Budget Kitchen Makeover – Secrets Revealed!

Tags

, , , , , , , , , , , ,

Yet another blog post I ran across recently is by Patti from Old Things New. She did a fabulous budget remodel on her kitchen and it turned out just beautifully.

She has been kind enough to share the details of her projects, as well as where she got ideas from, where she purchased supplies/materials from, and how much she spent for everything.

Click below and enjoy…

1-1-Kitchen After 001-001

Investors Masked Problems Still Plaguing Housing Market

Tags

, , , , , , , , , , , , ,

???????????????????????????????

Relief and excitement were the themes of the Phoenix-area housing market between 2011 and 2013, a period when surging prices and falling foreclosures finally began putting the worst fears of the recent real estate collapse in the rear-view mirror.

Those jovial feelings, in some ways, distracted from the reality that the rebound was largely driven by investors and cash buyers rather than the typical American family.

With investor and cash buyer activity now way down, the market has cooled this year. It illus- trates how slow regular buyers have been to return to the market and raises questions as to where the Valley truly stands in the housing recovery.

“The underlying key problem for entry-level and mid-range housing demand is lack of household formation due to many factors, including employment, falling birth rates, lower net migration and greater home-sharing, especially among millennials,” said Michael Orr, director of the Center for Real Estate Theory and Practice at Arizona State University’s W.P. Carey School of Business, in his monthly report last week.

The investor buying spree peaked in Phoenix during July 2012, when investors claimed almost 40% of all home sales that month, the report said.

The median single-family home price in April — just under $205,000 — was up 13% year-over-year and 46.4% from two years ago. That’s a substantially faster pace than the recovery of household income levels — a mere 0.5 percent between 2011 and 2012, according to the most recent available U.S. Census Bureau data — suggesting many would-be buyers are being priced out of the market.

Additionally, the job market is sluggish, with the statewide labor force count being down 35,500 in April from March, according to the Arizona Department of Administration.

On top of it all, lenders have yet to relax underwriting standards, making it difficult for regular home buyers to qualify for mortgages and take advantage of low interest rates.

“The key issue for us is if and when overall demand for homes to buy will return to more normal levels for all property types,” Orr said. “There are two main questions here: How quickly will lenders lower their underwriting standards? … Will those who could qualify under these new guidelines actually apply for loans?”

All this helps explain why April — supposedly the busiest time of year — saw sales drop 16% year-over-year, even despite the fact that buyers had 73% more listings to choose from than they did a year ago, the report said.

Article Content via  – Reporter- Phoenix Business Journal – Originally Published June 20, 2014

50 Budget Decorating Tips You Should Know!

Tags

, , , , , , , , , , , , , , , ,

I subscribe to several interior design/DIY blogs and one of my most recent favorites is LiveLoveDIY. The author, Virginia, is very detailed with her project instructions and it’s packed full of great ideas that most people are going to be able to tackle in their homes. Plus, most of her projects can be completed CHEAP! Nothing is better than that!

Well, her most recent post, 50 Budget Decorating Tips You Should Know!, has some killer ideas for easy, creative decorating so I wanted to share it. Click below and enjoy…

 

Beautiful Home FOR LEASE In Anthem, AZ – 1819 W HEMINGWAY LN Phoenix, AZ 85086

Tags

, , , , , , , , , ,

20140715003801610265000000-o

Great single family home with an open kitchen, island, family room and spacious living room. Low maintenance backyard, laminate wood flooring, neutral colors. Refrigerator, washer and dryer can be included if tenant requires them. Walking distance to neighborhood park.

Tenant currently pays $75.00/mo to use the Anthem Community Center.

4 bedrooms, 2 baths, 1,638 sqft, $1,150/mo. MLS# 5144984.

Call Realtor Sherry Wong at (602) 402-4725 for more info!

http://www.CoreAdvantageRealEstate.com

Very Cool! Repurposing Old Doors…

Tags

, , , , , , , , , , , , , , ,

Old Door Art

OK, so lately I have been running across all kinds of really great ideas for repurposing & refinishing old furniture that was less than desirable in it’s original state. Places such as Ebay, Craigslist, 2nd hand stores, auctions, yard sales, swap meets, etc. are great to scout out what you are looking for and you really can pick up some good deals for a pretty small out-of-pocket investment. Back East, I would imagine it’s probably a little easier to find great antiques at flea markets and estate sales. Out here in the West, fabulous, weathered antiques with a lot of visual interest are a little harder to come by, however, with some digging, you’ll find that they are still out there waiting for a new owner to spruce them up.

