Increasing Home Values With 12 Modern House Design Trends

Modern house designs with certain features look expensive and luxurious. Adding a few elements to modern house designs transform ordinary homes into dream homes and increase their sale prices.  Lushome shares modern house design trends 2015 and ideas for bringing ultimate luxury and comfort into homes. The house design trends and tips for decorating will help create beautiful and comfortable homes offering luxurious lifestyle and increase home values to sell homes faster for higher prices. Modern house designs can be improved in different ways. Architectural designs and room furniture, yard landscaping and lighting ideas can dramatically change modern houses. Modern house design trends 2015 show how to add chic and luxury to your lifestyle. The good location helps to sell a property faster, but any house can be redesigned and decorated with chic and luxury that attract potential home buyers. Here are some tips for your home if you want to live like a celebrity in a beautiful, comfortable and luxurious modern house that has character and charm. Some architectural elements, yard landscaping ideas, contemporary solutions, interior design ideas and materials that reflect modern house design trends 2015 can turn homes into fabulous, elegant, very stylish and luxurious places to live and work                                                1.  Underground garage which is almost invisible and features a ground level parking with a roof adds chic to modern house designs and create more comfortable outdoor living spaces.   2.  Spacious wine cellars with glass ceiling designs and LED lights are modern house...

UNDERSTANDING REAL ESTATE’S PLACE IN A BALANCED PORTFOLIO

Investment is one of those things you can’t really understand until you do it. Books, conversation, mentorship, and education all help. But there’s nothing to replace allocating real resources and watching them either gain or lose value, based on judgments you made at some time in the past. There are general rules of thumb, and lots of history to look back on, in order to make the most educated decisions possible. But in the end, you’ve got to really take a look at the investment you want to make, and decide if you think its right for you. Then you go for it. Then you wait. With every kind of investment, there are nuances, things you can’t anticipate until you have a lot of experience in that arena. In the case of Real Estate investment, most investing guides will tell you that it isn’t as good a source of growth as something like the stock market. Generally speaking, this is true. With the average home in America gaining value at a rate of about 4-5% every year, this increase in your wealth typically won’t beat out the general market, where certain funds can get you at least 9% annually. But this is where it pays to know your market. In every city in America, there are neighborhoods where properties are not increasing in value every year, and others where the average yearly increase greatly exceeds that 4-5% benchmark. Many will exceed the 9% returns seen on good funds. It’s all about identifying these regions, buying low, and knowing when to hold and when to sell. On a politically stable tropical...

SOLAR PANELS MAY EFFECT YOUR HOME’S VALUE

There is no shortage of newspaper and magazine articles that extol both the virtue and the value of solar panels for residences. Curiously, there is a similar abundance of articles telling of buyer resistance to homes with solar panels and how the presence of solar panels has caused either price concessions or failed sales. Actually, there is no contradiction here. We just have to read the fine print. In short, solar panels per se — with no qualification regarding financing — are generally perceived by buyers in a positive way. But, when the panels come along with a lease that may have 15-20 years to run, the reaction is somewhat different. Two studies looked at the effects that solar panels have had on sale prices. One was published by the National Bureau of Economic Research (“Understanding the Solar Home Price Premium“). It looked at utility data, sales records of single family homes and building permit data in San Diego County and Sacramento County (Calif.) from 2003 through year-end 2010. For the average installation, the authors found that solar panels added a $20,194 premium to the sale price of a home (in the mid-$500,000 range), based on repeat sales data. Another study, released by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory showed that homes with solar panels typically sell for $15,000 more than those without (accounting for the effects of square footage, lot size, and age of the home). The analysis showed “a consistent price premium for solar panels across all of the data analyzed roughly equal to $4 per watt of installed solar capacity…” The data was...

