Blog :: 03-2019

After more than 25 years of living, working and playing on Cape Cod we have a lot to share about the area.  Our blog topics run the gamut from fun things to do, working with contractors, and homeownership tips and tricks, so check back frequently to see what's new.  If you have questions or would like to learn more about Cape Cod or owning property on this beautiful peninsula please contact us for more information and to set up a showing for any listing. 

Cape Cod Open Houses Weekend 3/30-3/31 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

 

Sunday 11-2 | 15 Ocean Ave Harwich Port | Featured Cape House Hunt in the Cape Cod Times

This is an unbeatable location that features charming cottages, which share a love for summer fun. Nantucket Sound is merely 140 paces away and Harwich Port village center is less than a quarter mile for fine dining, shopping, art galleries, and more. This home an arts and crafts style bungalow renovated in 2013 , combines historic features, such as built-ins, charming decorative arched fireplace, carved brick mantle and dark wooden beams with modern bathrooms, kitchen, and infrastructure upgrades. The ocean is viewable from both up and downstairs porches and the master bedroom. It is a larger home with adequate room for large gatherings. Long standing solid rental history is available. Septic is being upgraded.

 

*NEW TO MARKET* | Saturday 10-12 | 560 Millstone Road Brewster

This light and bright ranch checks all the boxes - 3 good sized bedrooms, en-suite master bath, 2 car garage, full basement, gas generator, fireplace, irrigation, gleaming hardwood throughout. Walk-up attic offers many possibilities. Perfectly located less than 2 miles to Brewster's fantastic beaches and across the street from Nickerson State Park with trails, camping, fishing and more. Nicely situated far off the road on an attractive 1.4 acre wooded lot. Exceptionally well maintained and very lightly used since it was built in 2002. Nothing to do but move in and enjoy.

 

 

 

Ask Agnes: Cost Recovery and Home Improvements

Consider doing the garage door, but that's it!It's that time again, Spring.  The daffodils are starting to poke up through the ground, afternoons are getting warmer, and homeowners are starting to take a long hard look at the shambles of their yards and homes after the winter.  We decided to take a bit of time for another installment of "Ask Agnes" and focus on home improvements and how much value they add to a home. 

"Hi Agnes! It's been a while since we've had a chance to do this and we are excited to be back."

"Me too.  What can I do for you today?"

"I'd like to sell and need to know which major home improvements I should do to maximize my sale price?  Should I finally renovate my bathroom"

"The short answer is don't do it."

"Truly? Even my bathroom?  Everyone loves new bathrooms right?"

"The cost recovered on most home improvements just don't pay back"

"Can you explain a little about this 'cost recovered' to start?"

"Sure.  Cost recovered is a way to measure how much value a home improvement adds to your home compared to what you spent to make the improvement .  Here is a quick example: you have a lemonade stand that is worth $10 and you spend $5 improving the sign and painting the stand.  You then sell the stand for $15.  We are interested in how much value that $5 improvement added to the property and in this case it is $5, so you recovered 100% of your investment.  This means you only broke even and the improvement, while it added value to the property, didn't net you any extra money."

"Wait, isn't a 100% return an amazing investment?"

"In the stock market it sure would be because they are considering a "Return on Investment' or ROI, which is a little different.  For home improvements we are interested in the cost recovered so anything less than 100% means you lost some money."

"Right, that makes sense now.  So to get back to the bathroom how do you know it isn't a good investment?"

"Well based on the report here a mid-range bathroom remodel in New England costs $21,891 and adds $15,777 in value to your home at resale.  That is a 72% cost recovery which means you lost $4,333.  The cost recovered is even worse nationwide at only 60%.  

"What are some other examples? What about kitchens or re-siding?"

"People do like new kitchens but a mid-range minor kitchen remodel in New England only returns about 81%, more extensive remodels closer to 60%.  Siding is about 89%, backyard patios are 57% and the list goes on and on."

"Is there anything I can do that will actually earn a profit"

"According to the report new garage doors are the only thing that does.  And in this case a $3629 improvement nets only $267."

"Yikes, forget home improvements then huh?"

"That thinking isn't quite right either for two reasons.  Sometimes an improvement is actually maintenance and deferred maintenance may reduce the value and marketability of your home. For example, a leaking roof will lessen the value of your home through water damage and should be repaired regardless of the cost. The important thing is to consult with your realtor before making improvements to sell your home.  They will advise you as to which projects are worthwhile and which are not. My final thought here is that you shouldn't be waiting to improve your home!  Enjoy it and make it work for you.  If you want to add a back deck by all means do it and enjoy an improvement in both your home and your quality of life.  Don't hold back from an improvement if it is something you will enjoy."

Well Agnes, as always we appreciate your sage advice and experience here in the Cape Cod real estate market.  Please contact us with questions about buying and selling on the Cape and stay tuned for our next installment of Ask Agnes.

