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Mid-Tenn Homes

-June 12, 2019-June 25, 2019

3A

P

urchasing a house

or property is about

more than setting up

a home. Although quite a

number of people buy real es-

tate to establish their future,

long-term abodes, many oth-

ers recognize the potentially

lucrative investment that lies

within a real estate purchase.

Despite the ups and

downs of the economy, real

estate has become a common

investment vehicle - one that

has plenty of potential for

making big gains for those

who are willing to put in the

effort. According to the ex-

perts at Entrepreneur, even

in a bad economy, real estate

investments will usually fare

better than stocks. Real es-

tate also continues to appre-

ciate despite the occasional

economical slow-down.

Like any other endeavor,

there is a right and a wrong

way to go about investing in

real estate. Novices may not

know where to begin their

rst forays into the real estate

market as investors, even if

they already own their own

homes. Buying a property

as an investment is an en-

tirely different animal than

buying a home to establish a

residence. However, with the

right guidance, anyone can

dabble in real estate.

· Establish nancial goals.

Before you even begin look-

ing at properties or put forth

the effort of meeting with an

agent, you must determine

what you expect from the

investment. The days of buy-

ing real estate and ipping it

for a fast prot may no lon-

ger be here. However, real

estate can provide a steady

stream of long-term income.

Understand what you hope

to achieve by investing. If it's

to become an overnight mil-

lionaire, you may be looking

at the wrong investment ve-

hicle in real estate.

· Establish a plan. New

investors who do not have a

plan in place will likely spend

too much or have more set-

backs than others who have

planned accordingly. When

investing in real estate, it's

more about the bottom line

than the property itself. Ac-

cording

to

Springboard

Academy, a real estate acad-

emy for investors, look for

motivated sellers and stick

to a set purchase price. Try

to make offers on a variety of

properties that work in your

nancial favor. And know

what you want to do with the

property (i.e., renovate and

sell, remove and rebuild, or

rehab and rent) before you

buy. Fit the house to the plan,

and not vice-versa.

· Start small. If this is

your rst time out there,

stickwith properties that will

turnover quickly. Research

areas in and around urban

centers or close to transpor-

tation and shopping. A good

starter property is a small

house or a condominium

that can be refurbished and

then rented. Rental proper-

ties offer steady sources of

income when renters are

properly vetted, offers In-

vestopedia, an investment

resource.

· Look at many differ-

ent properties. Become an

expert by learning as much

as you can about what is out

there. Attend open houses;

look for vacant/unattractive

properties; scour the classi-

eds in your local paper; or

put the word out there that

you're interested in buying a

property. Only look at prop-

erties that have motivated

sellers, because then you'll

get closest to the price you

want to pay. And don't for-

get to research the area and

the home turnover rate for

the specic area where you

are looking. Don't make as-

sumptions that a property

will appreciate without do-

ing your homework.

Real estate can be a wor-

thy investment opportunity.

With research, a plan and

the right price, just about

anyone can be a real estate

investor.

Lighting is a key component of curb appeal

C

urb appeal can affect pro-

spective buyers' perception

of a home. When address-

ing curb appeal, homeowners may

be inclined to focus on features

that are easily seen from the street

during the day. But what can a

homeowner do to improve on his

or her home's nighttime aesthetic?

Outdoor lighting is one as-

pect of curb appeal that is often

overlooked, advises the home im-

provement experts at The Spruce.

Homeowners may fail to recog-

nize the importance of how prop-

er illumination can provide their

homes with a warm glow and

make it look beautiful after the

sun has set. For example, think of

how cozy and inviting neighbor-

hoods appear during the holiday

season when homes are strung

with twinkling lights. Homeown-

ers can replicate that look all year

long with lighting elements.

Lighting for evening hours

also helps maintain a safe envi-

ronment for people who are vis-

iting the property. Illuminating

walkways and doorways provides

a clearly visible and safe path to

and from the home.

