A lot of people don’t realize that something as simple as a cubby house can add value and interest to a property, and this is something that any homeowner should think about. Whether you are planning on staying put and looking for something to add to the yard for your kids to use and enjoy, or you are looking for a way to prepare a property to go on the market, a cubby is a simple and affordable solution. You can choose from a wide range of designs, styles and uses, and many good models can be found for just a few hundred dollars. They can immediately transform and beautify any property, and this can have a dramatic impact on the bottom line of your home’s overall appeal and value.
People who have cubbies and children will tell you how these accessories provide a convenient, engaging and safe form of exploration, exercise and creativity. Whether they have a cottage-style miniature home or an elaborate play area, these items give kids a place to go and things to do without having to drive them to parks or other recreation areas every day. Parents will also tell you that cubbies make their yards look and feel great, and they also make for less work as opposed to having a garden. They only require some basic and routine maintenance over the life of the unit to keep it looking great. Sellers will tell you that buyers with families like properties in these play areas because of their kids, and this can be a little enhancement that distinguishes a home from the competition.
There are lots of little ways to enhance a property to increase its value, from adding flower boxes or shutters to windows to putting in some simple landscaping enhancements or a modern paint-job. Adding a cubby is one of many little things that you can do that may increase the overall appeal and value of your property. And, as long as you and your children are living in the home, cubbies also provide a place where kids can go outside and have fun. This alone speaks volumes in terms of the benefits that this simple accessory can offer anyone who is looking for ways to entertain their kids while hanging on to their precious free time as well.
Anyone who wants to incorporate little things to boost the appeal of their property, either for their personal benefit or to make it more likely to sell should consider a cubby house today. They are affordable, easy to install and can have an immediate impact on the look and feel of any backyard. Browse through some options and see how many different designs are on the market today. Choosing a quality product from a manufacturer who has an extensive catalog of kid-friendly and durable cubbies can lead to years of good use as well as something that will pay dividends in the future if the property goes on the market.
Author Bio: Paul is a member of the CountryCubbies.com.au team. Country Cubbies is Australia’s leading cubby house manufacture.
Apart from all the upshots of the government shutdown, did you know that the shutdown could make it difficult for the big banks to close on your mortgage loan. One of the biggest issues that the mortgage lenders will face is the Internal Revenue Service. Before any lender closes on a mortgage loan which is backed by Freddie Mac and Fannie Mae, they require verifying the income of the borrower with the IRS. But due to the government shutdown, IRS operations have been curtailed and therefore the agency is not being able to handle any kind of paperwork which the banks might need to close the loans. The mortgage loans which have been insured by the Federal Housing Administration could also go through delays as they’re operating with very few staff and hence the loan processing will suffer like never before.
When the decision was taken that the government will be shut down for a particular span of time, there are rumors that this will also derail the housing market recovery. But the federal government won’t actually impact the recovery of the housing market, rather it will affect the closing of some mortgage loans. If the shutdown continues for less than a week, there will be no such big deal as most mortgage loans will take 30-60 days of closing, and a short delay in the processing won’t affect them hugely. But if the shutdown continues for even a longer span of time, the closings of all the loans will be hampered.
The impact of the government shutdown on new mortgages – Know the consequences
If you watch the markets, the mortgage rates will certainly fluctuate but there was no such massive movement.. With the huge uncertainty at the backdrop, let’s take a look at the ways in which the government shutdown will impact the mortgage market.
• Shutdown might lower the rates
Technically, the mortgage rates might move in the same direction as of the economy. If the lenders and the banks feel that the economy is slowing down (as it might be due to the prolonged shutdown), this will lower the mortgage rates and also attract more and more people to get new mortgage loans. Although there may be some kind of bumps as the Social Security Administration would have limited services, this will also affect the process.
• The FHA loans will be affected
If you’re someone waiting for a Federal Housing Administration mortgage loan, you are sorely out of luck. Approved mortgages by the FHA will certainly be slowed down during the government shutdown. Even though FHA offers other services to the public, their processes will still slow down.
• IRS docs will be out of reach
DUe to the government shut down, the mortgage firms won’t be able to verify the income and tax returns through the IRS. While taking out a mortgage loan, the approval is subject to review and apart from that the one year’s worth of federal tax returns is also checked.
