Updates vs. Maintenance

 

We work with a lot of people who want to sell their homes. One of the most common questions we get is in regards to home value, and recent renovations and maintenance.

Many people think that because they recently had their roof, furnace or other items replaced, they can include that cost into the price and recoup some of that expense.

Additionally, people ask about their remodels and renovations and how that influences the price of their home. Let’s dive deeper into this topic and explain what items affect price.

 

How Are Homes Priced?

Before we begin talking about how maintenance and updates, let's talk about how homes are valued. Homes are priced based on the sale of recent comparable home sales that are similar and in close…

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Precision Home Group sells homes 44% faster than the industry average!

 

We have just finished collecting data from over the last 12 months and have the statistics to prove that we sell homes 44% faster than the average industry days on market.

Here in Anchorage, Alaska our current average days on market for single family homes is 45 days, while for Precision Home Group it is only 20 days. We are able to do this because of three things: marketing, agents and knowledge.

Precision Home Group’s marketing is the best real estate marketing in all of Alaska. We achieve this by using the best technology, all platforms and staying on the cutting edge of trends, while knowing what works in our market.

We begin by using professional photography which is sourced in house, which means we have our own photographer on…

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“We Can't Sell During the Winter”

 

I talk to people everyday about buying and selling homes. This is one of the most common objections and myths I hear, from about August until March. Alaska is a very seasonal place and things typically slow down during the winter. Many people think the same is true for the real estate market. But is it really?

Currently, it is mid September as I write this, and already people are talking about shorter days and colder nights. I hear of people taking their homes off the market because their friends, neighbors and self-proclaimed experts are telling them to do so. But, here are some facts:

  • Active Homes on the Market= 952

  • Homes with Accepted Offers = 451

  • Closed Homes Since Sept.1 = 52

  • Closed Homes Since Aug. 1 =…

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Strategic Analysis

When looking at both commercial and residential properties for the sake of an investment, one must ensure that they are getting the best deal possible. In order to do that, there needs to be a systematic way to look at a property and make sure that all aspects are accounted for. The Strategic Analysis method is the best way to make this happen. This method ensures that the potential buyer looks at four main areas of concern in the due diligence process: Financial, market and competitive, location and site, and political and legal. We will go into more depth on each one of these subcategories.

 

Financial Analysis

The purpose of an investment is to make money. In real estate, this is done in many ways, including…

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 Travel

 

All too often, I see people taking trips and vacations for the wrong reasons. They are escaping their life instead of building it. They ignore the facts and neglect to confront what's right in front of them. When I travel, I do so for four main reasons - all of which help build a bigger life for me and my wife, Alecia.


1. Travel to Change your Environment

I’m guilty of getting stuck in a routine -- day in and day out -- without taking a “bird’s-eye” view of my life. Not that routines are bad, they actually help control your life and make it more efficient. However, by breaking the routine and taking a minute to step back can show you numerous ways to improve.


2. Travel to Network

You should become known in your space, your…

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Moving to Alaska

 

You have decided to, or researching about, move to Alaska! Many people are drawn the vast wilderness, Aurora Borealis (A.K.A Northern Lights), fishing and hunting, wildlife, and raw beauty that is Alaska. Whether it's to escape the city life, business or recreation, Alaska has many things to offer, but it is definitely a big task to move to a state that is 2000 miles from its closest neighboring state. There are several things that set Alaska apart from Hawaii and the Lower 48, that's what we call the continental United States. Below we will cover some of the big things to be aware of.

 

Dark vs. Light

Whenever I travel out of state, people always ask me one of two questions: “How do you deal with the darkness all the time?” And,…

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The Belief that Business helps Create Community

Precision Home Group has teamed up with three local businesses to provide a solution to our cities growing at-risk communities. Precision Home Group -- with the help of Alaska Management Group, Hair Science Barber Shop, and Wealth DynamX -- came together to form the non profit, Operation Reborn.

In fall of 2017, the four business owners were talking about the current situation in Anchorage --  where the city was recently labeled as one of the “most dangerous cities” America, with the highest crime rate per capita alongside the highest rates of homeless. A lot of business owners complained about lack of good workers, crime in the area, and local government not providing any solutions.

…

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There are many differences between owning a condo and owning a single-family home. People who live in condos tend to do so because they enjoy the convenience and benefits that come from condo living. These include but aren't limited to: lawn care, snow removal (for those here in Alaska), some utilities, exterior maintenance such as roof and siding, and community amenities like pools, playgrounds and patios. They offer a community lifestyle where much of the property maintenance isn’t the owner’s responsibility. If you are thinking about purchasing a condo, consider these five concepts.

 

 

1. Covenants, Conditions and Restrictions

First, you must understand what CC&Rs are. CC&R stands for Covenants, Conditions and Restrictions, and…

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There are many choices when it comes to selecting and hiring a property manager. With so many options, it can be difficult to know how to select the right one from the beginning. Below we will cover the four main responsibilities your property management company should offer.

 

The Four Responsibilities of a Property Manager

 

1. Set the Rent Logically

Setting rent may seem like a easy task, but is often times done incorrectly. Many of the do-it-yourself landlords look to Zillow or Craigslist when setting their rent, which is like going to a car dealership to price your 2000 Honda Accord based on the current year’s model; it is not accurate and won’t sell. These websites can be good resources, but when used alone will not give you all of the information you need. That is because it…

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Financing Myths Debunked

 

It can be difficult to get financing for a residential loan, but it doesn’t have to be. There are many common myths that people believe that just aren’t true. Because of these misconceptions, many people don’t even apply for a loan because they have doubts that they would qualify.  We will address the most common myths and the only true method to secure financing.

 

“I still have student loans so I won’t qualify.”

The amount of college debt today measures in the trillions and grows every day.  In today’s world, almost every college student has a loan. If this myth was true, then there would be millions of people not able to buy a home in America. This misconception is very common and grossly inaccurate.

The resounding theme of…

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