California 2022 Home Trends
Remodeling old homes for investing.
Here’s a quick look at a few renovated California bungalows in Los Angeles neighborhoods of Los Feliz, Glassell Park, Atwater, Mount Washington and surrounding areas that fetched over $1 Million in 2020.
Land For Sale near New Homes Built in Mount Washington 90065
California trends for old building investors | 2021
As some Los Angeles home investors scout for renovating 1920’s bungalow, some have ventured to the high desert of Joshua Tree. First time buyers looking for a niche market and scouting the MLS for a contractor special, or an as-is rehab. In the 1970’s builders saw a market for the East coast snowbirds that would visit the West coast for the warm California Sun till winter was over. Palm Spring home values continue to appreciate. Some home builder developers like Joshua Tree village with the close proximity to the park. Paved streets, fenced yards wood frame built homes vs. mobil home style were built.
High Desert Flipping or Remodeling for Investment Income?
Finding the balance for every dollar invested to bring a profitable rate of return in the shortest time frame is key. Investors should consider the quality of materials they use and extra features they add to the home when remodeling. Why Joshua Tree investors like fixer uppers, is they can accessorize their home investment project, for Renting as an Airbnb. Tax benefits for choosing quality & long lasting materials, with low energy environmental impact and green friendliness make more sense when you keep your property as an income producing investment. Outdoor spas, decks and unique landscaping all add value for you and for the visiting guests to enjoy your home.
Professional builders may choose what’s new and appealing to the eye with a quick turnaround, as time is money.
First time home re-modelers with a untrained eye will likely shy away from a long term rental investment, because the property looks trashed. Wall board replacement, trim, paint and new roof job, with appliances and modern flooring go long way. It’s becoming easier to hire sub-contractors for repairs to fix whats needed. Porch.com is one type service helping the home re-modelers find building contractors for refurbishing a rundown home. Average home price in Los Angeles according to Zillow is above $700,000 and Joshua Tree Home Market Trend from Movoto is $282,450.
Sales above $300,000 becoming normal for remodeled homes.
A beautiful combination of colors used on the exterior of this remodeled home at 6760 Mount Shasta Ave Joshua Tree CA 92252 . High-desert modernism, is fitting for the high desert panoramic sunsets of Joshua Tree. Above asking, Sold on 1/3/2020 $309,000
Land for Sale in Joshua Tree
It’s becoming more common to see sales above the asking price, as investors see the potential income from renovated homes, and facilitating vacation renters that are seeking places to stay near Joshua Tree National Park.