Category Archives: Real Estate

Common problems when buying an older home

Whether you live in an older home or are considering buying or remodelling one, there are old-house problems you should familiarize yourself with. Some may be seen as mere nuisances (charming even), but others can be downright dangerous. Before you take the plunge, get to know the signs and costs associated with the repair of some common problems.

First, just what is an older home? That’s hard to define. Anything 30 years or older definitely qualifies as an older home, in which some of the following problems may materialize, but clearly there is no magic number.

1. Foundation issues
If the floor is uneven to an extent you can easily see and feel while walking the home, the foundation certainly requires a thorough inspection by a structural engineer. But there are less obvious signs that commonly manifest themselves inside a home too.

Doors and windows that stick or do not latch properly can be caused by foundation issues, as can plasterboard cracks, especially over doors and windows. By executing a quick exterior inspection, you can check for bulges in foundation walls, or any section that does not appear plumb. You can also inspect the foundation for chipping and flaking, and if you see any, use a screwdriver to confirm the hardness of the concrete.

Hairline cracks in concrete are not usually indicative of a major problem, but an inspection by a certified structural engineer is the only way to know for sure whether something is an issue. Repairs to a foundation can be quite affordable, but if serious problems exist the cost will increase considerably, if they can be fixed at all.

read more at: https://www.domain.com.au/living/watch-five-common-problems-older-properties/?utm_campaign=strap-masthead&utm_source=smh&utm_medium=link&ref=pos1

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San Diego – Location of underground pipeline to move sewage from Morena plant to Miramar; will home values be effected?

sewer

Red line is proposed sewer line

San Diego City Council Tuesday night unanimously passed the location of a high-pressure underground pipeline to move sewage from San Diego’s Morena treatment plant to a facility in Miramar.

Residents say they’re concerned the pipeline could break, wreaking havoc on the area.

Neighbors are concerned over traffic, noise, property values, and even smells seeping out of vents. There’s a middle school, park, and hundreds of homes nearby.

read more at: https://www.10news.com/news/residents-fear-proposed-sewage-line-would-break

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San Diego home prices continue to gain in January

Home prices were up 6.9 percent in January over the last 12 months in San Diego County, said the S&P/Case-Shiller Home Price Index released Tuesday.

National prices were up less in the same time period at 5.4 percent. The biggest gainers were Portland, Seattle and San Francisco.

From December to January, the median home price in San Diego County, adjusted for seasonal variation, increased 1.1 percent, beating the national average by 0.6 percent.

David Blitzer, managing chairman of the Index Committee at S&P Dow Jones Indices, said in the report that home prices nationally continue to climb at more than twice the rate of inflation. But, housing supply is still a major issue.

“While low inventories and short supply are boosting prices, financing continues to be a concern for some potential purchasers, particularly young adults and first-time homebuyers,” he wrote.

Lack of housing supply is typically cited by analysts and real estate agents as a reason for increased housing prices and rent. The latest data from the U.S. Census, from July 2014 to July 2015, showed more people left the county than moved in — and housing is considered a major factor.

San Diego had the lowest drop in home inventory, 30.2 percent, in the nation from January 2015 to January 2016, real estate tracker Zillow said.

Read more at: http://www.sandiegouniontribune.com/business/real-estate/sdut-case-shiller-home-index-2016mar29-story.html

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