If you're thinking the ideal time of year to sell a house is spring or summer, you may be correct. But the problem is, plenty of other sellers are thinking the same thing. That means there is much more competition in the marketplace in the first half of each year.
The thought of inheriting a house along with all its contents may be intimidating. It seems that most of us fall into one of two categories when we are planning to inherit a house. We are usually excited to have the house or we are dreading having the house, and we'd like to sell the house and get cash instead.
In the aftermath of the longest economic expansion in U.S. history and the impressive 3.2% annualized rate in the first quarter of last year, which direction is the $19 trillion income-producing economy headed?
If you're thinking about getting tenants for your house instead of selling it, be sure to think about your expenses as a landlord. It's tempting to look at the monthly rent as additional income, but there are several expenses to consider, such as taxes, insurance and property maintenance costs.
Thinking about a no-down or low-down payment mortgage? You might want to consider the consequences before jumping into your mortgage loan commitment.
It is conventional wisdom that it is better to invest in apartment buildings that are within driving distance. This is especially true if you plan on managing the building yourself. It stands to reason that the closer you are to your buildings, the easier it will be for you manage them.
1. Know the Formula. When it comes to commercial real estate, Return on Investment (ROI) should guide each renovation decision. While research and careful planning help avoid renovation mistakes, it can also point to those investments with the best operating payback and increased market value.
Want to be a good tenant? Then read through the entirety of your contract. It will clearly outline how long a lease you are agreeing to, as well as any other important tidbits of information, such as whether or not you can do minor remodeling, change out light fixtures, and so forth.