Interest rates do not seem to be going up anytime soon, but some have an inkling
that they will ascend during the dog days of summer or as the leaves fall. For the
time being, sellers are selling and buyers are buying within the existing framework,
and it is a glorious time for consumers and agents alike. With a general nationwide
increase in both new listings and closed sales, markets across the country have
seen upward mobility with housing. Now let's see if the local market is following
the prevailing national trends.
In the Twin Cities region, for the week ending June 20:
• New Listings increased 7.5% to 2,051
• Pending Sales increased 13.9% to 1,366
• Inventory decreased 7.3% to 16,732
For the month of May:
• Median Sales Price increased 6.5% to $223,755
• Days on Market decreased 5.0% to 76
• Percent of Original List Price Received increased 0.7% to 97.5%
• Months Supply of Inventory decreased 9.8% to 3.7
Source: Minneapolis Area Association of Realtors
Tuesday, June 30, 2015
Monday, June 29, 2015
Design Tricks for Open Floor Plans
Open floor plans are fabulous. They allow for lots of interaction and give a spacious feeling to any home. But they do come with some decorating challenges.
Today we offer advice on how to handle open concepts designs to create a cohesive space.
The kitchen is the priciest portion of an open floor plan, as well as the costliest to change. It makes sense then to base the rest of the houses off of the design of the kitchen. Choose your colors and material choices based on your kitchen. Your cabinets will inspire your wood tones or colors, your appliances and hardware will inform your metal finishes. Repeat these elements throughout the living and dining spaces.
A single flooring material throughout the space will allow for the most flexibility while allowing you to ensure that the spaces flow together well. Designate different zones with area rugs.
Since there is so much to see in an open floor plan, sticking with a few closely related tones for furnishings and decorations helps give a sense of calm and unifies the space. Coordinate throw pillows, decorative elements, and even dishes if they will be on display.
While limited colors are a good thing, you don't want your space to be too monotonous. Add a focal point to each room to liven up each space. Focal points can be almost anything from a beautiful chandelier to a back splash to a piece of art.
As great as an open concept is, there is a limit to how much people may want to be together. Have a room or space away from the main living areas where people can go for a quiet moment to read, rest or relax.
Source: Michelle Schwake for Stafford Family Realtors, all photos from Zillow Digs
Today we offer advice on how to handle open concepts designs to create a cohesive space.
Play Off Of The Kitchen
The kitchen is the priciest portion of an open floor plan, as well as the costliest to change. It makes sense then to base the rest of the houses off of the design of the kitchen. Choose your colors and material choices based on your kitchen. Your cabinets will inspire your wood tones or colors, your appliances and hardware will inform your metal finishes. Repeat these elements throughout the living and dining spaces.
Unify With Flooring
A single flooring material throughout the space will allow for the most flexibility while allowing you to ensure that the spaces flow together well. Designate different zones with area rugs.
Limit Your Color Palette
Since there is so much to see in an open floor plan, sticking with a few closely related tones for furnishings and decorations helps give a sense of calm and unifies the space. Coordinate throw pillows, decorative elements, and even dishes if they will be on display.
Add Focal Points
While limited colors are a good thing, you don't want your space to be too monotonous. Add a focal point to each room to liven up each space. Focal points can be almost anything from a beautiful chandelier to a back splash to a piece of art.
Have An Away Space
As great as an open concept is, there is a limit to how much people may want to be together. Have a room or space away from the main living areas where people can go for a quiet moment to read, rest or relax.
Source: Michelle Schwake for Stafford Family Realtors, all photos from Zillow Digs
Thursday, June 25, 2015
Weekend Happenings: June 26-28, 2015
Twin Cities Jazz Festival
Mears Park & various locales221 E. 5th St., St. Paul
June 25-27, 2015
Various Times
Cost: Free
The Twin Cities Jazz Festival holds its 17th annual event this June in the downtown Saint Paul. Recognized as one of the region’s premiere music festivals, the Twin Cities Jazz Festival is a three-day festival with performances on four public stages as well as at dozens of local clubs. The festival attracts top Jazz artists to Saint Paul to share the joy of jazz with thousands of people. Admission remains free due to the support of many generous sponsors and supporters.
