Blog :: 05-2019

April Sales Report of Single Family Homes in Pioneer Valley

Pioneer Valley Real Estate Sales ReportsSales of single family homes in Franklin County were up 22.7% and median price up 4.6% in April 2019 compared to April 2018. The sales were up in Hampshire and Hampden Counties. Median price was also up in both Hampden and Hampshire Counties. 

The average days on market was up 8.9% from 77 days in April 2018 compared to 84 days in April 2019. Listings that are pending (under agreement to sell) were up 8.3% from 593 listings pending in April 2018 to 642 listings pending sale in April 2019.

April Sales Report Key PointsApril Sales Report County AveragesApril Sales Report Franklin County

Cost vs. Value: Is Your Home Renovation Worth It?

Deciding Whether to Renovate

Renovated Kitchen Western MassachusettsHow do you know whether it’s worth it to make a renovation to your home? Perhaps you want to improve the quality of living at your home, but don’t necessarily want to sell in the near future. Maybe you are planning to sell soon and want to increase your resale value. No matter what your reason, below is a helpful table which compares the average costs of specific home renovations to the resale value and cost recouped for New England.

Reach out to Wanda Mooney to discuss which renovations will provide the highest return for your home based on when you plan to sell. Email Wanda at Wanda@WandaMooney.com or call (413) 768-9848. 

New England Home Renovation Cost vs Value ReportNew England Home Renovation Cost vs Value Report

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Local Builders in Western Massachusetts

Once you have made the decision to renovate, check out these local businesses who can help you in your home renovations.

Bathroom Renovation Western MassachusettsWright Builders, Inc: Wright Builders is a Western Massachusetts' sustainable, high performance and zero net energy construction expert. With nearly 45 years of high-performance building practices; from planning, to design, to construction, their expertise and commitment to excellence will bring your home, workplace, institutional or commercial project from concept to fruition. They have ongoing partnerships with the EPA's ENERGY STAR and Indoor airPlus programs to enhance the quality of the living and work environments they create with you. Contact Wright Builders at (413) 586-8287 or info@wright-builders.com.

Scott DiGeorge/DiGeorge Builders: Based out of Bernardston, Mass, DiGeorge Builders provides excellent service in custom building and remodeling. Contact Scott DiGeorge at (413) 648-0584. 

JPH Building, Inc: JPH Building is a full service residential and light commercial building company. Located in Shelburne Falls, Massachusetts and founded by Jay Heilman, a master craftsman with over twenty years of experience. Contact JPH Building at (413) 775-3305 or Jay@jphbuilding.com

AIP Builders: AIP or Aging in Place Builders specializes in renovations which help the elderly or those with disabilities to renovate their home in a way which allows them to continue to live comfortably in their home. They are a family owned and operated business based out of Northfield, MA. Contact AIP Builders at (413) 225-3047.

 

(Source: https://www.remodeling.hw.net/cost-vs-value/2018/new-england/)

 

Why Buyers Love Living at Green River Commons

Welcome to Green River Commons: 

green river commons7 beautiful single level, sustainable, comfortable and net zero ready townhome condominiums. Green River Homes, LLC and Wright Builders, Inc. are proud to be working with the Town of Greenfield to offer 4 of the 7 homes at a reduced market rate to qualified buyers who meet certain income guidelines. There is an application process, and if selected, you will have an opportunity to live in one of these energy efficient homes. Each home features an open concept design with sloping high ceilings in the living area, a state of the art heating and cooling mini split system, ENERGY STAR appliances, engineered pre-finished wood floors, triple glazed double hung windows and an outside patio and storage shed. All homes are Net Zero ready for a buyer purchased photo voltaic system, giving the owner an opportunity to experience even lower monthly utility costs. Located just steps from the future bike path, transit center, restaurants, and performing arts center!

But don't just take my word for it - hear why these two buyers love their condo at Green River Commons: 

View the listings at Green River Commons.

Call or email Wanda today for more information! 413-768-9848 or Wanda@WandaMooney.com

You're Invited to the Hope Against Hunger Annual Auction!

Monday, May 13th, 5-7 pm at Hope & Olive in Greenfield, MA

Franklin County Community Meals ProgramEnjoy an evening of delicious appetizers and the chance to win amazing local auction items at the 16th Annual Hope Against Hunger Auction. Guest auctioneer Lis Fisk from WHAI/Bear Country will be there, as well as the members of Franklin County Community Meals Program (FCCMP). Hosted by Hope & Olive restaurant in Greenfield, the auction benefits FCCMP. Tickets are $20 at the door or $15 in advance - ask a FCCMP board member or stop into the Greenfield Savings Bank , 400 Main St in Greenfield to purchase.

