Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Jan. 11, 2022

Is It Time for New Cabinets?

Cabinets play an important part in the functionality of your kitchen. Unfortunately, over time you might find that your cabinets no longer really meet your needs. This could be because they’re falling into disrepair, or it may be a result of you gradually needing more storage than your cabinets can provide. You might even realize that the decoration of your kitchen and surrounding rooms just don’t match your cabinets anymore. Regardless of the reason, it could be time to consider some new cabinets.

Have you actually reached the point where you need to get new cabinets, though? If you aren’t sure, spend a little time considering how well your cabinets truly meet your needs and what it is that you ideally want. Here are a few things to think about to help you make this decision.

Cabinet Condition and Function

One of the biggest considerations when it comes to deciding if it’s time for new cabinets is how well your current cabinets really fit your current life. Your biggest things to think about here are whether the condition of the cabinets is causing you problems, and how well the cabinets actually work for what you need them for. Start with the condition, looking for any damaged areas, doors that won’t close, warped shelves, and other physical problems that you encounter when using the cabinets. If these leave you unable to use some of your space or otherwise cause problems, it may be time to do something about it.

Likewise, if you have certain items that you can’t put in your cabinets because they won’t fit, or if there are parts of the cabinets that you can’t really use due to layout reasons, then you may have an issue with the functionality of your cabinets. Sometimes this isn’t a significant enough problem to replace your cabinets, of course. If using the cabinets is inconvenient or if you have a lot of wasted space, though, something clearly needs to be done.

Cabinet Aesthetics

Even though it’s not as pressing of an issue as damaged cabinets or cabinets that you can’t usefully, having cabinets that don’t match your other furnishings can also be an issue if you’re trying to tie your design choices together. Stop and think about how well your existing cabinets go with everything else, and even whether they are visually appealing in and of themselves. Your home is an investment, and if your cabinets are taking away from your enjoyment of that investment, then it might be time to replace them.

Replacing your cabinets for aesthetic reasons can be a standalone job, or it could be something that you do as part of a larger remodeling project. If you’re only replacing the cabinets, take the time to find a new cabinet option that fits in well with your kitchen layout and the dominant design elements within the kitchen. If you’re doing a larger kitchen remodel and have decided to get rid of your ugly cabinets as a part of it, stop and think about what you want in cabinets and then use that to inform some of your other remodeling decisions.

Posted in Home Keppr
Jan. 11, 2022

How To Hit Your Homebuying Goals This Year [INFOGRAPHIC]

 

How To Hit Your Homebuying Goals This Year [INFOGRAPHIC] | MyKCM

Some Highlights

  • If you’re looking to buy a home, you may want to put these items on your to-do list to ensure you hit your goals.
  • It’s important to start working on your credit and saving for a down payment early. When you’re ready to begin your search, work with a real estate professional and get pre-approved so you know how much you can borrow.
  • Connect with a real estate advisor so you have the guidance you need to achieve your homebuying goals this year.
Posted in Buying Tips
Jan. 7, 2022

What Do You Need to Know About Home Appraisals in 2022?

What Do You Need to Know About Home Appraisals in 2022?

Home Appraisals in 2022 is a very controversial topic. There are a  lot of people who are going way over asking the price when it comes down to appraisals. So here's what you really need to know about Home Appraisals: 

 

They are opinions of value

Home Appraisal is just an opinion of value, a snapshot in time. This means, what the house appraises for today is going to be very different than what it could appraise for the next six months.  When you’re buying a home and you’re going through the appraisal process there are things that you can do when you write an offer: 

1. You can fully protect yourself 

Meaning that the house has to appraise for the value that you offer. For example, if you offer $300,000 on a $280,000 home and the appraisal comes in shorter let’s say $290,000, I can walk away because I know that I have fully protected myself. You can also 

2. You can partially waive the appraisal. 

This is how you can protect yourself partially. Let’s say if I own a $280,000 home and I go $300,000, then I’ll move forward as long as the house comes in at $290,000 which means if it comes in short at $290,000, I'll bring $10,000. If it comes in at $295,000 I'll bring an additional $5,000. Now, this additional money is on top of your downpayment and your closing cost so keep that in mind before you do something like that.

