Monday, January 5, 2015

My Top 5 Predictions on 2015 HouseTrends


Homeinteriordesigns.com

1.  McMansions will be McEmpty.  Large house sales will suffer from being on the market a long time.  Folks are leaning towards more cozy, low-maintenance digs.  Mile high windows,super ceilings, and sprawling lawns hold less appeal in 2015. Tiny house sales are on the rise!

2.  Humpty Dumpty Needs a Wall.  Open concept living is in for an adjustment.  I think we may see some walls going up and/or partitions installed around kitchens--or at least the prep space.  Let's face it, folks don't like seeing a messy kitchen. Open kitchens create stress.
Eric Davis - HGTV

3.  Dining Rooms are Dinosaurs.  Talk about your oxymoron, people are spending more time in their homes entertaining, but not around the dining room table.  Check out Craigslist and you will notice a zillion beautiful dining room sets offered for a steal.  Boomers are downsizing and millenniums are turning dining rooms into home offices or playrooms.
Northshorerealty
4. Re-lo-ing to the Burbs. The dive in gas prices is setting records. I think more folks are going to forget the pricey housing in the city and drive to the suburbs.

5. "Uber Think" Applies to Buying and Selling.  We are all familiar with the start-up car service Uber.  I predict that the Uber mentality is going to penetrate the real estate market.  I think 2015 may mean more buyers and sellers taking the cheapest route.  Realtor fees may be thwarted by more FSBO's (For Sale by Owner) or sellers using discount firms.  Legitimate stagers will be back-burnered for DIY stagers. Ouch!


11 comments:

  1. These all make perfect sense. Fun to read.

    ReplyDelete
  2. Those are some pretty strong predictions, Linda. I certainly hope your last one doesn't come true for you.

    ReplyDelete
    Replies
    1. You know me Heather--go big or go home. I think the last one has already started coming true. Anybody and everybody is calling themselves a stager now.

      Delete
  3. You're so smart. I'm sad to see the demise of the dining room. I absolutey love having a fancy pants dining room and refuse to let go of it.

    ReplyDelete
    Replies
    1. Oh Kim, I also adore a lovely dinner in a real dining room. I miss the days of china, silver, crystal and starched linens. Ooops, I AM a dinosaur!

      Delete
  4. Interesting predictions! I hope you're right about #1... I'd like to see less of those around here.

    ReplyDelete
    Replies
    1. Thanks for your thoughts Kristen. We have a glut of McMansions on the market. I think people are tired of living large.

      Delete
  5. Interesting observations. Right before I bought my very small house in 1992 I heard a real estate commentator say that McMansions would be dinosaurs within 20 years and no one would be able to sell them. They are still being built around here, though.

    I do take some issue with the statement "Legitimate stagers will be back-burnered for DIY stagers," although perhaps it is just one of syntax. Anyone who does the job well and doesn't rip someone off, pays applicable taxes and conforms to business regulations is "legitimate." Whether or not they are effective or talented is a different matter. And there certainly is nothing wrong with someone DIY staging their own home--my sister and I staged hers 25 years ago before anyone around here (including us) had even heard the term "staging" and I think we did a pretty good job. An experienced professional with a proven track record will do a better job than a novice but in my state stagers are neither licenced nor are degrees or certificates required to set up shop. People go with services such as Uber because they feel they are getting the required services for a cheaper rate. We'll have to see how well that model works translates to services that require more skill and talent.

    ReplyDelete
  6. Adele, perhaps I used the term "Legitimate Stagers" too loosely. My unexplained subtext is that when people are selling perhaps their greatest asset, they deserve to hire a professional, experienced stager who will help them get their house sold more quickly and for the most money. My sources (realtors, vendors, MLS, etc.) show that more and more houses are being staged in a sub-par manner. As with Uber, they are getting service for a cheaper rate; however it is a disservice to the seller because their house lingers on the market. But, the seller doesn't 'get it' because they had their house 'staged', albeit poorly. Yes, some DIY staging is a triumph! You would not believe the number of people that haven't a clue how to organize, declutter, choose paint colors, or decorate--much less stage their house. As always, dear Adele, I love hearing your feedback. Thank you.

    ReplyDelete
  7. Linda,
    I find that professional stagers are worth every single penny! A second set of eyes helps, but in no way can bring value like a pro. When selling your largest asset use every tool possible, and maximize the return on your investment! As far as McMansions, I love the idea of the estate! I can really relate to the expense of running the home. My rule of thumb is, if you can afford a house manager you can get a McMansion. If not....well, purchase something you can comfortably maintain.
    Sharon

    ReplyDelete