Category Archives: Real Estate

Preparing your property for sale

There are three key areas to focus on when preparing your home for sale to help you get the best price:

1. Make simple repairs  

One of the biggest turn-offs for buyers is wear and tear such as chipped tiles, cracked windows, scuffed paintwork, stained carpets, and other obvious signs of damage. These unsightly areas instantly alert buyers there is work required, which can diminish their initial enthusiasm for your property and lower the price they are prepared to pay. Discuss with your agent which areas you should overhaul before holding open homes. You want to ensure you are increasing appeal while not overcapitalising.

2. Clean and declutter

Study other houses currently on the market and you will see they have been decluttered, cleaned thoroughly, and may even have been styled to look modern and pristine. Removing lots of clutter makes the prospective buyer able to see the room properly while more importantly, making the room appear larger. Cleaning the house, even hidden areas such as under the sink, makes the house look well-cared for. This gives the buyer a subliminal impression that the house has been well-maintained and there should be no hidden problems.

3. Style your home

Styling is another instant facelift that can give your property a fresh look which appeals to buyers. You can hire a stylist to take care of this for you, or hire furniture and accessories and do it yourself.

read more at: https://www.domain.com.au/advice/how-to-prepare-a-property-for-sale-758494/?utm_campaign=strap-masthead&utm_source=smh&utm_medium=link&utm_content=pos1&ref=pos1

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Real Estate Investors see riches in a tax break meant to help the poor

In a former warehouse on a dimly lit street in the South Bronx, developers sipping Puerto Rican moonshine listened as a local official urged them to capture a new U.S. tax break by rebuilding the decaying neighborhood.

In Alabama, a young lawyer quit his job after seeing the same tax break’s potential to help one of the nation’s poorest states. He now spends his days driving his Hyundai from town to town, slideshow at the ready, hoping to connect investors with communities.

And on a conference call with potential clients, a prominent hedge fund executive pitched investments in a boutique hotel in Oakland, which he described as San Francisco’s Brooklyn. The project is eligible for the same tax break, designed to help the poor.

Betting on Opportunity Zones; Sales of development sites are surging in areas eligible for tax breaks.

Fervor about opportunity zones is heating up across the U.S. For a limited time, investors who develop real estate or fund businesses in these areas are able to defer capital gains on profits earned elsewhere and completely eliminate them on new investments in 8,700 low-income census tracts. The goal is to reinvigorate these areas. But the question is whether the 2017 tax law will, as U.S. Treasury Secretary Steven Mnuchin predicts, pump $100 billion into places that need it most, or if investors will play it safe by funding projects in a few zones already on the upswing.

read more at: https://www.bloomberg.com/

Disclaimer: for information and entertainment purposes only

 

San Diego – Bay Ho and Bay Park :Council approves housing project on Morena

trolley

A divided San Diego City Council voted 6-3 this week to approve the first major housing project along the new Morena Boulevard trolley line despite concerns the project isn’t dense enough and includes no low-income units.

Council members in opposition said San Diego needs to demand all projects have at least 10 percent of the units designated as low-rent to help solve the city’s housing affordability crisis.

“We’re never going to come together and move the mountain unless we are showing others we are going to be standing up on that word,” Councilman Chris Ward of University Heights told his colleagues.

They also said the project, 150 apartments on the 6-acre site of the Coastal Trailer Villa recreational vehicle park, isn’t nearly dense enough considering it’s on a new trolley line connecting Old Town and La Jolla, slated to open in 2021.

read more at: https://www.sandiegouniontribune.com/news/politics/sd-me-morena-rv-project-20190110-story.html

Disclaimer: for information and entertainment purposes only