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Sicay Management, Inc

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17 East 33rd Street

234-4406 107 WEST LIBERTY STREET #2 1 bedroom, 1 bath apartment in great location, living room, wood floors, Available mid July.. No Pets. $625/mo.

Connect Savannah

06 . 08 . 05

www.connectsavannah.com

527 EAST BROAD STREET 2 bedroom, 1-1/2 bath townhome, living room, furnished kitchen, washer/dryer, hardwood floors, central heating and air, decks on both levels, available mid June. $1200/mo. 530 EAST LIBERTY LANE 1 bedroom, 1 bath carriage house, living room, kitchen, central air, off street parking space. $700/mo. 614 EAST DUFFY STREET Renovated deluxe 1870's Railroad Cottage. 2 bedroom, 2 bath condo, 1 bath with Jacuzzi tub 1 with claw foot tub, living room, porch, off street parking, IKEA kitchen with brand new appliances, washer/dryer. $875/mo. 710 BARNARD STREET • APT G 1 bedroom, 1 bath apartment steps from Forsyth Park. Living room, kitchen, hardwood floors, central heating and air, off-street parking. $700/mo. 445 JEFFERSON STREET 2 bedrooms, 1 bath apartment, furnished kitchen with dishwasher, built-in microwave, laundry room, stack washer and dryer, total electric. No pets. Available Mid June. $825/mo.

Commercial/ Residential For Lease STARLAND DESIGN DISTRICT Beautifully renovated 2BR/1BA Formal dining room, refinished heart pine floors, ceiling fans, new bathroom & kitchen w/ceramic tile floors. Seperate laundry room and private courtyard. C/H/A, total electric, security system. Viewing by appointment only

234-0606 Email: sicayproperties@comcast.net

Mon-Fri 9-5 Saturday 10-2

201 WEST 37TH STREET 3 bedroom, 2 bath home. Living room, dining room, eat in kitchen with dishwasher and electric stove, hardwood floors, stack washer/dryer connection. fenced yard. Available mid June. $1200/mo. 508 EAST PARK AVENUE Lower apartment. 2 bedroom, 2 bath, renovated apartment. Open living room, dining room area, stack washer and dryer, back deck, off street parking. $900/mo. 12 WEST TAYLOR STREET APT#2A 1 bedroom, 1 bath apartment near Monterey Square, Kitchen, Living room. $800/mo. 1312 LINCOLN STREET 3 story, 3 bedroom, 2 bath apartment, living room, alarm system, washer and dryer. $950/mo. 202 A EAST GASTON STREET 2 bedroom, 1 bath apartment in great location, living room, kitchen, wood floors, includes water. Available mid June. $850/mo. 3602 MONTGOMERY STREET Renovated 2 bedroom, 1 bath duplex, central heat and air, washer and dryer connections, all new appliances, carpet with off street parking. $750/mo. (SCAD Students $650/mo.) 421 EAST ANDERSON STREET • UNIT A 1 bedroom, 1 bath apartment, living room, kitchen, central heat and air, washer and dryer. $475/mo.

www.foxproperties.com 3109 E. Victory Dr. Savannah

W E L

Baby Boomers Intent On Trading Up As They Age By Patty Rietkovich, E.O. Home builders Association of Greater Savannah

The U.S. population of 77 million baby boomers— those born between 1946 and 1964— are a growing market force in the housing industry, according to speakers at the National Association of Home Builders’ (NAHB) recent Building for Boomers and Beyond Seniors Housing Symposium in Chantilly, Va. Experts at the symposium reported that the 50+ population is looking for new housing, but not within the context of retirement traditionally associated with this age group. And although it is difficult to make generalizations about this independent-minded generation, they said, by and large aging boomers do not see themselves trading down but instead expect to be moving up to the best housing they have ever had, even if it means taking out a hefty mortgage to finance their lofty housing aspirations. The home buying preferences of this segment of boomers is consistent with what NAHB is finding in overall home buying trends in which given the choice of more space or higher quality features, new home buyers are overwhelmingly opting for the latter. When asked to choose between a bigger house with fewer amenities or a smaller house with highquality products and amenities, 63 percent of the homeowners surveyed (representing a variety of age demographics) by NAHB favored downsizing to the home with the bells and whistles. A study conducted by Countrywide in conjunction with NAHB two years ago found that one-fourth of home buyers aged 50 and older were paying more for the home of their golden

years than for their previous home, and their new homes were likely to feature next-generation amenities like structured wiring and exterior maintenance services.

Retirement Only a Distant Thought

Information from a three-year focus-group study of baby boomers ages 47-58 who are looking to move within the next three years indicated than an active-adult community has little appeal for this oversized (about 30 million Americans) and affluent demographic group. Symposium panelists reported that these boomers on the leading edge aren’t ready to make a move yet and are not thinking in terms of retirement, but approach real estate as an investment or out of a need to move to a new home. And, according to the AARP, even if they wanted to retire, only 20 percent of boomers are in the financial position to be able to do so. And many are unwilling to move into a community where they will have to adhere to rules and regulations. Rules aside, these boomers are torn between the desire for a single family home and the conveniences of a community that offers timesaving amenities such as dry cleaning, house keeping and concierge service. And, these features may end up persuading more aging boomers to make the transition into an adult community. Other new home characteristics such as more open space, larger kitchens and fewer walls are leading the trend for these buyers, along with flexible space that allows for individualization and customization. One consistent requisite, however, is putting the primary living spaces all on one floor. For more information on the growing influence of seniors in the housing market or the Building for Boomers and Beyond Seniors Housing Symposium, visit www.NAHB.org.

912-352-2747

Rental Properties: THUNDERBOLT 2810 WHATLEY AVE – 3 bedrooms, 2 baths, $1,000.00

ISLANDS 308 PICKWICK ROAD- 3 bedrooms, 2 baths, $1,400.00

SOUTHSIDE 1504 CREIGHTON- 3 bedrooms,

20 E. OGLETHORPE

D

1.5 bath, $750.00

912-233-6000 w w w. C o r a B e t t T h o m a s . c o m

A Pricing Pitfall Ready to sell, but confused about pricing? No matter what you hear elsewhere, pay close attention to any advice that a real estate professional offers. Remember that the agent doesn’t set the price – you do. Make sure you understand all the facts before making your decision. Would you think that a home that sells in just a few days was probably underpriced? You’d be wrong – obviously, the home was perfectly priced! If the sellers – and the buyers – did their homework, they probably found out exactly what other homes in the area listed for, sold for, and didn’t sell for. Homes priced at “fair market value” stand a great chance for an early sale.

If you begin by asking for more than the home is worth, you’ll be cheating yourself out of consideration by serious, qualified buyers who you know better. You’ll get less interest, less offers, lower offers, or even worse – you could accept an offer that will be later withdrawn when the lender discovers that the appraised value came in lower than the asking price. The real proof that a quick sale wasn’t priced too low is the homes in the neighborhood that haven’t sold yet or have “expired.” Ask the agent for those prices and then you’ll understand how pricing correctly from the get-go results in a full price sale in the shortest time.

Profile for Connect Savannah

Connect Savannah June 8, 2005  

Connect Savannah June 8, 2005  

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