More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.
June is National Homeownership Month, and it’s a great time to reflect on the benefits of owning your own home. Below are some highlights and quotes recently shared by the National Association of Realtors (NAR). From non-financial to financial, and even including how owning a home benefits your local economy, these items may give you reason to think homeownership stretches well beyond a sound dollars and cents investment alone.
Owning a home brings families a sense of happiness, satisfaction, and pride.
Pride of Ownership: It feels good to have a place that’s truly your own, especially since you can customize it to your liking. “The personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.”
Property Maintenance and Improvement: Your home is your stake in the community, and a way to give back by driving value into your neighborhood.
Civic Participation: Homeownership creates stability, a sense of community, and increases civic engagement. It’s a way to add to the strength of your local area.
Buying a home is also an investment in your family’s financial future.
Net Worth: Homeownership builds your family’s net worth. “The median family net worth for all homeowners ($231,400) increased by nearly 15% since 2013, while net worth ($5,000) actually declined by approximately 9% since 2013 for renter families.”
Financial Security: Equity, appreciation, and predictable monthly housing expenses are huge financial benefits of homeownership. Homeownership is truly the best way to improve your long-term net worth.
Homeownership is even a local economic driver.
Housing-Related Spending: An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country’s economic activity over the past three decades.
GDP Growth: Homeownership also helps drive GDP growth as the country aims to make an economic rebound. “Every 10% increase in total housing market wealth would translate to approximately $147 billion in additional consumer spending, or 0.8% of GDP, as well as billions of dollars in new federal tax revenue.”
Entrepreneurship: Homeownership is even a form of forced savings that provides entrepreneurial opportunities as well. “Owning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.”
The benefits of homeownership are vast and go well beyond the surface level. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact on your local economy. If owning a home is part of your dream, let’s connect today so you can begin the homebuying process.
Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan.
Exceptional North Waterfront condo with resort-style amenities in one of the neighborhood’s most sought after buildings, unit 712W is an ideal retreat from the city. Designed with entertaining in mind, this spacious 2Br/2Ba home offers exceptional designer finishes, quality fixtures, and beautiful wide plank floors throughout. Off the entry a large open living and dining space is a lovely oasis featuring a wood-burning fireplace, surround sound speakers, and large sliding glass doors that open onto a private deck with views of Coit Tower and lush gardens. The sleek open kitchen has custom walnut cabinetry that wraps around into the dining area, with ample storage and soft close pull out drawers. Thick slab Calacatta marble counters have a dramatic backsplash with a central workspace that makes it great for entertaining. There is top of the line Bosch appliances, a Sub Zero refrigerator, and a separate wine bar with a fridge and wine wrack. The stackable washer/dryer is conveniently tucked away in a closet in the kitchen. The spacious master suite has Telegraph Hill & Coit Tower outlooks and a luxurious bath with double marble vanities, a large tile shower, and a walk-in closet. Down the hall there is a wall of closets beautifully built out to maximize storage and a well appointed second bedroom, great as a den or for guests. Storage and 1-car parking complete the home. This prestigious 5-star amenity bldg has Resort-style Amenities, including 24-hour concierge services, heated outdoor pool and hot tub, and a fabulous club room and library. Close to Telegraph Hill, the Ferry Building, Waterfront, Parks, North Beach, FiDi, and Transportation.
Built in 2014, this stylish condo residence at Marlowe is characterized by its luxurious finishes and dark wood floors throughout. The home features a bright and spacious living area with large windows with north facing views of the neighborhood. An open designer kitchen has a combination of white and dark walnut cabinetry, beautiful quartz counters, top of the line stainless steel appliances, a Bertazzoni cooktop, and a huge entertaining island. Next to the kitchen is a comfortable space currently being used for a home office. The gracious master bedroom has ample closet space with custom organizers. The bathroom can be considered en suite, and also has a door facing the kitchen. It has a dark wood quartz vanity and a shower over tub with 3/8 frameless glass enclosure. The home has central air and heating and custom window coverings in all rooms with blackout curtains and shades. An in-unit washer/dryer and one car deeded garage parking complete the home. Parking has an outlet for an electric car. Located at the juncture of Nob Hill, Russian Hill and Pacific Heights, the Marlowe has an attended lobby and a beautifully landscaped community courtyard which includes a fireplace lounge, Bocce Ball court, gas BBQ and two dining areas. Transportation lines and tech shuttle stops are just steps away, as well as all the restaurants, nightlife, shopping and other amenities of the Polk Corridor.