The Great Maui Whale Count Tallied 1,488 Humpbacks in 2015

A total of 1,488 humpback whale sightings were reported during the 2015 Great Whale Count on Maui this past weekend, according to information released by the Pacific Whale Foundation.  The largest number of sightings occurred in Mākena, Kahana and at the Kīhei Surfside tallying sites, with the total count up by 157 from last year, organization representatives said. Despite the increase, the PWF reports that the number of calf sightings were down with whale calves making up 7% of the count this year, compared to 9% last year. The annual count is organized by Pacific Whale Foundation, and is used to supplement results from agency’s field studies. The count, representatives say, provides a long-term snapshot view of whales and a valuable look at Hawaiʻi’s winter whale population. After reviewing data, PWF scientists say this year’s findings correlate to research that shows the North Pacific whale population increasing at an annual rate of 7-8%. Dr. Emmanuelle Martinez, Senior Research Scientist at Pacific Whale Foundation commented in a press release saying, “Over the past decades, we have been seeing evidence of a growing number of whale sightings, even though the proportion of whales sighted fluctuates annually.”  The current population, he said, is estimated at approximately 22,000 individuals. More than 100 volunteers participated in this year’s count held at 12 locations across Maui. “Our research team greatly enjoyed this event, as it provided them with a chance to interact with the public and express their enthusiasm for whale research,” said Stephanie Currie, Pacific Whale Foundation research biologist and coordinator of the 2015 Great Whale Count. The next whale count is scheduled to take place...
Prices Rising

Prices Rising

  The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) released their latest Existing Home Sales Report this week. Inventory Levels & Demand Amidst reporting on the fact that sales of existing homes rose 1.2% from January, and outpaced year-over-year figures for the fifth consecutive month, was the news that total unsold housing inventory is at 4.6-month supply. This is down 0.5% from last February and remains below the 6 months that is needed for a historically normal market. Consumer confidence is at the highest level in over a decade. Pair that with interest rates still under 4%, new programs available for down payments as low as 3%, and you have an attractive market for buyers. Buyer demand for housing remains twice as high as this time last year. Prices Rising February marked the 36th consecutive month of year-over-year price gains as the median price of existing homes sold rose to $202,600 (up 7.5% from 2014). So What Does This Mean? The chart below shows the impact that inventory levels have on home prices. NAR’s Chief Economist, Lawrence Yun gave some insight into the correlation: “Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices. Stronger price growth is a boon for homeowners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before (interest) rates rise.” Bottom Line If you are debating putting your home on the market this year, now may be the time. The number of...
3 Foolproof Ways to Choose Your Neighborhood and Up Your Value

3 Foolproof Ways to Choose Your Neighborhood and Up Your Value

Ways to Choose Your Neighborhood and Up Your Value Deciding where to buy a home can be one of the most difficult decisions to make. If you have a built-in reason to choose one area over another (it’s close to work; it’s where you grew up and you’re emotionally tied to it; there’s a rumor about a professional football team coming soon), it can be easier. But for the rest of us, a multitude of factors can make the choice challenging. So how do you know where to buy if you’ve got value in mind? Here are a couple schools of thought. Go where the rich go. A recent feature in CNN Money noted that “The United States is the top destination for those worth more than $30 million buying residential property valued at a million or more, according to a report from Wealth-X and Sotheby’s International Reality.” New York is the leading city worldwide for wealthy residences, they said. Los Angeles and San Francisco are also in the top five. Within those cities, individual neighborhoods cater to moneyed buyers. So what do you do if you can’t afford those premium neighborhoods? You live close by. “There’s a neighborhood in Southern California called Coto de Caza that was popularized on Real Housewives of Orange County and is one of the most desirable places to live anywhere in the states,” said real estate advisor Sara David. “Several years ago, a developer came in and built a community of substantially smaller but still very attractive production homes just outside the gates and marketed the property as ‘Coto de Caza adjacent.’ It was...
6 Reasons Your Maui Property is Still On The Market

6 Reasons Your Maui Property is Still On The Market

Location and price aren’t everything. Success in getting top dollar for your home may also come down to a few “unique” factors, such as the words you use in your Maui property listing. With just 1.89 million homes for sale, the housing market is off to a slow start this year. Low supply, especially relative to demand, does mean properties are moving a bit faster, though. February data from Realtor.com released earlier this month found that homes nationwide spent an average 102 days on the market, down 1.9 percent from January. Kelli B. Grant Personal Finance and Consumer Spending Reporter says it’s in the sellers’ best interest to keep that figure low. “People make a lot of inferences, correct and incorrect, about houses that have been on the market for a long time,” said Stan Humphries, author of “Zillow Talk: The New Rules of Real Estate.” Namely, that there must be something wrong with the property, and that there’s room for negotiation in the price. Some smart planning can help you sell faster, and at a better price: Read More When remodeling won’t help sell your home Listing timing Most real estate professionals say spring is the best time to list. But that’s a pretty big window. “In every market, there’s this sweet spot,” said Humphries, who is also the chief economist at Zillow.com. Aim to list after the first wave of sellers in January and February, and before the influx of buyers in April and May, which will mean your listing pops up when most buyers are starting their hunt, boosting the average sale price by 2 percent. Nationally, that...
Maui Wind Farm Will Be Hawaii’s Largest

