Eco Fair 2014

by Sue on April 22, 2014

Sunday April 27, 2014
Downtown Arena
Charlottesville

The Eco Fair is a great opportunity to learn about environmental topics! There will be workshops, children activities, music and food! New this year is a “Green Auto” section. You can find out about more events happening this week at Charlottesville Earth Week. Get Involved to protect our planet!

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Montpelier Wine Festival

by Sue on April 19, 2014

Wine Festivals Near CharlottesvilleMontpelier Wine Festival
May 3-4, 2014

This annual wine festival held on the grounds of the home of James Madison has wine tastings all day and is packed full of live music, arts and crafts, specialty food vendors even children’s entertainment and rides. Don’t forget to wear your largest, smallest, winey, beyond your basic baseball cap, spring bonnet or kids hat for the Hat Contest held each day at 3:00PM. You could win a 3 pack of wine! For a list of all the activities, tickets and a list of participating vineyards please visit the Montpelier Wine Festival website.

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Despite the unusual winter, Charlottesville area real estate sales continued to stay steady and even improve in some areas. See the latest Charlottesville Area Association of Realtors’ first quarter of 2014 market report.

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Cost and Value of 2014 Home Improvements

by staff on April 10, 2014

Home ImprovementsIf you could ask thousands of Realtors about which home improvements seem to really help a seller, you’d have a great cross-section of opinions based on firsthand knowledge.  Well that’s exactly what Realtor Magazine did.  And their most up-to-date responses might assist you in preparing your home for the today’s market.

If you’re considering the addition of an outside wood material deck ….. good choice.  That could bring you 87% of your costs when you sell (78% in our own Central VA region).  But if you use a composite material for a deck, you’ll recoup about 10% less.

And if you want to upgrade to an exterior cement siding product like Hardiplank … buyers like that, and you could regain 87% of that expense when you sell as well.

And oh, that ever-important front door impression… a new steel door can be worth a 96% recoup on your improvement.   Doors and windows in general are a good investment.  Garage doors, window replacements… all of these yield good returns.

Of course the resale value of repairs will vary from region to region, so it’s nice to use this link to research the Cost Vs. Value of repairs in specific areas of the country.    In Central Virginia results, the reports show that it pays for a seller to remodel/upgrade that bathroom, because it can bring in 110% of the cost of the project.  (We like our bathrooms!)

In general anything a seller can do to increase usable floor space, enhance windows and doors, or correct “issues” that might not appeal to the tastes of the next owner (like that pink living room)… it will have some measure of payback for the sale.  In upscale homes, a kitchen or a master suite or a major garage improvement should also yield a return.

The repairs that qualify more as “expense” rather than “investment” tend to include projects that are specific only to the seller’s needs…. like a different color of stove.   Often the seller becomes absorbed in personal projects that increase the value for THEMSELVES but they forget that a buyer might plan to remodel the whole kitchen or switch to gas cooking …. so those changes would have no value to the next guy.  Another example of that is a swimming pool, which many see as an asset and many others consider it to be a feature that needs to be eliminated.   Guess this is why they make menus!

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Albemarle-Charlottesville Historical Walking Tours

April 7, 2014

The Albemarle-Charlottesville Historical Society will begin this year’s Historical Walking Tours on April 12, 2014. These tours center around Court Square, the Downtown Mall and various cemeteries and is a great way to learn Charlottesville’s rich history! For a complete description of the tours please visit the Albemarle-Charlottesville Historical Society website.

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Historic Garden Week

April 5, 2014

The Garden Club of Virginia presents Historic Garden Week – April 26-May 3, 2014. The tour proceeds benefit the restoration and preservation of Virginia’s Historic Gardens. Albemarle-Charlottesville tours will take place on April 26th and 27th. To purchase tickets and download the brochure please visit the Garden Club of Virginia website.

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Go X Stream-The Rivanna River Makeover

March 31, 2014

Join the Rivanna Conservation Society April 18 through 26th in the Go X Stream-The Rivanna River Makeover. Volunteers are needed for buffer plantings, cleanups, restoration and more. The events will take place all along the watershed and particularly in Moores Creek. Please visit the Rivanna Conservation Society for more information and all the events they […]

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Head Games About Tub Games

March 20, 2014

Over the years we’ve noticed that homebuyers have seemed divided … along generational lines … about the desirability of a bathtub in the master bath.   Granted, great looking tubs can always draw an ooh or an ahhh.   A clawfoot tub, a setting near scenic window views, a deep therapeutic tub, or an ‘organic setting’ with lots of candles […]

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Actual Comparison of Rent Vs. Buy

March 20, 2014

Go ahead and give it a try.  The NY Times has published a fairly sophisticated calculator so that you can compare the total costs of renting vs. buying over a number of years.   Unlike other calculators, this one takes into account whether home values will rise or fall, what is the cost of missed opportunities, […]

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New Construction in Albemarle County

March 18, 2014

Depending on how you want to crunch the numbers, new construction makes up anywhere from 10 to 15% of the Charlottesville real estate market when looking at the number of listings sold through the Charlottesville Area Association of Realtors. Of course, custom builds generally are not included in these numbers.  There are several new developments in […]

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