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Albuquerque Real Estate Trends to Look For

by Sandi Pressley

Whether you’re looking to buy or sell a home in Albuquerque it’s good to know what to expect in real estate trends. The spring months are always exciting and interesting in the real estate industry, so what are analysts expecting us to see in the near future?

Increasing Mortgage Rates

It appears that mortgage rates could continue to rise, depending on how well the economy recovers. Rates have been rising for weeks, whereas earlier in the year, they were holding under 3%. With the expectation that rates will continue to tick upward throughout the year, borrowers are advised to lock in low rates now. 

According to Fannie Mae, 30-year fixed-rate mortgages are expected to average 3.1% through the spring months, while they were averaging 2.9% in the first quarter of the year.

Many economists agree that as more Americans are immunized, there will be a larger economic recovery, thus a rise in mortgage rates.

Even with the slowdown compared to the hot market that has combusted the past year, there’s no major crash forecast. Prices could slow down a bit, and new homes might get built a bit more.

So that means if you plan to buy a home in Albuquerque, now is the time to act, despite stiff buyer competition.

Inventories Could Increase

The past year has been frustrating for home buyers and would-be homebuyers. It has been near impossible to find homes available, and when something comes on the market, it will often sell within just a few days or just an hour.

Today, however, more people have been vaccinated, so there will be less fear of catching COVID-19 from people coming into their home.

Although inventory levels are expected to rise, there could remain a shortage of options, particularly in some markets.

Millennial Movement

More than five million millennials will turn 30 on this year, and they are now the biggest segment of buyers in the real estate market. In 2018, millennial homeownership was at record lows, but that looks like it may be changing.

Around 86% of younger millennials and 52% of older ones are buying first homes, and some are buying luxury properties that are well beyond what you think of as a starter home.

Millennials will likely continue to dominate the market in 2021. According to a survey from the National Association of Homebuilders in the fourth quarter of 2020, 27% of millennial respondents intend to buy a home in the next 12 months, a significant jump from only 19% previously.

The Online Trends Are Growing

The popularity of real estate services online continues to grow, and that will probably not change regardless of the pandemic's state.

It has become increasingly possible to buy or sell a home without leaving the comfort of your current location. Virtual showings, the use of fully virtual agents, or mobile or online closings are just a few ways technology made real estate easier this past year.

What does all this mean for home buyers and sellers in Albuquerque? Whether you plan to buy or sell your home, now is the time to act. For home buyers, you’ll want to get your mortgage rates locked in before they rise any further. For home sellers, there’s never been a better time to sell your home, with stiff buyer demand raising prices and making homes sell fast. Talk to Sandi Pressley and her team soon to buy or sell a home in Albuquerque today!

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

1004 NOVAK Lane NW, Albuquerque, NM 87114  $898,000

4 Bedrooms / 4 Bathrooms (3 full, 1 half) / 4235 Square Feet

North Valley Renaissance Custom Masterpiece! Situated in a gated community close to Rio Grande/Alameda. Highlights include a well thought out floorplan with both formal & casual living spaces. Exceptional features include wood beam raised ceilings; travertine floors; quality wood doors; wood trimmed windows; custom paint; floor to ceiling fireplace; & more! Well appointed Kitchen w/Wolf & Subzero appliances; Alderwood cabinets; gorgeous granite counters; kitchen island; large walk-in pantry; kitchen nook; & eat at bar. Privately located Master Suite offers portal access, luxurious en suite w/snail shower, jetted tub, ample walk-in closet w/built-ins. Three additional bedrooms-one could be In-law Suite. Large covered portal w/relaxing spa & cozy fireplace. See Feature Page for more details!!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Forbearance or Loan Modification - Which is Best for You?

by Sandi Pressley

The word “forbearance” is now commonly used in real estate lingo in Albuquerque. As unemployment rises and claims for unemployment rise, it’s possible a homeowner on a tight budget will have difficulty paying the mortgage. In most cases, unemployment compensation doesn't provide sufficient support to sustain someone for very long. It's not meant to do that. It's there to assist in offsetting the financial loss to the point where the householder re-enters the job market.

Forbearance means holding off your monthly mortgage payments for a while. Your lender and you must agree to a forbearance, as just stopping payments without the lender noticing what's going on would most likely trigger the foreclosure process. 

