Home Shopping? Walk Away If You Spot This in the Kitchen By Joe Szabo, Scottsdale Real Estate Team

By Joe Szabo, Scottsdale Real Estate Team Over the years, Tarek and I have bought a lot of houses, and we’ve seen every nightmare possible. From vandalism to faulty foundations — and even cement mix in the toilets — we’ve somehow made it through all of our house flips without going completely nuts or losing our shirts in the process. From all of our crazy experiences, I’ve learned that there are a lot of things that can set you back when you’re buying and flipping houses, but most of them aren’t going to be deal breakers — if you do your research and plan your rehabs right. With that said, if you’re buying a house for yourself or you’re worried about a tight rehab budget for a fix-and-flip house, there are definitely a few things you should look out for, and many of the big ones are in the kitchen. Some of these problems can be deal breakers and leave you wishing you had waited for a different property.

Water damage

Water damage is an important thing to look for in any room of the house, especially in the basement and ground floor, as previous evidence of flooding can foretell some serious woes down the road. However, in the kitchen, water damage isn’t necessarily just a sign of flooding and potential problems if you get a rainy season. In fact, when you see water damage in the kitchen, pay attention. This could indicate a problem with the plumbing, like a cracked or leaky pipe or sink. Even if the owners swear that they had the cause of the water damage taken care of, you’ll want to take a really good look. Have your inspector or contractor give it a once-over to ensure that you aren’t going to be looking at more extensive repairs down the road. Even if the cause of the water damage has been addressed, there’s still a chance that the damage could be deeper and more expensive than you think, especially if there’s water damage to the floor. Have an objective pro look at it for you, and see what they say before you move forward.

Asbestos pipes

Back in the day, asbestos was used to insulate pipes and keep them from freezing in the winter. If asbestos hasn’t started to break down, it isn’t that dangerous. But because any house you find with asbestos pipes is going to be older, you can expect the asbestos to start breaking down in the near future, even if it isn’t now. Worse yet, if you have kids who like to get into everything (like mine!), you’ll have to worry about them getting in contact with the asbestos, as well. In general, unless a house is an absolute steal with a lot of room in the rehab budget for improvements, I try to avoid any property that has any asbestos insulation. If you see it on the pipes leading to the kitchen sink, you might want to rethink this deal.

Cabinetry problems

Kitchen cabinets can be a problem in many different ways. The most obvious is if the kitchen’s cabinets are rotted and need to be replaced. If you’re planning on putting some work into the house and you’re looking forward to some fixer-upper time, then this definitely isn’t a deal breaker. However, you might want to use it as leverage to bring down the seller on the asking price. After all, if you have to spend money to replace the cabinets, the house obviously isn’t up to its full market value. Another of the woes that can come with kitchen cabinets is their shape and size. I’ve walked into houses with cabinets that looked absolutely beautiful, but when I opened them, I was in for a rude awakening. They were so shallow that I didn’t think a full-sized plate could even fit in them, let alone a serving platter or anything larger. Sometimes, to make a small kitchen look bigger, a designer will try to maximize space by installing shallow cabinets. This is a pretty awful trick, if you ask me. So always be sure to check out the actual height, width, and depth of the cabinets before you buy. Chances are the seller won’t lower the price on the house just because you don’t like the size of relatively new cabinets that are in good shape. However, you can see if there’s room in your budget to get cabinets installed that will be better for your needs.

Cheap flooring

This is not the worst thing you could find, especially if you’re planning on renovating the house after you buy it. But if you walk in and see cheap linoleum flooring, you’ll have some real work cut out for you with the house if you buy it. Cheap flooring can be really expensive to pull up and redo. It’s a good idea to know exactly what you’re getting into with renovations if you go that route.

Hassles vs. hazards

If you’re going to buy a fixer-upper, most of these things won’t be huge problems, especially if you’re planning on doing a lot of renovations. However, water damage and asbestos pipes are issues that you absolutely have to deal with to prevent injuries, illness, and/or major damage to the house that will cost a lot more money later on. The other things I’ve mentioned here are really just hassles that can be fixed later if you plan your budget right. However, if you notice more than one of them, take some time to think about how much a full kitchen renovation is going to cost, and see if you can get the seller to come down on the price to cover some of the cost. Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.

Before & After: Ditching Desperately Dated Design

By Joe Szabo, Scottsdale Real Estate Team So you’ve fallen for a house that has great bones, but some off-putting 20-year-old design. Not to worry — giving a home a modern update isn’t as hard as it sounds. In fact, it can feel like playing detective, in which your mission is to spot the key culprits. To get you inspired, we tapped Tharon Anderson, a New York-based interior designer with residential projects in Boston and Westchester, to reveal how she worked some serious magic on a desperately dated home in Scarsdale, NY.

