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Stronger Together: Why You Should Consider Buying A Home With The Condition Of A Shared Space

Posted by on Jun 30, 2016 in Uncategorized | Comments Off on Stronger Together: Why You Should Consider Buying A Home With The Condition Of A Shared Space

Home sales can have a number of extraordinary conditions. Most famously in the case of Hugh Hefner and the Playboy Mansion, one of the conditions that an owner can place inside of a sale is that you cannot throw out the old owner. Though unconventional, this arrangement can be made for homes of all price tags. Here are some reasons why you may want to chance buying a home with an owner still living in the property.  You can purchase a family property If you have a grandparent, aunt, or other family member who is increasing in age and is looking to sell their place, you may be able to purchase their home for a steal. Buying your family member’s home may mean that you can negotiate better terms than you could with a stranger. For example, they may accept monthly payments from you, rather than requiring you to take out a mortgage for the purchase. It also means that the house is legally yours and cannot be willed to someone else later on, leading to legal trouble with wills and probate court. You can also negotiate a lower price on the home in exchange for helping to take care of your old family member as they remain in the home.  It’s a better way to navigate less real estate There are some real estate areas that are hard to get into. New homes may not come on the market often and real estate may be extremely expensive, knocking you out of the market. If there are older homeowners in the area, however, they may be interested in selling their home to tie up loose ends and produce cash to help with other living expenses. If the market is such that you would have a hard time buying a home, you may have better luck working out a good deal with someone who is interested in sharing space in their home and asking if you can purchase, with the condition that you all live together until their death.  You can help someone secure retirement Houses are only assets if they are helping to bring in money or can be counted on to produce cash. For some, homes are liabilities because of the expenses and the inability to get liquid money from the home. By purchasing a home while the owner remains, you can help an older person who is struggling with house payments and struggling to fund their retirement. Being able to get an infusion of cash from a home sale, plus still have the ability to live in their home forever can help an older person afford everything a pensioner would need, plus provide peace of...

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Landscaping Your Yard To Maximize Your Home Value

Posted by on Jun 22, 2016 in Uncategorized | Comments Off on Landscaping Your Yard To Maximize Your Home Value

Curb value is an important part of selling a home because a well-presented home will make people more likely to pay higher prices. That’s why landscaping your home’s yard is so crucial. Here’s what you need to know about how landscaping can improve your home’s curb value, as well as a few project ideas. The Financial Impact Landscaping Has On Resell Value Now, many people are nervous about investing in landscaping a home they are selling because of the cost, which averages out to about $3,500 or so per project. There’s no need to worry because a good landscaping project will add much more curb value than the cost of your landscaping project. Just how much? One expert estimates that good landscaping can add up to 28% to a home’s overall resell value. So if you spend $10,000 landscaping a home worth $100,000, an increase of 28% would add $28,000 to its value, worth almost triple your investment value. A Few Ideas To Consider Now that you understand why landscaping is so vital for your home’s curb appeal, you can hire a professional to install a few simple landscaping details. These items are too difficult for most amateurs to create but are worth the investment when it comes time to sell your home. Here are a few simple landscaping ideas that you can consider: Stone pathways through your backyard Elevated steps from curb to your home Winding paths lined with flowers Backyard sitting area Vines growing up the side of your home Archways made of bushes Whatever landscaping concept you try, make sure to pick a theme and stick with it. For example, if you use a certain type of cracked stone path in your backyard path, try to find other decorative items (such as bird baths) that match it. Otherwise, your yard will lack a unifying style. Consider The Taste Of Others, Not Yourself When you’re landscaping your home, you’re likely going to want to make it highly personal to your taste. If you weren’t trying to sell your home, that would be okay, but making your home too personal will decrease its value. Depersonalizing a home is the art of making a home appear more general and appealing to a wide range of people. It might seem like landscaping your lawn contradicts this, but that’s not necessarily the case. For example, you could add a stone pathway in the backyard from a small sitting area and the back door. This is a pretty general landscaping design concept that looks good and is likely to be attractive to many people. Adding wildflower decorations to the front of your home might look good to a lot of people (including you), but might not be as attractive to a general audience. Make sure to talk to your realtor and a landscaping expert before attempting any project when you have a house for sale. Even if landscaping can improve your home’s value, paying too much will negate that boost. Realtors and landscapers can help you pick projects that you can afford and which maximize your home’s...

