Unique Tahoe Keys Property With 2 Boat Slips

Speed Boat
Image by Dshalock® the Libertarian Emperor of America via Flickr

I have a unique Tahoe Keys duplex condo for sale.  It is in the middle of a remodel so it would have to be a cash offer- although the seller is open to any creative solution.  It has a 2 bedroom 1.5 bath unit that is currently rented and a studio with full bath and kitchen.  The studio is in the remodel stage.  The owner has the new kitchen cabinets, stove/oven, 40k BTU gas fireplace, and dishwasher uninstalled on site.  He is tired of the project and just wants out.  Not in the MLS yet-

It has one garage space, outside parking, keys amenities (pools, hot tubs, tennis courts, boat launching, private beach), a nice mountain and marina view, and 2 boat slips…… A legal duplex with one APN number….

Offered in the very low $300’s

When you finished with this project you could flip for a nice profit or keep it and rent one unit and keep one for yourself.

Call or email  me for more information.

Joel Dameral
530-545-8827
info@JoelDameral.com

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2022 Winter Games in Tahoe???

United States Olympic Committee logo
Image via Wikipedia

The Lake Tahoe basin remains a potential host for the 2022 Winter Olympics.

While local organizations have spearheaded efforts to bring the games to Lake Tahoe in recent years, there is reason for renewed optimism, according to Lt. Governor Brian Krolicki, chairman of Reno Tahoe Winter Games Coalition (RTWGC), a nonprofit organization dedicated to having Reno/Tahoe selected as the next North American region to host an Olympic Winter Games.

“The latest comments from the USOC are an absolute shot in the arm for the Lake Tahoe region’s latest bid to host the games,” he said. “This will allow us the necessary momentum to create a network and a partnership between Nevada and California that can focus on putting a package in place that makes it compelling for the USOC.”

A shakeup in the United States Olympic Committee leadership has led to a reprioritization of how the committee will approach the bidding process.

USOC Chairman Larry Probst and newly appointed Chief Executive Officer Scott Blackmun indicated they may want to pursue a 2022 Winter Games bid.

“Nothing’s off the table at this point,” chairman Larry Probst said during an interview at Associated Press headquarters Tuesday, when asked about a possible 2022 bid.

In the past, the USOC has focused on bringing the Summer Games to a bid city, as the games are typically viewed as a stronger economic engine for the host city.

However, in wake of Chicago’s last place finish in the bidding process for the 2016 Summer Games, the USOC indicated that bringing the Winter Games to the United States could be a positive step in repairing their relationship with the International Olympic Committee.

“The idea is to face in the right direction and start walking,” Blackmun said, “and we’ll know when we get there.”

According to reports from the Associated Press, the two strongest candidates to host the 2022 Winter Games are Denver and Reno-Tahoe.

“We’re really supportive of the USOC and the Olympic movement,” KieAnn Brownell, president of the Denver Sports Commission, told the Associated Press. “We have aspirations from the standpoint of wanting to host international events of all types. We’re going to follow the USOC’s lead and see where that goes.”

Local Impact

Bringing the 2022 Winter Games to Lake Tahoe would give the region an opportunity to dramatically improve its infrastructure, said Tahoe Regional Planning Agency Spokesman Dennis Oliver.

“Lake Tahoe could be the first Olympic site to deliver a Green Olympics with an underlying theme of sustainability,” he said.

Oliver said preparations for hosting the games should include installing a public transportation system capable of serving residents long after the event has concluded.

Oliver also envisions the creation of new more energy efficient hotel accommodations, athletic facilities with minimal impact on the local environment, and a system of feeding the athletes with locally grown agricultural products.

“It would be an event with an underlying theme of carbon neutral and I know a lot of local leaders would be interested in pulling it off,” Oliver said.

Krolicki agreed.

“The 2022 Winter Games would be a spectacle and a delight for several weeks,” he said. “But the improvements made to the infrastructure of the Lake Tahoe Basin in lead-up to the games would benefit residents for decades.”

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Free Radon Test Kits To El Dorado County Residents

Seal of El Dorado County, California
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Residents of El Dorado County can receive a free radon test kit until supplies run out.

The Tahoe Division of the El Dorado County Environmental Management Department has several hundred test kits available, said Virginia Huber, Tahoe Division Manager.

The kits can be picked up from 8 a.m. to noon and from 1 to 5 p.m. weekdays at 3368 Lake Tahoe Blvd. Suite 303.

“We recommend everyone in the South Lake Tahoe area test their home for radon,” Huber said.

Radon is an odorless, colorless, radioactive case that arises from the decay of naturally occurring uranium and thorium in soil. The gas is linked to 21,000 lung cancer deaths a year, second only to cigarette smoking, according to the EPA.

