10 Reasons to Buy a New Home

With the house market in full recovery, and home inventory tightening up nationwide, you as a home buyer have a very significant choice to make when deciding the type of home that you would like to buy.  Location is always important, and price is normally a deciding factor, but there is one other huge consideration you should make when purchasing your home – choosing to buy a new home vs. buying an existing home.  Below are 10 reasons to buy a new home vs. an existing one.

1. Tax Benefits:  Each month as a renter, you spend about the same amount of money as a mortgage and get none of the benefits while your landlord pockets your rent, increases equity, and writes of property tax costs.  As an owner of a new home, you will receive all of the tax benefits of owning your own home PLUS, if you have savings from a retirement IRA account, you can pull out $10,000 from this account – tax free – as long as the money is used for a down payment on your home, and you are a first time home buyer.

2. New Home Warranty: Buying a new home vs. buying an existing home gets you brand new everything – windows, doors, paint job, carpet, appliances, and all of your lighting and trim.  When you buy an existing home, you may have the unwanted chore of constantly replacing worn out parts of your home.  Also, your new home comes with a 1, 2, 5 warranty per Louisiana law which protects the home in its entirety the 1st year, all major structural components for 2 years, and framing and infrastructure for 5 years.

3. Repairs and Maintenance: In addition to replacing components, existing homes come built-in with a honey-do list.  You could be repainting the interior and exterior, upgrading / renovating the kitchen cabinets and countertops, and replacing door knobs, hinges, and other pieces and parts of the home.  With a new home, you don’t even have to worry about things falling apart for a few years at least if you have purchased a quality-built home in St. Tammany Parish.

4. Energy Efficiency: Green building has become standard for many home builders in St. Tammany Parish, and Ron Lee Homes is a Certified Green Builder by the National Association of Home Builders.  By installing all green building features, you will not only get the benefit of owning a brand new home, but you will save money in the long run with lower energy bill as well as the environmental satisfaction of reducing greenhouse gases.  With previously owned homes, especially homes older than 1980, you will be dealing with less efficient home openings, insulation, and HVAC systems which will increase the cost of heating and cooling your home.

5. Smarter, Safer, Well-Built: New systems installed in new homes now come with smarter and better working fire alarms, security systems, and smoke detectors.  There is even certain types of primer boards, plywood, and sheetrock that is fire resistant to withstand a fire event.

6. Credit and Financing: Buying a new home allows your mortgage company, lender, or banker more options in choosing the right loan for you.  Especially if you are investing wisely, your home may appraise for a higher amount allowing more equity and better interest rates.

7. Low Interest Rates: With all of the worry that the Fed is about to increase interest rates, rates are historically low and are still at record-breaking lows compared to any previous year of buying a new home.  Because you get to write the interest off on your taxes, it is a win-win situation when buying a new home.

8. Holding Its Value: Because you are buying new instead of previously owned, your home is in better shape and will last longer as long as you chose the right builder.  No matter how wonderful a previously owned home is, it will still “fall apart” eventually faster than a new home because it is older and more worn out.

9. Avoiding Health Risks: With the new information about lead paint and its effects as well as asbestos, many people are very aware that older construction can contain these hazards.  As long as you have hired a quality builder to build your new home, you will never have to worry about hazardous construction materials that could drastically affect your health.

10. Fun Choices: When building a new home, you get to put part of your personality into it by making selections such as cabinetry, countertops, paint, siding, flooring and much more.  In addition to being a part of building your own home, you can take comfort in knowing that you are making the biggest financial investment of your life – one that will give you equity and security for the future.
If you are ready to build your new home in St. Tammany Parish, Contact Ron Lee Homes, a custom home builder, at 985-626-7619 or E-mail Info@RonLeeHomes.com.

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New Home Sales are Still Going Strong

Even though statistics show a lull in new home building permits and starts, new home sales are still going strong. Both May and June have seen a positive outcome for the housing market and new home buyers.

U.S. Department of Housing and Urban Development and the Commerce Department reported that nationwide housing dropped 11.1% in May, but building permits rose 11.8% (the highest it has been since August 2007).  This almost equal fall and rise was predicted by economists because of lack of inventory in the housing market. Current new home starts are down, but building permits are up because builders are getting geared up for a big push because of this lack of inventory.  It has dropped to around a 4-month supply, the lowest it’s been since the Recession. “The uptick in permits shows our builders are optimistic that more consumers are returning to the housing market,” said NAHB Chairman Tom Woods.

