Key Benefits of Owning a Home

The process of finding and buying a home can be difficult. First-time homebuyers are usually unaware of just how much their lives will change once they become the owners of a residential property. On average, first-time buyers are responsible for 34% of all home purchases annually. 

Before you start the process of buying a home, you need to get information about what makes a residential property a worthy investment. There is a reason why over 5 million Americans purchase a home every year and it is because owning a residential property comes with a plethora of benefits. The following are some key benefits that come with owning a home. 

A Great Investment

If one of your main goals is to build wealth, then you can’t deny the importance of owning real estate. When compared to other possessions like a car, homes are far more capable of retaining their value. Generally, a home will increase in value if it is properly maintained and located in a desirable neighborhood. There are also a number of ways you can add value to a home. 

Some of the most effective ways to increase the value of your home include:

  • Modernizing your kitchen
  • Investing in energy-efficient upgrades (i.e., new windows, better insulation, upgraded appliances)
  • Install new flooring
  • Have an in-ground pool installed
  • Professional landscaping

Not only can the upgrades mentioned above help you add value to your home, some of them can also boost curb appeals level. If you want to maximize the value offered by these projects, then allowing professionals to handle the work involved is imperative. 

The Opportunity to Acquire Equity

One of the main things you need to make your dream of owning a home a reality is a mortgage loan. Very few first-time buyers will have enough cash sitting in the bank to completely fund this purchase. With a bit of research, you should have no problem securing a low-interest mortgage loan. Every time you make a monthly payment, only a portion will go towards the principal balance on your loan. 

The term equity is used to describe how much of the principal balance has been paid on a mortgage loan. You need to view the portion of your payment that goes towards the principal as money in the bank. The more equity you acquire, the easier it will be to get large loans for things like home improvements or even investment properties. 

The Freedom Associated With Owning a Home

Not all of the benefits associated with owning a home are tied to money. Perhaps the biggest benefit of owning a home is the freedom it provides you. If you’re renting a home, you will be severely limited regarding the changes you can make to your surroundings. However, if you own the home you live in, there is no limit to the changes you can make. This means you can alter your surroundings to fit your changing tastes. 

Now that you know about the advantages of owning a home, it is time to find the right property to purchase in the Santa Clarita Valley.

Santa Clarita Lifestyle Entices New Residents

If you are considering moving to Santa Clarita, you’re not alone. The 26th largest city in California, Santa Clarita, is ranked one of the best places to live in the state and one of the safest in the nation. The city’s population of over 177,641 is growing as many people are enticed by the many advantages the area offers. 

 

Located only 30 minutes from Los Angeles, the Santa Clarita Valley is ripe with excellent public schools and booming with commerce. For many people, the city is an oasis where families and businesses thrive. From its abundance of natural spaces, bustling shopping centers, and the thrill of Six Flags Magic Mountain, Santa Clarita Valley provides new residents the amenities and sense of community that make calling Santa Clarita home a pleasure. Let’s look at what you have to look forward to when moving to Santa Clarita. 

 

Abundance Of Natural Spaces

When you arrive in Santa Clarita, you’ll be greeted by an abundance of natural fauna and wildlife thriving on the area’s many nature preserves. Preserves like Placerita Canyon, Mentryville, and Ed Davis Park offer residents and visitors to the Santa Clarita Valley to enjoy many different outdoor activities. Not only are these nature preserves beautiful places to explore, but they are also rich in the valley’s pioneer and gold rush history.

 

Outstanding Public School System

Many families move to Santa Clarita so their children can take part in one of California’s top public school systems. Most of the public schools in the Santa Clarita Valley have received the state’s distinguished honor of the blue ribbon award, but one high school is listed in the top 10 percent of high schools in the nation. In addition to their rigorous academics, Santa Clarita schools are known for their robust athletic programs that have produced many professional athletes. 

 

Shop ‘Till You Drop In Santa Clarita

With an abundance of booming businesses, you can shop ’till you drop in Santa Clarita! The city’s Valencia Town Center bursts with designer and chain stores, and it’s only growing. Residents of Santa Clarita enjoy shopping and dining at the Town Center and the mall, which has over 150 stores. Suppose you can’t find the treasure you’re looking for at these primary shopping centers. In that case, you can stroll the downtown streets of Santa Clarita and peruse the many goods sold by local merchants and crafters or attend one or more of the community’s festivals and art fairs. Santa Clarita has something in store for any shopper!

