Summer is coming: Let's dive in to pool ownership!

BUYING WITH/WITHOUT A POOL

Pros of Buying a Home with a Pool

• Fun and Relaxation: Owning a pool provides a great way to cool off on hot days, relax, and enjoy yourself in your backyard. It can be a source of enjoyment for you, your family, and friends.

• Increased Property Value: In some areas, a pool can add value to your home, especially if it's well-maintained and complements the overall property.

• Entertainment: A pool can be a hub for entertaining guests. You can host pool parties, barbecues, or simply enjoy spending time with loved ones outdoors.

• Exercise: Pools are a fantastic way to get exercise and stay active. You can swim laps, play water games, or participate in water aerobics.

• Creates Lasting Memories: A pool can be the backdrop for many happy memories, from childhood pool parties to family gatherings.

Cons of Buying a Home with a Pool

• Maintenance Costs: Pools require regular maintenance, including cleaning, skimming, balancing chemicals, and potential repairs. This can be time-consuming and expensive.

• Safety Concerns: Pools pose a drowning risk, especially for young children. Proper fencing, pool covers, and adult supervision are crucial to ensure safety.

• Liability: Owning a pool increases your liability. If someone gets injured while using your pool, you could be held responsible.

• Limited Use: Pools are typically only usable during warm weather conditions. In areas with short summers, you might not get much use out of your pool.

• Hidden Problems: Older pools may have hidden problems that could be expensive to repair. Be sure to get a thorough inspection before purchasing a home with a pool.

• Security: Pools can attract unwanted guests or animals if proper security measures aren't in place.

• Higher Insurance Costs: Homeowners insurance might be higher for properties with pools due to the increased liability.

Additional factors to consider:

• Size and Style of Pool: The size, type, and features of the pool will all impact maintenance costs and overall enjoyment.

• Your Lifestyle: If you don't have the time or desire to maintain a pool, it might not be the right choice for you.

• Local Regulations: Some areas have regulations regarding pool fencing, safety equipment, and water usage.

Now let’s chat about having a pool installed!

Having a pool can be a great way to beat the heat and create a fun space for entertaining, but it's also a big investment that requires ongoing maintenance. Here's a breakdown of the pros and cons to help you decide if a pool is right for you:

Pros of having a pool installed

• Fun and Entertainment: A pool provides a great way to cool off on hot days, relax, and have fun with family and friends. Pool parties, barbecues, and splashing around are all great ways to enjoy your backyard.

• Health Benefits: Swimming is a low-impact exercise that's easy on your joints and provides a great workout. Pools can also be a great way to relax and de-stress.

• Increased Home Value: In some areas, a pool can add to the resale value of your home. However, this isn't always the case, and pools can be expensive to maintain, so factor in the cost of ownership before assuming it will pay off financially.

• Aesthetics: A well-designed pool can enhance the look of your backyard and create a resort-like atmosphere.

Cons

• Cost: Pools can be very expensive to install, and require ongoing maintenance costs for chemicals, cleaning supplies, and potential repairs.

• Maintenance: Pools require regular cleaning, skimming, and chemical balancing. This can be time-consuming and can be expensive if you hire someone to do it for you.

• Safety: Pools pose a drowning risk, especially for young children. If you have a pool, it's essential to install fencing and supervise children closely around the water.

• Liability: In some areas, having a pool can increase your homeowner's insurance rates. There's also the potential for liability if someone gets injured while using your pool.

• Limited Use: Pools are typically only usable during warm weather conditions. Depending on your climate, you may only get a few months of enjoyment out of your pool each year.

What do you think? Contact us with any questions about pool(or home) ownership! We can answer any questions you may have, and we are happy to connect with fern area pool builders!

Info@LandmarkProperties.com

(559) 412-2301

DIY routes that add value to your home in Fresno.

