Blog :: 2017

2017 Home Buyer and Home Seller Trends

Home Seller TrendsHome For Sale Sign

Real estate agents help sellers market and price their home competitively, and lower the amount of time their home is on the market. According to an annual survey from the National Association of Realtors (NAR), trends for home sellers this year indicate:

  • Home sellers who used a real estate agent remained historically high at 89%.
  • For Sale By Owner (FSBO) home sales were at 8%, which has been the lowest recorded level for three years.
  • The average tenure for a homeowner is 10 years. In the past, homeowners remained in their homes around six to seven years.
  • FSBO homes generally sold for much less than homes sold by a real estate agent. FSBO homes sold at a median of $190,000 and the median for homes sold by an agent was $250,000.

Keys to HomeHome Buyer Trends

Real estate agents help buyers find the right home and negotiate prices and terms of sale. Here are some buyer characteristics from the NAR survey:

  • Home buyers who used a real estate agent remained historically high at 87%.
  • Buyers who purchased directly from a builder or previous owner declined.
  • Thirty-four percent of buyers were first-time home buyers. The historical average is 40%.
  • Buyers generally purchased more expensive homes due to increased housing market prices.
  • Eighty-five percent of buyers purchased previously owned homes.
  • A buyer typically searched for a home for about 10 weeks.
  • The most difficult aspect of the home buying process was finding the right home.

Whether you’re looking to buy or sell a home in Central Vermont, Heney Realtors can help. Contact us today!

 

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    2017 Holiday Events in Central Vermont

    The holidays are just around the corner, so it’s a great time to start making plans to attend some of the festivities in the Central Vermont area! Here are a few of the special holiday events happening this year.


    A River of Light in Waterbury
    December 2, 2017
    Waterbury

    This is the 8th annual lantern parade and it has continued to grow over the years. This year, the theme is “Ripples and Rhythms: Waves of Sound and Light". Make a lantern and march in the parade, or just enjoy watching this festive procession of professional artists and school children and an evening of music and community spirit. Click here for more information.


    Touch of Vermont Holiday Gift Market
    December 16, 2017
    Montpelier

    The 13th annual gift market is a great place to buy holiday gifts and crafts from over 45 Vermont artisans, support your community, and help raise money with a raffle benefiting the Good Beginnings of Central Vermont. Every vendor has donated a Vermont crafted item. The event is fully accessible and admission is free to all. Click here for more details.


    2017 Christmas Concert
    December 16-17, 2017
    Montpelier

    The Onion River Chorus performs 16th, 17th, and 18th-century music from Mexico and Bolivia that speaks a language that we can all move to. For more information, click here.


     

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      Experience Fall in Vermont's Capital City

      Fall is a great time of year to enjoy the outdoors in Montpelier and admire the beautiful red, orange, and yellow autumn foliage. Here are some different ways to make the most of the season in the capital city.

      Fall in Montpelier VTThe Enchanted Forest is a family-friendly celebration of autumn held in Hubbard Park. The 50-foot observation tower is lit up by fire and people enjoy hay wagon rides, storytelling, music, and more. This year, the event is being held on Saturday, October 14.

      Hike the miles of trails at Camel’s Hump and enjoy the spectacular mountain views and beautiful fall colors. On the Huntington side, the Burrows Trail is a popular shorter hike. On the Duxbury side, the Monroe Trail has an accessible loop with three locations to view the summit.

      Hubbard Park has miles of maintained trails, which are perfect for dog walkers and runners. There is an observation tower at the highest point in the park where you’ll find amazing views of the capital city and Camel’s Hump. The park also has a couple of pavilions with grills, water fountains, and picnic tables.

      The North Branch Nature Center has walking trails along the Winooski River and places to just sit back and enjoy the sights and sounds of nature. In the fall, the Center offers outdoor playgroups for parents and children, after-school programs, and other activities.

       

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        10 Ways to Upgrade Your Home with Your Tax Refund

        It’s that time of year again — the weather is getting warmer, flowers are starting to bloom, and taxes are being returned. With a little extra cash in your pocket, there are endless possibilities of what you can do with it. Why not spend some of it on updating your space? Below you will find 10 ways to update your home with your check from Uncle Sam. 

        Recaulk / Paint
        A fresh coat of paint can brighten a whole space. Even just painting baseboards (which get dirty and are often forgotten about) will make a world of difference. 

        Buy a Fabulous Rugopen living room with rug
        Rugs are a great way to tie a space together. As a general rule, the outer edges of the rug should be around 6 inches from the wall in a small room and 18 inches from the wall in larger areas. In an open-concept floor plan, area rugs are a great way to frame seating and dining areas, which will help to define the different uses of the space. 

        Upgrade Your Water Heater
        Not the most exciting purchase in the world, but buying a new water heater can save you money down the road. New models are energy efficient. 

        Upgrade Your Ceiling
        It may be time to actually / finally get rid of the popcorn ceilings in your home. Save yourself some time and a backache and hire a professional to do it. Installing crown molding or box beams can go a long way to creating a fresh look that's visually interesting. 

