This real estate market will see almost 12% in appreciation

According to the latest VeroFORECAST, this MSA is projected to see 11.7% appreciation for single-family residences and 11% appreciation for condos and townhomes and its market remains one of the strongest markets in the country, with its extremely low 1.4-month supply of homes struggling to fill the demands of its growing population.
SoCal House of the Future Comes Equipped With a Drone Helipad

SoCal House of the Future Comes Equipped With a Drone Helipad

The Agency

When it was built in 1959, the Southern California house known as Starview was considered the house of the future. The midcentury exhibition home built by architect Jacob Tracht was considered a masterpiece of futuristic design.

These days, the Starview is still a masterpiece of futuristic design thanks to the efforts of Rick Perkins of Perkins Development Group.

The developer purchased the property in 2016 for $2,270,000 and transformed it into the home of the future … for today’s age. His dramatic renovation also comes with a distinctly 2018 price tag of $12 million.

Starview helipad

The Agency

Backyard

The Agency

We attended Starview’s launch party to see what went into this multimillion-dollar project

“The Starview has always been a dream for me,” Perkins said. “I wanted to find a home with a steep history of forward thinking and reimagine it. My team and I were able to transform it into a show palace of luxury, decadence, and environmental responsibility.”

How does going green mesh with decadence? Well, the home is able to function off the electrical grid, thanks to a series of solar panels on the roof that draw in energy and store it in Tesla batteries.

Though visionary the power system may be, it’s not the sexiest feature of the home.

That honor goes to the passenger drone helipad. You read that right. There’s a landing area for a passenger drone helicopter, which falls in line with a home for the future.

SureFly, a personal drone helicopter

Ali Leventhal (The Agency)

If you’re unfamiliar with the concept (which we were), the drone provided by SureFly is an octocopter (four arms, eight rotors) with an advanced autopilot system. In other words, the thing flies itself.

It’s as quiet as a car, and the rotors won’t ruin your ‘do. It features a two-hour flight time battery, can carry 552 pounds, and has an emergency ballistic parachute. It’s as close as we’ve come to a flying car and looks like the perfect vehicle of the future. However, the FAA hasn’t approved the drone yet and it’s illegal to land a helicopter in this tony neighborhood.

Perkins believes the rules will change over the next couple of years. He’s prepared for cities to accommodate anticipated services, including Amazon drone delivery and Uber’s proposed aircraft on-demand project, Elevate.

SureFly octocopter on its helipad

Ali Leventhal (The Agency)

Even if you don’t want to shell out $200,000 for a SureFly of your own, the developer thinks you’ll be able to summon an Uber aircraft to land in your backyard someday. Perkins himself is on the SureFly waiting list, ready to enjoy a 9-minute commute from his work in Brentwood to his home in Burbank.

The rest of the house of the future is equally stylish and extremely livable.

Perkins expanded the interior living space from 4,517 square feet to 8,059. He added a third-floor master suite on top, and an entire lower level below the original home. With the home situated on the side of a hill, all the additions have the same spectacular views of the city, ocean, and iconic Getty Center.

The deck extends out over the new lower level.

Ali Leventhal (The Agency)

The home now has six en suite bedrooms and 7.5 well-appointed bathrooms. Two of those bedrooms are master suites, both with walk-in closets measuring approximately 250 square feet.

Before: master suite

realtor.com

After: master suite

Ali Leventhal (The Agency)

Before: bathroom

realtor.com

After: bathroom

Ali Leventhal (The Agency)

There’s a main-floor great room with an open, modern kitchen featuring an enormous island. We also loved the open-air atrium on the main floor.

New kitchen

Ali Leventhal (The Agency)

Dining room and atrium

The Agency

The new downstairs level features a game room, media room, gallery, and gym with bathroom featuring an infrared light sauna.

Gym

Ali Leventhal (The Agency)

Gallery

Ali Leventhal (The Agency)

The attached three-car garage now features a car-lift, so you can store your fanciest wheels underground—away from prying eyes.

Garage with car-lift

Ali Leventhal (The Agency)

Perkins also rebuilt the pool and gave it a Baja shelf. The outdoor decks offer plenty of room to entertain, and the helipad doubles as a viewing deck when no drone is perched there.

New pool

Ali Leventhal (The Agency)

Naturally, this home of the future is fully automated, allowing the homeowner to control the lights, audio, room temperature, doors, and a 28-foot glass wall that opens up the main living area to the pool deck with an iPad.

“Whomever purchases this home will be light-years ahead in terms of home technology and off-the-grid sensibilities,” says Perkins.

Listing broker Billy Rose, founder and president of The Agency, agrees.

