My Real Estate Tips

Back in the day, it used to be that the homeowner or the landlord made all of the rules.  Nowadays, with people constantly trying to gain new commitments and tenants, it is the tenants that actually make the rules nowadays.  This is where you as a landlord really need to take some charge and certainly make sure that you give potential renters some concessions.

Concessions are keeping a lot of business afloat and if you are looking to draw up some new contracts for renters, you are going to have to come up with some concessions.

Now, concessions could be anything from your cancellation policy and being lenient on that or simply adding in some short term fixes that might save your tenants some money.  You could also reduce your rent or match some of your competitor’s rental properties.

There are a number of things you need to consider when you are ready to make a move or sell your home. There are a number of factors which can make the value of real estate either rise or fall, and it is vital that you understand these.

For example, you have to understand that some real estate markets are driven by jobs, with buyers making the decision to move to an area depending on how close it is to where they work.

You also have to realize that a lot of markets are completely unbalanced and uneven. There are many different price ranges in the same area, and they depend in large part on supply and demand.

Neighborhoods make a huge different as well. White collar neighborhoods will typically see houses with higher value. Middle class and upper class neighborhoods will have much, much higher values.

One of the major selling points that real estate agents have in their back pockets whenever they are selling a condo is the wireless internet.  Many condos nowadays, if you did not know are coming with free Wi-Fi and for most laptop users, which is a very appealing option.  Companies like Hospitality Wi-Fi, WiFiFee and Meraki are just a few of the handful of up and coming companies that are making wireless available in all sorts of condos and the condo landlords are picking up the tab in most cases.

The only bad part about this tradeoff is it is actually a tradeoff … while you might get internet for free, the rent is most likely going to be higher, so that is where the fee is going to be taken from and also who knows how the internet connection is going to be?  Personally, I have wireless in my home and sometimes it goes out … is that going to happen all of the time with the free internet?

Those are some of the questions that you need to consider whenever you are dealing with free internet.

If there is one thing that I know, it is going to be swimming pools.  Whenever you are selling a home that has a swimming pool, you really need to make sure that you understand how much value they add to the home and really use it as a selling point.  A lot of buyers will actually base their decision to buy a home on whether or not it has a swimming pool and to be honest; I would love to purchase a house that has a swimming pool.  Something about the crystal clear water and the fact that you can have a swim party makes the house seem that much greater.

Another cool selling point is going to be that it really can make the backyard seem pretty cool – meaning the landscaping can tie right into the swimming pool like in this picture.  You can add flowers, walkways, ponds – everything can tie right into the landscape around the swimming pool.

So potential sellers, if your home has a pool – you are most likely going to sell it a lot faster than homes without a pool … keep that in mind!

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