## Wednesday, November 27, 2013

### Happy Thanksgiving!

We are always happy when Thanksgiving approaches because this festive occasion gives us the opportunity to appreciate and express our gratitude to all those with whom we have worked together and have had a fruitful association.
It's a pleasure to declare that the past year has been good for us, and we thank you for your unending support which has helped both of us grow.

Happy Thanksgiving and many blessings,
Ebbie

### Decorating Wednesday!

With the holidays coming up a Planter with Red Plants makes a beautiful simple easy outside decor.

Sometimes I just really like simplicity.  This is a perfect example for the on stop type to hang everyone's winter coats from the blistery cold winter we are having.

Underneath these rich colored cabinetry are mounted lights giving that warm inviting glow for any Chef in the Kitchen. Pretty inviting right???

That time of year where everyone is bringing out the Red Wines for their Holiday Christmas Parties and Family Dinners!! Love the way you can store your wine and the uniqueness of the stools!

I love a long gorgeous table. The more the merrier! We love having company over!!

Again, the perfect man cave or after that thanksgiving turkey where everyone gets sleepy. Have your own personal Home Theater instead of going out in the cold!!!

End the night surrounded by family whether playing cards on the table, or charades in the couch area. Who doesn't love games???!!

Until next time and have a wonderful warm Happy Thanksgiving,
Ebbie

## Monday, November 25, 2013

### Here is a interesting Calculator on Home Rate of Return:

Until Next Time,
Ebbie

The decision to buy new or remodel depends on a number of factors, some financial and some not — and ultimately, only you can decide what answer makes the most sense for you. That said, I'm leaning towards the new purchase.

Let's look at some of the issues to consider:

1. Cost per square foot: Although figuring the cost per square foot is an imperfect exercise at best, since it doesn't account for variations in floor plans and materials, it's worth doing the math (price divided by square footage). The bigger house is less expensive at \$143.47 per square foot, versus \$147.36 per square foot for the smaller one (after it's been expanded to 1,900 square feet).

2. Transaction and moving costs: You need to compare the costs of refinancing — and perhaps renting a place to stay while the remodeling takes place — versus the costs of buying new and moving. An online calculator can help you compare these expenses. An interesting one that not only allows you to compare costs but also asks questions to help you sort out your "gut feelings" towards remodeling versus moving can be found at RemodelOrMove.com.
Keep in mind that costs for loans and moving tend to fall into line with budget projections, while remodeling costs often exceed them, swelled by change orders, delays in delivering materials and unexpected problems that crop up during construction, like leaky pipes that are discovered when the drywall is removed.

3. Age and obsolescence: Although you don't say how old each house is, you need to take their relative ages into account, because that can make a difference in the eyes of future buyers. How much depends on the actual age of each house. For instance, if the larger house is 15 years old, and your current house is 20 years old, there may not be much of a qualitative difference between the two in most buyers' eyes. But if you only plan to put an addition on your home, it won't be competitive with a house that's five years old or less, and won't appreciate as quickly. A house that's new will have an updated floor plan, a current kitchen and bath, and materials, fixtures and finishes that have yet to see much wear and tear — well worth the \$50 extra you'll pay per month on the loan.

4. The economy: You may get bargain rates from remodelers trying to keep their businesses in the black during a tough economy (though \$33 a square foot for a 750-square-foot addition seems awfully low). But as home prices continue to fall, many people are seeing their home-equity lines of credit shrink or get cut off — so don't expect them to be reliable sources of money for a renovation. What's more, most of the measures the government is currently considering to stimulate housing, including mortgage rate buy-downs and tax credits, are targeted towards people who are purchasing homes, not those who are refinancing or remodeling.

The bottom line: If you remodel your house instead of moving, you'll be able to get exactly what you want and will have total control over the final result. But given the costs, uncertainties and hassles of remodeling — and the fact that you have a buyer in hand for your current home — if I were you, I'd trade up.

By June Fletcher, The Wall Street Journal

Until next time,
Ebbie