7 Mistakes to Avoid When Hiring a Contractor
A recent survey found that more than half (52%) of American homeowners have a renovation project planned this year.1 If you’re among them, you know that embarking on home improvements can be both exciting and daunting. According to the survey, the median renovation budget is around $15,000, so you’re probably investing a significant amount—and you’ll want to ensure your project’s success.1
One of the most critical decisions you’ll make is choosing the right contractor to bring your vision to life. However, many homeowners fall into common pitfalls during this process, leading to stress, financial strain, and subpar results.
In this guide, we’ll explore seven mistakes to avoid when hiring a contractor to ensure your project runs smoothly from start to finish.
1. SKIPPING THE RESEARCH PHASE
A common mistake homeowners make is rushing into hiring a contractor without proper research. But to ensure the success of your renovation, it’s crucial to take time to meet with multiple candidates and educate yourself on best practices surrounding your project.
If you bypass the interview process, you miss the opportunity to evaluate different approaches, pricing, and expertise. This can result in overpaying or hiring someone whose skills and vision do not align with your needs.
Neglecting to research the processes and steps involved can also leave you vulnerable. Not only does it make it more difficult to ask the right questions, but you also risk hiring unqualified professionals or settling for subpar work.
What To Do Instead:
Educate Yourself — Read up or watch YouTube videos to gain a better understanding of best practices surrounding your project.
Interview Multiple Contractors — Search for and interview at least three contractors who specialize in the type of work you need.
Ask Specific Questions — Inquire about the processes and materials each candidate will utilize.
Seek Recommendations — Get referrals from trusted sources like friends, neighbors, and real estate professionals. We’d be happy to share a list of referrals!
2. CHOOSING BASED SOLELY ON PRICE
Once you’ve interviewed candidates and reviewed their proposals, it’s time to choose your favorite. But don’t make the mistake of rushing to the lowest bid.
While it’s natural to want to save money, selecting a contractor based entirely on price can be a costly mistake. Extremely low bids may indicate cut corners, subpar materials, or hidden costs that will surface later.
According to the National Association of the Remodeling Industry, when evaluating bids, make sure you’re comparing “apples” to “apples” and considering factors like quality, timeline, and scope.2 Are they fully licensed and insured? How long have they been in business? Do they warranty their work?
What To Do Instead:
Consider Overall Value — In addition to price, look at experience, reputation, and quality of work.
Ask for Detailed Breakdowns — Understand what’s included and what’s not in each bid.
Be Wary of Low Bids – Bids that are significantly lower than others may be too good to be true.
Invest in Quality — Remember that quality work comes at a fair price, and investing in a reputable contractor can save you money in the long run by avoiding costly mistakes or repairs.
3. NEGLECTING TO CONFIRM CREDENTIALS & INSURANCE
When you’ve established a good rapport with a contractor, it’s natural to want to believe the best in them. But neglecting to check references and verify licensing and insurance could come back to haunt you.3
Hiring an untrained or unlicensed contractor puts you at risk for safety and code violations, not to mention shoddy workmanship. Without proper insurance, you could be left footing the bill for costly repairs, legal issues, or even medical bills if someone gets hurt on the job.4
Skipping out on a reference check can be equally problematic. It’s your best opportunity to ensure that their promises and your expectations line up with reality.
What To Do Instead:
Verify Licensing and Insurance — Confirm that the contractor is licensed according to local requirements and verify insurance, including general liability and workers’ compensation coverage.
Check Reviews — Read online reviews and confirm that the business is in good standing with the Better Business Bureau and other relevant trade groups.
Call References — When contacting references, ask questions and request to see photos of the contractor’s completed projects.
Visit Job Sites — If possible, visit a current job site to observe the contractor’s work in progress and interaction with clients.
4. PROCEEDING WITHOUT A WRITTEN AGREEMENT
A handshake deal might seem friendly and straightforward, but it’s a recipe for misunderstandings and potential legal issues. Verbal agreements are difficult to enforce and leave room for miscommunication about project scope, timelines, and costs.5
Instead, you should have a signed contract in place before any work begins.3 Paperwork can be tedious, but don’t skip the important step of carefully reading over your contract, asking questions, and pushing back on any terms that make you uncomfortable.
Don’t forget to ask for payment receipts and document any change orders or issues that arise throughout the project, as well.
What To Do instead:
Insist on a Written Contract — Outline all aspects, including scope, materials, timeline, payment schedule, warranty information, and a process for handling change orders.
Understand and Agree — Don’t sign anything until you fully understand and agree to all terms.
Keep Documentation — Once you’ve made your final payment, request a lien waiver or receipt marked “Paid in Full” to keep on file for legal and tax purposes.6
5. PAYING TOO MUCH UPFRONT
Another common misstep is paying a large sum upfront or the full cost of the project before the work is completed. This can leave you vulnerable if the contractor fails to complete the work or disappears with your money.
According to the home services platform Angi, deposits typically range between 10% and 33% of the total project cost.7 The remaining payments should be tied to progress milestones outlined in your contract.
