Should You Buy a House or a Condo?

by admin on April 2, 2012

Should You Buy a House or a CondoShould you buy a house or a condo?  I have sold many of both, and I can tell you that there are advantages and disadvantages to both—of course.  Here are some things to consider if you are trying to make up your mind:

Advantages to buying a condo

  • 1.     Less expensive

 

Depending on the location, condos tend to be less expensive than single-family houses. That is a bonus if you are seeking affordable housing.

  • 2.     Closer to the action

 

If you want to live in an area that is closer to work, shops, and culture, a condo may be the right choice for you. These areas tend to be expensive, and a condo is a more affordable choice than a home.

  • 3.     No yard work

 

If you buy a condo, you will not have to worry about mowing the lawn, trimming your bushes, or shoveling your driveway in the winter. Wow! Would you like to be relieved of those responsibilities?

  • 4.     Building maintenance

 

With a condo, your association is responsible for maintaining the building, so you don’t have to worry about costly repairs, either. These should be covered in your association fees, though you may be responsible to pay extra for major repairs as outlined by your association bylaws. Check into that, but for the most part, you will probably come out ahead of the financial game in regard to maintenance.

Disadvantages to buying a condo

  • 1.     Space

 

Most condos are substantially smaller than single-family homes. If you have a big family, a condo may be too small for your needs.

  • 2.     Privacy

 

You will be sharing walls with your neighbors. This can be unpleasant, especially if your neighbors are noisy or like to cook strong-smelling meals.

  • 3.     Association fees

 

You will have to pay fees to your homeowner’s association. This is the group that is responsible for taking care of the landscaping and plowing the driveway, so while you won’t have to do these things yourself, you will still need to pay for them. Most associations also have rules that you will have to abide by.

Advantages to buying a house

  • 1.     Space

 

Single-family homes are generally bigger than condos, so while you might pay more in dollars you are actually getting more space for your money. You will also have your own yard, which is nice for families with children or pets, or for people who like to garden or enjoy outdoor activities.

  • 2.     Privacy

 

With a house the entire building is yours. You don’t have to listen to your neighbor’s music through the wall, or smell their cooking. You will also have your own private outdoor space to enjoy gardening, barbecuing, or other outdoor activities.

  • 3.     No association

 

Actually, some neighborhoods do have homeowner’s associations, so check with your realtor about any homes that you are interested in purchasing. If your house is not in such a neighborhood, you will not have to pay any association fees, and you will have more freedom to decorate your home and yard as you see fit.

  • 4.     Family-friendly neighborhoods

 

Houses tend to be in neighborhoods with sidewalks, bigger parks, and areas for children to play.

Disadvantages to buying a house

  • 1.     Location

 

Single-family homes tend to be located farther from downtown areas. While this gives you more space, it also could mean longer commutes and less access to public transportation, shops, and restaurants.

  • 2.     Cost

 

Again, single-family homes tend to be more expensive than condos, though if you do the math, you are generally getting more space for your money with a house.

  • 3.     Maintenance

 

With a house you are entirely responsible for all maintenance, including lawn care, snow removal, and structural repairs to the building.

These are the factors to weigh when you are deciding between a house and a condo. It all comes down to your family’s needs and what is important to you.

This article was provided by Allison Klein of http://allisonkleinhomes.com/. You can learn more about Allison by visiting her website where you can search all Fort Collins CO real estate here http://allisonkleinhomes.com/greater-fort-collins-area/fort-collins/ and Loveland CO real estate here http://allisonkleinhomes.com/greater-fort-collins-area/loveland/.

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Keys to a Safe Fireplace in Your Home

by admin on March 5, 2012

Keys to a Safe Fireplace in Your HomeFireplaces in our homes are such lovely amenities, aren’t they? They bring warmth into the room—both physically and even emotionally. Fireplaces create an aura of comfort and relaxation, and almost beckon us to slow down and sit for a while.

All of this is lovely in a home. Still, fire is fire; and it must be respected. So if a fireplace is something that you currently have in your home, plan to add on to your home, or will acquire in your new home, having a list of safety tips is a must.

First, request the help of an inspector. 

You want proof that the fireplace has been/will be built “to code.” Not sure what the “code” is? Ask me, your realtor, (if you are not able to contact the builder directly) to have the inspector take a good look at the fireplace when he/she walks through. What will the inspector look for? The inspector will be looking to see that everything about your fireplace matches current codes.

Also, he/she will tell you about the wear and tear already done to the fireplace, if it is installed safely, if it has been maintained well to-date, and if it functions properly. Professional chimney inspectors recognize cracks that are seemingly “no big deal” as a “big deal.” It is their job. Let them do it so that you can be safe.

