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Check Out These Hot Albuquerque Homes For Sale

by Sandi Pressley

As one of the top real estate teams in Albuquerque, we're proud to feature some of the hotest homes for sale in the area. Check out some of our top homes for sale in Albuquerque right now! And make sure to check out our full ist of Featured Properties on our website.

231 Graceland Drive NE, Albuquerque, NM 87108

Nob Hill Charmer! Great Opportunity!!! Make this one your own or your investment property. Situated on a large corner lot, this gem features both formal and informal living areas. Recently re-finished hardwood floors, wood burning fireplace, separate dining room or office/hobby space, plus classic details throughout. Enjoy warm summer evenings under the ample covered patio. Close to shopping, UNM & UNMH, transporation!


7709 Midge Street NE, Albuquerque, NM 87109

This Charming & Inviting Single Story Home in highly sought-after NE heights neighborhood showcases an open concept & functional floorplan delivering 2 comfortable living areas and sunny dining room. This light & bright home offers skylights, cozy Kiva fireplace adorned from the spacious remodeled kitchen delivering stunning granite counters, tasteful tile backsplash, updated appliances, sink/faucet & plenty of cabinet space. This 3 BDRM home is located in La Cueva district, close to shopping, restaurants & community center. Relax and/or Entertain in the oversized backyard with extended covered patio, low maintenance landscaping includes lilac, honey suckle & rose bushes all creating pleasing environment.

 

8309 Rancho Paraiso NW, Albuquerque, NM

You don't want to miss this picturesque almost 1/4 acre with backyard access. This is a fabulous 4 bedrooms home. Master is on the first floor. Spacious, well appointed kitchen. Light, bright wonderful family home. Pride of ownership is apparent. Balcony with fantastic views upstairs. Sought after neighborhood with easy access to all amenities. Don't wait to see this sensational home.


9825 Greene Avenue NW, Albuquerque, NM 87114

Resort style living is the setting for this Golf course, Custom Home, Shangri-La! Backs up to the Paradise Hills Golf Course. Light, bright and open floor plan. Upgrades Galore! Including Newer appliances, Newer hot water heater (2016), Reconditioned boiler system (2012), NEW Granite counters, Tile back splash (2018), Custom lighting, All the bells and whistles. Dream kitchen is spacious with breakfast nook, pantry and bar. Sensational landscaping with rock waterfall and fish pond accenting the backyard enjoyment. Fabulous fire pit and flagstone walkways, mature trees and a gate to access the golf course! Multiple decks and patios provide 360 degree views and numerous areas for outdoor entertainment. Garage is over sized, finished, with recreational area, workshop and storage!

Check back on our blog every week for our Hot Listing of the week, along with 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.

Deciding on Windows for Your Albuquerque Sunroom Addition

by Sandi Pressley

Who doesn’t want a sunroom? It’s a great place to relax and enjoy the sun, and in the summer months in Albuquerque you can keep it cool while soaking up some rays.

When planning a sunroom, plan on using at least 20 or more windows. Therefore, you’ll need to make sure you chose the right style, material, and price point to keep within your budget.

Before you launch into this big project, make sure you ask some important questions to make the selection process easier.

How efficient do you want to go?

For a starting point, double-paned windows are the standard. They will cost you from $700-$1000 each. Double-paned windows have a low-emissivity coating that helps block heat from entering in the summer and escaping in the winter. But that’s not as efficient as you can go.

Triple-paned windows are filled with argon gas for more insulation, but they can cost as much as $500 more per window.

How should they open?

One of the great things about a sun room is to enjoy the fresh air on nice days. How your windows operate will determine how easy it will be to let that fresh air flow.

