Preferred Properties of Texas

The Preferred way to buy & sell property for over 25 years

Making Your Garage Desirable

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Garages now serve different functions, therefore it is ideal to put in a few updates to raise your garage’s performance, in addition to attractiveness.

Put in an automatic overhead door. When talking updates, it is ideal to concentrate on both beauty and functionality. In case you have plans aside from keeping your car or lawn gear, a garage door update is a smart investment. Having an automated door, you are able to readily get into your own garage when moving your vehicle or earning supplies. While most automatic doors have been fitted with remote control buttons, some include sensors that are customized. Prior to picking a garage door, speak with your contractor to the smartest choice for your garage door.

Update the light system. Traditionally, garages have been created for minimalistic functions. This being the situation, most homeowners seldom dwell on its light system. Garages are often fitted with an overhead garage door lighting and other bulbs. But to boost a garage’s performance and attractiveness, you need to invest in a contemporary lighting system. LED strips along the sides of your garage provides better ambient lighting and may be amazing highlights to your vehicle. Better lighting may also help enhance the disposition of the garage area, particularly if you’re seeking to utilize it like an art studio or workout area.

Update the door. There are various updates and ideas which may be used to your own garage flooring. Rather than concrete, you may add just a small beauty by employing ceramic floors vinyl sheets or laminate floors. A few of those flooring choices also function as great techniques to jumpstart your own garage. One thing that you must always bear in mind when selecting a flooring update is the performance of this garage. For example, it would not make sense to match a rug covering the whole floor once you use the garage to store your vehicle. Insert beauty when remembering that the usage.

Make the garage more comfy. The garage area has morphed to execute several purposes, such as being a fitness center, an art studio or perhaps a gaming area. If you would like to use your garage for these functions, you want to set up an update that will allow it to be even more comfy regardless of outdoor temperatures. To produce your garage usable for all these tasks, you are going to need to devote a bit extra on insulating material with proper heating and AC systems.

Producing your garage desired is a job worth your time, particularly if you’re thinking about selling in the not too distant future. Make care to discuss the several choices at your disposal; seem at comfort, aesthetics and functionality. Check a builder about the most viable updates it’s possible to put in without breaking building codes in your region. As a result, you will soon need a garage that you can really enjoy rather than simply using as a go-to storage area!

2021 Rural Land Market Explosion Brings Record High Prices

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“In the aftermath of the COVID-induced economic lockdown, 2021 Texas rural land markets have exploded in a burst of activity,” said Dr. Charles Gilliland, research economist and rural land expert for the Texas Real Estate Research Center at Texas A&M University.

“First quarter 2021 sales of large acreage rural properties grew more than 50 percent in West Texas and 37 percent statewide compared to 2020,” said Gilliland. “First quarter activity exceeded the remarkable levels seen in the third and fourth quarter of 2020 in most areas.

To read more, click on link below:

https://www.recenter.tamu.edu/news/newstalk-texas/?Item=25911

If you’ve been thinking of buying or sellling rural land, now is a great time! Contact our office to speak with a real estate agent today.

We Are Here For All Your Real Estate Needs!

Investing In Vacant Land

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Investors looking for relatively secure opportunities should think about devoting some of the money to invest in vacant land. Vacant land investing can supply you with several ways to profit. Some people purchase property, wait for the value to increase and sell the property in a much higher price at a later date. Others that invest in vacant land generate revenue and seek pleasure in the home while they await the property’s worth to rise. There are also many different methods to invest in land. However you choose to invest in vacant land, you should consider the details before you spend money on any property.

The value of vacant land can grow fast. Individuals are moving from urban to suburban areas for generations. As households accumulate more wealth or move into retirement, they often wish to break free from crowded urban areas so they may enjoy the privacy of suburban and, better still, rural houses . As more people move to the cities, the boundaries of suburbs will continue to reach further inducing a requirement for vacant property to build homes on later on near the outskirts of large metropolitan regions. In spite of all the new pandemic there has been an increase in the need for rural residential land and hobby farms.

The COVID-19 pandemic can hasten the trend away from urban lifestyles. Anyone residing in nyc during the pandemic, for instance, has seen the challenges of living in a crowded town. As resources become increasingly scarce and growing quantities of infectious men and women make going outside in public dangerous, an increasing number of people are trying to get from urban centers.

