Hot Real Estate Markets in Atlanta

The metro Atlanta real estate market continues to climb, making substantial gains over the last several years. There’s no better time to buy a home in Atlanta. Which are metro Atlanta’s real estate hotspots in 2017?

Hot Markets in Metro Atlanta

  • getting new keysSmyrna. The development of SunTrust Park, the new home to the Atlanta Braves, has made property value in Smyrna climb. Home values climbed nearly 10% between 2015 and 2016. Smyrna’s amenities, diverse demographics, and proximity to the city—just 10 miles Northwest of Atlanta—also make it an attractive neighborhood for young homebuyers.
  • Chamblee. An urban city in DeKalb County, homes in Chamblee stay on the market for an average of less than 25 days, making it one of the hottest neighborhoods in metro Atlanta. Market trends indicate that homes in Chamblee will continue to appreciate.
  • Cumming. A thriving city with a small-town feel, Cumming attracts young families to metro Atlanta. Close to the amenities of the city, Cumming boasts its own family-centric neighborhood amenities such as fairgrounds, playhouses, and a water park. Real estate prices in Cumming have increased 8% over the last two years, and homes continue to appreciate in value.
  • Alpharetta. Ranked the #1 suburb in metro Atlanta by Motovo, Alpharetta has a median home price of $384,475. It has many amenities valued by families and young professionals, including swimming and walking trails, shopping, and a variety of concerts and festivals. With a top-rated school system and its proximity to Atlanta, the demand for homes in Alpharetta continues to increase.

Need help buying a metro Atlanta home? Contact The Premier Group real estate firm.

Which Home Upgrades Are Worth It?

When you buy a new home, you want the best. But some builder upgrades simply aren’t worth the money. How can you tell the quality home upgrades from the window dressing? Let The Premier Group help!

Cost-Effective Home Upgrades

Whether you’re building a new home or renovating to sell, it pays to know which home upgrades are worth the money.

  • Couple building a homeGranite countertops. Homes with granite countertops sell for an average of 4.1% more than anticipated. Although they may not increase the property value for every home, granite countertops are a worthwhile upgrade for most homeowners.
  • Solar vents. Solar vents cost about as much as a quality ceiling fan, but when installed in the attic, they’re an easy way to cool down the house without using electricity. Hello, lower electricity bill!
  • Bathroom vanity. Like granite in the kitchen, upgrading the bathroom vanity offers a high return on investment for a comparatively low installation cost.

DIY Home Upgrades

Alright, you’ve let the pros handle granite countertops and kitchen cabinets. Now it’s time to get your hands dirty! These DIY home upgrades can increase home value with minimal investment.

  • Paint. A fresh coat of paint can transform a room, update old cabinets, and add shine to banisters and stairs. Choose neutral tones to make your investment worthwhile.
  • Thermostat. A smart thermostat makes a home feel modern and sleek. It’s also a great energy-saver, which makes it an attractive home addition.
  • Landscaping. Improving curb appeal is a failsafe way to improve the value of a home. Keep the lawn trimmed and healthy, remove any yard debris, and install a few colorful flowers near the porch and mailbox.

Want to know a real estate secret? If you can DIY it to sell your home, you can DIY it after buying a home. Shave costs when purchasing real estate by painting, landscaping, and making minor home upgrades yourself.

Do you need help buying a home in Woodstock? Contact The Premier Group, a partner of Keller Williams Realty.

2017 Crowdfunding Trends in the Real Estate Industry

Real estate crowdfunding has moved beyond a buzzword into an ever evolving, multibillion dollar industry for both investors and buyers. The market is finally settling in, moving past the hype into an industry with tangible trends and real returns. What are the biggest crowdfunding real estate trends in 2017?

All Eyes on Institutional Capital

pile of coinsWhile crowdfunding efforts are an attractive way to allow personal investors to invest in real estate ventures, institutional investors have more funds to offer. When bigger investors remove their funds, crowdfunding companies take a major hit. That’s why companies like Prosper have renewed their efforts in attracting institutional capital for real estate investments. A healthy mix of individual investors and larger, stabilizing sources of capital is necessary for crowdfunding companies to succeed in real estate.

Make Way for Non-Accredited Investors

New regulations clear the pathway for non-accredited investors, and online crowdsourcing sites should start laying the groundwork to invest their capital. For many companies this means developing eREIT options, which are public, non-traded REITs that give investors flexibility like lower minimums and the ability to withdraw their support at will.

Consolidation Is Key

Crowdfunding is still the hot new trend in real estate, meaning hundreds of startup companies are cropping up each year. As crowdsourcing companies stabilize, the smaller, less successful ones will fall away, allowing for the emergence of clear hard hitters in the real estate crowdfunding industry.

Are you searching for a Northeast Atlanta real estate firm you can rely on? Contact The Premier Group today.

When Should You Lock In a Mortgage Rate?