3. You don’t care what the home appraises. 

This is one of the big dollars out there who says you know what I got money. There are people who would say I don't care, I want this house, I want it so bad, I don't care. I am going to go $300,000 and I’m going o pay you $300,000 regardless. Here's the thing about that: this will really help you win the offer. However, if the appraisal comes in at $295,000, you will need to bring an additional $5,0000. If it comes in at $280,000, you will need an additional $2,000. Basically, you don't care what the home appraises for because you will still bring the money regardless of what it appraises for. 

 

Here in Texas, you can fully waive your appraisal and pay for conviction alone with an Appraisal

Document. For FHA and VA, it's a little bit different because they’re more by the mandatory clauses which say that the bank can only lend you to the amount that your home is going to appraise for. This is true for any loan. However, this also gives you an out with those two particular loans so. What that means is that, in any loan, if your house comes in at $290,000 and you go $280,000. The bank can only lend you the amount with the home is worth via the appraisal. 


For my home sellers out there, you need to understand this when you take an FHA and VA offer, the appraisal stays with your home up to 90 days. If an FHA buyer tries to buy your home, you accept that offer an appraisal comes in that once again at $280,000. Any FHA or VA Buyer that you go forward with after that they're not getting to appraisal it's not going to be valued differently from the FHA or VA, it's still going to be $270,000. With Conventional Buyers, it's going to be a different story the appraisal stays with the buyer. What this means, that a conventional buyer comes in at $270,000. We don't like that. We want to separate and do something differently. The buyer goes up separate ways than the seller. You get another conventional buyer and it comes in $290,000. it is very common that appraisal can be that different because it's an opinion of value. My opinion is my opinion. 

Basically, that's how appraisals work. Let me know if you have any questions, feel free to give me a call. My number is 817-668-03.

 

Posted in Buying Tips
Jan. 6, 2022

Tips for Flexible Spaces for Kids


Whether you’re looking to design a bedroom, a nursery, or a playroom, creating a unique space for your children is usually a bigger job than you expect. This is especially true if you want to come up with something that will stand the test of time. The wants and needs of your children will change as they get bigger, and if you don’t account for this, then sooner or later that “perfect” room you designed for your little one will be outdated and possibly even unwanted. Is there anything that you can do other than completely redesign your kids’ rooms every few years?

Fortunately, the answer is yes. By taking the way that children’s needs change over time into account, you can come up with more flexible designs that are easier to adapt to even as your child’s interests shift. There will still be periodic changes that have to be made, of course, but this will keep you from having to start from the ground up each time. Here are a few things to keep in mind to help you create some of these more flexible spaces for your kids.

Start Simple

When coming up with the initial design for your child’s bedroom or playroom, it’s a good idea to take something of a minimalist approach to your design. Try to figure out what the absolute essentials are, then see if there is an age-agnostic way to approach them. Add color to the room, but skew a bit more toward the light or neutral shades instead of going with brighter or more extreme colors that your child may grow to dislike.

Invest in a few key furniture items that can be repurposed over time instead of buying specialty pieces that will only be used for a short while. Use colored rugs and other removable accents instead of going for changing the carpeting. Your goal is to create a simple space that has a lot of potential so that as your child’s interests change, you’ll have a base to move back toward and adapt the room from.

Customize the Little Things

Once you have a base design for your child’s room, it’s time to start customizing it to make it appear much more in line with their interests. This is where you can get creative and really try to match the room to your child. Lamps, posters, decorative items, and more can go a long way toward customizing the space while still being relatively easy to remove and replace if your child loses interest over time.

This is also a good time to consider painting furniture items such as desks and dressers. While this may not always be an option, most of the time it’s not that big of a deal to add a coat of paint to simple furniture items to help them better match the look of a room. By painting these accent pieces to match the overall layout of the room, you can make a notable change to the space that can be redone or updated in the future as needed.

