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Real Estate

4 things that can lower the value of your home

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Even if you don’t intend to sell your home anytime soon, you’d probably like it to eventually be worth more than you paid for it. While some factors are out of your control, there are decisions you can make as a home¬owner that will either boost or lower the value of your property. If you want to increase the value of your home, here are four things you should avoid.

1. Poorly executed renovations
If you want to expand the kitchen, redo the bathroom or build a deck in the backyard, it’s best to hire an experienced professional. While it might cost less in the short term, a do-it-yourself renovation can significantly decrease the value of your property, especially if the workmanship doesn’t comply with regulations.

2. A lack of maintenance
Whether you fail to replace the roof, upgrade the plumbing or perform other upkeep as needed, neglect can seriously influence how much buyers are willing to pay for your home. Plus, if you wait to complete necessary repairs, they’re likely to become more expensive.

3. Too much carpeting
Carpets retain smells and can trap particles such as dust mites, pet dander, and other allergens. They’re also difficult to clean, and they wear out over time. Additionally, since removing this type of floor covering is time-consuming and expensive, its presence may deter potential buyers.



4. A dated bathroom or kitchen
Home decor trends change over time, which can leave certain rooms looking like they’re trapped in another decade. If all the fixtures in your bathroom are turquoise, or your kitchen cabinet doors are too ornate, potential buyers may try to lower the price so they can afford to update the space.

To find out how you can maximize the value of your home before putting it on the market, consult a local real estate agent.

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Community Events

Real estate and community news with Jen Avery, REALTOR

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This year I would like to add community news to the Warren County Market Reports every month. We have several upcoming events to put on your calendar!

COMMUNITY NEWS

Front Royal Women’s Resource Center

  • Women’s Wellness Workshop – February 5 from 9am to 1pm | Virtual
    • Visit this link to register: frontroyalwomenswellness.com
    • YOU MUST RSVP to receive the Zoom Link
    • Presented by Front Royal Women’s Resource Center & The Phoenix Project
    • Sponsored by Valley Health and Friends of Samuels Library.
    • Virtual event jampacked with amazing presenters/workshops from 21st Century Investing to Movement, Creativity, Nutrition and so much more. Goodie bags with information, tools and of course goodies for the first 50 who sign up.

House of Hope

  • Empty Bowl Supper
    • date to be determined soon!

Humane Society of Warren County


  • Polar Plunge – January 15 at 11am | 4H Center Lake
    • Interested in sponsoring a plunger? Please help our local animal shelter care for all of our animals needing a forever home. Visit this site for all details: hswcevents.org/polar-plunge

Rotary Club of Warren County

  • Ride With Rotary – April 5 starting around 9am with staggered start times | Rockland Park
    • New fundraiser brought to you by the Rotary Club of Warren County. Beneficiaries for the ride are Reaching Out Now and Cars Changing Lives. 4 ride routes, all ages and all riding experience levels.
    • Event link: https://fb.me/e/1ngbJweEg
    • Registration will begin early February.
    • Sponsorships are needed. Contact Ellen Aders for more information on sponsorship levels. Great way to get a little exposure for your company!

Logan Maiatico Foundation

  • Alfredo Birthday Dinner Fundraiser – January 29 from 5:30-8:30 | Front Royal Volunteer Fire Hall
    • The Logan Maiatico Foundation has been established to continue the legacy of Logan Maiatico, Logan was loved by all of his friends, family and community and was known for spreading love to everyone he interacted with.
    • Enjoy alfredo birthday dinner, Logan’s favorite meal! Ten dollars per person paid at the door. All proceeds will go to the Logan Maiatico Foundation in memory of Logan. Interested in swag? Visit: thestitchesandbows.com/live-like-logan

Warren Coalition

  • We See You, Warren County – sign up (free) online to join this “movement” to help bring our community together. Follow on Facebook! You are going to love it! #WeCUWC

REAL ESTATE

Warren County Market Report for December 2021 with Jen Avery, REALTOR

Watch this video for a quick summary of Warren County real estate for December 2021. We are back in the green. Numbers have climbed during December. Charts demonstrate the changes in the market, so be sure to click play!

