5 Outdoor Projects for a Beautiful and Fun Homecation Space






5 Outdoor Projects for a Beautiful and Fun Homecation Space
What Should You Know If You Inherit a House?
PROBATE AND ESTATE SALES
Open Houses this weekend Silicon Valley Curated
Mortgage Rates this week 
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What you get for $2MM Santa Clara County
AIDA: Attract, Interest, Desire, Action
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Inventory And Supply Charts
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Outdoor Space Ideas
Have you ever thought about doing anything to your outdoor space, like a patio or something? Let's talk about it real quick. Here we go. Alright five outdoor projects for beautiful and fun home location space. Look, enjoying the outdoors is probably one of the most important things you do when you go outside and you go to a dinner.

You think, oh, maybe I want to eat outside. Sometimes you do, it's blazing hot, obviously you don't. But if it's nice and beautiful, 70 to 80 degrees, why Not? You can build a per pergola, you can have a pool, what have you. 

Patios and Pergolas

Let's talk about a patio. Patio is anything that's an extension of your house, not covered by walls.

It could be just the ceiling or the roof. And then it could be attached or not attached. It could be temporary or you can build it in. I, personally built a pergola. It's a six column pergola with the hip. On Valley and whatever, and I learned it all.

I learned how to do it all on YouTube. I learned what a hip and a valley are on roofs and I learned how to cut hip and valley. Things on on, on, my roof, on the pergola, and I was pretty badass and I did the whole thing. I did the electrical. The place hasn't burned down yet, so gotta say. It's pretty nice and it's enjoyable when it's a nice, cool evening and you have it covered.

Just feels cozy. And I have fans and lights in there and a tv, so it's just, it's great for everybody to enjoy pool. 

Pool Costs and Tips

It says down here you can get a pool for $29,000. I can tell you it's. 10 times that. 'cause I can I, know there are like two to 300,000, you can be like $500,000 for a pool in your backyard.

But if it's something you want, I'm not gonna stop you from doing it. What you should do is buy a house with a pool in it and re what? We fix it. 'cause you can have a resurface for like 30, $40,000. It's a lot better than 500,000, 300,000. And you can do a lot of hardscape around it, make it look nice and pretty, that kind of thing.

I have a house for sale right now that is  that has a pool and it's nice and you either want the house with a pool in it or you don't. If you don't. And there's like a Venn diagram, right? You have two little circles. People that want a house, people that don't want a house.

And those people that are in between are very few and far between. So it's not only a house with a pool in it. It takes a little bit of pressure, a little bit of style, a little bit of patience. ' cause some people just don't want a pool court. I have a huge side yard. I only have one side yard 'cause it's a zero lot line, but it's big.

And I put cement there for the kids. They grew up and they got to play basketball and baseball and they skated around on their little roller blades. They had scooters and we had a tree house and a little sandbox 

But having a court is awesome 'cause when your kids are being rambunctious, they kick 'em out and have a nice, safe place for them to go play. And it gets hot and they get tired and then they sleep Well. great. Courts are awesome. You wanna have nice evenings with your friends, coffee, wine, dinner, what have you.

Awesome. There's nothing wrong with having a deck, especially if it has a nice view of the mountains or the lake or what have you. It's nice. And yeah, I can tell you that a 20 by 20 composite deck is not gonna be $24,000 if you have it built. Okay. Front porch. Yep. I, my entire front area is a big patio and we, I love it because it has the shade, it has the evening shade, not the sun.

And I can go out there and just chill out and look at TikTok or play on my computer or whatever while it's cooling down and I get some fresh air. And I have it paved out and it looks nice. I have a bunch of comfortable chairs and I have a little fire pit there and it's really nice to have, 

So something nice to have. Don't do it for ROI do it for your use. So if you're thinking about moving the next couple years, don't do it. You're not gonna get the ROI out, the return on investment for it. If you're gonna stay there for a couple years, 5, 6, 20 years, 'cause we stay in houses like 20 years now, 12 years in west of California.

It use it. Use your space outside. Do something, have a nice project and you can be proud about it. You can brag about it, get it done, but don't think you're gonna get money out of it. Some people like it, some people don't care. 





Inheriting a House Basics
What you should know if you inherit a house. 

'cause I'm a probate guy. That's what, that's one of the things we do. Let's go into it. Initial consideration. Should you move into it or should you sell it or should you rent it? Or, this is something where I, want you to call me and we can just bounce ideas off. And I'm not gonna tell you either way to do it.

My intention is to not sell your house. My intention is get the best use for you out of it. Whether that's moving in or having a child move in or what have you. And there's tax implications. There's legal ramifications that you have to know about everything, and I don't give you that advice. I tell you what questions to ask when you talk to your tax guy or your legal guy.

I'm the real estate guy, right? And I'm here to be your quarterback and shuffle everything together so we all have the same consensus and idea, so we don't talk in silos. It's important that we don't do that. 

Mortgages and Siblings
Is there currently a mortgage on it? It could be a reverse mortgage, it could be a whatever. There's all sorts of implications.

If it's a specific type of mortgage, you might have to refinance it into your name. If it's under your trust, then that might be able to hold out for a little bit. So something you have to realize and, talk about, Did you inherit a house with your siblings? I've sold houses, multiple houses with the person and their sibling, and it's gone immensely smooth.

One time out of a hundred, you're gonna get that one, that one thing where the sister and the brother are fighting for every little thing because they're petty and feelings are hurt and this and that, or there's believed ownership of something and then you have to break out the lawyers and it's just not fun.

My thought is let's get this just, let's just get this done and be done and go on our, our merry way. But yeah, it happens, right? That's why you have lawyers. That's why there are lawyers out there and they make a lot of money doing that kind of stuff. When you do stuff that requires a lawyer, oftentimes it's better just to.

Put on your big boy pants and adult up and understand that there's concessions to be made.  Something to think about. In California, they want you to move into the house. They have something called Proposition 19, and if your parents pass away and you move into the house, you get to keep their tax basis.

It's nice. You can do that. And then proposition 19 also allows you to move. If you're over 55, you can move from that house to another house, and keep that property that tax basis three times. There's a lot of things that you have to be aware of. There's certain loopholes and certain restrictions, so make sure you talk to the tax assessor before you do that, before you make a decision.

What happens if you want your child to move into it? Say your child's 23 years old and he's semi responsible. Yeah. You get to keep the tax basis on that as well, right? So stuff to really know about and that's what a lawyers for. That's what accountant's for a CPA, A tax person and that's my job is to point you off, get you in a little bit of trouble.




And ask the right questions so that we're all on the same page. So if you're interested in learning more, let me know. I'm a probate and a state sales expert, and I can help you out. Walk through that.  

Wrap Up and Market Note
And then nothing else has changed here. Inventory's pretty much the same 'cause I haven't changed it because we're only, we're not even halfway through March, but I just wanna make sure that we look at it and remind everybody that we're in a seller's market.

No matter how you look at it. Alright, that's it for now. Thanks for watching. Vito, we'll see out there.

 

Inventory vs Sales

Videos edited by Vydeoease.com Use Exemption code VEASY
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Vito Scarnecchia

Real Estate Broker, Veteran, Dad
DRE#: 01407676
408-705-6817
Vitos@abitano.com
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If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!
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