7 Important Steps To Help You Buy Your First Home In 2017

Thinking about buying your first home? What an exciting time this is bound to be. And, also, what a (potentially) overwhelming, confusing, and stress-filled time. It can easily veer into scary territory if you're not prepared and not surrounding yourself with professionals who can help guide you in the right direction. These seven tips can help you make that dream of homeownership come true in 2017.
1. Work with the right real estate agent

The guy next door or your brother's girlfriend's cousin who just got his real estate license may be hungry to get your business, but that doesn't mean he's your best bet. An experienced agent quite simply knows things that someone who is brand new probably doesn't. An experienced agent will also have important relationships in place that may be able to help buyers in every facet of the home purchase, including:

• Finding houses that aren't even listed yet

• Finding homes that may be slightly outside of a buyer's criteria but that are worthy of consideration

• Leveraging industry relationships to get you great deals or better terms

• Managing appraisals and inspections

• Working through every step of the purchase process and handling any issues that pop up along the way

• Negotiating a deal that works for both sides

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2. Don't be afraid to talk to multiple lenders
Your Realtor will most likely have several lenders they have worked with and can refer you to. You may also want to speak to loved ones and get a referral or two from someone they've worked with successfully. Each lender may have a different recommendation and/or knowledge of a special loan that works for you, so it makes sense to look at a few different options.

3. Mind your credit
Many people have no idea what their credit score is, but if you're thinking about buying a home, knowledge is power. Different loans have different minimum credit score requirements, and it could be that your score doesn't measure up for the best loan rates, or maybe you need to do some work to qualify for even the most lenient loan.
A good mortgage lender can advise you on your best options to raise your score, from removing any errors on your credit report, to paying any delinquent accounts, to exploring credit repair options. The earlier you learn your score and delve into the details with a qualified lender, the more time you have to address any issues you find.


Total Mortgage
4. Save, save, save
For many people, getting the down payment together is the hardest part of buying a home. And the closing costs can be an unwelcome surprise for those who weren't expecting to have to come up with even more cash. When you first set out to buy a home, make sure you know how much you have to save. Your lender should be able to give you a pretty good ballpark based on a certain home price. Housing experts recommend adding 5% to that number just to be safe.
Even if you've never been a great saver in the past, there are strategies you can use that will help you build the nest egg you need for your down payment and closing costs, including these tips from nerdwallet:

• Automatic transfers from your checking account to your savings can help to make the process mandatory - and maybe a little less painful.
• Save raises and bonuses rather than spending them.
• Set aside tax refunds.
• Keep the change. At least a couple of banks have variations on this theme. For example, Bank of America allows debit card users to sign up for a service that rounds up purchases to the nearest dollar and puts the change into a linked savings account.
• Visualize your goal. Slap big, beautiful photos of your dream house on the refrigerator, near your office workspace - and wrap a small one around the primary credit card in your wallet. You might charge less and save more."

As for where to put that money while you watch it grow, experts recommend that "If the plan is to become a homeowner in the next 12 months, the money should be kept completely liquid. That means you can easily access it at any time," said CNN Money. "The best way to do that is in a good old-fashioned savings account, Schulte said. Look for one with a higher yield. In today's low rate environment, that probably means an online-only account like Ally or Synchrony Bank, which currently pay around 1% annually."

5. Lock in your rate
Rates can be unpredictable. Locking in a rate when you get close to buying, which your lender will undoubtedly recommend, can protect you if rates rise. Many lenders also offer a one-time adjustment in case rates go down.

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6. Stay at your job
Not happy at work and thinking about making a change? If you're looking to buy a home, you may have to delay that plan. Part of your qualification for a mortgage will be based on your job history. Making a big change just before you buy or during the escrow process will be problematic. Lenders advise buyers to stay the course until after the home closes escrow.

7. Don't open new credit cards or buy a new car
Your lender will spell out the do's and don'ts of how to protect your credit when trying to buy a house, but if you haven't yet talked to anyone and you think you're getting close to be purchase-ready, that Kohl's card you take out to save 20% on your $100 bill could cost you. Before you take out any new debt, check with a lender.

Written by Jaymi Naciri

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Top 10 Home Buying Mistakes

Buying a home is perhaps the most arduous, expensive and, ultimately, valuable acquisition you'll ever complete.

Just one mistake could mean disaster -- perhaps the worst mistake you'll ever make.

In order to avoid titanic trip ups during such a trying transaction, buyers should get to know the most common home buying blunders.

To know them is to avoid them.

• Going solo: Buying a house is a complex transaction. It should be a team effort. You'll need a REALTOR®, lender, inspector, insurer, perhaps a lawyer, and other team members to help you through each step of the way. Team build before you start the search. 

• Love at first sight: If you believe in fairy tales you probably shouldn't be buying a home. You won't live happily ever after if you emote your way through the home buying process. Your home should fit your real needs, not your yen for drama. Buy a home that fits your budget and your lifestyle. Be sure the home is in a community and neighborhood you desire. Visit neighborhoods several times before you buy to check out schools, noise and traffic patterns. 

• 'Loanless' shopping: Being pre-qualified gives you a general idea of how much you can afford to borrow. It's better to be pre-approved for a given loan. Sellers will take you more seriously. You'll stay on budget. 

• Overbuying: Home buyers buying more than they could truly afford, in part, led to the collapse of the housing market. Buy more than you can afford and your dream home will become the same nightmare. Analyze all your monthly costs including debts, food, transportation, entertainment, and savings. Your total monthly debts, including your mortgage, should not exceed 36 percent of your income before taxes. Don't forget to budget closing costs (often two to five percent of the home's purchase price), plus moving, redecorating and maintenance. Look ahead and allow for increases in ongoing expenses such as utilities and taxes. 

