Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina - Blog Archive: October, 2017

Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina. Keep up on all the latest happenings and local market information.

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October 2017

There are 8 blog entries for October 2017.

As digital photography has become more accessible, its application for both real estate and rental property has grown. With higher quality cell phone cameras, iPads and inexpensive point-and-shoot equipment, there’s no reason one shouldn’t have a thorough visual record.  However, cameras do not take the photos unassisted, so understanding some basic principles and techniques can make your photography much more effective.

There are three typical situations where rental property should be photographed:

  1. For marketing and display purposes to prospective renters
  2. To record damage from a casualty, such as a storm or fire
  3. To document overall condition for purposes of periodic inspection or tenant move-out 

When taking photographs for

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Once your home’s construction is complete, you might think its move in ready and the whole process is finished. That might not be the case. Because home construction might be the most expensive purchase you make in your life, it’s in your best interest to consider a home warranty.

The Federal Trade Commission (FTC) explains them as, “Warranties for newly built homes generally offer limited coverage on workmanship and materials relating to various components of the home, such as windows, heating, ventilation and air conditioning (HVAC), plumbing, and electrical systems for specific periods. Warranties also typically define how repairs will be made.”

But don’t think of this warranty as something extra to keep track of for your new home. Even

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With everything fall is known for, craft shows shouldn’t be left off the list. We’ve compiled a list of our own, of some of the fall craft shows you should consider checking out. Not only will you get the opportunity to meet some local artisans, but these shows are good for picking up some holiday gifts as well!

Williamsburg

Colonial Heritage Christmas Craft Fair

Colonial Heritage Clubhouse

7015 Statesman

Saturday, Dec. 2, 9 AM-2:30 PM

What a beautiful place to have so many local craftsmen and artists available to help you do some holiday shopping for that someone special (maybe even yourself)! Come by, bring a friend and enjoy a relaxing one‑of‑a‑kind shopping experience.

Newport News

45th Annual Craft Show & Luncheon

First

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Dr. Vinod Agarwal spoke to the TREG agents at the annual special business meeting on Wednesday, Oct. 18, 2017, at Springhill Suites in Norfolk, where he discussed the Hampton Roads economy and a summary of the existing homes market since 2011.

Agarwal is the Director of the Economic Forecasting Project and Professor of Economics at the Strome College of Business at Old Dominion University (ODU) in Norfolk, VA.

According to Agarwal, home inventories have decreased substantially, and the number of homes sold has steadily increased. Mortgage rates continue to be at historic lows, but the median price has increased only slightly. The number of days on the market has also decreased from 102 days in 2011, to 75 days in 2016.

Agarwal covered more

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Properties can age differently based on the quality of materials and workmanship, the tenant move-out process involves a degree of uncertainty. With the advent of low cost, high-quality digital cameras and the relatively good quality of cell phone and tablet images, there’s no reason for property managers not having a visual record of rental property in their care. Good property managers take full advantage of these tools to thoroughly document property condition before, during and after tenancies. 

With a well done move-out inspection, photos and notes in hand, the property manager or landlord compares the move-in condition of the property to what it looks like at move-out. Determining what damages tenants for which are responsible involves an

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With all of the decisions you’re making about your new house, now it’s time to decide on your heating, ventilation and air conditioning (HVAC) system. It’s not just one aspect of it, but instead, as Laura Reynolds put it, “…it is a group of technologies that establish an environment in which you and your family must live for a good portion of each day.”

It seems like a complicated decision to make, involving charts and graphs, all based on the size of your house. But really, that’s not the case. Selecting an HVAC unit that is the right size and efficiency for your needs is vital.

Like with so many options in your new construction home, your builder may have a small selection of HVAC systems with different options for you to choose. Your builder

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Oct. 8-17, 2017 is Fire Prevention Week. During a fire, your family might only have seconds to get safely out of a burning building. That’s why this year’s Fire Prevention Week theme, “Every Second Counts: Plan 2 Ways Out!” is so important. It reinforces why everyone needs to have an escape plan. Here are this year’s key campaign messages:

  • Draw a map of your home by using a grid, in English (PDF) or Spanish (PDF), with all members of your household. Mark two exits from each room and a path to the outside from each exit.
  • Practice your home fire drill twice a year. Conduct one at night and one during the day with everyone in your home, and practice using different ways out.
  • Teach children how to escape on their own in case you can’t help
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Just over a month ago, we posted some ways to support Hurricane Harvey relief efforts. Now, we’re back to talk about Hurricanes Irma and Maria relief efforts.

Watching the news about the destruction can leave people feeling helpless. This article, posted by WVEC Channel 13 in Hampton Roads, remains timely for Irma and Maria donations. TREG has compiled a list of legitimate organizations, which are responding to Hurricanes Irma and Maria, and providing relief.

Hurricane Irma Relief

When Irma made landfall in Florida on Cudjoe Key on Saturday, Sept. 10, it did so as a Category 3 hurricane. The death toll in Florida was 58 people. For just Florida and its residents so far, it’s estimated that 32 state agencies reported spending more than

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