What Pet Works Best in Your Home

petPets are a wonderful part of the family and great companions, but they can cause a lot of damage to your home. Some are more destructive than others, so if you are considering selling your home any time in the near future, it would pay to know wich pets work best. Dean Graziosi has provided the following information on this topic.

Dogs and cats are among the most common pets, but they can cause quite a bit of damage to the home, especially if they mostly dwell inside. Dogs are notorious for chewing. Some chew shoes while others actually chew on parts of the home such as walls or part of the trim. This can cause significant damage to the walls that would require repairs before the house goes on the market.

Dogs can also scratch various surfaces in the home. These include walls, floors, and doors. Again, significant damage will require items to be replaced before the home can be sold.

Cats are a little less destructive, but many like to climb and scratch. While very few chew, the damage caused by claws can be quite costly to repair.

Other pets such as birds and rodents are caged so don’t pose as many problems to the actual structure of the house. They can, however, leave unpleasant odors behind as can dogs and cats.

So which pet is best if you are a homeowner? This is a tough question to answer. Some dog breeds are known for chewing and destroying items more than others. Likewise, it may be a good idea to house larger dogs outdoors in a comfortable environment where they will be free to run and play.

Before putting your home on the market, it is a good idea to de-pet it. This involves giving it a thorough cleaning and using special cleaners that are designed to remove pet odors.

Some insurance does offer protection against accidental damage caused by pets, but this will come at an additional cost. Still, it might be well worth it in the end to do so. Note, however, that the rules on this are quite specific, and some companies won’t replace household items damaged by pets.

Work with your pets to ensure the minimal amount of damage is caused. this can be difficult, but is possible in some instances. For example, a dog can be trained not to chew if this bad habit is caught when he is a tiny puppy. Waiting until he gets older to try and break him of this habit probably won’t result in success. As an article posted on Money Supermarket points out, the best way to avoid the need to make an insurance claim is to train your pet so these incidents don’t occur.

Being a pet owner is a big responsibility and should be taken seriously. You can read more about real estate by visiting Dean Graziosi’s website.

Alternative Property Types for Investors to Consider

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Real estate investors are always searching for great opportunities. There are, of course the obvious choices: homes, apartment complexes, and residential office space, but there are other investment alternatives that should definitely be considered. Dean Graziosi has provided some useful information on this topic below.

 

Luxury Apartments

Apartment complexes have long been a great income source for investors, but luxury apartments have become quite popular over the last several years. One trend is to build small apartments with luxury features and offer them at or above market rate. This way, renters can have the latest features at a price they can afford. This seems to be trending with the single working professional.

Farms

Land has always been a lucrative source of investing. Add a house and you have a property that has real potential. The more acreage you have, the more developing you can do to it. Even just having the farm land itself can really pay off in the future. According to an article posted on nreionline.com, farms have taken a backseat to more lucrative real estate types, but perhaps they should be considered again.

Senior Housing

Senior housing has become a necessary consideration for an investor. There are many great opportunities to be found by developing a new complex. While apartments are commonplace for the investor, senior housing opens up new and interesting opportunities. As with regular apartment complexes, options can range from low-income to luxury units and from very small to quite spacious.

Unique Office Space

While it is common for investors to turn homes into businesses, some are now using a unique approach to creating office space for entrepreneurs to rent. Many small business owners and independent contractors who are searching for office space relish the opportunity to save money by renting these smaller domains. Investors can buy homes and renovate  several different rooms for office opportunities. Another take would be to rent out each floor of the dwelling to separate tenants who need a small, private space all their own.

Commercial Real Estate in Remote Locations

There are some professionals who would need commercial real estate that is located in a more remote location. A recording studio owner, for example, would not choose to rent commercial space that is in close proximity to other businesses as this would disturb the other business owners around him. He would also be disturbed by the noise level nearby. Because of this, many recording studios are found in more remote locations away from traffic and other disturbances. Finding an older building in an out of the way commercial district would be a great option for the business owner who requires a tranquil setting to get the job done.

