2019 Coachella Valley Annual Real Estate Report
and 2020 Projections
Coachella Valley Real Estate Market
Our market has become more year round with the number of sales during the summer months exceeding sales during “season” in the past two years running.
WHO WERE THE HOME BUYERS
Remote Owners represented 50% of our home buyers who were looking for a second home or investment property. Nearly 68% of those Remote Owners came from other California cities, followed in numbers by Washington state. Canadian Home Buyers are making an appearance again, with 14% of the Remote Owners coming from Canada.
Home Buyers from other metropolitan markets; especially our drive markets such as Los Angeles, Orange County and San Diego see great value here in Coachella Valley Real Estate. Baby Boomers are cashing out from other areas, and looking for a Lifestyle in their retirement; that’s largely what’s driving home sales in the Coachella Valley. Our sunny blue skies are pretty inviting, compared to snow and rain in other parts of the country.
WHAT WERE THE HOME BUYERS LOOKING FOR?
Bigger is not necessarily better in the case of our home buyer demographic. Aging Boomers want a simpler lifestyle and a home that requires less maintenance. Great Room Living, Each Bedroom with en-suite baths, Master Suite separate from the Guest Bedrooms, No Stairs and Light and Bright inside – with the current design trends showing Sleek White Gourmet Kitchens. Outdoor Living is a Must with Covered Outdoor Seating and Outdoor Kitchen / BBQ, most home buyers want a private pool and Views.
HOME BUYERS WANT TO BE WHERE THE ACTION IS
With more and more commercial development and signature events going on here in the desert, growth is on a fast pace and home buyers want to be where the action is. The Coachella Valley has an attractive lifestyle and home prices are a bargain comparatively speaking.
COACHELLA VALLEY REAL ESTATE BY THE NUMBERS
2019 Coachella Valley Real Estate had 9,787 sales. That number is down about 5% from the 10,295 units that sold in 2018. The reason is mostly due to a lack of inventory, (3.9 month supply of homes on the market), but price sensitivity is also a factor.
VALLEY HOUSING INVENTORY
January 1, 2020 there were 3,200 units for sale vs 3,398 units for sale January 1, 2019. The valley median price for detached homes was $425,000 up 9% in 2019. Median prices for attached homes was also up, 2% at $279,000.
The Luxury Home Market has seen in increase in both home value and sales. The California Desert Association of Realtors reports in the million dollar plus market, there was a 22% increase in sales in the 4th quarter of 2019.
|Coachella Valley Luxury Country Club Sales 2019 vs 2018|
|COUNTRY CLUB||2018 SALES||2018 AVERAGE SALE PRICE||2019
|Andalusia||32||$ 1,439,578||27||$ 1,581,415|
|BIGHORN||36||$ 3,892,153||31||$ 3,688,519|
|Eldorado CC||4||$ 1,713,750||16||$ 2,260,250|
|Indian Wells CC||45||$ 1,154,953||23||$ 1,044,192|
|Ironwood CC||22||$ 958,364||18||$ 1,422,800|
|Mission Hills CC||30||$ 914,666||44||$ 1,043,920|
|Mountain View||42||$ 881,012||25||$ 866,619|
|PGA West||121||$ 890,691||111||$ 964,449|
|Tamarisk CC||14||$ 1,090,643||12||$ 1,181,742|
|The Citrus Club||46||$ 871,464||48||$ 900,020|
|The Hideaway||28||$ 2,434,571||44||$ 2,467,545|
|The Madison||8||$ 6,275,000||6||$ 6,529,167|
|The Palms||9||$ 873,333||9||$ 821,555|
|The Reserve||11||$ 1,750,000||14||$ 2,176,607|
|The Quarry||2||$ 2,856,750||2||$ 2,492,500|
|Thunderbird CC||7||$ 1,640,000||5||$ 721,800|
|Toscana CC||37||$ 1,965,600||38||$ 2,171,903|
|Tradition GC||22||$ 2,409,431||22||$ 2,449,045|
|Vintage CC||11||$ 3,271,818||13||$ 3,081,154|
The National Real Estate Outlook
Home prices increased across the country in 2019 and experts predict the National Housing Market will remain strong through 2020 in the January Forbes article: “Five Housing Market Predictions for 2020” they cite crazy rents in the luxury apartment market is driving Millennials to buy instead of rent. More aging Baby Boomers are expected to sell their homes looking to transition into smaller homes with less maintenance. Some estimates say as much as 27% of the housing inventory in the country could hit the market between now and 2040, easing the housing shortage. The National Association of Home Builders report home builder confidence is at a 20 year high, paving the way for a boom in new home construction. That combined with low mortgage rates the outlook for 2020 is strong.
