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Wednesday, December 18, 2013

December Issue Of My Free Consumer Newsletter Is Now Available

#The December Issue Of My Free Consumer Newsletter Is Now Available


It's about breakthrough ideas on getting the best consumer deals, helpful tips on Healthy, Wealthy, and Happy Living, thrilling trivia, great jokes and tidbits. You will also receive important resources for getting the very most enjoyment (and value!) out of your home - from me.

The best of it all, it's free!

Subscribe at no cost to the monthly postal mail version, or the email version directly at www.wildwestrealestate.us

#Richard Bazinet -  Realty ONE Group - Phoenix Scottsdale Real Estate

The December Issue Of My Free Consumer Newsletter Is Now Available

Thursday, December 5, 2013

6 Plush Upgrades For Your Home

#6 Plush Upgrades For Your Home


Looking to buy yourself a gift or two for the holidays? Of course! You deserve it. You only live once. And so does your home, because the plush luxury updates can increase the value of your property. 

So go ahead and spoil yourself on these upgrades... a little luxury can go a long way to make your home your castle. So here are some of the favorite splurges from my real estate insider track:

1. Central Vac (aka Whole-House Vacuum) - especially the retractable high-tech ones!

What: A super-suction, built-in vacuum system that features convenient inlet ports throughout the house where you plug in 25-to-50-foot lightweight vacuum hoses. The collection bin is usually located in a basement or garage.

Why: No more dragging heavy vacuum cleaners up and down stairs and throughout the house. With central vacs all you need to schlepp is a lightweight hose fitted with a power brush. 

Central vacs have up to five times the suction power of portable vacuums, and they store dust far away from where it’s collected — great for allergy sufferers. Some high-tech systems have retractable hoses that disappear into the wall.

Tip: Make sure you have enough ports — at least one for every 500 sq. ft.

How much: $1,500-$2,500 to retrofit a house; add about $500 for retractable hose. 

2. Steam Shower 

What: A sealed shower attached to a steam generator that turns the stall into a steam room. You can build a steam shower from scratch or buy a prefab fiberglass unit. 

Why: Steam relaxes, opens sinuses, soothes muscles, and cleans pores. Installing a steam shower is a major project that includes wiring for the generator; vapor-proofing walls, floors, and ceiling; installing a tightly-fitting door; and having a bathroom fan outside the shower to suck up the extra humidity. 

Tip: A sloped ceiling in the shower room ensures that condensation runs off.

How much: Fiberglass unit: $1,000-$5,000; framed-in unit and generator: $7,000-$10,000.

3. Heated Bathroom Floors

What: Thin, thermostatically-controlled electric radiant mats that install under tile.

Why: No more cold tootsies when stepping out of the shower in the morning. Many systems come with timers so warm bathroom floors await you each morning. 

Tip: Heated floors help stem mold growth in humid places. 

How much: $15.59/sq. ft. for material and installation (not counting cost of tile or adding 20-amp GFCI dedicated circuit with 110 volts, $97-$245). 

4. Super Skylights

What: Roof windows that let sunlight in. Upscale models feature insulated glass, solar-powered shades, and rain sensors that’ll automatically close an open skylight in bad weather.

Why: Nobody likes dark, dreary rooms and hallways. Skylights let the sun shine into areas you can’t brighten with windows — hallways, interior rooms, even closets. Skylights save you money on heating, cooling, and lighting bills. 

Tip: If you plan to open and close skylights, order screens to keep out bugs and roof debris.

How much: $500-$3,500 (depending on size, glazing, and complexity) installed. 

5. Towel Warming Drawer

What: A stainless steel, heated drawer that slips into cabinetry, plugs into an outlet, and warms towels.

Why: Because there’s nothing more snuggly than wrapping a warm towel around you after a bath or shower. 

Tip: Towels take time to heat up — some people say as much as 45 minutes — so you’ll have to plan ahead to have a toasty one ready when you are.

How much: $1,700-$3,400.

6. Whole-House Electrostatic Filters

What: Also called “electrostatic precipitators,” these dust-removing wonders are incorporated into your HVAC ductwork. They charge polluted air with a high-voltage current, and then collect particles on plates with the opposite charge. Great at removing tiny particles that slip through regular fiberglass filters.  

