RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Unpacking Summer's Hottest Housing Trends – Pt. 2

July 20, 2016 1:21 am


Part 1 of this series, which breaks down three of summer’s hottest housing trends—named by ApartmentList.com—sized up the micro apartment movement, currently gaining steam in cities like San Francisco and Seattle.

Co-living is another trend to watch this season, according to ApartmentList.com. Co-living arrangements are ideal for those looking for communal habitation.

Co-living arrangements are often comprised of multiple residents sharing a house, or sharing full floors in apartment buildings. Most co-living units are fully-furnished with unlimited essentials like coffee and toilet paper. Residents in the co-living arrangement share amenities like the kitchen, laundry room, workspace, gym or spa.

Companies who manage co-living units generally offer leases on a month-to-month basis, in response to mobile lifestyles. The cost of co-living is cheaper compared to a typical apartment of the same size—in San Francisco, for instance, the Coliving Club costs $998 per month.

Dezeen.com—home of one of industry’s most well-known architecture and design magazines—recently featured New York City's WeLive co-living project, a development of 200 fully-furnished and serviced shared residential units. The feature reports prices start at $1,375 per person for a space in a shared unit and $2,200 for an individual studio, plus a monthly amenities fee of $125.

For now, co-living appears to be a viable arrangement in cities, where space comes at a premium. Will co-living take hold in outlying areas? Time will tell.

Stay tuned for Part 3 of this series: tiny houses.

For more summer housing trends, visit ApartmentList.com.
 

Published with permission from RISMedia.


Tags:

3 Tips for Homebuyers in a Competitive Market

July 20, 2016 1:21 am


(BPT)—Homebuyers traditionally face competition at the height of real estate season. Now, with market indicators reaching record post-recession milestones, competition is stiffer than ever.

To gain an edge as a buyer, real estate professionals advise:

Getting Pre-Approved – Getting pre-approved for financing will give you significant leverage in negotiations with the seller—and knowing exactly what you can afford will keep you on track if a bidding war ensues.

Thinking Long-Term – As a homebuyer, your decision regarding which home to purchase should align with your future expectations. Planning to grow your family? Consider a larger house in need of work instead of a completely updated two-bedroom bungalow. Looking to downsize? Consider purchasing a ranch home without stairs.

Researching the Neighborhood – Researching areas in advance can save you time spent hunting for houses that do not suit your needs. Do you need easy access to commuter rail and bus lines? Where will your children attend school? These factors, and more, will influence your home-buying decision.

Keep in mind that in addition to these tips, the best ally in a competitive market is a real estate professional. If you’re ready to purchase a home, contact your local real estate agent for guidance.
 

Published with permission from RISMedia.


Tags: