If you are thinking of remodeling or updating your kitchen, remember that color and material trends typically follow 5 year cycles; therefore, it pays to be “fashion forward” with your up-dates if you plan to stay in your home for over 5 years. What is trending? Overall, think clean, simple, and contemporary. (Say good-bye “Old World” and hello Scandinavia).
According to the National Kitchen and Bath Association, the following items are trending for 2013:
White painted cabinets. Resurfacing your current cabinets would be a great way to save money. If you purchase new cabinets, select non-fussy lines. I am also seeing two-toned cabinetry (white above and a color below the counter).
Quartz countertops. Quartz is starting to trend over Granite. Some of the reasoning is the uniform color and pattern, it is more stain and scratch resistant, and does not have to be resealed every year. If you live in the Raleigh and Cary NC area, granite is still more popular according to the sales associates at Cary’s Absolute Stone . (I advise clients who are thinking of selling their home soon and want to update their kitchen to install Granite because the price point is a little lower than quartz and my current buyers still want granite.)
Glass back splash. Subway tile is still popular.
A white and gray color scheme. This is a nice neutral palate that lets the homeowner easily update their décor by simply changing their towels and accessories. I am also seeing designers add elements of wood to the kitchen to create visual texture and interest – for example, a wood elevated section on the island to act as a bar, wood ceilings etc. Make sure it is cool!
Satin and nickel finishes for faucets and lighting trim. Stainless steel under mount sinks still can’t be beat.
When people see my little name tag that reads, “Teresa Bowen, Broker / Realtor Keller Williams Cary NC”, many give me a look of sympathy and ask quietly, “how’s it going?” As any good agent should, I reply “GREAT!” But in truth, it IS great.
I was recently interviewed by Christa Gala of the News and Observer Newspaper to explain the current Raleigh area real estate market conditions and forecast. I was happy to report that home sales are up by 35% from this time last year, and inventory is down. Our foreclosure rate is only 9% which is enviable for the rest of the country.
Forecasts predict that Raleigh / Cary home prices may fall slightly this year ( 2-3%), remain even next year, then rise 3%. Read my interview below for more info:
Many people moving to the Cary, Raleigh area do so for various reasons: our great school system, local Universities, low unemployment etc. There is another great reason to move to Cary and Raleigh…the fees for basic services these cities provide is relatively low compared to other cities in North Carolina. I can tell you that Cary has a bad rap for high taxes but it is quite unfounded. Below is a chart which shows that the costs of water/sewer fees and taxes combined put Apex and Raleigh are lower than 75% of the other NC cities; Cary is less expensive than more than half.
Read more of the article by Micheal Jacobs “Charting Cities’ Financial Stewardship”:
This has been a really really busy Dec, Jan and February for Raleigh and Cary area Real Estate Sales. Inventory is down, and showings are up. I had a Cary home for sale show 28 times in 6 weeks!! We were under contract lickety split. (It was priced right and staged well, which is still totally key to selling in this market).
Andrea Brambila noted, ” To compile the list of 10 markets to watch this year, Inman News looked for markets with above-average median sales price growth, a low unemployment rate, a high rate of sales per population, high affordability, low and falling foreclosure activity, a low share of distressed sales, above-average projected job growth, median household income growth, low and falling vacancy rates, growth in the number of building permits issued, above-average population growth, high projected population growth, and a rise in in-migration from other states.”
If you are thinking of buying or selling Wake or Chatham County real estate, you need to know that mortgage lenders look up what seems like every detail of your life now to determine if they will lend you money. A primary factor that determines the interest rate that they will extend to you is your credit history. Once a year you can get your credit report for free at www.annualcreditreport.com . Do not buy anything from any site. This report does not give you your credit score; however, for that go to a site called Credit Karma.
Credit Karma is a completely pro-consumer service to empower consumers to learn about how to improve their score and to come up with action plans. Watch this short video by consumer advocate Clark Howard (he’s so geeky he’s cute) click: CLARK’S VIDEO