Duarte/Downey Real Estate Agency, Inc



Posted by Duarte/Downey Real Estate Agency, Inc on 5/24/2020

Image by Annalise Batista from Pixabay

One of the basic things that people prepare for in their end of life planning is their property. A family home, for example, is often passed down to the couple's children or next of kin. Often, though, the people who inherit the property don't think about what they'll do with the home once that happens. 

If you've inherited a property but there are no advanced directives attached, there are a few options.

Options for an Inherited Property

Every family is different. If the property has been lefts to siblings or multiple family members equally, you'll need to be in agreement as to how the property is managed. Ideally, all parties will reach an amicable agreement but you can also enter into mediation to make sure everyone's best interest is met and the asset is fairly divided.

The state of the home at the time you inherit it is an important factor. There may still be a mortgage or a reverse mortgage on the home, and those payments will need to be taken up immediately. 

There are three basic options for an inherited property:

  • Sell It. Selling the property can make the most sense when there are multiple beneficiaries. The taxes are often minimal because there's a step-up tax on inherited properties, which means that the property is valued at what it's worth when you inherit, not what it was worth when your parents purchased it. If you've decided to sell, you want to assess the house and make any repairs necessary or decide to sell as is. The second option will often mean that the home will sell for less than is possible in the market, but that may be a better option if the repairs are extensive. Once the house sells, the siblings can divide the total amount and the process is complete.
  • Move In. Sometimes one of the siblings would like to move into the family home as their residence. This means that the new owner needs to pay the other beneficiaries for their portion of the estate. There are different ways that you can finance this — through a traditional mortgage or through private payments to the other beneficiaries. You'll need to assess the house to determine fair value at the time of the transaction so that all parties receive their fair share.
  • Rent It. Some people prefer to keep their family home in the family but all the siblings have their own residence. You might choose to rent it out as an investment property. This will mean managing the property for repairs and the work entailed in finding renters. This option can be an excellent way to generate income, while paying monthly bills associated with the property.

An inherited property can offer a great blessing in financial gain, but it can also be a good deal of work. If your decision is to keep or rent out the property, make sure all parties are on board for the level of commitment that means to save yourself from tension in the future.




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Posted by Duarte/Downey Real Estate Agency, Inc on 5/17/2020

 Photo by Matt Chen on Unsplash

When you’re creating a landscaping plan for your home it is essential to design around the local climate and weather patterns. When you opt for plants that thrive in your area, you know they are well equipt to handle the seasonal changes specific to your location. This adaptation makes them easier to care for and less dependent on extra watering. It is especially important to integrate this kind of landscaping when there is some level of drought occurring where you live. 

What to Keep

Drought tolerant landscaping is a beautiful way to save on water usage. The good news is that creating a more drought-tolerant yard doesn't necessarily mean removing all of the plantings you currently have. 

Large trees are a great asset, plan on keeping those. Well placed trees provide shade for your home and garden which can be an energy saver all year long. Shade trees also allow a diverse variety of plants to grow comfortably and provides nesting habitat for birds and other native wildlife. 

A drought-tolerant landscape typically includes little to no grass. Grass requires regular watering to keep it green and thriving. Lawn watering can be expensive and seasonally limited by the town or city where you reside. Opting to replace even a section of your lawn with a rock garden or wildflowers is guaranteed to reduce your water bill.

What to Add

Focus on plants local to your area. These plants have evolved to handle the local climate and will have the best chance of growing with little to no input from you. In general, using rocks or wood pellets instead of grass for ground covering will serve you well. Try lava rock to cut down on erosion and help the soil retain more water. Install ground cloth under the rock bed or add mulch to curb weed growth and protect your native plants from insects. For an added boost for your plantings, add compost to your soil before the mulch.

Irrigation

An irrigation system could be a helpful addition to your landscape because it allows you to control where and how much you’re watering. If you have an irrigation system in place be sure to have it serviced regularly, especially if you have made changes to the plantings or green areas in your yard. 

If you’re considering installing a new system, an efficient option is a grey-water system. Grey-water irrigation allows for the reuse of water from your in-home sinks, washing machines, showers, and bathtubs to water your plants.

The right landscaping can boost your curb appeal and property value to the next level. Ask your real estate agent for their advice and professional landscaper recommendations in your area.





Posted by Duarte/Downey Real Estate Agency, Inc on 5/10/2020


 Photo by Maria Godfrida via Pixabay

For a homeowner who wants to make green improvements and renovations to their personal property, the Conditions, Covenants & Restrictions, or CC&Rs, of the local homeowner association can pose problems that cost time, money and freedom of choice. This is especially true for homeowners who wish to make structural or aesthetic changes to existing homes. Here are only a few of the battles you might face when the local HOA discovers your plans for going green in a traditional or historic neighborhood.

