Americans are not taking note of the increase in mortgage rates and continue to buy homes at the fastest rate since 2007. The Baton Rouge market is no exception. Buyers are in the market and homes are going under contract quicker than normal. There has been a recent trend of homes staying less days on the market due to increase demand. This local trend is just a part of national upswing in major real estate markets.
According to the National Association of Relators homes sales have risen 3.3% in January to an adjusted yearly rate of about 5.7 million. Consumer confidence and job growth with increase of wages are the catalyst for home buying regardless of the rising borrowing costs. Any time there is a jump in interest rates buyers on the fence are motivated to go ahead with their home purchase.
Nationwide buyers are already buying homes at a faster rate at the start of 2017. This is already shorting the sales cycle compared to last year. Days on market for homes in the past month was just 50 days compared to 64 days a year ago. Demand is also causing the median home prices nationwide to surge 7.1 percent form a year ago to around $228,900.
HIGH AND DRY! PERFECT LOCATION! WALK TO PERKINS ROWE AND ENJOY SHOPPING, THEATRE, AND FIND RESTAURANTS! ALSO, EASY ACCESS TO THE INTERSTATE AND LSU! This dead-end street offers privacy and the One entry subdivision is an added amenity. The Large Living Room is ideal for entertaining with the beautiful wood floors, fireplace, built-ins and a wall of window overlooking the backyard. The Formal Dining Room if great for those special occasions. You’ll find exquisite crown molding thru-out the home.
Enjoy the huge island in the kitchen with extra seating, the corner sink, the brick pavers, tons of cabinets and counter space, NEW Oven, gas stove and the refrigerator remains for your convenience. The Breakfast Room can be casual or formal. This area flows into the Keeping Room with a built-in desk. The Master Suite could accommodate a small seating area, double closets, and the Bath has double vanities, large jetted tub and separate shower. The other Bedrooms are spacious with several having walk-in closets. Lots of closets/storage space in this home. The Roof was replaced in 2008. The Boatport can be a wonderful workshop. This is a terrific location and home just for you!
Contact Glenda Daughety and Team today to learn more about real estate in Baton Rouge LA. We welcome the opportunity to schedule a showing of 2427 OAKCLIFF DR or any other property currently listed for sale. Let our knowledge and experience serve as your guide to the market, helping you locate the perfect Baton Rouge home for sale for you and your family.
As predicted the the home values for the Baton Rouge market are on the upswing for 2017. Many flooded homes in the hardest hit areas are finally getting repaired. There have been a couple reasons for the delays.
One reason is that home owners who did not have flood insurance had to wait for federal funds to begin their work. Although many started by gutting their homes it came to an abrupt end when supplies were needed. Now that funds have been received many home owners have completed the reconstruction work.
Their have also been many home owners who decided to fix up their homes by themselves and not hire a contractor. Of course this saves money but not time and as a result these homes were delayed coming to market.
At last most homes held up in the reconstruction process are finally coming to the market. Many of these once flooded homes are selling without any stigma of the flood. In some areas once flooded homes are commanding higher than average prices and are on the market fewer days. According to a recent article in the Business Report Bill Cobb, who analyzed the sales of 54 homes that flooded in August, says that as of Monday 70% of those homes sold for $8.60 per square foot more than their median pre-flood sales prices.
Of course not all flooded and renovated homes will command higher prices than that of the pre flood market. This is determined by several factors such as quality of renovation and neighborhood. It is, however, an indicator of a strong real estate market for 2017 in the Baton Rouge area.
No matter where you live in the Baton Rouge area staying safe at home is a priority for all of us. With crime in the metro area a big concern for all of us its always good to review you home security. You can go out and spend thousands of dollars on security measures or DIY it at all, but the goal is the same: to protect your home, your things, and the people you love.
“Think of home security as though you’re putting on layers of clothing to protect your body from harsh weather,” Jordan Frankel, executive vice president of Global Security Experts said on Tech Hive. “Protecting your home from burglary is all about the layers. Because burglars determine their targets through risk vs. reward scenarios, the more security measures you put in place to increase the risk and lessen the reward for would-be intruders, the less likely your home will be viewed as an easy target.”