Why: Whole-house electrostatic filters remove smoke, dust mites, pet dander, pollen, and dust, improving air quality and health. But they also create ozone as a byproduct which is a lung irritant, so the health benefits could be a wash. 

Tip: The filters last indefinitely, but you’ll have to clean the plates, some say as often as once a week; others advise every 2-3 months. 

How much: $600-$1,000 installed.

So there you go, the Richard Bazinet holiday season 2014 house splurges.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

#6 Plush Upgrades For Your Home

Tuesday, December 3, 2013

Are Loan Rates & Home Values Going Back NOT Down?

#Are Loan Rates & Home Values Going Back NOT Down? 

Well, these are the questions this week. And the answer is... No and No. You see, many potential home buyers are waiting to see if the rates AND the prices are decreasing before buying a new home. Well, the rates are not. The prices... let just say there is a lull right now. 

But let me explain - and why waiting could could be a big mistake. The mortgage loan rates have been pretty well stable on average for the last month or so. In Arizona, we seem to be doing better than the national numbers. But I would say that the rates are not going down, and that in fact they will be going up! 

As we sit right now, 30 year fixed mortgage rates sit at levels which put them near two year highs. I anticipate the mortgage lending rates to climb in the basis of the bond market. However, on a historical basis we still have very low interest rates on home mortgages at the moment. So now is a good time to buy your home and lock your mortgage at historical low rates.


In Phoenix Scottsdale, the home values in our real estate market reads as follows - up 20% on average from last year, slightly down 3% from last month, as a result from a much higher inventory of listed homes.

So when you are ready, call me to schedule your home search and purchase. Looking for the best tool to search a home, try my handy home search tool directly on the MLS at Best Phoenix Scottsdale MLS Home Search Tool OR BETTER YET... let us do the professional search and all the work for you. Just sit back and relax and watch your email with available properties with full descriptions and picture - just click here: Let us do the search for you!

So now is a good time to buy your home and lock your mortgage at historical low rates. We have the best and largest inventory of homes of the last 2 years. It will not get any better than this!

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

#Are Loan Rates & Home Values Going Back NOT Down? 

Friday, November 15, 2013

2 BIG Reasons Why House Hunt Right Now in Phoenix Scottsdale

2 BIG Reasons Why House Hunt Right Now in Phoenix Scottsdale

Here's another one of my pro insider info bit.

1. Less Competition. During the time leading to and including Thanksgiving as we all get busy doing something else, there is less competition in house hunting and buying - less buyers, less multiple offers, lower likelihood of being outbid. A great time to spot and buy hidden gems;

2. Motivated Sellers. Less buyers, less interest, seller feel the pressure, and more likely to accept your offer. And generally sellers are 'more' motivated to sell before year-ends for closure as the new year is close by. And cash recoup from potential big dollar spending from Thanksgiving to the holidays.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

2 BIG Reasons Why House Hunt Right Now in Phoenix Scottsdale

Thursday, November 14, 2013

The November Issue Of My Free Consumer Newsletter Is Now Available

The November Issue Of My Free Consumer Newsletter Is Now Available

It's about breakthrough ideas on getting the best consumer deals, helpful tips on Healthy, Wealthy, and Happy Living, thrilling trivia, great jokes and tidbits. You will also receive important resources for getting the very most enjoyment (and value!) out of your home - from me.

The best of it all, it's free!

Subscribe at no cost to the monthly postal mail version, or the email version directly at www.wildwestrealestate.us

Richard Bazinet -  Realty ONE Group - Phoenix Scottsdale Real Estate

The November Issue Of My Free Consumer Newsletter Is Now Available

Sunday, November 10, 2013

Home Values & Divorce Woes Through Real Estate

Home Values & Divorce Woes Through Real Estate

As many know, not a easy subject for most, but certainly a reality I often face in my business.  I have worked with many divorcing couples on their own, with their attorneys and sometimes the court or within the confines of a court order. My biggest advantage is that I'm not emotionally involved in the process, I'm totally independent, and I deal with it the way it is.

This is an important subject since for many divorcing couples, real estate is their single largest combined asset, and often their single largest debt by the same token. It's also a primary need of life - having a place you can call your own.  Interestingly enough, divorcing couples comprise a large market of the real estate market. In a large percentage of divorce cases, the parties are either buying  a house, selling a house or both in once swoop. Double escrows may also be in play  - so timing is crucial.

