Real Estate Information Archive

Living in Omaha means embracing the beauty of the Missouri River while respecting its power. Are you looking for a home in Benson? Considering an investment property near Carter Lake, or thinking about a charming house in Florence? No matter what your situation, understanding flood zones isn't just smart – it's essential for protecting your most significant investment.

 

The Heim-Berg Team has been helping Omaha families navigate these waters for years, bringing deep local knowledge about everything from the 2011 Missouri River flood to the latest FEMA map updates that took effect in March 2025. Our expertise and experience enable clients to make informed decisions that protect both their financial interests and peace of mind.

 

The Reality of River City Living

Omaha's relationship with water runs deep – literally and figuratively. Situated along the mighty Missouri River, with the Elkhorn, Platte, and Papillion Creek systems weaving through the metro area, our city has seen its share of dramatic flood events. From the historic 1881 flood that expanded the Missouri River to five miles wide at Omaha to the unforgettable 2011 summer-long flood that lasted 101 days, water has shaped both our landscape and our real estate considerations.

 

The most recent major event, the 2019 "Heartland Flood," served as a stark reminder that Mother Nature doesn't follow property lines or respect development timelines. When the Elkhorn River crested at nearly 25 feet – more than 10 feet above flood stage – neighborhoods that thought they were safe found themselves dealing with unexpected challenges.

 

 

 

Understanding FEMA's New Flood Maps

Here's where things get interesting for current and prospective homeowners. FEMA released new flood maps for Omaha and its surrounding Douglas, Sarpy, and Cass counties, which took effect on March 25, 2025. These aren't just minor tweaks to old maps – they represent a complete overhaul based on sophisticated lidar technology and modern modeling that accounts for everything from increased urbanization to changing rainfall patterns.

 

The Papio-Missouri River Natural Resources District officials estimate that some homeowners who never needed flood insurance before could now face requirements for coverage costing $300 to $400 per month. That's a significant budget consideration that can affect both buying decisions and ongoing homeownership costs.

 

On the other hand, some properties located in high-risk zones have been previously exempted from flood zone requirements, potentially saving homeowners thousands of dollars in annual insurance costs. It's a mixed bag that requires careful analysis of each specific property.

 

What These Zone Changes Mean for You

The new flood maps incorporate decades of data about how Omaha has grown and changed. As Amanda Grint from the Papio-Missouri River NRD explains, increased development means more rooftops and concrete, which creates more runoff and affects flood patterns throughout the metro area. Areas like Saddle Creek, which weren't previously mapped in floodplains, now find themselves in designated flood zones.

 

One longtime Omaha homeowner recently discovered that their Benson-area property, which had never required flood insurance in 30 years of ownership, now falls into a flood zone that needs coverage. While initially frustrated, they came to appreciate having a clear picture of their actual risk rather than operating under outdated assumptions.

 

Decoding the Flood Zone Alphabet Soup

Understanding flood zone designations doesn't require an engineering degree, but it does help to know the basics. Zone AE areas face a 1% annual chance of flooding – that's what FEMA refers to as the "100-year flood." However, it's really about probability, not timing. These high-risk areas require flood insurance for federally backed-mortgages.

 

Zone X areas have a lower risk, either a 0.2% annual chance of flooding or areas protected by levees. While insurance isn't required in these zones, many savvy homeowners opt to carry coverage anyway, especially given Omaha's history of flooding.

 

It's important about to work with local experts who understand both current conditions and long-term trends to navigate the tricky parts. For example, did you know that these designations can change as new data becomes available and communities evolve and grow?

 

The Real Cost of Flood Insurance

Let's discuss numbers, as flood insurance costs vary significantly based on multiple factors. Under FEMA's newer Risk Rating 2.0 system, individual property characteristics matter more than ever. Your specific elevation, distance from water sources, and even the type of foundation for your home all influence pricing.

 

When a property is located in a high-risk zone, annual premiums can range from a few hundred dollars to several thousand, depending on the coverage levels and specific property details. However, FEMA offers discounts for homes built to particular standards, properties with proper flood vents, and located in communities that participate in the Federal Community Rating System, which Omaha does.

 

Here's an insider tip from experienced Omaha real estate professionals: even if you're not in a mapped flood zone, consider flood insurance anyway. Standard homeowner's insurance typically doesn't cover flood damage, and approximately 25% of flood claims originate from properties located outside high-risk zones. The cost of coverage in lower-risk areas can be surprisingly affordable, sometimes less than $200 per year.

 

Omaha's Flood Protection Infrastructure

Understanding flood zones also means appreciating the extensive infrastructure protecting our community. Omaha maintains a 13-mile levee and floodwall system that protects the eastern part of the city, including Eppley Airfield. The system performed admirably during the 2011 flood when the river crested at over 36 feet, well below the levee's capacity.

 

The Papio-Missouri River Natural Resources District continues investing in flood control projects throughout the metro area. Recent improvements include new reservoirs and enhanced drainage systems that help protect neighborhoods from both river flooding and urban runoff during heavy rainfall events.

 

These protection systems factor into flood zone determinations and insurance costs. Properties may qualify for reduced insurance rates if certified levee systems protect them, while areas without protection face higher risk classifications.

 

Climate Considerations and Future Planning

Today's flood maps incorporate not just historical data but also projections about changing weather patterns. Omaha has experienced more intense rainfall events in recent years, with the kind of "bomb cyclone" that caused the 2019 flooding becoming more common.

