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Millennials are Staying Put at Mom and Dad's Place

by Michelle Chenault

~~Remember all of those Millennials living in their parent's basements because they couldn't find a job or afford a place of their own?

Well, they haven't moved out yet.


They also don't seem to be in a hurry to get married, have kids -- or buy a home. And that has pushed the homeownership rate among young adults ages 18 to 34 to a new low of 13.2%, according to an analysis of Census Bureau data by Trulia.

Related: Amazing shipping container homes

And that's not great news for the housing market.

Thanks to a sluggish job market, heavy student loan debts and tight lending standards, Millennials are moving out of their folks' homes at a snail's pace. In 2014, 31.1% of 18- to 34-year-olds lived with their parents, down slightly from 31.2% a year prior.

What paints an even grimmer picture is that those who do manage to leave mom and dad's place aren't moving out to form their own households, said Jed Kelko, Trulia's chief economist. Instead of renting or buying a home, they are bunking with friends, siblings or other relatives.
 


Millennials shy away from marriage  


In fact, the headship rate -- or the percentage of people who own or rent their own homes -- fell to 36.6% in 2014 for this group, down from 36.9% a year earlier.

Related: Best cities for Millennial homebuyers

With fewer young people renting or buying homes, fewer new households are being formed, explained Kolko.

According to Trulia's analysis of the Census data, just 425,000 new households were formed last year, a far cry from the estimated 1.2 million that would have been formed had that headship rate not declined.

"Thus, [the] Census data show that the housing market is still struggling to recover," wrote Kolko. 

GeckoFest

by Michelle Chenault

3129 Beach Boulevard, Gulfport, Florida

This weekend your entire family is invited to come out and indulge in a whimsical Labor Day weekend event at the GeckoFest spectacular. The end of the summer happening is likened to a Mardi Gras affair, with an oddly-paired Renaissance flare. The annual festival brings together people from near and far, and is 100% dedicated to the unofficial mascot and favorite Gulfport reptile, the gecko.

Returning for its 14th consecutive year, GeckoFest will be featuring entertainment for both adults and children alike. The event will include live entertainment, street performances, costume contests, arts and crafts vendors, a walking parade, and much more.  The theme for this year’s GeckoFest experience will be “Roaring Geckos”, evoking the 1920’s era.  So break out your flapper attire and begin practicing your “Charleston” dance moves, as Gulfport’s scenic waterway will be transformed into a venue from the famous “The Great Gatsby”.  Extraordinary entertainers and street performers will have your family amused throughout the course of the day.  Belly dancers, pirates, clowns, mimes, and magicians will all be present, along with a live fire show, drum circle routine, and more.  Food and drink vendors will be in abundance, offering a variety of nourishment and beverage options.

Admission to attend the GeckoFest event is free for your entire family.  So this Labor Day weekend start a new family tradition by attending this unique, “Looney Tune Party gone gecko” burlesque.  Be sure to wear your most outlandish 1920’s attire, and bring any noisemakers that you can get your hands on.  GeckoFest has full intentions of permeating the streets with the sights and sounds indicative of the “roaring” 1920’s. The event is one you will not soon forget, all in honor of the gecko!

Saturday August 30th

10:00AM-10:00PM

For more information regarding the GeckoFest event, please click here.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Photo courtesy of buggi/openclipart.org.

Healing Heroes “Sunday Funday” Military Appreciation Event

by Michelle Chenault

Sunset at Pier 60, Clearwater, Florida

Clearwater Beach is honored to be the venue for the inaugural Healing Heroes “Sunday Funday” Military Appreciation Event, occurring this Sunday.  Promising to provide fun for the whole family, the happening will be celebrating our military forces, in a family-friendly, festival-style manner.

Healing Heroes is a network that was designed to assist the deserving men and women of the Armed Forces in transitioning from military, to civilian life.  And what better way to do so than to hold an extravaganza on their behalf. The “Sunday Funday” Event will be featuring games of all sorts for both children, and adults alike. Throughout the course of the day raffles will be taking place, and there will be a variety of giveaways. The highlight of the event will salute four military families, awarding them with a very special prize pack, including theme park tickets, restaurant gift cards, and more. To nominate and vote for a family, please click here.

In addition to the on-going activities, there will be a special veteran guest speaker in attendance.  And following, Nashville Recording Artist, Jamie Tate, will be taking to the stage.  With a distinct sound, Tate will be singing songs from classical, to more traditional country.  She is happy to be teaming up with Healing Heroes in paying tribute to our military families. 

