Reeco FriendlyOur Blog
Reeco, as the exclusive agent for the ownership, is pleased to offer for sale the 66-room Days Inn by Wyndham, located in the desirable Anaheim Resort™ area. The hotel is within walking distance to the Disney® theme parks and the Anaheim Convention Center—attractions that collectively receive more than 30 million visitors per year.
Angel Stadium of Anaheim and the Honda Center—home to Orange County’s only two professional sport teams—are just two miles away and attract a combined 4.8 million visitors annually.
The Days Inn by Wyndham property features:
- 66 large guest rooms with extended-stay upgrade potential;
- an outdoor pool and spa;
- dining room and patio;
- on-site guest laundry facilities;
- and ample parking space.
Investors can take advantage of value enhancement opportunities to reposition and/or rebrand the property to attract leisure and business travelers seeking clean and modern accommodations for a good value.
“The hotel offers tremendous financial upside for an investor who modernizes the property and optimizes operations,” explains Daniel Shaunt, Reeco real estate broker. “The new ownership can explore franchise alternatives or even completely redevelop the property to meet their unique needs. Demand for this property—which is located in a high-traffic and high-visibility area—is increasing year-over-year. We are pleased to say that the immediate and long-term outlook is incredibly positive, and this offering presents a rare opportunity for hotel investors to enter a competitive market.”
As more luxury hotels and high-end restaurants and retail shops flood the Anaheim Resort™ area, the Days Inn by Wyndham is ideally poised to meet the needs of value-conscious tourists, particularly families.
5 Areas in Anaheim Experiencing Revitalization
What will your neighborhood in Anaheim look like within the next few years? If you’re thinking ‘very different,’ you’re probably right on the money. The City of Anaheim’s Community and Economic Development office recently hosted an event showcasing a number of innovative projects that are changing the look and feel of the city.
In some cases, the revitalization is part of a larger, joint-effort which includes several surrounding Orange County cities like Garden Grove, Buena Park, La Habra, Huntington Beach, Westminster, and Stanton. Daniel Shaunt and Darren Barkev, Partners at Reeco (the sustainable real estate company offering complimentary solar power systems and free electricity to all home buyers and home sellers), attended the event to learn more about the most significant in-progress and upcoming projects that could soon revolutionize your neighborhood.
They’re sharing what they learned, below. Read on to get a birds’-eye view of what your community will look like in the near future.
Then, check back on our Reeco Friendly blog in the upcoming months for an in-depth article covering each of these five community development projects. As these projects progress, Reeco will be sharing essential information, such as the areas affected, what residents can expect, project timelines, anticipated impacts on property values, and more.
Beach Boulevard Corridor of Highway 39
The Beach Boulevard Coalition, a group of cities dedicated to cleaning up and rebranding Beach Boulevard, will end the piecemeal management of portions of Beach Boulevard and ensuring a standardized look that showcases Orange County’s beauty. Forget the Beach Boulevard you thought you knew!
“This is an exciting undertaking that will benefit a lot of Orange County residents,” says Shaunt. “It is the first project of its kind for Beach Boulevard, one that is bringing together multiple cities—La Habra, Huntington Beach, and Westminster, just to name a few—in an effort to beautify our communities. This is not only great for homeowners’ property values in the area, but for promoting tourism as well.”
Nestled in the heart of Anaheim, Center City is an urban environment bordered by Lincoln Avenue, South Harbor Boulevard, West Broadway, and North Anaheim Boulevard. It is one of the most creative, dynamic portions of the city that encompasses a mix of civic, office, residential, and commercial properties. It will soon also feature hundreds of new apartments, townhomes, and single-family units!
The Platinum Triangle is a lively district of Anaheim that includes three major landmarks: Angels Stadium (the official baseball stadium of the Los Angeles Angels of Anaheim), Honda Center (an indoor arena that is home to the Anaheim Ducks hockey team), and the City National Grove of Anaheim (an indoor music venue).
Though it used to encompass mostly commercial and industrial properties, the Platinum Triangle is now transforming into a more resident-friendly area full of energetic breweries and delicious eateries—Karl Strauss Brewing Company, Golden Road Brewing, The Catch, and Zov’s Anaheim, just to name a few.
“Until recently, this area was a ghost-town on weeknights and weekends. However, the dramatic growth of residential and introduction of ‘Third-Place’ social environments where people can eat, relax, worship, and exercise has brought life to the Platinum Triangle. In addition to the convenience of having retail options close by for residents and event attendees, this revitalization helps keep revenue within the community and avoid leakage to outside areas,” says Barkev.
Orange County’s largest contiguous industrial area as well as the second largest manufacturing sector, the Anaheim Canyon spans a whopping 2,600 acres of land. The area already contains 800 businesses, and will soon be home to Link OC, a 406-unit apartment complex covering 5,000 square feet.
“The plan is to transform the area into an urban paradise—a great mix of work and play,” explains Barkev. “In several years, you won’t even recognize it.”
The Anaheim Resort
Tourists already love the Disneyland area, that’s no surprise. They’re going to love it even more in the near future when they see The Anaheim Resort™, a tourist-oriented center that includes theme parks, a convention center, and restaurants and retail. Notable five-diamond, luxury hotels set to come to the area are the Downtown Disney Hotel, JW Marriott, and the Westin.
“The hotel inventory in this market must be able to cater to a diverse range of business and leisure travelers from all of over the world,” says Shaunt. “With so much large-scale development activity focusing on high-end luxury accommodations, we are noticing that older, existing hotels are renovating and repositioning their properties to meet the demand of value-conscious travelers, including families. That said, Reeco is presenting a rare opportunity for hotel investors to enter this otherwise tight market with the recent offering of the Days Inn by Wyndham in Anaheim.”
Visit http://anaheimresorthotel.com for more information about the Days Inn by Wyndham in Anaheim, offered by Reeco.
Reach out to our local Reeco real estate agents for more information about these upcoming projects, and to search available homes in beautiful Anaheim. Call us at 877-967-3326 or reach us online at http://www.goreeco.com/contact/.
Southern California sunshine, beach boardwalks and soaring skyscrapers, beautiful celebrities—Los Angeles really has it all. It has a lot to offer homeowners who want to ditch their cars as well; dozens of walkable neighborhoods throughout LA top the list of California’s most pedestrian-friendly areas.
At Reeco, the eco-friendly real estate company offering complimentary solar power systems to all home buyers and sellers, we are committed to helping you live a healthier life in the home of your dreams. We have ranked Los Angeles’ 10 most walkable neighborhoods, based on data provided by Walk Score as well as Reeco real estate agents’ years of experience.
Peruse the list, and then search available homes in these hot neighborhoods before they’re snatched off the market!
*Note: The real estate data provided for the majority of neighborhoods listed in this article refer to the size and price of a typical 3 bed, 2 bath single family home. However, in a few cases, the data refers to luxury condominiums because no single family homes were recently sold. Though Reeco’s Residential Complimentary Solar Program specializes in providing complimentary solar power systems and free electricity to home buyers and sellers, it also applies on a case-by-case basis to condominium and townhouse units.
If our Residential Complimentary Solar Program is not applicable, other rebates or incentives may apply. Therefore, be sure to contact us at 877-967-3326 with any questions about buying or selling property in the areas featuring mostly condominiums and townhomes (those designated with an asterisk).
- Walk Score: 95 out of 100
- Average Sale Price: $2,480,500*
- Average Square Feet: 2,735*
- Average Solar Savings When Buying a Home With Reeco: $1,913+ per year*
No surprises here—the busy Downtown (DTLA) area tops the list of walkable neighborhoods around Los Angeles. Angelenos and tourists alike can take to the streets to enjoy must-sees like Grand Central Market, a city landmark that brings together food and goods from various cultures. From freshly churned ice cream to gourmet oysters in the shell, there’s something for everyone—as long as you’re willing to work your way through the crowds!
Afraid you might be too stuffed to walk home after working your way through the flavors of LA? They offer free shuttle lifts between the Market and several Downtown LA locations, making it the perfect place to start an adventure-filled day around one of the most diverse (and walkable!) areas in the city. Don’t forget to stop by the iconic Bradbury Building, which features a beautiful skylit atrium of walkways, ironwork, and stairs.
2. MacArthur Park / Westlake
- Walk Score: 94
- Average Sale Price: $790,000
- Average Square Feet: 1,488
- Average Solar Savings When Buying a Home With Reeco: $866 + per year
Lakeside views in LA? That’s exactly what you get in the MacArthur Park/Westlake neighborhood. MacArthur Park features a spring-fed lake, an amphitheater, a bandshell, a recreation center, soccer fields, and a children’s playground, making it the ideal place to catch a complimentary summer concert or exercise furry friends.
Those willing to venture into the surrounding area will also find delicious street food from vendors hawking papusas, tamales, and more. Just be aware: although the MacArthur Park/Westlake area is getting safer by the year, it’s still known as a higher-crime area—best to keep that in mind when making plans to wander around.
3. Central Hollywood
- Walk Score: 93
- Average Sale Price: $1,256,000**
- Average Square Feet: 1,861**
- Average Solar Savings When Buying a Home With Reeco: $1,240+**
Lights, camera, action! If you’re like many people, Hollywood immediately springs to mind when thinking of LA. The central area features some of the most iconic sights in the city, and luckily for residents and tourists alike, is one of the most easily accessible and enjoyable for pedestrians.
At the edge of the neighborhood is the much-loved Walk of Fame. Head on down and catch up with all of your favorite stars from the past and present! Don’t forget to keep an eye out for the TCL Chinese Theatre—and should the star-studded atmosphere get you in the mood for a film or two, trek to the El Capitan Theatre for a Disney movie in an unforgettable restored film palace.
Is music for your thing? Drop into The Hotel Café for live musical performances while grabbing a bite to eat, and then polish off a “fat shake” at Fat Sal’s Deli. The strawberry ice cream shake comes with a whole slice of NY cheesecake!
**Note: This data does not encompass Hollywood Hills, West Hollywood, or North Hollywood.
- Walk Score: 91
- Average Sale Price: $662,000*
- Average Square Feet: 1,395*
- Average Solar Savings When Buying a Home With Reeco: $794+*
Koreatown, or K-Town, is a highly diverse district that features Art deco buildings, terra cotta facades, and an inspiring mix of Latino and Korean culture. Pedestrians will find themselves surrounded by Korean restaurants and karaoke bars, along with the famed Line Hotel on Normandie Avenue, the Koreatown Plaza shopping center on Western Avenue, and the striking Wiltern Theater on Wilshire Boulevard.
Looking for food, music, and fun? Look no further than the annual Korean Festival and Parade, which travels along Olympic Boulevard and into Seoul Peace Park every October. If you can’t make it to the festival, bring your appetite to the Korean BBQ Cook-Off, which is organized by the Korean American Coalition (KAC).
5. Mid-City West
- Walk Score: 90
- Average Sale Price: $1,633,000
- Average Square Feet: 1,868
- Average Solar Savings When Buying a Home With Reeco: $1,240+ per year
This area of the Wilshire district has a little something for everyone. For those looking for a few laughs, The Comedy Union on Pico Boulevard hosts veteran comedians that are sure to deliver. More in the mood for art? LACMA (the Los Angeles County Museum of Art) is the largest art museum in the western United States and features a film series, lectures, concerts, and more.
Right next to it is the La Brea Tar Pits & Museum, which contain the fossils of Ice Age animals, and the Pavilion for Japanese Art. If you’re still up for a stroll afterward, set your sights on the façade of the Del Mar Theatre, a classic 1930s vintage film house. Although it is now a post-production facility, the vintage neon sign still stands.
- Walk Score: 89
- Average Sale Price: $685,000
- Average Square Feet: 1,400
- Average Solar Savings When Buying a Home With Reeco: $794+ per year
The Pico-Union neighborhood is home to two historic districts: the South Connie Brea Tract Historic District and Alvarado Terrace Historic District. The latter features a handful of craftsman homes in a variety of styles, such as Victorian and Tudor homes. After seeing the sights, head along Pico Boulevard for a bite from Flavors of Thai, La Papusa Urban Eatery, or any number of diverse eateries.