Lenders are reluctant to foreclose because foreclosing is costly and they risk being stuck with a property they never intended to own. Foreclosing a home and auctioning it can be long and costly. They'd rather work it out, and a forbearance is one way to do that. At the end of the forbearance, you have to pay up. The missed mortgage payments must be made up, meaning a large balloon payment can be looming in the near future.

A loan modification might be the better option. With a loan modification, the note is changed, or legally modified. However, any such decisions should be made with professional help, and advice. It is impossible, however, to alter the terms of a note without a modification or refinance. With a refinance, the new interest rate often can’t be lowered enough to qualify. With a loan modification, it’s different.

The lender will counsel the homeowner on how to change the note into something more affordable, and there are several options.

  • A reduction of the outstanding mortgage balance resulting in lower monthly payments. This is the least likely course of action.
  • Getting a lower-rate is another option. It may seem obvious but often it’s not a “forever” thing, but only for a short time.
  • Lenders might also agree to extend the term of the mortgage which will also lower the monthly payment. This also means more interest will be paid over the life of the loan.
  • A modification can mean switching from an adjustable rate mortgage to the stability of a fixed rate loan.

A loan modification involves completing an application for modification and providing financial information. The most important consideration is to make sure the homeowner can afford the newly modified loan. This means confirming the homeowner's income. If the modified loan provides a $1,500 monthly mortgage payment as a qualifying figure, the household will need to earn around $4,500 per month in gross income. 

Other modification plans will include a “trial modification”, which means the homeowner has to make the new payments on time for a certain period, say three months. After those payments are made on time, the existing note will be converted to a program that homeowners can afford.

If you have the choice, a modification might be the better option. But again, in such a situation, professional counsel should be on your plate.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

13516 Deer Trail Place NE, Albuquerque, NM 87111  $895,000

6 Bedrooms / 4 Bathrooms (3 full, 1 half) / 5893 Square Feet

Perfectly situated with 180 degree views in Glenwood Hills. The frosted glass accented front door greets you and beyond is a wide, open floorplan, with tons of natural light, gas fireplace and wet bar making this home perfect for entertaining. Main level boasts a master suite, 2 spacious bedrooms, formaldining and well-appointed kitchen with breakfast nook and access to one of many patios. Upstairs is another master suite with jetted tub and double sinks, privatebalcony and a fantastic walk-in closet. The garden level is open to the patios and is perfect for rec room/office/gym. Want city AND mountain views this uniqueproperty offers panoramic, breathtaking city views with Mount Taylor in the distance! Hiking, biking and walking trails are just minutes away.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 


Agents, Brokers, and Realtors - What's the Difference?

by Sandi Pressley

When you decide to buy or sell a home in Albuquerque, you need to first decide who you’re going to have on your side to help you complete your transaction succesfully. Albuquerque real estate professionals come in three types - agents, brokers, and Realtors. So what really is the difference between them, and why does it matter?

There are overlaps between all three, but at the same time, distinctions.

Agents

A real estate agent is a person working in the field who has studied for and passed the relevant real estate courses. They are also licensed to practice in the state of New Mexico.

An agent represents either the buyer or the seller in a transaction. Some specialize in working with buyers, others with sellers, others do both.

An agent's job description includes collecting offers and counteroffers, negotiating, and assisting clients with the paperwork. Real estate agents are able to provide their clients with additional services that aid in tying up loose ends, such as arranging any necessary home inspections. They usually receive a commission on a successful transaction, so they receive a percentage of the sale price.

Brokers

A real estate broker is someone with more education than is required to become a real estate agent and has obtained their broker license. A real estate broker might need to complete courses in topics like insurance, taxes, and ethics. Brokers also learn topics like property management and real estate investments. The coursework is more in-depth compared to what agents are required to complete.

There are three types of brokers.

A principal or designated broker is a person who works in every real estate office. They make sure the legal compliance of the office. Additionally, they get a commission of the sales their agents make. Next, there’s a managing broker, who may have greater influence over the agents at the office. An associate broker works under a managing broker but usually doesn’t supervise others.

Real estate brokers can work for themselves. They can also hire agents who work under them.

After passing a broker's exam, you can continue to work under another broker, in which case you will be called an associate broker. This was briefly touched upon earlier.

