Experience You Can Trust

Surviving a Home Remodel

Surviving a Home Remodel

Except for a few lots in San Joaquin Hills, the city of Laguna Niguel is built out. Ron Buck, Realtor, says there are also some custom build lots in South Peak and Laguna Sur. There are a lot of homes built in the 70s, like the Niguel Hills area, with no HOA fees and larger lots. The 1980s was a very active building time. Neighborhoods like Rolling Hills, Beacon Hill, Niguel Summit and Rancho Niguel were mostly built in the mid to late 80s. The newest neighborhoods are San Joaquin Hills and Hillcrest Estates. While Ron Buck knows that location and views are always on the top of the list for most buyers, Ron Buck would like to tell everyone that the condition is obviously very important. Some things are more difficult to update, like small closets, low ceilings and small garages. This becomes more like functional obsolescence. Ron Buck, Realtor, showed two beautifully located homes today, built in the late 80s, which had limited upgrades. One property had all new expensive flooring but the cabinetry was untouched in the kitchen and baths, and the windows were original. The other property had some new windows and even a small addition to the home but everything else was original (and “tired”, I like to say). Maybe it is because Ron Buck’s family is living through a bathroom remodel right now that all this come to mind again. Ron Buck’s mid-80s home has had a new roof, new windows, new furnace and new kitchen. Oh, Ron Buck would like to add the slab leak that Ron Buck’s family had to live...

What Exactly Is “Price Per Square Foot”?

This is surely one of the most often asked questions Ron Buck, Realtor encounters as a working Realtor. The other most frequently asked question is, “How long has it been on the market?” Ron Buck, Realtor, has always been fascinated by price per square foot. Here are a few things Ron Buck thinks you should keep in mind. The price per square foot is very much neighborhood specific. In a given neighborhood or a given area the price is fairly uniform. What you will see within that neighborhood is that the smallest house has the highest price per square foot and the largest house has the lowest price per square foot. That number is very specific to city, price range, finishes, view, ocean view, style and age. Also it varies based on whether the home is tract or custom. Here are a few examples. For detached homes from $500K to $750K sold price in the last quarter in Laguna Niguel averaged $291 per sq. ft. For homes from $750K to $1 million the price was $301. Homes from $1 million to $1.5 million the square foot price was $380. For homes from $1.5 million to $2 million the price was $354. For homes above $2 million the price was $444. For Dana Point sales from $1 million to $1.5 million the price was $413 per square foot. (10% more than LN). Ron Buck knows that one story homes usually sell for more per square foot, and ocean view homes always sell for 10% to 20% more. Older homes in general sell for less unless they have been remodeled completely....

Real Estate Season – Back To School

If you have been busy with summer vacations, kids’ swimming lessons and visiting family you may not be up to date on real estate in Laguna Niguel or the OC in general. You may have caught the news release from NAR (National Association of Realtors) which gave much-improved real estate statistics. Numbers of homes in escrow and the number of homes closed are both up from a year ago. In fact the stocks for new home builders went up with the news as well. At the risk of sounding like a broken record the inventory is down 40% from the beginning of the year. Ron Buck, Realtor®, says, “Remember that the numbers reported in the media are 30 to 60 days old. I think the most recent NAR numbers were for July figures.” To really get the facts call a full time Realtor® like Ron Buck who is in the market every day. “We Realtors feel the pulse of the market and deal with the issues of inventory and interest rates every day. We interview buyers coming through open houses, fight the battle with appraisers and underwriters, advise sellers how to position their product on the market for a good sale and watch the inventory numbers like a heart monitor.” Adds Ron Buck, Laguna Niguel real estate expert. In Ron Buck’s sixteen years of residential real estate he has always noticed that August seems to be the slowest month of the year for real estate activity. The reason is obvious. Families usually want to be moved and in their new homes before school starts and many other potential buyers...