Tag Archives: real estate

Deciding on Where to Live in the U.S.

Couple bought a house
Looking for a place to relocate in the U.S. should be an exciting time for you, as there is practically no end to the list of places you can choose from. As with any other buying choice, however, you have to consider the merits of the items on your list. Here are some of the criteria you may want to use:

Cost of real estate, cost of living

Some of the lists you’ll find in the best places to live in the U.S. include areas popular for the low or reasonable cost of living. For example, Saint Louis homes for sale are reasonably priced and the area promises low expenses for basic necessities. Even if you have the money to choose a house in a wealthy city, it’s difficult to say no to a bargain when the area offers everything else you need anyway. This is especially attractive to families.

Available features

The area you choose must coincide with what you value the most. For instance, if you are looking for a graduate school, the quality of education in the university or college you choose will likely dictate where you should live.

Keep in mind that if you are looking for a balanced life, you can’t pour everything into that. If you look hard enough, you’ll find a place with good schools and other features that matter to you, such as support for business or perhaps some facilities for healthy living like parks and gyms.

Neighborhood values

This is one of the most important factors you should never ignore. If you are a friendly person, you may want to spend a bit more time visiting areas where there is a strong spirit of community. If you prefer keeping everything to yourself, on the other hand, you may want to live in a neighborhood where people value privacy and quiet more than block parties

The good news is, whatever your interests are, there is a place in the U.S. where you can enjoy them and even get support for them. Do your research, talk to realtors, surf the Web, ask people you know about their neighborhood, and visit the places on your shortlist. If the place you want isn’t there, make another list. Do this until the features you value the most match the features of your options.

A Realtor’s Secret: 3 Ways They Attract Single Home Buyers

Single Home Buyer in North ShoreIn the past, buying homes was often a ‘tag team’ activity. When people say they wish to buy a home, others would assume they are married or considering marriage. To others, the idea that a single person wishes to purchase a family-sized house sounds ridiculous.

Today, however, that is no longer the case.

Making your property more attractive to single people is the new business move for today’s realtors. North Shore property managers focus on enticing single individuals not just to rent, but to buy a home for their supposed future.

But how do they do it?

Focus on the Lifestyle

Single people who buy their own homes have a particular lifestyle in mind. Couples with small children often think way ahead every time they visit a site. Single people, on the other hand, focus on the lifestyle they want to have.

Get to know the buyer at a professional level, but also pay attention to their interests. If your property has a small garden and the prospective buyer has a green thumb, point out the green lifestyle.

Highlight the Neighbourhood​

Families who buy homes focus on the neighbourhood, but what about single parents?

The proximity to schools, supermarkets and parks matters to those who work. Everything should be within their reach, and a neighbourhood that promotes easy parenting wins.

Real estate agents know that convenience is key. If the property is close to transport hubs or the central business district, it becomes more attractive to prospective buyers.

Make the Property Ready for Moving in

In this millennial age, single homebuyers want to move in as fast as they can. They do not have time for major renovations. They want to buy a property that they can move into immediately. From the fresh coat of paint to the necessary features, real estate agents ensure the homeowner will have everything they need when they move.

Real estate agents want a diverse market and today, singles are dominating the search. With these tricks, they easily reel singles towards their property.

 

 

Home Improvements to Add Value to Your Property

Home ImprovementThe housing and real estate market is still recovering, but there is no doubt it’s a lot better now than it was several years ago. When thinking about remodeling and home additions, it makes sense to consider how the project will affect your home’s value. So that if you ever decide to sell in the future, you can recoup the cost of the project and probably even make a small profit.

Some home improvement projects have almost instant positive effects on the value of the property.

Here are a couple of examples:

Bathroom Improvements

Remodeling or adding improvements to your bathroom is a great idea if you want buyers to appreciate your house even more and pay top dollar for it. In most cases, if a buyer sees how well you take care of your bathroom, and understands that you are willing to spend money on it, they may assume you take great care of the entire house. Adding an extra bathroom is not a bad idea, either.

Kitchen Remodel

The typical homeowner will probably spend a third of their time at home in the kitchen. For this reason, a modern and charming kitchen remodel is always a welcome sight for any homebuyer. Just be careful in deciding what colors to use. White is always a winning color when it comes to kitchens, as it makes the area look bright and clean.

Some home improvements depend largely on the location of the house to be effective in raising the property’s worth. If you live in an area where such an improvement is not uncommon — perhaps even expected — then you are making the right choice. Here are two examples:

Swimming Pool Installation

A swimming pool may cost a considerable amount, but it does add character to the property. Apart from making your home an instant venue for fun parties, exercise, and water therapy, a beautiful pool may also add to its market value. You may build one yourself, but it’s advisable to hire professionals like Advantage Grading and Engineering, from the excavation of the property to the pool material itself. A professionally designed and built pool is more likely to fetch you a handsome reward come selling time.

