1897 Victorian Home with Abundant Outdoor Spaces

Posted: April 26, 2017
________________________

Wonderful three story free standing circa 1897 Victorian home built for Dietrich Oetjen with plenty of outdoor space including a private courtyard, historic balcony, and a very enjoyable roof deck, great for dining al fresco and relaxing in the sun.

Enjoying two front doors, the 501 East York Street side opens directly into the separately metered garden level living space, which is perfect for guests with a bedroom, full bath, and a wet bar that was planned and plumbed for use as a full kitchen. This area makes a convenient work space and is perfect for a professional office rental or a residential rental.

Located in the highly desirable northeast quadrant of Savannah’s famed Historic Landmark District, with Columbia and Greene Squares a few steps away, 503 E York Street also includes a coveted one car garage. Stepping inside, you find a lovely stair leading to the parlor level, which has direct access to both the balcony and the roof deck built over the garage. Gorgeous kitchen with granite countertops and a breakfast nook, a lovely dining room/double parlors on this level of the house, and a full bath as well. Going upstairs, you have two more bedrooms, a lovely hall bath, and a master with an ensuite bath and huge walk-in closet.

Light and airy, this free standing house is a great spot to make your home in Historic Savannah!

See all the images and virtual tour here: www.503EastYork.com

Transformed 1920s Brick-Built Townhouse with Courtyard

Posted: April 10, 2017
_______________

Welcome home to this beautiful brick-built 1920s former Blacksmith shop, now five charming townhouse residences with private courtyards, all in a cozy row — 507 Tattnall has recently undergone a complete transformation!

See all the images, virtual tour and current pricing here: www.507Tattnall.com

Enter the living room and notice the lovely polished old heart of pine flooring that may have been salvaged from an area historic residence, but now looks as though it was always a part of this home. Relax by the cozy fireplace or beneath the refreshing ceiling fan. The fireplace and complimentary built-in shelving serve as a subtle space divider between the living room and dining room areas.

Continue from the dining room to the thoughtfully re-envisioned all new kitchen with abundant modern cabinetry built and installed by local craftsman, Jim Rose. Stainless steel appliances include the GE top-of-the-line “Cafe” gas range and microwave, vented outside, as well as the new Bosch dishwasher. Additional kitchen features include Travertine tile flooring, gorgeous granite countertops, stone tile backsplash, exposed brick features, and a new glass door leading to the private courtyard. Also on the main level are the completely remodeled powder room with marble countertops, the laundry area with built-in shelving and porcelain tile, and a storage area.

Upstairs, you will find all three bedrooms and two new full baths, both entirely made of marble tile and showcasing large frameless walk-in showers. The master suite features a walk-in closet, hardwood floors, lighted ceiling fan, exposed brick, and the private en-suite bath. The second bedroom also features the hardwood floors, and the third bedroom includes a lighted ceiling fan, alcove area perfect for a desk, and hardwood floors.

Serenity is the mood of the private courtyard … the perfect setting for a quiet afternoon of reading or an evening nightcap.

This renovation has truly been a labor of love. Additional upgrades include new porcelain doorknobs throughout the home, all new double hung energy efficient windows in the back, newer historic windows in the front, new HVAC, a new roof, and new Rinnai tankless water heater. You will also appreciate the low energy bills and the ease of a condo lifestyle with NO HOA fees!

Come live the downtown lifestyle in a very “happening” block of Tattnall with three new Million $+ townhomes under construction (one built to suit, the other two are specs), filling in two of the few remaining buildable lots on Tattnall Street. Just a few short blocks to Forsyth Park, you can also easily walk to almost anywhere in the Historic Districts of America’s most sensitively designed urban district: Savannah, Georgia.

For information and pictures sent instantly to your mobile device: Text “31401” to 79564.

