The Perfect Time To Be a Homebuyer is NOW!

You may have heard people going on and on about how great the real estate market is right now from a buyer perspective, and we have to agree with them! Years ago, new homes were very different from homes today, and with characteristics like higher mortgages and smaller spaces, there is no comparison to the options that are available in 2016. Discover why it is a great time to be a homebuyer below according to a recent article from realtor.com!

The options are unparalleled

New homes today have gotten closer and closer to being “custom” homes with options to fit the needs of any family. At Miller & Smith, we offer many different types of homes including townhomes and single-family homes, each with their own optional features and designs that help tailor your home to the way you live.

New homes have all the bells and whistles

Back in the day, things like HVAC, granite countertops, and hardwood floors were considered luxury add-ons to a new home, which tacked on additional costs. Today, many of these “luxury” features are included in all new Miller & Smith homes! 

Homes are more energy efficient

As society becomes more environmentally and fiscally responsible, we have catered to those concerns when building a home! Our new homes are all equipped with energy efficient appliances and thermostats that are Energy Star rated. Not only are our homes energy efficient, but we also take environmental responsibility very seriously, so you know that materials used to build your new home are very environmentally friendly.

The Internet makes home-buying easy

Even before you decide to come and visit one of our brand new model homes, you can learn so much about the homes, community, options, and more on our website, including photos and videos! On our YouTube channel you can watch tours, interviews, and more, and on our social media pages, you can keep up with the latest happenings from Miller & Smith.

Mortgage rates are still at record lows

According to Realtor.com, mortgage rates are among the lowest they have ever been, with the average hovering around 3.63% for a 30-year fixed mortgage rate. Money that you put into a home today goes a lot farther than it has in the past 40 years, not to mention that new homes today offer far more living space, better features, and modern home designs. 

Take it from realtor.com when they say, “it’s quite possible that there has never been a better time to be a homeowner.” Interested in taking advantage of the home buying market right now? Visit millerandsmith.com to learn more about owning a brand new home in Virginia, Maryland, or Delaware!

Sources: realtor.com

Spotlight On: The Grand Central at Signal Hill

The Grand Central is one of two brand new home designs offered at Signal Hill Station in Manassas, Virginia. This stunning townhome boasts a spacious three-level floor plan with 3-4 bedrooms, 2.5-3.5 baths, a 2-car garage and up to 2,288 square feet of space. The Grand Central is a truly “grand” townhome with a stunning, spacious feel you’re sure to love. Don’t believe us? Let’s take a look inside:

Great Room: The Grand Central’s spacious great room features an open floor plan, with expansive windows that let in plenty of light. The design of the Grand Central’s great room also includes an optional fireplace, and leads to an optional deck, fully screened porch or combination of the two for the ideal indoor-outdoor living space!

Kitchen: The Grand Central’s kitchen includes two walls of distinct cabinetry, state-of-the-art stainless steel appliances and an oversized granite island for even more counter space.

Dining Room / Flex Room: The dining room, which also doubles as a convenient “flex-space”, is able to effortlessly fulfill a number of uses, whether you’re looking to use this space as a dining room, additional living room or study. As you can see, the expansive windows let in plenty of light and truly illuminate this flexible space!

Master Suite: Moving onward to the upper level, the Grand Central’s Master Suite includes an optional tray ceiling. Complete with an expansive walk-in closet and a deluxe master bath with his and her vanities, this is one master suite you’ll never want to leave!

Additional Bedrooms: Last but certainly not least, the upper level of the Grand Central is also home to 2 additional bedrooms, each with plenty of space and a sizable closet. There is also an option to add a 4th bedroom to the lower level of this home to give you even more living space.

For more on this truly stunning townhome, be sure to check out the Grand Central on FacebookHouzz and Pinterest!

Housing Market Trends to Expect in 2016

Now that 2015 has come to a close, what should prospective homebuyers expect in 2016? Read on to discover a few emerging trends we expect to appear over the course of the next year:

Consumer Confidence On The Rise: According to a recent article by RealtorMag.com, homeowners are more upbeat about home values, with an increased HPPI (Home Price Perception Index) in November 2015 over that of the previous year. This increased confidence in home values nearing the close of 2015 will likely translate into a continued increase in consumer confidence in 2016. According to RealtorMag.com, although homeowners are ” traditionally more bullish on prices, the gap between home owner and appraisal estimates is narrowing.” 

New Home Sales Expected To Drive Home Sales: According to Realtor.com, the new home sector is expected to see the largest amount of growth out of any sector of the real estate market in 2016, with an expected 16% year over year increase in new home sales. In fact, according to the NAR, total sales for both new and existing homes in 2016 are expected to reach 6 million for the first time since 2006!

Cost of Renting Will Soar: According to Zillow’s 2016 Forecast, median rent prices will rise to unprecedented levels over the course of the next year after Americans Paid $535 Billion in Rent in 2015. The high amount of rent being paid in 2015 was due to a surge in the number of renter households in the US, along with rising rent prices in general.