A rate lock ensure buyers a fixed mortgage rate in case of interest fluctuations prior to closing. But it could also lock buyers into paying a higher rate if mortgage rates decrease. When should buyers lock in mortgage rates?

You’re Under Contract

If you’ve made an offer, the seller has accepted it, and you’re under contract to buy a house, you may want to extend your rate lock. Most lenders will lock in mortgage rates for 30 days, but if you or the seller needs longer than 30 days to close on the home, you’ll want to extend your lock-in. You should be able to secure a 90 day, 120 day, or 150 day rate lock, but it will likely cost you to extend the fixed mortgage rate past 30 days.

Climbing Interest Rates

If interest rates are on the rise, lock in your mortgage rate as soon as possible.

house rates fluctuating conceptUnsteady Interest Rates

Locking in a mortgage rate offers buyers stability in a market with interest rates that rise and fall frequently. The earlier you lock in your rates, the less stress you’ll experience when looking for a house.

You Need More Money in the Bank

You may need to lock in your interest rates to qualify for a loan. Many lenders won’t approve a loan to someone who stretches their budget too thin. If an increase in interest rates could put your monthly mortgage payments above 28% of your income, lock them in, or you may find your loan denied.

Do you need help finding a home in Woodstock? Call The Premier Group to find your dream home.

Selling Your Home to Second-Wave Baby Boomers

With over 76 million baby boomers currently residing in the U.S., many who are in the process of downsizing in preparation for retirement, baby boomers make up a vital part of the real estate market. But there are major differences in what first and second generation baby boomers prioritize in potential homes. What are the factors that will help you sell your home to second-wave baby boomers?

Real Estate Trends among Second-Wave Baby Boomers

Clear trends emerge when surveying second-wavers about their real estate needs. As many younger baby boomers become empty nesters and start planning for retirement, their image of an ideal home changes. What do second-wave baby boomers look for in a home?

  1. couple on walk - fallLocation. Younger baby boomers want homes in dynamic neighborhoods that are close to a variety of restaurants, entertainment, and shopping. They also prefer neighborhoods with community amenities like pools, hiking trails, and golf courses.
  2. Price. 37.4% of second-wave baby boomers prioritize affordability when buying a new home.
  3. Floor plan. Second-wave baby boomers are thinking ahead, choosing homes with layouts that easily adjust to limited mobility as they age. Living spaces with fewer stairs, ample doorway space, and easily accessible cabinets appeal to younger baby boomers. The most important areas to consider when buying real estate are the kitchen, master bedroom, and great room. Many second-wavers also look for spaces with an easy transition from indoor to outdoor spaces.

Are you selling a home in Woodstock? We know how to appeal to the market. Call The Premier Group real estate firm to help you stage and sell your home.

4 Cheap Ways to Boost Home Value

color swatches and plansOnce you have made the decision to sell your home, you want to make sure that your home is set to bring the most prospective buyers and the biggest offers. It’s important to remember that you don’t have to make a huge investment into a renovation budget to sell your home this spring. Here are four inexpensive ways to boost your home value.

Soak In The Savings

Surprisingly, this space won’t need a ton of cash to see real improvement. Easy DIY projects that will bring a great return on your investment can include everything from a new toilet seat to an inexpensive new faucet or pedestal sink. If the bathroom flooring could use some love, consider easy-to-apply vinyl tiles. In most cases, these super simple tiles can be applied right over the existing floor.

Let The Light In

Often overlooked, natural light is certainly an important factor. Let the light in by removing those dark, heavy draperies and replacing them with a neutral color in a lighter material. This simple and inexpensive update gives prospective buyers a better understanding of how they can use the space.

Staging Really Makes A Difference

Staging really does make a difference, especially when selling your home during the busiest season for real estate. When you need that extra boost that will set your home apart from the rest, home staging should definitely be at the top of your list.

Bring The Heat To The Kitchen

It’s no secret that the kitchen is the heart of the home. This space serves as a hub for family dinners and gathering with friends. With a small investment, you can make this space work for you. Replacing the kitchen faucet, cabinet hardware, and outdated light fixtures are great ways to spruce up the space.

Smart Features Homebuyers Want in 2017

woman on her smartphoneDigital technology has opened up a world of cost-effective products in the smart home industry. Once upon a time, home security systems and automated home features were reserved for wealthy homeowners. Thanks to wireless technology, smart home features have never been more affordable or easier to install. The following details the top smart features homebuyers want in 2017.

Alarm Systems

Modern wireless alarm systems offer better security and a wide range of additional add-on components that simply weren’t possibly with their wired counterparts. You can control and monitor video cameras, smoke detectors, carbon monoxide detectors, light fixtures, thermostats, door and window locks, and more from any computer or mobile device with internet access. You can also arm and disarm your security system remotely.