See all the images, virtual tour and current pricing here: www.507Tattnall.com

Gorgeous, Free Standing, 1796 Landmark Property

Posted: April 8, 2017
_________________________________________

A feast for the eyes and soul — this house is Savannah! Elegant and historic and desired by all! Continue the long-standing and loving stewardship of this free standing circa 1796 Home. Rare Opportunity!

Own a piece of history — only three previous owners have lived here since the restoration and relocation of this famous Landmark Property, which is beautifully situated on the best residential block of Historic Saint Julian Street at number 507 East.

Wonderful light and grace wait to greet you in this one-of-a-kind eighteenth century home which is freestanding and encompasses four stories plus a roof walk with views of the Savannah skyline and ships passing by on the nearby Savannah River.

On the garden level, the most comfortable and enchanting rooms were envisioned and accomplished. Exposed hand-hewn beams accent the ceiling, handmade antebellum bricks from the White-Redding Plantation give a warm inviting feeling to the walls, floor, and massive fireplace, and a glazed wall with French doors looks into the famous sunken garden created by historic home master craftsman, Jim Williams. A powder room and a wet bar give additional comfort on this level.

With a five bedroom floor plan, three full baths and two powder rooms, 507 East Saint Julian Street can accommodate a number of different lifestyle configurations. On-street parking is abundant and with off street parking just outside the kitchen door, your teenager, in-law, or guest will enjoy the former porte-cochere turned private suite with its own entrance below the kitchen and sunroom. This area would also make a great private office.

Above is a superb addition, which expands the kitchen into the modern open floor plan so desirable for today’s style of living. Light and airy, the space greets you with an expanse of east facing windows and an outdoor porch overlooking the garden below. The kitchen has a modern open feel allowing for today’s casual entertaining style while the more formal rooms in front are perfect for those times when tradition counts. With a front parlor, formal dining room, another wet bar, butler’s pantry, and a cozy breakfast room, your choices for parlor level sitting and relaxing or entertaining are numerous.

Above the parlor floor is one whole level devoted to a master suite with an adjoining room that works well with its current arrangement for exercise equipment, media, and office space but could easily be used as a fifth bedroom, nursery, or occasional guest area.

On the top floor are the most splendid rooms for children or guests with light from dormers built into the gambrel roof and a full bath.

507 East Saint Julian, The Hampton Lillibridge House, is only a few steps to numerous fine restaurants, the venues of the Savannah Film Festival, and the Savannah Music Festival as well as all the other amenities of downtown Savannah. This home is perfect for entertaining and enjoying the walking lifestyle that is only achieved by living in Savannah’s National Historic Landmark District.

For information and pictures sent instantly to your mobile device: Text “194973” to 79564.

See all the images, virtual tour and current pricing here: www.507SaintJulian.com

Where can You Golf in Savannah, Georgia?

Posted: March 21, 2017

golf-in-savannahMany of the golf courses found near Savannah, Georgia provide scenic views and incredible challenges for all different types of golfers. Whether you play a few times a year or every weekend, you can find a course to fit your specific needs.

Both private and public courses are found all throughout the area. You can become a member of an exclusive club or hit the public links for a discounted price. No matter your preference, you’re sure to find great golf throughout Savannah. Here’s a look at some of the top courses within the city.

The Savannah Golf Club

A private, member owned club, The Savannah Golf Club provides one of the most historic choices in the city. It was actually started as a social club in 1794. The golf course is known as one of the most challenging and one of the most beautiful in the entire city.

Golfers enjoy beautiful hundred-year-old oak trees, flowering azaleas, wild roses and so much more. It’s a par 72 measuring nearly 6,500 yards from the back tee station. Found less than a mile from downtown Savannah, many living within the area become members here.

Henderson Golf Club

Breathtaking views, beautiful trees and a challenging course await golfers at Henderson Golf Club. It’s a course requiring plenty of finesse and accuracy. Five sets of tees make it possible for any golfer to enjoy a round here.

The course measures around 6,700 yards form the back tee station. It’s an old southern course with old oak trees, Spanish moss, towering pines and beautiful wetlands.

