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Lee's Mill Landing Homeowners Association

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Lees Mill Landing Homeowners Association

Newsletter 

Fall/Winter 2023-2024                                                       Issue 5 

Living in Fayette County Georgia

Fayette County is located in Georgia with a population of 117,828. Fayette County is one of the best places to live in Georgia. In Fayette County, most residents own their homes. In Fayette County there are a lot of restaurants, coffee shops, and parks. Most residents own their homes. Seated just 25 miles outside of Downtown Atlanta and home to cities like
Brooks,FayettevilleandPeachtree City, Fayette County offers buyers the best of the
area’s most-a-after family communities. Add on the fact that this community is only a
short drive away from award-winning schools, career opportunities and great local
restaurants, and it’s no wonder why this county has made a name for itself. Home Price
Distribution:Min$60K - Median$570K - Max$3.95M. And Yes, this is our community.

Arts, Culture, and Just Things to do……….

Theatre

If the stage is calling, the Legacy Theatre is an exquisite 180-seat venue feathering Broadway-style musical theater productions featuring shows for all ages. There are also several local theater troupes, dance groups, music performances of all kinds and more.

Music
The Frederick Brown Jr. Amphitheater, known to the locals as “The Fred,” has established itself as one of the leading outdoor entertainment venues in the metro Atlanta area and has hosted hometown favorites, national and touring acts for more than thirty years. In Fayetteville, Zac Brown’s Southern Ground Amphitheater lines up equally popular acts. Country artists, Motown favorites, rock ‘n roll and pop icons play this stage.

Art + Culture

Book clubs, a thriving poetry group, and an international film group also call Fayette County home. We’re also an annual host to a multitude of arts and cultural festivals. There are countless opportunities throughout the county to enjoy year-round.

Night Market

Inspired by vibrant outdoor markets popular throughout Europe and Asia, night markets are social outdoor events where food, retail, and educational vendors offer a variety of fresh, local street foods,arts & crafts, and other family-friendly fares. Bustling with excitement and fun, we are your destination for food, shopping, and entertainment!

What’s happening in Fayette County?

November 14 – AMA Atlanta Around town: Barley Garden 5:30-7:00
November 21 – Peachtree City 5K
December 3 –Miracle on Main Street Parade and Christmas Market

Check Fayetteville-ga.gov

Low home estimate? Here’s what brings down property value
As a property owner, you probably concern yourself more with projects thatincrease property value. But while there are many great ways to increase property value, there are just as many — if not more — things that can decrease your property value.
Generally, property values increase over time. But that’s thinking in more of a generational timeline rather than an immediate one. Over a period of weeks, months, or even years, property values may fluctuate due to many factors. Some of these factors are within your control, but many are not. You can’t do anything about certain factors driving down your home value.

Home features that devalue your property
Potential buyers and assessors will look for certain home features to determine your property value. Things like ample square footage and luxury amenities will add value, while the following factors will bring down your property value.

1. Crumbling interior and exterior
When something breaks, fix it. Not that hard, right? Well, after you’ve been in a home for a while, you might get tired of putting so much money into fixing up every little thing that goes wrong. But failing to do so will hurt your property value.The longer you sit on a maintenance problem like a leaky faucet or sputtering HVAC system, the harder and more expensive it will be to fix. If you don’t know how to fix something, hire someone who does. Pay special attention to your roof, foundation, gutters, HVAC system, and pest problems. These are repairs you want to make immediately. Additionally, maintenance extends to the paint on your walls. Just like exterior house paint, chipped,
low-quality, or just plain ugly interior wall paint can lower your property value. Paint costs money — nobody wants to pay to fix a problem you allowed to persist.

2. Too much carpet
When you first put that carpet in all over the house, you loved that you could walk barefoot everywhere.You got all cozy on it watching movies. But after a few years, the occasional spill and the constant presence of your bare feet have made the carpet, well, gross.
Unless you’re cleaning the carpet regularly, it’s going to show signs of heavy use. And if you have carpet everywhere, you probably aren’t paying to have it cleaned regularly.
Wall-to-wall carpet all over the house can make buyers wary. Diversify yourtypes of flooring. Make sure you have some hardwood, some laminate, and leave the carpet to the bedrooms.

3. Excess clutter
Believe it or not, there’s a threshold of messiness that can start to bring down your property value. It’s human psychology. If someone is walking through your house, it’s hard to see the potential to make it their house with all your stuff strewn about. Why should they pay full price for a home they can’t identify with? Most of us don’t realize how much clutter we’ve accumulated over the years. Some people are great at hiding it. But just as you clean dust and dirt out of your home regularly, decluttering is crucial when you’re thinking about your property value.