Designing with Kids

As your children grow, be sure to get their input periodically so that you can make additional changes that actually align with their interests. This doesn’t mean that you have to rush out and buy everything that your child wants, of course; use these periodic chats to gauge how happy they are with their room, what sort of changes they might be interested in, and if there are any pieces of furniture or decorations that they seem to be outgrowing. The nature of their room is going to change over time, so make sure that they are a part of the conversation on how it needs to change.

It may also be a good idea to speak to an interior designer or decorator who has experience with creating functional and stylish children’s rooms. HomeKeepr can help you find one in your area that meets your needs. Creating a HomeKeepr account is free, so sign up today and get the conversation started on how best to create the perfect flexible space that will continue to meet your kids’ needs over time.

Posted in Home Keppr
Jan. 5, 2022

History Maker Home Walk Through Video from Chisholm Trail Ranch

Chisholm Trail  Ranch is one of the best places to live in Forth Worth, Texas. This family-friendly History Maker Home is the perfect choice for families interested in a home near southwest Fort Worth, Texas. Check out this new construction History Maker Home walkthrough video in Chisholm Trail.  This master-planned community is rich with cool features, amenities in an ideally convenient location - one that surely must not-to-be-missed!

Take a sneak peek of this beautiful new construction home in Texas, the History Maker home from Chisholm Trail.  It has 4 Beds, 3 Baths, 2 story home and has everything you need for your growing family. The open floor plan is inviting and welcoming to guests. The cozy bedrooms and huge bathrooms are your own haven. 

What do you think of this model? 

 

Jan. 4, 2022

Avoid the Rental Trap in 2022

Avoid the Rental Trap in 2022 | MyKCM

Are you one of the many renters thinking about where you’ll live the next time your lease is up? Before you decide whether to look for a new house or another apartment, it’s important to understand the true costs of renting in 2022.

As a renter, you should know rents have been rising since 1988 (see graph below):

Avoid the Rental Trap in 2022 | MyKCM

In 2021, rents grew dramatically. According to ApartmentList.com, since January 2021:

. . . the national median rent has increased by a staggering 17.8 percent. To put that in context, rent growth from January to November averaged just 2.6 percent in the pre-pandemic years from 2017-2019.”

That increase in 2021 was far greater than the typical rent increases we’ve seen in recent years. In other words – rents are rising fast. And the 2022 National Housing Forecast from realtor.com projects prices for vacant units will continue to increase this year:

“In 2022, we expect this trend will continue and fuel rent growth. At a national level, we forecast rent growth of 7.1% in the next 12 months, somewhat ahead of home price growth . . .”

That means, if you’re planning to move into a different rental this year, you’ll likely pay far more than you have in years past.

Homeownership Provides an Alternative to Rising Rents

If you’re a renter facing rising rental costs, you might wonder what alternatives you have. If so, consider homeownership. One of the many benefits of homeownership is it provides a stable monthly cost you can lock in for the duration of your loan.

As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says:

“. . . fast-rising rents and increasing consumer prices, may have some prospective buyers seeking the protection of a fixed, consistent mortgage payment.”

If you’re planning to make a move this year, locking in your monthly housing costs for 15-30 years can be a major benefit. You’ll avoid wondering if you’ll need to adjust your budget to account for annual increases.

Homeowners also enjoy the added benefit of home equity, which has grown substantially right now. In fact, the latest Homeowner Equity Insight report from CoreLogic shows the average homeowner gained $56,700 in equity over the last 12 months. As a renter, your rent payment only covers the cost of your dwelling. When you pay your mortgage, you grow your wealth through the forced savings that is your home equity.  

Bottom Line

If you’re thinking of renting this year, it’s important to keep in mind the true costs you’ll face. Let’s connect so you can see how you can begin your journey to homeownership today.

Posted in Market Updates
Dec. 25, 2021

What Everyone Wants To Know: Will Home Prices Decline in 2022?

What Everyone Wants To Know: Will Home Prices Decline in 2022? | MyKCM

If you’re thinking of buying a home in today’s housing market, you may be wondering how strong your investment will be. You might be asking yourself: if I buy a home now, will it lose value? Or will it continue to appreciate going forward? The good news is, according to experts, home prices are not projected to decline. Here’s why.

