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Grand Rapids REal Estate Update - The Tax Cuts and Jobs Act for Homeowners

2/20/2018

 

While most tax costs that affect homeowners are determined by the taxing authorities in each state, The Tax Cuts and Jobs Act will affect property ownership for everyone.

Unless Congress does some tinkering with the Act after it was signed into law in December 2017, corporations will receive a massive tax cut as individuals and married couples receive higher standard income tax deductions. Taxable rates are cut in all levels of income for individuals, and the standard tax deduction will double to $12,000. Joint filers will receive a deduction of $24,000.

Homeowners are used to deducting state and local income, property and sales taxes from their federal income tax, but those deductions will be capped at $10,000 annually for homes purchased after December 15, 2017. And the mortgage interest deduction will only be available to those with new mortgages under $750,000, according to Curbed.com, and for existing loans up to $1 million. The same deduction remains in place for second homes, says the The Wall Street Journal.

This could affect homeowners in high-cost areas such as California and New York but proponents of the Tax Act say doubled individual deductions should offset some, most or all of the difference.

Experts are unsure at this point whether or not the changes will affect the housing market, but it could have a terrific impact in some areas, if homeowners decide to wait and see what happens, lowering available inventory and causing prices to rise in mid-cost, high-demand areas like Dallas, Las Vegas and others. As always, please ask your tax professional for the best advice.

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

Charge of Millennials makes Grand Rapids MLS the Hottest in the Country

2/17/2018

Home buying spree of the Millennials is the main reason behind Grand Rapids MLS being the hottest across the country. If this trend continues for some more time, Grand Rapids housing market will be at the top of the 100 hottest markets in the country. Job scene in Grand Rapids remains hot and the city ranks 11 in terms of employment growth across the country. This is what is driving Millennials to this city of Michigan. It is not a surprise then that a high percentage of homes in Grand Rapids are owned by these Millennials.

 

Ready to pump in money for upgrades

More and more realtors in Grand Rapids today say they are swamped by requests from Millennials to find a great home for them. These individuals under the age of 35 are not averse to the idea of buying fixer uppers unlike traditional home buyers who are more interested in ready to move in properties. Millennials are buying homes as a part of their investment strategy. They are ready to buy homes in bad shape as they are ready with savings to fix the issues in these homes. This is why these buyers are interested in cheaper homes in the range of $120000-$200000.

 

Seller’s market facing strong demand and low supply

One look at Grand Rapids MLS will tell you that it is a seller’s market. Homeowners putting their properties on the market do not have to wait for a long time. In fact, over list has become the new norm in Grand Rapids with owners getting over and above their list price these days. Increasing prices amid low inventory are worrying new home buyers with only 25% of them being optimistic about their chances in 2018.

  

Millennials switching from renting to owning

In such a scenario, it is the enthusiasm of the Millennials that is keeping Grand Rapids MLS healthy and strong. These young men and women under the age of 35 are going from renting to owning their homes. These individuals are savvy buyers as they treat home buying as an investment exercise without being too attached emotionally with the structure. There are realtors who believe that Millennials are helping in keeping the Grand Rapids real estate market hot and strong.

 

With many homeowners facing issues with their credit reports, it is these Millennials with high credit scores who are leading the list of mortgage applicants in Grand Rapids.

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

Grand Rapids Listings: Seller’s Market with Low Inventory

2/11/2018

It is a seller’s market in most of Michigan with Grand Rapids being no exception. There are stories galore of sellers receiving multiple offers from buyers after just one day of listing on the MLS. There is a feverish competition among buyers as they jump on to any new listing that enters the market. There are 46 communities in southeast Michigan where it takes less than 35 days for a house to be sold after it comes to the market. Grand Rapids listings top this list with a house standing on the market for just 23.9 days on an average.

Grand Rapids is one market in Michigan where not only list prices but also sale prices are going up with each passing year. If things continue in this fashion for some more time, sale price is going to top list price, making over list a norm across all Grand Rapids neighborhoods. Surprisingly, this is happening with Grand Rapids listings when inventory has been going down at a fast rate. Listings have been dropping at a furious rate in and around Grand Rapids for the last 2-3 years. 

The fact that sellers are getting multiple offers shows that buyers are there and very much interested in houses that come on the market. However, supply does not match the demand in Grand Rapids. Majority of homeowners in Grand Rapids feel that it is a great time to sell. But till the time they actually decide to sell their homes, sales figures in Grand Rapids are likely to remain flat. Another impact of low inventory on Grand Rapids housing market is jump in the prices of properties.