• Misplaced trust: You are engaged in what's likely your most valuable acquisition ever. It's a business transaction. Ask family, friends, co-workers, professionals and others you trust for referrals, but don't take their word for it. Vet your team members. 

• Accepting oral agreements: Get it in writing. The rate lock, the home inspection, disclosures, the contract. Always. Should a dispute arise, you've got the details documented.

• Skipping the fine print: Understand what's really in any document before picking up a pen. Get documents in advance, take time to read them and ask questions. Get copies of your mortgage and closing papers a few days ahead of closing.

• Forgetting or betting on resale: Avoid buying a home that costs 50 percent more than neighboring homes. Reconsider buying the most expensive home on the block. Neighbors' lower home values will weaken yours. Buy intending to flip your investment only to have the market fail means when it's time to sell your price may not cover your costs.

• Making an unconditional offer: Protect yourself with these contingencies:

1. Mortgage financing: You may be preapproved but is the house? A formal appraisal confirms -- or not -- that there is sufficient value in the home to warrant the loan. If the house appraises lower than the sales price, the loan may be declined.

2. Inspection: Never buy an existing or new home without a thorough home inspection. Walk through the home with the inspector to learn more about the house and any concerns he or she may have.

3. Insurance: Confirm you can get adequate insurance coverage. In some areas, or following certain disasters, it can be difficult to get types of hazard insurance.


Written by Realty Times Staff

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Too Much To Store and Too Little Space

Do you have too much to store and too little space? If you're like many homeowners, finding enough storage space can be a challenge. Thankfully, remodeling professionals can help you create new ways to tuck away your family's treasures in a resourceful and sophisticated way, according to the National Association of the Remodeling Industry (NARI).

Finding storage solutions doesn't always mean undertaking a major remodel. Sometimes it's about using the square footage you already have. Remodelers can help you plan and reallocate storage to accommodate your family's changing lifestyle. Getting creative with storage can improve daily living and boost the resale value of your home.

Look in Unusual Spaces

Veteran remodeler Don Van Cura, CR, CLC, CKBR, and owner of Chicago-based Don Van Cura Construction, recently won a regional CotY Award for a clever storage solution he designed for stashing canned goods under a kitchen staircase. "I'm a space freak and I don't believe that any part of the house should be wasted," he explains. "Almost every section of home has a void in it that can be made into storage -- and the older the house, the more nooks and crannies you can find."
For his stair solution, Van Cura created storage bins under the wooden treads of a staircase. He did this by attaching each tread of the staircase to the frame using hidden piano hinges, which allow each tread to open like a storage chest. The homeowner could then use the space under the tread to tuck away dry goods and cans. This storage strategy can be used in many areas of a home. In the foyer, for example, the hidden cubbies under stairs can stash shoes and outdoor gear. In the basement they store cleaning products or seasonal accessories. For a short run of stairs, remodelers can also install a set of custom drawers underneath the stairwell with access from the either the side or the back -- another great use of space.
Any good stair installer or skilled remodeler should be able to do this project, but it demands a structurally sound staircase, fine cabinetry skills and careful preparation. "It's easiest if you're planning a new set of stairs, but it can also be done as a retrofit to existing stairs," Van Cura notes.

Reconfigure Rooms As Needed

Perry Szpek, design sales associate for JDJ Builders in Milwaukee, Wis. recently created more storage for a family of six by reconfiguring two existing rooms and adding some square footage. The family's mudroom was once a cramped hallway that led from the house to the garage. "Not having a place to put on and take off their shoes was their biggest pet peeve," Szpek said. As a solution, he designed two furniture-style storage units that provide both seating and a place to store outdoor gear.
On one side of the room, a large boot-bench and locker cabinet gives the kids a place to sit down or hang up coats. The bench features storage beneath the seat and wicker baskets on a shelf above the hanging area. Drawer cabinets also flank each side of the bench, creating a personal spot for each child to stash hats, gloves and mittens.
Across the room Szpek planned a shorter boot bench for mom and dad that offered flip-top storage under the seat and hooks to hang coats behind them. Both storage pieces were accented with traditional beadboard backing, crown molding and a medium-brown distressed birch finish.
In the family's 120-square-foot laundry room, Szpek created a beautiful and storage-smart workspace. Upper and lower cabinetry provides plenty of storage for detergents, brushes and sponges, and a long countertop gives mom ample space to fold clean laundry. Under one area of the counter, Szpek designed cubbies that accommodate six laundry baskets -- one for each member of the family. "When mom's done folding clothes, she can separate the loads into a separate bin for each member," he says. "The abundance of storage space worked great for this family of six."

Where to Start

While some homeowners may think that a bigger home will solve their storage dilemma, this is not always the case. Often, having better storage is about making better layout choices and putting things within easy reach. Before talking to a remodeler, homeowners should take a thorough assessment of the square footage they have and how much stuff they need to store. In addition, it's important to think about day-to-day schedules. Some areas of the home, like foyers, mudrooms and laundry rooms, could use additional cabinetry or places to drop cell phones, keys and wallets. Sometimes the project is more about reworking traffic flow or designating specific spots for tasks like folding laundry, putting on outerwear and storing cleaning products.

Written by Realty Times Staff



Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Avalon and Stone Harbor Weekly Update January 5th, 2017

HAPPY NEW YEAR!  Health, happiness, & prosperity—may all three be yours in 2017!  Best wishes for a Happy New Year!

MARKET STATS:  The latest Long & Foster Market Minute report shows an increase in sales and a reduction in active listings in November 2016.  The number of sales increased 25% over last November, while the number of active listings has declined by 13% to 290.  Despite a recent uptick in interest rates, demand has remained steady marketwide.  For the full report click here:  http://marketminute.longandfoster.com/Market-Minute/NJ/Avalon-Stone-Harbor.pdf

Click above for the latest Long & Foster Market Minute report.