Construction attorneys caution against paying a greater share of the project cost than the percentage of the work that’s been completed.3 If you end up dissatisfied with the outcome, you’ll have much less leverage if you’ve already paid.
What To Do Instead:
Be Cautious — Avoid contractors who demand large upfront payments or cash-only deals.
Establish a Payment Schedule — Tie payments to project milestones and stick to them.
Pay Only Upon Completion — Never pay in full until the project is completed to your satisfaction and all required inspections have been passed.
6. FAILING TO GET NECESSARY PERMITS
Skipping the permit process might seem like a way to save time and money, but it can lead to serious consequences. Without the proper permits, you risk running afoul of local building codes and regulations, which could result in fines, forced removal of work, or even legal action.8
Additionally, unpermitted work might compromise the safety and structural integrity of your home, potentially leading to hazardous conditions or diminished resale potential. Homeowners may also find themselves without recourse if issues arise later, as insurance companies often exclude coverage for unpermitted renovations.8
If your community has a homeowners association (HOA), don’t forget to check their requirements, as well. You may need prior approval to make modifications to your home or yard. HOAs have the power to enforce these restrictions with fines, and they can even put a lien on your home—so don’t skip this important step.9
What To Do Instead:
Discuss Permits — Talk about permits and HOA requirements with your contractor before work begins.
Include Permits in the Contract — Ensure that obtaining necessary permits and approvals is part of your contract.
Verify Inspections — Make sure all required inspections are completed during the project.
Keep Records — Keep copies of all permits, HOA approvals, and inspection reports for your records.
7. IGNORING RED FLAGS AFTER THE PROJECT HAS STARTED
Sometimes a contractor can check all the right boxes—until the work begins. Unfortunately, red flags that are spotted mid-project can be especially challenging to address.
If you’ve already paid a substantial amount or had a portion of your home demolished, you may feel trapped in a bad situation. However, if there are major problems that the contractor is unwilling to address, ignoring them can make things exponentially worse.
Don’t be afraid to seek legal or professional advice if issues persist. Taking immediate, informed, and decisive action is crucial to safeguarding your investment and ensuring the project’s ultimate success.10
What To Do Instead:
Review Your Contract — Make sure you thoroughly understand your rights and the agreed-upon terms.
Document Issues — Keep detailed records, including dates, descriptions of problems, photographs of subpar work or materials, and any communications with the contractor.
Communicate Professionally — Arrange a meeting to discuss your concerns, ensuring you remain calm and professional while clearly expressing your expectations.
Request a Resolution Plan — Ask for a plan to address the issues, set a timeline for resolution, and put everything in writing to ensure you’re both on the same page.
Seek Advice — If the contractor is uncooperative or dismissive, consider seeking advice from a legal professional. You could also contact your local licensing board or consumer protection agency for guidance.
BOTTOMLINE
Hiring the right contractor is crucial to the success of your home improvement project. By avoiding these common mistakes, you can significantly increase your chances of a smooth and successful renovation experience.
Remember, taking the time to thoroughly vet contractors, communicate clearly, and plan carefully will pay off in the long run. Your home is likely your most significant investment, and it deserves the care and attention that comes with making informed, thoughtful decisions about who works on it.
If you’d like help finding a contractor or want to know how planned improvements could impact your home’s resale potential, reach out for a free consultation!
The above references an opinion and is for informational purposes only. It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.
Sources:
1. USA Today –
https://www.usatoday.com/money/homefront/moving/home-renovation-statistics/
2. National Association of the Remodeling Industry –
https://remodelingdoneright.nari.org/Homeowner-Resources/Questions-to-ask/How-to-select-a-remodeler
3. The Washington Post –
https://www.washingtonpost.com/home/2024/07/08/how-to-find-good-honest-contractor/
4. MarketWatch –
https://www.marketwatch.com/guides/insurance-services/home-insurance-during-renovations/
5. LegalZoom –
https://www.legalzoom.com/articles/oral-contracts-do-they-carry-any-weight
6. Better Business Bureau –
https://www.bbb.org/all/home-improvement/your-home-improvement-contract
7. Angi –
https://www.angi.com/articles/how-much-should-i-pay-general-contractor-prior-starting-job.htm
8. Bob Vila –
https://www.bobvila.com/articles/remodel-without-permit/
9. Bankrate –
https://www.bankrate.com/real-estate/hoa-homeowners-association-rules/
10. Angi –
https://www.angi.com/articles/how-complain-contractors-effectively.htm
My personal Blog for August, 2024
Dear Clients, Neighbors, Friends and Associates…
My personal Blog for August, 2024,
“Top 4 Factors to Consider When Choosing Your Mortgage,”
is now published in WalkerOnTheBeach.com.
As August, 2024, begins, Realtors across our country are preparing for implementation of some new rules for our industry arising out of the National Association of Realtors Lawsuit Settlement earlier this year, which is set for final approval by the end of 2024. Within a few days of this publication our local MLS, Board of Realtors and Florida Realtors will move ahead of the August 17 national deadline to adopt some new forms and enhance certain practices so we readily adapt to these new rules.
