Monthly Archives: April 2014
California Water-Saving Plumbing Law Effects Investment Property Owners, Sellers, Property Managers and Property Management Companies
A California law enacted in 2009 is finally taking effect and causing concerns among property owners, sellers, buyers, and realtors. California Civil Code Section 1101.4 requires owners of single-family residences which were “built or available for use on or before January 1, 1994” which will be altered or improved on or after January 1, 2014 to install water-conserving plumbing fixtures only when the existing plumbing fixtures are “non-compliant” by certain dates specified below.Read More »
Home Improvements Cost-Value Cash-On-Cash Returns Rise as the Overall Market Rises
I am often surprised when I see homeowners getting their homes ready to sell without anticipating doing any repairs or improvements. I am even more surprised when I see realtors counseling their clients not to do repairs or improvements because “the market is hot, let’s just get it on.” Notwithstanding the period of time during the Great Recession, where improvements did not give the cost-value returns we are used to seeing, properly thought-out home improvements will typically give homeowners very nice cash-on-cash returns when they list and sell their homes.Read More »
New Flood Insurance Law Provides Relief for Palo Alto Property Owners
In March of this year President Obama signed into law the Federal Homeowner Flood Insurance Affordability Act of 2014 which amends previous law – now homeowners in flood plains and districts, like Palo Alto, East Palo Alto, and Menlo Park will be provided relief.Read More »
New Shared Fence Law As Of January 1, 2014
Have you ever heard “Good fences make good neighbors?” Now, adjoining landowners are statutorily equally responsible for shared fences and boundary fences pursuant to California Civil Code Section 841 which took effect January 1, 2014. Adjoining or contiguous landowners are now faced with a presumption that because they share an equal benefit of a shared or boundary fence that they are equally responsible for the reasonable costs of construction, maintenance, or necessary replacement of the fence. Property managers or rental property management companies whose clients’ properties are affected by this new law must be mindful of the change and be aware of the procedural requirements dictated by the state legislature.Read More »
High Energy Efficiency of Your Heating and Air Conditioning Systems Makes Your Home Comfortable and Cost Effective
With the rising costs of energy making your home more energy efficient is tantamount to a comfortable and cost effective living environment. Comfortable interior environments make for a more friendly and welcoming home. Improving the efficiency of your mechanical systems helps with comfort, but more importantly will save you money over the long haul.Read More »
Seven (7) Things to Consider and Research before Buying a Home
So you’ve made the decision to stop renting and buy a home. Buying a home is very emotional, incredibly stressful, and requires diligence and strategy. To make sure your pursuit is not fraught with pitfalls you should consider the following ideas:Read More »
Palo Alto Main Library Name is “Rinconada”
After a long drawn out process Palo Alto’s main library has been renamed to “Rinconada Library” by the Palo Alto City Council. Supporters of the new name have consistently argued that the library is not the main library because it is not the biggest library in the system, nor is it the administrative center of the library system.Read More »
El Camino Real Sidewalk Widening Plan Hears Opposition from Palo Alto
There is currently a wide-based effort to widen El Camino Real into a pedestrian friendly thoroughfare, however, those portions of real estate within the city limits of Palo Alto will not be widened without a fight. Palo Alto City Councilmembers have proposed an ordinance which will widen sections of El Camino from 12’ to 15-18’.Read More »
Menlo Park Hiring Expert to Research Initiative to Revamp Downtown Plan
The Menlo Park City Council has actually authorized investing up to $150,000 on a consultant to examine the brand-new effort proposed by locals that would significantly change the city’s downtown/El Camino particular strategy.Read More »
Curb Appeal Adds Value to Your Home
Menlo Park, Redwood City & Woodside Sued by PG&E to Replace 80 Year Old Gas Line
In an attempt to replace three miles of an old gas line and hopefully prevent another catastrophic explosion like the one in San Bruno PG&E has filed three separate lawsuits against the cities of Menlo Park, Redwood City and Woodside so that they would be able to access real estate owned by both public entities and private owners. The line at issue, “Line #109,” was installed in the 1930’s and has been ordered replaced by the California Public Utilities Commission.
Because significant real estate development has occurred over sections of the old pipe line over the last eighty plus years the State of California statutorily has granted PG&E the right to exercise the power of eminent domain. PG&E states in its lawsuit that it has made fair-market value offers to the property owners but has received limited response and must proceed with expediency.
The locations of the proposed replacement are sections of real estate near Interstate I-280 north of Sand Hill Road, near Woodside Road to Farm Hill Boulevard, and near Eden Bower Lane to Wilmington Way. Sections of Sharon Heights Golf and Country Club are also affected by the easement PG&E is requesting.
The proposed replacement pipeline is a 24” high quality steel gas line with automated valves that can be operated remotely. This hi-tech gas line will also be equipped with internal monitoring and inspection tools/gauges.
Assuming PG&E is successful in their lawsuits seeking easements to install the new gas line the existing property owners will be able to use and access their property, but will not be allowed to construct and structures, plant trees, or do anything that would disrupt the operation of the gas line.
Feature image courtesy of www.portolaplanet.comRead More »
Choosing the Right Realtor® Can Make a HUGE Difference in Your Home Buying or Selling Experience!
Almost everyone knows a real estate agent. However, all agents are not created equally. This is easy to tell when you compare an agent’s experience to others, compare how long they have been in the business, and most importantly how many closed real property transactions they have to their name.Read More »
New Jobs and a New Palo Alto Facility
One hundred thirty new jobs and 82,000 square feet of new facilities opened March 25, 2014 in Palo Alto which will house the Advanced Materials and Thermal Sciences Center for Lockheed Martin.Read More »