  • If you live in an area where chimney inspectors are few and far between, seek them out in the spring.  Nobody is thinking about fireplaces then! They are thinking about summer. Therefore, chimney inspectors can be at your disposal during those early spring and summer months compared to the fall months when people know winter is coming.

When your inspector does come over, follow him/her around in order to learn more about your home and your fireplace. If nothing else, you will learn the ins and outs of your home. The inspectors will probably give you all kinds of tips on how to get the most out of your home’s amenities and how to avoid terrible accidents as best you can.

Educate yourself regarding the qualities of “safe” fireplaces.

If you are building and including a fireplace in a part of your home, your reputable builder will know what building codes exist within your neighborhood. He will make sure that the flue is at least the required size, that the chimney is the right height. The chimney should also have guards on it against birds and other small animals. Nests or little rodents can clog up your chimney and cause all sorts of trouble. This responsibility does not fall solely on your shoulders. Instead, know that your inspector and me, your realtor, are on your side also.

If you have children, the hearth is an important part of the fireplace.

Dancing flames can draw the attention of little ones, and your hearth must extend far enough from the fire in order to keep everyone safe. The hearth should be made of heat-resistant materials like brick, stone, concrete, or tile that is very thick in order to keep that area safe to the touch.

  • Also, if you have children, be sure to have a screen that prevents sparks from scattering out onto the hearth/carpet/their skin. A screen does wonders, but still remove flammable items from the immediate area with ruthlessness. Even clothing is a danger when it is too close to the fireplace. Mishaps are very difficult to predict. Do what you can to decrease their occurrence. In case of mishaps, please keep a fire extinguisher close by your fireplace.

Lastly, have a nose for strange odor or strange flames of odd colors.

Use your intuition. If things don’t seem normal, contact our builder, your technician, or your gas company in order to get some answers and a peace of mind for yourself. Enjoy the fire, and then say goodnight and never go to sleep without extinguishing the fire.

This guest blog was provided by Kimberley Kelly a Realtor in Palm Desert. You can check out Kimberley’s website where you can access all homes in Palm Springs for sale and real estate in Rancho Mirage, CA.

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The Pros and Cons to Renting Out Your Home

by admin on February 26, 2012

The Pros and Cons to Renting Out Your HomeWith the economy market shifting up and down, many are beginning to wonder what the best option is for their home. Many are asking themselves whether they should sell or rent out their space. How do you know what the best decision for you is?

What are the pros and cons of renting out a room or the entire home? Turning towards a real estate agent with your questions would be a great move. As a professional in the field, I have a few pointers that may help you make the decision less stressful and more efficient.

The Advantages of Renting Out Your Home

  • The Less You Have to Pay

By renting out your space, whether it is simply a room or the entire house, you will pay less money; the expenses of owning that home are now shared. Often times, the renter is responsible for a good chunk of the mortgage if not all of it. If they are renting out the entire space, you, as a homeowner, may even make a profit on the space.

On top of this potential added bonus, as the market continues to improve, you are still maintaining your investment in your home. Then, you always have the equity in the home accruing until the time comes when you want to sell.

  • Tax Advantages

As an official landowner, you are able to receive tax advantages that you would not have received otherwise. It is important to speak with a financial advisor about what benefits regarding taxes are available to you.

The Disadvantages of Renting Out Your Home

  • Payment Is Due

Renting can be unpredictable. You may not always have someone living in that space; and even if you do, he/she may not always be able to pay the rent on time. Consider if and how you will handle such situations; regardless of whether or not you are able to find anyone to live in your home, you still are expected to pay for your mortgage and other required expenses. Thus, you have to be able to pay for the bills without a potential tenant.

However, this is also an advantage of renting out a room versus the entire house. If you rent out the entire home, you then are most likely responsible for two mortgages versus only one if you rent a room of your home out to others.

  •  Repairs and Maintenance

As the landlord, you would be responsible for any damages caused by the tenant as well as any upkeep that is required. Thus, you will have to devote a certain amount of extra time and energy to maintaining the place on top of your home. It is important for you to decide if the time and extra expense is worth your investment.

 Would You Make a Good Landlord? 

Along with the pros and cons to renting out your space, it is also important for you to decide whether or not you would make a good landlord. For example, are you good at getting the bills paid on time, talking to tenants about your expectations, patient with disputes that may occur, and maintaining the home. Most importantly, do you know how to run a business? If the answer is no, you may want to look into selling your home.

