Change is inevitable. With over 100 combined years in the real estate industry, we have seen changes in real estate practices and lending practices. The industry has demonstrated resilience because after all, we all need a home in which to live.
This week, as you have most likely read, The National Association of Realtors has reached a settlement regarding commission practices. The agreement is subject to legal approvals and much additional negotiation. We are closely monitoring these changes and will keep you updated.
Regardless of developments, our commitment to first quality service to you and our future clients will remain unchanged. Your satisfaction and success remain our top priorities. This is a great time to contact us with any questions.
Thank you for your loyalty.
Sincerely, Krasi & Tiffany Henkel Properties on the Potomac, Inc.
It takes many talented people to help settle your purchase!
When it comes to buying or selling a property, choosing the right settlement agent is crucial. The settlement agent plays a vital role in ensuring that the legal transfer of property ownership goes smoothly. Here are five compelling reasons why you should be very selective when choosing your settlement agent:
1. Expertise and Experience Not all settlement agents are created equal. It’s essential to select a settlement agent who has a proven track record of success and extensive experience in the real estate industry. An experienced agent will have a deep understanding of the complex legal processes involved in property transactions and will be able to navigate any potential obstacles that arise.
2. Attention to Detail The transfer of property ownership involves a significant amount of paperwork and legal documentation. A single mistake or oversight can lead to costly delays or even legal disputes down the line. When choosing a settlement agent, look for someone who is meticulous and thorough in their work. They should have a keen eye for detail and be able to catch any potential errors or discrepancies in the documentation.
3. Communication and Responsiveness Buying or selling a property can be a stressful and emotional process. It’s important to choose a settlement agent who is an effective communicator and is responsive to yours and your agent’s needs and concerns. They should keep everyone informed at every stage of the process and be available to answer any questions. A settlement agent who is difficult to reach or fails to keep everyone updated will add unnecessary stress and anxiety to a challenging process.
4. Reputation and References Before selecting a settlement agent, speak with you real estate agent about their recommendations and experience. We vet all services carefully. Our sources have a solid reputation and positive track record. At Properties on the Potomac, Inc. the settlement agent has a single point of contact for our clients to expedite and streamline the process.
5. Cost and Value While cost should not be the determining factor in choosing a settlement agent, it is still an important consideration. Settlement agents charge a fee for their services, which can vary depending on the complexity of the transaction and the level of service provided. When comparing settlement agents, look for someone who offers a fair and transparent fee structure. Title insurance is an important determinant in selecting the settlement agent. Keep in mind that the cheapest option is usually not the best choice, as they may cut corners or lack the necessary expertise to handle your transaction effectively.
Since 2006, many of our clients have closed their property purchases with Highland Title. Through the years, we have formed a tight team of professionals who look out for our clients’ best interest through careful review, prompt attention to issues that could come up, and professional resolutions so that all parties in the transaction are protected. This week, we celebrated their 25th anniversary!
In selecting a settlement company, as in selecting the agent to represent you, choose to work only with top professionals who will represent your best interests. If you are planning a real estate purchase, contact Properties on the Potomac at 703-624-8333 today! Once we find you the right property, we can help you chose your settlement company.
Area rugs can be customized to fit the shape and size of a roomInset carpet creates a clean lineRugs can add warmth to cold tile floors
When it comes to creating a warm, inviting atmosphere in your home, few decor elements can make as significant an impact as a beautiful rug. Whether you’re looking to add a touch of luxury to your living room, define spaces in an open-concept layout, or simply inject some personality into your bedrooms, the right rug can work wonders. In this blog post, we’ll explore the benefits of incorporating beautiful rugs into your home decor.
1. Define and Anchor Spaces In open-concept living areas, rugs can be used to define separate spaces and create distinct zones for different activities. By placing a rug under your dining table or in your living room seating area, you can visually anchor the space and create a sense of intimacy without the need for physical barriers.