Brokers and real estate agents share the same responsibilities. The main difference is that a broker may earn more money than an agent by having a team under their management.

Realtors

Realtor is a third term often used to denote an agent or broker. Realtors belong to the National Association of Realtors or NAR.

NAR members agree to adhere to NAR’s strict ethical guidelines. Besides agents, Realtors can also include other professionals in the industry. For instance, property managers and appraisers can be Realtors since it's a profession that originates from a group membership.

When you become a Realtor, you can use the trademark as part of your title.

This trademark has been assigned to Sandi Pressley since 1979. Sandi has listed and sold more homes than any other agent throughout New Mexico. Through her dedication and hard work, she has been able to help over 12,200 families buy or sell their property. Sandi has been the top realtor in Albuquerque as well as in the state of New Mexico for 35 consecutive years. Sandi and her dedicated team of real estate professionals stand ready to help you realize your real estate goals in Albuquerque.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

14319 MARQUETTE Drive NE, Albuquerque, NM 87123  $399,000

4 Bedrooms / 3 Bathrooms (3 full, 0 half) / 3000 Square Feet

Impeccably Maintained Home Ready for its new Owners! Nestled in the Foothills on a great corner lot, this home will not disappoint. Main level features two living areas, with both formal & informal dining options; a galley kitchen with dining nook; great guest bedroom next to a full bath; & closed in porch/sunroom ideal for home gym or game room. Upper level features a very roomy master suite & en suite, plus two additional bedrooms & full bath. Great curb appeal on a large corner lot & easy access to Hwy, close to hiking/biking trails, & conveniences.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Start Your Morning With These Top Albuquerque Coffee Shops

by Sandi Pressley

The weather is getting a bit nippy here in Albuquerque, which is just what you would expect for this time of year. So how are you warming up after a cold night? If you love coffee and other hot drinks, then you'll want to check out some of the top coffee shops in Albuquerque. They offer just about any kind of coffee concoction you can imagine, along with tasty treats to start your morning. Here are 6 of the best places to wake up in Albuquerque.

Zendo

413 2nd St SW, Albuquerque, NM 87102

Zendo offers a low-key atmosphere where you can grab a fantastic cup of coffee prepared by super friendly baristas. Try one of their local coffee blends or for the more adventurous type, try their Red Chile Mocha!

Humble Coffee Company

4200 Lomas Blvd NE, Albuquerque, NM 87110

They have seating indoors and outdoors to accommodate any COVID restrictions. Cold coffee lovers will love this place as they make one of Albuquerque’s best cold brews.

Java Joe’s

906 Park Ave SW #3045, Albuquerque, NM 87102

You might recognized this coffee house from Breaking Bad. But locals know this coffee house for thier delicious local blends. As an added bonus, Java Joe’s often showcases art by local artists and the occasional live music performance.

Trifecta Coffee Company

413 Montaño Rd NE, Albuquerque, NM 87107

Trifecta Coffee Company features a wide selection of coffees from Mexico, South America, Africa, and Latin America to name a few. They are also Albuquerque’s first combined coffee roaster, coffee bar and bakery, lending to the Trifecta name. Try pairing one of their South American blends with one of their freshly made scones.

The Brew

311 Gold Ave SW, Albuquerque, NM 87102

The Brew Coffee Bar brings coffee from their grandfather’s farm in Colombia and brews the perfect cup. A comfortable, unpretentious, space for the community brewing the best coffee in town.

Little Bear Coffee

2632 Pennsylvania St NE, Albuquerque, NM 87110

One of Albuquerque's newest coffee shops, Little Bear Coffee offers a smooth cup of coffee in a warm and friendly environment.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

11721 SKY VALLEY Way NE, Albuquerque, NM 87111  $829,000

6 Bedrooms / 5 Bathrooms (3 full, 2 half) / 4860 Square Feet

Almost 5,000sqft in Prestigious Tanoan East with absolutely INCREDIBLE views!! Enjoy mountain views as you overlook the 6th Hole of Sandia and float in the pristine, HEATED pool, with a lot situated above the golf course for privacy. At night, view the twinkling lights of Albuquerque from your private balcony off the oversized master. Too many amenities to list! With room for everyone, this home boasts a finished basement complete with rec room, bedroom & bath. The luxury kitchen features granite countertops, newer appliances and open floorplan. Beautiful wood floors, oak staircase, 2 gas log fireplaces and more are ready to welcome you home!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Prepare Your Albuquerque Home Now to Reduce Pests

by Sandi Pressley

Do you hate dealing with pests every year? They tend to pop up in spring when the weather gets warmer in Albuquerque. So why are we talking about that now? Because now is the time to prepare your home to resist pests when spring comes again. Not only can pests cause damage to your home, but they are just a pain in general.