So, with the government shut down, not only will the mortgage industry and the housing market suffer, the other industries will also be shaken. Take into account the above mentioned factors so that you can take informed and measured decisions about home buying during the government shutdown. Also you can use a home mortgage calculator before taking the plunge into home buying.
It was only in the recent past that the process of buying a house was considered to be a somewhat laborious and expensive process, often involving many wasted journeys to view properties that, in reality, appeared to have been somewhat artificially described in limited estate agent sales particulars. If a prospective purchaser were considering relocating to a new town, or even a different country, the potential for such wasted time and expense was even greater. The increasing presence of online real estate marketing has gone a long way towards remedying these issues, making life considerably easier, not only for buyers but for estate agents and sellers.
How Does Internet Marketing Help the Agents?
Increasing the Size of the Market
Estate agents very quickly became aware of the possibilities presented by the internet, so far as property marketing was concerned. More and more sophisticated websites were developed, affording realtors the ability to ensure that their properties were displayed quickly and easily, with links to a limitless number of property images and, latterly, videos. Thus, without the need to pay anything over and above the cost of developing and maintaining the website, real estate agents could advertise their portfolio of properties all over the world and in real time.
In addition, internet marketing gave rise to the birth of several real estate portals, through which estate agents could advertise their properties to nationwide and worldwide audiences.
Saving Time – And Money
A further benefit to real estate agents quickly became apparent with the continuing development of internet marketing – the reduction in the amount of time that they had spent on conducting physical viewings of properties. Because so much information is available online beforehand upon which to base a decision whether or not to pursue a physical viewing, there is less of a chance that a viewer will visit a property that they realize that they are not interested in almost as soon as they see it. Any real estate agent or member of their support team who has accompanied a potential buyer on a property viewing will know how dispiriting it is to realize that the viewer hated the property on site! Not only does internet marketing reduce the risk of this happening, thereby optimizing the use of the realtor’s time, it can also assist the agent financially in terms of the number of full-time staff that is required to manage viewings. The effect of abortive viewings, on both buyer and agent is all the more palpable where the potential buyer has had to travel long distances to see the property.
How Does Internet Marketing Help the Buyer?
The biggest advantage to the prospective purchaser of a property is the way that internet marketing opens the door to so many purchasing possibilities. Properties in a different part of the country, or a different country altogether can be addressed, collated and added to a list for future viewing without the risk that time will be wasted looking at totally inappropriate properties. A number of different properties can then be viewed in one visit to the locality, with the added benefit of access to email communication with the agent, prior to the visit, for clarification of any additional queries or issues.
If the agent has signed up with a property portal of the type mentioned above, the buyer has the added benefit of being able to view many properties, marketed by multiple agents, on a single website that links to them all.
The openings provided by the internet for estate agents and property buyers have made the process of buying remote properties far easier than it was previously. Ultimately, of course, the greatest benefit is to the sellers of properties, who achieve a greatly increased exposure of their properties to both a national and international market.
Author Bio. This article was written by Billy Phillips, former Attorney, who is now a regular contributor to blogs and sites related to Real Estate, who is writing on behalf of McCarthy & Co Estate Agents in Torquay, South Devon, whose website can be found at www.mccarthyestates.com.
These days, many individuals are faced with the housing decision to either purchase their home or rent. When figuring what is the best route for your needs, knowing the positives and negatives of both will help with the decision making process. Many people assume renting is a waste of money, but given various situations, it may be better than buying. Both are important financial decisions and knowing what you are getting into beforehand will help.
For those who choose to rent rather than buy, one of the biggest issues you will face is that you will not be paying anything towards the equity of the home. Whether an apartment, condominium, or house, whatever you pay each month will go to the landlord instead of towards a loan. Most who rent know this and understand that they will not be seeing that money again, aside from the security deposit. Unless renting a home is an option, most rentals are apartments or condos. This may deter some people due to the fact that you don’t have as much privacy as you would if you were in your own home because of the close proximity to your neighbors. For those individuals who need their own space, a home is the better option.
