kitchen with an exquisite range, dining room to the left and large Living space to the right. Upstairs there were three bedrooms, of which the master overlooked the intracoastal waterway. What I thought made this property unique where the two freestanding pool houses on each side of the property beside the pool. The one to the left featured living space with two bedrooms upstairs and its own laundry. To the right the pool had  living space with a bathroom that could be another bedroom. This freestanding  bedroom also had steps going down to the garage and the basement area. The garage had a circular driveway underneath the home. If you look on the map, you will find out what an exquisite piece of property holds this 8000ft.² home.

Hilton Head General

Two condos in the Hilton head area: Summer house unit K 27, a two bedroom two bath for $399,900 and The Spa on Port Royal Sound unit 1322 , a two bedroom two bath condo listed at $435,000. This unit is in the building closest to the sound. Summerhouse is off Marshland Road, a very central location near the Cross Island.

Thank you for reading about the Realtor Tour of today. Remember that I am here to help you with all your real estate needs, so please do not hesitate to contact me at 843-816-6388 Thank you!

Respectfully submitted, 

Susan Ochsner

yourhiltonheadagent.com

Hello and thanks for reading about our weekly Realtor Tour for homes and condos in the Hilton Head Island area.

 We started at 221 Grandview, a three bedroom 3 1/2 bath condominium within the Skull Creek neighborhood within the Hilton Head Plantation Community. This second floor unit is a luxurious 3000 ft.² condo. The backsplash in the kitchen has been updated but everything else seemed to be the developer grade when these were built and the floors were pretty scratched in the living room. Of course, that can all be updated and fixed. My main negative was the master was to the front of where you drive in, and being on the second floor, it did not allow lots of privacy or view (which was the entry road).  Large terrace off the bedroom but its view was not of the water. The third bedroom had the best view of the water but at this price I felt like there are other opportunities.

Next we went to 10 Royal Crest Dr. this is in the Port Royal Community, a large beach community that is not very known by visitors or potential buyers. Five bedrooms six bathrooms and one 1/2 bath for $2,495,000 This was an extremely unique home it was built in 1973 but had many additions to the main home and boasted of 7000 ft.² It was a very unique home with a master suite area that included a spa exercise room, a hot tub, plus a Japanese car garden complete with Koi pond! The entryway had a great room facing some stairs to the second floor,  but a very cool architecture. Upstairs had its own bar area with hang out space and a beautiful view of the green. The kitchen was walled in and not open, but had a Butler's pantry with the dining room to one side and the breakfast room to another side. Large rectangular pool in the backyard and an out side kitchen. This was a really nice entertaining homes I have recently seen.  Worth the visit but again not what every buyer is looking for these days.

Next we went to 13 Full Sweep in the Palmetto Dunes community's Mariners area. a six bedroom 6 1/2 bath home ,brand new built and listed at $3,695,000. What can you say to a new home it was absolutely beautiful! This property backed up to a small lagoon but there is no dock to put your little boat into. If newer is what you were looking for then this one is one to consider but please keep in mind it's proximity to the beach is more of a bike ride. Beautiful new home.

Next we went to 35 Full Sweep, a five bedroom five bath home $2,199,000. I actually liked this one more than the newer home and it's $1.5 million less. This property was also special because it was on the lagoon system and had a dock. That made it very cool but it's smaller and not as new as #13.

502 Queens Grant was a 2 bedroom, 2 bath condo with 1,447 ft2 for $669,000. It was an amazing modern chic villa, but I felt it was very dark and had nothing to do with a beachside community as in Palmetto Dunes as most buyers are looking for a Lowcountry or "Beachy" look. I pictured this condo more in the mountains of Colorado. It was beautifully done, no question about that. Again for a buyer that longs for the mountains and wants a darker place with black ceilings in the bedrooms this is the chic one for you.

We then went to 5 Saint Johns Pl. in the Shipyard community. Five bedroom, three baths two half baths for $1,249,000. This home had a lot of space and was built in 1984 with a lagoon in a pool and a 3875 ft.² The faux walls and interior design was beautiful but very feminine. My new associate Jack did not seem to care for this one as much due to its very feminine but unique style. The master bedroom is on the second floor and the third floor was attic space that was built out. An interesting property nonetheless.

The last one in shipyard was 101 Townhouse Tennis Club, a three bedroom three bath $775,000. I showed this one recently so I did not go see it today, but I can tell you that it's nicely appointed and clean as a whistle. There were some areas that still had popcorn ceilings and the floors did squeak a little bit on the second floor. Beautifully appointed nice corner unit. The curb appeal was lovely the backyard looks into the regime pool. One bedroom up two bedrooms on second floor.

Lastly I went to 2507 Fairway Oaks Villas, a two bedroom, two bath $799,000. It does have a garage and is priced appropriately for a two bedroom condo within Sea Pines. Nice smooth ceilings but there are no rent short term rentals are allowed. Beautiful golf view and about 1846 ft.² That about wraps it up for me the properties were wonderful to see. Unfortunately I did not have time to see a new build at three Creek Landing Trace, a three bedroom 2 1/2 bath for $599,900 in the Spanish Wells area.

So that wraps up what I was able to see. If any of these or any other property on the island intrigues you, please reach out to us so we may help you. We can also keep our eye out for anything that may come up in the market as we are full-time Realtors, ready to serve you! 

Thanks so much for reading and have a great day!

Susan Ochsner

yourhiltonheadagent.com

(843) 816-6388