Archive for the ‘California Real Estate’ Category

What is cost of living, and how can it impact your quality of life? In the US, the basic standard of living is measured as the cost of living. Cost of living calculations can be used to compare one city to another to determine if housing, transportation, daily necessities, and much more are cheaper or more expensive.

What Is the Cost of Living in Austin?

Although Austin is a hip and happening city deep in the heart of Texas, it has a moderate cost of living compared to the rest of the United States. The US cost of living average is based at 100; the cost of living in Austin is rated at 102.10.

For this reason alone, families, singles, artists, and musicians flock to the area to find an affordable place to live in a city full of opportunities. Today, Austin is known as the Live Music Capital of the World, providing musicians with the chance to get their big break without having to live in a one-bedroom studio in the meantime.

What Is the Cost of Living in Los Angeles?

Los Angeles is another city that is a mecca for musicians and actors looking for their big break. Compared to Austin, Los Angeles has a much higher cost of living at 143.60. Food, utilities, and other miscellaneous items in LA are more expensive than average cities throughout the US, Austin included.

A $100,000 salary in Austin, Texas, would have to increase to $140,646 in Los Angeles in order to compensate and support the same standard of living. As a result, LA can be calculated as 41% more expensive than Austin.

What Factors Influence Cost of Living the Most?

Hands-down, the significant jump in cost of living between Austin and LA is due to housing. On average, housing in Los Angeles is 90% more expensive than it is in Austin.

A modest three-bedroom house at close to 3000 ft.² could cost roughly $250,000 in Austin, complete with luxuries like hardwood floors and a generous backyard lot. A similar three-bedroom house at close to 3000 ft.² is likely to cost you $1.5 million in Los Angeles, with or without additional amenities like hardwood floors and modern appliances.

If you’re interested in renting instead of buying, a one-bedroom apartment in Austin proper could cost you $1000 a month compared to $1450 a month for the same property in Los Angeles.

While each city has their own advantages to offer, it’s important to keep in mind that families and singles must compensate for a higher cost of living when moving to an expensive city like LA.

 

So you’re itching to sell your home, but you’re not sure if it will sink or swim in a newly competitive housing market. Many homeowners today are in your shoes as they look for economical renovations that can be made to help their property stand out in a sea of competition.

Build a Deck to Boost Your Property Value

If your backyard is lackluster at best without an area to entertain, it may be sorely in need of a quality wood deck. Builders estimate that building a backyard deck could increase the value of your house to equal close to 80.6% of the total project cost.

Depending on the area you live in, the resale value provided by a deck could climb even further. Wood decks built onto a house in the Pacific Northwest may retain up to 91.5% of the original project value.

Throughout the US, upgrades like a backyard deck are valued highly because they provide homeowners with the opportunity to enjoy their outdoor living space. Even though a backyard may be landscaped and well groomed, a yard without a deck will be difficult to enjoy to its fullest.

A newly built backyard deck can instantly increase the curb appeal of a property. Although a prospective buyer may not see a backyard deck the moment they step foot in the front door, the upgrade will immediately improve the overall appeal of a home and could help a buyer to make a crucial final decision.

Is Ipe Decking the Right Choice for Your Home?

Now that you’ve made the big decision of adding a deck onto your home before putting it on the market, it’s time to move on to your choice in materials. Today, a number of modern homeowners prefer to upgrade with natural ipe decking since it is dense, tough, and resistant to outside elements.

Even if you don’t plan to sell your home for years in the future, a well-made ipe deck will be built to last. Making this upgrade now will give you the opportunity to enjoy the deck in your own backyard as you relax, unwind, and entertain friends in warmer weather. Years down the road, the same ipe deck will prove to be an attractive selling feature for your property as ipe is known to maintain its rich color throughout all seasons.

As you begin to compare cost versus value in the upgrade of a backyard deck, the choice is clear. Along with siding replacement, kitchen remodeling, and basement remodeling, a built-on deck is considered a moderately priced upgrade that can boost the resale value of your home.

Timbertown Austin