7. East Hollywood
- Walk Score: 89
- Average Sale Price: $900,000
- Average Square Feet: 1,635
- Average Solar Savings When Buying a Home With Reeco: $954+
Ready to stretch your legs in East Hollywood? Explore John Kelley Chocolates on Sierra Bonita Avenue, wander through the spooky yet enthralling Museum of Death, or grab a swanky drink at Filifera—a rooftop bar with great views of LA. Then, head on over to the Vista Theatre for a movie experience right out of the history books.
Open since the early 1920s, the Vista Theatre has hosted Tinsel Town’s cream of the crop. It is one of the most historic buildings in Los Angeles, and features cement handprints of film celebrities such as John C. Reilly and Spike Jonze in its forecourt. Enjoy the sights and then snuggle into a comfy seat in front of the big screen. Major plus: the extra leg room to rest those tired feet!
8. Hollywood Studio District
- Walk Score: 87
- Average Sale Price: $1,040,000
- Average Square Feet: 1,856
- Average Solar Savings When Buying a Home With Reeco: $1,240+
Start your day on the right foot—and hand, for that matter—by walking on over to Hollywood Boulders. A rock climber’s haven, this gym features wall-to-wall climbing routes in addition to weight and cardio equipment and yoga classes. Then, satiate your post-workout cravings at Roscoe’s House of Chicken and Waffles, a Los Angeles classic.
Be sure to try the soul food restaurant’s namesake: the mouthwatering chicken and waffles. Afterward, work off that stuffed feeling with a walk to Forever Hollywood Cemetery. The beautiful grounds play host to outdoor movie screenings during the summer months.
9. West Los Angeles
- Walk Score: 87
- Average Sale Price: $1,950,000
- Average Square Feet: 2,340
- Average Solar Savings When Buying a Home With Reeco: $1,650+ per year
Strolling isn’t just for the outdoors! Keep cool in the A/C at Westside Pavilion, a 1980s-era mall that’s unmatched in LA. Once you’ve recharged, get back to the great outdoors at the Annual Cherry Blossom Festival (held every spring) or play a few holes—and get more than a few steps in—at Rancho Park Golf Course.
Then, chow down on some amazing Asian food from Sawtelle Boulevard. You’re sure to find something that strikes your fancy, whether you’re looking for ramen style noodles, sushi, or Korean fusion.
- Walk Score: 87
- Average Sale Price: $1,225,000
- Average Square Feet: 1,523
- Average Solar Savings When Buying a Home With Reeco: $900+ per year
The oldest neighborhood in LA, Palms is one of the most diverse communities throughout the city. Walk through the Cheviot Farms Market, which not only sells a variety of delicious treats but also features a cozy area for relaxing and grabbing a cup of coffee, or trek through the Motor Avenue Farmers Market to grab some live music, crisp produce, and freshly baked breads.
If you’re in the mood for a quick workout, Zumba on over to Zumba Westside, which features late-night classes that are perfectly scheduled for working professionals. Then, work out a few kinks with a Swedish massage at Tranquility body Spa—you earned it!
California has long led the way in U.S. solar power adoption, but even more homes will soon be powered by the sun thanks to new legislation. In May 2018, the California Energy Commission unanimously voted to require solar panels on all new homes and multi-family buildings built as of January 1, 2020. These residential solar power systems must be at least 2 to 3 kilowatts, depending on certain factors such as the size of the home.
(Note: At Reeco, the complimentary solar power systems that we provide to all home buyers and sellers are typically much larger than this minimum size—approximately 5 kilowatts. Our in-house solar team customizes every one for maximum output; each solar power system produces enough electricity to potentially cover the homeowner’s entire monthly electricity bill, and even sell power back to the grid, depending on individual homeowner energy usage habits.)
Builders are required to develop homes with individual solar power systems or build a shared power system for a group of homes. Homeowners can either:
- Buy their solar power systems when purchasing their homes;
- Or, pay a monthly fee toward a long-term lease or a power purchase agreement (PPA). (A kind of hybrid model between buying and selling, a PPA is a financial agreement where the developer finances and installs the solar power system, and then sells the power to the customer for a fixed rate during the life of the contract.)
While requiring solar power will increase the purchase price of California homes by approximately $8,000 to $12,000 (an estimated $40 per month over the course of a 30-year mortgage), homeowners are expected to save an average of $80 per month on their electricity bills. This means that they can save:
- $960 per year
- $28,800 over the life of a 30-year mortgage
For many homeowners, solar savings may be even higher—especially when taking advantage of Reeco’s Complimentary Solar Program for home buyers and sellers. “The average Orange County home buyer who works with Reeco to purchase their home saves $1,500 per year on their electricity bill, and receives nearly $30,000 worth of value,” explains Daniel Shaunt, Broker at Reeco.
Rather than passing the cost of the solar power system to home buyers, Reeco works with new home developers to offer complimentary solar to buyers of new construction homes before they are built (this is in addition to Reeco’s Residential Solar Program, which adds complimentary solar power systems to existing homes for buyers and sellers—ideal for those looking at California properties already built without solar).
When these new home developers utilize Reeco as the exclusive listing broker for their developments, Reeco provides each new property with a solar power system—at no additional cost to the developer or home buyers. We are able to do this by sacrificing part of our real estate agents’ commission to offset the cost of the solar power systems, as well as leveraging industry relationships and taking advantage of government programs and incentives. The result is thousands of dollars saved for each home buyer, as well as a huge cost savings to new home developers.
In addition to saving homeowners money, greater solar power production—through California’s new solar legislation and Reeco’s Complimentary Solar Program—is set to reduce greenhouse gas emissions by roughly 700,000 metric tons. This is the the equivalent of removing 115,000 cars from the road, according to the California Energy Commission.
Reeco’s research has determined that a typical 5 kilowatt solar power system can also save 32 trees and 4.8 barrels of oil per year. Conservation is a big selling point for all homeowners, even those unaffected by the California Energy Commission’s ruling.
“The benefits of solar aren’t just for new home buyers after 2020,” says Shaunt. “More homeowners are choosing to go solar because they’ve experienced significant increases in their electricity rates, and have seen how much their neighbors enjoy the savings and environmental benefits of self-generated electricity. The new state legislation just fuels this existing trend, and as California’s sustainable real estate company, Reeco is thrilled to see more home buyers and sellers save money while living healthier, more sustainable lives.”
Estimate how much money you can save with a
complimentary solar power system through Reeco,
as well as your annual eco-impact.
Baby Boomers—those born roughly between 1946 and 1964—make up one-third of home buyers, according to NAR’s Home Buyer and Seller Generational Trends, and sources estimate that that 41% of all home sellers are at least 55 years old. Yet, this massive demographic often receives less attention from the real estate market and brokers than other age groups, such as Generation X (those born between 1965 and 1984) and Millennials (those born between 1985 and 1996).
As a result, older home buyers and sellers often don’t get the guidance they need when investing in, or divesting of, property. In fact, many people that are entering their golden years feel stuck and locked-in to what they currently have.
Written by Reeco (the sustainable real estate brokerage providing complimentary solar power systems to all home buyers and sellers), this article contains the must-know insights gleaned from our experience working with clients over 50. By the end of this article, you should understand:
- Why many retirees can afford to buy and/or sell a home even if they believe they cannot
- How to move without losing your property tax basis (and avoid being responsible for hefty property taxes)
- Avoid paying taxes on the gain made from the sale of your home
- The things you should consider when researching and viewing new homes
- What retirees have told us is important when buying or selling–things that popular research doesn’t show
Homeowner Finance 101: Class is in Session
Some retirees want to sell their homes but don’t believe that they could afford to purchase their next one in this seller’s market. Others are intimidated by the unfamiliar process of assessing their home’s value or understanding property tax base rules, and believe that they would be on the hook for thousands of dollars in property taxes when moving.
We understand these concerns. Here is what retiree homeowners should know before buying or selling.
1. Transferring your (affordable) property tax base is possible
Property taxes can be a deciding factor for retirees who want to move to a new home. In California, the passage of Proposition 13 (1978) has created a favorable property tax environment for long-term real estate owners because the “assessed value” of their home (which is used for calculating property taxes owed) is often substantially less than the current “market value.”
Many retirees believe that they will lose their current, favorable property tax base and face increases of up to three hundred percent should they move. This deters them from exploring properties that may better fit their updated needs and lifestyle, such as a smaller, more accessible home or one closer to family members.
“When it comes to avoiding property tax increases, retiree home buyers have more options than they think,” says Daniel Shaunt, Broker at Reeco. “Several counties throughout California have established reciprocal relationships that enable retirees to transfer their property tax base when moving between these counties (should they fit certain requirements). This is referred to as ‘Property Tax Portability’.”
As of April 2018, this list includes 11 counties.
- Alameda County
- El Dorado County
- Los Angeles County
- Orange County
- Riverside County
- San Bernardino County
- San Diego County
- San Mateo County
- Santa Clara County
- Tuolumne County
- Ventura County
As of now, homeowners can move within their same county or between any of the reciprocal counties on the list, as long as:
- They are moving from a primary residence to a replacement home
- One of the homeowners is at least 55 years old
- They sell their current home and buy the replacement one within a 2-year period
- The value of their new home is of equal or lesser market value**
(**For more information about this requirement, reach out to a Reeco real estate agent at 877-967-3326 or Contact@GoReeco.com.)
If you are hoping to move to/from a county that is not mentioned above, there’s good news: the list of reciprocal counties may get much larger thanks to California’s Property Tax Fairness Initiative, a proposition that is designed to expand these retiree property tax rules to the entire state. As of April 2018, the initiative has received nearly one million voter signatures in order to qualify for the November 2018 General Election ballot.
“Whether or not the new legislation comes to fruition, many senior homeowners do have options for moving into homes more suited to their changing needs while maintaining their financial independence,” explains Shaunt. “Unfortunately, many senior homeowners aren’t aware of these ‘reciprocal county’ agreements and as a result, may stay in a less than ideal house for them. That is why it is so important to speak to an experienced real estate professional. At Reeco, we specialize in educating retirees about their options and then locating homes that fit their updated criteria.”
2. You can avoid hefty capital gains taxes when selling your home
You probably already know that money made from home sales is taxable, but did you know about these important caveats that could save you thousands?
- Home sellers are eligible to exclude up to $250,000 of capital gains from taxes
- This number jumps to a whopping $500,000 for married couples who file taxes jointly
- For joint homeowners who aren’t married, each can exclude up to $250,000 if they meet all requirements
These exclusions can enable retirees who have benefitted from real estate value appreciation to move without taking a financial hit, which can be particularly important to homeowners on a fixed budget. There are a few requirements to be aware of, though.
- You can take advantage of this capital gains tax exclusion once every two years
- You must pass the ownership and use test: your home must have been your primary residence for at least two of the five years immediately preceding the sale
- The IRS determines the amount you gain for selling your house using this formula: the selling price minus selling costs, deductible closing costs, and your tax basis on the property.
That last point can be confusing for some homeowners. Let’s break it down in an example: Let’s say that you and your spouse, who own your home together and file taxes jointly, want to sell your home.
You haven’t sold a house and taken advantage of the capital gains tax exclusion within the past two years. You also have lived in your home (claiming it as your primary residence) for the past six years. It looks like you can probably claim the capital gains tax exemption on the property in question, and you are eligible to exempt up to $500,000 of your sale gains.
Now let’s break down the numbers to determine how much of your after sale earnings would be taxed. If you jointly bought your home for $200,000 and sold it for $800,000, your profit would be $600,000. Quite a bit over the $500,000 cap, right? Not so fast.
If you contributed $60,000 toward home improvements in order to sell, that is taken into consideration. $600,000 (the sale price) – $60,000 (home improvements) = $540,000. This ending figure is $40,000 over the tax exemption limit, meaning you will only have to pay capital gains taxes on this small amount rather than the entire $540,000.
(There are other factors, that may impact capital gains from a sale and its recommended to consult with a tax professional to better understand individual situations.) All in all, this math lesson demonstrates that in addition to the opportunity to keep their existing property tax base, retirees also have another great option at their disposal should they want to sell their homes.
If you are retiring or have considered moving into a home that is more appropriate for your lifestyle, but believed it to be out of your price range, it’s time to reconsider!
Home Characteristics that Senior Home Buyers and Sellers Are Looking For
It’s safe to say that not all retirees are looking for the same thing in a home. While some buyers are looking to downsize after empty nesting, others are looking to expand into multi-generational homes that can house older children and aging parents. Some sellers are looking to move away after retirement while others want to stay in the same city or county to be close to family.
