eRealEstatePro.com: Real Estate Guide eRealEstatePro.com: Real Estate Guide https://www.erealestatepro.com/real_estate_guide/ Copyright by eRealEstatePro.com en eRealEstatePro.com Mon, 18 Nov 2019 09:47:27 -0500 The State of the Boston Real Estate Market Boston was founded nearly four centuries ago, but it remains a dynamic city. It didn’t experience the same depopulation as many Rust Belt cities, and it has attracted ongoing redevelopment. Yet the housing market remains expensive due to factors ranging from geography to age. Let’s look at the current state of the Boston real estate market.

How Expensive Is Boston Real Estate?

Boston ranks in the top 10 most expensive real estate markets in the United States. It always comes in after New York and San Francisco. Honolulu, Hawaii rivals it in cost but often surpasses it, especially in affordability rankings. Boston is a large metro area. It is home to roughly four million people and 80 percent of the population of Massachusetts. This means homes range in price from 300K to 2.3 million dollars. You can, of course, find luxury penthouses and waterfront properties for much more. However, the median home price is between 500,000 and 600,000 dollars. In a few neighborhoods, you can find a single family home for 300,000 to 500,000 dollars; that isn’t much higher than the 220,000 dollar median home price for the entire United States.

Where Boston Ranks in Housing Affordability

One list that ranks cities by income inequality based on the Gini Coefficient are topped by cities like Atlanta, Philadelphia, New York, Washington DC, Chicago, and Boston. When the metro area is taken into account, New York, Miami and Los Angeles are the most unaffordable real estate markets, while Boston comes in eighth. This makes Boston a relatively expensive housing market, but it is more affordable than New York and DC because of the much higher median income relative to housing prices. This is why a surprising number of firms are relocating from NYC, DC and San Francisco to Boston or simply expanding in the area.

Why Does Boston Have a Stable Real Estate Market?

Downtown Boston has always had dense development. The walkable, bike-able communities served by public transit are ideal for Millennials who want to live in interconnected communities that don’t require a car to get from point A to point B. The city enjoys a relatively young population, as well, thanks to the world-class universities that attract students to the area. The low unemployment rate combined with high average incomes help the city to retain these young adults. There is still movement between the downtown areas full of childless young adults and empty nesters and the single family homes and larger condos found in the suburbs. Young families often move to the Jamaica Plain real estate market and similar neighborhoods within commuting distance of downtown Boston instead of fleeing the area.

Boston remains a stable real estate market in part due to its dynamic job market. Unemployment hovers around 3 percent. More importantly, the Boston metro area is attracting high tech and biotech firms that want to be close to East Coast markets, the Harvard and MIT campuses and multiple world-class hospitals. The availability of high paying jobs attracts many people to the area for work, but the overall job market isn’t experiencing such a boom that real estate prices are going up far faster than local salaries. This is why Boston real estate appreciated by less than one percent in 2019 and may only go up that much in 2020.

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Guide https://www.erealestatepro.com/real_estate_guide/the-state-of-the-boston-real-estate-market-1107.shtml https://www.erealestatepro.com/real_estate_guide/the-state-of-the-boston-real-estate-market-1107.shtml Editor Fri, 08 Nov 2019 04:13:07 -0500
How to sell your home fast in easy steps Are you looking to move to another place? Do you need instant cash? Do you want to sell house fast and you're worried about where to start? If you have ever needed to sell a house quickly, you know how frustrating it can be. Day after day, expect the perfect buyer to make an exciting offer. The current house selling market is getting new properties on sale each day, and it can be overwhelming with the right tools.

Tips You Need To Sell Your House Fast In the Current Market

It's never as easy as that when it comes to getting the perfect total sale for your property. Well, to be a real relief, sell house fast can be much more than a myth that all sellers had taken a look at. Bringing buyers to your door is very easy and straightforward today. But to evoke in them the intention of making a purchase soon at home is not so simple by its nature. However, with the following strategic steps, you can be sure to sell your house fast.

(1) Property price correctly

The main concern must be given to the aspect of pricing. A low price may result in a loss in the transaction. A high rate can have a hugely detrimental effect of making the buyer think about his decision to buy the house. These barriers can be mitigated by fair pricing based on an evaluation of the property, usually carried out by real estate agents. So, the first step, but the most crucial, when you try to sell your house fast, is to sell it at the right price.

Selling your home can often seem like an irresistible prospect, let alone sell it quickly. But with the right approach and proper preparation, it can certainly make it work as an efficient process and in which you can get an excellent price-performance ratio in terms of pricing your property.

For those looking to sell house fast, getting the best price for your property is the key. The best way to make your home more attractive is to order it, solve problems and, in turn, make sure it is beautiful, as it will look good in the market.

(2) Do repairs, renovations and improvements

Second, you must find the time to make the necessary repairs. That is a scene often lived where the buyer returns to see that the house for sale requires many repairs before moving there. Therefore, it is vital to verify that you have made all the essential repairs, even minor ones, before trying to sell them to someone.

The very appearance of your home can decide whether you can sell your home quickly or not. The display refers to both exterior and interior. Outsiders have the power to attract potential buyers and make the buyer reluctant even to enter their home. A well-maintained exterior looks attractive to buyers. But a poorly maintained person can quickly expel buyers.

Mowing the size of shrubs and gutter repairs can help you sell your home quickly. The interiors of the house give a warm touch to your home. Well maintained interiors suggest to the buyer that the house is ready to receive new inhabitants. So, the third step is to make your home attractive and straightforward.

(3) Get help from the real estate agency

You don't want to sell your house in a basement at a reduced price. Not only would it be unfair, but it could also even be financially disastrous, especially if you have paid a large portion of your savings and other capital reserves in your home. You should be able to sell your home quickly but at a price reasonably close to its value. The only way to do this is to work with a real estate agent that employs quick sales agents who possess the knowledge, skills, abilities and experience to achieve their goal. It is not something to leave in the hands of amateurs. You have to work with first-class people to get a first-class job.

Although there are several agencies in this quite specialized sector, not all of them meet the same standards of quality and service. You must take care of the agency you choose. You want to work with an honest and transparent Sell House Fast agency in your operations. You want to work with friendly, communicative and efficient people in your work. The most important thing is to work with a real estate agency known for its excellent and satisfactory service. And you know what, we Sell House Fast, we are here for you, get your house gone fast and at a price, you'll love.

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Guide https://www.erealestatepro.com/real_estate_guide/how-to-sell-your-home-fast-in-easy-steps-1106.shtml https://www.erealestatepro.com/real_estate_guide/how-to-sell-your-home-fast-in-easy-steps-1106.shtml Editor Thu, 07 Nov 2019 22:39:43 -0500
What to Consider When Choosing a Michigan Real Estate Agent? If you are like most people, your home is probably the largest and most treasured financial investment.

So, buying or selling a home is always an excitement for anyone; there's always the thrill of hunting home and the excitement of the deal.

Buying or selling is further enhanced by a realtor who is experienced in the real estate market.

Be as it may, Michigan has plenty of real estate firms that finding a perfect fit might spin your head into confusion.

See, real estate agents are no different from other professionals. The choice of an agent can either make or break your experience.

In this article, we shall highlight what you need to consider when hiring a Michigan real estate agent.

Location Knowledge

Your potential realtor should have extensive knowledge of the areas you selling or buying your property.

For instance, Harbor Springs realtors have a strong understanding of the Michigan real estate market, and they know the history and nuances of Michigan.

A realtor with location knowledge will make the whole process of hunting much easier and efficient than you would do it yourself, or another realtor with no knowledge of the region would.

A local-based realtor can identify and inform you of good opportunities in the market since they have a grasp on all that is happening on the grass-root level.

A good agent should give you an idea of what to expect when selling or buying a property.

Licensing

Professional agents must have proof that they have the official permit to provide realtor services.

There’re numerous benefits of hiring a licensed realtor.

For one, it means they're competent since licensing is based on competency tests to weed the dishonest realtors.

Secondly, a licensed realtor is backed by the state, and using a licensed realtor allows you to use the state’s dispute resolution in case of a misunderstanding.

