Would like to congratulate our clients on the closing of their new home and thank you for giving Preferred Properties of Texas the opportunity to work with you. We hope your new home provides you years of enjoyment.
Looking for that special home to buy or ready to sell the home you have taken such pride in over the years?
Preferred Properties of Texas is here for you!
For any real estate questions or information please contact us today!
It’s inevitable that problems will arise from time to time when you’re dealing with something as complex and extensive as your home’s piping system.
It’s a question of when, not if!
It doesn’t necessarily mean that every situation requires the expertise and knowledge of a plumber. There are some situations that require a professional plumber, but there are many others that homeowners can handle themselves.
Nevertheless, many of these issues should be addressed sooner than later. The longer you leave them unchecked the more likely it is that the problem will grow to the point where a plumber with more experience in plumbing issues will be needed.
It’s best to create a plumbing maintenance schedule, and then stick to it. Perform a maintenance check every month on the 1st to ensure that everything is functioning as intended.
Save money by doing small repairs yourself. If you need to call in a professional for any reason, don’t hesitate to do so.
Some of the most common plumbing expenses that homeowners face include:
A dripping tap can make you insane, but it will also increase your water bill. Who wants to see all their hard-earned cash go down the drain? This is one of the most common problems that homeowners face.
This type of repair is usually doable without the need for a plumber. It’s actually one of the most popular Do It Yourself (DIY) projects in the country.
It’s likely a washer that is stiff, torn, or dislodged that is allowing water to flow through and causing that annoying drip.
You’ll want this to be addressed as soon as possible, as it can get worse over time, if you don’t act quickly. If the leak has been going on for a long time, other parts could be worn out or corroded. You’ll need a professional to fix it.
If your once healthy water pressure is reduced and you are not getting as much water out of your pipes as you would like, it could be a simple issue or something more complex.
The most common cause of low pressure is a buildup or sediment. This occurs when water flowing through your pipes contains dissolved materials which can attach themselves to metal surfaces.
You can try a home remedy for this problem, at least in the shower. Attach a plastic bag with vinegar overnight to the showerhead and see if it helps to remove the buildup.
If you are still experiencing low water pressure, you may have a more complicated issue. For example, you could be dealing with a leak in your pipes or a break.
You should call a professional to inspect your home’s foundation if this is the situation.
If your toilet doesn’t stop flushing after you flush it, it may be time to replace its inner workings. You may be capable of doing this yourself, but there could be a larger issue at hand that requires professional help.
Try buying a toilet fix kit from your local hardware store and see if it solves the problem. It could be a bigger issue, such as a buildup of sediment or problems with the pipes leading to the toilet.
Leaks can be a minor inconvenience or a costly nuisance. It’s best to keep an eye on these issues during your monthly maintenance check.
Leaks are usually caused by joints. Joint fillers can be used to temporarily fix the leak. If you want a permanent solution, it may be necessary to replace the pipe or its fittings.
It can be messy to replace pipes under your sink, so it’s best to hire a professional.
You should act quickly if water is draining slowly or not at all in your sinks or toilets. You can use a plunger to clear the clog or buy a drain cleaner from your local hardware store.
However, you should not use these products too long as they can damage pipes over time. If you have a persistent problem, it’s better to call in a professional.
After the clog has been cleared, you might also want to install a drain screen in order to prevent future problems.
Original Blog: https://realtytimes.com/consumeradvice/homeownersadvice/item/1034459-top-5-plumbing-expenses-homeowners-face?rtmpage=
There are few things more frustrating than discovering there is no access recorded to property that you own or want to own. Landlocked property is property which is locked, i.e. it is surrounded by property and is only accessible via the property surrounding it. Landlocked properties can be found everywhere. It’s important to gain legal access for both convenience and legal purposes.
Landlocked properties can be due to a variety of reasons. But when this happens, you’re left wondering: How can I gain access?
Contrary to popular belief there is no automatic right of access. Fortunately, there are a number of methods to consider in obtaining legal access to landlocked property. Pat Porter, owner and broker at RecLand Realty, shares how he obtained legal access from the neighboring landowner to a 40-acre tract he purchased about a year ago.
Click HERE to learn more!