Cape Cod Open Houses Weekend 3/23-3/24 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

 

PRICE REDUCED | Saturday 10-12 | 47 Asack Drive South Dennis

This lovely home in a sought-after Dennis neighborhood offers sparkling hardwood and tile floors. It is conveniently located with easy access to amenities and all of life's needs. Sit back and enjoy morning coffee in the window wrapped sunroom while listening to the chirping birds in the peaceful yard. Step out on the Azek deck to feel the breeze coming through the trees that afford exceptional privacy. Entertain from the smartly appointed stainless kitchen with granite counters. Nestle with a book around the gas fireplace in the living room. Or enjoy a movie in the loft that is large enough to be both an entertainment center and grand home office. Take comfort in the first floor master bedroom that features an en suite lovely bath and walk-in closet. House your guests in the two second floor bedrooms. Take pride in the interesting architectural features. Delight in the fact that this home is low maintenance and economical to own with its solar panels. This is truly a joy to own.

 

Saturday 1-3 | 88 Pleasant Bay Road Harwich

Delightful home centrally located. It features one floor living, warm wood accents, an open floor plan, beamed vaulted ceiling, and sparkling hardwood floors throughout. The master bedroom with private bath has direct access through large slider to the deck. This home is nestled on a private acre of land that is convenient to Pleasant Bay for water recreation and to shopping, restaurants, groceries, post office and all life needs. Truly a joy to own.

Cape Cod Open Houses Weekend 3/16-3/17 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and would love to help you find your dream home on Cape Cod.

PRICE REDUCED | Saturday 10-12 | 47 Asack Drive South Dennis

This lovely home in a sought-after Dennis neighborhood offers sparkling hardwood and tile floors. It is conveniently located with easy access to amenities and all of life's needs. Sit back and enjoy morning coffee in the window wrapped sunroom while listening to the chirping birds in the peaceful yard. Step out on the Azek deck to feel the breeze coming through the trees that afford exceptional privacy. Entertain from the smartly appointed stainless kitchen with granite counters. Nestle with a book around the gas fireplace in the living room. Or enjoy a movie in the loft that is large enough to be both an entertainment center and grand home office. Take comfort in the first floor master bedroom that features an en suite lovely bath and walk-in closet. House your guests in the two second floor bedrooms. Take pride in the interesting architectural features. Delight in the fact that this home is low maintenance and economical to own with its solar panels. This is truly a joy to own.

Saturday 1-3 | 15 Ocean Ave Harwich Port

This is an unbeatable location that features charming cottages, which share a love for summer fun. Nantucket Sound is merely 140 paces away and Harwich Port village center is less than a quarter mile for fine dining, shopping, art galleries, and more. This home an arts and crafts style bungalow renovated in 2013 , combines historic features, such as built-ins, charming decorative arched fireplace, carved brick mantle and dark wooden beams with modern bathrooms, kitchen, and infrastructure upgrades. The ocean is viewable from both up and downstairs porches and the master bedroom. It is a larger home with adequate room for large gatherings. Long standing solid rental history is available. Septic is being upgraded.

Sunday 1-3 | 13 Beachwood Rd South Yarmouth

 sophisticated cottage for the discerning homeowner this is a true pleasure to own. Don't compromise on quality. This extraordinary custom renovated luxurious cottage personifies the charm of the Cape. Every inch in each of the six rooms is crafted to perfection from end-grain butcher block counters and Baldwin hardware to granite steps, copper gutters, and decorative mullions all by Kenneth Vona Construction. Ocean views capture quintessential Cape Cod. This jewel is less than 50 paces to Nantucket Sound beach.

Cape Cod Market Update March 2019

February Review:

February saw the beginning of the Spring market on Cape Cod and the numbers tell an interesting tale.  We notice that average days on market has been steadily increasing while average percent of original price received has been declining.  It seems that buyers in the market are responding to overpriced houses by waiting longer to make offers and ultimately offering less.  We see this time and time again in smaller markets too, take an analysis we did for a client recently: Brewster Single Family sales in 2018. 

I'll explain briefly: 

Blue columns indicate the current price as a % of the original asking price.  In other words, the price that actually attracted a buyer.

Orange columns indicate the sale price as a % of the original price.

The three groups of columns show the houses that sold the fastest selling (left group at less than 25 days), median (middle group), and slowest selling (right group at more than 105 days).

Given all of that, we see houses that sell faster sell for closer to the asking price.  Homes that are on the market for longest are reduced to 94% of the original asking price before they attract a buyer and sell for only 90% of the original asking price. The takeaway is clear: if you price your house too high, it could spend more time on market and receive significantly less than the original asking price - ultimately costing you money.  It is important to work with local real estate experts to be sure you are well informed about how pricing strategies ultimately affect your bottom line.  

