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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

Pros and Cons of Artificial Turf

artificial turfSince Arizona is primarily composed of desert land, with very little rainfall, you may have considered installing artificial grass instead of real grass in your front or backyard. One of the biggest reasons to install artificial turf is the lack of maintenance. Gone will be the mornings of mowing, weeding and trimming your grass. Instead, you’ll only need to occasionally rake off some leaves and debris. Additionally, with artificial grass, you won’t have to pay for fertilizer, watering or seeding, so the ongoing maintenance costs of real grass will be nixed.  Another upside to artificial turf is its appearance.  Your lawns will always be green, verdant, and lush-looking.  The average life expectancy of artificial turf, depending on the product itself, is 15-25 years, so it likely will be something you won’t have to worry about with the entire time you live in your home.  Finally, there are many more options of artificial grass nowadays, with many more realistic artificial turf choices out there, instead of the plastic-looking turf of the past.

Some of the cons of artificial turf to consider are first, the cost.  Artificial grass averages around $7/square foot, so the initial expense can be considerable. This cost, of course, should be balanced against the maintenance and landscaping costs of real grass on an annual basis. Also, in Arizona at least, the temperature of artificial grass as opposed to real grass can be a real concern.  The surface temperature of artificial grass can exceed 150 degrees Fahrenheit, which makes this surface a very real danger. Watering down the surface on hotter days can cool it down, but this may negate the fact that you’re trying to reduce water usage.

I’d be happy to discuss these pros and cons with you, especially with regard to listing or buying a home. 602-329-7762

Pergola, Ramada or Gazebo?

ramadaThe beautiful spring weather encourages us all to spend more time outside. As a result, many homeowners start think about backyard projects. Have you ever considered building a pergola, ramada or gazebos? Is there a difference? Many people use these terms interchangeably, but there are distinct architectural differences between each structures.

What is a Pergola?
Pergolas have cross beams as a roof. They are also commonly used for outdoor kitchens and built in BBQs. Pergolas have become popular in recent years because their design accommodates modern styles and can be less expensive to build than a ramada.

What is a Ramada?
A ramada is rectangular or square in shape with a solid roof. It is often built over outdoor kitchens to protect the appliances from rain and other outdoor factors that can damage them. If you plan to install an outdoor kitchen in your backyard, a ramada is a smart choice.

What is a Gazebo?
A gazebo also provides shelter and has a solid roof like the ramada with open sides. The shape of a gazebo is either octagonal or circular in shape. The gazebo design has been around for several centuries, they can be seen on old properties all over the world.

Which one is right for you? Ask yourself if you want full protection from the weather or partial shade. If you want full protection, a ramada might be the best option for you. If you want partial protection, then a pergola or gazebo may be best. Of course, you will also want to consider your personal style preference and the style of your home. Or you can give me a call and I can help you find a new home with a pergola, ramada or gazebo all ready for you to enjoy! 602-329-7782

Phoenix – A Great Spot for Real Estate Investment

Aviano homeToday, investing in real estate isn’t rocket science. It is pretty simple. Find a home up for sale at an affordable price, buy it, do some renovation works and put it up for sale for a higher price than you bought it when the value goes up. You can as well rent it out while you wait for it to appreciate in value. It is an easy business for those who know their onions.

Apparently, the most crucial part of real estate investing is knowing the best homes that will yield maximum value for every penny you spend when the time to sell comes. While there is no full guarantee that the property you are buying will be worth your money, the odds of a successful real estate investment increases largely when you target the right cities.

Now the big question will be “what makes a city right for real estate investment?” a major trait to look out for is whether the area in question is booming and bustling economically. Areas that favor real estate investment are cities known to be actively attracting entrepreneurs (most especially in the tech sector), enjoying solid job growth, and have bustling factories and warehouses.

Another major factor to consider is the climate and outdoor living condition of the city. There is a higher chance of getting better offers for your property if it is located in a peaceful, crime-free environment with a desirable climate.

All the factors listed above can be found in Arizona thus making it a great spot for real estate investment offering a wide range of opportunities both to buyers and investors.

Arizona is at the moment enjoying rapid economic growth which is in turn pushing in buyers. Jobs are getting added at twice the national rate in Phoenix and Prescott especially in the finance and health sector while Flagstaff has been enjoying great returns in tourism, a major criterion for a great real estate hub.

Investing in real estate in Arizona also gives you better value for your money compared to larger cities. As a result, you pay less for higher value. A comparison of the price of real estate in Phoenix has shown that while you may buy a 2500 square foot home in Phoenix for $250,000, you will pay up to $550, 000 in Los Angeles for the same property and as high as $585,000 dollars in Seattle.

Arizona is also a great place for work and pleasure, and this makes it the perfect place to invest your money.  The outdoor climate in Phoenix makes it just perfect, plus a rarely humid cool summer with over 8 months of perfectly clear weather. Thrill seekers in search of adventures find life in Arizona quite interesting with several miles of areas to hike and bike, and a long list of other outdoor sports/activities such as golfing, mountain biking, running, golfing, fishing, camping, kart racing and a large number of lakes to explore and keep them busy.

Because tourism is such a big deal in Arizona, several property buyers and renters are available all year round. Asides the myriad reasons already stated, many visitors choose Arizona for vacation due to its several tourist attractions including the majestic Grand Canon in the North. Arizona also boasts of art galleries, shopping areas and a number of amazing eateries.  The Phoenix Art Museum and Heard Museum provide visitors with a feel of the local art and Native American culture.

These and other factors are responsible for the boom in real estate properties in Phoenix, Flagstaff and Prescott and other cities of Arizona making it a perfect destination for investors.

Contact me if you are looking to buy for yourself or invest in a property in Phoenix, metro area.