Northern Houston Real Estate and Community News

Jan. 26, 2024

Special Edition Trend Report 2024

Trend Report by Anita McClellan

Jan. 4, 2024

Global Luxury Home Staging

Luxury home staging is an investment that can yield substantial returns by creating a compelling and memorable experience for potential buyers. It goes beyond merely presenting a house; it's about selling a lifestyle and the promise of an exclusive, sophisticated living experience.  
 

  • High-Quality Furnishings and Decor: 

  • Luxury buyers have discerning tastes, so investing in high-quality, stylish furniture and decor is crucial. Opt for premium materials, elegant designs, and cohesive color schemes to create a sophisticated atmosphere. 

  • Tailored Design and Theme: 

  • Tailor the staging to the specific style and architecture of the luxury property. A cohesive design and theme throughout the home contribute to a seamless and visually pleasing experience for potential buyers. 

  • Emphasis on Key Features: 

  • Highlight the unique and standout features of the property. Whether it's a stunning view, architectural details, or high-end appliances, draw attention to these aspects to captivate potential buyers. 

  • Creating Ambiance: 

  • Use lighting, accessories, and strategically placed decor to create a luxurious ambiance. Proper lighting can enhance the mood and showcase the property in its best light. 

  • Functional Spaces: 

  • Showcase each room's purpose and functionality. Luxury buyers often seek not just a home but a lifestyle, so staging should convey how each space can be used to meet their high standards. 

  • Neutral Color Palette: 

  • While incorporating a touch of opulence, it's generally advisable to stick to neutral color palettes. This allows potential buyers to envision their personal style in the space and ensures a broad appeal. 

  • Outdoor Staging: 

  • Don't forget about outdoor spaces. Luxurious gardens, well-maintained lawns, and appealing outdoor seating areas can significantly enhance the overall impression of the property. 

  • Professional Photography and Virtual Tours: 

  • Once staged, Lisa Fay Team Lead, Fay Realty Team oversees professional photography, high quality brochures, mobile brochures, direct mail. You Tube and social media exposure so that your property is uniquely positioned to sell. 

  • Concierge Services: 

  • In some cases, luxury home staging may include concierge services to provide an immersive experience for potential buyers. This could involve arranging private viewings, coordinating transportation, or showcasing nearby amenities. 

  • Ongoing Maintenance: 

  • Ensure the property is consistently well-maintained throughout the selling process. Luxury buyers expect perfection, and any signs of neglect can diminish the perceived value of the property. 

 

 

In conclusion, staying updated with trends and understanding the preferences of luxury buyers can significantly enhance the chances of a successful sale in the dynamic world of luxury real estate. 

Dec. 6, 2023

Best of the Best Global Luxury 2023

Nov. 15, 2023

Grand Opening Chennault Airfield

 

CHENNAULT AIRFIELD—METRO HOUSTON’S FIRST NEW AIRPORT SINCE 2008—

TO HOST GRAND OPENING AND LAUNCH AIRPLANE HANGAR PRESALES

 

CONROE, TX (Nov. 1, 2023) – Chennault Airfield, which will also be the new home to Chennault Aviation Academy, is hosting its grand opening event November 16, 2023. The event is being held from 4 to 6 p.m. that day at 15900 Schank Road in Conroe. The grand opening is open to the public to tour the airfield, which is nearly completed with phase one of its development.

 

Phase one includes the completion of a 3,100-foot by 70-foot lighted runway, basic airport infrastructure and the flight school main hangar. This building for the Chennault Aviation Academy is already completed.

 

The name Chennault was chosen in tribute to Lieutenant General Claire Chennault, who trained Chinese pilots in China, various US war tactics in World War II. China was an allied nation to the United States during WWII. The owners of the Chennault Aviation Academy, wanted to honor this partnership, and create a place for Chinese and American pilots to thrive. One of the academy owners is of Chinese descent.

 

Additionally, the Chennault Foundation’s president is Major General William Chen, the first Chinese American to attain the two-star rank in the United States Army. Vice President of the Foundation is Nell Chennault Calloway, granddaughter of Lieutenant General Claire Chennault. She is also CEO of the Chennault Museum and has provided invaluable input into Chennault Airfield.

 

The land was previously a smaller airfield used for a crop duster dirt airstrip in the 1970s, but had been abandoned for several decades. Due to the runway size limitations, this private airport will be ideal for smaller aircraft. According to a spokesperson for Chennault Airfield, smaller aircraft have been getting displaced in increasing numbers at larger, more congested nearby airports.

