Real Estate Trends in 2021

buying-an-investment-property

With so many significant changes in 2020, we expect to see some major developments in 2021 real estate trends. This is due to the pandemic, it has changed how many people think about housing and work. 

We’re expecting more people to move out of cities or away from their offices because they no longer need to be close to work. House hunting will continue to be affected by social distancing until we all can get a vaccine. And, younger people will realize they can afford more property than they thought.

Suburban Growth and Working from Home

Two big trends coming in 2021 are caused by the changes in 2020 to work and society. With so many people starting to work from home, realtors have seen an increase in people looking to move out of cities. They want space and safety in their preferred neighborhoods rather than commuting convenience.

The growth in buyers wanting to move to the suburbs is a direct result of the Covid-19 pandemic, people are realizing they can work from home. Those who used to live in a city have quickly realized they can get much larger housing for the same or less money as they would in a city.

Moving away from urban centers has also become a trend because of unrest and protest that we’ve seen in larger urban areas in the past twelve months. As we move into 2021, this trend for buyers to seek homes in less congested areas will continue.

Virtual House Hunting

Another 2021 real estate trend is the move to online house hunting. Whereas home buyers have always wanted to visit houses in person as part of buying a new home, the pandemic has meant that more people are willing to view homes through virtual appointments. This is a significant change in how realtors and buyers operate.

Expect to see improvements in virtual home tours as we move into 2021, as we’re still practicing social distancing and dealing with the effects of the coronavirus. 

Millennials Moving Up

Millennials are one of the fastest-growing homeowner demographics. Moving into 2021, more millennials will enter the housing market. They will soon account for more than half of all home buyers. 

Millennials buying homes also ties into the first of the 2021 real estate trends we discussed. In the past, the youngest age demographic segment tended to look to rent or buy in urban or downtown areas. However, with remote work becoming more accepted, millennials are also joining the hunt for homes outside of cities. 

Part of this trend is that millennials realize they can now afford more of a house than before if they swap high-priced rent in cities for land and square footage in the country or smaller towns. This change in mentality leads to the trend of millennials “moving up” in the housing market.  

Keep an Eye on 2021 Real Estate Trends

As you can see, the changes that have occurred in all our lives will keep affecting real estate. We’ve highlighted three of the biggest 2021 real estate trends here because they are going to change how you think about buying your next home.

Remember, cheaper, larger, safer property outside or urban, downtown locations are booming. Improving technology will make house hunting virtually much better. And, the market is getting an influx of younger buyers with money to spend.

For more advice on real estate, get in touch with us today.

Home Organization Tips

Home Organization Tips

An organized home is proven to aid in stress relief, management, and relaxation. But what’re some of the best home organization tips? Don’t fret. Here we’ll be discussing four of the most important things you should be focusing on when organizing your home.

Cleaning isn’t just for springtime. Make sure you’re confident in the steps you’re taking. Following a guideline might help in the long run. Let’s dive into the details.

1. Kitchen Sink Cabinets

It’s often forgotten, but the kitchen sink cabinet can be made good use of. In order to add some organization to the mix, think about plastic drawer units. We’re used to throwing things under the sink eventually creating a jumbled mess. Instead, opt for some convenience.

Label or mark each container so you know where everything is at first glance. It’s a good idea to use plastic containers in case the sink leaks and water spreads across the cabinet floor.

2. Organize Drawers

Organizing is a bit of a momentum-driven process. You might want to start small so you’re not overwhelmed. This could be something like organizing a junk drawer, spice cabinet, or color-coding a messy closet. This provides easy access to an otherwise cluttered area. Locating tools, favorite outfits, or spices for a meal can be an issue if you aren’t organized.

The entire process doesn’t need to be completed immediately. These little victories can help you build confidence and a mood for the organization instead of dreading the next large project.

3. Home Organization Tips for the Kitchen

We don’t often associate the kitchen with organization, but an organized one can create a nice flow in your home.  It’s likely your kitchen is the messiest place in the house. That’s why a simple organization checklist can help immensely.

Consider labeling the contents inside your pantry or sorting the food in your fridge by zones. This may seem like an overhaul, but the organization in these areas can help remove daily clutter. Zones in your fridge and pantry can be sorted by lunch, drinks, condiments, leftovers, meal prep, and more. This creates a helpful pathway to completing meals without searching for ingredients.

4. Use Shoe Boxes

Using shoeboxes for home organization tips provides a function. These aren’t your standard cardboard shoe boxes, but rather a clear or transparent case for your shoes.