Powder room

“There’s really no reason to have tile on the wall in a powder room,” Anderson says. “It’s not like there’s a lot of moisture there.” The color of the tile was also a problem. “It had a very creamy base that was sort of an off-white, which felt really dated,” she says. The over-the-sink lighting and lack of storage made what should have felt like a welcoming space look more like a rental unit. In the updated room, the bright white details of the textured wallpaper and funky mirror frame are like a breath of fresh air. And the cabinet space? Talk about functional.

But perhaps the best part of the new look is the sconces. “We had space to the sides of the vanity, so putting the sconces there makes the room feel wider,” Anderson says. It’s also more flattering. “Placing the fixtures above the mirror puts emphasis on the height of the room,” throwing shadows on the face, she says. Placing them to the left and the right of the mirror makes it seem larger. Swapping the old brass faucet for a shinier unit in copper didn’t hurt, either.

Kitchen

“I generally tell people to spend money on their kitchens and bathrooms first,” says Anderson, noting that these rooms tend to look the most dated because of appliances. They’re also where homeowners get the most resale value, so “having them updated is paramount.” While the original kitchen might appeal to some, the 30-something couple wasn’t in love with the light pine wood cabinets or homespun backsplash. The appliances, however, would stay put. Since the bones of the kitchen, including the location of the appliances and plumbing, were fine, the challenge was to fix what was left. Anderson kept the existing countertops but replaced the existing backsplash with an inexpensive, bright-white subway tile that runs all the way up behind the hood.

With exposed shelving currently in vogue, Anderson decided to knock out a few cabinets to make room for three shelves. “From a function standpoint, I’d recommend putting things on there that you use regularly, like plates and bowls,” she advises. “Anything that sits there is just going to collect dust.”

Perhaps the most noticeable difference, however, is the addition of sleek pendant lamps above the counter. These can help anchor a space, act as decoration, and offer another layer of light, Anderson says. The third is especially useful in kitchens, where “you want overhead light for tasks, under-the-cabinet light so you can see counters clearly, and suspended lighting because it gives ambient light.”

Children’s bathroom

Another room, another case of bad tile. The couple disliked the dark wood, and Anderson wasn’t sure what to make of the orange wallpaper accent. Then there were the countertops: basic and brown. “We tried several options to stick with it, and it just wasn’t worth it,” the designer says. Again, bright-white paint and thoughtfully placed sconces came to the rescue. “We added a double fixture and single ones on either side, which does a lot,” Anderson says. “It’s only one more bulb, but lowering the sconces” makes a world of difference. On the ceiling, replacing the semi-flush mount light with a flush mount light with scalloped petals adds a touch of whimsy. Then there are the little things, like choosing floor tile with just a hint of seafoam green to match the paint color on the wall, and adding a leopard-print-covered pelmet box to the window for more detail. It’s a children’s room, and this feels more fun.

Dining room

“That’s a weird light fixture to have in a dining room,” Anderson says of the ceiling light. “It’s not very special.” In addition, the blue paint was top-heavy and the honey-colored floor stain was very ’90s. Both had to go.   Dark-stained floors anchor the renovated dining room, while molding adds visual interest.   First, Anderson stained the floor a darker ebony color and installed a far more eye-catching light fixture to heighten the drama. Adding molding to the bottom half of the wall added another decorative element, while wallpaper — which is making a comeback — took it one step further. Again, bright-white paint freshened up the space. An on-trend ceiling fixture and bold wallpaper finish out the dining room makeover.  

Master bedroom

From the warm, creamy beige walls to the awkwardly placed curtain rod, this room wasn’t reaching its potential. And while the hardwood floors were nice, they weren’t appropriate for a romantic retreat. The room needed to play up its interesting architecture and create a more serene atmosphere. Soft colors and textures create a master bedroom suited to sweet dreams.   To start, Anderson ditched the warm hues, which give off a ’90s vibe. “Blue and seafoam are relaxing,” she says, unlike “reds, pinks and purples, which are more stimulating.” The designer then painted the room a calming, cool blue and chose contrasting gray and white furniture. The addition of soft wool carpet made the space more luxurious. Finally, raising the curtain rod “as high as we could” created the illusion of a much larger window — and a much higher ceiling. Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.