Renting a House
Renting is a great option for those who are on their own for the first time or know that they will not be living in the same place for an extended period of time. Most people assume that because you rent that you cannot afford a down payment on a home, but sometimes this isn’t the case. Some people would rather rent due to the fact that there is nothing to maintain, and the landlord is responsible for issues if something were to arise. Because of this, the renter has less to worry about. The savings in having the landlord pay for repairs will add up to a good amount depending on what needs to be fixed and how often problems arise.
Another positive thing about renting is that there is less to pay for. Because you do not own the home, you do not have to pay the property taxes associated with it. Property tax is a large amount of money that has to be paid every year by the homeowner. Another added benefit to renting is the possibility of saving on utilities that may be included in the monthly rental cost. Depending on where you are renting, this may be a big help.
Purchasing a Home
When it comes to purchasing a home there are more pros and cons compared to renting, especially when it comes to costs. As a homeowner you need to figure how much of a down payment you can come up with and keep an eye on the current market as well as mortgage rates. The average home buyer should aim for a 20 percent down payment to avoid private mortgage insurance (PMI), which increases your monthly mortgage payment until that 20 percent in equity is reached. Coming up with such a large down payment may take a long time for most depending on the cost of the home. In many cases, people how rent apartments do so in order to save up for a larger down payment.
The cost of home ownership outweighs that of a rented property over time, as there are more costs associated with being a home owner. Many home buying costs include purchasing costs, yearly costs, taxes, insurance, possible selling costs, etc. Although it will cost more, a purchased home is an investment and the costs can be recouped if it were to be sold. With renting, the only costs besides the monthly bills include security deposit (which you can get back), and renters insurance (which is inexpensive).
There are many more positives to buying compared to renting. The biggest and most important is the fact that you as the owner are paying for something that is yours. Paying the mortgage every month goes towards the equity of the home, and each month you are one payment closer to owning the home. With a purchased home, you have much more freedom to do what you want as far as customization. This is one aspect of home ownership people enjoy because they can make the house “theirs” unlike a rental where you cannot make changes. However, much more responsibility comes with owning a home. If something were to go wrong, you are in charge of taking care of it. More often than not, when something goes wrong or needs to be repaired, it can cost thousands of dollars out of pocket.
When deciding to rent or buy, there are numerous aspects to evaluate. With a home, you have more of an established sense of security with the ability to build equity. A downside to this however is you do not have the ability to move right away if it is needed as well as the added costs that come with being a home owner. With being a renter, you have much more flexibility to move as you are not tied down to the home or need to try and sell it. Both renting and buying can be great for people depending on their current situations and future goals. One is not better than the other like most assume, and both can be excellent financial decisions.
Mark Scheets is a writer for Total Mortgage Services. For the past 15 years, Total Mortgage has combined the personal service and integrity of a local lender with low rates, convenience, speed, and know-how of a national lender.
Investing in real estate can turn a large profit, but only if done the right way. There are many things that can go wrong with an investment, so it is important that you know how to prevent them. Below, you will find some great tips compiled for real estate investors.
Marketing will be crucial to your success.
Marketing is what generates your leads. Without solid leads, you are not going to find good deals on properties. Therefore, if something is not working on your investment plan, turn to your marketing strategy first to see what is going on and what can be adjusted.
Do not be afraid to spend money on marketing.
It is easy to just focus on the numbers and get fixated on how much marketing is costing you. However, it is important to think of the marketing as an investment in and of itself. If done the right way, it will only benefit you in the end.
Always get a good feel of the local values.
Rent and mortgages in the local neighborhood can give you a much better feel of the value of a house than financial statements. When you look at what is going on from a street level, you can make a more informed decision.
Find like-minded people and learn from them.
There are many people interested in real estate investing. So many people, in fact, that there are many community business groups that focus solely on this passion. Or if there is none in your area, there are quite a few online forums where other investors congregate. Get in the mix and learn from your peers.
Look at real estate investment trusts.
If you want to get into real estate investing, but do not have enough money to buy a piece of property on your own, do not fret. Look at real estate investment trusts. Operating much like mutual funds, you can invest what funds you have available in a larger group pool and still make some money off of real estate mortgages.
Try not to overextend yourself.
