Tuesday, June 17, 2014

You get what you pay for

I had a client last week who placed a home in escrow near 28th Street and Camelback, which
had brand new floors, counter tops and cabinets; all bathrooms remodeled; a new roof and new air
conditioning. The home was a fix and flip by an investor and seemed like a great home until...WE
HAD AN INSPECTION...that revealedthe roof was not new,the AC was not new and basically the
home was in poor condition and he canceled. I cannot tell you how many homes that I have seen like this in the past three or four years where investors,who are not licensed, put together what we call a “lipstick remodel” that looks good from the inside until you have that inspection. There are some amazing licensed contractors in our market, so be careful who you choose to remodel your home or in choosing a home that has a licensed contractor who did the remodel because they will stand behind the work.
The other problem that I have seen in the past four years is all the homes that had their roofs replaced because of hail damage. About 75 percent of these roofs were replaced by imposters who issued useless roof warranties. Most of these roofers were storm chasers who go from city to
city preying on desperate people. My take in all these stories is you get what you pay for, so be
careful!
My suggestion is to investigate the contractorseither through the Better Business Bureau or ask for references. The best overall scenario, if you can afford it, is to go with a new home where the state mandates certain warranties that builders must offer their clients, such as one year for cosmetics and two years for any structure issue, along with manufacturer warranties for appliances, roof and air conditioning. I am very fortunate to represent two incredible builders who have called North Central their home for the past two years and will continue to build here for at least two more years. One is Magee Builders, who has built or remodeled more than six North Central homes and currently has a brand-new home located at 7220 North 15th Ave., which is listed for $784,000 and sits on a half-acre lot. Magee has at least 15-18 more new North Central homes either under construction or in the planning stages. The next homes will be completed by the end of July and include 405 E. Montebello, priced around $900,000 and including 3,400 square feet on a 22,000 square-foot lot; and 5506 N. 2nd Street. priced in the mid $700s and including 3,050 square feet with a three-car garage. Magee Builders are Randy Rochford, Brian Magee and Scott McLean.
The other builder that I am representing is Porchlight Homes, which developed a 5.5 acre horse property located on 7th Avenue between Maryland and Bethany Home Road. It is a new gated subdivision, originally consisting of 15 homes which is now down to three spec homes: two at 3,500 square feet and one at 3,150 square feet. All three will be active on the market in mid July. Porchlight has a second gated 10-home subdivision located on Central Avenue just north of Northern Avenue. In just six weeks, eight of  the homes have been sold and the two remaining specs with be active the first of July. NORTH CENTRAL LOVES NEW HOMES. Go new if you can afford to.
My heavy condolences to the family of Herb Sperber, who for many years owned a tuxedo store at 7th Avenue and Campbell called Lad T Dad, which later became Tux and Tails. Herb dressed all of us for proms, weddings, premiers and special functions. I was more nervous on my wedding night, worried about my losing or tearing my tuxedo than I was about the wedding party, which consisted of 250 wild animals. Herb made all of us feel and look like a million dollars and we are all better off for having him in our lives. I still own a tux from Tux and Tails but, unfortunately, it has shrunk over the years! Thanks, Herb, for making me feel special for many a night wearing your clothes. The Valley was a better place with your presence in our lives. Additionally the name Herb is very special to my brother and me because that was our dad's name. I lost another longtime friend this month, Bob Warren, who was in my wedding party and a great customer for many years at the Jockey Club. I enjoyed Bob's company at my club for many nights and years and even playing golf with him. Bob, Mary Ann and I and all of our Jockey Club cardholders will dearly miss you.
See you guys in San Diego!


Bobby Lieb





The Lieb Group
Associate Broker
HomeSmart Elite Group Manager/Founder
5225 N. Central Ave., Ste. 104
Phoenix, AZ 85012
Mobile: 602-376-1341
Fax: 602-996-9141
www.centralphx.com

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