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One of the biggest questions every condo buyer and home buyer has to ask is, "How much work am I willing to take on?"
Some folks want a turnkey residence. Some folks want a residence in {Location_Name} that has brand new modern appliances and cabinets. Some people want appliances and cabinets that have never been used.
Some people don't mind an older kitchen. Some people like the feel of a kitchen that was put in long ago.
Others like an older kitchen because they like the idea of ripping out the old and putting in the new. It can be very gratify---not to mention financially rewarding---to completely remake a residence. As a homeowner, or condo owner, you are the ultimate authority. It is your domain to decide what will stay and what must go. This can be a lot of fun.
But, remodeling can be a lot of work. Living through the dust and the inconvenience can be a hassle. If you don't know where to turn to, it can also be very expensive. But no matter how you personally resolve the issue, it's important to consider before you actually start shopping. Connect with Nesbitt Realty to learn more about your selections in {Location_Name}.
- Homes for sale in Northern VA -- This our fastest and most comprehensive house hunting tool
Selling a property quickly and at the best price can seem daunting in {Location_Name}. In order to ensure a fast sale, Nesbitt Realty prices our homes competitively. If you overprice, you run the risk of losing out on potential buyers. Your Realtor can help you to make sure that your home is clean, inviting, and in great shape. Our agent can point out where you should spend money and where you can save your money. Of course, a seller wants the home to show in the best possible light, so we recommend deep-cleaning, decluttering, and we'll suggest that you make any necessary repairs. It's best to stage the home with attractive furnishings and décor that complement the space.
[Learn more about selling]
Setting a rental budget
For many renters the most important consideration is how much they are willing to spend on a rental per month. For this reason it should come as no surprise that the first step in the rental process should include establishing a budget. Renters should consider their monthly income and subtract out all of their monthly expenses from this amount. Monthly expenses should include all bills which are paid regularly as well as money spent on food, entertainment and miscellaneous items each month. The renter may also wish to subtract out an additional amount to allow for some savings each month as well as emergencies. The total left after these subtractions is the amount the renter is able to spend on an rental per month. Once this amount is established the renter will have a better understanding of the type of rental they are able to afford. When you know you budget and you're ready to shop for a new home, contact an agent. Rental agents cost the renter nothing and they don't work for one specific building. A rental agent can see all the rentals that are available to make sure that you get the best value for your money. [Learn more]
If you've never used a property manager before, you'll probably want to learn as much as possible about the process and what exactly property managers do. In the broadest sense, here's what all property managers do (or promise to do):
- Collect the rents. Put the rents into an escrow account. Disburse funds to pay bills, income to the landlord and fees to the property management company.
- Keep a record of all money and receipts and furnish that record on a regular basis to the landlord.
- Deal with HOA/COA.
- Manage tenant relations including maintenance requests, late fee notices. Deal with a laundry list of tenant problems: unauthorized guests, unauthorized pets, parking issues, tenant cleanliness, noise violations, neighbor complaints, etc. If necessary we manage the process of prosecuting actions to evict Tenants.
- Ensure compliance with state laws, local ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
- Manage and dispatch handymen as needed.
- Inspect the property at the time of move-in at the time of move-out and from time-to-time during tenancy.