The advantages of newer homes are obvious: less maintenance, newer appliances, “smart” features, and often times, “greener” structures. Additionally, if you work with the builder you can customize the home to your taste. If you are interested in buying a newer home in Santa Cruz county (5 years or younger) you may be in luck. Multiple housing projects throughout the county are either underway or have been recently completed and we’ve compiled a list
With the combination of heavy winter rains, ocean mist, and wooden homes, Santa Cruz homeowners and buyers needs to be especially cautious about mold. Mold can not only cause health problems, but if left untreated, can weaken your walls, ceiling, or floor. Whether it’s a musty smell, seeing mold outright, or a chronic, inexplicable cough, its important to be proactive in checking and treating mold problems. Not all mold is the same. Some types
When thinking of an ADU, many picture a small, free-standing building in the backyard. This kind of thinking may deter those with smaller lots from exploring the option of adding an ADU to their existing structure. This is a shame, given the additional rental income and living space that ADU’s often afford. The truth is, ADU’s come in all shapes and sizes, and under the right circumstances, even small lots can support them.
If you’ve been reading our newsletter, you’ve undoubtedly heard about the rent control and just cause for eviction ballot initiative (Renter Protection Ballot Initiative) which has been circulating through the city. The Movement for Housing Justice has submitted 10,791 signatures to the City of Santa Cruz, well above the required number of signatures needed qualify the initiative for the November polls. The group is now awaiting the results of a 30 day signature validation process.
Should disagreements arise, the right to evict is an important component of property rights, giving real estate owners the ability to re-gain possession of their property in difficult situations. There is a new ballot initiative that is circulating throughout the city of Santa Cruz that poses to, in many situations, take away this right. This will increase the risk of renting in the City of Santa Cruz.
A reduction in incentives for homeownership results in strong demand in the rental market. This fact, and a new deduction on taxable income of pass-through companies suggests that landlords and other real estate investors stand to benefit from the new law.