Perhaps unsurprisingly, it also confirmed that one generation is investing more money than any other in home renovations, considering their plans don’t include moving anytime soon.
With 54% of boomers who own homes having pledged never to sell their property, it makes sense that they’d want to make the investment.
Additionally, the news comes after Charles Schwab revealed that most folks of the booming generation are hanging on to their assets, including real estate, for the long haul.
When asked, almost half of boomers surveyed for the report (45%) confessed they wanted “to enjoy my money for myself while I’m still alive.”
Evidently, enjoying their money includes making home improvements.
Baby boomers spent 16.8% more on projects than millennials, who spent an average of $12,101 last year. Gen X wasn’t that far behind, spending an average of $11,781, and Gen Z, which primarily rents their living spaces, spent $9,592 last year.
Given the state of the market and the struggle to create more inventory, it makes sense that the report added that 67% of homeowners prefer putting the work into renovating their current home to better meet their needs rather than moving (It should be noted that 55% of homeowners surveyed cited high interest rates as the primary reason for staying put, rather than the lack of available homes).
We had five offers to purchase this 1979 custom home, but because it is hard to look at, buyers expect a BIG discount. Here I review a simple plan to bring it into this era. The comp that just closed this week for $2,895,000 is a three-story house – have you ever seen a decent 3-story? Me neither – they are usually two great floors with a converted attic or basement, so the effective square footage would be about the same as this house. But we’re way off the busy street and right on the 4th hole at La Costa! Only $1,995,000.
With the news of terrorists going door to door to inflict their heinous acts, some may be thinking of fortifying their home – and/or adding a safe room.
If you don’t want to build a concrete underground shelter, and just want to modify an existing room, this video shows how this guy created a hidden room in his closet:
It’s one of those things that if you ever needed it, you’d be glad you built it when you did.
Many who own a two-story home wonder if there is a reasonably-priced elevator they can install once their knees start to give out. This is the best value I’ve seen, though I still recommend moving instead!
Remember “avocado green” and “harvest gold”? If you were born before the Reagan administration, chances are your early years provided an overdose. Throughout the 1970s, these ubiquitous hues covered everything from station wagons to shag carpets—which is why by the time the minimalist new millennium rolled around, they’d become design shorthand for suburban, cringy and dated.
So it was with some surprise—and a little bit of horror—that in the last few years, décor-watchers of a certain age started noticing the notorious palette making inroads in interiors again. And if the Instagram scrolls of tastemaker designers like Kelly Wearstler and Muriel Brandolini are any hint, it’s time we primed for shades of olive, amber and saffron.
Aghast? It’s understandable. For decades, stereotypical ’70s tropes—from Naugahyde loungers to plush conversation pits—have been the butt of jokes, not objects of desire. But before you say “no thanks” to another helping of pea-tinted interiors, rest assured that contemporary designers render this throwback palette in ways that feel measured and mature, not outmoded. Think less “That ’70s Show” and more Joni Mitchell in Laurel Canyon.
The tranquilizing properties of these colors may also be just what the doctor ordered. In contrast to brazen “Barbiecore” pink and chilly millennial greige, “earth tones provoke feelings of comfort and calm, something very necessary amid the madness of the outside world,” said Lauren Wager, a color designer in Columbus, Ohio, and author of the Palette Perfect book series. Indeed, according to Montaha Hidefi, a color archaeologist from Ontario, Canada, and vice president of color forecasting at Color Marketing Group, the last time these hues ruled American homes, on the heels of the Vietnam War, political assassinations and the civil-rights movement, their rise was an emotional response to a turbulent decade. Another factor: the inaugural Earth Day on April 22, 1970, which kicked environmental awareness into high gear—and a thirst for earthier interiors along with it.
Others chalk up the rebound to old-fashioned nostalgia. “I think it’s a combo of fetishizing our grandparents’ era and realizing that after 20 years of gray, we’re living in a cold, detached, technological world,” said Los Angeles textile and interior designer Peter Dunham. While he hasn’t fielded requests for a chocolate brown stove just yet, Dunham says in the last two to three years he has seen a big bump in customer response to furnishings featuring these shades.
