Have amazing rental property !

2Last time, we discussed three good ways to spruce up your rental home or apartment.  Here we go again!  This time, three different great ideas to make your rental property stand out with the renters out there!

Number one, tile that entryway!

After you have replaced your entry door and perhaps its hardware,  what about tiling the entryway floor?  It is the next thing the hopeful renters will see when they enter the space, and especially now, with Spring on its way with rain and mud on everyones feet, consider tiling at least a small area in the entry.  It  helps the rental flooring by giving visitors a “staging area” for leaving wet or muddy shoes or boots.  In addition, adding some decorative tile will add tons of character to your rental, character that other rentals lack.  This, in turn, will make your property stand apart from others the renter may be considering.

Number two, paint the trim!

Sometimes, if you have updated the interior paint recently, all you need to do to make it look bright and new again is to paint the trim.  It is amazing what a coat of contrasting but harmonizing trim paint will do to refresh your property.  Also, paint colors go in and out of favor and you want your paint color to reflect a current trend.  However, remember, you want your space to appeal to a wide variety of potential tenants, so don’t go too crazy with either wall color or trim color!

Number three, what about a new mailbox?

How does that mailbox on your rental home look these days?  Has it seen its share of use, is it looking tired?  Well, if that is the case, replace it!  Mailboxes are readily available, come in a variety of colors, shapes, and sizes, are inexpensive, and will make an immediate statement to potential tenants.   Again, choose one that compliments your rental home and will be appealing to anyone.

In conclusion, use the easy inexpensive tips and get that rental rented!

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Great Spring rental ideas

door1Well, it looks like Spring is finally making an appearance here and people are finally going outside and moving around.  They will be looking for homes and apartments to rent. The last time you  updated  your rental property was when?  Use these three tips for easy cost-effective updates that will bring you a great return!

One: Install a new outside door

The first thing a potential renter will see about your property is the front door.  The first impression will not be great if the door looks old and worn out.  To change the front door is easy, inexpensive, and a great way to make your property more appealing to renters.  Also,  you can easily replace the door hardware if it is worn out.  Remember, the color and style that you choose will say volumes about what is inside.  Choose the right color and hardware and your rental will really stand out at first look.

Second, paint that interior!

When was the last time that you painted the interior of your rental ?  If it’s been a few years, it is a wonder what a fresh coat of paint will do to spruce up your rental and give the space a new feel.  We have discussed paint colors in the past, but new fresh paint gives an excellent financial return.

Third, that shower curtain!

When did you replace that shower curtain in your rental home last?   Don’t remember?  not good. Does it match the bathroom paint?  Is it clean and fresh?  If the answer to any of these questions is no, you need to replace the shower curtain.  Shower curtains are very affordable.  In addition, they come in an endless variety of colors and styles, are easy to install and will make a world of difference to the appearance of your bathroom.

In conclusion, it’s time to do those small inexpensive updates that will make your rental  the one to love!

 

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Coeur d’Alene Real Estate for First-Time Buyers

So you’ve heard great things about real estate investments in Coeur d’Alene, ID, and you’re ready to grab your piece of the pie, but you’re not sure where to even begin. No worries! There are several insider-tips that will shorten your real estate search time and help you search more efficiently. Here are a few thoughts from a local real estate investor that will help get you started.

  1. It’s not what you know, it’s who you know. The most successful realtors in the Coeur d’Alene area are its locals – people born and bred in or near Coeur d’Alene who know the area, understand the housing market trends backward and forwards, and who are well connected through local family, friends, and colleagues. The best way to gain information about the best real estate investments in Coeur d’Alene, or at least within the borders of Kootenai County, is by connecting with local individuals and investment companies who have experience in real estate investments in those specific areas. Talk to friends and family members of your own who live in the area. Even if they haven’t done any real estate investing in a while, chances are they know someone who has. The people who were born and raised in Kootenai County stay very connected to their friends and neighbors, and everyone always knows someone.
  1. Do your research. There’s really no such thing as a bad real estate investment within the Coeur d’Alene city limits. Even if you purchase a foreclosure sight unseen and it turns out the house is sitting on pilings, is rotting from the inside, and is literally only worth the experience you’ll give the local firefighters when you burn it to the ground (after checking with the local fire department, of course), that piece of property is still worth its weight in gold and anything you build on it will only increase its value. This is especially true if the investment property has access to or a view of the lake, or is within a short distance of Downtown Coeur d’Alene. So again, do your research. Oftentimes, at least in Coeur d’Alene, it’s not so much the house or building that’s the investment as it is the location and the land.
  1. Spend some concentrated time in the area, if you can. Did you vacation in Coeur d’Alene during its beautiful summer months? Try a couple weeks there during the winter. Talk to friends and family about what living in Coeur d’Alene is like during the off-season, how the tourist industry affects their lives or businesses, and if they own or know someone who owns an investment property, how does the changing of the seasons affect their investments?