A report from the California Geological Survey in June 2009 estimated that 23,400 people in the Lake Tahoe area live in buildings where radon is likely to equal or exceed the U.S. Environmental Protection Agency’s recommended action level of 4 picocuries per liter.

The report was based on geological data, as well as results from a survey of 443 homes in South Lake Tahoe between 2006 and 2007.

According to the survey, about 40 percent of homes in the Lake Tahoe area are at or above the EPA’s recommended action level, while approximately 55 percent of homes in the El Dorado County portion of the basin who participated in the survey are at or above the recommended action level.

Winter is a good time to test a home for radon, Huber said.

“It’s the best time to test because your house is closed up,” she said.

For more information call (530) 573-3450.

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Why a Tax Credit???

Healthy Homes

U.S.

RISMEDIA, November 30, 2009—Consumers are more conscientious about healthy living than ever before and this awareness is making its way to the homebuilding industry, particularly in the custom home market, says Michael Lenahen who owns Ponte Vedra, Fla.-based Aurora Custom Homes.

“As more consumers begin to realize how much their home affects every aspect of their health, they are beginning to see the importance of improving its environmental quality with products to benefit their health and that of their family,” Lenahen said. “The new emphasis toward healthy living focuses around four main categories – air, water, odor/fumes and lighting.”

According to the U.S. Green Building Council, pollutants are often two to five times higher indoors than outdoors and this can significantly affect air in the home causing breathing problems and respiratory diseases. When it comes to the quality of the air, Lenahen said several products are available on the market that homeowners should incorporate into their home such as:

-Advanced allergy filters to control dust particles and pollutants
-Dehumidification devices to manage the humidity in the home
-Variable speed air handlers to maintain the circulation of air throughout the home and ventilation fans to introduce fresh air into the home while removing stale, humid air

Improving the water quality in a home is just as important as the air quality, Lenahen said. Several products are available to improve the quality and efficiency of a home’s water flow and usage, including:

-Carbon filter and reverse osmosis units to purify drinking water by removing particulate matter and harmful minerals
-Whole-house water softeners to remove calcium and other harmful minerals while providing added benefit to the home’s appliances and pluming fixtures. Water softeners also improve skin tone and texture by removing calcium, magnesium and iron from the water.
-Underground cisterns to collect rainwater from the gutter and downspouts to use for irrigating the lawn and landscapeHealthy home living is also improved by the use of low Volatile Organic Compound (VOC) materials, which emit lower levels of gasses into the home from everyday materials such as paints, sealants, cabinets and flooring materials. Lenahen said homeowners should use the lowest emitting VOC products for custom homebuilding and remodeling projects, thereby reducing the negative health impact the products may have on the occupants. Low VOC products will have labeling to help homeowners find the healthiest option.

Better lighting solutions can also foster healthier living. Traditional light fixtures typically include high wattage bulbs, which waste electricity while adding excessive heat into the home. Suggested improvements include:

-Decorative light fixtures with less wattage requirements and soft-light emitting globes
-Compact florescent light (CFL) bulbs or L.E.D. fixtures and bulbs for longer life usage
-Next generation skylights, such as Velux Sun Tunnel or Solatube, that bring natural light into the home, reducing the need for artificial light and energy consumption

“These are just some of the many changes that can be made to current homes or built into new homes that will greatly improve the quality of life and health of its occupants,” Lenahen said. “The more consumers become aware of the positive affects of healthy living within the home, the more products will enter the mainstream of standard building practices.”

 

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Mortgages to Help Make Your Home Energy Efficient

The Energy Star logo is placed on energy-effic...
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These Mortgages Are Efficient

If you’ve been putting off making energy-efficient upgrades to your home because you are worried about the cost and think you can’t afford them, now is the time to stop procrastinating and take advantage of the energy-efficient mortgage (EEM) program and a new tax credit for upgrades.

What Is an EEM?

>> An EEM helps home buyers or homeowners save money on utility bills by enabling them to finance the cost of adding energyefficiency features to new or existing homes as part of their Federal Housing Administration (FHA)-insured home purchase or refinancing mortgage.

EEMs are one of the most beneficial and under-utilized programs that a homeowner can capitalize on in today’s market. Although they have been around since the ’80s, their use receded when subprime loans took the stage, explains Jana Maddux, program manager for California Home Energy Efficiency Rating Services (CHEERS ® ). “This is the best kept industry secret.”

Why Now?

