Friday, February 25, 2022 / by Joe Johnson
Being a landlord hasn’t been easy over the past couple of years. Not that it’s ever entirely easy, but local and federal pandemic mandates and eviction moratorium made it harder to even collect rents, let alone raise them.
But according to recent survey data highlighted in this Realtor Magazine article, landlords plan to substantially raise rents this year, and all signs point to tenants being willing and able to pay higher rents.
Here’s a look at how much surveyed landlords are planning on increasing rents by in the coming year:
38% plan on increasing by 5% or less
45% plan on a 5-10% increase
9% are planning on a 10-15% bump
5% are seeking a 15-20% hike in rent
3% are asking for an increase of 20% or more
The amount your market and tenants will be able to bear has to be taken into consideration, but overall the article cites that 82% of renters have not missed a payment in the past 12 months, showing that the majority of tenants ar. ...
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Friday, February 25, 2022 / by Joe Johnson
When it comes to home features, it makes sense that different generations are looking for different things. For example, the must-have features for a first-time Gen X homebuyer are going to be different from the needs of a Baby Boomer looking for the perfect retirement home.
That being said, there are certain home features that have multigenerational appeal. So what, exactly, are those home features?
A recent report from the National Association of Home Builders identified the top home features that resonate across generations, including:
Laundry rooms
Exterior lighting
Ceiling fans
Patios
Walk-in pantries
The Takeaway:
If you’re selling your home, it’s important to know which features have the widest appeal; that way, you can frame your home in a way that highlights the most universally appealing features—and attract potential buyers from all generations.
Ready to list your home? The Reiner Realty Team can help! Give us a call . ...
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Friday, February 25, 2022 / by Joe Johnson
When you sell your home, you want to sell it as quickly (and profitably!) as possible. And, depending on the state of your property, that may mean making a few upgrades before you put it on the market.
But what upgrades can actually help you sell your home more quickly?
According to a recent study from homeownership resource Knock, homeowners that tackle improvements before putting their home on the market sell, on average, 30 percent faster than those that don’t—and certain upgrades can help homes sell more quickly than others, including:
Repainting kitchen cabinets. Adding a fresh coat of paint to kitchen cabinets costs, on average, $1,319—but according to Knock’s analysis, it can help a home sell a whopping 10 days faster than homeowners who choose not to repaint shabby cabinetry.
Remodeling the bathroom shower. Remodeling a bathroom shower will cost, on average, $1,043—but it can also help you sell your home 9 days faster ...
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Wednesday, February 23, 2022 / by Joe Johnson
Your home is an investment — and protecting that investment is probably one of your top priorities.
So as the seasons change and you start to spruce up and refresh your space, be sure to make time for maintenance as well as spring cleaning.
Keeping up with essential tasks will help ensure your home stays hazard-free, retains its value, and maybe even delivers a profit in the future.
Here are the top spring maintenance tasks to add to your to-do list today.
Structure and Foundation
Check the foundation and exterior walls for cracks.
Clean gutters and downspouts and repair any leaks or holes.
Inspect the roof, looking for loose or missing shingles, damage to any pipes, or unusual wear and tear.
Check for gaps around doors and windows and reseal them.
Systems and Appliances
Test smoke alarms and carbon monoxide detectors.
Schedule an HVAC tuneup to ensure your system is ready when it’s needed.
Clean the refrigerator coils to lengthen your fridge. ...
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Wednesday, February 16, 2022 / by Joe Johnson
Are you ready to make the transition to a new home? Or at least take a few steps to get there?
If so, you’ll need to think about selling your current property, and you’re probably hoping to get the best price possible.
Renovations can be a great value booster. The right changes appeal to buyers and help you make a great return on your investment.
Here are four ways you might want to renovate before selling.
Fresh Paint Job: A new coat of paint is one of the most affordable renovations — and you can even do it yourself. Uplifting colors, like taupe or soft teal, can make a room look brighter. Remember that the more neutral the area, the easier it is for buyers to picture themselves living there.
Countertops and Light Fixtures: If you want to make your home look new without undergoing a full remodel, updating the countertops and light fixtures can work wonders. Similar to paint colors, it’s best to stick with simple styles.
Break-Even Rem. ...
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