It’s unlikely you’ll know or meet anyone who regrets moving to Coeur d’Alene from anywhere else. Everyone who lives here loves living here, and you will, too.

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Spring vegetable garden time is here!

vWe thought it would never come, and maybe it still won’t, but we are hoping that Spring will eventually arrive.  When it does, we want you to be ready to garden!

What grows in Coeur d’Alene anyway?

Well, according to the USDA,  Coeur d’Alene is zone 6.  This means that we can grow plants that can stand temperatures down to -10 or so.  With that in mind, what does that really mean?

Start plants indoors!

There are some types of hardy vegetables that can stand up to the uncertain weather that we all know as Spring.  Among these are, spinach, peas, lettuce, and the cauliflower family.  Tomatoes and  peppers love hot days and warm nights, and really need to be started inside where the temperature is more moderate and there is no threat of freezing.  You can start them either by seed or by seedling.  Usually, these can be purchased at the local nursery or at the home hardware outlet such as Home Depot or Lowes.  To start them, you will need some sort of pot, soil, and either seeds or seedlings.  Add sunlight and some water, and by the time the weather becomes more stable, you should be well on your way to Summer produce.

Usually by May, again according to the USDA, the threat of frost should be over.  It will be safe to transplant those vegetables outside.  If you have doubts about the threat of frost being a thing of the past, there is a formula that you can download from our now good buddy authority, the USDA to calculate the last frost date.   https://www.usda.gov/

If you are skeptical of the government’s ability to accurately calculate the last frost date, another resource is available.  The “Old Farmer’s Almanac” publishes such information as well.  Take your pick!  http://www.almanac.com

Either way, now is a great time to plan and start your vegetable garden, so get going!

 

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Investing In Real Estate: What You Should Know

Investing In Real Estate: What You Should Know

Are you wanting to invest in real estate? Perhaps you just want to learn more about the market. Whether you are a novice or already have experience, this article can help. Here are some great tips to help you get started. After reading it, you should be more comfortable with real estate.

Go into the meetings that you have with potential investors with a positive mindset, but understand that a negative outcome is possible. Always have a jovial, but businesslike personality to get the people who want to invest to like you. This will go a long way and make your potential investors more comfortable.

Know the local real estate market. Rent and mortgages in the local neighborhood can give you a much better feel of the value of a house than financial statements. Once you’ve got the ground level knowledge, your decisions will be all the wiser.

Keep with a specific niche that you like. It’s simple to get success when you’re doing investing if you’re able to stay focused on a certain market. Whether you’re buying and selling homes, only working with starters, or dealing in properties that cost low in the down payment department, stick with the things you are familiar with.

Be careful about choosing properties with strange room layouts. You may personally find it interesting, but many people don’t like these strangely developed properties. They can be extremely hard sells. Picking one up without a potential buyer in mind can lead to it sitting in your inventory for months, if not years.

Practice good bookkeeping. Some people have good intentions, but you don’t want to fall behind with bookkeeping at any point. Your focus may be on other aspects of your investment. Keeping records well is very important, however. Future disaster can be averted if you start practicing good bookkeeping habits early on.

Invest in properties in the same area. This way you don’t have to spend a bunch of gas and time to travel between your properties. Not only will it save you some time, you can become much more knowledge about that specific location.

Find a Realtor you can trust. A Realtor can be a real ally when you are searching for investment properties. He can help you to negotiate great deals and make the entire buying process easier. Take the time to interview several Realtors, and make your final choice an important part of your team.

Always seek out the pro’s before you leap. Before bidding on a property, talk to an experienced real estate professional. You have a few options as it could be another investor, an agent or someone who appraises properties. These experts will assist in your decision making.

Make being on time a priority. Other people’s time is just as valuable as yours, whether the person in question is another investor, a contractor or an agent. If you respect their time, they will often respect you as a person and a business associate. As a result, you could create lasting relationships that benefit your end goals.

To make sure you buy a good piece of real estate, find out what similar properties have sold for. This will give you a good idea of whether a property you’re considering is worth the price you’re about to pay for it. There are public databases about recent sales, or you can ask a real estate agent to help.

Many people enjoy profits from investing in the real estate market. You can be one of them. Use the suggestions you just read to help you get started. Knowing about it beforehand can simplify the process for you. In no time, you will discover that the market has something great for you.

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