Getting into Real Estate

Maximizing Your Home’s Selling Potential On A Small Budget

Posted by on 2:03 pm in Uncategorized | Comments Off on Maximizing Your Home’s Selling Potential On A Small Budget

While selling a home is something that can be profitable endeavor overall, the preparations that come along with getting a home on the market can be more than sellers realize. While you’ll want to maximize your home’s appeal, you might not have a lot of funds to get your home ready to sell.  Here are four ways to get your home on the market without breaking the bank. 1. Self-Stage Options Your real estate agent might recommend going all out with a staging company, but if this isn’t in your budget, you still might be able to self-stage your home. Whether you are living in your home while selling or not, it is important to decorate each room with the original purpose (bedrooms as bedrooms, etc), and declutter your space down to just the basics. You can do this with your own furnishings and decor, as long as you stick to depersonalized, classic pieces that won’t draw unwanted attention. 2. DIY Preparations and Renovations While you might wish you could overhaul your kitchen or bathroom before selling, you might also be amazed what a few DIY touches can do to the overall appearance of your home. Knobs, pulls, and light fixtures can easily be swapped out to modernize a home. A fresh coat of paint on all walls to a basic color scheme, and freshening up wooden doors and cabinets with a bright white paint can quickly transform your space. 3. Utilize Budget Marketing Your real estate agent will be able to get your home up on MLS listings and show your home, but it can be hard to go the extra mile with marketing without the budget for this. Pictures are important, so make sure your home is clean, lights are on and, curtains are open to let in light if you are taking your own photos. Ask your agent about less expensive marketing tools such as their real estate website and social media outlets as well. 4. Up Curb Appeal in the Cheap Even if the inside of your home is ready for showing, if the outside isn’t looking its best, it might be hard to get people in the door. Laying down a layer of mulch over dead or dying grass can bring the appearance of your yard back to life. Paint your home’s trim and fencing if this is fading. Low cost hanging plants and flowers can bring a touch of landscaping to your space even if you don’t have a green thumb. Work with your real estate agent to get your home ready to sell while keeping costs low. If your agent has a realistic idea of what you can afford when it comes to marketing, fixing up, and staging your home, they can work with you to fill in the gaps and ensure your home will impress potential...

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3 Updates That May Help You Sell Your House Faster And For A Higher Price

Posted by on 1:39 pm in Uncategorized | Comments Off on 3 Updates That May Help You Sell Your House Faster And For A Higher Price

If you own an older home and would like to build a brand-new house to move into, you will probably need to sell your current home first. If this home is outdated, you may need to sell it for a price that is lower than what you hoped for, or you may want to invest in some upgrades for the home. Here are three important things people will be looking for when shopping for a home, and these are three areas you may want to focus on improving.  Central air conditioning One problem common with older homes is the heating and cooling system. If your home currently does not have central AC, it could discourage people from buying it. Central AC is something people want in a home, and there are several different routes you could take to improve this feature of your home. The first option is to add a central AC system and attach it to your existing ductwork. If your home does not have ductwork, you will have to pay extra to have this installed. If you do not want to go through the trouble of having ductwork installed, you could always install dual-split systems. These are like the type you see in hotels. They are placed in a wall and have controls on them. They are not the same as central air, but they are very similar and are extremely effective. Updated kitchen The kitchen is another area you might want to focus on if you want to sell your home. People looking for homes to buy will thoroughly examine the kitchens in the homes they view. They are looking for modern kitchens that have new cabinets and countertops, and installing granite counters is one of the best upgrades you can make. New roof, windows, and siding Another thing that can attract people to a home is finding one that has newer exterior work, such as a new roof, windows, or siding. If your home has features like these that are outdated, worn-out, or ugly, it can be a turn-off to buyers. Buyers will know that they will need to invest money into this house if they purchase it, and many buyers do not want to have to do any work when they buy a house. The would rather purchase a turn-key property that is completely ready for them. If you are ready to sell your home and need some tips for modernizing it, contact a real estate agent in your area...

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3 Ways To Make Money Off Unused Land

Posted by on 11:56 am in Uncategorized | Comments Off on 3 Ways To Make Money Off Unused Land

