CAT | Resources
The recent economic meltdown over the past few years has led many young home owners to rethink their tastes and preferences. The millennial generation (adults aged 18-35) prefer smaller homes and smarter technological capabilities, says a survey conducted by Better Homes & Gardens of 1000 young adults.
It can be said that the quintessential home, you know, the big house with the white picket fence, is no longer on the radar for my young home owners.
It’s not surprising, as 3 in 10 young adults still live with their parents. Perhaps this is surprising, however most say that they are happy with their living arrangements. “The rise in the boomerang phenomenon illustrates the effect the recession and the weak economy are having on young adults,” says Kim Parker, a senior researcher at Pew and the author of the study.
Then there are those who have stable income and are ready to commit to purchasing a home. But instead of searching for traditional homes like their parents, young millennials are showing signs of the do-it-yourself mentality. And agents better be prepared for it.
“It’s critical that real estate professionals understand what embodies a quintessential home for the millennial generation, which vastly differs from the traditional norms of generations before them,” says Sherry Chris, president and CEO of Better Homes and Gardens Real Estate LLC. ”Understanding technologies to communicate with this generation is now only one piece of the puzzle for agents; smart technological capabilities must now be ingrained into the home itself.”
A friend of mine, for instance, recently stated that the first home he buys should have USB chargers connected into wall outlets.
Like my friend, millennials desire homes that they can entertain and can be more functional.
For instance, this survey reports that millennials prefer extra kitchen space to fit a TV than space for a second oven. Since they are more technology driven, they want each room to have a purpose instead of just for show. 41% of millennials surveyed say they are more likely to brag to a friend about their home having an automation system rather than a newly renovated kitchen. Additionally, many say they would use the dining room area as a space for a home office, instead of an actual dining room.
Makes sense. The past few years has restructured how people do business, how they live their lives, and most importantly, their future plans. It is up to real estate agents as well as home builders to now cater to this new market.
Appliances · Better Homes and Gardens Real Estate LLC · Buying your first home · Communication · Downgrade · Entertainment · Generation · Generation Y · home buyers · Home Decor · home repair · Kitchen · millennial generation · Millennials · Real Estate · Renovation · Sherry Chris · Survey · Technology
As we move into an age of peak oil concerns and resource scarcity it is important to face these challenges with a positive acceptance and react with sound and well thought out decisions. The following piece is not meant to be a comprehensive description of permaculture, rather a primer describing some of the basic principles and design strategies relating to urban and suburban residential sites. It is a complicated and very far reaching discipline and this should only act as a guide for those who want to explore more. I have listed some texts at the end of the article to get you started.
First, lets briefly define permaculture. Permaculture is a design method and a set of skills for creating resilient human habitats and healthy ecosystems. It is modeled on natural patterns and addresses food production, shelter, energy, water, community, culture and health. Applying these principles to the way we organize ourselves in the landscape increases resilience in the face of energy, environmental, and economic uncertainty. It also presents us with one of our best opportunities to create healthy systems that continue indefinitely.
There are many strategies that can be used to achieve a highly functional, high yield, low input, beautiful garden. Here are just a few of the simple ones that can done by just about anyone. (more…)
When entering into a new restoration or construction project, owners are often faced with a bundle of decisions to make. The process begins with a vision, then figuring out budget costs, where to get financing and who to bring on board.
All those who love to create will usually experience two common things: the process is never linear, but the end result is absolutely gratifying. In fact, the finished product is a culmination of a lot of downturn’s, stop’s and go’s. But if you were to ask a project manager what the most difficult part of the said process would be, it’s more than likely that the answer is who to bring on board. (more…)
Business · Community Workforce Agreement · Construction · Ethics · Government · GQ Newsletter · Labor Statistics · Labor Unions · Project Labor Agreements (PLA) · Project Management · Real Estate · real estate investment · Rhode Island · State-mandated · U.S. Department of Labor's Bureau
Last month, Superman building owner, High Rock Development LLC, requested $39 million dollars in state tax credits and other financing to convert Providence’s Superman Building into 278 new apartment spaces.
According to several sources, the proposed budget was immediately shot down by House Speaker Gordon D. Fox, who says he’s in “no position” to provide that level of financial assistance. Although the reinstatement of tax credits is as part of the House’s new economic development package, each project will only have a maximum $5 million cap in state funding.
Supporters of High Rock’s financial report believe that this new venture will generate 230 permanent jobs, $4.6 million in tax revenue, $26 million of money each year into the economy, and more downtown residents.
High Rock continues to push for obtaining state-funded financial backing, regardless of continued skepticism. ‘‘The obligation is on us to prove the merits of our proposal, and we intend to continue down that road,’’ said Bill Fischer, spokesperson for High Rock Development. “These reports confirm that converting the Superman building into rental apartments is in fact the highest and best use of the building.”
Sure, it’s better than marketing the property for more office spaces. But does it have to come from public financing, our state’s money?
Providence Mayor Angel Taveras also expressed hesitation towards this proposal as a wise public investment towards our state’s economy. Local developers as well are concerned about the merits of this high cost investment: “Many developers have done well without taking any subsidies. If it is a good project, it should be able to be done without them, “ says George Potsidis, president of Geo Properties and restoration company, Sega Construction.
Sounds pretty sensible if you think about. Why should we pay for this? Yet, are the consequences of inaction even greater?
Advertising · Bank of America · Bankruptcy · Business · Construction · Downcity · GQ Newsletter · High Rock Development LLC · Historic Tax-Credits · Kennedy Plaza · Marketing · Providence · real estate investment · Rhode Island · Superman building · Taxes
With spring comes the excitement of the end of winter, warmer weather, and the blossoming of spring flowers. Also with spring comes the increased risk of flooding. (more…)
Before I can talk about real estate, I need to discuss estate planning with you first. If you’re like most people, you understand estate planning is a good idea. You’ve heard you should plan to avoid probate. (more…)
By Chris Dallas
By now, you’ve all heard of Zillow.com, and most have probably visited and used the popular website as a tool to research real estate. (more…)
Geo Properties has now added a QR code reader to each listing flyer on our bulletin boards!
Download a free QR code reader to your Smartphone; open it and point your Smartphone camera at the QR code below, and your taken directly to each listing on our company website!
Try it now!
This is a decision faced by many usually beginning in high school. For most individuals this question lingers unanswered throughout their careers. Many feel trapped in what they pursued and cannot make a change once they discover what matters most.
By Tara-Nicholle Nelson , Trulia Staff writer
Everyone thinks that the costs of renting are limited to, well, rent! On the other hand, there is a laundry list of expenses we all know go along with owning a home.
But many people aren’t aware of the hidden, surprising costs associated with both owning AND renting a home, and it’s what you don’t know that has the potential to derail your rent vs. buy decision-making, so here are the Top 5 Hidden Costs of both renting and owning your home: (more…)