AZ Real Estate 12-11-2016

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E M A I L U S AT N E W S T I P S @ A R I Z O N A R E P U B L I C . C O M O R C A L L U S AT 6 0 2 - 4 4 4 - N E W S ( 6 3 9 7 )

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CATHERINE REAGOR REAL ESTATE

The race to build apartments in Phoenix

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ENERGY UPGRADES INCREASE VALUE Home improvements can save money and aid with future sales

Insulation Homeowners can save $200 a year by making air sealing and insulation improvements.

Appliances

MICHAEL BURGE NERDWALLET

Energy efficiency upgrades can not only shrink your utility bill; they can also increase the value of your home. Homebuyers are becoming increasingly aware of the benefits of energyefficient homes. In fact, they’re often willing to pay more for homes with “green” upgrades, says Sandra Adomatis, a specialist in green valuation with Adomatis Appraisal Service in Punta Gorda, Florida. Just how much your home will increase in value depends on a number of factors, Adomatis says, like where you live, which upgrades you’ve made and your home is marketed at sale $how time. The length of time to recoup the costs of green upgrades also depends on the energy costs in your area.

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ENERGY UPGRADES

Certified clothes dryers can save you $245 over the life of the machine, according to Energy Star.

Heating and cooling Energy Star estimates you can save 30% on cooling costs by replacing your old unit.

Windows Certified windows, doors and skylights can reduce your energy bill by up to 15 percent.

Solar panels Estimated savings over a 20-year period depend on location.

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In 2014, upgraded homes in Los Angeles County saw a 6 percent increase in value, according to a study from Build It Green, a nonprofit based in Oakland, California, that works with home professionals. Upgraded homes in Washington, D.C., saw a 2 to 5 percent increase in 2015, according to a study Adomatis authored. While upgrades like a gleaming new kitchen or a finished basement may give you more bang for your buck than energy-saving features, going green has its benefits. Here’s where you can begin.

Find out how much energy your home uses Getting a quick energy assessment or a more thorough energy audit can determine how much energy your home uses, as well as which upgrades would make the most sense for your home and your finances. An audit may include an energy rating, a number that See UPGRADES, Page 3R

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See REAGOR, Page 3R

Purchase or Refinance Loan amounts between

Refinance 150,000 to Now! $417,000 $

If you see a big construction crane in metro Phoenix now, chances are it’s the site of a new apartment complex. The Valley is in the midst of an apartment building boom. Developers are almost racing to get the complexes up. Enticed by rising rents, they are turning parking lots on prime vacant corners, old restaurants, half-empty shopping centers and older, run-down complexes into shiny, new upscale complexes. These complexes are being quickly built, pretty rapidly filled up with renters and then sold. Investors have spent a record $4.5 billion on Valley apartment complexes through November of this year, according to research from ABI Multifamily. And both big-time investors, including pension funds and life insurance companies, and even individual investors aren’t done buying, ABI’s Thomas Brophy said. He said they are looking for safe investments. Because of metro Phoenix’s growth, apartments are a popular option for them. But when the Valley goes through a building boom, there’s always concern about a bust. “The apartment market is working like it should in Phoenix now,” Tom Simplot, CEO of the Arizona Multihousing Association and a former Phoenix councilman, told me. He said developers are building, renters are renting and investors are buying. As with all real estate, it’s all about location. Just like renters do, investors want Valley

• No Points • No Fees • No Closing Costs

You don’t have to pay a lot in fees to get a great rate!

480.607.7906

or visit us at scoutmortgage.com 9304 E Raintree Dr., #110 Scottsdale, AZ 85260 Visit us on Facebook

This advertisement is a solicitation by Scout Mortgage, Inc. for a mortgage loan. Loan amounts $150,000 to $417,000. 15 or 30 Year Fixed. Closing Costs paid at closing include title, recording, processing, underwriting, and escrow fees. Prepaid taxes/insurance not included. Good credit required. Owner Occupied homes only. Verifiable income required. Impounds may be required. Consolidating debt may increase rate. Your rate and term may vary. Not all applicants will be approved. Call for details. MB0903218/NMLS# 56553

AR-0008630662-01

PHOENIX | 1721 East Friess Drive | Open Today 1–4PM

PHOENIX | 14649 North 14th Drive | Open Today 12–4PM

Watch The Home Hunter ABC 15 9am this Sunday. SWEPT MLS# - 5514350 AWAY. Situated on over an ACRE with panoramic views! Back Bedrooms - 5 dropped by a Sonoran desert tapestry, this hillside home has it all. Updated fixtures and finishes include rich wood flooring, Bathrooms - 4 Pool - No Travertine, crown molding, dual-pane windows and chic lighting. Unbelievable island kitchen features gorgeous granite, wine fridge, Sq. Ft. - 3,539 wet bar and stainless appliances. Spacious living, dining, family, Garage - 2-Car Garage breakfast and bonus rooms. Vaulted ceilings. Secluded upstairs Lot Size - 45,929 sq. ft. master suite has dual view terraces and spa-inspired bath. Expansive ZIP Code - 85022 back yard! Add a pool, putting green, fire pit and BBQ. Nearby hiking and biking trails at Lookout, North and Shadow Mountains. Online Pics - ThoseCallaways.com - Joseph Callaway Price - $550,000

Brought to you by Those Callaways, (480) 596-5751

see more inside AR-0008601237-01

VIEW-RICH MOUNTAINTOP JEWEL. Brimming with MLS# - 5532333 views, views and more views, this magnificent home wows with a Bedrooms - 5 breathtaking panorama of glittering city lights and urban mountain Bathrooms - 5.5 vistas. Elegant living room w/floor-to-ceiling fireplace column, Pool - Yes soaring cut-outs, wall-width glass doors that create seamless indoor/outdoor entertaining areas. Chandelier-lit dining room. Sq. Ft. - 6,021 Family room w/massive windows overlooking dazzling views. ZIP Code - 85023 Gorgeous kitchen w/nearby super-swank wet bar. Peaceful master retreat w/lavish bath. Full-length flagstone patio, lush side-yard, Online Pics - BaldwinTeam.com Price - $1,650,000 towering palm trees, spa, rock waterfall, shimmering pool. Guardgated community w/tennis courts, biking and walking paths. Visit tourfactory.com/1689606. Inside: details, directions.

Brought to you by Sandra Baldwin, Launch Real Estate

see more inside AR-0008601265-01


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