The Healing Heroes “Sunday Funday” Military Appreciation Event is free for your entire family to attend.  So this Sunday come on out to Sunset at Pier 60 to indulge in a day chalked full of fun, while showing appreciation for all retired, and current members of our Armed Forces!

Sunday August 24th

12:00PM-3:00PM

For more information regarding the Healing Heroes “Sunday Funday” Military Appreciation Event, please click here.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Photo courtesy of Cort Percer/flickr.com.

Property Wars: Condo vs. House

by Michelle Chenault

On our quest to find the perfect home, debating whether to purchase a house or a condo sometimes factors into the debate. Sure, there are lots of factors that make this an easy decision for some—kids, location, money, space—but for others there isn't a black or white answer.

That's because each has its advantages and disadvantages. Let's take a look at some of those now.

Traditional House (Pros and Cons)

Houses are traditionally more appealing to the "do-it-yourself'ers" and those with children because they have the advantage of having total remodel power over every inch of the house, without having to worry about consent from others—homeowners association rules aside. This allows for more flexibility when it comes to children and pet accommodations, as well as more room both inside and out. This also means that your neighbors generally don't live close enough to know what you're having for breakfast just by peering in a window.

But there are also drawbacks to homeownership, mainly in the form of effort. When you own your own home, you're required to perform (or pay for) maintenance on your yard and trees, which means you have to purchase equipment and tools to keep up with things. Then it not only becomes a financial investment, but a time investment as well. Utility bills are also usually higher due to the size of a house.

Condominium (Pros and Cons)

There's a growing sect of people that pushed for more urban living, giving rise to larger and larger cities. The appeal of living in these close quarter areas is the accessibility of stores, restaurants, sports facilities and other amenities. If you're one of the many that struggle to find free time each day, condos can be an attractive choice for their convenience and low-maintenance living. And because you're only responsible for the interior of the condo, association fees cover exterior concerns such as a structural damage and lawn care, leaving you more time to enjoy the area.

Just like owning a traditional home, condos have a few drawbacks. Remember those association fees we talked about earlier? Well, these are extra fees that are in addition to your monthly mortgage payment. Think of them as H.O.A. fees, but for your condo. Oftentimes these may not be a set fee, and can fluctuate depending on needed maintenance. Not to mention that you're continuously surrounded, elbow-to-elbow, with all your neighbors. If you don't particularly like that neighbor that blares music until the early AM, you better hope that your homeowners rules have something that can help you.

It's Easy, Choose More Pros

There are pros and cons to every situation, you just have to determine which cons you can live with, and which pros you most look forward to enjoying. Both housing situations can be perfect depending on your lifestyle. Just remember that when the pros outweigh the cons, the cons will eventually start to dwindle away. Contact me today for a consultation. I will be happy to answer any questions you may have, and/or help you find your dream home.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Image courtesy of Andy/Flickr.com

Rock n Blues Hippiefest

by Michelle Chenault

Ruth Eckerd Hall, Clearwater, Florida

One need not be a hippie in order to indulge in this weekend’s Rock n Blues Hippiefest event.  The happening aims to offer a rare opportunity to see some of the most legendary artists of the rock and blues musical genres on one stage, in a one-night only musical extravaganza.  You are invited to come out and experience the greatest combination of the two musical art forms, featuring the best of the best in the industry.

The Rock n Blues Hippiefest event will be showcasing musical performances by the Johnny Winter Band, the Edgar Winter Band, and Savoy Brown’s, Kim Simmonds.  Special guest appearances will include Vanilla Fudge and Peter Rivera, formerly of the band Rare Earth.  Johnny Winter has been hailed as being one of the most highly-acclaimed guitarists in both blues and rock, while Edgar Winter is known to have been the first musician to utilize the synthesizer, as the main instrument in a rock song.  And Kim Simmonds made a name for himself by founding the blues and rock band, Savoy Brown. They have now been touring the world for over 40 years, entertaining musical enthusiasts of all ages. The history behind these famous musical artists is quite astounding.  And this Saturday you have the chance to treat yourself to a night of unforgettable Rock n Blues, legendary-style!

Tickets to attend the Rock n Blues Hippiefest event range in price from $45.75 to $79.75, dependent on your seating selection.  A dinner package is available for $125.00 and includes premium seating, a pre-show dinner, and a voucher for valet parking.  To view your ticket purchasing options and to buy them online, please click here.