So this creates a need for a real estate professional with savvy, experience and who understands the special problems, this issues at stake, where and how disagreements may occur, property valuations, laws that govern the dissolution of a marriage, and how the real estate portion of it gets through this process, thus avoiding misunderstandings and pitfalls common in a divorce. And one who can work with the attorneys as well, if any, and the court when applicable.

Often, new opportunities are created during the process when there is planning ahead of time, or planning after the fact, as non-emotional opportunities might occur for the parties if and when this is well orchestrated and treated more like a business transaction. So forget 'til-death-do-us-part". 

As real estate values have risen considerably in Phoenix Scottsdale, so have many unhappy couples calling it quits - which means the start-over-cash-out of houses for their maximum value or that might have been underwater on the mortgage loan. So now, for the better, for worse - or at least until the house can sell for a profit.

Richard Bazinet -  Realty ONE Group - Phoenix Scottsdale Real Estate

Home Values & Divorce Woes Through Real Estate

Wednesday, November 6, 2013

Should I Fix Up My Home Before Selling It?

Should I Fix Up My Home Before Selling It?


Here's an old-age question and one that my new clients often ask. And the answer is, it depends. The best approach is always to ask me first for the insider knowledge and experience about the particular condition of your property - so I may assess it for what you need to do, and what you don't need to do to maximize the sales price, create buyer interest, and a sale.

I can help you prevent making a serious mistake when it comes to selling.

So if your house you want to list needs a new roof, deck, HVAC unit, septic system, pool, and other structural defects, that are costly to fix, you'll need to take care of it 'before' you list it for sale if you can, because 1. you'll have to disclose them and 2. these items will come up at home inspection time, and you may get countered to fix them before close of escrow, or reduce your price considerably.

If you cannot take care of those items before you sell your house, then it will need to be priced accordingly.

It is easier to sell a house that is attractive to potential buyers, which means that you spend a little bit of time and money on cosmetics. And to have to make sure the house is clean, the yard is neat, the driveway is swept, bushes pruned, loose shingles or tiles fixed, front door clean and fresh, exterior paint even and so on. This is called the 'marketability' of the house.

Every house has defects, some obvious, some hidden. Both affect the price the buyer is willing to pay. Never assume that the defects that cannot be seen won't be found by a home inspector. In fact, a home inspection, for the seller, is the hard way discovery when the buyer uses the home inspector's report to drive down the price. Buyer inspections are designed in such a way to provide bargaining ammunition for the buyer by exposing everything that is wrong or might go wrong - sometimes every little thing.

So, here's where the rubber meets the pavement. Facing up to the issues. Do you fix prior to listing for sale, or price the house accordingly? Here's the deal, potential buyers will almost always over-estimate the cost. So the question is something like this - if I fix this or that for lets say $15,000, it is worth $20,000 on the market? I ma not kidding when I say I took properties worth $180,000 on the market, added $20,000 worth of repairs and remodeling, and re-priced it $50,000 more. Same for a $800,000 property, you can add $50,000 worth of repairs for an additional $100,000 on the sales price.

And then you have to take into account that if you 'don't' fix before listing it, you eliminate a lot of buyers that just don't have the cash to do a fix up 'after' the sale since their cash went to down payment. 

But sometimes, some repairs, or remodeling, just does not add up. Why I mentioned that it depends. We call this: repairs beyond the marketable value of the house.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Should I Fix Up My Home Before Selling It?

Thursday, October 31, 2013

One Good Reason To Buy Now In Phoenix Scottsdale - Mortgage Rates Drop Again

One Good Reason To Buy Now In Phoenix Scottsdale - Mortgage Rates Drop Again

Amid our sales data for our Phoenix Scottsdale real estate market, mortgage rates dropped for the second straight week.

Rates on 30-year fixed-rate mortgages with 20% down are about 4.375% (APR 4.6%) this week ending Oct. 31, down from last week but up about 3.4% from a year ago.

Rates on 15-year fixed-rate mortgages with 20% down are about 3.375% (APR 3.831%) and five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans also decreased to about 3.375% (APR 3.462%), same for jumbo rates at 3.250% (APR 3.464%). 