Wilmington Island Club

A Donald Ross designed golf course, six tennis courts and a swimming pool are all a part of the Wilmington Island Club. The club offers four membership levels and something the entire family can enjoy.

The golf course is found just a few minutes from the Tybee Island beaches and from historic Savannah. It’s a classic Donald Ross design providing one of the finest courses in the area.

The Club at Savannah Harbor

golf-courses-in-savannahRated by Golf Week as the #3 “Courses You Can Play” in Georgia, The Club at Savannah Harbor provides an excellent choice. Incredible views of historic downtown Savannah, a beautiful clubhouse, full service locker rooms and an award-winning golf shop are all a part of the club.

The Club at Savannah Harbor hosted the Champions Tour from 2003 to 2013. The course is an 18-hole championship course designed by Bob Cupp and Sam Sneed. It has bene rated as one of the top ten places to play in the United States multiple times.

Southbridge Golf Club

A highly acclaimed golf course designed by Rees Jones, Southbridge Golf Club provides challenge and beautiful. It’s located just a few minutes from the Savannah Historic District.

The course provides a beautiful walk through the woodlands of southern Georgia. It combines natural beautify with plenty of water and undulating greens guarded by bunkers and grass mounding.

Other good golf courses found in the Savannah, GA area include:

  • Lavida Golf Course
  • Henderson Golf Course
  • Mary Calder Golf Course
  • Crosswinds Golf Club
  • Bacon Park Golf Course

If you love to play golf, these choices provide great options for your golfing needs. There are plenty of great courses found just minutes from the historic area of Savannah, Georgia. Whether you want to join a private club with many other amenities or you prefer to just play a round at a public course, you’ll find what you desire in Savannah.

How to Furnish Your New Savannah Home on a Budget

Posted: March 14, 2017

When it comes to the closing costs and the down payment, your budget may be a bit tight after you buy your new Savannah home. However, you want to furnish your home and make it feel like home and you don’t really want to wait. There are ways to furnish your new home for less.

Maybe you’re moving from another house and already have some items. This could mean just adding a few items to spruce things up and make it more comfortable. Here are some of the ways you can furnish your home without breaking the bank.

Shop Used and Save the Difference

used-furnitureA new piece of furniture could cost $1,000, but the same piece used may only run $300. You can save $700 in this type of situation by shopping used instead of new.

Used doesn’t have to mean dirty, old or nasty. Instead, it can mean unique, beautiful and even artistic. Those with the DIY gene in their blood may be able to buy used and turn it into something incredible after a bit of DIY work.

Even without turning it into a project, you can find some great deals on used furniture. Look for the styles you love and not at the upholstery. It’s possible to re-upholster many pieces of furniture for a lower cost than buying new. Of course, you want to make sure the furniture doesn’t smell like smoke or pets, as the odor will be very difficult to get out.

Hit Garage Sales and Estate Sales

You may think a garage sale is just buying someone else’s junk. However, you may stumble upon some great items at garage sales. With the movement towards mineralization, many garage sales have great pieces of furniture and home decor items for sale.

Estate sales are another great choice. Often, you can score excellent items for pennies on the dollar. Many people put up furniture for sale at estate sales. While the prices will be higher than a garage sale, they are often lower than new furniture and the quality may be better.

Thrift Stores and Consignment Stores

While thrift stores will send you on a bit of a treasure hunt to find the right items, there are some good options you can find here. Consignment stores may be a bit better, but also more expensive. Hit up the thrift stores and check out what they may offer first. You may find the perfect decorations or even a great piece of furniture for a low price.

Consignment stores may actually help you find the perfect item. They often have connections when it comes to furniture and can make a few calls to see if they can find the right piece for you.

Shop Online

free-furnitureWith eBay, Craigslist and many other sites online, you can score great deals on both used and new furniture and other items. Just by shopping online, you may be able to find the right piece of furniture or home decor item.