There are the five basic window types:

 

  • Fixed windows ($250 to $750 each) don’t open, and are typically used in solarium-style sunrooms (where the walls are made entirely of glass) or high up the wall in standard sunrooms, where you can’t reach them anyway.
  • Slider windows ($500 to $750) consist of two sash (framed panes) that move side to side, one in front of the other.
  • Casement windows ($250 to $500) are hinged on one side and open out when you turn a hand crank. That means you’re able to open the entire window, unlike sliders and double-hungs, which can only be half open. Still, when opened, casements can obstruct the yard—and the crank systems on lower-end units tend to break after a few years, says Annapolis, Md., home inspector Jim Rooney.
  • Awning windows ($250 to $500) are like casements turned on their sides, so the hinges are on top—and the window becomes a rain shield when open. They’re typically used high up in the room to allow warm air to escape.

 

What material do you want?

You’ll also want to consider what your windows will be constructed from—a decision that’ll dictate not only how they look, but how much maintenance they need.

 

  • Vinyl windows ($300 to $800) never need painting on the inside or out. They’re economical, come in white and a handful of other colors, and look good on a simple home. For an upscale house, though, vinyl can look a bit incongruous.
  • Wood windows ($400 to $1,000) offer a traditional, high-end appearance and can be painted to match the interior and exterior trim of your sunroom.
  • Clad windows ($500 to $1,200) are made from wood but are covered with vinyl or aluminum on the outside. That “cladding” is available in a range of colors and never needs painting, so you get the look of wood on the inside with a low-maintenance of a paint-free exterior.

 

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!

7709 Midge Street NE, Albuquerque, NM 87109  $219,000

3 Bedrooms / 2 Bathrooms (1 full, 1 partial) / 1418 Square Feet

This Charming & Inviting Single Story Home in highly sought-after NE heights neighborhood showcases an open concept & functional floorplan delivering 2 comfortable living areas and sunny dining room. This light & bright home offers skylights, cozy Kiva fireplace adorned from the spacious remodeled kitchen delivering stunning granite counters, tasteful tile backsplash, updated appliances (Refrigerator & Washer shall convey), sink/faucet & plenty of cabinet space! This is a MUST SEE!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Basement Insulation Can Lower Your Energy Costs

by Sandi Pressley

When most people think about insulating their home, the basement is a place that can be overlooked. You might think that since hot air rises, that the upper levels are the most important ones to insulate. That's true. Yet the basement can lose as much as 30% of your energy. If you stop that loss, you can save hundreds of dollars per year on heating and cooling costs.

Where to add basement insulation

There are two places to add basement insulation. You can treat the basement as an indoor space and add the insulation to the walls. Or you can treat it as an outdoor space and add it to the ceiling. If you chose the latter, you also need to close off all vents in the basement, particularly vents on your furnace unit and on exposed HVAC ducts.

Adding insulation to basement ceilings

Insulating your basement ceiling is a straightforward job. Use fiberglass batt insulation designed to fit between framing members. Figure a cost of $.50 to $2 per square foot to have a professional install 6 to 12 inches of fiberglass insulation.

Adding insulation to basement walls

Though floor insulation is more common, wall insulation has advantages over ceiling insulation:

  • Efficiency—ceiling insulation often is compressed by many wires, pipes, and ducts that inhabit the floor joists, reducing effectiveness.
  • Gained living space—insulating basement walls usually makes basements more habitable and usable on a daily basis.

Adding insulation to your basement walls requires one of two basic methods:

Build and insulate a stud wall

If you plan on using your basement to live in, building and insulating a stud wall is a great idea, as you can then run electrical and plumbing. You can then cover the wall with drywall and create a nice wall.

To insulate a stud wall, fill the stud cavities with regular fiberglass batt insulation. To prevent damage to the wall from trapped moisture, most building codes require installing a vapor barrier on the warmest (inside) side of the wall.

Install rigid foam sheathing directly against the basement wall

To prevent air infiltration and moisture problems, the seams between the rigid foam sheathing should be sealed with moisture-proof tape.

Codes often dictate that exposed foam sheathing be covered with an acceptable fire barrier, typically a layer of half-inch-thick drywall. Apply furring strips to the sheathing, then install a layer of drywall. Or, build a stud wall against the foam sheathing, fill the stud wall with unfaced fiberglass insulation, and cover with drywall. Both methods yield finished walls for your basement.

