Everyone wants to find great deals, but in this housing market, it can be difficult. It can be incredibly competitive, and many properties might ask you to pay an arm and a leg for the deal. Here are a few ideas to help you find great deals on the housing market. Buy a Foreclosed PropertyBuying a foreclosed property is a great way to get a good deal on a housing property, but it can also be extremely risky for many reasons. You might be buying during the short sale—directly from the seller themselves. Or you might be buying the home in an auction, which is incredibly risky as you’ll most likely have to buy the home in cash and as-is. The home might also be sold by the bank, and it may be offered at a discount. If you do decide to buy a foreclosed property, know that it is not for the faint of heart and can be quite a risky game to play. Find Great Deals: Buy a Fixer-UpperYou can also buy a fixer-upper. A fixer upper home will require a lot of work to transform it into a livable place, but if the bones of the house are good, and you like creating your own dream home, then a fixer upper may be a good option for you. There are many exterior fixes you should be prepared to pay for. These include repairing siding, repairing the roof, adding trim and painting. This doesn’t include any fixes you may want to make to the property itself. Fixing a fixer upper is also not for the faint of heart, but it can be quite a dream come true to see your dream come to life when the project is finished. Find Great Deals: Check CraigslistAnother thing you can do is check Craigslist. Craigslist is a great place to check because they will post listings for houses, many of which are in a fixer upper state. It may be the opportunity to find a house you want to fix and make your dream home. Craigslist is a great resource for real estate purchases and can help you find a good deal on a home. You can find great deals on the housing market, but the deals you find will likely require a lot of work. If you’re willing to put in that work, you can easily find the home of your dreams. To find the home of your dreams, take a look at our listings! Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
RE: How to Find Great Deals on the Housing Market The post How to Find Great Deals on the Housing Market appeared first on Steelbridge Realty LLC. from https://northfortmyersonline.com/2020/07/24/how-to-find-great-deals-on-the-housing-market/
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It sounds but having some large land attached to your property could be problematic. So you’ve got a new property and it comes with a large piece of empty land. At a loss as to how to use it? Never fear! There are many things you can do with empty land. Create the Ultimate Social SpaceYou can create a large social gathering place for friends and family. Whether that means building a structure where you can host dinners and parties or even screen movies, or simply installing seating where you can spend time talking with family and friends, your empty piece of land can easily be transformed into an oasis for spending time with the people you love. Consider including a fire pit, outdoor kitchen, or other features which can maximize the success of social gatherings. Large Land on Your New Property: Start a Small FarmYou can start a small farm on your land. Having your own farm where you can grow your own food and raise animals for different resources is a great idea that promotes self-sufficiency, and it’s never been easier to start one with the knowledge and resources found online. When it comes to growing food, it is easy and beneficial to purchase seeds online. There are lots of benefits to buying your seeds online, such as convenience, affordability, and diversity of options. Turn It Into a Business VentureYou can also use your vacant land as a way to make money. Look at it from a business standpoint. Are there resources which could be harvested and sold, such as wood? Foresting timber can be a valuable pursuit, and you could even start your own firewood-selling business. You could also rent out the land as a place where customers could store RVs, boats, or even horses. You could turn it into a campground and charge people to camp on your land—although this might also require paying for additional insurance. There is also always the option of selling the land, if you do not feel motivated enough to spend the time and money to develop it into something new. Large Land on Your New Property: Make a Solar FarmDepending on where you live, you could also use your land to harvest solar energy. Create a solar farm and sell the energy to energy providers or electric companies. In order to do this, you would need to install solar panels on the land or rent the space to companies who could build solar panels themselves. The possibilities are endless. You can turn the land into a place for entertainment, growing food, or making a little extra money on the side. Whichever direction you choose, you will have plenty of options. Whether you want a house with lots of land or a small yard, we’ve got lots to choose from. Check out our listings!
RE: What You Can Do With the Large Land on Your New Property The post What You Can Do With the Large Land on Your New Property appeared first on Steelbridge Realty LLC. from https://northfortmyersonline.com/2020/07/24/what-you-can-do-with-the-large-land-on-your-new-property/ Living in a small home might seem cramped, especially if you’re more accustomed to larger space to begin with. There are some ways you can make the best of living in a small house though. And with that much less space to clean, light, and heat or cool, you may find that once you get used to it you prefer a small home to the big one. Make Space OutdoorsIf you have space outside, you probably won’t feel very cramped. If you ever do, all you have to do is go outside. Depending on how much space you have on your property, consider adding a patio. There are a plethora of ways to style a patio to make it your own. Adding shade, furniture, and decoration can be great ways to make your patio a comfortable and inviting space. You’ll want to make sure you take into account the climate you live in when choosing patio furnishings. Not all furnishings are suitable for all climates. Make the Best of a Small Home: Maximize StorageOne of the tricky things about downsizing to a smaller house is figuring out what to do with all of your stuff. One of the tricks is to maximize your storage space. You can use furniture in creative ways to store your belongings. There are a lot of multipurpose furniture pieces these days that are designed to double as storage space or be transformed into other furniture. There are desks that fold out into beds, for example, and captain beds that come with drawers and shelves built into them. You can also add floating shelves to your walls. These can be great for storing odds and ends, decorations, books, or other smaller-sized items. Make the Best of a Small Home: Make Space Look BiggerYou might also try using illusions to make space look bigger. Certain colors make space look bigger, while others make it look smaller. How you use colors matters too. You might find that painting the ceiling the same color as the walls makes the room look taller. You can also use light to effect as well. Strategically placed mirrors that reflect natural light can brighten a room and also give the illusion that the room is bigger. Be careful where you place them though. You don’t want to get an eyeful of reflected sunlight. You also might try playing with the arrangement of the furnishings. Layout and placement of couches and sofas can make a space look more open or closed off. There are a lot of things homeowners can do to make the most of a smaller home. Strategic interior design can make a room appear bigger. You might try strategic methods of storing your belongings. And there’s always the great outdoors. Making a small piece of it your own can help you feel more free. The most important thing is to make your home a place where you’ll be most comfortable. Looking for a new place to live? Check out our listings! Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
