|Real Estate Information|
How to Decrease the Value of Your Own House
Owning a house is part of the American Dream. Depending on where you live in the US - home ownership can be around 70%. That means that 70% of people own their own home. That is very high compared to other countries. Owning a home is usually a nice piece of independence and also part of building a nest egg for retirement. Home ownership is considered an investment. But then it is surprising how many home owners treat their own home as if it would be something they don't own.
Imagine the case of a lady in Highlands Ranch, Colorado. She bought a ranch-style home in late 2004 for $265,000.00 - mainly financed through a mortgage. She owes about 95% of the house value to a mortgage company. Highlands Ranch, Colorado is a covenant controlled neighborhood. Strict rules are in place of how to maintain a certain level of landscaping and to keep the property in shape (+ many more things). The covenant rules give a development a more standard appearance, and control some of the activities that take place within its boundaries. When enforced, covenants protect property values. When buying a house in Highlands Ranch the new owner agrees to obey the covenant rules by contract.
The lady from our example above decided to let maintenance of her landscaping slip. The grass was growing out of control. Then summer came along and as she did not have an automated sprinkler system for her yard no watering was done at all. This took care of the fast growing grass in a certain way. The grass started dying in the dry Colorado summer. The outside appearance of the former $265,000 home took a toll. Currently a real estate agent estimates the value of this house in question at $250,000.
The lady from our example took her home and did not treat it as an investment. If she would have to sell her home now she will have difficulties to receive her invested money back. If she would continue to treat her home not as an investment she will eventually turn the investment into a liability and risk her credit history. Especially as her home is in a covenant controlled area she faces extra cost associated with her house. The covenant community association can even put a lien on her home and enforce the covenant rules by sending in a landscaping company to fix the problem - at the owners expense.
In our example the Highlands Ranch Community Association has started the initial process of getting the property back on track. A dated notification has been send to the home owner to bring the property back into compliance with the rules.
Overall - if investing money and letting interest in maintaining the investment slip, means the person involved is throwing money out of the window. If you have enough cash this is not a problem but who has enough cash to do this? Buying a house means to take on the burden to maintain it. Failing to do basic maintenance means to lower the value of the property.
About The Author
Christoph Puetz is a successful Entrepreneur and international book author.
This article can be published by anyone as long as the resource box (About the Author) is posted on the website including the links. These links must be clickable.
Routt County real estate sales total $7.4M for Oct. 11 to 17, 2019 Steamboat Pilot & Today
Real Estate Transactions for Sunday, October 20, 2019 | Transactions Charleston Post Courier
Real Estate Transactions | Business TribDem.com
La Crosse County real estate transfers for Sunday, Oct. 20 La Crosse Tomah Journal
Local News, Real estate prices going up, up, up Coeur d'Alene Press
Real estate company faces $71,000 ethics fine Los Angeles Times
Real estate transactions for Oct. 20, 2019 | Business Roanoke Times
Admissions scandal: Real estate developer gets 1 month in prison Los Angeles Times
Moore Real Estate Fort Worth Fort Worth Star-Telegram
REAL ESTATE Arkansas Democrat-Gazette
Inside the Katy Perry Convent That Sparked a Real Estate War Hollywood Reporter
Well-connected real estate lawyer sells Lincoln Park home Crain's Chicago Business
REAL ESTATE MATTERS: Taking rental out of LLC and converting to primary residence: Good idea? - Sarasota Herald-Tribune
REAL ESTATE MATTERS: Taking rental out of LLC and converting to primary residence: Good idea? Sarasota Herald-Tribune
10-19-19 - Real Estate Radio Hour Talk Radio 1210 WPHT
3 reasons to invest in real estate, according to a financial planner who owns 10 rental properties - Business Insider
3 reasons to invest in real estate, according to a financial planner who owns 10 rental properties Business Insider