With buyers still outweighing sellers, home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace. Why the continued increase? It’s the simple law of supply and demand. When there are fewer items on the market than there are buyers, the competition for that item makes prices naturally rise.

And while the number of homes for sale today is expected to improve with more sellers getting ready to list their houses this winter, we’re certainly not out of the inventory woods yet. Thus, the projections show continued appreciation, but at a more moderate rate than what we’ve seen over the past year.

Here’s a look at the latest 2022 expert forecasts on home price appreciation:What Everyone Wants To Know: Will Home Prices Decline in 2022? | MyKCMWhat’s the biggest takeaway from this graph? None of the major experts are projecting depreciation in 2022. They’re all showing an increase in home prices next year.

And here’s what some of the industry’s experts say about how that will play out in the housing market next year:

Brad Hunter of Hunter Housing Economics explains:

“. . . the recent unsustainable rate of home price appreciation will slow sharply. . . . home prices will not decline. . . but they will simply rise at a more sustainable pace.”

Danielle Hale from realtor.com agrees:

Price growth is expected to move back toward a normal range, but this is on top of recent high prices, . . . So prices will [still] hit new highs. . . . The pace of price growth is going to slow notably . . . ”

What Does This Mean for the Housing Market?

While home price appreciation is expected to continue, it isn’t projected to be the record-breaking 18 to almost 20% increase the market saw over the past 12 months. Overall, it’s important to note that price increases won’t be as monumental as they were in 2021 – but they certainly won’t decline anytime soon.

What Does That Mean for You?

With motivated buyers in the market and so few homes available to purchase, the imbalance of supply and demand will continue to put upward pressure on home prices in 2022. And when home price appreciation is in the forecast, that’s a clear indication your investment in homeownership is a sound one.

Bottom Line

It’s important to know that home prices are not projected to decline in the new year. Instead, they’re forecast to rise, just at a more moderate pace. Let’s connect to make sure you’re up to date on what’s happening with home price appreciation in our market, so you can make an informed decision about your next move.

Posted in Market Updates
Dec. 23, 2021

Tips for Painting Over Dark Walls

 

Hooboy. You’ve finally bought a house, but the paint is so, so dark. “It’s only paint,” you told yourself as you walked through the place, and repeated at your walkthrough prior to closing. “It’s only paint.” And while it’s true that it’s only paint, and paint can always be painted over, going over dark walls is a much different story than trying to paint over light colored walls. Reds, purples, browns, and dark grays are particularly tricky, though anything with much pigment can pose a significant challenge if you’re not prepared. But don’t worry, we’ve put our best painting tips together to help you conquer your dark wall challenges.

 

Tip #1: Primer Is Not Optional

It can be easy to scoff at basic prep work when you’re “just painting,” but as with any project in your home, the end result is going to be directly related to how well you do the prep work ahead of time. And just like laying new tile or installing a new bathroom sink, the amount of preparation time you put into repainting your dark walls will show. The right prep also will make the job so much easier, so that’s something to look forward to.

When painting over dark walls, primer is absolutely not optional. Even if you choose a paint that claims to have a primer built-in (it does not, it’s just a thicker paint), you will still need a high-quality primer. This is not time to skimp on the cheap stuff. Choose a primer that’s designed specifically to block pigment bleeding. The greater the color difference between the paint that’s being covered and the paint you’re covering, the more your primer will have to do. Plan to paint at least two coats of primer on very dark walls.

Tip #2: Choose Colors in the Same Family

If you like the color that your wall already is, but it’s just a shade or two too dark, well, that’s a much easier problem to solve than going from, say, midnight black to snowfall white. Taming the shade is a much easier proposition, since you’re staying in the same color family, and any small amount of pigment bleed may easily go unnoticed. However, you’ll still need to stay close to the same shade, or else you’ll need to go back to Tip 1 and prime as your life depends on it. You should still prime before you paint no matter what you do, but you may not need an industrial-strength primer to switch from deep burgundy to a middling plum, for example.

Tip #3: Paint More Than You Think You Should

One of the biggest mistakes homeowners make when applying new wall paint, besides skipping the primer, is stopping before they’re done. With some colors, it can be a little tricky to tell if you’ve actually finished the job, but if you see any thin areas at all, you should really apply another coat. Chances are good that you didn’t just have one thin spot.