June’s readings are the highest since September 2014. NAHB/Wells Fargo Housing Market Index (HMI) reported that single-family homes rose 5 points to a level of 59 (a score of over 50 indicates a good housing market).

“The HMI indices measuring current and future sales expectations are at their highest levels since the last quarter of 2005, indicating a growing optimism among builders that housing will continue to strengthen in the months ahead,” said NAHB Chief Economist David Crowe.
 
The National Builders Association of Home Builders (NAHB) developed the NAHB/Wells Fargo Housing Market Index (HMI) by taking the monthly survey they have been conducting for 30 years and estimate the builder’s insight of the current housing market.  The survey asks the builder to rate the sales expectations and current single -family home sales for the next 6 months as good fair or poor, and the traffic of prospective buyers as high to very high, average or low to very low.  They take these scores and calculate the index.

“Builders are reporting more serious and committed buyers at their job sites and this is reflected in recent government data showing that new-home sales and single-family construction are gaining momentum,” said NAHB Chairman Tom Woods. This is great news for those who are looking to buy a newly built home and for builders who are in the business of new home building or custom home building. This coupled with an increase in pending home sales, new home sales and mortgage applications make it a great time to purchase a new home.

In St. Tammany Parish, in Louisiana, if you are interested in building a new home for your family in Mandeville, Madisonville, Covington, or Abita Springs, Contact Ron Lee Homes to begin discussing designing your floorplan to either build on your lot or buy a lot in an existing subdivision.  At Ron Lee Homes, we strive to make your new, custom home building dreams reality!  Call 985-626-7619 or E-mail Info@RonLeeHomes.com.


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Unfilled Construction Jobs Are on the Rise in 2015

Good news for those who are looking for a job in the construction industry, unfilled construction jobs are on the rise in 2015, making the construction labor market a great place to start looking if you are unemployed.  Typically jobs in the construction field usually decline from March to April, but this year, the open positions in March were the highest since July 2007, and in April they were the third highest since the Recession. Mark Vintner, senior economist at Wells Fargo Securities comments that “home building will be one of the economy’s largest upside surprises in 2015.”

According to the BLS (Bureau of Labor Statistics) survey, “employment in home building/remodeling stands at 2.453 million, broken down as 696,000 builders and 1.757 million residential specialty trade contractors.” To sum it up builders and remodelers added 149,000 jobs on a net basis. Many experts believe that housing and construction jobs are the fastest jobs to bounce back after a recession because of expansion.  In fact, the constructions industry was responsible for 20% of employment created in April 2015.

The unemployment rate is not only falling in the residential industry but in the real estate industry as well which will boost the national housing market. According to the National Association of Realtors, “Pending Home Sales Index, based on contracts signed last month, increased 0.9 percent to 112.6, the highest level since April 2006.”

This is still a great time to purchase a new home because all fears of another recession are pacified while they are still not strong enough to cause the Fed to raise interest rates sooner than September 2015.  Household formation is going strong, and Americans are ready to become homeowners which is paving the way to the construction of new homes both single-family and multifamily. We can finally see the light at the end of the tunnel in the housing industry job market.

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Remodels & Renovations - A New Service Offered by Ron Lee Homes

Ron Lee Homes, a new home and custom home builder in St. Tammany Parish is now offering renovations, remodeling, and additions as a new division of the company.  Cheryl Murphy, formally of Floor to Ceiling in Mandeville, Louisiana, heads the division as the expert consultant and project manager for all renovation and remodeling projects.  Ron Lee Homes Remodeling will focus mainly on Kitchen, Bath, Master Bedroom / Bathroom, Outdoor Spaces, and Additions.  Also, Interior Design Services are offered either separate from or in conjunction with a completed remodeling project.

