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Twin Falls Idaho Real Estate Blog

Sid Lezamiz

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Finally Home!

by Sid Lezamiz

Finally Home!

Created under the leadership of former Governor Phillip E. Batt in 1997, Finally Home! is an educational course designed to learn the process of buying a home in Idaho.

The course will give a prospective first-time homebuyer a solid base of understanding of the home buying process and requirements, including mortgage programs, qualification requirements, credit, budgeting and fees connected to purchasing a home. Completion of the course will reveal sources of funding help in the form of down payment and or closing cost assistance, lower rates and gifted funds.

The course is completed in 6 hours and is available in a traditional classroom setting. An online version is also available. There is a $20 fee for classroom instruction and the online version is $50. The online version is offered in either English or Spanish.

Finally Home! is being offered:

May 22 and May 24, 2018, 6:00 PM – 8:30 PM (each session)

College of Southern Idaho

Taylor Building, Room 276

315 Falls Avenue Twin Falls ID 83301

Both sessions are required attendance for a completion certificate.
• Pre-registration is required by calling 208.732.6442
• Online @ Finally Home! Registration


http://www.lezamizrealestate.com/blog/Finally-Home

Garage Condos

by Sid Lezamiz

Garage Condos

Buy a condo for your vintage car, boat or RV. Really? It appears to be a growing trend to address how and where to store upscale motorized toys. Multiple cars. Vintage and collector cars. RV’s. Boats. A garage condo is a climate-controlled place to warehouse out of the weather, work- on and enjoy your luxury and recreational vehicles, or other storage items.

Rather than rent a storage unit or multiple storage units, garage condos give you the option to buy your own storage area that is plumbed, heated, wired for phone, cable TV and internet. You receive a deed, title insurance along with all the benefits of owning commercial real estate.

Car lifts, lofts, kitchenettes and seating areas with large screen TV’s, are a few of the popular features condo owners install after purchase. The condos cannot be used for living quarters but can be accessed 24 hours a day.

Established now in bigger metropolitan areas, the introduction of garage condos has been a hit. The concept is sure to find its way to less densely populated areas. As with traditional condos, layout, size and amenities vary. Common areas are maintained by traditional HOA monthly fees.

One advertisement proclaims, "a solution for now….an investment for the future".

 

http://www.lezamizrealestate.com/blog/Garage-Condos

Fire Pits

by Sid Lezamiz

Fire Pits

Outdoor living has become increasingly popular and continues to be a very good way to improve your property for your own pleasure and to add value if you are selling.

Fire pits can be a cost-effective way to glam up a patio or deck area if you are selling your home and the current outdoor living amenities consist of a only a door to the backyard. Surrounding a firepit with comfortable outdoor chairs, like Adirondacks will easily create a pleasing and inviting area.

Fire pits create a warm area on chilly evenings, can be cooked or grilled on, keep away gnats and mosquitoes and generate a relaxing ambiance. A great evening area for family and friends to unwind and roast marshmallows for S’mores.

Free standing fire pits are readily available in big box stores, nurseries and discount stores. There are many custom fabricators on the internet who ship nationwide. You can spend as little as $100 or into the many thousands for custom and onsite integrated systems.

The enjoyment and enhancement to your property makes a fire pit a great idea for a spring project.


http://www.lezamizrealestate.com/blog/Fire-Pits

Earth Day

by Sid Lezamiz

Earth Day

Earth Day is officially April 22, 2018. This year’s Earth Day theme, End Plastic Pollution.

Americans use up to 500 million plastic straws every day. From fast food restaurants use in every drink, to iced coffees, to even plain water, Americans don’t give a second thought to using plastic straws for everything.
Many of these straws and other plastics (bottles and bags) end up in the ocean. Nearly 90 percent of the debris in our earth’s oceans is plastic.
The oceans magnificent sea life accidently consumes this wayward plastic debris. Thousands of whales, birds, seals and turtles are killed each year after consuming plastic debris.

Become vigilant about plastic waste and conserving our earth’s resources this Earth Day. Create a conservation routine for your family.

Reduce. Reduce your use of plastic. Use paper straws, or no straws. Use inexpensive fabric bags for groceries rather than plastic bags, reusable travel mugs for drinks.
Reuse. Reuse plastic bags and plastic straws. If it can be cleaned, reuse it.
Recycle. The most important mantra to save our earth. It isn’t hard to separate recyclables. Most cities provide receptacles and pick up. Become a recycling fanatic. Recycled bottles can made into t-shirts, carpeting, insulation.

Help end plastic pollution beginning now, Earth Day 2018.


http://www.lezamizrealestate.com/blog/Earth-Day-2

Folklore About Listing Prices

by Sid Lezamiz

Folklore About Listing Prices

Tales get told and re-told and somehow develop into fact. Some tales that are told and passed along are devoid of fact. The following real estate folklores concerning listing prices in real estate, will not generate a fast or full price offer.

Price high to make more money. The number one mistake in pricing. Market value is the guide in any real estate climate. It is what it is. If the market analysis says a certain number, it doesn’t matter if you have more invested in the property or think it is worth more. The market controls the value of your property at any given time in any given market. It is worth what someone will pay for it.

Price high and lower later if it doesn’t generate an offer. Not only will you miss potential interest in the first most important days of a listing, but if your property lingers and you lower the price to market value, it has already been branded a dud. Buyers will be skeptical.

Purchase price plus renovations equals market value. Not even close. Remodeling magazine predictions for the Mountain region, which includes Idaho, the biggest return on investment is a front door at 91% or a garage door replacement at 96%. Expect that a major kitchen remodel will return only 59% of the total cost.

