Tag Archives: homeowners

Money Monday: Affordability for renters and homeowners

“Affordability is a much more pertinent issue for renters than homeowners, according to new research from CoreLogic, a real estate data firm. Since 2005, the monthly cost to rent a single-family home has risen significantly, while the monthly principal-and-interest mortgage payments of homeowners dropped slightly.

“CoreLogic’s national rent index jumped 36 percent in December 2018 compared to December 2005. On the other hand, the typical mortgage payment fell 4 percent over that same period…” (REALTOR Magazine. “Report: Do Homeowners Fare Better Than Renters?” 18 April 2019.
https://magazine.realtor/daily-news/2019/04/18/report-do-homeowners-fare-better-than-renters)

Read it on REALTOR Magazine.

Money Monday: Is owning or renting better?

“Affordability is a much more pertinent issue for renters than homeowners, according to new research from CoreLogic, a real estate data firm. Since 2005, the monthly cost to rent a single-family home has risen significantly, while the monthly principal-and-interest mortgage payments of homeowners dropped slightly.”

Read more from Realtor Magazine here on the report.

Money Monday: DIY remodeling

In an effort to save money, some homeowners take on DIY projects, instead of hiring a professional.

But is it worth it?

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: Should you sell your house with a Realtor or on your own?

Many homeowners decide to sell their home without hiring a Realtor. Does listing your home with a real estate agent or listing it as a For Sale By Owner (FSBO) make more sense?

Well, the CALIFORNIA ASSOCIATION OF REALTORS believes that homesellers going the FSBO route will spend more time trying to make a sale, and end up with a lower selling price than if they had used a real estate agent — and they have some statistics to back them up.

Take a look at their infographic below, and if you are selling and would like a Realtor to do the job for you, give me a call! I’m here to help you get your home sold! John A Silva, (619) 890-3648

reasons to hire a Realtor

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Money Monday: First-time landlord tips

Renting out your home or another property can be nerve-wracking.

There’s a great article from Yahoo Finance on how to go about being a landlord. Here’s a handful of their tips, but click over to their article for all of the tips and details.

  • Make rent collection a priority.
  • Purchase and require insurance.
  • Screen all potential tenants.

Money Monday: When to DIY or hire a professional

What to spend money on (and what to DIY) as a new homeowner

diy home improvement“After the thrill of buying a new home wears off, new owners can get overwhelmed thinking about all the new costs incurred.

“You may be tempted to outsource it all. But maybe you’re not made of money? Besides, there are things that are worth doing yourself.

“For homeowners embarking on something new, it may not be clear what to take care of or how, and when to try to do it yourself and when to call the pros.” Here are some guidelines from CNN:

What to spend money on (and what to DIY) as a new homeowner.

Money Monday: How Homeowners are Paying for Popular Projects

As a homeowner, you typically want to make the place your own by doing home improvements. But what projects are usually done? And for #MoneyMonday, we’ll look at how it’s paid for.

Projects are typically done on a large scale. Here’s what gets tackled:

  • 43% focus on outdoor projecs
  • 31% are bathroom remodels
  • 28% on the unfortunate home repairs
  • 26% done on kitchen remodels
  • 16% narrow in on the garage
  • 5% are about the pool

And how are they paying for it? A surprising 62% of homeowners tap into their savings! (Way to go, financially savvy owners!) For those who don’t have the cash resources, they turn to the following to cover their house project:

  • 30% use a credit card
  • 13% take out home equity line of credit
  • 10% use a vague “other” method of payment
  • 9% liquidate or pull money from investments
  • 5% use a home improvement loan

As far as what you should focus on if you’re thinking of improving your house for the purpose of putting it on the market? Here’s projects in 2017 that had the best resale ROI.

And call me if you’re selling in the San Diego County! I’d love to have an opportunity to interview for the position of selling your home! John A Silva — 619-890-3648.

This infographic can be found here at CAR.org.

Single Women Outbuy Men in Homeownership

A rising real estate trend

There is a rising trend in residential real estate – in the single family homes sector. Builders of new homes are tailoring their design and subdivisions in order to gain single women homebuyers.

Nationwide last year, single women made up 18% of homebuyers, while single men only accounted for 7% of all home sales, according to the National Association of Realtors.  This category of single women included those: never married, widowed, and divorced. Spending for single women also is more than it is for single men, on average. Single women are now the second highest group of purchasers, behind married couples of all homes.

This trend is expected to increase over time. The evolution of real estate ownership, as well as the evolution of business leadership, will both increase for women in years to come.

See link for more details: realtormag.realtor.org/daily-news/2018/05/11/single-women-outbuy-men-in-homeownership

For more info on getting your best deal on your dream home, or for a free valuation of your home, please call me, John A Silva, now at 619-890-3648 — and as always, have a blessed day!