3 HOME RENOVATIONS FOR A FASTER SALE

When you know you’ll be selling your home a few months or years down the road, it’s a great idea to use this knowledge and make renovations now before the chaos of selling takes over your life. Certain renovations increase the value of your home more than others. If you want your home to sell shortly after being listed, consider prioritizing these upgrades over others.

New High-Quality Flooring

Old, outdated flooring will quickly turn off potential buyers. Carpet that’s peeling away or trodden down by foot traffic over the years makes your home look low value. Installing new floors is an instant way to completely transform the look of a home. Wood floors are a great choice: they look polished and have an estimated ROI of 70 to 80 percent. Another great option, particularly if you live where humidity levels are high, is ceramic tile. It’s pricier than wood but still offers an estimated ROI of 70 percent.

A State of the Art Kitchen

It’s common knowledge that the two most sought-after remodels involve the kitchen and master bathroom. The kitchen is what really sells a home however, and an overhaul can really shorten the length of time a home sits on the market. When remodeling the kitchen, try to keep things neutral. Granite countertops are still popular, as are tasteful backsplashes and white cabinets. Upgraded appliances bring the entire package together.

A Yard Built For Entertaining

A lifestyle that involves a lot of time spent outdoors is currently very sought after. Some people want to grow their own food. Others want more of an outdoor living room, a cozy spot where they can sit in comfort and entertain guests. Make sure your landscaping is on point and has a polished look to it if you want your home to stand out as a luxury home. Firepits, shady areas in which to sit, pools, and hot tubs are all great additions with high return rates.

These are some of the most lucrative home improvement ideas that will help you sell your home fast. It’s important to keep in mind that even with all the renovations in the world, your home still might not sell. Everything depends on your local real estate market. Still, these changes should make a home more likely to sell, anywhere in the country.

This article was originally published on WDarrowFiedler.net

3 HOME RENOVATIONS FOR A FASTER SALE

Home Buying Tips For Millennials

Buying a home is hardly a priority for younger generations. Most millennials have other fun things to do in life, and buying a house is far-fetched. But, some are taking the first step in purchasing a home, which is recommended to do. For the millennials willing to take this bold investment more seriously, it is essential to have everything in order. It’s important to have guidance in making these huge decisions. Below are crucial home buying tips for millennials.

Pay off the student loans plus other loans

Student loans are challenging to this generation. A person’s accumulated loans will affect their chance to own a home. Millennials must first consider paying off these loans to realize other dreams. They need to know that most home selling companies and banks will need to review all the loans before offering any financial assistance.

Save money for the down payment

Saving is paramount when it comes to owning a house. Since most millennials do not have enough funds to own a home, they must start saving early. It is vital to have a savings plan that will work for them. Millennials should set realistic savings goals if they’re serious about buying a home, and if they’re uncertain about the right saving plans to take, it’s okay to seek assistance from financial experts.

Be competitive in the market

Once they settle the debts and have a good saving plan, the next thing is to be competitive in the market. It indicates that they ought to get into the house buying process. Seeking approvals from the bank for the homes you’re interested in is integral, and you shouldn’t waste time in making critical decisions about the intended house.

Start shopping for the house

At this point, millennials have to be honest with the kind of home they intend to own. While doing so, it is important to consider homes within their financial abilities.. It is good to see different mortgage plans from companies involved before taking any plan.

While buying a home can seem scary, it’s totally doable and worth your time and money. Be sure to seek out help from the appropriate sources, and you won’t regret it.

This article was originally published on WDarrowFiedler.net

Home Buying Tips For Millennials

HOW YOUR CREDIT SCORE AFFECTS HOME BUYING

Credit score has several impacts on people’s lives, among them being home buying. It is a measure of personal credit files that dictates the worthiness of an individual. Let’s look at some of the impacts that a credit score can sum up.

Lending and Payment

Apart from a rock-solid financial history, a credit score also matters a lot in approaching lenders. It has an impact on the amount of loan you qualify for to purchase a house. They look much into applicants who have a good record with other lenders, especially on payment duration. Thus, it is also an indication that the respective borrower will be accountable and meet the obligations.

A good credit score implies that the borrower will repay and in the speculated duration. This varies depending on your credit report’s information that brings together your history of borrowed money and payment habits.

Mortgage Rates and Credit

For you to acquire the best mortgage rates, your credit score should be high enough. Persons with a low credit score will end up paying more money during the term of their mortgage. This is attributed to the increased interest and monthly payments.

Generally, a credit score of 700 and above will place you in the best position for mortgages and with the best rates. However, there are still better options for credits below 700. Below is a summary of the scores and statuses. 