 

The new FEMA maps account for these trends, which explains why some areas that never flooded historically now carry flood zone designations. It's not fear-mongering – its risk management based on the best available science and local observations.

 

Climate experts, such as South Dakota's state climatologist, Dennis Todey, remind us that major flooding isn't a matter of if but when. While we can't predict precisely when the next major event will occur, we can plan intelligently for the reality that it will happen eventually.

 

Navigating Property Purchases in Flood-Prone Areas

Does being in a flood zone mean you shouldn't buy a particular property? Not necessarily. Some of Omaha's most desirable neighborhoods have flood considerations, and many properties in flood zones have never actually experienced flooding. The key is making informed decisions with full knowledge of the risks and costs involved.

 

When comparing and evaluating properties, consider factors beyond flood zone designations. For example, has the specific property flooded before? What's the elevation relative to nearby water sources? Are there planned infrastructure improvements that might affect future risk? Has the property been modified with flood-resistant features?

 

One successful client/investor specializes in Omaha properties near the Missouri River, but only invests after extensive due diligence about elevation, flood history, and insurance costs. By factoring these considerations into purchase prices and rental rates, they've built a profitable portfolio while managing risk appropriately.

The Insurance Shopping Strategy

If you do need flood insurance, don't assume all policies are identical. While FEMA provides most flood insurance through FEMA's National Flood Insurance Program, private flood insurance options are becoming increasingly available and sometimes offer better coverage or pricing.

 

Work with insurance agents familiar with Omaha's specific flood considerations. They understand local factors, such as how proximity to levees affects pricing, which areas have experienced repeated claims, and how property improvements can reduce premiums.

 

Remember that flood insurance policies have a 30-day waiting period before taking effect, so you can't wait until storms are approaching to purchase coverage plans, especially if you're buying in a flood zone.

 

Making Smart Decisions with Local Expertise

The complexity of flood zone considerations makes local expertise invaluable. Our team has lived and worked in Omaha for many years. Accordingly, the Nancy Heim-Berg Team understands current flood maps, having lived through Omaha's flood events, worked with clients on insurance claims, and helped families make informed decisions about their flood risk.

 

Over the years, we've come to understand which neighborhoods have consistently remained dry, even during significant events, which areas have experienced repeated issues, and how infrastructure improvements affect long-term property values. This institutional knowledge enables clients to avoid costly surprises and identify properties that align with their risk tolerance and budget.

 

When evaluating properties, they help clients understand not only the current flood zone status but also factors such as planned drainage improvements, historical flood patterns, and how changes in upstream development might impact future risk.

 

The Bottom Line on Flood Zone Considerations

Living in Omaha means accepting that water is part of our story, but it doesn't mean accepting unnecessary risk. Understanding flood zones, insurance requirements, and mitigation options enables you to make informed real estate decisions that protect your investment and your family.

 

The new FEMA flood maps, effective since March 2025, provide the most accurate picture yet of flood risk throughout the metro area. While some properties face new requirements, others benefit from updated science that more accurately reflects their actual risk level.

 

Flood zones are an integral part of the due diligence process that helps ensure your real estate decisions stand the test of time – and weather. If you're buying your first home, relocating to Omaha, or investing in rental properties, prioritizing flood zone awareness is essential.  

 

You're successful real estate transaction depends on whether you work with professionals who understand flood zone complexities and can guide you through the process with confidence. In a city shaped by rivers and resilience, knowledge truly is power when it comes to making smart real estate decisions.

 

Ready to navigate Omaha real estate with confidence? Nancy Heim-Berg and The Heim-Berg Team bring the local expertise you need to make informed decisions about flood zones, insurance, and property values.

Contact The Heim-Berg Team today:

Phone: (402)677-9024

Website: https://www.omahaarealiving.com/

Let Omaha's real estate experts help you find the perfect property while protecting your investment from day one!

America is undergoing a significant shift in housing, and Omaha, Nebraska, is at the forefront of this change. Multi-generational living, which was once the norm in previous generations, has returned as families seek creative solutions to rising housing costs, caregiving needs, and the desire to maintain closer family connections.

 

Did you know that the Heim-Berg Team has witnessed this evolution firsthand and has helped many Omaha families navigate the unique challenges and opportunities presented by multi-generational housing needs?

 

As longtime residents and expert real estate advisors in the Omaha metropolitan area, The Heim-Berg Team understands that today's housing market requires innovative approaches to meet the changing needs of families. The traditional single-family home model, while still popular, no longer serves the needs of every family as effectively as homes designed or adapted for multi-generational living arrangements.

 

How much do you know and understand about the multi-generational housing movement? In Omaha, several converging factors—reflecting both national trends and local market conditions — are driving this trend. Multi-generational housing encompasses a variety of living arrangements where multiple generations of the same family share a single property or reside nearby on the same lot.

 

Economic considerations play a significant role in this evolution of housing. Rising home prices, student loan debt, and caregiving costs for aging parents create financial pressures that make shared housing arrangements an increasingly attractive option. We're seeing young adults struggling to afford their first homes find that living with parents or grandparents allows them to save for down payments while contributing to household expenses.

At the same time, their parents and grandparents benefit from shared costs and the security of having family nearby. The demographic trends in Omaha mirror national patterns, showing increased interest in multi-generational arrangements. Recent surveys indicate that nearly 20% of Americans now live in multi-generational households, representing a 15% increase over the past ten years.

