Media PA. / Delaware County Home – 561 Farnum Rd. Media PA. 19063

561 Farnum Rd. Media PA. 19063

Listing courtesy of Bill Shinn – BHHS Fox & Roach Wayne-Devon

$695,000

Est. Mortgage $4,669/mo*
4 beds
4 Baths
2316 Sq. Ft.

Description about this home for sale at 561 Farnum Rd. Media PA. 19063

Professional photos coming Saturday. Great opportunity, this spacious two story brick colonial in charming neighborhood has 4 bedrooms, 2 baths, and 2 powder rooms. A large living room with brick fireplace adjacent to a paneled study with beam ceiling, great for activities. The dining room has an outside entrance to screened in porch, the kitchen is eat in and there is a rear outside deck, powder room is in rear hall. The second floor has four bedrooms and two full baths. There is a hall pull down stairs access to attic, and two hall closets. The basement has a family room with built-ins, a kitchenette, pantry closet, storage closet, powder room, and laundry area. New roof with new gutters and downspouts (2023). Property is on .488 acres and easy access to shopping, hospitals, trains, and trolley.

Interior Features on this home for sale at 561 Farnum Rd. Media PA. 19063
Interior DetailsBasement: Full,Partially FinishedNumber of Rooms: 1
Beds & BathsNumber of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 2Number of Bathrooms (half): 2Number of Bathrooms (main level): 1
Dimensions and LayoutLiving Area: 2316 Square Feet
Appliances & UtilitiesAppliances: Electric Water Heater
Heating & CoolingHeating: Forced Air,OilHas CoolingAir Conditioning: Central A/C,ElectricHas HeatingHeating Fuel: Forced Air
Fireplace & SpaNumber of Fireplaces: 1Has a Fireplace
Levels, Entrance, & AccessibilityStories: 2Levels: TwoAccessibility: None
Exterior Features
Exterior Home FeaturesOther Structures: Above Grade, Below GradeFoundation: BlockNo Private Pool
Parking & GarageNumber of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 2Parking: Additional Storage Area,Attached Garage,Driveway,On Street
PoolPool: None
FrontageNot on Waterfront
Water & SewerSewer: Public Sewer
Finished AreaFinished Area (above surface): 2316 Square Feet
Days on Market
Days on Market: 1
Property Information
Year BuiltYear Built: 1956
Property Type / StyleProperty Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Colonial
BuildingConstruction Materials: Frame, Masonry, BrickNot a New Construction
Property InformationParcel Number: 35000036700
Price & Status
PriceList Price: $695,000Price Per Sqft: $300
Status Change & DatesPossession Timing: Immediate, 31-60 Days CD, 0-30 Days CD, Negotiable
Active Status
MLS Status: ACTIVE
Location
Direction & AddressCity: MediaCommunity: Holly House
School InformationElementary School: MediaElementary School District: Rose Tree MediaJr High / Middle School: Springton LakeJr High / Middle School District: Rose Tree MediaHigh School: PenncrestHigh School District: Rose Tree Media

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 561 Farnum Rd. Media PA. 19063 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 561 Farnum Rd. Media PA. 19063

Listing courtesy of Bill Shinn – BHHS Fox & Roach Wayne-Devon

Strategies for Maintaining a Home as an Asset

High-profile bank failures offer lessons worth sharing with your clients and customers.

Key takeaways:

  • The Federal Deposit Insurance Corporation takeover of Silicon Valley and First Republic banks is a reminder of how critical it is to strategically manage assets—including a home. 
  • Real estate professionals play a key role in educating homeowners about how to manage their home as an asset. 
  • This article offers eight tips to share with homeowners, from keeping up with regular maintenance to communicating with their lender to documenting all records related to their home.

The high-profile failures of Silicon Valley Bank and First Republic Bank are an object lesson on the importance of managing one’s assets. Companies, entrepreneurs and venture capitalists, who had more than $170 billion stored at SVB, were left scrambling to access their money for 72 hours until the Federal Deposit Insurance Corporation stepped in to ensure that depositors would be made whole.

Bloomberg reported that 97% of SVB’s deposits were uninsured because they were above the $250,000 limit which the FDIC insures. That fact should be a wake-up call for homeowners, who have seen the median price of homes increase 110% over the past decade, according to NAR data. Homeownership represents a significant investment of time and money and the biggest asset many people own. And just like bank owners and their depositors, homeowners must manage their assets strategically to ensure long-term sustainability.

You can help your clients get on the path to sustainable homeownership by sharing these eight asset management and risk mitigation strategies that banks follow—and that also apply to good stewardship of a home.

