Thinking of remodeling or you need to renovate a space in your home? This helpful video offers helpful tips when thinking about these changes to your home!
If I’d Known…
We’ve probably all said or at least thought “if I knew then, what I know now, I would have done things differently.” We should have stayed in school longer. We should have listened to our parents. We should have bought Apple stock in 2002 for $8.50 that sells for $400 today. Or we could have bought gold in 2000 for under $300 for a four-fold profit today.
Years from now, if we look back at 2012, we may say that it was the best buyer’s market ever. Even now, in 2013, it’s apparent that both housing and mortgage prices are going up and they may never return to the record low levels.
The housing affordability index, which is considered to be good at 100, had increased to over 200 this past December, January and February. Shrinking inventories and rising prices in most markets have caused the index to fall to 172.7 for May 2013. We also experienced this trend in our Olathe and Kansas City areas!
This market applies equally to acquiring a home to live in or a home to use as a rental. It is estimated that about 30% of the property purchased last year was done by investors. It is understandable because the positive cash flows far exceed most other investment alternatives.
Homeowners moving up in a rising market may sell their home for more by waiting but it will also cost them more for a new house. Typically, a person buys a 50% larger home when they move up. If they wait for prices to go up 10% on the $150,000 home they’re selling, they’ll realize $15,000 more but will pay $22,500 more for the new home purchase. They’ll actually net $7,500 less by waiting for prices to go up and may have to pay a higher mortgage rate too.
The question homebuyers and investors alike are faced with today is whether they will be saying years from now that they seized or missed an opportunity of a lifetime.
Looking for an Olathe or Kansas City home for sale?
Interested in what your home is worth?
Give us a call! We’re here to help at the Char MacCallum Real Estate Group! 913-782-8857
At The Char MacCallum Real Estate Group, we receive phone calls from our clients weekly asking if we have any moving professionals that we would recommend. We often review some do’s and don’ts about picking a moving company. Here are some of our top tips for selecting a moving professional to ensure you pick the company that is right for your local and long distance moves in or out of Olathe, Kansas and the Kansas City areas.
Char MacCallum Real Estate Group
Retirement Without a Mortgage
Planning for retirement is obviously important and many times, an activity plagued by procrastination. Some people plan to have their home paid for by that magical date so they won’t have payments after they retire. It makes sense to eliminate a large recurring expense before they quit working.
One strategy would be to be make regular principal contributions in addition to the payments so that it will eliminate the debt by the target retirement date.
Let’s say that a homeowner refinanced their $200,000 mortgage at 4% last year with the first payment due on May 1, 2012. Under normal amortization, the home would be paid for at the end of the term; 30 years in this example.
By making additional principal contributions with each payment, it would accelerate the payoff on the home. An extra $250.00 a month would pay off the mortgage in 20 years. $524.55 extra with each payment would pay off the loan in 15 years; and $796.23 would pay off the loan in 12 years.
Having a home paid for at retirement has the obvious benefit of no house payment. It is also a substantial asset that could be borrowed against or sold if unanticipated events should occur you should also give thought to the idea of investing in an asset protection from offshorecitizen.
Another strategy might involve purchasing a smaller home now to use as a rental that you intend to live in when you retire; see Retirement Home Now.
We know you may have a few more questions, please feel free to contact the Char MacCallum Real Estate Group for more information at 913-782-8857.
To make some projections to pay off your own mortgage, use this Equity Accelerator.
The mortgage Equity Accelerator, it will look like this:
It’s still a great time to buying & selling homes!
The Char MacCallum Real Estate Group is here to answer any questions you may have!
Located in The Reserve at Prairie Highlands, this beautiful 4 bedroom, 4 bath home offers golf course views, private serene area of neighborhood and many custom features throughout the home. The kitchen is a gourmet chef’s dream kitchen with double ovens, stainless appliances, a raised ledge center island and tons of cabinet space. The home was designed to have picturesque views of the golf course from almost every room! Relax in the Master Suite with spa-like bath. Finished walk out basement has full bar for great entertaining, elegant built in cabinets, dramatic ceiling and more! With a deck and a patio area, relax and enjoy the peaceful views of the golf course and the surrounding yard. See more pictures and the virtual tour!
Char MacCallum Real Estate Group Inc.
The Home Affordable Refinance Program or The HARP Program has been extended for 2 more years! Know someone that owes more on their home than it is worth? The HARP program helps re-finance for more favorable mortgage rates. Here’s a quick video about The HARP program.
Know someone that may owe more on their home than it is worth? Contact The Char MacCallum Real Estate Group for more information. We can help 913-782-8857.
Olathe and the Kansas Cities Areas
4th of July Fireworks and Events
Looking for local fireworks shows, events or things to do on the 4th? Here is a quick list! Our favorites are always the Mall fireworks show as well as a ‘home-made’ fireworks show at theGardner lake! Where ever you go to see fireworks or celebrate – enjoy the time with your family!
Happy 4th of July!
Mahaffie Stagecoach Stop & Farm
Independence Day 19th Century Style
When: July 2, 10- 4
Where: 1200 Kansas City Road in Olathe, Kansas
Hours Open Wednesday through Saturday: 10 a.m.-4 p.m. Sunday: 12 p.m.-4 p.m. Closed Mondays and Tuesdays. 19th century baseball, music and a reading of the Declaration of Independence and cannon firing. Admission is free but donations are requested.