Maui Wind Farm Will Be Hawaii’s Largest

Maui Wind Farm Project A subsidiary of the Florida-based company that is buying Hawaiian Electric Co. for $4.3 billion, has plans to build the largest wind energy farm in Hawaii on the southern coast of Maui. The more than 120-megawatt project, which would be located on Department of Hawaiian Home Lands at the Kahikinui homestead on the southern slopes of Haleakala, would be built, owned and operated by NextEra Energy Resources LLC. The Kahikinui Wind project would be built on about 500 acres and lease the land from DHHL for a term of 35 years. Public documents show that NextEra’s affiliate has said that it would benefit Hawaii to develop up to 200 megawatts of additional wind or solar capacity on Maui. NextErais one of the companies looking to build an undersea cable that would connect the electric grids on Oahu and Maui. Boston-based First Wind the biggest wind farm Hawaii, the 69-megawatt Kawailoa Wind project on Oahu’s North Shore. In addition to that project, it also has three other wind farms in the state, including the 30-megawatt Kaheawa Wind I and 21-megawatt Kaheawa Wind II on Maui and the 30-megawatt Kahuku Wind on Oahu. California-based Sempra U.S. Gas & Power owns one wind farm in Hawaii, the 21-megawatt Auwahi Wind on Maui. California’s Champlin Hawaii Holdings LLCplans to build$90 million, 24-megawatt wind farm near the Kahuku Wind project on Oahu’s North...
3 Key Tax Deductions For Maui Home Owners 2015

3 Key Tax Deductions For Maui Home Owners 2015

With tax season upon us, it is important to find every break we can. Several key provisions for homeowners have been retroactively renewed for 2014 and they might provide you with some much-needed tax relief. If you did any of these three things in 2014, you may have more deductions than you thought. Short sale If you were a homeowner who decided to short-sell your home last year, it’s not all bad news: Congress once again extended the Mortgage Forgiveness Debt Relief Act. The act made it so qualifying homeowners did not have to pay tax on debt forgiven by a lender. Without the act’s tax shield, that forgiven debt up to $2 million—is seen as taxable income by the government. For homeowners owing hundreds of thousands of dollars on a loan, that could be a crippling amount of money owed to the IRS. The act is retroactive, so when Congress renewed it in December, it covered short sales in 2014. Short-selling a home in 2015 is a gamble—if Congress doesn’t renew the act, you’ll have to pay taxes on forgiven debt. Private mortgage insurance Private mortgage insurance (PMI) is a familiar expense for those not putting down 20% on a purchase. But if you bought your house in 2007 or afterward, you were given a break if you earned less than a certain amount of money each year. The bill was set to expire in 2014, but two weeks before the end of the year, Congress extended the provision into 2015.So if you bought a home (including vacation homes, but not rental properties) in 2014, or any other...
What Luxury Home Buyers are Looking For

What Luxury Home Buyers are Looking For

In a Luxury Lifestyle Report, the properties searched for by Luxury Buyers was tracked using Google Website Analytics. The results were very interesting! When it comes to amenities, the number of clients who want a home with “smart amenities” has increased drastically over the last two years. These include appliances, lighting, entertainment systems, security, and more that can be controlled remotely from anywhere in the world. China’s wealthy real estate investors value space to display their massive art collections, while U.S. buyers were mostly interested in having a multi-car collector’s garage, according to the report. But location was definitely the top priority for luxury buyers around the world, with 71% of respondents saying they would pay more for the home’s location over its size, historic significance, or previous (famous) owners. Where do the 1% around the world want to live? Anywhere close to the water. Luxury buyers in the U.S., Canada, Hawaii, France, Germany, Italy, Sweden, Switzerland, the U.K., Brazil, Hong Kong, Japan, Thailand, China, Australia, New Zealand, as well as those in Caribbean and Central America all search predominantly for waterfront properties. But high-end buyers from Spain, Venezuela, and Mexico were all more likely to look for mountain mansions. Russia was a major outlier, with its wealthy residents searching for countryside properties 83% of the time. If you are like most Luxury Buyers, you will enjoy this Oceanfront Olowalu Home just steps from the water. Call me today to view this...