If you are ready to purchase a home this time of year, it can feel especially festive. The holidays are a busy time, but the thought of beginning a new year in a new home drives many buyers to search for the perfect house this time of year. If you are in the market to purchase your next, or first, house, during the holiday season, be sure to remember these considerations.
Don’t Blow Your Budget
With all the holiday shopping and impulse buying, it is easy to forget your house budget while you are touring with your realtor. Make a commitment to stick within your budget so that you aren’t paying for your impulse purchase for years to come.
Don’t Fall for the Glitter
Homes can look especially beautiful during the holiday season, and it is easy to perhaps overlook certain details because the house you are touring has a beautiful tree or lovely twinkling lights. Stay focused when you are out and about. Admire the beautiful decorations, but continue with opening cabinets and looking at the water heater closet. These may be less beautiful spaces in the home, but after the lights are gone, you will want a water heater that works.
Drive-By During the Day
The days are much shorter and many home tours happen to take place once the sun has already set. Be sure you are taking time to drive by houses you are interested in during various times of day, including the morning and mid-day. You can see what type of light the house gets naturally as well as the general busyness of the area throughout the day.
Work with a Professional
When you are purchasing a home, it is wise to protect yourself by working with professionals who can guide you through the process. Choose your realtor wisely and connect with an experienced real estate law firm early on in the purchasing process. At Bell Law, we guide our clients and advise them throughout their home buying journey, including the inspection process and closing. Call us today to learn more about our services and how we can work with you.
If you are considering investing in a property that you will rent to tenants, whether a home or business, you may be feeling a mix of emotions. You can feel excited about this new endeavor while still feeling anxious about your investment or overwhelmed with the to-do list before purchasing. Purchasing a rental property can be a great investment, and you should do your research before putting in an offer. Here are a few things to consider as you start your search.
Know the Purpose
Are you searching for a property to rent office space to clients? Or are you looking to purchase a property that will become home to your renters? It is important to choose if you will be seeking commercial or home properties. Commercial properties are typically much more expensive, but if you want to work with business renters, this is the way to go. Homes can be less expensive but come with their own potential aggravations.
Get the Word Out
Before you put an offer on a property, have your marketing plan ready to go. How will you get the word out about the property to let potential tenants know it is available? Don’t wait until closing to develop your marketing strategy.
Choosing a property is a hard task, but starting with location can help you narrow down your search quickly. You want a property that has an ideal location for your potential tenants, as well as for yourself. If you will be heavily involved with the maintenance and upkeep of the property, consider purchasing within a reasonable commute from your own home.
Get an Attorney
Just as with purchasing your own home, it is crucial to work with an experienced real estate attorney when investing in a rental property. The team at Bell Lawis just the group you want looking out for your best interests. We can take care of a lot of your paperwork and will be sure to advocate for your preferences all along the way.
Congratulations on your upcoming rental property investment! Cut out the extra worry and headaches by choosing to work with the attorneys at Bell Law. We will give you the expertise and confidence you need to make a sound investment.