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The Rewards of Remodeling a Fixer-Upper

Enjoy A Boost To Your Income With The Right Updates To Your Rental Property

Posted by on May 26, 2016 in Uncategorized | Comments Off on Enjoy A Boost To Your Income With The Right Updates To Your Rental Property

As the owner to a rental property, it’s your responsibility to set up the home so that it draws in as much attention from potential tenants. If you’re having trouble finding tenants to fill the empty house, it may be time to do some remodeling work. If you’re unsure of how you can modernize your home and even enjoy an increase in rent from tenants, consider some of the following ideas. Modernize the Kitchen and Bathroom Two of the spaces that potential tenants will be looking at when searching for a house or apartment for rent is the kitchen and the bathroom. If the kitchen or bathroom is outdated or in poor condition, you should put these at the top your list for remodeling work. Some ideas for remodeling include replacing the countertops, updating the cabinets, and even replacing the flooring. Since the cost of each of these projects can vary greatly based on the materials and size of the spaces, you need to work out a budget so that you can go forward with the updates. Prioritize New Appliances If you only have a limited amount of money for the remodeling work in the kitchen, it’s best to focus on getting new appliances put in. Everything from a dishwasher to a stove can make a big difference for tenants that enjoy spending time in the kitchen, making it important to replace outdated appliances that may not be in good working condition. Make Sure Covered Parking is Included If your rental home is in a location that allows it, you want to make sure that tenants have covered parking. While street parking can be functional, most renters want to have a safe space for their car to be safely parked, making it a good idea to look into what your options are for covered parking. A simple canopy carport to a full remodel of the garage can both be good options that will greatly improve the rental home and make it more enjoyable for tenants. Bring in More Natural Light Another thing that many tenants are looking for in houses of higher rent is natural lighting. While you can put in as much artificial lights as you want, nothing compares to having natural light beaming into the windows. If the rental home is lacking in windows, you may want to divert some of the budget for remodeling to adding new windows. Remodeling your rental property will make an enormous difference in how quickly you can fill the space in between tenants, and you may also be able to rent out the space for more money than before. For a real estate agent, contact a company such as Charles L Moles Real Estate...

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3 Problems That Could Impact Your Upcoming Real Estate Sale

Posted by on May 19, 2016 in Uncategorized | Comments Off on 3 Problems That Could Impact Your Upcoming Real Estate Sale

So, you are finally ready to move out of your parent’s house and get a place of your own. You know it’s not easy finding and financing your own home. However, you don’t know exactly what problems you may run into along the way. Here are three of them that could potentially cause your sale to go amiss: 1. Stricter Policies on Lending At the start of 2014, the Lending Act was amended so that your monthly debt could not exceed 43 percent of your income each month. If it does, it is going to be hard to qualify for a mortgage loan. The financial part of the process can literally make or break the sale. A significant portion of applications for mortgages are rejected due to the fact that these new policies keep prospective buyers from being eligible. To help combat this from being an issue in your situation, you can get preapproved with a lender prior to making a bid on a home. This will speed the sale up if you’re approved, but you can still be denied. 2. Lower Appraisal Values While the home that you are looking at may have already been appraised, the lender will want to have it appraised again. This is simply to ensure that the most accurate price is being quoted on the home. After all, if your home were to be foreclosed on in the future, the lender wants to ensure that the loan amount doesn’t exceed the fair market value of the property value. In addition, the appraisal value will be used to get your mortgage loan. If it is below what is being asked for by the seller, you may not get as much from the bank. In this instance, Investopedia says that a lower appraisal value will demand that you (the buyer) pay the difference or that the seller adjusts the selling price. If neither agrees, then the lender will not approve the loan. Another option would be to back out of your offer and look for a more feasible property that you wouldn’t be overpaying on. 3. Home Inspections While all lenders will not require a home inspection, it really doesn’t hurt for you to have one performed before you close on a home. A licensed home inspector will examine the home’s electrical and plumbing systems, analyze the property’s structural integrity and more. Unfortunately, this could reveal a cracked foundation, damaged roof, pest infestations, etc. – all of which could potentially result in very extensive and costly repairs and further negotiations with the seller on price. It may even be enough to make you withdraw your offer completely. Prior to putting a house up for sale, a seller should have an inspection done on a home to find these problems themselves so that they can be addressed ahead of time. Some sellers may then choose to list the damage with the listing, pay for the repairs or sell the home as-is, while others will try to hide the problems if they know they existed. Ultimately, it is important to know that no real estate sale is guaranteed once an offer is made. Problems can also crop up at any stage of the process, and the aforementioned three issues are just some of the obstacles that you...

