Nelson Zide
ERA Key Realty Services | 508-277-7794 | nelson@nelsonzide.com


Posted by Nelson Zide on 2/26/2020

Image by Steve Buissinne from Pixabay

Real estate investing is a powerful way to build wealth, as investors can take advantage of rent payments, appreciation, tax deductions and leverage. Additionally, there are lots of properties to invest in. If you’re starting to explore real estate as an investment opportunity, here are five types of properties and why you might invest in each.

Single-Family Houses: Starter Investments

Many individuals first get into real estate investing with single-family homes. There are many of these for sale, and they tend to cost less than the other property types mentioned here. Whether you want to flip properties or rent them out, a single-family home lets you get into real estate at an affordable price and you can learn a lot from owning just one house.

Small Multi-Family Houses: Greater Cash Flow

Small multi-family houses are a natural step after owning a single-family home, for multi-family properties offer better cash flow while still remaining manageable. Many landlords who invest in small multi-family buildings that have two to five units manage these properties themselves (although you can always outsource to a property management company as well).

Apartment Complexes: Significant Income Potential

If you have the necessary financial resources, apartment complexes offer even greater income potential than small multi-family homes. The more units a complex has, the more people pay rent and the greater the potential revenue. Of course, this increased potential comes with additional challenges. Expect to maintain amenities and answer regular service calls if you get a sizeable apartment complex.

Vacation Homes: Dual-Purpose Income Properties

With the advent of peer-to-peer online platforms, vacation homes have become an increasingly popular type of investment property. These include lake houses, ski houses and ranches, as well as apartments and townhomes in cities that have regular short-term visitors. In short, anywhere there’s a campground or hotel, a vacation home might be viable.

Vacation homes are unique in that they focus on short-term rentals rather than long-term leases. While this means the place must be cleaned between each reservation, it also gives you the flexibility to block off times when friends or family want to use the place.

Commercial Properties: Sizeable Investment Potential

An alternative to residential properties, you can also invest in commercial properties. You may have to be an accredited investor (earn $250,000 annually or have a $1 million net worth) to get into commercial real estate. If you’re able to, though, these properties offer diversity and significant long-term potential.





Posted by Nelson Zide on 2/19/2020

A home listing often introduces a homebuyer to a residence. It may include home photos, a brief home description and details about various home features and amenities. As such, an effective home listing is a must-have, particularly for a home seller who wants to stir up plenty of interest in a residence.

Ultimately, there are several best practices to consider when you create a home listing, and these include:

1. Provide Accurate Information

Learn about your home, and you can provide accurate information about your residence in your home listing.

If you're unsure about your home's condition, it often pays to complete a home appraisal. That way, a property appraiser can evaluate your residence both inside and out, identify any problem areas and offer a property valuation.

Furthermore, if you recently completed assorted home improvements, you should include information about these upgrades in your home listing.

Whether it's new windows that you installed throughout your residence or an updated home air conditioning system, including details about various home upgrades in your home listing could help your residence stand out to potential buyers.

2. Include High-Quality Photos

You don't need to be a professional photographer to capture high-quality photos of your house. In fact, many smartphones and tablets feature first-rate cameras, and you can use these mobile devices to take photos of your house's interior or exterior.

As you photograph your home, remember the homebuyer's perspective. For instance, a homebuyer likely wants to see photos of a clean, pristine kitchen and other awe-inspiring images of your house. If you clean and declutter your house before a photo shoot, you can increase the likelihood that your home photos will capture homebuyers' attention.

On the other hand, if you want professional assistance, you can always reach out to a real estate photographer as well. A real estate photographer can offer home photo recommendations and suggestions and help you capture photos that show off the true size and beauty of your residence.

3. Collaborate with a Real Estate Agent

A real estate agent knows what it takes to craft an effective home listing. Therefore, if you collaborate with a real estate agent, you should have no trouble creating a home listing that hits the mark with homebuyers.

Typically, a real estate agent will meet with you, learn about your home selling goals and plan accordingly. He or she then will use the information that you provide to develop an engaging home listing.

With a real estate agent at your side, you can seamlessly navigate the home selling journey too.

For instance, a real estate agent will host open houses and set up home showings to promote your residence to homebuyers. Plus, he or she will keep you up to date about any home offers and provide expert advice at each stage of the home selling journey.

Creating an effective home listing may seem difficult. Fortunately, if you use the aforementioned best practices, you can craft a home listing that can help you generate substantial interest in your residence.