But whether you find this palette dated or timeless may ultimately be just a matter of mind-set. After all, said New York City designer Ghislaine Viñas, despite its cultural baggage, we’re exposed to it every leaf-peeping season. “Really, these are simply autumnal hues that work beautifully together,” she said.
Don’t let names hang you up, either. Bristle at the thought of “avocado green”? Then try Guacamole, which was Glidden’s 2022 Color of Year, or Basque Green, a dead-ringer from Sherwin Williams.
A few years ago, some friends appeared on a house-hunting reality TV show. They had a blast, but afterward, they revealed something that surprised me:
It was all staged. They’d already purchased a house when they filmed the episode, and that house wasn’t featured on the show at all. The houses they did look at weren’t even for sale.
Like any normal person, I accept that so-called “reality” TV is scripted to a certain extent, but I’d previously assumed there had to be some truth to those real estate shows: that the information they presented was somewhat reliable, and that you might be able to pick up at least some basics about real estate and home renovation from watching them.
The actual reality is: Nope.
Whether it’s a house-hunting show, a home renovation show, or a house-flipping show, the only thing you can rely on is that you’re probably being lied to. Buying or selling a house is more complicated than looking at three homes and having a conversation over a glass of wine, buying a fixer-upper probably isn’t a bargain, and the Property Brothers are not going to spend weeks in your house personally hanging drywall and grouting tiles.
But it’s worse than mere fakery—a lot of the information these shows give out is completely wrong. If you base your life decisions on what you see in real estate shows, you’re going to be very sorry. Here’s why.
Last week, reader TOB talked about a buyer he knew who walked away from a deal over the Rampart fireplace. Here’s a list of other issues that might be deal-killers, but we try to find a way to solve them before giving up!
The old Encina Power station site is designated for tourist uses, and open space. A seven-story hotel like this will undoubtedly be proposed – will it fly in Carlsbad? Rooms here go for $300-$2,100 per night:
Our Carmel Valley listing closed escrow yesterday!
It was the 3br/2.5 ba, 1,804sf home built in 1989 that we completed about $60,000 worth of upgrades in preparing for market (it had been a rental for years). The before-and-after photos were featured here:
The house looked great and it was vacant but this was when I did the blog post about spring break interrupting the market’s momentum. We decided to forge ahead, and I inputted the listing onto the MLS on the Thursday morning before spring break with immediate showings available that day – in hopes of catching any buyers that might be leaving for vacation the next day.
We had six showings on Thursday and Friday, and 100+ people came to open house over the weekend.
In January, I predicted that we would list for $1,750,000, and sell for $1,900,000.
On March 31st, we hit the MLS priced at $1,750,000, and closed for $1,875,000.
We received one offer.
Thankfully, the only offer included a $125,000 premium to incentivize the sellers to take the deal, instead of waiting for two in the bush. But we were already on Day 4 of open-market exposure, so I knew we were at peak market and our chances of selling for over list price would start dropping .
We contemplated whether we should counter-offer on price, or extend the two-week escrow period because we wanted the extra time for the sellers’ 1031 exchange. But given the fact that we only had one offer, the sellers signed it.
We had already completed a home inspection in advance, and thought we had fixed everything. The buyers did their own home inspection – which we always recommend to our buyers as well, and here’s why.
Their inspector noted that the water-meter gauge was running, even with all faucets being off. It’s the sign that a leak had developed, and the hot-water heater was operating the entire time too. The sellers checked their history of utilities and found their costs spiked on March 31st.
We have a ‘slab leak’, and we knew it was the hot side!
Just the thought of a slab leak causes grave concern and panic for most people. But we’ve handled them before, and know that they can be fixed with money like any other home repair.
Donna’s vendors jumped on it, and we closed in 16 days, instead of fourteen.
Nearly 75% want electric appliances? I haven’t met anyone who would give up their gas stove.
There are many ways we can make a difference, like reducing our dependence on gas to power our homes. In fact, at least 48 cities in the country have outlawed natural gas in new home construction. If you’re looking for ways to upgrade your home in the new eco-friendly era, here’s where you can start.