Original Blog: https://www.landthink.com/gaining-legal-access-to-landlocked-tracts/
A new study shows that one in ten owners have been scammed by contractors. Here are some reasons why you should use your list of reputable contractors to help your clients.
As home improvement demand remains strong for kitchen and bath remodels, as well as for outdoor renovations, reports of contractor scams are rising. These schemes could cost homeowners thousands of dollars.
About one in 10 Americans have been a victim of a contractor scam, losing an average of $2,426, according to a new study of about 1,000 Americans from JW Surety Bonds. The study revealed the following contractor scams as being the most common:
The survey found that baby boomers were the most likely to be scammed by contractors (15%). This is followed by millennials (13%)
The study identified five indicators that could alert consumers to a scam:
Maddie Weirman, a spokesperson for JW Surety Bonds, a nationwide provider, offers some of the following tips to avoid contractor scams:
It’s a hot summer day. The sun is ablaze with heat. As you enter your home, a cool, refreshing breeze greets you. The heat suddenly doesn’t seem so intense. The power of air conditioning is evident. This article will explore how air conditioning can provide ultimate indoor comfort. It will also explain how to customize the climate in your home and the various types of air conditioners available. Let’s beat heat together!
Heat can be harmful to our health. If not managed properly, high temperatures can cause dehydration, heatstroke, and other severe conditions. Air conditioning can help. Air conditioning can reduce these health risks by controlling the temperature indoors. This creates a comfortable and safe environment.
Air conditioning has many benefits beyond temperature control. Air conditioning can improve air quality, reduce allergies, and maintain optimal levels of humidity. All of these factors contribute to a more comfortable environment indoors, improving your overall well-being.
Modern air conditioning systems allow you to customize the indoor climate. You can customize your indoor climate with features like programmable thermostats and variable speed fans. This level of control can not only increase comfort, but also lead to significant savings in energy.
There are many different air conditioning systems, each with its own benefits and disadvantages. Central air conditioning, mini-split ductless systems, and portable air conditioners are the most common types. Understanding the differences can help you choose the best system for your needs.
In our quest to beat the summer heat we are faced with a wide range of air conditioning systems. Each has its own unique advantages and disadvantages. Let’s explore the world of these cooling titans, shall we.
First, there are the central air conditioning systems. These are the big guns and are perfect for cooling large homes or offices. They work by circulating cooled air through a system of supply and return ducts to provide a uniform temperature. They can be expensive, both in terms installation and energy consumption.
We also have ductless mini split systems. These are perfect for cooling small rooms or individual rooms. These are easy to install and energy efficient. They also offer the flexibility to cool specific areas. They may not be as efficient for larger spaces.
Let’s not forget about the portable air conditioners. They are the ultimate in flexibility as you can move them from room to room. These are perfect for those who live in rented housing or on a tight budget. Remember, they are not as powerful as larger models and may struggle with larger spaces or extreme temperatures.
Here is a quick overview of the most popular types of air conditioning system available. Understanding the differences is essential to making a decision that suits your needs. There’s a cooling system for everyone, whether you want the power of central air conditioning, the convenience of mini-split systems, or the portability and mobility of standalone units. Beat the summer heat by using air conditioning.
The importance of air conditioning in providing ultimate indoor comfort is not to be underestimated. It not only provides relief from heat, but also improves the air quality, reduces allergies, and allows for custom climate control. There is a system for every home. Air conditioning can help you beat the heat and create a comfortable indoor environment.
Welcome to the exciting world real estate investing!
When done correctly, it can be a rewarding and challenging journey that promises a financial future. If you’re wondering what makes rental properties a good investment, I’ll tell you that there are many reasons.
Rental properties are tangible assets that you can touch, see, and feel.
They are a reliable source of income that is relatively immune to the wild swings in the stock market. Not to mention that they are a great hedge against inflation.
You can also leverage your investment by buying more properties. Rental properties can be a golden goose that lays a steady stream other golden eggs, if you manage your portfolio and take calculated risk.
In the sections below, we’ll get down to the nitty gritty of buying your very first rental property. We’ll guide you through the process of buying your first rental property, from understanding the basics to setting up your investment goals.