 

Specific Omaha neighborhoods where housing costs have increased make shared arrangements practical and appealing for some families. Beyond financial motivations, many families opt for multi-generational living for the enhanced family connections and support systems it offers.

 

Grandparents play increasingly active roles in childcare, which enhances both their lives and those of the children. At the same time, we're seeing adult children assist aging parents with daily activities and healthcare management. This arrangement often proves beneficial for all generations involved, providing emotional support and practical assistance that enhances the quality of life.

 

Accessory Dwelling Units, commonly known as ADUs, are becoming one of the most popular, flexible solutions for multi-generational housing needs in Omaha. These secondary housing units on single-family residential properties provide independent living spaces while maintaining family proximity and connection.

 

ADUs take various forms, from converted garages and basement apartments to purpose-built small homes in backyards. ADU flexibility can be highly appealing for those seeking a multi-generational solution. If you think about it, adult children can house aging parents who want independence while remaining close to family support, young adult children saving for their own homes, or even serve as rental income sources when family circumstances change.

 

Thankfully, we've seen Omaha's zoning regulations evolve to accommodate the growing interest in Accessory Dwelling Units (ADUs). Nevertheless, we've found that working through the approval process requires an understanding of local requirements and restrictions. To the point that different neighborhoods have varying regulations regarding ADU size, parking requirements, and design standards. Some areas of Omaha have embraced ADUs more readily than others, creating opportunities for families willing to explore these options.

 

The financial benefits of ADUs extend beyond their utility for family members. When not in use for family purposes, these units can generate rental income that helps offset mortgage payments and property taxes. In Omaha's current rental market, well-designed Accessory Dwelling Units (ADUs) can command monthly rents ranging from $800 to $1,500, depending on size, location, and amenities.

 

Additionally, ADUs often increase overall property values, with some studies showing increases of 20-30% for properties with well-designed accessory units. Construction costs for Accessory Dwelling Units (ADUs) in Omaha typically range from $75,000 to $200,000, depending on the size and finish level. While this represents a significant investment, many families find that the long-term benefits – both financial and personal – justify the initial expense.

 

We're finding that some neighborhoods are becoming preferred for multi-generational housing. Certain neighborhoods are growing in popularity for those looking for multi generational houisng arrangements, often due to their combination of amenities, accessibility, and housing stock that accommodates flexible living arrangements well.

 

The Benson neighborhood has attracted many multi-generational families due to its diverse housing options, including larger older homes that can accommodate extended families and properties with space for ADU development. The area's ongoing revitalization has brought new amenities while maintaining affordability relative to other parts of Omaha.

 

Another area we see growing in popularity is Midtown Omaha. We feel Midtown is attracting multi-generational buyers due to its walkable neighborhoods, proximity to healthcare facilities, and variety of housing types. The area's established infrastructure and community services make it particularly appealing for families with older adults who may have mobility considerations.

 

West Omaha neighborhoods, such as Elkhorn and Gretna, have seen increased interest from multi-generational families seeking newer construction with flexible floor plans. Recent developments in these areas include homes designed with separate living suites or bonus rooms that homeowners can easily convert into new independent living spaces.

 

The Blackstone District also appeals to families looking for multi-generational potential and urban conveniences. The neighborhood's walkability, restaurants, and entertainment options create an environment where different generations can enjoy shared activities while maintaining their independence.

 

Successful multi-generational housing arrangements require thoughtful design considerations that strike a balance between privacy and connection. Homes that work well for extended families typically incorporate specific features that accommodate the needs and preferences of different generations.

 

Separate entrances provide crucial independence for multi-generational arrangements. Whether achieved through traditional front and back entrances or purpose-built secondary entries, this feature allows family members to maintain their routines without disrupting others. Many Omaha families have successfully converted existing homes by adding exterior stairs to basement levels or creating new entrances to upper floors.

 

Kitchen flexibility represents another critical design element. Some multi-generational homes benefit from multiple kitchen spaces – perhaps a full kitchen for the main household and a kitchenette for independent family members. Other successful arrangements feature large, open kitchens designed to accommodate multiple cooks and family meal preparation.

 

Bathroom accessibility becomes increasingly essential when older adults are part of the household. First-floor bathrooms with accessible features, including grab bars and walk-in showers, enhance safety and independence. Many Omaha homeowners have discovered that bathroom modifications not only meet the immediate needs of their families but also enhance the home's appeal to future buyers.

 

Living space separation allows different generations to enjoy their preferred activities without conflict. Now, homeowners are considering soundproofing between floors, creating dedicated entertainment areas, or designing homes with multiple family rooms that serve different purposes and age groups.

 

The financial implications of multi-generational housing extend well beyond the initial purchase or modification costs. Families considering these arrangements should evaluate both short-term expenses and long-term economic benefits to make informed decisions.

 

Shared housing expenses can significantly reduce the financial burden for the whole family. When multiple adults share Mortgage payments, utilities, property taxes, and maintenance costs, the result is substantial savings over separate housing arrangements. For many Omaha families, this cost-sharing enables them to afford larger, higher-quality homes than they could manage independently.

 

Caregiving cost savings represent another significant financial benefit. Professional in-home care or assisted living facilities can cost thousands of dollars monthly. At the same time, multi-generational arrangements allow families to provide care while maintaining independence. This arrangement often proves more satisfying for older adults while reducing financial stress for all parties involved.