  1. Maintain the asset. Through regular maintenance and repairs, homeowners ensure their home continues to serve the intended purpose. Keeping up with routine maintenance tasks like cleaning gutters, inspecting the roof and servicing HVAC systems can help prevent costly repairs down the line and ensure that the home stays in good condition.
  2. Increase value.  Renovations and upgrades not only improve an owner’s enjoyment but can increase the value of the home. Provided the owners have kept good records (see point 8, “Document everything”), they can also use improvement to increase the property’s tax basis. That’s important for sellers who have seen big run-ups in value and want to minimize their tax liability when they sell. The National Association of REALTORS®’ Remodeling Impact Report shows which remodeling projects are likely to have the most value at resale.
  3. Consider insurance options. Like deposit insurance, homeowner’s insurance has limits. Homeowners should reevaluate their coverage each year to be sure they’re adequately covered for replacement costs. They may also want to explore other risk-management options, such as security systems and impact-resistant roofing products that can reduce their insurance costs and further protect their home.
  4. Have a contingency plan. Homeowners should have a plan in place in case of a fiscal crisis or unexpected event that could affect their ability to pay their mortgage. This includes having emergency savings, a budget and a plan for managing debt.
  5. Communicate with lenders. When it comes to managing a mortgage, homeowners should make timely payments and consider refinancing if interest rates drop or their credit score improves. They should also maintain open communication with their lender and inform the lender of any changes in their financial situation that could affect their ability to make mortgage payments. Additionally, it’s important for owners to be aware of the terms of the mortgage and to avoid taking on too much debt or borrowing against the equity in the home without careful consideration.
  6. Seek professional advice. In addition to working with a REALTOR® when they buy or sell, homeowners should seek professional advice from financial advisors, mortgage brokers and other experts to help them manage their asset and make informed decisions.
  7. Keep track of your assets. A home is not just a place to live but also an asset that can appreciate over time. Homeowners should regularly assess the value of their home and keep track of any changes that could affect its value. This includes monitoring changes in the local housing market, interest rates and property taxes.
  8. Document everything. Recordkeeping is core to the service that banks provide, and it’s essential for homeowners, too. From the moment of purchase, owners should keep all the documents, records and transactions from their home, including details and costs of renovations and upgrades that can be added to their tax basis (see point 2, “Increase value”).

Bank failures are a cautionary reminder of the importance of strategic asset management. Just like banks—and the companies, entrepreneurs and investors who park their money in banks—homeowners need to take a proactive approach to maintenance, upgrades and financial management. By taking these steps, owners help ensure that their home remains a source of long-term financial stability and security for themselves and their family.

©National Association of REALTORS®
Reprinted with permission

Top Places to Buy a Tiny Home

While more homeowners have been interested in gaining space during the pandemic, the market for tiny homes is still appealing to certain segments, particularly investors and first-time home buyers.

The affordability of these homes is one of the biggest draws. Many tiny homes cost between $30,000 to $60,000. For comparison, the median price for a starter home is $233,400, according to the National Association of REALTORS®.

IPX1031, a 1031 exchange transaction firm, recently analyzed home listing data to examine the tiny home market by state. Researchers found that Mississippi is the most affordable state to purchase a tiny home ($30,000), followed by Nebraska ($34,000), North Dakota ($34,333), New Hampshire ($34,950), and Kentucky ($35,000).

The states with the priciest tiny homes tend to mostly be located in the West, led by Hawaii ($93,333), California ($74,917), and Nevada ($71,963).

The Tiny Home Market Is Still a Big Draw

IPX1031 researchers identified the best overall states for tiny homes by factoring in the average cost to purchase a tiny home, median income, cost of living index, and livability factors like the average annual temperature and the percentage of state and local park land.

A list of the top 25 states in America for buying a tiny home

©National Association of REALTORS®
Reprinted with permission

Broomall / Delco PA Home – 2 Willowbrook Rd, Broomall, PA 19008

2 Willowbrook Rd, Broomall, PA 19008

Listing courtesy of Theresa O’donnell – RE/MAX Preferred – Newtown Square

$625,000

Est. Mortgage $4,278/mo*
5 Beds
3 Baths
3100 Sq. Ft.

