There’s no denying that Austin is in a red-hot housing market right now. The question on everyone’s mind as rent and home prices continue to rise is: should I rent or buy? Here are some key things to consider as you proceed with this decision. Down Payments One of the biggest arguments we hear from people wanting to buy is that they just can’t find the money for a down payment. Down payments...
As a landlord and investor, you rely on your tenants to consistently pay you on time. It’s how you pay the bills, maintenance, repairs, etc. Creating a rule to implement late fees can be confusing regarding finer details like when the charge should take effect, how much to charge, and how long the grace period is. Keep reading because we’re going to answer those questions! What Are Late...
With years of experience under our belt, these are the five most common ways Austin investors make when purchasing an investment property, and how it leads to them overpaying. 1. Austin Investors Being Influenced by Emotion Purchasing a property is exciting, but don’t let it blind you from the repairs of a property. This is one way Austin investors overpay for their property. To counteract...
Last blog post, we covered an introduction to home improvement loans, an FHA 203(K) loan, an FHA Title 1 Property Improvement Loan, and the advantages and disadvantages of each one. In this post, we’ll continue the conversation by discussing the four other options: Home Equity Loans (HEL), Home Equity Line of Credit (HELOC), Personal Loans, and Credit Cards. Types of Home Improvement Loans Home...
In today’s real estate market, where buyers compete with several other buyers, some are trying to get an edge by forfeiting the home inspection. This can be a problem if the home has structural damage, as the buyer wouldn’t know about it until later. Whether you’re a buyer or investor looking to improve your already existing property, here is an introduction to home improvement loans. We’ll cover...
We know that Austin is growing a lot, thanks to several businesses relocating and moving to Austin. And it turns out almost half of them are from out of state! StorageCafe, a nationwide self-storage website, analyzed nearly 2 million renter applications and found the following renter trends for 2020. 2020 Renter Trend #1: Renters Prefer Urban, Not Suburban Many reports were coming out last year that...
If you’re selling or you’re struggling to sell your house, you should try staging! Staging affects the buyers’ view of a home. Actually, according to a National Association of REALTORS®’ study, 40% of buyers agents said staging affected most buyer’s view of the home. And it can transform a house so easily and quickly! Here are some reasons why you should stage and the reasons it works. 1....
The first anniversary is coming up! Anniversary of what, you may ask. The anniversary of people living and working from home thanks to a pandemic, of course. From this one year, real estate agents and home professionals have realized there’s a popular trend in what homeowners seek in a home now. So whether you’re selling your Austin-area home or looking for someone to occupy your property, consider...
There has never been a better time to invest in Austin real estate. We want to set you up for success, so we’re going to cover common real estate investment mistakes like improvements that will provide the most return on cost, who you need on your investing team to be successful, what to research before buying an investment property, the importance of screening tenants effectively, and...
Real estate is an evolving industry, and it comes with its own dictionary of terms to know, understand, and follow in order to be successful. If you’re considering becoming an investor, be sure to know the real estate terms below like the back of your hand. Single-family home - A residential building that houses one family and is not attached to any other structures, units, or homes.Multi-family home...