Don’t get overeager. Start small and work your way up. Don’t just assume that you can spend a great deal and make that money back. That’s an easy way to back yourself into a corner. Wait until your smaller investments can fund some of your more ambitious ones.
When you invest in real estate, you may want to make sure you’re in an area that you really can live in. You don’t want to get real estate just to find out that you don’t like the area because then you’re going to have to own that property and won’t get much use out of it until you can sell it.
Always get your properties inspected.
Inspections are not a bad thing, and you shouldn’t think of them as an annoying expense. Inspections can uncover serious issues that may not be immediately apparent. This can give you negotiating leverage or allow you to fix issues before someone else requests an inspection.
Join an investor group online.
Join an investor group online or follow the blogs of some of the most successful real estate investors in the world. This will give you invaluable information that you can use and implement into your strategy too. You may even be able to talk one on one with this person.
Educate yourself fully on the essentials of real estate investing before you spend a lot of money on a property. Mistakes in real estate investing can lead to some pretty hefty losses if you aren’t careful. Investing in your own training is the best thing that you can do to protect yourself.
Start with residential properties.
If you are already a homeowner or have experience as one, consider starting your real estate investment efforts with residential properties. This arena has been already something you know about, and you can start good investment habits. Once you have comfortably made safe money here you can move on to the slightly different world of commercial real estate investment.
If you are looking to invest in real estate, make sure that you play it smart and do the research involved. This article is just the start of a successful business. Do whatever it takes to take notes and keep this great information on hand when you finally decide to take the plunge and invest.
Sandy Halliday is a writer and content producer for 200SVS, offering premium serviced offices and conference venue facilities.
These days, there are lots of ways that you can find a house for rent. Regardless of what way you decided to employ, it is a must that you know how you can avoid house for rent scams. There are different types of scams out there and if you will not protect yourself, you are certainly in for a great doom.
These days, tenant and landlord fraud are getting more and more popular. The saddest part is that, the rental process has become digital. As a result, it is a lot harder for most of us to determine whether a landlord or an apartment is real or not. In addition to that, it has become a lot easier for them to trick tenants.
If you want to avoid house rental scams, here are some tips that you can definitely use:
Avoid paying a deposit via wire money.
In the event that the landlord asked you to wire money or send a check during the early process of renting, take it as a red flag. If the landlord asked you to send money before you fill an application form, see the unit or talk to them on the phone, then that is too early. Regardless if he says that you are the perfect tenant, he is not the perfect landlord so stay away from him. Keep in mind that leasing is not a fast and easy process. If you are dealing with someone who is in a hurry to get your money, then avoid dealing with them.
Don’t be in a rush.
Even though most fraud landlords would trick you over email or via phone, there are also some tricksters who would even invite you over so that you can have a good look at the house or apartment for rent. If this is the case, it’s best that you keep your guards up. In the event that the person you are dealing with pressures you to make a decision right away, take it as a red flag. No legit landlord would do that. A trustworthy landlord would understand that this is a big decision for you to make right away and he will give you enough time to mull over it.
If it’s too good to be true, it might just be.
Have you ever come across a beautiful apartment with amazing amenities and view then when you looked at the price, you are shocked to see how low it cost? A lot of scammers offer too good to be true deals in order to lure people into their scam. When you think that the deal is too good to be true, it might be a scam.
Always remembers that scammers and tricksters are getting more and more creative when it comes to their scams. It is your responsibility to protect yourself from them.
For more timely tips and advice regarding houses for rent, visit and read MichiganHousesOnline.com’s articles and blog posts.
Image by TFT/iStockphoto.
If you are a first time home buyer, now is a great time to look at making that initial jump. But don’t be afraid to ask questions! There are many things that you will need to know so that you can make a wise decision when purchasing your first home. When the agent asks you if you have any questions be informed and know what to ask.
Most first-time homebuyers will jump straight into buying their first home based on one simple fact. They have fallen head over heels in love with a property. These are big decisions that have life long repercussions when the wrong choice is made. There are three main points that need to be kept in mind when making that big decision.
What shape is the home in?
How much should I offer?
Where is the home located?