Kitchens
The kitchen is the main area in which a family or house members congregate to prepare food and also socialize either on a day-to-day basis or because of a family gathering or social event.  The kitchen has been called the “heart of the home” because of its central purpose and location.  Many homes built in the Greater New Orleans area are 10 – 50 years old and therefore have outdated appliances, cabinetry, countertops, and fixtures.  Ron Lee Homes Remodeling will help you every step of the way in deciding the best, most efficient, and cost effective way to enhance your kitchen’s appearance with a complete kitchen remodel.
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Bathrooms
As one of the most important functioning parts of the home, the bathroom is essential to every day life and gets a lot of use.  If you own an older home, your bathroom fixtures and even plumbing may be very outdated or not fully operational.  Or, you may be stuck with an old color scheme, wallpaper, or certain colored sink or bathtub that doesn’t suit your creative palette anymore.  Whatever your reason, Ron Lee Homes Remodeling can take your old, outdated-looking bathroom and renovate it to be a sparkling new and modern looking room of your home of which you can be proud.
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Master Bedroom / Bathroom
It might have been some time ago when you moved into your new home.  At that time, you may have had to make do with your existing furniture and furnishings, so your Master Bedroom was perfect for your life “just starting out.”  However, if you have been successful in life and business, there may be a need to upgrade your home’s appearance and space by remodeling your Master Bedroom and Bathroom.  With Ron Lee Homes Remodeling, we can make suggestions on how you could be able to “steal” space from one to enhance the other.  Completely renovating your master suite to make it your own private “getaway” inside your home is just one of the services offered by Cheryl Murphy.  Upon completion, she can also help with Interior Decorating to make your suite not only classically beautiful but open and spacious as well.
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Outdoor Spaces
Have you ever dreamed of having the perfect backyard – an outdoor environment that was multi-layered with the perfect mixture of nature and modern conveniences?  Ron Lee Home Remodeling has extensively built new, CUSTOM homes with amazing outdoor spaces which include outdoor fireplaces, fully bricked patios, covered patios with ceiling fans and beadboard ceilings, custom sound systems and electrical systems for outdoor stereos and flat screened televisions, custom outdoor kitchens with built-in gas grills, and much more!  If you are interested in creating “paradise” in your own backyard, look no further than Ron Lee Homes Remodeling.
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Additions
When initially buying or building your dream home, you may have chosen your home specifically for its location – on or near the water, located in historic Mandeville or Covington, situated on acreage, or your other family members live nearby.  For these and many other reasons, you may not want to move from the area in which you live, but you are “outgrowing” your home and need more room.  Ron Lee Homes Remodeling can help you add additional square footage to your home, whether you are “going out the back,” adding an entire second floor, putting in a mother-in-law suite, or adding an apartment over your garage, we can guide you through each step of the process to get you the space that you need.
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Design Features and Trends Are Being Used by Innovative Builders

Luckily the housing market is picking up along with home construction. Now is a great time to become a new homeowner. As a new home buyer, you will want to look for these five up and coming latest trends. These design features and trends are being used by innovative builders, remodelers and architects in new home construction. The trends which were seen at the 2015 St. Tammany Parish Parade of Homes and which will also be seen at the New Orleans Parade of Homes are based on National Association of Home Builders “Best in American Living Awards.”

Do not fear!  If you are already a homeowner, this doesn’t mean you are left out of the loop. Just because these five design trends are used by the professionals in new construction, doesn’t mean you cannot incorporate them into your own home with a build-on addition or remodel.
First on the list is a white-on-white kitchens.  Whether you have a traditional or modern style home, this trend is popular in both.  Think white on white on white.  Designers are taking white cabinets, paring them with white countertops with a white backsplash and finishing it off with all white trim.  Ron Lee Homes incorporates a variety of materials (stone, ceramic tile, glass, and granite) to incorporate this look in kitchens and master baths, specifically.

Second is a double-island kitchen.  Once again it doesn’t matter what style home you live in, you are seeing more than one island in a kitchen.  Many times one island is used for cooking and preparing the food while the other is used for serving and dining. The second island can serve a dual function as a home work or hobby space.  In new homes built by St. Tammany Parish builder, Ron Lee Homes, you will see many of our kitchens use a double island and breakfast bar.  The island usually includes a sink as well as a dishwasher or warming oven / drawer.  The breakfast bar is attached to the island and normally flows into the family room – a perfect place for families to gather and socialize.

Third design is centered bathtubs and walk in showers.  If you visit a spa, this is often what is seen in these well designed relaxing atmospheres. Professionals are now taking the trend into the home.  Tubs are becoming a central focal piece and walk in showers are taking the place of a shower stall. Ron Lee Homes uses oversized showers and custom, hand-laid ceramic tile or stone.  Our home buyers request specific shower heads and sprays as well as seating areas inside these large shower spaces.  Also, glass doors or even “windows” are also popular with our new custom home designs.