800 or higher is an exceptional credit, 740 and higher has excellent credit, between 700 and 739 is good credit, and between 630 and 699 results in a fair credit. But for 629 and below results to poor credit.

Down payment Amount

When your credit score matches the desired range, you will be in for a reasonable down payment. Additionally, there will be favorable terms such as a lower original fee. Also, borrowers who bring in more cash on the table reciprocate their potential of delivering and fulfilling the agreement terms. 

Borrowers with a low credit score will raise trust issues and will be an accomplice of higher requirements. Such conditions can be incorporating private mortgage insurance into their loans which is results in extra costs. This is pragmatic, especially for new home buyers who need to create a reputable note.

HOW YOUR CREDIT SCORE AFFECTS HOME BUYING

3D PRINTED NEIGHBORHOOD IS COMING TO CALIFORNIA

There is no doubt that technology and industry will continue to evolve in many forms. Many futuristic sectors are currently being developed. Initiatives such as the robotic and the internet of things are becoming more and more of a factor. 

 Another industry that is emerging very quickly is the 3D Printing industry. 3D printing is emerging in various aspects of society. It has become abundantly clear that 3D printing has become a part of the housing industry as well. 

 As hard as it is to believe, there is a desert in California set to become a neighborhood constructed entirely via 3D printing.

 In this piece, we are going to examine this fantastic occurrence in greater depth.

 The location of this potentially historic neighbor good will be the Coachella Valley. Thanks to a partnership between an organization specializing in sustainable real estate development and a construction technology firm, 5 acres of land will become a community of 15 3d-printed houses.

 The construction technology firm is named Mighty Buildings. Mighty Buildings considers this project as a realized fulfillment of its vision for the housing industry’s future. 

 Mighty Buildings is based in Oakland and specializes in creating homes with the use of 3d printers that are pretty sizable.

 The material used by the construction company is designed to harden instantaneously. Thus, roofing and insulation can be done in one seamless process. 

 Mighty Buildings can automate 4/5th of the home construction process while achieving cost savings in manpower. Their approach allows environmental waste to be significantly reduced.

 According to the company’s chief sustainability officer, Mighty Buildings can build a 350 square foot home in a day. 

 The 3D-printed homes will have a modern look. All homes will be 1450 square feet and will consist of three bedrooms and two bathrooms. Also, each home can have another 2 BR/1 BA residence on the premises. 

 Each home will have a pool in the backyard. Individuals can opt for amenities such as hot tubs and fire pits. 

 Prices for the primary 3 BR/2 BA 3d-printed home start at $595,000. If one opts for a two-home setup with enhancements, the price is $950,000.

3D PRINTED NEIGHBORHOOD IS COMING TO CALIFORNIA

OUTDOOR FEATURES TO ATTRACT HOMEBUYERS

According to a report by the Outdoor Industry Association, at least 13.6 million Americans perform outdoor activities such as camping, running and hiking. And although these leisure activities are fun, perhaps the simplest way to get outdoorsy is to chill in the backyard.

Many homebuyers appreciate the versatility of residential outdoor space. From entertainment to gathering with friends and family or just winding down after a long week, outdoor spaces have plenty of value to offer. Here are five outdoor features that attract homebuyers.

1. GOOD LANDSCAPING

Most real estate agents can agree that nothing attracts potential homebuyers quite like beautiful landscaping. Furthermore, landscaping costs are relatively low, so sellers can easily recoup 100% of their investment after a home sale.

Privacy-oriented landscaping, in particular, adds plenty of value to a home. Well-manicured hedges and trees planted reasonably close to a house can provide aesthetic value while adding a sense of privacy. According to the Council of Tree and Landscape Appraisers, a single mature tree can raise a home’s value by $1000-$10,000.

2. ENTERTAINMENT AREA

What is a backyard without a dedicated entertainment area? Thanks in part to the pandemic-induced lockdowns, indoor entertainment may have lost much of its appeal. Some of the entertainment features prospective homebuyers look for in an outdoor space include outdoor kitchens, grills, permanent seating and spacious decks.

3. SPACIOUS YARD

Outdoor playtime is not only essential for children but also family bonding. Homebuyers are increasingly expressing interest in homes with yards big enough to accommodate play structures such as slides and swings, basketball courts, sandboxes, miniature soccer fields and more. Homeowners appreciate the peace of mind that comes from knowing their children can play all they want within the confines of their backyard.

