Real Estate News From Jenell Fontes VanDenBos

Jenell Fontes The Millennials are coming into the Real Estate market and what does that mean for a market like the Coachella Valley? In the next few years at least $16 trillion of ultra-high net worth (UHNW) individual’s wealth will be passed on to the next generation over this period, spawning a new crop of multimillionaires, the Wealth-X and NFP according to the Family Wealth Transfers Report “As self-made UHNW baby boomers start passing on their wealth to their children, the importance of entrepreneurship and hard work will be put to the test,” the report said.  One of the largest beneficiaries of the wealth will be the the Millennials and they are not buying the larger country club properties that make up the bulk of the Valleys Luxury listing inventory. Millennials are looking at walkability scores, energy efficiency, Smart homes and provide a comfortably Chic lifestyle. Millennials want location, location, location, less maintenance and smaller homes with less outdoor

Jenell Fontes Spring is in the air and it’s that time of year again for Spring Cleaning.  According to Wikipedia  “ Spring cleaning  is the practice of thoroughly  cleaning  a  house  in the  springtime . The practice of spring cleaning is especially prevalent in climates with a cold  winter .  The most common usage of spring cleaning refers to the yearly act of cleaning a house from top to bottom which would take place in the first warm days of the year typically in spring, hence the name. However it has also come to be synonymous with any kind of heavy duty cleaning or organizing enterprise. A person who gets their affairs in order before an audit or inspection could be said to be doing some spring cleaning.” Spring cleaning is that time of year where you pull out the couch and vacuum behind it, and who knows maybe this year you will get lucky and find enough change to celebrate with a Martini at Maestro’s or a beer at the Red Barn…  You might just find the earing you lost o