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Trying To Sell An Outdated Property And The Furniture Inside Of It? What To Do For Quick Sales

Posted by on May 10, 2016 in Uncategorized | Comments Off on Trying To Sell An Outdated Property And The Furniture Inside Of It? What To Do For Quick Sales

If you are getting ready to have an open house or estate sale and you want the house and items inside it to sell quickly, there are a few things you can improve the interest in the property. You don’t want to invest a great deal of money into the house if you are trying to make the most profit possible at the sale, but small changes can get you more money for the property and the items inside. Here are a few of the things you want to consider. Fresh Paint Paint can transform how the entire property looks inside, and it can add value to the home. Choose a light and bright neutral paint color that won’t be attention grabbing and that makes the property look fresh. The paint will cover up spots and blemishes on the walls and give the appearance that the space is more modern. The ceilings should be painted one of the brightest whites you can find, to help the rooms look brighter. Upholstery and Carpet Cleaning Having all the carpeting throughout the house and the furniture pieces that you want to sell cleaned will make a big impact. This removes some of the stains and markings on the carpet that appear over time, it improves the smell of the house, and it can make the furniture look clean and newer. You may also want to have curtains and other fabrics in the space cleaned at the same time. The experts can use products that kill bacteria, and the cleaning should improve the texture of the products. An upholstery cleaning company can help with drapes, furniture, rugs, and more. Hardware Change Replace all the old outdated hardware in the bathrooms and kitchens so these areas look updated. If you don’t want to spend the money to buy new fixtures for these spaces, take off the old door hinges, door or cabinet handles, and light fixtures, and spray them with a nickel finish. There are other metallic or stainless steel colored sprays you can get as well. These are small things that are going to make a big difference when people walk through the space and look at the house, and when they look at the furniture items you want to sell. If you have a lot of wood furniture that you want to get rid of and there are scratches or nicks in the wood, get a marker from your local hardware store that is the color of the stain and fill in the...

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Refuting A Couple Of Common Notions About Moving Companies

Posted by on Feb 17, 2016 in Uncategorized | Comments Off on Refuting A Couple Of Common Notions About Moving Companies

Moving to a new home can be a trying and stressful experience for anyone to go through, but it can be an essential step in life. For those that feel they need professional help with their move, it should be noted that there are a number of professional moving services that can provide you with the type of support and service that you need when making this type of life change. Yet, you might be less likely to utilize these services if you are under the impression that a couple of fairly commonly believed myths are true. Myth: Movers Will Always Be Late With Your Possessions A successful move requires excellent timing to ensure that everything goes smoothly. However, there are many people that assume movers have a tendency to be late. While it is true that occasional traffic problems can delay their arrival, you should be relieved to learn that these professionals are bound by a contract to arrive within a specified window of time. If your possessions fail to arrive according to this schedule, you will likely be eligible for a discount off of your final total. Myth: Using These Services Will Result In Surprising Fees Another common concern among some consumers is that moving services have difficult to understand pricing. However, you should be relieved to learn that it was possible to request a quote from these services. When you receive a quote, you will have a detailed summary of the various expenses for the move. While these quotes can be extremely valuable in helping you to make a decision about which moving service will be best, you should be aware that it is possible for the total of these quotes to change. To avoid this issue, you should request a binding quote. The final cost for this type of quote is final, which means you will not be liable for overages incurred by the movers. While some moving services do not offer this type of quote, there are many that do, which means you might need to contact several providers before you find one that fits your needs. Deciding to use professional moving services can be an extremely smart choice on your part, but it can be difficult to come to this decision without the correct information. Making sure that you understand that you are protected in the event the movers are excessively late arriving with your possessions and the importance of requesting a binding quote will help to give you a better understanding about what you should be expecting when using a professional moving service. To learn more, visit a website...

