3 Reasons to Live in Coeur d’Alene

Considering a move to Coeur d’Alene, ID? There are a lot of great reasons to put down roots in this beautiful lake town. Aside from the fact that it is indeed a beautiful lake town, anyway. Whether you vacationed here and fell in love with the area or are looking for relocation options for a change of pace, here are just a few reasons Coeur d’Alene real estate is worth its weight in gold.

 

  • The Lake. This may seem like a no-brainer, but any piece of property worth investing in grows exponentially when it’s situated on or near a lake, and there are few places within the continental US where this is truer than on Lake Coeur d’Alene. Surrounded on all sides by rolling mountains and bordered on the northernmost end by scenic downtown Coeur d’Alene, this lake has been rated one of the clearest and cleanest lakes in the US. With over 100 miles of shoreline, you can be sure there’s plenty of room for all to enjoy its beaches and water recreation.

 

  • The Town. If you want to get that rural hometown feel without sacrificing the downtown scene, Coeur d’Alene is the place for you. Here you’ll find properties that give you the luxury of a spacious home and yard with excellent parks and schools nearby. You’ll still live just a brief drive or walk from some of the best restaurants and bars in town along Coeur d’Alene’s bustling Sherman Ave., which is just a block from the lake shore. And the best part is, there’s really no bad part of town. Any real estate you consider investing in within the city limits is going to be a good investment because there are no dangerous of less desirable neighborhoods to live.

 

  • The Big City. It’s cliche, I know, but location really is the key here. If points #1 and #2 make Coeur d’Alene seem a little too quaint and peaceful, don’t panic. Do you like buildings that rise a little higher and a nightlife that boasts a little more excitement? Spokane is just an easy half-hour drive due West of the Idaho/Washington state line. Still not enough? No problem! If you’re up for a short road trip (or an even shorter flight out of the Spokane Airport), the glittering, towering city of Seattle is close enough for an easy weekend getaway. All without breaking the bank or traveling across the country. Spend your work week in the relative quiet of rural Coeur d’Alene and then party all weekend in the big city. Or vice versa! Work in the big city and spend your weekend relaxing on Coeur d’Alene’s beautiful lake shore.

There’s never been a better time to invest in real estate in Coeur d’Alene, ID. The housing market continues to grow every year, so your property investment will only gain in appreciation from the moment you invest onward. So what are you waiting for?

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Everyone Dreams of a Summer Home

The dream home. Everybody has one. Whether it’s a rustic cabin in the woods, an ultra-modern condo in the city, or an open-air beach house, everybody has that one type of home that they can see themselves being completely happy in. For me, it was always a cozy lake house on Lake Coeur d’Alene. If you’re not familiar with Lake Coeur d’Alene, or perhaps you’ve heard of it and seen a few photos, I highly recommend adding this beautiful town to your summer vacation destination list. The lively downtown scene is just a stone’s throw from the lake, with a sprawling public beach and a favorite local haunt, Tubbs Hill, famous for its lakeside hiking trails. With over 100 miles of natural shoreline, Lake Coeur d’Alene boasts some of the most pristine lake cabin spots in the Pacific Northwest. Whether you live there year-round or only visit during the summers, the possibilities are endless when it comes to real estate along the lake.

Intrigued yet? Not sure where to start? If, like me, you’ve found yourself fantasizing about waking up to watch the sun rise over pristine blue waters or walking out your back door to jump right into the lake, then here are a few tips to get you started on your search for your dream home.

 

  • Know what you’re looking for. Before you even begin your search, it’s good to have a few parameters to help you narrow in on that perfect piece of lakeside real estate. What is your overall budget? What kind of borrowing power do you have (i.e. how good is your credit, and is it good enough to help you qualify for a home loan)? Once you’ve determined those things, you can realistically figure out what types of real estate are available to you, the size and style of housing options you have…etc.

 

  • Check local listings. This can be done the old fashioned way by browsing the local newspapers, or by looking up local real estate ads and agencies online. You can even call a few different real estate agencies and speak with an agent about the current housing market trends, what you’re looking for, and what’s available.

 

  • Use real estate apps like Zillow and Trulia. This will allow you to search using custom filters and geographical locations. You can also use these websites to set up email or text alerts whenever real estate within your search parameters comes up for sale. Use generic search keywords like “Coeur D Alene real estate listings” or “Coeur D Alene real estate for sale” and then use the map tool to find real estate investment opportunities in the locations you want. Once you’ve narrowed it down to a handful of properties, contact the realtor or owner and set up a time to actually go out and tour the property.

Remember, be patient. Finding the perfect piece of investment property, especially on Lake Coeur d’Alene, is going to take careful planning, time, and energy. If you’ve already been looking for a while and still haven’t found that perfect lake house you’ve always dreamt of, just wait. Be patient. If you rush into an investment, it may prove to be more of a nightmare than a dream home. But if you wait and watch, you will eventually find that dream home you’ve always wanted at just the right price for you.

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Getting Started In Real Estate Investing

Getting Started In Real Estate Investing

Everyone wants to invest wisely to get great returns. However, too many people go into investing without fully understanding and applying good investment strategy. When they do this, they risk losing a lot of money. Avoid letting this happen to you. Read this article to learn more about how to be a smart investor.

Make sure that you create a game plan for what you desire to accomplish. Figure out how much time the process will take and if it will be worth your while. When you have developed a plan, meet with the necessary parties to discuss the deal that you want to achieve.

Make sure that you set realistic goals based on the budget that you have. You should not set a goal to buy ten houses in the span of a month if you only have a hundred thousand dollars to your name. Set reasonable expectations to avoid setbacks at all costs.

