Ruxton

Lutherville, Real Estate & Home, Roland Park, Ruxton, Sponsored Post

The Whit Harvey Group – Featured Listings with Reduced Prices in Prime Neighborhoods

0 Written by: | Wednesday, Oct 15, 2014 10:00am

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Ruxton, Shop Local, Sponsored Post

Page Stationery Holiday Trunk Show & Free Mini Photo Session at Simply Noted (NOW!)

0 Written by: | Wednesday, Oct 08, 2014 2:23pm

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Don’t let this be your holiday card photo – sign up for a FREE mini photo session!! Appointments still available on Thursday, October 9th and Friday October 10th.

STEP 1:
call simply noted at 443.275.7094 for your appointment time

STEP 2:
gather your kiddos and dress them in something pretty

STEP 3:
come to simply noted with bribes so they smile for the camera

STEP 4:
set up a time to come back to pick out your holiday card

THE FINE PRINT

-photo sessions are free and limited to 20-30 minutes
-ten {10} photos from the session will be offered digitally for free if you order a holiday card with Simply Noted by November 15th
-only one {1} of those photos will be touched up/enhanced for use on the holiday card
-digital copies of the photos can be purchased for $75 if you do not order holiday cards
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Hot House, Real Estate & Home, Ruxton

Sunset Hill: An English Style Country House, Wisteria And All, In Ruxton

0 Written by: | Tuesday, Sep 30, 2014 12:34pm

Hot House: ‘Sunset Hill’ 7900 Ruxwood Road, Ruxton, MD 21204

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English country style estate, circa 1931, in stucco and stone with slate roof.  5,775 sq. ft., with 6 bedrooms, 5 baths, 3 fireplaces, recently updated and in virtually perfect condition. Gourmet kitchen/breakfast room/family room with fireplace. Formal living, dining rooms, study, large master suite with spa bath and glass shower, dressing rooms, den, guest suite. Pergola overlooks stone patio, large pool. Poolhouse w his/hers baths. Terraces, sweeping lawn, stonework, specimen trees. Unfinished basement, central a/c, attached two-car garage: $3,495,000 Read More →

Ruxton, Shop Local, Sponsored Post

20% Off Holiday Sale Going on Now at Simply Noted

0 Written by: | Tuesday, Sep 30, 2014 10:00am

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Holiday SALE Ends Saturday

Don’t miss out on the savings!  Stop by Simply Noted this week to order your personalized holiday cards  20% OFF ends Saturday, October 4th.
 
Many great options:
  • foil printed
  • letterpressed
  • glitter
  • high quality digital
  • double sided
  • round and fun shapes

Also, mark your calendar for the FREE mini photo sessions: Thursday, October 9th  and  Friday, October 10th!

 

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Read More →

Cross Keys, Featured Hot Listing, Greenspring Valley, Real Estate & Home, Ruxton, Sponsored Post

Gorgeous Listings from the Whit Harvey Group

0 Written by: | Thursday, Sep 25, 2014 10:30am

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from the Whit Harvey Group Blog:

townhome

How New Home Builders are Catering to Current Buyer Needs

The new generation of buyers is looking for something entirely different from what their parents wanted. Formal living and dining rooms are on their way out, and their focus is more on location than square footage.  Click to view more

 

Featured, Featured Hot Listing, Real Estate & Home, Ruxton, Sponsored Post

Featured Listing: Historic 17th Century House With an Amazing Story in Rockland Village

0 Written by: | Friday, Sep 19, 2014 3:32pm

Featured Listing:  10136 Falls Rd, Rockland Village

$1,500,000

5 Bedrooms, 3 1/2 Baths

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Nestled just off of Falls Rd., in the quaint community of Rockland Village, sits one of the oldest homes in Baltimore, Taylor’s Hall.  At first look, the home looks like a traditional telescope house, with an interesting character that takes a minute to detect.  This house, thought to have originally been built around 1697, had been standing for centuries near Padonia Rd in what we all know as Timonium.  In 1727, the house was sold to Thomas Cockey, and remained in the family until the mid-1800’s when it was sold to the Padians, Irish immigrants who were influential in founding Texas, MD- and as you might have guessed- the family for whom Padonia Rd. is named.

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Contractor and historic preservationist, Martin Azola of Azola Inc.  has a remarkable track record of working with Baltimore’s most interesting buildings to restore them to their original glory while employing the latest technologies.  In 1986, Marty set about disassembling Taylor’s Hall stone by stone, labeling every piece and every log systematically, salvaging what he could to maintain the stately presence of the home.  Original materials such as architectural details, windows, doors, fireplaces and mantles, stairways, molding and woodwork were painstakingly restored and reused. Read More →

Gibson Island, Greenspring Valley, Hunt Valley, Lutherville, Real Estate & Home, Roland Park, Ruxton, Sponsored Post

Whether You’re a Buyer or a Seller, Think Whit Harvey Group. Experience Matters.

