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Fabulous Renovations | From Urb to Burb and Beyond Blog

Friday, December 4, 2020   /   by Vanessa Saunders

Considering doing an HGTV home renovation ? DIY not?

 
By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems Real Estate.
The popular DIY (Do It Yourself) TV shows often seen on the HGTV, DIY Network and TLC channels have inspired more people to complete their own renovations, and have changed the way interested buyers shop for homes. Some of today’s consumers are hyper-aware of evolving home trends, so certain aspects of a house, like an outdated kitchen, can turn off prospective buyers. This is commonly known as the “HGTV effect.” In general, many modern house hunters aim to buy a home with turnkey capability and upgraded features rather than choosing a house that has potential.
But other potential buyers aren’t daunted by making repairs and renovations themselves. It seems that popular DIY TV shows have given these homebuyers the encouragement to take on projects they may have walked away from in the past. Imagining a beautifully finished home when you’re standing in front of a di; ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, 'urb to 'burb, home investment, diy projects, fabulous renovations

Thursday, March 12, 2020   /   by Vanessa Saunders

5 Worst Home Improvements for Sellers.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
If you’re planning a home improvement project for spring, keep in mind the impact your project will have on your home’s value. Surprisingly, most major improvements don’t pay for themselves when it comes time to sell. 

Here are some of the worst home improvements you can do in terms of their return on investment:

#5. Adding extra  garage space.
Unless you don’t have a garage at all, adding to an existing one comes in as the fifth worst improvement you can make to a home. Garages are expensive to build, and some buyers are actually turned off at having room they may not need. The average garage addition only adds 60% of it’s cost to the value of a home.

#4. Master bedroom suites.
Turning the master bedroom into an ensuite by adding an adjoining full bathroom will lose up to 40% of its cost at selling time. If you’re in the mood for a major project, remodeli ...

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  hudson valley real estate, hudson valley property, hudson valley home, home investment, 'urb to 'burb, selling your home, house pricing, diy projects, fabulous renovations

Thursday, February 13, 2020   /   by Vanessa Saunders

Four ways to invest in real estate without becoming a landlord.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

Real estate investment can be a lucrative venture, as well as a good way to add diversity to your current portfolio. Getting into the market can be as easy as buying a mutual fund. The best thing is, you don't need to be at the beck and call of tenants who need you to fix overflowing toilets or call in the exterminator.
Some advantages of real estate over other investments include:


Competitive Risk-Adjusted Returns.


High Tangible Asset Value.


Attractive and Stable Income Return.


Portfolio Diversification.


Inflation Hedging. 

Real estate as an investment has the additional benefits of its ability to both increase in value as well as produce cash flows from rental income or mortgage interest.
Here are four ways to invest in real estate, ranging from low to high maintenance.

1. Real Estate Investment Trusts (REITs).

Pronounced REETs, these investments let you invest in real; ...

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  hudson valley real estate, buying a home, home investment, 'urb to 'burb, housing sales, making an offer on a house, sales strategies, fabulous renovations

Friday, February 7, 2020   /   by Vanessa Saunders

Buying a Foreclosure Home: Negotiations and Financing.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems

The wheels of banking grind exceedingly slow, and purchasing a foreclosure home is no exception. The start of a buyer's long road to owning a distressed property starts with making an offer, and proceeds through negotiations to closing. Most lenders with properties to get rid of are accustomed to low-ball offers. Buyers making offers that are at least 20% below the current market price are normal. A lender might agree to offers even lower than that if the particular property has been on their books for a long time. Lenders will also discount properties in an area with a high incidence of foreclosures. 
Many times, the winning offer will be all cash, including enough for the property and any necessary renovations. This is why buyers will often team up with outside investors who can help them cover up-front costs, then share any profits when the home is sold. 
Financing an REO.
Lenders don't particular; ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, 'urb to 'burb, orange county ny, westchester county, rockland county, ulster county, sullivan county, hudson valley house, manhattan, dutchess, financing, first time home buyer, lending, short sale, fha, fabulous renovations

Monday, February 3, 2020   /   by Vanessa Saunders

Finding a Fixer-Upper: Ten Signs NOT to Buy.

By Vanessa Saunders, MBA, MIMC , Broker Owner, Global Property Systems
With spring coming, this is the time of year ambitious house flippers and home buyers search for fixer-uppers to buy to refurbish this summer. Often looking for "the worst house on the block," the trick to finding a good candidate for a fix up is to avoid properties with problems that outweigh their cost of repairs. Here are ten tell-tale flaws that may move a potential property from your "Hot" list to your "Not" list.
Water Water Everywhere.

We're talking about un-managed water OUTDOORS here. If a house sits on badly graded land, water will always collect into puddles and pools, and find a way to get INDOORS and wreak its inevitable damage. Amateur home-fixers should avoid this problem, as fixing it incorrectly can compound the problem, as well as open the house to termites or other pests. 
The Tell-tale Roof.

No amateur should attempt to fix a funky roof. A roof in poor condition can be the cause; ...

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  hudson valley real estate, hudson valley property, hudson valley home, buying a home, home investment, hudson valley home sellers, orange county ny, 'urb to 'burb, westchester county, rockland county, ulster county, sullivan county, hudson valley house, dutchess, manhattan, diy projects, fabulous renovations

Global Property Systems
Vanessa Saunders MBA MIMC CIPS - NYS RE Principal Broker
56 Lafayette Avenue Suite 320
White Plains, NY 10603
914-290-5258


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The information appearing herein has not been verified by One Key, Inc or by any individual(s) who may be affiliated with said entities, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose.

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