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Preferred Properties of Texas

The Preferred way to buy & sell real estate for you

Want to be a landlord?

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Some people believe that real estate is the best way to build long-term wealth. It’s possible that this is true, but it doesn’t mean you should buy a bunch rental properties and wait for the rent to come in. If you’re curious, let’s take a look at some things you might not have considered.

First, you should know that a rental property will require a higher down payment than if it were your primary residence or a beach house. You can expect to pay at least 20% down for most programs, and slightly higher rates, when you buy an investment property.

Why are these loans slightly more expensive? Lenders have calculated the risk associated with renting and determined that if your financial path suddenly hits a few speedbump, the rental property will be the first to be sold compared to your home.

If you don’t own a house, it may be difficult to find financing for a rental. First-time homebuyers are not a good match for rental properties. You should buy a primary home first and then let the lenders know your track record for on-time payments over a period of two years before you consider investing.

It is also important to consider whether you can use your new rental income as a way to pay off or even cover the entire cost of your new mortgage, insurance and taxes. Although many real estate investors say this is a very important consideration, you shouldn’t expect the lender to use the new rental income in order to qualify you for a new home loan. The two-year rule applies again. Lenders will want to know that you can manage not only the new mortgage, but also the tenants and maintenance concerns. You’ll have to show that you can do this.

Once you’ve established a track record, lenders will use your rental income to offset any new payments. This is where the wealth begins to build. You can buy and finance your second, third, or fourth rental using the new rental income.

Finally, over time, real estate values do in fact appreciate. There will be bumps along the way, but over the long term real estate values add to your wealth profile. Real estate can help people build wealth over time. You just need to be aware of what to expect.

Original Blog: https://realtytimes.com/mortgage-advices/item/1047307-wanna-be-a-landlord?rtmpage=null

Discover the Potential of 326 Acres in Palo Pinto Hills

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Are you yearning for a piece of land that offers both natural beauty and potential for various endeavors? Look no further than this 326-acre property nestled in the heart of the Palo Pinto hills, just off I-20. This captivating property is more than just a piece of land; it’s a canvas of opportunities waiting for you to paint your dreams upon.

A Thriving Cut Stone Quarry with Endless Possibilities

Currently an active cut stone quarry, this property boasts a rich deposit of high-quality sandstone rock—a prized material in both construction and landscaping. With all the necessary permits and licenses in place, the operation can seamlessly transition to its new owner, ensuring a smooth continuation of business. If equipment is required, it’s available for separate purchase, streamlining the process and facilitating a seamless transition.

Nature’s Beauty at Your Doorstep

But there’s more to this property than its industrial potential. The Palo Pinto Hills offer a mesmerizing backdrop of rolling hilltops that gently undulate into the horizon. These hills grant you awe-inspiring views of the surrounding countryside, serving as a constant reminder of the natural wonders that envelope this land.

The property itself is a harmonious blend of woodland and verdant meadows. A mixture of hardwoods and pines creates a captivating tapestry of foliage that changes with the seasons. Throughout the property, you’ll find several small wet weather creeks meandering through, adding not only charm but also providing essential habitats for a variety of wildlife.

Endless Opportunities for Recreation and Relaxation

Imagine spending your weekends indulging in the joys of the great outdoors. This property is an oasis for those seeking adventure and relaxation alike. Whether you’re an avid hunter, a fishing enthusiast, or simply someone who craves the tranquility of camping beneath the star-studded Texas skies, this land can cater to your desires.

Additionally, if you’ve ever dreamed of building your own haven away from the hustle and bustle of city life, the stunning hilltop views offer the perfect canvas for crafting your dream home. Every day could begin and end with the breathtaking panorama of the Palo Pinto Hills as your backdrop.

Embrace Your Dreams in Palo Pinto Hills

The 326-acre property in the Palo Pinto hills presents an incredible opportunity to own a piece of land that’s not only functional but also teeming with natural beauty. From its thriving cut stone quarry to its rolling hills and tranquil creeks, this property is a playground for those with vision and an appreciation for the great outdoors. Whether you’re looking to invest in a prosperous business venture or to create your personal haven, this land welcomes you with open arms.