You can find whether your realtor is permitted and licensed to work in your state through the Department Of Licensing And Regulatory Affairs.

Besides licensing, ensure that your real estate agent is a member of the National Association of Realtors, and they pledge to adhere to the strict realtor ethos.

Experience

The truth is a majority of the agent often gets their license and get right into their work.

While some of the real estates offer some form of training, but beyond that agents fumble their way into the market.

Sure, everyone has to start somewhere, but do you want your treasured investment in the hands of a novice who has no clue about the process?

No.

When hiring an agent, choose one with a track record.

See how long they're ben licensed and practicing in the real estate.

Choose a Person

Experience is a crucial component of choosing the best real estate agent, but it’s not everything.

Ideally, an agent should work with you and their goals should be aligned with those of yours.

Rather than choosing an agent based on experience or any other qualification on paper, choose an agent who you’re comfortable with, and you feel you can work together.

Since you’ll be spending a lot of time with your realtor, find someone who is more than a businessman but a partner or friend.

So, choose a relatable agent, approachable disposition, communicative, and one who ha plenty of information.

Conclusion

When all is said and done, the perfect way of finding a real estate agent is asking for recommendations from people you trust.

But regardless of how you find an agent, ensure they're professionals, comfortable to work with and experienced to negotate on your behalf.

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Guide https://www.erealestatepro.com/real_estate_guide/what-to-consider-when-choosing-a-michigan-real-estate-agent-1105.shtml https://www.erealestatepro.com/real_estate_guide/what-to-consider-when-choosing-a-michigan-real-estate-agent-1105.shtml Editor Sun, 27 Oct 2019 08:36:04 -0400
Driving fundraising success: a possible future of real estate investment Private real estate fundraising remains an uneven process. Signs at the beginning of the year pointed to a potential slowdown in both the number of new funds, and the total amount of new investment. And yet, while the amount of investment in 2018 fell over 10% to about $110 billion, analysts have noted that that number still crested the $100 billion mark for the sixth year running.

In the light of those numbers, what are some trends that real estate deal sponsors should beware of? Are investors rewarding particular strategies? What particular corners of the market should fundraisers focus their efforts on? This article looks at some of the available information and sketches out a possible future for fundraising success. 

Diverging funds

Nevertheless, there are signs that real estate fundraising is starting to mature and develop in new ways moving into the latter half of 2019. While 40% of new investment funds in the first half of 2019 completed the fundraising stage quickly (under 12 months), 38% percent spent more than 18 months in the market. This divergence means that while many fund managers can execute on fundraising quickly, a sizeable portion take significantly more time to have their funds fully subscribed. This “tale of two funds” may dominate the fundraising process for the immediate future; look for funds that achieve their targets quickly, and avoid the ones that have lingered in the fundraising stage for over six months. The size of the fundraising effort may influence this tale. Small funds may complete the fundraising stage more quickly, but at the same time large funds (funds over £1 billion) are increasing their share of the market. 

What other real estate fundraising trends can we detect in the current landscape? There are at least two others. First, riskier investment strategies in opportunistic and value-added funds are garnering most of the investors’ attention. Second, the relationship between real estate and real assets continues to shape opportunities for each.

Opportunistic and value-added funds 

The figures from Q1 2019 tell the tale clearly. $29 billion in funds which reached final market close during the quarter. Of that total, about $9 billion went into real estate debt funds, which aim to minimise risk by focusing on loans to selected borrowers and working towards specific goals. Less than a billion dollars went into funds focused on core property investments, among the least-risky of the equity-based real estate investment vehicles. That leaves nearly $20 billion which investors placed into funds focused on opportunistic and value-added strategies. These funds seek properties in need of physical improvement, better management, increased marketing, or any number of other upgrades to their existing qualities. Value-added strategies are riskier than core real estate investments; opportunistic strategies even more so (source).

Nevertheless, these strategies received the lion’s share of investors’ money, and signs point to that trend continuing. The future of real estate fundraising appears riskier, at a strategic level, than was the case previously.

Real assets and real estate

Real assets incorporates real estate as well as land, commodities, natural resources - nearly anything which is not a financial asset, such as stocks and bonds. Prior to the global financial crisis, real estate accounted for an overly-large percentage of the investment in real assets, nearly 70%. In today’s environment, a number of factors from investor caution to tighter lending restrictions have kept the level of real estate investment from climbing too high in comparison to the rest of the real asset market. Nevertheless, given the advanced real estate cycle, alternative investment strategies hold a lot of appeal for savvy investors.

Fundraisers looking to the future can see a path laid out for them, one which maintains a focus on real estate while also including other real assets. That same future, unfortunately, looks riskier, as on the whole investors have lately preferred funds with riskier profiles. Finally, managers of real estate funds would do well to examine the niche markets: student housing, data centers, and healthcare-related real estate are sectors of the broader real estate market which have out-performed. 

The possible future thus described does appear riskier, and goes against some accepted wisdom. And of course, no sponsor can guarantee success, regardless of the investment strategy used. But overall this future fits with the given information, about investments and investors that reward risk but still seek security. Sponsors take note, and fundraise accordingly!

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Guide https://www.erealestatepro.com/real_estate_guide/driving-fundraising-success-a-possible-future-of-real-estate-investment-1104.shtml https://www.erealestatepro.com/real_estate_guide/driving-fundraising-success-a-possible-future-of-real-estate-investment-1104.shtml Editor Tue, 22 Oct 2019 23:08:57 -0400
Where Is Himolla Furniture Made?

Himolla Furniture is made in Germany by craftsmen who are using techniques handed down through the generations. The people who work for this company create stressless furniture that is easy on the body, and furniture that is very easy to enjoy because it is so comfortable. There are a few hints listed below that explain why you should change to these comfortable furniture pieces.

Why Is German Furniture Such A Good Deal?

Himolla furniture from Germany is a good deal because Germans have been making fine furniture for centuries. Their country was once a kingdom filled with castles and ornate furniture pieces. You can still go into walled villages around Germany where craftsmen run the shops that were started hundreds of years ago. The craftsmen in these villages use modern tools, but they also use classic designs.

German Precision

Germans are known for their precise way of doing everything. If you have bought a German car, you know that it was built very well. The same is true of a piece of German furniture. However, a piece of furniture that is built well will never just fall apart. You are making an investment in furniture instead of expecting to replace these pieces in a few years.

German Furniture Uses Very Nice Wood

Germany is filled with beautiful forests, and those forests provide wood that makes each piece of furniture look exquisite. You will find several colors and wood grains that are intriguing, and each piece of furniture will be a bit different from the last. You are not only buying beautiful furniture, but you are buying unique furniture. There is an element of exclusivity when you buy these furniture pieces because they are all slightly different from one another.

Furniture Is Made For Every Function

Furniture that comes from Germany fits every function in the house. You can buy everything from a trunk to store your clothes to a recliner for the living room. A beautiful new recliner will help you relax when you get home at the end of the day, and you may even use one of these recliners if you are recovering from an injury or illness.

If you need to sleep in the living room at night because your bed is uncomfortable, this is the best chair to own. You can lean back, relax on the stressless frame, and relax your body completely. Ensure that you have one of these chairs in the house so that you can rest or recover. Plus, you may put one of these chairs in your waiting room or office to keep your clients happy.

The Fabrics Are Beautiful

You can purchase a recliner in any style, and you will find that each fabric is very comfortable. If you plan to sleep in the chair tonight, you want to lie down on fabric that is soft and forgiving. These beautiful chairs will change the way you rest at the end of the day, and the fabrics will blend in with your home’s decor. Your guests will be impressed, and people in your waiting room will want to sit in your recliner because it is so comfortable!

Conclusion

You can begin shopping for furniture online, find the perfect recliner, and find better furniture pieces for the house. There are many lovely fabrics to choose from, and you can buy furniture that allows you to rest at the end of the day. If you are new to German furniture, you will be stunned by the beauty and style of each piece. Plus, you will find functional pieces that help you relax at the end of a long day.

