News About Properties

News about properties and real estate
June 11th, 2015

How Renters Can Build Long-Term Wealth, Too

Home might be where your heart is, but it isn’t necessarily where your wealth grows.With American homeownership in a steady decline, according to the U.S. Census Bureau, many households are not living in the passive asset that is a house.  Homeownership is a long-term play, and for most families, true wealth only materializes when the mortgage is nearly paid off. Renters have an array of alternative strategies for building wealth, but doing so requires an extra dose of self-discipline to save money in the absence of a mortgage that converts an essential cost of living to an asset.

“The costs of ownership are so high in so many areas that it does make sense to rent – if you can invest the difference,” says Rachel Podnos, a financial planner with Wealth Care LLC, based in Merritt Island, Florida.

via How Renters Can Build Long-Term Wealth, Too.

May 24th, 2015

Bad water holding down property values

Florida Realtors says yes to both in a recent report that says property values were suppressed by nearly $1 billion a year because of poor water quality.

Improved water quality in Lee County would increase property values by an estimated $541 million while Martin County’s property value would increase by an estimated $428 million, the report says.

Overall, property values are rising in both counties, but they’re being “severely dampened” by poor water quality, the report says.

via Bad water holding down property values.

May 24th, 2015

Alternative Retirement Income: Rental Properties – Columnists

For many Americans, especially the Baby Boomer generation, retirement is either here or just on the horizon. The first of the Boomer generation to hit retirement age was in 2011 and according to the National Association of REALTORS®, the population of baby boomers entering retirement is projected to be 10,000 people a day, for at least the next two decades! Mind=Blown! This is the largest mass retirement in our country’s history. With retirement comes the promise of R&R, but you can only relax if you have a way to pay for it reality is a tough pill, ugh!.

Many people are not financially prepared for retirement and thus, the average retirement age keeps creeping up.It may be time to think outside the 401K box. Don’t get me wrong, having 401Ks, stocks, bonds and other traditional investments is great! However, diversity is key in investing and any investment that sends you a check every month while simultaneously growing in value is a huge win in my book.

via Alternative Retirement Income: Rental Properties.

April 30th, 2015

4 Places to Own a Retirement Home and Rent it Out

A retirement home overseas can be much more affordable if you rent it out when you’re not using it. If you don’t plan to be in residence for the entire year, being able to rent your house or apartment to holiday-goers can help cover the costs of owning and maintaining the property. It could even provide cash flow to supplement your retirement nest egg.But finding renters can be a challenge in seasonal retirement spots. In a locale where some times of the year are much more appealing than others, you’ll want to take advantage of the nicest seasons, but those are also the times when you would have the easiest time finding renters.

In places where local services, amenities and shops shut down for part of each year, this can be an even greater conflict. You’ll be tempted to take off traveling, perhaps for a return trip home to visit with your family during the off-season weeks or months, but these are the months when you’ll have the toughest time renting out your property.

via 4 Places to Own a Retirement Home and Rent it Out.

February 15th, 2015

Real Estate Rivals: Where In The U.S. Are Most Homes Cash Buys?

While all-cash purchases are accounting for a smaller share of U.S. homebuying than they used to, they’re still high: about 36% in the latest-recorded month, November. A year earlier, the total was 39%.House hunters face the most cash competition in Detroit and South Florida, says an analysis by real estate data firm CoreLogic.

The analysis notes that the peak of cash buying came in January 2011, when cash deals made up about 46% of all home sales.Investors or other buyers with cash in hand can be formidable rivals to homebuyers who have to get a mortgage approval lined up in order to complete their purchase.

via Real Estate Rivals: Where In The U.S. Are Most Homes Cash Buys?.

February 12th, 2015

Dining room design ideas to put style into mealtimes

Cute Dining Room

photo by Nanimo

Enjoying mealtimes together can be a fantastic way for families to experience each other’s company, and devour some tasty treats together. However, the dining room itself is often a neglected room, and many families choose practicality over style and comfort. Isn’t it time we learned to enjoy mealtimes in style?

Dining room dreams

Dining room design can be as diverse as the rest of your house; combining functionality and style is a fantastic way to create a space you’ll want to dine in for every meal. The first thing to consider is the look you’re seeking to create. Whether you would like a shabby chic style, a child-friendly space, a more minimalist look, or an open-plan kitchen and dining room, the design options are as limitless as your imagination. Are you a regular dinner party host? Are you more comfortable in a cozy, relaxed space? Do you have children to keep entertained at mealtimes? Think carefully about how your dining room will be used, as this will give your interior design dreams an important starting point.

It is also essential to consider the size and shape of your intended dining room. Not all homes have sufficient space to create a single function dining room, and you may find that a multipurpose room, combining a dining and living space, or open plan kitchen/diner, works better for your family’s needs. It is essential to measure and create plans for potential dining areas, and ensure that all of your furniture and accessories will fit. Working around the space you have available will often help you to plan the finer details; alcoves and original wooden features can work well with a vintage or shabby chic design, while light and airy kitchen/diners lend themselves to modern and minimalistic interiors.

Food for thought

Now you’ve decided what it is you want from your dining room, it’s time to let those creative juices flow. Never underestimate the power of color; whether you paint the entire room, add splashes of color in the form of wallpapered features, or simply add some bright accessories, a vibrant and inviting room can make mealtimes a proper occasion. Dining rooms that need to cater to children’s needs work well in Technicolor; they’ll be tempted up to the table no matter what’s on the menu. Looking for a more modern design, or something a little rustic? Patterned paper, black and white accessories, and neutral walls will give a contemporary feel, while warm beiges and creams ensure an air of country living.

Once you’ve decorated, it’s time to start thinking about furnishing. If you host regular dinner parties, then extending dining tables, beautifully upholstered chairs, and plenty of furniture storage are a must, while quieter family mealtimes can be complemented with cozy armchairs, friendly round tables, and sideboards. Try sourcing second hand or bespoke pieces, including distressed furniture for a shabby chic or vintage feel, or copper accessories and traditional oak furniture for a warm, rustic style.

Dining rooms are one of the most frequently neglected rooms. However, as more and more people seek to capture the magic of family mealtimes, renovating these tired spaces into fabulously stylish rooms is becoming more popular; get ready to dine in style.

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