2. Add Warmth and Comfort Hardwood and tile floors can be cold and uninviting, especially during the cooler months. Adding a plush, cozy rug can instantly make a room feel more welcoming and comfortable. Not only do rugs provide a soft surface for your feet, but they also help to insulate the room, making it feel warmer and more inviting.
3. Inject Color and Pattern Rugs offer an excellent opportunity to introduce color, pattern, and texture into your home decor. If you have a neutral color scheme, a boldly patterned rug can add visual interest and become a focal point in the room. Alternatively, if your space already features vibrant colors, a rug in a complementary hue can help to tie the look together.
4. Protect Your Floors In high-traffic areas of your home such as entryways and living rooms, rugs can help to protect your floors from wear and tear. A durable, well-made rug can withstand the daily use and abuse of family life, while also catching dirt and debris before it can be tracked throughout your home.
5. Showcase Your Personal Style Rugs come in an endless array of styles, colors, and materials, making it easy to find one that reflects your personal taste and complements your home’s overall aesthetic. Whether you prefer a traditional Persian rug, a modern geometric design, or a bohemian-inspired kilim, there’s a rug out there that will perfectly express your unique style.
Handmade carpets are very durable and cleanable for use in the kitchenPersian rugs are made of fine wool and/or silk and bring drama and elegance, yet a durable for every day wear
Incorporating beautiful rugs into your home decor is a simple yet effective way to elevate your space and create a warm, inviting atmosphere. From defining spaces and adding comfort to injecting color and showcasing your personal style, the benefits of rugs are numerous. Planning to put your house on the market but are not sure what to do with your rugs? Call Properties on the Potomac at 703-624-8333 and let’s make a plan to include your rugs in your “staging” prep.
Hardwood floors are timeless. Case in point: this room with the same flooring, 57 years apart!
As a small child, I lived in a European city, in an apartment with parquet floors covered by Persian carpets. You can imagine my surprise when I first saw the dirt floors in my great-grandparents’ farmhouse. I thought that it was primitive that a house would have earthen floors, although they were perfectly even and spotless!
Floors always catch my attention. Over my lengthy real estate career, I have witnessed flooring fads appear and become obsolete. One style seems to persist: hardwood floors.
In the 1980s, hardwoods emerged for formal living spaces, with tile in foyers, kitchens, and baths. The late 1990s and 2000s brought a laminate vogue, but laminates sounded hollow and were water-prone. Today, we have luxury vinyl planks (LVP) resembling wood grain minus the hollow feel of the laminates.
Most of my clients seem to prefer hardwood floors. Why? Hardwood floors provide adaptability. They are a neutral canvas that invites rugs, furnishings, and varied décor. Even if refinished every 10-15 years, quality hardwoods can last 50+ years.
In contrast, carpets don’t stand the test of time. After 20 years, I replaced wall-to-wall carpeting in my last bedroom. I found the padding had deteriorated to dust. On the surface, the carpet looked perfect. Padding deterioration is one reason that carpets are blamed for allergens and irritants.
Hardwood floors offer flexibility and diversity. Nicks and scrapes can be repaired and colors can be altered. Planks can be replaced or inserted for remodeling and with proper refinishing, will look untouched. Historic residences display pine or oak floors after centuries. Unlike trends that become outdated, hardwood endures.
A herringbone parquet pattern is always in style
Considered the “little black dress” of flooring, classic hardwood floors are the base elevating your unique style. As evening gowns over proper foundations, your walls, furniture, and accents will draw the gaze — not your “basics.”
In selecting floors for a new build, remember that typically only two to three feet of floors remain visible after furniture and rugs. You can save thousands by making smart selections in favor of a classic floor and guard against the impulse for exotic woods, patterns, or unique plank widths. What about scuffs, heels, and pets? Those show that people live and enjoy there. Patina.
One question often arises: whether finished-in-place or pre-finished floors are preferable. That depends. Today’s pre-finished floors offer extensive protective coating making them very durable with pets and children. The smooth elegance of finished-in-place floors is hard to pass up, but again, only small sections are visible. That is a personal choice with minimal cost difference.