“Rick Perkins and his team have created the home of the future with their Starview masterpiece,” Rose says. “This property is arguably one of the most exciting new homes developed in Los Angeles.”

Builder Rick Perkins and broker Billy Rose

Ali Leventhal (The Agency)

After sitting in the SureFly and the sauna, enjoying the views, watching that car-lift in action, and enjoying all the lights and music powered by the Tesla batteries, we have to admit he has a point.

The post SoCal House of the Future Comes Equipped With a Drone Helipad appeared first on Real Estate News & Insights | realtor.com®.

Time to Face the Most Terrifying Place in Your Whole House

Time to Face the Most Terrifying Place in Your Whole House

Epifantsev/iStock; realtor.com

Do you feel strong enough to face the most terrifying place in your house? Cue the spooky music and let the horror begin: a roll of dusty electrical tape. A handful of stained, forgotten coffee-shop punch cards. Years-old plastic trinkets from the kids’ arcade. And paper clips! Soooo many sticky, bent paper clips…

We’re talking about your junk drawer. Every home has one, or three. No judgment! In fact, as proof, we pulled out three doozies from the depths of Instagram to prove that you’re not alone … and that, like snowflakes, all junk drawers are different!

And, not to leave you in the lurch, we also want to show you that there’s hope. Whatever junk drawer problem you’ve got, rest assured, it can be tamed into submission. We asked some organizational experts to reveal how it’s done so you, too, can face the abyss and come out alive.

Junk drawer: Before

junk drawer
A junk drawer is a puzzling place for an umbrella.

easybreezycreative/Instagram

Junk drawer: After

junk drawer
Bye-bye, umbrella!

easybreezycreative/Instargram

How to get there

For starters, take comfort in the fact that a messy junk drawer isn’t a personality flaw, but rather a logistical problem that can be solved.

“A junk drawer is typically a collection of ‘I need this handy,’ ‘I don’t know where to put this,’ and ‘This drawer is closer than where I usually keep this,’” says Amy Tokos, a certified professional organizer and productivity consultant in Omaha, NB. “Because it’s a collection of all these items, it gets messy.”

Knowing why items are in the drawer can help determine what to do with them.

  • Analyze your items. “Figure out what the obstacles are for getting items put away, then remove those obstacles,” says Tokos. For example, let’s talk about that out-of-place leopard-print umbrella. “Why did that end up in the drawer?” asks Tokos. “My inclination would be to keep it near a door to grab on the way out. What prevented it from going to that spot?” Is it because you have an overstuffed coat closet you don’t want to open? Cleaning out that problem area might help your junk drawer issue.
  • Pack your junk drawer with stuff you use often. Pens, paper clips, tape? If you use it often, then it has a right to stay in your junk drawer. But if not, it should go elsewhere. Purge your drawer of miscellaneous home items you don’t reach for regularly. “You can keep them all together in a container on a shelf,” Tokos says.

 

Junk drawer: Before

messy junk drawer
Clearly, two containers isn’t enough.

Lori Cela/Time4Organizing

Junk drawer: After

organized junk drawer
So much better!

time4organizing/Instagram

How to get there

First, pull out everything—that way, rather than rearrange things, you can truly take stock and get rid of all broken items and random, useless things like a piece of a puzzle you no longer have or a key to nothing. “This is where you can make the most impact, so be ruthless,” says Lori Cela, owner of Time 4 Organizing in Columbus, OH.

  • Rehome items you don’t want to part with. “Set aside items that won’t be discarded but either belong elsewhere or need new homes,” Cela says. For instance, that lunch menu went into a kids’ container on the kitchen counter that houses all school papers.
  • Don’t skimp on containers. Before you put stuff back in, make sure you’ve got plenty of containers. You simply can’t tame a junk drawer without them. “Without dividers or containers, anything you put in the drawer will spread,” says Tokos.
  • Specialize your drawers. Random electronics should ideally go into a totally new “tech drawer” just for chargers and tech-related items.

 

Junk drawer: Before

disorganized junk drawer.
Grab that Advil; this junk drawer is giving us a headache.

Lori Cela/Time4Organizing

Junk drawer: After

junk drawer transformation
OMG. Go ahead. Look all you want.

Lori Cela/Time4Organizing

How to get there

Nothing wrong with storing Neosporin in your drawer, but you probably don’t need all those tubes, especially if they’ve expired. “Realize how much you have [of all items] and if quantity is the issue,” advises Cela.

  • Place backups elsewhere. If you don’t need backups handy, store them elsewhere until it’s time to replenish.
  • Measure your drawers before you buy organizers. “There are so many choices out there,” says Cela. “Find the proper ones [you need] to maximize storage and so they’re not rolling around later and making a mess.”
  • Be strategic. When you start to place items back into the drawer, put items you’ll use the most in the front and put less-needed stuff in the back.