St. Boni Spass-Tagen Fun Days
Missile Park, St. Bonifacius
June 27, 2015
11:00 AM to Midnight
Cost: Free
Enjoy a small-town community festival in St. Boni this weekend. Events include: Kiddie parade, food vendors, wiener dog races, magician, live music, bbq contest, beer tent, farmers/crafters market, kids games, raffle, and evening street dance.
City wide garage sales are taking place in conjunction with the festival from June 25th through the 27th.
Wednesday, June 24, 2015
Home Office Essentials
If you're like me, you're blessed to be able to work from home. While there are challenges, like having to intercede in your kids' arguments from time to time or getting distracted by the dirty house that needs cleaning, in general it's a great advantage for families.
If you're considering setting up a home office, there are some essential components that you'll want to consider to make the most of your working-from-home situation.
An Appropriate Place
If you're just going to use your office to find new recipes or to pay the bills, it probably doesn't need to be very private. You can pop a desk in just about any room. But if you are working long hours, need privacy, and have to concentrate, you'll want a more private space.
Ideally, you would have a separate room that you can convert to office space. But it isn't necesary. The space doesn't need to be completely closed off, but you do want to add visual cues to separate the office space from the surrounding area. Psychologically, this helps you move from home mode to work mode.
Noise Control
If you have to be on the phone a lot or if your work entails you to make noise, you'll definitely want some elements that help absorb and reduce noise. A solid door helps shut off the space. Soft elements like carpets, upholstered chairs and draperies all help to absorb sound and will keep you from sounding like your in a tin can when people call.
Proper Office Furniture
Most offices need a surface for a computer, a printer and a phone. You also need ample space to for a work surface. A minimum of 42 inches is recommended with 60 inches being a great amount of surface space.
Additionally, you'll want an ergonomic chair if you will be sitting for long periods of time. And tailor your storage needs to your situation. If you need a lot of reports on hand, that will require different storage than fabric swatches.
As far as lighting is concerned, hopefully you're lucky enough to have a window. Regardless, you'll want an ambient light source that will brighten the entire space, as well as task lighting for your desktop. Uplighting works well for ambient light if there is not overhead lighting available.
Power Needs
If you're converting a spare bedroom or a space in your basement into a home office, chances are that you do not have great electrical options for all the computers and accessories you need in a home office. An electrician can take stock of your situation and outfit you with plenty of power.
Unless you're completely old-school, you're going to need a high speed internet connection. There are lots of options to go with, but you'll likely want to get the highest speed you can afford. Time is money, after all.
Personalize It
Since you have to spend a lot of your day in your office, you might as well make it a space that suits you and that you enjoy being in. Take some time to make it function exactly how you want it. And then incorporate some design elements that you love. Whether its lots of color, artwork, or personal mementos, make the space your own.
Source: All images from Zillow Digs, Article by Michelle Schwake for Stafford Family Realtors
Monday, June 22, 2015
Enhance Your Privacy
If you ask most homeowners what they look for in a great back yard, you'll hear the word "privacy" come up again and again. We might love our neighbors and have inviting front porches, but most people also want a space where they can shut out the world and have some downtime with their family.
However, unless you live in the country and have many acres for your yard, privacy can be hard to come by. Today we offer some tips for gaining privacy in your back yard.
The most obvious choice is installing a fence around your yard. There are so many varieties and types of fences, you could get overwhelmed with the choices. Start by identifying what your budget is, and then how much privacy you are hoping to get from the fence. Do you want ultimate privacy with no visual space? Or do you want some air circulation? Do you need to enclose the entire yard or can you make due with a partial fence.
Make a list of everything you want your fence to accomplish, then find one that suits your budget and sense of style.
A hedge, a row of evergreens, even gardens with tall plants can all give you effective, and beautiful, privacy. Remember that unless you want to invest a lot of money on mature trees and plants, this option could take a while to become the privacy border that you desire. There are faster growing varieties of plants, like bamboo, that will give you complete privacy in a short amount of time.
You can always do a phased approach. Plant slow growing trees but also plant faster growing shrubs. The shrubs will create a privacy screen in a few years and give your trees more time to reach maturity.
If you have portions of privacy through fencing or plants, you can find creative ways to fill in the gaps. Install trellises, screens, even curtains. Here are some options you might want to try.