Be mindful of correct market pricing. Overpricing can have a devastating effect on marketability and offers. Pricing correctly the first time almost always nets the biggest potential for timely acceptable offers.


http://www.lezamizrealestate.com/blog/Folklore-About-Listing-Prices

Outdoor Lighting

by Sid Lezamiz

Outdoor Lighting

It is spring and time to clean up the winter rubbish from your lawn, fertilize, trim landscaping shrubs and trees and glam up the curb appeal. One addition to the curb appeal of your home that has many options is lighting.

LED lighting not only illuminates better but is very cost effective to operate. Lighting the outside of your house and yard does not require a second mortgage to achieve.

Front door. Simply turn on the front door lights at dusk and off at midnight. An inexpensive timer will do the job for you. Doing this not only gives your home an inviting presence but affords a sense of security.

Landscape. Landscape lighting kits are readily available at big box stores. Installing the linked lights to illuminate your landscaping can literally bring your home to life. Lighting your landscaping creates a pleasing homey feel.

Backyard. The current trend of clear bulbs rope lighting is especially effective on a patio or deck. String the strands of lights crossway on a deck overhang or pergola and you instantly create a welcoming place to eat or relax. Keeping the lights lit even when you are not using the area expands visually your living space from inside the house.

When selling your home, outdoor lighting is especially helpful. Having your home lit allows interested drive-by viewers to see it in a soft glow rather than a cold dark void. A very good first impression to make.


http://www.lezamizrealestate.com/blog/Outdoor-Lighting-2

The Importance of Home Maintenance

by Sid Lezamiz

The Importance of Home Maintenance

The initial cost of buying, financing and closing a house is only the beginning. It is easy to focus on down payments, closing costs, inspections and appraisals, without planning for maintaining. Homes that have been well maintained are the ones that show best, live best and hold their value best.

Prepare to become proactive with routine maintenance. It will extend the life of the structure of your house and appliances and save money. It has been estimated that the average house will experience 50% replacement over 30 years.

Plan on <1% to 3% of the cost of a house to be budgeted annually for maintenance and repairs. A new construction home will have a warranty and expectation that major items will be covered for several years.

An older home may be without warranty and expectation for a larger percentage to be spent on maintenance and repairs. Starting a separate savings account and funding it monthly will create a reserve and encourage timely repairs.

Protecting and maintaining your home, will not only provide the best quality of life while living in it, but will also protect the best chance of increasing the value in an up market and sustaining the value in a down market.


http://www.lezamizrealestate.com/blog/The-Importance-of-Home-Maintenance

What are Comps

by Sid Lezamiz

What are Comps

The term comps, used frequently in the real estate industry, is simply short for comparable sales.

In the task of generating a listing price for a property to be sold, a listing agent finds recently closed or pending transactions that are similar to the property that is being listed. Using the closing information of multiple comp properties serves to guide the agent to arrive at the current value or market value of the property.

An active listing agent is knowledgeable about current real estate sales. They are in and out of properties daily and can be extremely accurate when using comps to calculate listing prices. Within the comps that are used, there is a method of adding to or taking away from the listing price. As an example, the listing agent knows that one of the comp kitchens is dated and has older appliances. Comparing that comp sale to the new listing property that has a newly updated kitchen with newer appliances, will generate plus dollars for the new listing.

Using a licensed professional listing agent to sell your property comes with valuable training, experience and irreplaceable day to day knowledge of local real estate.


http://www.lezamizrealestate.com/blog/What-are-Comps

Plus and Minuses in House Hunting

by Sid Lezamiz

Plus and Minuses in House Hunting

Spring has sprung forward and now is the time to get into high gear if you are in the market for your first home.

Without question the most important first step is getting your finances in order and pre-qualifying to identify your potential price range. Looking at homes is the fun part. Knowing how to look and what to look beyond is as important as your finances.

Pluses, can be changed or adapted:

• Undesirable wall colors can be repainted.
• Furniture that won’t fit into room configurations can be stored or replaced.
• Dated light fixtures are quick and easy to replace and effective way to immediately update.
• The roof, windows and furnace and A/C units are in good working order.

Minuses, cannot be changed:

• Location in an undesirable school district.
• House is dark inside because of the direction it is facing.
• Neighbors house exterior is untidy or cluttered.

Prepare to look beyond the features of a house that can be changed or adapted to your living style and walk away from the unchangeable ones.


http://www.lezamizrealestate.com/blog/Plus-and-Minuses-in-House-Hunting

Spring Forward Sunday, March 11th

by Sid Lezamiz

Spring Forward Sunday, March 11th

Sunday, March 11, 2018 at 2 A.M. we “spring forward” for the year. At 2 A.M. (or when you go to bed, if before 2 A.M.) set your clocks forward to 3 A.M. It is the time of year that we officially lose an hour for 8 months until we take it back on November 4, 2018.

Started originally to fully utilize the daylight hours which are longer from March to November. It is not a federal law that requires the nation to participate in this confusing practice. There are 2 states that do not take part in daylight savings time, Arizona and Hawaii.

When springing forward, it is a good time to schedule spring maintenance chores.

• scalp and fertilize the lawn
• wash windows
• clean the gutters
• power wash driveway and sidewalks
• get your AC ready for summer
• re-stain and re-seal wood decking

The best way to maintain your property and conserve the value, is by doing preventative maintenance.


http://www.lezamizrealestate.com/blog/Spring-Forward-Sunday-March-11th

 

Displaying blog entries 1-10 of 288

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Lezamiz Real Estate Co.
705 Fillmore, Suite 1
Twin Falls ID 83301
Office: 208-734-7007
info@lezamizrealestate.com
Fax: 208-732-5384