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!

7904 Charger Trail NE, Albuquerque, NM 87109  $380,000

4 Bedrooms / 3 Bathrooms (1 full, 2 partial) / 2828 Square Feet

NEW ROOF! (2018) NEWER CARPET & PAINT! (2017) Single story 4BDR/3BA/2G with TWO LIVING AREAS, formal dining, oversized eat-in kitchen plus sunroom! .25 ACRE LOT. REFRIGERATED AIR. Skylights. Wet bar and wood burning fireplace in the oversized family room! Beautifully landscaped yard with mature trees, grass and shrubs! Conveniently located in Academy Estates neighborhood, close to shopping, Whole Foods, Trader Joe's, Alb Academy, parks, schools & restaurants! !

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

How to Be a Good Albuquerque Open House Guest

by Sandi Pressley

Open houses are a great way for home buyers and sellers to meet in a more relaxed setting. It’s your chance as a buyer to peruse your next potential home and see how you can make it your own. It’s really one of the most exciting parts of the home buying process. You definitely get more from open houses than just viewing photos online.

When it comes to home photography, you have to keep in mind that they are aimed to show the best of a home. Seeing the home in person not only reveals things the photos can’t show, but also allows you to view how you can make the home yours.

When you do decide to start going to open houses, you should talk to the people who will be living with you to decide what your wants and needs are. Then do some research (our website is a great resource), talk with your agent and lender. When you take these steps, you can then make a targeted visit with the homes you’re viewing. This not only gives you an advantage over other buyers, but saves you time.

So, before you start viewing, follow these tips to get prepared.

Make It Your Job to Know Which Houses Are “Open”

There are three ways to know when a house is available for viewing:

Ask your agent. We have details on specific properties and can keep you informed of open houses on our website.

And while you’re searching, be sure to jot down the location, time, and date for any open house that strikes your fancy. It will make it that much easier to plan times and routes for hitting as many homes as possible.

Get There Early (and Say Hi to the Neighbors)

Showing up early shows you're serious about buying. You can beat the rush as well and have more time to speak with the hosting agent.

And don't be afraid to ask questions. Many home buyers avoid talking with the showing agent. But the more you speak with them, the more you'll learn about that home.

If a house seems like a match, take a walk around the neighborhood. If you see neighbors out and about, try to talk with them about the neighborhood and get the inside scoop on what life is like there.

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!

7904 Charger Trail NE, Albuquerque, NM 87109  $380,000

4 Bedrooms / 3 Bathrooms (1 full, 2 partial) / 2828 Square Feet

NEW ROOF! (2018) NEWER CARPET & PAINT! (2017) Single story 4BDR/3BA/2G with TWO LIVING AREAS, formal dining, oversized eat-in kitchen plus sunroom! .25 ACRE LOT. REFRIGERATED AIR. Skylights. Wet bar and wood burning fireplace in the oversized family room! Beautifully landscaped yard with mature trees, grass and shrubs! Conveniently located in Academy Estates neighborhood, close to shopping, Whole Foods, Trader Joe's, Alb Academy, parks, schools & restaurants! !

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Home Remodeling Projects With Top-Dollar Returns

by Sandi Pressley

Not all home improvements are created equal. These will reward you the most when it comes time to sell.

Your home is in the perfect location, came at the perfect price, with the perfect lot.

But the home itself? Perfect isn’t the adjective you’d use. But you knew that moving in, and now you’re ready to start making it just right.

But where to begin? How about with data? Data is that friend who tells you like it really is.

Because while any home improvement that brings you joy is priceless, not all add as much home equity as you might expect.

The “Remodeling Impact Report” from the National Association of REALTORS® has tons of data on how much improvements cost — and how much of those costs you can recoup.