This provides a place for your shoes to be out of sight, avoid dust, and steer clear of damage from other shoes. It’s also a great way to show off your collection and make each pair of shoes accessible.

Managing Your Home

When it comes to home organization tips, the possibilities are endless. In order to properly manage your lifestyle and the complications that come with it, you need reliable information. Your home is apart of that bigger picture.

Don’t let your home organization lag behind the rest of the pack. That’s where Market Source Real Estate comes in. If you’re thinking about buying, selling, or learning about your home, we have you covered.

We know in the real estate market there’s tons of information dumped on you. Market Source is here to simplify the process.

Give us a call today and manage your home and lifestyle the right way.

The Brief Guide That Makes Choosing and Hiring a Realtor Simple

Your-Personal-Realtor

Does thinking about hiring a realtor gives you a headache?

How many of your neighbors and friends have handed you their business card? Chances are, you’ve got quite a few. It seems everyone and their uncle is a real estate agent nowadays.

How do you sift through the endless sea of licensed agents and find one that’s the right fit for you?

It can be a stressful task without any guidance. And deciding to work with the wrong one can be just as stressful!

But don’t worry! We’re here for you. Here are 8 quick tips to show you how to choose a real estate broker.

A Crash Course in Hiring A Realtor

  1. Availability– In a hot market when you are buying or selling, you need to have an agent that has time for you or you will miss out on some good houses
  2. Market Knowledge– Look for an agent that specializes in the area you want to buy or sell in and knows the market stats
  3. Experience– An experienced agent can help to get your home sold faster and also offer you a network of other professionals (mortgage lenders, home inspectors, etc.) to help with whatever you may need throughout the process
  4. Resources– Hiring a realtor who understands the whole picture is critical when dealing with things like financing, contracts, contingencies, and addendums
  5. New Marketing: Social Media– Marketing your house has changed to the point where you need an agent who has an active, professional presence on social media platforms like Instagram, Facebook, and LinkedIn
  6. The agent sells real estate full time– Finding an agent who sells houses full-time means they will have more time to work on your home, and they’ve been successful enough-and been successful long enough-at it not to need another part-time job
  7. Ask your friends and family for suggestions– Agents who are good at what they can work on referral business alone, so someone you know may have worked with a rock star agent who can’t be found on the traditional marketing platforms.
  8. They are willing to listen– You can spot an agent who won’t listen to their customers from a mile away, and chances are they won’t fall in-line with any of the other 7 tips we’ve given you, but just be on the lookout for them!

Bringing it Home

Buying or selling a house is the biggest decision most people make in their lives because of the high price tag, and people are usually buying or selling in association with some other life event going on(having a baby, getting married, getting a new job, or downsizing because of an “empty nest”).

Here at Market Source Real Estate, we understand how complicated hiring a realtor can seem. We’re here to help and show you that it can be a simple, pain-free process.

We pride ourselves on putting our clients’ needs first and will answer any questions you have to help put your mind at ease.

This is your life, your house, and we want you to be 100% certain you’re in the best hands for the job.

Call Monique to get started, or subscribe to our blog to keep updated on what’s going on in Salt Lake City and the surrounding areas.

4 Practical Tips for Downsizing and Moving Into a Smaller Home

Downsizing and Moving Into a Smaller Home

Size matters when it comes to your home, but not in the way you may expect. In fact, 60% of people who live in homes over 2,000 square feet would choose a smaller house over a larger one.

Downsizing is a fantastic way to save money, save maintenance time, and reap the rewards of a more minimalistic lifestyle. It can be an overwhelming task from the start, though. Stop stressing with these easy tips on downsizing to a smaller home.

1. Downsize Your Stuff First

A common mistake that downsizers make is choosing a home first and then trying to downsize their possessions to fit it. It’s better to work in the opposite direction.

Go through everything in your home and do a major purge. Sell or donate anything you don’t need. It’s a good idea to start this process early, so you have plenty of time to sell items.

This way, you have a more accurate idea of how much space you truly need in your next home. You’ll also know where that space needs to be.

For instance, perhaps you still have a lot of kitchen items but little clothing. You’ll want a home that has plenty of space in the kitchen but minimal closet space.

2. Get Detailed Measurements

When choosing your downsized home, always have a tape measure handy. Take detailed measurements of each room unless these details are already available.

