Back Yard Landscaping is Important in a Rental – Don’t Overlook It…!

Check out this graphic from the California Association of Realtors.

Back Yard Landscaping is important because some of these people also rent as well.   While this graphic applies to Home Buyers, trust me as a property manager and investor with 35 years of experience, don’t ignore the back yard for your renters.

A back yard with patios and landscaping is a cheap addition to “living space”.   With the great weather we have here, it makes sense to give the people who rent from you more value don’t you think…?

So if you want more money from your rental investment, fix up the back yard and watch how much your tenants appreciate it because they will pay you back with higher rents.

Click here for a picture of the back yard landscaping of a Duplex we manage for an investor that took our advice.    In a few more years the shrubs around this  yard will provide a lot more shade, privacy and of course more value if they ever decide to sell.

That is because they get more rent then other properties like this that do not have this upgrade.

Let me know what you think.

 

one cool thing yards

 

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR, CDPE

Is This a Good Sign That Real Estate is Back in Sacramento….?

I think so… especially when you see this kind of news.

 

HOME DEPOT SET TO HIRE 1500 IN THE SACRAMENTO REGION

You have to agree if these large big box corporations like Home Depot are on the hiring binge, they must have a lot of confidence they are going to need this many people to accommodate their customers.

I noticed here in Folsom, that you can go to the local Home Depot, Lowes and Orchard Supply and you’re going to find a lot of people in there doing some shopping.

This is the spillover effect of a good real estate market for Home Buyers and Sellers along with residential investors.

What do you think…?

 

In the Mean Time…?

Make it a Great Day…!

 

Ed Favinger, Broker, CRS, GRI, SFR, CDPE       916-203-1260     favinger@rwnetwork.com

 

 

A Couple of Unique Bank Owned Homes in Folsom

One Is “Rent Ready” if You’re An Investor – The Other Needs a Little “TLC”.

I”ve been out and about more these days, since the local weather here has been so great, looking at a lot of homes.   I’ve got a couple here that are interesting.

Some features they both have in common are they are both located near parks, open space and the trail systems which are all over the City of Folsom.

The 1st one is located at 1176 Grey Fox Court, in “The Parkway”  and is priced at $310,000.   As of today, January 5th it still shows as an “Active” listing.   Located on a Cul-De-Sac, it’s just a few doors away from the Parkway Trail system and Nature Preserve.

Video is below

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The 2nd one is located in the Ridgeview neighborhood at 726 Hunter Place.   It’s got a nice corner lot orientation with some privacy that  includes almost 2,600 sq ft ,  4 bedroom 3 full baths, pool and spa.  Priced at $399,900 it’s also located just a few steps away from the neighborhood park and bike trails.

Video is below

Let me know what you think…

In the Mean Time…?

Make it a Great Day..!!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE       favinger@rwnetwork.com    916-203-1260

 

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Folsom Lake Views and City Lights Included for Free on this one…

Check Out This Home I Was Previewing for a Buyer.

I was up in El Dorado Hills looking at homes and thought I’d share this, because it does have the views… almost a 180 degree view.    It’s got a monster lot to go with it,  but you will need to have the landscaping finished to make it special.    According to the listing agent they have plans already drawn up.   I haven’t seen them, but half the fun on something like this deal is to design something yourself.

While they said they were going to put the MLS Lock Box on it today, when I was there around 12:30 or so, they didn’t have a key in it so I was not able to do a full preview.   That’s why you’re only going to get a video with just an exterior view for now.

But hey… for $850,000 we’re going to through in the Folsom Lake and Sacramento Valley lights for free…!!!

You can click here for more information about the house and then look at the video below.

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR, CDPE    916-203-1260         favinger@rwnetwork.com

 

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Update on Some Recent Duplexes, Four-Plexes & Homes That Have Been Profiled Here….

I’m Still Amazed At the Amount of Investor Interest There is for Duplexes.

 

Here’s a list of properties that I have profiled in the past.  Some in the last few weeks and others earlier in the year.  I wanted to make this update because I’ve been busy working with some folks that have failed to get an offer they have submitted approved.   That’s because of the competition for quality investments.   It’s a frustrating experience for Buyers.

You know,  while you might hear stories out there from the State and National Network News regarding the lousy economy, areas like the San Francisco Bay Area and the Sacramento Area along with the Coastal Areas of Southern California are doing a “robust” business when it comes to real estate.

“Multiple Offers” are the normal course off events when a new listing comes on the market.  I’ve written about it,  I think,  for well over a year now.  Others in my business have also expressed the same experiences.   There are areas of exception of course,  but I’m referring to, I guess, for lack of a better term, “the preferred” areas… the areas that I have been to the most and written about here.

I’ve also included some properties I may not have written about before as well.   The purpose behind this is to show you how much work many of them may or may not have needed to get into a “rent ready” condition.

So if you are out looking now for an investment property whether it’s a Duplex or a Four-Plex you’ll hopefully get an idea of what other investors have done and have been up against like you.

The Following Are Closed Transactions:

2358-60 Imran Court, 2bd/2ba/1car & a 2bd/1ba/1car – Listed at $180,000 – Was a Short Sale – closed escrow 11/20/2012 Sold for $180,000 target=”_blank”>Click Here for the video   which was uploaded 1-8-2012.  The wait to close this short sale was worth it.  You can’t find a duplex like this for the price they closed it at.

6604 Summer Rain Way, Citrus Heights, 2 bed/1 ba each side – A “flip” that I thought was listed too high back in August at $214,888 – It finally closed just  a couple of days ago, Dec. 20th,  at $201,800.    Rents were only at $750 on one side – we manage a duplex just like this one just two doors away from here and get $950.     target=”_blank”>Here’s the video of the vacant side

Here’s some that just came on the market and are now “Pending Sales”

6535-37 Hazel, Orangevale, Ca, 3 bed/1ba each side – Was Listed at $179,900 but then lowered to $159,900, which made it a much better deal.  You’ll see why it didn’t sell for the higher price by going to the target=”_blank”>Video Here.

4341  Alsace Ct,  Fair Oaks, CA  95628   – Was Listed at $425,000 – Duplex with a 3 bedroom on one side located in an area of mostly single family homes.   This is an interesting property that would be perfect to live in one side and rent the other.  Let me know what you think of it after you see target=”_blank”>The Video Here

3107 – 3109 Laurelhurst, Rancho Cordova, 3 bedrooms/2 bath ea side – Bank Owned – Was Listed at $155,400.   An Investor I’m working with offered $171,000…. AND DID NOT GET IT..!   target=”_blank”>Check Out the Video

3283 Cambridge Road, Cameron Park, – Single Family Home that had been priced much higher at $309,900 but then lowered to $269,900.  I had a buyer make an offer but it was also not accepted because others had out bid us.  Click here for the Video and more.

I will have more examples coming later….  

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE        favinger@rwnetwork.com    916-203-1260

 

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