19 Jan 2018

The Final Tax Cuts and Jobs Act and Real Estate

The Tax Cuts and Jobs Act has been signed into law. There were some big "wins" in the final bill from the perspective of homebuyers, owners, and real estate investors. However, the bill removes important incentives for homeownership and may have an adverse impact in some markets. According to the National Association of Realtors, home prices will grow at a slower pace of 1-3% nationally. Unfortunately, some local markets in high cost, higher tax areas

5 Jan 2018

What’s Coming: the 2018 Santa Cruz Real Estate Market

At the beginning 2018, there are some important changes on the horizon for Santa Cruz Real Estate. The Tax Cuts and Jobs act, which is making its way through the House and Senate, will be a major determinant of 2018 housing market health. We've written about its potential impact on the California real estate market in a separate blog post, and will provide regular updates on this topic. Here, we summarize some other major factors

30 Nov 2017

Cannabis Cultivation and Santa Cruz Real Estate

  The passage of Prop 64 allows for the sale and taxation of commercial cannabis in the state of California. This development may have both negative and positive consequences for local Real Estate Markets. Commercial real estate owners in areas where cannabis cultivation and the sale of marijuana are legal may see a significant increase in real estate values and lease-rates. For example, in Denver, cannabis cultivation is only allowed in certain industrial zoned areas.

26 Oct 2017

Home Insurance and Wildfires: Protecting your Santa Cruz Real Estate

See a bigger version of this map here.   As reported in 2007 by CalFire, a majority of Santa Cruz county is in a moderate to high fire zone (source).   With wildfires rearing up in Northern California, including in our beloved Santa Cruz County, we know that many of our homeowner clients and future homeowner friends are asking “What can I do to protect my Santa Cruz Real Estate?”.   This guide gives an extensive

27 Sep 2017

Santa Cruz City Eliminates Lot Size Requirements for Granny Units (in Pre-existing Sturctures)

Previously, you needed a 4,500 square foot lot, or larger, to build an Additional Dwelling Unit (ADU), also commonly known as a granny unit. Now, any legally built unit within the existing footprint of your home can be turned into an ADU under new state law. This applies to new projects and conversions, so long as the unit is within the pre-existing structure and is build legally (meaning it was permitted and build to code).

20 Sep 2017

Buying Property In the Coastal Zone

In Santa Cruz County, the coastal zone extends about five miles inland from the North Coast. From Natural Bridges to 41st Avenue in Capitola, it extends about 0.6 miles inland. From Capitola to the south County boundary, it extends to Highway One. Santa Cruz County Coastal Zone Map:   Within the Coastal Zone, a person who wishes to do any sort of land development must obtain a Level 5 development permit. Development, amongst other things,

15 Sep 2017

Santa Cruz County Schools (K-12)

Click on the photo to see a larger map.   Whether you are a parent or future parent looking to buy a home in Santa Cruz or an investor searching for an investment property, its important to understand the quality of schools in the area you intend to buy. In this article, I will summarize important information about public and private education in Santa Cruz as well as resources that you can use to analyze

23 Aug 2017

Your Credit Score Just Increased by 20 points (Maybe)

Great news! Home buying just got a lot easier. A combination of two major changes in credit reporting and lending criteria could help tens of millions more individuals and families to qualify for a home loan.   In 2012, the Federal Trade Commission determined that at least 20% of those surveyed had at least one error in their credit reports from one of the three major credit reporting agencies, Equifax, TransUnion and Experian, which had negatively affected their credit

2 Aug 2017

Owning a Vacation Rental in Santa Cruz County

Have you ever considered Vacation Rentals? Are you considering purchasing a second home, or currently own one? Do you have an extra room or portion of your house or duplex available? Santa Cruz County, with all of its many splendors ranging from gorgeous coastlines and legendary surf spots, to majestically scenic redwood drives and hikes, to iconic landmarks and family-friendly entertainment, provides a great opportunity to venture into the proposition of gaining extra income from

9 Mar 2017

Changing Energy Codes to Increase Energy Savings

Did you know that new 2016 Residential Building Energy Efficiency Standards (Energy Standards) are now being enforced and California is expecting to see 28% more energy savings in regulated loads* than those built under the 2013 Energy Standards? *an electrical load is an electrical component or portion of a circuit that consumes electric power Having energy efficient buildings: Reduces energy costs. Increases reliability and availability of electricity. Improves building occupant comfort and reduces impact to the environment. Energy efficiency requires

19 Jan 2017

Using Online Tools to Make Informed and Profitable Home Buying Decisions

In our newsletters, we have provided an array of useful online tools for you, the buyer, to help you to make more informed, precise and profitable decisions than ever before without leaving the comfort of your home. In this post, we have created a narrative, accompanied by these online tools, to support you in the path to homeownership. We will help you: Secure a mortgage. Find down-payment assistance programs if necessary. Make wise choices about the cost of

30 Dec 2016

Housing Affordability Issues In California and Your Options

The truth is, homeownership is challenging for many right now because of high prices, high rents, and low supply. However, the state and local governments are working to remove barriers to development, improving the supply shortage in our state. Additionally, there are loan programs that are helping to break down walls to homeownership for new homeowners.

14 Dec 2016

2017 Santa Cruz Real Estate Market Predictions

It’s amazing that we are at the end of another year. Here at Schneider Estates we have much to be grateful for. Most of all, we are so grateful for you. You allow us to do what we love everyday. From helping younger couples find their first homes to ensuring seasoned investors find good deals and everything inbetween, we are honored to get to work with you and help you to make wise, informed real estate