With the beginning of every new year comes new home fashion trends and home technology trends that urge you to remodel and renovate. But who’s to say what’s in and what’s out for 2017? Remodeling can be costly, and you want to make sure that whatever you’re renovating will increase the value of your home. If you’re looking into buying a renovated home, selling your old one, or remodeling your current one, make sure to check out these new changes. [Read more…]
Selling a house can be a time-consuming process. Depending on the market, it can take some time before you get an interested buyer. A great alternative to selling is to turn your home into an investment property. Sprucing up the place and making some modifications can add value to your home and make it an attractive option for those looking to rent a place. It can also be a great way to earn extra income while remaining noncommittal – you can decide to sell it later, or even keep it if you changed your mind. Here we give you some of our tips to turn your home into a profitable rental property. [Read more…]
Having to paint your home interior with the goal of selling it quickly in mind can make choosing a paint color very stressful. Most real estate professionals recommend painting your home neutral colors so that potential buyers aren’t turned off by any jarring colors that may suit your tastes but not theirs. So what color do you paint your home? Here are some safe options that will allow you to remain creative without lowering the value of your house! [Read more…]
Renovating parts of your home should be done in intervals so that you don’t get overwhelmed and you have time to save money. No one should have to go into debt over improving their home, so the key is to change the little things that will make big differences over time. Imagine that your home is a like a piggy bank and that you need to keep adding change to it over time. Freshening up parts of your home to look brighter, more organized, or roomier will add value to your property. Renovating for profit is an easy way to make the changes made in your house to feel more impact, so here are the top four tips we have to offer on what you should focus on renovating first:
In Arizona, having a pool is almost a must for most people. With the intense heat of summers and the temptation of having pool parties for your kids or friends, why wouldn’t you want a pool in your backyard? Firstly, pool costs are not within a lot of people’s budgets. The process of building, installing, and maintaining a pool may also be too much work for a busy homeowner. But there are plenty of perks that come with having a pool that balance out that cost, such as when it comes to investing in your property. Here’s why building a pool would be a great benefit to your home:
Home Staging in Phoenix AZ requires a lot more effort than one would expect. Depending on what city you’re in, there are different expectations for how your house should be staged during open houses or for photos. The Phoenix Real Estate Market is fickle and diverse. If the neighborhood you’re in is surrounded by other expensive houses or live in a city that has high education and income levels, you’ll want to make sure that your home is decorated appropriately. Here’s the best way to set up a great open house without breaking the bank: [Read more…]
Return of investment (ROI) and cash flow are key terms you will hear a lot amongst property investors. If you’re serious about buying a second home to turn into a rental, it’s best to know the truth: the stakes are high, but the profits could be higher. There’s a large amount of daunting work to be done for the the first-time investor. Buying property is a business that has it’s ups and downs, but with C21 Northwest by your side, we can eliminate pitfalls before you come to them! Here is our list of the best things to consider before investing in an income property in the Phoenix area.
- Am I financially ready?
You have to be honest with yourself and your accountant about the amount of money available for you to invest with. Ask yourself the tough questions like, Will I have my current job for the next five years? Do I need to consider large outside expenses such as college tuition payments, car payments, or medical fees? How much can I afford to lose for the few months that the property is not rented? We recommend creating a document with every possible income and expense for the next five years- including the cost of this new Phoenix property. Give this Investment Property Calculator from GoodMortgage.com a try. Always keep in mind that it always costs more than you think to invest in a property. [Read more…]
If you’ve been in the game as long as we have, you know that real estate investment is not a hobby, but a business. Landlords must treat each potential rental property and tenants like they are providing a service to a customer. Successful investors know that the higher the landlord’s organization over his or her properties, the greater the profits (and the happier the tenants!). The Century 21 Northwest Realty and Property Management team has assembled a list of Do’s and Don’ts for landlords. Our experience as the leading property management company in the Phoenix metro area has led us to know what works and what doesn’t when it comes to renting a home! [Read more…]
Spring is here, and that means you are spending a lot more time outside the walls of your Phoenix home! The sun is shining, the birds are singing, it is 115 degrees fahrenheit, and nothing can ruin this for you… wait, 115 degrees? We have been around the Valley for over 35 years. We get it. As a homeowner, you want to be able to enjoy the comforts of your backyard without the heat of summer ruining it for you! Luckily, Century 21 is here with a few helpful ideas on how to begin to fully enjoy your backyard by revitalizing your porch or deck. After making these changes, you will be able to enjoy summer again (without melting) from the comfort of your new space! [Read more…]
As the home rental market expands with younger generations renting more than buying homes, Century 21 Northwest wants to remind you of three simple maintenance check-ups that will help you ensure that your investment is protected. As always, our property managers will ensure that your landlord-tenant relationships continue to go as smoothly and efficiently as possible! [Read more…]