Greater Palm Springs Area Real Estate Newsletter

Greater Palm Springs Area Real Estate News - April 2024

Brought to you by Duman Realty Group

Affordable Renovation Trends in 2024

Affordability is a home trend that never goes out of style, and 2024 is no exception. From eco-friendly improvements to smart home technology, here are some of the top renovation trends that homeowners are embracing.

Happy Helper

Eco-Friendly Upgrades
Sustainability is a major theme in 2024 renovations. Homeowners are increasingly opting for energy-efficient windows, appliances, and LED lighting. These features not only reduce utility bills but also appeal to the eco-conscious market.

Tip: Look for ENERGY STAR-rated products for maximum efficiency and potential rebates. For lighting, LED options come in various colors and intensities to suit different room aesthetics.

Smart Home Features
Smart home technology continues to be a dominant trend. Integrations like advanced security systems and smart thermostats offer convenience and efficiency. Smart outlets, which are a relatively low-cost upgrade ($10-$40 per outlet), can yield an impressive ROI of 468%. These features are not only about modernizing a home but also about adding a level of functionality that's increasingly sought after in the real estate market.

Outdoor Living Spaces
More homeowners are spending their renovation budget outside by creating functional outdoor spaces. Upgraded patios, outdoor living rooms, outdoor kitchens, and serene garden spaces are popular choices. These spaces extend the living area and are ideal for relaxation and entertainment.

Tip: Consider DIY patio projects or affordable outdoor furniture sets to enhance your outdoor space without overspending.

Multi-Functional Spaces
The demand for versatile living spaces remains relevant, with homeowners transforming basements and extra rooms into home offices or gyms. These conversions not only make the home more functional for the current owner but also add to its selling appeal. Converting a basement into a living area can have an estimated ROI of 86%.

Tip: Use flexible and foldable furniture to easily switch the function of your spaces as needed.

Cosmetic Kitchen Updates
A full kitchen remodel can be costly, but minor updates like repainting cabinets or upgrading hardware can refresh the space significantly. These smaller changes are budget-friendly and can have a substantial impact on the look and feel of one of the most important rooms in a house.

Tip: Pair these cosmetic changes with new lighting or a stylish backsplash for a complete transformation.

Bathroom Refresh
Modern, spa-like bathrooms are in demand. Simple upgrades such as installing rain shower heads or adding a double-sink vanity can transform an ordinary bathroom into a luxurious retreat. You can also incorporate water-efficient fixtures and use calming, soothing colors to create a spa-like atmosphere on a budget.

The 2024 home renovation trends reflect a strong preference for sustainability, functionality, and modernity. Affordable yet impactful, these upgrades are a smart investment for homeowners looking to enhance both their quality of life and their property's market value.

What to Expect: First Year in a New Home

The first year in a new home is an exciting, transformative experience. It's a blend of practical adjustments, home improvements, and settling into a new community. Here's what you might expect in each phase of your first year.

Moving in

First Things First: Set Up Your Home
Before you even start unpacking, there are some crucial steps to take to ensure your new home is safe and functional:

Secure Your Home: Change the locks on all exterior doors for security. You never know who might have a copy of the keys from the previous owner.
Set Up Utilities: Ensure that essential services like water, gas, electricity, and internet are set up and functioning.
Safety Check: Install or check smoke detectors and carbon monoxide detectors. Ensure they are working properly and have fresh batteries.
Find Essentials: Locate the main water shut-off valve, circuit breaker, and any other critical home systems. Knowing where these are and how they work is crucial in case of an emergency.
Deep Clean: Consider a thorough cleaning of the entire house. This is easiest to do when the house is empty, ensuring you're starting fresh in your new space.
Home Warranty: Consider purchasing a home warranty for peace of mind, covering appliances and systems that may break down.

Months 1-3: Settling In
In the first few months, it’s all about unpacking and arranging key areas like the bedroom, kitchen, and bathroom. This is also a great time to start exploring your neighborhood, finding local amenities, and meeting neighbors. This period can be an emotional rollercoaster, so it's important to allow yourself time to adjust to this new chapter.

Months 4-6: Establishing Routines
By now, you're likely establishing daily routines and making further personal touches in your home. Consider starting smaller home improvement projects or a garden. This is also when you might start purchasing major items for your home like furniture, appliances, and home furnishings.

Tip: Start a regular home maintenance schedule to keep your property in good condition.