California Real Estate Outlook
The median home price in California was up about 4.1% in 2019, while the number of sales were down slightly. The California Association of Realtors forecast a similar uptick in prices through 2020. Housing affordability, (just 32% of households can afford a median priced home), and low inventory have been an ongoing challenge in California, mortgage interest rates at near historic lows are giving home buyers more buying power.
Barker Dam, is a water-storage facility located in Joshua Tree National Park in California. The dam was constructed by early cattlemen, including CO Barker, in 1900. It was raised in 1949 by rancher William F. Keys. It is situated between Queen Valley and the Wonderland of Rocks near the Wall Street Mill. It is a gathering place for desert wildlife, including many species of birds and Desert Bighorn Sheep.
Visitors can reach the Barker Dam via a short trail from a nearby parking lot and can see Native American petroglyphs a short distance to the west. There is also good bouldering on side trails near the dam. The park offers a Barker Dam Nature Hike led by a ranger.
The lowest 9 feet (2.7 m) of the dam, the original portion, was constructed of concrete surfaced with stone on the downstream side. The height of the dam was raised an additional six feet with concrete in 1949–1950. The dam has several indentations. An inscription at top reads: Big Horn Dam Built by Willis Keys, W.F. Keyes, Phyllis M. Keys, 1949–1950.
The start of the trail is well marked, and if you are driving in your car, there are signs around the park that will direct you to the area where the trailhead starts. There is also a large parking lot by the trailhead and this area is busier if you come on a weekend, as it is one of the most well known and family-friendly hikes in the park.
The trail itself is less than a mile and half round trip, and it is a loop so that you never see the same thing twice. As soon as you get out of your car and start the trail, you immediately enter into an area with large rocks surrounding you on both sides.
The trail winds around for a little bit before dropping you out in a wide open area that makes up Barker Dam. The Barker Dam itself was really cool, primarily because it was so old and was still in working condition. I also enjoyed seeing the sign right at the top of the dam that was carved in the concrete from the brothers that helped build it.
DIRECTIONS: Turn east off Park Boulevard on Barker Dam Road towards Hidden Valley Campground. The turnoff is located 9 miles south of the west entrance station and 1.6 miles north of the intersection with Keys View Road. Continue on the paved road for 2.8 miles to a large parking area.
For current park conditions
visit JTNP Website or Call 760 367-5522
DESERT REAL ESTATE MARKET REPORT
2018 Year in Review
As we start 2019, it’s time to take look back at how the Desert Real Estate Market performed last year and look for developing trends.
In 2018, there were 5,836 single family home sales throughout the Coachella Valley. Those homes sold at an average of $610,300 and an average of $260. / Sq Ft. Homes that were priced correctly for the market, sold on average in 89 days. The highest sale price in 2018 was $12,000,000 for a home located in The Madison in La Quinta.
With those statistics, we compared 2018 sales to the previous year and found that while the number of sales were down slightly overall, (2%), Selling Prices were up 10% and the price / sq ft was up 8%. The time it took to sell was down 10% from the year prior. The highest priced home sale in 2017 was $8,700,000. for a home located in The Vintage Country Club in Indian Wells.
While prices are up, inventories remain low as compared to this time of season in years past. Historically when the inventory of homes for sale is low, prices tend to rise due to the pressures of supply and demand.
Interest rates also play an important role in how markets perform; rates are still low despite the fact that the Fed gave us 4 rate increases in 2018. As rates increase, buyers can afford less house for the same mortgage payment, which ultimately puts downward pressure on home prices.
But good news, rates pulled back a bit this week. Conforming loans, (up to $484,350) for a 30 year fixed rate is still just 4.47%.
The Coachella Valley has long been viewed as a destination for the soon to retire and already retired home buyers looking for an active lifestyle, but with the increase in mobile commuting, people can work from anywhere. We’re also seeing more young home buyers who are looking for a quality lifestyle, moving to the Desert full time. Easy Freeway and International Airport access makes that possible.
Combine the Lifestyle that only the Coachella Valley offers along with affordable home prices – the Valley is and will continue to be a destination for both full time residents, second home buyers and
We have a strong and steady real estate market here in the Coachella Valley.
If you would like more detailed information about your neighborhood specifically, drop me a line – we just finished our 2018 “Year in Review” Market Report, I’m happy to send you a copy.
