COMING SOON!

5 Zanes Way Arnell Creek Rehoboth Beach DE 19971

Wonderful home at 5 Zanes Way Arnell Creek Rehoboth Beach, DE 19971  is a short ride to Rehoboth Beach’s fun and sun!  The development is located on Old Landing Road.  This  4 BR, 2 1/2 BA home sets on over 3/4 of an acre of land with a 2 +  car garage, covered front porch, sun room, spacious deck, fireplace, hardwood floors, and many other amenities.

LIST PRICE: $349,000
BEDROOMS: 4
BATHROOMS: 2 1/2
SQ. FT. – approximately 2, 000 sq.ft

5 Zanes Way Arnell Creek Rehoboth Beach, DE 19971

 

 


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Increase Your Home's Value

Great curb appeal not only makes your home the star of the neighborhood, it can also improve its value and help you sell it for more. Whether you’re thinking of listing your home or just want to make your home the envy of your neighbors, here are five tips to help increase your home’s value up to 28%.

1. Make your home’s exterior look like new

For many potential buyers, the condition of the exterior of a home can offer clues to the condition of the interior. The first place to start when boosting curb appeal is the exterior of your house.

  • Paint. Paint is the best way to make your home appear newer. While you can paint your home yourself, if it’s large or more than one story, consider hiring a professional. Painting is a fairly inexpensive improvement with between 60 to 100 percent return on investment.1
  • Maintain your siding. Over time, weather and the elements can make your home’s siding appear dull and dirty. Use a pressure washer to clean stains, spider webs and accumulated dirt and grime, or use a soft cloth and a household cleaner to get into those small nooks and spaces. Although the average life expectancy of siding ranges from 60 to 100 years, depending on the material, extreme weather may reduce this number. If you need to replace the siding, you’ll enjoy a 77 percent return on investment.1
  • Paint or replace garage doors. If your garage doors are in good condition, give them a new coat of paint. If they’re beginning to show their age, consider replacing them. Not only are new garage doors more energy efficient and better insulated than older models, they also have a 91.5 percent return on investment.1
  • Maintain your fence. Replace rotted or worn posts and panels and freshen it up with a coat of paint. If you have a hedge that serves as your property’s border, keep it trimmed and in good shape.

2. Pay attention to the small details

The small details tie your home’s exterior together and help it stand out from others in the neighborhood.

  • Update your house numbers. Make sure potential buyers and guests can find your home. If the numbers have faded or need an update, replace them. If choosing a metallic finish, make sure it matches the finish of your exterior light fixtures.
  • Install new door fixtures and be sure they match in style and finish and complement the style of your home.
  • Paint front door, trim and shutters. This inexpensive improvement adds brightness to a home, whether you choose a bold color, a neutral tone or classic white.


3. Tend to your driveway and lawn

Well-landscaped homes may sell for between 5.5% and 12.7% more than other similar homes and studies show it may also add up to 28 percent to your home’s overall value.5

  • Place a border along your driveway or walkway made of brick, stone, pavers or another hardscape element to add visual interest to a plain driveway.
  • Maintain your green space. If you have grass, a well-maintained, green lawn makes your home look inviting and picturesque. However, in many parts of the country, water conservation is becoming more important. Xeriscaped landscapes incorporate drought-tolerant vegetation that thrives in warm, dry climates, such as lavender, sage, wisteria and agave, with water-saving drip irrigation and mulch. Xeriscaping has a cost savings of 36 cents per square foot annually through reduced irrigation and maintenance costs.3 Additionally, these landscapes are virtually maintenance free, which makes it an attractive option for busy buyers.
  • Include trees and shrubs to create texture and add interest to your landscape. Planting a few types of trees and shrubs of varying heights, widths and flowering times boosts your home’s curb appeal year-round.

4. Make it feel inviting

It’s no secret that emotions play a role in a person’s decision to purchase a home. Stage the outside of your home to evoke warm feelings.