There are plenty of traditional and nontraditional options for the real estate investor. The key is finding a niche that works and investing wisely. See Dean Graziosi’s blog for more real estate topics.

How to Increase Storage in Your Garage

garageThe garage is typically the place where things get dumped and thrown about.  But, if you’re tired of navigating through boxes and storage bins to get to your car, it may be the perfect time to make your garage a more functional and easier to access area.  Dean Graziosi has listed some ways in which you can increase storage in your garage and actually be able to use it as more than a dumping ground.

The first thing you can do is to organize your tools, gardening items, and miscellaneous items for storage.  By placing items that are often used for gardening in one area of your garage, not only will they be easier to find when you need them, but they will also not get damaged.  If you have a lot of larger, bulky items, you should store them by their function.  This will help you know where they are and keep them from taking up unnecessary room in your garage.  There are a number of ways in which you can hang smaller items on your walls.  Installing wall storage racks can help you store your smaller hand tools in one place.  You can also attach bins that will be ideal for storing screws, nails, and other smaller items that are often lost.

If your garage is large enough, you may want to consider installing cabinets.  This is a great way to store chemicals, paint, and tools.  By installing cabinets on the floor, as well as the walls, you will be able to create a work surface that will allow you to make repairs to machinery or simply work on projects.  Low cabinets with sliding drawers will allow you store specialty tools, or simply tools that you tend to use more often.  Cabinets are a great way to make your garage easier to use and are a great way to store your tools and keep them from becoming damaged, states Dean Graziosi.

To keep your garage floor free of clutter, one of the best ways is to store sports gear and garden tools on your wall.  Homeowners can purchase hooks and racks that can be installed on garage walls that allow homeowners to hang snowboards, skis, weed trimmers, shovels, and other large items that may have been previously strewn about on the garage floor.  If you have a lot of yard tools or sports equipment, this may be the ideal storage method for you.

There are a lot more storage options available for homeowners now than ever before.  If you have grown tired of tripping over shovels, and sports equipment, it may be time for you to consider increasing and improving the storage in your home.

Moving With Children

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You’ve finally found the home of your dreams and ready to start the moving process, in addition to packing and planning your move, one of the hardest things may be preparing your children for the move.  Whether your move is to another city or simply to the next block, your children may not be thrilled at the idea of moving.  To help you make the move easier on your children, Dean Graziosi has listed some helpful tips to help reduce the anxiety your children may be experiencing.

 

  • Share – The sooner you share your plans to move with your children the more time they will have to come to terms with the idea.  You should also share the reason behind the move and let them know that you are excited about the prospect of finding and moving into a new home.  This will help put them at ease, and show them that it is a fun process and should be seen as an adventure.
  • Ask For Their Thoughts – If your children are older and understand the process of viewing and comparing different home, you should definitely include them in the process.  Once you have narrowed down the choices to a few homes that you are interested in, ask for your children’s thoughts about each home.  If your move requires you going to another state, show your children pictures of the homes and when possible let them view online virtual tours of each home.  Let them see each of the rooms, and ask which one they would like to be their room.  This will allow your children to feel involved in the process and not like it is something being forced on them.
  • Get Rid Of The Clutter – Share with your children that now is the ideal time to get rid of any clutter or unused items they may have.  You can also enlist their help in other rooms of the house.  Having your children go through each room with you and asking them what they believe should go, gives them a feeling of importance and that their opinion does matter to you.  During the process, you should also let them know that it is okay for them to keep any items that have a special meaning to them.
  • Plan A Moving Sale – After you and your children have gone through your home and found items to discard, you may want to plan a moving sale.  Your children can help you sort and price everything before the sale.  You can then use the proceeds from the sale to purchase something that the children may have been wanting.

Moving can be one of the most stressful events of anyone’s life, it can be especially more stressful for those who have children.  Mr. Graziosi recommends that the more you include your children, the easier the process can be on them.

