The first property I bought was in desperate need of some TLC in the downstairs unit. I ripped up all the flooring, entirely replaced the bathroom and painted nearly every surface in the whole place. In that instance it was all well worth it. The upstairs unit was covering the mortgage and thankfully the repairs did not end up being that extensive (or expensive). In many cases though, folks get too excited about some (likely false) fantasy of a fixer-upper they see on some reality TV show and are more than disappointed at the end-result. Let's take a look at some history in the "needs some TLC" world and see if we can come up with a more solid strategy.
Porch.com did a study of over 1,000 homeowners and the data below comes from their findings. Most of us think that buying a home that needs so...
One of my favorite sayings for real estate professionals, and a saying (and mindset) that eludes far too many sellers, is this: "I'm contracted to SELL your home, not LIST it". While this may seem like an obvious tenet, what it lacks in complexity it makes up in its lack of broad understanding. If you are serious about selling your home there are a few details to keep at the forefront of your mind. Today I'd like to peel back the curtain a bit and talk about what the true professionals focus on when it comes to listing (and selling!) a property.
One of the primary considerations to understand about the sellers is motivation. Of course there are countless reasons one could have for selling a home. Sometimes there is a new addition to the family. It could be a job or school change that prompt...
I'm finally at a point where (I think) I am ready to dip my toe back in the real estate world. Much like the first time I did this, I'm heavily leaning towards an investment property. All that really means (to me) is I'm not buying this property to simply live in and call "home". The idea behind an investment property is it affords you a myriad of options beyond simply being a place to hang your hat. As someone who does not have a lot of "extra" income, it is important to approach this strategically. Today, I'd like to explore a few of the benefits to this path. Come on along!
While there are loads of varying factors to the actual financing of your purchase, in general, the rates are still very low. I have to chuckle when I hear people complain that the rates are creeping bac...
We have just finished a moderate upgrade to the kitchen. A new dishwasher, oven and fridge are happily living in that space now. The previous appliances were not entirely "used up" but it was certainly time for a refresh. We also replaced the kitchen sink and faucet. That alone is one of my favorite parts. The old sink was unreasonably shallow and you basically took an unwanted bath every time you washed a large pan.
The kitchen is one of the more important rooms of your home. Today we're going to review some of the biggest offenders in this room and help you make your kitchen more awesome or, at the very least, more attractive to discerning buyers. If nothing else, the kitchen is where your friends and family will spend all of their time during any social event you host. We all tidy up...
I'm writing with a heavy heart today. Our good friend, mentor, teacher, coach and fearless leader, Richard Badger, passed away just over 2 weeks ago. His knowledge of the Mount Washington Valley and his associated involvement in countless aspects of life here will be sorely missed. It always made my day when he would comment on one of my articles. I never saw him without a smile on his face and a kind word on his lips. He will be dearly missed.
Since we are on a bit of a buyer barge right now, I wanted to take a small step back and talk about a little strategy when it comes to buying. I tend to be a bit impulsive. When I see something I'm interested in, I jump in with both feet. I've tempered that insanity over the years, but it still gets me in trouble here and there. With a home pu...