Broker Associate with Bennion Deville Homes
Enjoy Cool Summer Evenings in Palm Desert – Music in the Park We’re kicking off the Summer Season in the Desert with Live Concerts on the Terraced Lawn at Palm Desert Civic Center Park.
Every Thursday throughout the month of May
Music Lovers can look forward to a sampling of musical genres that range from Reggae, R & B, Jazz, Country to Indie.
Grab your friends, a blanket and have a picnic while you sit back, relax and enjoy live music under the stars. Food trucks are also on standby with a wide variety of culinary creations.
May 3, 2018 Ambrosia
Ken Stacy – Acoustic Guitar / Vocals
Joe Puerta – Bass / Vocals
Mary Harris – Keyboard / Vocals
Christopher North – B3/ Keys / Vocals
Burleigh Drummond – Drums / Vocals
Doug Jackson – Suitars / Vocals
May 10, 2018 The PettyBreakers – Tom Petty Tribute Band
May 17, 2018 Dead Winter Carpenters – Americana / Roots / Bluegrass
Jesse Dunn – Acoustic and Electric Guitars / Vocals
Jenni Charles – Fiddle / Vocals
Dave Lockhart – upright and Electric Bass / Vocals
Nick Swimley – Lead Telecaster Guitar / Vocals
Brendan Smith – Drums / Vocals
May 24, 2018 The Blue Breeze Band – Motown and R & B
Harold Wherry – Electric and Acoustic Guitar
Laia Jones – Vocals
Bob Henley iii – Vocals
Richard Moorings – Keyboards, Trombone, Vocals
Darryl Bomar – Electric and Bass Guitar and Vocals
Tim Anderson – Tenor Sax and Vocals
Tyrone Griffin – Trumpet, Flugelhorn and Vocals
May 31, 2018 All Our Exes Live in Texas – Indie / Folk Harmonies
Hannah Crofts – vocal and Ukulele
Georgia Mooney – Vocal and Mandolin
Elana Stone – Vocal and Accordion
Katie Wighton – Vocal and Guitar
Palm Desert is known as the Cultural and Retail Center of the Desert Communities. Insiders know Palm Desert as the “Heart of the Coachella Valley” a small city feel with a big city vibe. Check out this exceptional home in Palm Desert! Call Me Today for a
Showing (760) 218 5752
HOME SALE NEGOTIATIONS
Home Sellers Want the Highest Price and Home Buyers Want a Deal.
How Can They Ever Find Common Ground?
THE TUG OF WAR BEGINS!
The foundation for any negotiation starts with the data, the black and white of it all. Then it becomes a dance of personalities, emotions, and skill.
At the end of the day, Sellers want to sell and Buyers want to buy and both have the goal to close the deal. It’s the in between that can get a little murky along the way.
In every market, one party has the upper hand; in a Buyer’s market, there are lot’s of choices and it can be easy for the Buyer to walk away in favor of the home down the street. In a Seller’s market, inventories are tight with limited choices, which can create multiple offers or bidding wars and the Seller can be picky about the price and terms.
Typically, in any kind of market, a truly motivated Seller is less inclined to want a lengthy negotiation, they just want to get the deal done.
TOP 10 THINGS TO KNOW WHEN YOU’RE
NEGOTIATING YOUR NEXT REAL ESTATE DEAL
PRICE – it means different things to different parties. The Seller wants the highest price and the Buyer wants to pay the least amount possible. They don’t want to overpay or price themselves out of a resale when it comes time for them to sell.
CLOSING COSTS – Buyers will pay the prepaid closing costs for their mortgage. Items like taxes and insurance. The Buyer might ask for a flat amount paid by the Seller to go towards their closing costs; up to 3% of non-recurring closing costs are allowed by the lender. In this case, if the Seller is asked to make a concession, that will typically end up in a higher sales price for the Buyer.
CLOSING DATE – Sellers may want to get out from under the monthly costs as quickly as possible to preserve their capital. Buyers, when getting a mortgage will pre-pay the first month’s mortgage payment so they don’t have to make their 1st mortgage payment until the 2nd month, in this case, the Buyer will likely want to move in at the beginning of the month so they can skip the next month.
FINANCING CONTINGENCIES – Buyers who are getting a mortgage are competing with all cash offers, which is more appealing to any Seller knowing that there isn’t a financing contingency. The best way for a Buyer to compete is to get complete loan approval prior to making the offer, that way they can move quickly to remove or waive the financing contingencies.
