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Real Estate Ramblings

By Chris and Michelle Spalding | Agent in 85383
  • Do People Still Buy New Homes???

    Posted Under: Market Conditions in Phoenix, Home Buying in Phoenix, Going Green in Phoenix  |  July 3, 2012 10:06 PM  |  669 views  |  2 comments


    Please stop laughing and pick yourself up off the floor! Yes there are rock bottom deals out there, foreclosed homes, short sales and even conventional sales. New home builders however are emerging from the post housing collapse as a slightly different animal and although the purpose of todays' blog is not to persuade you to buy a new home, I would like to bring to your attention some of the selling points that are being touted to offset the builders inability to compete from a price standpoint.
    • Home Warranties - Yes that's right, remember these, no "AS IS" here! Your appliances will be new, and the home itself will have a warranty!
    • Energy efficient building materials and standards. (See examples below)
    • Builder incentives - Yes thats right builders offer incentive to the buyer such as $$ towards costs at the design center, more recently they have been known to help pay costs towards landscaping and window fixtures!
    • Pick your own floor plan, paint color, appliances etc. You are not at the mercy of a previous owner that made their selections based on their own lifestyles and needs.
      So In summary, before you discount a new build, please do consider some of the benefits listed above. Savings on utilities are the gift that keeps on giving month after month. Warranties save you money on repairs. You get to pick your dream house based upon your own unique needs and preferences.

      I listened to a real estate panel recently and one of them was the designated broker for a new home builder here in the valley. He mentioned that there were several points of negotiation with new home builders that had not previously been on the table, in addition to some of the items I mentioned above he talked of a few examples where the home builder was  willing to change out carpeting and counter tops for buyers in pre-built spec homes at no additional cost. Unlike the days of the boom, they rely on most of their business from real estate agents, and much of the flexibility that had was a real eye-opener for agents!

      As always please contact me with any questions or comments!
    Energy Star Certified Appliances
    Appliances and home electronics are responsible for about 20% of a US homes’ energy bills.  Devices carrying the Energy Star logo generally use 20%–30% less energy than required by federal standards by employing superior designs that require less energy to perform the same or better job.  The Environmental Protection Agency (EPA) estimates that Energy Star appliances saved about $14 billion in energy costs in 2006 alone. 
    Minimum SEER 14
    Heating and cooling homes accounts for nearly 60 percent of residential electricity usage in the United States.  The higher the SEER of your unit, the greater its efficiency – and the lower your operating costs. Comparing with models 10 years old or older, cooling costs can be lowered 20 to 40 percent with newer, more efficient models.
    Low-E Windows
    Low-E coatings on Windows reduce energy loss by as much as 30 to 50 percent over regular windows.  Low-E coatings, which are microscopically thin materials bonded to the surface of a window's glass, are so thin you can see right through them yet they prevent heat and ultra-violet (UV) rays from passing through the glass.
    Low Flow Faucets
    Every faucet and showerhead in a new home can exceed industry standards for water savings, reducing water bills and the cost of heating water by as much as 50 percent.
    Programmable Thermostat
    The average household spends more than $2,200 a year on energy bills.  A programmable thermostat reduces residential energy use by adjusting the temperature according to a series of programmed settings that take effect at different times of the day.  This allows the temperature difference to be reduced without sacrificing comfort.  It is not unusual to achieve 30 percent heating and cooling energy usage reductions with the pre-programmed settings that come with ENERGY STAR qualified programmable thermostats.
    Low VOCs paints and finishes
    The EPA has identified indoor air pollution as one of the four greatest risks to human health.  Volatile Organic Compounds (VOCs) are found around the home; cleaning solvents, adhesives, paints, and carpets all may emit VOCs.  Many VOCs have negative health consequences.  In recent years many common materials and products used indoors have been developed and are labeled by their manufacturers as "low VOC" or "zero VOC content”  to improve indoor air quality.  Today, many low VOC materials are equal or better in quality and durability than conventional VOC-based formulas.
    Third Party Inspections
    A home energy rating will consider: the construction & materials of the home, insulation levels, window/door types & efficiency, the window/door to wall area ratios, appliances and lighting (including the water heater), mechanical system (heating and cooling), the orientation of the house, the size of the conditioned area in square feet, and the leakage or air infiltration of the home envelope and duct work. The Home Energy Rating is completed from on-site visits using test equipment like the blower door and duct tester and from blueprints on new homes.
    Energy Star Certified Appliances
    Appliances and home electronics are responsible for about 20% of a US homes’ energy bills.  Devices carrying the Energy Star logo generally use 20%–30% less energy than required by federal standards by employing superior designs that require less energy to perform the same or better job.  The Environmental Protection Agency (EPA) estimates that Energy Star appliances saved about $14 billion in energy costs in 2006 alone. 
    Minimum SEER 14
    Heating and cooling homes accounts for nearly 60 percent of residential electricity usage in the United States.  The higher the SEER of your unit, the greater its efficiency – and the lower your operating costs. Comparing with models 10 years old or older, cooling costs can be lowered 20 to 40 percent with newer, more efficient models.
    Low-E Windows
    Low-E coatings on Windows reduce energy loss by as much as 30 to 50 percent over regular windows.  Low-E coatings, which are microscopically thin materials bonded to the surface of a window's glass, are so thin you can see right through them yet they prevent heat and ultra-violet (UV) rays from passing through the glass.
    Low Flow Faucets
    Every faucet and showerhead in a new home exceeds industry standards for water savings, reducing water bills and the cost of heating water by as much as 50 percent.
    Programmable Thermostat
    The average household spends more than $2,200 a year on energy bills.  A programmable thermostat reduces residential energy use by adjusting the temperature according to a series of programmed settings that take effect at different times of the day.  This allows the temperature difference to be reduced without sacrificing comfort.  It is not unusual to achieve 30 percent heating and cooling energy usage reductions with the pre-programmed settings that come with ENERGY STAR qualified programmable thermostats.
    Low VOCs paints and finishes

    The EPA has identified indoor air pollution as one of the four greatest risks to human health.  Volatile Organic Compounds (VOCs) are found around the home; cleaning solvents, adhesives, paints, and carpets all may emit VOCs.  Many VOCs have negative health consequences.  In recent years many common materials and products used indoors have been developed and are labeled by their manufacturers as "low VOC" or "zero VOC content”  to improve indoor air quality.  Today, many low VOC materials are equal or better in quality and durability than conventional VOC-based formulas.

    Chris@thespaldingteam.com

 
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