June Special Section
2 | June 2021 | NorthFulton.com | ForsythHerald.com
REAL ESTATE REPORT • Sponsored Section
The Current Housing Market: Bubble or No Bubble? Brought to you by - Tammy Weaver, Realtor Ansley Real Estate Stories of bidding wars and multiple offers with outrageous terms are feeding current “bubble” fears. Of course, homeowners want to take advantage of the incredible “super sellers” market and don’t want to miss the opportunity to maximize their gains. WEAVER Meanwhile, exhausted buyers are fearlessly pursuing their dream home in a gladiator-like quest for victory where the winner gets the house after an intense bidding war. Many buyers are discouraged, and fear overpaying for a home and have opted to sit out the market in the hopes of the “bubble” bursting and prices declining. The Expert Outlook Home ownership has long been regarded as a wealth building strategy in America and many are worried about the value of their largest asset plummeting. The good news is that there is strong consensus among economists and industry experts that we are not poised for the “bubble to burst.” Lawrence Yun, chief economist of the National Association of REALTORS® recently said, “This is not a bubble. It is simply lack of supply.” Those sentiments were echoed by Vishwanath Tirupattur, a Morgan Stanley strategist, when he told clients last week that “we have strong conviction that we are not experienc-
ing a bubble in U.S. housing.” No one is suggesting that home prices will continue to rise at their current pace (up 13% from a year ago), but prices are expected to continue their upward trend albeit at a much more gradual pace. How did we get to this point? Many factors combined to create the “perfect storm” we are experiencing today. The primary culprit is the lack of inventory due to a 10-year deficit in new housing starts. Additionally, mortgage rates close to record lows have continued to attract buyers despite rising prices and an influx of “cash rich” buyers from other markets have played a big role in creating this uber competitive landscape. According to the latest Case Shiller U.S. National Home Price Index, home prices have risen for 10 consecutive months and continue to climb. What comes next? Buyers will be relieved to know that housing inventory is projected to increase due to new home construction, the end of the mortgage forbearance program and the increasing comfort level of homeowners who delayed selling due to COVID-19. Sellers can rest assured that even with the influx of homes coming on the market, demand is forecasted to remain strong through 2021. Those haunted by memories of 2008 can take solace in the fact that the fundamentals of our market today are very different. Lenders are no longer issu-
ing the risky loans that were common in the mortgage industry from 2004 to 2006. 30-year industry veteran Cynthia Lippert, Managing Broker – Ansley North, agrees that we are seeing the most highly qualified buyer pool in decades. There’s no question that navigating this fastpaced market requires expertise and experience; but with the right real estate agent in your corner, you’re sure to get the best outcome whether buying or selling.
How to Prepare Your Home to Beat the Heat ALPHARETTA 3545 Granton Street Offered for $1,699,900 Julie Allan 404.405.6908 Matthew Schwartzhoff 678.591.6902
770.442.7300 atlantafinehomes.com sothebysrealty.com
Atlanta Fine Homes, LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. 1125 Sanctuary Parkway, Suite 400, Alpharetta, Georgia 30009.
Brought to you by – BILL RAWLINGS, Senior Vice President & Managing Broker, North Atlanta Office Atlanta Fine Homes Sotheby’s International Realty Summer is right around RAWLINGS the corner. Even though it is not official until June 20, it sure feels like it with temperatures already in the 90s. Before you grab your swimsuit and sunscreen to head outside, you need to make sure your house is ready for the heat. Summer months can bring the highest energy costs of the year, but they can also be dangerous. There are several things you can do to ensure your home stays comfortable and safe during the summer months. 1. Update Your Insulation This will keep the hot air out of your home and the cool air in. If your home is poorly insulated, you could end up spending more money on your electric bill. Many older homes have less insulation than homes built today,
but even adding insulation to a newer home can pay for itself within a few years. There are several different types of home insulation: crawl space, roof, ceiling, wall and floor, attic and duct. You can simply add more insulation on top of existing insulation. 2. Give Your Air Conditioner a Checkup Now is the time to make sure your air conditioning is in perfect working order. You don’t want to wait until it breaks on a hot day to have it inspected. First, turn off the power. On the inside, wash or vacuum cleanable filters and replace disposable ones. On the outside, cut the grass, clean out any debris and consider removing plants that block the unit. From there, SafeElectricity.org says you can leave your AC on while you’re away and test it out. If you’re looking for a test that’s a little more detailed, you can turn on the unit and check it with a thermometer. 3. Change Your Ceiling Fan Direction Did you know your ceiling fan is designed to rotate differently depend-
ing on the season? Changing your ceiling fan direction seasonally is one of the simplest ways to get the most out of your ceiling fan. In winter months, it should rotate clockwise to help distribute heat that’s risen. In the summer, you should run your fan counterclockwise at higher speeds to push cool air down to the floor. Even though the ceiling fan does not reduce the temperature inside of the room, it does help the room feel cooler. It has also been found that the average ceiling fan can lower a room’s temperature by four to five degrees. Check to see which direction the fans in your home are moving, and, if necessary, hit the small black switch near the base to change directions. Preparing your home for the heat will keep your home in top shape for when you decide to sell. If you need assistance selling your home or have any other real estate needs, please contact Atlanta Fine Homes Sotheby’s International Realty at 770.442.7300. We would be happy to assist you! Compiled and edited by Dana Daniels, Marketing Associate
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What Separates A Trusted Advisor From The Crowd? A TRUSTED ADVISOR...