APPRAISAL CONTINGENCY – If the Buyer is getting a mortgage, the Seller can push the Buyer to waive the appraisal contingency. On a conventional mortgage, banks will lend 80% of the appraised value or the purchase price, whichever is lower. But if the house doesn’t appraise for the contract purchase price and the appraisal contingency has been waived, the Buyer must come up with the difference. Any shortfall would have to be paid in cash by the Buyer.
HOME WARRANTY – The Home Seller will typically provide a one year home warranty that covers the mechanical’s, appliances and pool equipment. This is a “Peace of Mine” insurance policy for the home seller in case something goes wrong.
LEASEBACK – The Seller may need a little extra time to make the move, especially if they’ve lived in the home for many years. The Buyer could offer a zero cost rent back for 30 days to entice the Seller to accept a price that they may not otherwise accept.
REPAIRS – When a home needs a lot of updating, the Buyer has a lot of room to negotiate if the home is priced on par with properties that are updated. If the Kitchen and Baths are out of date, the appliances are old and there’s popcorn on the ceilings the Buyer will make a lower offer to accommodate the repairs necessary. The Seller can price the home accordingly ahead of time and say they won’t make any repairs, in this case, there will be less room to negotiate on price.
FURNITURE – Negotiation over personal property such as the furniture has killed more than one deal, this is when emotions can get heated. It’s best if the Seller will consider selling the furniture to make out a list of items and their prices ahead of time. An important note here, a lender will not lend on personal furniture. If there will be personal property transferred it must be done outside of escrow with a bill of sale.
APPLIANCES – The stove, dishwasher, built-in microwave and any other built-in appliance will be included, but a free-standing refrigerator or the Washer and Dryer don’t necessarily. Seller many times will wait to see how the negotiation goes first before they commit.
INSPECTION CONTINGENCY – Buyer’s remorse and waiving their home inspection contingency generally go hand in hand. It’s never a good idea to waive the home inspection unless it’s a complete remodel and you re a skilled investor / contractor / remodeler. But the Buyer can shorten the time frame for the inspection from 17 days to maybe 10 or even 7 days.
HOA ASSESSMENTS – If the home is in a homeowners association – there could potentially be special assessments in place or coming up. The Buyer may ask the Seller to clear the assessment, paying it all. This can be negotiated between Buyer and Seller for who pays and how much they pay toward the assessment.
Want a break from the desert heat? Head to Idyllwild for Jazz in the Pines, a 30-minute drive from the desert, but a world away.
Enjoy a Weekend of Jazz in the Pines with more than two dozen Amazing Jazz, Blues, and R & B Artists. Sit back and take in this Breathtaking Setting with a Gentle Breeze carrying the Fresh Scent of the Mountain Pines in the Air. August 11 – 13 will be the Idyllwild Arts 24th Annual Jazz in the Pines Event including the Famous Festival Marketplace with all types of Art including Hand-made Jewelry, Art, Pottery & Crafts, it’s easy to find your treasure. Not to be outdone, you’ll also find a variety of great food and drink including a Cajun BBQ this year, home-made ice cream, smoothies and more.
Close to Idyllwild sits this Stunning Custom Tennis Estate located high off the desert floor, and still a short drive to El Paseo for Dining, Entertainment, and Shopping.This home has great value and is a Must See Before you Buy,
Call or Email Cathi today (760) 218 – 5752 for more information.
Idyllwild Jazz in the Pines Line-Up
Beginning Friday evening, August 11th at 6:00pm
Patrons VIP Dinner and Dance
Besos de Coco
Lorraine Castellanos – Guitar, Vocals
Evona Wascinski – Bass
Claudia Gomez Vorce – Percussion and Tap Dance
Headliner: Gilbert Hansen Band
Gilbert Hansen – Bass, Harmonica, Vocals
Rick Cowling – Guitar, Keys, Vocals
Lenny Hansell – Guitar, Vocals
Sal Frisura – Drums and Vocals
Saturday on the Main Stage
11:00am – 12:15pm
Matt DiBiase – Vibraphone, MalletKat, Electronics
Nathan Rice – Tenor Saxophone
Russell GelmanSheehan – Guitar
Giveton Gelin – Trumpet
Michael Orenstein – Keys
Eli Heath – Bass
Patrick Graney – Percussion