Open Shelving Solutions for Every Room By Joe Szabo, Scottsdale Real Estate Team

By Joe Szabo, Scottsdale Real Estate Team You’ve sought out all types of storage solutions for your home. You’ve used hooks and bookshelves, storage containers, etageres, and even the tried-and-true tension rod. Now that you’re out of storage options for your home, you’ve turned to the idea of open shelving. What took you so long? It looks fantastic in nearly every room in the house. Yes, even the kitchen. Here are some favorite ways to utilize open shelving as an elegant solution for several rooms in your home.

The kitchen

Kitchens wear this storage solution particularly well. First, remember you don’t need to use open shelving everywhere. This type of storage generally looks best when it’s complemented by cabinets and drawers. Open shelving can serve as an accent above the sink, or as panels to break up rows of mundane cabinetry. Place items you use every day on the open shelves. Storing your morning coffee mug, utensils or dinner plates on open shelving means quicker access for you during your morning rush, and an easier time for your guests to find an extra fork. Make sure to stow the things you reach for more often on the lower shelves, and decorative items toward the top. If you’re worried about dust or dirt, keep the shelving units away from dusty areas like windows or entries, and instead locate them more centrally in the kitchen.

The bathroom

Often a space where extra storage is most valuable, bathrooms are a great place to try out open shelving. Because most bathrooms are designed to be clean, sleek spaces, open shelving helps to reinforce that aesthetic while providing ample storage for your everyday products. While open shelving might not be the best storage solution for everyone (those with kids and curious pets, take heed), it’s a fantastic way to open up your bathroom and elevate the room’s style. Use small corners for square shelving to hold apothecary jars full of cotton balls, cotton swabs, and other bathroom necessities. Instead of art or another mirror, install three long shelves on the wall and place accessories like vases, greenery, pictures, or other trinkets to inspire an energetic morning or a calming bedtime wind-down ritual.

The bedroom

When you’ve run out of closet space and under-the-bed storage options, it’s time to look to the bedroom walls. Favorite ways to use open shelving in the bedroom are directly above the bed in lieu of a headboard, above a vanity or desk, and in a reading corner adjacent to a wingback chair or loveseat. If you opt for open shelving overhead instead of a headboard, make sure you install it at a comfortable height so as not to go bump in the night. Consider installing lighting right below the shelving to provide extra task lighting for late-night reading. By placing the open shelving near statement furniture, you eliminate the need for art or wall mirrors, and instead can use that space for extra storage needs. If you’re feeling adventurous, rustic wood or industrial metal shelving are stunning options.

The dining room

Think of open shelving as a modern alternative to a china cabinet. If you choose to use open shelving in your dining room, take note of a few points.

First, keep everything uniform. If you are displaying your favorite porcelain, make sure the pieces are similar sizes, shapes, and colors.

Second, don’t overcrowd the shelves. Dining rooms are a more formal space than say, the kitchen, so you don’t need to overload your shelves with many different pieces. Instead, choose a row of goods you’d like to display and stick with it. Finally, blend the shelving in with the wall. Making sure the open shelving is flush against the wall keeps the aesthetic clean and streamlined. When in doubt, opt for white shelving. Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.

Why You Should Buy Your Retirement Home Before You Retire By Joe Szabo, Scottsdale Real Estate Team

By Joe Szabo, Scottsdale Real Estate Team retirement home now can pay off big in the long term, particularly if you’re going to get a mortgage. By making your move ASAP, you’ll be able to capitalize on today’s record-low interest rates. Earlier this month, rates on 30-year fixed mortgages dropped to an average 3.41 percent — a hair above the historic low of 3.31 percent set in November 2012, according to a report by Freddie Mac. (You can thank Brexit for the dip.) There are more financial benefits to purchasing your retirement home while you’re still working full time. Here are five reasons why you should buy now rather than wait until you retire.

Easier to get approved for a mortgage

When mortgage lenders evaluate your loan application they look closely at your debt-to-income ratio (DTI) — your total monthly debt divided by your gross monthly income — which is going to be a lower, more favorable percentage while you’re fully employed. Therefore, it’s easier to qualify for a home loan while you’re still earning a steady paycheck, says Mary Erl, a certified financial planner at Nest Builder Financial Advisors in Gurnee, IL. Moreover, “by waiting until you’re retired to apply for a mortgage, you could be limiting what size loan you can qualify for,” says Todd Sheinin, a mortgage lender and chief operating officer at New America Financial in Gaithersburg, MD.