LISTENS PUTS THE CLIENT FIRST EXUDES CONFIDENCE & ADVICE KNOWS THEIR STUFF UNDERSTANDS THE BIG PICTURE ANSLEY IS YOUR TRUSTED REAL ESTATE ADVISOR
319% 111%
IN LUXURY PROPERTIES OVER $1 MILLION
IN ALL PRICES
HIGHEST SALES GROWTH IN 2021
ANSLEYRE.COM DOWNTOWN ALPHARETTA 31 CHURCH STREET | 770.284.9900 All information believed to be accurate, but not warranted | Equal Housing Opportunity source: BrokerMetrics YTD 2021 vs. 2020 areas 13 & 14 all prices + $1M+ | ++ Inspired by James Alexander
4 | June 2021 | NorthFulton.com | ForsythHerald.com
REAL ESTATE REPORT • Sponsored Section
The empty nester’s guide to home improvement Brought to you by - Remodeling Expo Center The kids have graduated college, the weddings are paid for, and it’s time for you to enjoy your golden years. Unfortunately, you may have also realized that “downsizing” has become more expensive than keeping your existing house! ”Not simply accounting for the transactional costs of moving, but the terrible reality of the present housing market, is that newer small homes cost more than your larger home” says John Hogan president of Remodeling Expo Center. John continued, “an increasingly large number of our customers are empty nesters, and they’re all adapting their 1980’s or 1990’s-built home to become more current and appropriate for their later years. The present interest rate environment is fueling the rapid growth in remodeling in the form of the cash-out refi”. These are the most common empty nester remodeling projects in North Atlanta. Kitchen Upgrade. Adapting the kitchen for more occasions, and more people, kids plus grandchildren. Frequently improving circulation by incorporating an island with an eating area for grandchildren is a common goal. Improving accessibility of cabinets with roll-out drawers and improving storage are almost always included.
Flooring and Stairs. A highly desirable upgrade is the front entry to the home because it’s the first this you see when entering the house. Removing aged carpet runners on stairs, replacing white pickets with black metal on stairs, and re-staining hardwood floors from the 1980’s honey color to one which is darker, are all common changes made by empty nesters. Master Bathroom. Empty nesters are very focused on, not only improving the “feel” of their bathroom, but also safety aspects. “Fortunately, there are a wide range of products that incorporated safe, non-slip surfaces that also look fabulous” says Brittany Lingerfelt, head designer at Remodeling Expo Center. Grab bars, frameless glass, level entry showers, and therapeutic tubs are all common requests. Value Preservation. Empty nesters are increasing young at heart, and just because the kids are out of the house, doesn’t mean they’re not focusing on value and return on investment. “This is where we can offer significant consultation”, says John Hogan, “We understand our customers and they rely on us for honest advice. For more information of how to improve the value of your home, contact The Remodeling Expo Center at 404 910-3969 or stop in at 48 King Street, Roswell, GA 30075. www.RemodelingExpo.com.
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Treat yourself to a new home this summer Brought to you by – BERKSHIRE HATHAWAY HOMESERVICES GEORGIA PROPERTIES Built by award-winning builder, Patrick Malloy Communities North Atlanta’s real estate market continues to set record sales and inventory levels remain low especially in popular locations like Historic Roswell. Just in time for summer, Patrick Malloy Communities has put their stunning model home at Hillandale on the market! Charleston inspired Hillandale is located just minutes from the heart of Roswell and currently has two more homes under construction that are on target for a late summer move-in. These sophisticated four- and fivebedroom homes include the newest floorplan, the “Galway” and the award winning “Hillandale” floor plan. Each plan is thoughtfully designed with an abundance of entertaining spaces both indoors and out. Homeowners at Hillandale enjoy a convenient location minutes from downtown Roswell. The Chattahoochee River Nature Preserve is just a short drive away with kayaking on the river, biking and walking trials, and summer music series. Hillandale’s sales center at 3020 Barnes Mill Court Roswell, GA 30075
Patrick Malloy Communities also offers two additional award-winning neighborhoods in North Atlanta. Wescott, from the $800’s, is a gated community featuring state-of-the-art amenities and located across from
highly acclaimed Lambert High School in South Forsyth. Only five homesites remain. Milton Run, from the 900’s1.4M, features urban farmhouses and is part of the Cambridge School District. Only four opportunities remain.
