Archive for the 'Real Estate' Category



Roofs in Disrepair

Posted By Twyla on August 1, 2008 @ 5:25 pm

As I was driving down the street the other day, I was wondering if there was a problem with roofing Warwick RI. It seemed like every single roof on the street was in disrepair and I was wondering if it was a problem with the job or if every single roof was really that old.

I decided to keep this in mind and check out some other areas of town and I remembered when I was downtown. The problem with this is it is the flat roofing Warwick RI capital and I could not really see what kind of shape the tops of the buildings were in.

The thing about commercial roofing Warwick RI, is that it is not a good judge as to what the rest of the community should look like. I decided to check out some more residential neighborhoods and my findings were not too astonishing. I guess that we just live on a bad street.




Learning to be a Landlord

Posted By Misty Mountain on June 19, 2008 @ 11:50 am

Had I known how much responsibility there was in being a landlord, I don’t know if I would have ever done it.  At the time though, a deal came across our plate that we just couldn’t pass up, and before I knew it, I owned some rental property.

Now, it wasn’t a big property by any means, but it was a little duplex.  But the house was older, and it was a good deal (in terms of the numbers), so we jumped into it with two feet.  There were existing tenants that were no problem, but there were things that we hadn’t expected.

You see, being an older house presented some problems.  Though some maintenance had been done, there were things that came up on a regular basis - it seemed like we were in there almost once a week fixing something - talk about frustration.

Anyway, it has been a trying road learning to be a landlord.  Though it has been a lot of work, I think it will still be worth it in the end.




Vinyl Windows is the Way to Go

Posted By Twyla on May 21, 2008 @ 9:21 am

When it came time to replace the windows in the house that I was renovating and hoping to sell, I had an Illinois window company representative come out of the home to both give me a quote and make suggestions on what would be the cheapest and what would look good.

He suggested that we use vinyl replacement windows as this would definitely be the cheapest route to go and he told me that most of the people who flip houses that he knows choose to go this route.  I decided to go ahead and place my order for installation, as I wanted to get the house finished as quickly as I could.

When all is said and done the windows had cost me a lot less than what I had budgeted and I thought the vinyl windows looked great. I was rather impressed at how quickly they install them and I was able to list the house three weeks earlier than what I had originally planned. 




UK Housing Bill has some Worried and others Jumping for Joy

Posted By Jenn Brockman on May 20, 2008 @ 3:17 pm

If you live in the UK, you’ve likely heard about the push by the government to build millions of homes in the area and the worries that some organizations have about the housing boom taking over green belt and green field lands.

Unfortunately, much of the land for sale in the UK is what exists as farming land and forestry area which environmentalists are fighting to protect from the government pushing through legislation to build on. UK land investment can be a smart bet but it could  potentially lead to the destruction of the natural resources with in the United Kingdom.

Without the developments however, many families will be looking to other than UK land to build and live.  The housing bill aims to bring more public lands available to build family homes and to build about seventy thousand homes per year, though some say it should be many more than that.




Home Show on Bathroom Suites

Posted By Misty Mountain on February 15, 2008 @ 3:28 pm

Flipping the channels on the television last night, I came across one of those flipping houses television programs.  I am sure that you are familiar with them - they show you the whole process, from buying the house, to renovating it, to flipping it.

What I found really interesting in this particular show is that they were talking about how to increase the value of a home without spending a lot of money.  One of their suggestions was that the traditional shower baths should be replaced with whirlpool baths.  According to their experience, it was one of the most effective ways to increase the value of a home significantly without spending a lot of money.

They continued throughout the show highlighting different ways bathroom suites could be renovated to increase value.  It makes sense that they would focus on this aspect as most of your house guests would use your bathroom and it would be the room they would most likely remember.

I’ll just have to remember what I learned and apply it when I flip a house in the future.




Essential Landlord Task: Finding Good Tenants

Posted By Misty Mountain on February 6, 2008 @ 12:32 pm

Perhaps one of the most essential tasks for a landlord is to find qualified tenants.  If there are no tenants, there would be no point to have a rental property (or a landlord), right?

