WE SECURE VACANT PROPERTY
D.A.W.G.S. (Door And Window Guard Systems) manufactures and rents attractive steel panels (Door and Window Guards) used to cover door and window openings on vacant buildings. Our vacant property security solutions eliminate break-ins and many of the other problems associated with vacant property.
Property investors, property managers, housing authorities rehabbers and real estate professionals trust D.A.W.G.S. to keep their vacant properties secure.
If you’re among the millions of HGTV viewers who’ve seen an episode of “Flip or Flop,” you’ve probably thought about the thrill of gutting a house and turning a five- or six-figure profit. But the process isn’t as easy as the professionals on television make it look. Any experienced home flipper would caution you that transforming a fixer-upper into a profitable property is a difficult process.
In other words, don’t get your hands dirty until you’ve learned a thing or two about real estate, construction and how much damage your project could do to your wallet. Breathing new life into a low-cost property won’t necessarily return your full investment and allow you to pocket another $63,500, the average gross flipping profit in Q1 2021. According to RealtyTrac, though, the current homeownership rate is 65.6 percent (down from a high of 69.20 percent in 2004). Current demand for homes is waning after a very strong 2020.
To help you choose the right market to list your masterpiece, WalletHub compared more than 170 U.S. cities across 26 key indicators of market potential, cost and quality of life. The data set ranges from median purchase price to average full home remodeling costs to real-estate agents per capita.
Top 10 Cities to Flip Homes
|Overall Rank||City||Total Score||Market Potential||Renovation & Remodeling Costs||Quality of Life|
|1||Sioux Falls, SD||71.37||125||9||32|
|8||Rapid City, SD||67.00||98||12||92|
Read Full Article [Source: www.wallethub.com
Whether you’re thinking of selling in the next six months or a few years down the road, remodeling with ROI in mind is a smart move. Your home is a huge financial investment, and any money you put toward it should not only increase your enjoyment of the home now but also add value that you’ll recoup when you sell.
According to the Zillow Group Consumer Housing Trends Report 2020, the average seller makes 2.3 renovations or improvements to prepare to sell, and 79% of sellers make at least one home improvement. Only 21% of sellers list their home as-is.
Best ROI home improvements in 2021
If you’re contemplating investing in a major remodeling project, the following 10 home improvement projects provide the best return on investment for homes nationwide, according to Remodeling Magazine’s 2021 Cost vs.Value Report.
1. Garage door replacement
- Cost: $3,907
- Resale: $3,663
- Recoup: 93.8%
2. Manufactured stone veneer
- Cost: $10,386
- Resale: $9,571
- Recoup: 92.1%
3. Minor kitchen remodel
- Cost: $26,214
- Resale: $18,927
- Recoup: 72.2%
4. Deck addition (wood)
- Cost: $16,766
- Resale: $11,038
- Recoup: 65.8%
5. Siding replacement (vinyl)
- Cost: $16,576
- Resale: $11,315
- Recoup: 68.3%
6. Entry door replacement (steel)
- Cost: $2,082
- Resale: $1,353
- Recoup: 65.0%
7. Window replacement (vinyl)
- Cost: $19,385
- Resale: $13,297
- Recoup: 68.6%
8. Siding replacement (fiber-cement)
- Cost: $19,626
- Resale: $13,618
- Recoup: 69.4%
9. Window replacement (wood)
- Cost: $23,219
- Resale: $15,644
- Recoup: 67.4%
10. Deck addition (composite)
- Cost: $22,426
- Resale: $14,169
- Recoup: 63.2%
Read Full Article [Source: www.zillow.com]
Schools, hospitals, mental health campuses, nursing homes and colleges, are typically integrated within residential areas. Surrounded by homes, these facilities are often used as a central hub for community activities, which is a great benefit of being surrounded by neighborhoods.
If the neighborhood demographic changes, facilities consolidate or move, or funding is reduced, these public facilities may be forced to close. When a former community hub becomes a vacant building, it can spell trouble for the surrounding community. These vacant and abandoned properties feed the self-perpetuating cycle of blight.
