Tag: austin investor

How To Open Spaces with Glass

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When you think of glass in a house, you think luxury, modern, and clean. Some other mental images are natural light and views. But whether you know it or not, glass is a material that can transform a home. Here is how to use it to open up your indoor and outdoor spaces. 

Stairway

A glass stairway helps emphasize the interior architecture and unblocks sightlines. A clear, low iron glass creates a more spacious look. Low iron will remove the greenish tint you sometimes see in clear glass. The popular style is a frame with posts framing the glass infill. For indoor staircases, standoff pins are a fantastic high design frameless look.

Interior balconies

Balconies made of glass will help create an open, airy effect as the scenery can enter the home and be seen from anywhere. It will also remove dark, separated areas with its influx of natural light. Talon spigots are a good option for glass railings to create an uninterrupted view. Another option is a slim stainless steel top rail. 

Exterior balconies

Exterior balconies create a picture-perfect view of nature. With no interruptions, it’s a great option that also blocks wind. If the clear glass is too vulnerable, frosted glass is a good option too. 

Guardrails

If there are guardrails inside the home, help open the floorplan with glass. The glass will enhance the room’s width and openness. It also creates a modern look. Laminated glass is a good option if you want a frameless option as there are layers of glass. 

 

If you’re ready to renovate to glass and get the highest return on investment, contact me so we can get started! Reach out to TALK Property Management– We are here to help: (512) 721-1094 or dbrown@talkpropertymanagement.com.

The Top Kitchen Trends of 2021

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With a significant amount of time spent inside over the last year, homeowners are more discerning when it comes to kitchen preferences. In fact, Houzz surveyed over 2,000 U.S. homeowners to see what projects they’re tackling in their kitchens this year. So, if you’re looking to revamp your kitchen, these ideas make the cut! 

COVID-19 Trends

Storage

94% of surveyed homeowners said storage was their priority. They’re expanding their storage by replacing their kitchen cabinets (63%). And those who did a partial cabinet upgrade (31%), almost 30% of them added cabinets to their newly renovated kitchen. This is four times the amount compared to last year! For those who partially replaced cabinets, the number one improvement was refinishing the exterior (60%), then adding cabinets (28%). 

Pantries

46% said they are adding or upgrading their pantry to include more space. This is up by 3%. There’s also an increase in walk-in panties by 3%. 

Changes in Open Layouts

Open-concept was a popular layout in the past, but it has decreased by 10% compared to 2019’s percentage of 53%. People are no longer wanting to renovate their open-floor plan by opening up their kitchen to other interior spaces. 

Outdoor Connection

One in 5 homeowners wants to open the kitchen to an outdoor space. 22% of homeowners are more open to outdoors, with the majority choosing to open via double doors or having a row of doors.  

Design

Backsplashes Extended

Homeowners are increasing their backsplash to include from the countertop all the way to the upper cabinets or range hood (68%). White is still the number one choice for a backsplash color (37%). Still, multicolored is second. 54% of homeowners chose ceramic or porcelain tiles are their preferred material. 

Flooring 

Ceramic or porcelain tile ranked number one for flooring (24%). Hardwood is second at 23%, and vinyl continues to grow in popularity at 19%, which is 6% higher than the previous year. The top flooring color for renovated kitchens was wood at 51%. The second place was gray (14%) and beige at third (10%). 

Island Cabinet Colors

Almost half of homeowners renovated their kitchen to have a different color island cabinet from the rest of the kitchen to make it pop (41%). The top color choices are blue and gray for their contrasting island cabinets. 

55% of homeowners chose to add an island or upgrade their current island. The popular layout choice is to add an island to create an L-shaped layout (38%). 

High Tech Faucets

Many homeowners want high technology in their kitchen, and a faucet is one of them. More than half of upgraded faucets have high-tech features. 26% claimed to be water-efficient, 22% said there’s a no-fingerprint coating, and 21% are touch-free activation. 

Neutral Colors

Gray, white, and beige colors continue to dominate in the kitchen. But a small percentage wants to mix it up by including blue walls (7%), gray flooring (14%), colorful backsplashes (18%), and black appliances (16%). 

Why They Remodeled

In this survey, Houzz also asked why they decided to remodel. The majority said they’ve wanted to do it all along, and now they finally have the means to do so (40%). 35% said they could no longer stand the old kitchen and 30% said their old kitchen was deteriorating or broken down. 28% said they wanted to personalize their newly purchased home, and 14% were inspired to change certain items. 