However, after working with our retiree clients, our Reeco real estate agents have noticed several important insights and trends that you should be aware of before buying or selling your home.
1. Staying near family and friends is important
“Several of our senior-aged clients made it clear that their main priority when moving was to stay near their family members,” says Shaunt. “I think that there is a common misconception that all California retirees want to move to other states. While that is the case for some home buyers and sellers, there are plenty of older Southern Californians who are looking to stay local.
They have family and friends nearby, and they’ve built communities around where they currently live. Retirees don’t want to give this up, particularly at a time in their lives when they may have more free time than before. Should they not have family in the area, however, retirees are more willing to move to be near children and grandchildren, or to move closer to retirement-friendly areas where they can enjoy relationships with people their age.”
These areas tend to be suburban; retirees are not moving to downtown city areas like younger home buyers.
2. They’re willing to downsize… but only at a cost savings
Some retirees are looking for smaller houses–they want less upkeep and perhaps don’t need as much space now that they are empty nesting. Yet, these homeowners are not willing to downsize at all costs. If the decision doesn’t make financial sense, they are fine with staying put.
“Our Reeco real estate agents have found that, should retirees find that they could afford to sell their home in this seller’s market but not buy a desirable home within the same neighborhood, they will stick with their larger home even if they don’t need the extra space,” says Shaunt. “In these situations, they will often adapt their current space for potential future needs. For instance, they will convert former home offices into bedrooms for grandchildren or guest areas.”
3. Features must stand the test of time
Although first-story living may not be a necessity at the moment, it may be in the future when retirees get a little older and less mobile. More home buyers, in anticipation of their golden years will not invest in property that doesn’t have bedrooms, a bathroom, and a kitchen on the first story.
4. The jury is out on fixer-uppers versus low maintenance
As Shaunt explains, some retirees enjoy projects like fixer-uppers, and they are willing to invest the time and effort into customizing their home. “If retirees have time, they sometimes enjoy smaller renovations such as updating appliances or refreshing indoor and outdoor paint, or larger scale projects like replacing the plumbing infrastructure.”
Other retirees crave simple living, meaning no swimming pools, low-maintenance landscaping, and complimentary solar power systems and free electricity when buying with Reeco. Through Reeco’s Free Residential Solar Program, all home buyers and sellers receive a hassle-free solar power system–installed by our experienced installation team.
We handle everything from assessing the proper size of your solar power system to arranging installation so you can receive free electricity. The average Orange County home buyer saves $1,500 per year on their electricity bill and receive nearly $30,000 worth of value!
If you are a retiree homeowner who wants to explore your home buying/selling options, click here to contact your local Reeco real estate agent today!
We can help you find the right home for you, and provide a complimentary solar power system and free electricity.
After married couples, single females make up the largest percentage of American home buyers—15% across all age groups! This figure is even higher among certain age brackets–such as those between 51 and 60 years of age–and is nearly twice the number of single males, who make up just 9% of all home buyers.
If you’re a solo female looking to put down some roots, you’re in great company. Plus, you’ll be happy to know that the market is on your side! The key to finding—and landing—the home of your dreams is to work with a real estate agent who understands the unique needs of single female home buyers, like your local Reeco real estate agents.
Based on our experience, we’ve put together the following buyers’ guide for solo women. By the end of this article, you should know:
- The major motivations behind single female home buyers
- What most solo women home buyers are looking for in a home
- Questions to ask your real estate agent when searching for a home
Why Are More Single Females Buying?
Although pay remains unequal between men and women, the gender pay gap has significantly narrowed within the past few decades. According to the Pew Research Center, the median hourly earning for women landed at $16.00 in 2016, compared to just $12.48 in 1980 (when adjusted for inflation). This means that:
- In 1980, women earned $0.64 for every $1.00 earned by men
- In 2016, women earned $0.83 for every $1.00 earned by men
In fact, data suggests that women today are generally just as likely to hold managerial positions as men (although this can vary widely by industry). Contrast this to 1980, when men were 2x as likely as women to be managers, and it’s plain to see how far women have come in the professional world–and the strides they’ve made in purchasing power. This is a major factor driving the growing trend of single female home buyers.
As more solo women are looking to snap up their dream homes, our Reeco real estate agents have noticed a demand for particular amenities and features. Below are the top five non-decor criteria that single female home buyers look for when buying a home.
Top 5 Things Solo Females Are Looking For in a Home
Townhomes within gated communities, homes with second-story bedrooms, and neighborhoods with low crime rates—these are all ideal options for single female home buyers. “When working with home buyers within this demographic, we’ve found that many prefer an extra sense of security, such as well-lit parking areas or attached garages,” explains Daniel Shaunt, Broker at Reeco. “One of our clients, for instance, wanted neighbors close by and loved a particular townhome community that featured newly constructed units directly side-by-side on well-lit streets.”
2. Minimal Upkeep & Well-Maintained Amenities
Forget fixer-uppers! Solo women tend to want turnkey houses or townhomes that are ready to move in, even if it means that they have to pay a bit more to get it. Additionally, minimal upkeep tends to turn heads, such as homes with easy-to-care-for landscaping or those within HOA communities that offer well-maintained amenities, such as a pool and fitness center.
3. Ideal Location Close to Culture Hubs
“Walkable neighborhoods are top of the list for buyers of all types,” says Shaunt, “but especially for Millennial single females. In our experience, they like to be closer to culture hubs with restaurants, nightlife, and other social scenes, even if this simply means a suburban home within close proximity to a big city.”
4. Pet Friendly
Pets aren’t just for families! Many single people are adding a pet to their household, which often means a greater interest in yards or larger properties where Fido has room to stretch his legs. For some single female home buyers, having a furry friend could also mean that they will pass up townhome communities that don’t allow pets, or don’t have pet-friendly facilities like small parks and grassy areas.
5. Return On Investment
“Buying property in communities that show positive growth for the future tends to be high on the list for single female home buyers,” explains Shaunt. “Purchasing a home is an investment, especially for first-time home buyers, so solo female home buyers prefer to buy in areas that demonstrate great promise. For instance, property values that are trending upwards or highly-rated school systems in the vicinity. That way, if their living situation changes, they can rent out their home in the future or convert their single home into a family home.”
Reeco home buyers also see an additional return on their investment in the form of a complimentary solar power system and free electricity. The average Orange County home buyer receives roughly $29,000 in increased home value–ideal for when they’d like to sell in the future–as well as an average of $1,500 every year in free electricity.
“Whether they buy a townhome or a house, solo female home buyers instantly see great value through Reeco’s Complimentary Solar Program available to all buyers and sellers. With this return on investment, they can feel confident about enjoying their home for years to come.”
Find your dream home now.
Start searching available properties now at GoReeco.com!
You found the perfect home—spacious, ideal for your growing family, located in a beautiful neighborhood… and under the governance of a homeowners’ association (HOA). Is that good or bad? What will that cost you? Should you pass on the property or snap it off the market?
This is a familiar conundrum for many buyers who encounter HOAs for the first time during their home search and aren’t sure what buying a property in an HOA-governed area entails. In this article, Reeco, the sustainable real estate brokerage, will walk you through:
- What an HOA is
- An explanation of typical HOA fees
- Pros and cons of HOAs
- What to expect when living in an HOA-regulated community
- How to become involved in an HOA if desired
- The questions that you and your real estate agent should ask before buying a home within an HOA
- What you need to know about adding a complimentary solar power system—free to all home buyers and sellers who work with Reeco—to your home while abiding by HOA rules
Should you have any questions about HOAs, you can reach a Reeco real estate agent immediately at 877-967-3326 or firstname.lastname@example.org. Now let’s dive into the world of homeowners’ associations and answer some of the most frequently asked HOA questions!
An HOA is a legal body that governs a community, such as a townhouse complex or gated community of homes. Developers typically create HOAs when building these communities in order to transfer management of the community to homeowners after selling a certain number of properties.
In general, HOAs establish and enforce community bylaws, maintain common areas, and provide community amenities. Community bylaws are referred to as covenants, conditions, and restrictions (CC&Rs), and are meant to protect property values for all homeowners in the community and ensure a high quality of life. CC&Rs could include things like:
- Requiring residents to paint their front doors a specified color
- Restricting the types of vehicles that homeowners can park on streets or in driveways
- Requiring lawns and home façades to be maintained to a certain standard
Community amenities and common areas could encompass:
- Swimming pools
- Tennis courts
- Parking garages
- Security gates
Homeowners pay to maintain these amenities through monthly dues, which typically range between $200 and $600 per month. Most of these fees go toward general maintenance and day-to-day expenses, such as operating expenses, utilities, and staff salaries (though HOA dues don’t necessarily cover all amenities, such as garbage services—homeowners may need to pay for those separately, out of pocket). Occasionally, homeowners’ dues will go toward unexpected repairs or infrequent projects such as repainting the clubhouse.
Fees are determined by the HOA board and while some are determined by a vote among homeowners in the community, not all are up for discussion. Still, all homeowners must pay their fees no matter whether they agree with the budget or utilize all facilities.
To get a sense for the cost of HOA dues in your potential housing community, as well as what these dues cover, ask for a printed history of HOA dues throughout the past five to ten years. You may also want to request:
- A list of special assessments that have been made in the past to ascertain how often large or unexpected projects have come up
- An explanation of the process used to determine HOA fee increases
- A schedule of HOA meetings to see if your schedule permits attendance, in case you are interested in going
- An overview of fines and penalties for CC&R violations (it’s best to grab a complete copy of the CC&Rs if possible)
Questions to Ask Before Buying a Home Within an HOA
Reeco real estate agents are trained to ask the right questions when helping clients who are considering purchasing a home in an HOA community. Some examples of questions to ask before you buy a home include:
- Is the HOA managed by residents or a professional outside firm?
- How much are the fees and how often are they due? Have fees increased over time?
- Does the HOA have a reserve fund to handle emergencies or unexpected expenses? If so, what is the current value? (A larger reserve can mean smaller out-of-pocket costs for you and your neighboring homeowners when unexpected projects arise.)
- Are there any big capital expenditures planned for the near future?
- What amenities are offered and managed by the HOA?
- What type of insurance does the HOA carry?
- Are there any pending lawsuits involving the HOA?
- Is there an established process for resolving conflicts between homeowners?
- Are there any outstanding citations or HOA liens for the home I want to buy?
- Can I lease the home to a tenant or make it available for vacation rental?
- Which components of the house, if any, are the HOA responsible for maintaining and repairing (i.e. roof, paint, exterior doors)?
- Can I attend a meeting or obtain a copy of the most recent meeting minutes?
How to Participate in an HOA
In addition to simply attending meetings and voting, all homeowners over 18 can also seek election to the HOA’s Board of Directors, particularly if they are interested in changing the CC&Rs or ensuring that the HOA’s budget is well spent. Typical Board positions are:
- Vice President
Elections are generally held every year, with each homeowner casting a vote for each home they own in the community (one home = one vote). You are free to nominate yourself to the ballot and try to gather votes from your fellow homeowners! Just keep in mind that board members generally aren’t compensated despite the sometimes busy workload.
For many people, though, the work is worth it in order to gain more influence in their community’s management. This could include serious matters such as changing CC&Rs to less pressing matters such as swapping outdated tanning beds for a modern gym that benefits the neighborhood.
Pros of Living Under an HOA
HOAs are great for homeowners who want access to prime amenities—such as tennis courts and swimming pools—that they wouldn’t otherwise be able to afford on their own. And because dues go towards the maintenance and repairs of these amenities, you won’t individually be on hook for, say, fixing a broken pool pump or replacing worn out equipment in the gym. Not being responsible for upkeep can be a major perk for many homeowners!
Additionally, CC&Rs are meant to maintain property values and establish a high quality of life—both good things for you while living in the community, as well as potential selling points if/when you decide to put your property on the market.
Cons of HOAs
An HOA may not be for you if you like to have more control over the look and features of your home, such as paint colors, a xeriscaped lawn, or the ability to own several pets. Also, keep in mind that HOAs can—and most likely will—fine you should you break the rules, which could result in a significant cost. Some HOAs can even foreclose on your home for unpaid fines or dues, which is why it is essential to understand the scope of an HOA’s governance before purchasing your condo or home (tip: an experienced Reeco real estate agent can walk you through the process).