The sudden interest in rural property should increase property values. If you already possess vacant land, you can gain in your growing interest in hobby farms and recreational property .

Not everyone will want to reside in rural regions exclusively. People who can afford to purchase rural retreats are more inclined to do this now that they’ve seen the problem of living in towns throughout a pandemic.

Developing empty land can increase its value. Undeveloped, vacant land becomes an undeniable investment chance when you are willing to devote time and money adding infrastructure, buildings, and other capabilities. By way of example, you can increase the value of vacant property by installing the utilities that the majority of people search for when purchasing homes. A slice of property that nobody wants becomes much more desirable as soon as you add electric lines, water, and sewer.

Other features that may increase the value of vacant land comprise:

Houses and Houses.
Barns and sheds.
Ponds and lakes.
Meadows and trees which attract wildlife.
Tree Stands.
Vacant land can generate revenue before you market.

If vacant land already has some desired characteristics, you can use it to generate revenue while awaiting the house’s value to rise. You could earn a living from property with fertile soil and a water source by leasing or renting your property to farmers. You can also earn money from transitional land by:

Selling wood .
Charging a fee for hunters.
Renting cottages and houses to vacationers.
Selling nutrient rights.
Supplying an Agritourism attraction.

Pay careful attention to a property’s attributes before you buy it. With water, trees, and other desirable characteristics, you probably can not make much money from it while you await the value to increase.

Before you start investing vacant land, contact our office so we can help you focus on finding properties that match your needs. We may already know about a few properties that you can purchase within the next few weeks.

 

The Cost Of The Home Is More Important Than The Price

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Housing inventory is at an all-time lowcost. You will find 39% fewer houses available today than at this time this past year, and buyer demand continues to set records.

Whenever there’s a shortage in supply of an item that is in high demand, the cost of the item increases. That is exactly what’s going on in the real estate market at this time. CoreLogic’s latest Home Price Index reports that values have risen by 5.5% over the last year.

This is great news if you’re planning to sell your house; on the other hand, as either a first-time or repeat buyer, then this might instead look like upsetting news. Nevertheless, buyers should understand that the cost of a house is not quite as vital as the price. Let’s break it down.

There are lots of factors that influence the expense of a home. The two major ones are the cost of this home and the interest at which a buyer can borrow the funds necessary to buy the home.

Last week, Freddie Mac announced that the typical rate of interest to get a 30-year fixed-rate mortgage has been 2.87%. At this time this past year, the speed was 3.73 percent. Let’s use an illustration to see how that gap impacts the true cost of a house.

Assume you bought a house last year and took out a $250,000 mortgage. As mentioned previously, home values have increased by 5.5% during the last year. To purchase that same house this year, you would need to take a mortgage at $263,750.

The difference in monthly payments based on today’s low mortgage rates.

That’s a savings of $61 monthly, which adds up to $732 annually and $21,960 over the life of the loan.

It’s a great time to sell your home cause of low inventory and buyers ready to buy and  a great time to buy a home cause mortgage rates are at historic lows.

Contact our office today to get you started on the path to your dream home!

Three Ways You’ll Win When You Buy A Home

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There are many great reasons to purchase a house, and within the last year, we have realized a lot of them than we ever believed possible. If you’re a first-time homebuyer, acquiring a house of your own may provide you a greater sense of security and achievement in a time that’s largely uncertain. If you are a repeat buyer searching for your dream home, making a move could provide you the space or characteristics you need to find more success and happiness in a fresh normal lifestyle. Whatever your motives are, here are 3 reasons why getting a homeowner today might help you win big in the long term.

1. Buying a Home Is a Great Investment
Several recent reports indicate that real estate remains a great investment, topping other options such as stocks, gold, bonds, and savings. Why? Real estate makes it possible to construct equity, a type of forced savings which develops your net worth.

2. Mortgage Interest Rates Are Low
The Primary Mortgage Market Survey from Freddie Mac indicates interest rates to get a 30-year mortgage have fallen as November 2018 if they struck 4.94%. In their most recent prediction , Freddie Mac expects rates to stay low, leveling out to an average of 2.9% in 2021.

When you get a home in a low mortgage rate, it is going to affect your monthly mortgage payment, giving you the chance to probably get more house for your money.

3. Investing in Your Future Pays Off
There are a few tenants who have not purchased a house yet because they’re uncomfortable taking on the obligation of a mortgage. What many tenants do not realize, however, is the monetary power of equity.

