by Edward Thorby | 11:01 am

Opinion: Getting Out Of The City For More Affordable Housing

With the way the property market is right now, the prices of houses in major cities will become more and more unaffordable for the middle-class American. But the farther away you go from the city the cheaper properties get. With the help of government improving infrastructure the common citizen might be able to afford housing while working in the city.

There was once a time in history that people needed to live a few blocks from the workplace in order to have a proper job, but with the access to public transportation and private vehicles the middle class was able to move to places farther away from the city, these places are now known as the suburbs. It was only later in the 20th century were we able to do this, with cars becoming available to the public, and the United States being nicknamed “the land of the automobile”,  people were able to live farther and farther away from their workplace, which was often the city.

With how things are now, housing is becoming more and more expensive in the city and the suburbs surrounding it, it might be necessary for developers to start new housing developments in areas farther outside the city, while at the same working with the government or other private institutions to create infrastructure, such as modern public transportation, which could allow home owners fast and easy access to the city, though this will be an incredibly expensive project, and needs to be studied even further.

While this idea is not very polished, with how the prices of homes are becoming too expensive for the majority of the country’s population, it is only by studying and pursuing new ideas can we solve our housing problem today. Unless the properties get cheaper, there is probably no other way.… Read more...

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by Edward Thorby | 4:05 am

Must Knows: Before You Even Think Of Buying A Home

There are factors you need to look at before you buy a home, and for developers and investors, you need to read this as well as you will need to know all of these in order to really make your investments yield good results.

Many would like to own their own home, it is the American dream. But when is it time for you to buy a home? Are you really prepared for such a commitment? A lot of people do not realize this, but it is essential to start with renting homes when you are young. After graduating, you get your first job, and while your first job is always exciting, there is a good chance that you will one day be leaving the company for better opportunities elsewhere. These opportunities could range from being in the same city to a different state, which home ownership could really limit you from leaving. But if you are already at a stage where you do not need to worry much about this, like being able to afford a second home and renting out the old one, or having enough money to uproot your life and starting a new one in a new place, then good for you.

Remember the LCP rule!

Location

You have to consider a lot of things when buying a home, and this will vary if you are single or married and have kids, such as the accessibility of public transportation, the security of the area, how family friendly it is, schools, shops, and other things you might need or want to have easy access to in your life. But the main reason for you to do this is to be able to know if it is a good investment, the location can determine what the price of your hose will be in the future, how easy it is to rent or sell if and when you want to, and how likely it will remain in good condition (Natural disasters).

Condition 

Newly build or an existing house, you will need to have a good inspector, as they will determine the quality and condition of the house you are prospectively buying. The idea is simple enough to understand, you don’t want to buy a crappy new house nor a dilapidated old one. Both of these are obviously bad investments that will just drain the money out from your wallet.

Price

http://www.bailbondsmanazusa.comNever mind the interest rates or the mortgage, if you are making a good living and have a good credit score you wouldn’t really need to worry about that much.… Read more...

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by Edward Thorby | 6:16 am

Looking at Historical Data, and History

How do you know that the investment property will potentially remain or increase in value? Historical data and history is the key! This is something of my own secret and mostly opinion, but knowing the history of the property is the best way to know if the property will remain in good shape, and rise in value as long as there is no major crash. For example, if you call up a Pest Control Company Muncie and inquire about houses the existed and still exist in the area who experience damage due to termites and other pests, you know that most houses there will experience the same thing in the future.

These historical data will allow you to make an unofficial profile of which properties might potentially remain structurally strong and valuable. The only thing that could change this is by the development of the surrounding lands, with the addition of schools and shopping districts, making convenience and raising the value of just the land. But if there is historical data that an attempt to develop the area has failed at one point, this could also indicate a possible future failure due to the lack of optimism of the locals.… Read more...

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by Edward Thorby | 11:37 am

Be Wary Of These Signs When Buying A House

Carpet Cleaning Atlanta GABuying a home is a milestone achievement for anyone. It is a right of passage to maturity and independence. Many people go to an open house clueless on what to watch out for. Sometimes an agent will carry you away with flowery words, often leading you on until you sign the contract. Or you may come looking for a house with just your gut feel as a guide. Avoid the pitfalls of home buying by looking carefully and objectively at your prospective house. We have listed the telltale signs that you need to watch out for when scouting for a house to buy.

Pest Infestation Signs 

Research the location of the home you are prospecting to make sure that it is not a natural habitat or commonly infested with pests. The house itself could also show some sign of pest infestation. But to be sure, you need to have a professional pest control expert who is trained to locate and identify pest infestation. We consulted with pest control Bakersfield, and they advised that a professional pest control inspection should be part of your checks when it comes to buying a home. The cost of pest inspection is nothing to the amount you will spend to eliminate the pests. Early detection of the pest can oblige the house seller to fix the pest problem before you purchase the house. Or you can haggle for a discount and call your preferred pest control to handle the job. In any case, you have the upper hand on how the pest should be managed before you sign any contract. It’s important that you check the electrical wiring of the house before buying it, you can hire an electrician for this job.

Suspicious Paint Job

 Remember that it is unusual to paint just one portion of the ceiling or wall unless you are covering up a flaw. Once you spot blotchy paint job, you need to raise your concern to the house seller or agent so they can address them. Getting a bail is an easy thing if you know the right bail bondsman.

Dirty Walls and Ceilings

  Concealing a damage is wrong, but not doing something about it is another red flag. Check what caused the wall or ceiling stains. It could be probably due to leaky pipes or tattered roofing. The low price of the house is not an excuse to have issues that could cost you thousands of dollars to repair.… Read more...