The road to a cleaner, safer, healthier planet begins at your front door. Research shows that homeowners have a critical role to play in the race to a zero-carbon world. There are myriad ways we can make a difference, like reducing our dependence on gas to power our homes and putting more solar panels on rooftops. Here’s how to flip the switch on an all-electric house.
When it comes to cleaning up our energy habits—reducing our use of natural gas and electricity generated at coal-and-gas-powered plants—people in the West are ready to change their ways. Nearly three-quarters of Californians said that they would prefer efficient electric appliances powered by clean energy instead of fossil gas, according to a survey conducted by FM3, the California-based research organization, and released by Earthjustice, a nonprofit environmental law firm. And the state energy commission aims to put standards in place that would require newly constructed homes to be electric-ready. In June, on the hottest day in Oregon’s recorded history, lawmakers passed groundbreaking legislation requiring the state to convert to 100 percent clean, “responsible” energy by 2040. At press time, 48 cities in the country had outlawed natural gas in construction of new homes and commercial buildings, according to the Sierra Club’s tally.
Every piece of the technology puzzle that we need to make this dramatic shift in our power supply and our behavior at home already exists.
Donna and Jim provided exceptional support and professionalism throughout the entire process. We couldn't have been happier with their efforts. They made our house shine, and thanks to their expertise, it sold above the listing price in the very first weekend! Truly a fantastic experience from start to finish.
jesus a sahagun
2024-11-10
Verified
This year has been difficult on our family, mainly due to having to sell our home. Thankfully we knew God had a plan for us and working with the Klinge team was a key part of it. It was an obvious decision to work with them again after such an amazing experience when purchasing the same home we needed to sell. The challenge was, how will we do this in so little time with so much going on? Jim and Donna held our hand every step of the way. Whenever an unexpected issue arose they found and provided a solution. Never once did we feel pressured to make a decision and the Klinges were always reassuring after providing the information that the decision was ours to make. Despite the curve balls, they never panicked and exemplified the “can do” attitude, making us feel optimistic and taken care of. Their expertise and professionalism was superb. But of all the reasons to work with the Klinges, the most impactful and valuable is their compassion and genuine care for their clients. We pray that we can one day purchase our forever home and you better believe that Jim and Donna will be representing us - as long as they will have us of course. Thank you again Klinge team! Your execution, experience, and care are unmatched.
SabihaPasha
2024-07-22
Verified
Jim and Donna were fantastic! Jim understanding my needs, recommending potential places, pointing out the pros and cons of each property was invaluable. Then when the offer was accepted Donna’s organized guidance through the inspections, paperwork etc made the whole process seem effortless.
So grateful that I had them on my side!
dodyfrancis
2024-07-10
Verified
I appreciate Jim & Donna's great teamwork, sound advice, and guidance that eased the stress of selling our Carlsbad home. Their professional input and assistance throughout the process was very helpful. Highly recommended!
sbisachsen
2024-07-10
Verified
The Good
The Klinge Realty Group operates like a finely tuned machine, with a very personal touch. We contacted them on a Sunday and they were talking to us about our family and our needs on our living room couch the following day. They carefully listened to us and worked with us to identify the best and quickest path to listing within 2 weeks to take advantage of the low inventory conditions in our South Carlsbad neighborhood. They knew our tract specifically and had many previous sales there over the years - they came prepared with a thorough analysis of comparative sales and recommended a pricing strategy that they felt confident would yield offers the first weekend on the market.
The Great
Over the next two weeks Donna coordinated a range of vendors who she knew from experience could get the preparation to list work we needed done on time and with high quality. Our light tune-up involved excellent experiences with their stagers, landscapers, contractors, electricians, and plumbers. Throughout this period Donna's daily communication was clear, concise, and responsive. Any time we had questions Donna picked up the phone or texted immediately - but almost always, she answered our questions before we even knew we had them.
The Outstanding
We had a tricky situation with a shared fence that could have delayed our escrow. Donna used superb mediation skills to negotiate the terms of replacement and was personally on site with the fence contractor to make sure everything went smoothly. The fence looks great and escrow closed on time.
