One of the most visually obvious differences this time of year between the city and the suburbs is the lack of blooming flowers, abundance of trees, and green grass. If you are enjoying your Philadelphia rental property, but feel you are lacking out on the foliage the suburbs provide, there are a few ways you can create your own garden oasis.
A Piece of My Garden
If you have any other ideas to create the perfect green oasis in your Philadelphia rental property, please share your comments and thoughts with us!
According to an article by Al Heavens, Philadelphia real estate improvements may not guarantee a boost in the sales price of your property. He notes that, while “doing the necessary improvements to a house will help it compete,” extravagant or unnecessary improvements may not increase your sales price. The main thing that sellers should make sure they are doing is listing their Philadelphia real estate based on the current market value, which means that it is listed to sell within 30 to 90 days. Bottom line, do not make the assumption that your renovations and construction projects are going to increase the value of your property, and, if they were to, that that increase in value will equal out to the amount you spent.
While some remodels and updates may not increase the value to your home, there are some improvements that will help your property compete with others that are on the market!
Philadelphia Real Estate: Mortgage Loans 101
For most of us, it is necessary to secure a mortgage loan when trying to buy Philadelphia real estate.Here are some basics that you should have under your belt, so you can make the smartest decision when deciding which loan is the right one for you. You also should be able to answer a few questions so you can find a loan that best fits your personal situation.
In order to find out which loan is the best for your situation when purchasing Philadelphia real estate, you need to know about your personal finances. You should be aware of what your credit score is, how much you can afford for a down payment and how long you plan on residing in the residence that you are buying. This will better allow you to move forward with the bank and get preapproval.
When considering mortgage loans to purchase your Philadelphia real estate, the first thing you need to consider is the interest rate. There are two basic options here: a fixed-rate mortgage or an adjustable-rate mortgage.
When securing your Philadelphia real estate mortgage loan, you are also going to have to choose between conventional or government loans. With a conventional loan, the government has not insured the loan in any way; conversely, a government loan is insured by some sort of federal agency. Here is a list of some government loans:
1. An FHA loan is insured through the Federal Housing Administration.
2. A VA loan is insured and managed by the Department of Veteran Affairs.
3. A USDA loan is managed by the United States Department of Agriculture.
Once you have a better understanding of your personal financial situation, you can go to a mortgage broker or bank and begin the process to become preapproved. Becoming preapproved is almost always necessary when making an offer to the owner of a house; it gives the owner proof that you have the money to purchase a piece of Philadelphia real estate. If you have any questions or concerns, your bank/broker can always do their best to assist you.
If you are looking for a way to add value to your Philadelphia Real Estate, you may want to look into improving on or adding an extra bathroom to your space. Many people decide to do renovations to update their properties, and they can be extremely costly; they can end up costing more than what the return they will get on it. According to Terri Akman from the Philadelphia Inquirer, for Philadelphia real estate, after a major stall in home renovations, “contractors are noticing that homeowners are dedicating time and money to the bathroom — and the economy is the main driving force.”
If you are willing to spend the money, here are some of the Philadelphia Real Estate bathroom must-haves:
Another plus to improving bathrooms in your Philadelphia real estate property are the lowered utility bills.Newer toilets, often that come in one piece, allow for less water to be used each time they are flushed. Newer shower heads have controls to limit the amount of water you are using. You can market your Philadelphia real estate as being committed to lessen your footprint on the earth, which is often a huge bonus!
ACHIEVEability: Philadelphia Low Income-HousingEstablished in 1981. ACHIEVEability has been creating Philadelphia low-income housing for low-income and homeless families in the hopes of setting them up to achieve financial independence. To remain a part of ACHIEVEability’s Family Self-Sufficiency Program and remain housed in theirPhiladelphia low-incoming housing, parents are required to maintain employment, and their incomes must meet all of their monthly expenses. Not only does ACHIEVEability help the families that have fallen victim to homelessness and strife, they are helping neighborhoods by building these Philadelphia low-income housing in abandoned and run-down buildings. They are headquartered at a new location on South 61st St.
If ACHIEVEability inspires you, find out how to volunteer for them, and make a difference to the people and real estate in your community! Touch base with your local Philadelphia Property Management Firmfor more details.
Philadelphia Memorial Day WeekendAs the summer quickly approaches, Memorial Day Weekend is finally upon us and there is tons going on in Philadelphia! Here is a synopsis of the best of the best for this Philadelphia Memorial Day Weekend.
There are some great restaurant specials and events are going on this Philadelphia Memorial Day Weekend.
Want to spend this Philadelphia Memorial Day Weekend weekend learning and expanding your knowledge? There are some fabulous events that are happening relating to the fine arts!
If you’re big into fireworks, this is the Philadelphia Memorial Day Weekend Firework list.
From all of us here at JG Real Estate, we wish you a wondering Philadelphia Memorial Day Weekend!