Burt • Ladner Real Estate Fort Worth Fort Worth Star-Telegram
Dodge County real estate transfers Fremont Tribune
Real Estate Briefs | Real Estate Charleston Post Courier
Real Estate Transfers: Oct. 20, 2019 | Business messenger-inquirer
WeWork woes pose ominous risk for NYC real estate Fox Business
Real estate mogul Barry Sternlicht: WeWork went 'off the rails' but it's still a 'real company' - CNBC
Real estate mogul Barry Sternlicht: WeWork went 'off the rails' but it's still a 'real company' CNBC
What is wellness real estate? Curbed Atlanta
A fourth Republican woman has announced her candidacy for Congressional District 3 - Farmington Daily Times
A fourth Republican woman has announced her candidacy for Congressional District 3 Farmington Daily Times
Oct. 19 Real Estate Transactions The Newark Advocate
Recent Commercial Real Estate Transactions The New York Times
Christie's International Real Estate Fort Worth Fort Worth Star-Telegram
Report: Trump tweaked real estate figures to get smaller tax bill The Mercury News
RE MAX REAL ESTATE CENTER - Ad from 2019-10-20 | Real Estate The Times and Democrat
Low month's supply of homes continues to benefit sellers Las Cruces Sun-News
Country Connection Team offers equestrian estate in Plano The Dallas Morning News
Real Estate, Homebuilders Continue To Roll Seeking Alpha
Report: Real estate professionals sell more homes and at higher average prices in 3rd quarter - Longview News-Journal
Report: Real estate professionals sell more homes and at higher average prices in 3rd quarter Longview News-Journal
New homes are on the rise in Bakersfield real estate market The Bakersfield Californian
Real estate transactions for Sunday, Oct. 20, 2019 | Business Quad-Cities Online
A closer look at Elon Musk's real-estate portfolio: photos Business Insider
Real-Estate Matters | Filed deed with name on it key to rights after home sale - The Columbus Dispatch
Real-Estate Matters | Filed deed with name on it key to rights after home sale The Columbus Dispatch
CBJ hosts Heavy Hitters Commercial Real Estate Awards event Charlotte Business Journal
Real Estate House - Ad from 2019-10-20 | Other Napa Valley Register
Boston Retirement hunting for real estate debt manager Pensions & Investments
Navigate hills and valleys of real estate | Business Elizabethtown News Enterprise
Yellow fall wildflowers in Florida | Real Estate Citrus County Chronicle
Real estate fraudster Rick Koerber gets 14 years in prison during raucous hearing on his Ponzi scheme - Salt Lake Tribune
Real estate fraudster Rick Koerber gets 14 years in prison during raucous hearing on his Ponzi scheme Salt Lake Tribune
PHOTOS: Biggest off-season Palm Beach real estate deals, including $105M record-setter - Palm Beach Daily News
PHOTOS: Biggest off-season Palm Beach real estate deals, including $105M record-setter Palm Beach Daily News
Real estate notes from The Oklahoman for Oct. 19, 2019 Oklahoman.com
State board revokes license of felon Tampa Bay real estate agent Tampa Bay Times
Opinion | When the Dream of Owning a Home Became a Nightmare The New York Times
Local Real Estate Sales Slow Slightly Traverse City Ticker
Can I Sell My Apartment While My Building Is Being Repaired? The New York Times
Real Estate Transactions: Oct. 19, 2019 Fairfield Daily Republic
REAL ESTATE ONE -SOUTHGATE | Ads | thenewsherald.com Southgate News Herald
Berkshire region real estate sales Sept. 29 – Oct. 5, 2019 | theberkshireedge.com
Sponsored: Real Estate Confidential: Go play in the basement Martha's Vineyard Times
Real Estate Fresh Finds: October 16 PoPville
Southeast Michigan real estate broker company suspended WDIV ClickOnDetroit
Real estate deal closes for Hotel Pawnee, clearing the way for restoration North Platte Telegraph
An Introduction to Real Estate Crowdfunding The Motley Fool
How Greed Derailed a Billion-Dollar Real Estate Deal for The Mountain Hollywood Reporter
Streamlining real estate Greater Wilmington Business Journal
Real Estate Insider: Why scaffolding appeared at Washington Boulevard building downtown - Crain's Detroit Business
Real Estate Insider: Why scaffolding appeared at Washington Boulevard building downtown Crain's Detroit Business
Nearly a fifth of all homes sold in South Florida are bought by investors, study says - Miami Herald
Bethenny Frankel's real estate advice Yahoo Finance
Should You Sell Before the Housing Bubble Pops
For the past several years housing prices have risen dramatically. With interest rates continuously moving up, and more and more people being priced out of the market, all signs point to an imminent housing market correction.
