January 29, 2014
When it comes time to sell your home, knowing which features to capitalize on and what changes to make is extremely important. Some renovations can be quite costly so you don’t want to spend money on something that won’t appeal to potential home buyers. You can read more about various features home buyers are looking for at Dean Graziosi’s real estate blog.
Basements are often sought after and have a wide variety of uses. If they are unfinished, they are most often used as storage space or a hang out for the kids. A finished basement, on the other hand, can serve many different purposes.
A finished basement can serve as a mancave, a place where the guys can gather and do their thing. It can also serve as a game room. Because most basements are large, this makes for a great option. You can add a bathroom so guests don’t have to continuously traipse up and down the stairs.
A finished basement would also make a wonderful apartment for a college student or to serve as in-law quarters. You can add a bedroom, full bathroom, a living room, and even a small kitchen. You may even be able to add a door that leads directly outside to make coming and going easier. This, however, will depend on the set up of your basement and home as a whole.
So, what are home buyers looking for in a basement? This can be a difficult question to answer because it will differ greatly from one home buyer to another. So should you finish your basement?
Talk to realtors in your area to find out if a lot of home buyers go for finished or unfinished basements. Learn what people are looking for before shelling out a lot of cash unnecessarily. Potential home buyers may want to finish the basement space for themselves, turning it into the room or rooms of their choice.
As pointed out in an article posted on quickenloans.com, while a finished basement may not give you the best return on your home, it can really work in your favor. Whether you are choosing to use it as space for an extra bedroom, office, or playroom, it definitely has its many purposes.
Before deciding whether or not to finish your basement, figure out a budget. How much will you have to spend on a project such as this? If you won’t be able to afford it, you can either wait until you can, renovate, then sell, or you can forego the project altogether and put your home on the market.
You will also need to figure out how you wish to finish the basement. Different projects will vary where price is concerned, so your budget may once again be the deciding factor. You can learn more about other similar real estate topics by visiting Dean Graziosi’s website.
December 26, 2013
Older homes have a lot of appeal that many newer homes are lacking, according to Dean Graziosi. But with that charm and appeal come issues that are common for older homes, the most common being that they are generally not energy efficient. It has been reported that approximately 1/3 of energy consumed by the nation can be attributed to the residential sector and primarily to homes that were built prior to 1983. If you are the owner of an older home or are considering purchasing one, there are some things you can do to keep your older home warm during winter months.
The first thing that you should do is have an energy audit performed. An energy audit will help you see where you are losing the majority of your heat and where cold air is coming into your home. This service can be performed by some utility companies for free, if your utility company does not offer this service you may want to find a professional company that is experienced in this procedure. A professional auditing company will point out sources of air loss that are not obvious. Once you know where you are experiencing heat loss you will be prepared to take steps to help stop it.
The next thing that you should is check your doors and windows for gaps that may be allowing warm air to escape and letting cold air in. Sealing these areas is one of the least expensive and easiest ways in which you can save on your energy bills. You can purchase weather stripping at any of your local home remodeling stores and many of the big box retailers stock it as well. Another great way to ensure that no cold air comes in through your windows is to seal them using plastic sheeting. There are many different designs and options to choose from when it comes to plastic sheeting. Just remember to choose the right size for the window that you will be covering.
Another great thing that you can do is to install or update the current level of insulation in your home. If you prefer not to deal with the installation of insulation on your own, you may want to hire an experienced insulation company that will inject a foam resin insulation into your walls. This is a relatively easy process and can be completed in a day. When this foam is injected into your walls, it will expand into the spaces between the wall supports providing you with a warmer and more efficient home. These are only a few of the easiest ways in which you can keep an older home warm during winter months.
December 19, 2013
As winter begins to settle in and place its icy cold grip on our homes it is time to perform some steps that will ensure your fireplace is ready for winter. In addition to ensuring that the flue is in proper working order, there are some other things you should do before you light that first log, according to Dean Graziosi.
To prepare your fireplace and ensure that it works properly throughout the winter, you should take a few minutes to visually inspect your chimney from the outside. You should take note if you notice any leaning, masonry joints that need repair, or any chipped bricks. You should also look for any holes or cracks that can affect the functionality of your fireplace. If your fireplace is constructed from metal, you should look for any stains, areas that have become loose, or any corrosion. If you can get to your fireplace through your attic, you should inspect that section as well.
After you have carefully inspected the exterior of your chimney you should move onto the chimney cap. A properly functioning chimney cap will reduce any damaged caused to your chimney by animals and water. If your chimney is uncapped, snow and rain can find their way in and freeze which can cause damage to your fireplace. If any animals have built nests in your chimney, those nests may create clogs which can expose you and your family to worms, ticks, and fleas. To ensure that animals cannot gain access to your chimney, you should use a chimney cap that includes screen mesh.
