Archive | December 2013

Americans Prefer to Live in Mixed-Use, Walkable Commmunities

Househappy

According to the National Association of Realtors 2013 Community Preference Survey 60 percent of people desire living in neighborhoods with a mix of houses, shops and restaurants with parks nearby. The survey done by NAR’s Smart Growth Program aims to shed light on the characteristics that people desire in their neighborhoods and how they rank as most important to least important to them.

The report showed that while many were able to sacrifice the size of their yard to live in a walkable neighborhood and have a shorter commute to work. When it came to owning a detached single family house over an apartment or condominium, most preferred to have a detached single family house even if it required more driving between shops restaurants and a longer commute to work.

Below are some of the most important takeaways from the report:

  • If people could live anywhere, 30 percent would want…

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Detroit Has Many Homes Worth Less Than $10,000

24/7 Wall St.

DetroitThe $10,000 home — rare? Not in Detroit, the largest American city to enter bankruptcy — in its case Chapter 9. Realtor.com lists 515 homes for sale at between $5,000 and $10,000.

Most of these low-priced homes are small, as measured in square footage. Many are fewer than 2,000 square feet in size and have two bedrooms or less. Many also sit on lots that are less than 4,000 square feet — barely large enough for a real yard.

A great many of the cheap homes are clustered well outside the center of downtown, which sits on the Detroit River. There have been some partially successful efforts to rebuild this city center. And the sections of the city between General Motors Co.’s (NYSE: GM) headquarters in the 73 story Renaissance Center and Comerica Park where the Detroit Tigers play, and Ford Field, which is the home of the Detroit Lions…

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The Ultimate Adult Tree House

TwistedSifter

 

Completed in 2011, the treehouse at Camp Wandawega Lake Resort in Elkhorn, Wisconsin is simply amazing. Proprietors Tereasa Surratt & David Hernandez along with a group of very talented and generous friends built this labour of love, located in the center of the property.

Below you will find progress pictures of the construction, the end results and the background story on how the tree house came to serve as a touching tribute to Tereasa’s late father Tom.

Carpentry
• Bladon Conner of Bladon Conner Design Studio
• Shaun Agase and Tyler Peterson of Stone Blitzer
• Steven Teichelman of This is Threefold

Interior
• Angela Finney Hoffman of Post 27 Store
• Tereasa Surratt

 

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“YOUR” Maximum Allowable Offer (MAO)

Rich Dad Education - Real Estate Blog

MAOHow much can you offer for a property?  You must know this number before you make an offer.  You also need to have an idea of what exit strategy you intend to use before you make the offer.

If the MAO (maximum allowable offer) is “X” what is the ARV (after repair value) of the subject property?  What is that number percentage wise?  In order to determine this, you need to know what type of spread wholesale buyers are looking for in your area.  This will vary depending on your market conditions.  Sometimes that percentage needs to be adjusted up or down depending on your market.

For example:

Wholesale buyers in major California markets, New York City or the DC area MAY be buying property at 90 to 95% of FMV as there is a great demand for property.  Retail buyers are paying full asking price and higher for properties…

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What Are You Looking For?

Are you searching for the perfect home? Finding a home can be the hardest task. Looking for a home can be made simple if you are organized and have the proper real estate tools. Once you have decided what you want, be sure to cross off any other style homes off your list of possible options. Once you have made decisions, try not to flop between choices because this can become stressful and conflict with your wants and needs in your future home. If you aren’t sure what you’re looking for, take your time and visit an array of options in order to narrow your search. Different real estate agents and companies have great ideas to help you get started on your house search!

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A Cabin So Small It Doesn’t Even Require A Permit

TwistedSifter

 

In 2010, Finnish designer Robin Falck wanted to build a place he could call his own. While hiking in the woods he found a beautiful location for a cabin. With mandatory military service coming up in less than a year, he knew he didn’t have time to build anything substantial that would require a permit. In Finland, you are allowed to build a small dwelling without a permit if it’s less than 96 – 128 square feet (depending on the location).

After designing the building during the winter months, Robin set out in June to build his cabin using as much locally sourced and recycled material as he could find. All building materials were carried in by hand and it took him two weeks to build. Falck estimates the cost somewhere around $10,500 (not including his own labour).

Robin says the angle and size of the window gives the…

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‘Tis the Season

‘Tis the season for decorating and beautiful light shows! This is a video of some beautiful light displays that you can’t pass up watching! Maybe these homes can help inspire you to get creative with your decorations this holiday season.

 

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Why You Should Buy A Mobile Home

In this video, you will learn about the advantages of buying a mobile home.

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How To Cash Flow With An Investment Property

This video will show you how to invest in your retirement via cash flow by buying an investment property.

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