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Guide https://www.erealestatepro.com/real_estate_guide/where-is-himolla-furniture-made-1103.shtml https://www.erealestatepro.com/real_estate_guide/where-is-himolla-furniture-made-1103.shtml Editor Tue, 22 Oct 2019 04:27:32 -0400
Five Easy Tasks To Complete Before Showing A Home

When you are ready to show a home for sale, you need to make sure you have gone through a few different steps to get ready. Every home that is on the market is a little bit different, but you can apply these tips to any home that is on your list. If you are trying to sell a home for the highest price possible, you will find that you get better results when you impress your guests.

1. Pest Control Is Important But Overlooked

You can contact Turner Pest Control exterminators for help with pest control issues around the house. You can spray for termites and have an inspection done. You could have a spray done for ants or cockroaches so that you do not have any stray bugs when you are showing the house to potential customers. You should also ask the pest control technician if you have any issues with mice or rodents that you need to deal with.

2. Furnishings

If the house is furnished, you need to be sure that the furnishings look perfect. This can be hard for a family to manage if they have children, but you want the house to look as welcoming as possible. You can organize your furniture in a new way if you want, or you could bring in new linens.

3. Air Fresheners

You should have air fresheners in the house that will make the space smell nice. One of the best scents on the market is the aroma of fresh laundry. You simply need to make sure that you have set up something that will offer a pleasing aroma to anyone who is walking around. This may be especially important if your homeowner has pets or children.

4. Prepare A Presentation

You must prepare a presentation that includes all the details of the house. You cannot hide anything because it will all come out in the home inspection. It is best for you to share all the information that you have on the house so that the buyers know what they are getting into. The buyers can make competitive offers if they have more information about the house.

You should take the buyers to every room in the house as you explain why each room is a lovely space. You can give suggestions on how to furnish the room if it is not furnished, or you could show the buyers how you have been creative in using each room.

5. Landscaping

The landscaping has to look good if you want to impress any of your guests. The people who come through the house will not want to come in if the landscaping looks bad, and they may be turned off if the landscaping looks like it might be hard to maintain. Talk to the buyers about how they can organize the lawn in the way they might enjoy, or you could bring furnishings for the lawn that will make it look more inviting.

Conclusion

There are a number of people who may want to buy the house you have put on the market, but they cannot make a competitive offer if they have not seen it. Use the tips above to ensure that the house is ready for a tour. You can plan ahead of each visit, and you can create a lovely presentation for each buyer.

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Guide https://www.erealestatepro.com/real_estate_guide/five-easy-tasks-to-complete-before-showing-a-home-1102.shtml https://www.erealestatepro.com/real_estate_guide/five-easy-tasks-to-complete-before-showing-a-home-1102.shtml Editor Fri, 18 Oct 2019 23:28:19 -0400
Why Real Estate Needs Virtual Data Rooms

Virtual data rooms are necessary for a variety of services and industries that involve large document uploads and require extensive security for confidential data – real estate is undeniably one of them. From communication with clients to collaborating with boards, a VDR provides the necessary tools for real estate professionals to facilitate smooth transactions and close on large and important deals quickly and with ease. There seems to be a heavy emphasis on the M&A industry as the predominant user of VDRs, however, in this article we will discuss why a secure and easy to use virtual space is just as necessary for the due diligence before buying and selling of property as well as mergers and acquisitions

Security

The primary reason why any company would seek out a virtual data room for their document sharing purposes is for the excellent security providers strive to offer their clients. When it comes to sharing the information of clients looking to sell or buy property as well as any information from lawyers, ensuring that you find a provider with the necessary security compliances is crucial. A client or business is entrusting their information with a real estate agency that is working closely with them to share this information with third parties for review. The legitimacy and professionalism of an agency is at stake if they opt for a generic document sharing platform that isn’t complaint with vital acts and legislation.

Once this information is shared, a provider’s encryption should be working to protect both data at rest and in transit as you and your clients progress through a deal. There should not be any confusion or concealment of where these documents are going once they have been uploaded onto the virtual data room, nor should a client have to deal with the repercussions of insufficient security that has allowed their data become intercepted and leaked. The responsibility of choosing an effective document sharing service is in the hands of the real estate agency and can be detrimental to a deal if not correctly chosen.

Asset Management

Keeping track of the beginning to end history of a property can be tedious and difficult when you aren’t equipped with the right software. Virtual data rooms help make the real estate business that much easier by allowing agents to upload and store large amounts of data at a given time. Whether it is regarding financial matters, lease and tenant information, or acquisition documents, a VDR is prepared to house this data for as long as necessary and make it easy to view the life cycle of a property during a transaction or deal. Furthermore, certain features within the virtual data room make the process of sharing, downloading and updating this information for administrators and third parties easy and effective for various types of transactions.

Transparency

When dealing with clients and board members, transparency is key during a deal or transaction that you are trying to complete. Virtual data rooms specialize in allowing administrators to remain transparent while still secure with the information they upload and the feature implemented to maintain the utmost control over their documents. Working with multiple parties necessitates that everyone remains on the same page with the information being exchanged so that any issues or delays in a transaction can be avoided. The Q&A feature offered by many VDR providers is a great addition to the software as a means of communication within the platform to ensure that any questions or concerns can be addressed diligently, so that all parties are informed and aware.

Streamlining Processes

Much like the aforementioned Q&A feature, virtual data rooms implement other features that are also meant to streamline processes and promote efficiency all on one platform. The real estate industry handles multiple important matters, such as zoning, litigation, insurance, etc, so the ability to manage all of them in one specific space has a noticeable impact on an agency’s ability to provide the best service to their clients. With features such as versioning, new and old versions of documents are stored on the platform so that all information remains available to interested parties. A VDR also makes the auditing process much easier since anything that pertains to a deal is stored on one space, easily accessed and downloaded whenever needed.

Ease of Use

Managing the buying or selling of a property is a grueling enough process without having to consider whether or not the software you are using is also as tedious. Complex permission and control settings afforded to a user in a virtual data room allow the platform to be adjusted easily and data to be shared at the administrator’s discretion. Its purpose is to facilitate smooth deals with an intuitive interface so that any unfamiliar users can understand its intricacies as quickly as possible. With large amounts of documents being constantly shared and uploaded, simplicity is key – a successful VDR works skillfully with a small learning curve so that anyone can feel comfortable within it.

Coordination

The most important factor of any project that involves multiple parties is strong and constant communication with one another. As real estate agents work with their clients they must ensure that no one is left out and no information is forgotten as they push forward with a deal. A VDR offers real time communication within the room via features such as Q&A, and also provides reports for the documents that are shared on the platform. With these, clients as well as agents, can view how much interest and attention certain documents are garnering over others and understand what buyers or auditors are interested in seeing more of.

This knowledge allows the entire team to coordinate their process effectively and with concerns or questions of other parties involved kept in mind. Open communication is vital for any professional relationship and project to succeed, so finding the right virtual data room for you and your client’s needs can completely transform and elevate the process in order to reach desired results.  

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Guide https://www.erealestatepro.com/real_estate_guide/why-real-estate-needs-virtual-data-rooms-1101.shtml https://www.erealestatepro.com/real_estate_guide/why-real-estate-needs-virtual-data-rooms-1101.shtml Editor Thu, 17 Oct 2019 22:52:35 -0400
Reasons Why You Need Modern Home Plans When Building A House

In some cases, homeowners tend to overlook the importance of using home plans when building a new house. Some would think it’s unnecessary in the home building process. However, the truth of the matter is that house plan plays an essential role in every construction stage. It consists of the site plan, floor plan, foundation plan, and elevations that represent the accurate dimension and scale of a house project.

While it’s understandable why some homeowners don’t want to put time and money into modern home plans, there are still many reasons why you should have them for your construction dreams.

Continue reading this article to learn more about the importance of home plans when building a house.

  1. You Can Stay Within Your Budget

Since a construction project is an exciting undertaking, it would be easy for you to forget about your budget. But with the presence of home plans, you let your builders know and understand your financial limits. Not only that, but home plans can guide you in your spending limits.

It’s worth remembering that building a new house can be extremely expensive. Thus, if you want to stay within your budget for the entire construction project, buying home plans can be a huge help. With them in place, you’ll be confident that your dream house is budget-friendly and not beyond the initial price of the agreement.