Chase Kuesel – Drums
12:45pm – 2:00pm
Robert Dove Quintet
Robert Dove – Tenor Saxophone
Gilbert Castellanos – Trumpet
Hugo Suarez – Piano
George Delancey – Bass
Kevin Kanner – Drums
2:30pm – 3:45pm
Evan Christopher’s Clarinet Road
Evan Christopher – Clarinet
Bob Boss – Guitar
Joshua White – Piano
Daniel Sazer-Krebbers – Bass
Andy Fraga, Jr., – Drums
4:15pm – 5:30pm
The Charles McPherson Quintet
Charles McPherson – Alto Saxophone
Randy Porter – Piano
Rob Thorsen – Bass
Richard Weller – Drums
Gilbert Castellanos – Trumpet
Lowman Concert Hall 6:30pm – 8:30pm
Seahawk MOJO (Modern Jazz Orchestra)
Sunday at Stephens Hall 10:45 am – 11:45am
Sunday on the Main Stage 11:00am – 12:15pm
Voices in Praise Gospel Choir (VIP)
Bob Emmit – Piano
Larry Washington – Drums/Vocals
Brad Bobo – Bass/Vocals
Yve Evans – Piano/Vocals
Ava Dupree – Vocals
Chrystal Matthews – Vocals
Kym Foley – Vocals
Allison Bobo – Vocals
Billy Redd – Vocals
Ricky Taylor – Vocals
12:45pm – 2:00pm
Tamir Hendelman Trio
Tamir Hendelman – Piano
Alex Frank – Bass
Dean Koba – Drums
2:30pm – 3:45pm
Vagelis Stefanopoulos (GR) – Composer/Piano
David Lynch (USA) – Saxophones
Adedeji Adetayo (Nigeria) – Guitar/Vocals
Yoel Soto (Cuba) – Bass
Yiannis Angelopoulos (GR) – Drums
4:15pm – 5:30pm
Russell Malone Quartet
Russell Malone – Guitar
Rick Germanson – Piano
Luke Sellick – Bass
Willie Jones III – Drums
Tickets sell fast, prices range from $85 for one-day admission to $350 for the Patron Package which includes all events throughout the weekend. All proceeds from the festival benefit Idyllwild Arts. Our mission is changing lives through the transformative power of art.
Should You Remodel or Buy New? It’s a big question, not all remodeling projects will return your cash investment and that may be okay if you’re doing it to enhance your lifestyle and you plan on living in your home for many more years.
However, if you think you might move in the next 3 – 5 years you should know what the best home improvements are for the highest return. Or it may make more sense for you to find a home that better fits your lifestyle and needs.
We’ve created this Checklist to help you think through all the steps of Remodeling. The purpose is to address all aspects of your Remodeling Project and the process, so you can clearly define what you really want to accomplish, arrive at a practical end product in a style that suits your family and within your budget.
FIRST, SOME BROAD QUESTIONS:
Off the top of your head, what are the Top 3 priorities that immediately come to mind when you think about you remodeling project?
Are You Planning to Remodel the Entire Space, (Interior and / or Exterior) Or Partial remodel such as Kitchen or Bathrooms?
Do you have a budget in mind?
What is the low, medium and
your “Not to Exceed” Budget?
What is your timeline?
Do you have a drop dead date the remodel
must be completed by?
ABOUT The space –
What will it be used for and Who will use it?
Is this currently, or will it become your
Will it be used as a rental for income?
How many Adults, Children, Pets?
Any Special Needs?
Counter Heights, Door Width,
Handicap, Elderly or Small Children?
Is Entertaining Important?
Your Entertaining Style is:
Formal / Informal / Both
How many guests typically?
What type of entertaining?
Meals, Music, Games, Movies, BBQ?
Any Special Cooking Facilities Required?
Professional Grade Appliances
Island with Second Prep Sink
Walk In Pantry
Does More Than One Person Cook at a Time?
Where Do You Like To Eat Meals?
Dining Table, Kitchen Table, Kitchen
Counter, Family Room, Other?
Reading, Cooking, Home Theater, Music,
Crafts, Sewing, Sports, Other?
Any Technical Needs?
Computer, Laptop, Docking Station,
Charging Station, Wireless Hub, Satellite,
Surround Sound, Home Theater
Any special needs such as Soundproofing,
Computers, Task Lighting, Storage, Printer
Locations that may need more lighting?
Specialized Lighting for Art (niches or walls)
Bathroom or Kitchen Task Lighting
Family or Living Room Ambient Lighting
Garage Cabinets / Closet Organizers
Books, Holiday Decorations, Kitchen
Appliances or Serving Dishes
Patio Dining, Covered Outdoor Living, Pool,
Spa, Fire pit, Outdoor Kitchen with BBQ, Sun
Deck, Private Spa, Putting Green, Fountain
or Water Feature, Courtyard Garden Entry.
Wet or Dry Bar with or without Seating,
Built in Refrigerator, Fireplace in Living or
Master Suite, Separate Closets in Master,
Do You Want to Add or Enlarge?