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by Edward Thorby | 11:14 pm

Property Inspection Can Save You From Bad Investment

Thinking of buying a house in Denver? Aside from considering your budget and requirements, you have to set aside a time to do an in-depth inspection of the property you intend to buy. A lot of home buyers thinks that just because the house looks new, it is free from major structural repairs and busted home fixtures. They often fail to see the minor details that signify major problems in the future.

You can avoid this mistake by taking the extra steps to inspect the property with the help of professionals. Here are necessary checks to perform to ensure that the property you are eyeing is a good buy.

Pest Inspection

It is not easy to spot pest infestation signs, such as those from termites, on a perfectly set up house for sale. Termites are highly destructive pests that could turn your home investment to shambles.

You should contract a professional pest control service, such as Pest Control Denver CO, to do a comprehensive inspection of the property before you decide to purchase it. They have the training and expertise to spot the significant signs of pests that you may have overlooked.

Building Inspection

A licensed builder, architect or surveyor are qualified to conduct a building inspection on the property you want to buy. While you can do it yourself, the professionals know what exactly to look for to find structural faults on the property.

A typical building inspector will examine all parts of the property such as the interior and exterior of the building, roof area, and floor space. They will also check the garage, laundry and toilet area, fencing, surface drainage, and pathways.

The inspector will inform you about the significant defects and safety hazards that they observed on the property. They will also advise you on the scale of repairs that you need to take on should you decide to buy the property.

Dilapidation Survey

If you are planning to renovate a property, you should consider contracting a surveying company to conduct a Dilapidation Survey. This survey is an exhaustive recording of the condition of the building, from the structure down to the minor wear and tear observed. The Dilapidation Survey report will include risk assessment, budget, and photographs to aid you in deciding if the property is worth the trouble.

Typically, the inspection takes place once you have already agreed to buy the property. However, it will be worth asking the seller for pre-inspection before you make any final commitment.… Read more...

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by Edward Thorby | 8:26 pm

Things To Know If You Want to Rent A Dumpster

You might be considering renting a dumpster to manage the debris from your recent home project but are not too sure how to go about it. We know that there are a lot of companies offering this service in New Jersey, but you do not have the time to inquire to each of them to make a shortlist.

To assist you, we asked the help of Dumpster Rentals NJ Company to give us an idea of the cost and other relevant information on renting a dumpster.

Price and Dumpster Size 

The cost of dumpster rental could range from $300 to $700. The dumpster that you can rent can vary in size. For example, a ten cubic yard container which you can use for light construction projects costs around $300. There are bigger dumpsters that you can rent depending on your requirement. The cost already covers the transportation and disposal fees.

If your project is just small or you do not have the space to keep a ten cubic yard dumpster, you can opt for a collapsible one. The cost is around $30, and you can call the dumpster service once it is full so that they can haul it away. Do note that the collapsible container will not be returned to you once it is hauled away.

Another option is to hire a garbage removal service. Here you would need to pack the junk and then the trash removal service will take it away from you. You will not be given any container to keep your garbage. This option is a cheaper alternative costing only around $150 per truck load. However, this is mostly used to just dispose of bulky wastes such as broken furniture. You should still opt for a dumpster rental if you are doing any renovation or construction in your house.

Availability and Term 

The posted amount for dumpster rental is usually good for a week. They can charge an additional fee of less than $10 per day of extension.

You should also take note that the dumpster rental company may not have the dumpster size you need at your location. If this is the case, pick the next bigger size instead of getting the size you want from another site as this would involve an additional cost for you.

Types of Garbage Accepted 

Your rented dumpster could accept regular construction debris such as wood, drywall, yard waste, wires, roofing materials and some small appliances.… Read more...

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by Edward Thorby | 1:29 am

Housing in Year 2017 – Is it Going To Be 2008 All Over Again?

2008-financial-crisisWe all remember how things went during the 2008 financial crisis, and while those who lost their jobs in the financial markets tried to laugh it off, we all knew how much people have suffered because of this. Many have lost their homes, their living, and some even lost everything but the shirt on their back. And lately, with reports of the private equity firms doing similar things as the banks that caused the 2008 crisis are popping up, we can’t help but think if it’s all happening again. Though is there any truth to this? Not about the private equity firms, we all know that they are in it for the money, but the 2008 crisis happening again.

Fortunately enough, though the private equity firms are not subject to the new rules put on banks, they also do not have the same power as banks to sell these junk mortgage bonds as investments to the public. Though, the market crash was tied in closely to the property market, it was actually the huge amount of leverage, money borrowed to purchase investments, used to buy the junk mortgage bonds, that caused the whole thing to collapse. So rest assured that things are not going to become as bad as what happened almost a decade ago. Carpet cleaning is a boring chore that most people do themselves, but one car hire a carpet cleaner to take care of this job.

How BAD could it get ?

While another crash is unlikely through this scenario, there is still the problem with private equity firms not being subject to the same rules as the banks.  Though new rules are set up for them to ease up on the rates when a mortgaged home owner fails to pay for legitimate reasons, these only apply for newly purchased mortgage bonds, and there is more than a thousands of these bonds out there right now unaffected by this.

This affects good number home owners with mortgages and people who rent, as a lot of mortgages and rental properties were bought up by these private equity firms. When banks were the ones collecting on the mortgage, they were required by law to be more lenient when the situation of the home owner is valid, but private equity firms are not subject to these rules, at least the ones holding on to the junk bonds we talked about. This can lead to a number of foreclosures that would affect, though ever so slightly, the property market.… Read more...

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