4. FIRE PIT

Outdoor fireplaces or fire pits are grand for reminiscing, keeping warm during chilly evenings and roasting marshmallows or hot dogs. Families that love camping will definitely appreciate the outdoor heating idea.

5. OUTDOOR LIGHTING

Outdoor lighting treads the thin line between a functional, must-have feature and a decorative element. Combining smart, solar-powered lights with motion sensors can make an outdoor space more inviting, all while acting as a security feature.

FINAL THOUGHTS

Homebuyers view the modern yard as an extension of the main home. The right yard additions can transform a home’s outdoor area into more than a living space and increase the offers made for the home significantly.

OUTDOOR FEATURES TO ATTRACT HOMEBUYERS

Tokenized Real Estate: The Future of the Market?

There are a number of issues in the real estate market at the moment that is making the housing industry more difficult for both buyers and sellers. It is even making it more complicated for investors! Many of the younger generations like the millennials and Gen Z are struggling to buy their first home. The prices are often inflated in a wide array of areas. Those who have survived the 2008 economic housing bubble that was caused by location-specific bubbles and poor lending practices are wary of entering the market. However, here are the top reasons why tokenized properties can improve the real estate market.

Top Issues that Cause Complexity in the Real Estate Market

There are a number of problems in the housing market including high costs in urban areas and complicated rental agreements. It has often limited accessibility and created more complexity for would-be home buyers. Creating asset tokenization, which is the process of turning blockchains into a liquid token can help reduce all of these problems. It sounds great in theory, but would it actually work?

The Basics of Asset Tokenization

For those who are not familiar with asset tokenization, it is the process of transforming a meaningful asset like an intangible (such as intellectual property) or physical asset (such as property) into a digital token. The tokens are treated like currency or stock shares. There are a number of different ways people create tokenization. There are just as many competing beliefs about how it can be accomplished in the most effective way. If it is applied to the real estate market, it allows homes to be sold in terms of shared equity instead of single units as they have been sold traditionally.

The Benefits of Real Estate Tokenization

Some of the benefits of tokenized real estate include accessibility, higher liquidity, and rental options. Tokenizing real estate makes them more accessible. For those who have never had the capital to invest in real estate, they would be able to invest in a small portion of a current property. For those who want to buy their first home, they would be able to purchase it with a smaller down payment as they gradually accumulate more shares of equity in the property.

Tokenized Real Estate: The Future of the Market?

REIT Dividends to Invest In

Due to current world events, it is hard to blame anyone for being leery about investing in real estate. While investing directly into units may be too risky at present time, there are still creative ways to put some skin in the game. Namely, there are several REIT stocks that have positioned themselves to handle the pandemic with aplomb. Here are just a few of the best REITs still churning out sizeable dividends in 2020.

1. WPC

This industrial REIT is known for keeping occupancy rates high during times of economic duress. Sure enough, W.P. Carey has managed to traverse the pandemic virtually unscathed. The key to this success is how they weed out bad tenants in the first place. Unless a company is built to withstand what the firm calls “distillations in the market,” they won’t be approved to rent anything owned by WPC.

The firm has been consistently raising dividend payouts for several years. At the time of writing, shareholders are poised to enjoy a 5.9% yield. It is also highly likely that the dividend will increase further before the next quarterly payments go through.

2. STOR

STORE capital has numerous commercial real estate holdings throughout the country. They have been able to maintain their 5.9% dividend throughout the pandemic due to their wise choice of retail partners. The firm has invested in essential chains that have seen consistent business despite guidelines urging people to stay inside.

STOR also enjoys a diverse portfolio that expands into 113 unique industries. This has no doubt been paramount in securing their stability in such a tumultuous market.

3. PLD

Prologis is yet another industrial REIT that keeps plugging along without any signs of slowing down. The company has enjoyed explosive dividend growth of 45% in just the last five years. The current price of the stock means that the dividend yield is just 2.3%, but each subsequent payout is likely to increase over time.

Conclusion

Investing in REITs is the best way to get real estate cash flow during these trying times. A stable REIT with a portfolio of essential businesses is the key to collecting steady dividend payouts for the foreseeable future.

REIT Dividends to Invest In

The Best Podcasts For Leaders, By Leaders

Whether you’re an aspiring leader, a new leader, or someone who has been a leader for a long time, there’s always something new to learn. One of the best ways to learn something new about a particular subject is by listening to the experts. This can be done by reading a book, watching a video, or one of the most popular methods – listening to a podcast. Podcasts have become extremely popular in recent years and hundreds of shows about different topics exist all over the Internet. Read on for some of the best podcasts for leaders, by leaders.

