Listing Courtesy of OCEAN ATLANTIC SOTHEBY'S INTL REALTY
Good investors tend to be cautious souls. For those who prior to 2007 had never ventured into the realm of Rehoboth Beach real estate investments, the ensuing downturn might have been enough to discourage any curiosity about that direction (even if their other investments had also suffered during the global financial crisis).
Nonetheless, at this juncture those same cautious investors might well assume that the value of real estate investments in the Rehoboth Beach area have rebounded so substantially that it’s now too late to bother looking into them. But as National Public Radio has just pointed out, there's an excellent argument to be made that conditions are now highly conducive for real estate—with real estate investments in Rehoboth Beach being no exception. I could tick off three solid reasons that immediately leap to mind, but stand corrected: NPR points to four:
1. Employment. Employers are hiring anew, and "when companies are hiring, would-be homebuyers feel more confident about taking on mortgage debt." Unemployment rates have (finally!) come down to 5.6%, and with employers having added 252,000 jobs in December, consumer confidence is up nearly 20% over a year ago.
2. Prices seem more rational. NPR points out that from January to October, prices rose 4.5% nationally; a "subdued" gain compared with the 11% burst of the year before. They project that the slower price appreciation may have set the stage for a "buying surge in 2015." From a Rehoboth Beachreal estate investments standpoint, too, gains from last year’s run-up in equities markets combined with mortgage rates still holding below 4% would seem to create the key elements many investors would consider favorably.
3. Demand for rentals is high. There is a healthy demand for rental accommodation across the country due to a tight supply of quality accommodations. USA Today tells us that between 2009 and 2013, the national vacancy rate for apartments dropped from 8% to 4.1%. Over the same period, the effective rent increased by 12% to $1,083. As one potential consequence vis-à-vis Rehoboth Beach real estate investments, new landlords might expect to be more selective about the tenants that they choose. That would mean fewer headaches for landlords with troublesome and slow paying tenants. It is might also portend that investment properties will stand vacant for briefer periods.
4. Millennials are sick of Mom’s basement. NPR points to a Census Bureau report that says only 36% of Americans under age 35 own a home, down from 42% just seven years ago. The recovering employment picture might not enable young people to save up for a down payment for a while yet, but renting quality digs should soon be more doable than was previously the case. That could set the table for a continuing robust rental environment, with Rehoboth Beach real estate investments benefitting proportionately.
NPR’s four reasons for optimism in 2015 are actually only the tip of the iceberg. If you have ever had the thought that it could be worthwhile to take a look at Rehoboth Beach real estate investments, this is a great time of year to give me a call!
Even if you don’t pride yourself on your artistic flair, you probably have developed fairly firm ideas about what makes some Rehoboth Beach homes come across better than others. Without even consciously thinking about it, you know as soon as you walk through a front door whether that immediate impression is strongly positive, just so-so, or sub-so-so.
A Rehoboth Beach home’s agreeable first impression can usually be laid to a combination of pleasing architecture, diligent maintenance, and appealing décor. Not every home in town has all that going for it, but there can also be a saving note: sometimes the most important impression comes from just a few minor touches—clever accents that just seem perfect.
Now that we’re wading deeper into the months when Rehoboth Beach’s bad weather days are stacking up, we are more likely to find ourselves with some spare time—the commodity that was so hard to find when the sun was shining. That makes it an ideal time to browse through the web (or home decorating magazines, if any of those are around) to fire your creative decorating juices. There are websites galore that feature photos displaying imaginative design touches that other homeowners have come up with. Today, you don’t have to reinvent the wheel—when it’s being reinvented by thousands of others
All by itself, Pinterest is a single source of boundless do-it-yourself design ideas. The virtual pin board site is the source of billions of images its users are proud enough to want to share with the world (and a surprisingly large percentage live up to that appraisal!). Since there are more than 100 million active users every month, the images and ideas are constantly changing. If you’re open to new ideas, this is boundlessly rich territory.
If you enter ‘decorating’ in the search bar at the top of the Pinterest screen, you’ll summon up dozens of tabs (they look like color swatches) that lead to all sorts of classifications. There are Apartment, Home, Bedroom, Cabin, DIY, Room, Fall, Rustic, Kitchen, Bathroom, Wall, Ideas, House, Vintage, Country, Table, Dorm, Cookies (this leads to dessert-type cookies—so here ‘decorating’ means ideas for icing them), On A Budget, Farmhouse, Cottage, Bohemian (a suitable alternate title for that one might be ‘clutter’ or ‘gypsy wagon’) Beach, Nautical, Modern…you get the idea: just about everything.
Alternatively, once you are in the greater ‘decorating’ section, you can also just key in a more specific description of the area you’re exploring. For instance, if you put in ‘spring,’ you’ll see hundreds (perhaps thousands—the pages just keep expanding) of colorful ideas for springtime everything: bunnies, door hangings (a great idea showed an umbrella hanging from a front door knocker with a terrifically colorful springtime floral display bursting up out of the inside of the umbrella)… Then, once you click on any image, you are taken to the creator’s page…and that’s likely to show hundreds of other ideas. A lot of them turn out to be commercial sites, but those have often cooked up some of the most creative ideas.
In case you’ve never visited Pinterest, I’d like to apologize in advance to the amount of time it’s likely to devour. Still, when the weather turns foul, and you’re looking for ways to enhance your Rehoboth Beach home, that’s probably a reasonable price to pay. I have a number of other resources if you are thinking of maximizing your property’s appeal for sale (or for you!). Give me a call anytime! Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.