Smart Investing in Residential Real Estate

Whether you’re in the market to find a residential real estate for occupancy or leasing, choosing the right location, property type, and home features can help make your purchase a profitable investment.

real estateA desirable real estate market is an area with high appreciation potential. Communities with stable or steadily rising home prices are safe bets for your money. Brisk local business and continuous development in and around the community means there are jobs to go around, encouraging residents to stay within the area and enticing new residents to settle down. These factors help drive demand and home prices up.

Besides looking at home price indices and unemployment data, home buyers are typically on the lookout for properties located in master planned communities that offer clubhouses, pools, nature areas, playgrounds, parks, hiking trails, and other amenities. Malls, retails shops, and high quality schools are definite add-ons, and so are historical sites, tourism spots, and fine beaches.

Some residential property types do well in certain places or areas, but may not be as popular in others. An investor should be shrewd enough to understand market needs and build a real estate investment portfolio based on market trends and requirements.

Below are the types of residential properties:

• Single-family Residences:

The most common property type, single-family residences are stand-alone structures that support only one dwelling or family. These are commonly the cheapest properties to purchase.

• Townhouses:

A type of single-family dwelling, townhouses, are typically two-storey houses that share side walls with an identical house and are usually terraced.

• Vacation Homes:

Otherwise known as second homes, holiday cottages, or holiday homes, vacation home are commonly located near beaches, ski resorts, or leisure areas and function as seasonal accommodation for the owner or rented out to other vacationers through an agency.

• Multi-unit properties:

Multi-unit properties are residential properties with two or more housing units contained in one building. They may also refer to a residential complex with several buildings.

• Modular Homes:

Modular homes are built off-site, usually in a controlled factory environment where they are prepared in sections. They are engineered and assembled based on state requirements and building regulations of the prospective location. After completion, they are delivered to the site and installed on permanent foundations by a professional installer.

• Manufactured Homes:

Otherwise known as tiny homes, trailer homes, or mobile homes, manufactured homes are pre-fabricated structures constructed on a permanently attached steel chassis which allow them to be moved.

• Condominium:

A condominium refers to the individual ownership of a specified part of a building and the right to use common areas and amenities which may include the lobby, pool, spa, or sports center. The rights are managed by the association of owners.

• Condotel:

A condotel is a building which is legally classified as a condominium but operates as a hotel. It can serve as a permanent or long-term residence, or may offer short-term occupancy. Condotels usually maintain a front desk or concierge.

• Investment Properties:

An investment property is a property which is not occupied by an owner. It is owned for the purpose of realizing profit either through rental or appreciation. Investment properties include single-family residences and multi-unit residential properties.

Financing options and interest rates vary with each type of residential estate. Single-family residences are the easiest to finance and carry lower interest rates while financing for condos usually have higher interest rate. Both modular homes and manufactured homes may be financed through personal loans.

Besides paying attention to location, home buyers typically look for features which make a property special, energy-efficient, and practical – things that add overall value to the investment.

Here are some of the home features that not only make life more comfortable but increase the property’s resale value as well:

1. Outdoor living spaces:

Home buyers hanker for outdoor living spaces, which includes having an outdoor fireplace.

2. Double car garage with storage area:

A double or triple-car garage gives ample storage space besides accommodating parking needs of couples or families.

3. Closets and storage spaces:

Lots of closets and storage spaces are great for keeping things organized. If your potential home has inadequate storage space, it should at least have some functional area that can be converted for storage purposes.

4. Natural Lighting:

Natural lighting that flows into the house is relaxing and stimulating, not to mention energy-saving.

5. Unobstructed view:

An unobstructed view of parks, bridge, skyline, river, and mountains can be uplifting and definitely does a lot to increase property value.

6. High ceiling:

High ceilings reaching to about 14 feet is a luxury that many home buyers wish they have if they can afford it.

7. Heavily insulated Windows:

Double-paned, heavily insulated windows protect against outside noise and bad weather conditions. They are also necessary for preventing heat and cooling loss.

8. Architectural design:

A house with sturdy, practical, and unique architectural design is more likely to last for decades and fetch high resale value. Intricate details, solid foundation, and high quality materials combined with great artistic design are qualities that will never go out of style.

9. Practical Layout:

Practical house layout allows residents to move with ease from indoor living areas to outdoor spaces and back.

10. Smooth interior layout:

The floor plan or the interior layout should allow for easy and natural flow from one indoor space to the next.

Whatever your investing needs are, do keep in mind that we have the widest range of Long Island properties and services to help you realize your dreams.

Author Bio:
We are your first and one stop shop for Long island real estate. Whether its residential, commercial, buy, rent or sell we can assist. We will pair you with the best agency and broker to help you meet your goals. Please click here to view more details.

Keeping Golf Putters in Shape

Everybody has something in their lives that means more to them than anything else. No matter what sport or hobby or industry you are involved with, there is always that something that you hold dear for whatever reason you may have. The same thing is true for golfers all around the globe. It does not take an avid golfer to want to take care of their golf putters and other golf clubs because it is an investment in every aspect of the game. Golf clubs are one of the reasons why golf is considered to be a luxury sport. A single set of iron clubs can go as high as $2,000.00 or more while a wood set costs about $1,700.00. A whole set of golf putters meanwhile can reach up to $2,500.00, depending on the brand, quality and type of the club.

This makes taking care of your golf clubs a lot easier, knowing their price. Now, if you want your clubs to last as long as it can, here are some of the things that you should always keep in mind to maximize the life span of your golf clubs.

1.Golf clubs are not used for battering people:

Actually, do not use anything for battering people. More to the point, golfers often forget this simple instruction. When people get frustrating and situations get out of control, all sense of sanity tends to float way above our heads and we grab the nearest, baddest object and swing it blindly. Here is a simple tip that you can do to prevent this blatant swaying: place a label in your golf clubs with its corresponding price.

2.Do a regular inspection in your golf putters:

Golf PuttersYou can begin by looking for wear and tears in the handle of your clubs. Golf clubs usually give in at the thumb rest. The grips could also lose their friction in time, and it is important that you check on them after every month or so. You probably do not want to head to golf courses with a slippery club. Look at your golf club’s shafts and inspect any crease, rusts or bent places. If you are using a real wooden club, you might want to look for cracks and openings that might damage your club permanently. If any of these problems are showing, take them to your nearest golf repairers and they know exactly what to do.

3.Clean your clubs regularly:

This is a principle our parents, grandparents and ancestors are using when taking care of something that holds personal value. Not only does it keep the dirt away, but it also helps things stay at its top shape. Clean your clubs using lukewarm water, though tap water is also fine, and brush them gently. Be careful not to scratch any part of your golf club. Scrub off any grease that might have formed until they are not visible anymore. Dry your clubs using dry towels and rub it until it isn’t wet. When your club has completely dried, you can polish it with chrome polish to give it that brand new look. Also, it would be helpful to do a routine clean-up after every game.

4.Store your golf clubs indoor:

The risk of physical damage outdoors is significantly higher. Not only because of accidents but the environment itself can cause unwanted issues. The outdoors can get very hot and would mess with the grip. For golfers who use ‘wooden’ wood clubs, a head cover would do much to extend the lifespan of your club. For golf putters, having a head cover is not really important but it does not hurt to be extra cautious regarding these things.