The smaller home can often be upgraded (or not), but the neighborhood can never be changed - at least, not by you.Baby boomers are now entering their prime wage-earning years, and many of them are thinking (or have already thought) of buying a second home. Often a couple will choose a retirement home for 'part' of the year, thus still retaining their family home and familiar home town base.
If you yearn for a vacation home, the first thing to decide is: where will it be? Here your hobbies will come into play; are you a skier, shopper, fisherman, hiker, golfer, beach-comber or sun worshipper? Are you a country mouse or a city mouse, etc.?Another factor to take into account is perhaps one that you have not thought of: Many people think that having a vacation home means they will never want to travel abroad again. However, it is quite possible that you may still want to fly off and take vacations in foreign lands sometimes. Think about this and choose accordingly.
If you are the type of person who would still like to travel abroad, you may want to choose a small, secure home (like a condo). Alternatively, you could opt to buy a larger home so that your children can also enjoy it in your absence.Finally, if you think you could be a future traveler, consider the option of buying a second home that you could also rent out to others for vacations. This may pay for your trips abroad!You must consider whether or not you want to be able to drive to your second home, so that you can escape at weekends. If your chosen place is a long way off, remember that you will always have to pay the air fare and do the airport trip etc.
If you have no clue where you would like to buy a vacation home, cast your mind back to some memorable vacations you have had. Think about making it a project to drive off into the wild blue yonder on sunny weekends and check some places out.Price is a critical factor. Waterfront is always priced higher. Do you really want it? An ocean or lake outlook can be very pretty when the sun is sparkling on it, but it will accentuate the grayness on a dull day.
Are you looking at old timer homes? Are you taking in the cost of renovations? Remember, if you remodel a bathroom or kitchen it is supposed to increase the price of your property by around 80% of the remodeling costs. Roofs are also a viable improvement that will increase the value of your property.
Friday, March 14, 2008
Saturday, March 1, 2008
Real Estate Investment
Real estate is bought and sold the world over. Day in, day out, people buy all types, styles and sizes of different real estate for all kinds of reasons. Some real estate is sold to residential buyers, other real estate is sold for commercial premises. Even in the world of residential real estate, the reasons for buying a home are varied.Buying a new home is often the single largest financial commitment people ever make. When you buy a new property, that piece of real estate becomes both an investment as well as your home. From condos to cottages, comfortable family homes to extravagant mansions, real estate ranges in price as much as it does in style and quality.
Look at any particular real estate market and you will find homes for sale to suit each and every need and properties which cater to all manner of tastes. For some, buying real estate is a luxury, such as a second home. Real estate can be a very lucrative market if you buy the right property and secure a good price. Buying and selling real estate is a business to so many but to others, it can seem like a minefield.
When it comes to buying or selling real estate, there are several factors which can make or break your experience. There are so many homes for sale in so many real estate markets that the first task is to find what you are looking for. Finding the right piece of real estate is the first step to securing your new home. Making sure that you select the best real estate agent in your area is also important. From browsing to buying, the ultra-competitive world of real estate continues to grow.
Investing, buying a family home, treating yourself to a second home or for any other reason, when you invest in real estate you are making a serious choice. With more properties, more and more realtors and an ever expanding home-buying market, your choices when it comes to real estate are endless.
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Saturday, February 16, 2008
7 Tips to Being Organized
1. Make lists and save them:-I keep my to-do list as an electronic file (I use excel, others use outlook, there other programs as well), so that tracking progress and changing priorities is efficient. The key word here is 'changing'. Our to-do's are ever changing, so it's important to manipulate the list in such a way that it stays clean, accurate, and easy to grasp at a glance.2. Block out time:- I block out three hours every other week to write this newsletter. I block out two days a week for all my customer appointments. I have one day for all my installations. I block out time to do my e-mail and time to disregard it (I have to tell you sometimes NOT succumbing to checking e-mail is the hardest task of all - I know you know what I mean). Blocking time allows me to concentrate, instead of being random and chaotic.
3. Use technology:- Whichever technology you use, make sure to know its capabilities. On the advice of a good friend, I recently discovered the most brilliant feature of Outlook - Rules and Alerts. I now forward e-mails from specific senders or with specific key-words in to predetermined folders. I'm sure it's only one of the great many features that I didn't know - and I consider myself pretty fluent in it - go figure. My point is there are some things that are worth spending time on learning - they will save you a lot of time later on.
4. Be ruthless:- With your stuff that is... If I have a piece of clothing that I haven't worn in a year - it will be donated. If I have piece of paper (old brochure, etc) that's been lying on my desk for over two weeks, it will be thrown out. Also if I get a new piece of paper (mail, print-out, another brochure) and don't know fairly immediately which folder or designated place it belongs, it will most likely be thrown out.
5. One-touch approach:- I know you've heard of it. Very difficult to do, but very effective, at least for me. If an e-mail is opened, it's either replied to, filed away, or deleted. Those that linger in the in-box for over few days, end up there for a long time, usually followed by "I'm so sorry to get back to you so late" message. Same principal with snail-mail. Same with voice-mails - I use the reply function on my phone (for me it's #8) address the message, then delete it.