Craigslist actually offers a free section and there may be some good furniture you can get free of charge. Sometimes, people will give items away because a renter abandoned the items or they simply don’t want to worry about selling it.

Even if you don’t score something for free, the online options may give you exactly what you need. In addition, you can check out garage sale groups on Facebook for more deals.

There are several ways to furnish your new Savannah home without breaking the bank. If things are a bit tight, you can still get some good pieces by using the tips above.

Top Art Attractions in Savannah, GA

Posted: February 23, 2017

savannah-artSavannah is full of art galleries, museums and other art attractions. If you love different forms of art including historic home tours, new and trendy artists and even performance art, Savannah may be the right city for you. Here’s a look at some of the top art attractions you will find throughout the city.

SCAD Museum of Art

A premier art museum with incredible educational programs, the SCAD Museum of Art is certainly one of the best attractions in the city. New exhibits come out just about every quarter and the museum provides a look at many top artists in the area. Students at SCAD are challenged in many different disciplines and they are often pushed to create incredible works of art.

The permanent collection of the museum features African American Art, British Art, American Art, Photography and so much more. The museum provides 20 exhibitions throughout the year and plenty of special events.

Muse Arts Warehouse

A non-profit organization with plenty to offer the Savannah community, Muse Arts Warehouse features works from individual artists throughout the area. The environment has been created to encourage collaboration throughout the community, even with artists and non-artists.

The venue is known for holding excellent musical and theatrical performances. It’s used by many area organizations to show off their work and the acoustics are incredible. The venue features brick walls with an arched wooden ceiling, two dressing rooms, a green room and plenty of wall space for hanging art.

Sulfur Studios

city-marketThis specific building provides 14 artist studios, a gallery space, meeting rooms and a lobby. It’s one of the top area venues for up-and-coming artists and helps to attract talent to the city. Community art events are often held here including, workshops, open studio nights and lectures. The space is known as one of the hubs for the art community in Savannah.

A.T. Hun Art Gallery

A gallery providing a look at local and international artists, A.T. Hun is found in the historic City Market of Savannah. Often, the artists are in the gallery and willing to speak about their work. Plenty of art is for sale at the gallery with a number of very unique choices.

Reynolds Square Fine Art Gallery

Those looking for fine art will find plenty to enjoy at the Reynolds Square Gallery. This gallery provides works of art from plenty of great choices, such as Dicky Stone, Susie Chisholm, Betsy Cain, Mark Uzmann and many more. It’s found at the corner of Abercorn and Congress with hours running from 10:30am to 5pm, Monday through Saturday.

Savannah Art Walk

a-t-hun-art-galleryA popular event held every second Saturday, the Savannah Art Walk provides a look at some of the best art attractions in the city. It’s an opportunity to meet the artists, explore the community and even enjoy a few drinks. Plenty of top galleries participate every month including Artsy Gallery, Gallery 209, KKennedy Designs, Kobo Gallery, Studio One and many more.

Other popular art attractions found throughout Savannah, Georgia include:

  • Samantha Claar Fine Folk
  • Telfair Museum of Art
  • Savannah Theatre
  • Jepson Center For The Arts
  • Luba Lowry
  • Sue Gouse
  • And more!

The art scene in Savannah is vibrant, full of history and offers plenty to enjoy. Whether you prefer museums of art, galleries or even events around the arts, you’ll find plenty to keep you busy throughout Savannah.

Which Trees are Great for Those with Smaller Spaces?

Posted: February 15, 2017

If you recently purchased a home in Savannah or you’re thinking of buying one, you may need to know which trees will fit in smaller spaces. Some homes don’t have a ton of space and cannot support a huge, towering tree. Of course, you may have plenty of room, but prefer a smaller tree for a corner or bare area in your yard.

Choosing the right tree will make a difference. Some trees grow faster than others, while others will top out at a much smaller height than others, as well. Most trees and shrubs are considered evergreen or deciduous, which means they lose their leaves in the fall. Evergreen trees will keep their foliage all year.

