Ryan Blanco San Diego real estate agent

7 Easy DIY Things Around The House

Looking to update your home, but don’t want to shell out big cash? Don’t have the DIY gene? You can still make noticeable and beautiful changes to your home. Here are the 7 things you can easily do yourself:

1. Painteasy do it yourself projects around the house

Painting is the easiest way to make a big impact on your space with little money and minimal effort. A must-do for painting: proper preparation. You can choose to tape the baseboards and lay down some drop cloths before you paint. On the flip-side, you can choose to scrape, scrub and be frustrated with the mess you made later. But you can’t have both.

You’ll also want to consider the type of paint you buy.

The lower grade the paint, the more you will usually deal with drips and coverage problems. If you don’t want to splurge on a pricy brands like Benjamin Moore or Sherwin Williams, wait for sales or go with the big box stores’ more high-end lines. You’ll see a difference.

2. Minor demo

Pulling up old carpet is easy with a few tools, a little time, and access to a dumpster to dispose of the old carpet. You can also pull up old tile, but be prepared to use your muscles.

3. Do your flooring

Although flooring typically falls into more of an advanced DIY job, it can be easy depending on the area being covered and the type of material being used. Carpet tiles or vinyl can be easier to install and care for.

4. Refinish furniture

Refinishing furniture is easy, fun, and a great way show off your creativity and personal style. All you need is a sander (or some old-fashioned sand paper), your paint or stain of choice, and something to apply it with. If you are using stain, make sure to have clean dry towels to remove the excess.

If you’re not sure you want to take the leap on something you already have, practice on a cheap garage sale find.

5. Landscape your yard

Even without a green thumb, you can create a great yard with a little work. If you need help easy diy around san diego housegetting started, attend a clinic at a local nursery. Be sure to bring pictures of your yard. You’ll want help determining what you can plant, which will depend on the amount of sun, shade, and water involved, along with the time of year.

6. Update your bathroom

Paint the walls, replace your bath mats and towels with something new and fresh, update the bathroom light fixture. That’s all it takes for an easy and cheap update to freshen the look of your bathroom. Looking at add more flair? Try peel-and-stick tiles in a decorative pattern or do an entire wall.

easy diy7. Change out your hardware

This super easy fix can have great impact in a kitchen or bathroom. Transform those dated cabinets and drawers into a more modern aesthetic. Remember to use a template to cut down on time and help keep uniformity among them all.

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

San Diego Housing Market Update-December 2016 Sales

San Diego Housing market update for home salesBelow is my monthly analysis of the San Diego housing market. It will show many different metrics to help us get an accurate “feel” for what is happening in our local real estate market!

Most of 2016 offered the same monthly housing market highlights. The number of homes for sale was drastically down in year-over-year comparisons, along with days on market and months of supply. Meanwhile, sales and prices were up in most markets. Unemployment rates were low, wages improved and, as the year waned, we completed a contentious presidential election and saw mortgage rates increase, neither of which are expected to have a negative impact on real estate in 2017.

Activity Snapshot:

One-year change in closed sales

One-year change in median sales price

One-year change in homes for sale

-14.3%

+8.1%

-24.8%

Closed Sales decreased 10.8 percent for Detached homes and 20.8 percent for Attached homes. Pending Sales increased 17.5 percent for Detached homes and 7.2 percent for Attached homes. Inventory decreased 21.3 percent for Detached homes and 34.3 percent for Attached homes. The Median Sales Price was up 7.6 percent to $572,190 for Detached homes and 4.3 percent to $367,000 for Attached homes. Days on Market decreased 2.4 percent for Detached homes and 11.1 percent for Attached homes. Supply decreased 22.7 percent for Detached homes and 37.5 percent for Attached homes. The overwhelming feeling about prospects in residential real estate for the immediate future is optimism. Real estate professionals across the nation are expressing that they are as busy as ever. There are certainly challenges in this market, like continued low inventory and higher competition for those fewer properties, but opportunities abound for creative and diligent people prepared to put in the necessary amount of work.