What Views Do Home Buyers Want

viewA home with a view is always preferable to one without, but every home buyer will have differing opinions about which views are most appealing. In this article, Dean Graziosi will explore some of the most popular views and how they may be enhanced.

Water views are always popular. Some homes are near rivers while others are on lakes. If you are fortunate enough to own one near an ocean, you will have the option of enjoying the beach on a daily basis. No matter what type of water a home is near, many prospective home buyers love it. You can enhance this view by not obstructing it. Sure you will have trees and other vegetation growing nearby, but there’s nothing quite like being able to look out one or more windows and see the water. Many beach houses include lots of glass which makes it easy to view from almost anywhere in the home.

A mountain view is also quite beautiful. Looking out from atop an elevated area often lends itself to breath-taking views from below. You can see treetops, objects, and people from a great vantage point high above all the action. This type of view is enhanced by the nature around it. An open area outdoors would be nice here because it would afford the viewer plenty of opportunities to really get a good look at the surroundings.

Homes built on top of a hill are also quite popular. This won’t give you the same vantage point as a mountain view would, but you can still see everything from a higher elevation. Again, planting fewer trees may enhance this type of view as well. The key is not to obstruct it.

So why do home buyers look for homes with views? A home with a view will typically be desirable because it’s pleasant and often calming to look out over beautiful surroundings. Properties with views are also worth more money, which works out well when it comes time to sell.

There’s no magical number when it comes to pricing a home with a view. One homeowner may feel a home is worth a certain amount while a prospective buyer may disagree. What it comes down to is how important a particular view is to each particular person. Some will be willing to pay more than others when it comes to purchasing such a home. Still, a “view” may be at the top of a home buyer’s list of features to look for in a property. As an article posted on MSN Real Estate points out, appraisers, brokers, and market analysts will help identify the least a seller will accept and the most a buyer will be willing to pay in a certain market. If a home with a view is appealing to you, decide how much you’re willing to pay and begin your search from there. You can learn more about this and other real estate topics by visiting Dean Graziosi’s blog.

The Final Walk Through Overview and Why It Is Important

final walk throughThe final walk through is one of the most crucial steps to take before closing on your new home. While it’s easy to relax and not think about this aspect of buying a new home, it’s the little details that really matter after all. Dean Graziosi outlines the important points where the walk through is concerned and describes why they are important.

The walk through gives you a last chance to make sure all is well with your new property before the closing. This is where you get to look at all the tiny details and make any last minute decisions that may be necessary. It will help you feel better about your purchase and is where you will have the opportunity to pinpoint any problems that need to be taken care of before the house is actually yours.

So when should you schedule the walk through? The walk through itself takes somewhere around 30 minutes to complete. This will give you plenty of time to be thorough in your assessment. Here you will want to check for any new issues that may have arisen since the last time you were in the home. This may be especially important if a natural event such as a storm occurred between the last time you were there and the actual walk through. The walk through is important because once you close on the home, the former owners are no longer obligated to make any repairs to damages or problems that occur.

You will need to schedule the walk through about 24 hours before the closing date. This will give you a chance to address any potential problems right up to the closing itself. The key is to be thorough and look at all the little details. It wouldn’t hurt to bring someone with you to the walk through as well. An extra pair of eyes might see something you’ve missed and it’s always better to realize the problem before the closing than after.

So what should you look for during the walk through? Check all major appliances to be sure they are working properly and no significant issues are present. Even the smallest of problems should be addressed. Ask if there are any warranties and owners’ manuals available for the appliances.

Make sure all previously agreed upon repairs were made. If the seller decided to leave any fixtures behind, make sure they are all present. Check out the property inside and out. You should look for any damages such as scratches on walls or floors that occurred upon the home owner’s moving out.

Lastly, bring a home inspector with you. As an article posted on the All State blog advises, many industry professionals recommend this to ensure no problems exist and that repairs have been made as requested. You can read about this and other real estate topics by visiting Dean Graziosi’s website.