The expectation are for rates to remain perhaps stable for now but surely to increase in the future.

Buyers should really consider purchasing now as the total Phoenix Scottsdale real estate market has somewhat softened with outstanding deals in the luxury market ($800,000+) with a great inventory of jumbo loan ($417,000+) products to choose from. 

Read my previous blog about 10 Ways To Buy Your Luxury Home lhttp://phoenixscottsdalerealestate.blogspot.com/2013/10/10-ways-to-buy-now-your-arizona-luxury.html

The better way to search for Phoenix Scottsdale Real Estate with real live data from the market, without being spied on and tracked by the big and less reliable consumer sites, go to my web site 24/7 here at http://goo.gl/JfB9y

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

One Good Reason To Buy Now In Phoenix Scottsdale - Mortgage Rates Drop Again

Tuesday, October 22, 2013

10 Easy & Cheap Fixes To Improve Curb Appeal & Boost Home Value To Sell

10 Easy & Cheap Fixes To Improve Curb Appeal & Home Value To Sell



By investing $100 (or even less) in these outdoor fixes, your home will look better, the curb appeal will dramatically increase, cost less to maintain and your house will sell for more! That's right, this is an insider tip from your Realtor...

1. Freshen up the front door. Big return on your investment here. Consider repainting it a bold pop-out color with new fresh hardware with matching new house numbers.

2. Install solar lights. Outdoor lights add a whole new dimension at night.

3. Plant perennials. It says "welcome" and we care.

4. Fix the front yard. Rake the rocks for a even finish, add more where needed or patched. Same with a yard with a grass patch, fix the bare and weak spots and make it green. Trim the bushes.

5. Patch the driveway and sidewalks. Fill and cover the huge cracks and gaps.

6. Check the roof for missing tiles and mortar. The roof is part and parcel of the presentation of the property.

7. Upgrade your mailbox. If it is beaten, tilted or tired, time to get a new one. The mailbox is the very first thing people and BUYERS notice that creates the first impression to your house.

8. Keep the backyard and the pool clean. If you have a dog, no buyers likes to look at your dog's doo doo in the yard, and least to walk in it by accident. Same with the pool, make it inviting by keeping it nice, blue and crisp. A regular pool service is rather inexpensive if you can't do it yourself.

9. Keep you patio clean and free of debris. Get yourself a blower as it takes a few minutes to blow the desert dust from your patio - front and back.

10. Keep the driveway and the front of the house clear. Have extra vehicles? You really need to find a parking resolution. No cars or trucks parked anywhere else than the driveway. And try to keep them away from the front of the house. If you keep and extra vehicle, make sure it's not a renovation project.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

10 Easy & Cheap Fixes To Improve Curb Appeal & Home Value To Sell

Wednesday, October 16, 2013

Phoenix Scottsdale Real Estate - Towards A Balanced Market

Here's a quick market update e-blast.

Phoenix Scottsdale Real Estate - Towards A Balanced Market

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

Phoenix Scottsdale Real Estate - Towards A Balanced Market

Tuesday, October 15, 2013

My October Issue of Southwest Living Is Now Available

My October Issue of Southwest Living is now available!

It's about breakthrough ideas on getting the best consumer deals, important health and safety tips, thrilling trivia, great jokes and tidbits. You will also receive important resources for getting the very most enjoyment (and value!) out of your home.

Better yet subscribe to the monthly postal mail version, or the email version directly at www.wildwestrealestate.us

Richard Bazinet pllc - Realty ONE Group - Phoenix Scottsdale Real Estate

My October Issue of Southwest Living is now available!