 

Well-designed, multi-generational features enhance property values, particularly when such arrangements are standard and widely accepted. Property values vary significantly, depending on the specific modifications made and the neighborhood in which the home is located. However, highly specialized modifications might limit the appeal to future buyers, making professional guidance essential when planning significant changes.

 

The tax implications of multi-generational housing arrangements can be complex, particularly when family members share or split rental payments or when Accessory Dwelling Units (ADUs) generate income.

 

We advise our clients to consult with tax professionals to help you define the official arrangements and maximize benefits while also ensuring compliance with applicable regulations.

 

Accessory Dwelling Units (ADUs) living arrangements, although beneficial, present unique challenges that successful families learn to navigate through effective planning and open communication. Understanding these potential issues helps families prepare for smoother transitions and more positive experiences.

Are you aware of the challenges associated with Accessory Dwelling Units (ADUs)? In many multi-generational arrangements we've worked with, Privacy concerns often top the list of challenges.

 

Different generations have different expectations about personal space, social activities, and household routines. To create successful arrangements, we typically advise our clients to communicate clearly about boundaries, shared spaces, and individual needs before problems arise.

 

Without proper planning and preparation, lifestyle differences between generations can create friction. Family members have different sleep schedules, entertainment preferences, cooking habits, and social activities, which require them to compromise and develop accommodations. Many families find that establishing household guidelines and expectations helps prevent conflicts.

 

Financial arrangements require clear agreements to prevent misunderstandings and ensure transparency. Whether involving rent payments, utility contributions, or shared expenses for home improvements, written agreements help ensure all parties understand their responsibilities and expectations.

 

Understanding local regulations and obtaining the proper permits protects families from Zoning and legal considerations that can complicate multi-generational arrangements, particularly when making significant changes, modifications, and updates to accommodate ADUs. We also protect our clients from legal issues by ensuring all changes and upgrades meet required safety standards.

 

The demand for multi-generational housing solutions in Omaha is continuing to grow, driven by demographic trends, economic factors, and shifting family preferences.

Data we've reviewed recently shows that Omaha's aging population demographics support the increasing demand for multi-generational housing arrangements. As baby boomers age, many prefer to remain in their communities while receiving family support rather than moving to institutional facilities. As this latest trend continues to expand, the demand for innovative, creative housing solutions that cater to these preferences also grows.

 

Additional data we've reviewed shows that rising housing costs in Omaha, while still moderate compared to coastal markets, make shared arrangements increasingly attractive for young adults. Student loan debt, delayed marriage, and career establishment periods often extend the time young adults live with their families, creating a demand for housing that accommodates these arrangements comfortably.

 

The construction industry's response to multi-generational demand is beginning to appear in new developments around Omaha. Some builders now offer floor plans specifically designed for extended families. In contrast, others provide options for easily converting spaces to accommodate changing family needs.

 

How can technology help address some traditional challenges of multi-generational living arrangements? Technology integration can be a big help. We've seen smart home systems accommodate various preferences for temperature, lighting, and security while still allowing for individual control.

 

How necessary is professional guidance for navigating the multi-generational housing market? To successfully navigate Omaha's multi-generational housing market, you'll need expertise in various areas, including zoning regulations, construction requirements, financing options, and neighborhood characteristics. When you partner with knowledgeable real estate professionals, families can create successful multi-generational housing outcomes.

Nancy Heim-Berg and The Heim-Berg Team bring extensive experience in Omaha real estate to the table. This experience includes helping families identify properties suitable for multi-generational arrangements and a complete understanding of existing home modifications. We are familiar with neighborhood characteristics, zoning regulations, and market trends, which prove invaluable for families exploring these rapidly evolving housing options.

 

Understanding financing options for multi-generational housing can be complex, particularly when renovations or ADU construction are involved. Different loan programs may be applicable depending on the intended use of the additional living spaces and the family's specific circumstances. Professional guidance helps families navigate these options effectively.

 

Contractor and service provider recommendations become crucial when modifying homes for multi-generational use. The Heim-Berg Team maintains relationships with qualified professionals who understand the unique requirements of multi-generational housing projects and can deliver quality results within reasonable timeframes and affordable budgets.

 

Successful families typically evaluate their situations thoroughly before committing to these arrangements. Choosing multi-generational housing arrangements represents a significant decision that affects multiple family members and requires careful consideration of various factors.

 

Family dynamics assessment helps determine whether multi-generational living will enhance or challenge family relationships. An honest evaluation of communication patterns, conflict resolution abilities, and individual space needs provides insight into the likelihood of successful arrangements.

 

Understanding timing requirements helps identify appropriate housing options and modification strategies, as timeline considerations affect both housing choices and family planning. Some families require immediate solutions for aging parents or young adults, while others have a more extended timeframe for planning their transitions.

 

Location priorities may differ among family members, requiring compromise and creative solutions. Proximity to work, schools, healthcare facilities, and social activities affects the quality of life, depending on the generational requirements of the family member. Successful arrangements often involve locations that reasonably serve the needs of multiple family members.

 

Budget planning requires consideration of both short-term and mid-term costs, as well as the long-term financial impact. We always advise families to create a realistic assessment of available resources, ongoing expenses, and potential savings so that they can make informed decisions about affordable options.

 

Multi-generational housing trends in Omaha reflect the changing needs and economic realities of families, making shared arrangements increasingly attractive for many households. Whether driven by financial benefits, caregiving requirements, or the desire for closer family connections, these arrangements offer creative solutions to modern housing challenges.