REMEMBER THE SEA TURTLE that was rescued from Avalon’s beach this past summer?  She was transported to the Karen Beasley Sea Turtle Rescue and Rehabilitation Center in North Carolina some time back.  An update was recently posted to the Borough’s Facebook page, having been provided by Elizabeth Quinn, whose friend volunteers at the center:  “She has had the opportunity to feed and give treatments to the sea turtle that the Avalon folks rescued this summer. She has affectionately been named 'Snookie’ and she is doing very well! She is a smart girl and is eating. She is being fed fish stuffed into squid, though my friend says she would prefer just squid! Thank you so much to all those who helped rescue her!”

STONE HARBOR was recently awarded a $2.7 million state grant for the mitigation of flood risks in the borough between 88^th and 99^th Streets.  The project will include the installation of remotely operated tide control valves at existing stormwater discharge pipes, preventing tidewater from pushing into the pipes and flooding streets.  Higher street elevations and a bayside pump station to be built at 93^rd Street are part of the project, too.

TAKE THE PLUNGE!  If you’re daring enough to take a mid-winter plunge into the ocean, you’ve got three chances to do so!  Polar bear plunge events are scheduled in Sea Isle City (February 18^th), North Wildwood (February 25^th), and Stone Harbor (March 11^th.)  See below for details.  The ocean water temperature just off Avalon is 44 degrees—just about average for this time of year.  However, ocean water temperatures are typically at their lowest point in February and March, with average temperatures just under 40 degrees.

IS 2017 YOUR YEAR?  Whether it’s a week’s vacation at the shore, or a place to permanently call your own, let’s make it happen together!  Call or email me to begin your search for the perfect property!

UPCOMING EVENTS:

• Cape May Lewes Ferry Beer Dinner featuring the beers of 7 Mile Brewery, call 800-643-3779 for info & reservations, 5:30PM, Friday, January 6
• IPad Workshop designed for beginning users, Avalon Free Public Library, register at 609-967-7155, 10AM-Noon, Saturday, January 7
• New Year’s Strut with the Fralinger String Band, Avalon History Center, 1PM, Saturday, January 7
• ‘Guys With Guitars’ live performance featuring blues & rock music, Harbor Square Theater in Stone Harbor, 8:30-11PM, Saturday, January 7
• Cape May Traditional Jazz Society presents the Mary Lou Newman Jazz Band, VFW Post #386, 419 Congress Street in Cape May, 2-4PM, Sunday, January 8
• Law Enforcement Polar Bear Plunge, Wildwood Convention Center & the beach, register at 10AM, plunge begins at 1PM, event supports training & competition for more than 25,000 athletes of the Special Olympics of New Jersey, Saturday, January 14
• Boardwalk Kennel Club All Breed Dog Show, Wildwood Convention Center, visit www.BoardwalkKennelClub.com for details, competitions 8:30AM-6PM daily, Wednesday-Sunday, January 18-22
• Yoga at the Cape May County Zoo, donations will go directly to the animals, reserve a spot at www.itswellyogaandpaddle.com, meet at zoo entrance at 8:45AM, Saturday, January 21
• Creative Writing Seminar, Avalon Free Public Library, register at 609-967-7155, 10AM-Noon, Saturday, January 21
• Wetlands Institute Covered Dish Dinner, bring a dish to share that serves 8 & enjoy a guest speaker, visit the Wetlands Institute website for more info, 6-8PM, Friday, January 27
• A tribute to ‘The Last Waltz’ with live singers and musicians, Harbor Square Theater in Stone Harbor, Saturday, February 4
• Sea Isle City’s Polar Bear Plunge, 40th Street beach, 2PM, Saturday, February 18
• North Wildwood’s Fallen Heroes Polar Bear Plunge, proceeds benefit the Philadelphia Police Fallen Heroes Fund, visit FallenHeroPlunge.com for details, 15th Street & the beach in North Wildwood, 11AM, Saturday, February 25
• Stone Harbor Shiver Event, registration at 9:30AM at Fred’s Tavern, parade at 11:45AM leading to plunge at the 96th Street beach, Saturday, March 11
• Sea Isle City’s St. Patrick’s Day Parade & Celebration, 3:30PM, Saturday, March 11
• Ocean Drive Marathon & Ocean Drive 10Miler Course, visit http://www.odmarathon.org for details, 9AM, Sunday, March 26

Featured Property:
Third from the beach in Avalon’s south-end!

 

140 77th Street, Avalon, $3,995,000, ACTIVE MLS#: 140279

New Listings:

229 81st Street, Stone Harbor, $849,000, ACTIVE MLS#: 173868

386 39th Street, Avalon, $899,000, ACTIVE MLS#: 173823

260 105th Street, Stone Harbor, $899,900, ACTIVE MLS#: 173838

2179 Harbor Avenue, Avalon, $1,290,000, ACTIVE MLS#: 173777

324 92nd Street, Stone Harbor, $2,300,000, ACTIVE MLS#: 173821

511 42nd Street, Avalon, $2,475,000, ACTIVE MLS#: 173857

127 94th Street, Stone Harbor, $2,750,000, ACTIVE MLS#: 173792

277 88th Street, Stone Harbor, $2,999,999, ACTIVE MLS#: 173831

129 109th Street, Stone Harbor, $3,395,000, ACTIVE MLS#: 173829

135 77th Street, Avalon, $4,495,000, ACTIVE MLS#: 173832


Properties Sold:

28 Bower Court, Stone Harbor, $616,250, SOLD MLS#: 170964

459 21st Street, Avalon, $617,500, SOLD MLS#: 172699

50 Seabreeze Lane, Avalon Manor, $900,000, SOLD MLS#: 171342

10601 Second Avenue, Stone Harbor, $936,000, SOLD MLS#: 172669

360 89th Street, Stone Harbor, $980,000, SOLD MLS#: 171613

34 W 29th Street, Avalon, $999,000, SOLD MLS#: 172765

645 Sunrise Drive, Avalon, $1,293,000, SOLD MLS#: 167041

1169 Avalon Avenue, Avalon, $1,590,000, SOLD MLS#: 167111

3518 Ocean Drive, Avalon, $1,650,000, SOLD MLS#: 171184

135 77th Street, Avalon, $3,400,000, SOLD MLS#: 173066

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

The Offer: There's More to It Than Just The Price

Fixating on price in real estate may cost you the deal:

• Sellers who decide that a specific dollar figure will buy their home and won't budge from that bottom line may sell themselves short.
• Buyers who drop out of a transaction for a property they love because the seller's counter-offer shocks them may be quitting before they have really started negotiating.

