Posts Tagged ‘appliances’

Forewarned is Forearmed: Top 6 Investment Property Repairs

When you first look into whether an investment property in Bedford would be a suitable addition to your own portfolio, the positives leap out. Bedford investment properties can throw off positive cash flow even as they appreciate in long-term value. What’s not to like? But there is one area that may hover as a wildcard: the maintenance issue.

Because tenants are part of the picture, Bedford investment properties undergo varying amounts of wear and tear, so keeping them in top shape does require at least some degree of attention. Veteran landlords learn how to handle maintenance and repairs with a minimum of turmoil—sometimes by simply farming them out to professional property managers. In that, we are fortunate—Bedford has some great ones!

However you choose to address the issue, it’s useful to know which repairs investment property owners say are most frequently needed. Here are six leaders:

  1. Leaks. Under sinks, under windows and in the ceiling, leaks require the swiftest action to forestall expensive repercussions. Even the smallest leaks can result in mold growth, so any hint of water where it doesn’t belong rates immediate attention.
  2. Appliances. They have the greatest number of working parts, so it’s no surprise that they wind up having the greatest number of non-working parts. Repairmen are whispering that current models in almost all brands are not holding up as well as they used to…so when replacements are necessary, consider that higher-quality models may be worth the initial expense.
  3. Water heater. Tenants deserve hot water, so when it peters out, having the attention of a veteran plumber can be the difference between a repair (often all that’s needed) or a more expensive replacement.
  4. Rodents and bugs. Sealing up holes is the first line of defense for discouraging all manner of creepy-crawlies. If they show up anyway, Bedford pest control experts can usually rid infestations for at most a few hundred dollars.
  5. Furnace. If the heat goes out during cold spells, unless it’s only a pilot light going out, it can quickly become an emergency situation. You’ll want to have the emergency phone number for one of Bedford’s experienced furnace repairmen at the ready.
  6. Running toilet. We’re all familiar with the sound of a toilet that won’t shut up. It’s usually (in fact, virtually always) due to a “flapper” that doesn’t quite seat properly. These are inexpensive parts that are easily replaced—but there are also a hundred different varieties. All the expertise that’s required to fix this common tenant complaint can be found in YouTube videos demonstrating the various 10-minutes solutions.

Some terrific Bedford investment property possibilities are among this fall’s listings. Call me to explore them!

Joan Parcewski, Realtor & Notary

LAER Realty Partners           http://www.JoanParcewski.LAERRealty.com

JParcewski@LAERRealty.com    cell 978-376-3978

 

Joan Parcewski Full Picture 102017Laer Realty Partners

 

 

Selling Your Burlington Home for Profit (that’s the Fun Part!)

Every once in a while you can be checking through the accumulation of notes and other odds and ends when you find something that doesn’t look familiar. Possibly it’s something someone handed to you that you didn’t have time to look at previously. It’s just there, somehow—who knows how or when it got mixed in with your own notes.

Here’s one of those. It’s a memo that came out of a printer, so there’s no handwriting which might have provided evidence of its origin. When I read it, everything in it rang true—and valuable. Here it is in its entirety (I have fixed a spelling error or two):

—————-

Keys to Selling Your Home for Profit

 

-smart modest investments (new stainless steel appliances, new carpet, etc)

-smart exterior improvement (clean landscape lines, strategic color pops, fresh mulch, new exterior paint/trim)

-stage it! Stage indoors and outdoors during warm months. Research average return on staging statistic.

 

Unless it’s a fixer, then these tips don’t apply, in that case to make the most money, don’t invest in any improvements, just price to sell!

—————-

 

If I had one thing to add, it would be the “staging statistic” that the author (who was obviously pressed for time) seems to have wanted to include.

Boiling down Realtor® Magazine’s most detailed analysis of the topic (2015), they found that “A staged home will sell for 17% more on average than a non-staged home.” Furthermore, when it comes to speed in selling your home, staged offerings left their non-staged competitors in the dust: they sold “87% faster.” Those statistics might be a little misleading, since if you are selling your Burlington home and either willing to hire a professional or else put in the work yourself, you are automatically more energetically focused on the sale—itself a plus.

Selling your Burlington home profitably is everyone’s goal from the start to finish of the process. I offer the local knowledge and expertise that has helped me perform exactly that for my clients through years of practice and experience. That’s the best reason to give me a call!

Joan Parcewski —CRS, MRP, CSHP, SRES, CBR, LMC, Realtor & Notary
978-376-3978   JParcewski@LAERRealty.com    OR    JParcewski@gmail.com
 
Licensed MA & NH    
Introductory Video  https://youtu.be/RrM4q17cjU0
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