808 Oahu Realtor (Ryan Riggins) License #RS-74740

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Making Room in Your Rooms this Spring

retain remove.jpgThe more things you have, the more you have to take care of.  And in this case, the more that you have to store that gets in the way of finding the things that you actually use.  Periodically, you need to go through every closet, drawer, cabinet and storage area to get rid of the things that are just taking up space in your home and your life.

Every item requires the decision to retain or remove.  Consider these questions as you examine each item:

• When was the last time you used it?
• Do you believe you’ll use it again?
• Is there a sentimental reason to keep it?

You have four options for the things that you’re not going to keep.  If you know someone who needs it or will appreciate it, you can give it to them.  You can sell it in a garage sale or on Craig’s List.  You can donate it to a charity and receive a tax deduction or you can discard it to the trash.

Start with your closet. If you haven’t worn something in five years, get rid of it.  Then, go through the things again and if you haven’t worn it in two years, ask yourself the real probability that you’ll wear it again.

Another way to do it is to move it from your active closet to another closet.  If a year goes by in the other closet, the next time you go through this exercise, those clothes are on their way out.

If the items taking up space are financial records and receipts, the solution may be to scan them and store them in the cloud.  There are plenty of sites that will offer you several gigabytes of free space and it may cost as little as $10 a month for 100 GB at Dropbox to get the additional space you need.  It will certainly be cheaper than the mini-storage building.


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Prepping Your Home for a Successful Sale

  Hey Everyone just your 808 Oahu Realtor with some FREE Tips!

It may be a seller’s market again, but you still want to move your home quickly and get the best price for your property. Here are some tips that will make selling your home faster, less stressful, and more profitable.

 

1. Choose the right real estate agent. It’s important to hire a professional that knows just how to showcase your home to its best advantage. Get referrals from friends and family, and set up interviews with agents you think you can work best with. Be sure to ask about MLS listings, setting up mobile advertising, and open houses. You’ll be working closely with the agent and relying on them to help you set pricing and draw up your contract; don’t just take the first person that comes along.

 

The right agent will even be able to assist you with the other tips on this list. Remember, real estate agents are experts at buying and selling homes, and they are on your side: They want you to sell your home quickly and for a great price, because, after all, that is their business.

 

2. Create an amazing first impression. This means cleaning, clearing, and de-cluttering. Your home needs to be almost a blank canvas upon which the buyers can project themselves and their possessions. Strive to make your home look as much like a model home as you can. From the driveway to the basement, your property needs to be neat and tidy, personal items should be stowed away, rooms should be bright and cheerful, and you should do all you can to make each space look large and inviting.

 

3. Make some minor tweaks. If your home needs a little help to look its best, select quick and inexpensive updates that will give you the most bang for your buck. A coat of neutral paint, professionally cleaned carpets, and a new dishwasher or even new drawer pulls can make a huge difference to a buyer on the fence.

 

4. Get a home inspection. This one is a bit unusual, but it could save you some heartache in the end. Your buyers will almost certainly insist on an inspection, so instead of getting blindsided by dry rot in support-bearing beams or electricity that’s not up to code, you can know what’s coming, choose what you wish to address, and price accordingly.

 

While many factors are on the side of the seller in today’s market — including low inventories in many desirable neighborhoods and slowly rising mortgage interest rates — it’s still in your best interest to put some effort into getting your home into the best shape for showings that you possibly can.

If  you have questions feel free to reach out to us. Maybe you are looking to sell or know of someone moving in the next 6 months? We would love to help. Contact us today

Aloha

 


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Find a Better Return

Find a Better Return

Return on Investment.pngA certificate of deposit will generate a cash flow based on the interest rate that it pays which is the only way it generates a return for the investor.

An investment in a stock that doesn’t pay dividends, would need to be worth more than you paid for it to earn a profit.  On the other hand, a stock that paid dividends could make the investor a profit even if it sold for the same price that he paid for it.

Investors can profit four different ways with an investment in rental real estate.

1. Cash flows that result from having a surplus after collecting the rent and paying the expenses.

2. Equity build-up results from a portion of each monthly payment reducing the unpaid balance.

3. Tax benefits can result from the depreciation allowed on the property and the preferential long-term capital gains tax rate.

4. Appreciation benefits the investor when the value of the property increases.

The most conservative investors in real estate make decisions to purchase a rental property based on its ability to generate a cash flow and reduce the mortgage through normal amortization.  If the property can offer an acceptable rate of return compared to other available investments, the tax benefits and possible appreciation become an added bonus.

With increased rents and low mortgage rates for investors, rental property can offer significantly higher returns than many of the available alternatives.  Contact me for more information- Ryan@Ryanriggins.com; you may be amazed about what is available in the market.