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Answering Two Questions About Modern, Electrical Commercial Locks

Posted by on Sep 18, 2015 in Uncategorized | Comments Off on Answering Two Questions About Modern, Electrical Commercial Locks

Your business’s security system is one of the most important devices for protecting your building from criminal activity. In particular, the locks on the doors are among the most basic but essential components of this system, but there are many business owners that are not particularly informed about what type of lock they should install. Locks have undergone major advancements in recent years, and it is increasingly common for electronic components to be used in these systems. After having these two questions addressed, you should be better able to understand your options when upgrading your locks.  How Do Transponder Commercial Locks Work? The installation of a transponder chip in a key can be an excellent way of increasing the security of your locks. These chips emit a radio frequency that is calibrated to a receiver in your lock. In order for the lock to be released, both the key and the transponder signal must match.  These keys can be an excellent way of preventing unauthorized reproduction of your business’s keys. Also, it will help prevent the lock from being picked because the lock would not release without the transponder signal. While these locking systems are more expensive than traditional ones, the added security can be far more than worth it.  What Happens To Electric Locking Systems If The Power Fails? Transponder locks are not the only systems that require electricity to work. There are also card reading locks that must have a stable supply of power to function. Sadly, there can be times when the power grid will fail, and you may be concerned about whether or not these locks would continue to work during these instances.  Luckily, these systems are equipped with battery backups to ensure that they are able to continue functioning until the power is restored. Typically, these backup power sources are either rechargeable batteries that draw power from the building’s power system. To further add resilience to these locks, you can install solar panels that ensure the batteries in these locks do not run out of power if the power outage lasts for an extended period of time.  There are many modern locking systems that employ electronics to increase the security of the lock. However, these locks are often misunderstood, and if you are not well-informed about these locks, you may not be able to make informed decisions for keeping your business safe. Having a basic understanding of how transponder locks function as well as the backup power systems used by electronic locks will help you better understand these options.  Talk to commercial locksmiths, like those at Irvine Lock & Key, for more information and...

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Providing Excellent Customer Service To Your Tenants

Posted by on Sep 14, 2015 in Uncategorized | Comments Off on Providing Excellent Customer Service To Your Tenants

If you are a new rental property manager, and you are hoping to keep full apartment buildings with paying tenants, the customer service you give will be sure to keep rent coming in on a regular basis. Here are a few tips to use to maintain a high customer service rating, making your apartments some of the most sought in the community they are located.   Screen Tenants Before allowing someone to rent an apartment in your complex, hold screenings to make sure they are reputable and able to pay their rent in a timely manner. There are several services available that landlords or property managers can use to weed out tenant applications so top candidates are chosen to live in your apartments.  Having tenants with a favorable reputation will ensure there are fewer problems due to poorly maintained properties, noise pollution, or neighbor disputes. This will help you keep your tenants in your apartments rather than having them look for a new place to live because of unfavorable tenants living nearby. Give Handy Information When a new tenant takes up residency in your apartment building, leave a packet of information in their new home explaining the rules of the apartment complex. Give them a list of the popular utility companies, cable companies, and phone services so they will be able to get these things set up when they move in. Include a bunch of takeout menus so they know which food choices are available in the area. Offer Payment Options Along with the above information, give tenants a few payment options to help them keep on top of their rent. When a tenant first signs their rental agreement, allow them to select the date they will be paying their rent each month, making it easier for them to budget it around their other bills. Consider having a rental payment service set up online where tenants can easily make a payment without having to mail it or find you to hand it to. This will allow them, as well as yourself, to track their payments, proving they have been paid. Have Someone Available Tenants will feel secure if there is someone on the premises at all time. Have a security service available to keep theft risk low. If a tenant has an appliance or structural problem within their apartment, have a phone number they can call for service right away (such as is offered by Two Rivers Investment). It is best to have a person answer their call instead of having them leave a message, as this will meet the level of customer service you wish...