Description on this home for sale at 2 Willowbrook Rd, Broomall, PA 19008

Welcome to 2 Willowbrook Road in desirable Marple Township and award winning Marple-Newtown School District. This home was custom built for the current owner. This 3100 square foot home is much larger then most of the homes in the neighborhood. This home sits on a huge lot on the corner of Beechtree Dr and Willowbrook Rd. As you enter the front door you will notice the massive foyer. The large living room with gleaming hardwood floors, a big picture window allowing in natural light is to your right. The fireplace is the focal point of this formal living room. Adjacent to the living room you will find the generous size dining room. The kitchen is truly eat in. On this same level you will find a recreation room with a mason fireplace large windows. An extensive bedroom and a full ceramic tile bath. Downstairs you will find a nice size family room with a full length wet bar. ceramic tile flooring, entrance to the driveway. There is a laundry room and half bath on this level as well. Upstairs you will find 3 generous size bedrooms all with hardwood flooring, and plenty of closet space. The well appointed hall bath is spacious with new fixtures. This home is close to schools, township parks, swim clubs, shopping. close proximity to major highways providing easy access to Philadelphia, New Jersey, New York, Delaware.

Interior Features on this home for sale at 2 Willowbrook Rd, Broomall, PA 19008
Interior DetailsBasement: Crawl SpaceNumber of Rooms: 1
Beds & BathsNumber of Bedrooms: 5Main Level Bedrooms: 2Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and LayoutLiving Area: 3100 Square Feet
Appliances & UtilitiesAppliances: Gas Water HeaterLaundry: Laundry Room
Heating & CoolingHeating: Baseboard – Hot Water,Natural GasHas CoolingAir Conditioning: Central A/C,Natural GasHas HeatingHeating Fuel: Baseboard Hot Water
Fireplace & SpaNumber of Fireplaces: 2Has a Fireplace
Levels, Entrance, & AccessibilityStories: 3Levels: Split Level, ThreeAccessibility: Accessible Entrance, No Stairs
Exterior Features
Exterior Home FeaturesOther Structures: Above Grade, Below GradeNo Private Pool
Parking & GarageOpen Parking Spaces: 6No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 6Parking: Driveway
PoolPool: None
FrontageNot on Waterfront
Water & SewerSewer: Public Sewer
Finished AreaFinished Area (above surface): 3100 Square Feet
Days on Market
Days on Market: 6
Property Information
Year BuiltYear Built: 1956
Property Type / StyleProperty Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Detached
BuildingConstruction Materials: Brick, StoneNot a New Construction
Property InformationParcel Number: 25000546100
Price & Status
PriceList Price: $625,000Price Per Sqft: $202
Status Change & DatesPossession Timing: Immediate
Active Status
MLS Status: COMING SOON
Location
Direction & AddressCity: BroomallCommunity: Marple
School InformationElementary School District: Marple NewtownJr High / Middle School District: Marple NewtownHigh School District: Marple Newtown

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 2 Willowbrook Rd, Broomall, PA 19008 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 2 Willowbrook Rd, Broomall, PA 19008

Listing courtesy of Theresa O’donnell – RE/MAX Preferred – Newtown Square

Havertown / Delco Home – 1752 Josie Lane, Havertown, PA. 19083

1752 Josie Lane, Havertown, PA. 19083

Listing courtesy of Damon Michels – Keller Williams Main Line – Narberth

$500,000

Est. Mortgage $3,401/mo*
3 Beds
3 Baths
2382 Sq. Ft.

Description about this home for sale at 1752 Josie Lane, Havertown, PA. 19083

Welcome to 1752 Josie Lane! This 3 bedroom, 2 full and 1 half bath, 2,382 square foot split-level home sits on 0.27 acre in the sought after Marilyn Park neighborhood of Havertown. As you enter the spacious living room, you will immediately notice the vaulted ceilings and skylight creating a bright and airy space. From here the formal dining room sits off the open kitchen with a tile backsplash, gas cooking, and a door to the tranquil side porch. Upstairs the primary bedroom features a wall of closets, built-ins, and a full en-suite bath. Two additional bedrooms and a full hall bath complete this level. Step down from the main floor to the wonderful family room with exposed beams, a wet bar, and tons of closet space. Step outside to the lovely slate patio and sizeable rear yard. On this level, you will also find the convenient half bath, a laundry room, and a bonus room which is perfect for an office or playroom. Close to shopping, restaurants, and major roadways. Don’t miss this one, it won’t last!