Here are some of the best small trees to consider for your Savannah home.

Crape myrtle

crape-myrtleA great tree for regions like Georgia with hot summers, the crape myrtle is a vibrant ping color. It will show flowers in the summer and provides awesome colors in the fall, as well.

Fringe Tree

The white petals not only give this tree its name, but also provide a unique look. It’s known for clusters of lacy flowers and makes a great addition to any yard.

Dwarf Hinoki False Cypress

An evergreen tree with a layered look, this green tree provides scale like leaves when it’s mature.

Japanese Maple

japanese-mapleA bit larger, but still a smaller tree, the Japanese male is very popular. It’s a beautiful choice with purple colored leaves adding a touch of beautiful color to your yard. Many choose the Japanese maple because it’s not as small as a bush, but it won’t get as big as a tall oak tree, either. It falls in the middle and provides a burst of color.

Hop Bush

An evergreen shrub providing a good choice if you want to train it into a tree, the Hop Bush provides a unique green and bronze color. It’s the perfect way to add color to your yard without going overboard.

Saucer Magnolia

You simply cannot go wrong with a Saucer Magnolia. This tree provides incredible pink, purple, white and red flowers. Some will even become a rich yellow color adding plenty of color to your yard.

Kousa Dogwood

A shrub you can keep as a multi-stemmed shrub or train in to a small tree, the Kousa Dogwood provides petal-like leaves perfect for a burst of beauty in the spring season.

Citrus Tree

citrus-treeNot only will you get plenty of delicious fruit from your citrus tree, but you will also get to enjoy fragrant flowers. These trees remain beautiful year-round and provide more than just something to look at.

Vine Maple

Leaves with a red tint to them when brand new, the vine maple will actually change colors with the season. The leaves become green when they mature and will end up as an orange, yellow and scarlet color before falling off the tree in the fall.

Ornamental Crabtree

If you want to add clusters of pink, white and red flowers in the spring, an Ornamental Crabtree is a great choice. This is one of the prettiest trees you can add to your yard when it blooms in the spring.

There are several great small trees you can add to your Savannah homes. Some will add color and fragrance, while others will provide a beautiful green and remain smaller. Whether you want a shrub or tree, you can choose from the list above to make your yard more appealing.

What Belongs in Your New Homeowner’s Tool Kit?

Posted: February 7, 2017

new-homeowner-took-kitAfter buying your home, you need to make sure you can keep it up. There are certain tools that will make keeping everything in great working shape much easier. You don’t need to go out and buy a ton of fancy power tools, but there are some tools you’ll be glad you have around the house.

Even if you’re not a very handy person, having the right tools will make any DIY project easier. From hanging up pictures to tightening a screw on a door handle, you need the right tools. Here’s a look at some of the tools you should add to your new homeowner’s tool kit.

The Basics

screwdriverAt the very least, you should have enough tools to hang pictures and tighten screws. The basic tools you should add to your took kit include:

  • A hammer
  • Phillips head screw driver
  • Flathead or Standard screw driver
  • Pliers
  • Measuring tape
  • Adjustable wrench
  • Utility blade
  • Scissors

If you have these basic tools, you can handle many simple jobs around the house. However, if you plan on taking care of other jobs or you have a knack for fixing things, you’ll need more than just the basics.

Additional Tools to Consider

Along with the basics, you may want to consider many other tools. If you can afford a good cordless drill, you’ll be happy you bought it. Not only will it come in handy when you need a drill, but it will also act as a power screw driver, which is great around the house. You may also want to consider a power sander, if you plan to do many DIY projects around your home.

Some of the other items to add to your new homeowner’s tool kit include:

  • A 6-foot ladder
  • Rolls of Duct Tape
  • Assorted sizes of paint brushes
  • Flashlights with extra batteries
  • A level
  • A stud finder
  • A three-gallon or five-gallon bucket
  • Plumber’s tape
  • 50-foot extension cord
  • A can of WD-40 oil

Along with these tools, you may find you need others as you get into projects. Maybe a power saw or hand saw will come in handy or even a few other power tools.

