Luxury Collection | Southeastern Montana | Fall 2022

13531 COPPER LANE 1205 RIMHAVEN WAY 2620 CLARKS POINT DR 6113 CREEK CROSSING RD 2310 TRAILS END RD 2145 FAIRVIEW PL 1320 BANDON DUNES WAY 7409 CHAROLAIS ST 2528 ASPEN CREEK TRL 2529 BUFFALO RIDGE TRL

3441 MASTERSON CIR 2508 ASPEN CREEK TRL 4706 SKY VISTA 4528 SWAN LN 4913 GOLD CREEK TRL 5925 RAINBOW RIDGE RD 2753 BURLWOOD DR 6253 IRONWOOD DR 2826 POLY DR 104 N BROADWAY #405

FALL 2022

Whether you own a home or looking to buy or sell one, here are the latest Good To Know articles for when you’re ready to take the next step in finding your Forever Home.

HOMEBUYERS, HOME IMPROVEMENT, LIFESTYLE LUXURY, HOMEOWNERS, LIFESTYLE

IS NOW THE TIME TO REMODEL?

With today’s runaway inflation and rising interest rates, it may seem like a good idea to put your remodeling plans on hold. Or, maybe not.

According to the Leading Indicator of Remodeling Activity (LIRA) by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, remodeling expenditures are expected to cool down from 17.4 percent in 2022 to 10.1 percent by Q2-2023. Despite slowdowns in homebuilding, retail building sales, and renovation permits, remodeling expenditures should reach $450 billion, twice the historical average.

As home sales decelerate, so will the need for contractors and materials. BusinessInsider.com reports that lumber prices are already down to $604.50 per thousand board feet in July 2022, 65% off from the 2021 high of $1,733 per thousand board feet. Lumber’s piling up at sawmills and retailers, making contractors and materials more affordable.

But, as long as overall inflation escalates, the Federal Reserve will keep raising overnight borrowing rates for banks, increasing the likelihood of a recession. Bloomberg.com says that over the next 12 months, a brief, mild recession is 47.5% likely.

If you decide to remodel, remain in your home for at least five years to weather further housing market volatility.

BUYING LIFESTYLE REAL ESTATE

Are you living the lifestyle you want? Join the growing group of homebuyers who are valuing lifestyle over luxury and quality over quantity. The property you buy should bring more comfort and convenience to your daily life.

For some, lifestyle is about displaying wealth, such as a big home in a pricey neighborhood. For others, it’s location, like living on the beach or in a guard-gated community.

According to LuxuryActivist.com, time is the ultimate luxury. Your home should facilitate more time for family and friends, hobbies and interests, and healthy exercise. Lifestyle is about having the time, space, and equipment to do the things you want to do.

When you shop for a home, look carefully at how space is allocated for each room and activity. Is the kitchen arranged comfortably for family meal preparation? Is there space for you and your partner to each have a home office? You may prioritize sustainability through solar-power and xeriscaped lawns.

Your lifestyle should be free from compromise, like suffering a long daily commute to fund a dream home. Once you’ve moved, take the time to enjoy your home, play with your children, and watch glorious sunset views from your balcony.

(406) 254-1550 bhhs@floberg.com www.bhhsfloberg.com

BerkBerkshire Hatha shire Hathawwaay HomeSer y HomeServicvices Floberg Real Estat es Floberg Real Estatee

Not Your Ordinary Real Estate Agents

A Luxury Certified Real Estate Agent for Berkshire Hathaway HomeServices is much more than a title.

To qualify for the Luxury Collection SpecialistSM designation, a sales professional must have closed three qualifying* luxury sides within the past two years. The designation is valid for two years. To retain the designation for a third year, the sales professional must close at least one luxury transaction during the second year and actively participate in the Berkshire Hathaway HomeServices Luxury Collection marketing programs.

*Qualifying sides = Top 10% of the sales professional’s local market.

2508 Aspen Creek Trail| Billings, MT 59106

It truly makes our year to see the kind of support from our clients and friends. We always try to have a Consumer Strong approach, follow the Golden Rule, and it's so great to see this Forever Agent mindset being recognized.

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