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4 Tips For Relocating To Denver During The Winter Months

Posted by on Jun 14, 2016 in Uncategorized | Comments Off on 4 Tips For Relocating To Denver During The Winter Months

Denver is a beautiful place, and learning that your job has transferred you to the Mile High City can be good news if you love the outdoors, enjoy beautiful views, and want to live in a metropolitan area that is growing and thriving. But depending on where you’re moving from, Denver can be a foreign experience, especially during the winter months. Use the following tips and information if you will be relocating to Denver during the winter: Prepare for the Change in Altitude Denver is called the Mile High City because it has an elevation of exactly 5,280  feet. If you’re moving from an area with a lower altitude, it may take some time to adjust to the thin mile high air in Denver. After moving into your Denver home, it is a good idea to take it easy when exercising outdoors so your body can adjust to the change in elevation. Drinking a lot of water may help prevent the symptoms of altitude sickness. Make Sure Utilities are Turned on in Advance Denver weather can be quite chilly and cold during the winter months, so it is essential to ensure that your electricity and gas services are turned on before you move into your new Denver home. After the stress and hassle of moving, you are sure to need to run the heater, take a hot shower, and light a roaring fire in the gas fireplace.   Keep Winter Items on Hand Denver weather can be quite unpredictable– one day it can be sunny and pleasant, and the next day a serious winter storm may roll in. When planning a winter move to Denver, make sure that you remember to buy winter clothes for all family members, along with de-icing agents and shovels. Depending on the time you move during the winter, it may be necessary to shovel snow from your driveway and spend time out in cold weather that you may not be used to. Keep Your New House Clean If you’re relocating to Denver in the winter, there is a good chance that you may encounter snow or slush. If you want to keep the interior of your new residence clean, make sure that you lay down drop cloths, especially over any areas that have caret. It is also a good idea to keep a towel on hand to wipe down boxes if you happen to be moving into your new Denver home during a really cold rain or heavy snow....

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Three Answers To Questions About Commercial Real Estate

Posted by on Jun 6, 2016 in Uncategorized | Comments Off on Three Answers To Questions About Commercial Real Estate

When starting a business, choosing where to locate the enterprise can be a major decision to have to make. Not surprisingly, there are many people that may feel stress about this task when they are starting their first company. To help you avoid some common mistakes when choosing commercial real estate, you should consider the following answers to some common questions. How Much Will You Need To Pay To Hire A Commercial Real Estate Broker? It should be no surprise that investing in commercial real estate can be a major expense for anyone, and some individuals will attempt to keep these costs low by skipping the use of a commercial real estate broker. However, you should be relieved to learn that you may not need to actually pay your broker. This stems from the fact that it is a common practice for the property’s seller or landlord to pay the buyer’s or lessee’s broker’s commission. Through this arrangement, it is possible for buyers to enjoy the guidance and services of an experienced broker without having to pay out of pocket for this help. Can Leased Commercial Real Estate Be Modified? When individuals are wanting to lease property, it is important to note that the allowed modifications to the structure can vary greatly from one property management company to another. While some landlords will allow their tenants to make drastic changes to their units without penalty, others may require their tenants to pay modification fees. Regardless of whether you will need to pay the landlord or management company a fee, you will likely need to submit the plans for the project to be approved, and you will also need to provide a copy of the building permit for your project. Is All Commercial Zoning The Same? Unfortunately, it can be common for those starting their first enterprises to be uninformed about the various zoning laws and regulations. As a result, these individuals may fail to realize that commercial zoning can often be further classified. For example, one area may be zoned for retail, office or restaurants. Due to this reality, you should clearly explain the activities of your business to your broker so that they can limit the properties they show you to ones that are already zoned for this type of enterprise. While it may be possible to petition to have the zoning classification changed, this can be a lengthy and complicated process that will likely require you obtaining an attorney. For more information, contact a local real estate company like NAI...