According to Bankrate.com, interest rates have continued to stay near the 4% level, despite the Federal Reserve Bank finally raising the fed funds rate to .75%. They are currently at 4.02% for a 30-year fixed loan (they were 3.97% at this time last month). This is well below the historical average of 6% or so, which is great for home buyers. To calculate your potential mortgage payment or see what you can afford, go HERE.

The San Diego Association of Realtors analyzes housing market data for San Diego county every month. Below is their monthly report for home prices. The figures represents ALL property types.

San Diego Housing Market December 2016 sales

CLICK TO ENLARGE

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

 

Home Warranty Companies-What Do They Do?

home warranty when buying a san diego homeWhat Exactly Is A Home Warranty Company And What Do They Do?

If you’re purchasing a re-sale home in San Diego be sure to ask for a home warranty. They normally cover you, the home buyer for one full year. Companies like American Home Warranty, Old Republic, and First American Buyer’s Protection are some of the more common ones.

Home Warranty programs are normally paid by the seller. They cover most mechanical systems in a home. They cost from $300.00 to $800.00 depending on the size of the home, options such as a pool/spa, and the company. Most will have a service call fee of around $30.00 to $60.00 per visit.  Home warranties don’t cover structural issues and should never be used in lieu of getting a professional home inspection.

Home Warranties benefit home sellers as well because it reduces their post-sale liability. At times, disputes arise when something goes wrong after close of escrow. Rather than argue about a non-disclosure issue, the home warranty will fix the problem for a nominal fee.

Benefits for buyers include peace of mind knowing that appliances, heating systems, and plumbing are covered.  It’s nice to know there will be no unexpected expenses for that first year. Let’s say your garbage disposal stops working a month after moving into your new home. Instead of paying for a new one along with installation, for the cost of a service call, you now have a brand new one installed!

Home Warranty options can include the following (depending on the plan):

  • Refrigerator – normally considered personal property unless a built-in like a Sub-Zero.
  • Washer & dryers.
  • Roof leaks (Limited)
  • Garage door openers – some provided in upgraded coverage.
  • Pool and spa.
  • Central air conditioning.

The basic warranty plan is normally around $350.00 for a standard size home.  Options run around $150.00 for pool and spa coverage, $75 for washer and dryer, $25 for refrigerator, and central air conditioning around $60.00.  Each company is different, however.

Check the fine print on each Home Warranty Company for coverage and exclusions. Here are three that I have had satisfactory service from.

  1. American Home Shield.
  2. Old Republic Home Warranty.
  3. First American Home Buyer’s Protection.

Notice that I said only SATISFACTORY service.

Just do a Google search on Home Warranty programs to find out many customers are unhappy. This is likely from higher expectations of coverage and the various sub-contractors that the services use.  Sometimes you get lucky, other times you don’t.

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
Visit my Website: http://ryanyourrealtor.com

5 Things You Need To Do Before Listing Your Home

1. Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. For $350-500, a home inspector will be things to do before listing home for sale in san diegoable to give you a good indication of the problem areas that will stand out to potential buyers, and you’ll be able to make repairs before selling.

2. Organize and clean. Reduce clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment. Store items off-site if possible, or in boxes neatly arranged in the garage. Clean the windows, carpets, walls, lighting fixtures, and baseboards to make the house shine.

3. Get replacement estimates. Do you have items that are worn out or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace them, even if you don’t plan to actually do it. The figures will help buyers determine if they can afford the home, and will be handy when the negotiations begin.

4. Find your warranties and paperwork. Gather up the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other items that will remain with the house.

5. Spruce up the curb appeal. Pretend you’re a buyer and stand in front of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly trimmed? Is the address clearly visible? Are there any great flowers or plants framing the entrance? Is the walkway free from cracks and other impediments?

 

Ryan Blanco-Realtor-San Diego Real Estate Blog

About Me: I am a full time agent and I dedicate 100% of myself and my time to my valued clients in addition to the San Diego communities that I serve. It is imperative that I continuously evolve with local and national trends in addition to always looking ahead of the industry. It is a must to always provide the best service to my clients, their families and friends.

