Canyon Lake Real Estate Trends Issue CL03 - Page 4
Real Estate Trends Newsletter
MORE USEFUL REAL ESTATE INFO AT:
You Might Be A Canyon Laker If...
Keeping you up to date with useful real estate news and intelligence
Canyon Lake sure is a one-of-a-kind community and if you live here you know that Canyon Lakers have their own
language, customs, and idiosyncrasies. Take the quiz below to see if you truly are a Canyon Laker.
You might be a Canyon Laker if…
6. You’re an expert at removing decals from your car windshield.
1. Your golf cart has more miles on it than your car.
7. You have to explain to everyone you meet where Canyon Lake
2. You can back up a boat or recreational vehicle better than
most people can back up their cars.
3. You park your car outside in the weather so you can fit all your
toys inside the garage.
4. You know what any of the following are: Lily Pad, Sky Ski,
Dredger, Solar Bee, Causeway, Goetz Hill, Algae Bloom, Boat
Tunnel, Alum Treatment
5. You always check the lake level and temperature page first
when the Friday Flyer comes out.
Real Estate Trends
8. You own more than one set of any of the following: golf clubs,
fishing poles, water skis, wakeboards or paddle boards.
9. Your boat cost more than your truck did.
10. You can drive 35mph continuously without looking down at
11. You have more than one Canyon Lake sunset stored in your
smart phone photo album.
Re-printed from CanyonLakeSoCal.com website
Is new home construction a better choice for you?
5 Surprising Benefits a
By Justin Bevins
Maybe instead of buying your next home in
Canyon Lake, you should consider building a
Over the years certain times have been more
attractive to build a home versus buying a preexisting home. Building a home becomes a lot
more attractive when two things happen:
The added benefit to building a home is you
are more likely to get a home that has more
of the features and amenities you are looking
Currently in Canyon Lake there is some pent
up demand from buyers who are looking for
turnkey homes in the mid price ranges and
having a difficult time finding exactly what
So does it make sense to build your home
instead of buying something that’s already out
there? There are a few questions you should
ask yourself first.
- Do you have the time and patience to wait for
your new home to be built? A modest 2500 s.f.
home can be built in 4-6 months, but you also
have planning, bidding, and the lot purchase
escrow period that can push you out additional
- Do you have the patience and imagination
that it takes to pick fixtures, colors, appliances,
flooring, landscaping, etc.? Building a home is
INSIDE THIS ISSUE
Your Canyon port
Justin Bevins, REALTOR®, BRE #01407424
tel 951-326-0521 email [email protected]
If your property is currently listed with a real estate broker, please disregard this notice. It is not our intention to solicit the offerings of other real estate brokers. Equal Housing Opportunity.
By Dave Fitzpatrick
One of the attractions of Canyon Lake is that
all our homes are unique. Most planned by a
lot owner, who in conjunction with an architect
and contractor, designed and built their dream
2. Prices for existing homes go up dramatically
and it becomes more cost effective to build
instead of buy. That is starting to happen
again as the current market continues to move
up in price.
Buy or Build Your Next Home?
5 Surprising Budgeting Benefits
Beware Tax Scam Artists!!!
Brought to you by
Buy or Build Your Next Home?
1. Lot prices are cheap like they are now. This
allows you to reduce one of largest single
cost items of the project.
Download updated market reports, neighborhood statistics, and even request a free market valuation for your home at www.BevinsGroup.com
ISSUE NO. CL03
Justin helped me as a remote owner
work through a difficult short sale condo
situation in Canyon Lake. Went above
and beyond in not only helping me to
sell the condo, but also assisting in minor
repairs/cleanup and keeping the property
rent-able as we worked through the sales
Justin hung for the long term and got the
job done!! Very helpful!
an involved process and even though you have
contractors and architects helping you out, you
still have to make a lot of the decisions.
It means quite a bit of time looking in catalogs,
online, and the home center. It can be a lot of
fun though. Looking at model homes in other
subdivisions are great for inspiration and ideas.
- Do you qualify for financing? Construction
loans are making a come back but they can
sometimes be harder to qualify for . You may
need equity and reserves. If you are able to
pay cash for your lot, that often times becomes
your equity and makes it easier to get the loan.
The good news is that many construction
loans don’t require you to make a payment
during construction and when your home is
built, you can roll your construction loan into a
conventional 30 year fixed loan.
So how do you get started? First thing to do
is meet with a good local builder who has
experience in Canyon Lake or meet with a real
estate agent who has experience with building.
Then you can start looking around at lots that
might suit your general needs for the type of
home you’re thinking of.
In Canyon Lake, there are only about 300
empty lots left and only about 25 for sale at any
given time. The challenge is finding one that
is affordable but is also buildable,. Some lots
that are upslopes for instance can require an
excessive amoun t of excavation and retaining
walls making the project very expensive.
In Canyon Lake , most of our lots are upslope
or downslope, so it’s a good idea to get your
contractor involved when you start looking so
they can tell you if it’s feasible. Once you have
a lot picked out, then you can start working
with your builder or architect on some plans
that will suit the lot and your needs.
It’s a lot of work from start to finish, but the
reward is having the home of your dreams with
all the features you want and the satisfaction
of having a hand in designing and building it.
Contact me if you need a good contractor
referral or you’d like more information about
available lots for sale. -Justin
Hello to all! Yes…..I actually do a budget.
Not the most exciting thing that I can think
of to do, but it does increase your awareness
of where monies are spent, for absolute
necessity, all the way down frivolity. If you
know the saying, “The carpenter’s house
is the last to be built” (or something like
that), it rings true (and loudly) on me. I
have been managing a Profit & Loss from a
budget for the last 13 years. Two years ago
my business/life coach asked me if I had a
household budget. I embarrassingly enough
answered, “No”. How sad is that? Read on!
Who wants to budget? Nobody! No one likes
taking a good hard look at the money going
out versus the money coming in. When
expenses run up, people just add to their
credit card balances and ignore the high
interest. But using a budget does lots more
than cut credit card interest. Surprisingly, a
budget helps you:
1. Meet all your financial needs. A budget lets
you fine tune spending to meet all needs:
short-term (monthly bills and groceries);
mid-term (that summer vacation); and
long-term (home down payment, college,
retirement). A budget shows the expenses
you can’t avoid (utility bills) and those you
can postpone (another dinner out), so you
can cut short-term spending to meet longterm goals.
2. Cut waste. Let’s say your budget shows
you spend $800 a month on food. But that
includes coffee on the way to work, soda
from a vending machine, and a sports drink
at the gym. Over the month, this adds up to a
big chunk. You can cut 75% of it with coffee
from home, soda and sports drinks from the
supermarket, and a refillable water bottle.
Without a budget, you don’t know what
you’re spending, so you can’t find the waste.
(continued on page 3)
Wallick and Volk, Temecula
27708 Jefferson Ave. #105
Temecula, CA 92590
NMLS #259057, Licensed by the Dept. of Corporations under the California
Residential Mortgage Lending Act. License #4130785. Corporate NMLS 2973.
Notice: This is not an offer to lend or extend credit. All loans are subject to