Author: US Southwest

Real estate professionals hear about area development at lunch session

BULLHEAD CITY — The Bullhead City/Mohave Valley Association of Realtors devoted a lunch-and-learn session to economic development on Wednesday. Representatives of local government and the Bullhead Area Chamber of Commerce told local real estate professionals that often they are first people newcomers meet in the Tri-state, so they shared information with this group and encouraged them to offer it to people they encounter while attempting to sell homes or other real estate. About two hours of information was provided to help real estate people be goodwill ambassadors — especially when they are asked questions about the community and local...

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Rising Sales in Subdivisions Offer Positive Outlook For New Home Construction

“After a long 8 years of deep recession, from 2007 to 2015, which looked like a real estate tsunami for new home construction, our community is experiencing a mini boom in new home development”, says Mehdi Azarmi, Executive Vice President & Project Manager for Fairway Constructors, located in Fort Mohave, AZ. “Two and a half years ago, we started to test the market with the Santa Fe Planned Community, a 65 single family home development, and by the last quarter of 2018 we are sold out,” says Azarmi. “Meanwhile, we had our grand opening of our newest development at...

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Habitat for Humanity seeks local family for home ownership

BULLHEAD CITY — Bullhead Regional Habitat for Humanity is searching for an area family to help in becoming homeowners. Poeple interested in being considered are asked to attend an outreach meeting at 7 p.m. Tuesday in the Family Life Center of City Bible Church, 922 Marina Blvd., in Bullhead City. Rich Tempelman, president of the area Habitat, said the meeting allows people interested in obtaining a home to find out whether it’s potentially right for them. “The meeting will explain the Habitat partnership,” he said. It will include a PowerPoint presentation about the ecumenical Christian housing ministry and what’s...

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Is Remodeling Worth the Effort for Resale?

At some point during the chaos of every remodel, one question is asked. “Is it worth it?” Is it worth the upheaval? Is it worth the cost? Most important, is it worth the effort when it comes time to sell? The answer: it depends. It depends on where you live and what you choose to remodel. For example, the West Coast sees a higher return than does the Mid-Atlantic, according to CNBC. With regard to specific projects, the 2018 cost-vs.-value report from Remodeling Magazine shows that smaller upgrades vs. larger remodels get you the most bang for your buck. According to the report, those who remodel on a massive scale should expect a return of 56%. This is less than the steady return of 64% over the past two years. Why the drop? Craig Webb, editor of Remodeling Magazine, believes it is because some real estate professionals suspect their local market may be reaching its peak. He explains, “Consequently, spending a lot of money does not automatically mean your house will just ride the escalator up and be worth a lot more.” So, if you are planning a remodel in 2018, the rule of thumb is to keep it simple. Forgo a major kitchen overhaul for a simple upgrade that could recoup you 81.10% vs. 53.50%. Instead of building that addition to the master suite (ROI 48.3%), consider something with more curb...

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Prepping Your Home for Sale: Get the Most Bang for Your Buck

Every seller wants to maximize his or her profit. Partnering with a real estate agent is a great start. Homeowners can further increase their bottom line with a few simple steps. To get the most out of your house, complete the following before you list. Hire your own home inspector. If a buyer’s inspector finds issues with your home, you can expect your profit to shrink. Stay one step ahead by hiring your own home inspector to unearth any potential issues. Invest in repairs. In addition to addressing any trouble the home inspection reveals, it’s a good idea to have cosmetic issues addressed. Prospective buyers notice things like cracked tile, chipped baseboards, or a squeaky floorboard, and this will be reflected in their offer. Upgrade where it counts. You don’t have to renovate your whole house to turn a healthier profit. Make small, impactful swaps, such as switching out lighting, cabinet hardware, or shower heads for cleaner, more contemporary options. Add a few new accessories. Fresh flowers and potted plants go a long way in making a room feel inviting. For a cozier living room, drape a cable-knit blanket over the couch. String Edison bulb lights over a patio and put an Adirondack chair on the front porch. These small touches add major warmth. Treat it like a model home. To sell your house quickly and for the most...

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