Located at the summit of Nob Hill, the Crescent is a thoughtfully designed new building, the first new residential development on Nob Hill in more than 50 years. A truly special new upscale condominium community, it’s designed by one of the world’s most celebrated living architects, Robert A.M. Stern. Located on the corner of California and Powell Streets, the new construction will have a classic style which is harmonious with it’s historic neighborhood surroundings, and will surely contribute to the charm of Nob Hill. Offering 44 exceptional residences once completed, new homes are expected to be ready in January of 2020. The building’s interior design is by award winning designer Champalimaud. There will be three levels of lifestyle amenities, a magnificent rooftop terrace overlooking the city, and a unique, lushly landscaped “Secret Garden”. The developer is Grosvenor, one of the world’s largest privately owned property developers, known for their other projects in the city, such as 288 Pacific and 1645 Pacific. Presale is happening in October 2019.
Welcome home to the prestigious Four Seasons Residences, Stan Lee’s former San Francisco Getaway at The Four Seasons. Currently listed for $1,350,000, the home is perfect for weekend getaways or a corporate executive. With gorgeous, unobstructed views of downtown, this east facing unit has expansive windows, tall ceilings, and Brazilian Cherry hardwood floors throughout. The kitchen is accented with granite counters and upgraded stainless steel appliances, and the unit has plentiful closet space, a marble bathroom, and a stacked washer and dryer. Experience elegant surroundings of the highest quality with world-renowned Four Seasons Brand attention to service and detail.
Boasting one of the only 5-Star Hotels in San Francisco, the Four Seasons Residences are truly unique, special, and one of a kind. 5-Star Amenities include 24-hour security and doorman service, highly skilled resident specific Concierge team, 24/7 In-Room Dining, Housekeeping, MKT Bar/ Restaurant, leased valet parking, and an Equinox Sports Club facility. Just an elevator ride away from the epicenter of international business and commerce, The Four Seasons is always an exciting, elevated address to visit. Directly outside you’ll find a city buzzing with activity. You’ll be close to world-class shopping, Michelin starred restaurants, Union Square, Yerba Buena Center for the Performing Arts, and SFMOMA. Transportation options are aplenty as well; BART, Muni, and freeway access.
Photos are a virtual representation of the property staged with furniture. They are an approximation and not an actual representation of how the property currently looks.
Built in 2013, 1269 B Lombard is an urban entertainer’s dream. Free-standing structure in Russian Hill with breathtaking iconic views from every level in several directions. Dynamic, large panoramic view exclusive roof deck with fire pit with direct access from the top floor that showcases views of the Golden Gate Bridge, and our gorgeous city. The main level boasts the coveted North view from the entertaining area, west vistas from the dining area and designer kitchen, and access to a rare southwest view rear yard. The kitchen is accented with Bosch gas range, GE Monogram refrigerator, and counter with bar seating that opens up to the living/dining room. Dramatic North Bay view master suite with private deck. Western view master bath has a separate shower, soaking tub, and double vanities. Two additional bedrooms are flexible to use as a media room or an office. Laundry and parking complete this home. Boutique two-unit HOA.
Incredible Russian Hill location. Close to charming shops, fine restaurants, and cable car line on Hyde St. A quick dash to tech shuttles and public transportation on Van Ness.
Constructed in 2014 and part of a boutique 3-unit building, this 3 bedroom, 3.5 bathroom Russian Hill condominium is the ultimate in indoor/outdoor living. The finest finishes and every amenity rule.