Fortunately, the internet has simplified the process of gathering most of this information. I don’t know about other states but when it comes to NC real estate, Zillow.com is one of my favorite websites for gathering this much needed data to help us make more informed decisions. Unfortunately, sites like Zillow.com often have incorrect information due to the database that they pull their information from. It is however a great place to start. Your realtor will be the next best place to look for this information.
Making An Offer On the House
When you’ve finally found the house of your dreams the first step is to compare it to similar sized homes in the same neighborhood. These are some great starter questions:
1. How much are these homes valued at?
2. How many homes in the neighborhood are for sale?
3. Have any other homes recently been sold and for how much?
Now that you know a little bit about your future neighbors and the values of their homes it’s time to evaluate the sellers position on the property you are interested in.
1. How much did the seller pay for the house?
2. How much does the seller owe on the house?
3. How many offers has the seller received?
The strategy that comes with knowing the details of the sellers’ financial position with the home are critical in helping you to understand how much flexibility there may be in the asking price of the property. How much did the seller pay for the house? Knowing this will provide insight into how property values have changed over time. While it may be extremely difficult to figure out how much the seller still owes on the property. It could be worth the effort as this is likely the bare minimum that the seller would be willing to take on the property. Lastly, if the seller has received several offers on the real estate then you will need to step up your offers to match the level of competition that exists. Be careful not to get caught up in the hype or you could end up paying more than your dream home is worth.
In the home buying process there are many more questions that could be asked and that should be asked. The questions listed above are meant to guide you in the right direction as you take that first step to being a home owner instead of a renter. So, when your Realtor asks if you have any questions. You know exactly what to say to make an informed decision.
David Morrison writes regularly for an accumulating number of online publications, but has dreams of one day being sailor. He resides in Raleigh, NC where he provides online marketing services for GetFoundNC.com
Being a landlord is not always easy and simple. You need to deal with lots of challenging factors. You need to collect rents from the tenants, you need to look after the repairing, and you also need to look after the complaints of the tenants. In addition, you need to make sure that you will have to find the right tenant for your property. To reduce the worry, you will require the assistance from a property manager.
The Residential and commercial Property Management services in Northern Virginia will be of big help, if you are not being able to take care of everything alone. However, the service of the property manager can be expensive. Before, you hire the service of a property manager you will have to consider some important factors.
You need to consider the volume of your property. If it is too large, you will have to hire a company that deals with property management in Reston VA. Managing large volume of property can be a headache. In this case, you will have to hire the service of an experienced property manager.
If you live away from the property, you will have the need of a property manager. From a distance you will not be able to deal with the day to day maintenance of the property. You will have to find someone else to take care of your business. The property managers will be able to take care of the task without any trouble on your behalf.
Everyone is busy and finding time from the schedule to look after the day to day activity of the tenants is not easy. To reduce your stress, you need to seek help from the property managers.
If you are a business owner, you need to find different properties for the expansion of the business. In this situation, you will have the need for an established property management sterling VA company.
Will you be able to afford the cost? This is another important thing to consider. The service of a property manager is expensive. You need to find the right one for your business. Therefore, you need to find several companies and take the price quotes.
Finding the Right Company
This can be a difficult task. You need to find the right company who will be able to take care of the property. Once you have the contact details of the companies, you need to ask some important questions.
First you need to know how many other properties the professionals are dealing with. This is important as this will give an idea about the reputation of the property manager. In addition, you need to talk to the property manager more than once. See how the manager is behaving with. If the manager is not listening to your opinion or your statements, you are better off without the service of the manager.
Does the property manager know how to deal with the maintenance issue? This is important. You will have to deal with the maintenance issue of the property. You will have to address the complaints of the tenants as well. For these you will require the service of the property manager.
Summary – Property managers will be able to assist you in maintaining property. They are also responsible for the collection of the rents. It is up to you to find the right property management company.
Stuart Hopes is a blogger who writes real estate articles and blog posts. In this post he is providing you information about Residential and commercial Property Management services in Northern Virginia and property management in sterling VA.
The student property market has been on the rise in the past years. There are numerous factors that have been contributing to this such as willing investors who view it as an avenue for rent collection and peace of mind that comes from parental guarantors. Landlords also attest to the fact that this brings about high rental yield one of the reasons why the industry is pulling on more investors as the days go by. The market has also been plunged by low property prices as well as rising yields which make the ideal combination for landlords as it gives them an opportunity to cash in good profits.