Here are some steps you can take now to make sure your home is ready to keep out these tiny threats.

Seal Gaps

Pests don't need a wide open door to get into your home. They can squeeze into any crack and crevice. Look for any unsealed gaps in your home, especially where pipes and electrical lines come into your home. Seal any gaps with caulking or foam insulation.

Store Firewood Away from the House

It may seem convenient now during the winter to store your firewood next to the house. But it's also an open invitation for pests. Store your firewood at least 20 feet away from the house.

Fix Torn Screens

Damaged window screens are also another entry point for pests. If you have any holes or rips in your screens, you can find a repair kit easily in most hardware stores. 

White Vinegar Deters Ants

Ants leave a trail for other ants to find food. You can eliminate that trail with a solution of 1/4 cup white vinegar, 2 cups water and 10 s of peppermint or eucalyptus oil.

Maintain Weatherstripping

If your weatherstripping around the exterior doors is worn or broken, you should replace it to close up any gaps where pests can enter.

Chase Away the Spiders

If spiders have made a home out of your basement, you can deter them with a humidifier to keep the humidity at about 40%. Also sweep down cobwebs when they appear. This should reduce the amount of spiders in your basement and keep them from the rest of the house as well.

Pests Don't Like Coffee

You can turn that morning cup of coffee into an effective pest deterrent. Pour your leftover coffee grounds in places where you think pests are entering. Many animals can't stand the smell of coffee. This trick can also work in your garden.

Inspect Crawl Spaces

Check around crawl spaces and basement for obvious nests of shredded material, which indicate rodents. Also look for smaller pests like ants or cockroaches.

Don’t Let Pests in Through the Dryer Vent

Examine dryer vents to ensure the damper isn’t stuck open or broken off completely. Also check that the seal between the vent and the wall is tight to keep house pests out.

Trim Plants Back From the House

Plants against the house make it easy for ants to enter. If you trim them back at least 3 feet from your house, this will close off their bridge. Keep a 3-in. to 6-in. clearance space between the soil around the foundation and the bottom row of siding to prevent ants from nesting in the siding.

With just a little bit of preparation, you can make your Albuquerque home a more enjoyable and pest-free place to live.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

13504 DESERT ZINNIA Court NE, Albuquerque, NM 87111  $1,125,000

4 Bedrooms / 4 Bathrooms (4 full, 0 half) / 4556 Square Feet

Highly Sought after High Desert Contemporary Southwestern Beauty. Custom built for Original owner. Well Situated on .86 acre lot to maximize the spectacular Mountain and City views! Incredible floor plan features 4 spacious en-suite bedrooms all with private bathrooms, Dual Masters, with the largest one on main level. Gorgeous, sunny kitchen with quartz counter tops, opens onto bright, light breakfast nook and family room. Complete with kitchen island, double ovens. Soaring ceilings throughout - with walls of windows to enjoy the views from every room. Approx 1500 sqft of wrap around decks/patios on front and back of home can be accessed from all bedrooms. Gorgeous serene courtyard with water feature. Spectacular low maintenance landscaping front and back! Newer TPO top of the line roof.

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

October is National Fire Safety Month

by Sandi Pressley

The recent forest fires on the west coast of the US has many people thinking about fire safety. But you don't need a forest fire to start a home fire. October is National Fire Safety Month, and now is a great time to review your plans to keep your family and home safe from fire. In fact, you should regularly review your fire safety plans. Nobody wants to dwell on what can happen in a house fire. But planning for that possibility can save lives.