Wednesday, October 9, 2013

Outstanding Luxury Home On The Water In Las Brisas

LAS BRISAS IN SCOTTSDALE!
richard bazinet PLLC, MBA, CRS, ABR | Realty ONE Group | (602) 300-7007
10146 E Topaz Dr, Scottsdale, AZ 85258
'SINGLE' level, UPDATED and GORGEOUS! Fabulous LAKE and MOUNTAIN
VIEWS in Las Brisas.
2BR/2BA Single Family House plus den/office/family room w/fireplace
offered at $1,150,000
Year Built 1987
Sq Footage 2,519
Bedrooms 2
Bathrooms 2 full
Level 1
Parking Unspecified
Lot Size 7,158 sqft
HOA/Maint $305 per month

DESCRIPTION

'SINGLE' level, UPDATED and GORGEOUS! Fabulous LAKE and MOUNTAIN VIEWS. Beautiful lush/private front courtyard entry with a spectacular iron front door welcomes you - enter into a large rotunda entry. Soaring arched 15' windows frame the pool/lake/mtns. Great room w/formal dining, Edmunds famous wood plank ceilings, stone floors and beautiful granite. Updated kitchen w/all that you would expect. Fabulous octagonal breakfast room overlooking water. Back patio is complete for entertaining with pool, BBQ, & boat dock. Elegant resort style living offered for those only wanting the very BEST!
see additional photos below
PROPERTY FEATURES

- Breakfast nook - Dining room - Family room
- Laundry room - Library - Living room
- Master bath - Office/Den - Pantry
- Storage space - Walk-in closet - Dishwasher
- Garbage disposal - Microwave - Refrigerator
- Stainless steel appliances - Stove/Oven - Trash compactor
- Balcony, Deck, or Patio - Fenced yard - Sprinkler system
- Swimming pool - Yard - Air conditioning
- Ceiling fans - Central A/C - Central heat
- Cable-ready - High-speed internet - Gated property
- Security system - Guest parking - Garage - Attached
- Fireplace - Granite countertop - Skylights
- Tile floor - Wet bar

COMMUNITY FEATURES

- Swimming pool - Tennis court - Guest parking
- Waterfront

ADDITIONAL PHOTOS


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Contact info:
richard bazinet PLLC, MBA, CRS, ABR
Realty ONE Group
(602) 300-7007
rbazinet@wildwestrealestate.us




10 Ways To Buy Now Your Arizona Luxury Home

... And money is no object. Well, maybe there's more than 10 ways. You see jumbo loans are on the loose. 

What's a jumbo loan? To keep it simple, any conventional loan over $417,000.

Oh yes, a whole new range of jumbo loan money is now available - and it's available right now! 

Even if you are self-employed. There are literally a multitude of ways to purchase your new luxury home over $417,000 to $2 million + with jumbo loans.
  
Primary homes, second homes, vacation homes, investment properties, foreign buyers, low down payments, low credit scores.... Even stated income loan products. YES! All possible.

The best of it all is that rates and the availability of luxury homes is great. Interest rates are the lowest they have been in several months. 



So when you are ready to purchase your luxury home, drop me an email or call me directly.

10 Ways To Buy Now Your Arizona Luxury Home

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

*Source of Mortgage Rates: CNNMoney - 10/08/13

Thursday, September 19, 2013

Open House in Los Alisos - Sat Sept 21 - 1pm-4pm

Open House in Los Alisos - Sat Sept 21 - 1pm-4pm

5747 E DUSTY COYOTE CIR Scottsdale, AZ 85266


This meticulously maintained one-level 4 bedroom home + converted den/office [former 5th bedroom] is nestled in proximity of the Boulders area within the mountain foothills. A prize in Arizona's magical Cave Creek area & spectacular mountain views. This wonderful split-plan home features large open concept kitchen to an entertainer's delight, large amount of kitchen cabinets, breakfast bar, very large kitchen island, granite countertops, gas cooktop & oven, large walk-in pantry, brightness from tall windows, canned lights, & butler's/wet bar area. Other features include a surround sound throughout the home, tall and coffered ceilings, gas fireplace in the LR, a guest suite area w/full bath, a large master bed suite w/sitting area & patio door access to backyard... his/hers walk-in closets, large shower area in master bath, his/hers vanities, a private water closet, a very large and bright shower area, and a Jacuzzi tub. The extended large yard is about privacy and views. It also features an extended patio, a view fence into the wash, a BBQ island connected to natural gas and a large custom-built hidden from view storage shed. The property adjoins a discreet walking trail through the desert surroundings. 

This smaller gated community is pristine in every which way. An impeccable professionally landscaped Arizona desert setting community. It is located within minutes from the famous Cave Creek main street, the Boulders, El Pegredal, world-class golf courses and some great retail including groceries, hip restaurants, and unique boulder mountain views in an amazing unequalled Arizona desert setting.

