As Featured in West + Main Home Magazine: No construction necessary!

 

New furniture, artwork and a bold rug bring new life to this Oklahoma family's living area.

We updated our living room by adding more color, texture, and vintage finds,” said West + Main agent and homeowner Angela Cheatwood. “Once we were done, our space had more color and personality. It’s much more us!
— Angela Cheatwood

"On a recent trip to Jackson, WY I walked past a store called Mountain Dandy every day," said Angela.  "I loved the mix of new and vintage, the gallery walls, and the cozy textures. I knew it was time to revamp our living space."

"As soon as we moved into our home, we knew our couch wasn’t right for the space so I started there," explained Angela. "After weeks of searching we found the right furniture and moved on to the rug. I wanted something to add color and character while also tying in our green kitchen. It was a difficult search, but I’m glad I was patient! Our rug really makes the room."

To add even more color, I used photos from our family trips and frames and artwork I already had around the house,” said Angela. “Not only did it really change the space, but now all of our wonderful memories are on display. We added the mantle for more warmth and the storage cabinet because of our 3 children. The finishing piece is a one-of-a-kind, vintage store poster from Lawton,Oklahoma. I really tried to use what we had already and find budget items for our extras.
— Angela Cheatwood

"Since we had to buy new furniture the majority of our budget went there. We did shop around online and found a great couch on sale!" said Angela. “Our kids LOVED the revamp. They were really excited to have a movie night and were big fans of all the color we added! My favorite part about our project is that our home feels more like us! It has personality now. I love getting home after a long day and enjoying time with our family and friends in this space.”

Materials + Source:

Furniture: West Elm

Rug: Randi’s Rugs

Pillows: Target, World Market, H&M home

Ski Blanket: Made Jackson

Storage cabinet and Mantle: Home Depot

Labor Cost Or DIY: We added the mantle and revamped our entry cabinet. $200


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Just Listed: Edmond Home with Open Floorplan

 
 
 

Practically new in The Grove!

Situated in a quiet cul-de-sac, this 3 bedroom home plus a study is picture perfect. The open kitchen and living are perfect for entertaining. Located on the opposite side of the home from the 2 secondary bedrooms, the large owner’s suite features an oversized closet, double vanity, soaker tub, and separate shower. The study off the living room is currently used as a beauty room, but would make a perfect office or rec room. The Grove offers many amenities, including 2 pools and clubhouses, fitness center, parks, basketball court, and much more! With great access to the city and Deer Creek school system, this is the perfect location. Schedule your tour today!

Listed by Shonda Mobley for West + Main Homes. Please contact Shonda for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmainok.com

Presented by:
Shonda Spencer
(405) 625-7065
shonda@westandmainok.com


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How does living near a grocery store affect home values?

 
 

Just as homebuyers might consider the school system and local amenities in a town they’re thinking about moving to, it might be time to add add ‘proximity to the nearest grocery store’ as something that can increase their home’s value over time, a new report indicates.

ATTOM’s latest 2022 Grocery Store Wars Analysis shows grocery stores might increase a home’s value based on home-price appreciation and home equity, or also as an investor looking for the best home-flipping returns and home-seller ROI.

The study looked at current average home values, 5-year home price appreciation for YTD 2022 vs. YTD 2017, current average home equity, home seller profits, and home flipping rates in U.S. zip codes with at least one Whole Foods store, one Trader Joe’s store and one ALDI store.

Key highlights:

  • Trader Joe’s wins out when it comes to average home value for nearby homes, with $987,923. Whole Foods follows up with $891,416, and then ALDI with $321,116.

  • Not only does Trader Joe’s lead the pack for home values, but it also takes the lead in home equity with homeowners earning an average of 50% ($520,842) equity, compared to Whole Foods at 45% ($433,311) and ALDI at 38% ($132,643).

  • ALDI won at 5-year home price appreciation with 58%, while Trader Joe’s saw 49% and Whole Foods saw 45%.

  • Properties near an ALDI are ripe for investors, with an average gross flipping ROI of 54%, compared to Whole Foods with 28% and Trader Joe’s with 25%.

  • ALDI again wins at average home seller ROI with 61%, while Trader Joe’s sits at 58%, and 51% for Whole Foods.

Major takeaway:

“Smart homebuyers might want to consider where they’ll do their grocery shopping when they’re shopping for a new home.” said Rick Sharga, executive vice president of market intelligence at ATTOM. “It turns out that being located near grocery stores isn’t only a matter of convenience for homeowners but can have a significant impact on equity and home values as well. And that impact can vary pretty widely depending on which grocery store is in the neighborhood.”

Get the full report on RISMedia.

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5 Trending Kitchen Looks To Inspire Your Next Home Design Project

 
 

The holiday season brings with it a finer appreciation for the kitchen. It’s a place where loved ones gather, cocktails are mixed, and good meals are made (and hopefully not burned).

