There is never a bad time for selling a property. Most people opt to sell in the traditional fall and spring seasons. However, some people may opt to sell theirs during winter. There was a time when people would not do that. Now with the advent of technology and access to listings online, it has become much easier. People will not just be scouring the newspapers to look for listings. They will search for them online on their phones. Not many people will be selling their phones in winter. This is when you get it a bit easier, as no one will focus on landscaping. However, you will need to do a few things before you are able to put your home on the market.
For Starters you need to clear the driveway or sidewalk of your home, so no one faces any issues. Do whatever you can to ensure that it is clear of any snow or ice. You don’t want them to feel uneasy or slip while trying to make their way inside.
Boston Property Management: Heat is on
The other thing you need to do is to keep the heat on so that it looks warm and inviting. No one wants to tour a home which is chilly and does not look inviting. When you know that you are to have some prospective buyers, keep the heating on and don’t turn it off at any costs. The heating bill may go up but that is still better than selling your home for a price lower than your expectations. If you can try and make some coffee or hot cocoa, so that it can stimulate the prospective buyers. If your home has a fireplace, chop some wood and utilize it. Let the potential buyers see the value of the home. This will let them see how it also looks. However, you should check with your agent before you do it and make sure that it has been properly serviced. Keep some logs nearby so that the fire won’t die so easily.
Winter time can be terrible when it comes to showing buyers the backyard and landscaping. So do your best to let them see whatever they can so they can get an idea of how everything will be like. So let it be visible from inside even if you have to clear snow or frost off them. The more they can see the better it is for you.
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In the past it was quite easy to find a place to rent as there wasn’t any complicated paperwork or deposits to pay. You just paid your first month’s rent and that was about it. Now it has gotten really complicated as you need to pass a criminal and credit check before you can even make it to the interview stage. It is important for landlords to vet their prospective tenants before they can say yes. This is why a lot of leases now require renters’ insurance. A number of landlords will refuse to let their property unless you take renters insurance. It is not wrong on their part as they feel more secure. Having tenants with insurance means that they will be covered if something does go wrong. They tend to lose out via their pocket and don’t want to be in that situation.
When the tenants have more of a stake in the responsibility of the rental property, then they will always be more careful. A landlord or a property management company doesn’t want the burden to be on them. This will help relax the insurance rates for them quite a bit. When the liabilities pile up, they tend to pass it on to other people. In this case it is the tenants.When there is renters’ insurance, this means that there is also a lot of liability coverage. If there is an accident on site, then the landlord does not have to worry so much about it.
Property Manager MA: Renters
Renters don’t have much of a choice here but then this is for their own benefit. It is good because they are protected in every way. In case if there is any theft or if items in the rental property are damaged, then they are covered for it. Many people forget that they have to pay for their own insurance and that the landlord insurance doesn’t cover personal items. Sometimes the cost of the possessions can be really high and it is a pain if you don’t insure them. The cost to replace them is much higher than the insurance.
The good thing is that renters’ insurance is still quite reasonable. If you want you can take it as part of a package with your auto insurance so you can save money. A lot of people have realized the value of getting renters’ insurance. So don’t wait too long and go for it.
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Boston Property Management: Preparing a room for Children
Children are precious in every sense of the way. This is why we also need to make sure that their bedroom is the perfect domain for them. Not only do they sleep there, but it is also a place where they do their homework, study with friends, play games, have sleepovers with friends and keep their possessions.
The process of planning everything is long but it is very rewarding. You need to understand what a child wants and decorate the room in such a way, that you don’t have to work hard on the changes. The most important point to remember is that you need to consult your children before you go ahead. They are the ones who can decide what they need in their room. So ask them for their input on the sort of colors they want for their rooms. Try to come up with some ideas and see if you can both agree on some practical choices for the furnishings and paint. It is a given that you may have different choices and that your child may want something unfeasible. So agree on something which can be modified later when changes are required.
Boston Property Management: Babies/Toddlers
Experts think that black and white is a good color for children as it helps make the room look bigger. If not, then you can always opt for pastels or at least some bright accent colors in small doses. However, you should remember that colors should be chosen according to the age group of children. If you have a baby or a toddler, opt for soft colors as they need to be able to feel at ease in their rooms and sleep properly. The same goes for toddlers as the colors have a great effect on them.