When a buyer makes an offer to purchase a house, condominium unit or commercial property, the purchase price is a prime consideration, but it represents only part of the total value offered to the seller. Problems may arise for both sides of the transaction when this fact is forgotten.

Value Elements in an Offer
The value expressed in a buyer's offer to purchase, or in a seller's offer to sell, involves 5 key elements -- a financial package:

• Purchase Price, the stated amount of dollars offered by the buyer, represents a significant contributor to value, but there are other important factors which can reduce the amount the seller receives or which can compromise the transaction. It's not the purchase price, but the net proceeds of the sale that sellers -- and savvy buyers -- should concentrate on.

• Closing Date, or the day ownership changes hands and the seller receives the money, can represent cost or value to both parties. Savvy buyers usually attempt to meet the seller's preferred moving date, especially when the seller has committed to purchasing another property or needs the proceeds of the sale on a specific date. For instance, a closing before that date may be expensive because the seller would have to move out and store everything until they could move into their new home. That double move and the inconvenience represent out-of-pocket costs and time lost that make the actual purchase price lower than stated. A closing date later than the seller's preferred date may leave the seller owning two homes - and paying off two mortgages - at once. The seller may incur extra costs in arranging bridge financing to meet legal obligations to close on their new home before they receive proceeds from the sale of their current home. Choice of closing date may represent costs or value to the buyer as well. Balancing this reality for both parties is key in negotiation.

• Inclusions and Exclusions to the sale also represent costs and value for both parties. Appliances, heating systems and draperies are common seller inclusions designed to boost value for buyers. If warranties for everything from a new roof or solar panels to new appliances cannot be transferred to a buyer, these items become "second-hand"and will probably represent less value to buyers. Buyers are also free to include excluded seller items, like an antique light fixture, in the offer to purchase. Deals have been lost to disagreements over light fixtures, fireplace accessories and vintage furnishings, so prudent sellers remove contentious items before listing. A buyer may offer less than list price and ask for nothing; a seller could sign back for more money and include items to sweeten the pot. Value is very subjective for these non-real-estate items and that's where negotiations can get heated.

• Terms and Conditions are clauses in the offer which cover "what if" risks for one party and the obligations of both parties. These clauses detail what the buyer asks the seller to do for the purchase price. Arrange a survey or include a treasured light fixture? Sellers can create conditions in an offer to sell, but usually conditions are of greater concern to the buyer, particularly if approval of a third partly like a lender or city planning department is involved in determining the property's suitability. Conditions to arrange financing or a home inspection are among the "ifs" that define the offer to purchase. The degree of uncertainty attached to the conditions and the buyer's related ability to close effect the value of an offer. For instance, a buyer who is pre-approved for a mortgage of sufficient size offers less risk to a seller. However, if the purchase price is significantly-above market value, the lender may not approve the mortgage, so a condition for financing is essential to protect all parties. A full-price offer with conditions that will be difficult to meet may hold less value than an under-list-price offer with no conditions. Alternatively, if the conditions are merely formalities, the conditional offer could represent greater value. Would you recognize the difference if you were the seller? That's where the expertise of the real estate professionals involved becomes valuable...

•  Intent and Sincerity are vital aspects of an offer although difficult to quantify. How determined is the buyer to buy, and why? How determined is the seller to sell? If either party changes their mind after the contract exists and before the closing date, the injured party has remedies in court. These legal steps may not make up for lost time and, perhaps, a missed market. An investor or flipper may decide to cut losses and bail out of the deal if the market drops significantly before closing. A seller may have second thoughts if their plans to move fall through. For both parties, value should lie in the certainty that the other party will close in spite of market shifts.

Yes, price matters, but there's a lot more involved in creating an offer that demands to be accepted. That's why an experienced real estate professional is a valuable contributor to success. Professionals can calculate, or at least estimate, the seller's net proceeds after costs related to the offer and deduction of commission. This information helps the seller accurately evaluate an offer to purchase. Understanding cost and benefit for all elements of an offer helps a buyer intent on ownership to create the best financial package possible.

Tip: Re-read this article when you are ready to make an offer, counter an offer or accept one. This will ensure value is visible to you on all levels before you decide to walk away or sign on the dotted.

Written by PJ Wade

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

4 Trends Affecting Millennials and Homeownership

If you're under the age of 35, everything you know about owning a home could be wrong; but it's not your fault. Parents of millennial children have taught them what was financially sound when they were the same age — go to college, get married, buy a home and have children; the formula for the American dream.

The American Dream is still real for many, but the details are murkier in 2016. The rising costs of college tuition are making it a riskier investment, young people are marrying later and having fewer kids and the appeal of buying over renting is now less obvious than it was for their parents. Blaming the shift on "a changing economy" is a cop-out, as the trends in millennial home ownership are just as cultural as they are economical. Here are some of the reasons why the nation's youngest buyers are having an affect on the housing market:

1. Millennials Love Mobility
Economists are calling millennials the "job-hopping generation," because they are more likely than previous generations to frequently change jobs, even if it requires moving. As unions are in decline and pensions are shrinking, job loyalty is on the fall and millennial workers are free to take their 401(k) accounts elsewhere. Because the next job, and next city, is always on the horizon, more millennials are opting for short-term apartment leases, which allow for freedom of mobility.