Fourth is old world style meets modern contemporary. This is done by taking natural elements mixed with contemporary materials which soften the hard modern design.  Wood, steel and glass are popular materials being used in this trend.  In new custom homes, cypress beams and unfinished cypress fireplace mantles have been very popular in a few of our newly built custom homes.  Also, we enjoy mixing and matching materials on the fireplace surround, fireplace mantle, and built-in bookshelves.
Last is indoor-outdoor living. This trend is starting to be seen no matter what climate you live in.  Home buyers love to see a design that incorporates the outside view.  Indoor-outdoor transitional spaces can be easily added by using screens and removable/foldable walls.  In a few of the recent new homes built by Ron Lee Homes in St. Tammany Parish, we have incorporated screened-in porches that are “livable” – complete with a television, that open to outdoor patios with outdoor cooking areas.  We have even built outdoor kitchens inside of screened in porches upon request.

Ron Lee Homes takes pride in constantly staying on the cutting edge of residential building design and remodeling.  If you are interested in seeing a new, custom home built with these trends released by the National Association of Home Builders, take a tour of some of our newly built homes in Mandeville, Covington, and Madisonville.  To find out more, call 985-626-7619 or E-mail Info@RonLeeHomes.com.

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Five Remodel Ideas That Will Enhance the Value of Your Home

How do you remodel with a tight budget when it comes to home improvement? Need to find ways to stretch the dollar when it comes to your remodeling plans? Here are five remodel ideas that will enhance the value of your home.
First and foremost, we start with the heart of the home – the kitchen. Whether you are remodeling for your personal enjoyment or for the resale of your home, it is best to keep a happy medium in your design ideas – unless you never plan on selling your home. A good way to keep remodeling costs down is to use your existing kitchen layout. A little makeover on countertops and cabinets can go a long way. Re-facing your existing cabinets can refresh the overall look of your kitchen. If your cabinets are just too old or not worth keeping, go with ready-to-assemble cabinets which cost half of what new custom cabinets will run you. Countertops can also eat up your budget. Using two different surfaces in your kitchen can keep the cost low. A good way to do this is to use a solid surface on your countertops while using butcher block on your island top. A great benefit for you as the homeowner as well as a potential buyer (if you are looking to sell) is to add Energy Star® appliances. This will not only help with the aesthetic look of the kitchen, but it will also lower your utility bills.

Second, you can never go wrong with adding more square footage to your living space. This will increase your home’s value as well as the quality of your living space. When adding living space, keep in mind the cost can add up. You will need to think about the cost of removing existing walls, moving / adding electric and or plumbing, adding to your foundation, adding a new roof, adding windows, and adding new exterior siding. A word to the wise, a successful addition looks like part of the original structure. Keep this in mind when planning the location, choosing materials, and adding to the existing roof line.

The third thing on the list is curb appeal. First impressions go a long way. The first thing anyone sees is your home’s exterior. There are many solutions to creating a great look for both your home’s exterior and landscape. Make sure your yard is clean and neat by cleaning out overgrown plants, bushes and trees. Painting your home’s exterior can update your home’s look by giving it a nice facelift. If the budget does not allow for a new paint job, a good pressure wash to your siding will dramatically change the outside appearance of your home. To take it one step further, you can add a new entry door, change out old windows, add a front porch, or add dormers which will give your front elevation a new look without completely renovating the whole exterior.

Fourth but oh so important, is the master suite. Anyone buying a home will tell you that their sleeping quarters are very important. If you already have a master bedroom, an update will boost its appearance, making it a more inviting space to spend time in. By doing a few simple things such as painting, replacing the flooring, adding new accessories, and changing the lighting you can create a whole new look to your master bedroom. However, be careful with the choice of paint colors. Muted but distinct colors fit best in a master bedroom for resale purposes. If you do not have a master suite, consider adding one. Things to contemplate when adding a master suite are the location of your new room, if you would like a sitting area, window and door placements, what kind of ceiling you would like, and your lighting.

The last remodel area is where we spend a great deal of time – the bathroom. If your budget is a concern, the focus should go to the powder room and master bathroom remodel first. Stick to the old floorplan. Removing walls, moving bathtubs, sinks and toilets can be a huge cost. Go for cosmetic changes. New paint, new plumbing fixtures, new tile and lighting can enhance your existing bathroom. A great way to stretch your dollar is to use a flat mirror with two lighted sconces instead of a mirrored cabinet with a row of lights. Use plain simple white tile in your shower with a glass colored border which gives it an updated look without spending huge bucks. Regarding paint, this is one area where big, bold colors are a great way to make a huge impact.