Experts believe the main reason why owners are not putting their houses on sale is because they are afraid they may not be able to find a new home in their budget. They do not want to list their properties on the market before finding a suitable home for themselves. Other experts think this hesitation to list homes may be because of concerns about financing. As sale proceeds from the sale of old properties may not cover the cost of a new homes, most owners are staying put in their old homes. The after affects of the Great Depression of 2008-9 are still visible on the credit reports of most of the homeowners. With low credit scores, homeowners are hesitant to put their homes on the market.

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

Grand Rapids Homes for Sale: Your Abode in a Great City

1/30/2018


If you are looking for the best place to live in the country, simply head to Grand Rapids. Here you will not only get a chance to buy a beautiful home at affordable price but also enjoy the best beers and burgers. Grand Rapids is also a great place for those fond of cycling. But these are only a few of the dozens of other attractions that this beautiful city holds for you. Start looking for Grand Rapids homes for sale if you want to realize your dreams.

 

What more do you want from a place when searching of a city to live and raise your family? Described as the best city to live in across the country by Forbes, Grand Rapids has everything you need to live, earn, and enjoy along with your family. Grand Rapids is a great place to invest and also to start your career. It has not one but two rivers flowing through it. Bike, eat delicious food, and enjoy top quality beer if you are looking for fun and recreation. Experience top notch quality of life in this 2nd largest city of Michigan.

 

Excellent dining and wining facilities

Grand Rapids is considered one of the best cities across the nation for those fond of dining and wining. The city has some of the best restaurants in the country serving delicious food and beverages. From GQ to Tasting Tables and from Travelocity and Thrillist, everyone is unanimous, Grand Rapids as a great place for the foodies and beer lovers.

 

Great outdoor fun

One of the most likeable features about Grand Rapids is the ability of the residents to indulge in outdoor activities. You will never have a dull moment in life once you move in to Grand Rapids. There are dozens of exciting outdoor activities that you can indulge in when you are in this great Midwest City of the country. You can enjoy hiking, biking, fishing, golfing, boating, kayaking, and skiing in Grand Rapids.

 

Exciting arts and culture scene

If the weather conditions are not good, you can still have a gala time in Grand Rapids if you are a lover of arts and culture. Grand Rapids has a civic sculpture facility and one of the most visited art museums of the world.

 

So what are you waiting for? Start looking at Grand Rapids homes for sale to find your dream home today.

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

Finding Grand Rapids Homes for Sale

1/16/2018

Once you have decided that enough is enough and you will not pay rent to your landlord month after month, it is time to take a look at Grand Rapids homes for sale. Yes, the inventory of homes on the market is low and prices are rising with each passing year. But you have to continue your search to fulfill your dream of owning a home. There are dozens of neighborhoods in the Grand Rapids real estate market.  Each with its own personality and features. You have to know your priorities and the requirements of the family before starting your house hunt.

Take help from an experienced Grand Rapids Realtor

Buying a Grand Rapids home for sale through the traditional route may be a little long but it is also tried and time tested. You would be surprised to know that Grand Rapids housing market is so strong and hot that buying a home gets completed in just about 35-40 days. However, you need help and guidance of a good quality local Realtor who knows the area like the back of his hand. He can save a lot of your time and effort by finding Grand Rapids homes for sale that perfectly match your budget and requirements. He will also iron out any wrinkles that may arise during the process.

Explore the neighborhoods

One way of knowing whether a particular locality suits your requirements of living and enjoying with your family or loved ones is to explore them on your own. Walk through or drive your car and try to know the living conditions by meeting with the residents. Enquire about the situation of safety. Check out the quality of schools in the area. Find out if all modern amenities are available in close proximity to your home or not. This way you will be able to shortlist Grand Rapids homes for sale that match your requirements.

Carry out a search on the net

In this age of internet, more than 90% of homebuyers start their house hunt by looking up over internet. Make the most of realty sites like www.GRHomes.net to take a look at different Grand Rapids homes for sale. One advantage of conducting a search in this manner is that you can view different options available to you. 

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

Grand Rapids Real Estate Update - Painting Your Brick Exterior

1/10/2018

The Brick Industry Association touts brick for its strength, energy efficiency and low maintenance, but sometimes brick can just be dated or downright ugly. A fresh new color on your home’s exterior brick can go a long way toward updating your home.

Whether you choose to do the work yourself or hire a professional, the same steps, particularly careful preparation, should be followed.

Clean the bricks: Use a wire brush, soap and water to clean the bricks, or use a power washer. For hard to remove stains, you can mix water with trisodium phosphate (TSP). TSP is phosphate-free and formulated for hard surfaces. Use approximately one-half cup to a gallon of water. For mold, mix one part bleach to three parts water and scrub with a wire brush.