Sources: Photos from Zillow Digs, article by Michelle Schwake for Stafford Family Realtors
However, unless you live in the country and have many acres for your yard, privacy can be hard to come by. Today we offer some tips for gaining privacy in your back yard.
Fencing
The most obvious choice is installing a fence around your yard. There are so many varieties and types of fences, you could get overwhelmed with the choices. Start by identifying what your budget is, and then how much privacy you are hoping to get from the fence. Do you want ultimate privacy with no visual space? Or do you want some air circulation? Do you need to enclose the entire yard or can you make due with a partial fence.
Make a list of everything you want your fence to accomplish, then find one that suits your budget and sense of style.
Plants & Trees
A hedge, a row of evergreens, even gardens with tall plants can all give you effective, and beautiful, privacy. Remember that unless you want to invest a lot of money on mature trees and plants, this option could take a while to become the privacy border that you desire. There are faster growing varieties of plants, like bamboo, that will give you complete privacy in a short amount of time.
You can always do a phased approach. Plant slow growing trees but also plant faster growing shrubs. The shrubs will create a privacy screen in a few years and give your trees more time to reach maturity.
Be Inventive
If you have portions of privacy through fencing or plants, you can find creative ways to fill in the gaps. Install trellises, screens, even curtains. Here are some options you might want to try.
Sources: Photos from Zillow Digs, article by Michelle Schwake for Stafford Family Realtors
Thursday, June 18, 2015
Weekend Happenings: June 19-21, 2015
MN Vikings Gridiron Gallop
Lake Nokomis28 Av S & 52 St E
Minneapolis, MN 55417
June 21, 2015
Cost: 5k Run/Walk: $30 in advance $35 on race day Fun Run for Children (ages 10 and under): $10 in advance $15 on race day
•All children Fun Run participants receive a commemorative medal
•Awards presented to 5K age division winners
•All registered participants are eligible to win awesome Viking prizes
•All pre-registered participants are guaranteed a commemorative T-shirt
Race cancellation and weather policy:
Events may be delayed, shortened or in rare circumstances cancelled, due to inclement weather. This includes lightening, wind, heat, snow, or the threat of imminent severe weather that may harm or injure participants, staff, set up crew and bystanders. Event time frame includes setup, race and teardown. All possible attempts will be made to contact those involved by email, website and social media. No refunds or transfers allowed.
Rock The Garden
Walker Art Center1750 Hennepin Ave., Mpls
June 20 & 21, 2015
3:00 PM to 10:30 PM
Cost: SINGLE DAY: General Admission: $64; VIP Green Room: $100; VIP Skybox: $200.
TWO-DAY PASS: General Admission: $112; VIP Green Room: $160; VIP Skybox: $350
Copresented by the Walker Art Center and 89.3 The Current
Why Rock the Garden for one day when you can rock it for two? The Twin Cities’ favorite annual summer concert returns for two days this summer. The weekend festival blowout will showcase some of the best music from our backyards and around the world.
The 2015 lineup features 10 bands ranging from Minnesota punk legends and stars of Afrobeat to scions of rock-and-roll history.
The weekend kicks off on June 20 with buzz-worthy local rap and R&B group thestand4rd, Lucius’ luscious pop harmonies, Aussie Courtney Barnett’s jangly rock-pop, and folk stalwart Conor Oberst. Wistful Glasgow-based Belle & Sebastian will headline night one.
Day two, June 21, brings Sean Lennon leading the Ghost of a Saber Tooth Tiger’s psych sound, JD McPherson’s raucous retro-rockabilly, joyful Afrobeat grooves of Seun Kuti & Egypt 80, and epic return of punk pioneers Babes in Toyland. Headliner indie icons Modest Mouse will cap off the weekend.
Minneapolis Challenge
Rock Bottom Brewery800 LaSalle Ave., Mpls
June 21, 2015
2:00 PM race start
Cost: $55
Sunday marks the sixth season for the Minneapolis Challenge, an urban adventure race that pits teams of two people or more against each as they solve clues, strategize the best route and discover unexplored corners of the city.
You need not worry if you are not in the best shape; this race exercises your mind more than your body and is a great way to spend a Sunday (Father’s Day, no less!) with friends and family exploring our beautiful city.
