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How to Decide to Pay Off Your Home in Albuquerque or Invest

by Sandi Pressley

Looking for something to do with extra cash? If you own a home in Albuquerque, you could pay off your mortgage. Or you could invest your money in something else. Which option is better?

There's been no shortage of debate on this matter, with great arguments on either side. But in the end, it's a decision that will have a huge impact on your finances.

Which way should you go?

You need to consider these variables:

  • Your home’s current market value
  • Your mortgage interest rate
  • Home appreciation in your area
  • Your income tax rate
  • Expectations for inflation
  • An assumed rate of investment return

certified financial planner named Justin Goodbread analyzed these variables by sung national averages in order to compare various scenarios between investing and paying off a mortgage.

As it turned out, the math favored investing. But the math isn’t the only thing you should consider. It also depends on your own situation. Goodbread offered two rules of thumb to decide:

You should pay off your mortgage early if you’re a conservative investor, in a low tax bracket with a high mortgage interest rate.

And you should invest if you’re a more aggressive investor, in a high tax bracket with a low, 30-year, fixed mortgage interest rate, and if you’re younger than 50.

What are some reasons to keep your mortgage?

  • Maintaining liquidity.  Paying off a mortgage will leave you without a cash cushion in an emergency.
  • Your home’s value isn’t affected by a mortgage.  The value of your home will increase over time. But this will not affect how much you owe on your mortgage.
  • Mortgage interest is inexpensive. Your mortgage is secured by your home’s value, and this keeps interest rates much cheaper than credit cards and personal loans. Even better, the interest is tax deductible.

Of course, in the end, the choice of investing vs paying off your mortgage is one you should make carefully.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

17 Juniper Hill Loop NE, Albuquerque, NM 87122  $579,000

3 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2770 Square Feet

Heaven in Sandia Heights! Views! Serene, light filled sanctuary, within this spectacular custom built home by Kjell Slaan. This spacious home has soaring ceilings, light filled rooms, walls of windows with magnificent Mountain and city views. Pride of Ownership. Two living areas w/Fireplaces. Nice sized kitchen with breakfast nook, ample cabinet space, island w/cooktop, flows into dining room. Three generous bedrooms. More views from Master suite. Wonderful outdoor entertaining spaces. Membrane roof/2015. Septic ASU advance treatment/2006. Newer Windows. One owner GEM. Nature brings serenity to this home with the Vibrant New Mexico sky. Discover the wildlife such as deer, rabbits, eagles, hummingbirds, & squirrels. Close to shopping, restaurants, trails, mountain biking, tram, I25.
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Heaven in Sandia Heights! Views! Serene, light filled sanctuary, within this spectacular custom built home by Kjell Slaan. This spacious home has soaring ceilings, light filled rooms, walls of windows with magnificent Mountain and city views. Pride of Ownership. Two living areas w/Fireplaces. Nice sized kitchen with breakfast nook, ample cabinet space, island w/cooktop, flows into dining room. Three generous bedrooms. More views from Master suite. Wonderful outdoor entertaining spaces. Membrane roof/2015. Septic ASU advance treatment/2006. Newer Windows. One owner GEM. Nature brings serenity to this home with the Vibrant New Mexico sky. Discover the wildlife such as deer, rabbits, eagles, hummingbirds, & squirrels. Close to shopping, restaurants, trails, mountain biking, tram, I25.

 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Treat Father to a Special Day In Albuquerque

by Sandi Pressley

It's time to show dear old dad how much you appreciate him this weeken in Albuquerque! Albuquerque is brimming with fun thinds to do with dad, so there's something for every taste. Here's a few ideas to make sure this will be a Father's Day to remember.

Cliff’s Amusement Park Father’s Day Weekend
June 15 & 16, all day

Dads receive a free All Day Ride Pass. To receive a Free Dad’s All-Day Ride Pass, a Regular or Child All-Day Ride Pass must be purchased.

Father’s Day Parade & Show
June 16, 9-11 a.m.
The Corrales Growers’ Market

Free

Zoo Music: Arrested Development
June 14, 7-9 p.m., Gates open at 6 p.m.
ABQ BioPark Zoo

Adults $12, Children 3-12 $6, Children 2 & under Free

Father’s Day in Old Town
June 16, 1-5 p.m.