Suburban Living Expected To Expand: According to housing experts at Zillow, a continuous lack of affordable homes within many large cities will push young and first-time homebuyers alike into the suburbs. Zillow’s Chief Economist Svenja Gudell commented in a recent blog post: “When they get there, they’ll be looking for amenity-rich suburbs — mini-cities, with walkable cores and an urban feel.”

Millennials Will Make Their Mark: Millennials are expected to enter the real estate market in a big way in 2016. They will make up 30% of the prospective homebuyer market, according to RealtorMag.com. According to Realtor.com‘s 2016 Housing Forecast, Millennials will be “driven by increasing income, millennials will seek out homes that meet the needs of their growing families – putting the most weight on the safety of the neighborhood and the quality of the home. Commute time and a preference for older homes have these buyers looking in city-centers and closer-in suburbs.”

We think you’ll agree that 2016 is going to be a great year to invest in a brand new home. Be sure to check out our stunning selection of new homes available in MarylandVirginia and Delaware, along with our current list of immediate delivery homes for an even speedier move-in date!

Sourceszillow.comrealtormag.comprnewswire.com

2015’s Top Home Features

2015 is officially over and the verdict is in! Each year there are a number of home features that are considered the ‘most important’ to homebuyers. At Miller and Smith, you can bet that you will get the best home features in any new single-family home or townhome in one of our amazing communities. Take a look at the top home features from the past year according to realtor.com:

 

  1. Fireplace– The top home feature sought after by homebuyers is a fireplace. Not only do fireplaces provide warmth in cold winter months, but they also look nice in the home. A fireplace represents a central point where family and friends can gather together and spend quality time together.
  2. Wood Floor– According to realtor.com, hard wood flooring has been a rising trend, and has gained significant ground over the past year. More and more we are seeing wood flooring as a standard in many new homes.
  3. Carpet– It is rare to find a home with no carpeting at all because it is a home staple for comfort and easy maintenance. Many homes today feature both hardwood and carpet flooring.
  4. Granite Countertops– Although granite was once an expensive add-on and a luxury in home kitchens, it is now considered a standard feature in any new home.
  5. Stainless Steel Appliances– The modern look of stainless steel is really what has boosted the popularity of these appliances since the 1990s.
  6. Open Floor Plan– In all new Miller and Smith homes, you will find some variation of an open floor plan. Open floor plans allow for smooth transitions from room to room, the appearance of a larger home, and the perfect space for entertaining.
  7. Walk-in Closet– A large selling point for many homes, walk-in closets come standard in any new Miller and Smith home.

Although any homebuyer can choose features such as flooring, countertops, and appliances, Miller and Smith offers even more personal choices for each home model. Additionally, our immediate delivery homes are equipped with only the best home features for optimal living. Visit any of our model homes today to see how you can experience life inside a brand new Miller and Smith home, because after all — one visit can change everything!

Sources: realtor.com

Ashburn Ranked the Best Small City in Virginia

With many communities throughout the Washington DC metropolitan area, Miller and Smith chooses only the most ideal locations to build our one of a kind homes. In Ashburn, Virginia, you will find two beautiful communities that have so much to offer! Recently, Ashburn was named the 13th Best small city (out of 1,268 small cities in the U.S.) on WalletHub’s list of the 2015’s Best & Worst Small Cities in America.

The analysts at WalletHub used a detailed methodology including 22 different metrics in order to rank the small cities in the U.S. between 25,000 and 100,000 residents. The four main categories of metrics were affordability, economic health, education/health, and quality of life. After these individual scores were determined, each city was given an overall score, where Ashburn, VA ranked number 13 on the list. Additionally impressive findings about Ashburn from the data concluded that the city is #2 in the Economic Health category and the #1 small city in Virginia. According to WalletHub, living in a small city is attractive to due to factors such as “cheaper cost of living” and “tighter communities”. Take a look at both of our Miller and Smith communities that exemplify all of the benefits of small city living:

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Brambleton

This is a one-of-a-kind mixed-use community with everything residents need just minutes from their home! The beautiful new townhomes come in two different collections with options for any family. But, you’ll need to hurry because limited homesites remain!

The amazing features include open floor plans and Top Chef kitchens that are great for entertaining, in addition to 3 bedrooms and a 2-car garage for growing families.

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One Loudoun

Talk about a community that has it all! One Loudoun is a master planned community that thrives off of the idea of “new urbanism”. In addition to the beautiful single-family Miller & Smith homes for sale, the community offers walkability to dining, shopping, recreation, entertainment, and more! Time is of the essence, however, because only 1 home remains!

Miller and Smith offers many options for a new home in Virginia’s best small city of Ashburn! Make an appointment at either of our communities in Ashburn to discover the amazing location, amenities, residents, and more!

Sources: Wallethub.com