Top 5 Things to do in the Summer

wigwam resortWith daytime temperatures over 100 degrees for most of the summer, we’re all looking for fun places to cool off! I’ve been living in the Valley of the Sun for almost 25 years and everyone I know is always looking for something cool to do in the summer! Here are a few of my favorites:

Local Resorts
Most 4 and 5-star luxury resorts offer their best deals during the summer months, because they cannot fill all the rooms since Valley tourism is always down June-August. The fantastic deals are a great way for locals to enjoy a fun and affordable staycation at an otherwise pricey resort. The Wigwam (pictured) in Litchfield Park is popular with families and those looking for a quiet spa weekend. The Wigwam has summer activities for the enter family every weekend.

Waterparks
The Valley is home to several awesome waterparks; Hurricane Harbor in North Phoenix, Sun Splash in Mesa and Big Surf in Tempe. Waterparks are one of the best ways to enjoy a hot summer day while still being outside in the fresh air.

OdySea Aquarium
The OdySea Aquarium in Scottsdale is a massive 200,000 square foot facility which puts it at the largest aquarium in the Southwest. A visit to the aquarium is the perfect way to escape the heat for a few hours. While you’re there, don’t miss out on the enclosed escalator fish tank, the restroom shark fish tank which ranks amongst “the best bathrooms in the US”, and the Living Sea Carousel, a rotating exhibit which takes you past 4 exhibits including a massive shark and sea lion tank.

Museums
Summer is the perfect time to check out the Valley’s diverse museum scene. A few of my favorite’s include the Musical Instrument Museum, The Phoenix Art Museum and The Science Center. Spending a few hours strolling in an air conditioned museum is the perfect opportunity to escape the heat while enjoying a fun and educational activity. Be sure to check out the summer concert series at the Musical Instrument Museum.

Ice Skating
When you really want to cool off, head on over to one of the Valley’s ice skating rinks where the inside temperature is always a cool 55 degrees! AZ Ice in Peoria offers public skating times, lessons and camps.

Where are your places to cool off in the summer? Give me a call so I can add to my list! 602-329-7762

New vs Pre-Owned Homes

phoenix home for saleWhen it comes to making a decision between buying a newly constructed home and buying a pre-owned house, the first thought that is likely to strike the mind of the prospective buyer is location and price. While price may be a factor in any business transaction, there are other things to look out for when purchasing real estate. Let’s take a look at the benefits and disadvantages of buying a new home from a builder vs buying a pre owned home from a private seller:

1. Location of the home

Pre-owned home (Pro): This is one advantage of owning a pre-owned home. Most pre-owned homes are situated in already established areas with access to schools, banks, and other social infrastructure.

New home (Con): Most newly constructed homes are built in locations outside the main city area. This is because of the fact that most of the main city area is already occupied, and the only available space for new buildings are on the outskirts. While this might be a good location for some people, however, it implies that you’ll have to commute every day to places like schools, office, and shopping malls.

2. Availability of new features

New home (Pro): New homes are built based on the latest designs and feature the latest technology. Most new homes come with more amenities and appliances which are seldom found in older homes.  However, you are getting a blank canvas in the backyard and you’ll be expected to landscape the front of your home within a short period of time

Pre-owned home (Con): An older home lacks some of the latest technological features of modern smart homes. This might be an issue for some people who are tech-savvy.  Depending on what the buyer is looking for, some homes may need remodeling, new appliances and other updates.

3. Ease of acquisition

New home (Pro): Buying a newly constructed home is easier than buying a pre-owned one. It takes a shorter period of time in searching for and concluding the acquisition of a new home than it is for an old one. However, most builders estimate 9 months to complete a home. This may work for your advantage if you are trying to sell a current residence and need some extra time to prepare financially.

Pre-owned home (Con): Buying a pre-owned home involves some extra steps before the deal is final.  These homes need to be inspected for infrastructure, termites and may be in need of some crucial improvements. Some sellers might be resistant to complete repairs or reduce the sell price to compensate the buyer for not fulfilling that request.

4. Renovation and repairs

New home (Pro): As a brand new house, there is almost nothing needed to be fixed in it as everything is still “fresh.” Hence, there is virtually no need to start making repairs or renovations in the house. This also means that you don’t spend more money after finally buying the house. Homes are 100% move in ready and don’t need renovations.

Pre-owned home (Con): A pre-owned home might need some major repairs, new appliances, floors and paint. This means that you’ll have to put in more time and money in restoring the home before actually moving in.

5. Pricing

Pre-owned home (Pro): Since old homes have already been previously occupied, the cost of buying them will be lower than getting a brand new home. There are exceptions though, as pre-owned homes in reputable high demand neighborhoods will still carry huge price tags.  However, the price of the home includes established landscape, possibly a pool and window covering.

New home (Con): With all the amazing features and technology fitted in a new home, the price just has to be more expensive.

Whether you are buying a new or pre-owned home, always have a real estate agent represent your interest.  Let me how I can help! 602-329-7762

Scottsdale #1 Profitable City for Airbnb

www.Realtor.com

As you may have heard, Realtor.com recently ranked Scottsdale as the #1 profitable city for an Airbnb! Why are Airbnb rentals so popular in Scottsdale? The City of Scottsdale has long been a popular location for families and American corporate elites looking for a vacation getaway filled with golf, hiking and outdoor adventures.

With the growing popularity of short term rentals across the country, many cities are creating tighter rules or banning Airbnb rentals altogether. Arizona, on the other hand, has gone in the opposite direction. In 2016, Arizona signed a law that prevents cities from banning short-term rentals. So even though Scottsdale may be #1, all cities in the Valley of the Sun allow homeowners to profit from Airbnb rentals!

Scottsdale Real Estate-
Median list price: $685,100
Average daily rate: $301
Occupancy rate: 81%
Active rentals: 5,178

Are you considering purchasing a home to list on Airbnb? Give me a call to discuss what part of the valley may be best for you! 602-329-7762