  1. You Can Get The Overall Concept Of The Building Project

Typically, a set of home plans can be your complete resource for the whole building process. It outlines the design you want for your house, which gives you and your builders an overall concept of the project. That said, purchasing modern home plans with photos can really be a great idea.

From the foundation and roof framing to the wall framing and interior layout, a home plan provides you an illustration of what to expect from your house once all the construction stages are complete. In short, it gives you an idea of what your home should look like. Knowing what to expect from the construction makes sure you’ll get precisely what you want from the finished project.

  1. You Need Home Plans To Get A Building Permit

In most cases, constructing a new house requires you to obtain a building permit. Without such, you may not be able to build your dream house the way you want it to be. Because of this, you’ll definitely need modern home plans before you can get a building permit. The reviewers of the building department will review your set of drawings to ensure you comply with the requirements.

If your plans don’t meet the minimum requirements, you may not only get a permit, but you also have to revise everything all over again. However, it’s essential to take note that building codes and regulations vary from one state to another.

Therefore, you need to buy home plans from professionals who understand the building laws of the state you’re in.

  1. You Can Ensure The Safety Of Your Newly-Constructed House

Having a home plan means you’ll get full information regarding the structure of your home. These may include the foundation, sturdiness of the roof, plumbing, and electrical systems. If you have all the information ready, you can proceed with the construction process based on the safety standards available for any project. Hence, get a home plan now that ensures the safety of your house once the building is finished.

Conclusion

If you plan to build a new home, make a real effort to check the importance of modern home plans discussed above. All in all, homeowners like you should pay attention to having a detailed plan from the very beginning. That way, you'll be more confident living in a well-made and safe house that meets your expectations.

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Guide https://www.erealestatepro.com/real_estate_guide/reasons-why-you-need-modern-home-plans-when-building-a-house-1100.shtml https://www.erealestatepro.com/real_estate_guide/reasons-why-you-need-modern-home-plans-when-building-a-house-1100.shtml Editor Thu, 17 Oct 2019 02:34:03 -0400
Tips for Marketing & Building Your Vacation Rental Business 

Just like most marketplaces, the vacation rental marketplace is a competitive one. And, truth be told, it won’t get any less competitive. Fortunately, though, there are some tactics you can employ that can drive business your way.

In today’s blog, we’re going to look at 4 tips for marketing and building your vacation rental business. So, whether you are just getting started or have been renting homes for years, these tips should help you adapt to the current market.

Tip #1: List your property on top rental listing channels.

The trends show that more visibility leads to more bookings. As such, listing your property on top rental listing sites should help in this regard.

You can list your property in dozens, if not hundreds, of listing channels. These range from major bigwigs like HomeAway, or classifieds similar to the likes of Kijiji and Craigslist. Then there are the hyper-targeted marketplaces like SmokyMountains.com.  

If you have the time to do the listing yourself, great! However, if you don’t have the time or are simply inexperienced in this sought of stuff, then hiring a channel manager would be the best option.

The following are some examples of common listing sites: 

  • com
  • com
  • com
  • com
  • HomeAway

Since there are many of these sites available, only choose those that cater to the kind of guests you’re looking for.

Tip #2:  Invest in a professionally designed website.

If you want to compete in today’s growing market, designing a professional property management website is absolutely necessary. Sure, done right, getting featured on some of the top listing channels will help your rental business get the exposure it needs.

However, a great website can help you differentiate yourself from the smorgasbord of other options out there.  

You have two options when it comes to owning a website. One, to hire a website designer to create it for you from scratch. If you have the budget, then this is the best route to take. Two, you can opt to use a website creator like Weebly, Wix, or Futurestay. This is a good option if you’re starting on a rather tight budget. 

Whichever you choose, though, make sure to make it as professional as possible. Needless to say, the more professional it looks, the higher you should expect the bookings and conversion rates to be.

That said, owning a website is only half the battle. To win the other half of the battle, you need to let potential guests know you have one. This is where online marketing comes in. For you to succeed here, you need effort, time, and money. This is because you may need to do some social media promotion, e-mail marketing, and search engine marketing.  

Done properly, the visibility your property will get from these strategies should help drive traffic to your website and, more importantly, drive bookings.

So, how exactly do you go about utilizing social media to market your vacation rental business?  

You can go about social media marketing in two ways: running ads and creating engaging content. Both have their own fair share of strengths and shortcomings, but it’s the balance you should be aiming for.

  • Ad Creation: When starting out, you may need to do a lot of trial and error, as you may have difficulties finding the perfect demographic to target. Ideally, start out with a small budget and make adjustments depending on the results. 
  • Content Creation: It may sound cliché, but content is king! If you churn out low-quality content or use poor images or videos, you may not be able to see any return on your investment.

If you have challenges with coming with high-quality and engaging content, then consider hiring a content manager.

Tip #3: Make your vacation rental business a brand.

Now that you’re giving your property the exposure it needs; the next step is to make your property a brand.

Fortunately, this doesn’t require much time investment from your part. Something as simple as adding a Yelp list of fun things to do nearby can do wonders in helping you drive potential guests to your property.

Tip #4: Consider hiring a property management company.

Do you have experience screening guests? Are you knowledgeable on the many federal, state and local laws governing the vacation rental industry? Do you have the time to respond to your guests’ maintenance requests?

These are just some of the questions you need to answer before deciding to manage your vacation rental property. If you have little to no experience in these, then consider hiring a professional property manager.

Shop around your local area for one that suits your individual circumstances and requirements. 

There you have it. 4 tips on how to market and build your vacation rental business. Executed properly, these tips should help your vacation rental property get maximum exposure, and consequently, more bookings.

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Guide https://www.erealestatepro.com/real_estate_guide/tips-for-marketing-and-building-your-vacation-rental-business-1099.shtml https://www.erealestatepro.com/real_estate_guide/tips-for-marketing-and-building-your-vacation-rental-business-1099.shtml Editor Wed, 16 Oct 2019 23:02:20 -0400
Property Development Process

The property development process consists of a series of steps by which developers seek, stack and execute a real estate development project. A lucrative property development process includes measures that will take you from the initial task of finding development sites to the completion of your project.

When it comes to developing a property and becoming an ideal property developer, you have to buy, improve and sell much more than you see at first glance. As a primary developer or even an armchair developer who recruits a project manager and a team of consultants,  You need to take on different roles and responsibilities to get the job done.

Understanding these roles begins with understanding all phases of the development process, from conception to completion. By learning a little about each stage and seeing where it fits in, you can clarify the process and make a more informed decision about your involvement. As your knowledge grows, so does your trust that you could do so.  So take your time and read through the following five major stages of a typical property development process.

Stages of a lucrative property development process:

  1. Innovative Research
  2. Conception
  3. Pre-construction
  4. Construction
  5. Completion and Promotion

1. Innovative Research

Before you spend a penny and make appropriate documentaries, you ought to have a clear idea of ​​what you want to achieve. And also, the kind of development you want to be set in play.

When you do research and have a vision, you develop a concept for what you will build in your development process. You employ the ideal property development team, you get the right reports, and then you award the construction to a builder.

This process involves the provision of all the information you should need to find out where you can make money. Evaluation of some potential suburbs, neighbourhoods and also locations, conducting a preliminary market survey, budgeting, conducting a preliminary financial analysis, preparation of timing analysis, and review of the Council's political climate and process. It is of importance that you must study the Council's zoning cards, identify potential locations, and discuss your possible development process with a council planner.

2. Conception

After completing your research and once you've found a potential site, the next logical step you will need to do a feasibility study to work out a concept.

This means that you should set up a basic business plan for your development process which must show that it has the potential to generate a lucrative return. The feasibility concept involves conducting a market study and preparing a preliminary program for the project. At this point, you should carefully assess the market demand in the area of ​​your choice.

You want to design and realize a project that has the optimal marketability. You evaluate the criteria, set a target budget, compile your original financial plans, set milestones, and confirm the zoning and required approvals.

3. Pre-construction

When it gets to a state that you can affirm that the project will be profitable, then, construction should  be set in play. You must complete the proper acquisition of the site, obtain approvals from all necessary regulatory body and begin operations with builders and the other professionals you need to construct the project. Your finances must also be taken into consideration and given a correct evaluation, employ an architect to draw out plans and data for you, and evaluate potential builders and project managers. You will then make a submission of the development proposal, revise and update your feasibility study, and possibly begin pre-sale.