Whether it’s an empty field or acres of unused land, many are unsure what to do when they have too much of a good thing. One of the issues with having land but not using it for residential or farming needs is that there is little-to-no profit being made off of a potentially valuable resource. Luckily there are plenty of ways to make extra income off a parcel of land that’s not currently being used. Here are three things landowners should look into. Sell Mineral Royalties There are many valuable minerals and natural resources that can be found within the ground. For those who are lucky enough to have certain types of minerals, oil, or gas present on their property, a lot of money can be made with barely any work required. Most landowners also own the mineral rights to their property. An outside company can offer to lease the land in order to extract the minerals underneath. The company then pays royalties on the minerals or resources extracted from the land. These royalties vary depending on what’s being extracted and the current market conditions. Oil and gas royalties are often around 18% to 25% of the oil or gas company’s profit. Billboards For those who have property that is next to a major highway or thoroughfare, billboards are a great way to make extra income on land that’s not currently in use. There are two ways that this can be done. Landowners can lease their land to an advertising company who will then do the work of finding clients. They can also construct the billboard themselves and look for clients without the aid of an outside company. These billboards can easily bring in up to $4,000 a month and are a great way to make income without much work. Parking Another way to make money off land not currently in use is by converting it into parking. This often works best in highly-populated areas such as cities but it can work in any area. Those who have land near convention centers, stadiums, or other large venues can convert their land into overflow parking and make a profit during big events. Not much is needed to make this happen. The land just needs to be mostly flat, free of debris, and have designated spots for parking. Unused land is something that can be used to make money. Landowners should first see if there are any valuable minerals or other natural resources on the land. Mineral royalties can be incredibly lucrative. Selling advertising in the form of billboards is also a great way to draw in extra income. Creating parking can also bring in more income, especially if the land is located in a high traffic area. For more information, contact Appalachian Mineral Partners or a similar...

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5 Ways To Improve The Chance Of Your Home Selling Quickly

Posted by on 2:42 pm in Uncategorized | Comments Off on 5 Ways To Improve The Chance Of Your Home Selling Quickly

If you are trying to sell your home, there are multiple things that you can do to improve the chance of it selling quickly. Here are a few of them: Hold an open house. By holding an open house, you can increase the number of prospective buyers who see your home. During the open house, you have a chance to present your home in its best state. Be sure to depersonalize your space by removing family photos and other items that suggest that the home belongs to your family in particular. These items can make it difficult for buyers to envision the home as theirs.  Additionally, be sure to rid your home of clutter and mismatched furnishings that can make buyers question the quality of your house and the size of its living space. Have your yard professionally manicured. A beautifully landscaped yard can draw the eye of prospective buyers. It presents the first impression of your home, but this can be good or bad, based on the state of your property. Overgrown foliage that hides the architecture of your home should be removed. For visual impact, consider planting colorful flowers if the season permits.  Get a new mailbox. An old mailbox can detract from the look of your property. The purchase of a new mailbox does not require much money, but it can make your front yard look more polished. Additionally, it can help your property look up-to-date. Look for a new box with a neutral color, such as black, and a shape that is complementary to the architectural lines of your home.  Have your home professionally cleaned. Like a detailed automotive cleaning, a professional residential cleaning can make your home look like a showcase. Often, a professional cleaner will clean areas of your home that you may normally neglect, such as ceiling fan blades. The removal of dust and dirt can ensure that your house is viewed as sanitary. Consider having your carpets cleaned as well to help minimize old odors in the home. Repaint your home in neutral tones.  If your interior walls are painted in colors that are unusually dark or bright, it is probably based on personal taste. A more neutral color palette can help make your home more inviting to a wider audience.  Look for shades of taupe or white that match the furnishings and woodwork of your home.  For more measures that you should take to maximize the appeal of your home to prospective buyers, schedule a consultation with a real estate professional in your area. For more information, visit or a similar...

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4 Tips For Selling Your Home In A Slow Market

Posted by on 1:24 pm in Uncategorized | Comments Off on 4 Tips For Selling Your Home In A Slow Market

National and global financial issues lead to slow markets. When this is the case, you may find your home up for sale for months or, in some cases, years. With these four tips, you should be able to improve your chances of being able to SELL your home. S is for Scoping Out The Local Market You may have a selling price, but that doesn’t mean you will get offers in that region. In fact, setting the selling price too high can lead to not getting any offers at all. Undervaluing is just as bad, as you run the risk of making your home look like a financial black hole. Take the time to research the local market, finding out what other homes have sold for. The more you know, the better your asking price will be. E is for Extracting the Best Agent It’s tempting to go it alone or get the cheapest agents, but neither of these will help you in a slow market. You want agents with a trusted reputation and who have managed sales in slow markets in the past. Research and talk to people in your area to find out who they used. Ask for recommendations, and keep an eye to the ground for the best offers. When you are discussing your home with estate agents, find people who are excited about getting the home on the market. You want agencies that can answer all your questions, including where they will market your property for more exposure. L is for Listening to a Home Inspector You don’t want to spend more money than you have to on the home, but this is one of those costs that can help. Buyers don’t want to end up forking out extra money after the sale. They need their money for legal fees, mortgage payments, and insurance rates. If your home needs some repair work, consider doing it. This is especially important for the minor, cosmetic problems that will make your home look perfect. You don’t need to replace the whole bathroom, but do repair work to the tiles, for example. L is for Love Finally, go the extra mile to make your home look like the dream home for viewers. Home staging will get rid of the clutter and rearrange your furniture to make it look just right. A few changes will help rooms look bigger and give each space a purpose. It may not be what you use it for, but just what the viewers need to put in an offer. You should be able to SELL your home must faster – even in a slow market – if you just remember these four tips. For more information, contact local professionals like #1 Properties of...