 

Nancy Heim-Berg and The Heim-Berg Team bring decades of Omaha real estate experience to guide families through complex multi-generational housing challenges. Our comprehensive understanding of local neighborhoods, zoning requirements, and market conditions, makes us your ideal partner.

 

From identifying properties with multi-generational potential to understanding the renovation and financing processes, The Heim-Berg Team provides the expertise and support necessary so that families can make informed, successful decisions. We possess extensive knowledge of Omaha's diverse neighborhoods and housing stock, which enables us to help families find solutions that meet their unique needs and preferences.

 

Ready to explore multi-generational housing options that could benefit your family? Contact Nancy Heim-Berg and The Heim-Berg Team today to discuss your specific needs and discover the opportunities available in Omaha's evolving housing market.

Phone: (402) 677-9024

Website: https://www.omahaarealiving.com/

Nancy Heim-Berg and The Heim-Berg Team – Your trusted advisors for innovative housing solutions in Omaha.

 

As the tulips begin their annual appearance across Omaha neighborhoods and the College World Series preparations get underway, our real estate market is shifting into its most dynamic period. The seasonal rhythms of Omaha's housing market are as distinctive as our city itself, and understanding these patterns can make all the difference in your real estate journey.

 

We have our finger on Omaha's unique seasonal property pulse. While real estate markets everywhere experience seasonal fluctuations, Omaha's patterns have their Midwestern character. Having guided countless clients through these cycles, we've observed how our city's market responds to weather patterns and the specific cultural and economic factors that make Omaha special.

 

Spring in Omaha traditionally kicks off the most competitive buying season, but it's a complex period with distinct phases. Early Spring (March-April) differs significantly from late Spring (May-June), offering different advantages depending on your goals. As we move into summer, new opportunities emerge that many buyers and sellers overlook.

 

This Spring has proven particularly interesting. Inventory levels across Omaha neighborhoods are about 7% higher than last year but well below pre-pandemic norms. This has created "micro-markets"—pockets of opportunity within specific communities and price points that don't necessarily follow the broader trends.

 

Aksarben and Dundee continue to see properties move within days of listing, often with multiple offers. Meanwhile, areas like Millard and western Omaha are experiencing slightly longer days-on-market with more room for negotiation. This neighborhood-by-neighborhood variation is more pronounced this year than in recent seasons.

 

This means the strategy needs to be hyperlocal for buyers. The approach that works for a Benson bungalow won't apply to a new construction of Papillion. We're helping our clients craft neighborhood-specific approaches rather than a one-size-fits-all seasonal strategy.

From mid-May through June, Omaha traditionally experiences its most competitive market conditions in late Spring. Several factors drive this intensity: school year endings that allow for summer moves, better weather for house-hunting, and properties showing at their best with green lawns and blooming gardens.

 

This year, median days-on-market in desirable areas hover around 4 days, with homes in the $250,000-$350,000 range moving remarkably quickly. Multiple offer situations remain common, though not quite at the frenzied levels of 2021-2022.

 

This period offers maximum exposure for sellers, but it's not without challenges. The increased competition means your property needs to stand out. Professional photography, strategic pricing, and proper preparation become even more critical during this high-volume season.

 

We recently helped the Johnsons sell their Aksarben split-level after preparing it with targeted updates to the kitchen and main bathroom. Despite being surrounded by new listings in their neighborhood, their property received four offers within 48 hours. It closed at 6% above the asking price. The difference came down to preparation and precise timing – listing on a Wednesday to capture maximum weekend traffic rather than joining the crowd of Friday listings.

 

This year, we see a particular opportunity window in the summer market, specifically late June through July. Historically, many Omaha residents assume the market slows dramatically after the spring rush. Still, our data tells a more nuanced story.

 

While the quantity of listings typically declines from late June onward, the quality of buyers often improves. Summer buyers tend to be more serious and decisive. The "casual browsers" who swell open house attendance in Spring are less prevalent, leaving a pool of motivated purchasers who often have specific timelines driving their search.

 

This can mean a less hectic process with higher-quality showings for sellers. For buyers, the slightly reduced competition can create windows for negotiation that don't exist during the spring peaks. Interest rates have also historically shown patterns of minor dips during summer months, though this is never guaranteed.

Last summer, we helped the Garcias purchase their dream home in the Elkhorn district after they had nearly given up following three unsuccessful spring offers. By adjusting their search to July, they encountered a perfect property that other buyers had overlooked because they were fixated on spring transactions. Not only did they avoid a bidding war, but they were also able to negotiate favorable terms around closing timing. They included appliances that are flexible and rarely seen during peak season.

 

The College World Series Effect is A fascinating Omaha-specific factor we've observed over years of market analysis. We see the "CWS pause" – a brief but noticeable slowdown in transaction activity during the College World Series. Local sellers often delay listings until after the event concludes, creating a minor inventory surge in late June that savvy buyers can leverage.

We see this pattern in neighborhoods surrounding the downtown and midtown areas, where residents may be renting properties or simply avoiding the hassle of showings during the tournament. Opportunities emerge with less competition for buyers willing to house-hunt during this busy community period.

Omaha's highly regarded school districts significantly influence our seasonal patterns because timing is everything for families with children. Families strongly prefer to close on new homes before school registration deadlines, creating predictable surges in demand for properties within desirable districts like Elkhorn, Millard, and Westside.