For more details www.PMCommunities.com Patrick Malloy Communities is represented by Berkshire Hathaway HomeServices New Homes Division. An Equal Housing Oppor tunity.
6 | June 2021 | NorthFulton.com | ForsythHerald.com
1260 COLD HARBOR DRIVE
ROSWELL, GA 30075 | $520,000 The Butler Swayne Team | 770.241.9165
14785 EAST BLUFF ROAD
REAL ESTATE REPORT • Sponsored Section
13720 BETHANY ROAD
1310 MOUNT PARAN NW
MILTON, GA 30004 | $3,395,000 Todd Kroupa | 770.910.4860
ATLANTA, GA 30327 | $1,750,000 Phil Houston | 404.597.2749
15430 BIRMINGHAM HWY
1077 CANTON STREET #1
MILTON, GA 30004 | $3,250,000 Todd Kroupa | 770.910.4860
MILTON, GA 30004 | $1,200,000 Kelly Finley | 678.468.4990
3119 W ADDISON DR, LOT 830
2435 MOUNTAIN ROAD, LOT 187
ALPHARETTA, GA 30022 | $409,000 Jenifer Cusick | 404.932.4962
MILTON, GA 30004 | $396,703 Diane Payne | 404.431.1499
ROSWELL, GA 30075 | $1,050,000 The Butler Swayne Team | 770.241.9165
2285 MOUNTAIN ROAD
MILTON, GA 30004 | $3,800,000 Todd Kroupa | 770.910.4860
MARY WARGULA
Work With The Best
Senior Vice President | Managing Broker O. 770.475.0505 Mary.Wargula@BHHSGeorgia.com
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REAL ESTATE REDEFINED FEATURED LISTINGS
415 BODIUM COURT
MILTON, GA 30004 | $1,499,000 Cathy Adams | 678.488.7568
6540 RIVER CHASE CIRCLE
3973 WEBB BRIDGE
ALPHARETTA, GA 30005 | $1,250,000 Rhonda Hofer | 770.871.9600
355 MAJESTIC COVE
4116 LOWER ROSWELL ROAD MARIETTA, GA, 30068 | $1,249,900 Maryam Schwegman | 770.475.0505
255 RIVER SPRINGS DRIVE
SANDY SPRINGS, GA 30328 | $1,050,000 Michelle C Merrill | 404.444.4080
ALPHARETTA, GA 30004 | $799,000 Anne Cintron | 404.483.7623
ATLANTA, GA 30328 | $550,000 Nils Ericson | 770.475.0505
NEW CONSTRUCTION
NEW CONSTRUCTION
NEW CONSTRUCTION
PATRICK MALLOY COMMUNITIES
PATRICK MALLOY COMMUNITIES MILTON RUN, MILTON, GA | $900’s - $1.4M+
WESCOTT, SOUTH FORSYTH, GA | $800’s - $1M+
BHHSGANEWHOMES.com | 770.254.5372
BHHSGANEWHOMES.com | 678.578.6821
BHHSGANEWHOMES.com | 770.254.5358
HILLANDALE, ROSWELL, GA | $800’s - $1M+
PATRICK MALLOY COMMUNITIES
NORTH FULTON OFFICE | 33 South Main Street, Suite 201, Alpharetta, GA 30009 | 770.475.0505 ©2021 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Information deemed reliable but not guaranteed. Equal Housing Opportunity.
