Thursday, January 18, 2018

Thursday's Listing Updates

Thursday's Listing Updates


Brian OShea

Team OShea - The Boulevard Co
(843) 882-5252
www.findahomeincharlestonsc.com

Below are some listings you may be interested in seeing. Please don't hesitate to call if you have any questions or would like to set up a showing.

Results for: Listing Alert  - Active properties,  $150,000 to $375,000, 3+ Beds, 0+ Baths
Active
$245,000
3 br 3 ba 1344 sq ft Listing ID: 18001129

Listing courtesy of RE/MAX Alliance

PRICE CHANGE
Active
$315,000
3 br 4 ba 2509 sq ft Listing ID: 17024601

Listing courtesy of Keller Williams Realty Charleston

Active
$359,000
3 br 2 ba 2052 sq ft Listing ID: 17023216

Listing courtesy of Trademark Properties, Inc

Active
$359,900
3 br 3 ba 2026 sq ft Listing ID: 18001089

Listing courtesy of USRealty.com, LLP

Active
$364,750
3 br 3 ba 2270 sq ft Listing ID: 18000878

Listing courtesy of Coldwell Banker Residential Brokerage

There are more properties matching this search View All Properties


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Real Estate News - January 2018

Brought to you by Brian OShea.
Real Estate News December 2017
Why Remodeling Can Bring More Joy to a Home
By Meredith Dunn, National Association of REALTORS®
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The expected tenure of homeowners in a home continues to increase, according to the latest Profile of Home Buyers and Sellers. Last year, the expected tenure was 12 years - this year, it jumped to 15. And, with tightened inventory in many markets, people are staying put in their homes for longer. As a result, remodeling one’s current home is an increasingly popular option for those who want their dream home, but are unable or unwilling to move.

The 2017 Remodeling Impact report shows that remodeling can bring more enjoyment to a home, and that certain projects have high returns both in terms of the joy they bring to the homeowner, as well as the amount of expenses that are recouped when the home is sold.

The projects that yield the most joy and recoup the most expenses might come as a surprise. According to REALTOR® respondents, the number one project is a complete kitchen renovation. The top reason homeowners renovate the kitchen is for better functionality and livability, according to 44 percent of respondents. When the project is completed, 91 percent of respondents have both a greater desire to be in the home and have a greater sense of enjoyment when they are at home. Overall, a kitchen renovation receives a 10 out of 10 Joy Score and REALTORS® estimate that $40,000 of the cost can be recovered at resale—approximately 62 percent of the estimated cost.
Complete Kitchen Renovation
kitchen renovation

The second-most popular project is a kitchen upgrade. Like the complete kitchen renovation, upgrading worn-out surfaces, finishes and materials is high on the list of reasons to undertake the project – in fact, it’s the number one reason, at 42 percent. When the project is completed, 81 percent report experiencing a greater desire to be in the home and feeling a major sense of accomplishment when they think about the project. Slightly less have an increased sense of enjoyment when they are in the home at 76 percent, but the project overall has a Joy Score of 9.6 out of 10. REALTORS® estimate that $20,000 of the cost can be recovered at resale—57 percent of the estimated cost.
Kitchen Upgrade
kitchen upgrade

The third project on the list of most popular projects is a bathroom renovation. Forty percent undertake the project for better functionality and livability, while 38 percent want to upgrade worn-out surfaces, finishes and materials. When the project is completed, 78 percent feel a major sense of accomplishment when they think about the project. The project has a Joy Score of 9.6 out of 10, and REALTORS® estimate that $15,000 of the cost can be recovered at resale—50 percent of the estimated cost.
Millennials Search for Unconventional Down Payment Funds, but at What Cost?
By Liz Dominguez
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Millennials meeting with REALTOR Rising home prices are standing in the way of millennials who want to buy their first home; however, these challenges are being overcome via some unconventional methods. Millennials are getting creative and finding sources for their down payment by any means necessary. But are these methods hurting the millennial generation financially?