  • Stage your porch. If you have a front porch, make it feel more inviting by including seating, such as a chair or loveseat, an outdoor rug and a small table. If space is an issue, incorporate small decorative touches, such as a festive wreath or potted plant.
  • Hang flower boxes on your front porch railings and/or below your windows. If you don’t want to affix flower boxes to your home, purchase nice planters and containers and place them around your porch or on your front steps.
  • Choose flowers and plants that bloom at different times of the year for year-round appeal. For example, bulbs not only bloom all spring, they also multiply and come up every year. Perennials often flower for most of the year and will prevent you from having to replant them every year.
  • If you don’t have a green thumb, choose low maintenance plants and flowers. Flowers such as lavender, rosemary, and zinnias are a few low-maintenance and drought-tolerant options.

5. Boost Your Online “Curb Appeal”

For those interested in selling, it’s important to know the effect online curb appeal has on a home. The better impression your home gives online, the more likely buyers will want to see it in person. Here’s how to get your home ready for its listing debut.

  • Stage your home. Staging shows your home in its best light and helps potential buyers picture themselves living there.
  • Hire a professional to take photos. A photographer has the skills and equipment to shoot your home in the best light and make it look its best.
  • Include a short video tour of the home. Videos are becoming a popular way to give buyers a glimpse of the home before they step foot in it.

Before you start a home project, keep these four things in mind:

  1. Why are you renovating? In other words, is your intention to update your home and get it show-ready or do you want to sell it for more money? Don’t fall into the trap of undertaking major renovations that may not pay off when you sell. If your home is in good shape, a few inexpensive updates may be enough to make your home attractive to buyers.
  2. The style of the neighborhood. Whenever you renovate your home, make sure the project fits with the style of the neighborhood and rules of the homeowner association. For example, an HOA may limit the choice and number of trees you can plant on your property. Similarly, a tall hedge border may not fit in in a neighborhood of low, picket fences.
  3. Permits. If you’re planning an extensive exterior renovation, you may need a permit from your municipality or other authority.
  4. Budget. A budget keeps your project’s costs and scope in check. Make a list of the improvements you’d like to make, set a realistic budget and stick to it. If you’d like advice on improvements you can make to boost your home’s curb appeal, give us a call.

Are you thinking of boosting your home’s curb appeal or renovating your home before you list? Do you want help making your home more appealing to potential buyers online and in-person? Give us a call and we’ll help you present your home in its best light.

 

Sources: 1. Remodeling, 2016 Cost vs Value Report

  1. Realtor Mag, September 22, 2016
  2. REALTOR.com
  3. Houzz, Houzz & Home-U.S., June 2016
  4. Houselogic.com

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The year in review numbers are in for 2016 Ocean Atlantic Sotheby’s International Realty and they are outstanding!

From 5 of the top 20 Sussex County REALTORS as part of the brokerage to the $269,044,457 total dollar value of properties that were listed or sold in 2016.  These are just a drop in the Ocean Atlantic Sotheby’s International Realty numbers. The graphic below tells the entire 2016 story.

Check out the current Beachteam listings to start the 2017 statistics totals.

2016 Year in Review Stats


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One of the most common questions we get at this time of year is, “What’s going on in the market?” It’s not just potential buyers and sellers who are curious; homeowners always want reassurance their home’s value is going up. The good news is the American real estate market is strong and healthy: home values are up, prices and sales are strong, and millennial first-time buyers are eager to become homeowners.

We often use national real estate numbers to give us a clearer view of our local market. However, real estate is local, and while statistics and predictions help us understand the overall real estate market, our local market may be different. If you’re thinking of buying or selling, or just want to know how much your home is worth, give us a call!

Real Estate 2017What to Expect in the Real Estate Market in 2017

The American housing market is stronger than ever! Home values, prices and sales had their strongest numbers in 2016, a sure sign the market is healthy and strong. According to the Home Price Index from the Federal Housing Finance Agency (FHFA), property values have increased in 58 of the last 62 months and have increased more than 35 percent nationally. Homeowners continue to build equity in their largest investment—their homes.

First-time buyers are back

Housing forecasts from the National Association of REALTORS (NAR), the Mortgage Bankers’ Association, Freddie Mac and Fannie Mae all predict existing-home sales will surpass 6 million in 2017, higher than anticipated sales for 2016. Who’s driving the surge? According to NAR, millennials who have put off buying a home are ready to buy. While they may have avoided buying a home due to student debt and limited employment, many are entering their 30s, a time when their attention turns to marriage, family and setting roots with home ownership. They’re predicted to be the driving force behind home and condominium sales from now until into 2020. (Source: MarketWatch)

What does this mean to you? If you’re a millennial who’s been on the fence about buying, now is the time to act. Give us a call to answer your questions about the market and the buying process.

