Real Estate Information Archive


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Checkups, Fix Ups, and Cleanups For Your Home Maintenance

by Platinum Home Warranty Team

Any time you buy an appliance these days, there is one certain question that you can count on being asked: “Would you like to purchase the home warranty with that?” What will follow is a list of options to choose for the care of your new home appliances once they are in your house. You may want to listen to them and choose from one that fits your budget. The truth is, they have saved people much money and many inconveniences.

When the sales representative is speaking to you about home warranty options for your new appliances, take the opportunity to ask them about general maintenance that you should be aware of, as just being a responsible consumer. The sales associates know that it is part of their service to you to give you information about your appliance, and they can likely give you a few good tips that you can be mindful of on a daily basis to reduce the need for costlier repairs. Listen to their suggestions, as it is their business to see you happy with your purchases and coming back when you need another appliance.

When you ask a sales associate what you can do to lengthen the life of your new appliance, he or she will want to inform you of your home warranty, so if you are interested in the top three tips for saving the life of your appliances, getting a home warranty is always going to be at the top of the list, as it encourages professionals to visit your home for thorough and routine maintenance; things that the average consumer cannot take care of on their own. Remember that these are not schemes to get your money. After all, they are going to send you help when you need it, generally free of charge when you have signed up for those sorts of programs.

The second very good tip for you, which you can do yourself, is to keep the appliance clean. The build up of dust, lint, and grime can certainly affect how an appliance runs. An overload of dust might hamper any mechanical parts that could then put a strain on other ones. The refrigerator should occasionally be dusted really well on the backside and underneath. (The refrigerator is usually using a higher amount of energy than the other appliances, so it needs extra care too.) Ignoring a regular cleaning of that sort can surely hamper the proper airflow and cause energy to be wasted. You can do this yourself or it can be done during a home warranty check, as that is a routine part of their visit.

The third way that you can personally affect the life of your appliances is to not put unneeded stress on them. That means not over filling washers and dryers. Most washers have a weight capacity for loads of clothes. Get familiar with what a large load of your clothes weighs in general. You can step on your scale with and empty close basket; note the weight, then get on again with the basket of clothes you intend to put in. Check to see if you are within the guidelines. Don’t tax your refrigerator by allowing the door to remain open for long periods of time. Shut your coffee maker off when you aren’t going to drink any more to save wear on the heat elements. Don’t put dishes in your dishwasher without a quick rinse or scrape. Pay attention to your common sense and extend the life of your appliances.

Phoenix out of top 20 as a best place for first-time home homebuyers

by The Aladin Group

Phoenix, a longtime bastion of low home prices, fell just outside the top 20 cities in the U.S. as a good place for first-time homebuyers. An index created by SmartAsset that ranked cities in terms of mortgage lenders, volatility and average price per square foot among several other factors, found Phoenix ranked No. 21 in the U.S.Topping the list were Pittsburgh, Oklahoma City and Omaha, Nebraska. Pittsburgh received the top nod due to its high percentage of loans funded and low average cost per square foot. The cost per square foot was one of the high markers for Phoenix, which has seen prices steadily rising during the last two years after the Great Recession wiped out much of the home equity in the Valley. While many areas have recovered to pre-recession price levels, others have not. Yet SmartAsset found Phoenix with an average price of $130 per square foot. That equates to roughly $221,000 for a 1,700-square-foot home.

Millennials are changing the housing and retail markets

by Todd Willems

Millennials are already impacting the consumer market in ways I never imagined. Think about it, if I had approached you 10 years ago discussing the sharing economy and companies like Uber and Lyft, what would have been your response? Well, we are facing a new millennial-fueled shift, challenging traditional knowledge of the housing market. Since 2005, I’ve watched as American households have increasingly sought rental options, with over 9 million new residents choosing to rent, the largest gain in the rental market since the 1960s. While many thought, it hit its peak during the 2008 financial crisis, it appears the trend will likely continue. Even though the Dow Jones Industrial Average has exceeded 21,000 and joblessness is under 5 percent, the number of rental properties is still increasing.

You may be asking yourself why.

Dispelling the myth of the millennial there are many factors, but one prevailing trend is that a large percentage of millennials are now entering the workforce and starting families. Over 10 percent of the rental boom can be attributed to millennials, and less than half of the generation has yet to enter the workforce. Although this generation is one of the most educated group in our country’s history, they are more likely to rent than own. It’s not that millennials are frivolously spending their hard-earned money, rather the cost of home ownership is growing faster than median salaries, preventing many millennials from purchasing a home. Also, this generation is the most indebted, with many students leaving university with tens-of-thousands of dollars in student loans. With this debt in mind, an increasing number of young professionals are seeking affordable options that will still allow them to maintain a comfortable lifestyle after rent and student loan payments.

Multi-family housing development has increased sharply in the last five years. Behind the scenes though, there has been a subtler change. An increasing number of single-family homes are being rented out in older suburban neighborhoods at a much lower cost. As these young professionals flock to single-family rentals, they are changing the market potential for retailers. Typically, the cost of renting in older suburban neighborhoods is substantially less than home ownership, averaging close to $1,030 a month. This lower cost to enter these rentals, mixed with the limited liability, means that millennials have money left over from rent and student loan payments to put into the local economy.

As this trend continues over the next decade, developers must seize the opportunity to establish a presence in the right area.

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Contact Information

Photo of The Aladin Group Real Estate
The Aladin Group
HomeSmart Elite Group
10601 North Hayden Road, #I-100
Scottsdale AZ 85260
Fax: (602)507-3263