Showing posts with label For Sale by Owner. Show all posts
Showing posts with label For Sale by Owner. Show all posts

Tuesday, February 28, 2017

The Dangers of Seniors Living Alone

The results of a decades long study from the University College London on the impact of loneliness and isolation has shown that both loneliness and infrequent contact with friends and family can, independently, shorten a person’s life. Learn more about the dangers of seniors living alone.

The Dangers of More Seniors Living Alone

According to AARP, nearly 90% of people over age 65 want to stay at home for as long as possible. Living at home and staying in a familiar community may offer benefits to seniors’ emotional well-being — but research indicates that a staggering number of seniors who should be receiving assisted living care are still living at home — in many cases, alone.
To some of us, the answer may seem obvious: make the move to an assisted living community where social activity, health monitoring and medication management is all included. However, moving to senior living can be a difficult decision, particularly if your loved one is not keen on moving. For more information, read our guide to assisted living vs. in-home care.
The Administration on Aging reports that about 29%, or 11.3 million older adults lived alone in 2010. At the same time, it’s estimated that over 12% of seniors 65 and older — more than 5 million — need assistance with long-term care to perform activities of daily life.
Those seniors who are low-income or live in poverty are even more likely to live at home rather than in a facility, even if they require more care. The numbers for individuals with Alzheimer’s or dementia are, quite frankly, startling: of the 60-70% of seniors with dementia living in the community, 25% live alone, reports the Alzheimer’s Association.

When Living Alone is Unsafe

If we want our loved ones to remain safe and healthy, it’s important to make sure their environment is appropriate to their physical needs—particularly if they’re showing early signs of cognitive impairment.
If you notice that your loved one needs help with daily activities such as eating, bathing and dressing, they may have decreased cognitive functioning associated with early or middle stage dementia. Even in their own home, the combination of poor eyesight and minor safety hazards can put seniors at risk for falls, broken hips and even death.
Keeping track of physical symptoms, mental health, and senior nutrition is of critical importance. Warning signs that living alone is no longer safe for an older adult include:
  • Medication management issues
  • Poor eyesight
  • Social isolation
  • Forgetting appointments
  • Unable to keep up with daily chores and housekeeping
  • Poor nutrition or malnutrition
  • Home safety hazards such as poor lighting and loose carpeting
  • Unable to pay bills on time

Monday, February 20, 2017

The Chip & Joanna House Flip! What Buyers are looking for in Today's Market!!

If you are like the majority of Americans who love to indulge & watch HG-TV with Chip & Joanna Gaines, made popular from their famous Fixer Upper Tv show, and you have dreamed of owning one of their homes then you will know what style of home we are referring to! 
www.sarahbostonhomes.com

In today's market for a Seller you have to be above the edge if you expect to get the highest priced home in your neighborhood. First realize is your home or neighborhood what most first time home buyers are looking for? If you are unsure I will tell you, as I help first time home buyers daily and can tell you exactly what they are truly looking for in your home! They want to fall in love from the second they enter your home. If they don't have that moment, the rest of the home is just blah to them and they are thinking about the other 8 homes they are going to see today or another day! 

#1. First time home buyers under the age of 40 are looking for: Stainless steel appliances, newer roof, newer AC Furnace within the last 7 years, grey modern colored walls ( not always the case but often) white trim, granite or granite looking countertops, cabinet color varies, hardwood floors definitely are the largest selling points for most buyers. Again this is not everyone but the majority in that age range that is what they are looking for! 
#2. First time home buyers want Location, Location, Location, often they are not thinking too far ahead into children's schools if they do not have any. They want a good location as far as interests, work distance, biking trails, dog parks etc. 
#3. What are the items in the home that need to be redone, most first time home buyers do not want a large project, more decor, painting, items, carpet doesn't scare them but the rest of the home needs to not have too much work ie. foundation is a no go. Most first time home buyers will shy away from any foundation work that needs to be completed, even if it is minor, so as a seller to get the most for your homes value on the market often you will want to partner with a realtor to get someone trusted who does insure their work and will get it done at an affordable rate for you. Do not.. I repeat do not ..start calling the yellow pages, it often does not get you the best results or best service!
#4. What does your home look like from the outside? Does it look like this? 

or This? 
The condition of the exterior of your home landscaping can reduce your sale price by 10% at least! So clean up the yard, plant bright colored flowers and just make sure it looks sellable! Again Contact your local agent and they can be your second pair of eyes to let you know what will look best! 