If you are considering remodeling your home in St. Tammany Parish, Ron Lee Homes now offers a complete remodeling service.  Contact Ron Lee Homes today to learn more about our remodeling process.  Call 985-626-7619 or E-mail Info@RonLeeHomes.com.

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Sell Your Existing Home With Home Staging Techniques

In order to be able to upgrade your existing home to a second or even new third home buy, you will need to be able to sell your existing home with home staging techniques.  It can be a hassle to constantly have your home “show-ready,” so you in order to get as quick a home sale as possible, you will want to use the following advice on tips and tools to prep your home for sale.
Every detail, no matter how small, is important when staging your home.  Buyers want to be able to picture living in the space. When deciding to list your house for sale, remember, you will sell your house faster, and for more money, if you add interior decorating techniques that will make a home buyer visualize each room of your home’s space.

When selling a home, first begin with the basics and begin with one of life’s necessary chores – cleaning.  A dirty house is not inviting to anyone. Wild paint colors can be a distraction.  You may love your home decorating skills but others may not. Repaint with neutral colors for a nice clean slate. One thing to think about before adding your new paint job is to make any necessary repairs to damaged walls or trim.

De-clutter your home. Think sensory overload – this is not what you want to create for your potential new home buyer. Small knickknacks create clutter which creates chaos. Simple clean lines create a calm inviting feel. Depersonalize your home for sale.  Remove all family photos, or collectables – you want a blank canvas for the buyer to fill in with their ideas to personalize the space and make this their new home. A clean, newly painted, de-cluttered and depersonalized house for sale will give you an edge over some of your competition.

Now, to win over all your competition you must go the extra mile. You want to “wow” your buyer in the first five minutes. If they walk through the door and think to themselves, “I don’t see it,” you have lost a potential buyer.  The following tips will help you stand out from the other houses for sale in your neighborhood.

1. Ever hear the old saying, “Home is where the heart is”?  You want to entice your buyer to visualize the good life they would live in that space. Set up a board game in the family room or stage a potential garden party in the backyard with margarita glasses and festive linens.  You want your buyer to feel like they can sit down and relax in the space.
2. Use the “Rule of Three” when redecorating for the sale of your home.  Remember, you want your home to look natural and flow.  Decorators will tell you that an odd number will give you a good balance.  Too much symmetry makes a space look too stale and too cold, basically uninviting. Barb Schwarz, owner of Stagedhomes.com suggests, “When arranging tablescapes, go with three items of three different heights, in a triangle.”
3. Keep your buyers focused on the space, not what’s in the space.  Do not leave any interesting reading material out for them to browse through, taking their mind off the task at hand.  If you choose to display any reading materials, a great idea is to use decorating, gardening or home magazines. Make sure any books or magazines that are displayed are appropriate and will not offend anyone, turning the buyer off.
4. The master suite is one of the more important spaces in the house. Play the angles of a room and tastefully accessorize the space with stylish, if minimal decorations.  Putting furniture at an angle can break up a stagnant room.  Spruce up the master bed with decorative pillows. Think about how a luxury bathroom or spa is set up.  Take new thick bath towels and display them in the bathroom.  Tie the towels on the towel racks with raffia, tulle or thick ribbons.  Also place the towels on the edge of the bath with new soap and a loofah on top of them. Clean out your cluttered closets.  Only leave seasonal garments with matching non-wire hangers. Organize your shoes and have absolutely no dirty laundry visible.
5. Another very important room is the kitchen.  You want the kitchen to feel clean and open.  You can do this by removing a lot of the stuff you normally use on your kitchen counters and just have basic decorative pieces such as plants, towels, some canisters, and maybe a cookbook. Clean out and organize your refrigerator, pantry, shelves and drawers; your goal is to have some empty space.  This gives the illusion that there is room to spare. Schwarz suggests, “My go-to touch is a white rectangular plate with three pieces of the same fruit spaced evenly on it–peaches, pears, apples.”  Let the buyer envision themselves cooking in the space with an open cookbook placed on an easel.

Remember you do not have to completely do an overhaul by renovating your home for sale or remodeling your home for sale.  By following the guidelines mentioned, you can accomplish a new look to your house. As a seller you want to master the “lived-in-without-looking-lived-in” look. Sellers can expect to experience stiff competition with other home sellers, so they should put their best and most creative “foot forward” when staging their home for sale.

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