Interior Features on this home for sale at 1752 Josie Lane, Havertown, PA. 19083
Interior DetailsBasement: Finished,Walkout Level,Crawl SpaceNumber of Rooms: 1
Beds & BathsNumber of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and LayoutLiving Area: 2382 Square Feet
Appliances & UtilitiesUtilities: Cable Connected, PhoneAppliances: Dryer, Oven/Range – Gas, Refrigerator, Dishwasher, Washer, Gas Water HeaterDishwasherDryerLaundry: Lower Level,Has Laundry,Laundry RoomRefrigeratorWasher
Heating & CoolingHeating: Forced Air,Natural GasHas CoolingAir Conditioning: Central A/C,ElectricHas HeatingHeating Fuel: Forced Air
Fireplace & SpaNo Fireplace
Windows, Doors, Floors & WallsWindow: Replacement, Screens, Double Pane Windows, Skylight(s)Flooring: Hardwood, Wood, Carpet, Wood Floors
Levels, Entrance, & AccessibilityStories: 2Levels: Split Level, TwoAccessibility: NoneFloors: Hardwood, Wood, Carpet, Wood Floors
SecuritySecurity: Smoke Detector(s)
Exterior Features
Exterior Home FeaturesRoof: Shingle PitchedPatio / Porch: Porch, PatioOther Structures: Above Grade, Below GradeExterior: Sidewalks, Street Lights, LightingFoundation: Concrete PerimeterNo Private Pool
Parking & GarageOpen Parking Spaces: 4No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 4Parking: Paved Driveway,Private,Driveway
PoolPool: None
FrontageNot on Waterfront
Water & SewerSewer: Public Sewer
Finished AreaFinished Area (above surface): 2382 Square Feet
Days on Market
Days on Market: 2
Property Information
Year BuiltYear Built: 1960
Property Type / StyleProperty Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Detached
BuildingConstruction Materials: Vinyl Siding, Stone, BrickNot a New Construction
Property InformationCondition: Very Good, ExcellentIncluded in Sale: Washer, Dryer, Refrigerator All-as-isParcel Number: 22010070100
Price & Status
PriceList Price: $500,000Price Per Sqft: $210
Status Change & DatesPossession Timing: Negotiable
Active Status
MLS Status: ACTIVE
Location
Direction & AddressCity: HavertownCommunity: Marilyn Park
School InformationElementary School: CoopertownElementary School District: Haverford TownshipJr High / Middle School: HaverfordJr High / Middle School District: Haverford TownshipHigh School: Haverford SeniorHigh School District: Haverford Township

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 1752 Josie Lane, Havertown, PA. 19083 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 1752 Josie Lane, Havertown, PA. 19083

Listing courtesy of Damon Michels – Keller Williams Main Line – Narberth

What’s Trending in Kitchens

The kitchen is the heart of the house where everyone congregated during the pandemic, and it’s still the go-to room for multiple functions—that means it keeps changing.

Key Takeaways:

  • White still reigns but color shows up in cabinetry, appliances, and countertops.
  • Lighting is now in layers rather than a trio of pendants above an island.
  • Steam ovens are the hottest new appliance.

The kitchen became an even more significant heart of the home during the pandemic as the focal point for gathering, working, entertaining, and, of course, cooking, says Joe Fava, CEO of Fava Design Group(link is external) in Miami. Now, homeowners are putting more into their kitchen space—literally. They’re buying larger refrigerators, freezers, and sinks, and second dishwashers and ovens, he says.

Homeowners are entertaining and cooking even more at home, and the price tag reflects their exuberance. Those who can afford to do so spend upwards of $100,000 on kitchen upgrades. But your clients don’t have to pay that much to get a kitchen they love. Much smaller, less costly improvements can make any kitchen more appealing. Here’s how.

Think color. Kitchen colors are changing. Although white cabinets remain the most popular choice, according to the Houzz design site(link is external), the trend is moving toward additional color and warmth to give the room more personalized, says designer Kristie Barnett of The Decorologist in Nashville(link is external). Medium green cabinetry is becoming popular, as well as dramatic quartzite countertops and backsplashes. Some reflect hues as vivid as purple, says Fava.

The use of green is part of a bigger trend dubbed “forest bathing,” which means being surrounded by natural materials and spending time among nature to calm oneself, which the Japanese call shinrin-voku(link is external). If you can’t walk in a forest, some say bringing the colors in can help destress. The nature-inspired shades and textures are turning up in unexpected places like cabinetry, appliances, and hoods, says J.T. Norman with Kitchen Magic in Nazareth, Pa(link is external). For example, Fulgor Milano’s “Sofia” professional range door color kits offer six matte and glossy hues.

Think wood. In addition to color, wood veneers are also in vogue as part of the forest bathing trend, says Fava. “Clients come to us with an interest in a warmer aesthetic of a wood veneer in anigre, an exotic wood, or sometimes a lighter wood color.” The younger generation is more interested in sustainable materials and designs than older clientele, he says. Because of the wood veneers, some cabinets no longer require hardware and depend on a touch latch to open and a button to close. But for those cabinets that use hardware, they’re showing up in a variety of metals: gold, champagne, matte black, and rubbed oil bronze. Norman is seeing more greiges or warm brown and taupe tones returning as part of this outdoor vibe.