Adding a Fire Pit

A tastefully built fire pit can give your home a place for entertaining or simply spending some quality time with family outdoors even during cold weather. There are some considerations, however, such as getting a permit to build one and making sure the smoke from the pit doesn’t bother neighbors. If you build a fire pit, however, its presence alone can lend some class to your property.

Increasing the value of your property doesn’t have to be stressful. With smart planning and with the help of experts, you can make that remodeling project a successful one.

Improved Mortgage Lending Practices Contribute Lower Foreclosures

Mortgage Lending in Utah Mortgage lenders’ improved practices are one of the main factors for a record-low rate of foreclosures not only in Utah but the rest of the country, according to a report from national property database ATTOM Data Solutions.

The number of people across the U.S. that have lost their homes to foreclosures dropped by 15% in 2016, the lowest rate since 2006. The Year-End 2016 U.S. Foreclosure Market Report covered foreclosure filings such as default notices, scheduled auctions and bank repossessions.

The housing mortgage rate in Utah is considered to be among the best in the country, partly driven by its strong real estate market.

Foreclosure Rates

The foreclosure rate in the state reached 0.65% in the previous year, falling 7.21% from 2015. That’s also almost 80% lower than the rate registered in 2010. The ATTOM Data Solutions report based its findings on more than 2,500 counties in the U.S. and dealt with unique properties with foreclosure filings during 2016.

Nationwide, at least one filing was recorded for 0.70% of all homes in 2016 compared to the previous record of 0.58% of housing units with at least one default filing in 2006, according to Daren Blomquist, ATTOM Data Solutions senior vice president.

Positive Outlook

With the improvement in Utah’s foreclosure rate, City Creek Mortgage and other experts say that the outlook for its housing market remains relatively bright for 2017. A fast process of home sales, increasing prices, and a strong economy will continue this year.

Salt Lake City and Ogden are some of the areas in the state that were named among the “Top 10 hottest housing markets of 2016.” Aside from Salt Lake City, Orem is also one of the top 25 markets to consider for residential properties in 2017.

If you’re looking for a home either as an investment or a new place to live, Utah is a good choice due to its low jobless rate, stable income and continuous value appreciation.

Property Management: Top 3 Common Problems and What You Can Do

property management
An investment property can provide you with good, recurring income. But mismanagement can taint the financial security it offers. Focus on the most common problems you’ll encounter with your property, and resolve the issues before they endanger your profits.

Here are three common problems in property management, and their corresponding fixes.

1. Poor Tenant Screening

A wide range of problems can come from bad tenants. One, delinquent payment of rent. Two, damaging property. And three, illegal subletting.

A complete tenant screening process can eliminate risky renters. Do a background check, from the individual’s tenant history to credit score, and get reliable references.

2. Failing to Inspect the Property

The most successful management of properties will involve a thorough and regular inspection. Inspections prevent costly repair issues. They also ensure the comfort and safety of your tenants.

In addition to inspections, you’ll also need to implement a preventive maintenance program. Keep your building’s systems, from the security system to the HVAC system, in good condition and you don’t have to worry about complaints, accidents, and expensive repairs.

3. Saving Money by Hiring Bad Services

You may think you’re saving money with an inexperienced plumbing company or painting service. But when these services do a bad job, you end up spending more. Add the stress that comes from shoddy repair jobs and the savings from a cheap hire will not matter.

Whether it’s a simple repair job or a renovation, always go with vetted, experienced contractors. You may spend more, but the quality of their work will pay off in the maintenance of your rental property.

Property management can save you a lot of headaches, not to mention money. With a systematic approach to the upkeep of your apartment building or commercial complex, you can avoid problem tenants and get rent on time. Overall, you secure the recurring income you anticipate from the investment property.

Five Things That a Buyer Should Avoid During the House-Buying Process

Couple Checking their Score Credit in Taylor HillsPurchasing a house in Taylors Hill is a great investment. As a purchaser, there are things you may do or say that can hurt the deal. Avoid these mistakes and be on your way to owning that house. 

Failing To Check Your Credit Score

Ensure you have the necessary documents, and know how much you qualify for before getting into a contract. Most agents have been hurt when a buyer initially agrees to a contract only for the deal to fall apart because the intended buyer didn’t get loan approval.

Lowballing

If you genuinely intend to buy a house, do some research to know the market trends. It’s quite unfair to state an offer that is way below half the price of the house you want. HGTV suggests you make a reasonable offer that the seller may consider.

Renegotiating

After you have checked the house and its condition, make an offer that you can stick with up to the end of the deal. Modeina says home builders may list the prices on their website for your guidance. Don’t be a buyer who comes to renegotiate the transaction when it is time to pay.

Giving Misleading Information

Be honest with the seller. You don’t have to say everything about yourself, but you have to state facts. Some buyers exaggerate repair costs so they can ask for more than they should.

Talking Nasty

Talking harshly or using vulgar language while negotiating the list price won’t work. Some buyers use this strategy by telling the seller that the house isn’t worth its price or how they have seen better deals.

Some customers have lost the keys to their dream homes just because they did some things wrong. Follow the right strategies so you get a good agreement with the seller.