Kitchen Trends Add Value

The best return on your home improvement dollars is in the kitchen.  This article offers 10 suggestions for kitchen updates in 2017.

While the mailbox, garage and front door have the highest return for their costs, the kitchen is the #1 investment room inside the house. While you may not get 1:1 return you will get more of your money back in the form of a higher sales price than a home with a dated kitchen – you will get more bang for your buck than say, money spent on a bedroom.

Besides, don’t we spend a great deal of time in the kitchen? Especially when family and friends are over. Holidays, special events etc., often evolve around the kitchen.

Great 4 bdrm Hollister Home 4 Sale

003Watch the VIDEO Tour here, of 2141 Calistoga Dr. in Hollister. It will be like walking thru this comfortable home.

This single story house offers 4 bdrms & 2 baths on a raised foundation and has a good size, 3 car garage.

What a great location too: directly behind this house is 102 acres of grazing land and an unobstructed view of the Diablo Mtn. Range; a short walk takes you to the much sought after “Cerra Vista Elementary School”; the school has a large park the neighborhood enjoys; at the end of Calistoga Dr. is the popular ‘Whale Park’ with its water features, playground equipment and benches; a little over a mile away is “Ridgemark Golf & Country Club”; 15 min. or so takes you to the popular “Hollister Hills” offroad vehicle state park and, 20 min. north of this home is Gilroy Premium Outlets, big box shopping and CalTrains for an easy commute.

By definition 2141 Calistoga Dr. is a “turn-key” home: freshly painted inside and brand new carpet allows you to move right in and enjoy.

After watching the VIDEO Tour contact me for your own, personal tour. You can text, email or call me with your best time to see it.

Nice Home for Sale, Willow Glen

Here is a rare find: a large home for sale in the “Doerr Park” neighborhood in charming Willow Glen, 1817 Comstock Ln 004San Jose.  Its close proximity to major employers makes for a short commute. Watch this VIDEO Tour and then text, email or call me for your personal tour.

1817 Comstock Lane is a ‘Turn-key’, home featuring 6 bedrooms, 3.5 baths and over 2,600 sq. ft. of living space. It sits on a quiet, tree lined lane. There are two, full master suites. The downstairs master suite has a nicely furnished full bath and, a gas fireplace sitting area.  The kitchen has all of the conveniences: 5 burner gas stove, double ovens and a bun warmer, dishwasher, trash compactor, reverse osmosis water purifier and lots of cabinets. It has recessed lights and under the cabinet lighting. There are plantation shutters, double pane, vinyl windows, crown molding, hardwood floors and much more.

The garage also has several cabinets and a finished floor.

There are many other features to discover. For example, the highly rated schools and recreational facilities adds to the value of this nice home. You will be able to see them in this VIDEO Tour.

I look forward to your comments.

Coming Soon, Hollister 4 bd. 2 bth.

In about 2 weeks 2141 Calistoga Dr., Hollister, will go on the open market for sale.  When it does this 1,820 sq. ff. home won’t last long.  We’re pricing 003it to sell quickly.

This nice house will be freshly painted, new carpeting, and a refinished hardwood floor entry.  Unlike the new homes being built, the home sits on a raised foundation, has a remarkable view of the acres immediately behind it, the foothills beyond. and reasonable side yard space. Likewise, 2141 Calistoga has a cozy fireplace in the family room – many of the new homes near hear don’t have a fireplace.

If you would like to see this nice house before the open public does, text, email or call me.  I will arrange a tour of it for you.

Today’s Price vs. Bubble-Peak Price

In CA the average home ownership has been between 7 to 10 years.  So, now many home owners who, want to sell their homes, are having unnecessary hesitations. Their comments go something like this: “THAT’s all we can get for our house?! But we paid $X for it 10 years ago.  We’ll lose money if we sell at today’s price“.  So I ask: “Did you pay cash for your home?” When the home owners say: “no, we financed it” we have the following conversation.

Since you did not pay cash for your home, what you DID pay was principle, interest, taxes and insurance.  THAT’s what you have paid for your home, not the ‘Sales Price’ back then“.

Here is an example:  If they agreed to a sales price of $700,000 in 2006 and got a 90% home loan at 4.0% then what they have actually paid for their home looks like this: $198,293 principle (including the down payment) + $199,650* interest + $87,528* property taxes +$9,600 for insurance.  What they really paid was the total of $420,405 (*after income tax advantages).