But the seasonal spotlight on this space can also draw attention to its flaws—and inspire you to improve your kitchen’s form and function.

For this week’s trending Instagram decor, we thought it would be fun to feast our eyes on impeccably designed kitchens and bookmark the ones that are particularly noteworthy. Here are five such looks we encourage you to emulate to make your kitchen the most beloved—if not most used—room in your home.

1. Light gray cabinetry

One of our favorite kitchen design choices trending right now is ethereal light gray cabinetry, similar to these cabinets from @chelseahargraveinteriors.

“Light gray cabinets are the perfect alternative to white and pair well with wood flooring or other wood accents,” says designer Susan Serra. “A soft gray shade in cabinetry is compatible with an endless array of accent colors for the kitchen.”

2. Branchy bouquets

Simple it may be, a branchy bouquet like this one from @melvanddesign adds just the right amount of natural romance to an otherwise bare space.

“A wonderful way to add texture, a dramatic branch bouquet is an element that evokes the beauty of nature in a simplistic form,” says Serra. “This is a popular design accent since it costs nothing to do a little foraging in the woods and spot an interesting branch to display. It’s easy to change the look to a different type of branch or even a collection of branches.”

3. Antique island

In the spirit of blending old with new, this antique island seen on the account @home_decor_daily answers the call perfectly.

“We are seeing a trend toward antiques again,” says designer Jennifer Davis, of Davis Interiors. “I think people are getting tired of the white Instagram kitchen they have seen 1,000 times. Antique pieces allow for originality, and they also have a broken-in look, which feels warm and inviting.”’

4. Hearth oven

Another way to embrace nostalgia in the kitchen is to install some old-fashioned flare in an unused corner. We can’t get over how charming this hearth oven looks in an otherwise modern kitchen featured by @amystormandco.

“Hearth ovens are in demand for their beauty and functionality,” says Serra. “It adds a strong architectural design element to the kitchen, and cooking pizza, baked goods, and other specialty foods in a hearth oven will keep things interesting.”

5. Industrial-style bar stools

Speaking of architectural design, these industrial-style bar stools shared by @carriedelanyinteriors (and designed by @nicolegreendesignhouse) are giving us all the nostalgic old-world vibes that we crave this time of year.

“Mixing hard and soft in design is very popular right now,” says Davis. “Industrial stools give an edge to an otherwise classic kitchen, and the mix of elements and styles gives life to your design.”

Keep reading.

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Here’s why new home sales are up along with prices

 
 

This data line needs serious context to make sense.

Today new home sales beat estimates, and new home median sales prices hit an all-time high. What is going on here? My job is always to be the detective, not the troll so let’s take a look at today’s data, as there is a constant theme here that I have talked about for some time. Hopefully, I can make sense of this report, which showed the home sales beat estimates with prices still at all-time highs.

From Census: New Home Sales Sales of new single-family houses in October 2022 were at a seasonally adjusted annual rate of 632,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 7.5 percent (±20.8 percent)* above the revised September rate of 588,000, but is 5.8 percent (±19.6 percent)* below the October 2021 estimate of 671,000

New home sales haven’t gone anywhere for a few months now, and this report also had negative revisions to the prior reports. The cancellation rates are rising, this is true, but the Census reports don’t properly account for those sales being lost. In theory, the sales levels are lower than the data will show.

Also, these reports are very wild month to month, so we can get a swing back lower in next month’s report. However, with all that said, new home sales are historically low today and have been for some time. We are well below the 2000 recession level and back to 1996 levels.

When you account for a population of over 330 million people, that sales number looks a lot lower than in 2000 and 1996 so be mindful that we are trending at low levels today.

 
 

While the actual sales trends can be more downward than the report shows, it’s not off by a significant amount. We are, for now, bouncing off the bottom that we had back in 2018, which was historically low as well.

In 2005, when the housing bubble peaked in sales at around 1.4 million, we had a clear, aggressive downtrend in sales with cancellation rates rising aggressively. Today we are finding a low base for now, because new home sales are historically low. 

 
 

I would be careful reading too much into this report or even the current trend. The housing market has been in a recession since June of this year, and we have other data lines that can be more useful in gauging the new home sales sector.

From Census: For Sale Inventory and Months’ Supply The seasonally adjusted estimate of new houses for sale at the end of October was 470,000. This represents a supply of 8.9 months at the current sales rate.

My rule of thumb for anticipating builder behavior is based on the three-month supply average. This also has nothing to do with the existing home sales market; this monthly supply data is only for the new home sales market.

  • When supply is 4.3 months, and below, this is an excellent market for builders.

  • When supply is 4.4 to 6.4 months, this is an OK market for the builders. They will build as long as new home sales are growing.

  • The builders will pull back on construction when the supply is 6.5 months and above.

Read the full article on Housing Wire.

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