New Construction Modern Farmhouse | 44 Grove Street, Reading

Enjoy the grandeur of what feels like unlimited space in this stunning Reading, New Construction Modern Farmhouse. Step in from the quintessential farmer’s porch into a revealing traditional entry featuring an executive home office and formal dining to the left and right.

The designer kitchen will showcase an extra-long island for those casual nights and a walk-in pantry one can only dream about, with additional work surface area when prepping for those large gatherings with friends and family we are all craving.

A great room with a gas fireplace and cathedral ceilings adjoins the kitchen, with a sliding glass door that creates ease of access to the exterior.

The large spacious mudroom off the 2 car garage makes for quick easy mornings where everyone’s things are organized and ready, and with the kitchen nearby unloading those groceries is a breeze.

The master bedroom is highlighted by a walk-in closet and an ensuite equipped with both a soaking tub and shower. A second bathroom serves three more bedrooms, each with ample closet space.

With an enormous finished basement along with a finished 3rd floor, this 15 room home leaves for nothing more to be desired when looking for that perfect suburban home. 44 Grove Street checks all the boxes.

 

#CoCoInspo | Stay Warm by the Fireplace

While fireplaces add functionality to your home, they also embody comfort and warmth, as the Scandinavian would call #hygge.

These projects bring the heat as showcase pieces for our three recent #DesignsByErica projects. It is important to us that each of our projects embodies a little bit of a different vibe.

Looking to add some “wow” to your home?! Follow us to make sure you never miss a #CoCoInspo post.

REDMOND KITCHEN | DESIGNS BY ERICA

We are still #fangirling over our Redmond kitchen design! Erica outdid herself with this one! 😍 

This kitchen is filled with all the goodness #customfinishes, honed Milano Dolomite #countertops, and #designertouches throughout. 

The creamy ivory cabinetry dotted with the perfect blend of black and gold finishes, accompanied by a 10′ stunning oak island, its the sort of kitchen that could never go out of style. 

REDMOND MASTER BATHROOM | DESIGNS BY ERICA

Simplicity and luxury live cohesively in this #designsbyerica master bathroom in our recently sold Redmond Ave home in Reading. Natural light fills this en-suite space to create a bright environment begging for relaxation. 

The oversized double vanity makes room for large farmer sinks and plenty of counter space for getting ready for the day. The piece is as functional as it is polished providing plenty of storage for all your needs. 

 

The simple black accents effortlessly contrast with the warm tones to complete this modern designer bathroom. 

 

Shop this room…

 

Interested in getting the look? Below are some items used to design and stage this stylish master bathroom.

Kenmore 72″ Double Bathroom Vanity Set

 

Bathroom Faucet

 

Hardware Set

Vanity Mirror

Sconce

Vase

Eucalyptus Stem 

Why Are You Buying A Home?

There are two main reasons a person may buy a home, as an investment and as a shelter.  Having the right mindset of whether the home is an investment decision, or a housing decision can be a HUGE help when submitting your offer in a competitive bid situation as could be the case throughout 2022.

The red-hot real estate market of 2021 is cooling down a bit but is still simmering with most homes entering a multiple offer situation with some still seeing double-digit offers.  With many factors of 2021 still in play in 2022, a home buyer cannot expect a dip in prices where you can jump in a score a “deal”.  The facts are clear:

  • Baby boomers are staying in their houses longer
  • Millennials who are entering the housing market are a relatively large population
  • Although interest rates are higher than a year ago, they are still at historic lows
  • Home construction is still slowed as the shortage of some building materials continues

If it is an investment decision, over-bidding for a property may not be the right move.  If it is a quick flip situation, even over-bidding by a slight amount could tank your ROI after your improvements are made and the home is sold again.

For example, 123 Main Street is on the market for $400,000.  An investor sees the property and thinks if he could buy it for $400,000, put $100,000 of upgrades into it in the next 3 months, he could put it back on the market for $575,000.  The investor would make a profit of $75,000 or 15%.

The investor submits his offer of $400,000 and the home enters a competitive bid situation due to the nice neighborhood it is in.  The investor increases his offer to $450,000 to secure the property.  He upgrades the home the following three months at the projected cost of $100,000 and is able to sell the house for $575,000.  The investor’s profit is now $25,000 or 4%.  Not a very good investment decision.

Let’s change the scenario to a newly married family with a couple of small kids.  They look at this $400,000 house as a great place to raise their family.  It is towards the high price of their budget, but they feel they can put some sweat equity into the property as they plan on staying there for 5+ years.

During the competitive bid situation, this couple stretches their budget and increases their offer to $450,000 so they can secure the home.  Their plan was a good one.  They viewed this as a housing decision.  They loved the home and were in a position to be able to over-bid for it and still feel comfortable with the monthly mortgage payment.

The future is unpredictable, but home prices increase about 4% on average per year.  If this couple stays in this home for 5+ years and puts in the sweat equity like they planned, when the time comes to sell, they will see a very healthy return on their original $450,000 purchase.  Check out this site that tracks medium home sale prices from 1953 to the present. Historical Median Home Prices

If a buyer can change their mindset on purchasing a new home to a housing decision and not an investment decision, they will have a much easier time getting their offer accepted because they know that even if they have to increase their offer on any given home, in the long run, the asset will appreciate, and that good housing decision will eventually turn into a great investment decision.