Category Archives: Real Estate

Should you renovate before you sell?

Posted on July 7, 2017 | Leave a comment

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Should you renovate before you sell your home? The definitive answer is … maybe. The truth is, it’s not as black and white as it seems, and it all depends on several factors.

First up, are you considering a renovation because you think it’s going to result in a greater sales price? If so, then you need to do some research and be smart about what you choose to change or add.

Take a look at the houses for sale in your area. Is there something they all have that you don’t have? Are you able to add that element to your property without vastly altering the existing footprint of the house? A good example would be if all the properties in the area have solar panels or an en suite, then you might need to add it so you are on par with the other houses on the market.

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What we can expect from the houses of the future

Posted on July 4, 2017 | Leave a comment

More and more houses are also going to have photovoltaic capacity to generate electricity, Wolfe says. “Therefore there needs to be a facility for the storage of battery cells and this may mean a new room or an extension of a garage,” he says.

“Energy efficiency is always something that will be a moving target. Material design and specification will facilitate the energy efficiency of houses and this is where innovation will play a big role.”

Ochiai adds he also believes future homes will make greater use of materials that require less maintenance to sustain. “This includes materials that don’t produce waste when you use them, such as prefabricated or prefinished material that is made off-site,” he says.

“I also think people will become more aware of the materials used, especially around chemicals. People are likely to keep their homes for a longer period of time because of housing affordability issues, so they will be demanding greater sustainability and longevity from them.”

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San Diego home Price hits new record

Posted on June 22, 2017 | Leave a comment

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The San Diego County median home price hit $530,000 in May, breaking the nominal record set last month and increasing 8.2 percent in a year, real estate tracker CoreLogic reported Wednesday.

Lack of homes for sale and slowed home construction appear to be major forces in new peaks set over the past few months leading into the traditional busy summer buying season.

In real terms, May’s numbers still are far off the peaks of the housing boom. When adjusted for inflation, the county nominal November 2005 peak of $517,500 equates to roughly $644,500 in 2016 dollars.

Alan Gin, economist at University of San Diego, said it is likely that nominal records will continue to be broken as the summer continues, especially with a strong economy and low unemployment rate.

“Construction is still lagging badly. There’s just not enough housing,” Gin said. “High demand and low supply mean higher prices.”

In May, there were 5,060 homes listed for sale in San Diego County, up by 279 from April but substantially below historic levels for the month, said the Greater San Diego Association of Realtors. There were 5,913 listings in May last year, 6,658 in 2015 and 7,029 in 2014.

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Category Archives: Real Estate

Should you renovate before you sell?

What we can expect from the houses of the future

San Diego home Price hits new record

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