The bottom line: staying with classic hardwood flooring will save money and prevent future refuse (in the form of old, out-of-style carpet.) With a look toward the future, keeping your hardwood floors while modernizing the decor above them will save you thousands.
In the market for a home with classic hardwood flooring? Give Properties on the Potomac a call at 703-624-8333 to help you find your perfect flooring canvas!
Properties on the Potomac has had MANY successful (and happy!) clients
Properties on the Potomac has helped countless clients buy and sell homes. Over the years, we’ve noticed some common traits and habits that the most successful homebuyers and sellers exhibit. If you want to set yourself up for real estate success, here are 6 traits our clients share:
They know their numbers. Successful buyer clients understand their finances. They know their credit scores, debt-to-income ratios, and how much they can comfortably afford. Successful selling clients understand the market and follow our pricing advice.
They are realistic about timing. Our successful clients realize that buying or selling a home takes time. They start the process well in advance of when they need to move.
They know what they want. Successful clients have clear “must haves” and “would like to haves” prioritized for their home search. Our selling clients have clear goals for their sale.
They declutter and clean. For sellers, our most successful clients thoroughly declutter and clean their home before listing. They follow our recommendations for “facelifts” to optimize their returns. This helps showcase the property and helps buyers envision living there.
They trust their agent. Successful clients lean on their agent’s expertise. They understand we’re looking out for their best interests through every step.
They stay calm through challenges. Even if issues arise, successful clients take problems in stride. They stay focused on their goals.
If you cultivate these habits and mindsets, you’ll be well on your way to real estate success. Give Properties on the Potomac a call at 703-624-8333 to help make your real estate dreams a reality. With over 100 years of combined experience in the DC area, we bring our clients nothing but the best!
At Properties on the Potomac, we are deeply immersed in the realms of architecture and design; we constantly seek inspiration from diverse cultural perspectives. Recently, our company embarked on a transformative journey during our board retreat in Cancun, Mexico. Surrounded by the vibrant hues of the Caribbean Sea and the rich tapestry of Mexican architecture, we found ourselves captivated by the interplay of cultural influences on architectural approaches.
Our retreat provided a unique opportunity to delve into the intricate fusion of Mexican and American architectural styles. In Mexico, architecture is not merely about structural aesthetics; it’s a narrative woven with threads of history and tradition. From the awe-inspiring Mayan ruins to the colorful facades of colonial buildings, every edifice tells a story of resilience, innovation, and cultural amalgamation. The juxtaposition of ancient indigenous designs with modernist elements showcases a seamless integration of tradition and innovation, a principle we strive to embody in our real estate endeavors.
Stunning and diverse Mexican architecture
Similarly, in the United States, architecture serves as a testament to the nation’s diversity and vitality. From the iconic skyscrapers of New York City to the sprawling suburban landscapes of California, American architecture mirrors the country’s spirit of ingenuity and ambition. The fusion of architectural styles from different eras and cultures creates a rich tapestry of urban landscapes, reflecting the ever-evolving societal values and aspirations.
Our retreat in Cancun served as a catalyst for introspection, inspiring us to infuse our real estate projects with the essence of cultural diversity and historical resonance. We are committed to crafting spaces that transcend mere functionality, embodying the soul and spirit of the communities they serve.
Join us on this journey of architectural exploration and cultural appreciation. Let us embark together on a quest to create spaces that resonate with the stories of the past and the aspirations of the future. Reach out to us at 703-624-8333today to discover how we can assist in bringing your vision to life, whether it’s finding an existing home or building a new home.
February is often seen as a downtime for gardeners in many parts of the country. While your landscape may still be dormant, there are still important tasks that need to be completed before spring arrives. Here are 5 things every gardener should be doing this month:
1. Prune Trees, Shrubs and Vines
Late winter is the best time to prune many trees, shrubs, and vines. Pruning not only maintains the desired size and shape, but it also removes dead or damaged branches which can invite disease and pests. Focus first on spring-flowering plants like forsythia, lilacs, and flowering quince. Those that bloom later in the season can be pruned a bit later.