Contact Homes by The Sarah Boston Home Team 
913.424.0427 
www.sarahbostonhomes.com Ask for a FREE Estimate on what your home will sell for in today's Market! 

Monday, January 23, 2017

Flip This House! Income and Investment Properties! Act Now!

Real Estate Advisor: February 2017

The Realities of Income Properties

Many homeowners consider investing in an income or rental property as a means for extra income. Many real estate markets throughout the U.S. have seen tons of growth in recent years, with rental properties highly sought-after in some popular markets. Generally, real estate is a solid investment in terms of ROI (return on investment) over the long term. While a rental property might seem like a sure thing for extra income, there are advantages as well as disadvantages to income properties. If you've been toying with the idea of investing in another property, consider some of the points below before making your final decision.

Advantages of Rental/Income Properties

Direct Income Stream

One major advantage of an income property is a direct income stream. Monthly rent checks go directly to you, which based on whether or not the property has a mortgage, go directly into your business account. Should the property be continually rented throughout the year, the monthly payments will add up to a pretty sizeable sum by the end of the year, which is extra income in your pocket. Even if the property has a mortgage, the difference between the mortgage payment and rent check will undoubtedly be a positive addition to your account.

Property Value Increases

One of the biggest draws for real estate is the expected property value increase over the long term. In a good real estate market, a property should increase in value a specific percentage in accordance with the market. If you're able to purchase a property while the market is down, the long term return on investment (ROI) could be quite significant if you plan on keeping the property for some time. If you live in a popular market, the value increase could be significant in only a couple years, and if you have a mortgage on the property, you will be able to leverage your ROI even more since the property value increase is based on the total value of the property and your initial investment may have been a small percentage.

Sweat Equity

As you maintain and upgrade the property, you'll likely recoup some of the costs you've put into it. Regular maintenance (things like exterior painting, new siding, upgrading a roof, landscaping, etc.) help to increase the overall value of the property. Pair sweat equity with a property value increase, and the overall value of your investment property should grow over the years, garnering you more money in the long run.

Tax Deductions

As a property owner, tax deductions are always a good thing. When it comes to rental property, tax deductions are a for sure thing. With the current guidelines, property owners have the ability to write-off interest on the mortgage or credit card used to make purchases for the income property. Things that can also be written off: insurance, any maintenance repairs, expenses for travel to and from the property, any legal or professional fees, and of course the property taxes.

Disadvantages of Rental/Income Properties

Risk of Asset Concentration

For many of those interested in a rental or income property, the ability to purchase the property outright is not a reality. Many owners will need to have a mortgage on the property; and for those able to buy in cash, the amount needed will likely eat into the majority of a person's total net worth. Because of the huge concentration of assets in one item, there is a potential to see no return on the initial investment, especially if the real estate market as a whole takes a drastic turn or the economy goes into a recession. If you're looking at an investment property as a financial investment, having the majority of your assets concentrated in one item is not advised and a poor investment scheme. Also, real estate requires a sufficient amount of funds on the side to handle any periods of time when you, as a property owner, need cash.

Tenant Issues

The only way to make money off a rental or income property is to have tenants. While the Internet provides a number of ways to find tenants, as a property owner you want your tenants to be responsible (pay the bills on time, take care of the property, and be long-term renters). Finding the right tenant can be a process: from running advertisements to credit and background checks, the tenant process can take some time and can cost a property owner a considerable amount in a short time. Should the tenants end up being a nightmare, you'll see additional costs to fix any wear and tear.

Taxes, Fees, Insurance

Regardless of whether or not the property is rented, as the owner you'll have regular payments for property taxes, home insurance, HOA fees, and regular upkeep. Property insurance on rental properties can be higher than non-rentals, and overall taxes, fees and insurance eat into the overall income generated by the property. You are able to write some things off on your taxes, but that only happens once a year, not every month.

Being Involved

One of the biggest parts of owning an income property is maintenance. Maintaining the property is a challenge, especially when it has to be done regularly. From major appliances to structural components like the roof or the driveway, the property owner maintains and covers the cost. If you have tenants that don't like fixing things, it's likely you will be called when something goes wrong - from a clogged toilet or sink to leaking appliances or major property damage. Not only does maintenance take time, it also takes money.
Owning an income or rental property has its advantages and disadvantages. It's important, as a potential investor, to know the real estate market you're looking to invest in. You should take your time to thoroughly consider your financial resources, the real estate market and economy as a whole, and all the pluses and minuses of owning a rental home before you take the plunge.