The National Association of Realtors Lawsuit Settlement: Over many months the media has been full of speculation and often, unfortunately, confusing miss information. NAR has moved to settle a massive class action lawsuit, without any admission of guilt, to the substantial financial benefit of the attorneys, not plaintiffs. One might say our real estate trade organization has in effect “raised the bar,” so Realtors can get on with what we do, professionally and fairly serve the public in the sale of residential real estate sales in America. Other “commission” systems in other countries may serve their public as they are designed to do, but nowhere else in the world does there exist a cooperative real estate system like the one that has evolved in our country since the 1990’s, to encourage cooperation and transparency among agents, to the benefit of the home owner and the home buyer. It is likely this upcoming change is going to be much more in form than in substance.In any event, change we experience together now should be a positive for our profession and for the consumer, and promote top level communication.
Here is a link to the National Association of Realtor Settlement Fact Sheet, https://cdn.nar.realtor/sites/default/files/documents/nar-settlement-factsheet-2024-04-24.pdf
IMPLICATIONS FOR HOME BUYERS AND HOME SELLERS:
- Offers of compensation from listing agent/seller to a cooperating broker can no longer be published on MLS . There will continue to be many ways in which buyer brokers could be compensated, including through offers of compensation communicated off MLS — as we have long believed that it is in the interests of the sellers, buyers, and their brokers to make offers of compensation — but using the MLS to communicate offers of compensation would no longer be an option. • The types of compensation available for buyer brokers would continue to take multiple forms, depending on broker-consumer negotiations, including but not limited to: – Fixed-fee commission paid directly by consumers – Concession from the seller – Portion of the listing broker’s compensation • Compensation would continue to be negotiable.
- This settlement would preserve the choices consumers have regarding real estate services and compensation. • After the new rule goes into effect, listing brokers and sellers could continue to offer compensation for buyer broker services, but such offers could not be communicated via the MLS. • The settlement expressly provides that sellers may communicate seller concessions — such as buyer closing costs — via the MLS provided that such concessions are not conditioned on the use of or payment to a buyer broker. NEW RULE ABOUT WRITTEN AGREEMENTS • NAR has long encouraged its members to use written agreements because they help consumers understand exactly what services and value will be provided, and for how much. • The settlement provides that MLS participants working with buyers must enter into written agreements with those buyers.
Summary: Offers of compensation from listing agent/seller to a cooperating broker can no longer be published on MLS. Only offers of concessions from Seller to Buyer can be published on MLS, which are not required to be published, which field will not be searchable. Further, MLS participants acting for buyers would be required to enter into written agreements with their buyers before touring a home, even prior to providing a video tour for an absentee prospective buyer, which agreements will include job description as well as define the fee to be earned. These agreements can help consumers understand exactly what services and value will be provided, and for how much. Everybody deserves to get paid for his work, and the media cannot come up with a better solution than has been going on since the 1990’s. The truth is, buyers have paid in the sales price they pay and sellers have paid in net proceeds. Essentially that will not change. Only now the buyer will come to understand what the buyer agent should be doing for him, and how and how much the buyer’s agent is paid, which previously most buyers didn’t even think about.
IMPORTANT TAKE-AWAYS:
Commissions do not determine the value of a property.
Commissions are not set by law, are not “fixed”, they are a factor of an existing market and services rendered. Commissions are and have always been negotiable.
Going forward, the buyer agent commission will potentially be determined in negotiation of the sales price far more noticeably than in the past.
As in every industry, there are and will be discount brokers. And do not be surprised if more agents come in the door with a menu for ala carte professional services. For example, at the short end, some brokers charge a fixed fee for simply posting the listing on MLS, leaving the seller to answer the phone, research, stage, market, advertise effectively and creatively, hold open house, screen and arrange consistent showings, justify the price, disclose properly, handle inspections/repairs, answer buyer concerns and objections, qualify the buyer financially, negotiate, solve problems, and navigate the complicated steps to close the transaction. That seller will be very limited in means and manner of exposure and unable to solicit support from professional networks a full service Realtor can offer.
Many of my fellow professionals and competitors can genuinely say the same, “I love what I do.” We consult and conference, we show up with a marketing plan that outlines our services, a plan designed for that property and that individual seller’s goals. Speaking for myself, I am characteristically unable to stop at any point in the transaction where I see there is something else needs done and I can fix it. Considering my many years experience and reputation as a licensed full time Realtor, it is unlikely any client of mine would suggest I have focused on anything besides his well-being and success. Looking back from the date of closing, I also doubt any of my clients, seller or buyer, wish they had committed to pay me an hourly rate.
With every market, and within every market, depending on the property being sold, and consumer needs and motivations, the seasoned real estate professional and skilled practitioner will be indispensable in guiding sellers, when putting their property on the market for sale and in considering their best options to implement the most effective tool in their hands for selling their property….incentive.
