To rent, or to buy? An age-old question and one that should not be taken lightly. Though there are a lot of things to consider when making this big decision, it all comes down to doing the math. After all, something that takes up such a huge chunk of your monthly income deserves some careful consideration. Here are a few things to consider when deciding to rent or buy around the Queen City.
It seems like apartments are popping up around every corner in Charlotte. Everywhere you look, there’s a new complex or apartment building. Many people make the mistake in thinking that renting an apartment is the easy, cheap way to live. However, especially in Charlotte, as the population continues to increase, so does rent.
Charlotte was named the 11th fastest growing city with a 14% increase in population since 2010. That’s why it’s no surprise that rent is climbing, especially in booming neighborhoods, such as South End and Uptown. According to Apartments.com, the average rent is close to $2000 for a two bedroom apartment in South End. That’s a lot of cash!
Additionally, the Charlotte Observer recently reported that rent in Charlotte is going up faster than the national average. According to Apartments List, average rents increased 4.3 percent in Charlotte in June 2017, compared to the same month a year ago which is well above the national average increase of 2.9 percent.
As Charlotte continues to grow, now is a great time to invest! Mortgage rates are incredibly low, with monthly payments coming in sometimes more than half of rental rates. That cost can be even lower if you’re looking in neighborhoods in the surrounding Charlotte cities.
The benefits of owning a house are more than just cost efficient. You’re paying much less money for much more space and you’re putting money into something that is all your own. So, if you’re tired of watching your rent go up and the numbers in your bank account go down, give us a call.
There are so many things to consider when it comes to buying a new home. Whether you’re a first-time buyer looking for a place to call your own or a seasoned homeowner looking for an upgrade, the list of things to consider can seem overwhelming! Don’t stress because we’re here to help! Start by answering these 3 questions…
Where do you want to live? Narrow down the specifics of your desired location. This may seem obvious, but there are a lot of things to consider when it comes to location. If you already live in the city where you’d like to buy- this might be easier! If you are moving to an entirely new city, you may want to consider a few things. There are the easy questions like, do you want to be in the heart of the city or in the suburbs? Do you want to be close to the nightlife, quaint shops, and/or businesses? Are schools important to you? Depending on your lifestyle, there are many different aspects of location to consider.
What’s you budget? Determine how much you can comfortably pay. Are you going to take out a mortgage? If so, getting pre-approved before you start looking at homes will help avoid the let down of looking at homes that are out of your budget. Your real estate agent can help you find homes within your price rang. Think about how high you’re willing to go should you become involved in a bidding war. It’s better to plan ahead so that you don’t end up spending over what you had originally planned.
What do you really need? Evaluate your needs vs. wants. The big factors are usually things like how many bedrooms and how many bathrooms you want. Do you need a garage? How about a fenced in backyard for pets? Think about things that are ‘deal breakers’ for you and separate them from your wants like a gas range over electric or stainless steel appliances instead of all black appliances.
If you’re still overwhelmed by all of the things to consider when searching for a new home, we don’t blame you. That’s why we’re here to help! Whether you’re relocating from another state or looking for a new home within the Queen City, give us a call! We can help answer your questions so that you can land the house of your dreams
We’re proud to say that when you come to Premier Property Solutions, you’re truly getting the best! Whether you’re looking to buy or sell a home, you’ll want to work with a reputable, well known national brand backed by a team who knows the local market. You can be confident that our agents are committed to helping with all of your real estate needs as quickly as possible all while keeping in mind your best interest and market factors.
Don’t just take our word for it, the proof is in the numbers! We’re happy to announce that Premier Property Solutions was named one of the top teams in 2016 in North Carolina for number of transactions in “America’s Best Real Estate Agents” ranking!
We’re so honored to have received this ranking that truly represents our leadership, commitment and expertise in the local real estate community. Our contracts closed were 21% higher than the rest of the market. The value of our listings sold 29% faster than the average market. We also sold 19% more listings than the rest of the market.
These numbers are made possible by our amazing clients like you! We look forward to reaching our goals as 2017 continues by helping people of the Queen City and surrounding areas buy, sell and invest in residential properties. Know someone who could use our help? Send them our way because referrals help keep us continue to reach our goals.