 

Most Omaha districts require registration to be completed by early August 2025.  This means peak contract activity in June, with slight easing afterward. Buyers focused on specific schools should be ready for this timeline acceleration. At the same time, those with flexibility might find advantages in house hunting after the deadlines pass.

 

We've used a variety of creative approaches in our negotiations as we responded to this year's competitive dynamics. A tactic that worked for clients was adding rent-back arrangements or expedited closings. We're helping several families navigate this challenge, aligning closing dates with registration requirements while balancing the season's competitive dynamics.

 

Strategic preparation makes all the difference for sellers preparing to enter the market in the coming weeks. While spring listings benefit from fresh landscaping and natural light, summer properties need attention to different details.

 

Cooling and comfort become paramount as temperatures rise. Ensure HVAC systems are serviced and functioning properly—buyers touring on 90-degree days will immediately notice if cooling is inadequate. Creating comfortable outdoor spaces with shade options can transform a standard showing into an immersive lifestyle experience.

 

We advise our selling clients to emphasize outdoor living features that showcase summer enjoyment—patios, decks, and gardens become even more valuable selling points. Timed for golden hour lighting, professional photography can capture these spaces in their most appealing way.

 

Perhaps the most valuable insight we can share from our years of Omaha market experience is that conventional wisdom about "best times to buy or sell" often misses the nuance of individual situations. While broad patterns exist, the ideal timing for your specific transaction depends on numerous personal factors beyond seasonal trends.

 

We're seeing increasing success with countercyclical strategies, particularly for move-up buyers who must sell and purchase simultaneously. By selling during peak demand periods and buying during slight lulls, these clients leverage seasonal differences to their advantage.

 

Investors particularly benefit from understanding these seasonal fluctuations. Several of our investor clients specifically target acquisitions during early July, when sellers who missed the spring peak may be more amenable to negotiations.

 

Here's the Heim-Berg Team Forecast: Looking ahead to the remainder of 2025, we're anticipating several key trends that will influence Omaha's seasonal patterns:

 

Interest rate fluctuations may cause brief increases in activity as buyers seek favorable rates.  This rate sensitivity often overrides traditional seasonal patterns, creating opportunity windows that savvy buyers can leverage.

 

New construction completions, particularly in western Omaha and Sarpy County, are scheduled to accelerate in late summer. This could ease inventory constraints in specific price points and offer alternatives for buyers who missed spring opportunities.

The ongoing urban revitalization projects in Blackstone, North Downtown, and the Riverfront shift traditional neighborhood desirability patterns, creating year-round demand in previously seasonal markets. Properties in these transforming areas increasingly operate on their cycles, somewhat disconnected from broader seasonal trends.

 

What makes Omaha's real estate market both challenging and rewarding is how personalized each transaction must be. Cookie-cutter approaches don't work when neighborhoods just miles apart can operate under dramatically different conditions.

 

Having guided clients through multiple market cycles in virtually every Omaha neighborhood, the Nancy Heim-Berg Team brings data analysis and contextual understanding to create your personalized seasonal strategy. We believe in combining market intelligence with deep client consultation to develop timing strategies aligned with both market conditions and personal needs.

 

Are you considering entering this competitive spring market, planning a summer transaction, or even further ahead? We're committed to providing the nuanced, neighborhood-specific guidance that Omaha's unique market demands.

 

The Nancy Heim-Berg Team is here to guide you through every season of our unique Omaha market. We’re ready to develop your personalized seasonal strategy for buying or selling. Contact us at (402) 677-9024 or visit www.https://www.omahaarealiving.com to discuss the perfect timing for your real estate goals.

 

Why do I believe the Silicon Prairie Will Outshine the Sun Belt in 2025? Well, friends, it’s because the secret's finally out! Our beloved Omaha has just been ranked among the top 10 real estate markets to watch in 2025 and let me tell you, it's been a long time coming. While everyone's been focused on those crowded Sun Belt cities, we've been quietly building something special in the heartland.

Let's talk about the numbers that are turning heads. Did you know that national analysts are excited about Omaha and her potential? While Sun Belt markets are seeing price plateaus and rental slowdowns, Omaha shows remarkable stability and growth. Our median home prices have increased by a steady 7.2% year-over-year without the dramatic spikes that have caused affordability issues in places like Phoenix and Austin.

What's interesting is that our average time on the market is just 14 days, compared to 45+ days in many Sun Belt cities. And with an average price per square foot of $165, we offer incredible value compared to markets like Nashville ($275) or Austin ($295).

So, what's driving our growth? Remember when they started calling us the Silicon Prairie? Well, that nickname's proving prophetic. Our tech sector is booming, with companies like Toast, LinkedIn, and Facebook expanding their presence here. But it's not just tech—Mutual of Omaha's new downtown headquarters and the continued growth of our medical corridor are creating high-paying jobs and attracting young professionals in droves.

Speaking of young professionals, here's a statistic raising eyebrows: our 25-34-year-old population has grown by 12% in the last year alone. That's more than twice the growth rate of popular cities like Tampa and Charlotte.

While investors have been fighting over properties in Phoenix and Miami, our market has quietly become the Investment Opportunity Everyone Missed, offering remarkable stability with growth potential. Our rental market is showing a healthy 5.8% annual return, but here's the kicker – our vacancy rates are sitting at just 3.2%, well below the national average of 5.9%.