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How A Property Management Company Boosts Your Profits And Keeps Tenants Happy

Posted by on 10:43 am in Uncategorized | Comments Off on How A Property Management Company Boosts Your Profits And Keeps Tenants Happy

If you are an individual who has invested in property, you may start off trying to manage the property on your own. While this can be done for a while, it will become stressful if you have another job you have to focus on. As an investor, you probably aren’t interested in a full time job as a property manager. As you look to grow your investments and are considering another property, it’s important to have a solid property management company in place in order to make your investments as profitable as possible. A Property Management Company Virtually Pays for Itself While you will pay a property management company to take care of your property, this is money well spent. A good company will be able to keep your units full, collect rent on time, and screen tenants so you have solid, responsible tenants in your units. The money earned from having units full instead of multiple vacancies easily pays for the services of a property management company. Consider that the money you pay a management is part of your investment, and your overall profits will be similar or higher than if you managed the property on your own. Easily Respond to Emergency Maintenance Requests If you’ve tried managing your property on your own, responding to emergency repairs can be a nightmare. Time spent looking for someone to do the repair, or even trying to complete the repair on your own, are all time wasted when you are the property investor. With a property management company in place, emergency requests are handled easily. They will have maintenance people on call, ready to respond to any emergencies so that you don’t have to worry about it. Tenants will know that you care about their well-being when emergencies are responded to right away. Once Your Property Is Well Managed Once your property is full of tenants, and solid management is in place, you now have the time you need to move on to another investment property. As a property owner, the best way to grow your investments is to continually look for opportunities where you can purchase more units. Without the stress of having to manage your property, you can spend your time looking for investment properties that meet your criteria. As you work with your property management company, such as Choice  Maintenance Group LLC, you will also learn if they can handle another property if you decide to purchase...

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Is Calling For Lockout Service Necessary?

Posted by on 10:39 am in Uncategorized | Comments Off on Is Calling For Lockout Service Necessary?

Regardless of how careful you are, you could still lock your keys in the car. When this happens, you can choose to call in a professional locksmith to free your keys or attempt to do it yourself. If you are on the fence about which is the best option for you, here are some things to consider. Can You Unlock It? Cars are designed to keep unauthorized users out. Unless you have experience breaking into a car, getting into your own car can be challenging. Fortunately for you, it is possible though. If you have a post lock, then you might be able to open it with the help of a slip knot or coat hanger. A post lock is one that is pulled up to unlock it. Tie a slip knot in a shoestring or string and slide the string between the door and the frame. If you are able to get the string around the lock, you should be able to pull it up to open the car. You can also manipulate a coat hanger to slide down into the car and unlock the door. Instead of making a knot with the hanger, you need to straighten it out and bend it into a v-shape. Use the hook to snag the lock. If your door’s lock slides or pushes, you will need a straight coat hanger that you can slide into the car. Once it is inside, you will need to exert enough force on the power button to open the door. Due to your positioning, it will be difficult to see the button, so you will need assistance. Should You Call for Help? Unlocking a car by yourself can take a considerable amount of time and patience. Even if you have the time to spare, calling a professional might still be the best option. When you attempt to open the door yourself, it is possible to damage it. The weatherstripping could be damaged and if you snag the coat hanger on another part without realizing it, you could cause damage. A locksmith has tools which he or she can use to quickly get into the car without causing damage. If the locks need to be changed, the locksmith can do it for you on the spot. Ultimately, the decision to call a locksmith or try to work on the door yourself is up to you. However, take some time to determine whether or not you have the time and patience for attempting to open it. Contact a company like A-AAA Locksmiths, LLC for more...

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Want To Take Your Furnishings Along? 3 Qualities To Prioritize With Rental Apartments

Posted by on 12:06 pm in Uncategorized | Comments Off on Want To Take Your Furnishings Along? 3 Qualities To Prioritize With Rental Apartments