Understanding Real Estate Investment
Real estate investing, and specifically renting out property, is a thrilling adventure.
Renting out a property involves purchasing a home, usually with borrowed money, and renting it to tenants. Rent is paid by tenants to cover mortgage, taxes and maintenance costs. Any remaining rent becomes your income. Renting out your property has many benefits.
It provides a steady flow of cash. This predictable income is usually higher than dividend yields on stock investments.
Second, rental properties appreciate with time. You’ll benefit from capital growth as the value of your property increases. Let’s not forget about the tax benefits such as deducting depreciation and interest costs.
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Set Your Investment Goals
Setting clear investment goals before purchasing property is important. Are you looking to rent a property for a short time in order to generate quick cash? Are you aiming for long-term growth or wealth accumulation? These goals will have a significant impact on your investment strategy.
Understanding the potential returns of cash flow and appreciation are critical.
Cash flow is the monthly income that you will receive from your rental property once all expenses have been paid. Appreciation is the increase in value of the property over time. Both can be important to a successful strategy for real estate investing. So, consider how they fit with your financial goals.
Get Your finances in order
Renting out a property requires a substantial financial commitment. Budgeting is important, as you need to consider all possible costs, such as:
Another important aspect is the down payment. Most lenders require 20-25% for investment properties. However, this can vary. Save early to reduce the initial investment hurdle. Federal Housing Authority loans with low down payments are also available.
Decide on your ideal rental property
There are many types of rental property, including:
Multi-family and commercial properties may yield higher returns, but require more experience and capital.
When evaluating a rental property, you should consider the location (proximity of schools, amenities, etc. ), condition (does it need renovations? The location (proximity to schools, amenities, etc. ), the condition (does this property need renovations? Rentable income and condition are also important factors. Do your research to ensure that the investment will help you achieve your financial goals.
Local Real Estate Market Understanding
Knowledge of the local market is essential for successful real estate investment. Research the local market to learn about average rents, occupancy rate, future development plans, and local economy.
The key market indicators are the average rents and property prices, the local economy, and the employment rates. These indicators can help you choose a market that has solid rental potential.
Assembling Your Real Estate Team
You don’t need to do it alone! Putting together a team of professionals you can trust will make your journey to invest in rental properties easier. Real estate agents are able to help you find properties. Attorneys can ensure that the legal requirements are met, and accountants can handle the financial aspects.
If you don’t wish to manage your rental property on a daily basis, a property manager and a contractor who can provide reliable maintenance are essential. Real estate investing is a sport that requires a team effort! You can also use tools such as a Property Management Software in order to manage your property, screen tenants, collect rent and perform other important tasks.
Find and analyze potential rental properties
It’s like being a detective when you’re looking for potential properties. You’ll be scouring property websites online, contacting real estate agents and even taking part in auctions. Don’t hesitate to try them all!
Once you have a few properties in mind, it’s time to get down to the numbers. You’ll be calculating things like potential cash flow, ROI (return on investment) and capitalization rate. These calculations will help you determine if buying a property is the right move for your financial goals.
Get Financing for Your Rental Property
There are many types of real estate loans available, including:
The process for applying for a home loan includes getting pre-approved, filling out a loan application and undergoing an appraisal of the property. Finally, you close the loan. This process can last several weeks. Patience is the key!
Make an offer and close the deal
Once you’ve found an attractive rental property, the time has come to make an offer. Negotiate price and terms with seller, usually with the help of real estate agent.
The closing process is a final step to buying your rental property. The closing process includes finalizing your mortgage, paying the closing costs, and signing paperwork. Once you’re done, your keys are yours.
Manage your rental property
You’ve got several tasks to complete when it comes time to manage a rental property. Think about collecting rent, resolving tenant issues, and keeping track of property repairs. You can do it yourself, or you can hire a property manager to take over.
What ever you choose, one thing is certain: You must keep your tenants satisfied. Happy tenants tend to stay, which means you spend less time worrying about an unoccupied property and get a steady stream of rental income.
Remember that investing in rental properties isn’t only about bricks and concrete; it’s about people. Keep things friendly with your tenant. They are a key part of your investment story.
Bottom Line
For any real estate questions or information please contact us today!