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4 Reasons To Hire A Realtor When Selling Your Home

Posted by on Aug 28, 2015 in Uncategorized | Comments Off on 4 Reasons To Hire A Realtor When Selling Your Home

When it comes to dealing with a task a large as the sale of your home, you may want to consider getting professional help. This means enlisting realty services who will be there to assist you ever step of the way. Here are some of the specific reasons to hire a realtor to help you find the right buyer. Reason #1: Set the Price The most effective way for you to get your home sold in the shortest amount of time is to list it at the right price. However, you will want to ensure you get the most money out of your investment, and this is where your realtor will come into play. A real estate agent has the expertise to evaluate your property and provide you with the best listing price for a quick sale and to maximize your profits at the same time. Reason #2: Staging In order to help get your home sold, you may need to spruce it up a bit. This means adding some updated pieces of furniture throughout your home and helping it to look better for your potential buyers. It’s possible that making even minor changes could alter the appearance of your house enough to help you make a sale. Reason #3: Competition One of the first things you will want to know when it comes to selling your home is sure to be how much competition you have and how quickly other homes in the area have sold. Your realtor can provide you with this information by giving you a copy of the multiple listing services (MLS) in your area. This will allow you to learn the facts that are listed below: 1.  The number of homes for sale in your neighborhood. 2.  The amount of time that it took for homes to sell. 3.  The final selling price of homes in your area. 4.  The date any homes were taken off the market for not selling and the number of days these were listed. Reason #4: Showings Simply because you put a for sale sign in your front yard doesn’t mean that you want to sit around all day waiting for a potential buyer to show.  The realtor will be there to show the home for you and notify you in ample time to prepare for this. There are numerous reasons to have a realtor in your corner when you’re working on getting your home sold. Be sure to schedule an appointment today with a real estate agent to get the ball rolling on your next home...

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Three Ways To Increase Tenant Retention Without Emptying Your Wallet

Posted by on Aug 18, 2015 in Uncategorized | Comments Off on Three Ways To Increase Tenant Retention Without Emptying Your Wallet

As a property manager, increasing tenant retention is one of the best things you can do for your business. When tenants stay for more than one lease term, you end up spending less money finding new tenants — and you also have fewer vacant months when you’re not earning rent on a unit. You don’t necessarily have to spend a lot of money to increase tenant retention, either. Here are three ways to do so without breaking the bank. Start asking tenants about lease renewal well in advance. Don’t wait until the month before your tenants’ leases are up to start offering them new leases. This may leave them wondering whether rent will go up the next year or if they’ll even be offered a new lease, which may cause them to start considering other living arrangements. Start asking tenants if they’d like to sign a new lease about three months before the current lease is up. This way, they know for a fact that you’re happy to have them stay, and they may not search for another apartment. Grant special privileges to second and third-year tenants. Depending on your community, this could be anything from a closer parking space to the larger storage unit. Tenants will want to stick around for another year in order to get their perks! Keep in mind that these perks don’t need to cost you anything. A few more ideas of perks you could offer second-year tenants include: Permission to use the community gym during exclusive hours. Access to the indoor parking spaces, first-year tenants can be assigned outdoor ones. Use of a community room for parties. Take care of maintenance issues when they’re small and cheaper to fix. If your tenants have called you to take care of minor repair issues in the apartment, but you’ve let those issues linger, they’re likely to consider not renewing their lease because they fear the apartment will just fall into a greater state of disrepair during that second term. Be proactive about taking care of repair issues. You’ll end up spending less by taking care of them when they’re small, rather than waiting until they’re big. If you cannot address an issue within a few days, let your tenant know exactly why that’s the case, and tell them when you do plan on making the repairs. Tenants appreciate property managers who take good care of their units and are more likely to stick around when you take this initiative. In addition to following the tips above, poll your tenants to see what they would like to see improved in your community, and take action to make those improvements. Tenants appreciate a property manager who works to see their needs satisfied and will respond with greater loyalty. If you need help, contact a property management firm, like CJ Real Estate, Inc, with...

