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Napa County Housing Affordability

KW Napa • Jun 09, 2023

      This week, we want to talk about housing affordability and share something that we find fascinating and very insightful, The Housing Affordability Index. This can be found on the California Association of Realtors website, www.car.org. This index maps out just how much money (on average) a person would need to make per year to be able to afford a median priced home in each county of the San Francisco Bay Area.


       In the first column, is the percentage of residents that could afford to buy a median priced home in Quarter 1 of 2021. In Napa County, because of the demand for housing, this number has gone down from 34% in 2020 to just 24%. You can also see that in order to qualify for a median priced home of $901,500, you would need to make about $164,400 per year. In San Mateo County, the minimum qualifying income is a whopping $337,200 per year (wow!!!), and Solano County, our neighbor to the east, is much more affordable by comparison. To purchase the average priced home in Solano, you or your family would need to make about $95,600 per year. 


 


      Now, for most people who live and work in the area, these numbers can be a bit alarming. But even if you don’t make over $100,000 per year, hope is not lost! These prices reflect the median price of homes in the area, meaning that half the homes sold above that price and half sold below that price. If you desire to become a homeowner, I encourage you to be empowered by the information. There are so many different paths to homeownership, often times we have to get a bit creative. This can mean starting small by purchasing a condo, purchasing in less desirable area or building up equity by improving your home little by little and then selling to move up to something nicer. 


     We have helped some amazing families get into homes by being creative. This can mean finding off market deals, utilizing first time home buyer and down payment assistance programs, or finding that diamond in the rough. Where there's a will, there's a way! Feel free to reach out to discuss your options. We would love to help. 

 Author: Nicola Roualdes, Realtor

Short Term Rental Properties

by KW Napa • 09 Jun, 2023
So you’re kickin’ around the idea of renting your home on Airbnb or VRBO?? Before packing your bag and dreaming of a stash of cash, here are a few questions to ask and things to consider. The more you know, the better!?

Clever Uses For Useless Spaces

by KW Napa • 09 Jun, 2023
There are a lot of areas around the home that may seem kind of useless or wasted. Partial dividing walls, areas below (or even above) a staircase, or little nooks or alcoves that were created by the house’s unique design are all common examples. You might not think much about these areas, but if you consider them for a moment, you might see how they could be some serious missed opportunities. With a little bit of creativity, though, you can change all of that for the better. That blank wall around a doorway doesn’t have to stay empty, and the space under the stairs isn’t just for boy wizards anymore. There are a number of ways that you can revamp these empty and otherwise useless spaces and make your home more functional and fun in the process. Here are just a few ideas to get you started. Surfaces and Seating Look around your home at the various nooks and crannies that seem to just be empty space. With a little bit of work, it’s easy to add seating, tables, desks, and more to these areas and make them much more functional. Once you start thinking creatively, a whole wealth of options opens up. Some of the open space in your foyer could have benches added for you and your family to sit and get your shoes on in the morning, possibly with bins that slide under the benches to keep those shoes in when they’re not being worn. A little alcove could be a great place to install a small desk or computer workstation for homework, bill paying, creative writing, or even grabbing a quick bite to eat. You could even stick a chaise lounge or part of a sectional couch in a largely unused corner to give people a private place to wind down or relax. And this is just the tip of the iceberg. Storage and Organization Some of these seemingly useless places can be a great place to add storage solutions to your home. Shelves and cabinets can instantly transform empty walls, giving you additional storage even in the small spaces around doorways or in closets. Drawers are also great additions, as are sliding cabinet racks that pull out and then slide fully back into the wall. There are even more options available if you really want to get creative. If your kitchen has a small dividing wall separating it from other rooms, consider adding a built-in wine rack within it to hold a few of your favorite bottles. A pull-out vertical cabinet next to the sink or stove can also be a great area to add a spice rack or store cutting boards. Bookcases are relatively easy to install, and if you have a large unused area, it might even be an ideal place to add a built-in pantry. Not only do details like these really liven up your home, but they can also help reduce clutter in other areas and make everything a bit more organized in general. A Use for Every Space You might be surprised at just how much space there is in your home for these types of projects. The options can increase even more if you start looking at the outside of your home or in the garage, too. While some projects might require a bit of work, others are simple modifications that can really go a long way toward improving both the look and functionality of your home. If you aren’t sure where to start, consider bringing in an interior designer or general contractor to discuss what you want and see what your options are.

Matching Cabinet Hardware

by KW Napa • 09 Jun, 2023
Whether it’s with knobs, pulls, handles, or some other hardware, you need to have some way to access your cabinets. If your cabinets are relatively new, that hardware is probably fairly modern. But for older cabinets, you may need to replace the hardware, and it might be kind of tricky to figure how to get it. This can make replacing old cabinet hardware stressful, especially if you’re not sure where to start. While your success will depend on the specific pieces that you’re looking for and how recently they were manufactured, here’s some info that will hopefully point you in the right direction if you find yourself on a hardware hunt. The Need to Match Hardware Why do you need to match old cabinet hardware, anyway? There are a few reasons. The most common is that handles and knobs sometimes become damaged or break over time, especially if the cabinets see frequent use. You may also find yourself adding new cabinets or other fixtures that you want to match as closely to the older cabinets as possible, including similar finishes and hardware. In some cases it may even be a matter of hardware being removed to repair or replace cabinet doors and then getting lost or accidentally tossed out. Whatever the reason, you want matching hardware, and it doesn’t seem to be available in stores anymore. Sources for Older Hardware When trying to match old hardware, it’s important to start by checking if it’s actually available. Visit cabinet or woodworking shops in your area with pictures of the hardware you need (or the actual hardware itself) to see if anyone can recognize it and know where to order it. If that doesn’t pan out, check the internet; there are a lot of stores online that specialize in older items, and this can include out-of-production hardware and other materials. Even if you can’t find the specific hardware from its original manufacturing run, you may be able to locate visually similar reproductions that will at least match the look of your existing hardware. If that doesn’t work, spend some time searching online auction sites to see if you can find the hardware that you’re looking for there. While online auctions can be a mixed bag, there are a lot of people who post used or out-of-production items that they have a surplus of to make some money off things that they no longer need. It may be worth checking a few times on different days, as new items are listed all the time, and you never know when someone is going to list that handle or knob that you need for a few dollars. Unable to Find a Match? Unfortunately, there may be some cases where you simply can’t find a match for your old cabinet hardware no matter how hard you try. If this happens, you typically have two options: You can upgrade all your hardware to a new style, or you can find something that complements your existing hardware to create a mix-and-match arrangement. It basically comes down to whether you want to upgrade some of your existing hardware or all of it with something a bit newer. You can choose pieces that complement your cabinets, hardware that goes well with sinks and other fixtures in the room, or even something significantly more modern than the cabinets to create a visual contrast between the cabinets and the hardware. Regardless of what you choose, be sure to pick something that you enjoy.
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