An impeccable home in a great community in an unparalleled Arizona setting and lifestyle.

See you at the open house!

Richard Bazinet - Realty ONE Group- Phoenix Scottsdale Real Estate

Monday, September 16, 2013

5 Ways Getting A Loan And Buying A House is Becoming Easier

5 Ways Getting A Loan And Buying A House is Becoming Easier


1. Some lenders are easing payment and credit score requirements.
Now you can easily buy a house with 5%, 3.5% and 3% down, so having a very modest sown payment and lower than stellar credit score won't hold you back.

2. Piggyback loans are coming back. That's right, those loans with two mortgages at the same time. We also call hem the 80/20 loans so a borrower could avoid paying the private mortgage insurance. These piggyback loans can help you avoid higher interest rates on jumbo mortgages.

3. Stated income loans are back.  These don't require tax returns to prove income, although they are a bit tougher than before. These loans are so important to the self-employed and small business owners.

4. Interest-only loans are coming back as well. They are in limited supply, but they are making a comeback.

5. Rising rates and a stabilized market. Rising rates may create more competition between the lenders. And the market sees price increases in many areas, and some others where prices have stabilized and lesser competition as inventory is also stable. A great scenario... for now. it won't stay this way, so now is the time to buy.

Are you ready? Feel free to call me.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

5 Ways Getting A Loan And Buying A House is Becoming Easier

Friday, August 30, 2013

Wanna Buy A Home, But Had A Short Sale Or Foreclosure?

Wanna Buy A Home, But Had A Short Sale Or Foreclosure?

Lets face it, one of the best financial decisions you can make right now for your future is buying a home as prices and mortgage loan interest rates in Phoenix Scottsdale are increasing. 

And you did know that getting a mortgage loan after you had a short sale, foreclosure, deed-in-lieu or a Chapter 7 or 13 is not necessarily an issue for many people... right?

Furthermore, the new FHA Back To Work program is another "second chance" for mortgage applicants who have experienced financial hardship from unemployment or from a severe reduction in income.

So are you ready for your home purchase and want to more more? You are just a phone call or email away.

Richard Bazinet - Phoenix Scottsdale Real Estate - Realty ONE Group

Wanna Buy A Home, But Had A Short Sale Or Foreclosure?

Friday, August 16, 2013

How Much Should You Spend on That Remodel?

How Much Should You Spend on That Remodel?


OK, here's a question that comes up often in my dealings.

Of course, the answer is always.... it depends.

When you started that bathroom remodel, you planned to redo the floor and paint the cabinets and put in a new shower stall. But gradually you did more and more. Now you’re moving the shower to where the bathtub used to be, you’re bringing in new cabinets and instead of putting down ceramic tile, you’re laying travertine. Have you gone too far? Maybe not far enough? Will you ever get your money back when you sell?

You can get some answers to those questions for metro Phoenix in the 2013 Cost Value Report published by Remodeling Magazine, read by building industry professionals. Read here: http://www.remodeling.hw.net/2013/costvsvalue/division/mountain/city/phoenix--az.aspx to get some idea of what you can eventually get back.

As you might expect, the report says bathroom and kitchen remodels are the most costly and do recoup quite a bit at resale. However, you don’t need this report to tell you that no homeowner ever recovers every dollar spent on remodeling in a resale. But, sometimes you can, sometimes you get more, and sometimes really much more depending on your property and its location.

Let me tell you, it's a case by case review of each individual home. There are a number of factors involved.

The best approach is to call me for the property you would like to purchase, or a current property you decide to renovate to keep or to sell.

So... what about that bathroom? An upscale remodel, described in the report, would more than double the size of an existing 35-square-foot room to 100 square feet. All fixtures would be relocated and replaced including tub, toilet and shower. The new shower would have ceramic tile walls and a frameless glass enclosure. This renovation would cost an estimated $49,349 in Phoenix, according to the Cost Value Report. You would recoup $34,532 at resale – an estimated 70 percent recovery.

A midrange remodel keeping the same bathroom size and footprint but changing all fixtures would cost $15,317 in Phoenix and recoup $12,474 at resale – an estimated 81.4 percent recovery.