4. Construction

This is the stage in which your project will finally become visible and tangible. You may not be directly involved in any of the actual construction works. But you will be much satisfied when your efforts have been put to work. And the project is accomplished. You will need to appoint a project manager who will oversee the different stages of the construction project. While you also select a main builder and make clarifications for the construction works.

5. Completion and Promotion

Always have it in mind that your profit will not be in your pocket until the construction is complete. And you will need the appropriate property and certificates to sell your finished product. Create a marketing plan for your developed project and sell the property to make profit. You need research for a target market, take up creative materials that will fit the marketing channel, choose a channel, and run a sales campaign.

Having a necessary foundation for the property development process. As a property developer, you can spend your profits as equity, hold, refinance or get a line of credit. That way you can use the capital again for another project. And then repeat the process.

 Keep building on it, and you'll be well on the way to realizing your dreams of wealth creation.

]]>
Guide https://www.erealestatepro.com/real_estate_guide/property-development-process-1098.shtml https://www.erealestatepro.com/real_estate_guide/property-development-process-1098.shtml Editor Wed, 16 Oct 2019 00:58:32 -0400
Property Development Process

The property development process consists of a series of steps by which developers seek, stack and execute a real estate development project. A lucrative property development process includes measures that will take you from the initial task of finding development sites to the completion of your project.

When it comes to developing a property and becoming an ideal property developer, you have to buy, improve and sell much more than you see at first glance. As a primary developer or even an armchair developer who recruits a project manager and a team of consultants,  You need to take on different roles and responsibilities to get the job done.

Understanding these roles begins with understanding all phases of the development process, from conception to completion. By learning a little about each stage and seeing where it fits in, you can clarify the process and make a more informed decision about your involvement. As your knowledge grows, so does your trust that you could do so.  So take your time and read through the following five major stages of a typical property development process.

Stages of a lucrative property development process:

  1. Innovative Research
  2. Conception
  3. Pre-construction
  4. Construction
  5. Completion and Promotion

1. Innovative Research

Before you spend a penny and make appropriate documentaries, you ought to have a clear idea of ​​what you want to achieve. And also, the kind of development you want to be set in play.

When you do research and have a vision, you develop a concept for what you will build in your development process. You employ the ideal property development team, you get the right reports, and then you award the construction to a builder.

This process involves the provision of all the information you should need to find out where you can make money. Evaluation of some potential suburbs, neighbourhoods and also locations, conducting a preliminary market survey, budgeting, conducting a preliminary financial analysis, preparation of timing analysis, and review of the Council's political climate and process. It is of importance that you must study the Council's zoning cards, identify potential locations, and discuss your possible development process with a council planner.

2. Conception

After completing your research and once you've found a potential site, the next logical step you will need to do a feasibility study to work out a concept.

This means that you should set up a basic business plan for your development process which must show that it has the potential to generate a lucrative return. The feasibility concept involves conducting a market study and preparing a preliminary program for the project. At this point, you should carefully assess the market demand in the area of ​​your choice.

You want to design and realize a project that has the optimal marketability. You evaluate the criteria, set a target budget, compile your original financial plans, set milestones, and confirm the zoning and required approvals.

3. Pre-construction

When it gets to a state that you can affirm that the project will be profitable, then, construction should  be set in play. You must complete the proper acquisition of the site, obtain approvals from all necessary regulatory body and begin operations with builders and the other professionals you need to construct the project. Your finances must also be taken into consideration and given a correct evaluation, employ an architect to draw out plans and data for you, and evaluate potential builders and project managers. You will then make a submission of the development proposal, revise and update your feasibility study, and possibly begin pre-sale.

4. Construction

This is the stage in which your project will finally become visible and tangible. You may not be directly involved in any of the actual construction works. But you will be much satisfied when your efforts have been put to work. And the project is accomplished. You will need to appoint a project manager who will oversee the different stages of the construction project. While you also select a main builder and make clarifications for the construction works.

5. Completion and Promotion

Always have it in mind that your profit will not be in your pocket until the construction is complete. And you will need the appropriate property and certificates to sell your finished product. Create a marketing plan for your developed project and sell the property to make profit. You need research for a target market, take up creative materials that will fit the marketing channel, choose a channel, and run a sales campaign.

Having a necessary foundation for the property development process. As a property developer, you can spend your profits as equity, hold, refinance or get a line of credit. That way you can use the capital again for another project. And then repeat the process.

 Keep building on it, and you'll be well on the way to realizing your dreams of wealth creation.

]]>
Guide https://www.erealestatepro.com/real_estate_guide/property-development-process-1097.shtml https://www.erealestatepro.com/real_estate_guide/property-development-process-1097.shtml Editor Wed, 16 Oct 2019 00:58:24 -0400
How Much Should You Put Down On A Florida House? How much should you put down on a house? The simple answer is “as much as possible”, though there’s more to it than this. Few of us can afford to buy a house with cash. Let’s look at the factors that affect the purchase price of a house and how much you should put down on the property. We’ll also explain how these factors determine what lenders are willing to lend you.

The Cash You Have Saved

There may be an impulse to put all the cash you have down on the property, but that’s not always the best choice. For example, you don’t want to put 5,000 dollars more down toward the home and have to rack up credit card bills to fix little things that need to be fixed. You may need a few hundred dollars to pay movers or cover last minute expenses like a stolen pool sweeper. Others forget additional expenses like a professional engineer inspecting the foundation, a second appraisal when you’re concerned about the valuation, or closing costs on the loan. Don’t put 3,000 more down on the property and then roll the same amount in closing costs into the home loan, or worse, take out a more expensive loan to pay for them. However, you need to be careful not to get comfortable with debt, going out and buying new furniture and totally redecorating.

Florida Mortgage Insurance

If you don’t put 20 percent down on a house, you’ll have to pay private mortgage insurance. This reduces the risk the bank takes by loaning you money to buy a house that doesn’t have much equity in it. A side benefit of putting more money down on the house is that your house payments will be lower. Note that you can ask for mortgage insurance to be waived once you’ve achieved 20 percent equity in the property.

Carrying Costs in Florida

Lenders will determine whether or not you can afford the house by factoring the ongoing expenses of the property in addition to the monthly house payment. Unfortunately, Florida has some of the highest homeowner’s insurance rates in the country thanks to all those hurricanes. And you’re going to pay the highest insurance rates when you buy a house on the coast.

The other factor lenders take into account is property taxes. Florida may not have an income tax, but they have to pay the bills somehow. And they do so by having high property tax rates. Property tax rates average around one percent of the value of the property paid every year. Homes for sale in Coconut Grove surpassed 500 dollars per square foot in 2018. This means that a thousand square foot home costs around half a million dollars. And the property tax bill for an owner occupied property is around 5,000 dollars a year. If you buy a property in an HOA, that cost has to be factored into the carrying costs, as well.

Lenders will verify that you can comfortably afford to pay the taxes and insurance in addition to the mortgage payment on the property. If you’re borderline, they may reject you. Or you could select a cheaper home. Be careful not to overstate your income or minimize expenses to get approved for a home loan, because your credit is trashed if you are late on a house payment.

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Guide https://www.erealestatepro.com/real_estate_guide/how-much-should-you-put-down-on-a-florida-house-1096.shtml https://www.erealestatepro.com/real_estate_guide/how-much-should-you-put-down-on-a-florida-house-1096.shtml Editor Thu, 10 Oct 2019 10:03:44 -0400
Benefits of Property Styling

According to LJ Hooker, property styling can help in improving the capital worth of the sale of your property on a scale of between 7.5 and 12.5 percent.

Even those of us with properties which are not bulky in valuation, the profits can be profound. A three hundred thousand dollar house will cost at twenty-three dollars to thirty-eight dollars from styling it.

Property styling is "furniture leasing for the life of the sale of your fixed price or auction residence." Fitting your property with the carefully selected furniture and decor when at the same time inspections are being done helps in painting your house in the ideal light - and maybe you should give it a lick of paint fort too.