Here are the best five home remodeling projects with equity-building might:

New Roof

If you find yourself sprinting for the buckets when it starts to sprinkle, getting a new roof should be your No. 1 to-do. Measuring rainfall from the indoors isn’t cool.

The cost: $7,500

The return: 109% at $8,150

Considering it’s what’s between you and the elements, it’s a no-brainer.

Not sure if you need a new roof? Signs you might include:

  • Shingles are missing, curling up, or covered in moss.
  • Gritty bits from the asphalt shingles are coming out the downspout.
  • The sun’s shining through your attic.
  • You notice stains on ceilings and walls.
  • Your energy bill is sky high.

Hardwood Floors

You flip on the TV to see that your fave home reno-ing duo is it at again, flipping a ranch that’s stuck in the ‘80s.

They make it to the living room, pull back the dingy carpet to reveal hardwood floors in great condition. They’re psyched — and for good reason.

Hardwood floors are a timeless classic. Refinishing is a no-brainer. Neither will you regret adding new hardwood floors if you have none.

The cost to refinish: $2,500

The return: 100% at $2,500

The cost to buy new: $5,500

The return: 91% at $5,000

New Garage Door

No surprise that a garage door replacement project made it onto this #winning list — a new garage door provides a big boost for your home’s curb appeal at a relatively modest cost.

The cost: $2,300 (for a two-door)

The return: 87% at $2,000

There are options galore, too. A host of factory-finish colors, wood-look embossed steel, and glass window insets are just some of the possibilities that’ll give your doors bankable personality.

Better Insulation

Insulation is tucked out of sight, so it’s often out of mind — that is, until you’re forced to wear your parka indoors because it’s sooo darn cold.

The cost: $2,100

The return: 76% at $1,600 (plus the added savings on heating and cooling costs!)

New Siding

In any color! And never paint again.

Those are two of the three benefits of vinyl siding. The third, of course, is your home’s value.

But if long-time homeowners look at you funny when you mention vinyl siding, just tell them that today’s vinyl is way better than what they remember because of fade-resistant finishes and transferable lifetime warranties.

The cost: $13,350

The return: 75% at $10,000

Want fiber-cement siding instead? It also shows a strong payback of 83%. Although it’s the pricier option — you’ll spend about $18,000 with a payback of about $15,000 — it has one thing vinyl still lacks — the perception of quality.

And quality matters. Quality is the one of the most important traits that home buyers focused on when house hunting.

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!

231 Graceland Drive NE, Albuquerque, NM 87108  $189,000

2 Bedrooms / 2 Bathrooms (1 full, 1 partial) / 1530 Square Feet

Great Opportunity! Make this one your own or your investment property! Situated on a large corner lot, this gem features both formal and informal living areas; Recently re-finished hardwood floors; Cozy wood burning fireplace; separate dining room or perhaps office/hobby space; plus classic details throughout. Enjoy warm summer evenings under the ample covered patio. Close to shopping, UNM & UNMH, transporation!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Did You Know Dirty Light Bulbs Waste Energy?

by Sandi Pressley

You just never know where you're wasting energy. And the one place we don't really think about is dirty light bulbs and fixtures.

Having clean lighting not only can save energy and brighten your home, but is also a point to focus on when staging a home for sale.

Granted, cleaning light fixtures is a hassle that requires a stepladder and a steady hand. But it’s a necessary spring-cleaning chore that freshens your home and gives you the light you’re paying for. And you don't need to wait for spring to clean them. Winter is a perfect time to clean fixtures as well.

Dirty bulbs shed 30% less light than clean ones, says the U.S. Department of Energy. Add a dusty, dead-bug riddled cover, and you’ve got an automatic dimmer, whether you want one or not.

Light Bulbs

Light bulbs have much longer lifespans than they used to, thanks to LED and CFL technology. So obviously they'll get dirtier and need cleaning from time to time.

Wipe bulbs with a dry cloth, not wet. Water can get into crevices and damage electronics. Also, don’t spray cleaning solutions directly onto the light bulb, which could damage the bulb. Turn off the electricity to the fixture before messing with the bulbs.

