Real Estate Blog

Looking for some new furniture to liven and refine your new Chicago home? Whether you’re moving into a family townhouse in Lincoln Park, a Lakeview apartment, or a condo on the Gold Coast, starting out with a few luxurious furniture items and a reasonable interior theme will help you save money (and headaches) further down the road.

While Chicago has a number of furniture stores with an assortment of pieces, after reviewing this guide, you’ll find that Shenandoah Cabinetry has the perfect themes and pieces within their collections for you and your home.

Foyer

Let’s start with the foyer, the entranceway into your home and the first impression your guests will have of your interior. It’s important to ensure your decor here is a balanced elevation —

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So, you’re thinking about moving to the Windy City? Congratulations! As the third most populous city in the United States, Chicago is home to plenty of urban attractions and culinary hot spots. On the other hand, the city’s midwestern roots are apparent in its historic landmarks and verdant parks. Chicago is divided into 77 distinct districts. Each one has its own distinct appearance, history, and culture, so it’s important to do your homework before you make the move.

1. Chicago has 77 distinct districts

Chicago’s major districts include the North, South, and West Sides, as well as the business district--a.k.a. the Loop. The North Side is primarily residential and runs along the banks of Lake Michigan. It’s also home to the Chicago Cubs and Lincoln

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We’ve got a great featured condo building for all you house hunters out there this week that’s located in a building rife with historical intrigue.

Located on the Near North Side, Ambassador West was built in 1918 and stood for 80 years as one of the world’s most famous hotels. In the late 50s, the Ambassador West was known for hosting lavish soirees with scads of famous people and social elites like Frank Sinatra, Angela Davis, Queen Elizabeth and Prince Philip. The Hotel had mahogany, marble and glass lobby pillars, Parquet floors, draperies of sapphire taffeta and beautiful Waterford chandeliers. The marble front desk is where Cary Grant questioned a clerk in the movie "North by Northwest".

Unfortunately, The Ambassador West did not last forever and

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The Windy City has a lot to offer newcomers in terms of dining and doing from Lincoln Park to Edgewater. Whether you’re hungry for a deep-dish pie or for a thriving arts and culture scene, there’s plenty to recommend Chicago as your new home base.

But potential renters and buyers taking another look at the Second City should take note: if you’re scouring housing and rental listings for a new place in Chicago, you’d do well to tour a listing in one of the city’s best neighborhoods: the Gold Coast.

Just north of downtown along the Lake Michigan shoreline, the Gold Coast is aptly named for its stately historic mansions and prime shopping destinations (not to mention its status among Chicago’s most affluent neighborhoods). While you can’t go wrong strolling…
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Selling a home, particularly in a slow buyer’s market, is never an easy mission. Listing your home and waiting often gets you nowhere. On the other hand, the prices might not be as heart-warming as you might be expecting. Nevertheless, that does not mean that it is impossible to sell your home under such conditions where the market is not favorable. The approach is not one of chance but a tactical one that increases the likelihood of making a sale, sooner and at a better price that you might have thought possible.

Spend Money to Make Money

If you want your home to sell fast and for a premium, making the right investments is important. A home often echoes a personalized tone, and it is necessary to neutralize it and make it buyer-friendly.

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Home staging? That sounds like a lot of work. Why go to all the trouble? This is a common mindset among home sellers in the Chicago area. In truth, there are many reasons to stage a house before allowing buyers in for a visit. The biggest benefit is that staging can help you sell faster and for more money -- and who doesn't want that? But that's not the only reason to embrace staging when selling a house in Chicago. Here's what else you'll get out of it:

 
1. Home staging gives you a head start on your move.

 De-cluttering cabinets, closets and shelves is a key part of the staging process. It will make your home seem more spacious and usable, which increases the likelihood of a sale. But the benefits don't end there. De-cluttering also makes

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When you apply for a home loan in the Chicago area, the mortgage lender will review your finances to determine whether or not you're eligible for financing. They'll also tell you how much they are willing to lend you.

When you go through this process before house hunting, it's referred to as pre-approval. And it offers several important benefits. Here are three good reasons to get pre-approved for a mortgage loan before entering the Chicago housing market.

1. Pre-approval helps you spot problems early on.

Mortgage loan officers can identify many potential problems during the pre-approval process. Insufficient income, excessive debt, and bad credit are common roadblocks. The sooner you learn about these issues, the better. It gives you more time

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If you plan to buy a home in Chicago in 2016, or refinance your existing mortgage, you should be aware of the Federal Reserve's recent policy change. It could lead to higher mortgage rates in 2016, according to some analysts. 

 Following their last policy meeting of 2015, Federal Reserve officials announced they would raise the federal funds rate for the first time in seven years. It's the end of the "zero interest" era, and it could result in higher borrowing costs for consumers. More to the point, the Fed's policy shift could cause a gradual rise in Chicago mortgage rates in 2016.

 The Fed kept the short-term funds rate near zero for years. It was part of a broader stimulus plan designed to spur the economy during and after the Great Recession. At

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Home prices in the Chicago metro area began to fall at the start of 2007, when the housing crisis was coming to a boil. They didn't hit a hard "bottom" until 2012. Since then, however, Chicago home prices have been following a mostly upward trajectory. Today, local house values are still below their pre-crisis peaks, but they're more sustainable as well. And that's a good thing.

The question is, what should we expect going forward? What is the Chicago home price forecast for 2016? Predictions vary from one source to the next. But the general consensus among housing analysts is that home prices across Chicagoland will continue to rise in 2016, but at a slower pace than last year. 

Here are some recent predictions and forecasts for Chicago home prices

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Streeterville is home to Chicago’s most popular attractions like Navy Pier, famed architecture, world-class shopping, exquisite dining and incredible lakefront views. The neighborhood has a variety of dining options from five-star, featured, foodie restaurants to burgers and bar food. Although Streeterville has fabulous tourist attractions, it is also a family-oriented neighborhood with parks, beaches and museums. Navy Pier houses the Children’s Museum, and in the same neighborhood you can spend the afternoon at the Museum of Modern Art.

If you are looking for a home in this historic, lakeside neighborhood, check out our featured Streeterville listings below.

Condo/Townhouse: 159 East Walton Street, 33A

Bedrooms: 3 
Bathrooms: 4 full bathrooms, 1

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