Inventory Climbing!?!? Do Energy-Efficient Windows Really Save You Money?

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Introduction and Key Topics Overview

Inventories climbing, something we've got to be aware of. It's one of the little measurement KPIs that I keep looking at. So we'll look at that as well as do energy-saving windows, really save you money. And we'll also look at, bank-owned properties, Mountain View home of the week, Apple home of the week, and the 40 days on the market report. Let's get moving here. 

Do Energy Saving Windows Really Save You Money?

do dual pane windows, or triple plane windows really save you money? In a way they do. Yeah, but they cost money to put in. So what's the ROI on it? It really depends on the size of your home. Other factors are if your house is insulated, and if you have energy-saving features like upgraded higher sear windows.

More efficient HVAC system and where you sit. Do you have trees in your yard that help block the sun when it's hot? You do save money.

 You do get an ROI on it when you sell your house. If you have a house that you sell with older, original single-pane windows, it shows the buyers that you haven't done all the upgrades necessary and you won't get a premium for your house. 

And drop it down a little bit as far as expectations are concerned. They say you save 126 to 465 per year. And that depends on the size of the house and all these other things that I mentioned before. But do they really save you money? Because you're looking at about 450 when I put my windows in, there were about 450 bucks a pop to put them in.

It was not cheap. And we have 14, 15, 16, or even 20 windows in your house. It's a lot of money. It's a big, huge investment. You do get that back over time as far as being more efficient because of the older windows if they rattle. They're letting air into your house, whether it's hot air on a hot day or cool air on a cold day.

The point is it's not as efficient as before. You gain a minimal amount of efficiency, but it's enough that it'll pay you back over the years. 

Home Improvement and ROI Insights

It was one of the first things we did 20 years ago. So if I get an average of 250. Per year still doesn't make up for the actual cost. I understand that, but I did it because, I wanted it, the utility of it.

I wanted to enjoy more efficiency, but also I knew that it was a good ROI. When we bought this house, it was original, everything. Didn't have HVAC. The kitchen and the bathrooms were all original. It's exactly what I wanted because I was younger and I wanted to put money into a house and fix it up a little bit.

And over the years I've done that. Every year I put some money into the house and we fix it up and make it better for us, not for the resale value. So we have a new kitchen, we have new bathrooms, we have a new floor,  I got rid of the popcorn on most of the ceilings, the bedroom's the last thing to do.

I did the windows and put the new H back in. It's one of the things that people expect when you're buying a house. And when you're reselling your house, those are the expectations that go along with it. And when you don't do all the upgrades that are required, Compared to a model home, or a brand new home, then you have to lower your expected return or your expected sales price.

So when do get drafty there are other things too, that this article talks about, you're very welcome to go look at it. It's in my blog. The link to this article is in my blog because otherwise that would be plagiarism or I don't know. 

If you are buying. a house or in the mode of buying a house, download this checklist and we'll walk you through all the different little things that you should look for in each room. And when you go and look at four or five, six different houses, it helps you compare and contrast apples to apples versus apples to oranges for each room, 

e. new appliances, original appliances, dual pane windows, single pane windows, that kind of thing. So there you go. You can download that anytime and it's free for you to drop, and download. 

Bank Owned Property of the Week

This is a bank-owned property. This is a bank-owned property of the week. 1. 4 million. And it's right down the street from me, right there, right by, Blossom Hill, say three bedroom, two bath, 1, 500 square feet.

I don't know if this is completely bank-owned or not just popped up in the bank-owned distressed properties, but it's a very well-done house. This is a great buy for whoever buys it. You might have to overpay for this one because this one just came on the market. It's priced right for the condition and it's an awesome-looking house.

I love the colors of this house of the cabinets. You have the plastic counters, but that's the fad these days.

Too many pictures, of the same thing. Yeah. So nice. What is that? That is a nice big blob of paint there. It looks like it was a flipped house that they lost their ass on.

Why does it look like it's funny? The furniture looks like it's virtually staged.

It's been on the market for five days and it looks like there's going to be a No, no open house Okay, mountain view home of the week 2. 

Mountain View Home of the Week

Mountain View home of the week

5 million dollars for a six-bedroom three-bath built in 1959.