Use these measurements to see whether your furniture would fit and how you would arrange it. If the home doesn’t fit your furniture, are you willing to sell and replace your furniture?

If you’ve already bought or leased the home, you can still put your measurements to use. Plan out how to arrange each room’s furniture in advance to make the move smoother. Be sure to consider essential layout rules in the process.

3. Make Everything Multifunctional

One of the top tricks to living in a small space is to rely on multifunctional pieces. For instance, furniture should also offer storage space or convert to other types of furniture.

The same goes for decor: storage can be stylish if you find the right items.

4. Consider Space Alternatives

After you’ve downsized your possessions, make sure you think about all your options. For instance, you might see that you have a lot of items you store in your basement. You’d assume your new home also needs a basement or a lot of storage space.

In reality, it may be cheaper to choose a home with little storage space and rent a self-storage unit instead.

The Best of Our Tips on Downsizing to a Smaller Home: Find the Right Real Estate Agent

Any time you move, your real estate agent will play a significant role in the process. If you’re downsizing, you need an agent who understands your priorities and respects them. Some agents may try to push you toward a larger house than you need, so they earn a higher commission.

Among all our tips on downsizing to a smaller home, the most important one is to select an agent who will uphold your best interests instead. For an agent, you can trust, reach out to our Utah realty team today.

Spring Cleaning Tips

You are probably quarantined at home right now, and maybe looking for activities to do to be occupied during this period. Coincidentally is Spring cleaning season too, since you have more time available, it is an excellent opportunity for cleaning, decluttering, and organizing your home. 

Here are 5  tips that will help you with Spring Cleaning:

1. Get your tools and supplies in order

Having all your tools in one place will make all the process of spring cleaning more manageable, you will save time running from one place to another, looking for the sponge or the multi-purpose cleaner. Some of the items you might need are paper towels, mop, vacuum cleaner, window cleaner, and all-purpose cleaner.

Did you run out of disinfectants? Looking for natural disinfectants? Here is a simple recipe using natural ingredients that you are likely to have at home that can be very handy.

Ingredients: 

  • 3/4 cup water
  • 3/4 cup rubbing alcohol
  • 5 to 10 drops of your favorite essential oil 
  • 1 squirt natural dish soap

Steps:

  1. Mix up all the ingredients into one spray bottle.  
  2. Shake it up before you use it and spray it onto the surface and wipe with a clean cloth. 

 

2. Make a do to list 

Focus in one space at a time, you can even separate your chores into different days of the week, for not feeling overwhelmed and pressured to finish everything in one day. You should prioritize the space that needs more attention.

 

  1. Monday: Kitchen – Clean the fridge, microwave, stove, and do a wipe-down of all the counters.
  2. Tuesday: Bathroom – Germs stay longer on a wet surface, so don’t forget to clean the taps, handles, knobs, mats, and the floor of the washroom.
  3. Wednesday: Bedroom – Wash your sheets, dust side tables, vacuum, and clear clutter.
  4. Thursday: Living Room – Dust and wash all mirrors, frames, and decorative items and vacuum all rugs and upholstery.
  5. Friday: Accessories – Organize your closet and clean your accessories from your watch, shoes to jewelry and sanitize them as much as possible before wearing them.

 

3.  Clean high-touch places where you often put on your hands

Cleaning and disinfecting high-touch surfaces is a step you should take, even if you aren’t leaving the house. Anytime items or people come in and out of your home, there is some possibility of exposure. It is essential that you take the time to clean these areas to get rid of any germs. Clean the door handles, stair rails, window sills, kitchen counters, toilets, and even your phone.

Every home is a little bit different, so think about the areas where your family and roommates spend the most time.

Here is our checklist of home maintenance you should be doing every spring 

 

4. Have fun while spring cleaning

You might not think cleaning is fun, but try to make the most out of it, get creative, put on your favorite playlist or listen to your favorite podcast, and get started with your chores. You can even set a timer for each playlist, so you know the amount of time it took to do each task. Play some spring cleaning games and set up a reward system whenever you achieve a goal. These will help things feel less tedious.  

5. Establish new routines

Now is an excellent time to establish new routines and cleaning habits. It won’t only be useful due to the COVID-19 pandemic, but because it will make the next spring cleaning way more manageable. Start with a simple routine, organizing your closet every week and cleaning your windows at least twice a month, try decluttering those clothes and accessories you no longer use and donate them if you can. This will help you to have your home beautiful and neat all year long.

Stay Home and Stay Safe!