A room or Guest House?
AC to Garage
Home Theater or Sound System
Do You Want to Add or Enlarge – Continued
Home Automation System –
What will it control?
Remote Controlled Window Coverings
Remove a Wall to Open two rooms together
Security Screens or Gates
Are “Green” Objectives important to you?
Energy Audit for Cost vs benefit Analysis
Energy Efficient Heating and Cooling
Energy Efficient Appliances
Backup Generator System
Low Water Landscape
Low Water Fixtures
Indoor Air Quality – Duct Cleaning
Dual Pane Windows, Low “E”
What Atmosphere Do You Want to Create?
Casual, Formal with defined spaces, Clean
Lines, Warm & Cozy, Open Light and Airy,
Elegant, Sophisticated, Lived In, Romantic,
What is Your Style?
Tuscan, Beachy, Old World, Mediterranean,
Cottage, Art Deco, Asian, Tropical, Mission,
Southwest, Modern Minimalist,
Color and Tone Preferences:
Lighter or Darker
Cool such as Blue, Gray, Black, White,
Warm such as Earth Tones Beige, Brown,
Subtle Tones or Bold and Bright
Colors You Dislike:
Hard Surface Material You Like?
Hard Materials You Dislike?
Wood, Cork, Bamboo, Carpet, Marble,
Stone, Concrete, Ceramic or Porcelain Tile,
Saltillo Tile, Combination, Other
Counter / Vanity Preferences?
Granite, Marble, Quartz, Tile, Wood
Stone, Texture, Wallpaper, Contrast Paint
Window Treatment Preference?
Bermuda Shutters, Verticals Blinds, Pleated
Shades, Motorized Solar Shade, Drapes,
Roman Shades, Grass Roll up, Ceiling
Pockets for Disappearing Electric Shades
Door and Cabinet Hardware Preference?
Knobs, Levers, Pulls Bronze, Chrome, Satin
Nickel, Brass, Other
Cabinet Finish and Door Style Preference?
What Style do you like?
Stained or Painted
Wood interior or Melamine
Full extension drawers
Corner Turn Table
Custom Built or Pre Fab Cabinets
How do you use your Kitchen?
Do you want family and Guests in the Kitchen to Help or Do You Prefer the Kitchen to be a Separate Room out of sight?
How many Cooks in the Kitchen at the same time?
Is the Primary Cook Left or Right Handed?
Does the Cook Have Any Special Needs?
Do You Use Caterers to Prep, Serve and Clean Up for Entertaining?
KITCHEN – continued
Where do you want the family to eat?
Are there Small Children to Accommodate?
Do you want the Kitchen Open the Family Room?
Do you Want a Formal Dining Room?
Seating for how many people
What is Your Cooking Style?
Do you Bake
What Type of Food Prep Do You Need?
Daily Heat & Serve
Daily Full Course Meals
Weekend Family Meals
Computer or Recipe Desk
Homework or Craft Station
Integrated Refrigeration Drawers
ORIENTATION OF KITCHEN
Partition walls be removed or altered?
Florescent Lighting to be Removed?
Relocate the Sink or Appliances
Add a Gas Line
Add a Second Water line and Drain
Add an Island
Reconfigure or add a Work Triangle
Add More Lighting
EQUIPMENT TO INCORPORATE INTO KITCHEN
Professional / Residential Grade Appliances,
Microwave, Trash Compactor, Icemaker,
Dishwasher, Separate Cooktop with Gas or
Electric, Double Ovens, Convection Oven,
Built In Refrigerator / Freezer: style and size,
Double or Single Bowl Sink, Second Sink, Pot
Filler at Cook Top, Instant Hot, Filtered
Water, Updraft or downdraft vent,
Architectural hood, Wine Cooler.
Do You shop in bulk and need extra storage?
What cooking equipment needs to be accommodated, i.e. Pots, Pans, Small Appliances
Specialized Storage such as spices, cleaning supplies, baking equipment, cutlery, plastic storage containers, non-refrigerated foods
Recycling receptacles and location
Display Storage such as Cookbooks, Dinner or
QUESTIONS TO ANSWER
Are there enough electrical outlets
Do you need to bring a Gas Line in
Is there enough light
Add recessed lighting
Are light switches where you want them
Add dimmer switches
Is ventilation and cooking exhaust adequate
Preferred cabinet door style
Cabinet Facing Material,
Wood Stained, Painted or Washed,
Laminate or Thermofoil
QUESTIONS TO ANSWER
Wall and Ceiling Paint Color
Pedant, under cabinet, recessed, display
How with the Bathroom be Used?
