Category: Real Estate Investing
25 posts found.
7 Reasons You should make Pine Chapel Estates your Home
Most folks have heard that buying rental property is a good investment, but what exactly makes a good rental property in Hampton Roads? When seeking a profitable investment in real estate, there are a few things to consider.
Now that the holidays are in full swing, it can be a good time to look into what housing may have in store for 2015. Are you thinking of buying? Moving? Selling? Downsizing? Building? Investing? Are experts predicting that the upcoming year will prove auspicious for such activities? According to Pat Mertz Esswein, in her recent article, Housing Outlook 2015, real estate prices will continue to increase but affordability is still within reach for the average homebuyer in many metro areas.
During this season of gratitude, we at SimonHouses.com are grateful for many things and one of those things is you, our clients. Below is a list of reasons why we're thankful for you allowing us to help you achieve your real estate goals this season and throughout the year.
Becoming a landlord in Hampton Roads can have a particular draw to some people, but are you one of them? Renting out your property can be a profitable business for some and a nightmare for others. The process can be broken down into positives and negatives. If investors can handle the negatives, then the positives can be impressive.
Sometimes renters may think and say certain things about home buying they may believe are true, but are actually false. With all the real estate news out there, it's good to know what information is solid and what information is really misinformation. Keep reading to learn more.
Those who've been waiting for home mortgage rates to decrease are in luck. Rates have dropped for the fourth consecutive week, which combined with increasing inventory and moderately priced homes, creates optimal conditions for house hunters in Hampton Roads. So if you've been on the fence hemming and hawing about home ownership; delay no further! Now is a great time to pounce on these low rates while the getting's good.
Is there such a thing as being too young to buy a home? Have you thought about buying a home, but are concerned you may not be mature enough to handle everything that comes along with home ownership? Everyone is unique, so there is no set age for becoming a homeowner because it's different for each person. Today, even teens can buy homes. When you want to buy a house, don't let age be an obstacle!
Moms always seem to offer insightful information; the topic of real estate is no exception. These shrewd ladies are never short on helpful advice, and now isn't the time to stop listening. Get Mom's opinion on home buying before making those all-important decisions.
Mother's Day is this weekend, but getting the mom seal of approval on a home is important any time of the year! So what kind of property can put those maternal figures at ease when they're thinking about their adult children?
If you've thought about retiring in the near future, consider Hampton Roads. Coastal Virginia offers many things to do, a temperate climate, friendly locals and an affordable cost of living. There are a few places that have particular appeal to anyone looking for a choice retirement spot in this area.
Thinking of buying a foreclosure? These homes can be found at bargain prices but don't come without their share of risks. Learn if distressed properties could be for you.
When you choose a real estate agent, it can seem you're putting all your eggs in one basket. But is that necessarily a bad move? Absolutely not! When you find a knowledgeable agent who can help you meet your real estate goals, there is nothing wrong with this common strategy. Actually, this route can be quite beneficial for several reasons.
There is much information that can be gleaned from attending an open house in Hampton Roads. Homebuyers who can spare an hour or so on a Sunday afternoon have no reason not to check out a local open house to learn about:
When buying a house, it may be tempting to bypass the home inspection. With so much going on, why go through the extra trouble of getting a home inspection? Ask any real estate professional and learn the reasons why, or just continue reading.
When relocating to Hampton Roads, military members may wonder if they should opt for military housing or a home of their own. There are plusses for both of these options, so which works best for you?
When moving into Hampton Roads, one may wonder- is Chesapeake the best place to move my family? While the answer to this question is different for everyone, there are many aspects that can help newcomers make the most informed decisions. Are good schools a key factor? How about shopping and entertainment? Close proximity to interstates and being able easily access other parts of Virginia and beyond may be critical in regards to long-term happiness. Determining what is most important to you in your new area is part of the process.
Are you tied of throwing your money away on rent? Considering buying a home or putting your hard-earned money towards another large purchase? Check out some areas where your cash could go instead of paying monthly rent.
Four places your money could go each month instead of paying rent:
Fall can be the ideal time to buy a second home in Hampton Roads. Most vacationers have gone, and some owners of vacation homes have listed their homes for sale. As the weather cools down, second home sales can heat up for buyers looking for deals.
Multifamily real estate can be homes cleverly disguised as investments. These properties are typically duplexes or triplexes but can sometimes even be quadplexes. A duplex characteristically includes two units that share a roof and at least one common wall. Similarly triplexes and quadplexes share some of the same common features and the same lots. It depends on the configuration of the property as to the exact layout of each unit. This type of real estate comes in all shapes and sizes; in metro areas like Hampton Roads, it can be a way to become a homeowner and landlord in one shot.
The Virginia Beach metro area is hopping right now, so anyone looking to invest in real estate can reap rewards. Southeast Virginia is one of the nation's best picks when it comes to flipping homes according to RealtyTrac. This area is well-known as a haven for families, military personnel and professionals. Now investors are becoming part of the local culture too. Whether you're looking to buy a property to live in, flip, vacation in or rent out, you can find the right investment opportunity in our local real estate market.
Now is the perfect time to invest in Virginia Beach real estate. The greater Hampton Roads area continues to grow, as new residents flock to this part of the Commonwealth for it's climate, beaches and economy. This city recently just welcomed a new charter school, Green Run Collegiate, slated to open this September. Neighboring cities like Chesapeake, Norfolk and Portsmouth are experiencing growth too. Wherever you decide to purchase property, there's room for more investors in Hampton Roads.
As buyers continue to snap up houses in this sellers' market, paying cash seems to be a way to not only stand out from the crowd but get the home you want. Bidding wars, builder lotteries and lack of inventory have some buyers wondering what move they should make and in some instances, it can be paying all cash. Even in Hampton Roads, the buyer's market is long gone. Serious sellers are right to look at alternative ways of locking down those dream homes.
When house hunting, one of the factors that can plague buyers is choosing the right size home in Hampton Roads. The best size property may be different for everyone. But when it comes to resale, there are specific parameters that can make homes more desirable than others. While buyers should choose houses based on their needs, they should also keep in mind they may eventually want to resell.
It's not too late! You can still find a vacation home in Virginia Beach before summer. Families seeking long days in the surf and sand can act now for the best selection. There are plenty of properties available near local bodies of water. Owning a second home in Hampton Roads can be excellent for investors. Buyers can collect passive income by renting out their homes when they're not vacationing. Many attractions are located in the region, so owners and their tenants can enjoy all types of activities. The Virginia Aquarium and Marine Science Center, Ocean Breeze Water Park, Motor World and the Oceanfront Boardwalk are some of the favorite haunts of this seaside city.
When you're ready to buy a vacation home in Hampton Roads, there are many options available. Try these top ten spots that keep happy vacationers coming back year after year to their second homes.