Make sure you have a budget when you invest in real estate that includes how much you’re going to have to pay to fix the home you’re buying up. You don’t want to blow all of your money on getting real estate just to find out that you can’t afford to fix it up.

If you purchase a property and need to make repairs, be wary of any contractors who ask for money in advance. You should not have to pay before the work is done, and if you do, you run the risk of getting ripped off. At the very least, never pay the full amount ahead of time.

When purchasing an investment property, it is a good idea to have an affordable handyman at your disposal. If not, you might find your profits are eroded by having to pay for pricey repairs. A reliable handyman is great for tenant issues that may arise during the day or night.

Figure out what your time is worth when investing. It may be enjoyable to fix up interesting properties; however, you must consider the value of your time. Or, are you better off handing off the work and spending your time hunting new opportunities? Whatever you can outsource, do it. It’s worth freeing up your time for the more important aspects of your business.

When considering what real estate to purchase, the word “location” should come to mind. However, many people forget to think about all the concerns that are factored into “location.” Find out all the information you can about the neighborhood, such as surrounding home values, crime rates, schools, employment and more.

If you have an investment property, one of the most important things to have is an emergency fund for unexpected repairs or emergencies that might come up on the property. One way you can do this is by putting aside some of the monthly rental money you collect for this purpose.

Be careful not to totally leverage yourself during a real estate deal. You must make wise choices that allow you to retain cash reserves for emergency needs. If you don’t do this, you may fail in the future.

Know what the laws and regulations in your zoning area are. Local regulations can vary from place to place, so it is important to know these rules ahead of time. Get in contact with officials to make sure you’re completely aware of anything you might need to know before making an investment.

Investing is not a way to gamble your money. You invest based on sound information and a clear head. You work hard to earn your money, and you would not want risk it on any investment that you do not understand. Therefore, continue learning about investing, and you will realize great returns.

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Learn About Investing

Learn About Investing

A lot of people wish to learn about investing, but they don’t know where to turn first. This is why this guide has been put together. In it you’re going to find some information out about investing. Don’t let this knowledge go to waste and take your time to learn these facts.

Be wary of any prospective tenant who tries to negotiate the rent. While he or she may just be a savvy businessperson, they could also be in a financial bind. Ask a few more questions and be careful about signing a contract with them. You may find yourself constantly fighting to get your monthly payment on time.

Consider building up a real estate rental portfolio that can continue to provide you with consistent profit for retirement purposes. While purchasing homes to sell for profit is still possible, it is less of a reality in today’s world than it has been in the past. Building up rental income by purchasing the right properties is trending vs flipping homes due to the current housing market.

You never want your investments in real estate to start draining your liquid cash reserve. Investing in real estate requires a lot of money that may be inaccessible for years. You don’t want to mess up your daily life by tying up the wrong funds.

Always have a plan for your investments. What is your end goal? How are you going to achieve that? Are you in this by yourself or do you have any partners? Do you have the capital necessary to accomplish your goals or do you have a way to get it? It is important to spend time creating your plan that you know what direction you are going in.

Lean the basics of bookkeeping. This will help you to keep things as organized as possible. There are many things to think about. But top accounting practices are critical. You can stave off serious concerns down the road if you take care of your books from the start.

Do not get involved with real estate investments without sufficient capital. Place money aside to pay for minor repairs. Another reason it is important to have reserve cash is in case you aren’t able to rent your property right away. There are still expenses, even if no one lives there.

Always consider the market if you are looking to buy property to turn around and resell it. It can be risky to invest in a market that is flooded with available properties. You don’t want to be stuck with something that you have to sell at little or no profit. Understand that you may have to wait to get the best price so make sure you can do that.

Speak with friends, family or schoolmates who have knowledge about the business and pick their brains. This can be a free source of information that can help you to develop the best possible strategy for your budget and skill level. Gaining more knowledge is imperative in this business to gain an edge.

When thinking about how much money you can make off a property, make sure you understand what repairs will be required. If you’re planning on selling a property, the repairs will need to be completed prior to the sale. If you’re going to rent your property, you also need to figure in the cost of maintenance. Try to keep your budget realistic to avoid any unpleasant surprises.

As you can see, there are a lot of things here you probably didn’t know about investing. Since this has to do with your money, you need to be sure you take your time with it. In the end you’ll be glad you did when you start to see your investments pay off for you.

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Summer is here! Vacation time!

Finally, Summer is here, and it is vacation time!  Whether you have two weeks or just two days, here in North Idaho, we have some great suggestions for you!  Read on for inspiration!

 First, Silverwood Theme Park vacation

Located in nearby Athol Idaho.  If you and you family enjoy great theme parks, this is the place for you for a weekend.  As well as rollercoasters, the park offers a water park.  The water park features slides and pools to cool you down during the hottest part of the day.  They also offer RV spaces.  In addition, there is available lodging in Coeur d’Alene, Spokane, and Post Falls.  They  offer specials because they partner with the park.  Ticket prices are good, and the kids will love it!

Second, Coeur d’Alene Resort

The resort is a great weekend destination for so many reasons, but always for it’s natural beauty and proximity to the lake.  Along with that, they have a world-class golf course featuring the famous floating green to test your game.  As well as golf, they offer a variety of lake cruises and many packages which give you a variety of choices.  Some cruises even include a meal.  Coeur d’ Alene is a vibrant fun city to visit any time, and the hotel offers deluxe accommodations and an amazing location.  Check it out!

Third, Camping in Coeur d’Alene

If you love camping and a weekend is all the time you can spare, look no further than Coeur d’ Alene! There are loads of campgrounds and RV parks in and around Coeur d’Alene.  Go online, you are sure to find just what you are looking for, whether you are in an RV, a tent, or want a cabin.  This area is beautiful any time of the year, so get out and enjoy your weekend off!

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