8 | June 2021 | NorthFulton.com | ForsythHerald.com
REAL ESTATE REPORT • Sponsored Section
Bedroom space planning… Brought to you by – Peter Benedetto, Tuscany Fine Furnishing When assisting my clients in making furniture selections for their bedrooms I always stress the importance of space planning. Many costly mistakes can be avoided when precise measurements are taken along with noting door and window placements. I suggest that you first determine the placement of the bed while keeping in mind the difference in dimensions between a king, California king and queen size bed. A king size bed usually measures 85”W x 90”D. The California king size bed is longer measuring 94”D. A queen size bed usually measures 67”W x 90” D. There is not a California queen size bed. Beds will vary in height depending upon their style and the mattress that is being used. A platform style bed will always be lower than a panel or four posted bed. Complete beds, include headboards, side rails and foot boards. Be aware of the fact that opting for just a headboard requires it to be attached to a mattress frame or the wall. A bed skirt is suggested to cover the unsightly mattress frame and box spring. Choosing a bed is much like finding the perfect chair, comfort, style and functionality all play a part in determining your selection. A current trend is the upholstered bed, they are available in many frame choices ranging from tufted to tailored. There are great choices of high-per-
formance fabrics available. After you have decided on your bed consider the space you have on either side for nightstands. Here are some guidelines to consider regarding bedside tables, keep the height even or slightly below the height of the mattress. Bachelor chests are always larger than nightstands and can provide extra storage while making a stunning statement when space permits. Nightstand dimensions range from 32”W / 34”W they are available with one, two, three drawers or open shelves. Bachelor chests measure 38”W. Whether you choose symmetry or would like to use two different bedside pieces be sure they are at equal height and in proportion to one another. It is important to balance your lighting on either side of the bed. I often add artwork or mirrors over the nightstands or chests. This brings another visual dimension to the room. If drawer space is needed a dresser, and chest of drawers may be placed in the room, many bedrooms have large storage designed closets and the need for extra storage is not a necessity. You may want to choose a console or media chest to bring balance to a room. A chaise or a couple of comfortable chairs and ottoman always make a welcomed addition. When using a rug under the bed, place one third of the rug under the foot and extend two thirds out into the room. Following these suggestions will assist in creating a beautiful bedroom!
Peter Benedetto, is an accomplished, award winning Interior Designer, with Tuscany Fine Furnishings, Offering Lifestyle Driven Design...Furnishings for Every Room in Your Home, 1570 Holcomb Bridge Rd. Suite 315, in Roswell, 770-993-0640 ext. 2, Showroom Hours: MonSat 10-6 p.m. Sun. 1-5 p.m… See why…26,000 Families Follow and Shop Tuscany on Facebook, Instagram, Google Business and YouTube Everyday!
TUSCANYFINEFURNISHINGS.COM
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h S o l w l e r oom Featuring w s o R s ’ Y N A C S U T n s I p e i l r e y d Showcases! t s e f i L e u q i n U 30
Lifestyle Driven Design...Furnishings for Every Room in Your Home Showroom Hours Mon-Sat 10-6 • Sun 1-5 12 Months No Interest Financing Available
See Why 26,000 Families Shop Tuscany on Facebook, Instagram, Google Business and YouTube Everyday! 1570 Holcomb Bridge Rd., Roswell | TuscanyFineFurnishings.com | 770-993-0640
10 | June 2021 | NorthFulton.com | ForsythHerald.com
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The best time for new beginnings is now. Forever moving you. “A home is one of the most important assets that most people will ever buy. Homes are also where memories are made and you want to work with someone you can trust.” WARREN BUFFETT, CHAIRMAN | BERKSHIRE HATHAWAY INC.
www.BHHSGeorgia.com ©2021 BHH Affiliates, LLC. An independently operated subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and a franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.®
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REAL ESTATE REDEFINED F E AT U R E D L I S T I N G S
2966 PACES LAKE COURT SE ATLANTA, GA 30339 | $2,850,000 Lindsay Levin | 404.667.3232
1961 PEELER ROAD
5620 CLAIRE ROSE LANE
SANDY SPRINGS, GA 30327 | $2,300,000 Lindsay Levin | 404.667.3232
710 TROWGATE COURT
DUNWOODY, GA 30338 | $915,000 Thomas Sheeran | 404.307.5538
SANDY SPRINGS, GA 30350 | $700,000 Jodi Halpert | 404.513.5151
4101 TOWNSHIP PARKWAY, UNIT 66
2477 GATEBURY CIRCLE, UNIT 26
ATLANTA, GA 30342 | $500,000 Lindsay Levin | 404.667.3232
SALLY MOORE
Senior Vice President Regional Manager
Senior Vice President Managing Broker
DeAnn.Golden@BHHSGA.com
D. 404.401.0493 O. 770.393.3200
Sally.Moore@BHHSGA.com
