So, you own a home that isn’t selling, or something else is keeping you from selling it, but you still want to add some extra money to your budget. Renting out is a reasonable option many homeowners who won’t or can’t sell choose. Although renting out your home or a part of your home is a relatively easy way to earn extra cash, not everyone is capable of doing so. There are several things you should take into consideration before putting your home on the market as a rental property.
With back-to-school season upon us, we’re putting together some fun staycation guides for you and your loved ones so you can enjoy some fun and relaxation in your hometown without needing to plan an entire vacation. Here are some ideas for what to see, do and eat in Kansas City for the perfect local staycation.
In a recent report, Freddie Mac compared the homeownership rates of two groups of seniors: the Good Times Cohort (born from 1931-1941) and the previous generations (born in the 1930s). The data shows an increase in the homeownership rate for the Good Times Cohort because seniors are now aging in place, living longer, and maintaining a high quality of life into their later years.
This, however, does not mean all seniors are staying in place. Some are actively buying and selling homes. In the 2019 Home Buyers and Sellers Generational Trends Report, the National Association of Realtors® (NAR) showed the percentage of seniors buying and selling:
Highlights from NAR’s report:
Buyers ages 54 to 63 had higher median household incomes and were more likely to be married couples.
12% of buyers ages 54 to 63 are first-time homebuyers, 5% (64 to 72), and 4% (73 to 93).
Buyers ages 54 to 63 purchased because of an interest in being closer to friends and families, job relocation, and the desire to own a home of their own.
Sellers 54 years and older often downsized and purchased a smaller, less expensive home than the one they sold.
Sellers ages 64 to 72 lived in their homes for 21 years or more.
Bottom Line
According to NAR’s report, 58% of buyers ages 64 to 72 said they need help from an agent to find the right home. The transition from a current home to a new one is significant to undertake, especially for anyone who has lived in the same house for many years. If you’re a senior thinking about buying or selling a home, call Team Nest Builder’s Lynn Garafola today to help you make the move as smoothly as possible.
Originally published on tapinto.net. by Lynn Garafola.
Selling your home is a huge decision and there is a lot to consider and prepare before and during the process. It is important to know what is involved and what it will mean for you. Realty Executives are experts in the home selling process. Use this exclusive Home Seller’s Guide to help walk you through the process from start to finish in preparation for selling your home.
Buying a home can be a fantastic investment, but it also comes with its fair share of responsibilities, obligations, and financial strains, especially if you’re considering purchasing a home with someone else. While it’s very common for married couples to purchase homes jointly, it’s also not uncommon for people to purchase homes with those they aren’t married to, though this does have pros and cons. Here are some helpful questions to ask yourself when considering buying a home with a significant other, friend, or relative.
We’re halfway through 2019, but it’s never too late to start working toward sustainable living. One easy way to live a more eco-friendly lifestyle is to purchase from brands whose goal is to create ethically and sustainably made products. If you’re in the market for some new home decor, here are our top picks for the best sustainable home decor brands to check out this year.
Realty Executives Local Group Inc. Brokerage is excited to announce it held its grand opening of the new office and investment in North Bay, Ontario. Previously on Lakeshore Drive, the successful franchise decided to relocate after an amazing opportunity presented itself to purchase a historic building in the core of downtown North Bay.
The grand opening event featured live music by North Bay symphony members, tasty food and drinks from local restaurants and honorary guests such as Anthony Rota, Member of Parliament for Nipissing -Timiskaming, Councilman Marcus Tignanelli and President of Realty Executives Regional Ontario, Scott Gilmour. The event was attended by current and past clients, family, friends and community members.
The Great Lakes are a great place to visit and
an even better place to live. From affordable housing to outdoor activities and
excellent school districts, the Great Lakes region of the U.S. offers so much
that there is no reason not to consider these states when looking to purchase a
home. Here’s what makes the Great Lakes so special (and why you should move
there, too).
Feeling safe in your home is always the number one priority. Whether you are preparing to be on vacation, don’t want to worry while your out of the home or just want to deter visitors from snooping through personal belongings, there are plenty of easy ways to secure your home for when you aren’t around. Check out these tips below and let the worry disappear.
No matter what type of rental property you’re dealing with, what most investors are looking for is a way to maximize the rent and to keep the tenants as long as possible. To achieve that, you need to put more time and effort into home improvements than before. In other words, a fresh coat of paint on the walls and a clean carpet just won’t cut it. You need to put some thought into rental property upgrades that won’t cost you a fortune but will raise the value of your property and pay off in the long run. Here are some useful ideas on how to improve your property value and get the best return on your investment.