Renters are embracing home ownership

Additionally, many renters who’ve resisted buying are starting home searches due to the economic weight of rising rents. This year’s home buyers seek to take advantage of comparatively low interest rates and, in most cases, static payments each month—an advantage of home ownership. Rental costs will only continue to rise; if you’re thinking of buying, now is an ideal time to do so.

What does this mean to you? Every month you pay rent, you lose the opportunity to build equity in a home of your own. Break free from the limits of renting and invest in your financial future. Come in the office and we’ll discuss your options.

Home prices are on the rise

According to NAR, the median existing-home price not only increased 6.0 percent year-over-year in October, it’s also the 56th consecutive month of year-over-year increases. Prices are approaching the pre-recession peak.

What does this mean to you? Home prices, and subsequently home values, are increasing. If you’ve been waiting to list your home until you know you can sell it for what you think it’s worth, now is a great time to do so. We’ll be happy to give you a comparative market assessment of your home and help you get your home in list-ready shape.

If you’re in the market to buy, be prepared to act

Homes were on the market for the shortest amount of time recorded since 2009: 52 days. The increase of qualified buyers in the market along with the increasing efficiency of the real estate process means homes are selling faster than ever, and in many cases buyers are engaging in bidding wars and paying over the list price to get the home of their dreams.

What does this mean to you? The home you have your eye on one day may be gone the next. In competitive markets, be prepared to come to the table with a competitive bid.

Looking for a new home?

New-home construction will increase to an average of 1.5 million per year to 2024, according to a report from NAR. However, experts anticipate housing starts will only increase to 1.22 million in 2017, which is less than the 1.5 million new homes required to keep up with growing demand. This inventory shortage of new entry-level homes—typically purchased by first-time buyers—may drive up prices in some areas. Home builders have been focusing on multi-family construction for the last few years, but this type of construction has begun to level off providing hope that builders will once again focus on single-family home construction. However, stricter proposed immigration policies may impact new home construction and tighten inventory.

What does this mean to you? First-time and repeat home buyers agree—there are plenty of advantages of buying a new home. Whether you want a home customized to your family’s needs or you don’t want to bother with age-related maintenance, a new home has much to offer. Give us a call to discuss your options.

Affordability pressures are increasing in many markets

Housing affordability in many of the nation’s largest cities has declined over the past few years, a trend that is expected to continue in 2017. However, there is hope. NAR created the Affordability Index to measure the affordability of homes across the United States. The Affordability Index assesses whether the typical family earning the median family income can qualify for a mortgage on a typical home based on the prevailing mortgage interest rate on loans closed on existing homes from the Federal Housing Finance Board.

The NAR Affordability Index is 170.2 (composite) and 169.8 (fixed), meaning a family earning the median family income has 170.2 percent of the income necessary to buy a median-priced, single-family home. Nationally, the qualifying income is $41,616, but it varies by region. In the Northeast, the qualifying income is $45,024, the Midwest, it’s $32,640, the South, it’s $36,960, and in the West, it’s $61,824.

What does this mean to you? If you’ve had your eye on a new home, but weren’t sure if you could afford it, you may be pleasantly surprised. We may have homes in our area that meet your needs and budget. Give us a call today to discuss your home search.

3 Things to Do Now if You Plan to Buy This Year

  1. Get pre-approved for a mortgage. If you’re like most buyers who plan to finance part of the home purchase, getting pre-approved for a mortgage will allow you to put in an offer on a home and may give you an advantage over other buyers. The added bonus: you can see how much home you can afford and budget accordingly.
  2. Start looking. While most buyers start their searches online, be sure to look at homes in neighborhoods you’d like to live in as well. Keep a notebook to write down what you like and dislike about each home you view in person or online. This will help you narrow down where to look and what to look for in your next home.
  3. Come to our office. The buying process can be tricky. We’d love to guide you through it. We can help you find a home that fits your needs and budget. Give us a call to make an appointment today!

