A good show of Income Property was on this week. This one was slightly different as the landlords had already rented out the basement at $850 / month and where just trying to get the unit in move in condition.
The first option was to get the unit up to meet rental code.
The second option was to get the unit to code, plus do the bathroom, kitchen counter top and put in new appliances.
The home owners picked the 2nd option at a cost of $8,500 which was a good choice for them since they found a lot of rot and mold behind the shower when they opened it up.
Thus by spending the money now on the show, they avoided a costly shower fix in a few months!
Wednesday, 11 January 2012
House Hunters New Orleans
I saw the end of a house hunters show last night which was about a couple moving from New York City back to New Orleans.
I wanted to comment that a lot of New Orleans real estate must be doing better now. I was expecting that home prices in that market would still be in the dumps but we were looking at homes in the 500k range that had only 3 bedrooms!
Looking forward to getting a chance to watch the entire show.
I wanted to comment that a lot of New Orleans real estate must be doing better now. I was expecting that home prices in that market would still be in the dumps but we were looking at homes in the 500k range that had only 3 bedrooms!
Looking forward to getting a chance to watch the entire show.
Thursday, 5 January 2012
House Hunters in Chicago
Another new show of house hunters was on HGTV this week. In this issue we have a couple looking to purchase a new home in Chicago nearly Wriggley stadium.
They ended up having 3 choices:
#1 Was an old converted Couch House with no outside land and no parking it was 440k and only 1500 feet.
#2 Was a 3 unit home which included 2 units for renting. Thus making the 575k price tag affordable. It also include 2000 feet of living space in the owners unit.
#3 Also had a single rental unit on the first floor, with a nice 4 bedroom 2 bathroom owners unit on the 2nd and 3rd floors. It had 1700 feet for the owners and some updates. However the 3rd floor was a converted attic with some small bedrooms in my opinion. However the price tag was 577k.
In the end the home buyers picked opinion #3.
They ended up having 3 choices:
#1 Was an old converted Couch House with no outside land and no parking it was 440k and only 1500 feet.
#2 Was a 3 unit home which included 2 units for renting. Thus making the 575k price tag affordable. It also include 2000 feet of living space in the owners unit.
#3 Also had a single rental unit on the first floor, with a nice 4 bedroom 2 bathroom owners unit on the 2nd and 3rd floors. It had 1700 feet for the owners and some updates. However the 3rd floor was a converted attic with some small bedrooms in my opinion. However the price tag was 577k.
In the end the home buyers picked opinion #3.
Wednesday, 4 January 2012
House Hunters - Jupiter Florida
I saw one of my first new editions of House Hunter in a very long time over the holidays and I'm finally able to comment on it.
This house hunters took place in Jupiter Florida and covered a single woman looking to buy a home. The most notable thing about this show was that it seem very pro house owners association (HOA).
The buyer wasn't wanting to do much upkeep with the outside of the house and was thus the REALTOR was really pushing the advantages of an HOA. I've never seen this before and figured that it was worth a comment.
This house hunters took place in Jupiter Florida and covered a single woman looking to buy a home. The most notable thing about this show was that it seem very pro house owners association (HOA).
The buyer wasn't wanting to do much upkeep with the outside of the house and was thus the REALTOR was really pushing the advantages of an HOA. I've never seen this before and figured that it was worth a comment.
Happy New Year to My Readers
I just wanted to wish all of my readers a Happy 2012 New Year!
I hope that you've had a great holiday season and that 2012 brings you lots of success. I'm certain that we will have lots of real estate TV and video to discuss going forward!
I hope that you've had a great holiday season and that 2012 brings you lots of success. I'm certain that we will have lots of real estate TV and video to discuss going forward!
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