Real Estate Group Blog for Hampton Roads, Williamsburg & N. Carolina - Blog Archive: June, 2018

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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June 2018

There are 4 blog entries for June 2018.

In a perfect world, every homebuyer would get exactly the home they want, in the price range wanted, and it would even be eco-friendly. Sometimes, concessions have to be made. Luckily, being eco-friendly doesn’t have to be one of those concessions.

April will be New Homes Month, and the National Association of Home Builders (NAHB) has shown how new homes increasingly offer the energy-efficient features homebuyers seek. Surveys indicate that efficiency is among the most-wanted features of homebuyers and that builders are responding to this demand.

There is an impact on the environment for every little small thing that we do in our daily life. If we shift towards eco-friendly products, we can contribute to saving our environment. Switching to

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Real estate sales and single family rental markets tend to counterbalance each other.  When the sales market is “soft”, rental homes will usually be in higher demand and market times are shorter as a result.  Conversely, when the sales market is performing well, as it is at the moment, rental properties move more slowly.  Therefore landlords and property managers have to find ways to stimulate interest and be aggressive in their strategy to secure tenants quickly.  In a market like Hampton Roads, where average rent is $1400+ for a quality rental, buying becomes a viable alternative for well qualified prospects.

RENT REDUCTIONS - The low hanging fruit in any effort to get a tenant quickly is aggressive pricing.  Tenants are shopping to get the best

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Because you’re having a new home built for your family, you might think you don’t need to worry about having an inspection done when construction is finished. But now that your house is complete, it’s time for the final walkthrough with your builder.

This walkthrough isn’t meant to “nit-pick” your builder’s work. Instead, it’s a way to make sure your new home meets your expectations, specifications and passes all state safety and legal requirements, before you take possession of it. If it’s not, you can still raise an issue. If you use your final walkthrough to thoroughly inspect your future home, you might avoid costly repairs or extra work on your part further down the road.

Wendy Herndon, of Bradenton Patch, shared a list of the items you’ll want

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The transition from homeowner to landlord can be an arduous one.  Renting a home you purchased for yourself and your family to strangers often becomes an emotional roller coaster.  To compound matters, the process is frequently coupled with the need to secure replacement housing, as in the case of a military move.  Handing off the rental process to a professional to lessen the stress is one reason people hire a property manager.  Whether you do the same or go it alone, there are some fundamental things to understand when you become a landlord which may require a change in mindset.

  1. Do it right - Make sure your property is in good condition.  Perform any needed maintenance and ensure you’re putting your best foot forward with prospective tenants. 
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