More cash flow for renovations

Unless you’re buying a newly remodeled home or building your home from scratch, you’re probably going to want to make some changes to your new property. While you can — and should — set a budget for the work you plan to do to the home, “it’s nice to have a regular income when you’re updating or modifying your home,” Erl points out. By working full-time during this period, you’re also protected financially if you uncover a major problem with the home. “I had a client who purchased a home before he retired,” recalls Joe Pitzl, a certified financial planner in Arden Hills, MN. “Shortly after he started doing renovations on the property, he found mold in the home. Suddenly the cost of doing the remodel increased significantly, but because he was still working he had an income stream to fall back on that he wouldn’t have had if he was already retired.” It’s one cautionary tale to keep in mind.

A head start on paying off your mortgage

Ideally you want to be debt-free in retirement, which is why many retirees decide to rent rather than own, says Erl. But if you choose to become a homeowner, the earlier you purchase your retirement home, the sooner you can start paying off your mortgage. Additionally, by starting to tackle your mortgage debt while you’re still actively working, you’re in a position to accelerate your payments — a move you may not be able to pull off when you’re living on a fixed budget in retirement, explains Pitzl.

Plan better for the long term

Currently, one of the biggest challenges is predicting what your living expenses will be in retirement. It’s tough, given that you don’t know how much you need to budget for housing. By buying your retirement home now, you’ll get a better picture of what your monthly expenses will be in retirement — and that means you can create a more accurate budget. “If you have a mortgage in retirement, it’s probably going to be your largest monthly expense,” says Erl. “Knowing what your [monthly] mortgage payment will be is extremely beneficial.”

Expand your portfolio

If you’re financially able to carry two mortgages at once, it may make sense to buy your retirement home now and rent it out for a few years until you’re ready to move in. Owning a rental property could also help you retire sooner, since you’re adding an extra stream of income that you can put toward your nest egg. There are also tax benefits to owning rental property. Depending on how you structure the loan, you may be able to deduct mortgage interest, property tax, operating expenses, depreciation, repairs, and other costs. (Check the IRS’ guidelines for more information.) Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.

3 Reasons to Live in a New Home Before Renovating By Joe Szabo, Scottsdale Real Estate Team

By Joe Szabo, Scottsdale Real Estate Team In today’s market, many buyers forego fixer-uppers for move-in ready homes. As a result, significant opportunities abound in prime locations as homes that need work linger on the market. In competitive markets, savvy consumers gravitate toward these homes that nobody else wants. Why? They can customize the home to their requirements, and build some equity along the way. That said, I often recommend that buyers live in a new home for a while before undertaking any major remodeling or pricey home improvements. I’m not talking about lighting or plumbing repairs necessary to make the house habitable. Rather, I’m referring to discretionary remodeling, expansions, and other improvement projects. Here are three good reasons to at least consider holding off on the big home improvement projects until you’ve had some time to settle in.

1. Living in the home can change your mind

You may have grand visions for what you’d like to do to a home, based on its condition and your priorities at the time you buy it. But until you’re actually living there, it’s difficult to know exactly how you’ll use the house, what will work for you and what won’t. Ultimately, it’s this day-to-day experience that will inform your home improvement decisions, instead of early notions of how you want your everyday experience to be.

2. After buying a home, you deserve a break

Buying a home is a massive project, an enormous change in your life, and a shock to the system — if not your finances. I’ve seen buyers jump through hoops, spending months on end looking for a home. In some situations, it becomes a part-time job. A home renovation can be yet another big and stressful project, what with all the decisions to make and contractors with whom you’ll deal. My recommendation: Take a break from the stress of buying your new home.

3. You need time to plan

Any renovation, no matter how small, should be designed with care. That means speaking to multiple architects, contractors or designers to get their take on your ideas and options — a time-consuming process. An hour with a well-qualified contractor can uncover opportunities where you least expected them. For instance, even though it may be an added cost now, moving the laundry machines from the garage to the top floor during a larger renovation may save you time and money down the road. Conversely, hiring architects and contractors while under the constraints of an escrow period is likely to cause problems for you later. Some buyers want to get the renovation ball rolling as soon as possible because they feel like they can’t live in the home under construction, and they don’t want to pay rent and a mortgage at the same time. While this may make some sense economically up front, it can still cause costly problems later. Often, buyers who said on day one that they don’t want a home that requires any work, end up buying a home that needs at least some. It’s the natural evolution of the buying process. Rarely does someone end up buying the home they started off thinking they wanted. While you should be open to doing work on a home, don’t feel stressed about getting it all done at once. Live as-is for six months to a year. Take the home for a test drive and see how it runs. You may be surprised at how your perspective, and your priorities, change once you settle in. Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.