The Top 10 Ways to Finance Your Next Property

Are you thinking about buying a property? Whether it’s a home or an investment property, one of the first most important things you can do is ensure that you are obtaining the correct type of financing. Read on to learn more!

View the full article: The Top 10 Ways to Finance Your Next Property on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Advertisements

The 5 Things a Private Money Partner Really Cares About [Video!]

In this video, I look at the details that new private money partners care about most, so you can approach them with the right specifics and land the deal!

View the full article: The 5 Things a Private Money Partner Really Cares About [Video!] on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

Newly Discovered Haver House Hits Market in Phoenix for $450,000

realtor.com

A Mid-Century Modern home designed by the noted architect Ralph Haver just landed on the market in central Phoenix for $450,000.

The fully remodeled home was confirmed as a Haver this year, thanks to two enterprising twin sisters with a keen eye for real estate and an affinity for historical research.

The sprawling desert metro was Haver’s playground from the 1940s into the ’80s. Over the decades, entire “Haverhoods” in Phoenix-as well as commercial buildings-were designed and built with his signature aesthetic: an open floor plan, exposed beams, vaulted ceilings, and a marriage of indoor spaces and the outdoors.

This home is in Beverly Park, a neighborhood that has long been recognized as a Haverhood. But listing agents Christine Kinchen and Jennifer Hibbard-who together make up Twins and Co. Realty-dug into property records and newspaper archives to prove that this place comes with an authentic Haver pedigree.

Exterior

realtor.com

“My twin sister and I are kinda like unofficial historians,” Kinchen said. “We go through microfiche, public records, newspapers, and more. It takes a lot of time and effort, but we make sure we have enough info to support what we believe with concrete facts, articles, and permits. We made the discovery on this one for our clients.”

While they won’t detail all the methods they use to identify historic homes, their full research has been compiled into a storybook format to give buyers a sense of the home’s history.

Vintage ad

Twins & Co. Realty

Along with the home’s prestigious pedigree, it has also been completely remodeled, including the addition of a 436-square-foot owner’s suite in 2016.

It has a total of four bedrooms, three bathrooms, and 1,600 square feet, and all the infrastructure has been updated, including plumbing and electrical. The interiors include newly remodeled bathrooms and kitchen and a distinctly modern minimalist approach, in keeping with the spirit of the home’s design. All the exposed block walls have been coated in Haver masonry wash.

Living

realtor.com

Kitchen

realtor.com

Master bed

realtor.com

Master bath

realtor.com

Backyard

realtor.com

The home is situated only minutes from some of the area’s hippest bars, restaurants, and local attractions, including another Mid-Century Modern architectural gem, the Arizona Biltmore, designed by Frank Lloyd Wright in collaboration with his student Albert Chase McArthur.

In the meantime, Twins & Co. is touting its latest addition to the Haverhood. “We have postcards going out to all known Haver communities, letting them know about our discovery,” Kinchen said.

Thanks to a pair of plucky twins, the stylish home now has a verified architectural pedigree and quite a story to tell.

The post Newly Discovered Haver House Hits Market in Phoenix for $450,000 appeared first on Real Estate News & Insights | realtor.com®.

Which University in Colorado Springs is Right for You?

University in Colorado Springs

Colorado Springs is a young, vibrant mountain town nestled among some of the most stunning views in the Rockies. It is also home to several four-year universities and colleges, making it a fun and adventurous destination for your educational endeavors. With such a diverse array of options, we’ve chosen five unique schools that will satisfy […]

The post Which University in Colorado Springs is Right for You? appeared first on Unpakt Blog.

3 Ways to Market Yourself as “The Helper”-And Land Deals Effortlessly

You might be The Helper if your favorite transactions are the ones where you connect with the seller’s story and are grateful to provide relief to their situation. Maybe death, divorce, or illness put the seller in the tight spot, but your investment gave them the cash to better their situation.

View the full article: 3 Ways to Market Yourself as “The Helper”-And Land Deals Effortlessly on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

6 Ways to Protect Yourself from Negligence & Liability Suits When Starting Out

Fear of lawsuits is not something that should stop you from investing in real estate. There are things you can do to protect yourself from these negligence and liability suits, and when you are just starting out, those things need not be very expensive or complicated.

View the full article: 6 Ways to Protect Yourself from Negligence & Liability Suits When Starting Out on The BiggerPockets Blog. This content is Copyright © 2017 BiggerPockets, Inc. All Rights Reserved.

The Property Brothers Must Fix the ‘Weirdest’ Home They’ve Ever Seen. Can They Do It?