Vacant buildings, especially those with plywood board-up or broken windows, send a message to the community that the neighborhood is in trouble. The abandoned buildings do more than just create an eyesore and bring down the value of surrounding areas, they become hotspots for squatters and crime. The illicit activities that occur inside an abandoned building pose health and safety risks to individuals who walk past these structures daily. This is especially true when a school property becomes vacant and children frequent the area.
DAWGS Steel Door and Window Guards Solutions to Secure Vacant Property
For decades, plywood was the go-to material to cover doors and windows on vacant properties. The problem with plywood is it is easy for squatters or would be criminals to bypass. DAWGS has been providing steel door and window guards for more than a decade. DAWGS steel alternatives to plywood boarding are both attractive and virtually impenetrable. It not only adds curb appeal to the property, but it protects the vacant buildings and the surrounding neighborhoods from squatters and criminal activities.
DAWGS steel vacant property security solutions are rented, not purchased, which makes them reusable and more cost effective than plywood. This is especially true now that the effects of the pandemic have caused building material prices to soar.
DAWGS continues to be the go to choice for property investors, rehabbers, housing developers, realtors, and housing authorities to protect their vacant property assets.
Housing professionals have long been anticipating the response to the July 31 expiration of the federal moratorium on foreclosures. With August numbers coming in, analysts say there has indeed been a rise in foreclosure activity, but they do not expect a large influx. Borrowers across the nation collectively have record levels of home equity, and the sellers’ market is so hot, thus property owners in peril are more likely to place their houses on the market than accept foreclosure.
RealtyTrac, a subsidiary of ATTOM that specializes in foreclosure and distressed sales data, just released the August 2021 U.S. Foreclosure Market Report, which shows there were a total of 15,838 U.S. properties with foreclosure filings— default notices, scheduled auctions or bank repossessions—that’s one in every 8,677 housing units, up 27% from a month ago and up 60% from a year ago.
So, nothing unanticipated is in the report, say the experts at RealtyTrac.
“As expected, foreclosure activity increased as the government’s foreclosure moratorium expired, but this doesn’t mean we should expect to see a flood of distressed properties coming to market,” said Rick Sharga, RealtyTrac EVP. “We’ll continue to see foreclosure activity increase over the next three months as loans that were in default prior to the moratorium re-enter the foreclosure pipeline, and states begin to catch up on months of foreclosure filings that simply haven’t been processed during the pandemic. But it’s likely that foreclosures will remain below normal levels at least through the end of the year.”
Regionally, Illinois, Nevada, and New Jersey had the highest foreclosure rates.
Starts: Lenders initiated the foreclosure process on 8,348 U.S. properties in August, up 27% from last month and up 49% from a year ago. Sharga says it is important to keep these statistics in perspective by comparing them to pre-moratorium levels.
“While foreclosure starts increased significantly compared to last month and last year, it’s very important to keep these numbers in context,” Sharga noted. “Both last year’s and last month’s foreclosure starts were artificially low due to the government’s moratorium. But in August of 2019, the last year we had ‘normal’ foreclosure activity, there were almost 28,000 foreclosure starts—over three times more than this year.”
States that had the greatest number of foreclosure starts in August were California, Texas, Florida, Illinois, and New York.
Completions: Lenders nationwide repossessed 2,474 properties through completed foreclosures (REOs) in August, up 2% from last month and up 22% from last year.
New York, Michigan, Illinois, Florida, and Texas saw the largest rise in REO properties.
Read Full Article [Source: www.dsnews.com]
In early July 2021, Fannie Mae confirmed something that most real estate professionals already knew: Buyers and sellers are currently on a very different page. Over half of buyers (64%) think it is now a bad time to buy. By contrast, an even higher percentage of sellers (77%) think it is a great time to sell. But are the nation’s sellers and buyers right — is it really a bad time to buy and a great time to sell? And if they are right, what is likely to happen to the real estate market in the final quarter of 2021?
Bad Time To Buy, Good Time To Sell? It’s Not So Simple
On the buyer side, there are many reasons to be wary about buying at this time. In addition to the cost (some economists have suggested that home prices are currently inflated by15% to 20%), inventory is low and competition is fierce. Still, these factors shouldn’t necessarily hold buyers back. It may still be a great time to enter the market for anyone who was already planning to buy and financially ready to do so.
