The International Builders Show in Las Vegas is always a great place to visit as a tradesman, designer, builder, homeowner or contractor. There are many ideas and trends that are shown that basically set the pace for the coming year's NEW and HOT IDEAS.
According to industry leaders if you want to sell that property this year follow these tips:
1) Go contemporary - Today's minimalist design you may mix straighter furniture elements and use two different colors repeated throughout (i.e. green and white). But remember to add those fun and bold accessories (could be a crazy mod orange chair or a traditional gilded mirror).
2) Don't think of lighting as utility - think of it as art - look at creative and funky shapes and designs. Remember they can be decorative as well as functional.
3) Green is in - efficient appliances, LED lighting etc., conservation is the way.
4) His and Her "everything" is in - from closets to vanity think in pairs!!!
5) Windows are huge - Buyers are looking for that floor to ceiling window that let's lots of natural light in.
6) Wood details are back in style - use them in light and dark tones on ceilings, moldings, floor inserts and more.
7) Mirrors are hot!!! They can be a focal point, make a room look larger and add glamour.
8) Electronics everywhere - think IPOD docking station in the kitchen, plasma in the bathroom etc.
9) Bring Nature in - use trees and tree design as decorative art. Try to seemlessly flow the outside in and the inside out.
10) Outdoor living serves as an extension of your house - remember pay attention to the outdoor entertaining areas think - pool plants, fire pits, great seating areas, hammocks etc.
Hope these tips help you whether you are just decorating or intending to sell. If you want more contact us here.
Showing posts with label golan teamLuxury Real Estate. Show all posts
Showing posts with label golan teamLuxury Real Estate. Show all posts
Friday, January 30, 2009
Monday, January 26, 2009
Aventura, Miami Beach & Sunny Isles
Forget about shopping for a condo, now you need to shop for a building!!!
Sitting down with a cup of tea in hand I opened the Miami Herald Saturday morning, to see a blaring headline…”New rules raise bar for condo mortgage”
I got to thinking about the gist of this article and how was it going to impact our already suffering values of property. The new Fannie Mae guidelines in essence say that in order to qualify for new financing:
1) At least 70% of the units in a new condo building must be presold
2) No more than 10% of units can be owned by a single entity
3) No more than 15% of units can be more than 30 days past due on association fees.
4) No more than 20% of a condo can be devoted to commercial space
5) All condos new and old, must have fidelity insurance, which protects the association funds from fraud.
6) The seller is not allowed to help with down payments or offer other perks like deductions of association unless they are disclosed.
7) Condos must have hazard insurance
8) When investors buy in established projects, at least 51% of units must be owner occupied.
The article continued to debate whether this is good or bad. (Most contributors and Realtors quoted were saying it was disatrous) . Are we being a little too strong a little too late? After all it was not the condo buildings that got the market into this mess. It was the practice of easy lending that allowed buyers to purchase properties way beyond their means.
Now when a buyer is interested in purchasing a condo they first have to sort out which buildings are even viable options. It is very important that a Buyer work with a Realtor who is current with their market knowledge and knows the financial conditions of neighborhood buildings.
For those of you cash buyers, this news is like winning the lottery as your buying power has just exponentially gone up and you will have great power when it comes to negotiation.
Written By
Debra Golan
The Golan Team
EWM Realtors
786-333-6200
Forget about shopping for a condo, now you need to shop for a building!!!
Sitting down with a cup of tea in hand I opened the Miami Herald Saturday morning, to see a blaring headline…”New rules raise bar for condo mortgage”
I got to thinking about the gist of this article and how was it going to impact our already suffering values of property. The new Fannie Mae guidelines in essence say that in order to qualify for new financing:
1) At least 70% of the units in a new condo building must be presold
2) No more than 10% of units can be owned by a single entity
3) No more than 15% of units can be more than 30 days past due on association fees.
4) No more than 20% of a condo can be devoted to commercial space
5) All condos new and old, must have fidelity insurance, which protects the association funds from fraud.
6) The seller is not allowed to help with down payments or offer other perks like deductions of association unless they are disclosed.
7) Condos must have hazard insurance
8) When investors buy in established projects, at least 51% of units must be owner occupied.
The article continued to debate whether this is good or bad. (Most contributors and Realtors quoted were saying it was disatrous) . Are we being a little too strong a little too late? After all it was not the condo buildings that got the market into this mess. It was the practice of easy lending that allowed buyers to purchase properties way beyond their means.
Now when a buyer is interested in purchasing a condo they first have to sort out which buildings are even viable options. It is very important that a Buyer work with a Realtor who is current with their market knowledge and knows the financial conditions of neighborhood buildings.
For those of you cash buyers, this news is like winning the lottery as your buying power has just exponentially gone up and you will have great power when it comes to negotiation.
Written By
Debra Golan
The Golan Team
EWM Realtors
786-333-6200
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