Categories: Uncategorized  


Posted by Nelson Zide on 2/17/2020

This is a must-see 2-family house! Ideal place to live with family or living on the first floor and renting out the second floor. First floor has a great layout with high ceilings, 3 bedrooms, 1 bathroom that also houses the washer/dryer hookups, kitchen, and living/dining room combination. Second floor is set up as a townhouse with wood-beamed ceilings, 4 bedrooms and 2 bathrooms. The living room/dining room and kitchen both have rear decks/porches that lead to a terrific backyard with a gazebo, firepit, and play area. Full basement was previously finished and served as a fun and open space with a wet bar and half bath. Newer roof is approximately 8 years young, vinyl replacement windows approximately 12 years old, 2 heating systems and separate 100-amp circuit breakers recently updated. Show and sell!

More Info on this Property | New Listing Alerts




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Posted by Nelson Zide on 2/12/2020

If you've been pre-approved for a mortgage, you can enter the housing market with a budget in hand. In fact, this mortgage will enable you to spend up to a certain amount on a house. But in many instances, it pays to buy less house than what you can actually afford.

Ultimately, there are many reasons to consider purchasing a house below your means, such as:

1. You might not have to worry about significant home maintenance.

A small house likely means less home maintenance than would be required in a large house. Therefore, you may be able to spend less time worrying about keeping your residence looking great if you acquire less home that what you can afford.

Of course, let's not forget about the money that you might save by purchasing an affordable residence. If you buy an inexpensive home, you may be able to use the money that you save to hire professional home cleaners, landscapers and others to help you enhance your residence's appearance.

2. You'll be better prepared than ever before for unexpected expenses.

There is no telling when a family emergency, natural disaster or other dangerous situations may arise. Fortunately, if you spend less on a house now, you may be better equipped than ever before to handle the expenses commonly associated with these unforeseen events.

Purchasing a cheap house may prove to be valuable if you encounter costly, time-intensive home repairs down the line too.

For example, your home's roof won't last forever, and you likely will need to fix or replace it at some point. But if you purchase a budget-friendly home, you may be able to save extra money that you can use to cover the costs associated with various home repairs.

3. You'll have more money that you can use to personalize your house.

The money that you save on a house today may be used to upgrade your home both now and in the future.

For instance, if you want to install a deluxe swimming pool or fire pit in your backyard, spending less on a house now may provide you with the financial resources that you need to fund these projects. And if you complete a broad range of home renovations, you may be able to increase your house's value as well.

Deciding how much to spend on a house can be a tough decision for any homebuyer, at any time. If you collaborate with a real estate agent, you can explore a vast array of residences that fall within your price range.

A real estate agent will learn about your homebuying goals and tailor your home search accordingly. He or she also will set up home showings, keep you informed about new residences that become available and ensure that you can discover a home that matches or exceeds your expectations.

Consider your budget closely as you prepare to kick off a home search. By doing so, you should have no trouble finding a terrific house at an affordable price.





Posted by Nelson Zide on 2/5/2020

Listing a home is a key step during the property selling journey. And if you fail to plan accordingly, you risk creating a home listing that misses the mark with prospective buyers.

Ultimately, there are several things you need to consider before you craft a home listing, and these include:

1. Your Home's Features

As a home seller, your goal is to stir up significant interest in your residence. Fortunately, an effective home listing can help you do just that, particularly if you use your house listing to highlight your residence's features to buyers.

Think about what makes your home unique. Then, you can incorporate information about your home's distinct features into your house listing.

Furthermore, you may want to include high-resolution images of your home in your listing. That way, you can show buyers exactly what your home has to offer and help them make an informed decision about whether to pursue your residence.

2. Your Initial Home Asking Price

How you price your home can have far-flung effects on your house selling experience. In fact, if you set an initial asking price that exceeds a buyer's budget, you may struggle to generate interest in your residence.

As you put together a home listing, evaluate your house's age and condition. You may want to conduct a home appraisal as well. Because if you conduct a home appraisal, you can receive a property valuation that you can use to set a competitive initial asking price for your house.

Also, spend some time reviewing the prices of available houses that are similar to your own in your city or town. This housing market data can help you see how your residence stacks up against the competition so you can price your house appropriately.

3. Your Home Selling Timeline

Your home only gets one chance to make a positive first impression on buyers, and a listing enables you to make the most of this opportunity. If you need to sell your house as quickly as possible, you should do everything you can to ensure your listing garners buyers' attention.

Generally, you should avoid jargon in your home listing. Use clear, concise terms and ensure the listing is easy to read.

Before you finalize your home listing, you may want to consult with a real estate agent, too. A real estate agent is happy to review your home listing and offer recommendations to help you improve it. Plus, a real estate agent can promote your residence to potential buyers and ensure you can enjoy a quick, profitable house selling experience.

For those who want to achieve the best-possible results during the home selling journey, it usually is a good idea to create an effective house listing. If you consider the aforementioned factors, you can boost the likelihood of crafting a home listing that captures buyers' interest. And as a result, you could accomplish your desired home selling results in no time at all.







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