Don’t miss out on the chance to own this slice of Texas paradise. Contact us today to explore the potential that awaits you in the Palo Pinto hills. We have tons of amazing new pictures to check out on our website! https://www.preferredpropertiestx.com/homes-for-sale-details/2141-BLUE-FLAT-ROAD-GORDON-TX-76453/20331513/51/

Case Horton

Case Horton

Owner/Broker

254.977.3762

Email Case

Top 10 Places to Buy a Vacation Home

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A new analysis shows that investment properties in beachside communities have the highest potential ROI. Here are the top hotspots for investment this year.

Vacation homes are a great investment for real estate investors. A short-term rental on the beach is a good option. Vacasa, an online vacation rental platform, has recently released its annual list of the top places to purchase a vacation home (link is external) based on capitalization rates or the rate of return.

According to Vacasa, which analyzed home sales and vacation rental data for the past 12 months, Lake Anna, Va. held the top spot in the 2023 rankings of the best places to buy a vacation house. Lake Anna, with a median sale of $405,500 and a cap rate 10.32%, is the highest vacation hotspot on the list.

Here are the top markets on Vacasa’s list of best places to purchase a vacation property in 2023.

1. Lake Anna, Va.
Cap rate: 10.32%
Average gross rental revenue: $64,121
Median sale price: $405,500

2. Okaloosa Island, Fla.
Cap rate: 9.08%
Average gross rental revenue: $53,832
Median sale price: $360,000

3. Sandbridge, Va.
Cap rate: 6.47%
Average gross rental revenue: $88,702
Median sale price: $928,900

4. Rehoboth Beach, Del.
Cap rate: 6.46%
Average gross rental revenue: $58,992
Median sale price: $618,000

5. Navarre, Fla.
Cap rate: 6.42%
Average gross rental revenue: $47,531
Median sale price: $420,000

6. Gulf Shores, Ala.
Cap rate: 6.09%
Average gross rental revenue: $48,169
Median sale price: $475,000

7. Palm Coast, Fla.
Cap rate: 5.69%
Average gross rental revenue: $38,212
Median sale price: $360,000

8. Corolla, N.C.
Cap rate: 5.47%
Average gross rental revenue: $80,423
Median sale price: $927,500

9. Nags Head, N.C.
Cap rate: 5.45%
Average gross rental revenue: $53,939
Median sale price: $615,500

10. Rockaway Beach, Ore.
Cap rate: 5.23%
Average gross rental revenue: $37,030
Median sale price: $340,000

Your dream vacation property is just a call away. Contact Preferred Properties of Texas today and let us help you find the haven you’ve been searching for. It’s time to turn your vacation dreams into cherished memories.

Original Blog: https://www.nar.realtor/magazine/real-estate-news/top-10-places-to-buy-a-vacation-home?utm_term=23EF8E9A-359A-444F-9FB8-E57C0EFE2ABA&utm_campaign=3BFA9068-DFBC-477B-BC94-C168B9A999F1&nwsltr=navnar&utm_content=7BDD191D-1B14-4B44-BBA7-543582CC5172

Rural Retreat: A Tranquil Slice of Country Living Near Stephenville

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Are you yearning for a peaceful escape from the hustle and bustle of city life? Look no further than this enchanting property located just 2.5 miles away from Stephenville. Nestled on a spacious 1.5-acre lot, this brick home offers the perfect blend of rustic charm and modern conveniences. Surrounded by the beauty of nature, with majestic red oaks and bountiful pecan trees, this property is a true sanctuary.

A prominent feature of this property is the 40×50 foot metal workshop, a haven for hobbyists and artisans. With 220 volts of power and an abundance of shelving, this workshop is a blank canvas for your creative endeavors. Covered parking for your RV or boat provides both protection and convenience, ensuring that your adventurous spirit is well-catered to.