Enjoy music, food trucks, and Old Town shops and restaurants. 1-2:30 p.m. Todd Tijerina Band: Blues. 3-5 p.m. Luna Llena: Cuban Son

2nd Annual New Mexico Music Festival
June 16, 2-8 p.m.
The Downs at Albuquerque

Kids under 12 are free, 12-17 are $5, and adult tickets are $10

Albuquerque Isotopes v. New Orleans Baby Cakes
June 15, 6:35 p.m.

After game fireworks, weather permitting

Seasons of Growth Gardening Series: Honoring Fathers Garden Walk
June 16, 9-11 a.m.

Indian Pueblo Cultural Center. This day will honor our fathers with a small brunch, and a focus on the farming and weaving duties of Pueblo men. $5 suggested donation.

Taco Bar Crawl

June 15, 2-8 p.m.

5+ venues. Tickets range from $20-$35. 21+ event

Duke City Pedaler: Sunday Brunch Ride Father’s Day Edition
June 16, 12-2:30 p.m.

Start the ride at Albuquerque Tourism & Sightseeing Factory. Then ride to Hollow Spirits for brunch and later visit the Railyard Markets. $21 admission

Music at the Winery
June 16, 1-6 p.m.
Pasando Tiempo Winery, Corrales

Wine, Beer, BBQ Food Truck, & Music. Family Friendly, including dogs on leash. Free event. Wine tasting $5 per person.

Have a Happy Father's Day in Albuquerque!

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

1619 Camino De La Sierra NE, Albuquerque, NM 87112  $550,000

3 Bedrooms / 4 Bathrooms (3 full, 1 half) / 3415 Square Feet

Wonderful one owner custom home by Carlson Builders. Located in S foothills on approx acre of beautifully landscaped property with amazing view. This home has Hurd windows, custom cabinetry through out, GE Monogram/Jenn Air appliances, butcher block island, custom pantry, 3 cars plus carport, cedar closet, gun room, hidden closet. Even a detached workshop/studio. A 25'x39' great room for all occasions . Plantation shutters, two master suites. This home was built to stay, with post stressed concrete slab and a Garden room, and so much more. Minutes to hiking, biking, freeway and shopping.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Avoid These Moving Mistakes When You Buy a Home in Albuqueruqe

by Sandi Pressley

Whether you're moving to or from Albuquerque, it can be a very stressful and exhausting time, even if all goes as planned. And since things rarely go perfectly when you move, that stress can go through the roof. Even though you can't expect everything to go as planned, there are mistakes that can be avoided that will make it worse.

Try to avoid making these following mistakes during your move:

Not Planning

Planning for your move is realy key to avoiding stress. The moment you know you're moving, start planning. The more time to plan, the better. When it comes time to move, then you should be ready for the unexpected. If you fail to plan, this can lead to disaster. Sure, there are times when you have to move suddenly. But in most cases, you should have enough time to plan.

Moving Everything

You don't have to take verything you own to your new home. Most people accumulate items they don't need over time. So take this opportunity to declutter and get rid of extra things you won't need in your new home.

Separate those items into donations, items to sell, items to recycle or dispose of, and items to move. Then when moving day comes, you'll have less to deal with and more room on the moving truck.

Spending Money on Packing Material

If you're trying to save money, there's no good reason to spend a ton of money on packing materials that will only be used once and then disposed of. If you need boxes, check with local stores to see if they have any that haven't been broken down. If you can find newspapers laying around, that makes for great padding. You may still need to buy some materials, but you won't need as much.

Not Making a Moving Survival Kit

If you're moving a long distance, it's a good idea to put together a survival kit with a change of clothes, toilet paper, snacks, medication, water, and other essentials you may need.

Not Keeping Track of Expenses

You can write off your move from your taxes, so make sure you save receipts, bills of lading, and estimates to use on your tax return next year to deduct your moving expenses.

Keep these tips in mind, and hopefully you can relieve some stress during your next move.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

1619 Camino De La Sierra NE, Albuquerque, NM 87112  $550,000

3 Bedrooms / 4 Bathrooms (3 full, 1 half) / 3415 Square Feet

Wonderful one owner custom home by Carlson Builders. Located in S foothills on approx acre of beautifully landscaped property with amazing view. This home has Hurd windows, custom cabinetry through out, GE Monogram/Jenn Air appliances, butcher block island, custom pantry, 3 cars plus carport, cedar closet, gun room, hidden closet. Even a detached workshop/studio. A 25'x39' great room for all occasions . Plantation shutters, two master suites. This home was built to stay, with post stressed concrete slab and a Garden room, and so much more. Minutes to hiking, biking, freeway and shopping.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

When you buy or sell a home in Albuquerque, the home inspection is a critical part of the process. A home inspection benefits all parties involved in the transaction, as it reveals what the condition of the home is and what needs work.