To Make Money In Real Estate You Need To Understand Returns

iStock_000017640518_SmallThe majority of people who choose to invest in real estate do so in hopes of becoming wealthy.  However, it is not as simple as purchasing a home or two and using them as investment properties; Dean Graziosi explains that in order to make a profit you need to understand that four distinct components of investments return.  Basically what he is saying is that there are four primary ways in which money can be made from real estate, they are:

  • Cash Flows
  • Appreciation In Value
  • Mortgage Principal Pay Down
  • Income Tax Benefits

Just because there are several components of returns, does not mean that you are going to become instantly wealthy.  Many people make bad real estate investments because they do not perform the proper research before purchasing a property.  Before you make any type of investment in real estate, you should conduct the proper research and make an informed decision.  To help you better understand the four different investment components, we have put together some helpful information.

Cash Flow Positive

Cash flow positive properties are investments that have been shown to produce profits.  Purchasing properties that have demonstrated positive cash flow is the most effective way in which you can ensure that your investment will increase your current level of wealth.

Appreciation In Value

The majority of people who purchase property do so with the intent of holding onto it until it appreciates in value.  This is a worthwhile venture for those who can afford to hold onto the property for a minimum of fifteen to twenty-five years.  If you cannot wait that long, you will likely not become wealthy using this method.

Mortgage Principal Pay Down

If you obtained an amortizing mortgage when you purchased your property, you may be able to realize some return on your investment.  How this works is that each time you make a monthly payment, you pay the accrued interest plus a portion of the outstanding principal of the mortgage.  The principal is all investment return and can increase the size of your returns.

Income Tax Benefits

When you own investment property, there are some income tax benefits that you may be able to use to make a profit on your investment.  If you are self-employed or earn more than $150,000 a year you will likely not see any large tax benefits from your investment properties.  Before you start spending your any of the income you expect to make from tax benefits on your investment property, you should first consult a tax expert who will be able to tell you whether or not you will actually make any type of profit at all.

Tips for Getting Your Home Ready To Sell

177735411As we enter the hottest season for buying and selling a home, Dean Graziosi has some helpful information that will help you get your home ready to sell.  Spring and summer are the most popular times for sellers to list their homes.  If you’re among this group, you may be wondering how you can help your home stand out from all of the others on the market.  Below you will find some helpful tips that will ensure your home receives the attention it deserves from potential buyers.

  • Clear The Clutter – The first step to ensuring your home makes a positive impression on potential buyers is to remove all of the clutter.  Removing unnecessary clutter from your home will help make it appear more bright, larger, and warm and inviting.  During this process, you should create three different piles one for items that you will be tossing out, one for items that you plan on donating, and one for items that you are going to keep.  The first two piles will help you reduce the amount of items that you will have to move when you sell your home.
  • Pack Up Early – Packing items that you do not use on a regular basis before you list your home is a great way to clear space in your home.  It will also help reduce the amount of stuff you will need to pack once your home is sold.  Once you have packed the items that you do not use regularly, you should store them in your garage or attic.  This will prevent potential buyers from seeing them, while you wait for your home to sell.
  • Make It Less Personal – According to Dean Graziosi, this is one of the most commonly overlooked steps.  Sellers have a hard time removing personal items from their home because they are proud of their family and their personal belongings.  But if you remove all of the personal items from your home, the space will feel larger to potential buyers.  It will also allow them to visualize their own belongings in the home.
  • Make Your Home Neutral – Going through your home and painting it with neutral colors  is highly recommended.  This will help create a warm and inviting space that sellers can easily imagine as their own.  It is also one of the least expensive changes sellers can make to their home.

If you’re ready to sell your home, the tips that I have listed above will help potential buyers envision living there.  They will be able to picture their own furniture and belongings in the home, while planning on what they would do with the space.

The Cost of Replacing a Septic System

septicIf your home is located in a rural area, you are more than likely familiar with septic systems according to Dean Graziosi.  A septic system is similar to having a small waste treatment plant in your home, but when something goes wrong with the system, it can be somewhat of a financial burden.

