Open House January 2, 2020: 2 Bed, 1 Bath in 55+ Community

On Thursday, January 2, REALTORS® Tamara Powers and Crystal Fletcher will be hosting an open house at 2000 Ramar Rd, #4, in Bullhead City, AZ from noon to 2 p.m. Arizona time. This 2 bedroom, 1 bath cutie is located in the Riverview Resort, a 55+ resort with tons of ameneties including a beautiful golf course, two heated pools with indoor and outdoor spas, tennis and pickeball courts, horsehoe pits and a fantastic clubhouse. The resort is gated with a 24/7 on-duty guard for extra security. For more information, call US Southwest Realty at 928-763-2288 and ask to speak...

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Bullhead City Reported As Most Affordable City in Arizona!

BULLHEAD CITY, AZ., November 8, 2019 – The Cost-of-Living Index (COLI) Annual Average Data report for the third quarter of 2019 was released and Bullhead City is once again the most affordable city in Arizona. Statistics show it is also one of the most affordable cities in the nation. Bullhead City was reported again as the most affordable city in Arizona with an overall composite index of 91.5 percent. This report represents the average prices submitted by the participating 268 urban areas nationwide. “Bullhead City residents and visitors enjoy the most affordable gas, food, utilities and retail prices. This...

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BULLHEAD REGIONAL HABITAT FOR HUMANITY ANNOUNCES GROUND BREAKING CEREMONY

NONPROFIT KICKS OFF THEIR GROUND BREAKING CEREMONY FOR THEIR 3RD HABITAT PARTNER FAMILY, THURSDAY, OCTOBER 10TH AT 2:00 PM. LOCATION: 983 SWAN DRIVE (across from BHC Rotary Park) Join the Bullhead City Regional Habitat for Humanity, a nonprofit Christian Organization, for their Ground Breaking Ceremony at 2:00 PM on Thursday October 10th. The next Habitat partner family will be breaking ground with Habitat shovels for their new Habitat home. The home lot is located at 983 Swan Drive next to the Rotary Park off of Riverview Drive. The Chambers family was selected after visiting their trailer in spring of...

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Bullhead City Chosen Once Again As The Most Affordable City in Arizona!

The Cost-of-Living Index (COLI) Annual Average Data report for the second quarter of 2019 was just released and Bullhead City is once again the most affordable city in Arizona and one of the most affordable cities in the nation. Bullhead City was reported again as the most affordable city in Arizona with an overall composite index of 91.1 percent. This report represents the average prices submitted by the participating 255 urban areas nationwide. A city’s composite index is made up of six components; grocery items, housing, utilities, transportation, health care and miscellaneous goods and services.  The cost-of-living doesn’t measure local price changes from period to period, but rather changes in how local prices compared to prices in other areas from period to period.   The breakdown of the six components for the City of Bullhead City this reporting period is 89.3 percent for housing costs, 85.7 percent for utilities costs, 96.9 percent for transportation costs, 91.6 percent for healthcare, 98.4 percent for grocery items and 89.5 percent for misc. goods and services. When compared to the other Arizona cities that participated, Bullhead City is the lowest in utilities and transportation, second for miscellaneous goods and services and third for healthcare. The City’s low cost of living continues to drive the economy, which is very attractive to new businesses looking at opening a new location away from higher costs areas such as...

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Can First Responders See Your Address In An Emergency?

When responding to an emergency, minutes matter. First Responders can lose precious time getting to the location where they are needed because they cannot locate the home or business due to address numbers that are not easily visible from the street. If you cannot see your address when you drive up to your home or business in the daylight, imagine how difficult it would be for emergency responders during the night. The Fire Board of the Bullhead City Fire District adopted requirements long ago (August 2003) that all new and existing buildings, including residential, commercial and industrial facilities, must...

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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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Closing Costs: It’s about More Than Your Down Payment

The first step in buying a home is deciding on a budget. How much house can you afford? Within what price range will you shop? A down payment is, unfortunately, only one part of that budget. To correctly determine the affordability of a home, it’s essential that prospective buyers consider the costs that arise at the time of closing. Closing costs vary from state to state. There are different kinds of closing costs, too: lender costs, including origination and document preparation fees, and nonlender costs, including appraisal and survey fees. Some of these costs are required in certain states, while others are not. It’s also important to note how the market can impact closing costs. In New York City, for example, home prices are higher, which can result in higher lender fees. In today’s market, buyers seeking a conventional loan typically need a 20% down payment to receive optimal rates. As buyers plan their purchase, it’s important to factor in closing costs on top of this 20%. The final total is dependent on the location of the property. Consult with your real estate agent about closing costs in your area – he or she knows the local market...

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What You Need to Know before Becoming a Landlord

Thinking of becoming a landlord? While this can be financially and personally rewarding, you must do your homework before you take the leap. To help you learn the ropes and avoid any costly missteps, here are some handy tips of the trade. It cannot be overstated how important it is for landlords to do their pre-closing homework. During the home inspection, remember to take a thorough look at the property to see what will need to be repaired or replaced. For example, you might want to change the toilets to low-flow models. You’ll also probably want to invest in essential upgrades to three common areas: water, door locks, and flooring. Don’t make the rookie mistake of underestimating the costs of fixing and maintaining the property, both before and after a tenant has moved in. Most landlords account for insurance and taxes, but it’s easy to miss expenses like garbage, gardening, and regular maintenance. According to Money, you should set aside at least 35 to 45% of your annual rental income to cover these costs. (And when you’re calculating this income, it’s a good rule of thumb to account for only 10 or 11 monthly payments per year.) When it comes to finding a tenant, don’t be too relaxed. Interview prospective tenants on the phone first to find out if they meet your requirements. Then, it’s important to check your potential...

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