619.384.2248
Ryan@RyanYourRealtor.com

 

 

An Update On Mortgage Rates

Mortgage rates inched higher, rising for a 7th consecutive week, with the benchmark 30-year fixed mortgage rate rising to 4.18%, according to Bankrate.com’s weekly national survey. The 30-year fixed mortgage has an average of 0.21 discount and origination points.

 update on mortgage ratesThe larger jumbo 30-year fixed inched to 4.18%, while the average 15-year fixed mortgage rate climbed upward to 3.42%. Adjustable mortgage rates were mostly unchanged, with the 5-year ARM remaining at 3.45% and the 7-year ARM holding steady at 3.69%.

Mortgage rates continue to climb, reaching the highest levels since July 2015. While the run-up in mortgage rates was driven largely by the expectation of government stimulus and more government borrowing with the new administration, the Federal Reserve’s upward estimate of economic growth and projection of three interest rate hikes in the new year are continuing to drive mortgage rates upward. Inflation will be another variable to keep an eye on as any upside surprises would force the hand of the Fed into raising interest rates even faster.

At the current average 30-year fixed mortgage rate of 4.18% the monthly payment for a $200,000 loan is $975.70.

SURVEY RESULTS

30-year fixed: 4.18% — up from 4.15% last week (avg. points: 0.21)
15-year fixed: 3.42% — up from 3.40% last week (avg. points: 0.19)
5/1 ARM: 3.45% — unchanged from 3.45% last week (avg. points: 0.30)

The survey is complemented by Bankrate’s weekly Rate Trend Index, in which a panel of mortgage experts predicts which way the rates are headed over the next seven days. The majority, 63% forecast that rates will continue to rise in the coming week, while 13% expect rates to go down. The remaining experts, 25% predict that rates will remain more or less unchanged over the next 7 days.

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

 

San Diego Housing Market Update-November 2016 Sales

San Diego Housing market update for home salesBelow is my monthly analysis of the San Diego housing market. It will show many different metrics to help us get an accurate “feel” for what is happening in our local real estate market!

The story has remained consistent as concerns residential real estate. In year- over-year comparisons, the number of homes for sale has been fewer in most communities. Meanwhile, homes are selling in fewer days and for higher prices. This hasn’t always been the case, but it has occurred with enough regularity and for enough time to make it a trend for the entirety of 2016.

Activity Snapshot:

One-year change in closed sales

One-year change in median sales price

One-year change in homes for sale

17.9%

+5.9%

-18.2%

Closed Sales increased 19.1 percent for Detached homes and 15.7 percent for Attached homes. Pending Sales increased 10.2 percent for Detached homes but decreased 5.1 percent for Attached homes. Inventory decreased 14.3 percent for Detached homes and 28.4 percent for Attached homes.

The Median Sales Price was up 5.6 percent to $561,250 for Detached homes and 8.8 percent to $370,000 for Attached homes. Days on Market decreased 10.0 percent for Detached homes and 26.3 percent for Attached homes. Supply decreased 12.0 percent for Detached homes and 31.6 percent for Attached homes.

Financial markets were volatile in the days surrounding the presidential election, but they self-corrected and reached new heights soon after. Longterm indicators of what it will be like to have a real estate developer for a president remain fuzzy, but the outcome is not likely to be dull. Prior to the election, trend shift was hard to come by, and unemployment rates have not budged since August 2015. Post-election, mortgage rates are up and so are opinions that a trend shift is likely in the near future.

According to Bankrate.com, interest rates have continued to stay under the 4% level, despite the Federal Reserve Bank finally raising rates .25% late last year. Thanks in part to “Brexit,” rates have declined further. They are currently at 3.97% for a 30-year fixed loan (they were 3.95% at this time last month). This is well below the historical average of 6% or so, which is great for home buyers. To calculate your potential mortgage payment or see what you can afford, go HERE.

The San Diego Association of Realtors analyzes housing market data for San Diego county every month. Below is their monthly report for home prices. The figures represents ALL property types.

 San Diego Housing Market November 2016 sales

CLICK TO ENLARGE

 

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

 

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