Buying and Selling Real Estate: Negotiating to Win-Win
You don't get what you deserve - you get what you negotiate for.If you've spent some time on homekeys.
How Real Estate Investors Use Mortgage Note To Purchase Properties
Many of you may not be aware of the various ways notes can be used. The average person's understanding about notes is that people create them because they are desperate to sell a property.
At Home In Your Overseas Home
Homeownership, in any form, is a big step for most people. In fact, it's often one of the biggest financial decisions of our lives.
Property Investment Strategy: Securing Properties with Little or No Deposit
Property Investing often requires creative strategies to make it successful. Professional property investors often use the option contract as a tool to develop some useful investment strategies.
Advantages to Buying or Owning a Condominium
Condos have become an increasingly attractive home ownership option for singles, young couples, families and retired couples (that's just about everybody!). A condo is a viable option for anyone who wants to own a home without the worry of repairs, maintenance and dreaded chores like snow shoveling.
How To Create A House Buying Wish List For Your Dream Home
Buying a house is one of the most exciting things you will ever do. But there are LOTS of little details involved - details which can be very costly if they are overlooked.
Buying a Vacation Home
You'd like to buy a vacation home, but you're not sure where to begin. Perhaps the single most important point to determine up front is why you are buying a vacation home.
Why Real Estate?
Five months ago I was faced with a decision to keep doing the same thing that I loved or go and try something different and change my life for the better. Well would you like to know what happened?Maybe next time.
Personal Branding Techniques for Real Estate Agents and Brokers
Branding can be done to any product, or any person. Before undertaking an exercise in personal branding, however, consider your distinctive strengths and abilities and what they offer the market place.
What is a Foreclosure?
A foreclosure is an action taken against a property owner by seizure of his/her real property. It can be for many reasons.
Selling Houses: Design Psychology Works!
I've taught the concepts of Design Psychology for many years, and I know how much it can empower a person, and allow them to create a fabulous home that sustains their emotions. Since it's based on science, I know that Design Psychology is effective at turning plain spaces into happy places.
Should You Allow Buyer To Rent During Closing?
It's not uncommon for an investor to sell a house and have the buyer request the right to rent and occupy the property while the closing is being completed.You're a bad guy if you refuse and often in hot water of you agree.
Dont Sell Your House--Ever!
Keeping your existing house when you buy a new one could be THE most profitable financial decision you could make. Consider the following:1.
Types of Listings with Agents
There are several different types of listing contracts. Few of them are detailed below:Open ListingThis type of listing is when you, the seller, don't want to commit to any one particular agent and when you are also open to selling the home by yourself.
Safe, Scenic & Secure Sussex County Delaware
As I write this, there is a considerable concern about the dangers of urban life, triggered by the terrorist attacks on the USA. As some of you know, I have been a student of disaster preparations and a real estate consultant for those seeking "secluded and survival properties" for over thirty years.
Land Subdivision - $1.2 Billion Dollar Developer Tells You How To Do It
Land subdivision is a bit like helping Mom slice up her beautiful Apple Pie; it's all so easy, when, like Mom, you've done it a few times. So let's see if we can get the ingredients for a land subdivision correct so you can do it right first time, OK?Every city or town in the free world has a Town Plan and it comprises, not surprisingly, of plans or maps, usually with lots of different colors all over them, but also lots of words explaining what the colors mean as well as lots of Rules that tell you what you can do with land.
Avoid The Traps Of Finance
Most consumers are told where to get their mortgage because few people personally know and trust a mortgage or loan officer or correspondent (the same thing). It used to be agents would take their buyers out to find the house they wanted, then to their favorite mortgage company.
Real Estate Investing: Beware of Subject To Promises
Another real estate writer's mini course, full of promises and fluff, ended with a "lesson" on why you need to buy his book so you can finance multiple properties "subject to." The reason, he said, "because banks won't let you finance more than ten mortgages.
Real Estate Investing - So You Want to be a Landlord!
Is landlording the way to go if you are starting into real estate investing today?Receiving cash flow from rental residuals is an exciting idea. If the rental housing is congregated in large apartments within a focused area, the costs of management and maintenance are more economical.
|home | site map|
|© 2006 TIGER MEDIA|