 

Lisa Fay and the Fay Realty Team, based with Coldwell Banker Realty, will be on hand for any questions about the purchase or lease of future airplane hangars. Lisa Fay has been a real estate agent more than 8 years and is fresh off being awarded Industry MVP in Houston Agent Magazine’s Agents’ Choice Awards (awards voted on by industry peers). The Fay Realty Team can be reached at 832-732-2630.

 

“This is an amazing project with so much future potential,” noted Realtor Lisa Fay, who got to be a passenger on one of the first airplanes to land at and break in the new airfield. “It will be such a boost for small aviation planes in the northern metro Houston region.”

 

To learn more about Chennault Airfield and its future development plans and completion timetable, visit www.caairfield.com

About Coldwell Banker Realty in Houston

Coldwell Banker Realty in Houston is a leading residential real estate brokerage company with approximately 14 offices and approximately 1,000 affiliated sales associates. Coldwell Banker Realty is owned by a subsidiary of Anywhere Real Estate Inc. (NYSE:HOUS), the largest full-service residential real estate services company in the United States. Visit ColdwellBankerHomes.com. 

Posted in Community News
Oct. 19, 2023

Is It Time to Buy a Generator

How to Determine Which Whole House Generator

Is Best for You 

Great Backup Power Option 

 

A whole house generator can provide back-up power for your entire home, including for essential appliances like your air conditioner, sump pump and refrigerator. Property estimated and installed, you should be able to run everything at full capacity, whether you’re going off the grid permanently or you’re forced off temporarily due to an emergency. 

Consider four primary elements when choosing a whole house generator: power requirements, cooling systems, fuel types and noise levels. 

Power Requirements 

To determine how much power you’ll need for your generator, you can either use an online wattage calculator, the wattage information on your appliances or your electrical bill. We recommend multiplying the total wattage of your appliances by 1.5 to give yourself a safe margin of error. A small to medium-size house in the U.S. typically uses a minimum of 5,000 to 7,000 watts, so you should expect most generators to have a minimum of 8,500 to 10,000 watt outputs. 

Cooling Mechanisms 

When you’ve determined what power level you need from your whole house generator, you should consider whether you want an air-cooled or liquid-cooled system. An air-cooled generator either passively uses the surrounding air to cool the engine or relies on a fan to maintain temperature. 

Liquid-cooled generators pump coolant through the engine block. This coolant absorbs heat from the engine, then is cycled through to the radiator, where it cools off, then moves back to the engine to maintain an appropriate temperature. 

Air-cooled generators are usually less efficient, and they tend to have shorter shelf lives when used in whole-house contexts. They often overheat and then automatically shut down. Liquid-cooled generators tend to work best, particularly if you live in an area that often reaches temperatures of over 100 degrees, because they are much less likely to overheat. 

Fuel Types 

Whole house generators either use liquid propane from a tank or natural gas from a utility line (or custom tank). Propane is cheaper and less contaminating, but using natural gas means you won’t have to refill a tank (although this isn’t an option if you’re looking to go off the grid). 

Be sure to purchase the right type of generator for the fuel you’re looking to use, or check to see if it can be easily converted from one fuel source to the other (most can be). 

Budget 

Choosing the right whole house generator based on your budget involves careful consideration of your power needs and available options. While these generators offer excellent backup power solutions, your choice should align with your financial constraints. 

Understanding your budget is the first step. Whole house generators come in various sizes and capacities, each with a corresponding price range. Smaller generators that power essential circuits will typically be more budget-friendly than larger units that supply power to the entire house. 

It’s essential to balance your budget and your power requirements. Assess your essential appliances and systems that need backup power during outages. This evaluation will help you determine the generator’s capacity that suits your needs without overspending. 

Transfer Switch 

When shopping for a whole house generator, it’s important to make sure you purchase the right transfer switch. This component is a crucial link between your generator and your home’s electrical system. It’s what enables a seamless transition to backup power during outages. 

You’ll want to assess your power demands to choose the ideal transfer switch for your whole house generator. The size of your generator dictates the transfer switch capacity you’ll require. A transfer switch that aligns with your generator’s output ensures efficient power distribution across your household circuits. 