February bloomsEarly bloomsBe sure to prune ornamental trees
2. Get a Jump on Weed Control
Weeds will begin germinating as soon as temperatures begin to rise. Get a head start on curtailing them by applying pre-emergent herbicide early in the month. This will help prevent many annual and perennial weeds from taking over flower and vegetable beds once spring growth resumes.
3. Test and Amend Your Garden Soil
Now is the perfect time to get your soil tested through your local extension office or purchase an at-home testing kit. Testing will tell you the pH of your soil, as well as macronutrient levels and recommendations for amendments to correct any deficiencies. Preparing your soil now means your plants will thrive once planted.
4. Sow Cool Weather Crops
Toward the end of February, you can start certain hardy vegetables inside for an early spring harvest. Vegetables like cabbage, broccoli, cauliflower and onions can be started indoors 6-8 weeks before your last expected frost date. Check seed packets for more specifics on starting times.
5. Plan and Prepare for Spring Planting
Finally, use February to make plans for the upcoming growing season. Order seeds, map out your vegetable garden layout, and clean and sharpen tools. Planning ahead will make you ready to hit the ground running once planting season officially begins.
Even though the garden may still be frozen, February is a pivotal month for getting set for spring. Completing winter garden maintenance and preparation now will ensure your yard and garden are primed for vigorous growth in just a couple short months.
Looking for a home with the perfect garden? Properties on the Potomac can help you find your outdoor oasis. Give us a call at 703-624-8333 now!
Ranch-style homes have been a popular choice for decades thanks to their practical single-story layouts and flexible spaces. While some home buyers may overlook older ranch houses in favor of newer construction, these modest homes actually offer great opportunities. With some creativity and wise investments, you can remodel a ranch house on a budget.
The Benefits of Buying an Older Ranch:
Mail level primary bedroom(s)
Mature trees and landscaping
Established neighborhoods
Lower property taxes
Good value per square foot
Flexible floor plans
Hardwood floors or solid mid-century materials
The Blank Canvas:
BEFOREAFTER
The simple shapes of ranch homes make them perfect blank canvases to incorporate modern style. Minor changes can make ranch homes feel fresh and new without blowing the budget. Consider these economical updates:
New paint in contemporary hues
Swap dated lighting for streamlined fixtures
Replace builder-basic kitchens and baths with IKEA systems
Refinish hardwood flooring hidden under outdated carpeting
Knock down walls to create open-concept spaces
Add an addition
Kitchen BeforeKitchen AfterPrimary Bath BeforePrimary Bath AfterEntry BeforeEntry ConstrucitonEntry After
The above photos were a joint project with Anders Hurd – Faber Custom Builders, Inc. The project was incredibly successful and the property sold to the first buyer ho saw it!!
Big Style for Small Budgets
You don’t need expensive materials to give a ranch home an interior facelift. Use these design insider tips:
Shop for unique vintage details
Use bold wallpaper or paint instead of new cabinets
Stain concrete floors for an industrial look
Upgrade windows and patio doors even if you keep other structural elements
The single-level living and unused basement or attics in ranch homes present opportunities for expansion or converting unused areas into rental units for extra income.
Addition to a ranch home provides tall, open spaces with abundant views
Take a fresh look at older ranch houses. With an updated exterior paint color, strategic refreshes indoors, and your own custom vision, you can personalize a home to suit your needs and style for less than you might expect. The charm and practicality of ranch homes continue to win over buyers who see their outstanding potential.
One of my favorite ranch homes in a subdivision that I have sold many ranches and that I love to walk my dog!