Want to know what sets us apart? Property taxes in Douglas County are about 30% lower on average than comparable markets in Texas and Florida. When you factor in our lower insurance rates (we don't have hurricanes, folks!), the total cost of ownership makes Omaha look mighty attractive.

Meanwhile, keep an eye on the following neighborhoods. Blackstone District's continued renaissance perfectly exemplifies what makes Omaha unique. Although property values here have increased 15% in the last year, we still see opportunities for renovation and value-added investments. The same goes for Benson, where new restaurants and entertainment venues drive demand for residential and commercial property.

Downtown and the Capitol District are writing their own success story. With the streetcar project breaking ground and new development announcements seemingly every week, we see property appreciation rates of 9-11% annually in these areas.

 National analysts are finally figuring out That Omaha is not just another boom town.

We're built differently. While Sun Belt cities are dealing with infrastructure strain and water concerns, we've got capacity for growth. Our cost of living remains 12% below the national average, even as we add amenities and attractions.

The numbers tell the story: our unemployment rate is 2.8%, we're seeing steady job growth at 3.2% annually, and our local GDP growth outpaced the national average by 1.5% last year. These aren't boom-and-bust statistics—they're indicators of sustainable development.

If you're already a homeowner in Omaha, congratulations! Your home's equity has likely grown by 18-22% in the last two years. But here's the best part: analysts are projecting a 6-8% annual appreciation over the next three years. That's not the double-digit growth some markets saw during the pandemic, but it's sustainable and real.

For investors, our market offers something increasingly rare: properties that still follow the 1% rule (monthly rent equals 1% of purchase price) in solid neighborhoods. Try finding that in Austin or Tampa these days!

So, watching the horizon, what's next for Omaha? The next few years look bright for our city. The new airport terminal, expanding streetcar system, and continued riverfront development add value to our real estate market. Major employers are expanding, and our universities are reporting record enrollment numbers.

We're seeing increased interest from out-of-state investors, but here's the good news: there's still plenty of opportunity. Unlike some markets where institutional investors have snapped up much of the available property, Omaha still has room for individual investors and first-time homebuyers.

Finally, we might not have palm trees or ocean views, but we've got something better—a real estate market that makes sense. Currently, Sun Belt States face affordability issues, strained infrastructure, and climate concerns. Omaha, NE, offers something completely different: Sustainable growth, strong fundamentals, and genuine community value make our market extremely attractive. 

If you've been waiting on the sidelines, now might be the time to move. Unlike the Sun Belt States, Omaha's market strength isn't based on speculation or temporary trends—it's built on the solid Midwestern foundation of strong fundamentals and innovative growth strategies. And that's something worth investing in.

Want to learn more about specific investment opportunities in Omaha? Contact The Heim-Berg Team: 📱 402-677-9024 🌐 www.OmahaAreaLiving.com Your Omaha neighborhood experts will help you discover the perfect property in this historic community or provide detailed market analysis and investment strategies tailored to your goals.

 

Are you eyeing that perfect home in a beautifully maintained neighborhood? Chances are, it might be part of a Homeowners Association (HOA). While HOAs can offer numerous benefits, they also come with their own considerations. Before you sign on the dotted line, let's dive into what you need to know about buying a home in an HOA community.

 

What Exactly is an HOA?

First things first: an HOA, or Homeowners Association, is an organization in that makes and enforces rules for the properties and their residents. When you purchase a home in an HOA community, you will automatically become a member and be required to pay dues, known as HOA fees.

 

The Pros of HOA Living

1. Maintained Common Areas: HOAs often care for community spaces, potentially including pools, parks, and clubhouses.
2. Consistent Neighborhood Appearance: Rules about property upkeep can help maintain property values.
3. Dispute Resolution: HOAs can mediate conflicts between neighbors.
4. Amenities: Many HOAs offer amenities like fitness centers or community events.
5.  

The Potential Drawbacks

1. Costs: HOA fees can add significantly to your monthly housing expenses.
2. Restrictions: There may be rules, from paint colors to pet ownership.
3. Special Assessments: You might face unexpected costs for major repairs or improvements.
4. Less Control: Some homeowners feel they need more support in what they can do with their property.

Key Considerations Before Buying

1. Review the CC&Rs (Covenants, Conditions & Restrictions) 📚

This document outlines all the HOA's rules and regulations. Read it carefully, and be sure you are comfortable with all the restrictions.

2. Examine the Financial Health of the HOA 💰

• Request and review the HOA's financial statements
• Check if there's an adequate reserve fund for future major expenses
• Ask about the history of special assessments
• 3.Understand the Fee Structure 💸
• What do the fees cover?
• How often can fees be increased, and by how much?
• Are there any planned increases shortly?
• Investigate the HOA's Management 🏢
• Is it self-managed or run by a professional management company?
• What's the reputation of the HOA among current residents?Check the Insurance Coverage 🛡️

Understand what's covered by the HOA's master policy and what you'll need to insure separately.

Attend an HOA Meeting 🤝

If possible, attend a meeting to get a sense of how the HOA operates and what issues are currently being discussed.

Review Recent HOA Minutes and Newsletters 📰

It's important to review these frequently for insight into issues and projects, both ongoing and upcoming, affecting the community.

Understand the Approval Process 📝

Learn how modifications to your home (like additions or exterior changes) are approved.

Ask About Pet Policies 🐾

If you have pets or plan to get them, understand any restrictions or rules.

