April 2015 Vol. 3 Issue 4 April is National “Poetry” Is the Remodel Worth it? Month! Upscale projects have some of the most-disappointing payoffs according to Remodeling Magazine’s survey on the subject. This doesn’t mean don’t do it, it means think before you do. Remodeling is consumption spending, meaning the investment price drops quickly and the return is not what you’ve spent; think of a new car. Your project’s return on investment might be better or worse than the national averages below. ROI depends a lot on where you live. Here is the average cost and return for 6 of the worst home improvement payoffs in 2015: FACTS ABOUT POETRY - The shortest poem is 3 words: “Fleas” - Adam Had ‘em. - There are 10 different genres of poetry: Narrative, Epic, - Dramatic, Satirical, Light, Lyric, Elegy, Verse fable, Prose, Speculative. There are 7 forms: Sonnet, Shi, Villanelle, Tanka, Haiku, Ode, and Ghazal. Poems don’t have to rhyme. A Refractory rhyme is a word with no perfect rhyme. ie: fifth; depth; amongst; wolf, and worlds. Many people believe the words orange, purple, circle and month are refractory rhymes; however, they, like many others, have obscure rhyming words. The 5 most famous poets in the world include: William Shakespeare, Edgar Allen Poe, William Wadsworth, Robert Frost, and Emily Dickenson. Agents: are you ready for 8/1/15 ????? The HUD as you know it is going away. There are new mortgage disclosure forms and they will change most every transaction you work on after August, 2015. Please read THREE things agents should know before August 1. 1) Be familiar with the new Loan Estimate and Closing Disclosure. 2) Timing of closings are impacted by disclosure delivery rules. 3) Line numbers have been removed and there are now 7 fee areas. Please drop us an email at [email protected] if you have any questions or would like to receive additional information on the upcoming changes. Escrow Options Branch Offices Brea Office 3040 Saturn Street Suite 101A, 92821 714- 256-6740 Irvine Office 9901 Irvine Center Dr., 92618 949-365-1889 Upland Office 450 N. Mountain Ave. Suite B, 91786 909-946-9800 1. Sunroom Addition • ROI: 48.5% • Cost: $75,726 • Resale value: $36,704 2. Home Office Remodel • ROI: 48.7% • Cost: $29,066 • Resale value: $14,155 3. (Upscale) Master Suite Addition • ROI: 53.7% • Cost: $236,363 • Resale value: $126,860 4. (Midrange) Bathroom Addition • ROI: 57.8% • Cost: $39,578 • Resale value: $22,875 5. New (Upscale) Composite Deck • ROI: 58.9% • Cost: $36,385 • Resale value: $21,437 6. (Upscale) Major Kitchen Remodel • ROI: 59% • Cost: $113,097 • Resale value: $66,747 Lisa Acuna to our Brea Office & Cindy Scott to our Irvine office Your Escrow staff: Brea- [email protected], [email protected], Susan Cruz, Lisa Acuna Irvine- [email protected], [email protected], [email protected], [email protected], Leanne Gallardo, Melanie Ott, Brittany Varkel, Cindy Scott. Upland- [email protected], Miriam Diaz.
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