Borrowing from family: Sure, gifted money doesn't sound bad. But what if the families don't have the cash to give? Instead, buyers are asking that their parents' home be refinanced, using the home equity as a way to fund their own home purchase.

Of course, this can be beneficial in multiple-offer situations to get a competitive edge with an all-cash offer, but borrowing from a relative can go south fast. Not being able to pay a bank back can have repercussions like lowering a credit score, but missed payments to a relative can damage familial relations. Is it worth the risk?

Crowdfunding: There are new crowdfunding platforms being introduced every year, and more of them are tapping into the real estate industry. This can be a great way to amass gifted money from friends and family, but not everyone may see it that way. Instead of crowdfunding for their honeymoon, newlyweds are asking their wedding guests to donate toward their first home.

This method can get complicated in the lending world. Buyers will need to look into gifting regulations before accepting any gifted money.
QUESTIONS? VISIT findahomeincharlestonsc.com

Showcase Properties


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418 Savannah River Drive
Summerville, SC 29485
Beds: 3 Baths: 2
Price: $210,000
3511 Stockton Drive
Mount Pleasant, SC 29466
Beds: 4 Baths: 4
Price: $499,900
116 Nassau Street #A & B
Charleston, SC 29403
Beds: 2 Baths: 2
Price: $675,000
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Team OShea - The Boulevard Co | 35 Broad Street | Charleston | SC | 29451
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Tuesday, January 16, 2018

Tuesday's Listing Updates

Tuesday's Listing Updates


Brian OShea

Team OShea - The Boulevard Co
(843) 882-5252
www.findahomeincharlestonsc.com

Below are some listings you may be interested in seeing. Please don't hesitate to call if you have any questions or would like to set up a showing.

Results for: Isle of Palms  - Active properties,  $400,000 to $2,250,000, 2+ Beds, Any Baths
PRICE CHANGE
Active
$505,000
2 br 2 ba 1064 sq ft Listing ID: 17028685

Listing courtesy of Carolina One Real Estate

Active
$695,000
3 br 3 ba 1738 sq ft Listing ID: 18000437

Listing courtesy of Speelman Properties

Active
$699,000
3 br 3 ba 1644 sq ft Listing ID: 18000466

Listing courtesy of Dunes Properties of Chas Inc

PRICE CHANGE
Active
$774,800
4 br 3 ba 2056 sq ft Listing ID: 17019608

Listing courtesy of King and Society Real Estate

Active
$825,000
6 br 3 ba 2773 sq ft Listing ID: 18000599

Listing courtesy of Carolina One Real Estate

PRICE CHANGE
Active
$900,000
3 br 4 ba 3086 sq ft Listing ID: 17002475

Listing courtesy of Keller Williams Realty Charleston

Active
$1,099,000
3 br 2 ba 2832 sq ft Listing ID: 18000670

Listing courtesy of Ron Davis Realtors LLC

Active
$1,375,000
4 br 3 ba 3038 sq ft Listing ID: 18000893

Listing courtesy of Dunes Properties of Chas Inc

Active
$1,475,000
4 br 4 ba 3493 sq ft Listing ID: 18000550

Listing courtesy of BH&G RE The Beach Company

PRICE CHANGE
Active
$1,595,000
5 br 4 ba 2935 sq ft Listing ID: 17005051

Listing courtesy of Daniel Ravenel Sotheby's International Realty

Active
$2,100,000
4 br 5 ba 4356 sq ft Listing ID: 18000478

Listing courtesy of Carolina One Real Estate

PRICE CHANGE
Active
$2,197,500
5 br 7 ba 4401 sq ft Listing ID: 17016389

Listing courtesy of Dunes Properties of Chas Inc

There are more properties matching this search View All Properties


This message was sent on behalf of Brian OShea at Team OShea - The Boulevard Co. Some of the information in this email is copyrighted by the local Multiple Listing Service.

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