Simultaneously, factor in the complexity of your electrical system. Automatic transfer switches offer effortless power restoration by detecting outages and facilitating a smooth switch to generator power. They’re particularly beneficial for those seeking a hands-off experience. On the other hand, manual transfer switches are more budget-friendly and necessitate manual intervention to redirect power. Weighing convenience against cost-effectiveness is crucial. 

Noise Level 

Whole house generators can run quite loudly (65 decibels on the low end to 69+ on the high end), so it’s important to take that range into consideration when purchasing and placing your generator. 

Best time to purchase is early fall or spring.

Oct. 3, 2023

Why Texas is a Great Place to Buy Land

Buying land in Texas can indeed be a great investment, and there are several reasons why now might be considered a favorable time to make such a purchase. 

Why Texas?

Natural Beauty: Texas is known for its diverse landscapes, from deserts and forests to coastal plains. Many people are interested in owning land for recreational purposes, such as hunting, fishing, or simply enjoying nature.

Population Growth: Texas has experienced significant population growth since the mid-1990s, especially in major cities like Houston, Dallas, Austin, and San Antonio. As the population continues to increase, the value of land is likely to appreciate over time.

Economic Stability: Texas has a diverse economy, including industries like energy, technology, and agriculture. This economic stability can positively influence the real estate market, making it a relatively safe investment.

Diverse Property Options: Texas offers a wide range of properties, from undeveloped acreage to established ranches and even properties in booming cities.

Benefits for Landowners: Texas provides various benefits, including wildlife, agricultural, and timber exemptions, reducing property taxes significantly. Federal exemptions for ranch and farm expenses are also available.

Minimal Red Tape:  Unlike some other states, Texas has relatively straightforward regulations for land development. Approvals for building usually come from county or surrounding municipalities, making the process easier for buyers. 

How Fay Realty Team Can Help:

Fay Realty Team can assist individuals in finding their ideal properties in Texas, whether they are looking for a permanent residence, an investment opportunity, or a private ranch getaway. Their expertise can guide potential buyers through the process of purchasing land or ranches, making the experience smother and more efficient. 

In conclusion, the combination of Texas's market stability, potential for growth, and favorable conditions for landowners make it a compelling time to invest in land in the state, with Fay Realty Team standing ready to assist those interested in in seizing this opportunity. 

Sept. 26, 2023

Should I Buy a House Now or Wait ?

Deciding whether to buy a house now or wait until 2024 is a significant decision that depends on various factors, including your financial situation, local market conditions, and personal goals. Here are some key considerations to help you make an informed choice: 

Reasons to Consider Buying Now: 

  • Equity Building: Buying a home allows you to start building equity immediately. Over time, this can be a valuable asset. 

  • Avoid Future Rate Increases: Mortgage rates are currently high, and there's no certainty that they will decrease significantly in the near future. Buying now can lock in a lower rate, potentially saving you money over the life of your loan. 

  • Credit and Down Payment: If you have excellent credit and have saved enough for a down payment, you may be well-positioned to secure a favorable mortgage rate. 

  • Long-Term Investment: Real estate is typically a long-term investment. If you plan to stay in the home for a while, it can be a good time to buy, even with current market conditions. 

Reasons to Consider Waiting: 

  • Market Conditions: If home values in your area are still dropping or have not stabilized, waiting may be wise. Monitor local trends and consult with a local real estate agent for insights. 

  • Increased Inventory: In some areas, an increase in housing inventory can provide more options and potentially better bargaining power for buyers. 

  • Financial Readiness: If your personal finances are not in the best shape, waiting can allow you to improve your credit score, pay down debt, or wait for an expected windfall before making a purchase. 

  • Recession Concerns: The possibility of a recession can introduce uncertainty. Buying during a recession can provide opportunities due to reduced competition, but it also carries financial risks if you're not financially stable. 

Additional Tips: 

  • Local Market Analysis: Real estate markets are highly localized. Analyze your specific area, as market conditions can vary greatly even within the same region. Consult with a knowledgeable local real estate agent for insights into your specific market. 

  • Recession Considerations: Keep an eye on economic indicators and local job markets. If a recession seems likely, assess your job security and financial stability before committing to a home purchase. 

  • Financial Preparation: Review your financial situation in detail. Calculate how much you can comfortably afford for a down payment and monthly mortgage payments. Ensure that homeownership aligns with your long-term financial goals. 

  • Timing: Ultimately, the decision of when to buy a home should align with your personal goals and financial readiness. Consider working with a financial advisor or real estate professional to evaluate your specific circumstances. 