Light in layers. With advancements in LED technology, new lighting options continue to roll out, according to kitchen designer Mick De Giulio of de Giulio Kitchen Design(link is external) in Chicago. “You can now incorporate small, beautiful lights in colors that range from 2700 to 3000 Kelvin—warm to cool—and layer different effects throughout any room,” he says. In a kitchen, De Giulio likes to use lighting to outline a room’s features—floor toe kicks, cabinets, backsplashes. For more decorative purposes, he may add wall sconces or a linear fixture above a kitchen island. Recessed cans have gone out of style because they make a ceiling look cluttered.

Consider simpler but varied cabinets. Cabinetry is going in a few different directions. Some are taking cues from European-inspired design. Elmwood recently introduced a collection called “Renaissance(link is external)” that offers a choice of metallic paint hues in gold, silver, copper, all inspired by the continent’s great palaces. Simpler, more modern is also in, which means less maintenance is needed, says Norman.

Architect Eddie Maestri of Maestri Studio(link is external) agrees and sees fewer Shaker boxes and more taupe-gray color of the wood and other colors if the kitchen is traditional. In his own kitchen, he used brass for upper cabinet doors and black walnut for lower ones.

Cook healthier and smarter. Some homeowners consider a steam oven today’s “it” appliance choice because allows for healthy cooking. Fulgor Milano’s 30-inch model(link is external) allows optimal vitamin retention and flavor and works as a steam, convection, and combi-steam cooking unit. Smart appliances that can be paired with a smartphone via download apps are also desirable among homeowners. Smart refrigerators, for example, alert homeowners when they’re low on items so groceries can be ordered. Smart ovens can be turned on via an app to preheat even when homeowners aren’t home, says Norman.

Try larger flooring tiles. Fava is using more large-format porcelain tiles in the kitchen today—as big as 30 by 60 inches instead of plank styles, which, he says, “have seen their day.” Norman also likes larger tiles but in luxury vinyl that better mimics wood. Maestri steers clear of hardwoods and prefers “statement” tile in concrete, depending on the house, he says.

Go seamless with the backsplash and countertop. The same material is being used for both areas to offer a less choppy, seamless look, says Norman. He favors quartz. Maestri likes this approach, too, or using two similar designs in quartzite, marble, or certain granites.

Double the island. One island is considered great, but now two are twice as good (if there’s room). “It’s a twin to the existing island,” says Norman, whose clients are willing to take down a wall to make it feasible. Instead of using the same island, Maestri might include a design that resembles furniture, which can also function as a barrier between a less open kitchen and adjoining living space.

Is the Remodeling Boom Over—or Just on Pause?

A slowdown in renovation projects is settling in after a pandemic-fueled boom, but there are plenty of reasons why the pullback may not last long.

During the pandemic, Americans became ultra-focused on upgrading their homes, taking on remodeling and DIY projects in record numbers. But as recession fears mount, more homeowners are putting on the brakes and showing less willingness to dole out large amounts of money on home improvement projects.

New data this week shows home improvement giants like Lowe’s and Home Depot posting lower profits. These firms also are downgrading their sales outlooks for the year. Home improvement experts say consumers are becoming jittery about the economy and are moving from large-scale remodels to smaller, cheaper projects—or just scrapping their renovation plans altogether. Consumers have a case of the “home improvement blues,” Neil Saunders, a retail expert and managing director at Global Data, reportedly said this week.

Despite several possible reasons for the remodeling slowdown, it won’t be a bust, experts say. One reason is that homeowners often remodel before and after moving. As home sales remain slow this spring, there may be fewer new homeowners to make these remodeling changes—at least for now, says Jessica Lautz, deputy chief economist and vice president of research at the National Association of REALTORS®.

Elevated prices also may be causing homeowners to back away from remodeling, as the median price for a home improvement project surged to $22,000 in 2022, a record high and a 22% jump from 2021, according to the 2023 U.S. Houzz & Home Study(link is external). Labor shortages are continuing to drive up renovation costs and timelines, according to the second-quarter reading of the Houzz Renovation Barometer(link is external), which is based on responses from about 1,500 home improvement firms. Ninety percent of survey respondents reported ongoing delays for cabinetry, indoor furniture, windows and lighting fixtures.