Finding and Buying Your New Tools

took-kitIf you’re starting from scratch and you only plan on buying the basics, you probably don’t want to spend much. Maybe you’re not very handy, but would like to have the basics around just in case a screw comes loose or you want to hang a few pictures on the wall. The best way to buy a basic took kit is to search on Amazon.com or another online marketplace for an all-in-one kit. You may even end up with a few more tools than you planned, which can be great.

Those seeking to add more than just the basic tools to their new homeowner’s took kit may need to search in other places. If you’re budget is tight, craigslist.org and garage sales can be great for finding good, used power tools. However, you will need to make sure you verify the tool works before purchasing it and watch out for frayed electrical cords. If it’s a cordless tool, use it enough to verify the battery will last quite a while.

Another great place to find bargain items is Habitat for Humanity ReStores. They will also have many of the household items you need, such as screws and nails. In addition, when you buy from the ReStores, you’ll be helping a good cause.

After you buy a new home, it’s a good idea to have some tools on hand. Get at least the basics and over time, you may find that you build your collection.

Savannah, Georgia Named to the List of “Hottest Food Cities”

Posted: February 2, 2017

Zagats recently recognized the food scene in Savannah by naming it to their list of the “26 Hottest Food Cities for 2016” in the United States. This is an honor well deserved with the many amazing restaurants found throughout the city.

It’s not hard to find down-home cooking and Southern cuisine in Savannah. However, it takes more than just one or two cuisines to make Zagat notice. The Savannah culinary scene has exploded over the past few years and it has finally started to gain notice.

Savannah landed in the #12 spot on the list for many reasons. Zagat contacted editors all around the country and asked them to explain why their city had the best year when it came to food. The editors looked for the growth in new restaurants, local and national awards given to area restaurants, media attention and a few other factors. Then, Zagat too the information and asked the top people in the food media before creating their list.

What Zagat Said About Savannah

savannah-foodThe Hostess City is “on the rise again” and Zagat believes the city has shifted into a higher gear when it comes to the food scene. They said the city had reawakened over the past few years and many top restaurants are known as game changers in Savannah.

They mentioned the nationally acclaimed The Grey because of the elegant decor and incredible Southern dishes. This restaurant is actually found in an restored bus terminal and provides plenty tradition of the area throughout the menu.

Another restaurant cited by Zagat was The Florence, which offers fine Italian cuisine. The Florence is known for using southern-grown ingredients and the rustic ambiance. It’s found in an old ice factory building.

Zagat also noticed the movement towards a more modern southern cuisine throughout the city. Some of the restaurants the cited for this type of food included:

  • Cotton & Rye – Known for fusing traditional with modern.
  • The Wyld Dock Bar – Found on the waterfront and providing a menu full of seafood dishes with a Southern twist.
  • Rocks on the River – Serving American comfort food with a Southern influence.

Expansion Also Made a Difference

As one of the key factors for cities making the list, Zagat looks closely at how the food scene expanded. In Savannah, this means looking at three specific restaurants: Hitch, Savannah Taphouse and Vault Kitchen & Market.

Hitch has become a place known for unique choices, such as chicken pancake tacos and PB&J wings. While it’s certainly unique, it also draws a crowd.

savannah-foodiesThe Savannah Taphouse is one of the best new restaurants in the city with an upscale sports bar feel and an incredible menu. The made-from-scratch dishes have won many awards.

Vault Kitchen & Market has become known for the unique bank offerings found throughout the menu, such as Deposit Box Duck Tacos. It’s found in a renovated bank building and provides a chic atmosphere.

Visitors Discovering What Locals Already Know

Those living in Savannah probably won’t be surprised that the city made the list. However, they may feel it should have been higher as locals have known how great the food scene is for many years now. With plenty of excellent restaurants and all types of unique finds throughout the city, visitors now have the chance to discover what the locals already know.

