Basics of Property Management: Screening Potential Tenants
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Three Key Points To Selling Your Home Quickly
If you are looking to put your home on the market, you don't need to feel like you have to do a major home makeover in order to get your money's worth. In fact, if you put thousands of dollars into updating your home, you are not likely to get your money back. Instead, you need to focus your energy on what is necessary to attract buyers before you tell an agent to sell my house.
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Transform Your Laundry Room To Make Your House For Sale More Appealing
It's a common approach to upgrade your bathrooms and kitchen before you list your house for sale, but it's always a good idea to take stock of which other rooms could use a facelift, too. In many houses, a room that can get lost in the shuffle is the laundry room. Although prospective buyers are probably unlikely to be solely influenced in their decision by the look of the laundry room, making it look more appealing can be a useful selling technique.
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Building Your Own New Home? 4 Upgrades That Will Increase Its Resale Value
When it comes to designing your own home, you've got to consider the potential resale value – even if you plan on living in your home for many years. Failing to plan for a future sale, could put you at a disadvantage should you ever put your home on the market. Now that you're designing your home, make sure it has the highest resale potential. Here are four simple steps you can take to improve your homes resale value.
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Tips For Preparing Your Home To Be Listed For Sale
You do not want to wait until after you have signed papers to have your home listed for sale. This is because you will want to give yourself the best shot at quickly selling your home and for the most money possible right from the start. Hire A Landscaper To Improve The Look Of Your Property This is not to say that you're going to have to continue to work with a landscaper every week.
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Price Your Home A Little Higher If It Has These Features
One of the most important parts about listing your home for sale is determining exactly how much its listing price will be. To come up with this number, your real estate agent will conduct a thorough market analysis. This process will reveal what other homes in your neighborhood have sold for, as well as the sale price of homes with comparable features outside your neighborhood. In some cases, you'll want to price your home based on this analysis — but in other cases, you'll want to discuss some features related to your home that could allow you to price the home a little higher and still sell it quickly.
For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.