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Real Estate
Real Estate

When renting can be a smart decision

<strong>When renting can be a smart decision</strong>
Metro ServiceDecide whether or not renting is the best option for your next living situation. ■ Metro Service / Contributed Conventional wisdom suggests buying a home makes more financial sense than renting. In many cases, this is true. However, renting is sometimes a smarter approach than buying. As with any financial decision, all of the options and circumstances need to be weighed before jumping in. Making a major purchase requires doing your homework. The following are some reasons why renting can be more beneficial than buying. You are young. The National Association of Realtors says the typical first-time home buyer is 31-years-old. People who are younger than that and uncertain about (more…)
Real Estate

Lennar Conestoga community opens to presales

<strong>Lennar Conestoga community opens to presales</strong>
Affordable master planned development in Winchester has modern amenities Lennar Corp.The Salt Creek collection of homes at Conestoga, a master planned community in Winchester, ranges in size from 1,611 to 2,021 square feet. ■ Chronicle Real Estate Staff The Lennar Corp. has announced that presales of its master planned community, Conestoga, are taking place now at its welcome center on Domenigoni Parkway in Winchester. “We are so excited about this upcoming community which provides home shoppers with an affordable opportunity to purchase a brand new home in an incredible community,” said Tara Conklin, vice president of sales and marketing for Lennar Inland. “With two Lennar collections to choose from, these homes (more…)
Real Estate

How to save enough for a down payment on a house

<strong>How to save enough for a down payment on a house</strong>
Metro ServiceBuyers need to stay disciplined in regards to saving and make sound financial decisions. ■ Metro Service / Contributed A home is the most costly thing many people will ever buy. The process of buying a home can be both exciting and nerve-wracking. One way to make the process of buying a home go more smoothly is to save enough money to put down a substantial down payment. Saving for a down payment on a home is similar to saving for other items, only on a far grander scale. Many financial planners and real estate professionals recommend prospective home buyers put down no less than 20 percent of the total (more…)
Real Estate

4 tips to help you rent out your space like a pro

<strong>4 tips to help you rent out your space like a pro</strong>
Metro ServiceDecide whether renting out your home is right for you and your family. ■ StatePoint Media / Contributed From city apartments to beach houses, vacation home rental sites like Airbnb, VRBO, and others have become popular among homeowners and travelers alike. Renting your entire house or even just one room, especially if there’s a big event coming to your town, can be a wonderful way to earn extra income, but it can also expose you to unexpected and potentially costly risks. Before you start seeing dollar signs, learn how to rent your home like a pro. List through a vacation rental site: Posting an ad is free on some sites (more…)
Real Estate

What homeowners should know about ADUs

<strong>What homeowners should know about ADUs</strong>
Courtesy of Joyce MillerJoyce Miller. ■ By Joyce Miller / Contributed State legislation that took effect January 1, 2017 gave California cities more flexibility and latitude for allowing homeowners to build Accessory Dwelling Units (ADUs). Last year, the number of building permits for accessory-dwelling units jumped by 63 percent, according to Attom Data Solutions, an Irvine-based real estate data company. Overview An Accessory Dwelling Unit (ADU) is defined as a residential dwelling unit that provides complete independent living facilities for one or more persons, including sleeping, cooking, and sanitation. ADUs can be detached (a separate building in a backyard), attached to or part of the primary residence, or a garage conversion. (more…)
Real Estate

How to employ staging to impress buyers

<strong>How to employ staging to impress buyers</strong>
Professionally designing your home entices prospects Metro ServiceThere are many ways to sell your home, but the most important is how well your home looks for open house. ■ Metro Service / Contributed Homeowners must consider a variety of factors when putting their homes on the market. One of the more important things to remember is the benefits of making a strong first impression on prospective buyers. That’s why many homeowners rely on staging when selling their homes. Staging requires more than just clearing out clutter or baking a batch of cookies to create a welcoming aroma. Staging helps potential buyers visualize the potential of a home and see themselves owning (more…)
Real Estate

How to sell a home quickly ‘Part II’

<strong>How to sell a home quickly ‘Part II’</strong>
Courtesy of Joyce MillerJoyce Miller. ■ By Joyce Miller / Contributed Editor’s Note: This is the second in a two-part series on how to prepare your home for sale. See last week’s issue for Part 1. Step 7: Address natural hazards. Any natural hazards must be reported to the buyer in the form of a Natural Hazard Disclosure Statement (NHDS). This includes the presence of danger from earthquake faults/seismic hazards, special flood hazard areas designated by FEMA, a designated very high fire hazard severity zone, a designated wildland area that could contain substantial forest fire risks. You can order the necessary forms from the Internet. You or your Realtor can also (more…)
Real Estate

Home improvement projects for your fall to-do list

<strong>Home improvement projects for your fall to-do list</strong>
Metro ServiceAutumn is a great time to inspect patios that might have endured some wear and tear during the heavy usage seasons of spring and summer. ■ Metro Service / Contributed Homeowners know that maintaining a home can be a year-round job. No home is immune to wear and tear, and homeowners who want to protect their real estate investments should try to stay two steps ahead to ensure their homes do not succumb to the elements or become outdated and unappealing to prospective buyers. Fall has become a season that’s synonymous with home improvement, but homeowners need not wait until the leaves begin changing colors to start planning their next (more…)
Real Estate

How to sell a home quickly

<strong>How to sell a home quickly</strong>
Regardless of why, there are times when you need to quickly liquidate your investment in real property Courtesy of Joyce MillerJoyce Miller. ■ By Joyce Miller / Contributed We’ve all found ourselves looking at a situation where we had to sell an asset quickly. When it comes to a home, there are 12 basic steps that you can take to ensure that you find a buyer quickly. We’ll treat six of them in this article and refer to Part 2 of this piece next week to discuss the second group. A couple of scenarios come to mind. First, there is a parent or other family member that reaches the point where (more…)
Real Estate

Owning a Home, the Easy Way Part II

<strong>Owning a Home, the Easy Way Part II</strong>
Realizing the American Dream Metro ServiceBuying a house is a big step, so you should consider the option that best suits your possibilities. ■ Anthony G. Moya / Contributed There are many aspects to consider when it comes to being prepared to undertake the financial responsibility of owning a home and, in particular, when buying a home for the first time. Therefore, this can act as a guide presenting what is most important when buying a home. Is it good credit, income, or job stability that is important? Well, they all are. Here are some specifics on what important items and their relationship to qualifying for a mortgage loan are. Debt-driven (more…)