2. Millennials Love Cities
Millennials are more likely to buy their first home in the suburbs, not the city. Even outside of price-inflated cities like New York and San Francisco, urban housing costs are skyrocketing and forcing new homeowners outside the city limits. However, renting — still on the rise — is more manageable and gives young people the option to keep living in the city.

3. Millennials Love Incentives
The 2008 recession was a tragedy for homeowners who bought under inflated prices, but a silver lining for anyone buying after the fact. To help boost the economy and the new housing market, the IRS offered a hefty tax credit to first-time buyers until 2011. Just like a tax credit for electric cars, this was just the bump young people needed to buy homes after the biggest recession in nearly 70 years.
But now that the Federal Reserve is expected to raise interest rates for the first time since the recession, that boost in young home ownership could see a sharp turn in the other direction.

4. Millennials Do Not Love Student Loans
Perhaps the biggest hurdle standing in the way of homeownership, student loans account for the largest debt in the United States and are especially harsh on younger people. The more you owe in student loans, the less likely you are to buy a house. However, some programs like Income Based Repayment (IBR), which allows graduates to pay a lower monthly amount until the balance is forgiven in 20 years (10 for public sector workers), is helping ease this burden.

However, now that taxpayers could be on the hook for $108 billion in student loan relief, the future of this program could be in question under the new presidential administration. But if interest rates do go up and IBR is eliminated, the rate of buying from America's 20- and 30-somethings could go downhill fast.


Written by Realty Times Staff
Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Adding An Outdoor Fireplace: What To Choose And What You'll Spend

Depending on where you live, outdoor living could be a year-round reality. Or, maybe once December hits, the backyard is generally off-limits until the first signs of spring. But, no matter what your address, an outdoor fireplace can bring added enjoyment to your home, extend the usability of your outdoor space, and maybe add some value to at the same time.
One of the benefits to outdoor fireplaces is "their ability to add extra square footage to your living space by becoming an extension of your home's interior," said TMS Architects. "To enhance this effect, continue the style and color scheme you have used in your home and provide ample comfortable seating."

Cost
The cost of your outdoor fireplace will vary widely depending on what you choose. The first consideration is whether you want something prefabricated, which will start at a much lower cost and not require construction, or prefer to go custom. According to Improvenet.com, a professionally installed outdoor fireplace can run a good $20,000, but expect the cost to climb even higher depending on the scale and materials.
You can cut costs dramatically by going prefab. "If you decide to opt for a prefabricated or modular fireplace purchased from a specialty retailer or home improvement store, your wallet will take a significantly smaller hit - more in the $1,000 to $10,000 range," said HGTV. "The size and materials will go a long way to determining the cost. Whatever you invest, the returns are likely to be hefty in terms of cozy and comfortable quality time spent with friends and family."
Here are a few ideas to "fire" you up.

Pre-fabricated options
For those who want the fire without a big price or space commitment, this Grandview 24-inch Propane Gas Outdoor Fireplace from Home Depot is a great choice. The freestanding unit gives off great warmth and provides a warm appearance for just $250.

Home Depot
The Jasper Steel and Faux Stack Stone Outdoor Fireplace gives more of a custom look without the custom price, and at 72 inches, is a substantial piece that can set the foundation for a gracious outdoor space. The cost: $1,398.

Home Depot

On the high end, there's this 78-inch Brown Natural Stone Propane Gas Outdoor Fireplace. It looks custom, provides an adjustable heat level, and requires no construction. But, you'll pay for the privilege of owning a large piece with this level of detail. The cost: $4,557.

Home Depot

Custom fireplaces
If you're not limited to where you can locate your fireplace because you've got the space, and you want to make it part of a focal point (while also showcasing some beautiful landscaping, as in this example), creating an outdoor entertainment area with the fireplace in the center is a great way to go. Here, the fireplace anchors the patio without detracting from the views, and also provides some additional seating.


Pinterest
Getting maximum usage out of your outdoor fireplace typically means a couple of things: ample seating, and coverage from the elements. Add in a TV and an outdoor kitchen, and you never have to stay inside again!


Pinterest
Really want to do something different? How about a fireplace that butts right up to your pool, so you can enjoy the warmth while lounging or swimming laps.

Fresh Patio
While many outdoor fireplaces tend to have a more traditional or rustic look, creating a sleek look in line with a more modern aesthetic is easy to achieve.

Fresh Patio

Written by Jaymi Naciri
Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Seven 2017 Home Trends You're Going To Want Now

We know what you're thinking: New year, new style. But if you're getting ready to make some updates to your home or incorporate some stylish new pieces, how do you know which way to go? Trend forecasters have been hitting the interior design, furniture, and furnishings shows, and we've got our edit of the hot, upcoming looks right here.

Get colorful
Could gray be on its way out? The go-to color for walls and more walls and also kitchens and flooring and furnishings and everything else for several years running may have hit its peak. Paint companies like Sherwin-Williams have a few gray hues in their 2017 Color Forecast, mixed among bold jewel tones, global shades, and confident pastels. Industry insiders are embracing the rich colors, especially when juxtaposed against white.
"Color, color, color. Those boring grays are on their way out," said Gates Interior Design. Instead, they're seeing "fresh whites with pops of color...along with rich colors for walls." Their top five colors are: Navy, pink, coral, teal, and emerald green.

Elle Decor
Rose gold
Now that we've cycled through most of the other metal options in the past few years, it's rose gold's turn. "One of the biggest fashion trends over the past year or so has been rose gold," said PURSUITIST. "The pinky hue has become popular not just in jewelry and watches but also in clothing, shoes, and beauty products. It's even been spotted on phones and sunglasses."
And what happens in fashion often comes to interiors, which we're seeing in everything from fixtures to lighting to textiles. "No offense to silver, yellow gold, and brass, but there's just something special about rose gold—a warmth and uniqueness you don't get with other metallic," said Glamour. "Bring instant luster to a boring kitchen with industrial bar chairs in a high-gloss finish."


