Voted Best Real Estate Company in SLO County in the 2017 New Times Reader Poll
No Comments

California Becomes First State to Require Solar Panels on New Homes

Under a new policy voted on by California regulators Wednesday, May 9th, solar panels will be a required feature on virtually all new homes built within the state.  This puts California in the fore front of government controls over climate-warming carbon emissions once again. The California Energy Commission voted unanimously, 5-0, to recommend energy efficiency standards that are set to be added to state building regulations later this year and will become effective for all construction after January 1, 2020. These new rules will make California the first state in the nation to require solar panels on new homes.

Bernatte Del Chiaro, executive director of the California Solar & Storage Association said, “This will be nothing short of historic for our state and for our country. Her continued, “California is once again betting on the sun and putting real policy behind grand vision.”

This new requirement will apply to single family homes and to apartment and condominium complexes of three stories or less. Solar installations have become so cost effective that they are included in more than 15,000 homes built each year in California, without the state mandating it. In 2020 and beyond that number promises to increase to 80,000, the number of homes built each year in California. Findings that solar power would be cost effective in all climate zones in the state were crucial in moving this proposal forward. The average estimated cost of a solar system $9,500, or $40 a month when amortized over a 30-year mortgage. But the systems are projected to save customers an average of $80 a month on utility bills.

“It’s become more attractive to consumers,” said Kelly Knutsen, director of technology advancement for the solar industry group. “Whenever there is demand you want to meet that demand.” While building industry organizations did not try to block the new rules, they expressed their concern of driving up home prices and said they would have preferred a slower phase in of the new requirements. A leading building organization stated that they appreciated the fact that the rules would allow for smaller installations or waivers in cases in which space is limited or neighboring structures shad roof tops.

The California Building Industry Ass. also praised another part of the new regulation, which gives energy credit to homes that employ battery storage technology. The innovations “will allow the homeowner to capture the cheaper electricity produced by the rooftop solar panels during the middle of the day and keep that power on site for use in the early evening ours when electrical rates go up,” said Bob Raymer, technical director of the building association.

The solar panel rule next goes before the California Building Standards Commission, which typically adopts recommendations from the energy commission. The building group is expected to take up the matter in October or November.

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
No Comments

New Listing! 4 Bedroom 3 Baths on 4.7 Acres


One of a kind custom view home on the Salinas River, near Taft Ranch. This 2×6 construction, 4,400 sq. ft. home on 4.7 acres has everything you might want. Custom rounded walls, gorgeous entry way with natural stone floors and atrium, distressed bamboo flooring, gourmet kitchen with Wolfe 6 burner stove, Sub-zero refrigerator, custom butcher block island, cherry cabinets, and granite counter tops. 3 sliding doors lead to over 2000 sq. ft. of patio overlooking the river. Fenced orchard and gardening area with raised beds. Check out the custom Man Cave/Wine Cellar and your own media room! A complete one bedroom apartment above the 3 car garage for guests or added income. And much, much more! Go to www.12455Chia.net
Bruce Freeberg 805.748.0161
Lic# 01771947

Written by Keith Byrd - Go to Keith's Website/Profile

No Comments

New Listing! Charming Cape Cod Cottage


Charming Cape Cod cottage in Southpoint with views! Versatile open floor plan can be used in a variety of ways. Currently set as a formal living room and large dining room with french doors, and open to the kitchen. Kitchen has view to backyard, with stainless steel appliances and generous storage. Main floor master bedroom has slider to backyard, with remodeled master bath and executive style closet. Lots of charming, custom wood work throughout the house and extra storage. Upstairs loft/office is loaded with built-in storage and offers vented skylights! Backyard has been transformed to a low-maintenance oasis with fruit trees and southern views of the Orcutt hills! Enjoy the privacy of living in a gated community, yet walking distance to local shopping, art and dining!
Gina Gluyas 805.310.7208
Lic# 01732656

Written by Keith Byrd - Go to Keith's Website/Profile

No Comments

New Listing! 3 Bedroom Vista Del Sol Condo

Great opportunity for affordable ownership in Santa Maria! Spacious three bedroom Villa del Sol condominium with attached two-car garage! Updated kitchen with granite counters. Three spacious upstairs bedrooms plus balcony. Easy to maintain backyard with additional green space and picnic area within the complex. Walking distance to local elementary school, shopping and dining!
Gina Gluyas 805.310.7208
Lic# 01732656

Written by Keith Byrd - Go to Keith's Website/Profile

No Comments

New Listing! 4 Bedroom 2 Bath in Morro Bay

Truly amazing opportunity to own a potentially multi-use property in beautiful Morro Bay with Views of Morro Rock and slight ocean view. Currently, designed as a duplex with two 2 bedroom units, a nice 3 car garage and lovely outdoor space. The property features gorgeous low maintenance landscaping and a beautiful new paint job combining to make the curb appeal of this property top notch. Long term tenants in both units create stability in income for the investment buyer but with the fantastic Morro Heights location this property will equally appeal to the owner occupant buyer wishing to personalize this property into a gorgeous single family home while maximizing the view potential. Currently the property offers approximately 1900 square feet of living area but potential may exist to add square footage or second story outdoor space.
Wes Burk 805.801.7061
Lic# 01815339