(On a side note, I have to admit that I personally am completely obsessed with chalk painting and distressing everything to give things an antiqued or worn look, but there are tons of techniques out there to refinish a piece and they don’t all have to look antiqued, if that’s not your thing. I am actually painting & distressing a fabulous master bedroom set right now that’s turning our surprisingly well for being my 1st real chalk paint project…I’ll post before & after pics when I’m done).

But anyways, back to my topic of the day, a constant theme I’ve been running across lately and I wanted to share in a post is repurposing, or upcycling, old doors into really cool accent pieces for the home. I am even seeing awesome ideas for reusing old hardware from these doors. Check out the below gallery for examples of this super clever ways to use these doors that often times have just been discarded during renovation projects or demolitions.

I am so amazed by people’s creative ideas and the transformations they achieve. Hopefully this will give you some ideas of your own and if you are inspired to go out and take on a project of your own, please feel free to share!

This slideshow requires JavaScript.

WOW! 1/2% Down Payment Program Now Available for Home Buyers!

Tags

, , , , , , , , , , , , ,

Image

Such an awesome program…especially if you need to purchase a home with as little out of pocket as possible.

More details below:

1. No prepayment penalty

2. The 2nd mortgage is a 15 yr fixed at 8.25%.  The payment ends up being quite small because it is only 3% of the purchase price.

3. Max debt to income ratio is 45% for credit scores 620-659, 48.9% for 660+

4. ½% down can be gift and seller concessions allowed to make a true 0 down.

5. $81,862 income limit in Maricopa county.  If a couple combined makes more than that, you can use 1 borrower and their income alone.

Call Jim Lee with OnQ Financial, Inc. for more details…tell him Sherry Wong sent you!

480-262-9883 or jim.lee@onqfinancial.com

 

Short Sale Opportunity in Alhambra District

Tags

, , , , , , , , , , , , , , , , ,

20140621071924986062000000-o

Nice floor plan – 6 bedrooms and 3 bathrooms.

A little TLC will turn this property into a great home for a growing family.

Cash buyer preferred. If financing, must verify with lender if missing dishwasher will affect the loan. Seller unable to contribute any funds for repairs or appliances.  List price is bank requested price. Bring your investors.

Newer roof in 2012. AC new in 2012. New water heater in 2011.

2,101 sqft. $130,000. MLS# 5134151.

Call Realtor Sherry Wong at (602) 402-4725 for more info!

http://www.CoreAdvantageRealEstate.com

Home Improvements and Remodels Can Improve the Style & Value of Your Home

Tags

, , , , , , , , , ,

Image

If you’re considering home improvements—or even just adding a few extra touches to freshen up the place—don’t rush the process. Plan first and remodel with valued amenities instead.

You don’t want to pay for impractical or expensive home improvements that could be long out of style when you finally decide to hang a “For Sale” sign in the yard. Instead, look for smart, traditional and fashionable upgrades to provide value and aesthetic beauty for years to come.

While you’re looking for upgrades, consider these following tips to remodel with valued amenities:

Kitchens

Image

  • Spacious kitchens with lots of light make cooking a pleasure, not a chore.
  • Light-colored kitchens can create an illusion of a bigger space.
  • Adding a skylight is another way of creating a spacious feel.
  • Multiple storage shelves/cabinets and an extra sink will reduce counter clutter.
  • Built-in microwaves/dishwashers, six-burner ranges and convection ovens are great for utility and convenience.
  • An island range with bar stools can promote an inviting, social atmosphere.

Bathrooms

Image

  • Two-bath homes, plus a master bathroom, are optimal.
  • Many homebuyers see high-end appliances, like whirlpools, Jacuzzis, steam and jet showers, double showerheads and hand-held sprayers as essentials rather than luxury items.
  • Large storage cabinets, freestanding or built-in, are great.
  • Avoid all-white bathrooms—splashes of color are what you see today. 

Floors

Hardwood flooring is one of the most popular modern-day home amenities increasing resale value, so keep hardwood floors in top shape by refinishing them. As an alternative, laminate flooring is typically cheaper than hardwood and a good upgrade from carpet. This is a way to remodel with valued amenities without spending a fortune.

Ceiling Fans

New ceiling fans should be those featuring a remote control instead of just a wall switch, allowing you to change speeds without getting up or requiring a stool.