 Another Option 

One final option to renting out or selling your home is to rent out your space while you attempt to sell it. Why? By renting out your space to a tenant for a set period of months, it allows you to still make a profit on it while you are trying to sell the property. It also makes your space looked lived-in and ultimately more appealing to your potential buyer.

Ultimately, renting out your home could be one of the best decisions you could make as long as you are ready to take on the added responsibilities of being a landlord. Only you and your financial advisor can decide what the best decision for you is.

About the author: Linda Wise is a Merritt Island real estate agent. If you’re interested in learning more about Linda please visit her Cape Canaveral FL real estate website where you can search all homes for sale in Grant FL.

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The Importance of a Home Inspection When Buying a HomeThere are many real estate terms to understand when you’re in the midst of buying or a selling a home. Two you should definitely understand are “appraisal” and “home inspection.”

What is an appraisal?

An appraisal is for the lender; the lender requires an appraisal before they approve the loan to make sure the loan amount is not more than the property is worthy. The appraisal provides an estimate of the property’s market value.

What is a home inspection?

A home inspection, on the other hand, can be a benefit to both the seller and the buyer. A report from a home inspector includes an objective review of the home’s condition – its heating and air conditioning systems, interior plumbing and electrical systems, and a review of the structural components from roof to the foundation and everything in between, including walls, ceilings, floors, window, doors, visible insulation, basement, attic and anything else considered “structural.”

  • For the home seller, a home inspection identifies any problems and gives you the opportunity to make any particular repairs that will make the home a more attractive offer on the market.
  • For the homebuyer, a home inspection helps you learn as much as possible about your possible new home. It might identify the need for major repairs, upcoming maintenance or, if it’s a new home, any builder oversights. No matter what, it gives you a good overview of the home’s physical condition and allows you to move forward with any decisions.

Regardless of the purpose of your home inspection, you should clarify with the inspector what kind of report you will receive (Handwritten? A checklist on a standardized form? Will it be customized to your home?), and when you will receive it.

What are the costs?

The cost of the inspection may vary based upon your location, the cost of housing, the size of the house, its age.  Considering how this report could help you sell your home for more, or help you negotiate a lower price (or walk away), this is considered a very valuable tool.

How do I find the right home inspector?

To find a qualified home inspection service, ask me! This is me profession, and I am connected to reputable and excellent home inspectors; therefore, I can make recommendations. You can also inquire about the inspectors’ membership in a professional home inspection organization or ask if who is licensed within your state or country.

Like many situations in life (especially those pertaining to health care, legal, financial, insurance, education and real estate industries), it’s important to interview potential inspectors or agencies and find the right person for your needs. You can take my recommendations, and then conduct your own interviews, if you’d like. Home Inspections USA suggests anyone seeking an inspection should ask these questions:

  • Is the inspector experienced? How many inspections does he/she conduct each year?
  • Is the inspector knowledgeable? What is his/her background? Are they a general contractor? Do they have experience in more than one trade (i.e. plumbing, HVAC, etc.)? How long have they been in the business?
  • Ask about their level of expertise–are they new to the business and the area or do they have some significant experience to showcase?
  • Is the inspector covered by “errors and omissions” insurance and general liability insurance? If they have this policy, that’s all the better for you. You can also request a copy of the policies.
  • How long will the inspection last? Home Inspections USA says if it takes less than two hours–find another inspector. These should be thorough inspections, so to avoid inspector fatigue, ask to be one of the first inspections of the day.
  • How much does it cost? Cost is a consideration but considering the investment of your home, it’s worth some comparison shopping of home inspectors to make sure you’re getting an objective, accurate inspection of your home.
  • What kind of report? As mentioned previously, ask specific questions about the type of report you will receive, the content, the detail, the overview and how long before you will receive it.

Another Consideration 

Specialty InspectionsDepending upon your home, you may need to conduct or request additional inspections to cover your septic tank, well, radon or other environmental testing. Be sure to check with your home inspector to cover any of these issues. Inspections for these may be a condition of purchase or sale, not to mention your own piece of mind.

About the author: Jolenta Averill is an experienced Madison WI Realtor. If you’re interested in learning more about buying a home in Madison, please visit her Madison WI real estate blog.

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How To Create a Real Estate Listing Ad That SellsDo you feel like your marketing strategy to sell your real estate listings is working like a turtle? Then this is probably the time to think of more strategic approaches to make a hit that ultimate “property sold” target.

We all know that advertisement plays a very significant role in selling a home. Anything that you have to sell must be properly advertised and be promoted with all the words that will increase its appeal in the market.

How To Create a Real Estate Listing Ad That Sells

You have to use encouraging words, fascinating adjectives to symbolize the presentation of the home staging. So, if you really want to sell your home faster, you have to take a better examination of the details you want to put in your real estate advertisement.