For a current market snapshot in the PASS-A-GRILLE AREA,
with a 6 month synopsis of Active,
Pending and Sold Properties, click the links below:
Single Family:
Condo:
My personal Blog for January, 2024
My personal Blog for January, 2024, is now published in WalkerOnTheBeach.com, “Real Estate Market Forecast: Opportunities for Home Buyers and Sellers in 2024.” This is a good read for current market insight.
There may be a unique opportunity right now for buyers, a window in our real estate markets which especially applies to our established coastal condo communities.
Building structural integrity is being scrutinized by Florida licensed engineers, structures are being updated and modified, and are, or soon will be, in better condition than they have ever been since many of us have been old enough to buy one Their reserve schedules for maintenance and timely, reasonable replacement, including mechanical, structural, electrical, plumbing and safety elements, is now highly regulated, providing peace of mind going forward for new owners as well as existing owners. Condo buyers, especially first time condo buyers, have historically been concerned about the stability of monthly dues assessments and unexpected or pending special assessments. They should feel far more comfortable now than in the past.
National surveys say sales prices are not expected to decrease as many buyers hoped. If interest rates continue retreat, I don’t believe we should assume prices will drop. Inventory remains tight. But those Sellers who have decided to put their units on the market now are motivated.
To briefly recap Milestone and SIRS mandated by the State of Florida: All condos which are 3 floors or higher are required to complete the Milestone study prior to December 31, 2024, or within 180 days of official notice to do so, which analyzes substantial structural ”weakness” or material deterioration, if any. If repair or replacement is indicated the situation must be addressed within 365 days. Some communities have arranged to have a engineering firm oversee specific contracting work prior to scheduling their formal engineer-sealed State on-site inspections.
The SIRS, Structural Integrity Reserve Study, will be required of all condos in our State no matter the height. It is a reserve planning tool, to incorporate the integrity of specific components into budget planning, to be adopted before 2025. Any budget after December 2024 must adopt the SIRS and provide full funding for the required components. There is no guess work.
Condo ownership is a huge segment of Florida real estate. It is a signature, highly popular Florida lifestyle choice, offering shared maintenance expense, which often comes with extensive amenities, preferred by part time owners, by those who travel a lot, by those who down size from a single family home, by busy professionals and retirees alike who need or prefer maintenance- free living.
In my generally eclectic local market, the beaches, especially Pass-a-Grille, two like properties in a given location may not come on the market for years. This advice has held true, if you find what you want, and you can afford to buy it, get in there and buy it. In the 36 years I have been involved in the real estate market here, I have not known anyone who was sorry they bought their property here, only those who did not.
Happy 2024! I humbly thank clients and customers who have given me their confidence. It is a responsibility I don’t take lightly.
Joan
p.s. If you would like to read more about the Florida State mandated Milestone and SIRS inspections, please email or text me to send you the primer published by one of our local condo communities. I also wrote a couple of articles in my newsletters last summer regarding the Florida Milestone and SIRS inspections., which are posted on my website www.GulfToGlobalRealEstate.com. My goal has been to help sellers and buyers alike understand how the new State Condo mandates affect the value of the condo they are selling or want to buy. My sellers are paying all assessments involved, they are presenting their properties in the best shape possible for a new owner.
Real Estate Statistics for November, 2023, as reported by Stellar MLS:
For a current market snapshot in the PASS-A-GRILLE AREA,
with a 6 month synopsis of Active,
Pending and Sold Properties, click the links below:
Single Family:
Condo:
And soon it will be summer…
AND SOON IT WILL BE SUMMER…
Dear Clients, Neighbors, Friends and Associates…
My personal Blog for June 2023 discusses national real estate trends and is now published in WalkerOnTheBeach.com, “National Real Estate Market Update for 2023.”
Following the Record Home Prices of last year, headlines across our country touted Higher Mortgage Rates. But the real story is continued Low Inventory. One might imagine increasing mortgage rates could mean fewer buyers, thus significantly more inventory. But actually, that has not happened.
Many buyers face serious affordability challenges now. Meanwhile many sellers are holding on to properties which carry a mortgage with historically low rates. They don’t want to move to another property and pay higher interest rates. Some are even buying a new home while keeping the old one for investment/rental/future appreciation. Rather than pay off the old mortgage with a sale, they are keeping the low interest loan in place. If they have the down payment to afford a new home without selling the old one, they are able, in a sense, to invest the balance of that low interest mortgage into another property at a low rate.
The momentum of the market has cooled since last Fall. Prices dropped last July through October. That does not appear to be the case now. There have been price reductions on active listings, we still see them. But keep in mind sales data is lagging 30, even up to 90 days. Price reductions mean sellers are no longer able to demand exorbitant prices. But sales data may not tell the full story of what is actually happening in real time.
Economists seem to agree, there is no signal in our markets that supply is getting ahead of demand. How any factor affects a market is very often dependent on location. Some factors can affect one market in a significantly different manner than another market. Further, there are always external factors that are not in the general sales data, such as debt ceiling and recession fears, not to mention fears about escalating insurances along our coast.