In general summary:

  1. New Listings are UP 17.8%.
  2. New Pending UP 1.9%.
  3. Closed sales are UP 12.9%
  4. Average Median Sold $333,450
  5. Average Days on Market 31

*If you would like a copy of this report emailed to you, please send request to jenaveryrealtor@gmail.com.

Resource: December 2021 Market Stats by ShowingTime
Bright MLS: Statistics calculated January 2022.

Jennifer Avery, REALTOR® “Your Happy Home Expert!”
BPOR, SRS, CNE, E-Pro Certified | Licensed in VA
jenaveryrealtor@gmail.com | 540-683-0790
CRUM REALTY, INC | 318 S Loudoun St, Winchester VA 22601 | 540-662-0400

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Real Estate

4 expenses homeowners pay that renters don’t

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Do you want to become a homeowner? While there are many benefits to owning property, there are also numerous costs. In addition to the price of the home, here are just some of the expenses you’ll need to factor into your budget.

1. Property taxes
If you own a house or condominium, you’re responsible for paying taxes to your local government to fund services such as garbage collection, road maintenance, policing, and more.

2. Homeowner’s insurance
Although tenants typically pay for renter’s insurance, it’s important to be aware that homeowner’s insurance is a lot more expensive. This is largely due to the fact that if you own the property, you need to insure the actual structure of the home, not just its contents.

3. Mortgage interest
This is an expense you’ll have to pay for the duration of your mortgage. The amount required will depend on the time over which your mortgage is amortized, the frequency of your payments, and the rate and type of interest.


4. Maintenance and repairs
Gone are the days of simply calling the landlord if an appliance stops working or there’s no hot water. From simple electrical repairs to replacing the roof or flood-proofing the basement, all home maintenance tasks are the homeowner’s responsibility.

Before you decide to buy a home, it’s a good idea to consult a financial adviser to ensure you’re making the right choice based on your needs and circumstances.

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Real Estate

How to maintain your home’s curb appeal in winter

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Do you want to put your house on the market this winter? If so, you’ll need to make sure the cold, dreary weather doesn’t detract from your property’s curb appeal. Here’s how to give potential buyers a great first impression.

• Paint your front door. This is a simple way to make your home stand out. A bold color like blue, red, or yellow is sure to pop against a snowy landscape.

• Update your number and mailbox. Replace peeling sticker numbers and a rusty mailbox with quality pieces that match the style of your home’s exterior.

• Spruce up your outdoor lighting. Since the days are short in winter, illuminating your home should be a top priority. The warm glow of light from wall sconces or a porch chandelier will improve your home’s appearance and visibility.


• Add color to your yard. Plant evergreens, frost-resistant flowers, and shrubs with colorful stems and berries to liven up your winter landscaping and make your property more inviting.

• Clear a path to the door. You’ll want to ensure your property is safe for buyers to visit. Remember to keep surfaces free of snow and ice, especially before an open house.

For more expert tips on selling your home in winter, consult a local real estate agent.

 

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Real Estate

Market still sweet for sellers, but slowing

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Two years ago, the real estate market was sweet and hugely profitable for sellers.

Record-low interest rates made buying homes attractive, but there weren’t a lot of homes on the market, so buyers were paying more and sellers were getting great prices.

In 2022, the market is still great for sellers but the picture is beginning to change, market watchers say. The market is said to be ‘normalizing.’

Or not.


Realtor.com predicts that 2022 real estate prices will continue to rise, but not as quickly as the last two years. Economists predict a slower rise of just 2.9 percent, compared to 12 percent in 2021.

Meanwhile, they think mortgage rates will rise, and though there will be plenty of buyers, there still won’t be very many houses on the market. Homes for sales will still be at record lows, with a barely perceptible rise of .3 percent. Again in 2022, this is good news for sellers.

Suburban home demand will continue as buyers leave cities and look for bigger spaces as they spend more time at home.

Mortgage rates may rise from an average of 3.3 percent to 3.6 percent by the end of 2022, according to Freddie Mac data.

Meanwhile, Zillow expects home values to rise by 13.6 percent, ending in October 2022.

The end of 2021 showed higher than expected sales of existing homes. Zillow predicts those sales to continue to rise.

