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Retirees Turning to Custom Homes to Get the Right Space

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

As people reach retirement, their current house may simply be too big for their needs. Paying large utility bills, maintenance costs and property taxes for an older home on a large lot can often drain nest eggs and retirement funds. During a time when you have a lower income and too much house, there may come a time when downsizing to a smaller home will fit better into one’s lifestyle and budget.

Retiring to a Custom Home
When you hear about a retiree downsizing to a smaller place, most people think that the person will be packing up and moving into an apartment in a senior community or a mother-in-law suite in their adult children’s homes. Yet many retirees still want their freedom to come and go as they please in their own place. Purchasing a smaller home then becomes the ideal option.

One interesting trend is that retirees are looking to custom build a new home that is smaller in size. The retiree may be at a unique advantage of having the financial independence to cover the costs of home construction without straining their retirement funds. At this point of time in their retirement years, most retirees have already paid off the mortgage for their other home as they now own the house outright. With the home value having appreciated, they can now ask for a higher sales price that can cover the land purchase and all the home construction expenses.

Building a Home Tailored to Health Needs
Another advantage to having a custom home built is that it can be designed to current medical conditions or physical restrictions. You can work with builders and architects to design the home so that it can make your daily life easier as you grow older. The custom build may have wider first-floor spaces and hallways to accommodate mobility devices. There can be outdoor ramps by front entrances for wheelchairs and walkers, as well as lower kitchen cabinets so you can get items without having to stretch to reach higher shelves. In addition, bathrooms can be designed for retirees with physical disabilities who may have problems using the shower, tub or toilet.

You can have more flexibility when having a smaller home built with adaptable features. The custom home can be later modified for different life stages without having to deal with costly renovations later on that can be a major disruption to your daily life.

Custom Home Offering Less Maintenance Hassles
During retirement, retirees often don’t want to deal with major maintenance and repairs that are associated with larger, older homes. Even downsizing to a smaller, existing home can lead to stress as there may be significant issues with the existing house that will need to be dealt with before moving in.

By having a custom home built at a smaller size, buyers will know that everything in the house is new. They will have new wiring, plumbing, mechanical systems, appliances, a roof, a foundation and other aspects. Even if something should break during those first few months, builders normally provide a builder warranty that will cover defects and provide repairs.

Downsizing to Your Custom Dream Home
Downsizing to a custom home has many advantages. Buyers can have the home built at a chosen destination that offers everything they could possibly need during their retirement years.

It helps to perform comprehensive research regarding the real estate market when purchasing land at another location. Also, researching building plans and contractors can make the difference in purchasing a custom home built with superior craftsmanship. A real estate agent’s help can be just what buyers need to find a new place that is specifically designed for their golden years.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Retirees Turning to Custom Homes to Get the Right Space appeared first on RISMedia.

5 Cities Millennials Are Flocking To

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

There are several places in the U.S. where millennials can be found due to the high employment rates and beautiful settings. For adults who are in their 20s and 30s, there are several places where it’s smart to invest. When you’re looking to move, these are a few cities that millennials are flocking to throughout the country.

Salt Lake City, Utah

 

The high job growth in Salt Lake City makes it a desirable place for young adults to live as they look to obtain steady employment. The city is affordable to live in and has a median home price of $233,000 with job growth of 2.4 percent. Salt Lake City also has a lower unemployment rate compared to other markets throughout the U.S. with 2.9 percent, which is below the national average by a few points.

Seattle, Wash.

Pike Place - Public Market in Seattle

Seattle is considered to be a hot spot for millennials, which make up 24.1 percent of the population. Its busy nightlife scene and generous median incomes of $67,000 make it an ideal place to live for younger generations. It also boasts a job growth rate of 10.8 percent. The beautiful views of the water and the long list of activities and attractions in the area are additional reasons that many millennials relocate to the city.

