AZ Real Estate 10-26-14

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AZ Real Estate REACH US

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CATHERINE REAGOR REAL ESTATE

Plan to lease your house for game? Rent smart

P Features to expect in midprice homes

SUE DOERFLER

our first home gave you a taste of homeownership, but now it’s time to move up to a house with more bells and whistles. The Valley is filled with midprice new and resale houses — those $250,000$400,000 — that have kitchen islands, stainless-steel appliances and wood flooring. How much the houses are upgraded often depends on location and price. You typically can buy more house in the

THE REPUBLIC • AZCENTRAL.COM

What’s on the market This is the second in a three-part series on the popular features in the entry-level, midlevel and luxury markets. Next week: Luxury market.

outlying areas than you can in such highend communities as Scottsdale, said Juan Grimaldi, a Realtor with Century 21 Arizona Foothills. He specializes in West Valley homes. In some locales, you might find larger yards. In others, the houses might come with pools. No matter what, at around $300,000, See MIDPRICE, Page R3 ILLUSTRATION BY CHRISSY ASHACK/GANNETT

eople thinking about renting out their houses in late January to Super Bowl XLIX fans have a lot more to do than making an extra key. In most cities that host Super Bowls, home rentals and rates shoot up during the week of the event. Thousands of Phoenix-area houses are listed for rent at prices of $500 or more a night. For example, visitors can rent the former Paradise Valley home of retired Arizona Cardinals quarterback Kurt Warner for $16,000 a week; a twobedroom condominium in Scottsdale’s Optima Camelview for $2,000 a night; a five-bedroom Phoenix house near North Mountain for $1,500 a night; or a three-bedroom house in Glendale for $1,200 a night. Arizona’s top real-estate regulator and attorneys caution homeowners to do their homework and protect themselves before turning over their house to a renter. “We have had problems in the past with rentals when a big international event comes to the state,â€? said Judy Lowe, Arizona Real Estate commissioner. “Homeowners with short-term rentals need to do everything from checking out the backgrounds of potential tenants to figuring out how they will get a deposit and be paid.â€? Homeowners can legally lease out their own house. If you do so, here’s a checklist: Âť Review your house’s insurance policy. Does it cover renters? “A renter could leave the stove on and burn down your house,â€? said Gary Smith, a partner at Scottsdale-based law firm Smith Paknejad PLC. “If you aren’t covered to have renters, then it’s likely that damage won’t be covered by the typical homeowner insurance policy.â€? Âť If hiring a real-estate agent, check out licenses and complaints at azre.gov. Âť If working with a website listing properties for rent, check to see if it has a real-estate license. Âť Consider a background check. Real-estate agents and property managers can perform those checks. Homeowners reviewing potential tenants’ credit and criminal records need See REAGOR, Page R3

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TATUM FOOTHILLS JEWEL. Set back in one of Phoenix’s MLS# most desirable gated communities, this prominently located estate Bedrooms is set on a large lot with the Phoenix Mountain Preserve to the Bath west. Glorious amenities - dramatic high ceilings, French exits, Pool spectacular bar, multiple fireplaces and hardwood floors. Dream island kitchen with new stainless built-in GE Monogram fridge. Sq. Ft. A magnificent wall of windows illuminates the grand living room. Parking The luxurious master incorporates a deep walk-in closet, sitting Lot Size room, fireplace and lavish bath. No steps anywhere. Two en-suite ZIP Code supporting bedrooms. Executives den. Beautiful outdoor paradise. Pebble Sheen pool, entertainment Ramada with fireplace and built- Online Pics in barbeque. – Joseph Callaway Price

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PHOENIX | 2333 East Missouri Avenue | Open Today 12-4PM

BILTMORE FRENCH COUNTRY CHATEAU ON 2.5 ACRES. MLS# Exuding a super-swank ambience, this glamorous French Country Bedrooms Chateau is nestled on 2.5 acres of prime Biltmore real estate. Bath Dual gates open to expansive motor court. Towering entryway Pool w/gorgeous stonework. Grand greeting salon. Fairytale floating staircase. Two-story formal rooms w/huge windows, massive stone Sq. Ft. fireplace, six French doors, choir loft. Wood-walled office/library ZIP Code w/floor-to-ceiling built-ins. Master retreat w/balcony. Acres of fabulous lawns plus pillared dining patios, fire-pit conversation Online Pics Price area, barbecue kitchen, tennis court, never-ending lap pool. 1000+ SF of storage not part of overall SF. Visit tourfactory.com/1243213. See inside for full details, directions.

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