Zillow analysts also expect mortgage rates to rise, driven by inflation. Slightly fewer people are refinancing, but home-buying remains strong, along with retail sales, even in the presence of price increases.

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Real Estate

Ask the Expert: We want to buy a house, but home prices are very high. Will prices come down in 2022?

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No one can predict the future, but analysts continue to say home prices will stay high, and probably rise higher in 2022.

It’s a great time to sell a home, with prices up 20 percent nationally.

To understand this, consider the principle of supply and demand.

When people want to buy houses, that is called demand. When there are houses to sell, that is called supply. Prices are currently high because there are lots of people who want to buy houses and not enough houses for sale. So the supply of houses is low compared to demand.


What happens then is that buyers offer high prices for the houses that are available and sellers also ask for higher prices. If there were more houses for sale, prices could go down, especially at the current affordable interest rates on mortgages.

But many things affect this supply and demand tradeoff.

In the current market, one reason for low supply is that the home building industry has been unable to build as many homes as they could sell. They can’t get the building materials and they are short of workers. According to the U.S. Bureau of Labor Statistics, construction employment in October was still 201,000 jobs below its February 2020 level.

Laws can affect supply. Strict zoning laws and construction regulations make it difficult or impossible to build apartments and homes in some states and areas, so housing stock becomes tight.

On the other hand, prices that stay very high for a long time can, in fact, lower demand as buyers become discouraged. Then, more houses go unsold and sellers lower prices to entice buyers.

Meanwhile, rents can go up because it costs more to buy a rental property and there is more demand for a rental property if people can’t afford to buy houses.

All that said, here’s a good rule of thumb: The best time to buy a house is when you are ready.

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Real Estate

How to set up your home as a short-term rental property

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Are you interested in listing your property on a website like Airbnb or Vrbo? While this can be a great way to meet people and boost your income, there’s a considerable amount of planning and preparation required. Here’s what should be on your checklist:

• Find out if you’re allowed. Depending on the zoning in your area, you might need a special permit to rent out your home, or it might be prohibited altogether. If applicable, you’ll also need to get permission from your landlord or condo association.

• Ensure the property is safe. Firstly, you’ll need a secure way for guests to enter and leave the space. If renters will have access to appliances, they should be safe and in good working order. You’ll also need to clean the place between guest stays.

• Make the space inviting. When you create a listing for your home, be sure to include a complete inventory of the amenities you of¬fer and plenty of photos so guests know what to expect. Details about the surrounding area are also helpful.


• Respond to concerns quickly. As the host of a rental property, you’ll need to be available to answer questions and address any problems that may arise. Make sure you’ll have time to manage the property or hire someone to do it for you.

Once you’ve set up your home as a rental property, you’ll be ready to welcome your first guests.

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Thank You to our Local Business Participants:

@AHIER

Apple Dumpling Learning Center

Apple House

Auto Care Clinic

Blue Ridge Arts Council

Blue Ridge Education

BNI Shenandoah Valley

C&C's Ice Cream Shop

Code Ninjas Front Royal

Cool Techs Heating and Air

Down Home Comfort Bakery

Downtown Market

Dusty's Country Store

Edward Jones-Bret Hrbek

Family Preservation Services

Front Royal Women's Resource Center

Front Royal-Warren County Chamber of Commerce

Gourmet Delights Gifts & Framing

Green to Ground Electrical

Groups Recover Together

I Want Candy

I'm Just Me Movement

Jen Avery, REALTOR & Jenspiration, LLC

Main Street Travel

Makeover Marketing Systems

Marlow Automotive Group

Mary Carnahan Graphic Design

Mountain Trails

National Media Services

Ole Timers Antiques

Phoenix Project

Reaching Out Now

Royal Blends Nutrition

Royal Examiner

Royal Oak Bookshop

Royal Oak Computers

Royal Oak Bookshop

Royal Spice

Salvation Army

SaVida Health

Skyline Insurance

St. Luke Community Clinic

Studio Verde

The Studio-A Place for Learning

The Valley Today - The River 95.3

The Vine and Leaf

Warren Charge (Bennett's Chapel, Limeton, Asbury)