For children who are slightly older, you can use some nice pastels or patterns in the room. This will make the room more attractive for them. Teens and pre-teens prefer one or two muted colors which allow them to feel like adults. So get some colors which are bold but not too childish for their taste.
You can also decorate the baby or toddler’s room with some nice wallpaper and murals to keep them happy. Children who are slightly older can opt for stick-on wall décor. Teens should be left alone as they can decide what they want on their walls. Their walls will probably have posters and shelves to store their favorite items.
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The best way to prepare your home for the new year is to get tough on yourself and take care of everything. So plan right now and ensure that your home is ready for 2017.
For starters unwrap all your presents and throw away all the wrapping paper (unless you want to keep it for sentimental reasons). Get rid of or donate items you have not used in a while. Once you start organizing your home then you will feel a lot better. You will have made some room for all the new presents and items you have gotten for your home. When you clean every nook and cranny, you can just store the gifts right there.
Put Decorations Away
Once the holidays are over, you will feel lazy and won’t feel like putting your decorations away. Not only do you have to pack everything but you have to tangle up all the wiring. If you have a lot of decorations, enlist the help of every family member so that you can get it done faster. Keep some labeled boxes handy and set a time for them to help you clear it all up. While you are at it, you can clean the house, clear the closet and make more space.
Boston Property Management: Gifts
If you had a tough year picking out gifts for family and friends, then fret not as you can make a difference in the new year. Start saving your money and make a budget for how much you want to spend on them. Keep a limit and write down the amount you want to spend on each person. Don’t go over the limit and you will be very happy. Another method is to keep looking for sales and buy something when you can manage. Then you can keep it away in a safe place and then give it to the person you bought it for.
You might as well plan on staying healthy in 2017. So you can set up a vegetable garden in your home and grow organic vegetables. Add them to your diet and you will see a big difference. The exercise you get from harvesting them is good enough. Also have more fruit as it’s good for your health.
Maybe you can also put aside money every month so you can afford a vacation to a place you have always wanted to go to. It may take time but at least you will be able to afford it when the time comes.
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Property Manager MA: Hidden Costs of Moving
When you are moving there are a lot of costs involved. This is why it helps to sit down and plan everything so you can set your budget. It is not going to be easy as there will be things which may end up making it a bit tougher for you. For starters you can go with movers who will give you an estimate of the move based on the weight of the shipment as well as the location of your new home. It is all about the weight and space of the goods as well as the distance they need to travel. However, you may not be prepared for other hidden costs. The movers will charge you extra for packing your goods, loading them on the truck, transporting them, unloading and unpacking. You will have to account for that cost and it will be quite expensive for you.
You can save a lot of money if you pack everything including the furniture. This will save time and money for you as you will save on a lot of the moving costs. You won’t be able to avoid the other handling and transportation costs though.
Property Manager MA: Easy Access
One thing people forget is that when they move, they have to make sure that the movers have easy access to your old and new properties. Sometimes the area is blocked because of limited access. In some cases, the roads are narrow or it prohibits trucks from the area. It is worse if they have to stop further away from the entrance as this means they will charge you extra. Moving stuff from an apartment building is worse if there is no elevator.
A good idea is to scout your new place to see if it’s easy to bring furniture and appliances. Take measurements so you can be prepared. In the event your new home is not ready, you will have to place the furniture and other items in a storage unit. This will incur an additional fee.
Insurance and other savings
Remember that if you aren’t at home when they come to pick items up, then they will charge you for that. Don’t forget to take moving insurance so that you can protect your items if there is any damage. Try and go for a cheaper time of the year so that you can save money on the moving costs. When you move off-season you will save a considerable amount of money.
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Property Manager MA: Is it worth refinancing your loan?
Refinancing may seem like a wasteful exercise but if done right, one can save around $200 or more every month. It is still a good idea to go for it even if the rates will go up further next year as money saved is a lot over the long run.
Refinancing will still cost you some money in the interim period. This means that you have to pay the closing costs which are around 2 to 5 percent of your loan amount. So this means a loan of $200,000 could cost up to $10,000 in closing costs. This can be avoided if your mortgage lender allows you to use a no-closing cost refinance. The only issue with that is that you will have to pay a higher interest. The only way that works is when you do the math. So look to see how much interest and repayments you would be making along with the closing costs. Then do it with the higher interest rate minus the closing costs. Go for the one which is mathematically cheaper for you.