How can you get the most from your home inspection?  Here’s the steps of the process and how you can maximize the results.

Why Have Your Home Inspected?

If you’re selling a home in Albuquerque, the home inspection gives you the opportunity to make needed repairs, and as such, list your home for a higher value. Your home will also sell faster with fewer issues. Most people in Albuquerque want to buy a turn-key home rather than a fixer-upper.

Make sure you do your research when you hire a home inspector. The internet is a powerful way to look at reviews and work history. If you find a home inspector with a good track record, but they cost more, it’s worth it.

During the Home Inspection

Make sure you’re there during the inspection. This way, the inspector can show you the issues in person and explain options for repair. You can also ask questions and take photos. This will also help you learn about what to look for when you buy a home in Albuquerque.

Recheck and Take Notes

After your home is inspected, go back over the issues for a closer look. Whether you’re buying or selling a home, this will help with negotiations. Then you can increase or lower the asking price depending on the repairs needed.

Discuss and Negotiate Repairs

For home sellers, you can either do the repairs before the home is listed and ask for a higher price, or you can skip the repairs and lower the price. It all depends on how much time you have to put into it.

If you’re the buyer, you can ask for an asking price deduction that is equal to the estimated cost of repairs if you’re buying the home as-is. Another option is to suggest that the current owner get repairs done and then you buy it after a re-inspection following the repairs. This would be best for very expensive repairs such as for changing the entire roof or re-plumbing the entire home.

A good home inspection can make the difference between a smooth transaction and a disaster.  Make sure you find the right inspector and be involved in the process.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

1619 Camino De La Sierra NE, Albuquerque, NM 87112  $550,000

3 Bedrooms / 4 Bathrooms (3 full, 1 half) / 3415 Square Feet

Wonderful one owner custom home by Carlson Builders. Located in S foothills on approx acre of beautifully landscaped property with amazing view. This home has Hurd windows, custom cabinetry through out, GE Monogram/Jenn Air appliances, butcher block island, custom pantry, 3 cars plus carport, cedar closet, gun room, hidden closet. Even a detached workshop/studio. A 25'x39' great room for all occasions . Plantation shutters, two master suites. This home was built to stay, with post stressed concrete slab and a Garden room, and so much more. Minutes to hiking, biking, freeway and shopping.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Cool Down This Summer With These Top Albuquerque Ice Cream Shops

by Sandi Pressley

Do you scream for ice cream? Summer is unofficially here, and it’s time to start thinking about the best part of summer – ice cream! In a city like Albuquerque, you can bet you’ll find amazing ice cream, frozen yogurt, and gelato delights to sooth the summer heat. Here’s the latest list of the best places to get ice cream in Albuquerque.

I Scream Ice Cream

Of course one of the best places to get ice cream in Albuquerque has that name. And to go with delicious ice cream are walls filled with memorabilia to gaze at as you revisit your childhood.

Green Jeans Farmery

There’s plenty of ways to cool down at Green Jeans. It’s a collection of several restaurants, including Chumlys Southwestern, Rustic on the Green, Amore Neapolitan Pizzeria,  Nitro Fog Creamery and Rockin’ Taco. You can get your ice cream, have a refreshing brew, and enjoy delicious food all in one place.

Pop Fizz

Only in Albuquerque will you find an ice cream shop like this. Pop Fizz mixes Mexican Paleteria with an American Soda shop twist. They make their own Paletas with real fruit and cane sugar, with constantly changing flavors. And if you need something stronger, they offer beer, wine, boozy milkshakes and alcohol infused Paletas.

Frost Gelato

So smooth and delicious, gelato is the perfect ice cream alternative. Frost Gelato offers the best gelato in Albuquerque, where you can mix and match flavors to create something new every time you visit.