Warren County Department of Social Services

Warrior Psychotherapy Services, PLLC

What Matters & Beth Medved Waller, Inc Real Estate

White Picket Fence

Woodward House on Manor Grade

King Cartoons

Front Royal
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Upcoming Events

Jan
19
Wed
6:30 pm Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Jan 19 @ 6:30 pm – 9:30 pm
Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Bingo to support the American Cancer Society mission, organized by Relay For Life of Front Royal. Every Wednesday evening Early Bird Bingo at 6:30 p.m. Regular Bingo from 7-9:30 p.m. Food and refreshments available More[...]
Jan
20
Thu
7:00 pm FRWRC Woman Gathering @ ONLINE
FRWRC Woman Gathering @ ONLINE
Jan 20 @ 7:00 pm – 8:00 pm
FRWRC Woman Gathering @ ONLINE
The Front Royal Women’s Resource Center presents: WomanGathering – 7 PM, Virtual via Zoom Webinar with guest Dawn Devine, the Executive Director for the Shenandoah Valley Discovery Museum. Topic: Why Children are our most valuable resource. Click[...]
Jan
21
Fri
1:00 pm FRWRC Book Circle @ ONLINE
FRWRC Book Circle @ ONLINE
Jan 21 @ 1:00 pm – 2:00 pm
FRWRC Book Circle @ ONLINE
January 21 – FRWRC Book Circle – Free Virtual Event – Just Mercy by Bryan Stevenson. Questions about FRWRC Online Book Circle, please contact: Lyn Bement at dlbement@comcast.net or (540) 635-3000. In person Book Circle Postponed until[...]
Jan
26
Wed
6:30 pm Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Jan 26 @ 6:30 pm – 9:30 pm
Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Bingo to support the American Cancer Society mission, organized by Relay For Life of Front Royal. Every Wednesday evening Early Bird Bingo at 6:30 p.m. Regular Bingo from 7-9:30 p.m. Food and refreshments available More[...]
Jan
28
Fri
12:30 pm Free REVIVE! Opioid Overdose and... @ ONLINE
Free REVIVE! Opioid Overdose and... @ ONLINE
Jan 28 @ 12:30 pm – 1:30 pm
Free REVIVE! Opioid Overdose and Naloxone Education @ ONLINE
Northwestern Prevention Collaborative, in conjunction with Northwestern Community Services Board, will offer a free, virtual REVIVE! Training on January 28th from 12:30 pm to 1:30 pm. The one-hour online class provides an overview of how[...]
Feb
2
Wed
6:30 pm Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Feb 2 @ 6:30 pm – 9:30 pm
Front Royal Wednesday Night Bingo @ Front Royal Volunteer Fire Deptartment
Bingo to support the American Cancer Society mission, organized by Relay For Life of Front Royal. Every Wednesday evening Early Bird Bingo at 6:30 p.m. Regular Bingo from 7-9:30 p.m. Food and refreshments available More[...]
Feb
4
Fri
all-day First Friday @ Downtown Main Street
First Friday @ Downtown Main Street
Feb 4 all-day
First Friday @ Downtown Main Street
Come celebrate First Friday! Downtown businesses will be open late, until 8 p.m., on the first Friday and Saturday of each month.
Feb
5
Sat
all-day First Friday @ Downtown Main Street
First Friday @ Downtown Main Street
Feb 5 all-day
First Friday @ Downtown Main Street
Come celebrate First Friday! Downtown businesses will be open late, until 8 p.m., on the first Friday and Saturday of each month.
9:00 am Women’s Wellness Workshop @ ONLINE
Women’s Wellness Workshop @ ONLINE
Feb 5 @ 9:00 am – 1:00 pm
Women's Wellness Workshop @ ONLINE
Women’s Wellness Workshop – Virtual via Zoom Webinar – Key Note Speaker Dr. Neema. Registrations will begin January 5: frontroyalwomenswellness.com
4:30 pm Astronomy for Everyone @ Sky Meadows State Park
Astronomy for Everyone @ Sky Meadows State Park
Feb 5 @ 4:30 pm – 7:30 pm
Astronomy for Everyone @ Sky Meadows State Park
Historic Area: Discover our International Dark-Sky Park! Our evenings begin with a half-hour children’s “Junior Astronomer” program, followed by a discussion about the importance of dark skies and light conservation. Then join NASA Jet Propulsion[...]