On the seller side, there is no question that the past year has offered many opportunities. Given the shortage of inventory in most regions of the country and the high demand for homes, many rural and suburban homeowners continue to realize phenomenal returns on their properties. In some small towns, prices have soared up to 25%.
Three key factors are fueling the current low inventory and high demand for homes, especially in rural and suburban areas. First, even before the pandemic, many millennial families were already leaving cramped quarters in urban areas for suburban and rural locales. Secondly, remote work, which seems here to stay, is expanding where people can live. Finally, buyers who may have once preferred to invest in a new home are increasingly looking at resale options as supply-chain problems continue to hamper the ability of developers to complete projects.
Read Full Article [Source: www.forbes.com]
ATTOM Data Solutions’ just released Q2 2021 Vacant Property and Zombie Foreclosure Report found that 1.4 million residential properties in the U.S are vacant in Q2 2021, representing 1.4 percent of all homes. The report also found that the number of pre-foreclosure homes or Zombie homes sitting empty in Q2 2021 – 8,078 – is up both quarterly, by 21 percent, and annually, by 5.6 percent.
The latest vacant properties report compiled by ATTOM, analyzed publicly recorded real estate data — including foreclosure status, equity, and owner-occupancy status — matched against monthly updated vacancy data. Vacancy data is available for U.S. residential properties at https://www.attomdata.com/solutions/marketing-lists/.
The report noted that 223,671 properties are in the process of foreclosure in Q2 2021, up 27.5 percent from Q1 2021 but still down 13.3 percent from Q2 2020.
According to ATTOM’s Q2 2021 vacant property and zombie foreclosure analysis, the portion of pre-foreclosure properties that have been abandoned into zombie status dropped slightly, from 3.8 percent in Q1 2021 to 3.6 percent in Q2 2021.
The Q2 2021 analysis also reported that among the nation’s total stock of 99 million residential properties, the portion represented by zombie properties remains minuscule, but has grown slightly. In Q2 2021, one of every 12,256 homes are sitting empty in the foreclosure process, up from one in 14,825 in Q1 2021 and up from one in 12,967 in Q2 2020.
The report noted that New York continues to have the highest number of zombie properties in Q2 2021 (2,052), followed by Ohio (1,033), Florida (1,021), Illinois (897) and Pennsylvania (401).
Read Full Article [Source: www.attomdata.com]
Here’s What Experts Predict
Today’s hot housing market is one of the peculiar outcrops of the pandemic. Housing supply was already low before Covid-19, but it was further hampered as lockdowns took place and people began looking for new homes, driven by a host of reasons—from the desire to leave populated cities to better home offices or just fear of missing out (FOMO).
The Federal Reserve’s steps last year to keep the financial markets liquid and to ensure mortgage rates stayed low have continued. But the low mortgage rates pale in comparison to soaring housing prices in the past year.
Home prices nationwide, including distressed sales, grew by 17.2% in June 2021 compared with June 2020—a record high, according to the latest CoreLogic report. And while there have certainly been hot seller’s markets in the past, none quite compare to the current market where more than 50% of homes for sale have fetched over the asking price.
“We’ve been tracking housing prices for over 20 years, and we’ve never seen anything like this,” says Frank Nothaft, chief economist at CoreLogic.
Historically, the fall ushers in less competition and better deals as children return to school and the holidays overtake schedules. But the pandemic altered that trend last year, and many cities are going through double-digit percentage increases in housing prices.
To get some insight into what prospective buyers and sellers can expect as we enter the midpoint of summer, Forbes Advisor spoke to housing experts across the country to get their forecast on home prices, rates and buyer appetite in the coming months.
Are Home Prices Slowing Down?
While a full-on celebration might be too soon, prospective homebuyers can breathe a little easier, based on predictions from real estate experts. Prices are beginning to decelerate in some areas as more inventory has become available for single-family homes.
According to the National Association of Realtors, unsold homes rose 3.3% to 1.25 million from May to June this year. Although the increase in inventory is not enough to satisfy demand, it might give buyers hope and possibly buying leverage with more options to choose from.
“Mortgage applications have dropped to an 18-month low, and we are seeing some real buyer fatigue in the market,” says Tamar Asken, real estate agent at Avenue 8 in Los Angeles. “Sellers are responding to lower buyer enthusiasm with price reductions.”