Steve's Ice Cream & Java

While you’re touring old town Albuquerque,  stop by Steve’s for amazing ice cream, muffins, and a refreshingly strong cup of coffee. It’s the perfect diversion while shopping downtown.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

7508 Calle Montana NE, Albuquerque, NM 87113  $419,000

5 Bedrooms / 3 Bathrooms (2 full, 1 half) / 3000 Square Feet

Beautiful 5 bedroom Stillbrooke in highly desirable planned community! The main level offers a grand open floorplan that seemlessly connects the living spaces. Cathedral ceilings & Clerestory windows lend to the light, bright family room w/cozy fireplace; A chef inspiring kitchen will delight featuring gorgeous granite counter tops, ample cabinet space, large pantry, eat at kitchen island & sunny breakfast nook. Master suite is situated on the main level at the back of home for optimal tranquility with backyard access, spa like en suite & huge walkin closet. Upstairs features a loft/den, three more large bedrooms, & another full bathroom. Enjoy the tranquil water feature in the professionally landscaped and fully walled backyard.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Should You Buy a Second Home in Albuquerque?

by Sandi Pressley

Is buying a second home in Albuquerque something you’ve considered? Buying a 2nd home for retirement or a vacation home can be a great investment, as well as an indicator you’re planning well for retirement. And since finance rates are low, now is a great time to buy.

The big question though is why you should buy a 2nd home in Albuquerque? Answering this question will help you see where your priorities are.

You Can Afford It

Can you really afford a 2nd home in Albuquerque? Usually, people buy a 2nd home after their children leave home and they’re headed for retirement. People tend to earn more or have more saved up by this point in life, giving them more financial freedom.

A Good Investment

Buying a second or retirement home in Albuquerque can be a great investment. But there are risks. Try to choose a home in an area that is growing, which can improve the property value over time.

Comfortable Retirement

As we’ve noted, usually its individuals in their 40s – 50s that tend to buy 2nd homes. Most people are planning for retirement or at least thinking about it by that age. Owning a second home can be a great way to plan for retirement.

Let’s say you want to retire to a community with a sunny beach? Why not search for a home in the area you want to retire? That way you’ll already have the home and it will have increased in value until then.

Tax Benefits

If you own a home, you have to pay taxes on it, so of course we need to talk about the tax benefits. The good news is that you can write off the property taxes on a second home. And it doesn’t matter if it’s an investment, rental, or for your own use. You can also deduct interest, insurance, and depreciation against your home’s value.

Buying a second home may not be for everyone. But if it’s something you can do, take time to consider the advantages and disadvantages before you make the big move.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

7508 Calle Montana NE, Albuquerque, NM 87113  $419,000

5 Bedrooms / 3 Bathrooms (2 full, 1 half) / 3000 Square Feet

Beautiful 5 bedroom Stillbrooke in highly desirable planned community! The main level offers a grand open floorplan that seemlessly connects the living spaces. Cathedral ceilings & Clerestory windows lend to the light, bright family room w/cozy fireplace; A chef inspiring kitchen will delight featuring gorgeous granite counter tops, ample cabinet space, large pantry, eat at kitchen island & sunny breakfast nook. Master suite is situated on the main level at the back of home for optimal tranquility with backyard access, spa like en suite & huge walkin closet. Upstairs features a loft/den, three more large bedrooms, & another full bathroom. Enjoy the tranquil water feature in the professionally landscaped and fully walled backyard.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

4 Obstacles to Selling Your Home in Albuquerque Without an Agent

by Sandi Pressley

It’s not rare that a person may feel they can sell their home on their own, which is called For Sale By Owner (FSBO). Many people believe that by not using a real estate agent that they’ll save money and have more control over the process.  But most of the time, they end up having more stress than those who hire an agent. What are some of the issues that people face when they sell their house on their own?

Setting the Right Price

People who chose not to use a real estate agent have a tough time setting the right price. They are emotionally attached to the house, and it’s not easy to separate those feelings.  So in many cases they set the price too high, which will drive away buyers and prolong the process.

Paperwork

Home sellers are never really prepared for all the paperwork it takes to complete a sale. In addition, some of the paperwork is hard to understand.  This is why real estate agents spend so much time training, so that they can comprehend all of that legal speak. And an agent will also handle all of the paperwork, so you do have to. This alone can be convincing enough to hire a real estate professional.

Selling in Your Desired Timeframe

Home sellers don’t always realize how long the process takes. You need to get your home ready to sell, show it to buyers, close the sale, and more. All of this can add up, making the process take longer than people expect. As such, many will set unrealistic deadlines and be disappointed and frustrated when they fall short.

Getting Your Home Ready to Sell

Most homes need to be prepared to sell.  There’s almost always some repairs to be made, along with cleaning and staging. This is a crucial part of the process that many homeowners overlook when they sell their own home. Home buyers typically will look at a home online and judge the home by the photos. If they don’t see a clean home, they will just go to the next listing.