Austin, Texas

 

Millennials are drawn to Austin for its real estate market, which includes homes that have a median price of $226,000. The job growth is also 4.2 percent, and it’s the second-top city in the country for the number of jobs that are becoming available. Some of the top companies that are run out of Austin include Dell, Apple and Google, making it known as “Silicon Hills.” The average median income is also $58,932, which allows many young adults to afford to purchase their first home.

There’s also a strong emphasis on environmental sustainability, making the city desirable for millennials who make green practices a priority. Austin is also known for selling more renewable energy than other nations.

Charlotte, N.C.

Charlotte is one of the best places to live in North Carolina with 14 percent of the population between the ages of 25 and 34. Many of the youth are post-college graduates who have relocated to the city to seek employment and purchase a home in a neighborhood that has a suburban family profile. The draw of millennials is also causing many companies to relocate their headquarters to Charlotte in hopes of hiring talented employees.

Dallas, Texas

 

Dallas continues to grow each year and attract young out-of-towners due to its job growth rate of 3.9 percent and median home price of $175,000. The big city boasts plenty of shopping opportunities and attractions for those who want to stay busy without spending a lot to live close to the downtown area. The city hasn’t attempted to control ride-sharing, and many places are also easy to access by walking. There are also neighboring cities that are affordable to live in for those who don’t mind commuting to work.

For the latest real estate news and trends, bookmark RISMedia.com.

The post 5 Cities Millennials Are Flocking To appeared first on RISMedia.

Report: Proximity to Family Drives Housing Decisions for Households With Children

Many upper-middle class households with young children are caught between an inability to afford childcare and an inability to sustain on one less income with a stay-at-home parent—a predicament that has a driving force on their housing decisions.

According to the Zillow Housing Aspirations Report (ZHAR), many upper-middle class households choose to put down roots close to relatives who can provide childcare, even more so than low-income households. Roughly one-quarter of upper-middle class household members surveyed for the report, as well, cite “proximity to family” as an influencer on their choice about where to live.

Low-income households do, however, struggle with childcare costs in pricey housing markets, such as San Francisco, Calif. Thirty-three percent of those surveyed overall depend on relatives for childcare.

Most households with young children are being pinched by a combination of higher housing costs and standstill income growth.

“Housing costs and childcare are among the two largest budget items for working families, costing as much $43,000 a year in urban areas and over $34,000 a year in the suburbs,” says Dr. Svenja Gudell, chief economist at Zillow. “While many Americans are tied to the places they live for a variety of personal and financial reasons, it’s necessary for some households to live near family in order to make ends meet. Sometimes extended family might move together to provide childcare, or grandparents might even follow their children when they move to a new city to help care for their grandkids.”

For more information, please visit www.zillow.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Report: Proximity to Family Drives Housing Decisions for Households With Children appeared first on RISMedia.

7 Gadgets From ‘The Jetsons’ That Have Become a Reality

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

If you were around during either run of “The Jetsons”—first in 1962 and again in 1985—you may have watched the show and wondered if the technology the futuristic family used would ever become a reality. In fact, quite a few of the gadgets used on the show have become commonplace in real life. From robotic maids to video chatting, here’s a look at how the future predicted by “The Jetsons” has become the present, and how you can get in on it today.

  1. Robot Vacuums
    The Jetsons had robotic helpers that took care of all sorts of daily tasks around the house. Rosie, the family’s robot maid, was always working to keep their home in tip-top shape. While we may not be quite at the Rosie level with our robots, little helpers like the Roomba from iRobot can get you pretty close.

Roomba will take care of the vacuuming for you. It may still need some maintenance—like emptying dust bins or making sure the floor is clear so it can do its job—but if you hate vacuuming, this little guy is going to be your best friend. These types of home automation devices promise to free up tons of time for more important activities in your day-to-day lives.

  1. Smartwatches
    Way back when Steve Jobs was just a boy, the Jetsons had little square watches they would watch TV on. While the Apple Watch doesn’t have the ability to stream television—yet—it does bear a striking resemblance to the gadget the Jetsons used almost 50 years before the Apple Watch was unveiled.