 

Find Your Home In Santa Clarita

If you are considering a move to Santa Clarita, you’ll be pleasantly surprised at the housing choices in the area. Contact a local realtor with extensive knowledge of Santa Clarita to find your home and become part of the Santa Clarita family!

 

Why Now Is The Time To Invest In Santa Clarita Rental Properties

After the last few tumultuous years, many people are looking for ways to get back on track, both personally and financially. With all of the different investments on the market, choosing the right one can be difficult. If you don’t like the risk associated with things like buying stocks or cryptocurrencies, then finding an investment that has a track record of providing solid returns is crucial. 

Many financial analysts view real estate investments as fairly safe. Nearly 88% of all housing units are currently occupied in the United. This means that American consumers are willing to spend good money to rent or buy living spaces. Read below for more information on why now is a great time to invest in rental properties in the Santa Clarita area. 

Mortgage Interest Rates Are Very Low

Few investors have the capital needed to buy a rental property with cash. If you are like most real estate investors, you will need to secure a loan from a bank to make your purchase. The great news about securing a mortgage loan in 2022 is that interest rates are still very low. Currently, the average interest rate for a 15-year fixed mortgage is around 5.2 percent. 

By locking in a lower rate for your mortgage loan, you can pay more toward the principal. This means you can pay off this loan sooner. Before choosing a lender to help with your mortgage loan needs, check their reputation and the interest rates being offered. With a bit of research, you can find a lender that fits your needs. 

Increasing Rent Prices

Before pursuing an investment, most people want to know what type of return they can expect. Over the past few years, the rent prices in the United States have increased substantially. If you buy rental properties in highly desirable areas like Santa Clarita, you can charge top-dollar for them. 

If you are new to the Santa Clarita area, you might be unsure about which neighborhoods to buy rental homes in. Working with a real estate agent who is familiar with this area is the best way to ensure the right neighborhood is selected. 

Managing Rental Properties Is Easier Than Ever

Owning rental properties can be a lot of hard work. Some people mistakenly think that all of the work involved in managing rental properties will fall squarely on their shoulders. In reality, there are a number of things you can do to make managing these properties easier. 

Hiring an experienced property management company is crucial when trying to avoid problems with your rental investments. These companies can do things like screen potential tenants, collect rent payments and handle maintenance/repair issues. With their assistance, you can keep your rental properties profitable and pristine. 

Now that you know more about the benefits of investing in rental properties, it is time to take action. With the help of the team at Marcel Cuschieri Group, you can find highly desirable rental property investments.

Simple Tips For Boosting Curb Appeal

If you plan on selling your Santa Clarita Valley home, boosting your property’s curb appeal can provide you with a positive return on your investment. How your home is viewed from the street is a critical component for potential buyers who decide to tour your home or not. Often, potential sales are lost from the road as buyers are turned off by a home’s overgrown and run-down appearance. 

 

While you may not be in the position to re landscape your home in its entirety, there are simple steps you can take that make a big difference in your home’s curb appeal. Let’s take a look at what you can do to ensure your home is inviting to potential buyers from first sight.

 

Clean Out Overgrown Bedding And Shrubs

If your landscape is overgrown, it will appear that your home is unkempt to potential buyers. More often than not, simply tending to your landscape, flowerbeds, and shrubs will make a significant difference in the appearance of your yard. 

 

Trim back bushes and trees, weed flowerbeds, remove dead and dying plants, and keep lawns mowed to ensure your home is seen in its best light. Opting for a low maintenance landscape is also an option; consider using plants indigenous to the Santa Clarita Valley region for a beautiful and hassle-free yard. 

 

Focus On Your Property’s Strengths

When boosting your home’s curb appeal on a budget, focus your efforts on your property’s strengths. Maintaining a neat yard goes a long way to catch the eyes of potential buyers who don’t want to purchase a home that needs a lot of work. Choose areas to highlight that draw potential buyers into your property to enhance your outdoor spaces. 

 

For instance, if you have unique trees or other natural elements on your property, consider highlighting them plantings to draw the eye to these areas. Or, designate outdoor entertainment areas by placing tables, chairs, and even a fire pit in the space to create an inviting atmosphere. 

 

Light Up Your Property

Outdoor lighting is essential to your home’s security, safety, and curb appeal. Not only do lights need to be placed by driveways, sidewalks, stairs, and entrances to your home for safety and security reasons, but also to create ambiance once the sun goes down. 