Written by Keith Byrd - Go to Keith's Website/Profile

No Comments

New Listing! In Las Jollas de Rancho Grande

Fabulous location and sophisticated styling this custom designed single level home is located in Las Jollas de Rancho Grande which boasts some of the best weather on the central coast. This pristine property has been lovingly cared for. It has wide passage ways making it wheel chair accessible. The exposed beam ceiling expands to outdoor living areas. Its West facing windows overlook the oversized yard, which includes fruit trees and oak trees. Enjoy nature’s theater with the abundance of fascinating wildlife that visits this area. This spacious lot affords room to expand the current footprint. The kitchen has been strategically appointed with an abundance of cabinetry, counters and prep stations — a terrific space where form and function work cohesively. The master bedroom and en-suite rivals that of a luxury hotel. Detailed features include central air conditioning and so much more. This home is perfect as a second home retreat for any full time life style. Located near world class wineries, the Pacific Ocean as well as the charming Village of Arroyo Grande with its services and eateries. A must see for the most particular buyer.
LeeAnne Fisher 805.440.0251 Lic# 01082922
George Fisher 805.801.0821 Lic # 01894989

Written by Keith Byrd - Go to Keith's Website/Profile

No Comments

Mortgage Rates Reach 7 Year High!

The Freddie Mac 30-year mortgage rate increased by 6 basis points to an APR of 4.61%. The APR is now higher than it  was a year ago, at a level that is 59 basis points above where it was at this same time last year when it was at a level of 4.02%. This yearly increase of 59 basis points is substantial and is at the highest point its been at since May 19, 2011. In 2017 we were seeing a wide year on year gap averaging about a negative 55 basis point decrease to APR, however this year the change in rate is positive, as rates continue to rise and the year on year gap continues to wide.
.
Attributed to Sam Khater, Freddie Mac chief economist

“Healthy consumer spending and higher commodity prices spooked the bond markets and led to higher mortgage rates over the past week,” he said. “Not only are buyers facing higher borrowing costs, gas prices are currently at four-year highs just as we enter the important peak home sales season.”

Added Khater, “While this year’s higher mortgage rates have not caused much of a ripple in the strong demand levels for buying a home seen in most markets, inflationary pressures and the prospect of rates approaching 5 percent could begin to hit the psyche of some prospective buyers.”

Written by Central Coast Lending - Go to Central Coast Lending's Website/Profile
805.543.LOAN info@centralcoastlending.com
No Comments

New Listing! 4 Bedroom 3 Bath Home

Desirable Mesa Verde Estates Home. This Spacious Executive Home has 4 Bedrooms and 4 Bathrooms with over 3,100 square feet of living space. Many of the homes outstanding features include, Engineered Oakwood Flooring, Built-in cabinets in Master and Hallway, Kitchen with Granite Counters/Island/Butler’s Pantry, Formal Dining Area, Canned Ceiling Lights, Whole house is wired for internet, cable and Security system with Cameras. Indoor Laundry Room with Cabinets and Sink, Remote Shades at upper windows, Two Car Garage with Telsa Charging 240 Outlet. 75 Gallon Water Heater and Exterior Outlets for Christmas Lights. Featuring one of the largest lots in Mesa Verde the back yard includes Patio Area wired with Surround Sound , beautiful Drought friendly Landscaping, Putting Green, Custom built Storage Sheds and RV Parking with double gate.
Shea Hutchinson 805.260.6322
Lic# 01189054

Written by Keith Byrd - Go to Keith's Website/Profile

No Comments

New Listing! 2 Homes on 10 acres, San Luis Obispo

Tucked away right off of See Canyon Road are two homes nestled under bright sunny treelined spaces with wildlife and tranquility abounding. Located on 10 acres, each home is located a distance away from each other allowing for privacy and individual living. This sun lit part of the canyon is away from the road noise and allows for peaceful days/ evenings with opportunities to see the wild quail, native birds and feel the breezes filtering thru the Maple, Sycamore and Pine trees. The upper home is the Ranch house that’s approx, 1,750 sq ft with 3 bedrooms and 2 bathrooms. The large living room and dinning room space has large south facing windows and allows filtered light in thru the trees, with views of the meadow below and the mature trees surrounding canyon. A small artists studio in the back can be additional storage or creative space. The cabin below is naturally lit with sunlight because of clear story and southern facing windows off of the large entry deck. This vaulted ceiling, open concept studio space has all the amenities anyone would need living in aprox. 600sqft. With the additional storage off of the carport makes for the perfect place to call home or rent out for top dollar. In the back, another small artists studio is available to you.
Traci Ferguson 805.235.6396
Lic# 01875751

Written by Keith Byrd - Go to Keith's Website/Profile