Ceiling Fixtures

Bugs and ceiling fixtures go together like PB&J and is just as messy (and far less tasty). Remove fixtures and soak in a sink with soapy water. Dry and shine with a microfiber cloth.

Don't put glass fixtures in the dishwasher. The glass is not designed to be dishwasher safe and can damage both the fixture and the dishwasher.

Recessed Lights

Dust with a long-handle duster, such as a Swiffer, that traps dust and cobwebs.  For a more thorough cleaning, wipe the insides of canisters and the bulbs with a microfiber cloth or a slightly damp rag.

Before cleaning, make sure the electricity is off and the bulb is cool.

Ceiling Fans

Dust the lights on ceiling fans when you clean the fan blades. When a bulb goes out and you have to climb a ladder anyway, clean globes and bulbs with a microfiber cloth. If the globes are really dirty, take them down and clean with soapy water or a cleaning solution.

When removing or returning globes or bulbs, be sure not to steady yourself by grabbing fan blades, which will turn if touched.

Tricks of the Trade

1.  Dryer sheets are low-cost alternatives to microfiber clothes. They’re great for dusting bulbs.

2.  Wear goggles when dusting or spritzing overhead fixtures to prevent dust or cleaning solution from hurting your eyes.

3.  If you’re having trouble removing the bulb in a recessed light, cut a 12-inch strip of duct tape, and fold it over the bulb so that the ends act like handles that are easier to grip than the glass.

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!

231 Graceland Drive NE, Albuquerque, NM 87108  $189,000

2 Bedrooms / 2 Bathrooms (1 full, 1 partial) / 1530 Square Feet

Great Opportunity! Make this one your own or your investment property! Situated on a large corner lot, this gem features both formal and informal living areas; Recently re-finished hardwood floors; Cozy wood burning fireplace; separate dining room or perhaps office/hobby space; plus classic details throughout. Enjoy warm summer evenings under the ample covered patio. Close to shopping, UNM & UNMH, transporation!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

How to Enhance Your Home With Lighting

by Sandi Pressley

Back in the "old days", all you could do to turn on a light was flip a switch or turn the dimmer knob.

Well, this is 2019 and times are changing. Now you can just tell the lights to come on, like on Star Trek. (Before you know it, we'll be able to tell our microwaves to heat up our Earl Grey tea.)

Smart lighting is becoming more a part of our lives, as it's increasingly more affordable. It's a household features that will let us use lighting to alter our moods, protect ourselves, and save a ton of energy and money.

Lighting Our Homes With a Purpose

Today's lighting designs are more about being a partner in your lifestyle than just turning on the lights. All of the lighting in your home can be on a single system that can be programmed in zones, each with it's own mood.  All of these zones can be controlled by wall units, a master panel, or an app.

So in addition to “Cooking” and “Romance” zones, you might have buttons for:

  • Outdoor Entertaining – patio and walkway lights illuminate.
  • Coming Home – triggered by a timer or a smart phone, the porch, entry hall, and kitchen lights come on.
  • Nighty-Night – lights in kids’ rooms slowly fade out as they fall asleep.
  • Vacation – lights turn on and off in random patterns.
  • Panic Mode – all lights in the house flash on and off.

All you need to do at the end of a long day is just call up an app, or talk to your smart home speaker, and change the mood. You don't even have to lift a finger.

Easing the Fear of Lighting Technology

"Oh no, not another hi-tech gadget in my life", some may say. Don't worry, smart zone lighting is easy to install. If you hire a pro, your home can be retrofitted in about a half day for around $1500.

You’ll get an easy-to-understand central control unit that “talks” with new switches, light fixtures, and bulbs that are specially made to receive wireless signals. You decide on your zones and, once everything’s set up, have the light throughout your house change intensity and color on command.

DIYers Can Zone Out, Too

Relatively low-cost mini-systems are coming to market that’ll let you install your own zones, even if your geekability quotient is near zero.