When people go from living in one apartment to another at a young age, it is often easier to part ways with furniture, as opposed to throwing everything into a moving truck and bringing it along. But, you may have always loved the idea of buying a nice furniture set and keeping it with you for several decades. If you are planning to move out of the apartment where you initially bought your furniture collection, your top priority may be figuring out how you are going to get every furniture piece into your new home. Focusing on certain apartment features can minimize the chance of running into any issues. Entry Door Measurements The first thing that you will want to do when looking at an apartment is the entry door measurements. It is typical for them to range anywhere from 28 to 32 inches, so you should prioritize the high end. Another detail that you cannot forget about is the jamb, which will naturally take up some space. If possible, you may want to find out if you can actually remove the door while you are moving in to create more room. Inside Door Dimensions Getting into the front door will help you fit things like the dining room table and living room couch, but it may not do much for bedroom furniture that you will have to fit through other doorways. This is why you need to know the inside door measurements to know whether you can fit the furniture through or not. Some interior doors are smaller than entry doors, which can make things a little tricky. Ideally, you should also prioritize apartments that have 32-inch widths for every inside door that you need to get through. Apartment Location The floor that the apartment is on can play a huge role in your ability to get furniture inside. A narrow staircase to a place on the second floor could make it impossible to bring along your largest possessions. In this case, prioritizing apartments on the first floor is your best bet for avoiding complications. Another detail to consider is whether there are any obstructions around the entrance. For instance, having to go through a hallway before getting to the front door may be something you want to avoid. If you take the time to focus on these details when you go apartment hunting at complexes like Meadowdale Apartments, you should have no problem finding a place that works for safely fitting every piece of furniture that you have...

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Under One Roof — 3 Tips For Finding The Right Multi-Generational Home

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Looking for the right home for your family can be a difficult task. When that family includes several generations under one roof, it can become even harder. But if you’re in the position of buying a house to satisfy everyone — older and younger — here are a few tips to help make your real estate search more successful. Discuss Early and Often. Start the family discussion about your potential new living arrangement as early as possible — preferably in a neutral location rather than around the family dinner table where family dynamics can get in the way. For the best results, be sure to listen to the needs of everyone who will be living in the home and include even those family members who won’t be. Treat every family member’s suggestions, complaints and desires seriously. It might even be good to get each person to make a list of must-haves and don’t-wants so everyone is on the same page when you go house hunting. Be Creative. When looking at houses, recognize that you’re unlikely to find exactly the right layout in a traditional home. Instead, focus on what you can do within the existing confines of already-built homes. Being creative with your imagination can open up a lot more houses that may work for you. Remember that walls can often be moved, entrances may be changed and things like bathrooms can even be added. Can the garage be turned into an apartment on its own? Can you add a story above the garage or house for adult children? Can a master bedroom and adjacent room be repurposed into a suite for a parent?  Think About the Location. You can make a lot of changes to a home’s layout, but you can’t change its location. If the older generation in the home is still active, choosing a neighborhood with easy access to local amenities — grocery stores, parks, senior centers, libraries or other local hangouts — can make the transition easier on everyone. On the other hand, don’t forget the children in the house. If things get a little too close for comfort in the home, it might be important for kids to be able to get outside, meet with friends and enjoy themselves. If you’re unfamiliar with the local area, be sure to work with an experienced real estate agent who knows the neighborhood’s pros and cons.  Following these few steps when beginning your multi-generational home search can help ensure the best possible outcome — a property that everyone in your family will be happy to call...

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Residential Property Management And Settling Disputes With Renters

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Whether you are new to the rental property game or have owned rental properties for years, renter disputes are never easy to deal with. One of the best ways to work through and even avoid rental issues is to hire on a residential property management firm that can interface with your tenants directly. Here are four common tenant-related issues and what a property management team can do to quell these problems. 1. Proper Vetting of Potential Renters The best way to stay out of rental-related disputes is to get the right renters into your properties from day one. With proper screening, interviews, background checks and credit checks, residential property management firms can make sure that potential renters are good candidates. The hope is this will cut down on common renter-related issues such as paying rent on time and abiding by their rental agreement. 2. Better Back-up Documentation Renters may have valid concerns when it comes to their rental status, lease agreements, and existing damages within a property that they don’t want to be held liable for. These issues should be simple to review and discuss, but if you aren’t as organized as you would like and cannot find existing documentation on hand, this can open up disputes. Property management firms can keep copies of all documentation and pre-move in walk-throughs so that all agreements and property status are documented for. 3. Knowledge of Local Laws If you are a property owner that is out of state or are new to renting properties, there can be city, county, and state laws that pertain to your renters. In order to stay out of trouble and out of any sort of legal battle, have a local property management team deal with tenants. They can advise you on laws surrounding the notification process needed for site visits, how to remove tenants, and other legal rights that tenants may have. 4. Faster Response Time to Issues It can be hard enough to keep up with maintenance when it comes to one’s personal property, and can be downright stressful if you have an entire building to tend to. Taking renter’s emergency requests for property maintenance should be taken seriously and shouldn’t be put off. Property management teams can source local, well priced contractors, plumbers, and electricians to keep on top of general and emergency maintenance and interface with tenants. While you might want to save a few bucks and not hire on a residential property management team, they might actually save you money in the long run when it comes to potential renter disputes. Protect yourself and your tenants with a property management firm like Foreside Real Estate Management that can stop renter issues before these blow...

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