In Northern Virginia, home prices were up 10.9% year-over-year (YOY) in June 2021 compared to the same time last year. The more affordable areas of Northern Virginia, like Fairfax City, saw a sharper rise in YOY median home price gains (15.1%) compared to their more expensive nearby areas like Falls Church, which experienced a smaller rise of just 3.2%.
“The market in Northern Virginia has slowed significantly during the past month, with fewer offers and longer days on market,” says Ryan McLaughlin, CEO at the Northern Virginia Association of Realtors (NVAR). “While this would be a normal pattern in a typical year, given the intensity of the spring market, it is surprising. It could well be due to an uptick in travel as pandemic restrictions eased.”
Cape Cod, part of the “Zoom towns” (areas that got popular as more people were able to work from home) housing frenzy that took hold last year, is starting to see a slight reprieve from the hopped-up demand.
Last year, the early pandemic buying spree slashed Cape Cod inventory from approximately 2,300 homes to 230 homes as cities shut down and buyers flocked to the coastal town, says Ken Hager, general manager of Gibson Sotheby’s International Realty on Cape Cod. But Hager says that the market is beginning to normalize.
“Looking ahead, we could see price increases continue on Cape Cod as well as across the country, but at a much slower pace. And prices will likely retreat from panic-buying highs,” Hager says.
However, for some communities, the pandemic gave them a much-needed boost from the lagging price appreciation still leftover from the last housing crisis. Wisconsin, for instance, was slower to recover from the 2008 crash, when foreclosure filings hit a record high of 21.5%.
“In many of our neighborhoods, it took until 2018 to return to those pre-crisis values. Since then, we have seen double-digit appreciation, but it has largely been a reversion to the mean,” says Rick Ruvin, lead partner with the Falk Ruvin Gallagher team at Keller Williams in Milwaukee. “Locally, we are anticipating an evening of the playing field and a return to offers with the typical inspection and financing contingencies.”
Read Full Article [Source: www.forbes.com]
The COVID-19 pandemic has thrown us all a curve ball over the last eighteen plus months. Adults have changed the way they work, and restrictions have impacted the way they socialize. Children have needed to cope with new ways to learn and many have been stuck indoors during the pandemic. The children of Parkside, Michigan have just recently been able to play outdoors with other kids. So, when Zachary Rowe, Executive Director for Friends Of Parkside, approached DAWGS to sponsor the organization’s 5th Annual Parkside Curb-Ball Tournament, DAWGS was happy to help.
Curb ball is a big deal for children who live in Parkside. It’s a game that at first glance, seems simple, but it’s harder than it looks. To win the game, you have to stand on one side of the street and throw a basketball aiming to hit the curb on the opposite side, your opponent’s side of the street. The person who reaches the predetermined number of points wins the game. The 2021 Curb-Ball Tournament was held to kick off the summer for Parkside children aged 6-17. The tournament took place on the evening of Wednesday, June 23, 2021, at the TVP Community Center in Detroit, Michigan.
As a 2021 sponsor for the tournament, DAWGS provided all the t-shirts for participating children and volunteers. The t-shirts added a sense of community to the event. The children were very competitive and excited to play.
Zachary Rowe commented “As always, when it comes to community events, we really rely on sponsors like DAWGS to make events like this possible. Whenever we have asked DAWGS for support or sponsorship, they have been very generous. DAWGS sponsored the FOP Halloween Party in both 2019 and 2020, which was a socially distanced version of the celebration.
About Friends of Parkside
Friends of Parkside (FOP) is a non-profit, community-based organization located on Detroit’s east side, in The Villages of Parkside, a public housing community. The purpose of FOP is to promote solidarity and help build self-esteem for the youth in the complex, by providing educational and employment-related resources.
The former home of blues legend Muddy Waters, a two-flat located at 4339 S. Lake Park Avenue in Chicago, was vacant and in a state of disrepair. Muddy Waters’ great-granddaughter Chandra Cooper owns the property and is leading the effort to . rehab it and turn it into the Muddy Waters Mojo Museum. When Ms. Cooper needed to re-secure and replace the plywood board-up on her great-grandfather’s former residence; she turned to Chicago-based Door and Window Guard Systems (DAWGS) to do the job.
