Warm Neutral Paint Recommendations

Whether you are a seller looking to neutralize your walls prior to listing, or a homeowner wondering which paint will compliment your furniture, here are 12 no-fail colors that will work with any space and lighting.

Advertisements

Median Cost of Rent for a 1-Bedroom in DC

We wanted to share DCist’s article about the high cost of rent in the DC area.  Wouldn’t you rather have that hard-earned money go towards owning a home?  We can help with that!

DCist:

“In the spectrum of cliche D.C.-centric articles, one about how expensive the rent is in a given neighborhood is perhaps the most cliche. And yet, here we are. So without further adieu, here’s a map that looks at the median rent for a one bedroom apartment in each neighborhood* of D.C.

This map comes via Zumper.com, a home and apartment rental search site. According to their research, the city-wide median rent for a one bedroom apartment is $2,000, making it the fourth-most expensive market in the nation in the month of February [Insert “Rent is Too Damn High! joke here]

But Zumper’s research also confirms what another report revealed last month: the rent is actually declining. In the last month, one-bedrooms declined by 0.5 percent in February and by 2.4 percent in the quarter. And it’s not just with one-bedroom apartments. All kinds of rentals in D.C. are declining, by 0.6 percent last month and by 2.7 percent in the last quarter.

*Note: this map, omits neighborhoods East of the Anacostia river. Devin O’Brien, the blog post’s author, tells DCist the omission was “nothing deliberate,” but was the first time one of Zumper’s designers put together a D.C. map, “so they drew the boundary at the river.” O’Brien adds that the data for rental prices East of the Anacostia River can be found on the site here. “

2011 Cost VS Value Report

Realtors and most HGTV watchers know that updated kitchens and baths sell homes.  But what about other projects?  If you have some money to reinvest back into your home, and are considering which projects will give you the most bang for your buck, take a look at Remodeling magazine’s annual Cost VS Value report.  They compare the average cost for 35 of the most popular remodeling projects with the value that those projects retain at the time of resale.

In the DC Metropolitan area, some of the top performers are: replacing your front door with a steel door (for midrange homes), replacing windows with new, energy efficient vinyl windows; and replacing garage doors.

The magazine seems to indicate that you may not recoup every penny you put into your project, but as a Realtor and former property flipper, I will tell you that you CAN earn back your investment — even profit–from certain repairs.  The trick is to know which items to improve, and to what extent.  Not sure what those are?  Invite a Realtor into your home to get their advice.  Or ask me in the comments section and I’ll give you my opinion.

Extra Tax Credit Benefits For Military Buyers

Military personnel and federal employees, such as members of the foreign service and employees of the intelligence community, are able to enjoy additional benefits when it comes to the homebuyer tax credit.

Typically, in order to claim the tax credit, eligible buyers must enter into a contract to purchase a principal residence by April 30, 2010, and close the transaction no later than June 30, 2010. However, according to the IRS, servicemen and women get an extra 12 months, allowing them until April 30, 2011, to sign a binding contract and until June 30, 2011, to close the purchase.

The extension is available to individuals or their spouses who serve on qualified official extended-duty service outside the country for at least 90 days between Jan. 1, 2009, and April 30, 2010. In order to qualify, only one spouse needs to be overseas during that time frame.

In addition to the extension, eligible members of the armed services, intelligence community or foreign service do not have to repay the credit if their home is sold or ceases to be a primary residence within the first three years as a result of orders sending them to a new duty station at least 50 miles away.

For more information, check out this link (it goes to the IRS’ website).

Tax Credit Informational Seminar

Time is running out to meet the tax credit deadline to be under contract by April 30, 2010. To help you make the most of this unprecedented opportunity, Weichert will have two companywide homebuyers seminars focusing on the tax credit over the next several weeks.

The first will take place on Saturday, March 20, at 11 a.m. in every Weichert office. There will also be a seminar in April to accommodate last-minute homebuyers who are still wanting to get under contract by April 30 so they can claim the tax credit.

Both seminars will include a brief presentation that provides specifics about the tax credit, followed by a question-and-answer session. Presenters will also review the current market and illustrate the benefits of buying now.

The best thing is, it’s FREE!

Contact me at dpace@weichert.com to reserve your spot!