5 Tips for When It’s Time to Remodel

 
 

If you're considering a remodel but need to know where to start, the first step is determining what needs fixing.

This can be tricky when you need to become an expert. But before you call in an expensive contractor, take a realistic look at your situation and the pros and cons of your options. The remodel will be easier if you can see what needs to be changed or fixed and know the options available to fulfill that need. Here are 5 tips for when it's time to remodel:

Define Your Needs
When considering a remodel, first determine what needs fixing or adding. If you have something that isn't working right, like a leaky roof or broken tile floor, fix it before you start an extensive remodel that could be used elsewhere in the house. Get the help of an expert who can tell you how much it would cost to repair the problem now versus after a total remodeling of your home. Remodeling your home is an expensive venture. Certain improvements are not worth the investment. Keep your eye on what you need to make a more informed decision about a remodel.

Plan for the Future
Before starting a remodel, consider how you want to live in your home five or ten years from now. How will your furniture and appliances fit into the new design? Will your dining room table fit into the new kitchen? It can be helpful to sketch out a plan for how you want everything positioned in your home so that you have an idea of what the house will look like at the end of construction. This can help minimize future changes and save money in the long run.

Get Estimates
The easiest way to ensure you're getting a good deal and that the contractors you hire are reliable is to get competitive estimates from two or three contractors that do quality work and are close to your home. Don't just look at the bottom line cost; make sure all estimates include the same materials and finishes so that you can compare apples to apples.

Compare Bids
Before choosing a contractor, compare the different bids made available to you. Look for contractors with a history of good work and references from satisfied customers. You want to hire someone who is reputable and reliable and will do a good job on your remodel at an affordable price.

Consider What's Important to You
During your remodel, you'll have to make many decisions affecting the final product. You may have to choose between a contractor who charges less but takes longer to complete the job and one who charges more but finishes in a shorter amount of time. You might also be asked to choose different materials for the countertops or cabinets, paint colors for the walls, or tiles for the floors.

Conclusion
If you want a remodeled house that fits your needs and budget, start by defining what needs fixing. Look at all the options and choose the best plan for your home, then compare estimates to get an idea of the total cost. In the end, make sure that you choose a contractor who does quality work and is reputable and reliable so that you can trust them to do a good job on your home remodel.

Get more tips on RIS Media.

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6 Paint Color Trends That Will Be Everywhere in 2023

 
 

Deciding on paint colors for your home can be overwhelming, especially if you’re looking to appeal to potential homebuyers.

You may love a bright purple guest bathroom, but such a bold shade might not make the best first impression.

We’ve all heard the boilerplate advice that home sellers should stick to bright white when choosing a paint color. It presents a neutral canvas for buyers to imagine their life in your home. But here’s the thing: There are many sophisticated—and trending—paint colors that can easily elevate any room and make buyers swoon.

If you’re looking to give your walls a fresh coat of paint in the new year, take a look at these expert-approved paint trends for 2023 that may also help you sell your home. From warming neutrals to navy blues, you might just meet your color match.

 
 

1. Warm green tones

If you’re someone who likes to incorporate color into your home, warm greens can get the job done while also adding character.

“Warm greens are welcoming colors that feel rich yet vibrant,” says Gena Kirk, vice president of Corporate Design Studio, at KB Home.

Kirk suggests choosing a green shade, such as Evergreens by Sherwin-Williams, to help create cozy areas that can be enhanced with lighting.

“We have seen an increased interest in greens in kitchen spaces as people look to move away from solid white and gray spaces,” Kirk says.

 
 

2. Neutrals

Neutral shades, which appeal to many, will remain a popular option for home sellers and owners in 2023.

It’s true that neutrals never go out of style, and warm neutrals are especially big right now. Instead of stark whites, people are opting for more creamy, earthy neutral tones.

“They provide a foundation that you can layer on, change seasonally, and update periodically,” says Kirk. “That blank canvas provides a backdrop for homebuyers to envision their own version of the space and how special mementos, heirlooms, and art might make it their own.”

Neutral walls are also easy for homebuyers to change.

If you’re looking for a go-to white, Kirk suggests Natural Linen by Sherwin-Williams. The darker Foothills by Sherwin-Williams works well for those looking to ease into a more colorful space.

 
 

3. Inventive gray hues

Gray shades will remain an approachable and popular paint option in 2023, says Devin Shaffer, lead interior designer at Decorilla.

“Clients have been bored with the shortlist of grays that builders and paint specialists default to,” says Shaffer. “Fortunately, more inventive hues continue to pop up.”

One such color is Rustic Greige by Dutch Boy, the paint company’s 2023 Color of the Year. Shaffer points out that this color has both true warm neutral undertones and cooler tones.

“This color is perfect for living spaces, entryways, and bedrooms,” says Shaffer. When used in an entryway, it can help set a welcoming tone. If used in the bedroom, it can evoke feelings of rest and repose.

“A large portion of our clients mention the words ‘sanctuary’ or ‘retreat’ when describing how they want their homes to feel,” says Shaffer.

Nature-inspired gray shades can help achieve this.

 
 

4. Navy blues

Try out navy blue paint if you’re looking to make a statement but don’t want to go too outside the box.

“Navy blue has been steadily increasing in popularity over the past few years and is expected to be a major color trend in 2023,” says Alex Capozzolo, co-founder of SD House Guys in San Diego.

Capozzolo explains that navy blue helps add depth, sophistication, and mystery to any room it’s used in. This can be appealing to potential homebuyers.

“Try using it as an accent wall, or pair it with lighter shades of blue for a more subtle effect,” says Capozzolo.