Is it for personal, family or guest use? Are there special needs now or in the future such as height, handicap, small children, etc.?
Do you need to accommodate any non-traditional activities such as Laundry or Washing Pets?
How much Storage do you need?
ORIENTATION OF BATHROOM
Is the Bathroom large enough
Can you relocate a door or window to help
Is it connected to a Bedroom as you like
Is there enough natural light
Add a skylight or solar tube
Remove Tub and Add Walk in Shower
Change or Upgrade Toilets
Shower for One or Two People
Adjustable Show Heads
Multiple Shower Heads
No Enclosure, Walk In
Pedestal Sinks or Vanity Cabinets with Sinks
Vessel Style Sinks
Chrome, Satin Nickel, Brass, Bronze Fixtures
Salon Style Storage for Hair Dryers, Curling Iron
Electrical Outlets inside Drawers or Cabinets
Towel Bars how many, location
Towel and Linen Storage in or near the Bath
Add Storage or Closet System to Closet
BATHROOM STYLE, APPEARANCE & FINISH
Cabinets, Single or Double Vanity
Recessed Medicine Cabinet
Wall to Wall or Framed Mirrors
3 Way Mirror
Knee recess / Makeup Mirror
Cabinet Door Style, Finish
Shower and Tub Surround Material
Wall and Ceiling Paint Color
ELECTRICAL AND MECHANICAL SYSTEMS
Does the Heating and Air Conditioning
System Operate Adequately?
How old is the Water Heater?
Would you consider Tankless Water Heater
Do you want to add water saving fixtures
Are electrical outlets GFCI protected
Hard wired smoke, carbon monoxide, and home
Add Solar Panels
Depending upon the layout of your home, it may be possible to add a room without adding to the building’s footprint. Example, you may be able to convert part of Laundry Room into a Powder Room.
Make a sketch of the layout you want, collect Magazine Clippings, Photos, and bookmark Websites that Illustrate Your Favorite Look and incorporate into an Idea Book where you keep all of your best ideas in one place.
There are many things to consider as you start thinking about a Kitchen Remodel. Here’s a Quick Reference Guide so you don’t end up with a Kitchen Design You May End Up Regretting
Forgetting about Functionality
Functionality should be at the forefront of your kitchen design. The kitchen work triangle is definitely something you want to keep in mind as you plan. This triangle is defined as the busiest areas in the kitchen including the sink, stove, and refrigerator. You want to make sure these key appliances are in an efficient location that are relevant to one another and not floating off in space.
Installing the Microwave Above the Stove
While this has been a standard practice for many years, it’s on the way out. Homeowners prefer a nice looking vent hood over the cooktop and keeping access to the entire family has become more important. Think about moving the micro to an appliance nook, or built into a cabinet.
Large pot racks over the Kitchen Island has been a long time Kitchen Design trend which is also on its way out. Homeowners prefer to have their pots and pans neatly concealed in drawers.
Dismissing The Future
Trends and personal preferences have the tendency to throw us off our game and influence us to make decisions based off of what’s hot at the present moment. It’s highly recommended you design with the future in mind and not let yourself be swayed by what you loved years ago.
Oftentimes, homeowners forget to keep in mind that designing a new kitchen is an upgrade. It’s an investment and necessary to keep up with the times so that you can sell your house one day, and hopefully, make some or all of your money back.
Selecting Appliances Last
Appliances don’t necessarily make the kitchen, but they’re one of the most important aspects of your space. They’re a critical part of the design because they need to look nice and fit with your family and lifestyle.
You may initially think that choosing your appliances is something you want to save for last, however, it should be done the other way around. Your cabinet maker will need the dimensions before starting. That way you know everything will fit properly.
The Farmhouse Sink
Also a fading trend, you rarely see a Farmhouse sinks installed in new renovation projects. Single Basin, stainless sinks are practical and in style.
Gone are the Faux finished walls. Simple is better. Go with fresh paint in bold or neutral tones – even a clean wallpaper design can be great.
Skimping on Storage
The longer you live in your home, the more stuff you’ll accumulate. Skimping on small add-ons and storage features can be a big mistake.
Gone are the days of faux cabinet fronts. Nowadays, homeowners are using every nook and cranny possible for storage.
The details are where the magic happens, while clean simple lines are the right way to go, having something that pops with color & a special design element will make the difference and a custom backsplash can the perfect way to incorporate those details.
Lighting is one of the most important elements of both form and function and no place to get skimpy. You can never have too much light in a Kitchen, add dimmers so you can set the mood, or brighten dark corners.
