Among all the uncertainties that the past 14 months have brought to the U.S. housing market, one of the few things that has remained constant is the value that home improvement projects add to a home. Exterior home improvement projects, in particular, took center stage in 2021, according to Remodeling magazine’s Cost vs. Value Report.
Of the top 12 projects that garner the highest return on investment (ROI) this year, 11 of them are exterior projects. The lone outlier? The always-popular minor kitchen remodel ranked at No. 3, with 72% of the cost for such a job recovered.
A key takeaway from this year’s report is the impact that rising raw materials costs has had on home improvement projects. Since 2014, prices have risen across the board for all the projects ranked in the Cost vs. Value Report, but this year has seen a stark spike in prices. This has caused an average of -3% ROI for all home improvement projects…READ MORE HERE.
California “Reopened” June 15th
As of June 15, 2021, the Governor terminated the executive orders that put into place the Stay Home Order and the Blueprint for a Safer Economy. He also phased out the vast majority of executive actions put in place since March 2020 as part of the pandemic response, leaving a subset of provisions that facilitate the ongoing recovery.
The new public health order effective June 15 supersedes all prior health orders. The order has limited restrictions, only related to masking and mega-events, as well as settings serving children and youth pending an expected update to the K-12 schools guidance by the Centers for Disease Control and Prevention… READ MORE HERE.
Restrictions that ended on June 15 include:
Capacity limits on businesses
County tier system
Whether he is an avid mountain biker or a Sunday hiker, it’s not too late to get the perfect gift for your Tahoe trail loving Dad! A donation in your father’s or loved one’s name supports annual trail work so they can continue to enjoy their favorite trails for years to come. To donate to the Tahoe Trails Endowment visit… tahoefund.org/tahoetrailsendowment.
Weekly South Shore Real Estate Stats
Active Listings Median – $750,500 at $578 per sq ft.
Pending Sales Median – $737,500 at $418 per sq ft.
Sold Listings Median – $750,750 at $513 per sq ft.
Absorption rate of 1.48 months of inventory; This is definitely some improvement on the buy side pressures of past limited inventory albeit it still a strong sellers market. We’ll continue to keep an eye on the inventory increase that is predicted on the near horizon. This will allow for a slightly more balanced market and for a more diverse inventory to appeal to the buyer’s needs.
1195 Tokochi St.
Open House Sunday, June 20th 11:00-1:00pm
Spacious tri split level home with room for everyone including your friends and family too! Fabulous county location and lovely mountain views, with easy access on and off Pioneer Trail. Centrally located and minutes to everything, yet you’ll find this setting to be the host of your next sanctuary with the quiet serenity found in the county. Miles and miles of US forests and trails are just steps away from this 4-5 bedroom plus loft, 3 bath home with well over 2,500 square feet of 3 levels of living spaces. Downstairs level is suitable for a mother-in-law or private guest quarters with a separate entrance, 2 bedrooms and bath and laundry. Oversized 1 car gar with workshop and tons of storage. All cleaned up and move in ready, this 1982 constructed home is ready as-is or for your creative impulses to take it to the next level! New garage door, newer 2018 composition roof, new kitchen appliances.
Hosted By: Wally Johnson (530) 277-5687
1105 Sierra Blvd.
Open House Sunday, June 20th 12:00-2:00pm
Great centrally located duplex with income potential; just minutes away from shops, restaurants and much more! Rent both out or rent one and live in the other! Property boasts a fabulous hot tub, work shed and nice flooring. Cute planter boxes in the front yard and a fenced back yard with great potential- perfect for your furry friends or summertime barbeques. Pride of ownership shows on this well taken care of property. This is definitely a must-see income property!
Hosted By: Jesse Yohnka (530) 318-2518
3415 Panorama Dr.
The real deal log cabin settled on a .23 acre fully fenced lot! Gorgeous views of Echo Summit and the natural splendor of Christmas Valley finds the true gem of a 2820 sq. foot home. Great floor plan for entertaining the whole family with 3 oversized bedrooms (it was originally designed for 4 bedrooms). Super-sized Living & Family Rooms, when you need a separate space to hang out in look no further. Galley style dining room off an eat in kitchen breakfast nook. Large, fenced backyard for everything you would like to have in your private yard. Enough room to park your RV and eliminate any extra fees of normal storage costs. Loads of decking both front and side plus covered walkway to shed & wood storage. New carpet has been installed May 28th. This wonderful property is 8 miles to the lake, 11 miles to Sierra and Heavenly Ski Resorts, 2 miles to the Getaway Café and a 2 block walk to the Truckee river!
Presented By: Bret Howard (530) 318-5439
3153 Sacramento Ave.
Don’t let the size fool you. Bigger is not always better! This adorable studio cabin was built in 1952 and has all the luxuries of living all wrapped up in 292 square feet. This is tiny living at its finest. With its recent upgrades, you could live in it as-is or expand to make your dream home. Located 2 blocks from Reagan Beach and within close proximity to restaurants, El Dorado boat launch, Lakeview commons, shopping and transit. This is the perfect in to Lake Tahoe home ownership.
Presented By: Nicole Ladd (408) 712-2439
3151 Sacramento Ave.
This duplex sits just two blocks from Reagan Beach and the shores of Lake Tahoe. Cabin B showcases a full size kitchen in its compact 388 square feet and Unit C packs all the necessities for living into 308 square feet. A tiny home lovers dream- live in one and rent out the other, or keep as an investment property as both units are currently rented out with long term tenants. There are developmental opportunities as well with a bit of creative thinking. Recently upgraded, these units are perfect examples of Old Tahoe charm with modern amenities. This duplex is within close proximity to restaurants, El Dorado boat launch, Lakeview Commons, shopping and transit and more.
Presented by: Shannon Witt (530) 863-0548
721 Julie Lane
Tahoe mountain style cabin, vintage 1976, with 3 bedrooms, 2 baths, oversized 1 car garage, plus a bonus room/office! Super charming and well maintained darling cabin up at Gardner Mountain where life is good and away from the hustle and bustle of town! Still in a very good location- close to groceries, beaches, cafes and trails! This property comes with an amazing 6,534 square foot fenced and private yard with a storage shed to keep your tools and toys, as well as a large back deck- perfect for summer BBQ’s and get-togethers! The living room is light and bright, featuring a toasty woodstove corner with brick hearth. Also included is an eat-in kitchen and corner window table seating, which will charm all guests. Covered entry/walk-way, South facing driveway, a great backyard, and super sized decking for the whole lot of toys!
Welcome to Jubilee Kids Academy- one of South Lake Tahoe’s premier Preschool & Infant Daycare centers. In business since 2012, Jubilee is currently licensed for 42 preschoolers and 8 under 2 & also accommodate before & after school children. Fully staffed with 7 teacher & a director this property is a self-sustaining operation. Operating hours are Mon-Fri from 8am-5pm and there is an arranged bus stop in front of Jubilee for all elementary school kids. The property itself consists of two buildings totaling 2,656 square feet. The main building (Preschool) has 3 separate rooms, 2 kitchens, 4 bathrooms (two full & 2 baths) & an office area with 5 entrances/exits (1 ADA complaint). The second smaller (Infant Daycare) room has 1 bath & full laundry hook up. All of this sits on a 2.5-acre lot that includes a large kids jungle gym and play areas. There is parking for 8 cars out front. Located in the Tahoe Valley Community Plan Special Use Area #2 which allows for a myriad of uses.