Like most home owners, there is a constant thought of “I wonder how much my home would sell for?“ Throughout this thought process, the idea of sprucing it up comes to mind—With a goal of adding value through bite sized projects. We’ve compiled a list of semi-inexpensive DIY ways to add value to your home, have a look and let us know if you have more to add!

Here's a list of inexpensive ways to add value to your home, along with estimated costs to give you a general idea (note that actual prices can vary depending on location and materials):

Boost Curb Appeal (potential return on investment: 5-10%)

• Increase Landscaping: Plant low-maintenance shrubs, flowers, or a small tree in your front yard (under $100).

• Mulch Around Trees and Bushes: Fresh mulch adds a polished look (around $30 per bag for a medium-sized bed).

• Power Wash Your Siding and Driveway: Improves the overall look and removes dirt and grime (can be DIY or professional service for ~$100-$200).

• Paint Your Front Door: A fresh pop of color adds personality (around $20-$50 for paint and supplies).

• Upgrade Your Doorknobs and Hardware: Brushed nickel or oil-rubbed bronze can add a touch of class (around $10-$20 per knob).

• Improve Your Porch Light Fixture: A new, updated fixture adds curb appeal (around $50-$100).

Interior Improvements (potential return on investment: 5-10%)

• Fresh Paint: Paint your walls in neutral colors to create a bright and airy feel (around $20-$50 per gallon, depending on quality).

• Update Light Fixtures: Replace outdated fixtures with modern styles, especially in kitchens and bathrooms (around $50-$100 per fixture).

• Deep Clean Your Home: A clean and tidy home makes a big impression (can be DIY or professional service for ~$100-$200).

• Organize Your Closets and Cabinets: Utilizing shelving and storage solutions creates a sense of spaciousness (around $20-$50 for organizers).

• Replace Cabinet Hardware: New knobs and pulls can update your kitchen or bathroom cabinets for a fresh look (around $10-$20 per knob/pull).

• Stage Your Home: Arrange furniture strategically and add decorative touches to create a welcoming atmosphere (can be DIY or hire a professional stager).

Minor Repairs and Upgrades (potential return on investment: 1-5%)

• Fix Leaky Faucets: A simple fix that can save water and prevent damage (around $10-$20 for a faucet repair kit).

• Caulk Around Sinks, Tubs, and Showers: Prevents leaks and improves the overall look (around $5-$10 per tube of caulk).

• Replace Cracked Floor Tiles: A small repair can prevent further damage and improve aesthetics (around $1-$3 per tile).

• Upgrade Switch Plate Covers: A small detail that adds a polished touch (around $1-$2 per cover).

Remember: These are general estimates, and actual costs can vary. It's always a good idea to get quotes from professionals for larger projects.

By focusing on small, inexpensive improvements, you can increase your home's value and make it more appealing to potential buyers.

If DIY isn't your thing, we have home service providers who are experts at renovating and maintaining your home, whether you’re prepping to sell, or looking for some upgrades. Email us anytime, Soldbylandmark@gmail.com

Why you should become a Realtor in Fresno(with Landmark)

The Fresno real estate market offers a compelling environment for aspiring realtors in 2024. With the mix of new developments, remodeled classics, and mixed-use developments, opportunities in our market are growing daily.

Here are some reasons why you should consider becoming a Realtor in Fresno:

Affordability:

• Relative Bargain Compared to Other Parts of California: Fresno's housing market remains significantly more affordable compared to coastal areas of California. This attracts a steady stream of buyers seeking more space and a lower cost of living.

• Growing Market: The Fresno housing market is experiencing steady growth, with property values showing a consistent upward trend. This translates to potential for good commissions for realtors who can connect buyers and sellers effectively. Remember, your network is your net worth so connect with as many buyers/sellers as possible.

High Demand:

• Population Growth: Fresno's population is on the rise, fueled by Californians seeking more affordable housing options. This creates a consistent demand for housing, which benefits realtors who can find properties for eager buyers.

• Diverse Market: Fresno offers a diverse housing market catering to various needs and budgets. From starter homes and family-friendly neighborhoods to luxury properties, realtors can specialize in specific areas to cater to different buyer segments. You can be a catch-all, or go niche!

Low Barrier to Entry:

• Becoming a Realtor: The licensing process to become a realtor in California requires passing an exam and completing coursework, but it's generally achievable with dedication and preparation. We can help, contact our Broker today! 

Additional factors to consider:

• Pleasant Climate: Fresno boasts a warm and sunny climate for most of the year, which can be a perk for those who enjoy outdoor activities. Our home is the center of CA, which constantly attracts new Fresnan’s relocating here. Develop a strategy to serve incoming residents, it’ll pay off.

• Low Inventory: While demand is high, Fresno's housing inventory can be tight at times. This can be an advantage for skilled realtors who can effectively source properties for interested buyers.

However, there are also considerations:

• Competition: The Fresno real estate market is becoming increasingly competitive. As more people see the potential, the number of realtors might rise as well. You need to be with a Brokerage that will give you the tools to succeed, like Landmark! Our commission structure is very competitive, and our network is constantly growing.

• Economic Dependence: The Fresno economy relies heavily on agriculture. While this sector is stable, diversification is limited. Fluctuations in agricultural markets could impact the housing market indirectly.

Overall, Fresno presents a promising market for aspiring realtors in 2024, with a good balance of affordability, growth, and diverse housing options. Carefully weigh the pros and cons, and conduct your own research to determine if becoming a Fresno realtor aligns with your goals and risk tolerance. 

We are more than happy to help you become a licensed realtor in Fresno, CA. Click here to apply with us today! Good luck in 2024!

Info@LandmarkProperties.com

(559) 412-2301

4 steps to help you decide between established neighborhoods, and new developments.

One of the hardest choices you’ll face during your home search; “which neighborhood do I want to live in?”

In this edition of Landmark Insights, we dive in to: The Allure of New vs. the Charm of Old—Let’s weigh the pros/cons of Established Neighborhoods and New Developments.

The American dream of homeownership often comes with a crucial decision: established neighborhood or new development? Both options offer distinct advantages and disadvantages, and the "right" choice depends on individual priorities and preferences. This article delves into a deep comparison of these two housing options, examining factors like:

1. Cost and Investment:

• New developments: Often come with higher price tags for similar square footage compared to established neighborhoods. This reflects the appeal of modern amenities, energy efficiency, and the "new home" factor. However, appreciation potential can be higher in new developments, especially in areas with ongoing development and infrastructure improvements.

• Established neighborhoods: Generally offer more affordable options, especially for older homes. However, maintenance and renovation costs can be higher as these homes may require upgrades to match modern standards. Additionally, appreciation rates may be slower than in rapidly developing areas.

2. Community and Amenities:

• New developments: Often boast a strong sense of community among residents, especially early on, due to shared experiences of settling into a new environment. They typically offer modern amenities like community centers, fitness facilities, and swimming pools, readily accessible within the development. However, these amenities often come with additional fees incorporated into homeowners association (HOA) dues.

• Established neighborhoods: May have a more established community atmosphere, with residents who have built relationships over time. They may have a wider variety of established amenities like parks, libraries, and local businesses, often within walking distance or a short drive. However, access to modern amenities specific to new developments might be limited.

3. Character and Style:

• New developments: Offer a uniform aesthetic with houses built to a specific architectural style. This can create a sense of cleanliness and order, but it may also lack the unique character and historical charm found in older homes.

• Established neighborhoods: Often showcase a diverse range of architectural styles, reflecting the history and evolution of the area. This can provide personalized character and a sense of place, but it may also mean dealing with older architecture that might require specific maintenance considerations.

4. Lifestyle and Convenience:

• New developments: Often located in peripheral areas to accommodate large-scale construction. This can mean longer commutes to workplaces and less immediate access to established amenities, grocery stores, and entertainment options. However, they may offer a quieter and more peaceful environmentaway from the hustle and bustle of urban areas.