What You Need to Know About Adding a Complimentary Solar Power System to Your Home Under HOA Regulations
Because Reeco provides complimentary solar power systems and free electricity to all home buyers and sellers, many of our clients wonder whether they can take advantage of this perk when living in an HOA community. The quick answer: absolutely!
Although they may regulate certain elements of your complimentary solar system such as size or placement, HOAs in California can’t prevent you from installing a solar power system thanks to the California Solar Rights Act. Our Reeco real estate agents and solar installation specialists possess years of experience navigating HOA regulations, ensuring that your home can receive a complimentary solar power system while abiding by CC&Rs.
Best of all, Reeco’s in-house solar installation team handles everything from designing your custom solar power system to installing the panels. We can even install your complimentary solar power system before move-in so you start saving from day one. Orange County clients typically receive $29,000 worth of value when buying their home with Reeco and getting a complimentary solar power system, and save an average of $1,500 every year on their electricity bills!
Is an HOA Right For You?
Like any form of government, HOAs can either be well-run, effective, and efficient, or poorly-run, bureaucratic, and expensive. Overall, living in an HOA-regulated community is a personal choice—one that should be researched carefully with the help of a knowledgeable Reeco real estate agent, who can indicate red flags and guide you toward the right decision.
Reach an agent now to discuss your dream home and learn more about whether an HOA is right for you!
Or, start searching available homes in your ideal neighborhood!
Living in a walkable area has major perks. People who stroll around their neighborhoods just 30 minutes a day tend to stay fitter and healthier, not to mention significantly decreasing their carbon footprint by doing away with driving (as a real estate brokerage that provides complimentary solar power systems to all home buyers and sellers, sustainable and healthier living is an important part of our initiative!).
With that in mind, we’ve compiled a definitive list of the most walkable cities in Orange County with a population greater than 20,000, ranked by their Walk Score that assesses distance to nearby amenities, population density, and commute.
The median price and average size for the typical 3bed/2bath home has been included for each city, as well as the potential savings that home buyers can expect to receive from a Complimentary Solar System offered by Reeco. All in all, homes within these pedestrian paradises are ideal for young adults, families, and active Baby Boomers—and more affordable than you ever imagined!
In fact, many buyers can purchase their dream home in the following cities for just 5% down or with the help of an FHA loan. Take a look at the 10 hot real estate markets below, and then reach out to your local Reeco real estate agent for more information about available homes in these cities!
1. Santa Ana
Walk Score: 66
Median Sale Price: $550,000
Average Square Feet of a 3bed/2bath Home: 1,297
Average Solar Savings When Buying a Home With Reeco: $1,200/yr
From a vibrant downtown center that is chock-full of restaurants and retail shops, to the Lacy area, which boasts good schools and entertainment hubs, this historic town has a lot to offer those looking to enjoy life on their feet. For instance, head through Artist’s Village throughout the year and experience the Noche de Altares (Night of the Altars), or walk to Memorial Park for some family swimming lessons!
Santa Ana’s walkability is also sure to benefit from the soon-to-arrive OC Streetcar that will link the bustling Santa Ana Regional Transportation Center to a new multimodal hub at Harbor Boulevard/Westminster Avenue in Garden Grove. The OC Streetcar will connect with 18 OCTA bus routes, making it a perfect choice for commuters and school children.
Pair that with a median home price of just $550,000 and potential savings of $1,200 per year with Reeco, and it is plain to see why Santa Ana is one of the most ideal areas in beautiful Orange County for first-time home buyers or growing families.
2. Costa Mesa
Walk Score: 62
Median Sale Price: $760,000
Average Square Feet: 1,536
Average Solar Savings When Buying a Home With Reeco: $1,600/yr
Luxury malls and bohemian anti-malls, bars and family-friendly parks… Costa Mesa really has it all. Sandwiched between Newport Beach and Santa Ana (the most walkable city on our list), this beautiful Orange County city provides plenty of opportunities to run errands, grab groceries, and enjoy the sunshine… all on foot!
For those who prefer the comfort of air conditioning during exercise, South Coast Plaza is a sprawling high-end mall that hosts the likes of Gucci and Coach along with scrumptious restaurants like Seasons 52 and Morton’s the Steakhouse. Enjoy some luxury shopping and people watching while walking to your heart’s content, and then enjoy your new digs at home—just a stone’s throw away!
3. Garden Grove
Walk Score: 61
Median Sale Price: $580,000
Average Square Feet: 1,550
Average Solar Savings When Buying a Home With Reeco: $1,500/yr
Antique shoppers and vintage car enthusiasts, Garden Grove is calling your name. Uncover some great vintage finds on Main Street, which hosts both antique shops and a weekly Classic Car show. Then, stay steeped in history while watching a Shakespearean play at the Festival Amphitheater or take the kids for a picnic in Village Green Park. All in all, Garden Grove has something for everyone… and with an average savings of $1,500 per year when buying a home with Reeco, the city is one of the most affordable pedestrian-friendly areas in Orange County.
Enjoy a stroll through your new neighborhood.
4. La Habra
Walk Score: 61
Median Sale Price: $575,000
Average Square Feet: 1,555
Average Solar Savings When Buying a Home With Reeco: $1,450/yr
La Habra hosts some of Southern California’s most interesting events, from the Annual Tamale Festival to the Spring Family Eggstravaganza, which features a helicopter egg drop. Are hiking and horseback riding more up your alley? Powder Canyon offers beautiful sights, mountain biking trails, and plenty of room to hike with your furry friends.
If that sounds like your idea of home, reach out to our experienced Reeco agents and learn more about how you can save more than $120 per month with a complimentary solar power system and free electricity—just for being our client!
Walk Score: 61
Median Sale Price: $540,000
Average Square Feet: 1,303
Average Solar Savings When Buying a Home With Reeco: $1,200/yr
Although you may not recognize the name now, Stanton won’t remain unknown for long. With plenty of affordable housing (the median home price is just $540,000) and a slew of parks for children and Fido to let loose, the city is an up-and-coming real estate hot spot for first-time home buyers and growing families. An added perk for those who like to stretch their legs: because the city isn’t too large, you may be able to walk the kids to and from school instead of hopping in the car!
Walk Score: 61
Median Sale Price: $629,000
Average Square Feet: 1,335
Average Solar Savings When Buying a Home With Reeco: $1,300/yr
Searching for some authentic Vietnamese food? Look no further than the Little Saigon district of Westminster, which is home to some of the county’s best Vietnamese restaurants serving everything from pho (rice noodle soup) to banh mi (baguette sandwiches). Walk off some of the great eats at the Westminster Mall and Blakey Historical Park and Museum, or check out the Liberty Skateboard Park if you’re feeling adventurous.
7. Fountain Valley
Walk Score: 57
Median Sale Price: $750,000
Average Square Feet: 1,555
Average Solar Savings When Buying a Home With Reeco: $1,600/yr
Snuggled between Westminster, Huntington Beach, and Santa Ana—three cities on our list—Fountain Valley is right in the heart of some of Orange County’s best pedestrian zones. Mile Square Regional Park, for instance, has a lake for fishing and paddle boating, several tennis courts, and nicely maintained jogging and walking paths. If you work up an appetite exercising, stop at one of the restaurants along the outside edge of the park.
8. Huntington Beach
Walk Score: 55
Median Sale Price: $735,000
Average Square Feet: 1,425
Average Solar Savings When Buying a Home With Reeco: $1,600/yr
There is nothing quite like having a beach in your backyard. With a home in Huntington Beach, your door-to-sand commute could be just minutes! This means world-class surfing, swimming, and paddleboarding, not to mention plenty of room for your pups to chase seagulls at Huntington Dog Beach. Head a bit inland and you will hit Huntington Central Park, an expansive 350-acre paradise that is perfect for sunny walks with the kids. Don’t wait to grab a piece of this idyllic Orange County town to call your own.
Looking for your ideal home in a walkable OC neighborhood?
(You will even see your solar savings with a complimentary solar power system through Reeco—free to all of our real estate clients!)
Walk Score: 54
Median Sale Price: $560,000
Average Square Feet: 1,410
Average Solar Savings When Buying a Home With Reeco: $1,300/yr
Home to the happiest place on earth, Anaheim offers plenty of opportunities for pedestrians to explore. Disneyland goers can rack up the miles while getting autographs from their favorite Disney characters, trying the latest rides and games, and chowing down on funnel cake and Mickey Mouse-shaped treats. For the grownups, Downtown Disney features plenty of restaurants and shops to entertain, from Rainforest Café and Naples Ristorante e Pizzeria to The LEGO Store and Sephora.
10. Buena Park
Walk Score: 54
Median Sale Price: $550,000
Average Square Feet: 1,263
Average Solar Savings When Buying a Home With Reeco: $1,200/yr
Disneyland isn’t the only Orange County theme park worth visiting… Buena Park residents have Knott’s Berry Farm in their neighborhood! Spanning a full 160 acres, the amusement park is ideal for pedestrians looking to burn off some energy. Imagine this: staying cool in the summer with the Timber Mountain Log Ride or exploring the 4D world of Voyage to the Iron Reef, an interactive underwater adventure. When you’ve had your fill, you could head to your beautiful home just minutes away.
With a median home price of just $550,000 and a potential savings of $1,200 per year when purchasing your home with Reeco, Buena Park is one of the most promising Orange County cities for home buyers today.
Walk Score: 54
Median Sale Price: $610,000
Average Square Feet: 1,620
Average Solar Savings When Buying a Home With Reeco: $1,550/yr
Although we promised 10 pedestrian-friendly cities, we couldn’t wrap up the list without mentioning this Orange County gem. Coming in at number 11 and tied with Anaheim and Buena Park for a Walk Score of 54, Fullerton features several very walkable college campuses: California State University-Fullerton, Hope International University, and Fullerton College, to name a few.
The town is also an outdoor junkie’s dream with locations like the Fullerton Arboretum and Craig Regional Park, which feature the best that nature has to offer! Like the other 10 cities names on this list, Fullerton is more affordable than many home buyers think. The average home costs just $610,000, meaning that some buyers could put as little as 5% down and/or purchase their dream home with the help of an FHA loan.
All in all, the 11 cities above are great for pedestrians and affordable for OC home buyers.
Then, reach out to your local Reeco agent to set up a walk-through tour.
An expansive lot in Huntington Beach will soon be the site of four beautiful homes, thanks to a recent deal involving Reeco. It was our pleasure to represent the buyer in the purchase of 810 Olive Avenue, an 11,761-square foot corner lot located just steps from the sand and within walking distance to Main Street, Pacific City, and the Huntington Beach Pier.
This ideal property, listed at $3,195,000, features four buildable lots that will soon be developed into beach homes.
If you’re looking to buy your own beautiful beach home in Southern California, grab a free Reeco account to search for available properties now—and see exactly how much you can save with a complimentary solar power system and free electricity just for being our client!
Why Solar Power Can Be Worth Thousands For Home Buyers and Sellers
There is plenty of data out there demonstrating that solar power is better for the environment, but when it comes to the financial savings from solar, many home buyers and sellers struggle to answer the million-dollar question: does a solar power system add value to my home?
Below, we break down the financial impact of adding a solar power system to your home when buying or selling. The numbers may surprise you!
The Simple Answer
Yes, a solar-powered home is a smart financial investment! In addition to helping the environment, installing a solar power system to your house can:
- Save you thousands of dollars when buying your home through Reeco
- Add a valuable asset onto your house
- Make your home more appealing to buyers, causing it to sell faster than a home without solar (ideal for home sellers as well as home buyers who are thinking long-term)
That is music to ears of many home buyers and sellers, but let’s take it a step further. Just how much can you expect to save? And how much shorter will the home selling process be with a solar-powered house?
A Solar Power System Can Help To Sell Your Home 20% Faster
Solar-powered homes are in high demand, especially in geographies like Southern California where thousands of hours of sunshine annually mean plenty of free solar energy for the taking. The Solar Energy Industries Association (SEIA) estimates that sunshine already powers nearly 5 million homes in California, and experts predict that solar energy will grow even more dominant in the near future.
