Real Estate North Palm Beach: Best Pre-Sale Fix-Ups

BSR1202We’ve talked on this blog before about how important it can be to differentiate your home from everything else in the market; when potential buyers are looking at homes for sale North Palm Beach properties all have a lot to offer. And while there are a lot of methods to making yours stand out from the crowd, perhaps the best tack to take is focusing on simple improvements that make the biggest impact.

If you’re looking for the best bang for your buck in terms of indoor fixes, nothing beats paint. Time takes its toll on even the best interior paint job, and especially in areas around the kitchen there’s a tendency for paint to appear lackluster after even a few years. A professional painter who knows their stuff is worth the price — they can advise not only on the best values in neutral colors that are universally appealing to buyers, but also help with minor cracks that may have developed over time.

We also advise our clients that while kitchen remodels are fun and return most of the money invested, bathroom remodels almost always return 100% and can have a big impact on potential buyers. Kitchen trends may come and go, but an out-of-date bathroom never seems to come back around; replacing aging fixtures, installing new and brighter lights and refinishing (or completely re-doing) the floor will pay off.

Finally, while we’re on the topic of floors, don’t be afraid to consider replacing the flooring throughout your home; wide-open spaces truly pop when they’re covered with new material, whether it’s carpet, hardwood or tile. When you’re ready to sell (or buy), you’re ready for the realtor North Palm Beach homeowners recommend most to their friends and family; contact us today!

Juno Beach Real Estate Tip: Tax Advantages To Vacation Homes

BSR1201When potential buyers start looking at vacation homes for sale Juno Beach naturally pops up as a popular destination for them. As far as varied offerings in real estate Juno Beach is hard to match — there’s literally something for everyone in this small-town-feeling community, from the smallest townhomes to luxury estates. But when it comes to vacation property, the usual methodology doesn’t take into account the possible tax advantages to owning a second home.

The key to taking advantage of them is to be sure your second home isn’t just a vacation home for you along — you need to rent the property out. Surprisingly, there are a number of tax deductions that are just for landlords, and if your vacation home is primarily set up as a rental property, you can take advantage of them too.

Tax deductions for rental property include interest on mortgages taken out both to purchase and to improve the property for rental — and that deduction also includes interest that accumulates on credit cards as a result of paying for goods or services needed for the rental process.

Depreciation of a rental property is also tax-deductable; essentially this means a portion of the purchase price of the property is deducted every year for several years until the full cost is met.

Landlords can also deduct the cost of any standard repairs needed to keep the property up to par for potential renters; they can also deduct the cost of travel to and from the property when specifically done for the sake of the rental activity.

Other deductions include the cost of various kinds of insurance, and even the cost of legal and professional services needed — on which note we’ll advise you to consult a tax professional before you file for any of these deductions.

Real Estate North Palm Beach: Inspections Are Key

NorthPalmBeachLooking for a homes for sale in North Palm Beach is exciting; it’s a fantastic area with a great market, and plenty of opportunity to find the perfect home. Indeed, even looking at North Palm Beach homes for rent is fun, and for many of the same reasons.

But unless you buy and sell real estate for a living — and often, even if you do — there are a lot of things you can miss when you’re checking out real estate. North Palm Beach is a fantastic place to wind up buying property, but a professional home inspection can make the difference between a home you’ll love forever and an investment you’ll regret.

Any real estate investment represents a lot of money changing hands; indeed for most people, the purchase of their home will be the largest single investment they ever make. This is why it’s so critical to make sure you’re covering all the bases, and why the cost of a professional home inspection is so worth it. Most professional inspections, even those that cover every aspect of the home from the foundation to the roof and everything in between, cost just a few hundred dollars. The peace of mind that brings, plus the potential to avoid costly problems later, is well worth the money.

A home inspection contingency in your real estate contract is a great way to ensure your North Palm Beach home investment won’t get off the ground without knowing the home is everything it’s represented to be. Your real estate professional can help you design a purchase agreement that hinges upon a successful inspection that uncovers no significant issues that might bite you down the road; and they can likely help you find a professional inspector that has experience with the North Palm Beach area.