The Hue is a $199 do-it-yourself starter kit from electronic manufacturer Philips. It includes a wireless hub that plugs into your home router, and three LED bulbs that respond to wireless signals.

Once the hub and bulbs are installed, you control everything from your smartphone, setting up zones (called “scenes” by Hue), and choosing color combos from millions of possible hues. You can even add tricks, such as having your lights flash when one of your tweets is re-tweeted.

If you get hooked on your Hue, you can expand — additional bulbs are $60 each. And because it’s linked to your internet router, your hub can be accessed from virtually anywhere using your smart phone, tablet, or laptop. Working late? Delay your “Coming Home” mode for an hour — and save energy.

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!

2020 Mountaineer Drive SE, Albuquerque, NM 87123  $300,000

4 Bedrooms / 4 Bathrooms (2 full, 2 partial) / 2370 Square Feet

Casual elegance in this Incredible 4BDR/4BA with hard to find attached casita/guest suite/man cave or office!! Master Suite is on the main level!! Soaring wood beam ceilings, light, bright and open! An entertainer's floor plan with lots of space for family and friends! Fully landscaped beautiful backyard. Close to KAFB, Sandia Labs, UNM, Foothills!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Stay Warm in Albuquerque at these Top Coffee & Tea Houses

by Sandi Pressley

With that cool nip in the air, we all need something warm and revitalizing to start the day - or keep it going for that matter. And what better place to find the perfect cup of java or tea than in Albuquerque’s fine coffee houses? Here’s a list of some of the best coffee and tea houses in Albuquerque to warm up your day.

Pinon Coffee House

Pinon features coffee roasted locally by New Mexico Piñon Coffee. You can also enjoy pastries and breakfast burritos made in house, with new pastries flavors created every week.

Prismatic Coffee

If a great cup of espresso is all you need, then Prismatic is the place. They don’t feature food items, except for an outstanding stroopwafel made in house. Otherwise, you’ll just find superb coffee and a relaxing atmosphere to work or relax.

Satellite Coffee

As co-founder Jean Bernstein says “Coffeehouses are where we fuel up, exchange ideas, people watch, and hopefully get a little warmth. With coffee, all things are possible.” At Satellite Coffee you’ll find regular patrons hanging out, enjoying the outstanding coffee choices and relaxing vibe.

Humble Coffee Company

Humble Coffee is a craft coffee shop that specializes in single-origin espresso and brews. Located in the Nob Hill/University and Downtown neighborhoods of Albuquerque, you’ll also find a tasty supply of locally made breakfast burritos and pastries.

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!

9300 Thornton Avenue NE, Albuquerque, NM 87109  $375,000

4 Bedrooms / 3 Bathrooms (2 full, 1 partial) / 2717 Square Feet

 Light, bright and open floor plan on this custom-built NE Heights beauty with 4 bedrooms and over-sized 3 car garage. Full pitched tile roof. Separate laundry room with W/D that stay! Close to schools, shopping and lovely park!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Common and Costly Remodeling Mistakes New Owners Make

by Sandi Pressley

You've done it! You're the proud and happy owner of your very first home!

Now you can do all the things you've dreamed of doing to a home. You can install that huge patio, do some fancy landscaping - the sky is the limit. But this is also the time when you're most likely going to make some costly mistakes.

This is especially true in your first year, when your happiness, eagerness (and sometimes ignorance) might convince you to make one of these mistakes:

Going With the Lowest Bid

Things break. So what do you do when you need major repairs?

The smart thing to so is to get several contractor bids. But going with the cheapest bid is not always smart.

For example, one couple went with a contractor who bid half of what a previous contractor they had used in the past charged. He promised to complete the work in less time as well. The result? A year later, their house was still a construction zone.

What to do:

Make sure that ll the bids have the same scope of work. Cheaper bids may not include all the actual costs and project details. The less expensive contractor may also lack the experience needed to determine any additional steps and costs.

