Listing Courtesy of LONG AND FOSTER-BETHANY
When the first spring day comes along (as opposed to the first day of spring), a goodly proportion of residents feel the annual pull, toward the garden store aisles. Even those who’ve stoutly resisted ordering seeds, gardening tools, or any of the other back yard paraphernalia the catalogs kept hawking all winter can succumb to this particular Call of Nature.
Burpee, Scotts and Miracle-Gro shareholders can relax: spring has sprung.
The North Bethany spring real estate selling season starts stirring, too, pretty much in lockstep with the appearance of the tulips. Whether or not the tulips have succeeded in poking up out of the ground, it’s a cinch that by this time they will have made colorful appearances on store shelves everywhere, just like the Peeps and chocolate bunnies. Unlike the rest of the early spring’s trappings, though, the spring real estate phenomenon doesn’t disappear from sight once Easter Sunday is a memory. In fact, it picks up steam.
There are any number of explanations why spring real estate in North Bethany is always expected to ramp up. Part of the reason is the calendar. For families with children, if a move is going to involve a change in school districts, summer vacation is the least disruptive time of year for it to happen, so spring is the time to start house hunting. Part of the reason is due to the comparative difficulty of selling a home in wintertime: not only can foul weather make it harder to keep a home at its showy best, it also can throw a monkey wrench into property maintenance and the few cosmetic fixes that almost every home could use before it hits the North Bethany listings. The result is a certain amount of bottled-up inventory that bursts onto the scene all at once—and springtime is the single time of the year when that happens.
Then there is the automatic momentum effect. When you sell a North Bethany home, most families need to turn around and buy the next. The National Association of Realtors® tells us that the spring real estate selling season may actually be stronger than the numbers indicate, because many sales that really did begin “in season” don’t actually close until summer begins. Spring real estate as a phenomenon is “real” enough that you can’t blame them for lines like “Spring brings rain and flowers—and possibly extra green in the final sales price of your home.”
The spring real estate selling season is indeed underway, so if you are planning on listing your own North Bethany home anytime soon, now is a great time to give me a call. It’s the best way to take advantage of the traditional boom in prospective buyers!
Last week’s 141st Westminster Dog Show TV ratings may not have gone through the woof—but for “Rumor,” the winning German Shepard, it was a wag-tastic finale. It brought to mind one of the foremost issues facing today’s Delaware rental homes landlords: Fido or No; Kitty or not. It can be something of a brow-wrinkler.
For sure, no matter what the ultimate decision, the owners of Delaware’s rental homes will remain on the upside in the tenant-landlord relationship. As landlords, they are in the happy position of receiving rents from their well-behaved tenants—even as they build equity in their rental properties. But one of the decisions that goes into that picture-perfect arrangement is the one about allowing or restricting pets.
A primary rule for Delaware rental home success is keeping the property rented. Vacancies cause divots in Delaware rental homes’ balance sheets—the antithesis of what rental homes ideally produce. And for each turnover, advertising, cleaning, and reconditioning expenses create new expense items. That’s where the pets/no pets decision weighs in.
The American Pet Products Association told us in 2012 that 39% of U.S. households owned at least one dog and that 33% owned at least one cat (there’s ample evidence that it’s the cats who actually own the households, but that’s another issue). But now comes evidence that those percentages may be severely underestimated.
In their “Animal House 2017” study dealing with remodeling, the National Association of Realtors® found that 81% of respondents say that animal-related considerations play a role when “deciding on their next living situation.”
Eighty-one percent!!! That’s 4 out of 5! If Delaware rental homes even come close to fitting that kind of profile, it means that landlords who choose a “no pets” strategy to protect their properties from all clawing digging, scratching and chewing might be severely limiting their potential renter pool—with bottom line repercussions. Since 89% of respondents with pets say they wouldn’t consider giving up their animals due to housing restrictions, that conclusion could be accurate.
Along those lines, the pro-animal sector is ready, willing and able to produce studies and statistics aimed at publicizing the financial benefits for owners of pets-allowed rental homes. Petfinder is one such site: when it tallies rent surcharges and shortened vacancy periods and subtracts average damage and insurance increases, it calculates a net benefit of more than $2,700 per year as a conservative estimate. I don’t know how conservative that figure truly is (most of the net is due to pet surcharges), but it could well be true that tenants in pet-friendly digs did remain in place more than twice as long (Petfinder’s calculation). Interestingly, it’s also noted that extended tenancy did not occur for tenants who kept pets illegally.
If you are thinking about the advantages of acquiring one of Delaware’s rental homes— whether it will be pet-friendly or not—now is a particularly good time to take a look at today’s available properties. Getting a jump on the spring rush makes sense—so why not give me a call? Call/Text me Russell Stucki at (302) 228-7871, email me at email@example.com, visit more listings at www.beachrealestatemarket.com.