Tips For Selling Your Historic Home

Historical homes come in a number of different flavors. People that are interested in selling these homes should keep a couple of things in mind when they are trying to get their homes sold.

Research the Area

There are a lot of people that are living in historic homes that are not aware of the value. They do not know the history behind the area. If you are one of those people it is time to look at the history of your home. Find out information about the area so that you can create an accurate description that describes the type of home that you are trying to sell.

Find out about the landmarks and the things that are going to make the home worth the price that you asking. Most people are not fully aware of the history of homes that they are trying to buy. When you add this information into your historical home details it becomes more of a treasure for potential buyers.

Fix Up Your Home

When historical homes are being sold the first thing that comes to mind is renovating the property. Most of these homes have become historical properties because they have been around for so long. In order to make people take an interest in these types of properties, one must put forth some effort to renovate these homes and still preserve the historic charm.

Electrical work should be done. Any type of restoration for hardwood floors that is needed should also be done. People may like historical homes, but they often want the work that needs to be done for restoration to be completed before they purchase the home.

Connect With An Agent

The next thing you need to do when you are trying to sell a historic home is connecting with a real estate agent. They can help you further your research and provide a write-up that shows the value of your home in the area that it is in. They can also give you the recommendations for presenting your home in a style that reflects the historical value while accentuating the upgrades that have been done. What a real estate agent can do is connect you to potential buyers that are in search of these type of historic properties.

This article was originally published on JasonCohenPittsburgh.net

Why Healthcare Real Estate Is A Good Investment

Real estate investment trusts (REITs) invest in various types of properties including residential and commercial. Among the commercial real estate, one often overlooked sector is the healthcare real estate. Hospitals, medical office buildings, outpatient facilities, senior living facilities, and skilled nursing facilities are part of healthcare real estate. Healthcare REITs are regarded as more defensive compared to other REITs. There are several reasons why healthcare real estate can be a good long-term investment.

Growing demand for healthcare

Accelerating demographic changes are driving healthcare demand. According to John Chang, SVP of Marcus & Millichap at the GlobeSt. Healthcare Real Estate Conference, there will be 11 million more people over age 65 and another 6.5 million over 75 in the next five years. Between age 60s to 70s, there is a 35% rise in the need for healthcare services. Also, total annual healthcare visits (currently at one billion) will likely increase by 10% in the next five years. Healthcare facilities will be in use for a longer period of time, making healthcare real estate a steady and long-term investment.

More defensive in the case of an economic downturn

Healthcare real estate is viewed as more defensive than other property types such as offices or hotels because people need healthcare when they are sick whether the economy is strong or not. Tenants also sign longer leases, and turnover is minimal, leading to longer and more stable rental cash flow. A medical office is attractive as it is half as volatile as the other real estate investments, and investors are looking for medical tenants who are viewed as e-commerce-resistant.

Initial investments and rising value in healthcare property over the long-run

Healthcare property value tends to increase gradually over the long-run compared to the more volatile nature of the other types of real estate. Buying a healthcare property does not require a huge amount of initial investments. This is because the owner of the healthcare property usually has to buy a minimal amount of furniture and then rent it to the practitioners or professional teams, who will populate the facility with their own tools.

Attractive types of healthcare properties

Recently, thanks to the aging baby boomers, senior care facilities including high-quality assisted living and memory care service assets have become more popular investments. Medical offices have also been viewed as recession-resistant, with more investors focusing on outpatient facilities such as emergency rooms and specialty services rather than large medical buildings.

This article was originally published on JasonCohenPittsburgh.org

Passive Income In Real Estate And How To Earn It

The real estate industry provides a lot of opportunities for passive income. Investors can definitely make money on property rentals over time, but it may take some initial investments in multiple places to make this happen.

Rental Homes

The transformation of a home that is available for rent can be an extensive process. Some people buy homes that are foreclosed and get others to fix these homes up. Once the home is ready to rent the property managers to manage these properties. Investors can make money from this without any direct interactions with the tenants.

Invest And Earn

The biggest obstacle that many people face when it comes to this type of investing is getting started. The money does not come overnight, but the return on investment is possible for many years to come if investors take time to get properties in places where there is heavy traffic. It is all about location when it comes to hot properties in real estate.

Location, Location, Location

All those individuals that are looking at possibilities for renting a property should know that it is about location when it comes to getting rentals. There will typically be downtime when it comes to renting a home from someone. They may rent for a couple of months or a couple of years, but eventually, these tenants will move and you will have to restore the property for new tenants.

The walls may need painting again and repairs may need to be made. These are expenses that go into getting the home ready for the next set of tenants. If the rental property is in a popular part of a city is going to be easy to get more tenants that are ready to rent. This is why a lot of real estate investors look at vacation properties.

Vacation Rental Properties

In many cases, passive income is easy for people that have invested in vacation rental properties. These tend to be pieces of property that are so popular that there is often a waiting list. Travelers vacation frequently and someone is always in need of a rental property. Investors that are fortunate enough to find vacation properties to invest in should act on these opportunities while they can.

This article was originally published on JasonCohenPittsburgh.org

Tips For Maximizing Storage In Your Apartment

With rising rent prices, it’s often necessary to choose a small apartment. As a result, you may have to maximize storage to avoid needing a separate storage unit. Check out the tips below on ways to expand the amount of space you have in your apartment without losing your sense of style.

Place Storage Bins Under Your Bed

Placing storage bins under your bed is a simple solution that can open up a lot of space. Instead of stacking up storage containers in your bedroom where they’re visible, you can simply buy plastic storage bins to store an abundance of items. This is also a good way to cultivate a minimalist appearance in your bedroom because it can eliminate a lot of clutter.

Invest In Different Size Baskets

Baskets are both functional and stylish, which is why they make great containers. What’s good about having lots of baskets around your apartment is that visitors will think they’re just decorations when you actually have items stored inside. For instance, you can have a large basket in the living room that’s used to store blankets and other items that may only be used on a seasonal basis. The possibilities are endless when it comes to what you can store in baskets. For instance, you can have a basket on your desk to store office supplies and on your coffee table to keep remote controls and other electronics.

Use Wall Mounts in Multiple Locations

Depending on the amount of freedom you have to hang things on walls in your apartment, consider mounting hooks. You can use hooks in just about every space for storage purposes. For instance, you can use them near the front door to hang coats, in the bathroom to hang robes and under the kitchen sink to hang cleaning rags. You can also mount small nightstands and lamps on the wall in a way that keeps your apartment free of clutter. With this solution, you won’t have a lot of accessories sitting on the floor.

Maximizing storage in your apartment starts by figuring out where you have unused space and you can start with the examples provided. Just make sure you don’t overdo it and end up with a cluttered apartment.

This article was originally published on JasonCohenPittsburgh.net