Tag Archives: appraisal

Chula Vista- Nonprofit Agency’s Energy Upgrades on Homes Flagged

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More than 60 percent of the homes examined this year after weatherization upgrades overseen by a Chula Vista nonprofit agency failed inspection, state records show.

This is the latest blow to the South Bay-based Metropolitan Area Advisory Committee, or MAAC, Project, which received millions in taxpayer money to caulk windows and doors and make other weatherproofing improvements.

Is there a way to make sure you are getting what you/we paid for?  Once the work is done hire your own HERS rater and have them do a “test out.”  A test out is when they test your homes envelope to make sure all the upgrades done are working properly and making your home more energy-efficient.  Contact the appraisers at www.scappraisals.com for your home’s energy efficient questions;  their appraisers are BPI certified building analysts.

Records from the state’s Community Services and Development agency show that of the 34 apartments or homes spot-checked between Feb. 4 and Feb. 7 of this year, 20 were reported as receiving failing grades. In the previous inspection, in September 2012, 19 units were inspected and 14 failed.

Problems with ventilation in buildings were noted, as well as making sure that Department of Energy-approved climate zone materials were used for weatherization. About two-thirds of the failed inspections were because of poor record-keeping, a state official said.

The inspector noted on the reports that these issues “were being explained to crews … and should have no problems anymore.”

This is not the first time that MAAC has had problems with its weatherization program, which is in part funded by federal stimulus dollars under the American Recovery and Reinvestment Act.

In a 2011 report examining federal stimulus spending in California, the state Office of the Inspector General found deficiencies in how the charity accounted for its home-weatherization projects. Grant money was being mixed in with regular nonprofit funds.

A letter from then-Office of Inspector General Laura Chick stated, “The financial and business operations of MAAC are severely deficient and need a complete and immediate overhaul.”

That same year, state auditors said the agency was high risk and temporarily suspended energy upgrades for low-income homes, demanding an overhaul of the program.

It was a whistle-blower complaint in 2010 that led to a series of audits reviewing the agency’s energy upgrade programs, which provide free furnaces, low-flow showerheads, windows, doors, caulking and weatherstripping in low-income areas.

MAAC has received $2.3 million in taxpayer money for weatherization over the past four years, according to state officials.

Read more at: http://www.utsandiego.com/news/2013/apr/20/tp-nonprofit-agencys-upgrades-on-homes-flagged/?print&page=all

Disclaimer: for information and entertainment purposes only

San Diego – New Homes Getting Hard To Find

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If you can’t find a sales agent to help you at new housing projects in the county, don’t be surprised.

Sales are up 17 percent over year-ago levels, and there’s not much inventory of unsold units available, according to the New Housing Monitor published by the Hanley Group in Oceanside.

Are new construction valued differently than older homes?  Contact the appraisers at www.scappraisals.com for your value questions.

As of March 31, 775 homes — 519 detached and 256 attached — had been sold since the beginning of year, compared with 661 for the same period last year. That’s the highest for this time of the year since April 2007’s 2,119 sales in the pre-bust cycle.

The number of weeks of inventory at the current sales pace dropped to only 5.6 weeks, the lowest for the same week of the year since the five-week level in 2004. Inventories rose to as high as 57.4 weeks for the same point in 2008 on the eve of the Great Recession.

This year, the opening inventory for the second quarter included 336 new houses, condos and townhouses for sale, down 68.1 percent from 1,054 homes at this same period last year.

Homes planned but not yet released or built totaled 12,646, but builders are not moving fast enough to replace the sold units with new ones.

Read more at: http://www.utsandiego.com/news/2013/apr/13/tp-new-homes-getting-hard-to-find-in-san-diego/

Disclaimer: for information and entertainment purposes only

Renovating for Profit

If there was ever a lesson that renovating is a mugs’ game – it was in the bitter disappointment of Mark and Duncan at The Block All Stars auction.

Despite six weeks of hard work – and stress – the buyers just didn’t fall in love with the fellas’ quirky ideas.

There was the fish tank (beautiful but requiring effort to maintain it) in the fireplace. The kid’s bedroom – a great idea, well-executed but limiting the buyer pool to someone with children (boys in particular), or a purchaser prepared to redecorate or rip out the room and start again.

And the “silent” talking birds in the backyard – although admittedly you could easily remove the bird cage if it wasn’t your thing.

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There were plenty of elements that those on the hunt for a property could either love – or hate – at Mark and Duncan’s.

Even the animal-print splashback in the kitchen was different enough to potentially divide the market.

And while the backyard was gorgeous, its multiple levels and fish pond almost certainly would have put off families with babies and toddlers who wanted a safe, easy garden (like Phil and Amity’s) and investors desiring a property that had broad appeal to renters. The boys’ garden design was also somewhat at odds with the kids’ room inside (although admittedly the bedroom was designed for older kids).

Will your renovations add value to your home?  Contact the appraisers at www.scappraisals.com for your value questions.

Is the lesson that when you’re renovating with the intention of selling you should keep it safe, go mainstream and some might even say, a little boring?

In some ways, yes.

Read more at:http://smh.domain.com.au/blogs/talking-property/renovating-for-profit-20130326-2grru.html