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Relocation Package About To Expire? How Can You Quickly Sell Your Home?

Posted by on May 26, 2016 in Uncategorized | Comments Off on Relocation Package About To Expire? How Can You Quickly Sell Your Home?

If you’ve been reassigned to a new work site that requires you and your family to relocate across the country, you may have been offered a relocation package by your company that includes assistance with moving costs or even a down payment for a new home. However, these moving packages often come with an expiration date, and if you’ve had trouble selling your home (or haven’t done the necessary prep work to even list it), you may find yourself running down the clock before you’ll be forced to pay out of pocket for your move or even have your job assignment revoked. What can you do to quickly sell your home before your relocation package expires? Read on to learn more about staging your home and setting a competitive price. What should you do to stage your home for a quick sale? Decluttering and freeing up open space throughout your home is one of the best ways to garner interest. The fewer items (particularly personalized ones like family photos or unusual furniture) in a room, the more clearly potential borrowers can envision their own furniture or personal touches in an area. Throwing away, recycling, or donating items you no longer need or use can also help cut costs (and effort) when it comes to packing up your belongings and trucking them across the country. You may want to rent a portable shipping container to store extra furniture or out-of-season clothes while you’re still living in (and showing) your home. Once your home has sold, you’ll be able to fully pack the shipping container and have it quickly transported to your new location.  You’ll also want to tackle any home improvement or maintenance projects that affect the aesthetic appeal of your home or the function of an appliance. Leaking faucets, chipped paint, and other fairly minor issues can be a turn off to buyers who want a home that’s move-in ready. Spending your weekends and extra time on weeknights cleaning up your home and handling these small repair projects can entice the offers to start rolling in.  How should you determine the asking price for your home?  If you need to sell sooner rather than later, you’ll want to set your asking price at a competitive level that can quickly entice multiple offers. This sometimes means pricing lower than some of the comparable properties for sale in the area — however, going too low could leave you without enough to cover the outstanding mortgage and any real estate agent expenses that aren’t addressed by your relocation package. You’ll want to take your mortgage balance and any other out of pocket real estate costs into account when determining the minimum price you’ll need for your home, and look at comparable listings and recent properties sold to get an idea of the amount your home is truly...

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Four Ways Property A Management Team Can Help With Common Rental And Building Inspection Needs

Posted by on May 18, 2016 in Uncategorized | Comments Off on Four Ways Property A Management Team Can Help With Common Rental And Building Inspection Needs

If you own rental properties, there will always be the common run-of-the-mill needs and issues with tenants and buildings. Sometimes little issues can turn into major problems if landlords aren’t careful. Here are four rental and building issues that property management teams can resolve for you.  1. Initial Vetting of Tenants The best way to avoid ongoing issues with less-than-perfect tenants is to avoid these individuals all together. If you don’t have the time to hold open houses, run credit checks, and follow up on building inspections, leave this to a property management team to handle. They can make sure to personally screen potential renters, check references, and even hold interviews if your property is in a competitive rental market 2. Walkthroughs and Deposits If you own a rental property, you might not be great about initial and final walkthroughs with tenants. Without this step in place, you might not have to proof you need to keep portions of deposits when renters move out. It is important that new renters have a checklist of existing issues or damages that they can keep for their protection and also yours. Walkthroughs, building inspections, and corresponding documentation needed can be handled by a property management team. If a property’s condition upon move in is agreed upon by your tenants and property management firm, this will protect you from disputes down the line. 3. Easier Communication Lines for Tenants There are various day-to-day things that a tenant might need to contact you about, such as building issues or payment questions. If you aren’t reachable or are in another state during an emergency, you could be held liable for further damages or could put your tenants in harm’s way.  If you can have a property management firm handle this, you won’t get behind on your communication with renters or building inspections. This might even save you money over time. If rental disputes are handled correctly right away, this will keep you out of legal trouble. 4. Keeping Documentation Safe Leases, proof of payments, and documentation of any major work done and building inspections can all be kept up by your property management team. This will help with any questions or miscommunications that might pop up down the line with renters. If you aren’t the greatest at keeping paperwork in line, let a property management team do this for you. If you are a property owner, don’t make your life harder by trying to manage all rental-related issues as well. Hiring a property management firm (such as Home Inspection Associate) will keep you, your properties, and your renters...