In any event, there seems to be a floor on prices now, even if there is no substantial upward pressure.
Perhaps one concept to embrace: the market is never as bad as people think, and the market never gets as good as people think.
In any event, extremes are always seeds of opportunity. As a seasoned local market expert, I am here to guide you.
Joan
PINELLAS COUNTY MONTHLY STATISTICS
SOLD in June
F205, Osprey Pointe at the unique Dolphin Cay gated community and preserve across from Eckerd College. Private, third level unit, direct-west-facing open waterfront, 2/2, 1653 SF plus private terrace and garage parking space. All updated with open great room, elegant travertine flooring throughout. $840k.
Click picture for video. Click here for a Google Earth view of the property.
For a current market snapshot in the PASS-A-GRILLE AREA,
with a 6 month synopsis of Active,
Pending and Sold Properties, click the links below:
Last month I first told my readers about 360-180, a new and efficient concept in documenting what you own for the insurance adjuster, in the event of a natural disaster, such as hurricane, or fire, or for moving or remodeling projects. Protect your investment!
I have no affiliation with this business. But the owner Timothy Krafcik, has been my Tech Association for over 30 years. I encourage my readers to Take Advantage of the introductory price of $99 offered until July 1.
See more information below.
**************************************************************************************************************************
From May Paradise News, page 45, courtesy of Pete Roos.
Are You Prepared For The Next Ian?
Folks in Fort Myers Beach are dealing with insurance claims in the aftermath of last year’s
disastrous Hurricane Ian, which, until a day before landfall was aiming for Tampa Bay.
How many of them would have taken the precaution of photographing their home and
possessions and preserving those records safely in the cloud.
A Longtime St. Pete Beach resident with a photo and technical background
has offered to help residents prepare.
360-180. WHAT IS THEIR SERVICE?
They provide a safe guard for your insurances, peace of mind for you, and provide you the property owner, independent, dated photographic documentation of what you own prior to any potentially devastating event, storm, flood, fire or theft. Images are presented in 360 degree surround view. See their demo at http://demo.360-180.com/ password “demo”.
You never need to worry you have viable proof for your insurance company of what has been lost or damaged in some disaster to your furnishings, artwork, equipment, built-ins, cabinetry, architectural add-ons. 360-180 also provides valuable documentation of property condition, what is on-site prior to storage for a remodelling project in your home or business, or a move to a new location.
WHAT IS THE COST?:
Their introductory price is a flat fee of $99 until July 1, 2023.
Prices will increase by about 50 %, and be based on documented square footage of structure.
WHAT IS INCLUDED IN THE PRICE?:
* Security of information. Owner, tech coordinator and photographer, Tim Krafcik, and his rep, Barbara Praete, are 40+ year residents of Pass-a-Grille. References include Joan Walker, Realtor 36 years; Sean Hurley of Frank T. Hurley Associates, Inc, Realtors; Ron and Sherry Sacino; Jack LoBianco; Brenda Ercius.
* Creation Date, imbedded in each room image, of Paradise News cover and local newspaper front page.
* Documentation of all furniture, artwork, cabinetry, built-ins, add-ons, equipment in your home or business.
*Cloud storage off-site. Access is password protected. Accessable with most web browsers.
* Material updated for same owner/property for $25 per room at any time after the first document is delivered.
Call 727-228-0273 for an appointment. Visit http://360-180.com.
Happy Memorial Day!
Dear Clients, Neighbors, Friends and Associates…
Florida SB-4D, or 2022-269, Laws of Florida, effective May 26, 2022, was the legislation that came about rather quickly in the traumatic months following the June 24, 2021, collapse of the 12 story beach- front Champlain Tower condominium in a Miami suburb.
This legislation is transformational, containing arguably the most significant changes in condominium and cooperative statutes ever. It should prove to have significant effects on affordability and unit values, as well as public concerns and perceptions of safety issues involved in condominium living.
Condominium communities have been calling on Reserve Study firms to help navigate evolving condominium reserve requirements. A couple years ago condo communities could actually vote to waive reserves altogether, or minimally, reserve only for roof, painting and paving. Associations were also allowed to fund reserves at less than 100%, for instance, 75% funding in the budget. Now there will be catch up to arrive at a 100% funding plan for all condominium communities in the State of Florida.
State reserve mandates now contain a greatly expanded list which adds general elements such as electrical, plumbing, fire prevention; specific elements such as elevator, building hvac, windows …i.e. any elements contributing to structural integrity or safety or where there is determined to be deferred maintenance. It can be complicated and where issues arise, unusual assessments could be necessary, or alternative funding initiatives, such as a corporate loan, the route I took as Treasurer for my small historic condo in Pass-a-Grille.
The new legislation requires older buildings of three or more stories to conduct Milestone and SIRS (Structural Integrity Reports), sealed by an authorized architect or engineer. Every applicable condominium was required to report to the State last year and get on their list for compliance. A Statewide shortage of qualified engineers is expected.