It’s no surprise as to why home buyers want solar power systems on their new homes: California residents pay nearly 41% more on electricity than homeowners in other states, according to the U.S. Energy Information Administration. In fact, 2017 saw several rate increases for Southern California Edison and PG&E customers, with the biggest residential users experiencing hikes of up to 80%.
Solar power can offset these costs. In Orange County, for instance, Reeco clients save an average of $1,500 every year with a complimentary solar power system (Reeco is a sustainable real estate brokerage that offers complimentary solar power systems and free electricity to all home buyers and sellers).
Homeowners receive free electricity every month, which can slash their energy bill or even cover the entirety of their electricity expenses in some cases.
Overall, home sellers who address buyers’ demand for solar power—by working with Reeco to receive a complimentary solar power system when selling, for instance—can sell their homes 20% faster and for 9% more than those offering traditional homes without renewable energy.
How Solar Power Can Save Buyers Thousands When Working With Reeco
Home sellers aren’t the only ones who win with solar. Home buyers receive a complimentary solar power system that is worth thousands!
When buying a home with Reeco and receiving a free solar power system, the average Orange County client receives $29,000 worth of value. This is in addition to the free electricity received every month throughout the life of the solar power system (Reeco and the solar power system manufacturer guarantee performance of our solar power panels for 20-30 years!).
Tip: Looking to buy a home and considering a solar power system? Find out how much more your new house will be worth using Reeco’s propriety Solar Savings Calculator.
The Bottom Line
All in all, solar power adds significant home value, speeds up the home selling process, and provides monthly and annual savings to homeowners. Adding a solar power system to your home when buying or selling can be a solid financial decision, particularly for Baby Boomers on a fixed income and Millennials looking to invest in a resource that will pay out month-over-month for years to come.
Find out exactly how much you will save with a complimentary solar power system.
One of our valued clients is starting 2018 off on the right foot with a lovely new townhouse in San Marcos!
Our experienced Reeco real estate agent team was happy to represent the buyer in purchasing their dream home: a 2-bedroom, 2.5-bath townhouse spanning 1,209 square feet. The property, located at 821 Almond Road in a tranquil residential community, was listed at $420,000. Congratulations to our clients on snatching this beautiful home off the market!
If you are looking to buy or sell a new home in the new year—and receive a complimentary solar power system and free electricity—reach out to our experienced Reeco real estate agents:
- Call us (and immediately reach an agent!): 877-967-3326
- Send us a message online: www.goreeco.com/contact
- Email us: email@example.com
As the real estate brokerage offering the most savings and value of any real estate company in Southern California, we look forward to serving you!
As the real estate market continues to heat up in Southern California, Reeco real estate agents have been busy assisting both residential and commercial clients! Most recently, Reeco represented INVOBAL Corporation in acquiring a 90,000-square-foot shopping center in Whittier. The mixed-use shopping center, which hosts retail shops such as OSH, HomeGoods,Ulta, and Skecher’s as well as restaurants like Rubio’s and Pizza Press, consists of five buildings and nearly 400 parking spaces. The deal closed in December 2017, with CBRE representing the seller, Oppidan Investments Company.
“It was a pleasure to represent INVOBAL Corporation in this transaction,” says Daniel Shaunt of Reeco. “This was a great opportunity for our client to acquire an estimable piece of property that also adds value to Whittier and the surrounding communities.”
In addition to closing commercial deals, Reeco—a full-service real estate brokerage—has made a name for itself across Southern California markets for offering a proprietary solar power program. The company offers complimentary solar power systems and free electricity to residential and commercial real estate clients, delivering the greatest value of any real estate brokerage.
The average home buyer in Orange County saves approximately $1,212 per year in electricity when working with Reeco to purchase their house, and home sellers can sell 20% faster and for 9% more (compared to a traditional, non-solar home) when partnering with Reeco and receiving a complimentary solar power system.
More information about Reeco’s complimentary solar power program and commercial real estate services is available by calling 877-967-3326. Learn more about Reeco and find out how much you can save when buying or selling a home at www.goreeco.com.
Reeco is a full-service real estate brokerage that provides complimentary solar power systems and free electricity to its residential and commercial real estate clients. Reeco’s vision is to offer the most value and savings of any real estate brokerage, creating a more affordable and sustainable real estate experience for each client. Located in Orange County, California, Reeco services real estate across Southern California. Reach an experienced agent at 877-967-3326 or at firstname.lastname@example.org, and learn more about Reeco at www.goreeco.com.
Don’t Waste Thousands of Dollars On Unanticipated Expenses
As solar power becomes increasingly inexpensive and popular, more home buyers are opting for a house that is already equipped with solar panels or choosing to install them after purchasing their home. What some buyers don’t realize is that there can be a big financial difference between the two options—and several potential hidden costs to be aware of.
Below, we explain everything you should consider when making that choice. We also dive into how you can save thousands of dollars with Reeco, the eco-friendly real estate brokerage, by receiving a complimentary solar power system and free electricity.
Hidden Costs of Buying a Solar-Powered Home (With an Existing Solar Power System)
- Taking over the homeowner’s solar panel lease or PPA
Not all homeowners buy their solar power system outright. In many cases, they actually lease the solar panels from a solar power company and pay a monthly premium to use the equipment, though typically the price is the same no matter how much energy is used. Leasing periods can last up to 20 years or more, at which point homeowners typically have the option to buy their leased system.
Another option is a power purchase agreement, or a PPA, which enables homeowners to pay for the energy they use (per kilowatt hour) rather than the equipment.
In both cases, homeowners pay a monthly fee to utilize their solar power systems… and if they haven’t fulfilled the entirety of their lease by the time they sell to you, you will be required to take over the lease. For a lot of home buyers, this additional cost is often a surprise and can be prohibitively expensive.
- Higher home price (if the home sellers own the solar panels)
What about if the home sellers own the solar panels on their home? This can also lead to unanticipated costs for home buyers because sellers usually demand a higher asking price to cover the cost of the solar power system. In general, solar-powered homes sell for 9% more than traditional homes without solar-powered systems—which is great for home sellers, but not necessarily wonderful when you are the one buying.
- Responsibility for damages
If you take over the home seller’s solar panel lease and the panels damage your roof in the future, you may be on the hook for the cost of damages. It all depends on the terms of the lease, which you won’t have control over after assuming responsibility from the previous owner after purchasing the home.
Benefits of Purchasing a Home And Then Adding a Free Solar Power System Afterward
When purchasing a home with Reeco, you receive a complimentary solar power system and free electricity for the life of your system (Reeco and the solar power system manufacturer guarantee performance of the solar power panels for 20-30 years!). This means that you experience the following benefits, financial perks, and cost savings.
- A complimentary solar power system worth thousands of dollars
The average solar power system can cost tens of thousands of dollars, even with incentives from federal and local governments. This means that when you buy a home through Reeco and get a complimentary solar power system on your new home, you immediately receive a valuable appliance that you may not otherwise have been able to afford.
This is great news for your home’s value. Research shows that homes with solar power systems sell 20% faster and for 9% more than traditional houses without solar—great news for when you decide to sell in the future!
- Free electricity every month—possibly enough to cover your entire electricity bill!
Your free solar power system will start paying you back from the day you move in. Every month, you will receive free electricity, possibly enough to cover your electricity bill altogether! Production depends on factors like the size of your system and weather patterns but on average, Orange County homeowners save $101 per month or $1,212 per year on their electricity bills!
Find Out Exactly How Much You Would Save—Try Our Free Solar Savings Calculator!
Keep in mind that because you don’t pay anything for the solar power system (Reeco provides it to you for free, just for being our client), all of this money is essentially profit for you!
- Extra cash from reselling surplus electricity to the grid
Should your complimentary solar power system produce more electricity than you use, you can sell this surplus back to the grid and earn money that can go toward a vacation fund, student loans, or your mortgage. It is just one additional perk to already receiving free electricity every month!
- Subtly convincing your neighbors to go solar as well
Having a solar system on your home makes your neighbors nearly 50% more likely to go solar as well. Who knew that by buying your home through Reeco and receiving a free solar power system, you could subtly influence your neighbors to be more environmentally-friendly and financially conscious as well?
- Saving the environment
Last but not least, partnering with Reeco to purchase a home without a solar power system and then receiving complimentary solar ensures that there is one more home out there producing clean energy. Solar power is a clean, renewable energy source that has dozens of eco-friendly effects! On average, an eco-friendly homeowner in Orange County who worked with Reeco will (every year):
- Save 27 trees from being cut down
- Stop 10,530 pounds of carbon dioxide from entering the atmosphere
- Preserve 4.1 barrels of oil
- Prevent the equivalent of 4,111 miles of automobile pollution
Making An Informed Decision For Your Dream Home
Due to the information above, when buyers are faced with the option to purchase a house that is already solar-powered or buy a home and then receive a complimentary solar power system, we typically recommend that they pursue the latter option. It can be a much more financially stable decision and one with great environmental benefits as well—ideal for any type of home buyer, but particularly first-time owners who have the opportunity to take advantage of their long-term investment.
We are happy to discuss what is best for your particular situation and how to find your dream home. Call 877-967-3326 or click below to reach an agent directly with your questions or concerns about purchasing an eco-friendly home!
If you’re considering an environmentally-friendly house for your next home, you probably have a lot of questions: Will you save money? How does an eco-conscious home help the environment? What features and red flags should you be on the lookout for? We’re providing all the information you need to know in this brief buyers’ guide, so you can feel confident while looking at eco-friendly homes for sale.
Why Eco-Friendly Homes Are Better (For Your Wallet and the Environment)
Eco-conscious homes like houses with solar power systems are increasingly popular year over year because they not only enable homeowners to decrease their environmental footprint, but also save money on electricity, water, and other natural resources.
In fact, over 25 years, a large home’s solar power system can prevent enough CO2 emissions to equal 10 football fields of trees! Find more mind-blowing statistics about the green homes and living sustainably at our blog article here.
For value-seekers, environmentally-friendly homes can save homeowners tens of thousands of dollars over the lifetime of their solar power systems. Reeco offers complimentary solar power systems to home buyers and sellers and guarantees system performance for at least 20 years*, meaning that homeowners can start saving immediately and enjoy free electricity for decades. Perfect for first-time homeowners and those on a fixed income!
Home buyers, sign up for a free Reeco account to search available homes, save searches, and receive alerts when new homes hit the market. It’s the perfect way to find eco-friendly homes for sale in your area.
What to Look For When Evaluating Eco-Friendly Homes
Every home buyer has their own particular dream home criteria in mind, but here are a few things to be on the lookout for when evaluating eco-friendly homes for sale:
- Does the home already have eco-friendly amenities or the potential to add them in, such as installing a water-saving dishwasher?
- Will you be responsible for installing a solar power system, or does that responsibility fall to the home seller or real estate company? (Note: Reeco provides complimentary solar power systems and takes care of installation so you don’t have to. Learn more here.)
- Do the green appliances and features come with warranties or maintenance contracts? For instance, is your solar power system guaranteed for a certain number of years?
Potential Red Flags to Beware Of
Sometimes unsavory real estate brokerages can take advantage of home buyers searching for eco-friendly homes for sale. If you notice any of these red flags, it could be time to get a second opinion:
- Hidden fees popping up throughout the homebuying process
- No guaranteed lifespan for your solar power system
- Real estate agents that aren’t upfront about the buying process and don’t treat you like their #1 priority
Reeco is proud to be a “Client-Centric” brokerage committed to placing our clients’ interests first and delivering to them the greatest value in the industry.
We also partner with top-producing agents employed by other brokerages in order to meet the demand for our services across a large geographic area. Our Partner Agents are integrated team members that deliver Reeco-caliber customer service and believe in our company vision and values.
Both Reeco Agents and Partner Agents are local market experts, driven by their passion for client service, adding value to every transaction, and promoting environmental sustainability.
Learn more about us at GoReeco.com. Then, enroll in a free Reeco account to view our network of available homes, estimate your savings with a complimentary solar power system, and receive alerts when new property is available!
*Conditions apply. Please see warranty for more information.
With all of the information out there about eco-friendly homes, it’s difficult to know what is correct and what is a plain untrue. We’re cutting through the clutter to demystify the top 5 myths about sustainable houses, so you can feel confident buying a home that reduces your carbon footprint.