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4 Tips For Planning The Right Time For Office Relocation

Posted by on Apr 20, 2016 in Uncategorized | Comments Off on 4 Tips For Planning The Right Time For Office Relocation

Office relocation is definitely exciting if you are doing so in order to expand your business or to make many necessary changes to the way that your business operates. However, the task can be quite challenging and stressful because you want to be sure that it works for you and your employees. This means you need to plan the relocation for the right time. Here are four tips for doing that: Move During the Week: Moving during a weekday instead of during the weekend is a great way to get your employees on board. Since more employees will be available to help the move during this time, they will be more willing to be there to move the process along quickly. The more you get employees involved, the more excited they will be about the relocation as well.  Move in the Middle of the Month: Relocating in the middle of the month is often the best option for businesses because businesses are usually less busy during this time. This will take off some of the stress for yourself and your employees because projects will be able to be put on hold without worrying about it getting done by the end of the month. You also want to ensure that employees are focused on new tasks in the beginning of the month instead of stressing about a relocation. Try to Move Within Normal Business Hours: There are some office buildings that don’t allow businesses to move within normal business hours. The problem with this is that you have to plan to begin the moving outside of your normal working hours, which can also be a problem when trying to have employees there to help with the move as well. Check with the building manager for specific rules and try to move during business hours if possible.  Don’t Move in the Summer: Most likely, many of your employees have children and moving during the summer can be a problem when getting your employees involved in the moving process. This is because many of your employees are going to want to go on vacation with the kids during this time. On top of this, moving in the summer is popular, which can make it difficult to find moving trucks and movers for a reasonable price.  When you consider these four tips for planning your time to relocate your business, you can be sure that you do it in a way that works for you and your employees. This way, the relocation process can be exciting instead of overwhelming. For relocation services, contact a company such as Bekins Van Lines...

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2 Home Buying Myths Debunked

Posted by on Oct 14, 2015 in Uncategorized | Comments Off on 2 Home Buying Myths Debunked

After binge-watching reality shows where homes are bought and sold in a day, you might feel like you understand the process. Unfortunately, if you are buying your first home, you might come across a few surprises along the way. Here are two home buying myths debunked so that you don’t have to worry: 1: “You get your keys the day you close.” Ah, closing day. After you finally sign that stack of papers, you might be ready to grab the keys to your new place and start moving in your furniture. Unfortunately, it doesn’t always work that way. Although most buyers assume that their real estate agent will pass over the keys in the title office on closing day, you actually receive keys when the loan funds and records. Unfortunately, this process can take a few days. If you have a wet closing, which is where the title company essentially trusts the lender to transfer the funds into escrow, you might be able to get the keys the same day. However, if you have a dry closing, the lender might have to carefully examine your paperwork and fund escrow before you gain possession—which could take a few days. To ward off disappointment, take the time to talk with your real estate agent about what to expect. Try to avoid booking rental trucks, moving help, or carpet cleaners before you know when you will have possession of the house. It might be hard to wait, but it could save you from a frustrating hassle.    2: “Your loan will stay with your lender.” If you are like most first-time homebuyers, you probably thought long and hard about which lender to use. After you buy your home, it might feel like a slap in the face when you receive a letter stating that your loan was sold to a different lender. However, banks sell home loans all the time. Lenders typically sell mortgages to free up working capital to invest in other properties. In fact, around half of all mortgages are sold during their origination, which means that chances aren’t high that you will be able to keep your favorite lender. If your loan is sold, don’t worry. Federal regulations state that all terms have to be identical to your original loan, including the interest rate, private mortgage insurance price, and even your repayment terms. You might be making payments on a different website or calling a different lender to ask questions, but your actual loan will be exactly the same.    By understanding the realities of real estate transactions, you might be able to keep calm and enjoy the process. Contact a company like Chris Calhoon Real Estate to learn...