The Milestone and SIRS are essentially a Reserve Study with defined factors of structure and safety to be scrutinized by authorized engineers at an on-site inspection as required by the new legislation. These reports must be completed prior to December 31, 2024, or within 180 days of notification by local municipality.
Whether 3 stories+ or less, no condominium community will have an exemption regarding the new prohibition against waiving or reducing full funding of certain statutory reserves. This legislation will affect every single condominium community in the State of Florida.
I have been fortunate to be involved in a number of recent condominium transactions, as a Realtor and as a Condo Board Director, in a 28 year old building, a 50 year old building, and a 100+ year old building. Do not put off buying your condo. Be educated. This is Florida and the condominium is the most popular lifestyle choice, offering shared maintenance expense, which often comes with extensive amenities, preferred by part time owners, by those who travel a lot, by those who down size from a single family home, by busy professionals and retirees alike who need or prefer maintenance- free living.
Learn how the condominium you are considering is financially positioned now, and how the Association is addressing compliance issues so you are comfortable where the budget planning is headed. Check how well the property has been maintained in general and focus on big ticket items such as elevators and roofs and facades/balconies/rebar. And be realistic, i..e. replacing old galvanized pipes could be an issue in buildings dating from the 70’s, but it could also be a manageable process, especially where the community location is outstanding. Study the financials provided by your Realtor at or before time of contract, specifically the Reserve schedules. Ask to see the minutes of meetings for the past 12 months, what has been discussed or put on record. And ask about the Milestone and SIRS inspections and reports.
joan
My personal Blog for May, 2023, is published in WalkerOnTheBeach.com, “How To Become a Homeowner on a First-Time Buyer’s Budget.”
SOLD in May:
2/2 Villa on Sun Boulevard, at Casa del Mar, Isla Del Sol Condo community on the Pinellas Bayway. Extraordinary views, excellent use of space, well managed association, corner unit surrounded by the open sea. $495,000.
I introduce 360-180, a new and efficient concept in documenting what you own for the insurance adjuster, in the event of a natural disaster, such as hurricane, or fire, or for moving or remodeling projects. Protect your investment! (Owner, Timothy Krafcik, has been my tech associate 36 years, my Tech Tim!)
From May Paradise News, page 45, courtesy of Pete Roos.
Are You Prepared For The Next Ian?
Folks in Fort Myers Beach are dealing with insurance claims in the aftermath of last year’s disastrous Hurricane Ian, which, until a day before landfall was aiming for Tampa Bay. How many of them would have taken the precaution of photographing their home and possessions and preserving those records safely in the cloud. A Longtime St. Pete Beach resident with a photo and technical background has offered to help residents prepare.
360-180. WHAT IS THEIR SERVICE?
They provide a safe guard for your insurances, peace of mind for you, and provide you the property owner, independent, dated photographic documentation of what you own prior to any potentially devastating event, storm, flood, fire or theft. Images are presented in 360 degree surround view. See their demo at http://demo.360-180.com/ password “demo”.You never need to worry you have viable proof for your insurance company of what has been lost or damaged in some disaster to your furnishings, artwork, equipment, built-ins, cabinetry, architectural add-ons. 360-180 also provides valuable documentation of property condition, what is on-site prior to storage for a remodelling project in your home or business, or a move to a new location.
WHAT IS THE COST?:
Their introductory price is a flat fee of $99 until July 1, 2023. Prices will increase by about 50 %, and be based on documented square footage of structure.
WHAT IS INCLUDED IN THE PRICE?:
* Security of information. Owner, tech coordinator and photographer, Tim Krafcik, and his rep, Barbara Praete, are 40+ year residents of Pass-a-Grille. References include Joan Walker, Realtor 36 years; Sean Hurley of Frank T. Hurley Associates, Inc, Realtors; Ron and Sherry Sacino; Jack LoBianco; Brenda Ercius.
* Creation Date, imbedded in each room image, of Paradise News cover and local newspaper front page.
* Documentation of all furniture, artwork, cabinetry, built-ins, add-ons, equipment in your home or business.
*Cloud storage off-site. Access is password protected. Accessible with most web browsers.
* Material updated for same owner/property for $25 per room at any time after the first document is delivered.
Call 727-228-0273 for an appointment. Visit http://360-180.com.
Best regards,
Joan
joan h walker
What’s up for February?
Dear Clients, Neighbors, Friends and Associates…
Roses are red, violets are blue
Is there a cupid looking for you?
Of course, dream awake!
Rekindle the flame, or start one anew!
Happy Valentine’s Day!
What’s up for February?…why, my winter garden for sure, time to harvest again…
It’s also a good time in our area to get your property on the market..
My personal Blog for February, 2022, WalkerOnTheBeach.com, is “8 Popular Home Design Features for 2022.” Opinions for my blogs come from a variety of sources and reflect assorted market trends. You’ll see reading my blog. One of the strategies for preparing a property for sale is discussed as a popular trend in “staging” for today’s buyer.