Beautifully configured for entertaining, the dramatic great room opens onto a spacious, sunny terrace with an outdoor kitchen with a Fire Magic grill, Soleic outdoor cabinets, a Dekton countertop, and a gas fire pit. The deck flows out to an expansive south-facing garden that has been enhanced with an outdoor approximately 20-foot Christie projector movie theater with surround sound, perfect for movie night or large gatherings to watch your favorite sporting event. This lovely home is distinguished by its exquisite craftsmanship and inspired selection of appointments. The bright chef’s kitchen boasts Calacatta marble counters; Bertazzoni and Miele appliances; and abundant Liecht custom cabinetry and an expansive island.
The three bedrooms’ stunning en-suite bathrooms are appointed with Carrara marble, French limestone, and Waterworks fixtures. The suite on the lower level opens onto its own deck leading to a luxurious custom Nordic six-person sauna with LED controls. With a 288 sq. ft. upper deck*, a 1464 sq. ft. backyard*, and a 216 sq. ft. lower deck (not including the sauna)*, this home is the ultimate entertaining space.
The icing on the cake at 827 North Point is the electronic systems that are present, which include: Crestron home-automation system controlling aspects of the home directly from your phone, wherever you have service; a Sonos and Marantz sound system with Definitive Technology in-ceiling speakers in the living areas, bedrooms, and bathrooms; Sonance outdoor speakers through the yard and patio; 5.1 channel surround sound home theater in the living room; Lutron automatic lighting controls; multimedia wiring for Cat-6 network and distributed audio and video; a QMotion automatic shading system with remote controls; a Siedle front door entry system with a video and intercom; and a Crimewatch alarm system with sensors and cameras on all external doors. The home is completed by a convenient in-unit laundry (washer and dryer included), energy-efficient multi-zone radiant heat with Nest thermostats; and one-car parking and storage in the building’s garage.
*All sq. ft. measurements are per appraiser.
Contact Michelle Balog at (415)810-7890 for more information.
Located in the heart of the vibrant South Beach this beautifully constructed and well-maintained condominium at the Brannan has an inspiring design, which along with the the building’s amenities and services make the Brannan one of San Francisco’s premier residences. With beautiful Brazilian cherry wood flooring and an open gourmet kitchen featuring light wood cabinetry, the living and dining room area is a welcomed retreat from the hustle and bustle of South Beach, one of SF’s most eclectic neighborhoods for culture, entertainment, and recreation. The building community has three full-service luxury towers at 219, 229, and 239 Brannan Street with a total of 336 residences. Renowned French interior designer Christian Liaigre designed the high-end lobbies and common areas, reminiscent of the Mercer Hotel in Soho. The buildings’ facades, lobbies, courtyard, and pool area are finished with Italian limestone. Enjoy an array of professional services, retail stores, restaurants, nightclubs, recreational facilities, and art galleries nearby. The Brannan is within close proximity to the Embarcadero; AT&T Park (home of the World Champion Giants); South Beach Harbor and Marina; the Financial District; the San Francisco Museum of Modern Art (SF MOMA); Yerba Buena Gardens; Moscone Center; and the SF Ferry Building and famous farmer’s market. The Brannan is also close to mass transit including Muni, Caltrain, and BART and has excellent freeway access to East and South Bay locations.
This bright & spacious 2Br/2B top-floor condo combines clean lines,sleek white walls, & natural wood floors thru-out the living areas and bedrooms.Lovingly maintained by the original owner since 2005, the home features a LR/DR w/an open kitchen & large windows providing plenty of light. Extensively remodeled and expanded kitchen embodies a perfect white-on-white aesthetic w/its sparkling white cabinetry, subway tile backsplash,& thick Carrera marble countertops:spacious breakfast bar;sleek stainless steel Bosch appliances;Sharp microwave;Sub-Zero fridge;& custom lighting add to making the kitchen glamorous.The living areas’ beautiful hardwood floors carry into the bedrooms,each conveniently located on opposite ends of the unit.Master BR suite includes a walk-in closet w/ organizers & remodeled BA w/wood vanity,nat.limestone floors,& unique contemporary sink. 2nd BR has new sliding door to closet,& there is another full BA that has also been remodeled. Comes w/in unit W/D & convenient 1car parking.