Why go through all of these stressful obstacles on your own? Hiring an experienced agent will alleviate a great deal of stress and confusion during the selling process, as well as help you make more money in the end.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

5000 College Heights Drive NW, Albuquerque, NM 8712  $425,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2850 Square Feet

Casual elegance abounds in this beautiful custom home with private courtyard & dramatic functional floor plan featuring 4BDR/2.5BA/3CG! Oversized great room features coffered ceiling, tile flooring, gas fireplace, 8ft stacking patio doors that open up to the amazing outdoor living space w/wood fireplace & covered patio to entertain or relax & enjoy the best of New Mexico weather! Gourmet kitchen features granite countertops, gas cooktop, pot filler, built-in oven, bkfst bar, pantry, island! REFRIG AIR, central vac, skylights, RV Pad! Incredible mst suite on its own wing featuring backyard patio access, jetted tub, sep shower, built-in cabinets in walk-in closet. Beautifully landscaped & walled for privacy. Close to shopping, parks, Bosque trails, easy access across town Montano, I40!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Should You Pay Off Your Mortgage or Invest?

by Sandi Pressley

If you have some extra cash on hand, what do you do with it? If you plan to make that money work for you, perhaps you've thought about investing or paying off your mortgage.

Which choice yeilds the best return? This has certainly been a heated debate, with passionate responses on both sides of the question.  Either way, it’s a decision that can have serious consequences financially.

Which way should you go?

You need to consider these variables:

  • Your home’s current market value
  • Your mortgage interest rate
  • Home appreciation in your area
  • Your income tax rate
  • Expectations for inflation
  • An assumed rate of investment return

Justin Goodbread, a certified financial planner, analyzed these variables, using national averages for these parameters to compare various scenarios between investing and paying off a mortgage.

As it turned out, the math favored investing. But the math isn’t the only thing you should consider. It also depends on your own situation. Goodbread offered two rules of thumb to decide:

You should pay off your mortgage early if you’re a conservative investor, in a low tax bracket with a high mortgage interest rate.

And you should invest if you’re a more aggressive investor, in a high tax bracket with a low, 30-year, fixed mortgage interest rate, and if you’re younger than 50.

What are some reasons to keep your mortgage?

  • Maintaining liquidity.  Paying off a mortgage will leave you without a cash cushion in an emergency.
  • Your home’s value isn’t affected by a mortgage.  The value of your home will increase over time. But this will not affect how much you owe on your mortgage.
  • Mortgage interest is inexpensive. Your mortgage is secured by your home’s value, and this keeps interest rates much cheaper than credit cards and personal loans. Even better, the interest is tax deductible.

Of course, in the end, the choice of investing vs paying off your mortgage is one you should make carefully. Join us every week for more real estate advice and local Albuquerque articles.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

5000 College Heights Drive NW, Albuquerque, NM 8712  $425,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2850 Square Feet

Casual elegance abounds in this beautiful custom home with private courtyard & dramatic functional floor plan featuring 4BDR/2.5BA/3CG! Oversized great room features coffered ceiling, tile flooring, gas fireplace, 8ft stacking patio doors that open up to the amazing outdoor living space w/wood fireplace & covered patio to entertain or relax & enjoy the best of New Mexico weather! Gourmet kitchen features granite countertops, gas cooktop, pot filler, built-in oven, bkfst bar, pantry, island! REFRIG AIR, central vac, skylights, RV Pad! Incredible mst suite on its own wing featuring backyard patio access, jetted tub, sep shower, built-in cabinets in walk-in closet. Beautifully landscaped & walled for privacy. Close to shopping, parks, Bosque trails, easy access across town Montano, I40!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Make This a Memorial Day to Remember in Albuquerque

by Sandi Pressley

Get ready for fun, excitement, and rememberance this next weekend in Albuquerque! There's no better place to spend Memorial Day weekend than Albuquerque, so make sure you make your plans now. If you need some ideas, here's a list of some of the events coming up this Memoral Day weekend in Albuquerque.

Singin’ in the Rain Broadway at Albuquerque Little Theatre

Opening night is Friday, May 24, 2019 and the production runs on weekends through June 16 at the Albuquerque Little Theatre.

Downtown Growers' Market

The downtown market offers fresh produce, live music, yoga, and a wide variety of vendors. The market at historic Robinson Park runs on Saturday, May 25, from 8 a.m. to noon.