The following are a few ways

to improve outdoor lighting.

· Focus on architectural fea-

tures. Outdoor lighting can focus

on the external features of the

home's architectural style. Use

light to draw attention to inter-

esting gables, dramatic roof lines,

dormers, or curved entryways.

· Play up landscaping. Styl-

ish lighting can highlight trees,

shrubs, pathways, gardens, and

all of the elements of softscapes

and hardscapes on a property.

The lighting experts at Vernon

Daniel Associates say that soft

lighting can make homes feel

warm and cozy. Uplighting trees

or other elements can add a dra-

matic effect.

· Light up all doors. Make

sure that doors, both entry and

garage, are properly lit for ease of

entry and egress from the home.

Safety.com, a home and personal

security resource, says a home

burglary occurs every 15 seconds

in the United States. Installing

motion-activated lights or lights

on timers can deter break-ins.

Consider using home automation

to control porch lights and other

outdoor lights remotely, if neces-

sary.

· Create entertaining areas.

Outdoor lighting can be used to

extend the hours residents can

spend outside. This is great for

entertaining and can be an excel-

lent selling point.

Homeowners are urged not

to overlook outdoor lighting as a

vital part of their plan to improve

curb appeal.

A home lit up at night helps increase its curb appeal.

Make moving much easier

I

t should come as no surprise

that spring kicks off one of the

busiest times of year in the

housing market. Warm weather

makes it more comfortable to see

and display homes, leading to

more listings and open houses.

According to the U.S. Census

Bureau, the average person in the

United States changes residences

more than 11 times in his or her

lifetime. With each move, the pro-

cess of moving may become more

familiar. But even the most prac-

ticed nomad can nd moving to be

an overwhelming experience.

Those on the cusp of moving

and nervous about packing up and

leaving can employ a few tricks to

make moving much easier.

Research areas carefully

Buyers are advised to do their

research when seeking new towns

or cities to call home. There are

many factors to consider, includ-

ing school district ratings, prox-

imity to shopping, distance from

work/commute times, availabil-

ity of transportation, climate, and

crime ratings.

Before falling in love with a

particular home, potential buy-

ers can visit the area in which the

home is located during a typical

weekday to get a feel for the at-

mosphere. Check out shopping

centers, observe the residents and

drive by the schools and business-

es. This can help paint an accurate

picture that may or may not differ

from that depicted in the real es-

tate listing.

Stack the deck

Working with qualied profes-

sionals who have gone through the

moving process before can make

for easier work for buyers and

sellers. Ask for recommendations

regarding real estate companies,

real estate attorneys, home in-

spectors, insurance agents, and all

of the other people who will assist

with buying, selling and moving.

Carefully vet these professionals,

relying on third-party reviews as

well as any information provided

by the Better Business Bureau.

Secure temporary storage

It can help to put some be-

longings into a storage center

prior to moving, and then gradu-

ally take items from the storage

unit to your new home. This will

free up space to make repairs to

your new home and give you time

to gure out decorating schemes

while ensuring clutter won't get

in the way of renovation projects.

New homeowners also can take

their time sorting through boxes

and getting rid of items they may

not need in their new homes.

Get estimates and verify

licensing

The BBB advises consumers

to verify all licensing for movers.

Solicit at least three in-home es-

timates and get those gures in

writing. Conrm insurance cov-

erage for the company chosen,

and be sure to have all agreed

upon information spelled out ex-

plicitly in a written contract. Red

ags to consider include movers

who don't make on-site inspec-

tions for estimates and those who

demand payment in advance be-

fore the move.

Have a rst-week survival

kit

New homeowners can pick

up takeout restaurant menus and

premade grocery store meals.

In addition, stock up on staples

such as paper plates, toilet tissue,

light bulbs, and cleaning supplies

in advance of the move so you

won't have to unpack everything

at mealtime or when you want to

clean after arriving at your new

home.

Beginner's guide to real estate investments