As we come out of the pandemic, people have more activities to engage in outside the home, removing some of the urgency to remodel that owners felt when they were stuck at home. The pandemic-fueled remodeling boom “seems to be settling as people have more time to travel and go to dinner versus picking up a paint brush or hammer and reinventing their home,” Lautz says. She views the remodeling slowdown as short-lived because homeowners who locked in lower mortgage rates in recent years are likely to stay put rather than trade up at a higher rate. “As these homeowners stay put, they may need to invest in improvements or want to reimagine their space to fit their changing needs,” Lautz adds.

Why Remodeling May Remain Strong Long-Term

A Houzz survey earlier this year found that more than half of homeowners say they intend to renovate in 2023. The U.S. debt ceiling crisis and a fragile economy may have an impact on renovation activity, but there are some factors that may keep the remodeling sector strong in the long run.

  • Low inventory. Faced with few housing options on the market, many homeowners may feel stuck and wary of today’s higher mortgage rates and home prices. As they stay in place, they may desire to upgrade their current home to accommodate their lifestyle and needs for longer than they intended.
  • Aging homes. The median age of a home in the U.S. is 39 years old. As homes age, they often need repairs or updates to maintain their value. Nearly 30% of homeowners updated their plumbing, followed by electrical and home automation upgrades, according to a recent Houzz survey. Homes enter their prime remodeling years when they are between 20 to 29 years old, and an additional 2.9 million homes will be entering that age range by 2027, according to data from the National Kitchen & Bath Association. Find out the most popular upgrades by home age.
  • Boost value. Sixty-two percent of homeowners say their main motivation for taking on a recent renovation was to increase their home’s value, according to a survey(link is external) conducted by Cinch Home Services, a home warranty company. Homeowners express concerns about selling their home in its current state, citing concerns their home is in need of too many repairs (65%); has an outdated interior (60%); lacks trendy fixtures (38%); or lacks curb appeal (33%), the survey notes. Use NAR’s Remodeling Impact Report to show your clients which projects tend to have the best returns at resale.

©National Association of REALTORS®
Reprinted with permission

Sea Isle City / Jersey Shore Vacation home – 109 57th St. Sea Isle City, NJ. 08243

109 57th St. Sea Isle City, NJ. 08243

Listing courtesy of Joseph Rauh – CENTURY 21 RAUH and JOHNS

$1,999,999

Est. Mortgage $12,285/mo*
3 Beds
1 bath

Description about this home for sale at 109 57th St. Sea Isle City, NJ. 08243

Three bedroom, one full bath rancher with driveway. Gas heat, newer kitchen and bath. Hardwood flooring with ceramic tile in bathroom and kitchen.

Interior Features on this home for sale at 109 57th St. Sea Isle City, NJ. 08243
Beds & BathsNumber of Bedrooms: 3Number of Bathrooms: 1Number of Bathrooms (full): 1
Heating & CoolingHeating: Forced Air,Natural GasNo CoolingHas HeatingHeating Fuel: Forced Air
Fireplace & SpaNo FireplaceNo Spa
ViewNo View
Exterior Features
Parking & GarageNo CarportNo GarageNo Attached GarageParking: Parking Pad,None
FrontageNot on Waterfront
Water & SewerSewer: Public Sewer
Farm & RangeNot Allowed to Raise Horses
Days on Market
Days on Market: 28
Property Information
Year BuiltYear Built: 1961
Property Type / StyleProperty Type: ResidentialProperty Subtype: RanchArchitecture: Ranch
BuildingNot a New Construction
Price & Status
PriceList Price: $1,999,999
Active Status
MLS Status: Active
Location
Direction & AddressCity: Sea Isle City

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 109 57th St. Sea Isle City, NJ. 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 109 57th St. Sea Isle City, NJ. 08243

Listing courtesy of Joseph Rauh – CENTURY 21 RAUH and JOHNS

Broomall / Delco Home – 2204 Rutgers Dr. Broomall, PA. 19008

2204 Rutgers Dr. Broomall, PA. 19008

Listing courtesy of Nicole O’reilly – EXP Realty, LLC, (888) 397-7352

$545,000

Est. Mortgage $3,810/mo*
3 Beds
3 Baths
1876 sq. ft.