Another factor that might have lead to an increase in the student property market is the fact that it is quite flexible. Experts agree that you can fit in more students into one house than other renters simple because spare reception rooms can be transformed into extra bedrooms where the students can stay to fetch more rent. Students also tend to be less fussy meaning that they can work with older houses that have many rooms as they tend to like such living situations.
To succeed in the property market, all landlords have to do is make sure that they do their homework well with the student property market and you will be able to get the tenants and take money to the bank. Be sure to work on your reputation to become a good landlord so that you can get numerous references for future lets. This said, the future of the industry also seems to be bright if the trends continue this way. There are numerous factors that contribute to this as discussed below.
To begin with, it is considered one of the risk- free investments because there are systems in place used to help in rent collection. Students also have parents as guarantors which mean that landlords will continue getting their money without any complications. In line with this, it also seems like there is a fixed term tendency because students normally book for accommodation at the beginning of the semester and will move out when it ends. Some students don’t even move until they are done with school. Most of them also pay in advance thus the landlord always knows where they stand. This gives them a sense of financial security which investors love.
Research also shows that students do not really care about living in a place that is densely populated as most of the time they only want to get a place that is close to schools. There is also an increase of students who are working meaning that they are able to pay for their own rent and want to live in comfort. For this reason, the future is also looking amazing for banquet student accommodation where investors can also look into a great apartment for such student clientele. This also goes hand in hand with the rise in asset class making it a long term and secure form of investment. Professional letting firms are also looking to reap from the student property market.
Author Bio: Mark discusses the changes in the student lettings market on behalf of Newcastle Student Housing.
Investing in commercial property often is well beyond the financial means of most individuals. Very few people can afford the large sums of cash in purchasing commercial real estate. Generally, for most of the people, their investment in real estate is normally limited to where they’re living i.e. their homes. But unfortunately, their homes do not generate any cash or income flow. It in fact probably cost them some money in rates, maintenance as well as upkeep. This write up will focus on discussing some of the effective tips that will see you safely invest in commercial property.
Safely Investing In Commercial Property
Commercial real estate normally offers multiple investment opportunities for a person to hassle free build wealth. Basically, investors can purchase warehouses, hotels, office buildings, gas station, apartment buildings as well as other types of income producing properties. Let us now have a look at some of the effective tips that will see you invest safely in commercial real estate property.
Tips That Will See You Safely Invest In Commercial Property
Here are some of the effective tips that can assist you as an investor to safely invest in commercial real property;
Tip#1: Joining A Real Estate Investment Club:
This is an ideal tip that can really prove of great benefit in your attempt to invest in commercial property. By joining a reliable real estate investment club, you can be in a position to leverage your capital easily by simply using the resources as well as the knowledge of the club members. This in the long run can really prove of great benefit in your attempt to buy commercial real estate.
If you happen to join any of the real estate investment clubs, it will be your duty that you ensure you attend the club sponsored training seminars in order to gain the necessary information about purchasing commercial real estate property.
Tip#2: Contacting A Commercial Mortgage Broker:
Contact any well known commercial mortgage broker who often specializes in assisting the client’s purchase of commercial real estate at affordable prices. There are some brokers who normally work with the hard money lenders that offer hard money loans or bridge financing. You can take the advantage of that in order to access a loan if the money you want to use in purchasing the real estate property is not enough.
However, if you opt for the hard money loans in your attempt to purchase commercial real estate, you should be aware that these kinds of loans are often for short term investments that will last less than 3 years.
Tip#3: Investing In A REIT i.e. Real Estate Investment Trust:
A professional cash manager can easily navigate the commercial real estate investment and oversee hassle free a diverse holding of the various asset classes. Basically, your credit isn’t considered when investing in securities. A REIT, can also as well assist you in locating different commercial properties that are being offered for sale plus their pricing.
Last but not the least; before investing in any commercial property, ensure that in addition to the aforementioned tips you conduct a thorough research in order to avoid being conned.
Author Bio: Mark discusses the commercial property market and ways to benefit from this market on behalf of Cable Properties.