Your Planned Solar Panels Aren't Warming Anyone's Hearts

While some HOAs may interfere with your choice of color of solar panels, others may not permit them at all. It's an aesthetic dilemma. Allowing solar panels on one home differentiates it from the others. In a community that's built upon history or tradition, individuality is rarely a good thing. If you're thinking of adding solar panels to a home that's governed by an HOA, you may be forced to buy certain-colored panels, or you may be banned from adding them at all. Consider this before buying a home, if you plan to make green upgrades in an area that features a homeowner association.

Your Energy Efficient Windows Are Getting a Cold Reception

Windows that feature double-paned glass or visible solar tints may get you in hot water with your HOA. Changing out historic windows and doors for more energy-efficient versions should be advantageous, right? Not if doing so sets your home apart from your neighbors or your condo unit apart from the rest of the building. If you want those new, modern windows that lower the cost of your energy bill over time, and you live in a home regulated by an HOA, prepare to fight for your right for window replacement. 

Your New Cool Metal Roof Is Being Hotly Debated

Cool metal roofing is all the rage for homeowners who live in dramatic climates. Cooler in summer and warmer in winter, they'd be a big improvement over those old cedar shakes your home is currently rocking. But you'll probably never experience the convenience of cool metal if you live in an historic area where cedar shakes abound. While your HOA can't prevent you from repairing or replacing a failing roof, they can legally limit the materials you use to do it. 

While homeowner associations do a lot for the communities they serve, they can cause consternation to those homeowners who place value on energy efficiency above historic appeal. If you're planning to buy or renovate a home that's regulated by the CC&Rs of the local HOA, make sure you completely understand the limitations they impose before you buy. Once in, you're bound by the rules you agreed to follow, even if it means sacrificing energy efficiency in lieu of tradition. 

 

 

 





Posted by Duarte/Downey Real Estate Agency, Inc on 5/9/2020


6 Bayberry Road , Truro, MA 02666

Truro (village)

Single-Family

$775,000
Price

4
Beds
8
Total Rooms
3/1
Full/Half Baths
This large beautiful custom built contemporary ranch style home with a private association beach at the end of the road is ideal for large families. The main level is comprised of a master bedroom ensuite, an immense open kitchen/dining area for even the largest of families to enjoy a meal together, a huge living room with floor to ceiling brick fireplace and a big comfortable den with lots of windows and a door that leads to the backyard grilling area. The finished lower level is a walk out with 3 good sized bedrooms, 2 full bathrooms, a vast living room area with a pretty fireplace, a large washer/dryer room and a utility room. An over sized 2 car garage, nice outdoor space with natural landscape and lots of trees. Good rental history.
Open House
No scheduled Open Houses

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Tags: Real estate   Single-Family   02666   Truro  
Categories: Price Change  


Posted by Duarte/Downey Real Estate Agency, Inc on 5/3/2020

Photo by PublicDomainPictures via Pixabay

You’ve finally decided to sell your home and now you want the REALTOR® to show you the money! While that sounds like it can happen at the snap of a finger, there are a few things to consider. Are you selling for a profit or is your goal to make the biggest profit you can? If it’s the latter, here are a few things you can do:

  • Step onto the Stage

Staging your home can bring in big bucks. According to the National Association of REALTORS®, 77% of REALTORS® agree that buyers who can visualize a staged property as their future home makes a difference.

  • Research Your Ideal Client

Who are you selling to? Are your buyers people who have children and want a nice neighborhood? Are they wanting a move-in ready home? Unless they are buying solely for the neighborhood, the condition of the home has a lot to do with their decision.

  • Create a Digital Showing

Let’s face it – social media and digital marketing are one of the best ways to connect with potential buyers. Adding a 3D element where they can “walk through” will not only create additional interest, but widens the number of people that may add your property to their list. An additional plus would be if you could upload the floor plans, any warranty and maintenance records to show how well you took care of the home.

  • Appeal to the Curb

If you think buyers aren’t looking at the exterior of the home, think again. They want to see the home in its best light – that means pressure cleaning or painting the exterior, washing the windows, repairing any cracks in the driveway and investing in landscaping.

  • Invest in Upgrades

Upgrades to the kitchen and bathrooms truly make your home stand out. New appliances, eat-in arrangements and lighting have a lasting effect. Have some water or something to drink in the refrigerator and make sure it’s clean. Buyers do peek. If you can afford new, inexpensive flooring that speaks to the environment, that will be a positive in your favor.

  • Have a Neutral Palette

Painting the walls in a neutral color lightens up the space and allows potential buyers to consider what their furniture would look like in the space

  • Stay Clutter-Free

The more you can get rid of so buyers can see an actual representation of how much space they will have the better. Your staging should demonstrate different ways the spaces can be utilized, giving them a wealth of ideas.

  • Other This & That

Installing ceiling fans, smart home tech and other simple touches can instantly put your home at the top of the list.

These are just a few ways your home can help you get top dollar for your home to move forward with a smile on your face. For more tips on getting your home ready to sell for top dollar, work with your REALTOR® for awesome results.




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