        Upgrade Your Lighting
        Updating an outdated lighting fixture with a new one can change the entire vibe of a space. If nothing else, you should upgrade your bulbs to LEDS — which are really affordable now, will save you energy and come in a wide variety of colors and wattages. 

        kitchenUpgrade Your Flooring
        Expect to pay between $7 and $12 per square feet for quality wood flooring, more if you have it professionally installed. Hardwood floors, which are super popular among homebuyers, can return 1.5 - 2 times its cost when you sell. 

        Add a Backsplash
        Whether it's peel and stick, or hand-painted glass times, kitchen updates have some of the highest returns on investment. Have natural woods and neutral walls? Opt for a bold pattern!

        Add Curb Appeal
        Why not update your mailbox, get new house numbers, or repaint your front door. Feeling motivated? Repaint the trim around your windows. 

        outdoor patioBuild a Deck
        Homebuyers love decks, and they really aren't that expensive these days (keep in mind price will vary based on materials and size). They typically bring in an 80% - 120% return on your investment. â€‹

        Upgrade Your Outdoor Space
        As warmer weather approaches it's a great time to really make an oasis in your backyard. Think comfy seating, a fire pit, a new grill, water features — the possibilities are truly endless. 

        8 Fun Winter Activities to do in VT That Aren't Skiing

        Vermont is certainly known as a skier and rider’s paradise during the winter months, but that doesn’t mean there isn’t more to enjoy in Vermont from November to March! Below you will find 8 fun things to try in Vermont this winter — that don’t have anything to do with skiing or snowboarding. 

        Sledding

        Two Teen Girls SleddingSledding isn’t just for kids these days! There are several sled makers in Vermont that make adult size steerable sleds. Check out Granville Gulf, between Warren and Granville. Locals recommend exploring this winding stretch of Route 100 just south of Warren. Helmets are advised. Lincoln Gap in Warren is also a popular spot. Lincoln Gap is recommended for experienced sledders. After a 30 minute hike to the top, prepare for an exhilarating 2 mile ride back down! Again, helmets are advised. There are also plenty of public sledding hills that more suitable for younger children. 

        Snowmobiling

        The state of Vermont is home to over 4,700 miles of snowmobile trails. All of which have been maintained and groomed by the Vermont Association of Snow Travelers for nearly 50 years. Most VAST trails run on private land, and are only open during the winter, giving you a truly unique perspective of Vermont. Don’t own your own snowmobile? Head to Stowe and take a tour. Snowmobile Vermont offers a two hour, 25-mile backcountry tour through Mount Mansfield State Forest. They also provide boots and helmets for the ride. 

        Hit the Spa

        Looking to warm up and forget that it’s five below outside? Why not sit inside and be pampered all day. Vermont has dozens of inn and resorts that feature full-service spas

        Ice FishingIce Fishing Huts on the Lake

        Find out for yourself why Vermonters love ice fishing. Check out the Free Ice Fishing Day Festival the last Saturday of January! Free Ice Fishing Day is an opportunity for anyone to go ice fishing without a permit (resident or non-resident). Registration opens at 11 am at Hoyts Landing in Springfield, VT. Fish and Wildlife staff and Let’s Go Fishing volunteers will have ice fishing equipment available for those who don’t have their own. Staff and volunteers will also be available to help the inexperienced learn ice fishing basics. 

        Dog Sledding Tours

        Dog sledding isn’t just for Alaskans! January and February are ideal months to enjoy dog sledding. Vermont is home to many dog sledding teams, several of which offer tours. Not only can you take a tour through the mountains, several tours include an educational piece that will teach you mushing basics. 

        Track a Moose

        Take a hike through one of the many state forests, or sign up to take a guided track with an expert! Join field naturalist Sophie Mazowita the last Sunday in January for a full-day of wildlife tracking in Huntington, VT. The adventure begins with an indoor presentation. 

        See Where it’s MadeBrewery Equipment

        From maple syrup to teddy bears, there are lots of great things made in Vermont. Take a behind the scenes look at some of Vermont’s largest companies. Take a brew tour at one of the many breweries all over Vermont, why not see how some of the most notable brands brew their beers?! You should note that not all breweries offer tours, so it’s a good idea to check ahead of arriving. There are also several companies in the state that offer organized tours. Or check out a sugarhouse in late winter to see how maple syrup gets made! Or how about checking out the Ben & Jerry’s Factory? From furniture to cheese, there's a tour for everyone in the family. 

        See a Play, Musical, Stand-up Event and More

        Vermont has always had a strong arts community. Check out the Lost Nation Theater in Montpelier to see community theater at it’s finest. Positive Pie in Montpelier serves up live music weekly. There is always something going on at Higher Ground in Burlington and the Rusty Nail in Stowe. Check out the Vermont Calendar of Events for more information about what’s currently happening throughout the state.