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Real Estate Times

Money Talks by Doug Magit

December 28, 2012

Year in review 2012

 This year we talked about the historic low mortgage interest rates, the bottoming out of real estate values along with the benefits and pitfalls of refinancing, and the importance of making sure you have all your paperwork in order for the loan process.

 

Mortgage rates

We began this year with mortgage interest rates around four percent then watched them slowly drop throughout the year to the low three percent range by November. 

Make the most of small, cabin bathrooms

October 26, 2012

 

Renovating bathrooms is commonly at the top of home improvement to-do lists. Though some rooms around the house may remain timeless, bathrooms, like kitchens, show their age (and era) much more easily, which could be why homeowners are always on the lookout for new ideas.

Although many people may dream about creating a spa-type oasis in their homes, not everyone is lucky enough to have a large bathroom, much less a large budget for a full-scale renovation, especially in Mammoth Lakes with small, cabin bathrooms.

Renovating a rental property

February 24, 2012

One of the best things landlords can do during a recession is to pay more attention to their rental properties, ensuring the properties are in tip-top shape so they can get the most out of each unit at a time when the rental market is most competitive. 
 
This might require some renovations, which landlords should be making periodically anyway, regardless of how strong or tenuous the economy might be.
 

Top 10 dream home features

February 24, 2012

(MS)—If you were given a chance to design a dream home, what features would you choose first?

Mammoth’s Transient Occupancy Tax

January 9, 2012

In coming weeks, all residents in Mammoth will be receiving a letter from the Town of Mammoth Lakes notifying them of the existing codes as they relate to TOT, or Transient Occupancy Tax.

TOT is a 13 percent tax that applies to rentals that are under 30 days in duration. While some of the information that will be provided is new, much of it has been in effect for many years and is now going to be more strongly enforced.

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