When it’s finally time to move into your new home, your ‘to do’ list can seem endless! The stress of moving is sometimes enough to leave you pulling out your hair from packing to paperwork. We know that this time can be overwhelming so we we’ve put together a few tips to help secure the safety of your new home when it’s time to move in.
The front door. Make sure your door is an exterior door built for insulation and safety. Many times people don’t think to look at the quality of their front door. It seems like it’d be a no brainer but oftentimes past owners will put an interior door up for looks. Interior doors do not protect against forced entry as well as exterior doors and they don’t have insulation, which can up your energy bills in a hurry.
Door Locks. You should change all of the locks on your house before you move in. You never know how many previous owners had copies of the keys not to mention, relatives, neighbors, and other strangers that could have been given copies as well.
Fire Alarms and Extinguishers. Make sure the fire alarms are properly installed, working, and cleaned. Three in five home fire deaths occur in homes with no smoke alarms or smoke alarms that stopped working. You should also have at least one fire extinguisher for every level of your home.
Carbon Monoxide Detector. Carbon monoxide poisoning is a scary topic. Carbon monoxide is a odorless gas with no taste. An average of 430 deaths occur each year in the United States due to accidental carbon monoxide poisoning.
Dryer Vent. Lint is highly flammable which makes it easy for your dryer to spark a flame. Make sure that you check not only the little vent inside your dryer, but also the big vent from your laundry room to outside.
Escape Route. There should be two ways to exit every room. If there’s only one door, find a window. Lay out a plan for every person in the house, just in case you end up needing those newly installed fire alarms.
Windows. Window screens should only be able to be taken off from the interior of the home. Double check to make sure the screen wasn’t installed backwards. However, a screen won’t stop a thief. Make sure that there are new and updated latches on every window.
The greater Charlotte area is the perfect place for the people that just can’t sit still. Every week there are events and activities great for those looking for some fun and this week is no exception. The city is gearing up to celebrate the ultimate summer holiday—the Fourth of July. Whether you prefer big productions or small parades, Charlotte has just what you’re looking for.
If you live close to uptown Charlotte, SkyShow is hosting a fireworks spectacular following the July 4th baseball game. Even if you don’t plan to attend the game, you can view the fireworks from Romare Bearden Park. A free street festival, including live music, rides, and food, will be set up around the park from 2-10 p.m.
Looking for something a little more outdoorsy? The National Whitewater Center is hosting a festival on the 4th of July which includes live music and a fireworks show. Or, maybe you’re looking for something a little smaller. The Coulwood Hills Community is holding a parade that begins at 9 a.m. at Coulwood Middle School. About 500 participants are expected.
If parades are your thing, but you want something more low key with a small neighborhood vibe, the Old Stone Crossing Annual 4th of July parade may be your scene. The small parade follows a short route from the Sidney Crest Avenue clubhouse beginning at 10 a.m.
Of course, both Lake Wylie and Lake Norman host celebrations for the Fourth! There are boats, regattas, and water fun for all age groups at both the Charlotte area lakes. Lake Wylie make fireworks viewable around 9 p.m. near the Buster Boyd Bridge.
Plaza Midwood hosts their 16th annual Pig Pickin’ for the fourth. The event consists of a big neighborhood crawl full of eats at all of the popular restaurants. Expect music and fun from this popular, hip spot.
The fun around Charlotte certainly doesn’t stop after the Fourth of July. There are always fun things to do around the different Charlotte neighborhoods. Give us a call anytime, we’d be happy to show you homes in a neighborhood that fits your needs year round!
Having a small house wasn’t all that appealing just a couple years ago, but now, smaller homes are in! Whether it’s because of environmental concerns, financial concerns, or simply just the desire for more time and freedom, people across the country are downsizing their living spaces.
The average tiny home is somewhere typically under 700 square feet and designed to meet function first. Tiny homes are stylized, modern and even breathtaking! They help cut down on living costs without cutting out comfort. Tiny Homes are self-sufficient and low cost, which makes life’s adventures that much easier.
According to a study, 68% of tiny house owners have no mortgage and 55% have more savings than the average American. Also, 89% of tiny house owners have less credit card debt than the typical American homeowner.
Living a simpler life doesn’t have to be confined to 700 square feet. Even if the idea of a tiny house doesn’t sound appealing, there are ways we can help you find homes with the efficiency, comfort and price tag of a tiny home.
