Archive | August 2013

Where Do You Want To Be Right Now?

Mount Fuji sunsetIf you could be anywhere right now, where would it be?

I like Mt. Fuji. Great scenery, peaceful setting, perfect location for a retreat. Unplug from the city life, unwind, and reflect on life. That’s where I would want to be.

Tell us where you would like to be.

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City Size And Why It Matters..

You would probably be surprised to know that Orlando, Florida is not a large city. By classification, it is considered to be a medium sized city. Now, you may ask, how do you figure that out? The size of a city is not determined by its square footage or reputation. It is determined by its population. Take a look at the parameters below.

Small City – population < 100,000

Medium City – population > 100,000 but < 1,000,000

Large City – population > 1,000,000

This is why the city of Orlando, Florida is only a medium sized city since its population is only 243,195.  Now you may be saying, “That’s not right, their population is over 1 million people!”. You are thinking of their metropolitan population, which is not included when determining city size. When determining the city size, you only look at the city proper population, which means only the people who live in the actual city. The metropolitan population includes that, but also includes the surrounding areas, which gives us more information than we need.

Why does this all matter in real estate? Well, city size plays a huge part in things like list price, lot size, and sometimes, even amenities and attractions in the area. Large cities, due to the large demand to live there, normally have smaller lot sizes, higher list prices, and usually more attractions and amenities in the area. This is the opposite from a small city, which normally have larger lot sizes, lower prices, and less amenities sometimes. This information is important to know when buying or investing in real estate, because you have to know what you want and the effects it will have on you when you want to sell. Like everyone says, real estate is all about “location, location, location!” That location search will always start with your desired city size!

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How Important Is Homeownership?

prudential homeownership

Courtesy of Prudential Realty

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Student Converts School Bus into Mobile Home and Drives Around Country

TwistedSifter

 

For his final project, graduate architecture student Hank Butitta bought an old school bus on Craigslist for $3,000. 15 weeks and $6,000 of improvements later, Hank and his two friends were ready to embark on a 5,000 mile (8,046 km) journey across the United States.

The 225 sq. ft mobile home features reclaimed gym flooring and dimmable LED lighting. Using the 28 inch wide windows as a modular guide (the aisle is also 28 in. wide), the bus is divided into four primary zones: bathroom, kitchen, seating, and sleeping. The space can be configured in a variety of combinations, depending on need.

At 10 miles per gallon, the school bus is not the most efficient vehicle, but it’s an unforgettable way to travel and one that is sure to bring Hank and the team experiences for a lifetime. Below you will find images of the bus and additional information…

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ALWAYS do your due diligence! Here’s why….

ALWAYS do your due diligence! Here's why....

Always do your due diligence unless you are okay with wasting your money.

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Tim McGraw & Faith Hill Selling Their Tennessee Home

In this video, you will witness a beautiful piece of real estate that is currently on the market. Wouldn’t it be great to be the buyer of Tim McGraw’s & Faith Hill’s home? Bragging rights for sure!

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The Effects of Major City Attractions

When it comes to real estate, one thing that may appeal to homebuyers or investors is a major city attraction.  This could be anything from a theme park or a historical landmark.  Usually these types of cities bring in a high volume of tourists. For instance, Orlando hosts over 80 million tourists each year due to its theme park attractions like Disney World. So what does this mean for the homebuyer or investor?

  • One result of buying a home in this type of city is that the prices will most likely be higher.  This is due to a high number of people looking to buy houses or invest in that area. When demand goes up, so do the prices.

  • Another result is that usually there are a lot of jobs available. When it comes to big attractions, it is common for companies who own these attractions to hire young workers. They could either be seasonal hires or recent college graduates. This means that they will most likely not pay well and the employees will probably not stay very long. With such a high turnover rate, major attractions almost always have job openings! Depending on how much you want to get paid, there is a job opportunity out there.

 

  • The final result that these attractions have is the major boost in the economy that play, which really gives them the power. Since millions of people visit these attractions each year, with them comes their money to shop and eat. This brings thousands and sometimes even millions or billions into a city’s economy. For example, the Pure Michigan effect campaign brought in over 1 billion to the state from tourists in 2011, really helping out a state in debt.

The one thing to remember when moving or investing in a city with a major attraction is to do your research. You want to know the opportunities you have and what effects your purchase will have on your future. Do not take your decision lightly.

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This Is Really A House!

This Is Really A House!

This building is known as The Dancing House, located in Prague, Czech Republic.

Weird structure for sure. It makes me wonder how much a building like that sells for.

What do you think of it? Let us know by posting a comment.

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Where Are We Going? —> emPOWER Project Tour Map

Empower Tour Map

Pending Tour Schedule

Waco, TX @ University HS & Waco HS (Oct 1-4)

Shrevport, LA (October 7-9)

Monroe, LA (October 9-11)

Vicksburg, MS (October 14)

Jackson, MS (October 15-18)

Yazoo City, MS (October 21)

Indianola, MS (October 22)

Clarksdale, MS (October 23)

Tunica, MS (October 24)

Memphis, TN (October 25-31)

Detroit, MI (November 1-8)

Note: Detroit is not shown on the map graphic due to the size of the map.

Your donations will help make it possible. Please contribute @ http://igg.me/at/empower/x/3934879

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Looking To Buy A House?

Looking To Buy A House?

We work with a team of real estate professionals that has homes for sale in various cities (Austin TX, Memphis TN, St. Louis MO, Columbus OH, Detroit MI). Please contact us when you are ready to move forward.

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