1. Eco-friendly homes are too expensive
Although it is true that building an environmentally-friendly home from the ground up can be costly, there are plenty of options for making your existing home—or the one you are looking to buy—more eco-friendly without breaking the bank.
For example, at Reeco we provide free solar power systems to all home buyers and sellers, enabling them to enjoy free electricity for life while minimizing their environmental footprint. Every complimentary solar power system saves trees, oil barrels, CO2, and car pollution, and these savings are actually tracked so that homeowners can see their environmental impact in real time.
Additional affordable options for making your home more eco-friendly include installing low-flow toilets and showerheads, and investing in bamboo for hardwood flooring rather than timber.
2. There is no easy way to turn your dream house into an eco-friendly home if it’s not already sustainable
When searching for a new home, some buyers feel like they have to decide between an eco-friendly home that is good for the environment and one that fits their other “dream home” criteria. The truth is that you can have the best of both worlds!
With Reeco, it is easy to have a complimentary solar power system added to any home of your choice before you move in. This means that you’re free to find the perfect home that fits your needs, without worrying about the environmental impact.
Learn how much you can save your wallet and our environment by adding a complimentary solar power system to your new home. Sign up for a free Reeco account and use the proprietary solar calculator!
3. Environmentally friendly means cutting down on modern amenities
Switching off the tap, shortening shower times, turning lights off—we tend to think about conservation as using less. However, being environmentally-friendly doesn’t mean cutting down on modern comforts.
For example, simply modifying certain amenities like switching out traditional incandescent lightbulbs for energy-efficient ones (halogen incandescent bulbs, CFLs, and LEDs) and weatherstripping windows can save the environment and your wallet without requiring less energy usage.
4. Eco-friendly homes don’t have a huge environmental impact anyway
EnergySage also reports that the same 5-kilowatt solar power system mentioned reduces carbon emissions by 4.9 metric tons per year—roughly equivalent to the amount of smog produced by a standard vehicle!
5. The savings from eco-friendly technologies don’t outweigh the installation cost
This is a common concern among environmentally-conscious homebuyers, especially those with limited incomes. Fortunately, there is plenty of data available to support the fact that eco-friendly technologies, such as solar power systems, can save homeowners a significant amount of money.
According to EnergySage, the average family in California can save more than $28,000 in a 20-year span using a 5-kilowatt solar power system. Reeco’s own data has found that the average homeowner in Orange County can save more than $35,000 in electricity bills over 30 years (and we guarantee our solar power systems to last at least that long!).
Reeco’s Solar Savings Calculator displays exactly how much you’ll save on every eco-friendly home. Sign up for a free Reeco account and search available homes and savings!
Imagine someone offered you a check for $3,000. Wouldn’t you take it? Most people would and yet, all too often, homeowners (or even home buyers and home sellers) fail to take advantage of green home design strategies that could save them thousands of dollars over the long run. Don’t let money slip through your fingers—implement these green home design ideas now.
Install Low-Flow Fixtures and Appliances
Heating water is one of the biggest drains of energy in your home—it eats up nearly 20% of the average residential utility bill, according to Energy.gov. Use less hot water by installing low-flow fixtures like showerheads and sink faucets, as well as replacing inefficient washing machines and dishwashers with newer, eco-friendly models. You probably won’t even notice you’re using less water until your utility bill gives you sticker shock (in a good way).
Bonus green home design tip: Fix leaky faucets and pipes. You can save up to $35 per year just stopping small drips.
Strategically Place Windows and Shades
If you live in a notoriously sunny area like Southern California, then placing a line of windows on the eastern and western sides of your house will keep your thermostat creeping up throughout the day, increasing your air conditioning costs during the hot months. Keep this in mind while building or renovating your home, when you have the ability to invest in green home design ideas and strategically place windows. Or, invest in window shades for particularly sunny spots if necessary.
Take advantage of nearly year-round sunlight when buying your next home. With Reeco, you’ll receive a complimentary solar power system and free electricity for life. Grab a risk-free Reeco account to see your savings now.
Another green home design strategy for blocking out the sun: planting trees around the perimeter of your home. The Arbor Day Foundation reports that correctly placed trees can reduce summer air conditioning expenses by up to 35%.
Insulate Doors, Windows, and the Attic
Areas that aren’t properly insulated could cost you hundreds of dollars in wasted air conditioning and heating. Combat this by adding weather stripping to doors and windows and investing in better attic insulation.
Program Your Thermostat
Leaving your thermostat one degree cooler during winter (or warmer during the summer) on a consistent basis decreases your energy bill by 1-3%. Therefore, program your thermostat to maintain a consistently cooler temperature. Out of sight, out of mind, and more money back in your wallet.
Get a Free Solar Power System
Hands down the best green home design idea, installing a solar power system on your home can easily save you thousands on your electricity bill every year while also increasing the value of your home… not to mention the environmental benefits of an eco-friendly home.
As more people look for ways to live green and have a smaller environmental impact, homeowners, buyers, and sellers have realized the appeal of sustainable real estate. Below we have answered some of the most common questions on the topic so you can decide whether an eco-friendly home is right for you.
First things first: What is sustainable real estate?
Simply put, sustainable real estate refers to environmentally-conscious buildings and properties. In a residential area, this typically means eco-friendly homes that use resources efficiently and have a minimal impact on the environment, such as houses that:
- Are made with sustainable and/or recycled materials
- Feature water-saving elements like tankless water heaters, low-flow showerheads and toilets, and drought-tolerant yards
- Have solar power systems to produce clean energy that doesn’t rely on burning fossil fuels
These eco-conscious elements can not only preserve resources like water, petroleum, coal, and trees, but they frequently save homeowners hundreds or even thousands of dollars per year. In fact, home buyers and sellers who work with Reeco receive a complimentary solar power system and free electricity every month for the life of their system.
The average Orange County home buyer who works with Reeco saves an average of $101 per month, or $1,212 per year. This adds up to more than $35,000 saved over the course of 30 years (and we guarantee our solar power systems to last at least this long)!
What should buyers look for when assessing sustainable real estate?
Be on the lookout for homes that already have eco-conscious elements in place—things mentioned above like water-conserving appliances, drought-tolerant yards, etc.—or have the capability to become more sustainable.
For instance, even if a home doesn’t yet have a solar power system installed, with Reeco you can add one onto the roof before move-in. Home buyers, grab your free Reeco account now to see how much you will save on your dream home with a complimentary solar power system.
This means that you don’t have to choose between living in the house of your dreams, helping the environment, and saving money on your electricity bill.
Why should sellers care about making their homes more sustainable?
Even if you aren’t planning to stay in your current home, making it more environmentally-friendly can result in a large payoff for you. Homes with solar power systems tend to sell 20% quicker and for 9% more money than houses without solar, on average.
That’s right—as soon as you add a solar power system to your home, its value and appeal increases. Sustainable real estate is in high demand! Home sellers can also receive a free solar power system on their next house by working with Reeco, meaning that they can lower their environmental footprint as well.
Are there any red flags to watch out for when it comes to sustainable real estate?
Unfortunately, not all “green” companies are honest. Some take advantage of their audience’s lack of knowledge about sustainable real estate, while others hit clients with hidden fees or charges later in the process. Always do your research when choosing a company to partner with to ensure that they have your best interests in mind.
At Reeco, we sit down with each and every client to discuss exactly how the solar power installation process works, how we can afford to install free solar power systems, and why we’re committed to saving our clients money while saving the environment.
Buyers, start searching for your dream home today using a free Reeco account. You can save searches and receive emails about the latest listings, as well as gain exclusive access to our Solar Savings Calculator.
Sellers, receive a free estimate of your home’s increased worth and sustainability with a complimentary solar power system through Reeco.
You’ve probably heard that eco-friendly homes can significantly reduce your impact on the environment, but what does that mean? Exactly how are they better than traditional houses? Read on to find the answers to these questions, discover 6 ways that eco-friendly homes benefit the environment, and learn how to receive a complimentary solar power system on your next home!
- Reducing carbon emissions
Houses with solar power systems, like all homes bought and sold through Reeco, produce much less carbon dioxide (CO2) than the average residence—if any at all. Rather than using electricity produced by burning fossil fuels like coal, which results in carbon dioxide flooding the atmosphere and warming the earth, solar power systems generate power using sunlight. Essentially, eco-friendly homes produce clean energy and minimize carbon emissions that damage the environment.
- Offsetting car pollution
EnergySage reports that a 5-kilowatt solar power system can save approximately 4.9 metric tons of carbon emissions—the amount that a standard car produces in one year! In that way, every eco-friendly home with a standard sized solar power system offsets one car being on the road for 12 months.
In fact, Reeco’s solar power calculator displays exactly how much car pollution each solar power system saves per year. Home buyers, check out available homes and their solar power impact by grabbing your free Reeco account here. Home sellers, click here to receive a free estimate of your home’s value and eco impact.
- Absorbing the CO2 equivalent of several dozen trees
Because solar power systems reduce the amount of carbon dioxide entering the atmosphere, eco-friendly homes basically help trees do their job. For instance, as mentioned above, the average 5-kilowatt solar power system prevents nearly 5 metric tons of CO2 from entering the atmosphere. This is equivalent to the amount of carbon dioxide absorbed by a few dozen trees!
- Using less oil than homes that aren’t eco-friendly
Americans consume roughly 19 million barrels of petroleum products per day producing electricity, heating buildings, and driving cars. Solar power systems on residential, eco-friendly homes can reduce this figure by both circumventing the need for oil to create electricity and eliminating the fuel used to transport oil around the country.
- Easing strain on the electric grid
Though not necessarily an environmental benefit, solar-powered homes lighten the burden on the electric grid and decrease the odds of large brownouts or blackouts. They also work during severe droughts or heat waves, so you never have to worry about having electricity in times of need.
- Protecting natural resources and your health
Traditional means of generating electricity result in harmful chemicals—such as nitrogen oxides, sulfur dioxide, and soot pollution—spewing into the air and water. These chemicals contribute to a slew of health problems ranging from asthma and chronic bronchitis to premature death. The chemicals mentioned above can also mix with water in the atmosphere, resulting in acid rain that pollutes the ground and bodies of water. Overall, solar power systems and eco-friendly homes are cleaner for the earth and better for your health.
Home buyers, discover the amount of oil, trees, and CO2 emissions you can save with a complimentary solar power system on your next home—sign up for a free Reeco account now.
Home sellers, learn what your home would be worth and how you can help the environment when selling—get a complimentary home value estimate from Reeco.
Many eco-conscious Southern Californians want to live greener but aren’t sure how. If you find yourself in that group, Reeco has you covered: we’ve compiled a short guide of green home design strategies that can be implemented during home construction or in existing homes. Read through the list below to learn how to live more sustainably!
Green Home Design Tips to Implement During Construction:
Create a drought-tolerant yard
Water can be a scarce resource in California, especially during times of drought or unusually hot summers. Be proactive and cultivate a drought-tolerant yard with plants such as:
- Russian sage
- Drought-tolerant grass varieties
With the right type of foliage, it is possible to still have a stunning yard and garden while also respecting the environment. (A smaller water bill never hurts, either.)
Note: While it is great to plant a drought-tolerant yard while designing or building your home, homeowners can always overhaul greenery after the fact. It’s never too late to be eco-friendly with a few green home design modifications!
Invest in sustainable materials
Building with lower-quality supplies can save money in the short term, but investing in high-quality and eco-friendly home materials is much more cost-effective over the long run and better for the environment. Consider using bamboo hardwood or ceramic flooring rather than linoleum or traditional carpeting, for instance, and brick or stone walls rather than timber.
Switching out just one environmentally-harmful material for an eco-friendlier one can have a huge impact on your home’s overall sustainability.
In the market for a new home? Use Reeco’s solar calculator to estimate how significantly you could help the environment with a complimentary solar power system on your new home—sign up for a free Reeco account now.
Use reclaimed or recycled materials whenever possible
If you do decide to go with materials that aren’t as eco-friendly, you can still improve the sustainability of your home by purchasing reclaimed or recycled materials. For example, demolished homes are a great source of hardwood for flooring or furniture, preventing the need to cut down more trees to supply “new” timber.
Green Home Design Tips to Implement in Existing Homes:
Utilize a home composting bin
According to Eartheasy, one-third of the waste sitting in landfills could have been composted. In fact, adding a compost bin in your home can cut your household trash by 30%! Look into purchasing or making your own compost bin, and then start diverting table and yard scraps from your trash can.
