by kramoltz@hotmail.com | Dec 28, 2018 | Home Ownership
Numbers 6 -10: 6. Get a Written Contract. Obtain and keep a written copy of all contracts, change orders, and receipts. Contracts for jobs costing more than $1,000 are required by Arizona law to provide specific information about the project (e.g. a description of the...
by kramoltz@hotmail.com | Dec 18, 2018 | Home Ownership, Renters and Renting
The net worth of a homeowner is on average over 44 times greater than that of a renter. One way to look at it is that home ownership works as a form of forced savings. Every time home owners pay their mortgage, they are contributing to their net worth by increasing...
by kramoltz@hotmail.com | Dec 10, 2018 | Home Ownership
1. Verify the Contractor is Licensed. Verify the contractor is licensed and has the correct license for your specific project by going to www.azroc.gov, and check to see if the contractor is in good standing and has any past complaints. 2. Three Bids. Ensure you...
![Insurance Coverage for Remodels, Part 1.]()
by kramoltz@hotmail.com | Nov 29, 2018 | Home Ownership
Are You Insured? Protect yourself during your next major remodel: 1. Make sure the contractor has insurance for not only injuries and property damage, but also negligent workmanship and injuries sustained on the job. Check also for workers’ compensation and...
by kramoltz@hotmail.com | Nov 26, 2018 | Home Ownership, Renters and Renting
Arizona law states that a member of a HOA may use the member’s property as a rental property unless prohibited in the CC&Rs per A.R.S. §33-1806.01. Accordingly, unless the CC&Rs expressly restrict “vacation rentals,” “transient lodging” or “short-term...
by kramoltz@hotmail.com | Nov 12, 2018 | Home Ownership
Typically, married couples in Arizona hold title as community property with right of survivorship. Following the death of one of the spouses, title will automatically pass to the surviving spouse, avoiding the necessity of a probate. An alternative is to place the...