RE: How to Make the Best of a Small Home The post How to Make the Best of a Small Home appeared first on Steelbridge Realty LLC. from https://northfortmyersonline.com/2020/07/24/how-to-make-the-best-of-a-small-home/ Buying and renovating a fixer-upper seems like a wise investment. However, there is a great deal of work that goes into these properties. If you are looking to rent out this space, then you want to pay careful attention to the main components to ensure your tenants are safe. While paint and new carpeting might be smart additions, they will be of little value if the electrical system has old knob and tube wiring. Clean UpCleaning up these properties can be a monumental task. You will need plenty of help, especially if there is any rehab to be done. It would be useful if you had a large dumpster and plenty of elbow grease. Anything questionable or dangerous should be notated and added to the repair list. Use disinfectant to kill off any germs from age, sitting empty, or wildlife that may have occupied the home during the transition. How to Make a Fixer-Upper Ready for Tenants: RepairsThere will most definitely be a long list of repairs on a fixer-upper. Look for issues like uneven floors, old wiring systems, HVAC units that are outdated or not efficient, as well as water damage. Water damage can be exceptionally costly to repair, and mold can be found in many different areas of a home. While the first place you want to look is the basement or the bathroom, don’t be so sure that there isn’t mold hiding in other spots. You may need to remove drywall to uncover the true magnitude of the problem. As you go through the home during your repairs, make sure that you do everything from a safety point of view. Attending to repairs now is a prudent step, as it could cost you more down the road if someone gets sick or perishes while renting because of situations in the home. Upgrades and ImprovementsThe goal of most fixer-upper homes is to get in and out for as little money as possible. The longer it takes to make repairs, the more money it’s going to cost you. However, you cannot rush through a renovation project and put tenants into a dwelling without taking the proper precautions. If the HVAC system needs to be upgraded, then fix it. If the home needs to be re-piped, then handle it now. It’s always easier to make repairs before someone moves into the home then to try to work around them when they are inside. Buying and rehabbing fixer-upper homes is a great way to have a rental business with low overhead. Before tackling such a project, you must make sure you have the money and the time to do things right. As a landlord, you have certain laws that dictate tenants’ rights, and you don’t ever want to cross those by having things like mold or bad wiring inside one of your properties. If you’re looking for a new property to rent, take a look at our listings! Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
RE: How to Make a Fixer-Upper Ready for Tenants The post How to Make a Fixer-Upper Ready for Tenants appeared first on Steelbridge Realty LLC. from https://northfortmyersonline.com/2020/07/03/how-to-make-a-fixer-upper-ready-for-tenants/ Are you interested in a real estate venture? Are you considering starting a new venture? If you are, you should consider establishing an LLC. An LLC is a business entity that can give you many advantages. It is going to protect your personal property, give you tax benefits, and afford you more privacy. Establishing an LLC for Your Real Estate Venture: Reduce Personal LiabilityAs the owner of a real estate property, you can be held liable if an accident occurs on your property. If the injured person can show that your negligence contributed to the accident, you could owe thousands or even millions of dollars. This could cause you to sell the property to cover the costs. If you still owe money, you could be forced to pay from your personal funds. They could even take your own home. So how do you protect yourself? The secret is to own nothing, but control everything. Transferring your real estate property to an LLC reduces your personal liability in case of a lawsuit. If the LLC is the owner of the property, the injured person must sue the LLC. Once the LLC’s funds and properties are gone, they can’t take anything more. Your personal funds and assets are protected. Tax BenefitsThere are also several tax breaks for setting up an LLC. By setting up an LLC, you can avoid double taxation. Your LLC will also allow you to take advantage of qualified business deductions. In most cases, you can take a 20 percent deduction on your business income for tax purposes. You can also deduct costs of advertising your property and maintaining it. Just be sure that you keep accurate records of everything. You don’t want to run into trouble with the IRS. Establishing an LLC for Your Real Estate Venture: PrivacyThere are many reasons that you will want to keep your personal information private. If other people find out that you own a property, you could be bombarded with spam and other business mail. By using an LLC, you can avoid having your name be put on the public records as the owner. Anyone that is trying to determine where the owner of the property lives will get thwarted. Instead, they will only be able to find the place of business. This can be extremely helpful if you have a tenant that gets angry with you. Real estate is a great way to generate passive income. However, it can quickly turn into a nightmare if you don’t take the proper precautions. By setting up an LLC, you give yourself the ability to protect yourself from many of the things that can go wrong. This protection will increase the likelihood of your new venture working out. Interested in real estate but don’t want to work alone? Join our team!
RE: Establishing an LLC for Your Real Estate Venture The post The Benefits of Establishing an LLC for Your Real Estate Venture appeared first on Steelbridge Realty LLC. from https://northfortmyersonline.com/2020/07/03/the-benefits-of-establishing-an-llc-for-your-real-estate-venture/ |
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