The DAWGS team promptly secured the first floor of the residence with their steel door and window guards. When the DAWGS installation team saw the poor condition of the second floor windows, they offered to remove and replace the plywood with steel window guards at no cost to the nonprofit organization. The DAWGS team, being headquartered in Chicago, was pleased to be able to support such an important initiative to honor Chicago blues legend Muddy Waters.
The MOJO Museum
The nonprofit, Muddy Waters MOJO Museum Inc. was established in November 2019. Its mission is to preserve the Muddy Waters legacy, his house, and story through educational experiences, music inspiration and community services.
“We want to really involve the community,” Chandra Cooper, great-granddaughter of Muddy Waters said. “What that looks like is making sure we’re able to bring in children and youth in there to understand what blues is and give blues education. In addition to that, we want to work with blues musicians and give them educational resources as well. One of the things I feel strongly about is empowering women in the blues space as well.”
On May 28, 2021, in a press release from the Chicago Department of Planning and Development, Mayor Lori Lightfoot announced that legendary blues musician Muddy Waters’ (birth name McKinley Morganfield) first Chicago home “is poised to become an official City of Chicago landmark.” “This uniquely significant structure was an epicenter of Chicago’s contributions to modern blues,” Mayor Lori Lightfoot said in a statement. The home served “as Muddy Waters’ home for nearly two decades, providing temporary lodging and rehearsal space for countless household names that defined the art form.” On June 3, 2021, the City of Chicago granted preliminary landmark designation of this house because of its significant historical contributions.
Learn More about the MOJO Museum: https://www.mojomuseum.com/
One thing that 2020 taught us is to be prepared for the unexpected and face its challenges with composure and calm. We look back at the DIY adjustments we had to make in our homes as they were transformed into schools, offices, gyms, and getaway areas – and how we got creative in redesigning and furnishing these spaces. These adjustments will certainly influence changes and carry over into the new year.
With this year winding down and images of new homes, renovations, and additions at top of mind, here are a few design trends that experts predict will be hot in American homes in 2021. From both home exterior and interior design trends to home decor, let’s look at the dominant styles and features that 2021 will bring into the picture.
1. Islands in the Stream
It’s not surprising that every year, the kitchen has a presence in home design trends. Whether its bold backsplashes, floating shelving that replaces cabinetry, countertops, or walk-in pantries, kitchen elements seem to always get the attention of designers.
In 2021, the focus in the kitchen and a definite “must-have” is double-island design. Just think of all the additional counter space at your disposal with a pair of kitchen islands. You can designate one for meal preparation and serving and the other one solely for dining and gathering/socializing. In addition to all the functional space, double islands also improve traffic flow as the chefs, family members, and guests walk to, from, and around the space.
Another thing to keep in mind – you don’t need a large kitchen to accommodate double islands. It’s just important to have properly sized and designed islands to fit into your kitchen space.
This fabulous and spacious kitchen in a sprawling one-story Ranch style home comes with two huge islands – perfect for meal prep and dining. The home features 3,623 square feet of living space, two bedrooms, two full bathrooms, a half bath, walk-in pantry adjacent to the mudroom, a dining area with coffered ceiling, and a family room.
2. High on High Ceilings
While nine-foot high ceilings are now the industry standard for new construction, some homeowners who long for the grandeur of really high ceilings are including 10- to 12-foot high structures on their “must-have” features. Reminiscent of the ceilings in homes built between 1890 and 1940, modern high ceilings are appealing and enhance the spaciousness and elegance of a home.
From vaulted to beamed, barrel, tray, and coffered, there are many high-ceiling variations that you’ll see in homes. These are a few of the more popular ones.
- Conventional – The norm in most homes, this ceiling is usually nine feet high and is a flat, seamless surface.
- Vaulted – Usually associated with churches and basilicas, a vaulted ceiling is any ceiling constructed with a self-supporting arch, with many variations to achieve different looks. Most commonly found in Great Rooms, open kitchen-dining rooms, and sometimes bedrooms and bathrooms, vaulted ceilings have been transformed over centuries and seen in traditional and contemporary homes. Among vaulted ceiling styles are barrel vault, groin vault and dome vault.