Embarking on the journey to homeownership can be a daunting task, especially for those who might need a little extra help to turn their dream into reality. The Greater Capital Area Association of Realtors (GCAAR) curated a list of financing opportunities in the District of Columbia, Maryland, and Virginia. This guide aims to make the American dream possible for potential homebuyers by highlighting various programs designed to provide financial assistance:
Chenoa Fund (National):
– National down payment program offering up to 5% toward down payment and/or closing costs. – Available for both FHA and conventional mortgages. – Funds come in the form of a second mortgage loan, potentially forgivable in some cases. – Accessible through approved lenders. (chenoafund.org)
City of Takoma Park’s Down Payment Assistance Program (Takoma Park, MD):
– “The Home Stretch” program providing $10,000 for down-payment assistance. – For income-eligible, first-time homebuyers. – Requires completion of a homebuyer education course and a certified inspection. – First-come, first-served basis. – Website: takomaparkmd.gov
D.C. Open Doors with Down Payment Assistance (D.C.):
– Offers deferred repayable loans for a down payment and below-market interest rates for first trust mortgages. – Eligible for both first-time and repeat homebuyers. – Down-payment assistance in the form of a deferred 0% non-amortizing loan. – Website: dchfa.org/homeownership/available-programs/dc-open-doors
Employer-Assisted Housing Program (EAHP) (D.C.):
– Offers eligible District government employees a deferred, 0% interest loan and matching funds grant. – No income cap or cash contribution requirement. – Maximum purchase price of $765,600. – Website: dhcd.dc.gov/service/employer-assisted-housing-program-eahp
Federal Housing Administration (FHA) 3.5% Loan (National):
– Good option for individuals with credit issues (minimum eligible credit score is 580). – FHA loan amount tops out at $970,800. – No requirement to be a first-time homebuyer. – Website: hud.gov/buying/loans
Federal Housing Loan Bank Down Payment Assistance (FHLB DPA) (D.C., MD, VA):
– Down-payment assistance grant of up to $10,000 for eligible homebuyers. – Available in the District, Maryland, and Virginia. – Website: fhfa.gov
With an array of financing opportunities at your fingertips, homeownership is within reach. Take advantage of these programs and turn the key to your dream home.
Our team is dedicated to support you every step of the way. Contact Properties on the Potomacat 703-624-8333today and explore these financing opportunities to make your dream home a reality. Our expert team is here to guide you through the process and help you find the perfect financial solution tailored to your needs.
Information is provided from the Greater Capital Area Association of REALTORS®. “Unlocking Your Dream Home: A Comprehensive Guide to Financing Opportunities.” GCAAR Housing Booklet. gcaar.com/docs/default-source/default-document-library/102623-gcaar-housing-booklet–single-pages.pdf, Accessed 01/23/2024. Please note that the information provided is deemed to be up-to-date as of the publication date but cannot be guaranteed. Real estate financing programs may undergo changes, and it is advisable to verify the latest details with relevant authorities or financial institutions.
As opinions have currency in real estate, the cultured credibility offered by a home library can sway buyers and add significant value to a house. Though e-readers and digital books are common, there remains strong appeal to the tangible permanence and character of print books lining built-in shelves.
More than a storage place for novels and non-fiction, the home library represents intellectualism and refined tastes which many affluent buyers seek in a residence. Beyond superficial decor, an elegant library signals the substance of both current and past owners. It communicates that interesting dinner conversations, music, and art have filled those rooms.
Built-in bookcases hold special weight over stand-alone shelving. They demonstrate forethought in the home’s original design and construction and cannot be easily moved or changed on impulse like furniture. As integral house features, custom built-in bookcases can add 10-15% of their initial cost to listing prices. Their fixed nature also means volumes collected over years remain on display.
The permanence, personalization, and intellectual substance embodied in a home library comprises a unique asset. For buyers seeking both image and lifestyle, rooms of books can add eight to fifteen percent in perceived worth…or perhaps prove literally priceless among competing listings.
In showcasing owners’ sophistication, libraries reveal character that cannot be fabricated. Where furniture and paint colors change on trends, libraries accumulate over lifetimes. They bestow cultured credibility more reliable than passing fashions. For buyers sharing such values, a house with a library makes tangible the intellectual and cultural traditions they wish to perpetuate.
If you’re in search of a home with a library, or perhaps a home with the perfect space to build the library of your dreams, we’re here to help! Call Properties on the Potomac at 703-624-8333 today.
Properties on the Potomac, Inc. 