Here are a few things to plan for and consider:

Smoke Alarms

  • Install smoke alarms outside every bedroom or any area where someone sleeps. Also install them in furnace areas. Be sure there is at least 1 alarm on every level of your home, including the basement, or at each end of a mobile home.
  • Place smoke alarms away from the kitchen and bathroom. False alarms can occur while cooking or even showering.
  • Test smoke alarms every month by pushing the test button. It is best to use smoke alarms that have long-life batteries, but if you do not, change the batteries at least once a year, such as when you change your clocks in the fall.
  • Replace smoke alarms every 10 years.
  • Never paint a smoke alarm.
  • Clean (dust or vacuum) smoke alarms once a month.
  • Use smoke alarms equipped with a flashing light and an alarm in homes with children or adults who are hard of hearing or deaf .

Fire Drills

Even young children (3 and older) can begin to learn what to do in case of a fire.

  • Install at least 1 smoke alarm on every level of your home.
  • Have an escape plan and practice it with your family. This will help you and your family reach safety when it counts. When a fire occurs, there will be no time for planning an escape.
  • Draw a floor plan of your home. Discuss with your family 2 ways to exit every room. Make sure everyone knows how to get out and that doors and windows can be easily opened to permit escape. If you live in an apartment building, never use an elevator during a fire. Use the stairs!
  • Agree on a meeting place. Choose a spot outside your home near a tree, street corner, or fence where everyone can meet after escaping. Teach your children that the sound of a smoke alarm means to go outside right away to the chosen place.
  • Know how to call the fire department. The fire department should be called from outside using a portable phone or from a neighbor's home. Whether the number is 911 or a regular phone number, everyone in the family should know it by heart. Make sure your children know your home address, too. Teach your children that firefighters are friends and never to hide from them.
  • Practice, practice, practice. Practice your exit drill at least twice a year. Remember that fire drills are not a race. Get out quickly, but calmly and carefully. Try practicing realistic situations. Pretend that some exits or doorways are blocked or that the lights are out. The more prepared your family is, the better your chances of surviving a fire.

Of course there's nothing anyone can do to prevent a fire from occurring 100%. But with some planning and preparation, you can escape a house fire alive and safely.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

6017 CROWNPOINT Drive NE, Rio Rancho, NM 87144  $299,000

4 Bedrooms / 3 Bathrooms (2 full, 1 half) / 3086 Square Feet

4 BDRS/3BA/2CG PLUS two office/flex rooms! TWO livings spaces! Kitchen features walk-in pantry, island, breakfast nook and bkfst bar. Light, bright and open floor plan! REFRIGERATED AIR! UPDATED WATER HEATER! Large secondary bdrs have walk-in closets & laundry room located upstairs for convenience! Office/flex room on the main level with 3/4 bath! Newly painted interior and new carpet! Master suite features a balcony, walk-in closet, dual sink vanity, garden tub and separate shower. Backyard features a covered patio, balcony off master suite, walled for privacy and easy care rock landscape!

REQUEST MOR

4 BDRS/3BA/2CG PLUS two office/flex rooms! TWO livings spaces! Kitchen features walk-in pantry, island, breakfast nook and bkfst bar. Light, bright and open floor plan! REFRIGERATED AIR! UPDATED WATER HEATER! Large secondary bdrs have walk-in closets & laundry room located upstairs for convenience! Office/flex room on the main level with 3/4 bath! Newly painted interior and new carpet! Master suite features a balcony, walk-in closet, dual sink vanity, garden tub and separate shower. Backyard features a covered patio, balcony off master suite, walled for privacy and easy care rock landscape!

 

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Is an Accesory Dwelling Unit (ADU) Right for You?

by Sandi Pressley

Accessory dwelling units have been around for a while. You might call them granny flats, in-law units, tiny homes, or carriage houses. These little homes can solve a number of issues, such as making a good retirement home, or if you want your parents to live close to you so you can take care of them. Accessory dwelling units (ADUs) can be located within the primary dwelling such as a basement or attic, be attached to the primary dwelling, or be structurally separate from the primary dwelling. ADUs usually contain a separate kitchen and bathroom. ADUs can be traced back to the early 20th century, when they were a common feature in single-family housing. Many ADUs were created by middle-aged or older persons seeking to take in boarders after their children moved out.

What should you know if you plan to build an ADU in Albuquerque?

Types of ADUs

There are several ways you can build an ADU. They include:

  • Detached new construction ADUs, also sometimes called backyard cottages, granny flats, laneway houses, or DADUs.
  • Garage conversion ADUs
  • ADUs above a garage or workshop, or attached to it.
  • Addition ADUs or “bump-out ADUs”:
  • Basement conversion ADUs, also commonly called basement apartments, mother-in-law units, in law units, secondary suites, English basements, accessory apartments, and a host of other names.
  • Internal ADUs, where part of the primary house besides the basement is converted to an ADU.