Description

Introducing the perfect home you’ve been waiting for in Broomall! This remarkable property offers an ideal combination of features that are sure to capture your heart. Located in a quiet and safe neighborhood within an Award-Winning School District, this home boasts exceptional curb appeal and a host of desirable amenities. As you approach the house, you’ll be captivated by its low maintenance and stunning stone facade, exuding timeless elegance. The beautiful stone wall and two bow windows add a touch of charm to the exterior, while the meticulously landscaped front yard showcases a magnificent magnolia tree. With a recently replaced roof (just five years old) and a freshly re-paved driveway, the exterior is both inviting and well-maintained. Step inside, and you’ll be greeted by gorgeous hardwood floors that flow throughout the home (same floors are under carpet), offering a warm and inviting atmosphere. The deep window sills in the dining and living rooms provide a classic touch and create a sense of character. Natural light floods the first floor, creating a bright and open feel that you’ll love. The kitchen is a true delight, featuring a cheerful ambiance and a huge bay window that bathes the space in sunlight. Custom tile detailing adds a unique and stylish element. This is the perfect spot to prepare meals while enjoying the lovely view outside. Venturing upstairs, you’ll discover three well-proportioned bedrooms that offer ample space for relaxation and rest. The two bathrooms include a completely renovated master en-suite, ensuring both comfort and convenience for the lucky owners. The finished lower level presents an excellent opportunity for customization, with a versatile family room that can be transformed into your ideal space. Whether you envision a man cave, a playroom for the kids, or a game room for entertaining, this area provides endless possibilities. A brand new powder room adds to the convenience and functionality of the lower level. Noteworthy updates include a two-year-old hot water heater and gas heater, ensuring efficiency and reliability. The presence of central air conditioning keeps the entire home cool and comfortable throughout the seasons. The expansive backyard is a true haven, offering a retreat from the hustle and bustle of daily life. A substantial shed with electric power provides ample storage space or can be utilized as a workshop, catering to your specific needs. Don’t miss out on this extraordinary opportunity to make this house your own. With its exceptional location, impeccable features, and undeniable value, it’s undoubtedly the best buy in town. Seize the chance to call this Broomall gem your forever home. Schedule a viewing today and turn your dreams into reality!

Interior Features
Interior DetailsBasement: Walkout StairsNumber of Rooms: 1
Beds & BathsNumber of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and LayoutLiving Area: 1876 Square Feet
Appliances & UtilitiesAppliances: Gas Water Heater
Heating & CoolingHeating: 90% Forced Air,Natural GasHas CoolingAir Conditioning: Central A/C,ElectricHas HeatingHeating Fuel: 90 Forced Air
Fireplace & SpaNo Fireplace
Levels, Entrance, & AccessibilityStories: 2.5Levels: Bi-level, Split Level, 2.5Accessibility: None
Exterior Features
Exterior Home FeaturesOther Structures: Above Grade, Below GradeFoundation: BlockNo Private Pool
Parking & GarageNumber of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 1Parking: Built In,Driveway,On Street,Attached Garage
PoolPool: None
FrontageNot on Waterfront
Water & SewerSewer: Public Sewer
Finished AreaFinished Area (above surface): 1876 Square Feet
Days on Market
Days on Market: 7
Property Information
Year BuiltYear Built: 1956
Property Type / StyleProperty Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: DetachedArchitecture: Detached
BuildingConstruction Materials: StoneNot a New Construction
Property InformationCondition: Very GoodIncluded in Sale: Refrigerator, Washer, Dryer, Stand Up Freezer In As Is ConditionParcel Number: 25000412300
Price & Status
PriceList Price: $545,000Price Per Sqft: $291
Status Change & DatesPossession Timing: Negotiable
Active Status
MLS Status: ACTIVE
Location
Direction & AddressCity: BroomallCommunity: Langford Hills
School InformationElementary School: RussellElementary School District: Marple NewtownJr High / Middle School: Paxon HollowJr High / Middle School District: Marple NewtownHigh School: Marple NewtownHigh School District: Marple Newtown

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about this home for sale at 146 56th St. Sea Isle City, NJ. 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas
Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}
Direct Number: (610) 353-5366 {Smart Phones Click to Call}
Fax: (610) 771-4480
Email: anthony@anthonydidonato.com
Call me for info on this home for sale at 2204 Rutgers Dr. Broomall, PA. 19008

Listing courtesy of Nicole O’reilly – EXP Realty, LLC, (888) 397-7352

Contractors Hard to Find Amid Renovation Boom

Homeowners have been busy sprucing up their properties during the pandemic. Even as the year winds down, their desires aren’t fading. More than 70% of U.S. homeowners recently surveyed say they are planning or considering a home renovation project before the end of the year, according to a survey from Dewalt, a tool manufacturer and Stanley Black & Decker brand. They’re focused on bathrooms, kitchens, bedrooms, porches, patios, decks, and landscaping projects in that order, the survey shows.

But finding a contractor to help do the job has become a pressing challenge. Also, material shortages abound. Both issues are delaying many projects and making them more expensive.