Experts recommend that one use a refinance calculator to see if it makes sense to refinance. In the event that you want to stay in the home for two years and the breakeven point is four years, then it’s not a good idea.
Go for refinancing only if your interest rate is very high. Cutting it down will be the ultimate goal and quite useful. So when you know that you will be making a lot of savings over the long run, then go for it. The breakeven time will be over in no time and you will really benefit. No use going for a refinance if the cost difference is minimal.
Property Manager MA: Mortgage Insurance
Refinancing could also mean that you can cancel your mortgage insurance. However, this is only possible if you have a lot of equity in your home. Mortgage brokers say that the loan balance must be around 80 percent or less of your home’s appraised value to get this deal.
Refinancing a loan also means that you may be paying more interest instead of paying the principle. The idea is to reduce the interest and make the loan payment. So check out both options to see which one will allow you to pay it off faster.
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Boston Property Management: How to Unclog a Toilet
It is very annoying when your bathroom sink is clogged. That is when you know you have to make an effort to unclog it and it will be quite a big pain trying to do it on your own. This can involve using a lot of chemicals and sometime in the toilet. However, it is not so difficult to do it on your own and you won’t need an expert to take care of it. Plus, you will end up saving a lot of money.
The first thing you need to do is to evaluate the situation and see what is required. Once you know what the situation is then you work it out with each solution. The best bet is to try the easiest solution before you go up to the other options. Experts don’t recommend using chemical drain cleaners till there is no other solution. The problem with it is that it’s not good for your health when you handle it and not for the pipes either. Chemical drain cleaners are also terrible for the environment
Start off by using a plunger on the drain. If the clog is not bad enough, then it will clear easily. If you are unable to do anything with the plunger, then you should use a mild drain cleaning tool. This is good as it won’t ruin the pipes and will get rid of any hair in the drain. You are in luck if the clog is near the drain entrance as it will clean easily. If it’s stuck below the drain, then you need to snake it out.
Boston Property Management: Secondary Steps
This means that you will have to use a drum auger. It is a bad idea to save money and go for the cheapest solution. One with a good grip will make it easier for you to clean it. In the event the drain isn’t clear, then you should use a more powerful drum auger. This means renting an industrial-grade electric auger from a home improvement store. It is more powerful and more durable. This will allow you to get everything done. however, you need to make sure you will be able to use the appliance without any issues.
An important thing most people forget is that you need to run water after you clean the clog. Once that is done, you will enjoy an unclogged experience. Even if it costs you a bit, it is still cheaper than asking for the help of an expert.
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Boston Property Management: How to Flip a Home right
Real estate flipping is a great way to make money and is an interesting hobby. However, this is not something you can just step in and get accustomed to right away. There is a learning curve which needs to be perfected in order to get everything right. Any mistakes will lead you to make a loss in your investment and turn you off from the process altogether. However, this does not mean you should be scared. It makes sense to read everything and look at this guide to see how you can avoid any major problems.
When you start off with the flipping, you may end up underestimating the budget for the renovation of the place. It is not easy getting the costs right even if you have years of experience. Sometimes these repairs may end up costing extra. There can be times when you are not really prepared to pay for it because there is no money left within the budget. This is why you must keep a buffer in case the budget overshoots. A bonus would be if you have contractor experience. On the other hand, you can always work with a contractor to get a better idea of the costs.
Boston Property Management:No plan
Sometimes flippers buy homes without really coming up with a plan. A good flipper should be able to formulate a plan when they venture inside the property. Not every home fits the bill and that’s why you must think carefully before you go ahead. Once you see a home which fits within your strategy and gives you the right vision, they you must go for it.
When you spend a lot of time and effort on renovating a home, you want to sell it to make a profit. However, you may be tempted to sell it for a lot more. The problem is that overpricing the home will make your home sit on the market longer. This means that people will wonder if there is something wrong with the home. In the end you will end up losing money on it. Price it reasonably so that you make a profit and not have to worry about unsold inventory. So be patient and don’t do something which will make you regret your actions.
Not a one-man team
You can’t do everything yourself. This is why you must rely on a good team of people who have expertise within their respective areas. It is a good idea to go for a good contractor, appraiser, lender, real estate agent, home inspector and an attorney.
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