Are homes becoming more or less affordable.

 

Brought to you by Paula Higman Real Estate.     What does this mean? The direction and pace at which home prices are changing are indicators of the strength of the housing market and whether homes are becoming more or less affordable. The median price of a home in Park City is currently $2.20 Million.             Regardless of price point, our team is united in their efforts to support the client, support each other, and get the job done in the best way possible. Paula Higman Real Estate is a unique team of talented and diverse individuals with a passion for success and client satisfaction. Contact Paula Higman Real Estate today and let us take this journey with you to marketing and selling your home for the best value, to the biggest luxury real estate market out there.   Connect With Us:

What do today’s luxury buyers really want?

 

         

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Real estate analysis is based on what has occurred in the past; it is how predictions are made and how future decisions are evaluated. The last two years have had profound lessons for our present and future. A once-in-a-generation pandemic initiated a paradigm shift: people began reimagining their ideas of home and rediscovering their essential values at the very moment when wealth was rising to historic levels around the world, thanks to rebounding stock markets and surging home equity gains. According to the latest Wealth-X data, the population of individuals with a net worth of $5 million+ reached more than 3.6 million globally. That was an increase of 19.8% over 2020 and a notable difference from 2020, which saw only a 2.2% gain over 2019. This extraordinary wealth growth led to a real estate expansion like we’ve never seen before. A new map for luxury opened up new locations and multiple homeownership in greater numbers. Home as a safe haven became the rallying cry for our time.

Where do we go from here? What opportunities should we look for?  Rather than focusing solely on the past, we are looking forward to The Report 2022. Annual statistics in the top 10% of 120 U.S. markets were analyzed with Coldwell Banker Global Luxury's partner, the Institute for Luxury Home Marketing, to provide a view into future trends that could impact luxury real estate and the next opportunities that lie ahead. Also consulted were Wealth-X to provide a global outlook on wealth, homeownership trends and where current and upcoming pockets of international affluence may reside. Wealth management expert Barry Ritholtz added his financial perspective, and as always, Coldwell Banker Global Luxury Property Specialists and colleagues lent their boots-on-the-ground market insights. We hope you find the information invaluable in this report.

         

 

Regardless of price point, our team is united in their efforts to support the client, support each other, and get the job done in the best way possible. Paula Higman Real Estate is a unique team of talented and diverse individuals with a passion for success and client satisfaction.

Contact Paula Higman Real Estate today and let us take this journey with you to marketing and selling your home for the best value, to the biggest luxury real estate market out there.

 

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Create a Home Maintenance Checklist

 

Your vehicle requires routine maintenance to run smoothly, and the same goes for your house. Without service reminders, however, it can be easy to forget to tend to all the systems that keep your house fully functioning. Fortunately, you can create a simple annual maintenance checklist to properly care for your home and prevent potential issues from becoming major problems. Start by making a list of each task you'll need to complete over the coming year. Make sure your yearly home inspection includes all major systems (HVAC, electrical, and plumbing), the interior and exterior of your home, water and septic tanks, doors and windows, and the attic or basement if applicable. When that's done, organize the list according to how often each item needs to be checked or maintained and set reminders accordingly. Your home maintenance checklist might start to look similar to this: Monthly Test smoke and carbon monoxide detectors. Change air filters in the heating and air conditioning system. Clean range hood filters to avoid possible grease fires. Trim back any shrubbery or plant growth around the outdoor HVAC unit by at least 18 inches. Quarterly Check and wipe down sliding doors and window tracks. Replace batteries in smoke detectors. Test garage door and grease tracks as needed. Semiannually Clear gutters of spring and fall foliage. Power wash windows and siding. Schedule seasonal service of the HVAC system before summer and winter. Annually Inspect and insulate pipes to protect them from freezing. Trim trees and shrubs away from the home's exterior. Touch up exterior paint and check for wood rot or water damage. Check grouting in the kitchen and bathroom and repair if necessary. A home maintenance checklist will make it easier for you to manage the upkeep of your house. It can also help you catch minor issues before they become costly home repairs.