>> Recent developments make this the best time for homeowners to give serious thought to making the upgrades that will lower utility bills while increasing the value of the home. Earlier, the maximum amount the FHA allowed for upgrades was $8,000. That stipulation was recently modified, so now the maximum amount of the portion of the EEM for energy improvements is to be the lesser of 5 percent of the value of the property or:

115 percent of the median area price of a single family dwelling; or  150 percent of the conforming Freddie Mac limit.

Also, under the stimulus plan, upgrades are eligible for a tax credit of 30 percent of qualifying costs up to $1,500, but this is only through 2010.

Who Offers It and How Can You Qualify?

>> EEMs are sponsored by federally insured mortgage programs (FHA and Veterans Affairs) and the conventional secondary mortgage market (Fannie Mae and Freddie Mac). Lenders can offer conventional EEMs, FHA EEMs, or VA EEMs. For instance, anyone eligible for the FHA section 203(b) mortgage insurance can apply for an EEM, once the cost of improvements and estimated savings are determined by a home energy-rating system consultant.

The first step is to have a CHEERS® rater or another approved energy rater complete an analysis of your home and obtain a report, which you then submit to the lender. The main criterion is that your savings after upgrades should exceed their cost.

“The CHEERS® report will show the existing condition of the house after conducting several tests, all of which determine how much air leakage there is and the estimated savings and future utility bills after improvements are made,” Maddux says. Raters are independent, and some may also be able to coordinate the entire upgrade process for you, for a fee.

Which Upgrades Qualify?

>> Insulation, new furnaces, air-conditioning and heating units, dual-pane windows, duct system and air leakage repairs, water heaters, and lighting.

More Info:

ENERGY STAR: www.energystar.gov/

To find out more about the FHA requirements and search for EEMs: http://portal.hud.gov/.

For an FHA lender list: www.hud.gov/ll/code/llslcrit.cfm.

Padma Nagappan is a freelance real estate writer.

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Projects To Complete Before Snow Flies (it will fly!!)

PineStreet
Image by Casey Hamilton via Flickr

I started making a list of things to do before the snow flies and I thought I would share it with you…  Please feel free to add anything you wish in the comments.

  1. Tune the furnace and replace filters.
  2. Clean fireplace and chimney.
  3. Roof repairs that you have been putting off (like me).
  4. Clean all the pine needles and leaves out of the gutters
  5. Check heat tape.
  6. Turn off sprinkler system.
  7. Put hoses away (the snowblower loves to eat them).
  8. Close the underhouse vents (after I get the squirrel out).
  9. Winterize the lawn and garden.
  10. Prepare for snow removal.  Ideally hire someone for this but at the very least have fresh gas for the snowblower and shovels handy.
  11. Plan for the holiday light decorations (I try to put them up before it snows).

Hope this list helps you get thinking about all you need to do before we strap on the skis and boards (or chains).

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Foreclosure or Not???

Buying a home can be a dauniting task that has both risks and rewards.  The following is a shortened version of an article that first appeared in October on RISMedia.  I think that is offers some usefull information for those people who have their sights set on the “foreclosure”.

lead 10 05 foreclosureBuying a foreclosure often is appealing to buyers trying to stretch their dollars. It’s finding a good one can that can be a challenge.  Finding the bad one is easy.

The vast majority of the banks don’t want us to advertise them as ‘bank-owned’ because it comes with a negative connotation.   This means no sign on the front lawn indicating the home is anything other than a traditional sale. A buyer probably won’t find a property advertised as a foreclosure on marketing materials.

Plus, in some markets, including Las Vegas, foreclosure inventory is actually down compared with last year as government programs attempt to keep owners in their homes and banks aren’t putting as many homes on the market.   This is making it harder for buyers to purchace a foreclosure, and those paying with cash often win a bid over someone who needs financing.

If you’re considering the purchase of a home that is now owned by a bank, it’s also important to know at the outset just how much work you’re in for — and how much it is going to cost you. Many foreclosures are in various states of disrepair; some of the fixes are cosmetic, but some can be extensive.

Those looking for the best deal probably shouldn’t rule out non-foreclosure properties.

 

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How much to fix my house?

The White House renovation
Image via Wikipedia

 

Many people have asked me recently how much money they should spend on fixing up their house to sell in the current market. My answer is always the same no matter what the market. 
 
Get a qualified real estate professional to come and look at your property. That person will be able to show you other houses, which are comparable to yours both in size and condition, in your area. In your discussions with the real estate pro you may indeed decide that you need to remodel the kitchen, or possibly just some cosmetic fixes (painting, window coverings, or just de-cluttering) are all that you need to maximize your bottom line when selling your property. 
 
It is best to look at all angles of the financial investment of remodeling say a kitchen or bathroom that may not significantly increase your bottom line. Once again consult a real estate professional before making a move.
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