Eighty-four percent of consumers surveyed say they plan to use a professional contractor for their project. But more than half of survey respondents—56%—who’ve reached out to a contractor say they were told they’d have to wait at least three months for work to start.

The contractors most in demand are electricians, flooring installers, plumbers, window contractors, and structural work contractors, the Dewalt survey finds.

Why Renovations Are Growing

Home renovations are being motivated for multiple reasons, from making homeowners happier with their current home to adding extra space to even make a home more sellable.

“In the short term, many homeowners who deferred projects—both large and small—in 2020 are expected to complete those renovations once the pandemic is over,” Kermit Baker, director of the remodeling futures program at the Joint Center for Housing Studies, said in a report this spring, Improving America Housing 2021. “Additionally, there has been an upturn in homeownership as younger households look to purchase homes, the number of multigenerational households has been growing, and remote work has given people more locational flexibility and the desire to modify their homes.”

Many recent renovations also are being driven by natural disasters, too, such as hurricanes and tornadoes. The U.S. had 22 disasters that caused a record high of $1 billion or more in damages last year.

©National Association of REALTORS®
Reprinted with permission

Kitchen Trends to Watch

Renovating a kitchen has become popular with many homeowners looking to spice up the look of their space. As they take on projects, they’re showing more interest in splurging on finishes and materials to get the high-end look they want, according to a new study from Houzz.

Countertops are one area where homeowners are willing to pay more. “It is clear that homeowners are willing to spend a little more to get exactly what they want in countertops that are both beautiful and practical, despite rising prices of labor, products, and materials,” says Marine Sargsyan, Houzz’s senior economist.

Houzz’s 2022 Kitchen Trends Study(link is external), a survey of about 2,400 homeowners who are in the midst of planning a kitchen renovation or who have recently completed one, offered insights into some of the following trends:

Quartz countertops dominate: One-third of renovating homeowners say they splurged on the countertops. They’re favoring style, durability, and ease of cleaning over the costs. Engineered quartz and granite are the most popular at 42% and 24%, respectively. Homeowners most often are choosing white for their countertops.

Supersized kitchen islands: Homeowners are expanding their kitchen islands. Many renovating owners say they’ve stretched the length of their islands to more than 7 feet. Homeowners also are turning the spotlight on these larger islands, with many renovators saying they’ve installed new light fixtures above their kitchen islands.

Vinyl flooring is a growing choice: Vinyl or resilient flooring continues to grow in popularity, nearly doubling in popularity since 2019 to 23%, according to the Houzz survey. Vinyl flooring now has overtaken ceramic and porcelain tile, now at 19%, a decline of five percentage points over the past year. Hardwood flooring, however, leads flooring materials in kitchens at 25%.

White and gray are the top color choices: White continues to lead as the top choice for kitchen cabinets, backsplashes, and walls. Gray is the most common alternative to white, with 27% of renovating homeowners painting the kitchen walls gray, 13% installing gray flooring, and 11% opting for a gray backsplash, according to Houzz’s survey. Other colors are also increasing in popularity, including blue, black, and green, bringing contrasts in areas such as kitchen island cabinets.

High-tech appliances: This is another area where homeowners said they were willing to splurge to get what they want. Rising in popularity are kitchen appliances that have features like wireless and smartphone controls. Also, nearly one in five homeowners are incorporating beverage refrigerators in their renovated kitchens and adding wine refrigerators.

©National Association of REALTORS®
Reprinted with permission

Popular Home Decor Styles by Room

As the homebuying and remodeling spree continues amid the pandemic, homeowners are showing they really care about what their home looks like. Google searches for “interior design styles” have increased 40% in the past week alone, according to a study from Uswitch, a mortgage comparison firm.

Researchers analyzed more than 4 million pins across Pinterest to find which decor styles are the most desired across each room of a home and to determine the most popular interior design trends overall on Pinterest.

The most popular pinned style is vintage, the study found. “It appears it’s ‘in with the old and out with the new’ as vintage comes in at number one,” researchers note.

A graphic of most popular room styles by pins

Broken down by room, other style favorites also emerged. For example, in the bathroom, contemporary designs that center on clean lines and neutral colors, along with dashes of black, have gained popularity. In the home office, the industrial look was a favorite, characterized by large open spaces, lots of textures, and bare brick walls.

In the family room, homeowners favored a rustic style that shows naturally aged, casual design and usually includes a color palette of greens, browns, and autumn colors.

In the kitchen, Pinterest users favored vintage looks, which offered a warm, nostalgic feel. Homeowners are choosing paint colors, furniture, and even some appliances to create a vintage feel in the kitchen.

©National Association of REALTORS®
Reprinted with permission