For More Information Contact Homes by Sarah Boston 
913-424-0427 WWW.SARAHBOSTONHOMES.COM 

Monday, January 16, 2017

Expert Tips on Interior Painting Before Putting Your Home on the Market! Sell it Now!

Expert Tips For Painting Your Home To Sell



1. Choose your paint last. When you choose paint first, you limit your options for everything else. Choose everything from throw pillows to window treatments before you choose your paint color. Then, match the paint to complement the room and all the features.

2. Use only one swatch at a time. Most of us have been taught that painting multiple swatches on the wall is the best way to compare and choose paint color. Not so, says the painting experts. Using one swatch at a time will give you a better feel for how every color will work in the space.

3. Be mindful of your lighting- Paint will look different on your walls than it will in the store. And it will also change with the light throughout the day. Always test two-coat swatches on the walls of the room you intend to paint. This way, you’ll see exactly how different colors perform in different lighting. Also leave these swatches up for a couple of days before deciding, that way you are sure you love the way it looks in different lighting etc.

4. Consider your ceiling the 5th wall-  Stark white ceilings can be disruptive, especially against darker walls. To create a more integrated look, the experts suggest, taking lighter colors all the way up through the ceiling and trim. For ceilings against darker walls, they say, going a few shades lighter on the color card can yield outstanding results.

5. Use a higher-quality paint and application products- Always use a high-quality paint and application products. You can choose the most beautiful color there is, but it simply won’t look good if you don’t invest a little extra in higher-quality materials.
Any questions with the Best Ideas to List Your Home Contact Homes by Sarah 
913-424-0427 
www.sarahbostonhomes.com 

Friday, October 28, 2016

Trends in Your Home Help Sellers get The Most Money & Fast Closing!! Act Now!!


You don’t have to be an interior designer to introduce this swooning-worthy décor to your home you just have to find the inspiration!! Use these awe-inspiring ideas to give your home the stylish update it deserves.


1. Wowing White Kitchens
White opens up small spaces, beautifies larger kitchen layouts and shows off stunning design elements. Attention-grabbing backsplashes, stunning sink fixtures and dark countertops pop nicely against the backdrop of a white kitchen.

2. Beautifying Barn Doors
Barn doors serve as high-end focal points and handy solutions for wide openings and hard-to-style spaces like bathrooms, pantries and dining room entryways. You can install glass and stainless steel models to match modern décor, dark wood and wrought iron for a rustic flair or plain cedar slats to establish a neutral aesthetic.

3. Room-Transforming Tray Ceilings
Tray ceilings feature a center section that is raised several inches higher than the perimeter of the room. You can paint the heightened portion of your ceiling a room-complementing color to deepen the look of your space. Or you can use reclaimed wood or other materials to highlight your raised ceiling. Introduce lighting accents to your tray ceiling by adding a chandelier or pendant lighting.

4. Simple-but-Stunning Subway Tiles
Subway tiles are the building blocks for many stylish kitchens and bathrooms. You can lay your subway tile in patterns, purchase fun-colored tiles to highlight designs or go with the always-in-style white tile look. Subway tiles also function as more than an accent. Tile-covered kitchen walls reduce cleanup time, expand your space and give your kitchen texture.


5. Radiant Reclaimed Wood
You can use reclaimed wood for a variety of design solutions. Accents walls, coffee tables and shelving units are popular destinations for reclaimed wood. Distressed lumber is also perfect for larger design projects like new flooring, ceiling refurbishments and staircase updates.


6. Walk-In Showers
A walk-in shower will add to the aesthetics and functionality of your bathroom. Curbless walk-ins offer safe entry and exit and lend themselves to modern designs. In fact, many safety- and style-conscious homeowners are replacing their tubs with walk-in designs. Also, benches, handrails and other comfort-related features are easy to include in walk-in showers.

7. Upscale Undermount Sinks
Undermount sinks’ unbroken lines give your kitchen and counter tops a sleek, modern look. You can choose from a variety of materials and styles to ensure that your undermount sink increases the functionality of your kitchen and matches the décor. Undermounted designs also eliminate crumbs and food residue from building up around the edges of your sink which helps in maintaining a clean kitchen.

8. Haute Hardwood Floors
Recent trends like grayed hardwood, reclaimed lumber and wide-plank designs are popular alternatives to conventional wood flooring. These new hardwood looks serve as breath-taking focal points and picture-perfect complements to your existing décor. Match these hardwood trends to any design style — from mid-century to eclectic — for a beautiful update to your flooring.