6. Have a designated place:- I have folders for everything. Physical folders for hard copies. Folders for e-mails in outlook. Folders for word, excel, etc documents on the hard-drive. This also applies to personal things: important or trivial. There is a designated place for each thing.
7. Have multiples of frequently:- used stuff. This probably sounds counter-intuitive and strange in light of what I talked about above. Here is what I mean by this. I have a pair of scissors on every floor (sometimes two or three per). I have a stapler in three different places. The cleaning supplies are on two floors. Whichever items you find yourself needing on a regular basis, make sure to have them hand
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Thursday, January 31, 2008
3 Easy Tips For Home Staging
The point of home staging is to give the home a neutral look that will appeal to the most buyers. Before you hire a professional home stager, you may want to look at what you can do yourself to increase the value of you home.
The 3 Ds of Home Staging
1. De-clutter
Over the years of living in the same house, everyone has the tendency to collect material things which are usually end up in the basement or the garage or the attic. Clutter is deadly to selling a house and can seriously reduce the selling price. Take a quick inventory of your rooms and evaluate what you could remove to make more room. When showing the house ensure that nothing is on the floors, especially clothes, and that the kitchen counters are free of most things except for accent items. You can refer to a "Stager" specialist for how to and professional advice.
2. De-personalize
Your personal touches make a home out of your house, but they may also scare some buyers off. Remove anything that is of personal, religious or sexual nature. If you like family photos and have them pinned up on the walls, take them down and replace them with neutral artworks. If you value religion and have symbols and artifacts around the house remove those during the visits as the potential buyers may not be of the same faith. If you have artwork that is of a more adult nature, remove them also because it may offend some potential buyers. The benefits will greatly outweigh the cost.
3. Deep Clean
It's spring cleaning time. A deep clean is the best way to really make your house stand out. It’s also one of the oldest trick in the sales book. The first thing used cars salesmen do when they get a new used car on the lot is to deep clean it and make it shine. Clean and dust everything that you don’t normally clean. Windows inside and out, doors, windows and door tracts, light fixtures, top of cabinetry, behind and under couches, furniture and appliances, walls and ceilings, and anywhere else you don't clean on a regular basis.
If you are selling a home in Montreal, you want to make sure that it is in the best condition possible to get the most profit possible. You should do this even if you choose to list with an agent since a good agent would tell you to do the same. Actually, if you choose to invite agents into your home, you should do these simple tips before they come visit. That way they will get a good first impression about your house and make the experience that much more pleasant.
The 3 Ds of Home Staging
1. De-clutter
Over the years of living in the same house, everyone has the tendency to collect material things which are usually end up in the basement or the garage or the attic. Clutter is deadly to selling a house and can seriously reduce the selling price. Take a quick inventory of your rooms and evaluate what you could remove to make more room. When showing the house ensure that nothing is on the floors, especially clothes, and that the kitchen counters are free of most things except for accent items. You can refer to a "Stager" specialist for how to and professional advice.
2. De-personalize
Your personal touches make a home out of your house, but they may also scare some buyers off. Remove anything that is of personal, religious or sexual nature. If you like family photos and have them pinned up on the walls, take them down and replace them with neutral artworks. If you value religion and have symbols and artifacts around the house remove those during the visits as the potential buyers may not be of the same faith. If you have artwork that is of a more adult nature, remove them also because it may offend some potential buyers. The benefits will greatly outweigh the cost.
3. Deep Clean
It's spring cleaning time. A deep clean is the best way to really make your house stand out. It’s also one of the oldest trick in the sales book. The first thing used cars salesmen do when they get a new used car on the lot is to deep clean it and make it shine. Clean and dust everything that you don’t normally clean. Windows inside and out, doors, windows and door tracts, light fixtures, top of cabinetry, behind and under couches, furniture and appliances, walls and ceilings, and anywhere else you don't clean on a regular basis.
If you are selling a home in Montreal, you want to make sure that it is in the best condition possible to get the most profit possible. You should do this even if you choose to list with an agent since a good agent would tell you to do the same. Actually, if you choose to invite agents into your home, you should do these simple tips before they come visit. That way they will get a good first impression about your house and make the experience that much more pleasant.
Sunday, January 13, 2008
Marketing Your Home
No matter how you’re selling a home–whether it’s through the cost of a realtor, by auction or using my preferred method of selling “for sale by owner”–your #1 goal is getting the property seen. If no one sees a home, no one will make an offer on a home.
So how can you get your property publicized?
- Word of mouth: Tell everyone you know that you’re selling. Encourage them to pass on the info—if you have homemade marketing materials, use them.
- Post everywhere: Leave information about your home on grocery store bulletin boards, at your company postings, at the library, in the school district, you name it!
- Market it well: Be thinking about the absolutely best way to make your property stand out.