This weekend you don’t want to miss out on the opportunity to be in attendance at what is sure to be the musical spectacular of the summer. The Rock n Blues Hippiefest event will provide you with an extraordinary evening of non-stop entertainment, courtesy of some of the most highly-revered musicians in the world!

Saturday August 16th

7:00PM

For more information regarding the Rock n Blues Hippiefest event, please click here.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

Clearwater Beach Featured Properties
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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Photo courtesy of Rudi/flickr.com.

Remodeling: Cost vs. Value

by Michelle Chenault

There are lots of questions to ask yourself when you're talking about your home and tossing around the idea of remodeling.

That's because whether you're looking to add aesthetically pleasing décor to a room, or looking to sell your home, you're still looking to add value without spending a lot of money. And believe it not, many times the money that it costs you to remodel doesn't add up to the value you'd hoped to have received.

It's important to know what can be done to add value, without wasting money on unnecessary improvements. According to Remodeling magazine's annual Cost vs. Value Report for 2014, by replacing the front door—or sometimes simply painting it—you can add, on average, a 96.6 percent return on the amount you spent on the door and add that value to your home. That's great value.

Most people like to remodel rooms that they spend most of their time in, like the kitchen. They're not wrong. Updating kitchens and bathrooms is still one of the most profitable, if not difficult, ventures you can undertake, often adding 82.7 percent of the cost back to the overall value of the home. And while that sounds well and good, the average minor kitchen remodel still averages out to about $19,000. Not exactly pocket change for the average consumer.

Sticking with small renovations and growing as you run out of ideas is always a good rule of thumb. By replacing or fixing things all over the house - guttering, energy saving windows, heating and cooling elements, and small decks - you can add value without having to knock down walls. If you're in the adventurous, “We need a new room” category, you can easily convert an attic or other usable space into a bedroom or powder room and have a return of 84.3 percent. That's not to say that adding on a spare bedroom and expanding your house isn't profitable, but there are a lot of factors you should think about before taking that step.

Here are three renovations with great returns on investment:

  • Deck addition (wood): 87.4 percent
  • Garage door replacement: 83.7 percent
  • Minor kitchen remodel: 82.7 percent

Here are three renovations with not so great returns on investment:

  • Home office remodel: 48.9 percent
  • Sunroom addition: 51.7 percent
  • Master suite addition: 67.5 percent

Remember that while these are monetarily based figures, you still can't put a price or return on what a change would mean to you or your family. If you want to add that game room or bed that hangs from the ceiling, do it. Just remember that it's your home, and you should enjoy it as much as possible. Contact me today for a consultation. I will be happy to answer any questions you may have, and/or help you determine the value of your home.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

Clearwater Beach Featured Properties
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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Photo courtesy of www.hbfotografic.com /Flickr.com

Wig Out 5K Fun Run

by Michelle Chenault

South Straub Park, St. Petersburg, Florida

This weekend bring the entire family out to South Straub Park in St. Petersburg to partake in a “hair-raising” event, benefitting the Miles For Hope Foundation.  With an effort to move towards a cure in fighting brain tumors, Miles For Hope is happy to be hosting the Wig Out 5K Fun Run and family festival extravaganza.  With a goal of reaching $100,000 in proceeds, everyone is invited to show up, and “Wig Out Against Brain Tumors”.

The event will feature a 5K Fun Run, beginning at 8:00AM.  150 runners will take off in 15 minute intervals. Yep, this event is sure to have a huge turnout, as people come from near and far to participate in the day-long fun and entertainment.  This is not a race, but more so a casual morning jog, or even walk, amongst friends and neighbors. There will be entertainment for both children and adults alike. Water slides, foam tanks, and a variety of obstacle courses will all be set up along the beautiful St. Pete Beach waterfront.  And be sure to stop by the food and beer garden to grab a bite to eat, accompanied by a cold beverage. Miles for Hope has organized yet another fantastic event, chalked full of fun for your entire family.

Registration costs to participate in the Wig Out 5K Fun Run event vary, dependent on the number of participants, whether you want to join a team, or you simply want to register as an individual.  To view your options and to register online, please click here.

Whether you are an avid runner, or merely want to come out and party, don’t miss out on the opportunity to be in attendance at this weekend’s wild and crazy Wig Out 5K Fun Run event.  Clear your day’s agenda to begin your morning with a leisurely jog, followed by an afternoon of entertainment, dance, food, and drink!

