Brand New Oxy Lofts in Eagle Rock

Bauhaus meets Bohemian
Modern Los Angeles lofts for sale at Oxy Lofts. These homes for sale in Eagle Rock are stylish, spacious and centrally located. Check out Oxy Lofts for the best modern condos in LA!
www.oxylofts.com
I’m holding an open house for the Brand New OXY LOFTS in Eagle Rock. I will be there from 11-4pm on Saturday Mar.12th This is an incredible deal. Lofts priced from $359,000-$429,000 The first 10 lofts sold will get an even better deal. Looking forward to giving you a tour.

Buyers Have the Edge!

According to Lawrence Yun, chief economist from the National Association of REALTORS, “Home buyers over the past year got a great deal, and buyers for the balance of this year have an edge over sellers. Affordability has reached a generational high in the second of this yer because of rock bottom mortgage interest rates, helped partly by the Fed’s very ccommodative monetary policy.”For more reasons why now is a prime time to buy a home, contact me and I’ll send you a free ebook.

What’s the payback on Home Remodeling

Before you invest in remodeling your home check an excerpt from an Inman News Article by Mary Umberger

Five things to know about what seems to have a payback — and what doesn’t — in home remodeling:

1. The magazine studied tightly defined jobs on a national and regional basis, as well as for many cities. It further broke down many of those projects, such as kitchen remodeling, into such categories as “minor remodel” and “high-end.” The study was conducted in collaboration with the National Association of Realtors, whose members offered payback estimates based on resales in their geographic areas. Full results can be seen at remodeling.hw.net. The top five “moderate projects” with the strongest payback at resale time, returning 72.2 percent or more of their cost: steel entry-door replacement (at a cost of about $1,200); garage-door replacement ($1,000); wooden deck addition ($11,000); replacing 10 insulated, wooden windows clad in vinyl or aluminum ($12,000); an attic bedroom addition ($51,428).

2. The best bang for the buck was garage-door replacement, Alfano said. It was the first time that project had appeared in the survey, though it made sense because consumers seem to have a strong interest in curb-appeal projects these days, he said. The top 10 spots in the national ranking are occupied by 13 projects (there were ties), and nine of these are exterior replacements, Alfano said.

3. Two projects with chunky price tags held their own in the ratings, which surprised Alfano somewhat: The full remodels of basement and attic stayed in the top 10, despite their costs. In the survey, the basement rehab typically cost $64,500 and returned 70 percent at sale time, the study said. (Although the researchers wrote a lengthy and detailed description of the project in order to gain a consistent cost estimation, the basic job, for purposes of the survey, was to finish the lower level of a house in order to create a 20-by-30-foot entertaining area with a wet bar and a 5-by-8-foot bathroom; walls and ceilings were of painted drywall, exterior walls were insulated, and wiring and plumbing were new.) The attic bedroom carried an average price tag of $51,000 and returned 72.2 percent of the cost, according to the study. (This task was to convert unfinished space to a 15-by-15-foot bedroom and 5-by-7-foot bathroom with shower. The plan would include a dormer, four new windows and closet space, with new insulation, heating and air conditioning, and wiring to code.) “They’re fairly beefy projects,” Alfano said. “But they add living space without breaking ground. People are looking for and need to have more living space, and (those two projects) are the most economical way to do it” — generally cheaper than a room addition, he said.

4. Kitchens are the darlings of home remodeling, and lately the market action is in the magazine’s definition of a minor version, Alfano said. There’s probably no such thing as a cheap kitchen remodel. But by the magazine’s terms, the minor remodel takes a functional but dated 200-square-foot kitchen with 30 linear feet of cabinetry and countertops and leaves the cabinet frames in place, replacing their fronts with new, raised-panel wooden doors and drawers. The room also gets an energy-efficient wall oven and cooktop, laminate countertops, mid-priced sink and faucet and resilient flooring. Again, the key here is not messing with the footprint in order to conserve costs — no walls or plumbing were moved. The average cost for such a job was about $22,000, with a likely return of 72.8 percent of the cost, the magazine estimated. “It jumped up to fourth place this year, which is nice to see,” he said. “People are getting back to traditional projects, but in a smaller way.”

5. Although the “don’t bother” category — in terms of payback — may be debatable, the project that had the least return, according to the survey, was installing a backup power generator, at an average cost of nearly $15,000. Its payback was about 48 percent, according to the study.

7 Reasons why now is a great time to buy a home!

It’s prime time to buy a home!

I just read a great ebook called “7reasons Why Now is a Great Time to Buy a Home!”It’s filled with positive, exciting information to help buyers seize the incredible market opportunities available to them right now. Over the next seven weeks, I’ll be sharing key excerpts from this ebook with you in my blog. For a free copy of the ebook, contact me and I will send it your way. 323.804.2008

Important Article about Re-Financing

Thinking of refinancing your home read this article first!

http://www.latimes.com/business/realestate/la-fi-harney-20101010,0,5817827.story

It’s Enough with Doom and Gloom

Please read this article from the Wall Street Journal. Now is definitely the time to buy…

online.wsj.com/article/SB10001424052748703376504575492023471133674.html?mod=wsj_share_facebook

Search MLS listings like an Agent.It’s FREE

Go to my updated website and search the MLS like an agent or go to find a neighborhood and search by area for a property. Let me also help you by adding you to the LISTINGBOOK (free of Charge) so that you can get daily reports on properties that interest you. You will be notified if they have been reduced or if new listings are available for the neighborhoods that interest you. Go to http://www.karennumme.com or email me at knumme@karennumme.com Mortgage Rates are so low-it’s embarrassing.

Living in Hong Kong in 350sq ft

Fabulous Art & Charity Event Last Night at KW Los Feliz

Keller Williams does it again. Our Art Exhibit and Charity event benefitting Breast Cancer Research was a huge success. 200 people attended , viewed Art, purchased raffles, enjoyed wine, refreshments and won great prizes. The exhibit will remain up for 3mos. Please stop by and check out the work (it’s gift giving time soon). Keller Williams does not take any commission from the artists, all the monies raised for the charity come from selling raffle tickets. I have to say I was very disappointed that the Cuban Food Truck “No Jodas”that we scheduled for the event never showed. But KW and Cheech’s pizzeria in Los Feliz came through and all the starving art patrons were happy. And we sold ART.

Tax credit closing deadline extension passes Congress | Inman News

Tax credit closing deadline extension passes Congress | Inman News.