Frankly I would have hesitated to recommend sellers go for an accent wall when preparing their home for sale. Sometimes personal statements can take a wrong direction and the buyer cannot visualize themselves in that space and will not feel it’s the home of her dreams. (For instance, my personal artistic flair, i.e. New York Taxi Yellow walls surrounding my kitchen area and bathroom ceiling, may indeed not have general appeal.)
This weekend however, I visited a client who took a relatively outdated condo unit I sold her in December, and created an inspired space for her mother… without any expensive remodeling such as granite countertops and new flooring…. She has transformed the space. Note how the strong blue accent wall in a room of gentle neutral hues, has made the wall surrounding the open water view seem to disappear, bringing focus to the main feature of this condo, the exceptional open water view. Nice job!
Real Estate Statistics for December, 2021,
as reported by the Pinellas Realtor Organization’s CEO David Bennett:
For a current market snapshot in the PASS-A-GRILLE AREA, with a 6 month synopsis of Active, Pending and Sold Properties, click the links below:
Please contact me, or visit my website, GulfToGlobalRealEstate.com to set up a personalized real time search to target your specific market, or to analyze your property’s position in your own neighborhood marketplace.
I’ve not been one to seek awards for some years now, especially when the best gift has been working with some of these remarkable people nearly 12 years! But this lovely trophy, awarded to founding members of our Suncoast Global Council, means a great deal to me…thank you. I am encouraged to share it, so I salute the Suncoast Global Council of our Pinellas Realtor Organization
Thank you, and Happy New Year!
Dear Clients, Neighbors, Friends and Associates…
You make a difference in who I am, and how I do business, some of you for many years now. Thank you, and Happy New Year!
My frequent visitor for several months, this intriguing female cardinal started her days admiring herself in the rear view mirror of my car around 8 a.m. every day, before her radiant red male took her off to breakfast. But now she has discovered my gazing ball in our backyard, and she can watch herself fly from the hammock…hahaha over and over. Enjoy 2022, be amazed at yourself, and keep flying.
Real Estate Statistics for November, 2021,
as reported by the Pinellas Realtor Organization’s CEO David Bennett:
For a current market snapshot in the PASS-A-GRILLE AREA, with a 6 month synopsis of Active, Pending and Sold Properties, click the links below:
Single Family:
Condo:
Please contact me, or visit my website, GulfToGlobalRealEstate.com to set up a personalized real time search to target your specific market, or to analyze your property’s position in your own neighborhood marketplace.
No one should lose his home because of Covid-19
May 19, 2020
Dear clients past and present, fellow real estate professionals, neighbors and friends…
All of us know someone who needs a phone call or a personal message, and we all have family or friends who may need pandemic-related housing information.
I am sending this letter to pass along recently published information, please pass it on to someone who needs it.
No one should lose his home because of Covid-19. On May 13, Kerry Smith, “Florida Realtor” staff writer published information about a one-stop website for homeowners and renters to give them tools to find programs that work for them. The Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and the Department of Housing and Urban Development (HUD), joined together in this project. The website is https://www.cfpb.gov/housing, and should “help homeowners and renters navigate these unprecedented times.”
It is generally understood, those homeowners with mortgages backed by FHA, VA, Fannie Mae or Freddie Mac, may request an initial 180 days payment forebearance, after which they may also request an additional 180 days. Please let your lender know if you are a veteran or current military service member. Once the homeowner is able to resume mortgage payments, he will discuss with his lender his options to bring his mortgage current, which may include modification of loan term, refinance of the existing mortgage or some other work-out solution including time to sell the home. Before confirming the elected option my understanding is he will be required to make 3 consecutive month payments on time, more or less a show of good faith, in order to proceed on the course selected. It is my further understanding, borrowers who are eligible may be able to take advantage of our record low mortgage rates, meaning refinance or buy a new home, three months after their forbearance ends, i.e. after three consecutive payments under their repayment plan, payment deferral option, or loan modification.
Below are two related links published in the past week which could relieve some anxiety for homeowners whose finances have been significantly impacted by Covid-19.
I hope this information helps those who need it. And I will repeat what I said last month, because I see strong indications of buyers returning to the market now. Inventory is low, which is good news for current sellers, where buying decisions may come quickly. If you are a buyer who is ready or needs to make a move, get out there and you might make a very good deal on the home you like and want for your family … Sellers will appreciate you more than ever.
Contact me if you have questions, go well, with best regards,
joan
Christmas 2021 along our Gulf Coast…
Christmas 2021 along our Gulf Coast…
The ghost crabs all scurry ‘tween moon beams they host.
We humbly set our sights
On peace, love, extraordinary light,
We string our stockings on beach chairs with care…
St. Nicholas will soon be there…..
Every year, it seems the holidays sneak up on us—and every year, that brings with it the dreaded last-minute gift panic. Finding a present that hits all the right notes can be surprisingly stressful, even when it comes to people you’ve known for years.