Recent Market Summary

  Dec Jan Feb
   Closed Sales 290 229 201
   Inventory 1,614 1,626 1,693
   Median Sales Price $385K $395K $408K
   Avg Days on Market 95 112 130
   Avg % of Original Price 93% 92% 91%

 

Blog - Top 5 things to do on a rainy day on Cape Cod

Dennis Insights

Comments

  1. michael myslinski on

    I enjoy your updates. Thanks, Mike
    • Paul Chatelain on

      Thank you. We are happy to do it
  2. Michael Haidas on

    I too enjoy your updates. Best darn realtors on the Cape.
    • Paul Chatelain on

      Thanks Mike. Your vote of confidence is very much appreciated

Top 5 things to do on a rainy day on Cape Cod

We think Cape Cod is a wonderful place not just in the sunny summer, but even when a little rain looks to hinder a beach day.  With our top five fun activities to do on Cape Cod in nasty weather you'll be sure to find something to love.  In no particular order here they are

Nauset Model Railroad Club | Orleans

Just like it sounds this organization is a total hidden gem.  Although their hours are a little unusual the club does have summer open houses and it is worth the wait.  Stunning detailed models and a group of enthusiasts who are a credit to the hobby make this an excellent stop even on a sunny day.

National Park Salt Pond Visitor Center | Eastham

The Cape Cod National Seashore encompasses some of the most beautiful areas the nature of Cape Cod has to offer.  And while the majority of the park is best enjoyed on a beautiful day, the Salt Pond Visitor Center is a must stop in inclement weather.  Loaded with information on local geology, history, and biology the visitor center also shows a variety of videos and has a wonderful gift shop with hard to find books and guides of the area.

Cape Cinema | Dennis Chatham Orpheum Theater | Chatham

We don't mean to imply that these are the same entity but both are small cinemas with unique and wonderful personalities.  Cape Cinema has only one screen and specializes in independent films.  Enjoy a beer with the movie as well as popcorn and brand new seats (frankly we thought the old seats were part of the charm but the new ones are definitely more comfortable...and less lumpy).  Also the ceiling is painted in a magnificent and sprawling mural pictured here.  Chatham Orpheum recently underwent an extensive multi-million dollar restoration and hearkens back to a time when cinema itself was new (c1916).  You can enjoy a bite to eat at the cafe and take in the mural by local artist Hans deCastellane of deCastellane Gallery in Dennis Port.

Cape Cod Museum of Natural History | Brewster

This treasure includes extensive and interpreted hiking trails and guided tours for sunny days, but when the weather turns sour, hold on to your hats.  The Natural History Museum has numerous excellent exhibits including an aquarium, touch-tank, honey-bee hive, a bird watching area and a gift shop with multiple resources by local authors, some of whom volunteer at the museum.  In addition to these offerings the museum host speakers and special programs through most of the year and is a great resource for kids programs and STEAM learning opportunities.  Be aware though that, while a treasure, the museum is not exactly a secret and can be crowded on truly abysmal days in the summer.

CLAMS Public Libraries | Everywhere

We can't say enough about the excellence of the Cape Libraries Automated Materials Sharing (CLAMS) - also known as the library system.  This resource links nearly all of the public libraries on Cape into one gigantic catalogue.  From audiobooks and DVD's to museum passes and free classes, this system has far more than just books.  Additionally each library is completely unique and worth a visit.  While we can't choose a favorite we love the South Dennis Library on old Bass River Road.  It exudes delightful 19th century charm and has a magical children's section in the basement to boot.

Honorable Mention...

The Edward Gorey House | Yarmouth

Edward Gorey was a well known local author for his idiosyncrasies as well as his unique works.  The museum is exceptionally curated and gives a unique window into the mind of a truly unusual individual

Comments

  1. Pam Kukla on

    Enjoyed this article tremendously. None of these were newto me but were presented in a very fresh way that made me (almost) wish for a rainy day.
    • Paul Chatelain on

      Don't wish too much for rain! And thank you for the comment

Cape Cod Open Houses Weekend 3/9-3/10 2019

Check out these open houses on Cape Cod this weekend.  If you are interested in any of these homes or to learn more about any other homes for sale on the Cape, contact us today.  Chatelain Real Estate agents are known for the excellent quality of service and professionalism they offer their clients and we'd love to help you find your dream home on Cape Cod.

 

Saturday 1-3 pm | 47 Asack Drive South Dennis

This lovely home in a sought-after Dennis neighborhood offers sparkling hardwood and tile floors. It is conveniently located with easy access to amenities and all of life's needs. Sit back and enjoy morning coffee in the window wrapped sunroom while listening to the chirping birds in the peaceful yard. Step out on the Azek deck to feel the breeze coming through the trees that afford exceptional privacy. Entertain from the smartly appointed stainless kitchen with granite counters. Nestle with a book around the gas fireplace in the living room. Or enjoy a movie in the loft that is large enough to be both an entertainment center and grand home office. Take comfort in the first floor master bedroom that features an en suite lovely bath and walk-in closet. House your guests in the two second floor bedrooms. Take pride in the interesting architectural features. Delight in the fact that this home is low maintenance and economical to own with its solar panels. This is truly a joy to own.

Saturday 10-12 | 88 Pleasant Bay Road Harwich

Delightful home centrally located. It features one floor living, warm wood accents, an open floor plan, beamed vaulted ceiling, and sparkling hardwood floors throughout. The master bedroom with private bath has direct access through large slider to the deck. This home is nestled on a private acre of land that is convenient to Pleasant Bay for water recreation and to shopping, restaurants, groceries, post office and all life needs. Truly a joy to own.