- Barrel-Vaulted – This simple and popular style resembles a barrel cut in half and dates back to Babylon and Sumerian architects who used clay mortar and fired brick. It is also known as a tunnel vault or wagon vault. You can incorporate barrel vaults in foyers, hallways, kitchens, bedrooms, master baths, and Great Rooms.
- Tray Ceiling – Described as a raised portion of a ceiling that creates a second, higher ceiling, this type of vaulted ceiling is also known as an inverted or recessed ceiling. It features a center section that is several inches (or a foot or more) higher than the rest of the ceiling. It presents a lot of design options to make the ceiling into a focal point – like the use of colors painted on the trim, installing hidden tube lighting along the perimeter of the tray, or hanging a chandelier, pendant light, or ceiling fan.
Top: This luxurious master suite in an amazing one-story Rustic style home with 3,469 square feet of living space features a tray ceiling with recessed lights and painted trim The lovely home has an open-floor-plan Great room with amazing kitchen and large family room and dining area, two bedroom suites, a half bath, grand foyer, and two 2-car garages, one on each side of the house. Bottom: This bright bedroom also has a tray ceiling but with more elaborate trimwork than the room shown at top.
3. Keep ‘Em Separated!
“Free-standing tubs are on trend now,” according to Debra Purvis of Design House Inc. And house designer Herb Shearer says that “more and more people are taking the tub (especially jacuzzi tubs) out and enlarging the showers as well as going with a Roman walk-in type shower.”
- Rethink the Bathroom – Over the last 10 years, the popularity of the half bath and Jack and Jill bathroom has been on the rise. As Shearer explains, a bathroom was generally built for the use of bedroom occupants – and placed around a hallway so that guests could also get access to it easily. But modern times and designs have changed this format and concept.
Today, the powder room or half bath is more centrally located in the home – away from bedrooms – and is used mostly by guests.
The hall bathroom has been modified to a Jack and Jill to serve only the bedrooms and their occupants. Simply put, this is a full bathroom – with two sinks, a toilet, bath/shower – shared between two bedrooms, with doors entering from each room. (Remember the Brady Bunch?) For the privacy of occupants, there should be locks on the bathroom and bedroom doors.
This attractively painted and furnished powder room in a four-bedroom Country-Farmhouse style home is conveniently located near the locker area and staircase leading to a bonus room above the garage. The 2,686-square-foot-home has 10- and 11-foot-high ceilings, covered front and rear porches, a spacious kitchen, and two full baths.
4. Multi-Functional Spaces
“Stay-at-home” has definitely changed the look of our homes. They are now – not only our dwelling places – but also schools, offices, gyms, recreation areas, and “staycation” destinations.
One of the newest home trends – and challenges – in 2021 is creating versatile and convenient multi-functional spaces in the home that accommodate all these needs – without adding costs or altering floor plans. With more people working from home (WFH), quiet spaces that allow privacy will be included in the interior design of homes to serve as home offices, Skype, and Zoom rooms.
For example, if the home has both an eat-in kitchen and a separate dining room (that’s used only on big holidays), store the dining table elsewhere and repurpose that room into office or schoolwork space. If the master suite has a small space used as a sitting room, you can convert that into a home office. Be creative with the available space in your home.
This cozy bonus sitting room in a stunning 1.5-story Country Craftsman style home can also serve as both a home office/workstation and videoconference room. The 2,499 square-foot, home includes three bedrooms, 3.5 baths, and a covered porch, patio, grilling terrace, and optional mother-in-law apartment.
5. Staying Active – And Healthy
While exercise rooms at home have been around for years, they take on a new importance in 2021 because of the pandemic. Most health clubs and gyms across the country are closing or at reduced capacity, and with stay-at-home directives, people are just not motivated to get out of the confines of their space to exercise.
So dedicated spaces for home gyms and play areas will be particularly important in 2021. Families need getaway time and space to “play” and unwind. Any outdoor space or indoor corner with a wall can serve as exercise space.
Top: A fabulous playroom in an amazing two-story, 6,563-square-foot European style home has all the makings of a multi-functional space. With a little muscle and imagination, the ping pong and foosball tables can be moved around to fashion an exercise section; and movable room dividers can create a separate zone. Bottom: if there’s not space dedicated to a gym, you can take over a spare bedroom as this homeowner did.
See Home Design Trends 6-11 | Read Full Article [www.theplancollection.com]