Glamour

Donnbracht has released a new line of luxury bath and kitchen faucets called Cyprum that features a rose gold finish.

Dornbracht
You can even DIY the finish on "surfaces including metal, ceramic, wood, and glass" with rose gold spray paint.

Furry accents
Texture is a great way to add layered interest to a space, and you can expect this trend to take your look next-level. "It's official: Furniture with fur accents will be huge in 2017. We've noticed sheepskin and Mongolian fur chairs in the latest fall collections, said MY DOMAINE. "Faux-fur chairs saw the most dramatic increase in searches this year, with a 487% uplift. Our word of warning? Tread carefully when trying this trend at home. Invest in one statement piece to take center stage in your apartment, and look for quality materials."


BRIT + CO
Industrial décor
"Industrial décor is here to stay," said MY DOMAINE, so why not use it in a standout way, like on these gorgeous bathroom lights.

Pinterest

The faux look
Love the look of marble countertops but don't want the upkeep? There's great news x two: Quartz materials are more realistic than ever, allowing you to get the appearance of marble with a practically indestructible finish, and faux looks are in.
"Luxury homeowners are warming to fake marble, faux barn wood and other imitators, which are often less expensive and easier to install than the real deal," said the Wall Street Journal.
According to designer Nicole Gibbons, "clients love the timeless look of Carrara marble, but may not be able to maintain the countertops, which can't get acidic foods on them, in their own homes," said Elle Décor. "People aren't coming to me and saying, 'I want fake marble,'" Gibbons says. "They're saying, 'I really like the look of marble, but it's too high maintenance,' or, 'I cook too much for that to be able to hold up. What do you recommend as an alternative?'"

Elle Decor

Black and white stripes
It's a new graphic pattern to obsess over, and in a classic color combination that plays well with practically everything! "After years of chevron, we're eager for stripes to make a comeback - especially if they're simple and black-and-white," said Elle Décor. The look is part of their article on, "13 Scandinavian Trends About To Take The States By Storm," so get ready to spend a lot of time at IKEA.

Elle Decor

Cork walls
Goodbye, reclaimed wood, hello cork. "Sustainability and practicality are popping up in home decor all over the place," said BRIT + CO. "Cork walls are not only a visually compelling choice, but they're awesome when it comes to blocking out sound and posting to-dos on the go."


BRIT + CO
Written by Jaymi Naciri


Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

An Easy Guide for Year-End Financial Planning

Today's News and Features

With your eyes on the new year, it can be easy to make fresh resolutions and forget to pay mind to your spending habits from the year past. Considering that an estimated one in three Americans will make a New Year’s resolution related to their finances, it's important to do a little end-of-year financial planning. Below are 5 tips offered by Fifth Third Bancorp.

1. Reduce taxable income 

In order to offset taxable income, the most important strategy for investors to consider is tax-loss selling and taking advantage of underwater securities.

“Selling stocks, bonds or mutual funds that have lost value should be a priority this time of year,” says Jeff Korzenik, chief investment strategist for Fifth Third. “When done in conjunction with rebalancing a portfolio, investors can minimize the tax consequences and impact.”

Additionally, Korzenik suggests taking interest rates into account throughout the planning process. Gradual interest rate increases are being monitored for next year, which are typically associated with the latter half of an economic expansion. With this in mind, investors should expect lower returns from the bonds portion of a portfolio and be more selective in their equity investments as they plan for next year.

2. Maximize investment opportunities

To wrap up 2016, Melissa Register, senior wealth planner for Fifth Third Private Bank, recommends being selective in investment decisions. By working with a wealth management advisor, you can ensure that your allocation aligns with your goals and time horizon for both your taxable and tax-deferred accounts. From this checkpoint, you can identify necessary adjustments.

“Investors can plan ahead by rebalancing portfolios and diversifying their investments before the close of the year,” said Register. “There are significant growth opportunities for 2017 in alternative investments and selective international exposure.”

3. Plan for charitable giving during the holidays 

When it comes to charitable giving, Glen Johnson, managing director of Mirador Family Wealth Advisors, suggests engaging family members in the decision-making process.

“More than half of charitable giving is done in one month of the entire year: December,” said Johnson. “Holiday gatherings are an opportune time for families to set joint year-end goals and develop a strategy for allocating philanthropic donations in 2017.”

Johnson also suggests using assets that have appreciated in value as gifts for charitable donations to avoid capital gains. “People often don’t think about real estate, collectibles or art as potential gifts, which could ultimately fund a new program or service for a charity,” said Johnson.

Source: www.53.com


Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

The Moving-Day Survival Kit Lifesaving Items and Niceties

Gather these must-haves in advance for a smooth move and more comfortable first days in your new home.

The day I moved into my very first house did not go smoothly. I had to drive from Boston to Atlanta, and I had tarried too long with friends in Virginia along the way, not realizing that every RV in the Southeast combined with seemingly endless construction between Roanoke and Charlotte would create Phish-concert-caliber traffic.

I spent moving-day eve somewhere outside of Greenville, South Carolina. After a restless night of worrying about all of my most important worldly possessions being stolen from my car at the roadside motel, I got up the next day and with bleary eyes beat the movers to my house by about 15 minutes, still wearing the same clothes as the day before. Ugh.

Thank God for my sister-in-law, who also happened to be my real estate agent. My sale was her first, and she set the bar very high. When I got to the house, there was a very practical plastic bucket full of lifesaving items for me. Every person moving into a house should have one of these. If your Realtor pales in comparison to my sister-in-law, put one together for yourself and keep it close for moving day.