 

How to keep your junk drawer from coming back to haunt you

Because you know it’ll try.

“It’s hard to break habits, especially if you have multiple people sharing a space,” acknowledges Tokos.

Make sure you let everyone in your household know where you rehomed items—and that they should always return them there. And, failing that, “A monthly cleanout is helpful for maintaining,” says Tokos.

The post Time to Face the Most Terrifying Place in Your Whole House appeared first on Real Estate News & Insights | realtor.com®.

Should Home Buyers and Sellers Google Each Other?

Should Home Buyers and Sellers Google Each Other?

fizkes/iStock

We Google that new restaurant down the block, that handyman we’re thinking of hiring, and certainly our prospective dates. These days, we don’t think twice about Googling virtually everyone we meet. So it stands to reason that if you’re hoping to buy a home, you’d Google the seller—or, if you’re selling, that you’d Google your prospective buyer, right?

Well, maybe … or maybe not.

As tempting as it may be to gather Internet intel on the person who’ll be sitting across from you at the closing table, this practice has its good and bad points. Here are the pros, cons, and pitfalls to watch out for when Googling a home buyer or seller.

Why home buyers should Google sellers

Knowledge is power, and the information you can find through public records or social profiles can give you a negotiating edge, says Bruce Ailion, a real estate agent and attorney at Re/Max Town and Country in Atlanta.

For example, you might find out that the buyer just got married or earned a major promotion, or that the sellers are going through a divorce or itching to move to another house they have already bought. Maybe they already have children in the school system or are jonesing for a shorter commute. Any of this background could clue you in to a buyer’s or seller’s pain points, timeline, or financial realities.

What to watch out for: Don’t automatically believe everything you read on social media. We know, it’s hard not to, but that can backfire, says Flavia Berys, real estate broker and attorney with DLA Piper in San Diego: “You can make a lot of guesses based on what you find in social media, but a lot of those guesses might be wrong.”

Let’s say you find out the seller is getting a divorce; you assume that means they’re desperate to sell, so you can totally lowball them, right? Wrong. What if they are independently wealthy and not in a hurry? Or, what if another non-nosy buyer who doesn’t know about the potential divorce offers market value, leaving your bid looking paltry by comparison?

A lot of what you find online would be relevant if, say, you were interviewing someone for a job or considering dating them, but between sellers and buyers, there are few things on social media and web searches that will be pertinent to the home-buying process, Berys says.

Why home sellers should Google buyers

Odds are, you want to leave your house in good hands, right? And if you like your neighbors, you’ll want to find someone nice for them to live next to, rather than saddling them with a new neighbor who loves to host his heavy metal band for late-night practice.

“If you’re a seller with multiple attractive offers, you might tell yourself that you’ll feel more comfortable with the transaction by poking around on Facebook, Instagram, or LinkedIn to see what you can find out about the various potential buyers,” notes Scott Reidenbach, founding principal of Reidenbach & Associates in Wayne, PA.

What to watch out for: It’s a bit of a gray area, but making a decision about a prospective buyer based on social media “research” may get close to the line of discrimination, warns Reidenbach. “The buyer’s alma mater, vacation habits, club affiliations, or employment with a rival company,” he says, are “immaterial to whether they have met all of their contractual obligations, and should not be a reason to decide not to accept an offer on your house.”

Buyers and renters are protected by the federal Fair Housing Act, which prohibits discrimination based on race, color, national origin, religion, sex, disability, or the presence of children.

Granted, discrimination would be exceedingly difficult to prove, says Jeff Rohde, president and designated broker at J. Scott & Company in Phoenix. But it’s a consideration.

Let’s say you’re selling in a closely knit condominium community, and the other owners do not want X as a neighbor. “They might decide to work together to ‘protect’ their association, investments, etc. — however they rationalize their actions — and a pattern might emerge,” Rohde says. And that’s illegal.

Bottom line? Look your best online

All this Google talk might have gotten you thinking about how you can use your online footprint to boost your own appeal as a buyer or seller. The golden rule? The less you say the better.

Scrubbing your social media pages of any information that could be used against you in negotiations is a good idea, says real estate agent Liane Jamason of Smith & Associates Real Estate in St. Petersburg, FL. So don’t vent about what a hassle it is to have your house on the market, or mention how desperate you are to buy in a certain school district. As is the case with all info you share online, what you say can—and will—be used against you!

The post Should Home Buyers and Sellers Google Each Other? appeared first on Real Estate News & Insights | realtor.com®.