Two coats are often plenty of paint for a regular job, but don’t be shy about applying a third if it’s warranted, or going back later and adding another coat of paint after you’ve lived with it a while and noticed that the paint coverage isn’t really consistent. It’s easy to underpaint a wall, especially if you’re trying to get a job done over a weekend.

If you’re not sure you’re up to paint over your dark walls, or you simply want to make sure the job is one-and-done, you may need to call in a pro. Professional painters can help you choose colors that will look great in your home, as well as apply a finish that you’ll love for years to come. 

Posted in Home Keppr
Dec. 22, 2021

2022 Housing Market Forecast [INFOGRAPHIC]

2022 Housing Market Forecast [INFOGRAPHIC] | MyKCM

Some Highlights

  • What does the coming year hold for the housing market? Here’s what experts project for 2022.
  • Mortgage rates are projected to rise and so are home prices. Experts are forecasting buyer demand will remain strong as people try to capitalize on rates and prices before they climb, creating another strong year for home sales.
  • Let’s connect so you can make your best move in the new year.
Posted in Market News
Dec. 21, 2021

Choosing a Walkway Deicer

As the threat of winter ice and snow increases, many homeowners start stocking up on deicer and other products to try and keep their walkways safe and clear throughout the winter. Not all deicer products are created equal, however, and some can actually do some harm around the home. Not only can some deicing compounds harm plants around your walkway, but they can even cause some damage to your walkways as well if you aren’t careful.

Obviously, damage to your lawn or property isn’t ideal when trying to use a product to keep yourself and your family safe during the winter. With several options available, how do you know which deicer is best for your home? While it may differ based on the composition of specific deicer products, here are some things that you can look for to help choose the right deicer for your walkways.

Avoiding Harmful Compounds

When people think of deicer, one of the first things that they think of is rock salt. It’s the most common deicing compound and has been around for decades, but it’s also the most dangerous to both your walkways and your yard. Rock salt is made of sodium chloride, abbreviated as NaCl, so if you see this on a deicer product you’re considering then you’re probably better off picking something else. Don’t pick just anything, though; some deicers use potassium chloride (abbreviated KCl) instead of sodium chloride, but this can also cause damage and even inhibit the root growth of plants in the spring.

There are a few options out there that are much better for your property than rock salt or potassium chloride. One of these is calcium chloride, also abbreviated as CaCl2, which not only is effective at lower temperatures than rock salt, but also gives off heat as it melts the ice, so it performs better as well. Urea-based deicers, which are made from ammonia, are also useful and are less likely to damage plants than many other compounds. Calcium magnesium acetate, also known as CMA, can also be used and is significantly less damaging than most other deicers because it is free of any form of salt.

Reducing Deicer Damage

If you do have to use a deicer that is potentially damaging to your walkways or plants, you have some options to help you reduce the damage that’s done. Mix the deicer with an inert compound such as sand or cat litter before spreading it, as this will provide traction and reduce the overall amount of deicer that you have to use. Use a mechanical spreader as well instead of just tossing the deicer out by hand to ensure a more even application that will keep large concentrations of salt or other chemicals from being deposited in one location. If you have advance warning before snow or ice hit, you can also cover portions of your steps or walkways with plastic, cardboard, or old towels or rugs; once the winter weather has passed, you can pick these items up and reveal mostly ice-free surfaces beneath them to greatly reduce your dependence on deicer.

Preparing for Winter Weather

Once the worst of winter hits, it’s usually too late to go out and try to buy deicer; many places start running low once winter weather starts showing on the radar. To avoid this, it’s important to stock up on at least a little deicer and other winter prep items well in advance of the bad weather actually arriving. There’s more to getting ready for winter than just keeping deicer and some basic supplies on hand, though.

Take the time to get winter prep inspections done of your HVAC system, roof, and other critical parts of your home done while the weather is still mild. This can help you avoid costly repairs and potentially dangerous situations once you’re in the middle of winter.

Posted in Home Maintenance