Posts Tagged ‘Single-family detached home’

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

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

Quick Tips For Pricing Your Home

determining an asking price for my homeWhen it comes time to sell your home, setting a realistic selling price is extremely important. Price it to low, and you may be leaving money on the table, despite getting extra interest from buyers. Price it too high, and your home risks becoming a “stale listing,” as it sits on the market with little interest.

· Consider nearby comparables. What have other similar homes in your neighborhood sold for recently? How do they compare to yours in terms of size, upkeep, and amenities?

· Consider the competition. How many other houses are for sale in your area? Are you competing against new homes?

· Consider your contingencies. Do you have special concerns that would affect the price you’ll receive? For example, do you want to be able to move in a few months instead of a few weeks?

· Get an appraisal. For $400-500, a licensed appraiser can give you an estimate of your home’s value. Be sure to ask for a market-value appraisal. To locate appraisers in your area, contact The Appraisal Institute (www.appraisalinstitute.org) or ask your REALTOR® for some recommendations.

· Be accurate. Studies show that homes priced more than 3% over the correct (market) price take longer to sell.

· Know what you’ll take. It’s critical to know what minimum price you’ll accept before beginning a negotiation with a buyer. Of course, there could be other terms on the offer that may change this number. Your agent can guide you further on this during contract negotiations.

 

For more information on this topic:

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

 

Don’t Stress Out When Buying A Home

Buying a home can actually be fun, not stressful. As you look for your dream home, keep in mindno stress these tips for making the process as peaceful as possible.

1. Find a real estate agent who you connect with. Home buying is not only a huge financial commitment, but also an emotional one. It’s critical that the REALTOR® you chose is both highly skilled and a good fit with your personality.

2. Just remember, there’s no “right” time to buy, just as there’s no perfect time to sell. If you find a home now, don’t try to time interest rates or the housing market by waiting longer — you risk losing out on a home you love. The housing market usually doesn’t change fast enough to make that much difference in price, however, a good home won’t stay on the market long.

3. Don’t ask for too many opinions. It’s natural to want reassurance for such a big decision, but too many ideas from too many people will make it even harder to make a decision. Focus on the wants and needs of your immediate family — the people who will actually be living in the home.

4. Accept that no house is ever perfect. If it’s in the right location, but perhaps the yard may be a bit smaller than you had hoped. The kitchen may be perfect, but the roof needs some repairs. Make a list of your top priorities and focus in on things that are most important to you. Don’t sweat the minor ones.

don't stress out when buying a home5. Don’t try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to get that extra-low price or by refusing to budge on your offer may cost you the home you love. Negotiation is give and take.

6. Remember your home doesn’t exist in a vacuum. Don’t get so caught up in all the physical aspects of the house itself — room sizes, kitchen, etc. — that you forget about important issues such as noise level, location to amenities, and other aspects that also have a big impact on your quality of life.

7. Plan ahead. Don’t wait until you’ve found a home and made an offer to get approved for a mortgage, investigate home insurance, and consider a schedule for moving. Making an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers. Preparation goes a long way.

8. Factor in maintenance and repair costs in your post-home buying budget. Even if you buy a new home, there will be some costs. Don’t leave yourself short and not be able to afford upkeep.

9. Accept that a little buyer’s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a huge financial commitment. But it also yields big benefits. Don’t lose sight of why you wanted to buy a home and what made you fall in love with the property you bought.

10. Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated an average of 5.4% annually over from 1998 to 2002, a home’s most important role is to serve as a comfortable, safe place to live first, an investment second.

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com

This is why Housing Sales Matter to our Economy

In a study by the National Association of Realtors (NAR) to determine the impact a single home sale has on the economy. They included data compiled by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors and the Joint Center for Housing Studies at Harvard. After reviewing the information, they determined the total economic impact of a typical home sale in the United States is an astonishing $56,464!

This figure contributed economically to things such as home construction, real estate brokerages, mortgage lending, title insurance, rental & leasing, home appraisals, and moving truck services.

When a House is Sold in the United States:

$14,958 – Income generated from real estate related industries

Home sales turn into money for the economy

$5,647 – Additional expenditure on consumer items such as on furniture, appliances, and paint service

$3,509 – Expenditure on remodeling within 2 years of purchase

It also generates an economic multiplier impact. There is a greater spending at restaurants, sports games, and charity events. The size of this “multiplier” effect is estimated to be:$11,575

Home sales induce additional new homes being built. Typically one new home is constructed for every 8 existing home sales. Therefore, for each existing home sale, 1/8 of new home value is added to the economy which is estimated in the U.S. to be:$20,775

This study was done on a national level, where home prices and the cost of living is less than in southern California. San Diego home prices are also well more than double the national average. While the above figures only cover nationally average numbers to come up with $56,464, the economic impact for a place like San Diego would be far more!

 

For more information on this topic:

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

San Diego Housing Market Update – November 2014 Sales

Below 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!

Activity Snapshot:

One-year change in closed sales

One-year change in median sales price

One year change in homes for sale

-19.5%

+6.0%

-12.4%

Inventory levels (the number of homes on the market “actively” for sale) continues to stay strong. This San Diego housing market update shows san diego housing market updatethere are currently 6933 active residential listings in San Diego county, which continues in a downward trend. There were 7848 last month.

According to Bankrate.com, interest rates continue to trend lower compared to previous months. They are currently at 4.15% for a 30-year fixed loan. 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.

Finally, as you will see on the chart below, prices are starting to take on a more normal pattern. There are much more modest changes than the previous year, with a 6.0% increase in median prices, compared to over 20% we saw in 2013. However, these higher prices are now resulting in a considerable slow-down of the number of homes sold over a year ago.

The San Diego Association of Realtors analyzes housing market date for San Diego county every month. Below is their monthly report. The figures represent all property types.

San Diego Housing Market update for November 2014

Click To Enlarge

For more information on this topic:

619.384.2248
Ryan@RyanYourRealtor.com
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