Powell Gardens Booms and Blooms 2013
Under 5 free, Adults 12, seniors $12, kids 5-12 $10
All day admission to the gardens including Heartland Harvest garden and Nature Connects exhibit, trolley and parking. There will be performances and children’s activities, including live music beginning at 4:30 pm. 7:30 Lee’s Summit Symphony will perform patriotic favorites. After the symphony or at dark, approximately 9:30pm fireworks show will begin.
Paola Fireworks Spectacular
Where: Miola Lake 22470 W 299th St Paola, KS
When: July 3rd gates open at 4:30 p.m. fireworks begin at dusk
(donations will be taken at gate)
Celebrate America at Worlds of Fun
Where: Worlds of Fun 4545 Worlds of Fun Dr. Kansas City , MO
When: July 4, 5, and every Saturday in July
Fireworks show on Thursday, July 4, Friday, July 5th PLUS every Saturday in July! Fireworks begin at 10 pm. Please Note: On Thursday, July 4th, Worlds of Fun Avenue will be closed from 7:30 p.m. to Midnight. The pick-up and drop off area will be moved to Oceans of Fun’s parking area and will be accessible to guests of both parks.
Where: Berkley Riverfront Park Grand Blvd & River Front Rd Kansas City, MO
When: July 4, 2013 4:00 pm until 11:00 pm
Missouri Riverfront at beautiful Berkley Riverfront Park. “ KCRiverFest is a celebration of our culture, heritage and country. KCRiverFest will be have music of rock, r&b, country, Latin, blues and more. COST: $5/ea
July 4th in Gardner
When: Celebration Park 32701 W. 159th St. Gardner, KS
Where: July 4, 2013 5:00 pm until 10:00 pm
“The July 4th fireworks display and activities will take place at Celebration Park. Families will be able to enjoy the large playground, picnic shelters and trails while they wait for the big show! Additionally there will a DJ playing your favorite songs along with inflatable for the children to enjoy. The Color Guard will be present as well as the local orchestra to join in on the ceremonies. Tailgating in the parking lot is welcomed. Fireworks will begin around sundown.”
Jackson County’s 4th of July Celebration
Where: Longview Lake Beach 1101 Raytown Road Kansas City, MO
When” July 4, 2013 6:00 pm until 10:00 pm
Longview Lake, largest water balloon contest on the lake. Test your skills at our fun-filled carnival games and rides. Keep your eye on the sky when Skydive Kansas City drops in for a special salute to our Veterans. Get rockin’ with Nashville country rock group, Blackjack Billy! Enjoy foods of summer, HUGE fireworks and much more. Admission is FREE and the fun starts at 6:00 PM! Parking $5.00 per Car”
Overland Park Star Spangled Spectacular
Where: Corporate Woods Overland Park, KS
When: July 4, 2013 4:00 pm until 11:00 pm
“Overland Park Rotary’s 4th of July Star Spangled Spectacular is a community celebration, fund raiser, and civic service event. As one of Corporate Woods’ and the City of Overland Park’s premier gatherings, the event draws an estimated one hundred thousand people in the immediate and surrounding areas to share camaraderie, music, family activities to celebrate our country’s birth and veterans. The event raises money for three local charities selected annually as well as the Overland Park Rotary Club Foundation. One sponsor hosts several hundred wounded and service disabled veterans, along with their families, in honor of their service to our country. The Star Spangled Spectacular helps Overland Park Rotary fulfill itsMission of “SERVICE ABOVE SELF”. This year marks the 22nd annual event presented by Rotary Club Overland Park. In case of rain, the rain date is Friday night, July 5. There will be fireworks only – same time and same place.”
Flags for Freedom
Where: Merriam Marketplace 5740 Merriam Dr. Merriam, KS
When: June 29, 2013 to July 6, 2013
“Celebrate America at this patriotic display of nearly 2,000 American Flags. Throughout the event, there will be special concerts, ceremonies, and festivities honoring the American Armed Services. All events are family-friendly and FREE of charge. 913.384.5440”
Kansas City Zoo
Free Admission for Active & Retired Military on Fourth of July
Where: 6800 Zoo Dr Kansas City, MO
When: July 4, 2013 8:00 am until 4:00 pm
Independence Day at the Farmstead
Where: Deanna Rose Children’s Farmstead 13800 Switzer Rd. Overland Park, KS
When: July 4, 2013 9:00 am until 12:00 pm. Independence Day at the Deanna Rose Children’s. Old Fashioned crafts. No fireworks allowed. Admission fee: $20
Independence Day at Missouri Town
Where: Missouri Town 1855 8010 E Park Rd Blue Springs, MO
When: July 4, 2013 9:00 am until 4:30 pm
Experience the 4th of July in an antebellum Missouri village as its residents celebrate Independence Day 1850’s style A special patriotic parade, where visitors join staff strolling through the village. Adults $5.00Youth 5-13 and Seniors $3.00 Under 5 Free. 816.503.4860
Where: 77th & Mission Prairie Village, KS
When: July 4, 2013 7:30 am until 1:00 pm
The festivities will begin at 7:30 am with a Pancake Breakfast ($5/plate) supplied by Chris Cakes. Other activities throughout the day will include: NEW Mobile Zip Line, Headstrong for Jake Bike Rodeo, Patriotic Service, Children’s Parade – bring your bikes, trikes, wagons & roller skates! No registration required. Trackless Train, YMCA Kids Tumbling Area, Child Craft Center, Inflatable slides and obstacle courses, Climbing Wall, Face Painting & Wacky Hair, Petting Zoo and Pony Rides, Clement McCrae Puppets, Displays and demonstrations by Police and Fire District #2 and LIVE MUSIC throughout the day.