0 Written by: | Friday, Sep 19, 2014 12:00pm

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Hunt Valley, Real Estate & Home, Ruxton, Sponsored Post

The Whit Harvey Group Has a Home That’s Just Your Size

0 Written by: | Thursday, Sep 11, 2014 12:00pm

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from the Whit Harvey Group Blog:

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By Emily Heffter for Zillow, August 13, 2014

Sean Gibbons, 28, has a college degree and makes $65,000 a year as a contract worker for Microsoft.

At his age and income, economists might expect him to buy a house of his own, or at least a condo. Instead, Gibbons is paying about $600 a month in rent to live with nine roommates in a house on Capitol Hill, one of Seattle’s most walkable urban neighborhoods.

“The thought of purchasing a home hasn’t crossed my mind,” he said. “I don’t see myself settling down. … I just have other things that I care more about, like my social life. It’s a time-consuming thing, and if you want to be a homeowner you really have to be knowledgeable about those things, and there’s a fear of making the wrong decision.”

So many people are interested in living there that the group has an occasional “open house” to select new roommates from among applicants.

Gibbons is contributing to a dramatic drop in homeownership rates. Economists say young adults in the millennial generation born in the 1980s and ’90s are reaching home-buying age and deciding, in many cases, not to buy a home.
Delayed homeownership

In the house Sean Gibbons and his millennial-age roommates live in, there are three refrigerators, a chore rotation and a strict prohibition on leaving dishes in the sink.

Historically, 43 percent of home purchases were first-time buyers, but now that number is just 30 percent. Meanwhile, the percentage of 24- to 33-year-olds who rent is on the rise, from 47 percent in 2008 to more than 51 percent in 2012.

Economists say the generation staying out of the game is slowing down the housing market’s return.

A majority of more than 100 economists nationwide recently surveyed by Zillow said they expected the homeownership rate in five years to be lower than the current rate of 64.7 percent. The national homeownership rate peaked at 69.2 percent in 2004, just as the housing market was beginning to overheat prior to the Great Recession.

The homeownership rate falling will have ripple effects — both positive and negative — on the economy.

“Millennials will have enormous influence in coming years, especially as they hold off on getting married and having children, the two biggest reasons for first-time home purchases,” said Zillow Chief Economist Dr. Stan Humphries.

Shifting priorities

Millennials have a variety of reasons for staying out of the housing market. Many of them graduated from college in the middle of the recession and got a slow start on their careers. They may be paying off student loans. In general, they’re waiting longer to get married and have kids.

They have also seen firsthand the risk involved with such a big investment. Jesse Bowen of Atlanta bought an apartment in 2005, taking what he thought was a customary next step after graduating from college and getting his first job.

When he decided to move to another city, the market had worsened, and he chose to rent his place out rather than sell it at a loss.

Now Bowen is married, with a 3-year-old and a baby on the way. He and his wife are thinking of buying in the next three years, but they are wary.

“I think a lot of millennials that came through the economic downturn basically saw people invest heavily into houses, and then in a matter of months it just evaporated,” he said. “I think that scared a lot of people. A lot of people I’ve talked to have said it’s not as important for them to purchase property as it may have been for our parents.”

Bucking the trend

Of course, it sometimes turns out well.

Thomas Eyler, 28, got lucky when he stumbled on a short-sale condo near downtown Seattle 2.5 years ago. As rents have risen, he has found that he is paying less per month than his friends who are still renting.

Plus, he figures he has picked up about $100,000 in equity. He is not worried about flexibility, because he says if he wanted to move, he could rent his 1-bedroom condo for more than he pays for it.

“I plan on keeping it forever,” he said.

If you’re a millennial bucking the trend, check out our penthouse listing in Cross Keys! Great views with an easy commute to downtown or Hunt Valley.

Featured Hot Listing, Real Estate & Home, Ruxton, Sponsored Post

FEATURED HOT LISTING: Must See Open House, Perfect Opener to This Historic Weekend

0 Written by: | Wednesday, Sep 10, 2014 9:00am

OPEN HOUSE TODAY

Wednesday, September 10th  1 – 3 PM

$1,500,000
Featured Hot Listing:  10136 Falls Road, Brooklandville
5 bedroom(s), 4 bathroom(s)
4,700 square feet
10136 Falls Road
10136 Falls Road
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10136 Falls Road Read More →

Lutherville, Real Estate & Home, Ruxton, Sponsored Post

Gorgeous Listings and Advice from The Whit Harvey Group: Should You Buy That Fixer Upper?