 

Uplighting trees, architectural elements, and outdoor entertainment areas will create a warm and welcoming feel to your property. Repair and replace any existing exterior lighting fixtures to ensure they work properly, and upgrade older fixtures to motion-sensing devices for a more modern feel. 

 

Final Thoughts

Your home’s curb appeal is essential to how potential buyers view your property. These strategic and straightforward tips will help your home sell more quickly.

Follow These Tips To Finding Your Perfect Neighborhood

Many things such as your budget and square footage must be considered when deciding which new home to purchase. However, choosing the right neighborhood may be one of the most critical parts of a successful house hunt. Even if you may have a general idea of neighborhoods you like, it can be challenging to narrow down your decision on where to buy a house. 

Local communities tend to fluctuate in costs and amenities from neighborhood to neighborhood, impacting property and way of life. While you can change certain aspects of a house to fit your needs, its location is permanent. To help you find the perfect neighborhood to buy your next home, let’s take a look at some tips from the area’s real estate pros. 

 

Consider The Market And Your Budget 

The housing market significantly impacts your budget for purchasing a home plan to buy a house. To determine whether or not a neighborhood works within your budget, focus on the Market Action Index and the Median List Price. 

A buyer’s market is reflected in a Market Action Index of less than 30, while a more competitive market can be shown in an index above 30. By understanding the market when you plan to buy a house, you can determine what neighborhoods fit your budget. For example, in a buyer’s market, you may be able to consider homes in areas that otherwise may be out of your price range. 

 

Keep An Eye Out For Red Flags

When you buy a house, you are investing in the neighborhood in which it is located. One way to know if a community is right for you is to spend some time in its various areas and assess what you see. As you drive or walk around these areas, look for red flags such as anything that may negatively affect the property value of the home you wish to purchase. 

Red flags in neighborhoods can be their proximity to harmful industry to dilapidated neighboring residences. Also, research the area’s number of foreclosures and property values over the last few years; these factors may also be red flags that indicate your investment in the property may not be wise. 

 

Lifestyle And Quality Of Living

All neighborhoods boast unique qualities that impact those living within them. Some areas are laid back and removed from the hustle, while others may be pedestrian-friendly and full of amenities. Consider neighborhoods that fit your lifestyle and add to your quality of living. 

To determine what qualities you need most in a neighborhood, create a neighborhood wish list that lists your priorities. Your realtor will help you better choose communities to consider by understanding what is most important in a neighborhood to you. 

 

Tips for Buying When Housing Inventory Is Low

If you are a savvy buyer, you take all the necessary steps to prepare for buying a home. Now that you are prepared, it’s time to begin the house hunt. 

This is supposed to be the fun part, right?

Do you know what you will do if you discover there aren’t many options? If you find few or no options for sale within your price range, it’s easy to get frustrated. While that’s true, don’t give up just yet. Use some of the tips here to help you find your perfect home, even with a low housing inventory. 

Offer a Higher Price

This is the basic principle of supply and demand. Prices go up when inventory is low, and demand is high. Consider offering your final and best offer upfront. While offering a higher price when buying a home can be tricky, it may be worth it in this situation. Just make sure you can afford what you offer, which is going to increase the mortgage payment. 

You also need to be able to make up the difference in cash if the house happens to appraise under what you offer. Usually, lenders will not approve mortgages higher than the appraised value. 

Act Fast but Stay Patient 

Getting the home you want in a competitive market usually involves a lot of “hurry up and wait.” Make sure you are ready, at any point, to make an offer on something newly listed. While you may need to be ready to pounce on a house when it first comes available, sometimes the deal just isn’t right for you. You may also find that your offer is not accepted. Stay patient, and the right home will come along. 

Stay Flexible on Closing Dates

Besides acting quick with an offer, you may have to close quickly, too. For example, the seller may need to close quickly because of a divorce or job relocation. Your offer may also have more weight if you can get to the closing faster. 

You may wonder how to speed this entire process up. One way to do this is by shortening your inspection time frame. Ten days is plenty for a home and termite inspection if you have an inspector ready to go. 

Also, if you are preapproved, you can close as quickly as a non-cash buyer. That’s because the mortgage lender will have everything ready to go to help you get your mortgage and move things along. 