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Do You Need To Sell, Rent And Buy? Get A Full Service Realtor

Posted by on Sep 18, 2015 in Uncategorized | Comments Off on Do You Need To Sell, Rent And Buy? Get A Full Service Realtor

If you think your house is getting too small and you are interested in purchasing or building a new home, you need a full service Realtor. If you know that you can’t buy a new house until your old house is sold, and you may need a temporary living situation, the Realtor will help with that as well. Finding the right Realtor is going to be the most important part when making this all happen. Here are a few things you want to talk with the Realtor about when you consider making this transition. Listing Price You need to know what the listing price on the home you live in now is, to see what profit you will have after the sale to use towards your new purchase. This can vary between Realtors, so you’ll want to have more than one Realtor tell you what they think they can get for your property. They should come equipped with comparable sales in the area to show you, along with marketing trends and more. Once you know what profit you should get, it can help you budget more for the new house. Rental Budget Do you have to move into a rental property while you are looking for a new house, because you needed the sale of your original house to close before you could get into a new home? This is common, solet your Realtor know what your rental budget is. They should be able to find you suitable options in the area, even if you just need somewhere to stay for a few months. You may find it’s best to stay in a rental for 6 months until the market gets more houses that suit your needs, or while you build. New House Cost Talk with your mortgage company to see what type of house you can afford, so you know what to tell your Realtor. Your Realtor will then bring you houses that are in your budget in the area. To make sure you get the most for your money, have them bring you houses in nearby areas, or in all neighborhoods in the city where you live. A full service real estate agent should be able to sell your home, find you a rental property while you are selling the house, and also can find you a dream home. Interview more than one and get a Realtor you feel will work for...

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Canceling Private Mortgage Insurance On A Conventional Home Loan

Posted by on Sep 11, 2015 in Uncategorized | Comments Off on Canceling Private Mortgage Insurance On A Conventional Home Loan

Buyers who are unable to make a down payment of at least 20 percent on a conventional home loan are required to have mortgage insurance on the principal balance. Homeowners may request the cancellation of private mortgage insurance, or PMI, after they have increased their equity level to 20 percent. A federal law also provides automatic cancellation in two other situations. Unlike home loans guaranteed by the Federal Housing Administration, conventional mortgages are insured by private insurance companies. The level of risk the lender undertakes decreases as the owner’s equity level in a home increases. By paying for insurance on the mortgage, buyers are able to borrow a larger amount than would otherwise be available without PMI. An equity level of 20 percent is equivalent to a loan-to-value ratio of 80 percent. The Homeowners Protection Act of 1998 provides options to help you plan ahead for the cancellation of your PMI. There are three methods to obtain cancellation of your private mortgage insurance. Written request As soon as your remaining loan balance drops to 80 percent of the value of the property, you may submit a written request to the insurer to cancel PMI. If there is a question as to current value, an updated appraisal may be necessary. The equity in the property must not be subject to any other lien, such as a second mortgage. Late mortgage payments within the last two years might delay insurance termination. Your payments must be up-to-date as of the day of cancellation. There must have been no payments more than 29 days late in the preceding 12 months. Also, there must have been no payments over 59 days late in the 12 months prior to the preceding 12 months. Automatic cancellation The Homeowners Protection Act provides for a mandatory termination of PMI, in most cases, when the loan-to-value ratio drops to 78 percent. If payments are not current, automatic cancellation occurs on the first day of the month immediately following the month in which payments are brought up-to-date. Final termination Regardless of loan-to-value ratio, the insurer must cancel PMI by the time the loan reaches its midpoint. That middle point is the halfway mark between loan origination and when the mortgage is scheduled to be fully paid. As with the other cancellation methods, payments must be up-to-date. Removing PMI from a conventional mortgage produces a noticeable reduction in your monthly payment. Contact a real estate specialist like CU Mortgage Service for more information on home mortgage...

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