3 Things to Do Now if You Plan to Sell This Year

  1. Make repairs. Most buyers want a home they can move into right away, without having to make extensive repairs. While the repairs may or may not add value, making them will give your home a competitive advantage over other similar homes on the market.
  2. Get a Comparative Market Analysis (CMA). A CMA not only gives you the current market value of your home, it’ll also show how your home compares to others in the area. This will help us price your home to sell in our market. Call us for your free CMA!
  3. Start packing. Help your buyers see themselves in your home by packing up items you don’t use regularly and storing them in an attic or a storage space. This will make your home easier to stage as well as make it easier to move later on.

Are you thinking of buying or selling?

Whether you’d like to buy or sell a home this year, want to know how much your home is worth, or have general questions about our local market, give us a call at 302-542-5534. We’d love to discuss the market with you.

 


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chocolate-fest

25th Annual Chocolate Festival

Saturday, March 7th — To commemorate its silver anniversary, the annual Rehoboth Beach Chocolate Festival will unveil an entirely new event this year! For the first time, attendees will enjoy chocolate treats by leading area professional chefs only. The 25th Annual Chocolate Festival will be held at The Rehoboth Beach Convention Center.  General Admission Tickets are available from 1:30-4:30 p.m. for $10, which includes 10 Chocolate Tastes. Children under 12 can purchase $5 Tickets which includes 5 Chocolate Tastes. To purchase tickets online visit www.downtownrb.com  or stop by Snyder’s Candy at 60 Rehoboth Avenue.

milton st patricksMilton’s 8th Annual St. Patrick’s Day Parade

Sunday, March 8th at 2PM — Downtown Historic Milton. All parade proceeds benefit: The Milton Fire Department training program, Best Buddies Delaware, Casa San Francisco. We hope to see you Sunday March 8th at 11am for the 3rd Annual Lucky Leprechaun 5K and at 2pm for the 8th Annual Milton St. Patrick’s Day Parade.Visit the parade’s website for more information.

donna_601

Metropolitan Opera Broadcast

Saturday, March 14 — The Rehoboth Beach Film Society and the Cape Henlopen Educational Foundation are proud to present The Metropolitan Opera’s live broadcast of Offenbach’s “La Donna del Lago” at 12:55 pm at the Cape Henlopen High School Theater. Admission for The Met: Live in HD broadcasts is $25 for adults, $22 for Met members, $22 for RBFS members, $22 for Seniors (65+), $15 for Students (with ID), $15 for children (12 and under). Seating is on a first come, first-served basis (no reserved seats). Online reservations may be made with MasterCard or VISA until noon on Friday, March 13. Admission will be offered at the door with cash payment only. Approximate ending time is 4:30 pm. For more info about this series, other events, or to become a member, visit the Rehoboth Beach Film Society website, or call 645-9095.

Screenshot 2015-03-04 15.23.16

‘Footloose’ Eighties Prom Party

Saturday, March 14 — Presented by Cape Henlopen Educational Foundation, The Starboard, Dewey Beach. Doors open at 7:00pm. Join us for an evening filled with 80’s dance tunes, high hair, food and fun. Wear your Footloose inspired attire. Enjoy throwback cash bar prices. $35 ticket by clicking here or purchase in person at Cape High or Browseabout Books.

merchants attic

Merchant’s Attic

Saturday, March 21 — Plan to shop at the State’s Largest Indoor Garage Sale!  Join us at the Rehoboth Beach Convention Hall located at 229 Rehoboth Avenue in Rehoboth Beach.  Event will be held from 9:30AM – 1:30PM.  There is no admission fee; however donations for the benefit of the Chamber Event Fund are welcome.

art_craft_1_253‘Art and Craft’ Rehoboth Beach Film Society’s Monthly Screening

Friday, March 27 and 7PM — This film is a fascinating glimpse into the life of art forger, Mark Landis. A small eccentric Mississippian, with a history of mental illness, Landis copied works by famous artists such as Dr. Seuss, Charles Schultz, and even Pablo Picasso, convincingly enough that he was able to donate them to museums all over the Southern United States. [2014, USA, Runtime: 89 min, Not Rated]. A post-film discussion will be led by Kim Klabe. Kim is the Education Director for the Rehoboth Art League. Admission: $4 for members and $6 for non-members. For more information, click here.


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