So this one was obviously Updated and extended upon because back in the 50s, they built three bedrooms  Yeah, there's an ADU back there. So it's like a little apartment, which is nice, but look at the difference from 1. 5 million to 2. 5 million, depends. I saw a location, right? This, I think this one's going to sell 

it looks like it has, an ADU more like an apartment attached.

I have some friends and some clients that are looking at something. This is actually perfect for them. It's a little bit out of their price range by a couple of hundred thousand. So we'll see. That segment is brought to you by the home buyers checklist and the home inspection checklist. The home inspection checklist is totally different than the home buyer checklist.

FREE HOME BUYER CHECKLIST HERE

Home Inspection CHECKLIST HERE

 

Apple Home of the Week

Homes for sale near Apple

This is an Apple home of the week. Brand spanking new. Look at this. It's beautiful. Four bedrooms, four and a half baths, 2, 700 square feet. Poultry 4 million. Come on guys. Don't get cheap by this thing. This is an awesome house brand spanking new. This is what you get for 4 million.

I think we looked at this last week or the week before this one's going to be on the market for a while because it's expensive for the area. Typically you're looking at about two and a half, three for these houses here. Let's see, 

peacock and see how long this has been on the market 47 days. Yep. So this one is going to be on the market, but they want to be a market maker for this area. They want to be a market maker. Look, everything else is. 2 million in this area, right? Maybe you might see something at three. This one right here,

that one's probably going to sit on the market for a little bit too, but they're pushing. This one's going to be on the market for quite a while. So take a look at it if you want. I'm happy to go show it to you anytime. Basic. 

40 Days on Market Report

REO of the Week

This is the 40 days on the market. We have 137. Inventory is starting to increase a little bit.

What does that mean? It means we're in the middle of the summer. Everybody's on vacation. They have their kids at home. The last thing they want to think about is moving when they're on vacation and in school mode, they have to figure out how to get their kids into daycare or what have you. So there's a lot less people looking.

Yesterday we looked at that, but we have more houses sitting on the market for longer. We found that in Santa Clara County, 15 percent of the houses have seen price decreases, which isn't a lot, but it's enough to keep an eye on that. But also these numbers are growing, not exponentially, nothing to be alarmed about, but it's something to know, keep an eye on, right?

Current Real Estate Market Trends

Let's see for sale. We have 533 homes for sale. We need a thousand to be a balanced market. And for Santa Clara County right now, we have 111. 1100 for sale. And we need that to be about 2000 to make that a balanced market. There you go. If there's anything else you want me to look at, these numbers are totally basic.

I try to keep it basic, but keep you on a consistent message of what's going on in our market and in the Bay area, because my intention is that you get more educated about what's going on in the real estate market. So when it's time to buy or sell a house, you have more intelligent conversations with me.

I had a listing appointment yesterday and we're talking about what's going on in every different part of the market and what that house should sell for based on the expectations of that specific market. When you look at your house, it's very targeted and more specific.

So that's how that goes. 

Conclusion and Final Thoughts

I'm Vito with Abitano. Thanks for watching. We'll see you out there.

Vito Scarnecchia Real Estate Broker, Veteran, Dad DRE#: 01407676 We’re Hiring! 408-705-6817 Vito@abitano.com Website: abitano.com https://www.onereal.com/vito-scarnecchia-1 update your home value: https://hmbt.co/bT7qRJ RELOCATION@ABITANO.COM FREE DESKTOP APPRAISAL https://www.propertyrate.com/agent/vitoscarnecchia If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents! Book appointments here: https://calendly.com/abitano/15min Home Buyers Course YT YouTube.com/SanJoseLiving IG https://www.instagram.com/abitanogroup/ FB https://www.facebook.com/vito.scarnecchia/ LI https://www.linkedin.com/in/vito-scarnecchia/ Blog http://blog.abitano.com/ POD https://spotifyanchor-web.app.link/e/oxdH1Hwfcvb Professional Photography by Kim E https://photosbykime.com / Local Real Estate Market and Home Value Report https://hmbt.co/bT7qRJ Financial Intelligence https://docs.google.com/forms/d/e/1FAIpQLSc0R5pjHIAPguZ5GDEB-fTbGJXKpWK3coK9Khymv_GTWkMnyQ/viewform?usp=send_form https://www.onereal.com/vito-scarnecchia-1 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg