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 Kitchen trends may come and go, but an out-of-date bathroom never seems to come back around; replacing aging fixtures, installing new and brighter lights and refinishing (or completely re-doing) the floor will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.

“Secrets” To Selling Real Estate, West Palm Beach

West-Palm-beach-aerial-photYou’ve taken the plunge, and decided to add your home to our ever-changing list of West Palm Beach homes for sale — congratulations! Finding a good real estate team is the first and most important step on your journey to sell real estate. West Palm Beach has its own unique market; we’ve seen a lot of houses move quickly and a lot sit for a long time. Here are a couple of our “secret” tricks to help you put your best foot forward and make your property stand out among homes for sale in West Palm Beach.

Follow your nose.

We joke that the way to a buyer’s heart it through their stomach, and we’re not above putting out a dish of small chocolates next to our business cards for potential buyers to salve their sweet tooth. But you can be even more subtle: before a showing is a great time to bake cookies! The smell of freshly baked cookies puts a smile on anyone’s face, and will help your home be remembered. Secret #2,433: a few drops of vanilla extract in a cup of water gently boiled on the stove has the same effect, with fewer calories.

Let there be light!

Your home has never been tidier, your walls never cleaner, your windows never more sparkling: time to show it all off by turning on lights, opening all the doors and throwing open the blinds and curtains to let all the light in!

Put Away The Trophies.

Homebuyers want to imagine themselves living in their new home, not your old one. This means any memorabilia you’ve been keeping around needs to go into a box or closet before the showing — let your potential buyer imagine building their own memories!

Palm Beach Gardens Florida Real Estate: Should You Stop Renting and Buy?

PalmBeachGardensRealEstateWe’ve helped a lot of people find homes for sale in Palm Beach Gardens over the years, and we’re seeing an increasing number of buyers come to us who have, for whatever reason, most recently been home renters, not home owners. Whether it was because of a hectic job that kept them on the move, changes in their financial picture that made renting more affordable, or simply a lifestyle choice that has gradually become less attractive, a lot of our buyers have been out of the home ownership game for a long time.

What this means is that they might have forgotten what it means to live in a home that you own, rather than in one of the many Palm Beach Gardens homes for rent; with prices at reasonable levels and the picture of a sensibly-sized mortgage payment in their minds, many buyers are looking at the potential to actually save money by owning Palm Beach Gardens Florida real estate.

But it’s important to take the time to chart out your future expenses accurately; remember, even if the mortgage payment seems like a better deal than rent, you may find yourself covering more of the “fixed” expenses involved with the property than you ever did as a tenant. You might think utility use wouldn’t change between renting a home and owning one, but if you’ve been used to a landlord who covered such expenses within the price of rent, you might be in for a rude awakening. Homeowner’s insurance is a must, and typically is more expensive than renter’s insurance. And of course taxes on the property should be considered as part of your monthly expenses.

However, unlike rent, your mortgage is going toward building equity in your home, and can be considered a great investment in your future. For more information about Palm Beach Gardens Florida real estate and our collection of homes for sale in Palm Beach Gardens, contact us today!

Digital Detective: Learning More about Jupiter Florida Real Estate

jupiter-real-estateWhether you’re looking at a home for sale in Jupiter, or are checking out Jupiter Florida homes for rent, there’s no such thing as too much information. And while there’s a lot to be said for hitting the pavement and walking around a neighborhood, there are a lot of ways to find out a lot about a neighborhood without even setting foot there.

If you have school-age children — or anticipate having them while living in your current home — you’re going to want to know more about the school district that serves the neighborhood. The Florida Department of Education (fldoe.org) ranks its elementary, middle and high schools through a point system based upon grades and standardized test scores. Those rankings are updated every year, and can be a good window into the schools’ performances.

Crime statistics for areas throughout the state are routinely collected and analyzed by the Florida Department of Law Enforcement (www.fdle.state.fl.us); that data is mapped by the state as well as by independent nonprofit and for-profit agencies. Everything from car break-ins to homicides show up, and can give you an idea whether the neighborhood you’re looking at is improving or declining with respect to crime — a great tool especially when looking at Jupiter Florida homes for rent.

Finally, if picking your Jupiter Florida real estate investment has to do with how easily you can get to and from work, find the home for sale in Jupiter you’re considering on Google Maps (maps.google.com) by typing the address into the search box. Then, come back to that website during the morning and evening commute rush hour, and select the “traffic” overlay option. The map will show you real-time traffic information so you can see whether the route you’d use for your commute is going to be problematic.

Own the Perfect Home with Mortgage Rates Decreasing in Florida

Florida_Keys_Canal_PropertyMortgage rates in the state of Florida have been decreasing significantly, following the trend that has been consistent in last year or so with some variation. With the current interest rate below 4% for real estate West Palm Beach and other areas in Florida, this is the perfect time to buy a house if you’ve been waiting.

 

Most people don’t know what to do with the interest rate of a property. They don’t know how they can secure the lowest possible interest rate and even if they do, they often make mistakes that raise the interest rate unintentionally. To be sure that you’re on the safer side when buying your home, pay close attention to the following tips:

 

  • When you’re about to close the interest rate, don’t make any large purchases. You’d also want to avoid career changes at this time since a lender will check your status just before closing, for one last time. Unless the deal is through, don’t do something that makes the lender suspicious about your ability to repay the money.
  • Most people will only pre-qualify for the mortgage, forgetting the importance of getting pre-approved. Getting pre-approved means you will have a greater chance of bending the negotiations in your favor while improving your credibility at the same time. It will also help you expedite the buying process.
  • The last but the most important tip is to watch your budget closely. Don’t agree to a loan that was originally above your budget. You may be able to get a mortgage deal for such a home but you will have troubling paying the money. Your monthly payment will be higher than what you can afford. You may be able to pay for the first few months but you will run out of patience with such a high payment. Therefore, only go for what you can afford. You can always look for North Palm Beach houses for sale. Be a little humble with your choice and you will do just fine.

How Updating Baths Can Increase Your Home’s Value

bathroom20_bigSomething every potential homebuyer considers is the way a house is staged for sale. Buyers will show more interest in a property if it is staged properly. If a home is staged correctly it can make the difference in its pricing on the market as well. One of the secrets in preparing a home for new ownership is updating its bathrooms.  By doing a few simple tasks, potential buyers will be more interested in paying the asking price for a property without asking for a cut down on the original asking price.

 

Getting your property’s bathrooms in perfect condition does not mean you have to shell out a wad of cash. You can make your baths attractive for potential buyers by making  just a few small changes. For example, you can look at homes for sale Jupiter Florida or homes in Palm Beach Gardens – they almost always have perfectly staged baths. You can get loads of low-cost improvement ideas from viewing these houses. You can also look at houses that sold quickly after being placed on the market and compare bathrooms. Here are some interesting tips, gathered from such houses and real estate advisors, to help you stage your baths perfectly:

 

  • Clean the baths. No one likes dirty looking baths. You’re probably not going  to sell at the price you asked for if you baths are in a less desirable state of appearance.
  • Update knobs, towel racks, and other bathroom vanities to make them trendy. You can always find inexpensive hardware that reflects the latest trend. Houses in West Palm Beach and Jupiter Homes are perfect for following latest trends since they are usually renovated once a year.
  • Add flowers and scented soaps to enhance the ambiance of the baths. Houses with more lively baths tend to sell quicker compared to houses with regular baths.

Florida Real Estate Welcomes New Regulations for Homeowner Associations

real-estate-florida2Real estate in Florida is seeing its best sales since the financial crisis. With a decrease in mortgage rates and affordable rental prices available, potential real estate investors will be excited to see the new opportunities our state has to offer. Buying houses in West Palm Beach can now be a tangible realty for potential investors who have delayed in committing to home ownership as house pricing has decreased recently to a more affordable range. At the same time, the Florida Homeowner Association (HOA) has placed new regulations to keep the current growth under check and avoid possible mismatch between supply and demand.

Before purchasing property in Florida or searching for homes for sale Jupiter Florida, you should review changes that have been incorporated into the new HOA laws. Here is a quick overview of all the important changes for all potential Florida homeowners:

 

  • According to a major amendment in the law, All Florida Homeowners Associations (HOA) will be bound to deliver reports consisting of the total number of houses and their total revenue generated.  HOA will need to include all this within its budget as well.

 

  • All public notices relating to real estate in Florida will be made available online.  The notices will continue to appear in Florida newspapers but they will also appear online on the Florida Public Notices website. This independent website is being operated by the Florida Press Association. The long-term objective of this legislation is to move all public notices to the web so that everyone can access them instantly without ever having to look at a paper copy.

 

  • In addition to these amendments governing general HOA management, there is legislation for specific troubled associations to help them avoid bankruptcy. This will help improve real estate West Palm Beach and other popular real estate hot spots within the sunshine state. 

Florida Real Estate – Gaining Popularity with Retirees

beautiful living areaFlorida has always been popular with retirees. However, recent rise in demand for Florida real estate has made the sunshine state the most popular hot spot for retires, being ranked first in the recently released special report on real estate growth by RealtyTrac.

With demand for rental and owned housing for retirement increasing, houses in West Palm Beach, homes in Jupiter Florida, and North Palm Beach houses for sale are also undergoing a massive rise in demand. Other retiree areas in Florida will also see an increased rise in demand, however their growth will not be comparable to the areas previously mentioned, as revealed in RealtyTrac’s recent findings.

Although the numbers are heavily influenced by rising number of baby boomers retiring in Florida from 2011 onwards, there is also a massive number of foreigners moving to popular retiree hot spots in Florida because the state offers a desirable exotic setting for retired people by a worldwide standard. Popular locations such as real estate West Palm Beach and Palm Beach Gardens, have dedicated communities for retirees to enable them to spend their retirement in ways they always dreamed of.  With mortgage rates also decreasing, there is an increase of people applying for home ownership. The mortgage rate is still around 4% which is relatively low compared to the rate that was available just a few years ago.

The rise in Florida real estate is mainly due to the efforts made by the state’s real estate industry to bring in direct investment. This has helped raise the standard of rental and owned housing throughout the state. People are interested in buying as well as renting with their lavish retirement plans. Florida definitely has the most to offer as the most sought destination for retirement.

South Florida Real Estate Market 2013