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duncbdunc
ParticipantAN,
re stucco: I understand that you are not supposed to paint over stucco. If you want to refresh color you need to apply a new layer of stucco. Apparently stucco is supposed to breath or it will rot inside from water damage. Paint seals the stucco.
re roof: even if a roof last longer than 20 years, its still depreciated relative to a new roof. This should be accounted for in the price.
re windows:I would argue that windows is deferred maintenance. A 20 year old window is worth less than a brand new one. Especially if its single pane. Over time, double pane windows lose their seal too.
re kitchen: appliances have useful life. 20 years and you start pushing it. Also, a dated kitchen should be worth less than an updated one. This all costs money and should be accounted for in price. This approach helps when comparing comps too.
re pool: good point, but I included because there are enough 20 year old pools in san diego to make this a relevant question and the cost of updating a dated pool can be quite expensive. I think some people underestimate this If the house you are bidding on does not have a pool, just ignore this particular item.
ParticipantAN,
re stucco: I understand that you are not supposed to paint over stucco. If you want to refresh color you need to apply a new layer of stucco. Apparently stucco is supposed to breath or it will rot inside from water damage. Paint seals the stucco.
re roof: even if a roof last longer than 20 years, its still depreciated relative to a new roof. This should be accounted for in the price.
re windows:I would argue that windows is deferred maintenance. A 20 year old window is worth less than a brand new one. Especially if its single pane. Over time, double pane windows lose their seal too.
re kitchen: appliances have useful life. 20 years and you start pushing it. Also, a dated kitchen should be worth less than an updated one. This all costs money and should be accounted for in price. This approach helps when comparing comps too.
re pool: good point, but I included because there are enough 20 year old pools in san diego to make this a relevant question and the cost of updating a dated pool can be quite expensive. I think some people underestimate this If the house you are bidding on does not have a pool, just ignore this particular item.
ParticipantAN,
re stucco: I understand that you are not supposed to paint over stucco. If you want to refresh color you need to apply a new layer of stucco. Apparently stucco is supposed to breath or it will rot inside from water damage. Paint seals the stucco.
re roof: even if a roof last longer than 20 years, its still depreciated relative to a new roof. This should be accounted for in the price.
re windows:I would argue that windows is deferred maintenance. A 20 year old window is worth less than a brand new one. Especially if its single pane. Over time, double pane windows lose their seal too.
re kitchen: appliances have useful life. 20 years and you start pushing it. Also, a dated kitchen should be worth less than an updated one. This all costs money and should be accounted for in price. This approach helps when comparing comps too.
re pool: good point, but I included because there are enough 20 year old pools in san diego to make this a relevant question and the cost of updating a dated pool can be quite expensive. I think some people underestimate this If the house you are bidding on does not have a pool, just ignore this particular item.
ParticipantAN,
re stucco: I understand that you are not supposed to paint over stucco. If you want to refresh color you need to apply a new layer of stucco. Apparently stucco is supposed to breath or it will rot inside from water damage. Paint seals the stucco.
re roof: even if a roof last longer than 20 years, its still depreciated relative to a new roof. This should be accounted for in the price.
re windows:I would argue that windows is deferred maintenance. A 20 year old window is worth less than a brand new one. Especially if its single pane. Over time, double pane windows lose their seal too.
re kitchen: appliances have useful life. 20 years and you start pushing it. Also, a dated kitchen should be worth less than an updated one. This all costs money and should be accounted for in price. This approach helps when comparing comps too.
re pool: good point, but I included because there are enough 20 year old pools in san diego to make this a relevant question and the cost of updating a dated pool can be quite expensive. I think some people underestimate this If the house you are bidding on does not have a pool, just ignore this particular item.
ParticipantPlease ignore this string, it was a double post. Sorry! If you have comments to share, please see my first post where there are already a couple replies.
ParticipantPlease ignore this string, it was a double post. Sorry! If you have comments to share, please see my first post where there are already a couple replies.
ParticipantPlease ignore this string, it was a double post. Sorry! If you have comments to share, please see my first post where there are already a couple replies.
ParticipantPlease ignore this string, it was a double post. Sorry! If you have comments to share, please see my first post where there are already a couple replies.
ParticipantPlease ignore this string, it was a double post. Sorry! If you have comments to share, please see my first post where there are already a couple replies.
ParticipantLong time reader, long time bear and long time renter. I understand the dynamics occuring in the high and low ends of the real estate market. I also have a good bearing of what fair value is for most coastal markets and the 56 corridor. But I have never considered Poway as an option until recently. Because of the reasons stated earlier, I feel like I’m a neophyte again. This is a weird feeling given how much time I’ve invested in understanding the local (and national) R.E. market. I’ve been watching this bubble since 2002. Surprised at how long it lasted, and even more surprised at how long its taken to deflate, particularly in the areas you mention, since these are the areas of focus.
ParticipantLong time reader, long time bear and long time renter. I understand the dynamics occuring in the high and low ends of the real estate market. I also have a good bearing of what fair value is for most coastal markets and the 56 corridor. But I have never considered Poway as an option until recently. Because of the reasons stated earlier, I feel like I’m a neophyte again. This is a weird feeling given how much time I’ve invested in understanding the local (and national) R.E. market. I’ve been watching this bubble since 2002. Surprised at how long it lasted, and even more surprised at how long its taken to deflate, particularly in the areas you mention, since these are the areas of focus.
ParticipantLong time reader, long time bear and long time renter. I understand the dynamics occuring in the high and low ends of the real estate market. I also have a good bearing of what fair value is for most coastal markets and the 56 corridor. But I have never considered Poway as an option until recently. Because of the reasons stated earlier, I feel like I’m a neophyte again. This is a weird feeling given how much time I’ve invested in understanding the local (and national) R.E. market. I’ve been watching this bubble since 2002. Surprised at how long it lasted, and even more surprised at how long its taken to deflate, particularly in the areas you mention, since these are the areas of focus.
ParticipantLong time reader, long time bear and long time renter. I understand the dynamics occuring in the high and low ends of the real estate market. I also have a good bearing of what fair value is for most coastal markets and the 56 corridor. But I have never considered Poway as an option until recently. Because of the reasons stated earlier, I feel like I’m a neophyte again. This is a weird feeling given how much time I’ve invested in understanding the local (and national) R.E. market. I’ve been watching this bubble since 2002. Surprised at how long it lasted, and even more surprised at how long its taken to deflate, particularly in the areas you mention, since these are the areas of focus.
ParticipantLong time reader, long time bear and long time renter. I understand the dynamics occuring in the high and low ends of the real estate market. I also have a good bearing of what fair value is for most coastal markets and the 56 corridor. But I have never considered Poway as an option until recently. Because of the reasons stated earlier, I feel like I’m a neophyte again. This is a weird feeling given how much time I’ve invested in understanding the local (and national) R.E. market. I’ve been watching this bubble since 2002. Surprised at how long it lasted, and even more surprised at how long its taken to deflate, particularly in the areas you mention, since these are the areas of focus.
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