Months 7-9: Deepening Roots
By now, your focus may shift to larger projects that make the space truly yours, such as painting or planning significant renovations. This is also a time to invest in items that bring comfort and functionality to your home. Homeowners often buy window coverings, furniture, and lawn care or gardening supplies during these months.

Tip: On average, new home buyers spend around $12,000 on alterations and repairs in the first year, so it's wise to budget carefully and prioritize essential projects with a good ROI.

Months 10-12: Reflection and Planning
As you approach the end of your first year, you might review the changes you've made and start planning for future renovations or improvements. Consider the investments you've made in your home and how they've enhanced your living experience – what's comes next?

Tip: Review your home-related expenses over the year and adjust your budget as necessary.

Your first year in a new home can be a whirlwind of adapting to a new environment, personalizing your space, and embedding yourself in a new community. Embrace each moment of this journey. Here’s to the many memories you’ll create in your new home!

QUESTIONS? VISIT DesertLuxuryPro.com

Duman Realty Group MBA|SRES
Realtor® SRES®
HomeSmart®
760-898-2617

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If you have a brokerage relationship with another agency, this is not intended as a solicitation. All information deemed reliable but not guaranteed. CALDRE#02079953

Benjamin Duman

Certified Luxury Home Marketing Specialist

Primary phone
(760) 372-0937
License Number
#02079953
Email
[email protected]
Address
73301 Fred Waring Dr.,
Palm Desert, CA 92260

About The Author

Benjamin Duman is a seasoned real estate agent known for his attentive and personable approach to client relationships. Residing year-round in La Quinta, Benjamin is a passionate advocate for the resort-style living the area offers, with its incredible views and close proximity to world-class golf, hiking and restaurants. His love for the community is rooted in its family-friendly atmosphere and abundant outdoor activities, making it an ideal place for both raising a family and enjoying life's luxuries.

Benjamin's journey into real estate began managing and restoring his family-owned properties, which provided him with a robust foundation in the industry. Part of his ideals of being a Realtor is the ability to help clients achieve their goals while guiding them with honesty, reliability, and efficiency. Known for being proactive and supportive, he is often described by clients as trustworthy and experienced, traits which make him a reliable partner in navigating the real estate market.

Benjamin has a Master's in Business Administration with a focus on Business Development, a Bachelor's of Science in Biology, and an OA in Digital Marketing, degrees which not only help him excel in his Real Estate career but also emphasize how important continuing education is to his growing business model. His achievements range from working on an animation project with Marvel Comics, to leading the on-site Real Estate office acquisition for Ironwood Country Club in South Palm Desert; demonstrating his desire to strive through complexity and pressure.

Outside of his professional life, Benjamin is engaged in home restoration & improvement projects, playing golf, and photography, all of which enhance his understanding of property aesthetics and functionality. These hobbies not only allow him to connect with his clients on a more personal level but also bring a unique perspective to his work. Whether you are buying your first home or seeking a luxurious retreat, Benjamin Duman is dedicated to making your real estate experience not only efficient but also enjoyable.

It's not the same everywhere, so you need someone you can trust for up-to-date information.

Here are some of the things we can do for you:

Find Your Next Home

You need someone who knows this area inside and out! Ben and his wife Mo analyzed all of the cities of Coachella before relocating to the area themselves.

Ben and his team will work with you to find the right home at the right price for you, including all the neighborhood amenities that matter - not to mention the essential criteria you have for your ideal home.

With their experience and connections throughout the Desert, The Duman Realty Group will find what you need, no matter the time frame.

List and Sell Your Property

When it's time to move, you need someone who will advertise your home, show it to prospective buyers, negotiate the purchase contract, arrange financing, oversee the inspections, handle all necessary paperwork, and supervise the closing.

With over 20 years of residential and investment real estate, home restoration, and commercial marketing, Ben can take care of everything for you while ensuring and prioritizing your needs. His team offers photography and video for your home as well as a complete social media marketing campaign that is strategically targeted to buyers interested in your home's market.

Consult on Home Selling Tactics

Oftentimes buyers don't visualize living in your home the way you do. Ben and his team can show you how to make your home attractive to its ideal audience - which can help you get top dollar.

Things like staging the home, making repairs or minor improvements, or even simply painting the walls can be the difference between a home resting on the market and one that's sold fast.

Prior to moving to the Southern California area, Ben managed an Investment Group that restored and flipped older homes. He was hands-on and heavily involved with the renovation of each home.

This experience provides in-depth knowledge on pricing, timing, and a handful of other factors involved with the process of prepping a home for a top-dollar sale.