Blog :: 07-2012

The "Values" Of A Home | Stowe Blog | Smith Macdonald Group

On Real Estate with McKee Macdonald

The "Values" of a Home

When it comes to real estate there is a lot of information to digest, whether you are a buyer or a seller it can be overwhelming.  Determining value is one section of the market where there is extensive information and it isn't always clear.  When we deal with value we look at many different factors to come up with a home's value, the majority of this is based on current market transactions.

There is another factor that helps to make up value, but it can't be gauged by numbers or comparables.  That is the emotional value of what makes your house a home.  How does this translate into useable information for you as a seller and is it something that a buyer will view as valuable to them?

According to the National Association of Realtors, "Homeownership boosts the educational performance of children, induces higher participation in civic and volunteering activity, improves health care outcomes, lowers crime rates and lessens welfare dependency."  These are all aspects of what makes a home important beyond the physical walls and the quantitative value.

Obviously the good times you've had with family and friends, the milestones you've celebrated in your home mean something to you, but does anyone else care about those experiences?  Is there something else beyond personal experiences that creates added value in your home?  What happens to you when you come home, how does it change or enhance who you are.  This is the qualitative degree of importance that isn't always easy to convey.

I've reached out to some homeowners in the area to get their thoughts on what makes their house a home.  Second home owner Don Hollis reflects "Our Stowe Hollow home has beautiful views in all directions, upon arrival, we 'become one with nature' - given the comprehensive mix of wildlife which complements the pond, trees, shrubs, and flowers plus the beautiful work done by Vermont carpenters and masons."  In Don's case the ability to "become one with nature" has significant importance to them and is one aspect of their home that presents added value to not only them, but others who wish to experience the same connection.

Andrew Volansky grew up in Stowe, and is now a full time resident in Morrisville with his wife Jen and two sons, Tucker and Jaxon.  He offers two unique perspectives as not only a local but also as an architect for the Cushman Design Group based in Stowe.  For his personal home Andrew says "One of the more intangible aspects of our home is its location within our neighborhood, we see little to no traffic and the privacy that that affords us is hard to realize until you spend a fair amount of time at our home.  Our young boys have grown up riding their bikes and scooters on the road with little fear or danger of a car passing by, the few that do are usually our neighbors.  We also find that due to the fact that our road is a loop, we get to interact with our neighbors as they walk or bike for exercise."

Andrew also offered up the view point of working with people who are designing and building new homes in the area, often times these people are new to the area and this is their entrance into the community.  According to Andrew "One of the more rewarding aspects of designing custom homes for my clients is the frequent site meetings that occur during construction.  Most of our clients enjoy seeing incremental progress that occurs throughout construction.  The clients often develop lasting relationships with the crews."  He goes on to say, "For the clients, they get to know the people that create their homes and it makes the experience that much more personal to them."

Finally I was able to speak with long time Hyde Park residents Ed Connors and Carolyn Roberts, who have lived and worked in the area for many years.  For them their home and community bring different sets of emotions & value to the surface.  "We built here over 20 years ago and have found that living in Hyde Park is vastly underrated!  We are able to live in a very rural setting with total privacy and magnificent views and still be minutes from an excellent hospital, easily accessible schools and wonderful community of arts and culture."  Additionally they mention, "The close proximity to Stowe, Smuggler's Notch and Jay Peak offer many choices in winter and summer activities."

As our locals have described, there is always added value within a home beyond the number.  Finding ways to convey the emotional value is always a hard task, but it's an important aspect to what makes your house a home.  Using this value along with market realities can create the right mix of quantitative and qualitative values.

To see this article as it was featured in the Stowe Reporter, click here.

 

 

Stowe Farmers' Market | Every Sunday

Stowe Farmers' Market

Stowe, VT Farmers' Market Every Sunday

If you are looking for something to do on a Sunday before you leave town or as a part of your tour on the Stowe Rec path, check out the Stowe Farmers' Market.  It's every Sunday across from the StoweFlake Resort from 10:30 AM to 3:30 PM.  The Stowe Farmers' Market  features wonderful local farms with fresh picked veggies, art exhibits, jewelry and food!  Stop by Black Diamond BBQ and ask for Jason the owner and ski bum teammate of McKee!  It's great family fun and located about half way up the Rec path so it's a good resting point.

They feature local music as well as a variety of other locally produced goods.

Read more here: Stowe Farmers Market

DAVID GRISMAN QUINTET ~ JULY 21, 2012 ~ 8PM « The Spruce Peak Arts Center

For those of you who have been wanting to check out the Spruce Peak Arts Center, but haven't been sold on some of the music, here's a great opportunity to see an amazing artist and check out the Spruce Peak Arts Center.  Located at the base of Stowe Mt. Resort, the Spruce Peak Arts Center is an intimate setting with not a bad seat in the house.  The David Grisman Quintet, offers a blend of folk, bluegrass, jazz and Latin to name a few.  Check out the link below to learn more about Spruce Peak Arts Center and David Grisman Quintet.

DAVID GRISMAN QUINTET ~ JULY 21, 2012 ~ 8PM « The Spruce Peak Arts Center.

Thirty-year mortgage rate drops to another record low - USATODAY.com

Mortgage rates drop, money is cheap, if you are thinking about buying a home, now is the time.  Stowe is affordable again and you can purchase a lot more house with today's rates than you could even 5 months ago.  Don't let this opportunity pass you by, contact us today about your home buying options.

Thirty-year mortgage rate drops to another record low - USATODAY.com.

2012 Stowe Lax Tournament - Boys | Bitter Lacrosse

Stowe once again plays host to the Bitter Lacrosse camp and Tournament.  2011 marked the first year the tournament was held in Stowe and it was a fantastic success.  Hosted on playing fields throughout Stowe, boys and girls from all over the country come to play and relax with their teams and families.  Topnotch Resort added additional playing fields this year to accommodate the tournament.

While 2012 is already sold out, check out the below website for information on this year's tournament and joining up for the 2013 tournament.

2012 Stowe Lax Tournament - Boys | Bitter Lacrosse.

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