Solar Panels…Are they a good investment? What you need to know.

So you agree to meet with the solar company that called and they are offering solar panels to you at no initial cost. They say that they will save you significant money on your electric bills. You want to save money and our planet so you sign up. Then a few years later you decide to sell the house. You just know that those solar panels will help sell your home and at a higher price…Right?

That’s not always the case… the buyer really likes your home, then their real estate agent tells them that they will need to qualify to take over your solar lease payments for the next 15 to 17 years! If they don’t qualify for the solar lease they can’t buy your house.  Or another scenario unfolds…the buyers won’t make an offer unless you buy out the remaining lease payments…OUCH! This can be tens of thousands of dollars! They are worried about the solar equipment-what if it needs to be repaired? What will it cost me? Will I really save that much money on my electric bills?

Be aware of the potential challenges with buying or leasing solar panels and make sure you understand before you sign on the dotted line!

Is the Valley heading towards a real estate bubble?

 

Growth or “Bubble”?

The Phoenix/Scottsdale appears to be steadily emerging from the real estate crash in 2008, but is the city headed toward a re-bubbling of the market and repetition of all the sordid problems of that historical time?

While some critics believe history is destined to repeat itself, key players in the metropolitan Phoenix real estate industry believe such gloom-and-doom soothsaying is bogus and completely without merit.

Michael Orr, director of the Center for Real Estate Theory and Practice at the W. P. Carey School of Business at Arizona State University, believes the Metro Phoenix real estate market is healing and stabilizing. “The idea that there is another bubble in the real estate market is absurd. We are just seeing a normal reaction to lack of supply. Prices are still below the long-term trend line and none of the conditions that define a bubble are currently in existence.”

Based on historic average (past 20 years) we are increasing at a healthy increase of 5-6%. Our supply of 16,753 homes for sale when we should have 40,000 homes for sale. This translates to a 2 month supply when we should have a 4 to 5 month supply of homes. This has created a seller’s market. Low supply high demand and the increase in the population will continue to sustain a healthy market

See what your home is worth today!

Check out these trending floors!

When it comes to flooring, most people want something that is stylish and practical.

Flooring trends typically change throughout the years as many homeowners acquire new taste and technology advances creating new varieties of flooring. Here are some Trending 2018 floor styles that will make your home look stylish and amazing!

Hard Wood:

Solid Hard Wood flooring is certainly a durable flooring option and high quality, well-maintained hardwood floors will outlast us all! Choosing the right species of hardwood floor is a major factor of how durable the floor will be. Some of the most durable hardwoods are Brazilian Walnut and Ipe.  And some of the most popular hardwoods used today are Red Oak, White Oak, Maple and Brazilian Cherry.

The average cost for homeowners to install Hard Wood Floors is $4,113, with most homeowners spending between $2,952 and $4,646. Pre-finished solid wood flooring prices start at about $4 and can cost as much as $12 per square foot, but most is found in the $4-$10 per square foot price range.

Some of the colors trending with Hard Wood Floors are; dark browns, grey, light, and white washes.

Porcelain Plank Tile:

 

Porcelain Plank wood tile has always been available but has only recently found popularity with global décor trendsetters, thanks in large part to vastly improved technologies that make the wood effect more realistic than ever. Although colors and patterns of wood-like tile may change from year to year, its popularity in dazzling, contemporary home designs is here to stay.

Porcelain Tile floors are waterproof. So, they are often used in areas that may have water or moisture like kitchens, bathrooms, and basements and on top of concrete sub-floors where it may be difficult, inappropriate and too expensive to install solid hardwood flooring.

The average cost to install Porcelain Tile Planks is $1,986, with most homeowners spending between $1,008 and $2,048. Average budget ranges at around $3 per square foot to exclusive ranges from upwards of $15 per square foot.

The colors trending with Porcelain Plank Tile floors are cooler tones such as whites, grays, and espressos.

Vinyl Plank:

 

Forget the ugly vinyl tiles of the past. Plank shapes that are long and narrow, mimicking real wood boards; “click” joinery, allowing adjoining boards to snap together; and improved embossing techniques, vinyl flooring is gaining in popularity once again.

With superior resistance to moisture Vinyl flooring has gained popularity among many homeowners looking for a less expensive floor alternative.

Vinyl flooring ranges from extremely inexpensive, about $0.50 for thin vinyl squares in basic patterns and styles, to moderate about $3.00 for a vinyl plank in so-called premium luxury styles.

It looks and feels amazing, and it’s a floating floor, which means that it can go on top of virtually any type of surface, including tile, as long as the surface is flat and level.

Furthermore, for all those do-it yourself folks, this is a project you can do on your own.

What’s your favorite flooring trend?