• Established neighborhoods: Tend to be situated in more central locations, offering greater convenience with closer access to established amenities, public transportation, and employment opportunities. However, they may experience increased noise and traffic congestion due to their proximity to developed areas.

The Bottom Line:

Ultimately, the choice between an established neighborhood and a new development comes down to personal priorities and lifestyle preferences.

For those who:

• Prioritize modern amenities and a strong sense of community among new residents,

• Are willing to pay a premium for new construction and potentially higher HOA dues, and

• Prefer a quieter environment away from the city center,

New developments may be a good fit.

However, if:

• Affordability and established community connections are more important,

• Unique character and historical charm are appealing, and

• Convenience and access to existing amenities are priorities,

Established neighborhoods might be the better option.

Whichever one you pick, Landmark Agents are here to help!

Info@LandmarkProperties.com

(559) 412-2301

5 Steps to price your home(in today's market)

While price per square foot can be a starting point for determining your home's listing price, it's important to understand that it's not a definitive measure and should be used in conjunction with other factors for a more accurate and competitive listing. Here's a comprehensive approach to pricing your home per square foot:

1. Gather Information:

• Comparable properties: Research recently sold homes in your neighborhood that are similar in size, age, features, and condition. This data is often available through our realtors, online resources, or public records.

• Recent market trends: Analyze recent trends in the Fresno housing market(contact Landmark for info). Is it a seller's market or a buyer's market? Are home prices rising or falling?

• Your home's unique features: Identify any unique features or upgrades that could add value to your home, such as a swimming pool, finished basement, or high-end appliances.

2. Calculate the Average Price per Square Foot of Comparable Properties:

• Divide the selling price of each comparable property by its total square footage.

• Average the results to get a general sense of the price per square foot in your neighborhood.

3. Adjust for Differences:

• Not all comparable properties are created equal. Consider the following factors and adjust the average price per square foot accordingly:

  • Size: Larger homes may command a slightly lower price per square foot compared to smaller ones due to economies of scale.

  • Age and condition: Newer or well-maintained homes may warrant a higher price per square foot than older or outdated ones.

  • Location: Homes in desirable neighborhoods may command a premium, identify trends in your local market by chatting with someone here at Landmark Properties.

  • Features and upgrades: Unique features and upgrades can increase the perceived value of your home and justify a higher price per square foot. We have a list of partners a mile long that can do everything from pools, to custom doggy doors--That info is one call away. 

4. Consider Market Conditions:

• In a seller's market, you may be able to list your home slightly above the average price per square foot determined in step 3.

• In a buyer's market, be more realistic and consider listing closer to or even slightly below the average to attract buyers.

5. Utilize Professional Guidance:

• Consulting with our real estate agents can be invaluable. They have experience navigating market fluctuations, understanding central valley trends, and accurately valuing your home based on its unique characteristics. We can also help you determine a competitive listing price that attracts buyers and facilitates a smooth sale.

Friendly Remember:

• Pricing your home accurately is crucial. Overpricing can deter potential buyers and lead to longer listing times, while underpricing can leave money on the table.

• The price per square foot is just one data point – combine it with other market factors and professional guidance to achieve an optimal listing price for your home. 

• Landmark is here to help, contact us today to learn more about the process and get the best price for your home. 

Info@LandmarkProperties.com

(559) 412-2301

Don't lose interest in your home search because of interest(rates).

If you’ve watched the news in the last year or so, you know that Interest rates are top of mind for most real estate professionals. High home loan interest rates can be a significant burden, but there are several strategies you can consider to minimize the amount of interest you pay:

Let’s dive right in!

Strategies to reduce your loan principal:

• Make larger down payments: This reduces the overall loan amount, lowering your monthly payments and the total interest accrued.

• Make extra payments: Even small additional monthly payments can significantly reduce your loan term and interest paid. Consider allocating bonuses, tax refunds,or other windfalls towards your principal.