4918 LEEDS COURT
DUNWOODY, GA 30338 | $575,000 Mary Ellen Harris | 770.656.0768
CHAMBLEE, GA 30341 | $489,900 John Damouni | 404.797.8058
DEANN GOLDEN
D. 404.723.7674 O. 770.393.3200
2875 N HILLS DRIVE
ATLANTA, GA 30305 | $1,099,000 Lindsay Levin | 404.667.3232
620 GLEN IRIS DRIVE NE
ATLANTA, GA 30308| $290,000 Meredith Hale | 912.667.5670
Local Experts.Outstanding Results. Dunwoody Office | 770.393.3200 5481 Chamblee Dunwoody Road | Dunwoody, GA 30338 Smyrna-Vinings Office | 770.379.8040 4125 Atlanta Road SE, Suite 200 | Smyrna, GA 30080
BERKSHIRE HATHAWAY HOMESERVICES GEORGIA PROPERTIES
12 | June 2021 | NorthFulton.com | ForsythHerald.com
REAL ESTATE REPORT • Sponsored Section
Bought a 2x4 Lately? Brought to you by – Dan Griffin Keller Williams First Atlanta If you are remodeling or improving your home, you may have noticed the high cost of materials. Also, I am hearing it is now difficult to get GRIFFIN contractors lined up for work-especially minor jobs. New home builders are not building enough homes to meet demand, and it may take years to catch-up. So, with our current interest rates, and lack of supply prices continue to go up. In Atlanta we were seeing annual appreciation of 5-6%. Now it is 10-12% depending on the neighborhood. Before making changes to your home ask, “What improvements result in the best return-on-investment when selling?” Even if there is no immediate plan to sell, homeowners want to know that the money they are spending to remodel the kitchen or baths will add value when selling. An excellent source of data available related to this decision is Remodeling-Cost vs. Value Report provided by Remodeling Magazine. This is an annual
Did this ad catch your eye? Then imagine the MONSTROUS number of other readers that noticed it too! Advertise your products and services in our newspapers and get noticed by our 232,500 readers every week in North Atlanta.* CONTACT YOUR MEDIA REPRESENTATIVE TODAY AT 770-442-3278!
319 North Main Street, Alpharetta, GA 30009 | AppenMedia.com *Based on total circulation of 93,000 homes delivered x 2.5 readers per home (newspaper industry standard).
report for the country, region and Atlanta, which shows popular improvements and the value they contribute to the home, if sold. For example, in Atlanta the average cost for a deck addition is $13,955. Resale value would be $10,143, which is 72.7% of the cost recouped. Of course, the more recent the work, the higher value of the improvement. Before starting any remodeling in this new year, check the Remodeling-Cost vs. Value Report. If you would like a free copy emailed to you, please contact me. Dan Griffin Broker/Realtor dangriffinadvisors@kw.com
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Your Neighborhood Paint & Stain Shop Brought to you by - in.SIDE.out Paint Centers The crew at in.SIDE.out Paint Centers has the right products, the right expertise, the right service, and the right prices. We have expertise with interior/exterior residential, commercial, and industrial paints. Additionally, we focus on deck stains, floor epoxies, cabinet finishes, and mineral paints. We love our work, our customers, and our community! We are locally owned and focus on building lasting relationships by providing excellent product knowledge, customer service, and a personal experience every customer will appreciate. Our team can help you identify and understand the right products, ensure you get the perfect color, and can walk you through preparation and painting steps, tips and tricks. We take time to educate our customers - on color, sheen, and products. We offer delivery services for our painters and color consultations for our retail customers. We are happy to refer you to a local painter as well. With Benjamin Moore products such as Aura, Regal, Ben, and Advance paint (and more), these premium products provide a great level of washability, scuff resistance, fade resistance, and color lock technology - to keep your home looking great and protected for many years. With Romabio Mineral products, you achieve an effortless modern style, with high-quality natural ingredients, and beauty like no other finish. Classico
Color Samples...Buy 1 Get 1 Free! Offer expires 7/15/21. Not valid with any other offers Limewash is a gorgeous, one coat process that gives you a charming old-world feel. M asonry Flat/Textured mineral paints are our most durable and breathable coatings for brick, stone, and stucco.
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ALPHARETTA 12480 Hopewell Offered for $3,750,000 Bonnie Majher 678.575.4439
CANTON 5172 Arbor Hill Road Offered for $1,599,900 David Kaufman 770.480.9694
atlantafinehomes.com | sothebysrealty.com | 770.442.7300 Atlanta Fine Homes, LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. 1125 Sanctuary Parkway, Suite 400, Alpharetta, GA 30009.
ROSWELL 10731 Alpharetta Hwy | Roswell, GA EAST COBB 4880 Lower Roswell Rd #135 | Marietta, GA (770) 702-8888 | inSIDEoutPaintCenters.com
14 | June 2021 | NorthFulton.com | ForsythHerald.com
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