Albuquerque Wine Festival

Sample wines from wineries throughout the state. Listen to great live music, taste mouth-watering selections from food vendors, and view the work of talented arts and crafts vendors.  The wine festival, suitable for all ages, runs from noon to 6 p.m. on Saturday and Sunday, May 25 and 26, and noon to 4 p.m. on Monday, May 27, at Balloon Fiesta Park. Tickets required and parking is free. 

ABQ Beer Week

The annual Albuquerque Beer Week runs from May 23 through June 2, 2019. Enjoy beer tastings, beer tappings, trivia, live music, beer stein painting, and other events around town. This is your chance to discover some of the city's best breweries and pubs showcased throughout the week.

Albuquerque Blues and Brews

Hear live music from top blues bands, enjoy unlimited samples from dozens of regional craft breweries, participate in raffles and games, check out the cocktail bar, and more. The event takes place from 2 to 6 p.m. on Sunday, May 26, 2019 at Sandia Resort & Casino.

Memorial Day Ceremony at New Mexico Veterans' Memorial Park

Remember veterans who sacrificed their lives in service at a special Memorial Day ceremony at New Mexico Veterans' Memorial Park. The ceremony on Monday, May 27, 2019 from 10 a.m. to noon will feature patriotic music and guest speakers.

Have a Happy Memorial Day Weekend in Albuquerque!

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

HOT HOME LISTING OF THE WEEK!

6448 Kola Court NW, Albuquerque, NM 87120  $399,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 2587 Square Feet

Exceptional custom home! Cul-de-sac location and huge lot! 4BDR/3BA/3CG with master bdr split plan. Private owner's suite on its own wing features tray ceiling, garden tub, sep shower, double sink vanity, walk-in closet & linen closet. REFRIG AIR! Great room & dining room share a cozy two-way fireplace and are open to the custom kitchen with great entertaining space! Kitchen features beautiful cabinets with crown molding, recessed lighting, granite countertops, backsplash, bkst bar, tile flooring, walk-in pantry! Oversized backyard with backyard access, extended covered patio, trees, shrubs and walled for privacy. Perfect for summer BBQs and enjoying the best of NM weather!!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Planning to Deal With Unexpected Home Repairs

by Sandi Pressley

Owning a home in Albuquerque can bring some anxiety when it comes to dealing with unexpected repairs. According to a recent report, most homeowners say that home repairs and maintenance top the list of worries when it comes to owning a home.

According to Holden Lewis, NerdWallet’s home analyst, “When you buy a home, you take a leap into the unknown. So it’s no wonder that homeowners say they’re anxious in our survey. Don’t spend your last dime on the down payment. Instead, set aside a few thousand dollars to take care of unexpected maintenance and repairs. Having an emergency stash will help you sleep better.”

You certainly can't plan for every contingency, but there are a few ways to reduce the stress of unexpected home repairs. Here's a few tips that can help.

Regular Maintenance

One sure way to reduce the chances of major repairs in the future is regular maintenance.  If you fix small problems right away, like a leaky pipe, it can prevent having to make more major repairs that could cost thousands of dollars. An annual maintenance budget that is around 2% of your home's value is an ideal goal. This budget could cover small repairs and regular servicing of HVAC and cleaning gutters and your chimney.  Basically, anything you can do to prevent accidents and problems is money well spent.

Save For Emergencies

Your parents probably taught you to save for a rainy day, and when it comes to owning a home, there can be some very raining days. Saving for unexpected damage from weather or other emergency repairs can keep you from going into further debt.  If you don't have an emergency fund, then you can try to build one by setting attainable goals. In the end, your goal should be to have several months worth of living expenses set aside.

Plan For the Worst

After buying a home, you may later realize you have larger problems to deal with, such as bad roofing or a sinking foundation. These could end up costing more than you have saved.  Before this happens, you may want to look into financing options for big ticket repairs.  This way you wan't be scrambling to finance anything beyond your savings.

Lewis says, “If savings and insurance don’t cover these high costs, your best bet might be to finance the repairs with a home equity line of credit, or HELOC. A HELOC acts like a credit card and is backed by your home’s equity. We’ve found that many homeowners get HELOCs just so they’ll have a readily available source of money in case of emergency.”

Unexpected home repairs don't need to keep you up at night. Make sure to plan now to save yourself heartache in the future.

Search for your dream home in Albuquerque with our easy to use home search. Check back on our blog every week for more real estate advice and local articles about living in Albuquerque. And make sure to follow us on Facebook for up to date real estate news for Albuquerque and surrounding areas.

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