Making the Most of Low Housing Inventory

If you are in an area where housing inventory is low, it’s a good idea to make sure you are ready to act if an opportunity arises. While it can be frustrating at times, you can easily get the home you want for an affordable price with the right real estate agent. 

Being informed is half the battle, so make sure that you stay updated on what is going on in the local market to ensure you can act when needed to purchase a house.

Uniquely Valued Properties In Santa Clarita, Ca

In some real estate markets, it’s really important to choose the right guide. The agents who assist you in picking out your dream home matter, because the markets themselves are more complex and sophisticated in these high-end areas.

Santa Clarita, California is one of those neighborhoods. This is not a place where builders rush in and plunk down dozens of identical cookie-cutter homes, either duplexes or standalone single-family dwellings. There are many creatively unique properties in these neighborhoods and navigating this market, buyers benefit from specialized and skilled agent assistance. Here, getting the right property is especially important, for a number of reasons. 

Creating CMAs

One of the jobs of an agent is to create a comparable market analysis for a property that’s under consideration. The CMA helps to compare that property to other properties to make sure that pricing is set correctly.

That’s more difficult, though, when the property is really uniquely valued. It becomes more challenging to really pin down the CMA value, partly because there is less to immediately compare it to, and partly because of the subjective value of real estate.

Knowing You’re Home

A good agent will expose the buyer to a range of properties in the local area, so that the buyer can start to get a feel for what they’re seeing, and what they’re looking for.

You may have heard the expression “one person’s junk is another person’s treasure” and that idea is somewhat applicable in real estate, too, although it’s understandably quite different in some ways. The bottom line is that not everyone agrees on property values and on comparisons. Different people are looking for different things. What you find and what you buy depends on what you wanted in the first place. As a starting point, people often evaluate numbers of bedrooms and bathrooms, but then, what about a pool and hot tub? What would you personally value that at? And what about a nice even grade for the land around a home? Those are just some basic examples. 

Top-Class Agents

Marcel Cuschieri Group represents one of the top real estate companies operating in Santa Clarita, California. We know this local market very well, and have a lot of experience with local properties. Let us guide you through the neighborhoods around Sant Clarita, thoroughly, and with attention to detail, because we are dedicated to helping you find that perfect property. 

 

 

Oldtown Newhall Boasts A Vibrant Community

Oldtown Newhall Boasts A Vibrant Community

Newhall, California, is quickly becoming a highly sought-after place to live. This hidden gem of a town hits all the marks when it comes to opportunities for work-life balance in a vibrant community. If you are considering a move to the beautiful community of Newhall, there is a lot to see and experience. Whether you are looking for family-friendly entertainment, upscale restaurants, or peaceful time alone, Newhall offers something for everyone.

Shops With Something For Everyone

Shopping experiences in Newhall are diverse; from handcrafted goods to the latest fashions, Main Street offers a one-of-a-kind shopping experience. Old Town Newhall has been revitalized and is bustling with shoppers who enjoy the many options of locally owned boutiques and niche shops. You’ll find something new every time you stroll through Newtown, and the surrounding areas offer the convenience of all the major retail options as well.

Local Fare

There is no shortage of delicious food in Oldtown Newhall. Boasting some of Los Angeles County’s finest fare, Newhall eateries offer dining experiences to suit every taste. Many residents of Newhall enjoy evening strolls to dinner with friends, and the community boasts local events throughout the year that offer a taste of the region.

With the perfect balance of family establishments and fine dining, your taste buds will be overwhelmed by the snacks, meals, desserts, and curated fine dining opportunities.

Environment Perfect For Entertainment

With popular venues like Canyon Theatre Guild and The MAIN, you will find unrivaled entertainment options year-round in Newhall. Thursdays@Newhall series is one of the community’s beloved long-running events that gathers all ages in town for arts and musical performances. Whether you are hoping to get involved with the arts or simply love to join in the fun, Newhall has just the ticket for you.

Life With A Historical Backdrop

Old Town Newhall is Santa Clarita’s oldest neighborhood and is steeped in history. Experience the Western Walk of Stars, the Heritage Junction, the William S. Hart Museum, and much more to discover why this area has been considered a gem for quite some time.

Housing That Fits Your Lifestyle

Newhall offers a wide array of homes that are perfect for all types of lifestyles and families. Professional realtors specializing in Newhall’s extensive real estate market can help you find exactly the home that fits your needs. Quiet streets for walking your dog, neighborhoods designed to inspire cook-outs, and a thriving community all await you in Newhall.