• Bi-weekly payments: Splitting your monthly payment into two payments every two weeks effectively makes you pay one extra payment per year, accelerating principal reduction and interest savings.

• Refinance: If interest rates have dropped since you took out your loan,refinancing to a lower rate could save you thousands in interest. Consider the costs involved and whether the long-term savings outweigh them.

Strategies to negotiate a lower interest rate:

• Shop around: Compare rates from multiple lenders to ensure you're getting the best possible deal.

• Improve your credit score: A higher credit score often qualifies you for lower interest rates. Consider credit repair services or building your credit history through responsible borrowing and timely payments.

• Negotiate lender fees: Some lenders may be willing to negotiate closing costs or other fees, which can translate into a lower effective interest rate.

• Consider alternative loan options: Explore adjustable-rate mortgages (ARMs) or shorter-term loans, though be aware of potential risks associated with these options.

Additional options:

• Government assistance programs: Some government programs offer down payment assistance or lower interest rates for qualified borrowers. Research programs available in your area.

• Temporary buydown: In some cases, the seller may be willing to contribute to a temporary buydown, lowering your initial interest rate for a specified period.

• Debt consolidation: If you have high-interest debt elsewhere, consolidating it into your mortgage could lower your overall interest rate, but ensure the terms are favorable.

Remember:

• Carefully assess your financial situation and consider seeking professional advice before making any major decisions.

• Weigh the potential benefits and risks of each strategy before implementing it.

• Be proactive and persistent in your efforts to reduce your interest costs.

I hope this information helps you in your quest to pay less interest on your home loan! Contact us at Landmark for referrals to professionals that can assist with strategies around credit repair, debt consolidation, refinancing, and so much more.

Contact Info:

Info@LandmarkProperties.com

(559) 412-2301

8 Reasons to Buy a Home in Fresno, CA

There are several reasons why someone might consider buying a home in Fresno, California. Here are a few of the most commonly cited, let’s dive right in:

Affordability: Compared to other parts of California, Fresno offers a relatively affordable housing market. The median home value is significantly lower than the state average, making it a particularly attractive option for first-time homebuyers or those on a budget.

Location: Fresno is centrally located within California, with easy access to major cities like Los Angeles, San Francisco, and Sacramento. This makes it a good choice for people who want to be close to the action but don't want to deal with the high cost of living in those cities. Additionally, Fresno is within driving distance of several national parks, including Yosemite, Sequoia, and Kings Canyon, offering great opportunities for outdoor recreation.

Job market: While not as robust as larger California cities, Fresno's job market is steadily growing, particularly in the agriculture, healthcare, and education sectors. The city is also home to a number of large employers, such as Amazon and Kaiser Permanente.

Family-friendly: Fresno has a strong sense of community and offers a variety of family-friendly amenities, including award-winning schools, parks, and recreation centers. Several neighborhoods are known for their safety and welcoming atmosphere, making them ideal for raising children.

Culture and entertainment: Fresno offers a diverse cultural scene with a vibrant arts community, museums, and theaters. The city also hosts a number of festivals and events throughout the year, providing ample entertainment options.

Climate: Fresno enjoys a warm Mediterranean climate with plenty of sunshine throughout the year. While summers can be hot, the winters are mild, making it an attractive option for people who prefer warmer weather.

Access to agriculture: Fresno is located in the heart of California's Central Valley, one of the most productive agricultural regions in the world. This provides residents with access to fresh, locally-grown produce and other agricultural products.

Outdoor activities: Fresno offers a variety of outdoor activities, from hiking and biking in the nearby foothills to boating and fishing on the San Joaquin River. The city also has several parks and green spaces, perfect for enjoying the outdoors.

If you have any more questions, we would be delighted to discuss the Fresno Real Estate Market with you.

Contact us today, Info@LandmarkProperties.com (559) 412-2301