0 Written by: | Thursday, Aug 21, 2014 10:30am

Check out these gorgeous listings from the Whit Harvey Group.

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from the Whit Harvey Group Blog:

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Should You Buy that Fixer-Upper?

While watching a recent episode of HGTV’s “Fixer Upper”, I was struck by how surprised buyers are when they uncover problems that they never suspected, such as outdated wiring, mold and pest infestations. Really?

If the exterior of the run-down exterior is covered with ivy, the floor is uneven, and the home was built in the 1920s, why would you not expect to find issues that go beyond old paint and linoleum floors when tearing out a wall to create a dream kitchen?

I am speaking from experience.

When my husband and I purchased a fixer-upper several years ago, we had no idea that major problems existed, such as a rotted sill plate at the front of the house that involved thousands of dollars to repair, and jury-rigged headers along the back of the house the necessitated a complete rebuilding of that wall when we decided to install new windows and a new door.

When we first found the house, we were excited about the vaulted ceiling addition to the 1930s home, which created an open floor plan, loft, and opportunity for a dream kitchen. We brought in a contractor and interior designer to help us come up with an estimate of $60,000 for updating the bathrooms, tearing out the wall-to-wall carpet, refinishing the existing hardwood floors and a kitchen with custom cabinetry, stainless steel appliances and granite countertops.

New kitchen, windows, hardwood floors...totally worth it.

We subtracted that from the home’s likely market value after renovation, and what decided what would work within our budget. What we SHOULD have done was to then deduct at least another 5 to 10 percent for unforeseen problems.

Four and a half years and $145,000 dollars later, with 2 kids in college, and potential upgrades still to do, we decided that we were done with the house and would turn it over to a younger couple to finish what we had started. Luckily the homes in our area had retained their value, and we were able to get our money back out of the house when we sold it, and the new buyer got a home where all of the major problems had been solved and they needed only to do a few finishing touches.

So how DO you know if a fixer-upper in a great neighborhood IS something you want to undertake? I did a little research and came up with 6 tips that I had considered before purchasing our home.

1. Include an inspection clause in your contract. 
At best, the inspection will assure you that the house is a good investment; at worst, it will help you back out of the deal. Often with fixer-uppers, it’s something in between. The inspector will document a serious problem or two, (if they can see them) and you can use the findings to get the seller to pay for repairs or negotiate the sale price downward. Accompany your inspector and ask questions about anything you are unsure about.

2. Avoid a house that needs significant structural improvements. 
Major repairs — plumbing and electrical system overhauls, foundation upgrades, and extensive roof and wall work — are usually “invisible” and hardly ever raise the value of the house enough to offset the cost of the renovation.

3. Pick Projects That Pay
The ideal fixer-uppers are those that require mostly cosmetic improvements — paint touchups, drywall repairs, floor refinishing — which generally cost much less than what they return in market value. New lighting fixtures, doors, window shutters, and siding, as well as updated kitchens and bathrooms, are also lucrative improvements.

4. Don’t over improve. 
For maximum resale value, remodeling investments should not raise the value of your house more than 10 to15 percent above the median sale price of other houses in your area, according to the National Association of Home Builders.

5. Line Up The Money
One of the most challenging aspects of purchasing a fixer-upper is paying for the renovation. Understandably, most people don’t have much extra cash after making the down payment and paying closing costs, so coming up with additional money to cover repairs or remodeling can be difficult.

By far the most popular funding choice for a fixer-upper is a renovation loan, either through a home equity line of credit or a mortgage. Even more advantageous is a renovation loan tied to the first mortgage. Similar to equity lines, these loans can be borrowed against the house’s value after the work is finished, but like any mortgage, the interest is tax deductible up to $1 million.

6. Add at least 10% to what you think you will spend.
Even if you don’t encounter major problems, knowing that you have allowed 10% more in your budget will give you peace of mind when those unexpected expenses crop up, whether it is minor electrical work, or upgrading to better appliances.

When all is said and done, my husband and I are not sorry that we renovated our last home. It was rewarding being able to restore some of the 1930s details in the older part of the house, and satisfying to fix all of the structural damage, because we were able to install beautiful new walls of windows that filled the house with light. The kitchen was indeed my dream and we had many a great party centered around the granite island.

We were also delighted to move into a smaller home that only needed a little bit of paint to make it perfect. Now, of course, five years later, I am eyeing up the kitchen wall that I would like to take down, and thinking about creating a workshop in our garage.

Would I ever take on another fixer-upper? Ask my husband.

By Cathy Evans

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