Pet owners will be delighted by the well-thought-out dog kennel setup, allowing your furry friends a safe and comfortable environment. Green thumbs will find solace in the fenced garden, complete with its own water source and fruit trees that promise a bountiful harvest.

The heart of this charming home is its spacious family area, featuring a warm brick fireplace that beckons cozy evenings spent in front of the fire. An adjacent open formal dining room provides an elegant space for hosting gatherings and special occasions. The galley kitchen is a chef’s delight, boasting ample cabinet space and top-notch built-in appliances. A bright breakfast nook adds a touch of charm, making morning meals a delightful affair.

Practicality meets style in the large utility room, which offers shelving, storage, and room for an additional fridge or freezer. The split bedroom arrangement ensures privacy and comfort for everyone. The generously sized primary bedroom is a true retreat, offering a walk-in closet and an en-suite bathroom with double vanities and a walk-in shower. Two additional bedrooms share a thoughtfully designed bathroom with a tub and shower combination.

This home is brimming with amenities that go beyond the ordinary. Every corner reflects the care and attention poured into making it a haven of comfort and tranquility. Don’t let this remarkable opportunity slip through your fingers. Schedule a viewing today to witness firsthand this countryside gem that seamlessly blends the wonders of nature with modern living. Your dream retreat awaits; make it a reality today. https://www.preferredpropertiestx.com/listings/new-listing-in-stephenville-texas/

Phyllis Tate- Real Estate Agent

Phyllis Tate

phyllist@preferredpropertiestx.com

254-977-4244

Email Phyllis

It’s a DIY World out There. Are You Game?

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Homeowners are increasingly looking to save money and gain valuable experience by performing their own home repairs and renovations. When do you know whether a project is DIY worthy or DIY crazy?

We look at five of the most popular DIY projects to see if you can do it yourself or if you should leave it to the professionals.

New Floors

The cost of installing new wood floors varies widely and is heavily dependent on the price of the product. HomeAdvisor estimates that installation costs $3-8 per square feet. You can save thousands of dollars by installing the floor yourself, but this can be difficult.

Today’s homeowner said that installing wood (or wood-like floors) can be a DIY project, but it may also require some carpentry skills and finishing.

Installation is a tedious and difficult task that can be exhausting. However, it can also be incredibly rewarding if you succeed. Money reported that flooring is one of most popular home improvement projects. It’s an inexpensive way to change the look and feel without spending a fortune. “We’ve seen this project really take off with the open-plan homes of today.”

Take breaks when needed and invest in quality products, tools, etc. to keep your mind and body in a healthy state.

New Lighting

The right lighting can make all the difference to the look and feel of your home. A sparkling chandelier over the table, or some new pendants above the kitchen island. Changing the lighting can make a room look more vibrant or add personality. We’re not afraid to use anything that could electrocute us, but we do pick out the best. You can install a new sconce if you are confident in your basic wiring skills. This article will give you some useful information.

HomeGuide said that the hourly rate for the rest of us is “$40 to $100 per hour, plus a $75 service fee.” “Small Electrical Projects range from $141 up to $419, with most homeowners spending an average of $280. The hourly rate and project rates are determined by the electrician’s level of experience and the type and size of the work.

New Plumbing Fixtures

We also don’t mess around with plumbing. We’re happy paying a professional to get the job done right. For those who know what they’re doing, the savings can be worth it. A new sink and faucet can transform a kitchen. In the bathroom, changing the shower head and the faucets can give the impression that the space is updated.

HomeAdvisor estimates that plumbers charge “from $175 up to $450 per typical job, with an average hourly cost ranging between $45 and $200”, according to the website.

Replace windows and doors

New windows and door can improve curb appeal, increase energy efficiency, and even provide a pretty good ROI. This is a job best left to professionals. The Spruce said that window replacement is a more difficult task than homeowners might expect. “Window installers replace windows every day; what is difficult for a DIYer is rote to them.”