  • Flexibility: Be flexible in your decision-making. Real estate markets can change, so regularly reassess your options based on evolving conditions. 

In conclusion, the decision to buy a house should be based on a thorough assessment of your financial readiness, local market conditions, and personal goals. While waiting for more favorable conditions can be prudent in some cases, it's essential to strike a balance between timing and your long-term homeownership objectives. 

Sept. 18, 2023

2023 Agents' Choice Awards - MVP

Congratulations!
With a corporate background that began in marketing, sales and customer support, Lisa Fay’s passion for real estate began while working for a custom homebuilder.
Today, she leads Fay Realty Team, a top-producing, small team that operates out of a Coldwell Banker office in northern Houston.
As team lead, she brings her personal philosophy to selling real estate. And to Fay, that’s differentiation: doing common things in an uncommon way. The Fay Way.
Understanding that buying a home is one of the most valuable investments a client will make, she works diligently to ensure that every detail is handled expediently and professionally. She believes real estate should be frictionless and empowering.
That begins with marketing, a specialty of Fay Realty Team. They oversee professional photography, high-quality brochures, mobile brochures, direct mail, You Tube and social media exposure so that every property is uniquely positioned to sell.
Fay herself specializes in lakefront properties, equestrian properties and farm and ranch houses, along with luxury homes. She is a Coldwell Banker-certified Global Luxury Specialist, a Luxury Guild Elite Member of the Institute for Luxury Home Marketing and a top-producing agent of the Greater North Houston area.
Aug. 22, 2023

Texas an Attractive Place to Buy

The main factors contributing to the booming housing market in: Texas and why it's considered an attractive place to buy a home. Here's a summary of the key points:

  • Economic Growth and Job Opportunities: Texas has a strong and diversified economy that has been    attracting businesses and job seekers. The availability of job opportunities has led to an influx of people        looking for housing, driving up demand for homes. 
  • Favorable Business Climate: Texas is known for its business-friendly environment, low tax rates,                   and pro-growth policies. This encourages economic development and attracts both individuals and        corporations to the state, further boosting housing demand.
  • Cost of Living: Texas generally offers a lower cost of living compared to many other states.                            This affordability extends to housing costs, making it an appealing option for those looking to buy a home.
  • Diverse Communities: Texas has a wide range of communities that cater to various preferences and       lifestyles, from urban to suburban to rural. This diversity provides options for different types of homebuyers. 
  • Land Availability: The state's vast land area allows for more land availability, which can contribute to lower     land costs and, more affordable housing options.
  • Regulatory Environment: Texas has fewer regulatory barriers compared to some other states,                    which can lead to reduced construction costs and streamlined development processes. This can help keep    housing prices more reasonable. 
  • Competitive Housing Market: The combination of factors like economic growth, affordability, and demand       has created a competitive housing market. While prices have been rising, they still remain relatively more affordable compared to some other high-demand areas.

However, it's important to note that while Texas generally offers more affordable housing options compared to certain regions, the affordability can vary greatly within the state itself. As with any real estate decision, potential homebuyers should thoroughly research and consider their own financial situation, preferences, and the specific location they are interested in before making a decision. Consult with a trusted licensed real estate professional to guide through this process seamlessly!.

Aug. 4, 2023

Homes Prices and Headlines

It's essential to have a clear understanding of home price trends and not be misled by headlines that might exaggerate or misinterpret the data. The real estate market experiences predictable ebbs and flows throughout the year, with spring being the peak home-buying season, and activity gradually tapering off as the cooler months approach. Home prices tend to appreciate the most when there is high demand, such as during the spring and summer months.

As the housing market moves into a typical seasonal rhythm, you might come across headlines using various price terms like "appreciation," deceleration of appreciation," and "depreciation."  It's crucial to interpret these terms correctly.  Appreciation refers to prices increasing, while deceleration of appreciation means prices continue to appreciate but at a slower or more moderate pace. Depreciation, on the hand, means decrease.

During the fall and winter months, it's normal to see a deceleration of appreciation, resulting in slower home price growth. However, this does not mean prices are falling (depreciation). It is merely a part of the seasonal market pattern. 

To avoid confusion or fear sparked by misleading headlines, it's essential to focus on the actual market conditions in your area and connect with reliable sources, such as real estate professionals, to get accurate information about home prices and trends. Understanding the typical seasonality in real estate can help you make informed decisions when buying or selling a home.