Coaching For Leaders – Dave Stachowiak

You’ve probably heard the phrase “leaders aren’t born, they’re made” many times. Well, it’s Coaching For Leaders main motto, and Dave Stachowiak is an expert on the subject. Dave gives real-world advice and features expert guests during each episode and the first episode of the month is always devoted to going through and answering questions sent in from his worldwide audience. To make it even better, Coaching For Leaders has an optional and free membership where Stachowiak gives out weekly leadership guides and additional information.

The LEADx Show – Kevin Kruse

Host Kevin Kruse is a New York Times best-selling author of the book Employee Engagement 2.0 and has a passion for sharing his knowledge on leadership with people all over the world. Every weekday, Kruse gets together with the top leadership experts and interviews them on how they’ve gotten to where they are and what they can share with the audience. Episodes typically end with the guest challenging listeners to improve their leadership skills by trying out a specific idea that was introduced that episode. If you’re looking for something with daily tips, this is the show for you.

The Nice Guys On Business – Doug Sandler

If you’re looking for a show featuring real-life stories, struggles, failures and successes, look no further than The Nice Guys On Business. Doug Sandler packs each episode with conversations about life and follows one simple rule: there are no rules. Sandler challenges his audience to get rid of the negativity in their lives and focus on the positives by having a pay-it-forward attitude and a focus on empathy.

The Best Podcasts For Leaders, By Leaders

Mistakes to Avoid to Be a Successful Leader

No leader is perfect, but there are some major mistakes to avoid in order to be successful. While mistakes can be used as great building blocks for better knowledge as a leader, there are some that are not worth making. To be a successful leader and boost your team’s productivity and performance, avoid these common mistakes:

Being a Know-It-All

When some managers or high-level employees are put into roles of leadership, it’s easy for them to think they know everything there is to know. A know-it-all leader is very dangerous and can lead to early failure. A leader should understand that there is no way for them to know everything there is about their industry, how to lead, or how to be successful. Every successful leader will know that there is always room for improvement and learning new knowledge.

Constantly Micromanaging

A leader is only as strong and successful as their team. In order to have a successfully performing team, it’s important for a leader to not fight for control over everything, Micromanaging a team is never the solution for boosting productivity or allow for growth. Successful leaders understand that everyone has their own unique skills and strengths, and allowing them to shine is imperative in business. By giving your team and employees more responsibility to work on their own, they’ll be much more successful.

Unable to Give or Recieve Feedback

As a leader, it’s important to grasp the concept that nobody is perfect. It’s important to give your team helpful feedback to help them perform better. It’s even more important to give positive feedback and give credit where credit is due. If an employee delivers a performance that is above and beyond, it’s imperative to recognize them for their hard work. Leaders should also be open to receiving feedback as well. If their team has questions, comments, or concerns, it’s their job to address each one seriously and diligently. 

By avoiding these mistakes, a leader is not only ensuring their success but their team’s as well. Success doesn’t happen overnight, but avoiding these mistakes can help you get their faster. 

Mistakes to Avoid to Be a Successful Leader

Three Books Every Real Estate Investor Should Read

With so much time, money, thought, and care that goes into real estate investing, it’s best to stay on top of the latest news. In order to do this, however, you need to have a solid foundation on just what it means to be a real estate investor, how to build wealth, and so much more. The books below are some of the best books of all time on the subject. If you’re just starting out or have been in the industry for decades, you will without a doubt find many useful and essential pieces of information to get you started and to keep you going at full force.

The Book on Rental Property Investing by Brandon Turner

This book goes into great depth about the basics of  real estate investing. Covering topics such as determining a good rental, buying property, finding reliable tenants, and common mistakes to avoid, this book covers every major aspect of the industry to set you up for success. Not only does the book give lots of useful information, it also provides actual strategy and tools to use to begin generating income from your rental properties. 

Retire Early with Real Estate by Chad Carson

Have you ever thought about retiring early? Most people have, but that requires a steady income over time which real estate can provide. This book provides step-by-step walkthroughs on how to achieve financial freedom through your investments in real estate. The book takes its guides a step further by providing multiple real-life scenarios and how those investors were able to accumulate enough wealth to retire early. 

Real Estate Investing Gone Bad by Phil Pustejovsky

This book is essentially a guide of exactly what not to do when investing in real estate. The book is comprised of 21 real-life stories about different mistakes investors made along the way and how to avoid them. Hindsight is always 20/20, so learning from another person’s mistakes can bring valuable knowledge to help prevent yourself from making the same ones. 

 

Three Books Every Real Estate Investor Should Read