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General Real Estate

August 31, 2018 by Irene

Does Solar Add Value To Your Home?

Yes, No, Maybe

My favorite answer. Frustrating at times but it is true.

Let’s dig down…

Leasing Solar- No

If you are leasing a solar system you don’t own it so it is not adding value to the home.  Even if the solar lease has been pre-paid. The savings you may see on utilities is a bonus to the resident.  But the solar panels when leased do not add value.

Purchased Solar – Yes and Maybe

If you own the solar, it does add value to the home.  You own it and it conveys with the property.  YEAH!

If you purchase Solar and pay the solar off up front, most definitely the solar adds value to your home.  If you paid $30,000 for your solar, don’t expect to get $30,000 back in value.  Remember you also got about 10% back in tax credits, reducing what your out of pocket really was to around $20,000.  Depending on the age of the system, and the KW production of the system the value added will be something around or more likely below the $20,000.

If you purchased Solar with a loan, and you are still paying on that loan, the value added is different.  Like above, you still received your tax credits and may have used them to reduce the loan balance, also reducing your payment.  That is delightful on your wallet, especially over time.  Until you have paid down the loan, and have more equity in the system, the value it gives your home is significantly less.  And as the system ages your equity increases… you are not likely to reach the same value given to the homeowner who pays for the system up front until the loan has been paid off.

See, Yes, No, Maybe

If you are considering Solar, give me a call I am happy to share my knowledge with you.

Irene 480-788-0171

Filed Under: General Real Estate, Solar Tagged With: appraisal, appraisals, home sales, home value, solar, solar pannels, Tech Tips, utilities

February 21, 2018 by Irene

Not all Full Coverage auto insurance is truly FULL

No all full coverage will truly have you fully covered.

Join Barb Biaett, of Farmers Insurance and I as we discuss some coverages that may not fully hit the mark.

Filed Under: General Real Estate, Insurance

February 13, 2018 by Irene

How easy is it to change my Homeowners Insurance?

If you have a mortgage there is a good chance that your homeowners insurance is held in escrow and paid thru that escrow account. How easy is it to make a change? Easier than you may think. With the help of a good insurance agent it is a breeze.

Filed Under: General Real Estate, Insurance Tagged With: homeowners insurance, insurance

February 1, 2018 by Irene

Did you know you could save on your Homeowners Insurance just by living in a 55+ Community

That’s right

Farmers Insurance offers discounts for most of the Active Adult Communities.

Are you getting all the discounts you should be receiving?

Contact Barb Biaett to be sure,  602.404.4040

 

Filed Under: General Real Estate, Insurance Tagged With: 55 plus communties, 55+ communities, 55+ community, active adult communites, active adult communities, discounts, homeowners, Insuarnce

September 20, 2017 by Irene

Have you heard of a HECM?

Have you heard of a HECM?

Home Equity Conversion Mortgage?

Are you or your spouse 62?

You could live in your home without any mortgage payments.  Did you know that?

Its true.

 

Jacqui Hamilton
Concord Mortgage
[email protected]
623-900-1935

Filed Under: General Real Estate, Loans, Lending & Credit Tagged With: 55 plus communties, 55+ communities, 55+ community, active adult communites, HECM, home equity conversion mortgage, home equity mortgage, home sales, New Construction, retire in arizona, reverse mortgage

September 6, 2017 by Irene

What do Harvey and Irma mean for you and having your new home built?

As Irma heads to Florida, Houston is in the early stages of picking up the wet pieces and trying to look forward to sunshine filled and dry days.  

One area that is affected nationwide after a disaster like major Hurricanes is building supplies.

Building time frames will get longer in Arizona, and other states not affected by Harvey and Irma.   

Suppliers prioritize their materials to those locations hit hardest. (and it is mandated by the government that they do)  Builders in other areas and states have delays in their construction due to lack of materials.  This also means that the builders don’t require as many employees to just hang around and wait to swing their hammer.  The combination of lack of materials and fewer on hand workers result in delayed construction build times.  

If you are already contracted with a builder for your new home, plan on your closing date being pushed out.  If you are about to have a builder start your home, and they previously informed you of a 5-7 month build time.  That just got extended to 7-9 months.  

The builder purchase contract has a clause to allow them up to 2 years to get your home built.  Now they don’t want to take that long, but they have the right to.  That clause exists for times like these.

Many of the construction workers will leave states where they have resided and move temporarily to the areas that have been ravaged by nature.  Creating another challenge of not enough construction workers available when the supplies are once again readily available.  

Our prayers and donations are directed to helping so many recover from unimaginable loss.  

 

Filed Under: General Real Estate Tagged With: active adult communites, Arizona, build time, home sales, housing market, new build, New Construction

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Irene Hammond, SRES, e-Pro

[email protected]

480-788-0171

eXp Realty Arizona

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A recent client was looking for a community with a full wood working shop available to use.  There are not that many.  I headed to my computer and started checking with each community. Many do have wood carving clubs, but only a few are large enough and chose to do full wood working shops. Here they […]

  • Best Arizona Active Adult Communities for Bicycling
  • The Best Arizona Active Adult Communities with Mountain Views
  • An update for Trilogy at Vistancia

Do you already know about Trilogy Vistancia. Trilogy Vistancia is an active adult community located in Peoria and is part of the larger master planned community of Vistancia. The gated community is beautiful and offers a country club lifestyle with all the goodies you would ever desire plus. Trilogy Encanterra is an all aged country […]

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Irene A Hammond, e-Pro, SRES
REALTOR, Author
Call or Text me
480-788-0171
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eXp Realty Arizona
16165 N. 83rd Ave. #200
Peoria, AZ 85382


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