My personal Blog for November, 2021, WalkerOnTheBeach.com, is 20 Unique Home Gifts for Every Person on Your List.
Real Estate Statistics for October, 2021,
as reported by the Pinellas Realtor Organization’s CEO David Bennett:
For a current market snapshot in the PASS-A-GRILLE AREA, with a 6 month synopsis of Active, Pending and Sold Properties, click the links below:
Family: Single
Condo:
Please contact me, or visit my website, GulfToGlobalRealEstate.com to set up a personalized real time search to target your specific market, or to analyze your property’s position in your own neighborhood marketplace.
Merry Christmas!…may your blessings grow a thousand fold…
Reasons people will move during the pandemic
Florida Realtor digital news posted an article today, July 16, citing Buyers’ Wants during these pandemic times…
Reasons people will move during the pandemic
- 44%: Need more space
- 41%: A desire to buy rather than rent
- 37%: To get out of the city and move to the suburbs
- 31%: Job relocation
- 31%: A desire for private outdoor space
- 28%: To be closer to friends and family
- 27%: To downsize
- 19%: To be in a better school district
- 13%: To get away from multifamily or condo life
- 11%: Due to financial problems and/or a job loss
- 3%: To get closer to the city
- 11%: Other
Crowded cities do not hold the same fascination right now, despite the energy we have all felt living in the middle of a vibrant community and/or evolving cultural area.
Buyers who are in the market right now are serious, they want a bigger home, they want more space around them, and of course, some want to downsize from homes if they feel overwhelmed with the upkeep. Most buyers would not be in this current market of uncertainty except for the historically low interest rates. They feel it is a cushion should the upward value trend get derailed at some point, for any length of time. Buyers who can and want/need to move…. for jobs, schools or other concerns… are making their move, trying to get in place for the long haul. Furthermore, depending on any stability in ongoing rental rates could be unwise compared to locking in a 30 year loan around 3% or less.
Generally homes with more space are most sought after, although buyers often opt for new or all remodelled, move- right- in with no expectation of further monetary investment. Whatever the case, real esate professionals can help buyers and sellers reach a solution so most any transition can work.
Certain features in a single family home, like excellent space, a 2 car garage, especially a Home office, attract today’s home buyer. If the buyer is a visitor seeking a second home, a vacation home along our beaches, they often look for an intriguing location rather than space, they are buying a lifestyle, investing in a place of escape that feels perhaps freer and more inspiring than they have “back home.”
675 63rd St. So., St. Petersburg, 33707. $399k. SELLER IS AHEAD OF THIS MARKET!… Recently reduced $30k so buyer has built-in equity for any updates he wants. Buyers, NOW is the time, MAKE YOUR MOVE TODAY! EXCELLENT 3 bedroom/ 3 bath/ 2 garage Home, lots of space, professionally landscaped corner lot, quiet residential neighborhood, popular and accessible location adjoining Gulfport, hardly a mile from restaurants and myriad shopping of So.Pasadena, short walk to Stetson Law School, parks, library, community center… and only a ten minute drive to beaches or Tyrone Mall. This well-sized home features a BRAND NEW red cement tile ROOF, and 3 year old air conditioning system! Special interior features include solid oak flooring, spacious kitchen, dining room, family room, living room, office and foyer… in addition to the 3 bedrooms and 3 baths! A comfortable and inviting covered front porch with broken- tile flooring stretches across the front of the house. An open broken-tile terrace stretches across the west side(back) of the house. PLUS a sizable side yard to the south can make a lovely play ground for children and pets……… or perhaps a pool. NOTE: OFFICE and third bath may be accessed outside the house. Many of us have home offices, and this assures privacy for work areas as well as your family.
OPEN SATURDAY, JULY 18, 1 TO 3, or call Joan for individual video call/walk through.
200 1st Avenue, Pt. Pass-a-Grille #303, St. Pete Beach, Fla., 33706. $413k. TALK ABOUT ROOM WITH A VIEW!!! stretching from the Pass out of the Intracoastal Waterway into the Gulf of Mexico, here is your beach retreat like no other….Feel extraordinarily liberated in this brilliant setting, expansive water views overlooking the beautifully manicured private grounds and pool of Pt Pass-a-Grille. This gem has an unmatched location at the southernmost tip of a string of Gulf front Islands stretching from Clearwater Beach to the end of St. Pete Beach. Take a short 8 block stroll along the beachfront to “downtown” Pass-a-grille, 8th Avenue, home to all manner of quaint shops and unique restaurants, Merry Pier at the east end of 8th, the Historic Museum on 10th. No need to go any further!…And no need to look any further for the home or vacation spot of your dreams. Freshly painted interior, large pantry, walk in bedroom closet, lovely balcony (with storeroom), on-site laundry. Awesome views eastward from bedroom also. A/C system only about 4 years old. Exceptionally well-maintained complex.
OPEN SUNDAY, JULY 19, 1 TO 3, or call Joan for individual video call/walk through.
Best regards to all,
joan