So, if today’s market value is, say, $600,000 they didn’t really lose $100,000, they will actually get all of what they DID pay and another $179,595 ($600,000 – $420,405). That $179,595 is a 42.7% return on their investment!  Wow! What a different way to look at it.

Of course there were other expenses such as private mortgage insurance for a couple of  years, repairs and upgrades.  Still what they have actually paid for the home is considerably less than their original Sales Price.

Make sense?  If not, text, email or call me.  I’ll be happy to demonstrate your actual gain.

 

 

The 3 Piles When Moving

I have learned to share my “3 Piles” forecast with my sellers at the beginning of their listing. While it is inevitable, it is helpful to know where to put things when they start de-cluttering.

The dialog goes something like this: “You are going to touch everything in this home when you move. It will show much better after you have removed all of the non-essential furniture, decorations. and nick nacks. You’ll find that your things will go into one of 3 piles: Things you wonder why you ever kept; things you don’t want to keep but are still in good condition, and: the things you actually want to keep”.

Do you want to guess the size of each pile?  In reverse order: the smallest pile will be those things you plan to keep and move. The next, larger pile, will be those things you are not going to take with you but are in good condition.  This is the “donating” pile.  Lastly, the 3rd and largest pile will be the stuff you toss.

So have a garage sale or two to see if you can reduce the size of your ‘toss’ and ‘donating’ piles.  You will have less to take to Goodwill or the dump and your home will be more appealing to your prospective buyers.

Rare Find: Willow Glen Home for Sale

1817 Comstock Ln 004To find a home in the “Doerr Park” area of Willow Glen (San Jose, CA) for sale is a rare event.  Here you go: “Coming Soon” : 1817 Comstock Lane has 6 bedrooms and 3.5 baths in nearly 2.600 sq. ft of living space. There is marble, tile, granite, recessed lighting, crown molding, real wood floors, finished garage floor and too many other comfortable features to list.

This location is very near world renowned employers and the commute is minimal.

Then, when you consider that this home is in the “Cambrian School District” and that ownership of this home provides membership in the Doerr Park recreational facilities, you have a rare find.

We may be going on the open market in the next few weeks. Text, email or call me for more details.

The Brotherhood in Sports

I love the the team-member brotherhood* found in sports.  Check out these 2 touching stories: today, watch this in the NBL;

                                                                                                              and during the Olympics

In a remote way I often experience similar ‘closeness’ with a client through a difficult escrow.

“Things will work out”, Gordon B Hinckley.

 

*Meant inclusively, not gender specific.

 

Solar Panels vs. Resale of The Home

Here are 5 questions you want to explore BEFORE you decide to have solar panels put on your roof:

1.  How much will you save in your monthly electric bill over, say 5 years by installing solar?  Consider this total vs. the typical 20 yr loan offered for purchase of a system.

2.  Will the remaining balance on your solar purchase/lease be transferable when you go to sell your home?

3.  IF it is, will it be a ‘seller’s market’ (more buyers than homes for sale)? Or, will it be a ‘buyer’s market’ (plenty of homes to choose from vs. the fewer number of buyers)?

4.  Considering the speed of technological advancements, when you go to sell your home in the future, will your solar system be antiquated?

5.  Who is responsible for the integrity of the roof where the solar panels are installed?  For how long?

This year I have had to inform more than one home owner that their solar system loan/lease balance will have to be paid for by them.  Buyers seem to consider the value of a solar system equal to about 2 years worth of electric bill savings.  In my last 2 listings with solar panels, the sellers had to pay their remaining solar loan balance of $18,000 and $22,000 respectfully.

Do you know of a happier solar-seller situation?  Please share it.

 

Large Turn-key Home, Pool & Solar – Open House

059A0178I’m059A0203 hosting an Open House on the gorgeous home.  Watch this VIDEO Tour of it and you will see what I mean. Open Sat..7/30/16 from 2-4.

4 large bedrooms, 2.5 baths, 2,352 sq. foot of living space and a refreshing pool/spa in the backyard.

Located in ‘Blossom Valley’ 4475 Park Sommers Way, San Jose, there are so many wonderful venues. Again, they are mentioned in the VIDEO Tour.

037Why not stop by for some chocolate chip cookies and see for yourself how refreshed this wonderful home is.

Or, text, email or call me for your own, personal tour.