Consider Resale Value 📈

While HOAs can help maintain property values, very restrictive HOAs might limit your pool of potential buyers in the future.

 

The Bottom Line

Living in an HOA community can offer numerous benefits, from maintaining common areas to creating a sense of community. However, going into the purchase with your eyes wide open is crucial. Understanding the rules, financial obligations, and potential restrictions will help you decide whether HOA living is right for you.

Remember, every HOA is different. What works for one homeowner might not work for another. That's why it's essential to do your homework and ask plenty of questions before deciding.

 

Need Help Navigating HOA Communities?

Buying a home in an HOA community can be complex, but you don't have to go through it alone. At The Heim Berg Team, we have extensive experience helping buyers find their perfect home, whether it's in an HOA or not. We can guide you through the process, help you understand the implications of HOA living, and ensure you have all the information you need to make the best decision for your future.

 

Ready to explore your options? Let's talk about finding your dream home – HOA or no HOA!

Contact The Heim Berg Team today:

• 📞 Phone: 402-677-9024
• 🌐 Website: www.OmahaAreaLiving.com

Your perfect home is out there; we're here to help you find it!

Purchasing a home is one of the most significant financial decisions in a person's life, and it can be an overwhelming process. The role of a mortgage broker becomes crucial in this scenario, especially in a market like Omaha, where the real estate landscape is diverse and the options are many. A mortgage broker is not just a facilitator for your mortgage; they can be the difference between a good and a bad investment, between a smooth transaction and a complicated one.

The Role of a Mortgage Broker

A mortgage broker serves as a middleman between you and potential lenders. The broker's job is to work on your behalf with several banks to find competitive interest rates that fit your needs. Mortgage brokers have a well-developed stable of lenders they work with, which can make your life easier.

Advantages of Using a Mortgage Broker

- Convenience: The convenience of having a mortgage broker cannot be overstated. They schedule appointments, and you can meet with them during your lunch break, in the evenings or even over the weekend.
- Access to a Variety of Loans: Brokers can find loans for a variety of situations, whether you're a first-time homebuyer, buying a second home, or looking for a multi-family investment property.
- Experience and Expertise: They bring years of experience and can explain the complexities of the mortgage process in layman's terms, helping you to make informed decisions.

How to Choose the Right Mortgage Broker

Choosing the right mortgage broker in Omaha requires careful consideration. Here are some detailed steps to guide you through this process:

1. Start with Referrals: Ask friends, family, and colleagues for referrals. Personal experiences can lead you to a trustworthy broker.
2. Check Qualifications: Ensure the broker is licensed and has a good standing with the National Mortgage Licensing System (NMLS).
3. Consider Their Lender Connections: Inquire about the broker's lender connections. A broker with a wide range of connections may find more competitive rates.
4. Evaluate Their Communication Style: Communication is key. You want a broker who is responsive and communicates clearly.
5. Understand the Fee Structure: Be clear about how the broker gets paid. Some are compensated by lenders, others by borrowers, and some by both.

Questions to Ask Potential Brokers

When interviewing mortgage brokers, consider asking the following questions:

- How do you find the best loan for my needs?
- What fees will I be responsible for at closing?
- Can you provide me with references from past clients?
- How do you handle rate locks?
- What is your process for keeping clients informed throughout the transaction?

The right mortgage broker can simplify the home-buying process, save you time and money, and help you navigate the complexities of the mortgage market. In Omaha, with its vibrant housing market, choosing the right broker is even more important. Take your time, do your research, and select a broker who will advocate for your best interests and strive to find the best mortgage for your situation.

Ready for more homeowner tips? Remember to follow us on our Facebook page!

If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

After a red-hot real estate market during the pandemic & subsequent months, rising interest rates have cooled the chaos. But does that necessarily mean bad news for buyers? Maybe not, here’s why.

When the housing market skyrocketed, many would-be homeowners found themselves in a position of being unable to buy due to tons of cash offers and bidding wars that went sky-high, most-often thousands of dollars above asking price and almost always all contingencies waived. With interest rates rising, home prices are now edging down. 

In a recent Bloomberg article (October 2022) by Teresa Ghilarducci titled “Looking to Buy a House? It’s Not the Worst Time to Buy” she states “Buying an asset when the price is falling is generally a good thing. Buying a home now when mortgage rates are high and housing prices are falling means as mortgage rates stabilize or even drop, your house value will more likely inflate than if prices were rapidly increasing and mortgage rates were increasing. Rising mortgage interest rates and a potential recession may seem like bad news, but these trends could benefit would-be home buyers by cooling demand and dropping prices further, especially if the buyers are confident, they won’t lose their jobs and income.”  She further explained “Of course, a would-be home buyer must consider other important criteria besides housing prices before buying a house. Other important decision factors include having at least 20% for a down payment; whether you will live in the property for more than five years; and whether your monthly payment will be lower than 30% of your gross income.”

Although some may feel that buying a home while inflation & interest rates are higher is less than ideal, it may be a perfect time if you can afford it. You will avoid the bidding wars that kept so many buyers out of the market previously and you can refinance when the FED lowers interest rates, which some experts predict will start happening in 2023. 

If you’re considering a home purchase, or have questions about buying in this new market, please reach out and schedule a time with us to discuss your needs, options, and homes available to you.

Nancy Heim-Berg and The Heim-Berg Team
402-677-9024