Here are a few simple tips that you can do right now to keep your home safe.
1. Secure the front door
It seems like a no-brainer to lock your front door and make sure it’s secure, but, “Roughly 33 percent of burglars enter through the front door,” said Safewise. Inspect it to make sure the frame is “strong, the hinges are protected, the wood is not hollow, and, if your door has a mail slot, that someone can’t reach through it to unlock the door. If your door doesn’t have a peephole or a deadbolt, you should install those immediately to help make the door even more secure.”
2. Check the windows, too
This is another easy-access spot. Safewise notes that, “As many as 23 percent of home burglaries occur through first-story windows.” Check the latches, which can degrade over time and fail to protect the windows from opening.
3. Light it up
A home that’s dark will be more inviting to a potential thief than one that is lit up. We love the BeON Home Protection system, which can be used both inside and out.
Uplights can give the home some great curb appeal and make it more safe, and motion-activated floodlights are another great theft deterrent. The added advantage of Mpow Solar-Powered Outdoor Motion Sensing Light is that it’s solar powered, so it won’t add to your electric bill or stop functioning in a power outage.
4. Get to know your neighbors
Establishing friendships in your neighborhood isn’t just great for your social life; it can also help keep you safe. Your neighbors may already know your daily habits (what time you come and go), but alerting them to changes like a new job that means you’ll be leaving earlier and returning later, cleaning crews or landscapers that might have access to the home or yard, and, especially, vacation plans that will leave your home empty for a period of time, is important. That way they can help keep an eye out and be aware of anything that just seems “off.”
5. Get it on camera
Having security cameras outside your front door may not stop a crime from happening (although it could deter someone who noticed the camera), but it can help you catch them on the backend by providing footage to police or circulating in your neighborhood.
Cnet recommends the SkyBell HD Wi-Fi Video Doorbell as one of the their best smart home devices. “With 1080p resolution, SkyBell’s video quality is terrific, and integrations with Alexa, Nest, and IFTTT help it stand out in an increasingly competitive category,” they said. “Free online video storage is a major plus, too.”
6. Get a security system
Homes without security systems are about three times more likely to be broken into. The Simple Dollar has a thorough list of the best security systems for 2017 broken down by categories like DIY installation, cost, and reliability.
It makes sense that burglars would target homes where they can’t be easily seen. If you have tall shrubs or trees up close to the house, they might think its you.
Updates and home renovations are frightening to many homeowners in the Baton Rouge area. But improving your home doesn’t have to be a difficult task. Here are a few simple projects that will boost your home value and make it stand out:
Fresh Coat of Paint
Applying a fresh coat of paint can make a huge difference in the looks of your home. If you have children or rambunctious pets, consider a quick touch-up of nicked or damaged areas. A fresh coat goes a long way.
Quality hardware can cost anywhere from $5 to $25 per piece. But, considering the cost of most home improvements, even more expensive hardware can be a bargain. You can update your hardware with classic designs, or go with a sleek and modern aesthetic. Always keep the old hardware in case you decide to sell your home.
Lighting changes the way a room looks and feels. When you want to improve the lighting in your home, focus on adding accent lighting overhead. Lamps, floor lights and even spots on your art and other collectibles can greatly improve a space. Ambient lighting like sconces can add a decorative and useful touch. Task lighting will also improve the usability of your home.
Get Rid of Clutter
Items cluttering your home will detract from its charm and make it difficult to clean. Move extra items to a storage space in the garage or unload your extra valuables online. Sometimes decluttering can make you a little extra spending money in the process. The main point is that clutter makes a home look smaller and distracts from its real space.
Updating your home doesn’t have to be a costly project. Use these tips to help you improve your home without breaking the bank. You’ll be surprised how much better your home can look and feel for just a few bucks. Visit GlendaDaughety.com and sign up for weekly updates for all Baton Rouge real estate news.