Cost

It comes as no surprise that building an ADU is cheaper than building a regular home. But it's still a considerable investment. An ADU that includes a kitchen and bathroom typically start at $80,000 and can quickly move up from there. Depending how elaborate the structure is you can end up spending as much as $150,000 or more.

In addition to the cost of construction, you need to consider permits. Many homeowners may end up building illegal accessory dwellings because they realize how much permits cost. So make sure that you check the permit fees before you build.

Regulations

If you want to build an ADU in Albuquerque or the surrounding area, you should check current local regulations before you build as they are subject to change. In general, in New Mexico most regulations include the following guidelines:

  • It must have a room which is at least 70 sq. ft and no less than seven ft in any direction (including the ceiling)
  • Each tiny house must have sanitary facilities (toilet, sink, and either a bath or shower)
  • The bathroom and kitchen sink have to have both hot and cold water
  • The plumbing fixtures must be connected to an approved sewage system
  • The whole structure has to sit on a foundation which is considered permanent
  • It needs to meet the requirement of the New Mexico Energy Conservation Code
  • There are a number of things which must be included, and which need to be regulated, such as:
    • Windows
    • Permanent heating facilities
    • Wall-switch lighting
    • Bathroom windows or exhaust fans
    • Smoke alarms
    • A door (leading to the outside) which must be at least 32 inches wide and 78 inches high

Building an ADU on your property can certainly be a good way to address your family's needs. Just make sure you do your research and are ready to make the investment.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

5 BLUE SPRUCE Trail, Jemez Springs, NM 87025  $499,000

3 Bedrooms / 2 Bathrooms (1 full, 1 half) / 2900 Square Feet

Beautiful setting for this home built with Northern Hemlock logs on 2 acres of land among soaring Ponderosa Pines. Enjoy the mountain air from your 8x24' covered front porch looking out to the mountain range. Great rm w/ Wood stove, vaulted ceilings, a 26ft pitch, wood beams. Functional kitchen, stainless appliances, ample counter and cabinet space. 2 bedrooms and a bonus/flex room that could be an office/recreation/fitness on main level. Upstairs offers a loft and a spacious Master suite, huge walk in closet, bath w/jetted tub, separate shower. Viewing deck off Master. From lower level access back yard with SW landscape, privacy fence and hot tub. Also access to a separate entrance for in laws quarters/studio apt. complete with kitchenette and bath. Horses allowed, w/RUN IN stall

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

What Pet Door Is Right For Your Home in Albuquerque?

by Sandi Pressley

Just like humans, our pets need a safe and secure place to live. Pet doors are an ideal way of letting your pets in and out of your home when you aren't home. Not all pet doors are the same, and they serve different needs. Some can install in your door, inserted in a slide door, or be installed in the wall. Some of these are easy to install, while others may need professional installation. Here are some of the types of pet doors to help you find the right one for your home in Albuquerque.

Installed-in Doors

Installed pet doors usually go in your home's exterior wall leading to the front or back yard. Depending on how deep the wall is, it can be a flap, frame, or even a tunnel. A flapped door will be made from either a plastic or aluminum frame, with between 2-3 flaps for passage. The downside of plastic frames is that they can break easily. Aluminum will expand and contract with temperature changes, but can get warped over time. The good thing with installed doors is that you can buy replacement flaps.

If you decide a tunnel type is the best option, then you should hire a professional carpenter or handyman to drill the door tunnel in your wall so that you don't damage your plumbing or electrical. 

Custom Doors

Custom pet doors are versatile in that they will let your make changes as your pet grows.

Patio Door

If you live in a rental with a patio door, or don't want to drill holes in your walls or doors, then a patio panel door is a good option. All you have to do is find one that fits the right height of the patio door, then just slip it in. It will let both you and your pets to come in and out easily, making these types very popular. You can also find these doors for sale used, as some people don't need them for long periods if they are renting.

