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Home Values Projected To Increase 6.3% In 2019

Buying a home is an investment. And, like any investment, you want to make sure it’s going to deliver a healthy return.

According to recent projections, it looks like real estate is going to pay off in a major way in 2019.

According to recent data from Zillow, the US Median Home Value is projected to grow a healthy 6.3% in 2019. So, if you were to purchase a home for $250,000 at the beginning of 2019 (in other words, now), that same home is projected to be worth $265,750—an increase of $15,750.

The Takeaway: Real estate is projected to provide some healthy returns in 2019, so if you’ve been thinking about investing in a new home, now is a great time to make a move.

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Millennials Will Continue To Drive Home Ownership Growth In 2019

The millennial generation (which is defined as people born between 1981-1996) is the largest in US history, and currently, they’re also the largest in driving homeownership growth.

According to a recent report from financial services company First American, the millennial generation had a huge impact on the housing market in 2018. While millennials still have lower homeownership rates than Baby Boomers or Gen Xers, millennial homeownership rose 1.2 percentage points year over year in Q3 2018—which made households under the age of 35 a larger contributor to homeownership growth than any other generation. And as more millennials approach their thirties and start marrying and starting families, that trend will only grow (according to the report, aging millennials will purchase a whopping 10 million new homes over the next decade).

The Takeaway:  If you’re a millennial and have been thinking about buying a home, you’re not the only one. 2019 is a great time to join your peers and make your dream of homeownership a reality.

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10 Home Chores To Do Annually

Sing me some graces, there is such a thing as over-cleaning! Here are ten chores around the home that you really only need to do annually, minus special circumstances. Let’s dive in!

1. Curtains & Drapes

Unfortunately, we don’t mean the dusting part. You’ll want to dust at least once a month, but when it actually comes time to get them cleaned, you only really need to do that once a year. You can take them in to get dry cleaned or follow the instructions on their tags if you choose to wash them at home.

2. House Gutters

Gutter guards can be a great investment, especially if you live around trees that shed all year long. These can keep your gutter cleanings minimal, generally about once per year. You’ll want to do this in the autumn when all of the leaves from the trees have already fallen.

3. Fireplace & Chimney 

After the winter, you’ll want to give your fireplace a thorough cleaning. You can use a shop vacuum to clean up the embers. Make sure to wash down the fireplace tools as well. Go an extra step further and schedule an appointment with a chimney sweeper.

4. Carpets

We wish we meant vacuuming, but that’s pretty much a weekly or biweekly task for most households. In this case, we mean a deep clean. The best time to get this taken care of is right after summer.

5. Outdoor Furniture

The best time to clean outdoor furniture is when you bring them out of storage for Spring. Of course, if messes happen while you’re using them, you want to clean the spots right away, so you avoid an accumulation of stains in a short period.

6. Mattress

Mattresses have improved through the years but they still need a little bit of attention. At least once a year, give your mattress a thorough cleaning and change the position of it.

7. Kitchen Cabinets & Pantry

Early November is a great time to clean out kitchen cabinets, drawers, and the food pantry to get them ready for the holidays. Do a section of cabinets at a time and empty them out completely. Wipe down the shelves and reline with shelf paper if needed.

8. Linen Closet

Just once a year, empty out your linen closet and give it a thorough cleaning. Take time to vacuum away dust and spiderwebs and reline any shelves.

9. Garage, Basement, & Attic

No one is expecting you to have a perfect garage, basement, or attic. However, a good cleaning at least once a year can help you keep an eye on things, such as moisture or insect problems. It can also feel good to get rid of junk that tends to accumulate in these hidden spaces.

If you’re in the market to sell your home, you can always give me a call, and I’ll refer over some preferred vendors that can help you knock out your cleaning tasks.