It's all yours! Move-in day will wipe you out, and you'll likely be unpacking boxes for days, but this is a happy week. Make sure it stays happy with a few items that will get you through it. Also, make sure you wear shoes with good support the whole time; for some reason I unpacked shoeless for days, and it was a really bad idea.

What to Put in Your Moving-Day Kit:
At least a few rolls of toilet paper. This is the number-one most important thing to include, and you will never convince me otherwise.

modern toilet accessories

Aspirin and all of your medications. This is the second-most important thing to include. I've never been so happy to see a little packet of aspirin as I was when I unearthed it at the bottom of my move-in bucket. It was a lifesaver. If you have antianxiety medication, moving day is a really good day to take some.
Of course, you will want all of your medications, important documents, laptop, jewelry and anything else that's very important or of great value somewhere that you're keeping track of and not with the movers.

eclectic products

OK, you've taken care of t.p. and your aches and pains; how important the rest of these items are is more subjective. I'd love to know what you think is the number-one thing, so be sure to voice your opinion in the Comments section later.
Toilet plunger. If you have only one bathroom, this is very important. The more bathrooms you have, the less crucial a plunger is for move-in day.

modern toilet plungers and holders

Cash. You should tip your movers, unless they call you "baby girl" or "princess" throughout the entire move, and talk on the phone in the cab of the loudly running semi truck all day while charging by the hour. Actually, I think I wound up tipping that guy too, because he knew where I lived.

contemporary home electronics

Leatherman knife. While having the whole toolbox handy would be great, there are only so many things you can fit into the move-in-day survival kit, and a Leatherman or Swiss Army knife will fit in a pocket.
It's great for opening boxes, putting little pieces of furniture together and, most important, opening that bottle of wine you're saving for when the movers leave. If you don't think you'll be organized enough to have a Leatherman handy, make sure you have a box cutter and a box of wine.

contemporary hand tools and tool sets

Trash bags. You're going to want the big, sturdy yard trash bags as well as the clear recycling bags.
For those of you who still manage to be on the ball during moving chaos, look up what is recyclable locally before your trip so you can be sure to recycle all of your packing materials, or coordinate with someone else who is about to move to come pick up your boxes, Bubble Wrap and tissue paper when you're done.

trash accessories

Power strip and mobile phone charger. The power strip will come in handy because you'll probably clear one little area to keep chaos at bay and wind up plugging in a lot of various things, like lamps, a laptop, your iPod dock and more.

contemporary cable management

Toothpaste and a toothbrush. Actually, expand this. You should pack a weekend overnight bag and Dopp kit for yourself, including soap, shampoo, deodorant, a razor and anything else you'd need for two to three days away.

Photo by Shoshana Gosselin - Search traditional bathroom pictures

All-purpose cleaner, Clorox wipes and a roll of paper towels. Hopefully, move-in day will not be a big cleaning day. Good sellers will have your home thoroughly scoured for you before then, but you'll want to be prepared if they are bad sellers. (Don't let it come to this, though; if you're moving from out of town, have your Realtor scope it out and help you find some cleaning help before the moving truck ever pulls up.)
No matter what, you'll want to give the toilet a cleaning, and some of your furniture may be dusty and have a cobweb or two as it comes off the truck. An all-purpose cleaner and paper towels should be enough to tide you over.

contemporary household cleaning products

Bottled water and granola bars. You're not going to remember to eat until you are very hungry. Have some immediate snacks around for sustenance until you can get a meal together, and by "together," I mean "delivered."
Ideally you would have paper plates and plastic utensils at the ready, but you can make do with what comes with the food, your Leatherman knife and that roll of paper towels I already told you to bring.

traditional serveware

Local restaurant menus and phone numbers. Do some Yelping around and figure out what restaurants deliver or find a good local delivery service, because you are going to feel filthy and exhausted by the time you get around to foraging for food.

Photo by Rebekah Zaveloff | KitchenLab - Browse rustic kitchen photos

Bandages. While a complete first aid kit is great for overachievers, soap, water, paper towels and a box of bandages should take care of any move-in mishaps. If not, you should probably head to Urgent Care anyway. Also remember that a handful of cars come with first aid kits weirdly hidden in the backseat armrest. I just remembered for the first time in eight years that mine has one.

traditional emergency and first aid kits

Notepad and pen. Moving day is a time when many to-do lists are made, new numbers are learned and names of neighbors who have stopped by and introduced themselves are furiously scribbled down before they fly out of your head. I realize that many tech-savvy folks and young whippersnappers do all of this on their phones, but I believe in the usefulness of pen and paper.

traditional desk accessories

Something to freshen the air. Whether you prefer a Glade plug-in, a bottle of Febreze or a fancy candle, even the cleanest house in the world will smell a little musty when it's been closed up for awhile. Get your own favorite scent wafting through the air.

contemporary candles

Flashlight. This will come in handy at night as well as for checking out your new crawl space or any other dark corners. Speaking of light, be sure to pack a few extra batteries, a few lightbulbs and a nightlight that will help guide you to the bathroom in this foreign place.

modern flashlights

Unpack certain boxes first. Hopefully, you've labeled everything well and the movers are putting the appropriate boxes in the appropriate rooms. While they are, watch like a hawk for linens and bathroom stuff. As soon as a bed is assembled and you've found the sheets, make up a bed. By the time you get to fall into it, you'll be way too tired to put the sheets on.
Also, unpacking the kitchen is a huge accomplishment that will make life from here seem much more normal. As soon as you have your own toaster oven, coffeemaker, blender and other appliances ready, you'll feel like you can do your first big grocery shop and start preparing meals that don't arrive in Styrofoam containers.

eclectic decorative trunks

Be nice to your own buyers. Conversely, if you are moving out of a place, try to make the moving process pleasant for the new owners, unless they were jerks at the closing — well, even then, take the high road. Make the place spotless, leave a welcome note, organize instruction manuals for any appliances they are inheriting from you, leave the names of service providers you recommend and the numbers of a few good food delivery spots (or if they were jerks at the closing, just leave them the number of the so-so spots). These moves will keep your moving karma clean so that all will go well on your end.