HGTV

Drew and Jonathan Scott have seen a lot of very strange homes, but in the latest “Property Brothers: Buying and Selling,” they face a truly mind-boggling place, with one of the “weirdest layouts” they’ve ever seen.

In the episode called “Tiny House Switcheroo,” we meet Canadian couple Rob and Michelle, who have been running a day care business out of their itsy-bitsy, two bedroom, one-bathroom home. How they managed to live in this place is beyond comprehension-considering that its kooky layout includes extremely low doorways that seem to have been sized for Hobbits, not people, and also a pint-sized kitchen right in the entryway!

Um, what gives?

Property Brothers: Buying and Selling
A kitchen in the entryway? This is going to be a big job for Jonathan and Drew.

HGTV

The family needs a bigger home-in addition to everything else, this one has gotten too small to continue to run their day care business. But how is Jonathan ever going to be able to renovate this mini mess for a reasonable price, so they can sell it and be able to afford something with more space?

Luckily, this couple has no grand delusions about the value of their current digs. They tell Drew they would expect to sell it for about $650,000, without any renovations.

“I love you guys, because you’re undervaluing,” Drew tells them, adding that this almost never happens. Buyers tend to think their homes are worth far more than the market will bear.

But get this: Drew says because of their home’s excellent location, despite its freaky features, he thinks they could get about $700,000 for it without any work. And once Jonathan has his way with it, he estimates, they could get more than $800,000.

Woo-hoo! That’s more than Rob and Michelle had hoped for-and they’re going to need every cent, because they’re insisting on finding a bigger, nicer home in the same neighborhood, and only want to spend about $900,000. Yikes!

As both Jonathan and Drew attempt to help this family meet their goals, they come up with some fantastic real estate tips that we can apply in our own lives. Watch and learn!

What sells a house? Impressive kitchens and bathrooms

“As we know, impressive bathrooms and kitchens are what sell houses,” says Drew, approving of Jonathan’s plan to move and expand the kitchen from the entry hall into the living room, and to glam up the bathroom. “If there’s only one bathroom, it better be an impressive one,” says Drew, as he outlines plans for adding a double vanity and gorgeous tile.

Property Brothers: Buying and Selling
This new kitchen, where the living room was before, is a much better situation.

HGTV

How to stop water stains on walls

The home’s single bathroom has water stains all over the walls. Jonathan explains that that’s from the humidity that collects in a bathroom that is not well ventilated. There’s no window in that space. Rob explains that he haphazardly tried to install a ceiling fan, but it never worked. Jonathan’s plan is to steal space from an adjacent coat closet to make the bathroom bigger, and put in a fully functioning ventilation system.

It’s good to be grounded

After Jonathan demos many of the superfluous walls that divide up the home in inexplicable ways, he finds that most of the electrical system is not grounded-and so he installs an extra wire to send any dangerous electrical surges into the ground, where they can dissipate.

Ungrounded homes are an extreme fire hazard and not up to code, so the family doesn’t mind spending an extra $3,000 to do it.

‘Plug and play’ homes are a must for people who need to move in fast

This is a term you don’t often hear in real estate, but Drew uses it interchangeably with “turnkey,” which means that a home is move-in ready. It’s of great value to Rob and Michelle, since their day care business is on hold during the move, so they’re willing to pay more for a home that doesn’t need any additional work.

No surprise, then, that when Drew shows the couple a “plug and play” home and advises that they offer $950,000-which is $50,000 over their budget-they agree to do so. It’s worth the extra $50,000 for them to be able to move right in, and if Jonathan does his job as planned, they’ll be making more than they expected on the sale of their current home.

Do the Property Brothers prevail?

Jonathan goes over on the reno budget because of the electrical system improvements, and ends up spending $67,400. But that’s of little consequence, because he totally delivers on his promise to renovate the home so that it sells for a surprisingly high sum. They list at $900,00-and get an offer for $910,000!

Property Brothers: Buying and Selling
A new entryway where the kitchen used to be makes a huge difference.

HGTV

Meanwhile, Drew finds them a home that’s perfect for the day care business, thanks to a finished basement with a separate entry, kitchen, and bathroom. Upstairs, there’s a beautiful open kitchen, three bedrooms, two baths, and lots of living space. And best of all, it’s in “plug and play” condition, so the family can move right in.

It may be one of their “weirdest” projects, but it also turns out to be one of their best and most profitable for the owners. Yay Property Brothers!

Property Brothers: Buying and Selling
The Property Brothers sell another home.

HGTV

The post The Property Brothers Must Fix the ‘Weirdest’ Home They’ve Ever Seen. Can They Do It? appeared first on Real Estate News & Insights | realtor.com®.