Is it time to downsize your home? We’re here for all of your housing questions, whether they’re tiny or big!
It’s no secret that at Premier Property Solutions, helping our clients buy, sell and invest in the Charlotte area is our passion! With a population of 842,051 people and rising, Charlotte is the second biggest city in the southeastern US yet still remains a close-knit community. There’s so much to love about CLT, especially all of our amazing local nonprofits and charities. This year, we’ve had the opportunity to team up with Joedance Film Festival to give new hope with each of our closings.
Joedance Film Festival was established in loving memory of Joe Restaino to support rare pediatric cancer research right here in our community at Levine Children’s Hospital in Charlotte. Every dollar given to the nonprofit directly benefits research at Levine. One of the goals of Joedance is raise money locally and keep the money here to benefit pediatric cancer research in our community.
Premier Property Solutions is a proud sponsor of this wonderful nonprofit and we’e committed to donating a portion of every closing to a great local cause. “To have a corporate sponsor that gives perpetually makes a huge difference for a nonprofit of our size”, said Diane Restaino President of Joedance Film Festival.
The nonprofit also uses donations to fund clinical trials to help find alternatives to the harsh treatments that many pediatric cancers require. They support those affected by pediatric cancer through their Joedance Internship opportunities.
The 8th Annual Joedance Film Festival will be held August 4-5 from 8:00pm-11:00pm at Uptown Charlotte’s Historic Fourth Ward neighborhood in the 10th Street Townhomes Courtyard. If you are interested in attending or would like to make a donation, head over to their website
Pinterest is one of the hottest social media networks around! It’s also an amazing tool for marketing your real estate company. In case you haven’t heard of Pinterest, it is a social media network that allows users to share and discover interests. You pin an image to your board (a board meaning a collection of pins that usually have a common theme) and it saves your ideas.
People can re-pin a pin you post. Linking back to a website creates traffic with each re-pin. Creating the right boards is an essential part your Pinterest account. Think about boards that will both define your brand and engage your target market. Include everything from local pins from around your community to home improvement and, of course, your real estate blog.
Pinterest is also helpful to your real estate team as a way to draw potential clients to your website. Pin your listings with a link back to the website so that people know that their dream home is attainable.
Infographics typically get the most re-pins, just be sure to keep it Pinterest-friendly by using attractive fonts, bright colors and appropriate Pinterest sizing. Looking for some inspiration? Check out our Pinterest account HERE
As we said last week in our blog, there are many factors that contribute to Charlotte’s booming population growth but there’s one group in particular that’s flocking to the Queen City in record numbers.
More and more millennials are calling Charlotte home and it’s easy to see why! In a recent survey by Growella, Charlotte was named the fifth best city for young people. The best part? Job openings are 27 percent better than average in this large banking hub. And, for millennials, that means a better chance of getting a job right out of school.
As if that wasn’t appealing enough, research shows that your paycheck will also take you farther in Charlotte. Wage growth is also expected to jump from 5.4% annually to 6.5% in 2018 as the city continues to flourish. Pair all of these economical factors with trendy brunch spots, locally-owned coffee shops and a fun night life scene and it’s easy to see why Charlotte is a millennial paradise!
Our agents know Charlotte inside and out and we’re here to find you the perfect spot to call home. Even if you don’t know the difference between a mortgage and paying rent, our realtors will guide you every step along the way. Let us help you become a proud homeowner in our thriving city!
Not sure how or where to start? Call Premier Property Solutions at (704) 964-8718.
There’s no denying that Charlotte is a booming city! With a strong economy, thriving real estate market and attractive jobs, it’s no surprise that the Queen City’s population has one of the strongest urban growths out of any southern city! As the city continues to expand and the suburbs sprawl, it’s clear that there’s a demand for houses to keep up with the cities growth.
According to Zillow, the median home value in Charlotte is now $182,100 which is a 7.9% increase over the past year! We’ve said it before, and we’ll say it again….NOW is the best time to sell in Charlotte! If you’ve been thinking about selling, don’t wait to jump into the HOT sellers market. Selling season has just begun and we’ve already seen numerous multi-offer situations for our sellers! Let our trusted team of experienced agents help you get top dollar for your home this summer.
Not sure where to start? Give us a call today! (704) 964-8718