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May 2019 - Hoeting Realtors

What Does the Color of Your Front Door Say About You?

What Does the Color of Your Front Door Say About You?

Let your personality shine through with the help of these colorful coats of paint.

Your front door is a place to greet visitors, welcome friends and invite outsiders in. A cheerful color can illuminate your front porch and turn a drab setting into a charming spot. Choosing the right color for your front door can be tough, as there are more than plenty of hues and tones to pick from. Different colors represent different meanings, so while some of you may go for bright and bold, others may prefer warm and soft. What do you want your front door to say about you?

Check out these 12 colorful front doors for inspiration!

1. Modern Red

Red doors have been symbolic throughout history to mean “welcome”. This modern home takes a spin on the classic hospitality approach by painting the door a bold red.

2. Elegant Eggplant

Purple palettes are full of grace as this colored door represents privilege, royalty, and wealth.

3. Sunny Yellow

For those of you who don’t mind standing out, a bright yellow door will bring energy, positivity, and joy to your front steps!

BHG

BHG

4. Deep Blue

This dark blue door color has a calming effect associated with stability and trust.

5. Rustic Orange

This pumpkin orange door is charming in color as it radiates warmth and wisdom.

6. Seasonal Green

An inspiring color like green is a popular choice for front doors. Green can be associated with money, ambition, and growth.

7. Bright Aqua

Such a fun color like this Simply Aqua Valspar Paint at Lowe’s can bring an uplifting sense of friendliness to your front steps.

Coastal Living

David Hillegas via Coastal Living

8. Vibrant Lime

A color so “out there” like lime green may seem far too lively for your front door, but this outgoing color is sure to attract visitors and step up your curb appeal.

9. Soft Teal

A sweet serene color such as teal promotes emotional healing and creativity.

10. Cool Gray

A sophisticated color like grey is both neutral and dignified. Grey is typically a background color, letting your front porch decorations stand out.

11. Sassy Green

Let your personality show through your front door by choosing a color like Sassy Green Valspar Paint that’s lively and refreshing.

This Old House

Deborah Whitlaw Llewellyn via This Old House

12. Apple Red

This timeless front door makes a statement with a classic crisp red color.

BHG Red Door

Your Toughest Lawn Questions Answered

 

Why You Should Sell Your Home in 2019

Housing markets may not be as hot as previous years, but selling now could be your best bet.

By Devon Thorsby, Editor, Real Estate |March 7, 2019, at 9:42 a.m.

Why You Should Sell Your Home in 20
Aerial view of a dense residential district

Homeowners looking to sell should consider 2019 a prime opportunity to cash in. (Getty Images)

Few people are predicting that 2019 will be a record-breaking year for home prices.

But relatively speaking, 2019 might be the best time for you to put your house on the market. Especially if you’re on the fence about selling this year or next, Nick Ron, CEO of House Buyers of America, recommends going with the devil you know rather than the devil you don’t.

“I think it’ll be better than 2020 and 2021 – who knows what’s going to happen in those years,” Ron says.

Home price growth slowed in the second half of 2018, with fewer buyers entering the market, at least partially due to rising interest rates issued by the Federal Reserve. In 2019, consumers shouldn’t expect homebuyers to flood the market again and drive prices through the roof, but it’s also unlikely to be a crisis for home sellers.

If you bought your house in the last year or two, still love it and don’t want to part with it, go ahead and wait another five years before revisiting the thought of selling. But if you’re weighing your options to sell, considering selling this year or maybe the year after, don’t play the waiting game.

Here are four reasons to sell your house in 2019:

  • New buyers are still entering the market.
  • Interest rates are still on the lower end.
  • You have high equity.
  • Selling now will be better than waiting till 2020.

[Read: 7 Online Tools to Help You Estimate Your Home’s Value.]

New Buyers Are Still Entering the Market

As interest rates rise, some buyers will hesitate to make an offer on a home or apply for a mortgage, so be ready to see occasional drops in buyer activity. And if your house is at the higher end of the price range in your market, you should expect less buyer interest than before. Ron notes the combination of rising mortgage rates and home prices exceeding buyers’ budgets are what has caused the slowing of homebuyer activity in recent months.

But with available housing inventory remaining low, even with rising interest rates, buyers who are ready to make a purchase will still shop for homes. The biggest wave of new homebuyers will be among millennials, who are mostly first-time buyers. In a Harris Poll survey of 2,000 U.S. adults commissioned by real estate information company Trulia, more than one-fifth of Americans between ages 18 and 34 said they plan to buy a home within the next 12 months. Already, millennials make up the largest share of homebuyers at 36 percent, according to the National Association of Realtors, which released the number in March 2018.

The bottom line: While houses may sit on the market for a few more days on average compared with 2017 when the market was white-hot, buyers remain active and it’s still possible to profit from your home sale.

[See: Best Home Security Systems of 2019.]

Interest Rates Are Still Low-ish

Mortgage interest rates have been on a bit of a bumpy road over the last few months. Interest rates for a 30-year, fixed-rate mortgage reached their highest level in over seven years in November 2018, when they hit 4.94 percent, according to Freddie Mac. As of the end of February 2019, however, interest rates are down slightly to 4.35 percent, according to the mortgage loan company. While it’s reasonable to expect mortgage rates to continue to climb gradually throughout the next year, they’ll remain much lower than the historic high of more than 18 percent in 1981.

It’s important to keep in mind that while mortgage rates tend to mirror the Fed’s interest rate activity, mortgage rates are based on the market in that moment, your financial status and the property you’re looking to purchase.

[Read: How Moving to a New Home Affects Your Taxes.]

Just because the Fed raises rates at one meeting doesn’t mean mortgage rates will follow that exact pattern. “Not every Fed increase is passing on (to) a mortgage rate,” says John Pataky, executive vice president and chief consumer and commercial banking executive at TIAA Bank.

A sudden leap in mortgage interest rates is unlikely in 2019, though Pataky notes that you should be ready to see rates continue to climb. “We do expect over the next 12 months that mortgage rates will continue to drift higher,” he says.

If you’re looking to get the lowest interest rate possible on your next house, try to make a deal sooner rather than later.


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You Have High Equity

Homeowners who bought during the recession or shortly after benefitted from historically low interest rates and, up until around 2015, lower home prices that were still in recovery mode. If you fall into that category, your home equity has risen with nearly every mortgage payment, each renovation you made to the house and all the other houses on the block that sold for a higher price.

The higher your equity in your home, the more you net from the sale, which can easily go toward the down payment on your next house. The larger your down payment, the better you look to lenders and the lower your interest rate will be, and the less likely you’ll need to increase monthly payments with private mortgage insurance.

[Read: Is Your House Too Big for You?]

Selling in 2019 vs. 2020

If not selling your home in 2019 means putting your house on the market in 2020, the sooner option is the best one. In a survey of 100 U.S. real estate experts and economists by real estate information company Zillow, released in May, almost half expect the next recession to occur in 2020. Another 14 percent believe the recession will hold out until 2021, while 24 percent of panelists expect the recession earlier – sometime in 2019.

Whether you believe the recession is imminent or a long way off, current real estate patterns indicate a sudden upswing in activity or prices is unlikely in the near future. Real estate markets tend to operate on a cycle of their own, the length of which varies by market but can be between 10 and 16 years total and flow from a seller’s market to a buyer’s market with a period of balance in between.

“It doesn’t look like there’s anything on the horizon that’s going to cause a big spike in home prices or increase demand dramatically,”