In my opinion, your best bet is to combine your efforts with a FSBO Company. There are many established real estate marketing companies out there. I’ve found one to be most helpful, and I found it by trial and error. A good marketing real estate company (i.e., one worth paying money to) should be able to help you with the next steps: - Create a brochure/flyer: You want something professional-looking, if at all possible. Think good design and highlighted features.
- Use professional photographs: Taken with the best lighting, maximizing the look of space and style, the photos should show your home at its best.
- Virtual tours: These are becoming more and more popular—so much so, in fact, that you really need them. Especially today with so many people relocating and transferring, potential buyers may be out of state or even out of the country. You want them to be able to learn about your home anywhere.
- Focus on features: Your advertising must highlight the positive aspects of your home. You want to make it easy for potential buyers to see why they should be interested.
- Overall service: If you are going to go with a FSBO company, it should provide service to assist you with the overall process.
Thursday, December 27, 2007
Benefits of a New House
Like good versus evil, old home versus new home is forever being contemplated. Sure, there are positives on both ends: an old home has more character, for instance, but a new home has less destruction. While price, location, and size will all ultimately be factors in your decision to buy a house, age weighs in as well. When debating between old and new, consider the following benefits of a house fresh off the presses.
You Won't be Sold a Lemon: We all know it happens: we buy something that's been used only to find out - thousands of dollars later - that it was a lemon. This kind of thing can apply to computers, electronics, cars, and, yes, even houses. Maybe you buy an old house only to discover that the plumbing doesn't work, at least not in the typical sense of the word. Perhaps you realize, once winter hits, that the furnace is on the fritz. Maybe that "tiny" termite problem the previous owners disclosed is really not so small. Whatever constitutes your house turning into a lemon, buying new assures that it won't.
Less Things are Bound to Break: It's a fact of life: the older things are, the more likely they break. It may sound ageist, but older home are known for having more problems that those brand new. From everyday wear and tear to the erosion of the roof, from a leaky kitchen faucet to a backyard filled with weeds, used homes can be on their last leg. Even if they aren't, older homes are often without the technology of brand new ones. You might be able to live without a house wired for high speed Internet, but it's not very likely.
The Renovations will be Minimal: One of the best things about a brand new house is there is no need to renovate...at least not for a few years. Everything is, well, new, so why replace it? This is very convenient for you: house hunting, house buying, and moving is stressful enough, the last thing you need is to add to your load by buying a house that needs a lot of work.
You Get First Dibs on Decorating: Lime green walls, shag carpet, a mural dedicated to the cast of Star Wars, it's amazing how some people decorate their houses. As a brand new home owner, however, your house is yours for the decorating. Like a blank canvas, your home gives you the proverbial paint brush and a chance to make a masterpiece.
The House Will Appreciate: Chances are, you won't stay in one house forever. You'll move, you'll upgrade, you'll downgrade. Whatever your reasons for moving, you'll likely need to sell your house. A new house, or at least one that is new when you buy it, is more likely to increase in value, an old house is more likely to do the opposite, giving you, and your checkbook, something that you might not appreciate.
You Won't be Sold a Lemon: We all know it happens: we buy something that's been used only to find out - thousands of dollars later - that it was a lemon. This kind of thing can apply to computers, electronics, cars, and, yes, even houses. Maybe you buy an old house only to discover that the plumbing doesn't work, at least not in the typical sense of the word. Perhaps you realize, once winter hits, that the furnace is on the fritz. Maybe that "tiny" termite problem the previous owners disclosed is really not so small. Whatever constitutes your house turning into a lemon, buying new assures that it won't.
Less Things are Bound to Break: It's a fact of life: the older things are, the more likely they break. It may sound ageist, but older home are known for having more problems that those brand new. From everyday wear and tear to the erosion of the roof, from a leaky kitchen faucet to a backyard filled with weeds, used homes can be on their last leg. Even if they aren't, older homes are often without the technology of brand new ones. You might be able to live without a house wired for high speed Internet, but it's not very likely.
The Renovations will be Minimal: One of the best things about a brand new house is there is no need to renovate...at least not for a few years. Everything is, well, new, so why replace it? This is very convenient for you: house hunting, house buying, and moving is stressful enough, the last thing you need is to add to your load by buying a house that needs a lot of work.
You Get First Dibs on Decorating: Lime green walls, shag carpet, a mural dedicated to the cast of Star Wars, it's amazing how some people decorate their houses. As a brand new home owner, however, your house is yours for the decorating. Like a blank canvas, your home gives you the proverbial paint brush and a chance to make a masterpiece.
The House Will Appreciate: Chances are, you won't stay in one house forever. You'll move, you'll upgrade, you'll downgrade. Whatever your reasons for moving, you'll likely need to sell your house. A new house, or at least one that is new when you buy it, is more likely to increase in value, an old house is more likely to do the opposite, giving you, and your checkbook, something that you might not appreciate.
Thursday, December 20, 2007
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