What are the Best Home renovations for your money!

SAVING MONEY!Every year homeowners invest large sums of money remodeling their homes. With the high cost of material and labor these home remodeling projects are usually homeowner DIY projects.

The value of remodeling projects depends on several factors such as how old is the building, the general condition, and the real need for the project.

Keep in mind that the appearance of a house on the outside is what gives an initial and lasting impression. Keeping the exterior paint in good condition with no flake or chip and a roof should be clear of damaged shingles would it be your first step.

If paint on window shutters or trim is chipped, a new coat will refresh them and give your house a whole new look. These are inexpensive investments that are worth the cost.

Bath and kitchen areas are the most important rooms within a home. Remodeling a kitchen or bathroom can cost thousands of dollars but in many cases all they need is some sprucing up with paint or new floor material. Replacing an antiquated bathroom vanity and an old toilet is not very expensive and is not considered a major bathroom remodeling job. Buy new bathroom fixtures from bathroom designer warehouses at cut-rate prices. All these remodeling tasks are worth the investment.

Stained or messy flooring in the bathroom, laundry room or kitchen can reflect a disinterested homeowner, and these areas can be improved quite easily. Remove the varnish off of worn floors and reapply. Replace a dirty carpet for something more in tune with modern design.

These remodeling suggestion are inexpensive and are worth the investments. But before investing a great deal of money into an old home, determine what the return will be on the investment based on market value or how long you plan on staying in the house.

Certain home renovations are a win-win situation, providing enjoyment to you, the homeowner, and then making your home more marketable, and worth more, in the future.

 

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Pending Existing Home Sales dropped Unexpectedly

sold-sale-sign-over-clouds-grass-house-14063253The index of pending home sales fell 1.8 percent, the first drop this year, after a revised 0.6 percent increase in May, according to the National Association of Realtors figures shown last Wednesday in Washington.

The Commerce Department figures showed last week that Purchases of new U.S. homes fell also 6.8 percent to a 482,000 annualized pace in June, the weakest since November.

Sandy Flores Broker/Realtor (714)963-7462

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Ready, Set, GO!

actnowDon’t obsess with trying to time the market and figure out when is the best time to buy.  

Trying to anticipate the housing market is impossible.

The best time to buy is when you find your perfect house and you can afford it.  Real estate is cyclical, it goes up and it goes down and it goes back up again.

So, if you try to wait for the perfect time, you’re probably going to miss it out!

 

Real Estate? Yes, it is for Real!

Real Estate? Yes, it is for Real!

SOLDSpring’ season gains are good news for Housing Market. New home sales spiked by nearly 20 percent year-over-year in March up to about 481,000, according to a report from HUD and the U.S. Census Bureau. It was the highest level the market has experienced since 2008.

Existing home sales also jumped in March, by 6.1 percent, the largest monthly increase since December 2010, according to the National Association of Realtors.

The NAR Pending Homes Sales Index increased by 11.1 percent year-over-year in March and has been gaining momentum hitting into its highest level in nearly two years.

Timing the Real Estate Market?

Timing the Real Estate Market?

Don’t obsess with trying to time the market and figure out when is the best time to buy.  actnowTrying to anticipate the housing market is impossible.

The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and it goes back up again.

So, if you try to wait for the perfect time, you’re probably going to miss it out!

 

Number of Foreclosure filings declined once Again!

Number of Foreclosure filings declined once Again!

IndepRevBlogThe number of residential foreclosure filings in the U.S. declined by 9 percent from October to November despite a yearly spike in the number of foreclosure starts. According to RealtyTrac‘s U.S. Foreclosure Market Report for the month of November 2014 released on Thursday 112,498 foreclosure were filed, including default notices, scheduled auctions and bank repossessions reflecting a decrease of 9% from the previous month and down 1% from a year ago.

This marks the 50th consecutive month with a year-over-year decrease in overall foreclosure activity. The report also reflects that one in every 1,170 U.S. housing units with a foreclosure process were filed during the month.

Among the nation’s 20 largest metros, those with the five highest foreclosure rates were Miami (one in every 394 housing units with a foreclosure filing), Tampa (one in every 432 housing units), Baltimore (one in every 576 housing units), Philadelphia (one in every 625 housing units), Chicago (one in every 716 housing units) and Riverside-San Bernardino-Ontario in Southern California (one in every 725 housing units).

Consumer Sentiment: Moving Forward!

Consumer Sentiment: Moving Forward!

Consumer confidence declined in September, rebounded in October and jumped more than two points in a preliminary November estimate, beating economic forecasts and hitting a more than seven-year high.

The Thomson Reuters/University of Michigan Index of Consumer Sentiment registered 89.4 in a mid-month reading, the best showing since July 2007. Economists had forecast the measure would hit 87.5, with some predicting as high as 89.

What factor have contributed to this improvement? The declining of oil prices and an improving job market were probably the main factors that led to this surge in consumer sentiment. A more favorable business conditions perhaps also helped the consumers’ view of the present situation. This solid increase suggests consumers have largely dismissed concerns about slowing global growth and have ignored the sharp swings in financial markets earlier this month

US consumers expect better economic growth and rising incomes in the coming months and overall positive growth in our economy, leading to a stronger dollar and making other investments more attractive. Consumers regained confidence and are more optimistic now about their future earnings potential, and with the holiday season getting closer and closer, we may see ever higher numbers in consumer’s confidence.

What about the Housing Market? Considering that the Federal Financing Housing Agency has recently opened more doors for eligibility criteria in the purchase of  homes, we expect to continue with good news about the economic outlook in general.