HomeAdvisor says that “labor costs $150 to $850 per window.” Savings can be significant. You can find some good information here on how to do it. Window E-Store also has a great selection of windows.

Painting your kitchen cabinets

We’ve talked about painting kitchen cabinets a lot, because it’s a popular renovation. Hiring a professional to do the job can be prohibitively expensive. You’re looking at spending several thousand dollars for a good finish. You might save some money by hiring someone who doesn’t have the experience or isn’t willing to do the preparation or skip steps. But you could also end up with cracks, drips, peeling or cracked paint.

Painting your own cabinets can be a huge undertaking. It will test your patience and resolve, maybe even your marriage. Consider this carefully.

Original Blog: https://realtytimes.com/consumeradvice/homeownersadvice/item/1031724-it-s-a-diy-world-out-there-are-you-game?rtmpage=null

Beat the Heat: The Power of Air Conditioning for Ultimate Indoor Comfort

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It’s a hot summer day. The sun radiates an almost unbearable heat. As you enter your home, you are greeted by a blast of cool, refreshing fresh air. The heat suddenly doesn’t seem so intense. This is the power air conditioning has. This article explores the benefits of air conditioners for ultimate indoor comfort. It also explains how to customize the climate in your home and the types of air conditioning available. Let’s beat heat together!

Understanding Heat

Heat can be harmful to our health. If not managed properly, high temperatures can cause dehydration, heatstroke, and other severe conditions. Air conditioning can help. Air conditioning can reduce these health risks by controlling the temperature indoors. This creates a comfortable and safe environment.

Air conditioning for Indoor Comfort

Air conditioning has many benefits beyond temperature control. Air conditioning can improve air quality, reduce allergies, and maintain optimal levels of humidity. All of these factors contribute to a more comfortable environment indoors, improving your overall well-being.

Customizing Indoor Climate Control

Modern air conditioning systems allow you to customize the indoor climate. You can customize your indoor climate with features like programmable thermostats and variable speed fans. This level of control can not only increase comfort, but also lead to significant savings in energy.

Types of Air Conditioning Systems

There are many different air conditioning systems, each with its own benefits and disadvantages. Central air conditioning, mini-split ductless systems, and portable air conditioners are the most common types. Understanding the differences can help you choose the best system for your needs.

In our quest to beat the summer heat we are faced with a wide range of air conditioning systems. Each has its own unique advantages and disadvantages. Let’s explore the world of these cooling titans, shall we.

First, there are the central air conditioning systems. These are the big guns and are perfect for cooling large homes or offices. They work by circulating cooled air through a system of supply and return ducts to provide a uniform temperature. They can be expensive, both in terms installation and energy consumption.

We also have ductless mini split systems. These are perfect for cooling small rooms or individual rooms. These are easy to install and energy efficient. They also offer the flexibility to cool specific areas. They may not be as efficient for larger spaces.

Let’s not forget about the portable air conditioners. They are the ultimate in flexibility as you can move them from room to room. These are perfect for those who live in rented housing or on a tight budget. Remember, they are not as powerful as larger models and may struggle with larger spaces or extreme temperatures.

Here is a quick overview of the most popular types of air conditioning system available. Understanding the differences is essential to making a decision that suits your needs. There’s a cooling system for everyone, whether you want the power of central air conditioning, the convenience of mini-split systems, or the portability and mobility of standalone units. Beat the summer heat by using air conditioning.

Conclusion

The importance of air conditioning in providing ultimate indoor comfort is not to be underestimated. It not only provides relief from heat, but also improves the air quality, reduces allergies, and allows for custom climate control. There is an air-conditioning system for every home. Air conditioning can help you beat the heat and create a comfortable indoor environment.

Original Blog: https://realtytimes.com/listings/item/1047366-beat-the-heat-the-power-of-air-conditioning-for-ultimate-indoor-comfort?rtmpage=Alyssa%20Moylan

Preferred Properties of Texas

(254) 965-7775|Contact Preferred Properties of Texas