April 4 2020

Six Simple Home Projects to Work On While Social Distancing

by racheal

 

With the current pandemic of COVID-19, many have more time on our hands than ever before while being at home. Although eating all of the quarantine snacks and watching every series Netflix has to offer may seem like a great idea, there may be a few other options to keep you occupied while you await further instruction. Tackling your “honey-do list” is a great idea when you’re in search of a project that will occupy your time and also add value to your home. The lines may be a little more bearable at your local hardware store compared to the grocery store right now and you can always order supplies online to be delivered right to your door. Just remember to sanitize anything that gets delivered and handle with care. Here are a few simple home projects to work on while you are practicing social distancing.

 

Add curb appeal

 

Start a small garden in your front yard, paint the steps of your porch, or lay down a brick border along your cement sidewalk or driveway. You can also add a coat of paint to your front door along with upgraded hardware to really make your home stand out to the naked eye.

 

Start a garden

 

Adding a garden of beautiful flowers is the perfect way to brighten your mood during these uncertain times as well as pass the time away. It’s a project that will always keep you busy with maintaining the life of plants and even some fruit and vegetables not to mention fewer trips to the grocery store. 

 

Upcycle old furniture

 

If you have been stashing away those garage sale finds or maybe have a few pieces around your home that need to be updated, now is the time to put in a little elbow grease. The possibilities are simply endless. You could add a coat of paint and new knobs to an old dresser or reupholster an antique accent chair. Revamping just a few pieces in your home can change the entire look of a room or two.

 

Install new house numbers

 

Add a little flair to your address numbers on your home by making them unique. Visitors won’t have any issue finding your home with custom house numbers that differ from your neighbors. You can choose to add color or maybe different style font or enlarge them.

 

 

Paint a room or add an accent wall

 

Social distancing in a home full of plain white walls can be a drag. Grab a bucket of paint and make it a family project that even the kids will enjoy. You can paint one wall to serve as an accent wall or an entire room with fun colors that will brighten up your day.

 

Patch up the drywall around your house

 

Between the family dog and lots of little ones running through the house, it’s safe to say that most homes have a few digs on the walls that tell a story. Take this time to patch up the drywall throughout the house so there are no more small holes and nicks exposed.

Break up the monotony and write a list of all of the things that need to be done around your home or list all of your dream projects and tackle them while you have a few extra moments of time. This is a great way to bond with your family members at home or to clear your mind and listen to your favorite music alone. Keeping yourself productive during this time is a great way to keep your mind at bay.

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March 20 2020

To Buy or Not to Buy? Is Buying a Home During the Coronavirus Pandemic a Good Idea?

by racheal

For sale sign in front of a new home

The Coronavirus also known as COVID-19 has many people up in arms across the globe and for good reason with over 13,000 known cases reported in the U. S. alone.  This virus has hit the economy in a major way with an interruption and even a complete halt of supply chain productions. Along with the travel industry and foodservice industry, this is bringing up concerns for the future of the real estate market during these trying times. Not even real estate is immune from the impact of the Coronavirus.

 

The Pandemic has affected everyone

 

Due to the urge of having to self-quarantine and the push for school closures across the U. S. for several weeks, many American workers have been forced to stay at home with their children, and many have been left jobless as a result of this. For those companies that do not offer the option or ability for their employees to work from home, many are left wondering how they will be able to pay their bills and feed their families in the coming months. Many small business owners have also seen a vast decline in sales with people remaining isolated.

 

Emotions are leading most decisions to buy real estate right now

 

With stats changing daily and many living in a world of uncertainty, it can be easy to question what to do with some of the biggest financial transactions such as buying or even selling a home. Although many people will have less money and less access to funds during this time, the real estate market has not yet been deeply affected as some may think. There is a slight decrease in both buyers and sellers due to the current state of the world right now based mainly on emotion. 

 

Some seem more optimistic and eager to buy while rates in the housing market are so low. Those willing to enter the housing market with high hopes have the benefit of low rates and are jumping on the opportunity pretty quickly. The housing stock will be more attractive to many than what it is to rent being that some are currently considering buying a new home to take in more family members during the time because of the effects of the pandemic.

 

There may be opportunities for price discounts for those buyers that choose to stay in the market during this time while others are pulling out allowing their emotions to get the best of them which is truly understandable.

 

What does the future of the real estate market look like?

 

There is a possibility that history can have its way of repeating itself. We can look at recent historical events such as the Swine Flu, SARS epidemic, and MERS and other aggressive Flu strains to get an idea of how the COVID-19 will affect the housing market in the coming months. History has shown that the housing market typically can remain stable during disruptions like these with only a slight fall in sales. Although this may be true, the economic impact of the pandemic COVID-19 is greater than the impact of SARS and others like it. It may take a little longer to see a significant rise in sales again when things finally begin to blow over.

 

As far as a long term outlook on the effects of the Coronavirus to the housing market, home prices may remain flat or creep up slower than they have since 2012. In short term, realtors are already seeing a decline of 10% in home sales due to loss of employment with citizens having to self-quarantine and make use of social distancing to reduce the risk of spreading this virus.

 

If you are on the fence about what your next steps should be during this very uncertain time, just know that you are not alone. The decision of whether or not to buy or sell during this time is simply situational. Take the time to weigh out the pros and cons and evaluate your current and possible financial situation to make the decision that is best for you and your family. The coronavirus will have a positive impact on the U. S. Real Estate market if the interest rates remain low and if you are willing to take the risk, right now is a good time to get your feet wet and experience more inventory, low-interest rates, and better pricing.

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