This is the place for tips and information for homeowners, investing in real estate, assistance for homeowners in distress (pre-foreclosure), and more.
HELPS FOR HOMEOWNERS
Whether you are planning to sell or simply improve your home and lifestyle, we have some great tips and guides to assist you.
Home staging—where you decorate your house in an effort to entice buyers to bite—may seem counterintuitive at first blush: Why spend money on real estate if you're moving out? Simple answer: because home staging can get you more money for your home sale. If your real estate agent has suggested staging, it's because evidence shows staging real estate is usually well worth the effort. On average, staged homes sell 88% faster and for 20% more than nonstaged homes. For our best tips for staging your home to sell, Click Here.
Feng shui is a set of principles to help align one’s living space with who they are and what they want. The practice has been around for thousands of years, but it’s not stodgy or outdated. In fact, it’s seen quite the Western resurgence in recent years, with thousands of trained feng shui consultants currently offering services across the country. You want to change your life? A simple way to do this is to change your environment. For more information about Feng Shui, Click Here.
Best Home Improvements to Add Value
When it comes to home improvements, there are two big factors to consider when figuring out where to put your money: whether it’s something that will increase the value of the house to you and whether it’s something that will increase the value of the house to others, if and when you decide to sell your home. The most valuable home improvements are those that increase your home’s worth in fair relation to the amount you spent on them. And while the improvements that might be most worth it for you personally are subjective and hard to quantify, we have evaluated the national data on what home improvements give you the biggest bang for your buck. For more information, Click Here.
5-Star Referral Directory
At Abundance Realty & Staging Company, we value 5-star customer service and do everything we can to provide it to our clients. We also appreciate business owners who are committed to the providing the same high quality care. We have established a directory with VIP business owners we feel confident in referring to our clients. From plumbers to painters to pastry makers, we have it all in our 5-Star Referral Directory. to access, Click Here.
REAL ESTATE INVESTING
If you are new to real estate investing or are considering buying your first investment property, there are a few things to consider before you jump straight in. While property can prove to be a great investment, if you don’t do your research there’s a good chance you could find yourself with a property that ends up costing you more than it makes you. To set yourself up for a successful venture into the world of property investment, we have provided some tips to help guide you through the process and come out on top.
Tips for First-Time Investors
Real estate has produced many of the world’s wealthiest people, so there are plenty of reasons to think that property is a sound investment. However, as with any investment, it’s better to be well-versed before diving in with hundreds of thousands of dollars. Arm yourself with information before starting a new career as a real estate tycoon. For more information, Click Here.
Buy and Sell (Flipping)
House flipping is when a real estate investor buys houses and then sells them for a profit. In order for a house to be considered a flip, it must be bought with the intention of quickly reselling. The time between the purchase and the sale often ranges from a couple months up to a year. To learn more about the types of flipping and how to's, Click Here.
Buy and Hold (Long-Term Rentals)
Buy-and-hold real estate investing is the purchase of rental property with the intention of holding it for a long period. It is the most common real estate investing strategy, with investors expecting to receive monthly rental income and future appreciation. A buy-and-hold real estate strategy can be a good way for beginners to get involved in real estate investing. It’s also a solid strategy for experienced investors who want to build wealth over time from property appreciation and equity buildup. For more information, Click Here.
Short Term Rentals (Airbnb, VRBO...)
The home sharing industry has grown exponentially in recent years after the establishment of Airbnb.com in 2008. Vacation rentals offer a cheap and accommodating alternative to hotels which attracts many guests. Indeed, there is strong demand for short-term rentals in both major cities and smaller towns and villages from tourists as well as business travelers. This is a fact which real estate investors should consider when choosing the optimal rental strategy. For more information about investing in short-term rentals, Click Here.
A 1031 exchange, or tax deferred exchange is a simple strategy and method for selling one property, then proceeding with the purchase of another property (also qualified) within a specific time frame. The process of selling a property and then buying another property are practically identical to any standardized sale and buying situation. A "1031 exchange" is unique because the entire transaction is treated as an exchange and not just as a simple sale. It is this difference between "exchanging" and not simply buying and selling which allows the taxpayer(s) to qualify for a deferred gain treatment. So to say it in simple terms, sales are taxable with the IRS and 1031 exchanges are not. For more information, Click Here.
Best Investing Books, Websites, & Groups
Looking for more resources on your way to Real Estate Mogul? For a list of the best investment books, websites, and local groups (Utah), Click Here.
ASSISTANCE FOR DISTRESSED HOMEOWNERS
Are you struggling to make payments or have you fallen behind on your mortgage? Our resources may be able to help.
If you fail to make your home mortgage payments, foreclosure may occur. Foreclosure is the legal means that your lender can use to repossess (take over) your home. When this happens, you must move out of your house. If your property is worth less than the total amount you owe on your mortgage loan, a deficiency judgment could be pursued. If that happens, you not only lose your home, you also would owe your lender an additional amount. Both foreclosures and deficiency judgments could seriously affect your ability to qualify for credit in the future. For tips on avoiding foreclosure, Click Here.
A loan modification is a response to a borrower's long-term inability to repay the loan. Loan modifications typically involve a reduction in the principal balance, interest rate or an extension of the length of the term of the loan. In some cases a different type of loan or any combination of the three. A lender might be open to modifying a loan because the cost of doing so is less than the cost of default or foreclosure. For more information about your options, Click Here.
Sale and Rent Back Options
We buy your home, and you stay put. You get the money you need, all while maintaining a stake in your home. Rent for as long as you'd like, or repurchase or move on your timeline. For more information about your options, Click Here.