Vacation Rental Upgrades That Attract Bookings and 5-Star Reviews
Investing in a vacation rental property is a fantastic way to maximize your monthly cash flow. And updating that property can further boost your income. In addition, homeowners who make minor improvements to their property enjoy increased bookings and excellent reviews. Travelers today tend to prefer vacation rentals to hotels. When searching for a place, they will usually pick an upgraded home to unwind from their daily adventures more comfortably. Therefore, your vacation rental must stand out. The following updates convince people to book and [...]
New Homeowner Tax Prep 101
If you are considering or have bought your first home recently, congratulations! As you may already know, there are a few perks to owning your home rather than renting. The elimination of ever-increasing rent costs is perhaps the most familiar, and you now have a nest egg building in the form of equity. In addition, you no longer worry about every little pinhole in the wall; they're yours to do as you please. You can build new ones and paint them any color you like, [...]
What Is Title Insurance?
It seems there's insurance for everything. Medical Insurance is one of the most common for help with medical bills. Automobile Insurance is there if you are involved in an accident or your car is damaged. Dental Insurance for your teeth, Life Insurance, Accidental Death and Dismemberment...the list goes on and on. So, what exactly is Title Insurance? It's not Homeowner's Insurance, but it is required by mortgage companies when you buy, sell or refinance your home. So, is there a risk that the title to [...]
The Importance of Inspecting an Older Home
Purchasing a home, whether for investment or as your primary dwelling, is one of the most significant transactions most of us will negotiate. You may feel it's clear why a home inspection is a critical step in the process for new home construction, but the benefits of inspecting an older home may not be obvious. One might think homes constructed in the 1970s or earlier, which have only had one owner, may not need as thorough an inspection. However, for several reasons you should ensure [...]
Photography Tips for Buyers
Buyers rarely put much thought into the images on a Realtor's site. Just like decluttering and staging, a homeowner wants to present the home at its best. After all, they want you to be interested enough to come and look closer. Knowing what you're looking at in the images can save you time and prevent disappointing showings. So, keep these things in mind when looking at house photos during your buyer's journey. Professional Photography Techniques Professional photographers make sure the house looks perfect. There's a [...]
3 Tips to Remodel Property to Use as a Vacation Rental
You've decided you want to rent out that beach house as a vacation rental. Nice job—turning a property into an extra source of income can be a game-changer for the retirement account or the family Mad Money. If you're hoping to get the best possible return on your investment, consider these three tips on remodeling your property as a successful vacation rental. 1. Plan Before Your Purchase When you're getting ready to remodel, your eyes will notice everything that's available out there: big sales, unique [...]