Electronic Doors

Don't want other animals coming into your home? An electronic pet door will solve that issue, as it only lets in pets who are wearing a sensor tag on their collar. Some can even be programmed to only open certain times of the day. This type of door is obviously more expensive, but it can be worth it to protect your home and pets from unfriendly animals. The only trick is that you will need to train your pet how to use it.

Getting the right pet door can save you a lot of trouble having to let your pets in and out all the time, as well as offer them more safety. Any type of door is well worth the cost and effort.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

1393 TIFFANY Lane SE, Rio Rancho, NM 87124  $300,000

3 Bedrooms / 2 Bathrooms (2 full, 0 half) / 1846 Square Feet

TRINITY ESTATES! Open floor plan with lots of living space featuring wood ceilings, vigas, nichos, Kiva fireplace, skylights, REFRIGERATED AIR! Kitchen features beautiful cabinetry, granite countertops, island, recessed lighting, gas cooktop, double oven, walk-in pantry, breakfast bar & bkfst nook with a bay of windows! Master suite features double doors, sep shower, jetted tub, his & her vanities and two closets! Secondary bdrs and full bath on its own wing! Private backyard, beautifully landscaped with turf, shrubs, flowers and trees, covered patio and walled for privacy. Garage has separate, enclosed room for easy storage. Close to shopping, restaurants, parks and easy access to Albuquerque!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

3 Differences Between the Limited and Standard 203(k) FHA Loans

by Sandi Pressley

You've found a home for sale in Albuquerque in the ideal neighborhood, and it's priced just right. But something is holding you back from making the deal.

Could it be the outdated appliances, dark brown exterior, and wall-to-wall carpeting? You can make it the home of your dreams with an FHA 203(k) renovation loan. This type of loan will let you buy the home and have extra cash to purchase appliances or make other improvements to the home. It's unique because you can borrow the funds you'll need based on what your house is expected to be worth after the renovation is complete. 

The FHA 203(k) loan is insured by the Federal Housing Administration (FHA), and offers two options: Limited and Standard. Finding the one that's right for you depends on how much you want to spend and what you intend to do. 

3 Differences between the Limited 203(k) and the Standard 203(k)

  1. Structural Repairs.LIMITED: Minor remodeling and non-structural repairs.

    STANDARD: Major rehabilitation or when repairs are structural or involve landscaping. Examples include jacking up your house to replace the sill plate or knocking the house down to rebuild it (you must leave the foundation). 

  2. HUD Consultant.

    LIMITED: Does not require a HUD consultant.

    STANDARD: Requires the use of a HUD consultant. He will draw up the paperwork and work with you and your contractors to get a write-up before the appraisal and ensure the required renovation is completed. (Your loan officer can work with you to obtain the services of an experienced HUD-approved 203(k) consultant).

  3. Cost.

    LIMITED: Total renovation costs cannot exceed $35,000. There are no minimum costs.

    STANDARD: Your repairs and renovations can go above $35,000. There is a minimum repair cost of $5,000. 

Eligible repairs you can make with a Limited 203(k)

  • Repairing or replacing the roof, gutters or downspouts
  • Repairing or replacing HVAC, heating, plumbing, or electrical systems
  • Repairing or replacing flooring
  • Minor remodeling
  • Indoor or outdoor painting
  • Replacing appliances
  • Accessibility upgrades
  • Abatement of lead-based paint
  • Repairing or replacing decks, patios, and porches
  • Waterproofing or finishing a basement
  • Weatherization

Eligible repairs you can make with a Standard 203(k)

  • Plumbing, electrical, heating, and cooling improvements
  • Structural changes
  • Storm shelter additions
  • Appliance and HVAC upgrades
  • Roofing alterations
  • Large landscaping and site improvements
  • Sewage and septic improvements
  • Site conversion (from a single unit to multi-unit property, for example)
  • Site relocation
  • Accessibility upgrades

This is a basic overview of the differences between the Standard and Limited 203(k) loan. Let us know if you want to learn more about how these loans can help you live in the perfect home in Albuquerque.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

4732 SANDPOINT Road NW, Albuquerque, NM  $365,000

 

4 Bedrooms / 3 Bathrooms (3 full, 0 half) / 2915 Square Feet

All brick KB home with amazing Chef Kitchen with viking appliances, cherry wood soft close cabinetry, tankless water system, Easy Water whole house system, Solar System owned by the seller (not leased),custom tile floors, Brazilian cherry floors on the loft, custom wood banister(railings), Washer,dryer refrigerator and pool table conveys.Home has numerous skylights, fully professionally landscaped with water features!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

Protect Your Albuquerque Home From Theft

by Sandi Pressley

It's not something we like to think about, but home crimes can happen to anyone at any time. As a homeowner in Albuquerque, you know doubt have already taken steps to secure your home and protect your family.