The Full list of 26

Here’s a quick look at the full list of 26 U.S. cities named as the hottest food cities of 2016.

  • 1. Washington D.C.
  • 2. Los Angeles, CA
  • 3. Denver, CO
  • 4. Boston, MA
  • 5. Seattle, WA
  • 6. New Orleans, LA
  • 7. Asheville, NC
  • 8. Philadelphia, PA
  • 9. Charlotte, NC
  • 10. Atlanta, GA
  • 11. Charleston, SC
  • 12. Savannah, GA
  • 13. Detroit, MI
  • 14. Birmingham, AL
  • 15. Indianapolis, IN
  • 16. Nashville, TN
  • 17. Chicago, IL
  • 18. Austin, TX
  • 19. Raleigh, NC
  • 20. San Francisco, CA
  • 21. New York, NY
  • 22. Miami, FL
  • 23. Houston, TX
  • 24. Dallas-Fort Worth, TX
  • 25. Province, RI
  • 26. San Diego, CA

What to Expect with Savannah’s Housing Market in 2017

Posted: January 25, 2017

A New Year is here and it’s time to take a look at what the housing market forecast shows for 2017. Buyers always want to know what to expect when a new year comes. Whether you’re planning to buy or sell in Savannah, this year, it’s important to look at a few key factors first.

While there’s no way to completely predict what the market will do in 2017, there are some things that can help us see what we might be in store for. Here’s a look at the forecast for the housing market this year.

Interest Rates on the Rise

interest-rate-hikesSince we have already seen the federal funds interest rates rise, its likely interest rates for 2017 will experience a couple more hikes. Those with ARM or adjustable rate mortgages will take a hit. Any type of home loan tied to the prime rate will see a hike, but it won’t be noticeable in most cases.

Even with the rate hike in December, interest rates are still historically low. You may want to act quickly if you plan to purchase a home, but don’t let the potential of another rate hike scare you off. This won’t have an impact on some buyers, but those on a tighter budget may need to purchase sooner or they may see higher monthly payments and lower loan amounts.

According to the National Association of Home Builders, if mortgage interest rates go from 4% to 4.25%, about 965,000 potential buyers will no longer be a part of the buying pool across the United States. However, the rate hike can be mitigated by shopping for a lower-priced home, saving a larger down payment or choosing a fixed-rate mortgage with a longer term.

Home Prices Still on the Rise

Experts don’t see home prices rising as much as they did in 2016, but they still expect to see about 3.5% higher home prices by the end of 2017. Some believe smaller homes will see faster rises in home prices, while larger homes will not rise nearly as fast. Competition is expected when it comes to smaller homes, especially those on the lower side of the pricing spectrum.

Lower Inventories Cause the Prices to Rise

buying-a-home-2017The major reason home prices are expected to rise and have risen in the past year is the lower inventory of home. It doesn’t help that new construction has also been lacking across the country. However, the National Association of Home Builders/Wells Fargo Hosting Market Index was at its highest in December since the summer of 2005. This means, there is more confidence in homebuilders to start building more homes, which is good news for home buyers.

What Does it All Mean?

When looking at the key factors for the Savannah housing market for 2017, it can be a bit confusing. With the expectation of a couple of interest rate hikes, prices going up about 3.5% and inventory remaining lower, it’s expected that the market will continue to strengthen. However, it all depends on many other factors, as well.

housing-market-2017A new president in office could have some effect on the market, especially if President-elect Trump creates new jobs as he has promised. There is still quite a bit to consider and plenty of factors that could turn the 2017 housing market one way or another. However, most believe it’s going to remain stable and continue to push forward through at least the first half of the year.

Those with tighter budgets may want to find a home earlier in the year as the potential interest rate hikes will affect these buyers the most. If you don’t find a home before the hike, you may be shopping for a lower-priced home or waiting until you can afford to put more money down.