Minimal backsplashes are out and for good reason, they make the Kitchen look low grade and cooking splatters will mark the wall. Full Backsplashes from counter top to Upper Cabinet looks better and is easier to keep clean.
Homeowners want solid surface countertops not only for a great look but also for practical purposes. Tile with grout is a nightmare to keep clean. Ceasar Stone, Quartz, Granite, and Marble are the trend and preferred counter materials.
If you’re thinking about remodeling your home to sell, give us a call before you start.
Call Cathi at (760) 218 – 5752 or Email her at Cathi@DesertAreaHomeFinder.com. They will be happy to do a consultation with you to help identify your best investment for return.
Palm Springs International Shortfest is the largest and best attended short film event in North America.
ShortFest presents short films from over 50 countries packaged into 90-100 minute themed programs. Gather ‘round the screen as we unspool comedy, romance, animation, action, documentaries and more.
Palm Springs International Shortfest receives over 4,000 entries every year from around the world; just 325 shorts are selected and screened in 90 minute themed programs. When attending, you’ll view between 4 – 10 short films that have been curated into a themed program such as Sibling Stories or The Things We Do For Love.
Forums include working industry professionals from a variety of disciplines who share their knowledge and experiences. The panels and Master classes and round table discussions cover a variety of emerging trends and new practices in the film community.
Film Market at the Palm Springs International Shortfest has over 3,000 titles available for viewing on over 30 screening stations and the only short film market in North America. The Film Market serves two purposes, it allows film professionals the chance to view multiple films while providing filmmakers with the rare opportunity to promote their work not included in the Palm Springs International Shortfest theatrical programming.
The Riviera Resort and Spa is the host hotel, inside you can find the VR Lounge and Festival registration.
Located close to the Film Festival is this Stunning Semi Custom Home located in South Palm Springs in the Gated Community of Estancias at South Canyon.
Looking for your perfect place here in the Desert? We are one of the leading teams in the Desert Real Estate Market and are ready to help, Drop us a line for your copy of our “Best Buy List”, our private list of homes in the desert area that offer exceptional value.
Being able to negotiate well impacts so many key factors of our lives and can certainly impact the outcome of Home Selling. Strong negotiation strategies will create a better outcome for you.
We are often guarded or reluctant to reveal much of anything; thinking this is the smart way to open a negotiation. It can actually have a negative impact on our outcomes and can inhibit trust between the parties. It’s human nature to match with reciprocity. People generally respond in kind to how we treat them. If we want to be trusted, we must first offer trust.
Revealing some information, even unrelated to the negotiation can improve your outcome. You don’t have to put all your cards on the table to start. But putting something of yourself out there – your hobbies, personal concerns, or hopes – can set a positive tone that creates an environment that is more conducive to agreement.
Sequencing or Ranking
Typically when we negotiate, we know what our key issues are and we Rank or Sequence them based on the importance to our circumstance. For example, if we’re trying to negotiate a purchase contract, we might say that the price is most important, and if we don’t agree, there’s no use to continue.
However, if your buyer has a deadline to move in within 30 days as opposed to 45 or 60 +days, you may want to reorder your priorities and be more flexible on your price if you know you won’t have another mortgage payment, property taxes, homeowners ins. or utilities to pay.
You can typically achieve better outcomes by being flexible on your ranking and leaving all the issues on the table as you move through your negotiation.
Target Price and Walk Away Terms
Do you have “walk away power”? Rarely will a price negotiation match what you want to clear, or what you need to buy a home where you’re going. Unless you’re in a super-heated Seller’s Market, the market is the market and is not reflective of personal circumstances.
Your Target Price is what you’re hoping for; your walk away price or terms is your reservation price. Often, we go into negotiations with one or the other. In real estate, we often say when an offer doesn’t come together over price, the seller has essentially bought their home back for the price that the buyer was willing to pay.
It’s critical to do the market research ahead of time, research based on firm data, will provide more confidence for you, in Home Selling, it will help you make better decisions in the moment, and help you be more clear about your limits.
Are you thinking about selling your home soon? You need a strong team like Cathi and Ben Walter, on your side with the skills and market knowledge it takes to negotiate a great outcome. Call us today to find out how our Marketing and Negotiation Strategies will Get Your Home Sold Quickly at the Highest Possible Price. Cathi 760.218.5752 Cathi@DesertAreaHomeFinder.com See What Clients Are Saying
#HomeSelling, #SellYourPalmDesertHome, #SellYourIndianWellsHome, #SellingYourHome