High-end Home Amenities

Image

Image

  • Specialty rooms like media rooms, wine cellars, workout rooms and children’s playrooms can boost resale value and personalize a home.
  • Outdoor fireplaces, patio heaters, electronic insect control devices, decks and fountains are popular.
  • Outdoor kitchens can boost resale value.
  • If you live in a hot climate like Phoenix, an in-ground swimming pool can definitely increase your home’s value.

Additional Research Tips

  • Read lots of home magazines for cutting-edge information and ideas on how to wisely remodel with valued amenities.
  • Attend home improvement shows for ideas and contacts.

By Deena Weinberg via REALTOR.com

5 Essential Questions to Ask a Contractor

It’s the contractor you pick who makes or breaks your remodeling project. Finding the right contractor for your job will determine the quality and timeliness of the work, and the amount of emotional and financial stress you will have to deal with. 109266047

To make sure you are getting the best work from a contractor, here are five questions to ask the candidates.

Tip: Listen for how prospective contractors answer your questions. Difficulty communicating now means difficulty communicating on the job later.

1. Would you please itemize your bid?

Many contractors prefer to give you a single, bottom-line price for your project, but this puts you in the dark about what they are charging for each aspect of the job.

For example, if the original plan calls for wainscot in your bathroom but you decide not to install it, how much should you be credited for eliminating that work? With a single bottom-line price, you have no way to know.

If you get an itemized bid, it will show the costs for all of the various elements of the job, including:

  • Demolition and hauling trash
  • Framing and finish carpentry
  • Plumbing
  • Electrical work
  • HVAC
  • Tiling or other floor covering installations
  • Lighting fixtures
  • Drywall and painting

That makes it easier to compare different contractors’ prices. If you need to cut the project costs, you can easily figure your options. Plus, an itemized bid becomes valuable documentation about the scope of your project, which may eliminate disputes later.

Contractors shouldn’t give you a hard time about itemizing their bids. If they resist, it’s a red flag for sure.

2. Is your bid an estimate or a fixed price?

Some contractors treat their bids as estimates, meaning bills could wind up being higher in the end. Be sure to request a fixed price bid instead.

If a contractor says he can’t offer a fixed price because there are too many unknowns about the job, then try to eliminate the unknowns. For example, have him open up a wall or examine a crawl space.

If you can’t resolve the unknowns, have the project specs describe only what he expects to do. If additional work is needed, you can do a change order—a written mini-bid for new work.

3. How long have you been doing business in this town?

A contractor who has been plying his trade locally for five or 10 years has an established network of subcontractors and suppliers in the area and a local reputation to uphold. That makes him a safer bet than a contractor who is either new to the business or planning to commute to your job from 50 miles away.

Ask for:

  • A business card with a nearby address, not a P.O. box.
  • References from one or two of his earliest clients. This will help you verify he hasn’t just recently hung his shingle.

4. Who are your main suppliers?

Contractors are networked with their suppliers. You can tap into information on your contractor’s reliability and level of quality by talking to proprietors of:

  • Tile shops
  • Kitchen and bath showrooms
  • Lumber yards
  • The pro desk at your favorite home improvement center

Ask about a contractor’s professional reputation, whether he has left a trail of unhappy customers in his wake, if he’s reliable about paying his bills — and whether he’s someone you’ll want to hire.

Your contractor should have no qualms about telling you where he gets his materials if he’s an upstanding customer.

5. I’d like to meet the job foreman—can you take me to a project he’s running?

Many contractors don’t actually swing hammers. They spend their days bidding new work and managing their various jobs and workers. That makes the job foreman—the one who’s working on your project every day—the most important member of your team.

Meet the foreman in person and see if his current job is running smoothly. Asking to meet the foreman on the job gives your general contractor an incentive to assign you one of his better crews, since you are more likely to hire him if you see his A Team.

If your contractor says he will be running the job himself, ask whether he will be there every day. He will want to give you a positive response—something you can hold him to later on.

via Oliver Marks and originally published on HouseLogic.com

Beautiful Marley Park home in the heart of Surprise, AZ!

Image

Image

15125 W. Aster Drive, Surprise, AZ 85379

Beautiful Marley Park home! Community pool, club house, neighborhood parks and so much more. Move-in ready home with the master bedroom on the main floor. Kitchen with island bar, opens into a spacious family room. Custom shutters and 20×20 tile thru-out, neutral carpet in the bedrooms and on stairway. Low maintenance yard.

4 bedrooms, 2 1/2 baths, 1,988 sqft. Priced to sell at $197,000. MLS# 5123902.

Call Realtor Sherry Wong at (602) 402-4725 for more info!

http://www.CoreAdvantageRealEstate.com