Plus, once you cross the finish line, you can indulge in food and drink specials and partake in the crazy costume contest, if you wish.
You need not worry if you are not in the best shape; this race exercises your mind more than your body and is a great way to spend a Sunday (Father’s Day, no less!) with friends and family exploring our beautiful city.
Plus, once you cross the finish line, you can indulge in food and drink specials and partake in the crazy costume contest, if you wish.
Wednesday, June 17, 2015
Attic Conversions
If you live in an older home, chances are you have a good amount of attic space. And the good news is that converting this space to a bedroom, office, or play room is a great way to gain more space with significantly lower cost than adding on to your home. You already have the floors, ceiling and walls in place, so it's just a matter of finishing it off. Because of this, they are have a great return on investment, around 72%.
We've gathered some images of beautiful attic conversions to give you some ideas for how you can use your attic space.
Source: Michelle Schwake for Stafford Family Realtors
We've gathered some images of beautiful attic conversions to give you some ideas for how you can use your attic space.
Source: Michelle Schwake for Stafford Family Realtors
Tuesday, June 16, 2015
Weekly Market Update: June 15, 2015
As we approach the halfway point of the year, we'll begin to see some midterm
report cards from anyone who wants to share an opinion or write a headline. If you
have been reading these weekly excerpts, you already know that we are tracking
along a predicted path. The residential real estate market was expected to be
good at this point. Hiring is up, unemployment is low, sales are up, rates are low,
prices are up and inventory is low. The gentle sway of up and low is making for an
enjoyable ride, with no bubbles in sight.
In the Twin Cities region, for the week ending June 6:
• New Listings increased 1.4% to 2,183
• Pending Sales increased 10.9% to 1,413
• Inventory decreased 5.2% to 16,253
For the month of May:
• Median Sales Price increased 6.7% to $224,000
• Days on Market decreased 5.0% to 76
• Percent of Original List Price Received increased 0.7% to 97.5%
• Months Supply of Inventory decreased 12.2% to 3.6
Source: Minneapolis Area Association of Realtors
In the Twin Cities region, for the week ending June 6:
• New Listings increased 1.4% to 2,183
• Pending Sales increased 10.9% to 1,413
• Inventory decreased 5.2% to 16,253
For the month of May:
• Median Sales Price increased 6.7% to $224,000
• Days on Market decreased 5.0% to 76
• Percent of Original List Price Received increased 0.7% to 97.5%
• Months Supply of Inventory decreased 12.2% to 3.6
Source: Minneapolis Area Association of Realtors
Monday, June 15, 2015
Home Inventories
No one wants to think about the possibility of losing everything they own to a fire, flood or tornado. But sadly, these disasters do happen and they can happen to you in the blink of an eye.
While it's great that you have insurance, did you know that you need to have an itemized list of your belongings in order to get the payout from your insurance company? You may be able to list a number of the things you own, but would you be able to name everything? Would you have the information you need about antiques, value of jewelry, or custom pieces?
Home inventories are a great way to itemize all your belongings so that in the event of a disaster, you can get back the maximum amount for your valuables and be able to reclaim your life. The other upside of an inventory is that it may highlight that you are currently under-insured.
Take Photos And Video
Plan to spend a good chunk of a day to video record your belongings and itemize your belongings. Go room by room and be thorough. Zoom in on brand names and serial numbers. Add these to your list along with estimated value and a receipt if you have one. Use a spreadsheet to keep everything clear and concise. Or use Evernote, One Note or Google Docs for easy document storage and retrieval from anywhere. Be sure to keep a copy of your itemized list on a jump drive or external hard drive. And keep that in a fireproof location at your home or at a secure off-site location.
There's An App For That
To make things even simpler, you can find an app for your tablet of phone that will do much of the work for you. Many insurance companies my already have an app that you can use. Check with them first since their app will likely include any requirements specific to their company. "Know Your Stuff" is a free online inventory service provided by the Insurance Information Institute.
Keep It Up To Date
A home inventory is great as long as it reflects your current possessions. If you last did an inventory five or more years ago, it's probably time to update it. Review you list and determine where you need updates. Then plan to review and update your list every few years.
Source: Michelle Schwake for Stafford Family Realtors
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