Property styling Sydney helps in stripping your home and making it neat with new furniture and modern touches which are put around to look like somebody's dream home. This is far much best than having the mismatched old sheets, crumbling armchair and wine-stained rug to showcase to the people interested in buying your home.

The strategy is the ideal option if you have already emptied your home for sale. Through the use of display furniture rental potential customers can see how it is important to use the parts in the property. You can create a mental picture of how space will look.

Benefits of Styling Your Property

Apart from boosting the sale cost of your property that you can expect to get, styling your house can also attract more potential buyers. In cases where the styling is utilized in pictures for promotions via real estate links, it has more chances of appealing people.

The rise in attractions to your property will help in identifying that you have more bidders if you are operating on auction or more offers from interested persons than you were expecting to receive.

It will also help in increasing the chances of selling your home more quickly. This is because the home will be communicating to potential buyers - "move right in! I am beautiful and ready to go!" - they might be very wanting to move in. This is a more enticing profit if you are in quick sale business.

Property styling is the best way of stimulating the sale price of your property without having to go through a lot. Getting expert property stylers will do the work of shifting in all the furniture and decor for you and move it out when the business is done. This is because they are experienced in making your house to be as dazzling as possible, one of the ideal techniques that can do magic for you when you want to sell your home.

Selecting the best furniture for your home is a great capital investment you must put in to safeguard a better future. You can lease the furniture, which is one of the ideal and the most effective solutions when you want to give an elegant look at your home decor and deal with the cost throughout the process of styling your property.

You can also style your home and give it a new look even when you are not planning on selling it. It is great to fall in love with your home again and again. This is enhanced by doing crucial home improvement approaches, and this is the time when a professional rental specialist comes in and takes care of all your burdens concerning styling your home.

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Guide https://www.erealestatepro.com/real_estate_guide/benefits-of-property-styling-1095.shtml https://www.erealestatepro.com/real_estate_guide/benefits-of-property-styling-1095.shtml Editor Thu, 26 Sep 2019 09:21:29 -0400
Tips for Buying Property in Cyprus

In recent years, many foreigners are relocating or buying property in Cyprus. According to the government statistics, the number of expats living in the country is currently at an all-time high. Most of the expats in the country have moved there in the past five years. In this article, we will highlight the key tips you need to remember when buying property there.

Why People Are Moving to Cyprus

There are several reasons why the inflow of expats is increasing in the country. First, after the financial crisis of 2011, Cyprus has emerged as the fastest-growing country in the region. In 2018, the country’s economy expanded by 4%, which was much higher than the EU average of 1.3%.

Second, the cost of living in Cyprus is much lower than that of other EU members like United Kingdom and France. For example, the average rental price of a townhouse in Limassol ranges between €850 and €1100. In cities like London and Paris, such townhouses rents for more than €2,000.

Third, the Cypriot government has put in place incentives to attract foreigners. For example, the investment passport gives foreigners national passports if they invest about €2 million in the country. This allows them to do business and travel anywhere in the European Union. A €200k investment gives them residency in the country. In the past few years, the country has attracted investment worth more than $4.4 billion using these passports.

Fourth, Cyprus is known to be a tax haven. This has made cities like Limassol and Nicosia emerge as leading financial hubs in Europe. The corporate tax of 12% and lax regulations have attracted thousands of companies in the country.

Other reasons why many foreigners are moving to the country are its safety, award-winning beaches, its diversity, and its strategic location.

Buying Property in Cyprus

As a foreigner the first thing you need to do is to travel to the country and experience the different places. You will likely prefer living in major cities of Limassol, Nicosia, Lanarca, and Paphos. Each of these places has its own main features, which might be of interest to you. If you are like most foreigners, Limassol will be your ideal location. Travelling to the various location will help you chose your ideal place.

After the informal survey, you need to find a property for sale in Cyprus. Like with most places, you can easily find and buy property by yourself. However, it is always recommended that you use an agent, especially if you are new to the country. Agents will have a huge portfolio of property that will be of interest to you. They have a good knowledge on the local property market. A good agent should have several qualities. First, we recommend that you chose agents from established companies. Second, the agent should have reasonable charges. Third, the agent should have good reviews from past clients.

After finding the property you love, don’t make the purchase yet. As a foreigner, you need to ensure that everything you do is in line with the law. As such, you should find a qualified law firm that has expertise in property and immigration law. On immigration, the lawyer will help you get a Cypriot passport, especially if you are using the immigration passport described above. The property lawyer will help you fill all the documents you need to acquire the property. They will also help you verify all the details you have been told by the agent.

After all this, you should now pay for your property. If you already live in the country, you can find one of the many local moving companies. These companies will help you move your property to your new home. If you are based abroad, you can use the many international moving companies. You should then start furnishing your house by buying furniture. You can read some of the tips for moving to a new house here.

Final Thoughts

Cyprus is an excellent country and in the past few years, thousands of expats have moved there. As mentioned, there are many reasons why people are settling there. As with all places, moving is a hectic thing and buying property is an expensive undertaking. Using the tips described in this article will help you find a good property, at a good location, and at a fast rate.

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Guide https://www.erealestatepro.com/real_estate_guide/tips-for-buying-property-in-cyprus-1094.shtml https://www.erealestatepro.com/real_estate_guide/tips-for-buying-property-in-cyprus-1094.shtml Editor Fri, 23 Aug 2019 14:00:00 -0400
Roof Restoration in Melbourne Victoria Roofs don’t last forever, and because of this, it’s crucial to have a hands on roofer be available at your fingertips to fix your roof, or replace it. One thing to notice is that every roof is different and not created equally. Many budget-hungry roofers will use low quality tiles (and home manufacturers) so they can finish a job, and unfortunately these shingles become loosened, or end up being susceptible to damage over time. When your roof is compromised, you could end up with more problems like leaks, mold, and more. To avoid these hassles, we’ll give you a guide about finding quality roof restoration services if you’re in Melbourne, Victoria.

Types of Roofs Commonly Restored

As mentioned above, not only is workmanship a required necessity, but having high quality materials are as well. There are numerous options available when it comes to the types of roofs that can be restored. Terracotta roofs are meant to last a long time, and you want your materials to last at least 20 years, so having high quality cement is a good idea. With metal roofs, you can’t always get it restored, but you can get your roof replaced.

These roofs are extremely durable and able to be coated that can help increase the lifespan of every sheet. Of course, there are typical shingles as well, and there are many telltale signs that you may want to look for (we’ll get into that soon), that can let you know if you need your roof restored.

Hiring the Right Roofing Contractor

You want to ensure that the contractor you’re hiring, as well as all of the subcontractors that work for them is fully licensed and certified, as well as insured. This will show that they are able to provide the best quality work and that should any accidents happen, you won’t be liable for them. Look for options that you can choose from and be sure to ask about other projects they’ve done. If they can’t give you a rap sheet, then you may want to consider going with another contractor, because references are also an important aspect to finding the right roofer.

How Much Does it Cost?

In general, the average roof tile restoration is about $2500 on most homes, but in some special contracts, the roofing restoration process can take up to eleven thousand dollars. The price is going to vary, as there are many factors to consider. If you’re getting your gutters cleaned, you may end up spending a lot less (many roofers can do this as well), but you need to factor in every cost, including the cost of having your roof cleaned. If you’re getting a metal roof restored and painted, you’ll have to consider the price of the paint that is going to be used too.

Conclusion

Finding a company like Summit Roofing Services in Melbourne isn’t always an easy task, but nevertheless, they are serving the community with quality service in roof repairs, restorations, and at the worst-case scenarios, replacement as well. They offer affordable prices and have over thirty-five years of experience with a quality team of certified and insured roofers.

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Guide https://www.erealestatepro.com/real_estate_guide/roof-restoration-in-melbourne-victoria-1093.shtml https://www.erealestatepro.com/real_estate_guide/roof-restoration-in-melbourne-victoria-1093.shtml Editor Fri, 23 Aug 2019 06:22:41 -0400
Air Conditioning Installation for Older Homes Without Central HVAC Units Most homes in the real estate market have no trouble being able to keep cool or stay warm, but over time, the older a house gets, the more likely they are to start losing the ability to do those things. Not only that, but some older homes don’t have the proper ductwork that is necessary in order to get that central air unit installed or running well to keep you from having to have your whole house heated or cooled. Well, there are now affordable solutions that are becoming more widely used and are extremely energy efficient.