On the interior of your home, you should carefully inspect the area surrounding your chimney for any wetness or stains that may indicate water leakage. These leaks may be caused by deteriorated flashing surrounding the chimney near the roof line. Leaks can also occur by a damaged flue liner that may have become damaged by weather and time. If you notice any signs of water near your chimney, you should call a chimney expert at once.
The next area that you should pay attention to is the flue. During this step, you should open the clean out door located at the base of the flue and using a flashlight you should look up the flue looking for any signs of soot buildup and any cracks, separation, and holes. If you see anything that causes you any concern, you should contact your local chimney professional to inspect your chimney and give it a thorough cleaning.
The final step you should take in preparing your fireplace for winter is to inspect the brickwork in your fireplace looking for any signs of wear and damage. During this step, you should also inspect the damper. Your damper should open and close without any problems and be easy to operate. If you notice any signs of problems, you should not hesitate to call a professional to thoroughly inspect the interior of your fireplace.
December 10, 2013
Investing in real estate can be a lucrative venture. There are different types, so when choosing, you should learn about each and how it might benefit you. One type worth considering is commercial real estate. These buildings are typically used for business purposes. Many owners rent them out for various reasons and make a lot of money doing so. Dean Graziosi writes in a post that many people choose to invest in commercial real estate for the obvious reason, which is the amount of money that can be made, but there are other reasons that stand out.
One great reason can be summed up in one word, synergy. This concept is based on the premise of putting the same amount of energy and effort into a project but winding up seeing a much larger result. Here, you’ll go through the same process and put forth the same amount of work no matter the size of the property. How much the property is worth and how much you’ll see on a return are also irrelevant because you’ll exert no more effort than you would with a much smaller property in terms of process.
Following this line of thought, many investors choose to purchase larger properties that cost more, but that will be worth more in the end. The idea is if you’re going to put the same amount of work and energy into a $4,000,000 deal as you would a $16,000,000 deal, why not go for the larger, more expensive property you could then make a lot more money from later on. The main reason why people choose to invest in property is, of course to make money. Investing in commercial real estate can make you a lot of money over time. It’s all about making the right decisions and taking advantage of great opportunities when they arise. Dean Graziosi also writes that leverage is another reason to invest in commercial real estate. Here, you are examining ways to decrease your invested capital while getting the most return. One way of doing this is to borrow part of the initial investment, then pay a specified percentage on the money that has been borrowed. This works because the total cost of the initial investment can be lower when other people’s money is being used. This would increase your overall return. While you won’t practice this in every situation, it does work and might be an option in the right one.
A post on the Hinis Securities website, cites some reasons why investing in commercial real estate is a good idea, stating doing so has historically offered: protection against inflation, income, and a modest appreciation among other things. You can learn more about this and other relevant real estate topics by visiting Dean Graziosi’s website.
November 19, 2013
When preparing your home to be shown to prospective buyers, think of how you would want it to look if viewing it for the first time. You are used to all the features and accents, to every aspect of your home that made you want to buy it. Prospective buyers, on the other hand, may see it in a completely different way. It’s safe to say everyone will come away with something different in their heads. This could be a particular feature or characteristic that served as an attention grabber. The same goes for the little things you took the time to do or those you didn’t do. As Dean Graziosi points out in a post on this topic, you should create a pleasant atmosphere that will be helpful to buyers.
Declutter the outside as well as the inside. Buyers will see the outside first. If they don’t like what’s there, they will probably never make it into the house itself. That is why the yard, garage, and all surrounding areas should be free of clutter. Remove all items that are taking up space and can be stored elsewhere. Free space looks better and allows prospective buyers to form their own picture about how the space should be used. As stated in an article in Forbes, you should think long-term.
Decluttering the inside will have the same effect, but will also make the rooms seem larger. This can go a long way toward helping buyers figure out the best ways to use the space. Remember, you are showing them the space, not how to use it. Let them be imaginative and give them the perfect atmosphere for figuring out how they would do that.
Do maintenance where necessary. If something needs repairs, make sure they are completed before your home is ever shown. Even the smallest of details can make a huge difference. For example, a wall badly in need of a little paint or new wallpaper can create the wrong vibe and change the way in which a buyer sees your home.
Appeal to the senses. If conducting an open house, consider playing soft music rather than the type you might usually listen to while driving to work in the morning. The same is true when choosing a scent to make your home smell clean and fresh. Avoid the harsh scents and make sure the ones you do choose aren’t overpowering. Dean Graziosi explains how to appeal to the senses in a post on his website.
Don’t go with any type of theme when showing your home. Certain color schemes or ideas might distract prospective buyers and make it difficult for them to focus on the actual features of the property itself.
Taking the right steps to prepare your home for buyers is important. You can visit Dean Graziosi’s site for information on this and other topics.