Leverage your roof for clean energy
Southern California is warm and sunny nearly all year round—take advantage of this by getting a complimentary solar power system when buying or selling your home. Unlike electricity produced by burning coal and oil, solar power creates clean energy that doesn’t pollute the atmosphere or damage public health.
Home sellers, your home could sell 20% faster and for 9% more with a complimentary solar power system—not to mention you’ll be significantly helping the environment. Receive a free estimate of your home’s increased worth with solar!
If you have decided to purchase your first home, congratulations! It is an exciting step in life and today’s real estate market has never been more full of potential, especially for buyers looking for beautiful homes with a minimal environmental impact. Read on to learn about sustainable real estate and discover the top 4 reasons why these kinds of homes are perfect for first-time homeowners.
1. Energy costs are rising
Edison Electric Institute reports that electricity costs are increasing by 2.5% every year. These increases may hit Southern Californians particularly hard because of the frequent warm temperatures, which lead to hefty air conditioning usage and higher electricity bills.
For first-time homeowners who now face the prospect of paying significant electricity bills to power entire homes rather than apartments or smaller townhomes, sustainable real estate can be the ideal solution.
2. Eco-friendly technologies like solar power systems are more affordable than ever
It is a great time to invest in sustainable real estate—eco-friendly technologies such as solar power systems are incredibly affordable, thanks to lower installation prices and incentives for clean energy systems. This enables Reeco to offer home buyers and home sellers complimentary solar power systems that provide free electricity for the life of their systems.
First-time homeowners in particular can hugely benefit from this price drop. Home buyers, grab a free Reeco account to use our proprietary solar calculator—it displays exactly how much you can save on each potential dream home with a complimentary solar power system.
3. Any home can receive a solar power system
Whether first-time homebuyers want a smaller starter home or one with plenty of room for a growing family, they can transform their first home into sustainable real estate. This means that they can still land the property of their dreams while benefiting the environment and saving money.
Best of all, because Reeco is a sustainable real estate expert, we install all solar power systems right after escrow, eliminating the hassle of construction after move-in and ensuring that home buyers can receive free electricity from day one.
4. Sustainable real estate is a long-term investment
Solar power systems have a long life. At Reeco, your solar power system is guaranteed to last at least 30 years! Over those three decades, homebuyers can save more than $20,000 and have a significant impact on the environment in the form of preventing harmful emissions, among other things.
Of all buyers, first-time homeowners are perfectly positioned to see this full return on their investment in sustainable real estate because they are likely to stay in their first home for a lengthy period of time. Additionally, adding a solar power system instantly increases a home’s value, which means that first-time homeowners can receive more money if/when they do decide to sell down the road.
Search available homes right now—and see how much you will save with a free solar power system—using a Reeco account. Try a free account here!
Houses with living roofs, pod homes, tiny houses…if you have ever looked into green homes for sale, you may have found that there isn’t just one type of environmentally-friendly abode out there. We’re exploring a few of these various green houses below, as well as outlining points to consider as a home buyer. Read through and find the right one for you!
Shipping Container Homes
People are getting creative with those big metal rectangles that cargo ships use to transport products overseas. Some homeowners make do with one container, while others use several to build multi-story container homes with several bedrooms. The appeal is in the cost—this type of green home for sale can cost just $15,000-$20,000 on the low end—and the ability to use fewer natural resources, like trees, for construction.
Fitting For: These green homes for sale often appeal to value-seekers who don’t mind doing their homework about construction, and living in a somewhat unconventional way.
Things to Consider: Mid- and large-sized container homes often require permits. Additionally, shipping container homes aren’t necessarily realistic for all geographic areas, and many must be constructed from the ground up.
Is a shipping container home not for you? Sign up for a free Reeco account to search beautiful homes on the market now, receive alerts about new properties, and calculate your savings with a complimentary solar power system.
Another trendy type of green home for sale, tiny homes are just what they sound like—micro homes that are typically smaller than 400 square feet. Some homeowners prop them on trailers, enabling them to be pulled behind cars for a mobile existence. Overall, tiny homes promote using fewer resources such as water and electricity, and taking up less space.
Fitting For: People who don’t mind living very simply and without extra space, and homeowners who prioritize mobility over spacious comfort.
Things to Consider: Zoning laws frequently prohibit tiny homes, as houses must often meet certain size requirements. Abiding by building codes, such as ensuring a certain amount of distance between fixtures, can also be a challenge due to space restrictions. Finally, tiny homes can be less secure especially when propped on wheels, which increases the chances of theft.
Homes with solar power continue to increase in popularity as the price of solar installation decreases and the interest in living sustainably skyrockets. In fact, more than one million homes now feature solar panels, according to The Wall Street Journal. One huge perk: unlike tiny homes or those made out of shipping containers, any home can become a solar-powered home with the addition of a solar power system on the roof—immediately increasing its value and sustainability.
Fitting For: All types of homeowners looking to purchase green homes for sale, particularly those looking to decrease their impact on the environment and save money. Over the course of 30 years (the guaranteed lifetime of a solar power system installed through Reeco), homeowners can save tens of thousands of dollars, hundreds or thousands of trees, and prevent a significant amount of carbon emissions that damage our atmosphere.
Things to Consider: Reeco offers complimentary solar power systems to all home buyers and sellers, meaning they receive free electricity for life and can live more sustainably in the process.
Home buyers, don’t just limit yourselves to green homes for sale—find your dream home and then make it eco-friendly with a complimentary solar power system! Sign up for a free Reeco account to search available properties today.
Home sellers, a complimentary solar power system from Reeco can help you sell 20% faster and for 9% more. Click here to get a free estimate of your home’s increased value with a solar power system.
Great news for the solar industry, the White House wants to expand people’s access to solar energy. According to an article published by engadget.com, the White House wants to broaden the solar industries reach even further. It states that ” To start, the government wants to install 300 megawatts of solar and other types of renewable energy in places with federally subsidized housing”. The government has partnered with companies and organizations to create more job opportunities as well. This is great news not only for the renewable energy industry but for the people of this beautiful country.
There is a need for renewables in this country, not only to ensure a sustainable future but also the industry creates many jobs for our economy. With new technologies and the demand for renewables growing every year, this will lead to great things for our economy and our environment for generations to come. I am happy to see that the White House is seeing this industry as a priority and doing everything they can in order to keep this progressive industry around for years to come.
We at Reeco feel that renewable energy should be a necessity on EVERY home, not an option. This is why we created Reeco Homes. Reeco Homes gives Free Solar power to EVERY home buyer and seller. Just as the White House see’s renewable energy as a priority, so do we at Reeco. We are dedicated to making home ownership more affordable and allowing every home buyer and seller to contribute to a sustainable future by producing Free and clean energy from Solar. Reeco Homes is the only full-service real estate brokerage that gives Free Electricity to home buyers and sellers.
It’s initiatives like Reeco’s and the one’s the White House is taking in order to educate our people about the importance of the renewable energy industry and provide these great technologies for everyone across the country. As the technology continues to advance, the costs of these technologies will continue to come down which will make it even more affordable than it is today. Raising awareness and creating programs that allow anyone and everyone to tack advantage of renewable energy will ensure that our country remains at the forefront of sustainability for a better tomorrow.
To learn more about the White House and the details of their program visit their website here: https://www.whitehouse.gov/the-press-office/2015/07/07/fact-sheet-administration-announces-new-initiative-increase-solar-access
Read the engadget.com article here: http://www.engadget.com/2015/07/08/white-house-solar-initiatives/
To learn more about Reeco Homes visit ReecoHomes.com. The new way to buy and sell homes, Sustainable Real Estate.
Here’s an article from Airtalk that weighs in on the housing market halfway into 2015. According to the national association of realtors: “The housing market is continuing to rebound. First time home buyers helped fuel housing sales in May to the highest rate in six years”. It is also mentioned that in Southern California, the market for home buyers has also made a strong comeback.
There are concerns in regards to the housing supply. If you are in the market to buy a home, you know how low supply is. This low supply is accompanied by a high demand. High demand during low supply means higher prices for those looking to sell their homes. This is good for sellers as they are able to sell their home at a desired price but it has created hesitation for renters as they are struggling to save at the same pace of rising home prices.
With rising interest rates looming ahead in the future, I believe that if you can afford to buy a home, now is better than later. Rent rates will continue to rise and may rise beyond affordability, putting pressure on those who have been renting for a while to pull the trigger. For the next couple of months I feel there is going to be a solid summer home-buying season. Floor calls, listing appointments and open house traffic were all up in May showing signs that people are looking to buy this summer. Time will tell what the market will look like for the remaining of 2015 but I expect a similar market or even better market conditions for the rest of 2015 and heading in to 2016.
Read more about the housing market here.
An article posted by the LA times states that the month of May was a good one for the Southern California housing market. It’s been the best May since 2013 according to a new CoreLogic DataQuick. A total of 21,644 new and existing homes and condos sold in the six county region of Southern California. The data report is showing that it is a sign of at least a “normal” housing market, good news for the people of sunny Southern California.
There are fewer distressed property sales, foreclosures, and all-cash purchases in the region as a whole which is a good sign for the housing market as it continues to slowly continues to head toward normalcy. The local economy and job growth has much to do with this edge in the market, as this will continue to allow for a strong housing demand.
One important factor in keeping this edge towards a normal housing market is interest rates. If the rates remain steady then this will allow for the buyers and sellers to remain active. For Southern California as a whole, median housing prices rose slightly but still fell short from it’s peak in 2014. All in all, these are good signs for the housing market in Southern California, but there are many pieces to the puzzle that keep it in place.
Click here to read the full article.
A recent study conducted at the University of Texas in San Antonio found that while environmental concerns influence home buying decisions to an extent, most prospective buyers care more about features that will save them money. In the info graphic provided, you will see how eco-features impact home sales. It clearly shows that these eco features really aren’t a huge deciding factor for prospective buyers, but what isn’t exactly clear is how this study was conducted. For example, it shows that energy efficient windows is a plus but doors is negative. These two should go hand in hand as they are both big factors in insulation and energy conservation, which ultimately results in saving money, right? And the solar/wind statistic. Aren’t the majority of people that are installing wind and solar systems on their homes doing so in order to save money? Ya, its great to be sustainable and eco-friendly but Im going to speak for the majority of people who convert to renewables like solar energy and say they made the transition solely based on the fact that it saves them money. So take this study with a grain of salt and also keep in mind where you live. For example, rain catchment would be a huge plus for people living in Seattle or Washington State, but for people living in Southern California, not so much. All opinions aside, I will say that I don’t agree with one particular statistic provided in this study, and that is the solar statistic. Is my opinion biased? Yes of course, but let me explain to you how Reeco’s Free Solar program can drastically change this statistic and take solar as a low priority to a must have priority for money saving house hunters.
Reeco Saves Home Buyers a lot of Money!
As a home buyer, its tough to find your dream home already equipped with a solar system. Most home buyers will be willing to pass on a home that has a solar system for their dream home with no solar system. But what if you could make ANY home a solar home? What if you could equip your new dream home with a FREE solar system that will produce Free electricity and save you money INSTANTLY? Well, now you can, with Reeco.
Reeco is a full service real estate brokerage that gives Free Solar power to home buyers. Whether you’re into being green or saving green, Reeco allows you to do both. Reeco agents will get you the best deal on your purchase and then we install a solar system on your newly purchased home. If you’re into saving money, Reeco sets out to provide home buyers with a solar system that will offset up to 100% of their electricity usage. Imagine never having to pay for electricity again! No payments, no lease, nothing, a truly Free solar system. Talk about saving money. The environment wins as well. The solar system contributes to a sustainable future by producing free and clean energy for years to come. With a Free solar program likes Reeco’s, I think home buyers will start thinking a lot differently about eco-friendly features during house hunting. So if you’re into saving money, solar is actually a great eco-friendly/MONEY SAVING feature and Reeco’s got you covered.
To learn more about Reeco visit ReecoHomes.com
This recent article by the Huffington post is interesting. The state of California has decided to give Free Solar power and systems to low income residents. This is a huge step forward for the state and the solar industry. There are so many benefits solar power has to offer and this is the best example.