In some respects, doing a tenant check is much like checking out an applicant before a job interview.  Basically the landlord is making sure that this potential tenant is a qualified renter.  It is an attempt to make sure that the potential tenant will pay their rent on time, take care of their unit, and be a good addition to the rental community.

Quite often the landlord calls each tenant reference and makes sure that the stories portray the person as reliable and dependable.  Great attention is paid to whether or not the references provide consistent stories about the potential tenant - if their stories are not consistent, chances are there could be problems.

The result is that the landlord meets the tenant when they come to apply and has the stories from the references.  At this point they need to make a decision as to whether or not they would be a valuable addition to their rental community.  Though they might not get it right all the time, every good tenant they move into the property they manage, the easier their job gets - so there is some good incentive for them to find good ones.




Finding Out Information About Mortgages

Posted By Misty Mountain on January 29, 2008 @ 11:12 pm

My sister is getting older now (22) and she is considering purchasing a home.  She had gone to talk to her banker about FHA loans and whether or not she would qualify.

Sadly, they didn’t have much good news for her.  You see, she had an incident in her past where she missed some payments on a loan because she was hospitalized, and so she has a blemish on her credit history.

But I told her that I was referred to a loan website by the realtor at the local real estate place here in town. 

She tried it out.  I knew it was a site for generating mortgage leads, but it did direct her to a site that specialized in mortgage loans and she filled out an application.

Now, all she has to do is wait.  The realtor that I talked to assured me that pretty much no one was rejected - so she should have a pretty good chance of getting the mortgage.  Now, all she has to do is find something in her budget - that will be another challenge altogether.




I Want Sunflowers in My Kitchen

Posted By Twyla on January 4, 2008 @ 2:56 pm

We have taken an interest lately in used mobile homes. We currently live in a town house and, though a mobile home would be no bigger than what we have, it would be much cheaper, as well as being ours. It would be nice to paint my little girl’s princess room pink or put up a cheerful border in my kitchen. These are just not options when you rent.

We are currently looking into obtaining a manufactured home loan. We thought we would see how much we could be approved for, so we know what we would be looking for. We were told that it shouldn’t be too big of a hassle to get the approval and now we are just waiting to see.

We also discussed with the lady at the bank, the possibility to remove PMI from our mortgage. She didn’t think that would be too much of a problem, considering that we both had a pretty good credit rating. We are already packing, as we know this is going to happen. Right now the only question is when.




Knowing the Market

Posted By Twyla on December 25, 2007 @ 5:35 pm

As a student, have a bit of a hobby following the ups and downs of prices in the real estate market. I do not currently own my own home, but feel when I am ready to make that decision, I would want to be informed and I don’t want any surprises.

I have been looking into homes in Greenville, SC. As I can live with my parents for nothing until I finish school, there was no point in me buying a home, but I am considering a job position in Greenville and I absolutely refuse to pay rent. Doing this makes you essentially pay for someone else’s mortgage and I want no part of that.

I have applied for the position and if I am called for an interview, I will look at houses for sale while I am there. I am sure it will be very easy for me to judge if it is a good deal or not, as I have been following the market for a long time.




Going For It

Posted By Twyla on December 23, 2007 @ 10:51 pm

I recently had the opportunity to have an inside look at some Asheville Condos.  I am interested in purchasing, not for myself, but as an investment.  I am not from Asheville, but have been told that it is a good place to start investing and that good tenants aren’t to find.

I was impressed with what I saw, so I thought I should look some more at Asheville real estate.  The numbers were more than satisfying and I thought I would like to speak to some people to get first-hand information about what kinds of tenant I could expect to have.

This research was quite uplifting.  I know that now is the time to be looking at real estate for sale in Asheville, both for renting and flipping.  I think I will enjoy this business venture and am glad I am finally putting the money where the mouth has been for years.




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