I hope you are having a great day!

Demo Day the Responsible Way

Thanks to HGTV, "Demo Day" is often thought of as the fun part of renovation and construction. Owners and celebrity reno stars wield sledgehammers and power tools while kicking down drywall, tearing out cabinets, and throwing building material from second-story windows. The carefree assault on a dated home makes demolition look easy and fun, but there is more skill and expertise involved than you might think.

If you're considering a DIY demo to save money before a renovation, make sure you know what you're getting into, and you are prepared for any problems that may arise.

 

 Safety First: Ensure you have enough safety equipment — steel-toed work boots, safety glasses, hard hats, masks, and work gloves for everyone in your crew. Full coverage, snug-fitting shirts, and pants provide protection from splinters, itchy fiberglass, and rusty nail scratches. Keep a first aid kit handy, and make sure your phone is fully charged in the event of an emergency.

Hidden Hazards: Is there asbestos in your carpet padding or lead in the wall paint? If your home was built before 1978, there’s a good chance some paint in the home will contain lead. Asbestos is trickier – it’s been banned in some common building materials, but is still used in others. When in doubt, test flooring, walls, ceilings, and pipe wrappings before beginning work. The risks from asbestos arise when it is damaged or disturbed and the asbestos fibers become airborne, so wearing a proper respirator and following the correct procedures is crucial.

Work Smart: Does everyone involved know how to use power equipment and heavy tools like crowbars and sledgehammers? Each helper should be cognizant of what is happening around them when the swinging and smashing start.

Secure The Site: Is the worksite safe? Shut off power when working on or close to electrical systems. Turn off the water main when plumbing is involved. Sites should be secured to keep kids, pets, thieves, and curious passers-by out. Make sure to display "No Trespassing" signs as well.

Plan For Success: Take a close look at the structure and materials to be demolished before you start anything physical. Which way do the joists run? Which walls are structural? Which walls have water lines, electrical wires, or gas lines behind them? Is there anything you want to protect and preserve? If you can't identify structural components, then you certainly shouldn't remove them. Consult a building professional (architect, engineer, contractor) before smashing into your walls, and check with your insurance broker to confirm you are covered for all liabilities before you begin.

IS YOUR HOME WORTH MORE THAN YOU THINK...

FREE HOME EVALUATION...

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Prep Your Home for Back-To-School Season

The first day of the new school year is here. With new distance learning for kiddos and parents becoming impromptu teachers, it can be overwhelming to prepare your home in time for the first day of school. To help set your family up for success for back-to-school season at home, here are some tips and tricks to ease into a new family routine.

Create a Weekly Schedule 

On Sundays, create a visual schedule for the week that includes daily learning topics and schoolwork due dates. Establishing a routine and setting start times takes away the stress and allows everyone to focus on the activity. Integrate family fun activities such as yoga on the grass, crafting a card for a distant loved one or keep the learning going with activities like baking to learn about fractions.

Designate a Space for Learning

To keep the family organized, designate a special space just for home learning. Including a variety of school supplies in one place allows for ease of access and limits distractions. Allowing kids to help create the space and decorate with a few fun items will ensure they feel ready to learn each and every day.

Be Flexible & Find What Works for YOUR Family

Remember, every family is unique. Embrace distance learning by incorporating the best routines for your schedule and be flexible in what works for your family. Find beauty in new challenges and enjoy the extra time at home with loved ones.

We have the perfect for your family with space for everyone to transition into a new way of learning and teaching. For a virtual tour of homes, contact us at 

        

 

Regardless of price point, our team is united in their efforts to support the client, support each other, and get the job done in the best way possible. Paula Higman Real Estate is a unique team of talented and diverse individuals with a passion for success and client satisfaction.

Contact Paula Higman Real Estate today and let us take this journey with you to marketing and selling your home for the best value, to the biggest luxury real estate market out there.

 

Insure that you have the best representation when buying and/or selling in The Colony. Contact Paula Higman Real Estate Park City at 435-602-8228 For a property tour and more information about Heber City and the surrounding areas.

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