Saturday August 9th

6:30AM On-site registration

8:00AM First wave of runners will begin the fun run

For more information regarding the Wig Out 5K Fun Run event, please click here.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

Clearwater Beach Featured Properties
Clearwater Beach Area Homes for Sale 
Your Homes Value
Email Me 

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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Photo courtesy of Fred Seibert/flickr.com.

Are You Considering the Resale Value of Your Home Before You Buy?

by Michelle Chenault

It’s hard to imagine ever selling the home you just spent so much time and effort acquiring, but for most Americans, another move is inevitable – it’s only a matter of time. Families grow, families shrink and people change jobs. It’s rare these days to stay in the same home for 25 years.

So, even though finding the ideal home for you and your family should be your end goal, it pays to consider the possibility of how other potential buyers will respond to your home in the future.

Tastes may change over the years, but there are several factors that are found in homes with a high resale value consistently. If you hope to sell your home quickly and for a profit in the future, it pays to keep these four factors in mind when investing in a home.

A Prime Location

Absolutely nothing tops location in the real estate industry – why else would people pay thousands of dollars to live in a shoebox apartment in Manhattan? If your home is in a prime location, the odds are it will sell quickly and for a premium. Of course, like many things, a prime location is in the eyes of the beholder, but, typically, you cannot go wrong with good schools, convenience to nearby shopping and services, low crime rate and walkability.

A Great View

A nice view can sell your home when all else fails. People like the idea of stepping out onto their porch or balcony and seeing something beautiful each morning. You probably do too.

Now, depending on whether you are in the city or in a more rural area, your definition of a “great view” may vary. City dwellers like to be up high and overlook the skyline. Those in rural areas like to stare at the beauty of nature. One thing is for sure, the view of a brick wall or a gravel pit rarely meets anyone’s definition of a “great view”.

A Great Layout

Layout is an important factor as well. In fact, you might remember that the number of bedrooms and baths was one of the first things you considered when determining which homes belonged on your “must see in person” list. Beyond just number of beds and baths, the feel and flow of a home can play an important psychological role when selling a home. You want a home that has a floor plan that makes sense, feels larger than it is and incorporates natural light.

A Great Façade

How a home looks from the outside can plays an important role in generating interest among potential buyers. Homes that make a great first impression from the street tend to sell faster and for more money than those that don’t. So, if you plan to resell your home in the future, consider investing in a home with the potential for great curb appeal or one that already has it.

The four factors listed here are very important when investing in a home you intend to resell sometime in the future, but a much easier method is to simply remember what attracted you to the home in the first place. Trust your instincts. If the home attracted you, it will likely attract others in the future. Contact me today for a consultation. I will be happy to answer any questions you may have, and/or help you find the home of your dreams.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

Clearwater Beach Featured Properties
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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Photo courtesy of Simon Cunningham at Flickr.com

Under the Sun Tour

by Michelle Chenault

Ruth Eckerd Hall, Clearwater, Florida

Are you prepared to indulge in a 4 for 1 musical extravaganza, unlike any you have ever attended before?  If so, you do not want to miss out on the opportunity to be in attendance at this weekend’s Under the Sun Tour event. 

Because of the resounding success of the inaugural Under the Sun Tour event in 2013, it is returning to Ruth Eckerd Hall, intending on blowing its predecessor out of the water. And with this Sunday evening’s spectacular lineup of groups, it is more than likely to do just that. Blues Traveler, Sugar Ray, Uncle Kracker, and Smash Mouth will all be taking to the stage. The groups span many musical genres, having sung pop, folk, rhythm & blues, Southern rock, and more. Collectively, they have strung together an astounding amount of top ten hits, and become world-renowned, individually. Uncle Kracker referenced the Under the Sun Tour event as being “the party of the summer”. The four groups have become close friends and are anxiously awaiting to reconvene this weekend.

Tickets to attend the Under the Sun Tour event range in price from $49.50 to $79.50, dependent on your seating selection. And for only $150.00, a pre-show dinner package is available, including premium seating. To view your ticket purchasing options and to buy them online, please click here.

For one night only, four highly-revered groups in the musical industry will be assembled under one roof, just waiting to blow you away with rockin’ entertainment. The Under the Sun Tour event will be “the coolest tour of the summer!” 

Sunday August 3rd

7:00PM

For more information regarding the Under the Sun Tour event, please click here.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

Clearwater Beach Featured Properties
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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Photo courtesy of KAdDigArt/deviantart.com.

The Pros and Cons of Investing in a Vintage Home

by Michelle Chenault

In today’s real estate market, more and more people find themselves drawn to older homes – rather than new construction. For whatever reason people choose to invest in these older homes over new homes (more home for the money, unique properties or prime location) it’s important for potential buyers to know exactly what comes with buying an older home – the good and the bad.