As a homeowner, your monthly payment becomes a kind of’ ‘forced savings’ you can reinvest later in life as you see fit. You can use it in many different ways, like to finance a loved one’s schooling, proceed up to a bigger home, or begin your own business. As a renter, you are actually growing your landlord’s equity rather than your own.

If you’re prepared to put your monthly obligations to function for you and take actions toward these dreams and goals, buying a home may be the way to go, especially as rental costs continue to rise.

Buying a home sooner rather than later could lead to substantial savings and long-term financial growth. Reach out to Preferred Properties of Texas today to determine if homeownership is the right choice for you this year.

House Renovations To Cut And Not To Cut

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Renovating your house can be thrilling — and daunting. If preparing your house for a renovation, take some opportunity to consider each step of this procedure, out of your budget into the design and material choice, deadline and workmanship.

A thoughtful and home improvement renovation may add substantial value and pleasure to your home. Conversely, a poorly planned or cluttered renovation is going to wind up costing you with not adding monetary value to the house .

Do not discriminate: priority rooms and regions.
Do not discriminate: basic features of the house.
Do not skimp: quality craftsmanship and contractor.
Save: manufactured stone vs. organic rock.
Save: unique style options.
Save: hard-wired tech updates.

If you don’t have an unlimited budget, you need to set your priorities. There are always rooms or regions of the house that require more attention and financial resources compared to many others. Focus on renovating the rooms in which you spend time or which can bring the most pleasure.

If your plan is to reestablish in stages, give those rooms or areas your entire focus in order of priority, instead of attempting to do little things here and there in every one. In the end, it is going to be rewarding to have the whole room or area completely finished. When you’ve got more cash saved, you’re going to be prepared to proceed to another area of attention.

If you fall in love with a house, there is always a motive. It is normal to get wrapped up in programs to enhance the total house, however in doing this, you can do more damage than good and detract from the basic”bones” — that the design , finishes, qualities or attributes.

For example, if an apartment or home currently has restricted closet space, do not reconfigure the design in a means which will impede the prospect of storage. Or if a house has a gorgeous stream of present room, do not disrupt it by dividing out a lot of smaller chambers which will enable you to eliminate the graciousness of this room.

Skimping on quality stuff rather than employing a high-end contractor is only going to cost you more in the long term. Should you invest in top notch fittings, materials and finishes, and employ a top-notch and advocated contractor, then your renovation will endure the test of time. Nobody wishes to deal with needing to re-do cluttered work or fix items which have begun to fall apart soon after placing precious time and money to a project.

If you are working on a strict budget and understand that you are the sort of person who’s put on having rock countertops, save a few bucks by utilizing a fabricated synthetic rock instead of marble. These are less costly and a lot stronger, which will ultimately avoid the need for replacement in the brief term.

Save: Unique Style Alternatives
Constantly keep the prospect of resale at the back of your mind as you’re making conclusions about a house improvement, even in the event that you would like to hold the house for several years to come. If a renovation is overly specific in decoration or design and is intended to just suit your particular requirements, you might encounter issues when you opt to sell.

The pool of possible buyers will probably be considerably reduced if your home’s insides are too heavily remodeled or decorated into a very specific flavor.

While using a smart house can make sure daily tasks easier, it is not necessarily a requirement which many homeowners must prioritize. In reality, some folks are easily overwhelmed by smart house systems if they are not tech-savvy themselves. When it’s the only real method to control the lights, then you may get an issue if you go to market your house.

Moreover, technology gets obsolete so fast because the most up-to-date and greatest innovation is going to be introduced into the industry shortly after you spend money and time in a wise home system. By way of instance, don’t squander your resources on hard-wiring for speakers that are overburdened. Sonos speakers work equally well, and if they split, they are a lot easier to substitute. You will also have the ability to take your favorite parts of gear with you once you move.

But, certain things are well worth splurging on, for example concealed wiring to get TVs and hooking up the AC system into a controlled smart thermostat such as Google Nest, that may also be controlled by means of a smartphone.

Whether you are upgrading your new house to reside in or remodeling it prior to selling to make a greater gain, keep this in mind and you will not just save yourself some cash but a couple of headaches too.

Remodeling your home to sell? Give our office a call and we can help you with the selling process.

 

Preferred Properties of Texas

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