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Tips to Find a Good Real Estate Deal

If a person has never purchased real estate before, it can be an intimidating process. However, with a few tips and a bit of information, they can be successful. The fact is, not all real estate deals are equal and if a person wants to find a good real estate deal they need to know what to look for and know the signs they have found an opportunity they should not pass up.

Good Real Estate Deal - Living RoomConsider Purchasing a Property in Foreclosure

If another person does not pay their mortgage for an extended period of time, then the lender will wind up repossessing the home and evict those who live inside. After the home is empty, the lender will sell the home. Because the goal is to recoup the money owed, properties in Foreclosure are typically offered at a great deal for buyers.

However, keep in mind. The foreclosure process can take several years, which means the property may sit empty for a while. Understand that if a person purchases this type of property, they may have to make repairs.

Be the First or the Last to Place a Bid

Good Real Estate Deal - ShowingWhen it comes to selling a home, potential buyers will enter a bid on a property. While most assume the highest bid is going to win, this isn’t always the case. In order to get a Good Real Estate Deal, try being the first or the last. In some cases, the seller is willing to accept any offer to sell, which means being the first is beneficial. However, other times if the house has been on the market for a while, then the seller will simply take the last offer to move one.

When it comes to real estate, remember the adage “if it sounds too good to be true, it probably is.” While finding a great deal is important, don’t lose site of the fact that it is still necessary to purchase a property that is worth the money being invested. Regardless of if a person is purchasing property in Cincinnati or Los Angeles, taking the time and putting in some effort to find a great deal will pay off in the long run.

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Costs Associated With Cincinnati Real Estate Renovation

Most people that own Cincinnati real estate know that home renovation work isn’t easy, or cheap. It goes without saying that, with a number of television programs devoted to property renovation, folks are increasingly exposed to the notion of the costs of renovating their home. What is the cost of renovating a kitchen, carrying out expansion work, or putting on a new roof?

Real Estate Renovation - Roof

This article will try to demystify the main renovation costs. From the outset, there is no method that allows a price to be determined accurately without first having accurately estimated the totality of the work to be performed. The method of estimating the cost per square foot must be combined with the full cost method to allow an accurate estimate of the costs of a project.

Square Feet Renovation Estimate

The square foot cost method is widely used to estimate the costs of a renovation project. Although some general or specialized contractors say they can estimate everything with cost per square foot, some reservations need to be highlighted. The number of square feet to be realized is effectively indirectly proportional to the cost per square feet for said work.

In other words, the greater the number of square feet for Cincinnati real estate, the lower the cost per square foot. One must, therefore, be wary of estimating costs too quickly and whether the amount of work to be done is representative of the price per sq. ft.

Real Estate Renovation - Attic

The Complete Cost Method

This home update method requires a certain amount of knowledge concerning building estimations. When it comes to a simple balcony reconstruction, the full cost method requires homeowners to identify all the labor tasks and all the materials required to complete the project. Here is a quick example:

  • Estimated labor time required for balcony construction = 20h @ $45/ h = $900
  • Estimated cost of materials required for balcony construction = $400
  • Estimated full cost of construction of balcony floor = $900 + $400 = $ 1300

Now, just as with the method of estimating costs per square foot, only an experienced estimator will be able to use this method adequately. Lack of experience will often cause omissions and oversights that will be costly when carrying out the work. Think about it.

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Seasonal Home Maintenance Tips for Real Estate Owners

It can be daunting to think of home maintenance, especially for a first-time real estate owner. Caring for the home is not only costly, it can be time-consuming as well. However, with the tips listed below, even a first-timer can get through the process without feeling overwhelmed.

Check Drainage During Spring

We all know that April’s showers bring May’s flowers, but they can bring something that’s a little less pleasant: drainage issues. During the spring thaw, observe how snow-melt runs off the home’s roof. It should flow away from the home and the foundation. Spring is also a good time to inspect the roof for damage to soffits and shingles.

Cleaning the Gutters

The main cause of improper drainage is a blockage in the downspouts or gutters. Cleaning a clogged gutter is an easy and effective way to avoid drainage issues, but it’s important to be safe while doing it. If the home has more than one story or the owner can’t climb a ladder safely, it’s best to hire someone to do the cleaning.

real estate home maintenance

Make Small Repairs

Spring is the right time to take care of siding, masonry and paint issues as well. By making repairs while problems are small, homeowners can save significantly on repairs and keep the home looking newer for longer.

real estate yard maintenance

Clean the Yard

Spring cleaning doesn’t have to end inside the home; it’s also a great time to tidy up the yard. Winter’s harsh winds can knock down dead branches and make the lawn look a little worse for wear, but an application of fertilizer and some basic maintenance can get things looking lush and green again.

Keep the Bugs Out

When real estate owners open their windows to let the fresh spring air in, they may also let bugs into the house if there are holes in the window screens. Although screen repair is possible, replacement is easy and relatively inexpensive. With window and screen repairs, homeowners can let the air in while keeping bugs out.

Trim Trees and Shrubs

If there are trees, shrubs, and bushes growing around the midwest home, spring is the perfect time to get them trimmed up. Branches should be at least seven feet from the home so they don’t transfer moisture and allow pests to get onto the roof and into the attic.

Taking care of a home can be difficult, especially after a long, hard winter. With these seasonal home maintenance tips, even a new homeowner can easily manage these tasks and prepare your home for sale.

Cincinnati Real Estate

Contact a real estate agent with more information regarding buying or selling Cincinnati real estate.

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