Your main goal when it comes to home security is to prevent criminals from damaging, stealing, or breaking into your home in the first place. That doesn't just mean locking doors and windows. It involves taking into account your property's security weak points and resolving any issues. And criminals are getting more clever, even using online activity to find targets.

What are some basic steps you can take to make sure your Albuquerque home is secure?

  • Even if you’re home, lock windows and external doors when not in use.
  • Lock up your home, even if you go out only for a short time. Many burglars just walk in through an unlocked door or window.
  • If you lose your keys, change the locks immediately.
  • Don’t put an outdoor spare key in an obvious place like under a doormat or potted plant.
  • Keep a light on when you’re not home. This could signal to potential intruders that someone is inside the home, potentially deterring them from trying to break in.
  • Don't leave notes for service people or family members on the door. These act as a welcome mat for a burglar.
  • Keep items of value, like fine jewelry and gaming consoles, out of plain view as much as possible.
  • If you leave your home for an extended period of time, have a trusted friend or family member grab your mail while you’re away. You can also place a hold on your mail with the post office.

Technology Can Help

Of course, by now you've heard about smart home systems that can keep an eye on your home while you're away. You can start with a device as simple as a video doorbell, or up to camera alarms that are professionally monitored 24/7. Here's a few options:

  • Easy to install outdoor motion sensors. These range from $20 - $100.
  • Smart camera system to watch your home remotely through a phone app. These will alert you when they sense motion or someone trips a sensor.
  • Make sure to hide any wiring, as they can be cut and could disable your security system.
  • If you don't have the budget, even a fake security sign or sticker on the window can deter criminals.

How can you make sure your home is secure? You can plan to 'burglarize' your own home to discover any weaknesses in your security. The best way to protect your home from the outside is to survey it with the eyes of a burglar. If you can easily tell that a window could be pried open, a thief will definitely be able to come to the same conclusion. 

While you’re checking for vulnerable spots, take note of any expensive electronics, art, or furniture that is easily spotted through windows. You don’t have to redecorate your entire home to keep expensive items out of sight, but it doesn’t hurt to make small adjustments where you can.

If you follow these tips, you can help reduce the chances of your home being the target of criminal activity.

Contact us today to help you buy or sell your next home in Albuquerque. Looking for the perfect home for sale in Albuquerque? Our easy-to-use home search tool can help you start the process. Join us twice a week on our blog for more real estate advice and great reasons to buy a home in Albuquerque and the surrounding area. Follow us on Facebook for the latest Albuquerque real estate updates.

HOT HOME LISTING OF THE WEEK!

1541 Nez Perce Loop NE, Rio Rancho, NM 87144  $599,000

4 Bedrooms / 4 Bathrooms (2 full, 2 half) / 3644 Square Feet

Stunning Views! This home will WOW your buyers! Wide open floor plan with 2 living areas, perfect for entertaining. Gorgeous wood beam accents, custom kiva fireplace & large picture windows with mountain and city views. Well appointed kitchen features granite counter tops, custom cabinets & SS appliances. Brilliant floor plan offers 2 master suites, 2 additional spacious bedrooms and 2 bonus rooms, plus a formal dining room overlooking the wrap around balcony. Master suite is a gem has a picturesque jetted tub, separate snail shower & large walk in closet. Enjoy the views from your covered patio & wrap around balcony year round! New Septic and Well in 2017 - All New Paint inside and out 2019! Hardwood floors refinished 2019! New Driveway! This home is sure to impress!

Contact the Sandi Pressley team for additional details! 

Get your Morning Inspiration with the Sandi Pressley Team

 

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The Sandi Pressley Team
Coldwell Banker Legacy
10400 Academy Rd. NE Suite 100
Albuquerque NM 87111
505-980-2999
505-263-2173 / 505 293-3700
Fax: 505-212-0729

Quick links to this site are also SandiSells.net or SandiSellsHomes.com