Repair cracks and missing mortar: If you’re painting the brick for the first time, buy a premixed mortar patch, then caulk and seal any cracks in the brick. If your brick is already painted use the wire brush to loosen any paint that may be peeling.

Use masonry primer: Like TSP, latex masonry primer is made for brick. It ensures that the paint color will go on smoothly and evenly. Allow the primer to dry before you begin to paint. If the paint was originally painted with oil, you’ll have to use oil-based masonry primer and paint or the fresh paint will quickly peel. Apply two coats of paint for coverage, and wait for the first coat to dry before applying the second.

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

Grand Rapids Homes for Sale: Poised for Impressive Growth in near Future

1/7/2018

Grand Rapids, a prominent city in the state of Michigan and has been ranked the hottest housing market of the country by none other than Trulia, one of the leading real estate websites. In its latest report called American Dream, the Grand Rapids real estate market ranks in the list of Top 10 housing markets poised for growth. It was also ranked number 11 in employment growth across major cities of the nation.  Grand Rapids and the Grand Rapids real estate market is still growing. 

Trulia took into account the low vacancy rates, affordability of homes, and job growth rates when compiling this list of top 100 housing markets across the nation. Trulia also emphasized the importance of a large percentage of the population under 35 owning households as a factor in this list of top 100 housing markets. The Grand Rapids real estate market has overtaken markets like San Antonio, Fort Worth, Nashville, Raleigh, El Paso, Austin, Columbus, and Madison in the last year or so.

This report from Trulia also says that nearly 25% of the respondents said that 2018 will be a better year for buying a home than 2017. A large percentage of these respondents were Millennials. These young men and women below the age of 35 have decided to switch to buying from renting. These individuals are lapping up Grand Rapids homes for sale as soon as they come up on the market. Low inventory of homes and high demand coming from these Millennials has helped in pushing the price of properties in Grand Rapids.

There are some people who say that the way sellers are getting multiple offers and the manner in which over list has become the new norm, the housing bubble in Grand Rapids is soon going to burst. But there are many positive signs in Grand Rapids housing market. One of these is the tendency of the homeowners to keep the equity built up in the homes rather than draining it.

Of course it is tough on the part of buyers in Grand Rapids these days. Grand Rapids homes for sale are declining in numbers with each passing year as homeowners are unwilling to put their properties on the market. This is when instances of homeowners getting offers over and above their listing price are on the increase. But if you have a strategy in lace and you are willing to show patience, it is possible to buy the right home at the right price in Grand Rapids.

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

Grand Rapids Real Estate Update - Millennial Generation

1/2/2018

Born between 1980 and 1995, the Grand Rapids home buyer millennial generation is now prime home buying age. With unemployment just over four percent and lenders touting low-cost loan programs for first-time buyers, more millennials are in the Grand Rapids Real Estate market. So who are they and what do they want in a home?

As the most educated generation in history, millennials trust their own home buying judgment. They know how to conduct research and make the best choices accordingly, and tend to be savvy consumers. Even the 66 percent who are first-time home buyers tend to know more about the housing market than previous generations.

According to the National Association of REALTORS,® forty-nine percent of home buyers 36 years and younger have children under the age of 18, 66 percent are married couples, 17 percent are single women, and 13 percent are unmarried couples.

As they grow with their families, they seek homes built with quality materials and sustainability in mind. Eight-foot ceilings are back in vogue for this group, as they seek to downsize their ecological footprint.

Social media, technology and demographic shifts are pushing trends faster than any other time in history, says the National Association of Home Builders (NAHB). Grand Rapids millennials want clean, contemporary lines and many are willing to sacrifice space for style. Lack of ornamentation is significant and intentional, says the NAHB, so sellers marketing to millennials should clear away clutter and excess furniture.

Millennial home buyers in the Grand Rapids real estate market tend to choose older homes for the lower prices, but they want them to be as close to new in appearance as possible.

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

Recent Trends in Grand Rapids Home Values

12/31/2017

Grand Rapids is the fastest growing city in the state of Michigan. It has a strong and diverse economy with a hot job scene which attracts thousands of people from all parts of the country to it every year. Strong economy, high employment growth rate, and affordable homes make Grand Rapids real estate market in a very healthy condition. Of late, Grand Rapids home values have been increasing consistently leaving the national average behind.

 

Property prices in Grand Rapids did take a beating like all other communities across the nation during the great recession of 2008-9. However, Grand Rapids home values have been increasing since then and they have attained pre-recession peak values in most of the neighborhoods of the city. Considering that median home values in Grand Rapids still hover around $130,000, buying a home in Grand Rapids can be a very good investment on your part. This is because median home values in Grand Rapids are way below the national average of $208,000.  Even if you were to look at these median values from local perspective, they have come to this level from a low of $84,000 in 2009. This means prices have appreciated by more than 50% in the last 8 years.