Solar Powered Technology

Solar powered path lights illuminate walkways and staircases without electricity. You’ll have lighting that turns on at dusk and turns off at dawn without any type of switch or timer. Home solar panels further offset your energy costs while helping combat greenhouse gas emissions. Even if you live in a climate without ample sunshine, most likely you’ll generate enough solar power to supplement your traditional energy source.

Amazon Echo

The voice-activated Amazon Echo is connected to the internet to help homeowners with an extensive range of tasks from answering questions to ordering pizza for delivery. If you have an existing home system, you can integrate the Echo to enable many of the previously mentioned smart home features, such as turning on and off the lights and adjusting the thermostat.

If you’re planning to put your home on the market this year, smart home features are a great investment. Making a few basic improvements and staging your home ensures a quick sale at asking price. For more tips on selling your Woodstock home, contact The Premier Group.

Should Millennials Buy Homes?

Contrary to popular belief, a good number of millennials want to move from renting to homeownership. Many of the factors preventing millennials from buying homes arise from a lack of knowledge. With the right information, these young people can make the smart move of buying their own homes. What do millennials need to know about the real estate market?

Consider a few issues

young woman with house keysBefore making a decision to buy a home, it’s important to consider how long you plan to live in that area. If you’re planning to move within the next few years, buying a house isn’t a sound investment. You should also be aware of the real cost associated with owning a home, which includes upkeep and property taxes as well as the mortgage.

Find out your credit score

Whether or not you qualify for financing for buying a home will depend on your credit score. Get a report on your credit score, and look out for any errors or changes in the information as you search for a house. Better credit scores will help you to access more financing.

Start saving for the down payment

Before you take out a mortgage, most lenders will require you to have a certain amount for a down payment. If you do not have enough money saved up, you should start saving towards meeting the set amount.

Don’t postpone home buying

Most millennials postpone buying their own homes, believing that they cannot afford it. Following these steps will make the process of acquiring a home much easier. A mortgage calculator will help to establish how much one will pay in monthly installments.

Before you start searching for a home, ensure that you have prequalified for a mortgage. This help you determine what type of home to look for. At The Premier Group we offer the best advice to help you find a home in Woodstock.

Should You Buy or Rent in the Atlanta Market?

Should you rent or buy a home in the city this year? Atlanta real estate market trends show a rise of 7% in house sales during 2016, even though the average price of square foot increased from $174 to $192. So what are the factors that attract people to choose buying over renting?

It Is Cheaper to Buy Than to Rent

buy or rent a home?In the current economic climate of uncertainty and job insecurity, meeting monthly payments has become a major point to consider for many people when making big decisions. A study by ATTOM Data Solutions shows that buying is the more affordable option both nationwide and locally. The data for most metro counties indicate that renting is more expensive than owning a property, and in some counties rents are higher than 40% of average incomes.

Long Term Benefits of Home Ownership

If you can regularly make mortgage payments, the rising prices of Atlanta properties may bring you capital growth in the long run. As the suburban areas keep developing, this rise in the value of homes is expected to continue at least until 2020 at a rate of 5% per year. Recently built amenities and new job opportunities in the outer suburbs have made these areas attractive to prospective buyers, and the expected population is likely to continue driving the prices up.

Control Your Budget

Due diligence on different financial products can pay off, and a piece of advice from experienced professional can be valuable. Woodstock’s The Premier Group is an agency made entirely of locals who know the Atlanta real estate market and can offer advice on the right choice of property, whether should you rent or buy a home, and how to evaluate mortgages, which if understood properly can bring long-term savings. Contact us to help you find a property in metro Atlanta.

5 Reasons We Love the Highland Park Community

park

If you would enjoy living surrounded by nature within a beautifully designed urban environment you might want to check out Highland Park subdivision, featuring some of the finest new construction homes in Woodstock, GA.

The homes are situated at Dupree Rd and Goshen Lane. The complex is a pedestrian-friendly Traditional Neighbourhood Development (TND), consisting of 19 family detached houses and 3 townhouses. In its center is a park which provides beautiful views and community patio with outdoor fireplace. The detached houses are double porches, blending traditionally looking exterior with the modern interior and quality fixtures and fittings. Fixtures include fireplace, bookshelves, hardwood timber floors, granite kitchen benchtops and spa-like bath with a soaking tub.

A short stroll from the complex is picturesque downtown with its restaurants and retail shops. Besides all the regular amenities the town provides, some of the downtown’s features worth mentioning are Greenprints Trail System, City Concert Amphitheater, spas, salons, Farmer’s Market, Woodstock Dog Park, Elm Street Cultural Arts Village and more. In 2007 Woodstock was the tenth fastest-growing suburb in the United States. Originally a separate town, it is now a part of Atlanta metropolitan area.

The Premier Group (TPG) is located at 8604 Main Street. Their team is made entirely of locals who know the town well and understand various aspects of living in the area. You can contact this experienced team of real estate professionals if you would like to know more about the new construction homes in Woodstock, GA, and visit the newest development Highland Park subdivision.