4. Lack of updates
Potential buyers often prefer properties with modern amenities. Outdated features or appliances can make a property less desirable and may result in a lower selling price due to lack of interest. Similarly, a property with outdated heating or cooling systems may be viewed as less energy-efficient, which can increase utility costs for the buyer and result in fewer offers.

5. Unnecessary or poorly done 'upgrades'
While additions and home improvement projects often add value to your home, they don’t always add value. First off, if you want to add a deck, extend the kitchen, or remodel the bathroom, hire a professional unless you’re 100% positive you can do professional-grade work. Even if you’re very good at DIY projects, big remodels and renovations have a hundred little things that could go wrong. You might be able to live with a crooked fixture or some poorly laid tile, but most prospective buyers won’t be. Other undesirable projects include ripping out a  closet or bathroom to expand a bedroom or converting a garage into an extra living space. Most buyers would prefer a closet or a bathroom over an extra-large
bedroom, and most buyers expect a garage to be a place to park their cars and store their tools. In short, renovating or remodeling your home can be a smart way to add value, but don’t start a project without considering what you’re losing by making a change.
A house is the most important investment most people make in their lifetimes. It’s only natural to think of ways to improve the value. But if you don’t have the time or resources for major home improvements, you can at least avoid doing things that bring down property  value. It’s good to be aware of the factors outside your front door that may bring down your property value.

6. Bad neighbors
Believe it or not, your neighbors could hurt your property value. A neighbor with junk all over the yard, an ugly house, or loud dogs or frequent parties next door all could make someone less inclined to buy your house, thereby lowering its value. You’re entitled to know a little bit about your new neighbors, so make sure to ask for any necessary disclosures.

7. Address suffix
Another strange one, the name of the street you live on couldincrease your property value by up to 36%. Research shows that homes on boulevard, place, and road addresses have higher values than streets, drives, and avenues.

8. Lack of curb appeal
We’re casting a wide net with this one because “curb appeal” is a pretty general statement.Curb appeal refers to the impression people get when seeing the home. A home with nice curb appeal entices prospective buyers and helps sell your home faster.A home that looks like it needs work from the outside inspires doubts in buyers and may cause some buyers to not even look at your home. Plus, it’s going to fall on them to make the house look nice again, which may encourage them to reduce their offer.

Here are some tips to improve curb appeal:
Update the exterior paint with a fresh coatand attractive color. Update the exterior lighting with new fixtures. Update your worn fence with a prettier one.
Hire a professional landscaper before putting your house on the market to get the front yard in great shape. Wash the windows and siding.

Market conditions can have a disproportionate impact on property values. The good news is: property values tend to increase in the long run. The national home value appreciation average is 3.5% to 3.8% each year, but that is far from a hard and fast rule.
Different markets appreciate or depreciate at different rates. Here’s a breakdown of how to understand how the market may be devaluing your home.

9. Increasing mortgage rates
Low mortgage interest rates mean buyers can afford to spend more on a property because their
monthly mortgage payments will be less, lowering the overall cost of a loan. As such, increasing interest rates lower the purchasing power of prospective buyers. When the collective purchasing power of buyers is lower, people can’t pay as much for your home since they will have to pay more interest fees over the lifetime of the mortgage. It’s less likely someone will pay over asking price because the pool of prospective buyers shrinks. As such, when interest rates are high, you may have to list your home for less than you’d like in order to appeal to more buyers.

10. Neighborhood foreclosures and short sales
One of the primary factors home appraisers and real estate agents use to determine the value of your home is by analyzing recent sales of comparable properties in your neighborhood. If those properties are sold under foreclosure, that’s bad news for your property value. Consider this: Your home has four bedrooms, three bathrooms, and is 2,000 square feet. One comparable home in the neighborhood sold for $450,000 and another sold for $435,000. A third, however, was foreclosed on and sold for just $250,000. That third sale drives down the average price of comparable homes in your area, meaning your home will probably appraise for less. If a neighborhood has a number of foreclosures or short sales, it doesn’t really matter whether those homes are comparable to yours or not. Multiple foreclosures or short sales make prospective buyers wonder if a neighborhood is stable or if they can trust the investment potential of a home. Even if buyers are interested, they’ll want to negotiate the price down due to the apparent volatility of the area.

Message from the Association

The 2023 Fiscal year is coming to an end. If you are interested in your community and it’s
future, Please consider being a part of the Homeowners Association
Board. You can email us on the website or contact our President, Willie Walton. Furthermore, If
you have any concerns, please contact the association through the website
(LeesMillLandingHOA52@gmail.com) or at P. O. Box 111, Tyrone, GA 30290.