Solar power is not only great for our environment and lessening our carbon footprint, but has HUGE financial advantages as solar saves people a tremendous amount of money every year. Reducing energy costs for families allows for more money to be in their pockets and a better sense of financial security. The money these families are saving will allow them to have money for food, clothes, medical expenses. What a huge step for California keeping the welfare of this citizens as their priority all while creating a sustainable future for generations to come.
Reeco’s Free Solar program Shares the same Vision:
Reeco’s Free Solar program gives Free Solar Power to ANYONE who buys or sells a house with Reeco, that means ANYONE, low-income or high income. Who doesn’t like to save money these days? With the inevitable rising costs of electricity and concerns of pollution, Reeco is the most affordable and sustainable for anyone way to buy a home. We are dedicated to saving people money and saving our environment, and our Free Solar Program does just that. It’s truly comforting to see State officials thinking and implementing the necessary change that needs to happen, a change Reeco has been dedicated to. Just as this program the state has launched, Reeco’s Free Solar Program alleviates the financial burdens of installing a solar system. On an average home, a solar energy system can cost $15,000 or more. This cost is completely eliminated for everyone who buys a home with Reeco. In the market to buy or sell a home? Wants to save money AND the environment for Free? Well look no further, Reeco Homes will do just that for you. We call it “Reeco Friendly”-Saving you money AND the Environment.
To learn more about California giving Free Solar Systems to low income houses click the link below:
These days, home buyers are demanding sustainability. Sustainable technology demand is growing and being incorporated more and more in new and existing homes. So what is Sustainable Real Estate exactly? Sustainable Real estate is the attempt to combine sustainable values with Real Estate & Real Estate development. These sustainable values are necessary for the future of our planet and are being adopted by more people than ever.
Sustainable technology comes is many different forms: Solar Energy, Wind Energy, Water Conservation technologies, battery technology for energy storage/backup power, and Hydro Power. The most common form of sustainability being used by people today is the increasing popularity and demand for rooftop solar. Rooftop Solar Systems allow homeowners to produce their own clean energy while being less dependent on local grids for power. This technology results in great things for both the consumers and the environment; Immediate electricity savings and contribution to a sustainable future. Global Sustainability will be a slow process and will not happen over night. It is important that these sustainable values be considered by not only developers and businesses, but by current and future homeowners as our economy and environment rely on it.
Reeco holds these sustainable values close to heart and it’s what created our Free Solar Program. We believe that Rooftop Solar should be a necessity, not an option, and that’s why we promise a Free Solar System on EVERY home purchased with Reeco. We take a small step towards a sustainable future with every house sold. With Reeco, there is one more home with a solar system producing clean and Free Electricity. There is one more house that is less dependent on the local grid and less toxic to our environment. Our Free Solar program also allows consumers to save thousands of dollars. With Reeco, the electricity the solar system produces is ALL YOURS, meaning you save money the second you move in. Our Free Solar program also creates a easier opportunity to take advantage of new and upcoming technology like lithium ion battery backup power and energy storage. Whether solar power and other renewables are on your checklist during your home search or down the line after you purchase your new home, don’t wait to be sustainable. Make ANY home a solar home for FREE with Reeco. Reeco is the most affordable and sustainable way to buy a home and we invite you to take advantage of our amazing program. Sustainable technology is the future. I encourage you to learn more about our program and ALL of the amazing benefits sustainable technology has to offer consumers and our environment.
Learn more about Reeco’s Free Solar Program:
Great Blogs about Renewable Energy and Sustainable Technologies:
“The thing that I champion is sustainability. My terror is that suddenly we see it as a luxury, not an essential. That’s a danger.”- Kevin McCloud
Being that Reeco is based in Southern California and shares the same vision found in the new sustainable city plan of Los Angeles, we took a look into the goals set forth by the Mayor and the city of LA. The sustainability plan initiated by Mayor Garcetti and the city of Los Angeles sets some ambitious goals. This type of forward thinking leadership is a great start and something that other cities and states should pay close attention to.
The new sustainability plan is a true effort to transform the city into a renewable metropolis rather than an overheated desert island that it portrays today. The city of Los angeles plans to add another half a million residents by 2035, the plan puts environmental, economic, and equality issues on the front lines in order to help determine the trajectory of the beloved city. According to Mayor Garcetti himself he says:
“Our first ever sustainability plan details actions we must take in the coming months and years to secure a future for L.A. that is environmentally healthy, economically prosperous and equitable in opportunity for us all,” Mayor Garcetti said. “My back to basics approach is about making sure our city has the strong foundation it needs to soar to new heights.”
Given the ambitious goals of the plan, its not the idea and planning that is key, its the implementation and getting the people behind this plan that will determine its fate.
The sustainability plan is broken up into three core targets they plan to attack: Environment, Economy and Equity. I will be focusing on the environmental target (Rooftop Solar and Energy Storage) and how Reeco shares the same vision when it comes to rooftop solar power, climate change, and a sustainable future. Learn more about the entire sustainability plan and Reeco’s Free Solar program by visiting the links provided at the bottom of the post.
A push for local Solar Power:
According to the sustainability plan:
“Production of electricity from fossil fuels creates pollution – including green house gas emissions. Combining the abundance of sunshine our city enjoys with the advantage of owning its own municipal utility, Los Angeles will continue to lead in generating clean solar electricity, local green jobs, and reliable energy storage. There is no better city positioned to be a global leader in rooftop solar, which will enable us to use the sun to withstand possible disasters through the utilization of solar powered back-up energy storage systems. LA has become a leader in solar through the feed-in-tariff program along with the net metered rooftop solar and will remain a leader moving forward.”
The city plans to increase installed capacity of local solar PV to 400 Mega-watts, with authority for an additional 200MW. They also plan to reduce the residential solar PV interconnection wait time to less than two weeks. This means they want volume, and are incentivizing people by making their installs faster and more efficient. There is no city better positioned to initiate a plan of this magnitude. Being a high density city, its not hard to miss all the smog when in Los Angeles. Increasing renewable energy installations like solar power will not only help tremendously in sustaining the city and its economy, but will significantly reduce greenhouse gas emissions. The plan also emphasizes on the importance of energy backup power and storage. This technology allows you to go “off grid” and store energy efficiently from solar systems. These batteries can also provided much needed power if “the big one” hits Los Angeles leaving residents without power for over two weeks.
Reeco’s Free Solar Program: Sustainable Real Estate
Reeco is positioned perfectly to help the city of Los Angeles in their pursuit for a sustainable future. Los Angeles is one of the hottest real estate markets in the world, attracting buyers from all over the globe. Reeco is committed to giving every home buyer or seller in Los Angeles a FREE Solar System. Each home bought or sold with Reeco is guaranteed to be more affordable and sustainable with our Free Solar program. Reeco gives home buyers a clean start, allowing the people of Los Angeles to take advantage of the lasting financial and environmental benefits of Solar Energy. Reeco will also create green jobs for the city of Los Angeles, employing sustainable realtors and individual workers for solar jobs. Reeco was founded with a strong belief that Solar Energy should be a necessity, not an option. Our real estate brokerage is the first of its kind, but our mission is shared by many across the nation. Climate change and green house gas emissions from dirty energy sources are much bigger than the city of Los Angeles, they are a global issue. The success of this plan can open the doors for other cities, states and countries alike to adopt a similar mission for a sustainable future. We truly admire the initiative Los Angeles is taking with their sustainability plan. The plan is in place, it’s up to us to take action and work towards a sustainable future we so desperately need.
“Sustainability is the key to our survival on this planet and will also determine success on all levels”- Shari Arison
“The Future is Green Energy, Sustainability, Renewable Energy”- Arnold Schwarzenegger
More about Reeco’s Free Solar Program “Sustainable Real Estate” and Upgrades:
LA Sustainability Plan:
It’s only a matter of time when the millennial home buying surge will hit the real estate market. Experts in every industry want to know what millennials want, how they think, and what they look for when making a purchase. For the real estate industry, it is very important to know what millennials are looking for as they begin to approach the market to buy homes.
How Does Reeco Appeal to Millennials?
Reeco’s Free Solar program is perfect for millennial home buyers. Our program means affordability and sustainability for all home buyers. It is said that energy efficient homes are more appealing to Millennials than homes without these features. With Reeco, we can make ANY home a solar home for FREE. No need to pay extra for a home with solar or deal with any monthly payments. Our Free Solar program immediately increases a homes value, allows for thousands in electricity savings a year, and contributes to a more sustainable future. Seems like the millennials are ready for Reeco, are you?
Clean Energy Revolution Is Ahead of Schedule
A couple of encouraging studies have been released that point toward quicker advancement toward renewable energy and a more sustainable future. A study in Nature Climate Change shows that electric vehicle batteries have been getting cheaper considerably faster than expected. From 2007 to 2011, average battery costs for battery-powered electric vehicles fell by about 14% a year. This incredible decline puts battery costs right around the level that the International Energy Agency predicted they would reach in 2020.
This is not the only piece of good energy news. The United Nations Environment Programme recently released a report that showed that global investment in renewable energy, rebounded to an all time high of $270 billion. The report also notes that since solar costs are falling so fast, the amount of renewable energy capacity added in 2014 was at an all time high. Renewable energy went from 8.5 percent to 9.1 percent of global electricity generation just in 2014.
These two trends together, notes Noah Smith, “will add up to nothing less than a revolution in the way humankind interacts with the planet and powers civilization.” Cheaper batteries mean cars that can switch from gasoline to the electrical grid. With cheap solar replacing coal at a rapid pace, and Tesla making major advancements in batteries for home electricity use, solar is now able to run your house and vehicles 24 hours a day, 365 days a year.
This is poised to begin a dramatic transformation of human civilization, which will be moving exponentially faster in the next decade. That is great news, because cheap energy powers our economy, and clean energy will help reduce the global impact of climate change.
The real estate industry is constantly changing. The main contributor to this change is the rapid growth and advancement of technology. Regardless of what industry you are in, somehow technology is changing the way you do business now and how you will do business in the future. Not only does it change the ways companies do business, but it also changes the needs of consumers and how consumers make decisions.
In real estate, people are no longer looking in their local phonebooks to call a real estate agent, they simply go online. With all the information available for anyone who has access to the internet (who doesn’t these days), the process of searching for and purchasing homes is much easier than ever before. This example was highlighted in an article posted by Josh guttman at TechCrunch.com, but he also states that there is still impending opportunity in real estate technology and I couldn’t agree more. Here’s Why….
The process of buying and selling homes is still very standardized. Yes, technology has played a huge role in providing convenient access to information but consumers are demanding more out of the entire process, not just the search. Consumers are now demanding more out of the transaction as they feel technology has taken a lot of the ground work away from agents/brokerages that existed in the past.
Reeco has identified a great way to incorporate technology not only during your real estate search, but also during the transaction process. In the end, Reeco provides real value to consumers from start to finish, here’s how…
How Reeco Uses Technology to Benefit YOU!
Reeco is a technology driven full-service real estate brokerage that gives Free Solar power to home buyers and sellers. We provide the best experience for our customers using the latest technologies in order to create a rewarding and pleasant experience. To start, visit our website at www.ReecoHomes.com, here you can start your search for properties. During your search for homes, we provide you map listings with all the property information and details you desire. What is unique about our technology is we created patented software that shows you exactly how much you will save when buying with Reeco. This automatically generates and displays for each property: the amount of money you’ll save every year, the immediate increase in home value, and the environmental benefits of your free solar power. Here is an example of what our “Free Solar Calculator” software technology generates during your home search:
Time For Free Solar Power!
Once you see the information, its time for technology to create value at the transaction level. Reeco provides this value in the form of a great and growing technology, solar power. Reeco allows every customer to take advantage of Solar power at the most appealing price, for free. This ultimately creates a more affordable home for our customers, as you are no longer subject to high electricity bills. This means less spending and more saving. Reeco uses solar power to create a more affordable and sustainable way to buy and sell homes. We truly feel solar power should be a necessity on every home, not an option. This is what has driven us to create a new model for the industry, and lead the way to creating more affordable and sustainable homes for generations to come.
“Save Money and The Planet, thats Reeco Friendly”
Read More about the article mentioned at the link below:
Reeco is a residential real estate brokerage that adds value to every transaction by providing our customers with free electricity for life. To learn more about Reeco please visit our About Page.
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