How to Market Your Listing

The following is a list of things you should consider when placing your real estate listing ad:

1. Imagine yourself as the buyer.

You have to put yourself in the shoes of your potential buyers. This helps you to better visualize what buyers may be looking for when looking for real estate. Try to figure out what they main features the house are that might attract buyers. These are the amenities that you need to make sure to place in your home listing ads.

2. Describe the property earnestly and honestly.

It’s very important to know exactly what the great features are throughout the entire house. This includes the upgraded materials used for walls, roofs, windows, doors, cabinets, etc… If they are known, some measurements can be included in the ad too. It’s good to make the property “majestically illustrated” through splendid words. You like that huh? But, it’s just as important to be honest about the details of the house. Over-exaggerating will make the buyer expect too much beyond the actual look and features of the house. Causing disappointment is not a good way to attract buyers in the end.

3. Study competitor’s ads.

Make sure to check out what are your competitors are saying. This is not so that you can copy the strategy that they’re using. The purpose of this real estate marketing strategy is to put make sure your ads include what theirs don’t. Buyers will find your ad more interesting if you can offer them something unique and exclusive. Show your potential buyers that your house for sale is different than any other.

4. Make ready to rewrite.

If your advertisement doesn’t seem to be attracting qualified buyers, rewriting it won’t hurt you. It may seem like hard work thinking and articulating again the words for your advertisement that will bring buyers to you. But, it will pay off in the end. Try a tweak and a twist here and there. That will help you to see what the most effective real estate advertisement is for the buyer’s market that you’re targeting.

Powerful Listing Ads Sell Homes

Taking note of these things when writing your home listing ad will surely speed up the process of selling your home. If there are times that you find yourself getting discouraged change your marketing approach. Change your real estate listing ads as much as needed to sell your home. Powerfully written real estate advertisements will surely expedite your selling. Be sensitive, be genuine, and be creative to attract interested, qualified homebuyers.

About The Guest Blogger: Vickie Nagy is a Danville CA Realtor who specializes in selling Danville CA homes for sale. You can visit Vickie’s website where you can search all Dublin CA homes for sale and real estate San Ramon CA.

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Working with a Seller’s Agent When Buying A HomeAre you finding it hard to see eye-to-eye with your Indian Harbor real estate agent? Are you struggling to understand his or her expectations for you as a seller? Perhaps you are simply trying to learn more about the process of selling a home with an agent all together.

What is the relationship between you, the agent, and the buyer? Are they responsible for your best interest or the buyer’s? These are questions often asked by first time home sellers when dealing with agents. However, there are a few simple pointers that make the home selling process much easier when working with those involved.

Working with a Seller’s Agent When Buying A Home

The number one item to keep in mind when working with a seller’s agent is that he or she is working on commission. What does this mean exactly? This means that an agent does not make any money unless he or she sells your home. Thus, it is important to be fair and honest with your agent. Do not forget that he or she wants to sell your home for the best price in order to receive the greatest amount of commission as well.

The agent genuinely has your best interest in mind, as well as his or her necessity to get paid. Overall, this agreement between you and the agent usually works out quite well. However, if the house has been on the market for some time, then the agent may be more willing to sell your home for a lower price than you are. It is important that you are upfront with your expectations from the beginning in order to eliminate any confusion between you and the agent.

Maintain Communication

Maintain CommunicationAnother important component of working with a seller’s agent is to maintain a good relationship with them. This can mean a variety of things; however, in general it ultimately comes down to respect. It is crucial that you make all of your appointments on time as well as prepared. Good communication also proves to be vital in keeping your appointments and agendas clear and to the point. Without communication and respect from both sides, the success of selling your home decreases dramatically.

One aspect of working with a seller’s agent that individuals also struggle with is admitting one does not understand something such as an article, an agreement, or the like. Be honest with your agent. If you do not understand a form, say that you do not understand it. The agent will have quite a difficult time helping you sell your home if you are not upfront about your questions or concerns. You may also be surprised by the final costs, payments, interest, etc. if you do not fully understand the commission agreements and other contracts you choose to sign when you select your seller’s agent.

Make Your Expectations Known

Finally, make your expectations known to your seller’s agent. For example, if you expect to be groomed, pampered, and held as a top priority client, it is important for the seller’s agent to know before signing on with you. If your expectations are greatly different from the agent’s, you both will struggle with selling your home successfully and without a great deal of stress. The greater the difference between your expectations and the agent’s expectations the greater the stress when it comes to selling your home. Selling your home can be a rewarding experience if you are willing to be honest about what you expect to gain and how you wish to be treated.