First, let’s look at the pros inherent in buying an older home.

Prime Location

Typically, especially in urban areas, older homes are located right at the heart of the city. This means that these homes are often convenient to the city center with its shops, office buildings and restaurants. For the right person, nothing beats living right in the heart of the city and being able to walk to your favorite restaurant.

Lower Cost of Ownership

Often, buying an older home allows you to stretch your real estate dollar just a little bit further than with new construction. Choosing to buy an older home in an established neighborhood rather than a new home could make the difference between living in a four bedroom with a huge backyard or a 3-bedroom patio home.

Unique Construction

Many modern neighborhoods are planned along the principle of conformity. The houses tend to look the same. For some people, this sameness can be stifling. Older homes are often very distinct from their neighbors – and each owner has put their unique stamp on the home over the years. If you value uniqueness above conformity, an older home could supply you with just what you desire.

Established Neighborhoods

Older homes are in established neighborhoods. Buying a home in an older neighborhood means that you don’t have to deal with the constant construction and the eerie feeling that comes with living in a new neighborhood that is only half complete, and your home will often be surrounded by established trees rather than saplings.

While there are great things about living in an older home, investing in a vintage home comes with some drawbacks.

Buying Other People’s Problems

You are buying a used home, and there is no guarantee that the previous owners properly maintained it. After you move in, you could discover that the plumbing is in severe need of updating, that the electrical is no longer up to code or the roof needs replacing. Even one of these problems could mean spending every dime you saved on the purchase price to make repairs.

Smaller Rooms

Older homes tend to be smaller than modern homes. If you are one who favors walk-in closets, large bathrooms and expansive master suites, moving into an older home that was built when standards were different can be an adjustment.

Built-In Restrictions and Hidden Costs

Many people buy older homes with the plan of renovating them with modern amenities while protecting their vintage character. While this is a great idea, in some cases, the owners of historic homes find that their big plans may require approval by the local historic commission.

In addition, rehab projects can invite the attention of the building inspector. If he discovers health and safety issues with the home, it can mean redoing several aspects of the home in order to bring the home up to current building codes.This can turn something like a modest kitchen remodel into a large financial undertaking.

Investing in an older home can be a great choice for the right person. Just remember what you are getting into when you buy an older home and be ready for the good and the bad. Contact me today for a consultation. I will be happy to answer any questions you may have, and/or help you find your dream home.

Michelle Chenault
Your Local Clearwater Beach, Florida Real Estate Expert

Clearwater Beach Featured Properties
Clearwater Beach Area Homes for Sale 
Your Homes Value
Email Me 

Let's Connect!

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Michelle Chenault is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate.  Visit our website for detailed information on all real estate including Clearwater Beach Condominiums  

Photo courtesy of HDR Photography at Flickr.com.

Displaying blog entries 11-20 of 374

Michelle Chenault  is your ultimate resource for Clearwater, Clearwater Beach, Belleair Bluffs, Island Estates and Tampa Bay real estate. Michelle Chenault helps people with all of their Clearwater, Clearwater Beach, Bell and Tampa Bay real estate needs. Michelle Chenault helps people who are: relocating to Clearwater, relocating to Clearwater Beach or relocating to Tampa Bay . She can help you if you are: buying a home in Clearwater, buying a home in Clearwater Beach or buying a home in Tampa Bay, selling a home in Clearwater, selling a home in Clearwater Beach or selling a home in Tampa Bay, buying a waterfront condo in Clearwater Beach and Tampa Bay or selling a waterfront condo in Clearwater Beach and Tampa Bay. Michelle Chenault is an expert in Clearwater, Clearwater Beach and Tampa Bay foreclosures and Clearwater, Clearwater Beach and Tampa Bay short sales. The MichelleChenault.com website is dedicated to helping you search all Clearwater, Clearwater Beach and Tampa Bay homes for sale and any other types of properties available for sale like Clearwater, Clearwater Beach and Tampa Bay condos, land and luxury real estate in the Clearwater, Clearwater Beach and Tampa Bay area MLS. You may also use this site to find out everything you need to know about living in Clearwater, Clearwater Beach and Tampa Bay, relocating to Clearwater, Clearwater Beach and Tampa Bay, a Clearwater, Clearwater Beach and Tampa Bay real estate search and finding things to do in Clearwater, Clearwater Beach and Tampa Bay.