There are many different types of septic systems in use, but one of the most common systems is the septic tank absorption field type of system.  With this type of system, waste leaves the home via a drain and flows to the septic tank which is typically buried underground.  The waste that leaves the home will remain in the tank long enough for the solids to settle and turn into sludge.  Any grease or oils that have entered the system will float to the surface.

These types of systems feature outlets in the tank which are designed to hold back the sludge and grease and oil scum that accumulates.  While these items are being held back, the clear middle layer; also known as effluent, will flow out into the drain field.  Once the middle layer reaches the drain field, microbes in the soil will then begin to digest or remove the majority of the contaminants that are in the fluid before it can reach groundwater.

The size of the system that you will need is typically determined by the size of your home and the number of people who reside there.  It is highly recommended that any work or installation be done by a trained professional due to the fact that it is responsible for moving biodegradable waste matter.  While many homeowners may be capable of performing work on the system, it is best to have a professional handle the installation and maintenance.

The average cost to install a septic system can depend on the area in which your home is located.  On average, a standard gravity system for a three bedroom home located on a level site with acceptable soil can range from $1,500 – $4,000.  It is recommended that you contact several installation companies to get bids on the work.  This will help you choose the company that fits best with your budget while still ensuring that the work will be properly done.

Other factors can affect the price of the system, such as the septic tank, drain gravel, pipes, permits, and risers.  Depending on the type of material your septic tank is made from, the price can increase a few hundred dollars up to a thousand.  You will also need to have drain gravel laid to ensure that the absorption field is properly laid out.  The average cost of drain gravel can range from $12 – $30 per ton of gravel.

Dean Graziosi recommends contacting a number of septic system installation companies to find someone who has experience and knowledge in the area of septic tank installation.  With so many details involved in the process, it is best to work with someone who understands what is required.  You should also ask any questions you may have regarding the installation process to ensure that you understand what will be done.  The more you know about the process, the more prepared you will be should you ever have to go through the process again.

Tips for Moving This Summer

movingNow that summer is fast approaching, it’s time to take steps to put your home on the market. Summer is typically a good time to sell a home because kids are out of school and parents often take vacation time off work. Preparing your home for the sale is important. Dean Graziosi has provided some tips to get you started.

Begin before summer by giving your home a thorough spring cleaning. This will help you stay ahead of the game by giving you less to do later on in the summer.

Put unused items in storage. Packing early will give you less to do when moving day arrives. It’s a great time to get rid of things you no longer use or may not have room for in your new house, particularly if you plan to downsize. Packing unused items gets them out of the way and decreases the amount of clutter in your home.

Spruce up the pool and the area around it. If you are lucky enough to have one, it can be a great selling point. Make sure it is thoroughly cleaned and the surrounding areas are clean and well-manicured.

Give the yard some much-needed attention. Take advantage of the warmer weather and mow the lawn, plant flowers, and landscape. If you are unable to do this yourself or simply don’t have the time, consider hiring someone to take care of it for you. The front and back yards should be well-maintained. The front yard is what prospective buyers will see first before ever entering the house, and the back yard will make an impression on them, especially if a pool is involved or the yard is especially large and the buyers have children.

Remove items from the yard that may be causing clutter. Outdoor entertainment areas have become very important to home buyers of today, so they will likely relish using their imaginations when checking out the exterior and yard of your home.

Air out your home. This is something you’ll probably want to do in the spring, especially if summers in your area are especially warm or hot. Airing out the house will give it a fresh smell and help let in a lot of light. This will help rid your home of any unwanted odors and make it more appealing to prospective buyers.

Stage your home. According to an article posted on foxct.com staging your home will present it in the best light. It’s an important part of selling and a step that should definitely not be ignored. You can either choose to do it yourself or hire someone to do it for you.

Getting your home ready for a summer sale will help alleviate some of the stress by helping show off its more attractive features. Visit Dean Graziosi’s website for more tips on buying and selling real estate.