Submitting Small Insurance Claims

You may think it's a good idea to use your insurance for all claims. But if you file too many claims too close to each other, it can increase your premium. If a claim is less than your deductible, it's better to pay our of pocket and save your insurance for catastrophic issues.

An even better solution is to maintain your home so that small claims don't come up in the first place.

What to do:

Before you pick up a sledgehammer, check with an agent or appraiser, who usually are happy to share their knowledge about how much money an improvement will eventually deliver.

Throwing Away Receipts and Paperwork

Don't throw away receipts for items you replace in your home. Small improvements can actually boost the price of you home when you decide to sell it. And saving warranty information can save hundreds down the road.

What to do: Stow paperwork like receipts, contracts, and manuals in a three-ring binder with clear plastic sleeves, or photograph your documents and upload them to cloud storage.

Remodeling Without Doing the Research

No one wants to be a Debbie Downer, but there’s a benefit to knowing the worst-case scenario. One homeowner tells the time he hired roofers to remove box gutters from his 1880s home. Little did he know, more often than not aged box gutters come with more extensive rot damage, which his roofers weren’t qualified to handle.

Had he researched the problem, he could have saved money and anxiety by hiring a specialist from the start, he says.

What to do:

Before you begin a project, do thorough research. Ask detailed questions of contractors so you can get your timing, budget, and expectations in line.

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!

2020 Mountaineer Drive SE, Albuquerque, NM 87123  $300,000

4 Bedrooms / 4 Bathrooms (2 full, 2 partial) / 2370 Square Feet

Casual elegance in this Incredible 4BDR/4BA with hard to find attached casita/guest suite/man cave or office!! Master Suite is on the main level!! Soaring wood beam ceilings, light, bright and open! An entertainer's floor plan with lots of space for family and friends! Fully landscaped beautiful backyard. Close to KAFB, Sandia Labs, UNM, Foothills!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

Can You Afford That House in Albuquerque?

by Sandi Pressley

Are you planning on buying a home in Albuquerque? If so, you no doubt have already figured out how much money you need for your down payment, the mortgage payments, and so forth.

Yet how much will that home cost after you move in? Here are six life factors to consider when buying a home:

Green Thumb?

If you love landscaping and gardening, then buying a home with a lawn will be a fun adventure. But if you’re not into gardening, then buying a home with a lawn or landscaping can cost you about $100 or more a month for professional landscape maintenance. Are you willing to skip the lawn in favor of hardscaping to reduce costs.

Make sure to factor your hobbies and services into your monthly budget to see if the numbers still work out in the black.

Pool Time

It can get hot in the Southwest, so a pool might sound like a great idea to stay cool. Yet one truth remains – pools cost money maintain. You should add up the costs of pool maintenance and servicing, energy, and insurance (along with liability if you have small children).  After you take all that into consideration, you may decide you would be better off heading to the neighborhood swimming hole.

If you plan to add a pool, don't expect to get back more than 50% of the cost when you sell your home. Yes, pools are fun, but they are an investment. Factor time and money into your future plans when buying a home with this special feature and, once again, ask yourself if the numbers add up to support your other financial goals.

Children

If you’re buying a home and plan to start a family in the next few years, don’t just consider the amount of mortgage you can afford under your current expenses. Factor in daycare costs and then determine what your cash flow will look like. You may have to adjust the amount of home you’re looking to purchase.

Entertainment

Have you taken into account your entertainment costs? Most of us like to eat out, go see a concert or a movie, or go to a game. You should add up how much you normally spend on entertainment and see how you can balance those costs with owning a home. You may love your new home, but you may not want to feel trapped in it because you don't have the money left to have fun.

Retirement

If you’re in your 20s, you should try to save 10% of your income; in your 30s, you should be saving 15%. If you need to cut back on your retirement savings to make a home purchase work, think hard about when you’ll be able to get back to your ideal contribution levels and how much you may be losing out on during that time.

Although home ownership can help build long-term wealth, it’s important to also maintain retirement savings for future security.

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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