What type of duct system can benefit an old home more than most?

In general, we’ve seen many homes have standard ductwork, and even more than that, it will seem like your electric bill does too. With recent technology though, innovations like high-velocity miniature duct systems have been able to be the most minimally invasive to your home’s structure, while still delivering optimal heating and air conditioning from your central unit.

Many people would lose precious space in their home due to dropped ceilings, less space in crawl-spaces, and more. Therefore, these alternatives offer a way to install small ducts that can literally be snaked around through your walls. By being smaller, they push the air through at a faster rate, and can even be more efficient than a regular old wall, floor, or even ceiling vent. Originally, these systems were meant to cool homes that had radiators, but they’re making their way into homes by delivering more optimal heat and cooling to your old house.

What to Know About Air Conditioners?

Most people have the common belief that air conditioners take hot air outside and just generate and blow out cold air. This is a big misconception as to how air conditioners really work. Their main purpose is to draw the heat out of your home at an accelerated rate. Similar to putting a fan in your windows blowing heat out, an air conditioning unit actually draws the warm air out of your home, then while the other part pulls in air, it super-cools it as it passes through the regrigerated, copper tubing, then pushing that cool air back into your home.

Most people recognize the condenser units that are sitting outside more than anything for central air. It’s the giant-shaped box that is often noisier and sits outside your home on a concrete pad.

How a Mini-Duct works

A mini-duct system is a lot different than a standard air duct, as they are smaller, more flexible, and offer a more versatile amount. In order to get the same type of air being cooled, more force has to be able to push the air through the smaller tube, but it does so a lot more efficiently compared to the larger vents. Therefore, things like placement are extremely important as well.

Conclusion

While these mini-duct systems aren’t the only way that you can heat or cool an older home, it’s just one thing that is starting to reach the mainstream. Installation is rather easy for an HVAC contractor like Reliable Standard Heating & Air Conditioning. First, they’ll install the ducts and then go from there. While these ducts are a little more expensive than standard ductwork, they’re more than worth it when they don’t require you to change the entirety of your home in order to install them. Not only that, but they take a lot less to install and have less leakage than standard ductwork.

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Guide https://www.erealestatepro.com/real_estate_guide/air-conditioning-installation-for-older-homes-without-central-hvac-units-1092.shtml https://www.erealestatepro.com/real_estate_guide/air-conditioning-installation-for-older-homes-without-central-hvac-units-1092.shtml Editor Fri, 23 Aug 2019 06:12:44 -0400
5 Tips for Selling Your Texas Home Fast and for a Good Price Texas remains one of the hottest real estate markets in America, so selling a home there seems like it would be easy. And it might, if you are lucky, but the reality is such that this market is competitive and it has been slowing down. Therefore, a highly interested seller will need to be proactive in order to get the best possible price fast.

Is Now the Right Time to Sell Your Texas Home?

As mentioned above, the real estate market in Texas burns quite bright today. However, it’s not as hot as it used to be even a year ago. According to experts, it’s nothing to worry about because the market is “returning to norm” instead of showing signs of collapse. However, home sellers need to understand that the rapid growth has stopped, so there is a risk of your property sitting on the market for a much longer time.

And yet, the market as a whole, especially in some cities, can still be classed as “blisteringly hot” because Texas is where the jobs are right now, and many of the people who move here for work are looking to settle and buy houses.

All in all, while the market today offers some good opportunities, you’ll need to consider your decision carefully and think long-term. If you choose to sell, the following tips will help you do it faster.

5 Effective Tips for Selling Your Texas Home Fast & For Top Dollar

1.      List the property above the market price

While it’s true that overpricing your home will make it sit on the listing longer and might even make it impossible to sell, there are some exceptions. When the prices on the market are growing steadily, you have an opportunity to actually sell your home for a price higher than the average in your neighborhood.

However, for this to work, you need to raise the price a little bit, like 3% maximum. Going overboard can backfire and you will need to lower it anyway after several months of wasted effort.

Bear in mind that while real estate prices in Texas are still growing, they do it at a much slower pace. You need to consider this when setting the price for your house. Study the data from your neighborhood within the last 5 years but pay more attention to the 2018-2019 numbers and use them as guidance. And don’t forget to discuss this issue with your real estate agent. They will be able to advise the best course of action based on your goals.

2.      Include a home warranty

There is an easy way to boost both the price and speed of selling your home in Texas by making one investment of about $400-600. That’s home much a yearly coverage of a home warranty plan will cost. And this plan will make a huge difference because it provides the buyer with some reassurance, which adds to their motivation to buy.

Due to reasons like climate and the abundance of new and large homes with expensive systems and appliances that go on sale, Texas’ home warranty market is steaming. It’s no surprise because the weather in the state puts a lot of strain on home appliances, and people know that. Of course, they want to have some protection against the big repair costs. A home warranty plan offers that protection and more because it also provides a single point of contact between the homeowner and all repairmen and contractors that will be hired to fix whatever problem.

Texas also tops the nation in the number of new homes being built, and sellers of those properties benefit from home warranties the same way as they provide some more quality guarantees to prospective buyers. Overall, providing this type of coverage for your home shows that you care for the buyer’s interests, which also helps you make a favorable deal.

3.      Stage the house and take great pictures

Nowadays, staging your home, either for a visit or a photoshoot (better go with both) is more important than ever. Surveys prove that staged properties sell faster and for 1-10% higher prices. Therefore, it’s a step you can’t afford to skip.

You’ll need to hire professionals to do both staging and a photoshoot of the property. Without the professional touch, no matter how hard you try, the end result will look just that tiny bit off.

However, you can do some prep, like massive decluttering and cleaning of the property. Even if you still live here, you should make your home look as welcoming and “neutral” as possible. Buyers usually don’t like reminders of the current residents when they browse properties.

4.      Market the property online

The pictures you take for the above step shouldn’t be restricted to the use on a few real estate websites. Treat your property as a product if you want to sell it fast today. This means you should market it as you would any product, which means internet marketing.

Depending on your situation, you should consider investing in paid ads and even press releases at various local media. You definitely should market your property through various related social media groups. Note that you should not only post your ad in the real estate related groups but also at the groups popular in or dedicated to your local community.

5.      Talk to your agent before fixing up

It’s imperative to do some home improvements if you want to sell the property for top dollar. However, you shouldn’t rush and make a big investment into what you think is the most important renovations.

Instead, consult an experienced local real estate agent. They should be able to advise what’s most popular with the buyers interested in your neighborhood. This way, you will be able to use your funds more efficiently.

In Conclusion: If You Want to Sell Fast, Offer Great Value

No matter how picky, a buyer won’t pass up on an amazing house, so make your property appear so attractive that people will feel that they are losing a great opportunity if they don’t snatch it up fast.

This will take some investment, but it will pay off fast as you’ll be able to get a better price, especially considering that the Texas market is very active at the moment.

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Guide https://www.erealestatepro.com/real_estate_guide/5-tips-for-selling-your-texas-home-fast-and-for-a-good-price-1091.shtml https://www.erealestatepro.com/real_estate_guide/5-tips-for-selling-your-texas-home-fast-and-for-a-good-price-1091.shtml Editor Fri, 02 Aug 2019 16:46:51 -0400
What to Look for in a Luxury Real Estate Agent You may be familiar with the advice to find an expert in the area where you want to buy a home. There's nothing that can replace the value provided by hyper-local knowledge. The real estate agent who lives and breathes real estate in a given area will be able to present properties that hit everything on your checklist. And they may be able to tap into the hidden market of properties that haven't hit the MLS yet, because of their personal connections. However, a real estate agent who sells homes in the suburbs is often a poor fit for those house-hunting in the luxury real estate market. They don't know the sellers or understand the buyers in that category, nor do they have the same grasp of the particulars of the luxury market. Consider it another form of hyper-local knowledge. This is why you can't use the conventional advice on finding a realtor to find a good luxury real estate agent. Here are a few tips on finding the right real estate agent when shopping for Calabasas luxury homes.