Even if you can’t catch up on your Netflix queue, today’s smartwatches have a lot of futuristic capabilities. You can take calls, set reminders, check sports scores, see weather forecasts, and do other tasks right on your wrist.

  1. Video Calls
    Another technological capability that probably seemed far-fetched at the time “The Jetsons” aired was video chatting. The characters would call each other up and communicate as if they were face-to-face. These days, apps like FaceTime and Skype make it as easy as tapping a contact name.

Of all the advances in technology that have accompanied the smartphone craze, video chatting might be the most life changing. Grandparents can see their grandkids from thousands of miles away at any time. Soldiers can chat with their spouses and children from across the ocean. The impact this tech has had on families can’t be overstated.

  1. Talking Tech
    In “The Jetsons,” George was woken up each day by a talking alarm clock built into his bed. After being rudely startled awake, he could silence the alarm with his own voice—usually an angry grunt or groan.

If you want the talking alarm clock experience, plenty of options are available. Smartphone apps like the Rock Clock allow you to rise every morning to Dwayne Johnson’s soothing vocals, while dedicated alarm clocks that talk to you are available for the old-school consumer.

It isn’t just alarms that talk, though. It’s possible to have anything on your screen read to you using accessibility tech like screen readers, and digital assistants like Siri and Alexa will not only speak info to you, but also have actual conversations with you.

  1. Flat-Screen TVs
    At a time when many TVs were still black and white and all of them were thick and bulky with tiny screens, “The Jetsons” featured flat-screen TVs with huge screens that lowered from the ceiling. In the ’60s, this would have been unthinkable.

Today’s televisions are ultra-thin and often very light with huge screens and ridiculously high resolutions. LG unveiled a model at CES this year that is less than 2.6 millimeters thick and weighs only 17 pounds—and it’s a 65-inch display!

TVs that retract into the ceiling are also a thing. Companies like Nexus 21 can install a TV concealment system that makes it impossible to tell anything is there until you’re ready to watch, keeping your walls and living space open until show time.

  1. Drones
    The Jetson kids were dropped off at school each day by robotic drones—a far cry from the school buses most of us grew up with. While we are still a long way off from personal drones to chauffeur us around, the technology is advancing rapidly, and drones are being used for a variety of purposes.

Consumer-oriented drones are basically futuristic RC cars, and military drones fly combat missions while keeping our troops out of harm’s way. Even Amazon’s delivery drones can have an order to your doorstep in less than 30 minutes. Self-driving cars are also coming along nicely, so it might not be long before these technologies converge to bring us our very own Jetsons-style transport pods.

  1. Pill Cameras
    A piece of technology that’s easy to miss both on “The Jetsons” and in everyday life is the PillCam. On the show, George swallows a little robot that travels around his body and performs a checkup. If you’ve had any sort of digestive issues in the last several years, the chances are good you may have swallowed a very similar device.

The PillCam is exactly what it sounds like—a camera in a pill-shaped case that you swallow. It can be a little hard to choke down due to the size, but once swallowed, the camera goes to work, imaging your digestive tract and transmitting the info to a receiver. This helps diagnose a variety of illnesses, like Crohn’s disease, and helps the patient avoid a much more elaborate and invasive endoscopy procedure.

“The Jetsons” first aired in 1962, and, 50 years later, the show’s futuristic vision of life has very nearly become a reality. What do you think our homes and lives will be like in another 50 years?

For the latest real estate news and trends, bookmark RISMedia.com.

The post 7 Gadgets From ‘The Jetsons’ That Have Become a Reality appeared first on RISMedia.

© 2017 Central Susquehanna Valley Board of REALTORS® All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Real estate listings held by brokerage firms other than CENTURY 21 Covered Bridges Realty, Inc. are marked with the BR logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on 2017-06-23.

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