Real Estate In Hollywood And Beyond

What does it mean to work in one of the nation’s hottest real estate markets?

 

From the Hollywood sign, out in all directions, Southern California property in this area  is part of a hot market. It’s at a premium, and these neighborhoods are uniquely desirable, not just for people working in television, but for all sorts of buyers as this urban area continues to thrive and grow.

 

Here’s some of what we bring to the table in terms of facilitating excellent real estate deals all around Hollywood, Burbank and surrounding areas. 

 

The Power of Analytics

 

Real estate agents need to be good with numbers. They may not need to understand things like derivatives the way that Wall Street types do, but they need a good deal of professional acumen with property values and all of the surrounding math that goes on around a real estate deal.

 

Understanding that math to the point of offering shorthand to customers is one of the biggest services that a real estate agent can do in today’s market. These are complicated deals that take a lot of quantitative work and various touch points to complete, so having a knowledgeable realtor is a must.

 

Neighborhood Knowledge

 

We often say that without detailed neighborhood knowledge, a real estate agent is really just playing blind man’s bluff.

 

Another way to say that, though, is that the neighborhood knowledge and intimate understanding of the local real estate market is a much-needed skill set that promotes the confidence and capability that you need in the local real estate agent. This is not a generic market, and you don’t benefit from having a generic real estate approach here.

 

Dealing with People

 

The best real estate agents and many of their clients understand that at the heart of it, real estate is about dealing with people. If you’re not a mover and shaker with good people skills, you tend to lose out among the crowd, and deals are not as smooth as they could have been. That’s why the best agents make it their business to work well with all sorts of people to make deals happen.

 

Availability and Accuracy

 

Here’s a bonus set of skills that real estate agents really make use of in this industry. One is availability – making sure that you’re on hand when your clients need you, day and night, in order to make things happen on the way to the settlement table. Another is accuracy – communicating the right information, so as not to confuse the seller or the buyer, or anyone else who’s in the middle of one of these deals.

 

For more, check out our website. We serve sellers and buyers around these neighborhoods with the best local approach and knowledge of the market. Make us your agent for a successful deal on a dream property. 

 

 

What’s a Bloomburb? Growth in Santa Clarita

Have you ever heard of a “bloomburb?” What does this mean?

 

All you have to do to understand this new real estate term is look at the thriving little town of Santa Clarita, 30 miles west of downtown Los Angeles.

 

With around 200,000 people, Santa Clarita is not one of Los Angeles’ bigger communities, but is one that is growing quickly. As a top destination in the LA metro area, Santa Clarita is seeing its homes scooped up on the market, and getting a lot of interest from folks moving into the area, as well as current residents. 

 

Traditional Santa Clarita Landmarks

 

In Santa Clarita, you have Six Flags and the College of the Canyons. You have local businesses that everybody knows by name, and nice quiet residential streets where people keep up properties well. Then you also have a boom in new business, and demand for local housing that is putting Santa Clarita on the map (in bigger font.)

 

Santa Clarita is well served by Highway five. It’s easy to travel north to Castaic, or down to the San Fernando Valley. In fact, many people see Santa Clarita as a little haven nestled above San Fernando, where the Valley has already transformed into a grid of solid suburbia. If you live in Chatsworth or Van Nuys or Reseda (or any of those endless suburbs tied together by the valley’s gridwork), you might be thinking about getting away to a nice little spot like Santa Clarita. 

 

Yes, Santa Clarita is booming, and that’s why people call it a “bloomburb.”

 

A “bloomburb” is a suburb that’s experiencing rapid growth and expansion. Typically it gets harder to find plots of land to develop in the local area. These communities are hot real estate markets!

 

New Development in Santa Clarita

 

You can see all of this new development in Santa Clarita if you look on Zillow, or just cruise local streets. There are houses spring up down Tujunga way and in Santa Clarita proper.

 

Many of these new properties are really attractive to new buyers. They’re built with all of the amenities of home, and designed to fit into the traditional village look of Santa Clarita neighborhoods.

 

If you’re looking for a condo in Santa Clarita talk to the Marcel Cuschieri team. This experienced real estate agent group has served this area for years, and knows the ins and outs of Santa Cruz neighborhoods exceptionally well. We can help you to get in the door in this fascinating bloomburb!