contemporary desk accessories

Also See:

• All-in-One-Place Checklist to Selling Your Home and Moving
• Pack All Your Shower Supplies in One Caddy
• Keep a Local Plumber's Number Handy

Written by Houzz.com

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com

Avalon and Stone Harbor Weekly Update December 22nd, 2016

BEACHFILL EXPECTED IN 2017:  Last week Avalon’s Borough Council approved a State Aid Agreement with the New Jersey Department of Environmental Protection that will result in a substantial hydraulic beach fill project for both Avalon and Stone Harbor in 2017.  Sand will be pumped onto Avalon’s beach from Townsend’s Inlet, and onto Stone Harbor’s beach from Hereford Inlet.  It’s hoped the beach fill project will be completed sometime in the spring, ahead of the summer tourism season.

Downtown areas of Avalon and Stone Harbor are decked out for the holidays!

IF YOU’RE HERE over the holidays, be sure to visit the business districts in Avalon & Stone Harbor.  Both towns are decorated with enough lights to make you feel like a kid again!  And if you need an activity for the family, consider visiting the Cape May County Zoo (open every day except Christmas), or take in a movie at the Harbor Square Theater in Stone Harbor—it’s open every day including Christmas, when four movies will be shown, including Rogue One: A Star Wars Story!

NEW YEAR’S EVE dining options on the Island include Fred’s Tavern (609-368-5591), The Princeton (609-967-3456), Bobby Dee’s Rock ‘n Chair (609-967-3300), and The Reeds at Shelter Haven (609-368-0100).  Be sure to call ahead for reservations!  If you’d like to ring in the New Year with fireworks, check out Sea Isle City’s family friendly New Year’s Eve celebration—a crystal ball drops at 7pm, and fireworks follow at 8pm, at JFK Boulevard & the beach (http://www.visitsicnj.com/featured-event)   .  Just a bit further north, Ocean City’s First Night begins at 4pm and includes concerts, comedy, amusement park rides, and fireworks at midnight(www.FirstNightOCNJ.com).

THANK YOU for making 2016 a great year!  I appreciate your business and referrals!

HAPPY HOLIDAYS to you & yours!  May the joy & warmth of the season be with you!

THE AVALON/STONE HARBOR UPDATE will return the week of January 2, 2017.

UPCOMING EVENTS:

• One Christmas Carol, festive family holiday show, Cape May Stage, visit www.capemaystage.org for details, now through Saturday, December 31
• Story Time at the Avalon Free Public Library, 10-10:45AM, Tuesday, December 27
• Winter’s Wildlife Camp for ages 4-8, 4 day adventure camp at the Cape May County Zoo focusing on animal habitats, animal care, conservation & the environment, visit www.cmcZoo.com for info, Tuesday thru Friday, December 27-30
• Story Time at the Avalon Free Public Library, 10-10:45AM, Thursday, December 29
• Harpist on the Porch, classical & holiday music, Avalon Free Public Library, 1-3PM, Saturday, December 31
• Ocean City’s First Night Celebration, family fun including magic, rides on Wonderland Pier, the Greaseband, a Neil Diamond tribute concert on the Music Pier, giant fireworks display at midnight, visit www.firstnightocnj.com for details, 4PM-Midnight, Saturday, December 31
• Story Time at the Avalon Free Public Library, 10-10:45AM, Tuesday, January 3
• Story Time at the Avalon Free Public Library, 10-10:45AM, Thursday, January 5
• ‘Guys With Guitars’ live performance featuring blues & rock music, Harbor Square Theater in Stone Harbor, Saturday, January 7
• IPad Workshop designed for beginning users, Avalon Free Public Library, register at 609-967-7155, 10AM-Noon, Saturday, January 7
• Cape May Traditional Jazz Society presents the Mary Lou Newman Jazz Band, VFW Post #386, 419 Congress Street in Cape May, 2-4PM, Sunday, January 8
• Creative Writing Seminar, Avalon Free Public Library, register at 609-967-7155, 10AM-Noon, Saturday, January 21
• A tribute to ‘The Last Waltz’ with live singers and musicians, Harbor Square Theater in Stone Harbor, Saturday, February 4

Featured Property:
Five bedrooms, Bayfront, on a 60x250 lot!

4308 Ocean Drive, Avalon, $1,800,000, ACTIVE MLS#: 172357

New Listings:

334 92nd Street, Stone Harbor, $1,300,000, ACTIVE MLS#: 173728

8801 First Avenue, Stone Harbor, $2,695,000, ACTIVE MLS#: 173715

7 86th Street, Stone Harbor, $3,600,000, ACTIVE MLS#: 173754


Properties Sold:

401 21st Street, Avalon, $499,999, SOLD MLS#: 171496

358 39th Street, Avalon, $635,000, SOLD MLS#: 172508

2527 Dune Drive, Avalon, $825,000, SOLD MLS#: 168539

323 40th Street, Avalon, $827,500, SOLD MLS#: 172542

389 95th Street, Stone Harbor, $850,000, SOLD MLS#: 171400

560 24th Street, Avalon, $1,025,000, SOLD MLS#: 166666

343 92nd Street, Stone Harbor, $1,080,000, SOLD MLS#: 172869

277 88th Street, Stone Harbor, $1,100,000, SOLD MLS#: 166164

250 54th Street, Avalon, $1,100,000, SOLD MLS#: 173293

115 20th Street, Avalon, $1,150,000, SOLD MLS#: 172416

4318 Fifth Avenue, Avalon, $2,800,000, SOLD MLS#: 173662

Nancy M. Alexander - Stone Harbor and Avalon NJ Real Estate NancyAlexander.com