Monday, February 22, 2016

The Benefits of Gardens

Real Estate Advisor: March 2016 

The Benefits of Gardens

It seems as though in the past few years gardening and backyard farms have become more and more popular throughout the United States. With spring quickly approaching in the northern hemisphere, many homeowners throughout the U.S. will take on the outdoors with the intention of sprucing up winter-wrecked yards. While many homeowners will concentrate on their yard, many others will focus on their backyard gardens. Traditionally, a garden is assumed to be a place to grow fruits and vegetables, but gardens can take on a many different looks and styles. Whether mainly for food, or for the beauty and aroma only flowers can produce, home gardens have a number of benefits for homeowners, and should you consider giving your yard a revamp this spring, consider adding a garden or a small garden area to your outdoor space. 

Benefits of Home Gardens

Gardens, whether for the joy of flowers or for fruits and vegetables, come in a number of shapes and sizes. While providing a great sensory experience and a way to reconnect to the natural world around us, gardens also help to keep the body limber and improve overall mood. A study done in the Netherlands suggest that the relaxing nature of gardening can help fight stress, and a study in Norway found that people who suffered from depression and other mood disorders shower measurable improvements in their symptoms after three months of gardening (where six hours per week were spent in the garden). If you're not interested i the potential health benefits of gardening, adding plants and flowers to your yard is a great way of updating a meager outdoor space and makes a backyard more enticing to potential buyers from additional textures, scents and organization. Also, adding touches of color by way of plants and flowers is an excellent way of improving curb appeal should you consider putting your home on the market in the coming months. 

 Community Gardens

 Don't have time for an outdoor garden, or are your lacking a space large enough for a garden? There are a number of alternatives to bring the joy of gardening into your home or life. A very popular option that has popped up around the U.S. is community gardens. Located throughout communities from the east to the west, community gardens have helped provide a place of retreat from urban areas plagues by noise, or for those individuals who want a relaxing place to go when they have free time. Community gardens provide a number of benefits, from a place for recreation and exercise, to providing health benefits by easing stress and helping to improve overall mood. Studies have also shown that those who participate in a community garden generally eat healthier, more nutrient dense diets, and a community garden helps to create and foster relationships throughout a community.

Container Gardens

Another option for those who don't have a yard or outdoor area large enough for a traditional garden is a container garden. Another trend gaining popularity throughout the U.S., container gardens allow homeowners to have smaller gardens in tight spaces. Plants (which can be anything from traditional flowers and shrubs to fruits, vegetables and herbs) are placed in containers, usually one plant per container, and allow the gardener the ability to choose specific plants for their needs and wants. Only interested in succulents, or just interested in plants that require little water and maintenance? A container garden is a great option. Container gardens can range from small to robust, and they provide an excellent alternative to a traditional garden. Other popular options for 'alternative' gardens are hanging gardens and indoor gardens. These gardens can be fully indoors and very much take on a container garden feel. Container gardens can also help add pops of color to porches and patios, and they are a great way of adding appeal to drab areas for potential home viewings. 

  Backyard Farm

Do you feel particularly adventurous when it comes to adding a garden or outdoor feature? If you have time, resources and space, consider a backyard farm. Chickens have become a popular backyard feature throughout the U.S., in both urban and rural communities. Chickens can provide a number of benefits to a yard or outdoor area: they act as natural pest control; they produce eggs; they will eat table scraps as well as weeds and garden clippings, and chick manure is also considered one of the best fertilizers for gardens due to its high nitrogen, potassium and phosphorous content. While not for every homeowner, backyard chickens can be fun for every member of a household!

Monday, February 1, 2016

Flipping Homes

Real Estate Advisor: February 2016

 What's the Deal with Flipped Homes?

Americans love their home improvement and design shows. With entire channels dedicated to DIY, home decor and design, and everything related to U.S. real estate, we love the possibilities that lie within the real estate market in America. One popular aspect of many shows and publications is home or house flipping. We hear a lot about flipping homes, but what does that really mean? Is it feasible for everyone? Are there risks? Should you buy a flipped home, and what questions should you ask if your property search lands on a potentially flipped property?

 What is Flipping?

Flipping is a predominately U.S. term used to describe purchasing a property with the intent of quickly reselling it for a profit. Most of the time, properties that are purchased with the intent to flip are those that are distressed, abandoned, or otherwise in need or repairs that make the property less desirable to other potential buyers. Flipping has become increasingly popular throughout the U.S. in the last decade, and many people have become successful real estate flippers with the vast and varied real estate markets throughout the United States. 

Can Anyone Flip a Property?

Many programs on television make house flipping look easily attainable to anyone and everyone. The fact remains that flipping a property is risky business that requires a large amount of work experience, funding (preferably cash), excellent credit and a good understanding and almost intuitive knowledge of the real estate market. If you're interested in flipping properties, the best way to get started is by talking to someone who has experience and has had success in flipping real estate. There are many things to know about flipping real estate that should be addressed before the idea is even entertained. 

What are the Risks of Flipping a Home?

There are risks with any kind of real estate investment, but inexperienced flippers can make a number of mistakes. There are a number of costs that comes with flipping a property, and new flippers can make the mistake of not having enough money to cover the entire project - from the acquisition of the property, to the renovations, taxes, utilities and more. Another risk of flipping properties is time, or lack of time. Finding the right property can take months, and once you own the property there is a time commitment to renovations, commuting, inspections, and ultimately the marketing and selling of the property. Other risks that new flippers run in to are not having enough knowledge about the real estate market and failing to purchase the right property for a flip; a lack of skills when it comes to working on the property and putting in the sweat equity (hard work) required to get it up to market standards; and ultimately lacking patience when it comes to the entire project as a whole. 

Should I Buy a Flipped Home?

Often, flipped homes have mostly cosmic changes done in order to attract buyers and ultimately get the property sold. You might fall in love with fresh paint and brand new appliances, and generally speaking, most flipped homes attract many buyers because they have a smaller initial to-do list than other properties on the market. If you're looking at a property that could be a flip, be sure to ask these questions: What is the home's sale history? If the homes recently sold for much less than its current asking price, it's possible it is a flip. Does the outside of the home match what's inside? If the exterior of the home is older, and the interior looks brand new, it's very possible someone is trying to flip the property. Information is your best friend when it comes to a flipped home, so getting the most information up front will help guide you toward pursing the property or not.
If you believe you're looking for a flipping home, consider asking the seller what changes have been made to the property, and check to see if any permits were issued for the work. Also, some buyers might be blinded by all the new interior cosmetic updates that they forgot about the bones and foundation of the home. Regardless of whether a home is old or new, always hire an experienced and licensed inspector to check over the home to make sure you're getting the most for your money when it comes to buying a property.