One extra “Richard Bazinet” recommendation: In a house with one-and-a-half baths, converting that powder room to a full bath is an investment that can make a huge difference in the value of your house and how fast it sells. Adding a bedroom can be a huge investment in a new value for the property.

And if you live in a luxury, high-end area, a barebones remodel might not fit what buyers want in your house. The same warning fits in a modest subdivision. Overdoing a renovation may not fit what buyers expect to pay for your house. In some cases, a remodeling job out of synch with the neighborhood can detract from rather than add to your home’s value. You see this sort of problem with houses that has been renovated in the wrong neighborhood.

There are many opportunities in the Phoenix Scottsdale market right now, and it's a question of choosing the right ones.

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

How Much Should You Spend on That Remodel?

Thursday, August 1, 2013

8 Ways to Make the Most of Your Laundry Room

8 Ways to Make the Most of Your Laundry Room


These super-practical laundry room additions can help lighten your load



Remodeling, decorating, and more ∨

Find contractors, builders and design build firms that can help you with house designs for your dream home.
Collect and share photos of bath tile, bathroom cabinetry, shower curtain and bath mirrors to create your perfect home decorating style.

Friday, July 26, 2013

15 Tips For Building Your Real Estate Portfolio

15 Tips For Building Your Real Estate Portfolio

We still have awesome mortgage interest rates (read my previous blog at http://phoenixscottsdalerealestate.blogspot.com/2013/07/interest-rates-are-too-high-really.html) and competitive real estate prices. Yes, prices have gone up quite some. But we have not seen anything yet. They will go up higher. Why we still have some great pricing.

You make money on the buy side, not on the sale side.

So looking at real estate to add to your portfolio is not only smart but we are in the best time period, now! Education and experience are critical to finding good values and navigating the market. You are not expected to have those skills and knowledge, why you need an experienced and competent realtor to help you with this.

Here are the 15 tips to build a robust portfolio:

1.      Know the market you want to buy into. Location, trends, price ranges you can afford, historical trends and rental prices.

2.      Run through the financial scenario and analysis for your return on investment. I have a great investment analysis tool I can provide to my clients for each target property.

3.      Always arrange your financing BEFORE you look for property. Be ready.

4.      Start small and build up. Learn where the sweet spots are in the market.

5.      Never, never, never buy on price. Always buy on value.  Pay attention to location, noise nuisances, crime, schools, access to transportation, potential new developments, and the general attitude of the neighborhood.

6.      Find the ugly ducklings, the needy for a remodeling or the ones with the problems to fix. They represent the under-priced properties. Ideally, you want properties you can purchase, spruce up, remodel and finance for 70% of the after repair value (ARV) or less.

7.      Be careful not to overpay for a property. It just makes for a bad start. But don't expect either to get properties at low ball prices. This is simply not happening in the valley right now. And beware of those advertised 'wholesale' prices which are more of a sales pitch than anything else. I always wondered where they come from anyways, as many I have seen, have higher prices than normal everyday resale prices.

8.      Consider all the costs to renovate or fix before flipping or for rental-ready homes. If you are going to do it, do it right or just stay out of it.

9.      Look for properties that may border vacant land or at the edge of new developments because they have the greatest potential to increase.

10. Make sure you work with a competent and reliable contractors, handymen, and other specialized trades like painters, roofers, plumbers, electricians, etc...

11. Research all the tax implications that would apply to you for your real estate portfolio.

12. When selling, even renting higher priced properties, stage the property.

13. Use banks, mortgage brokers and private lenders to finance your properties. And have some cash for renovations and repairs.

14. Grow your portfolio into different types of properties to reduce risk. Combine single family detached, condos and commercial properties.

15. Work with an experienced and competent realtor to help you select, analyze, negotiate and purchase properties. Use the same realtor to sell or rent.



So when you are ready to build your portfolio, I'd be delighted to hear form you. If you need to be connected with a preferred lender, I can help you there as well.

And if you are ready to search, you can do it here: http://phoenixscottsdalerealestate.blogspot.com/2013/07/2-better-ways-to-search-homes-for-sale.html

Richard Bazinet - Realty ONE Group - Phoenix Scottsdale Real Estate

15 Tips For Building Your Real Estate Portfolio