Wednesday, January 16, 2013

Only the rich can buy a home in California?

Q. I've seen many new home developements with vaulted ceilings, mini-vineyards, huge houses on little tiny lots...Why can't some developer built some homes for us regular people?
A normal sized home with plenty of closet space and a decent (not designer) kitchen that is set more than 3 feet from the neighbors house.
I realize that they need to make money, but more people could afford homes in this state if the builders weren't catering to people who already own 2 and 3 houses.

Your perspective/opinion is welcome.
I know what you mean about the 'cookie cutter' houses. My father just bought a new one and there are cracks all over.

Also I have looked at older homes and people have been doing the same thing. Fixing them up with marble this and corian that. Unless you buy a major fixer yourself.
10 years ago I could have bought a house in the SF bay area on my $10/hr job. Suppose those days never to return?

A. They have a certain amount of LAND for a development. That's all they have, and they are not getting any more. For this, they paid $X, and once they have it, it's going to be years going through the permit process.

Furthermore, it's silly, but people buy a property based upon the structure and the amenities. Well, it's not silly to make that one of the factors, but people go overboard. They will buy a 5 bedroom 2800 square foot house on a 3000 square foot lot before they'll buy a 3 bedroom 1800 square foot house on a 20,000 square foot lot. The same structure is really worth a lot more when it's on a bigger lot, and even a lesser structure may really be worth more if it's on a bigger lot, as is likely to be the case here. Add travertine and granite countertops and the fact that it's *new* to the 2800 square footer, and you've got people willing to pay $800k for the first property as opposed to maybe $550k for the second.

The developer knows this at least as well as your average real estate agent. The developer has all of this researched down the the last centimeter of the lot lines. They are not in business to build wonderful homes that people are going to be happy in forever; they are in business to make money, and the blinged-out houses on the smallest possible lots bring in the most money for that developer. The fact that you're the very first person to live in the house is a further attraction to the kind of person who buys new cars, which is to say, most of the population, and it's worth serious $$ to that developer's bottom line.

Nor is the developer alone in this endeavor. They wouldn't make the most money from homes like that if people didn't pay the most money for homes like that. You want the real culprits in this scenario, look around you in any large crowd. It's all to easy to blame the developer, but the desires of the average home buyer and the regulatory environment both played huge factors in getting the state of new housing to where it is now.

There are ways to potentially fix the problem - but none of them has any measurable political support. Your best bet is to find a good buyer's agent to defeat the problem on a retail level, that is, for yourself, because wholesale solutions are not likely until people get rational about solving society's problems.


What is the most cost-effective way to heat a house?
Q. We have a 3000 sq ft house but only really use 2 bedrooms after dinner. Which is the more cost-effective way to heat overnight -- furnace heating the house, or 2 small Vornado digital heaters, one in each of the 2 bedrooms?

A. Depends on the heat source of the furnace... A whole house heated with gas to a very low setting can be the same cost as two bedrooms heated with electricity (and then having to re-heat the whole house the next day)
Personally, I'd be even more localized... say use electic blankets. But if that is not a good idea for you, then the small heaters could be an answer if the bedrooms don't have a lot of windows or unusual heat loss.

Your can calculate the cost of both options if you have all the data. You can also set up a timer/counter on either heater that tells you there ON time and you can then calculate the EXACT cost of one night's heating for each and then compare. Unfortunately you'd have to have some sort of electrical working knowledge to set that up.

Maybe you could use your meter, gas and electric, and a routine of monitoring to get an idea of your use of energy with each method and just do the math from that.

Keep in mind that it is often cheaper to keep a house reasonably heated (no lower then 60F) than it is to keep it unheated and then heat if up only when used. In other words, it can be cheaper to keep a house heated moderately than it is to heat a cold house everyday. Once again, you'd have to monitor your utility meter to be sure of anything you do.


What is the average cost of an furnace/air conditioning unit?
Q. I own a one level 900 square foot condomimiun in Cleveland, Ohio. I need to replace the furnace/air conditioner combo. I looking for the average price of these units. I'm not looking for any bells and whistles. I just want something that will adequately heat and cool all 900 square feet. The includes two bedrooms and living/dining room combination.

A. You could probably close the book on that for about 3000 to 3500 bucks. Maybe a little more, maybe a little less. It's hard to bid without seeing it or even knowing the type of system to be installed. You'd have removal of the old airhandler and compressor/condenser unit along with removal of the A-frame evaporator, setting the new unit and fabrication of the new plenum with tie in, construction of the proper return structure plenum, setting, brazing, and wiring. It's hard to tell over the internet without a whole bunch more details but a crapload of Chinese junk will work for many years and cost about 3 g's.


Adding on to my home cost and which way is better?
Q. I have and all brick ranch built in 1964 and about 1800sqft, there is no masters just three small bedrooms and two baths one up and one bath down. I was thinking of adding a master above the house or convert the garage. How much do you think it will cost me in Atlanta, GA and which way would be cheaper, convert the garage or add on top of the house?

A. Hello. My name is Richie. I am an electrician and a home improvement expert. I will help you the best I can. I am a professional electrician and a PT electrical associate for Lowes in Fayetteville.
I live near Atlanta, Fayetteville actually, and if you need me to, I can come and give you and estimate.
You will have many contractors that will hit you for several thousand dollars. I myself don't do home improvements for a glorious amount of money. I did one job at a Think Sushi in downtown Atlanta that was quoted at over $15,000. I did it for $3000.
First you need to determine where you want it. Upstairs? Is it an attic and will it hold up flor space? Do you want to install a bathroom in this room too? If you decide on the garage, it would be more simple but when the cold weather hits, you may wish you had it again.
In this room is the electrical. You will need almost two switches for light and ceiling fan, outlets, and other additional power requirements such as an extra outlet for an A/C window unit. Most electricians look to hit you for at least $1000. That is just labor.
Then there is HVAC. Running air ducts and returns is easy but the bill will rise there too.
Then you need a drywaller and drywall finisher. This can set you back another $1000 and then if he does a half hitched job, he got his money and is gone.
Another option is, do you use all three bedrooms? Is there someone sleeping in all three? If not, knock out a wall and make two rooms into one. It can be done without exhausting you garage.
Once you decide what you want to do, hire a good contractor. If you wish to find someone like myself that does it as a hobby and who cares how the job is done, then do not pay until the job is done. I will not accept any payment until the job is done.
Good luck and God Bless. Jesus Christ loves you.
If you have any other questions, feel free to contact me at rsrasmussen72@yahoo.com. I am a God fearing Christian and I would love to help.





Powered by Yahoo! Answers

Title Post: Only the rich can buy a home in California?
Rating: 94% based on 1258 ratings. 4,3 user reviews.
Author: Unknown

Thanks For Coming To My Blog

No comments:

Post a Comment