319 Retreat Drive, Bethany Beach, De 19930 | $319,990

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Property Details

Stop! Search complete. Walk, bike, drive or take the town trolley (seasonal) from this interior 3 bedroom, 3 bath townhome with vaulted ceilings. Two master suites (one on each level). Nice three seasons room. Outside shower. Community grass/common a
  • MLS Number: 724517
  • Status: Active
  • Price: $319,990
  • Property Type:
  • Area: Fenwick/Bethany East Of Canal
  • Community: Kent
  • School District: Indian River
  • Square Footage: 1,400
  • Year Built: 1989
  • Bedrooms: 3
  • Full Bathrooms: 3
  • Number of Stories: 2
  • Unit Floor Number: 1
  • New Construction: No
  • County Taxes: $793
  • Association Fee: $4,200
  • Sewer Fee: $286
  • Furnished: Yes
  • Lot Size Acres: 0.00
  • Lot Description: Landscaped, Partially Wooded
  • Water: Public Central Water
  • Sewer: Private Central Sewer

Interior Features

  • Kitchen: Breakfast Bar, Kitchen/Dining Room Combo
  • Fireplace: Wood Burning
  • Heating: Heat Pump(s)
  • Cooling: Central A/C
  • Flooring: Carpet, Vinyl
  • Appliances: Dishwasher, Disposal, Dryer-Electric, Fridge w/Ice Maker, Microwave, Oven/Range Electric, Washer, Water Heater Electric
  • Interior Features: Cable TV Prewired, Ceiling Fan(s), Fireplace-Wood

Exterior Features

  • Style: Townhouse
  • Construction Type: Stick/Frame
  • Exterior Type: Cedar Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Block
  • Parking: Assigned
  • Porch/Deck/Patio: Porch - Enclosed, Three Season Room

Listing Courtesy of WILGUS ASSOCIATES B

Bethany Beach Homeowners Should Expect Home Remodeling Increase

The number of households belonging to older adults is on the rise across the nation, and (let’s face it) the homes themselves aren’t getting any younger. So states the Harvard University's Joint Center for Housing Studies' Housing Perspectives (JCHS), which recently published the projection that, if true, makes it likely that Bethany Beach home remodeling activity will spike in the coming years.
Abbe Will, research analyst for JCHS drew this conclusion:
"Since much of the housing stock is currently ill-equipped with even basic accessibility features, older homeowners aging in place will need to invest in retrofitting their homes in order to age comfortably and safely.” In other words, even for homes which remain in their owners’ hands, home remodeling activity could grow markedly.
Home remodeling is no minor industry. Home improvement expenditures by older homeowners already topped $90 billion in 2013—making it a significant economic contributor. Now the JCHS projects that it could surge by an extra $17 billion annually over the next three years. Welcome news indeed for the construction and design industries, who had been in the doldrums until recently.
But what does this mean for Bethany Beach homeowners who plan to sell in the near future? When considering a remodel, if you want your home to attract potential older buyers, consider the innovations modern designs have made for individuals in that demographic group. That will be the competition.
JCHS's analysis notes, "… not even a third of (existing) homes have what could be considered basic accessibility features, such as a no-step entry and bedroom and full bathroom on the entry level.” Both young and old can appreciate other features, as well. Wider hallways in a kitchen remodel is one example. Another is bathrooms showers with ‘edgeless’ design, which holds appeal both to Millennial buyers (for the sleek, modern look) and to seniors with limited movement. A bedroom on the main level that can readily be converted to a master if needed can be attractive to older homeowners—and also to anyone looking for a guest or au-pair suite. Investing wisely by thinking long-term when it comes to home remodeling plans is part of strategic home ownership. If you are considering selling your Bethany Beach home at some point, it doesn’t hurt to inform yourself about forward-looking trends.
Wondering what today’s buyers are looking for? I’m here to help with all your Bethany Beach real estate-related concerns: call me anytime this summer! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Expect 5 Basic Delaware Real Estate Investment Truths

If you go looking for insights from successful Delaware real estate investors, depending on which areas they concentrate on, you could come up with a variety of takes. Despite the distinct differences that separate the commercial and residential investment spheres, there are some time-worn truisms about the real life experience that would have most investors nodding their heads—

  1. Expect to work at it. The myth of buying real estate, watching it appreciate, then just cashing in is a two-dimensional expectation. A typical Delaware real estate investment has to be discovered, investigated, negotiated, cared for, cared for some more—and sometimes sold—for it to ring up the profits that make real estate investing so lucrative. The best investors relish doing all of it.
  2. Expect to interact with a wide range of people. Math skills are important, but people skills are up there, too. Just about anyone can do the arithmetic that produces accurate cash flow projections, but being able to network with real estate professionals and lenders—and manage close working relationships with tradespeople—are also vital for sustained success.
  3. Anticipate changing conditions. Economic conditions are always in flux, so Delaware and Delaware market conditions are always on the move. Last decade’s real estate investment strategies don’t guarantee success today—and certainly not tomorrow. Anticipating and planning for changing conditions is work that can pay real dividends.
  4. Expect losses. Any investment—including real estate investments in Delaware—involve some degree of risk. Serious real estate investors are those who profit the most from multiple investments over time. Necessarily, they expect that some projects won’t pan out as expected. Not expecting that to be true would be a rookie mistake.

This fifth one is ancient: it sounds like something Ben Franklin could have come up with:

  1.  A fast nickel is better than a slow dime. Strangely enough, this truism can be misinterpreted. One commentator thinks it means “owning real estate is easy; getting paid is tricky.” I think its core meaning is that knowing just when to sell is a terrific real estate investment skill.

In fact, you could say that prioritizing when to sell is what distinguishes real estate investors from most of the rest of us—real estate consumers who are contented Delaware homeowners. In my profession, I get to facilitate winning transactions for investors and real estate civilians alike. I hope you’ll give me a call for all your own real estate dealings! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com