21 Foxwood, Lewes, De 19958 | $199,000

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Property Details

Nice 3BR/2BA rancher with a Lewes address on large corner lot with mature trees and room to grow. Low annual HOA fees in a community just a few miles from the Route 1 corridor. New carpet, vinyl, paint in 2018. This turn-key home is in the Cape He
  • MLS Number: 728823
  • Status: Active
  • Price: $199,000
  • Property Type:
  • Area: Indian River Hundred
  • Community: Lochwood
  • School District: Cape Henlopen
  • Square Footage: 1,344
  • Year Built: 1987
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Number of Stories: 1
  • New Construction: No
  • County Taxes: $734
  • Association Fee: $200
  • Furnished: No
  • Lot Dimensions: 133 x 100
  • Lot Square Feet: 8,276
  • Lot Size Acres: 0.19
  • Lot Description: Corner
  • Water: Private Central Water
  • Sewer: Gravity Septic

Interior Features

  • Kitchen: Breakfast Bar
  • Heating: Baseboard Electric
  • Cooling: Window Unit(s)
  • Flooring: Carpet, Vinyl
  • Attic: Access Only
  • Appliances: Dishwasher, Dryer-Electric, Fridge w/Ice Maker, Oven/Range Electric, Washer

Exterior Features

  • Style: Rancher/Rambler
  • Construction Type: Stick/Frame
  • Exterior Type: Vinyl Siding
  • Roofing: Architectural Shingle
  • Foundation: Concrete Block
  • Parking: Driveway/Off Street

Listing Courtesy of PATTERSON-SCHWARTZ REAL ESTATE

Do-it-Yourself Lewes Stagers Should Aim for Simplicity

You might think that professional home stagers in Lewes are intent on aiming for the kind of look that would draw oooohs and ahhhhhs if it were featured in Good Housekeeping or Better Homes and Gardens. In fact, you’d likely be more on-target if the magazine you thought of was actually RealSimple. In case you haven’t been near a newsstand lately, that’s the top-selling magazine “about simplifying your life.”

RealSimple (“Life made Easier”) has articles like “31 Pro Tips to Control your Clutter” and “Get Organized for Fall: systems in place, stress in check.” If you are planning to have a Lewes home for sale anytime soon you could do worse than picking up a copy—if for no other reason than to check out its editorial slant: Less is more. Open space attracts. Simplicity rules.

         Today’s home stagers in Lewes (and just about everywhere 21st century lifestyles have invaded) work towards the goal of clarifying room spaces—making it as easy as possible for prospective buyers to imagine their own furnishings and décor preferences in place.

A further refinement is subtlety. In that light, successful staging has something in common with many of the best classic movie scores: it moves you without your being conscious that it’s there at all.

An experienced Lewes stager will often put her or his expertise to work in ways that we would find hard to match, but for homeowners with a do-it-yourself bent, a good start can be to study some of the advice stagers agree upon:

Be willing to let go! Your home as you know it is likely not to be the version that will be easiest to sell. Be willing to say goodbye to anything: furnishings, floor plans, favorite décor items. In other words, remove that compact computer table from the dining room corner—the open space is more important (you future homeowners know they can set up an in-home office anywhere).

Color it neutral. Stagers usually shun bright colors, which may be lively but intrusive. Creamy shades, grays and soft earth tones allow viewers to cast their own preferences onto a scene. But this is a guideline that has limits, too: if neutral turns into sterile, you’ve gone too far.

Apply practical arithmetic. That is, be aware of the power of thoughtful addition and subtraction. From your now-spacious and neutral-toned rooms, subtract as much of the furniture as possible, then remove personal items and bric-a-brac. Then add back in the minimum you need to create a livable environment. If the budget allows, substitute rental furnishings (and even accessories) for original elements that are too well worn.

If your home staging efforts are successful, you will have created a more showable, sellable Lewes property. I can also be helpful by contributing feedback about what is currently popular with local buyers. Call me for a no-obligation consultation. Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com.

Future Lewes, DE Home Prices Subject to Scrutiny

When Lewes, DE homeowners sit down to plot out their household’s long-range financial plan, the value they ascribe to their Lewes, DE home usually deserves a leading role. As research firm Pulsenomics puts it, “changes in single-family home values can have profound impacts on consumer balance sheets.” Yet it’s often the case that homeowners assume that their home’s value is its apparent equity—the home price they paid less their mortgage’s remaining principal.

Lewes, DE homeowners will be pleased to find that using that measure is almost certain to result in a substantial underestimate. Since the historical norm is for residential home prices to rise, if you are trying to plot a realistic long-term picture of your family’s financial future, a middle-of-the-road estimate would take those likely price rises into account.

The problem is: who knows how much those values will actually rise? For instance, what if there were another international financial meltdown—with a real estate slump like the last one? Wouldn’t it be safer just to assume the worst—static Lewes, DE home prices? Safer, perhaps—but not likely more accurate.

For the most sophisticated projections, a better look at the direction of home prices is published quarterly in Pulsenomics’ “U.S. Home Price Expectations Survey.” The Survey represents the combined opinions of more than 100 economists, investment strategists, and market analysts. They have been publishing those projections for five years now—which is noteworthy since we can now check back to see if they were overly optimistic (or the opposite).

In January of 2013, the mean expectation of the Pulsenomics experts was for a 5-year increase in home prices of a whopping 22.0%. That number seems pretty optimistic, and sure enough, a year later, in 2014 the experts dropped it to a more realistic 19.7%. The following years showed similar moderation, until by this January, their median prediction was for U.S. home prices to rise by 18.2% by 2023.

Of course, nobody can know exactly what the future will bring, so holding their feet to the fire and expecting exactitude would be unrealistic. But how did they do?  drumroll, please:

As for that first 2013 seemingly over-optimistic expectation of 22%: the actual rise in home prices has been 37% (the Case-Shiller national average)! We’ll have to wait a bit to see how the next year turns out…but I think we’ll have more terrific news.

 

The long and the short of it is that for practical planning purposes, don’t assume your Lewes, DE home investment will be wind up being worth what you paid (or will pay) for it. Realistic expectations can be quite a bit sunnier—and definitely, a solid reason to make Lewes, DE homeownership a cornerstone of your family’s long-term financial future. To get started turning that goal into reality, please don’t put off giving me a call! Call/Text me Russell Stucki at (302) 228-7871, email me at russellstucki@remax.net, visit more listings at www.beachrealestatemarket.com