The FCCMP runs the Orange and GCC Food Pantries, which provide food and household supplies monthly to area residents and GCC students and staff, respectfully, with emergency needs. 

So come out and show your support for this wonderful cause this Monday! 

 

Hope against hunger annual auction

Respond to their Facebook Event!

How to Spot Foundation Issues When Buying a Home

Recently, Coldwell Banker's blog, Blue Matter, posted about spotting foundation issues when buying a home, something that might not be so obvious if you don't look for these signs. Here is the article, a guest post by Sarah Hutchinson. 

Spotting Foundation Issues When Buying a Home

Buying a home is both exciting and stressful. Consider these tips about how to spot potential issues when viewing homes with your real estate agent.

 MAR 29, 2019

The following guest post is from Sarah Hutchinson

Buying a home is both exciting and stressful. After all, you want to find a place that suits your living needs and is in great condition. One of the biggest concerns is that the property you purchase is structurally sound, and this often starts with the foundation. Consider these tips about how to spot potential issues when viewing homes with your real estate agent.

spotting foundation issues coldwell banker

Photo Courtesy of Ram Jack

Watch for these warning signs

When touring homes, keep an eye out for the following signs of foundation problems. Pay extra attention if you’re looking at homes built more than a decade ago or in an area with clay soil, which is notorious for damaging foundations.

What to look for on the outside:
• Horizontal cracks in the foundation itself
• Stair-step cracking in exterior bricks
• A chimney that leans away from the house
• Gaps above windows and doors or around the garage door
• Sunken porches or stairs

What to look for on the inside:
• Cracks in the drywall
• Misaligned windows or doors that are hard to open and close
• Sloping floors or cracked tiles
• Cracks in the ceiling
• Any separation between walls and the ceiling
• Moisture in crawl spaces or the basement

What should I do if I see these warning signs?

Many buyers run for the hills when they think a home’s foundation isn’t structurally sound, but you don’t need to immediately rule out a house if you believe it has foundation problems. Take a deep breath and investigate the issues—the more you know, the better decisions you can make. Keep in mind that some situations will only require minor repairs, while others can be quite complex.

Start here to weigh the pros and cons:
• Ask the seller if they’ve had foundation repair work or an inspection done. In most cases, sellers are required by law to disclose foundation issues.
• A routine home inspection may not be enough, so have a specialized foundation company, like Ram Jack, assess the home.
• Research the potential cost of repairs to help you determine a fair price. A wealth of information is available online—search for “foundation repair cost” to get an overview of what to expect.
• Find out if the issues will affect your financing. Often, houses with unresolved foundation problems can only be purchased with cash or a special type of mortgage.

What if a home I’d like to buy has had the foundation repaired?

Many buyers would look at this as a positive, especially if the repairs were done by a reputable contractor who offers a warranty. The best foundation repair companies offer a lifetime warranty that is transferable when the home sells. Just be sure that all the proper permits were pulled at the time of the repair and that there hasn’t been any trouble since. If the foundation has been stabilized, any remaining cosmetic issues can be resolved easily and quickly.

What if I’d like to make an offer but don’t want to end up with a nightmare on my hands?

Make sure your offer is written up with contingencies that protect you if things turn out differently than expected. A contingency will make your offer dependent on specific conditions, such as inspections or repairs. Discuss your options with your real estate agent.

Should I ask the seller to fix the foundation as part of the sale?

You can ask the seller to make the repairs, but it’s common for them to reduce the price of the home and sell it “as is.” If you aren’t up for making the repairs yourself, you may need to look for a different house. Additionally, some buyers worry that if the seller is held responsible, they will choose the most affordable option, not the most thorough one.

Image courtesy of Flickr user ArmchairBuilder.com 

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sarah hutchinson Sarah Hutchinson is the Director of Digital Content at ConcreteNetwork.com, the top online resource for the decorative concrete and repair industry. For ten years, Sarah has worked with industry experts and contractors across the U.S. and Canada to educate consumers about the possibilities of concrete. ConcreteNetwork.com can also be found on Facebook and Instagram.

 

 

 

Sam Shalom

Sam is the Marketing Coordinator for Coldwell Banker Real Estate. He is Jersey born and bred, and currently resides in Roseland, NJ. He is an avid reader, loves Games of Thrones and is a New York Yankees die-hard.

You can follow him on Twitter @World_Shalom

 

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