The most popular renovation was countertops at 88%. The second was backsplash at 83%, and the third is 80%. Other popular renovations were faucets (78%), light fixtures (74%), flooring (65%), all appliances (51%), wall finish (46%), some appliances (33%), windows (28%), exterior doors (19%), interior doors (17%), and electronics (10%). Upgrades to light fixtures, appliances, wall finishes, and interior doors decreased compared to last year. 

When changing the kitchen layout, 44% opted to change the kitchen layout: 38% and 34% upgraded systems and modified walls. Al little more than two-thirds kept their kitchen the same size, where almost 30% opted for larger. Over a quarter opted to make it up 50% larger, and 7% chose more than 50%. 200 square feet or more accounted for the renovated kitchen’s final size for 51% of homeowners. 

After their kitchen renovations, 97% reported their number one activity is cooking. Dining and eating are second at 70%, a tie with 2020’s percentage. Third place was baking at 69% (remember all the bread we baked at the beginning of 2020?). Besides cooking and baking, the top activities after their kitchen renovation were eating and dining (52%) and entertaining (50%).  

As we can see from the data, homeowners want a space with a closed layout to personalize. If you need help deciding what home designs increase your rental property’s ROI, reach out to TALK Property Management– We are here to help: (512) 721-1094 or dbrown@talkpropertymanagement.com.

 

A Realistic Look at Austin Investment Opportunities in 2020

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If you are considering investing in Austin real estate as we approach uncertain times in the COVID-19 era, you need to be realistic and ask yourself the hard, honest questions. An economic downturn can offer opportunities for real estate investors where competition is lessened, and the number of those seeking rentals can increase. Investing in Austin requires a keen eye for opportunity, and now is the time to prepare to buy a rental property. 

First, an Austin investor needs to understand the current real estate market. Local REALTORS® have access to resources that an investor can use to study current trends. Consulting with an agent that works daily in Austin’s home buying and selling industry is key to making an informed decision. Recently, residential sales in the Greater Austin area have increased by 2.2% year over year, while the median price hit a spike of 11.7% compared to March 2019. The numbers indicate that the first of the year’s activities were on track to continue pushing the market to new highs. As the May selling kicks off, the housing market could start to see subtle or not so subtle changes due to COVID-19’s effect on the economy. No one has absolute answers, but we can strongly speculate a significant shift ahead. 

Second, those seeking to buy rental properties in Austin need to evaluate their financial situation honestly. Here are a few key areas to analyze:

  • Savings – can you cover at least three months of personal expenses, including having funds set aside for emergencies?
  • Job situation – are you in a stable position, or does your industry anticipate layoffs?
  • Assets – do you have assets that will become a burden and/or are you considering selling one or multiple assets first?
  • Liquidity – do you have readily available funds for a down payment, repairs, maintenance, and future mortgage payments?

2020 health concerns are creating unprecedented times but can also present opportunities for those intending on investing in Austin rental properties. For the realistic buyer, now is the time to prepare for those opportunities. If you need guidance from a local, experienced REALTOR®, contact Dona Brown and Talk Property Management. We serve in Travis, Williamson, and surrounding counties in residential sales and property management. Call 512-721-1094 for a free consultation. 

Property Management During COVID-19

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Property management in a normal market is a complex industry. There are several complicated moving parts from understanding the current real estate market to staying informed of changing leasing and fair housing laws. Now, take that complex market and add the impact of COVID-19, and property management has become a moving target. 

What do you need to know regarding leasing and property management in Austin during the COVID-19 concerns? 

Tenants who are having trouble paying rent or other fees due to COVID-19 complications can establish a temporary, flexible payment plan with property owners and landlords. As a Texas REALTOR®, you can access the agreement form by clicking here.

Although tenants have the right to ask for assistance in payments, they cannot refuse access to the property in fear of virus-related consequences. They must follow current agreements for entering the property, and if property owners choose to screen those viewing the home, they must follow fair housing guidelines. However, if the tenant is at a higher risk of developing an illness, they may have different rights. When considering accessing a home with a fearful tenant, property owners and managers should move slowly and carefully with respect for the safety of everyone involved. 

Residents struggling with the effects of current health concerns may find themselves well underwater; however, the Texas Supreme Court has suspended all eviction hearings through May 18th, 2020, as well as put other restrictions in place such as prohibiting posting evictions through May 25th, 2020.

An owner and property manager must pay close attention to evolving guidelines in handling tenant nonpayment issues. As health concerns twist and turn current tenant rights and leasing laws, income property owners need to stay up to date on the latest legislation.

If you have questions or concerns regarding property management and rental homes, please do not hesitate to contact Dona Brown with Talk Property Management. Our years of experience make us a reliable resource in Austin. 512-721-1094.