The Truly Exceptional
Our house came on the market on a Wednesday and between then and Monday morning Jim was personally at all three open houses. He was in constant communication explaining potential buyer reaction and strength. As he predicted offers began to come in on Saturday and each one was incrementally higher than the last. At the end we had 5 offers, 4 of which were over list, and the final accepted offer was $100,000 over list. In addition to being over list it included rent back terms that met our needs.
The Recommendation
For all of these reasons we would strongly recommend The Klinge Team to anyone wanting to sell in North County Coastal San Diego. I had been reading Jim's blog for 15 years and knew when the time came to sell that he would be our first call. Jim Klinge is not your standard realtor. He is keenly aware of market conditions and sales strategies. And, works his tail off - though not as hard as Donna . At this point he's gone from realtor to friend and I plan to have him over to grill and chill at our new place to talk real estate, but also just about life and raising kids in San Diego. He's more interested in relationships than his sales numbers - and that's why his sales numbers are so high. We have already recommended the Klinge's to some close friends and another successful sale is on deck right around the corner...
user19164788
2024-06-21
Verified
We recently had the pleasure of working with Jim and Donna from Klinge Realty Group to sell our house, and we couldn't be more satisfied with the experience. From the initial meeting, they listened attentively to our needs and provided invaluable guidance on specific improvements to get our home market ready.
Their responsiveness throughout the entire process was truly impressive. Anytime we had questions or concerns, they were quick to address them, ensuring we felt comfortable and informed every step of the way. What stood out the most was their team and extensive network of tradespeople, which made addressing any necessary repairs or updates seamless and stress-free.
Thanks to their expertise and dedication, our house sold quickly and at a great price. We highly recommend Jim and Donna to anyone looking to buy or sell a home. They are a fantastic team who truly care about their clients and deliver exceptional results.
cali4neal
2024-05-07
Verified
We had a wonderful experience buying our home with Donna and Jim! In particular I was very impressed with their efficiency and support through the purchase process. As we were doing the walk through, Donna started contacting roofers, plumbers, aircon, electricians, etc for all the areas we needed potential repairs - by the time we were done with the walk through appointments were already set up to get estimates for all the major services. When we had to change an appointment, or couldn't make one, Donna was there to arrange things to fit our schedule. Even after we closed on our home, Donna helped set up the repairs we needed before move in day. They truly went above and beyond to deliver exceptional service. I'll be calling them for our next home!
zuser20160809095816651
2024-03-16
Verified
The sale of our home exceeded our expectations - Jim and Donna Klinge are the best!
We’ve followed Jim’s Bubbleinfo blog since the 2006 housing bubble. After he helped us buy in 2017 we stayed in touch and Team Klinge were the obvious choice when it came time to move. They guided us through the preparation of the house, including a kitchen refresh - Donna and Lisa skillfully managed the various contractors for us after we had moved out of state. Donna’s excellent attention to detail and regular communication made the whole process run smoothly from a distance.
Jim’s market knowledge, expert negotiating skills and candid opinions, together with Donna’s responsive communications and problem solving, set them in a league of their own.
Highly recommended!
bourmakin
2024-02-09
Verified
Jim and Donna have exceeded my expectations with sale of my house. It was best experience with house sale. Professional, responsive, superior negotiating skills. I would recommend them with 5 star (I would give them even more than max) rating. Sale of my house was closed for really good price in 10 days. Jim and Donna perfectly handled house preparation for sale. Thanks a lot!!!
user1916779
2023-11-17
Verified
Jim and Donna have exceeded my expectations and made my most recent move back to California go so much more smoothly than I expected. Jim’s Bubbleinfo blog was full of useful information about the current market conditions. His experience helped us make a successful offer for the home we wanted in a desirable neighborhood. After the purchase Donna organized the work we needed done in the house without us having to make an additional trip. We were pretty worried when we started searching for real estate that not being in the area was going to makes things really difficult but Jim and Donna made the process so much easier. I enthusiastically recommend them.
Load more
Verified by Trustindex
Trustindex verified badge is the Universal Symbol of Trust. Only the greatest companies can get the verified badge who has a review score above 4.5, based on customer reviews over the past 12 months. Read more