There are various aspects that go into selecting the right agent for you as a seller. Remember to be upfront, respectful, and honest about your commitment and expectations regarding the selling of your home. Your agent will appreciate the gesture.

Guest Blog: This guest blog was provided by Mitch Ribak who specializes in Titusville Florida real estate and Grant Florida real estate.

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The Ultimate Gourmet Kitchen

by admin on February 4, 2012

The Ultimate Gourmet KitchenAs a Realtor, one of my favorite things about the business is previewing homes that have just been listed for sale…especially when they are grand homes.  But truthfully, with homes of this scale, I want to see the kitchen.

The Ultimate Gourmet Kitchen

The kitchen is the quintessential gathering place in every home and most families spend more time there than in any other room in the house.  In fact, the Electrolux Appliance Group, maker of Frigidaire Appliances, did a study that showed families spent over 175 hours in the kitchen in a given month compared to 31 hours in the living room.  This study was done in 2001 so you can only imagine that the amount of time has increased with families staying home more in recent years.

That got me thinking about designing the ultimate gourmet kitchen.  Because it is the most used room in the home, it seems to me that it should be the one room where you try to have everything you want and where you want it.  With that in mind, here is my ideal kitchen.

Cooking Area.  First, and foremost, is the cooking area.  This area is so important in helping the “family chef” function properly.  So many homes have the stove top range built into the countertops with the oven built into a wall across the room.  This never makes any sense to me.  Ideally, the stove top range and oven are together as one big unit as Viking does with its enormous ranges.  Most of them have six gas burners and a convection oven or two below the stovetop.  If it is necessary to have wall mounted ovens, it would be perfect to have double ovens installed next to the stove top instead of across the kitchen.   Additionally, counter space on each side of the range is very convenient so that there is room to work.

Counter Space.  While we are on the subject of counter space, it is my opinion, and probably that of anyone who is in the kitchen most of those 175 hours, that there is never enough counter space.  Truth be known, there is usually plenty of space in a gourmet kitchen but the key is in the layout.  It is important to have ample workspace around the major areas of the kitchen including the cooking and clean up areas.  In terms of the countertops themselves, the types of stone used to make the counter tops bring the kitchen to life and give the look of the kitchen its zing.  Granite, limestone, slate and other natural stones show provide such intricate detail and look so good.

Cabinets.  From there, we look upward to the next part of the kitchen of which we always want more….cabinets!!  Cabinets come in so many designs and finishes with small details down to the knobs or handles and need to be placed strategically with easy access from all vantage points.  There should be cabinets above the dishwasher for the easiest unloading of the dishwasher (which everyone hates to do); some to the left and right of the stove top and oven for easy access to pots and pans; an area for quick retrieval of spices and herbs; around the island (if you have one) for more storage; and, generally all around the kitchen so that you can simply put stuff away.

Kitchen Island.  One of the most important parts of the kitchen, and a great way to have more counter space is to have an island in the kitchen.  The island is a very functional part of the kitchen and must be practical and good looking.  It is a gathering place, work place, eating area and an excellent place for storage with cabinets and shelves for cookbooks.  In many larger, luxury homes, designers even create the “double island” where they have two different sized islands pushed together to create a new look.  Some even have different stone for the countertops.  This is an amazing look and so useful.

Kitchen Lighting.  Lighting is a fixture that many forget about until the kitchen is nearing completion.  Such an essential item to a well-designed kitchen, lighting must be placed in the appropriate areas as a spotlight and still be decorative and eye catching.  Many gourmet kitchens feature different styles of lighting that have different purposes yet coordinate well with each other for its decorative appeal.

Appliances.  The most crucial elements of the kitchen are the appliances.  While they need to be strategically placed for easy access to one another (i.e. the stove top and the ovens side by side or together as one appliance), their placement also needs to flow throughout the kitchen and not looked globbed together in one place.  The nicest gourmet kitchens feature stainless steel appliances like Viking appliances, Sub Zero/Wolf, and even the high end appliances from more well-known brands like GE and Whirlpool.

Individuality

Kitchens designs are as individual as fingerprints.  What works for one person may not work for another.  The main ideas here are what I want in my ideal gourmet kitchen and where I want them.  Anyone who spends anytime in a kitchen has the same general ideas but may have different ideas as to their style and layout.  For most of us though, the trick is to figure out a way to get this kitchen in our dreams to become a reality.

About the Author: Paula Henry of Sycamore Group Associates provides Carmel real estate services and information about Carmel Indiana Homes for Sale to those people
searching Carmel Neighborhoods to buy or sell their home.

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