Advantages of buying a home versus renting

Home ownership may be more affordable and rewarding than you think! There are many advantages to buying a home and can be a better financial decision in the long run compared to renting. Here are some common advantages when you buy a home. Build equity and credit. When you buy a home, a primary financial benefit is that you are able to build equity and your credit. You can build equity in two ways: when the property value increases and when the amount of debt you owe on your home decreases. Besides home improvements and routine maintenance, property values can… Read More

13 Kid-friendly things to do this summer in the Lake Country Area.

Oconomowoc and the Lake Country Area is a great place to be during summer. Here is a list of kid friendly activities and community events taking place throughout the summer season. Please make sure to visit the corresponding business or organizations’ websites that are hosting an event to confirm and view event details.   Visit Dirty Kettle at Concord General Store.  Dirty Kettle, a fur-trading, mountain man will be at Concord General Store 4 weekends this summer to showcase the ways and traditions of the Plains Indians and Mountain Men of the 1800’s. Visit his 16’ teepee and other items to transport… Read More

Home Sales Decline and Prices Grow as April Inventories Remain Tight

The low inventory of homes for sale continued to suppress the number of home sales and put upward pressure on home prices across Wisconsin. Comparing the number of home sales in April to the respective month last year, home sales were down nearly 10% statewide according to the Wisconsin REALTORS® Association’s most recent home sales report. In Waukesha County, home sales for the first four months of the year slightly trailed behind the number of sales during the same period last year but median home sale prices increased over 6%. There were more new listings this April, but the total number of… Read More

Is condo living right for you?

Buying a condominium may be a great alternative as opposed to purchasing a home. Maybe you’re retired and wish to travel more; maybe you want to finally buy your own place to break free of renting. Whatever the reason, you should first consider what condo living entails to determine if it’s the best route for you. Here are some common benefits and drawbacks of condo living: BENEFITS: Less maintenance. A major perk of condo living is that most of the chores are done for you such as mowing the lawn, snowplowing, and exterior repairs. This means you can have more… Read More

First Quarter Home Prices Heat Up as Sales Cool Off

For the first quarter of 2019, the number of home sales in Wisconsin were behind over 7% relative to last year’s first quarter, according to the most recent home sales report from the Wisconsin REALTORS® Association (WRA). Over the same time period, the quarterly median price increased 5.5%. Lack of inventory was the major contributing factor for sales to cool off and home prices to heat up, especially in urban localities. Homes have appreciated considerably over the past seven years. To put it in perspective, Wisconsin’s median home sales price in March 2019 ($185,000) was over 50% higher than in March… Read More

6 Design Tips for Your Outdoor Living Spaces

A great way to expand your living area is to create outdoor living spaces. Regardless if you have a huge yard or a small patio, these design tips can help you create an outdoor space that you will want to relax or entertain in. Choose neutral colored furniture. Make your furniture more versatile by choosing neutral shades. This will allow you to change up your décor easily. For a layered look, select decorative items in bold colors and similar shades.   Use double duty furnishings. Using multi-purpose furniture can help you save space and money. Furniture such as benches that… Read More

Tips for Homebuyers to Win a Bidding War in a Hot Housing Market

If you’re ready to find homes for sale in Oconomowoc or the Lake Country area, raise your chances of getting the home that you really want by following these tips. It has been a competitive housing market for homes in the Oconomowoc Area priced below $350,000 due to low inventory. These tips can help you win a bidding war on a great home in a hot housing market.   Get pre-approved for a loan and obtain a pre-approval letter. Once you are pre-approved for a loan, request a pre-approval letter from your lender. This letter can accompany your offer to… Read More

10 things to do this Spring in Oconomowoc

Spring is a beautiful time in Oconomowoc! Being both a Tree City and Bird City, Oconomowoc offers plenty of opportunities to see and hear the signs of Spring. The season is the perfect time of year to get out of the house and enjoy the natural beauty and fun happenings that take place this time of year. Check out our list of 10 things to do this Spring in Oconomowoc. Please make sure to visit the corresponding business or organizations’ websites that are hosting an event to confirm and view event details. – Bike or Hike the Lake Country Recreational… Read More

February 2019 Home Sales Report

Despite the frigid weather we had in February, home sales in Wisconsin surpassed last February’s sales record. The real estate market generally follows a seasonal pattern with the market picking up in Spring. As you can see from the home sales chart below, the busy real estate season is upon us. Homes sales for the first two months of the year were still off nearly 3.5% statewide, compared to the respective months last year, as reported in the Wisconsin REALTORS® Association’s most recent home sales report. More real estate listings in Oconomowoc and the surrounding area have been popping up… Read More

4 Noteworthy reasons to sell your home in 2019

Demand for homes in Oconomowoc and the Lake Country area have been in high demand. Since 2017, it has been a strong Seller’s market due to high demand for housing and limited supply. It is still a Seller’s market, but not the red-hot Seller’s market you saw over the last couple years. If you’re thinking about selling, it may be better to do so sooner than later before the housing market shifts more in Buyer’s favor. Housing inventory is still low. The number of homes for sale have been limited in most markets for some time now, enabling a strong… Read More