 

Prices of properties per sq ft in Grand Rapids vary considerably depending upon the neighborhood and the number of bedrooms in the house. On the whole, average price per sq ft in Grand Rapids is $136. However, this average increases to $148 when the property has 2 bedrooms and to $149 when the property has 4 bedrooms.

 

As far as variety of accommodation units is concerned, you will kind Grand Rapids to be most diverse in the whole of Michigan.  You have Eastown if you are interested in a  traditional resale home while you have to visit Midtown if you are desirous of older homes made in the 50’s and 60’s. Belknap is the neighborhood where you will find most of the condos in Grand Rapids. There are dozens of neighborhood with their own distinct personality and lifestyle. It boils down to your personal taste and requirements when you are looking for Grand Rapids homes for sale.

 

Prices of properties are going up in entire Grand Rapids. No matter in which part of the city you buy your new home, you can rest assured that its prices will increase at a brisk pace. Even though it is a seller’s market, you can still find a home of your choice inside your budget in Grand Rapids.

 


Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

What Home Buyers Are Looking for in Grand Rapids Real Estate?

12/24/2017

As holiday season starts and winter sets in, there is slowing down of activities in Grand Rapids real estate market. But new home buyers keep on searching for their dream home relentlessly. This is because low inventory in the market and very few new homes being constructed in the region. The situation has been aggravated by more and more individuals from other parts of Michigan desirous of buying a home in Grand Rapids. These factors have pushed property prices higher in and around Grand Rapids.

 

Most of the home buyers in Grand Rapids are those who have a desire to stay put for a long period of time. This is because of the promise of a cool and relaxed lifestyle and a safe atmosphere. However, these buyers are concerned about certain features that they want in their dream homes based upon their lifestyle and the profession they follow. So what are these features that are attracting so many buyers to Grand Rapids homes for sale? Let us find out.

 

Small commute times

One of the most important things on the minds of potential home buyers in Grand Rapids is the commute time to their workplace. According to a survey carried out by NAR recently, nearly 73% of home buyers look at commuting cost before deciding to buy a home. They not only want shopping and dining facilities close to the home but also want their home to be close to their workplace. Living in a home close to workplace not only reduces commute time but also reduces travel expense considerably. This desire of home buyers to live close to their workplace is driving home prices in Grand Rapids upwards, especially in neighborhoods situated close to offices and factories.

 

Walkability of the locality

Another feature that is attracting home buyers in Grand Rapids is the walk score of the locality. People look for walking places to live in. Walkability offers surprising health benefits as residents can walk to receive an amenity rather than taking their cars out of the garage. Walkability does not mean having large areas to walk or jog but rather neighborhoods with all amenities at a walking distance. Realtors say that Grand Rapids listings on the MLS receive more clicks based upon their address and walkability of the area.

 

Eco friendly features

Times are changing and so has the preferences of the home buyers. They are more interested in homes that are energy efficient and eco friendly than to traditional homes that consume lot of energy for heating and cooling. This is where homes that have received recent upgrades or home improvements are better placed in comparison to old homes. If you have done something to keep energy bills down, you can sell your home in Grand Rapids quickly and that too at a high price.

 

Knowing what home buyers want in their new homes gives sellers a big advantage. It is a prudent idea to hire the services of an experienced Grand Rapids realtor to know what you need to do to attract more buyers.

Jason Lash
Team Lead and Associate Broker
Berkshire Hathaway HomeServices Michigan Real Estate
616-447-7045
http://www.GRHomes.Net

Tags:

Ada Homes for Sale
 Byron Center Homes for Sale Caledonia Homes for Sale Cedar Springs Homes for Sale Comstock Park Homes for Sale  East Grand Homes for Sale Forest Hills Homes for Sale Grandville Homes for Sale Grand Haven Homes for Sale  Grand Rapids Condos for Sale Grand Rapids Homes for Sale Greenville Homes for Sale Holland Homes for Sale Hudsonville Homes for Sale Jenison Homes for Sale Kent City Homes for Sale Kalamazoo Homes for Sale Kentwood Homes for Sale Lakefront Homes for Sale  Lake Michigan Homes for Sale Lowell Homes for Sale Newaygo Homes for Sale Muskegon Condos for Sale Norton Shores Homes for Sale Paw Paw Homes for Sale  Portage Homes for Sale Rockford Homes for Sale Sparta Homes for Sale Vicksburg Homes for Sale

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