Experience

Anyone can be a real estate agent, assuming they've passed the necessary licensing exams. When you're shopping for a luxury home, you want a real estate agent experienced in the luxury home market. You don't want to have a real estate agent awed by features that are standard in that class of homes. You don't need a real estate agent who is unfamiliar with the common terms and conditions in these contract negotiations or taken aback by the amount of money involved. You should only work with a real estate agent who has experience in this space, because that's the only way they'll understand the nuances of the market. For example, etiquette matters more in the high end of the market. Discretion, flexibility and availability are far more important than negotiating ability.

Marketing Expertise

If you're selling a luxury home, the cookie cutter marketing plan doesn't work. Or, rather, it won't work unless you're willing to cut the price or let the house sit for a long time. Luxury real estate requires more extensive, focused marketing at the narrow market that can and will buy it. Conversely, those buying luxury homes should work with luxury real estate agents to find these same properties. Again, many of these won't be on the MLS. However, they may be shown in ads in local lifestyle magazines. These ads can actually direct you toward a real estate agent that works exclusively with the luxury market in your area.

A Compatible Personality

While you want a real estate agent who understands the properties they're offering and the value of each, they are working with you. They need to understand you and present properties that reflect your desires as well as your needs. If their personality clashes with yours, it is hard to build the trust required to sell a home with discretion or find a home that reflects everything you truly want. Conversely, you can't deal with an inauthentic person. Given the amount of money involved, you can't afford to make a mistake buying a home that requires extensive repairs, unplanned renovations or comes with problematic neighbors.

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Guide https://www.erealestatepro.com/real_estate_guide/what-to-look-for-in-a-luxury-real-estate-agent-1090.shtml https://www.erealestatepro.com/real_estate_guide/what-to-look-for-in-a-luxury-real-estate-agent-1090.shtml Editor Fri, 02 Aug 2019 09:02:08 -0400
How to make your new home child friendly. The arrival of a new baby changes so many things, your sleeping pattern, your diet, your availability and so much more.  One huge change that I found I wasn't ready for with my first child was the challenges of safety proofing my home.

Over a million children a year are admitted to hospital because of an accident at home, the majority of these accidents occur on children under the age of 5 (source Bathroom Supastore).

Drowning, suffocation and burns are the main causes of accidents in the home with children and because of this, I have researched the best methods for keeping your little ones safe at home.

Reduce the risk of drowning.

Unlike adults babies, won't make a noise if they slip into the water and they can drown in less than 5cm of it, therefore it's very important that you keep an eye on your baby at all times when they're in the bath.

There are many gadgets that you can use in the bathroom to prevent drowning, but for me, these pose a risk in themselves.  Gadgets can fail and baby bath seats can tip over as they are not regulated safety devices.  

To be safe, never leave your child unattended in the bathroom and always give them your full attention.  When you remove your baby from the bath make sure to empty it right away, this is especially true if you have more than one child.  Parents can often become distracted when looking after a baby and forget what their other children are up to, especially with slightly older children.

Reduce the chance of suffocation.

Babies should have their own sleeping area and should be placed on their back when sleeping.  Some parents choose to co-sleep and this can increase the chance of suffocation. We recommend that babies should be kept in their own sleeping areas such as a cot or a Moses basket, but if you do choose to co-sleep you will want to make sure that all pillows, blankets, sheets and any other loose materials are kept away from your baby.

You should not co-sleep if:

- You smoke.

- You are drunk.

- You are extremely tired.

- You have taken drugs.

You should also never sleep on a sofa or chair with your baby as this increases the chance of suffocation by 50 times.

When sleeping it's important for your baby to sleep in a comfortable temperature, not too hot or too cold.  The chance of sudden infant death syndrome is much higher in babies that get too hot. You should not dress your baby in too much baby clothing either when putting them to bed.

A room temperature of 16-20°C with a lightweight baby sleeping bag is recommended.  To test the temperature of your home you should invest in a baby thermometer.

All of the above is general advice, your baby will be different so it is important to check your baby regularly to see if they are too hot or cold.

Reduce the chance of burns.

Burns are another risk to small children in your home.  To prevent the chance of burns you should make sure that children are kept away from any open fires and if you do have a fire be sure to place a fireguard around it.

Smoke alarms should also be fitted at home, and you should install them in the kitchen and all the bedrooms in the home.   Be sure to check the smoke alarms every month to make sure the batteries are still working.

Finally, all children should be kept away from matches and lighters as they pose a risk to themselves and others.  Children who play with matches and lighters can start house fires.

Conclusion.

Having a new baby or a small child at home can be worrying and difficult at the same time.  Keeping your baby safe is a constant process and constant supervision is one of the best tips to keep your child safe.

With that said, the tips above are a good start to baby-proofing your home.  Do you have any tips on keeping your baby safe at home? If so leave them in the comments below.

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Guide https://www.erealestatepro.com/real_estate_guide/how-to-make-your-new-home-child-friendly-1089.shtml https://www.erealestatepro.com/real_estate_guide/how-to-make-your-new-home-child-friendly-1089.shtml Editor Thu, 01 Aug 2019 07:51:13 -0400
Should I use a buyer’s agent to purchase property? Buying property can be tricky. There are some major setbacks that can make the whole experience a pricey mistake.

Luckily, you can hire a professional property buyer to represent you at each stage of the buying process.

What do buyer’s agents do?

Property search:

Based on your criteria, they will search out the best property on the market. They also have access to off market listings.

What is an off-market listing? This is real estate that is for sale without a public selling campaign. The benefit of buying off market listings is a reduced level of competition when negotiating with the property seller.

Due Diligence:

Once you have shortlisted a few houses with your buyer’s agent, it’s their job to work out its market value. They will physically inspect the houses and a number of properties in the area. He/she will then compare this to recent sales in the area. This process will determine if the home is good for a long-term investment and its true market value.


Knowing market value is important, why? Banks will only lend you up to 80% of a property’s market value. It’s common for property buyers to over pay for property at auction then have problems financing the houses because banks will not loan out the funds.

A good buyer’s agent has some experience in construction. They will be able to spot any obvious structural issues a property might have.

Auction and or Private Treaty Negation.

By the time a property buyer has come to this point, they have emotionally bought into the property they’re looking at. At this point your buyer’s agent has short listed your best property from everything on the market, understand it’s true market value and mapped out a plan of attack.

It’s up to the buyer’s agent to bid at auction or negotiate via a private treaty on your behalf.

They will make a decision on submitting an offer prior to auction or choosing to bid at auction, depending on the property, buyer interest and the real estate agent’s reputation in the market place.

Prior to any negation, a buyer’s agent will complete their due diligence and construct a negotiation plan.

During a negotiating process, a buyers agents true tangible value shines. A good buyer’s agent should save you enough money to at least cover their fees. In most cases, you should save tens of thousands of dollars during any negation process.

Buyers agents have people in the know

When buying property, you will need a team of professional to help you succeed. A buyer’s agent can refer good quality conveyancer’s, mortgage brokers, property managers and building inspectors to help you get a deal done.

How much do buyers agents charge?

There are hundreds of buyer’s agents out there that have a range of fees and/or commissions.  Watch out for buyer’s agents that charge on a percentage of a property’s value as it can give them an incentive to spend money.

For transparency when it comes to fees, it’s wise to hire a buyer’s agent that has fixed fees regardless of a client’s budget or how much a buyer’s agent works (number of auctions or private negotiations).

Conclusion.

Buyers agents offer a non-emotional approach to buying good quality property. A professional buyer’s agent should save the buyer time and money, help them buy the right property for the right price and most importantly avoid the buying mistakes amateurs are prone to when buying property.

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Guide https://www.erealestatepro.com/real_estate_guide/should-i-use-a-buyerrsquo-s-agent-to-purchase-property-1088.shtml https://www.erealestatepro.com/real_estate_guide/should-i-use-a-buyerrsquo-s-agent-to-purchase-property-1088.shtml Editor Wed, 10 Jul 2019 10:07:25 -0400