5. Understated reds

Carlin van Noppen, a professional interior designer and the owner of Fig Linens and Home in Westport, CT, shares that soft reds are making a massive comeback this year.

“Soft, understated reds add a splash of color while retaining the neutral feel of exposed brick,” van Noppen says. “This means that prospective buyers will be impressed with the put-together look of your space and be able to imagine themselves in it.”

If you’re looking for an inviting red tone for your space, give Boston Brick by Benjamin Moore a try. Known for its “versatile undertones and understated grandeur,” Boston Brick is one of Benjamin Moore’s bestselling colors.

 
 

6. Mustard yellows

Warm mustard-yellow tones add color to a room without feeling overpowering.

“Easy-to-work-with mustard tones can find their way into your home naturally,” says Robin DeCapua, owner and designer at Madison Modern Home, a home staging company based in Los Angeles.

DeCapua suggests Wild Wonder, a neutral Dijon yellow by Dulux, if you’re looking for a versatile yellow tone. Wild Wonder also happens to be the paint company’s 2023 Color of the Year.

“Keep in mind that darker walls dictate lighter furniture, so be sure to mix creamy whites with this color—not gray—as it truly has a warm base,” DeCapua notes.

Find more New Year trends on Realtor.com

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5 Reasons This Isn’t a Repeat of the 2008 Housing Crash

 
 

NAR Chief Economist Lawrence Yun draws the distinctions between today’s real estate market and that of more than a decade ago.

Many homeowners are still haunted by the 2008 housing crash when property values collapsed and foreclosures spiked. The memory of sudden catastrophe at a time when the real estate market had been riding high may help explain why 41% of Americans say they now fear a housing crash in the next year, according to a new survey from LendingTree.

Are their fears well-founded?

“It’s a valid question,” Lawrence Yun, chief economist for the National Association of REALTORS®, said Tuesday at NAR’s Real Estate Forecast Summit. “People are remembering the crushing and painful foreclosure crisis. So, it has become a key question: Will home prices crash after the strong run-up in prices across the country over recent years?”

At the virtual conference, where leading housing economists offered their 2023 forecast for the real estate market, Yun offered assurance that current dynamics are nothing like during the Great Recession. He pointed to several key indicators of how this market differs.

The labor market remains strong. In the last major housing downturn, there were 8 million job losses in a single year. Now there are virtually none. Though layoffs in the technology and mortgage industries are occurring, they haven’t accumulated enough to form a net job loss, Yun noted. A strong job market bodes well for housing’s future.

Less risky loans. Yun also noted the subprime loans that were prevalent during the 2008 housing bust are basically nonexistent today.

Underbuilding and inventory shortages. New-home construction prior to the 2008 crash was amounting to 7.65 million units annually. Today, it’s 4.6 million. Yun points to “a massive housing shortage” from a decade of underproduction in the housing market.

Delinquency lows. About 10% of all mortgage borrowers were delinquent on their loans in the previous housing bust. The mortgage delinquency rate is now at 3.6%, holding at historical lows, Yun said.

Ultra-low foreclosure rates. Homes in foreclosure reached a rate of 4.6% during the last housing crash as homeowners who saw their property values plunge walked away from their loans. Today, the percentage of homes in foreclosure is 0.6%—also at historical lows, Yun said. He predicted foreclosures to remain at historical lows in 2023.

Overall, the fundamentals don’t point to a housing market that is operating similarly to the 2008 cycle, Yun said. While home sales are slowing, prices remain up nearly 6% as of October sales numbers compared to a year ago. Also, inventory remains low, which will keep home prices elevated, Yun said. “The chance of a price crash is very small due to the lack of supply.”

Get more info here.

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Get Ready for the 20th Annual Penguin Plunge!

 
 

Penguin Plunge 2023 marks the 20th anniversary of this exhilarating start to the New Year!

Make plans to join us at Atlantic Beach, North Carolina on January 1st and ring in the new year with a splash while supporting these two charities!

Firstrungfund.org

The First Rung Foundation, also known as First Rung Partners, is a 501(c)3 private family foundation established in 2020 to provide entrepreneurs with funding to help launch a startup or accelerate an early stage business in eastern North Carolina, with a priority focus on Carteret County.

Our goal is to make this region more attractive to young entrepreneurs by providing micro-loans, coaching, and education so that new business owners can turn their passions into sustainable profits. We want to invest in your business to help you build your own ladder to success.

Backpackfriends.org

BackPack Friends provides nutritional meals and snacks to children who may need a little extra over the weekend. By supplying these bags, our goal is to assist in meeting their nutritional, mental, and overall well-being needs. We need your help!! The number of children in need is growing on a daily basis so we need your continued support. Now in our 12th year, BackPack Friends delivers over 800 backpacks of food to children in 22 schools throughout Carteret, Craven, Onslow, and Jones counties each week; all packed by caring volunteers with 100% donated food supplies at an annual cost of almost $288,000.

Learn more here.

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

The Smoke on the Water Bonfire is this Week!

 
 

The Town of Atlantic Beach’s Annual Smoke on the Water Bonfire will be held on Friday, December 30, at 6:00 p.m. on the beach at the Circle.

6:00 to 8:00 p.m.

The Circle

201 West Atlantic Blvd.

Enjoy a roaring fire and live music by Robert McDuffy. The Town will sell s’mores supplies and roasting sticks to be used at the small firepits adjacent to the bonfire.

Questions? Visit the website, contact Parks & Recreation Director Morgan Gilbert by calling 252-726-4456 or emailing events@atlanticbeach-nc.com

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.