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5 Advantages Of Off-Campus Living For College Students

Posted by on Aug 4, 2015 in Uncategorized | Comments Off on 5 Advantages Of Off-Campus Living For College Students

Most colleges require first-year students to live on campus if they don’t commute from a family residence. After the first or second year, students are generally free to move out of the residence hall if they want to. Colleges like to promote all the advantages of living on campus, but lots of students aren’t thrilled with residence hall life. If you’re debating whether to continue living in the dorms or rent an apartment, consider the advantages of apartment living for college students. More Privacy Even if you have several roommates, and even if you share a bedroom with a roommate in an apartment, you’ll have more privacy than you do in the residence hall. For instance, dorm wings house dozens of people who have to share bathrooms with multiple stalls and multiple showers. The dorms tend to be noisy places, especially those that primarily house freshmen and sophomores.   More Space Your apartment bedroom may be as small as your dorm room, but you still have the rest of the apartment to hang out in. You don’t need to have all your belongings stuffed into one small room.  Your Own Kitchen Residence halls may have a kitchen, but students have to share it with a lot of other people. In an apartment, you’re free to bake cookies, cook spaghetti and make a salad whenever you feel like it. You’ll have a refrigerator and cabinets with plenty of food storage space.  Fewer Rules Your landlord will probably have some rules you must follow. Examples might include not smoking in the apartment or not having a pet. Nevertheless, there will be fewer rules than the residence hall has. Dorms may have quiet hours and prohibit drinking alcohol, for example. Some of the more conservative schools have curfews and restrictions about guests.  Continuous Housing You don’t have to move in and out of an apartment during the year as you do with a dorm room. Residence halls typically close between semesters or quarters, and only one may be open during the summer. Students with a room in dorms that close for summer must move to a different room if they take summer classes. In addition, having an apartment makes it easy for you to stay in town over the summer and work without being required to take at least one class.  What’s Your Decision? You’ve experienced residence hall life; are you ready for apartment living? If so, start finding out whether students you know who live in an apartment are looking for a roommate, or begin looking for an apartment with friends. You’ll experience all the advantages of living off campus and gain a greater sense of responsibility from paying bills and managing your own place. If you’re looking for an apartment, visit Pacific Properties for...

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How To Shine Up The Light Covers On A Ceiling Fan The Easy Way

Posted by on Jul 23, 2015 in Uncategorized | Comments Off on How To Shine Up The Light Covers On A Ceiling Fan The Easy Way

When people move out of a home, they probably clean the place up as best they can. However, some things often go without cleaning because they aren’t usually in the line of sight of the person doing the job. Ceiling fans are one of these items. If your moving into a home and the ceiling fan has beautiful glass coverings around the light bulbs, you might want to clean and shine them. This guide provides you with step-by-step instructions to clean the ceiling fan light covers with a few simple supplies. Step 1: Gather Your Supplies vacuum cleaner with attachments a blow Dryer an extension cord an empty spray bottle vodka water a couple old bath towels Step 2: Create the Mixture Pour the vodka into the spray bottle until the bottle is about a quarter of the way full. Fill the rest of the bottle with water.   Place the sprayer on the bottle and shake the ingredients together. Prime the spray bottle by pumping it a few times into the sink. Make sure that you do not leave the vodka unattended while you clean the light covers if children or pets are nearby. Step 3: Vacuum the Lights Connect your vacuum cleaner attachment to the unit and vacuum as much dust and dirt off the ceiling fan light covers as you can. Step 4: Spray the Mixture on the Light Covers Turn the power to the fan off. Lay the bath towels on the floor directly below the ceiling fan. Lightly spray the mixture on the light fixtures.  A few sprays should do the trick. Try not to overspray the mixture because you don’t want it dripping off the fan and all over your floor. The towels are there to soak up any of the mixture that might fall. The mixture quickly loosens stuck-on dirt and dust on the light fixtures that the vacuum cleaner did not get. You won’t need to wait long before continuing to the next step. Step 5: Dry the Mixture Plug the extension cord into the wall and then plug in the blow dryer. Set the blow dryer on high and dry the ceiling fan until you’ve dried up the mixture and blown away remaining dirt and dust. The towels catch the majority of the dirt and dust, so you shouldn’t need to clean up any other areas once the covers are dry. But just in case, use the towels to wipe up any dirt and dust that finds its way to other places. When you’re finished enjoy the sparkle from your glass ceiling fan light covers.  Ask your property clean up professional for help if you should run into any issues with these steps. For more information on cleaning up your property, contact a professional like Seabreeze Property...

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