Renting a House or an Apartment with Dogs - 07/24/11 01:30 PM

Renters who have a dog or more than one dog may face additional challenges when renting an apartment or a house. One of the primary challenges the renters may face is finding a living situation which is acceptable to them and also willing to accept their pets. This can be difficult as many rental properties do not allow dogs at all. Those who do allow animals on the property may place certain restrictions on they size and breed of dog which may reside on the property.
Finding an Acceptable Living Situation
The first step in renting with dogs is to … (1 comments)

Should You Rent A House Or An Apartment? - 07/24/11 01:20 PM

Deciding whether to rent an apartment or a house can be a very difficult decision for some renters. There are certain advantages and disadvantages to each option. The renter should carefully consider these points when making his decision. Whether or not an apartment rental or a home rental is ideal for a particular renter will largely depend on his personal preference as well as his current needs in a living situation. For some renting an apartment is perfect while others find a home rental meets their needs best. This article will examine the advantages and disadvantages of each situation to … (0 comments)

Termite Damage And Real Estate - 07/24/11 12:26 PM

Termite Tubes
Termite damage, no matter how small it may be, is never good for a home.  During a real estate inspection, if any termite damage is found, it will affect the outcome of the home.  In most cases, the buyer is told that the seller will fix the problem.  Although this may sound good to some buyers that the seller will treat for termites, other buyers often wonder.
Of course it’s nice that the seller will pay to have the termite problem treated, which will normally cost around $1,000 or so.  Even though the termites will be gone, you … (1 comments)

The Value of New Construction Inspections - 07/24/11 12:15 PM

Buyers of re-sale homes almost always have their homes inspected by a professional inspector.  Buyers of new homes, however, often do not take this important step.  There are several reasons for this: 
The buyer is getting a brand new home, and thinks that the inspection is an unnecessary added cost.   The buyer feels that they are protected by the builder's one-year warranty for workmanship, plus extended structural warranty.   In many cases, the home is inspected by city inspectors as a part of the permitting process.   Buyers believe that they can rely on the builder's reputation.   The builder is resistant to … (3 comments)

Benefits of Renting an Apartment - 07/23/11 10:41 PM

While there are some renters who view renting an apartment or a house as a failure, there are others who see the benefits there are to be gained from renting a property as opposed to purchasing a property. Some of the benefits of renting include the ability to save money while renting for the purpose of purchasing a home, few maintenance requirements and the inclusion of amenities which the renter would not likely be able to afford if they were to purchase a home instead of renting. Although there are some negative aspects to renting an apartment, this article will … (0 comments)

The Truth About "Rent To Own" - 07/22/11 04:00 PM

Most of us are very familiar with the term “rent to own”.  Places such as Prime Time and Rent A Center have built an empire with rent to own merchandise, although the buyer normally ends up paying double what the merchandise is actually worth.  While this may be great for those who have bad credit, most of us prefer to avoid going this route.  Homes are no exception, especially if you are buying a home on a rent to own basis. 
Even though rent to own may be good for a short period of time, it proves to be an … (0 comments)

What Is The Definition Of Cap Rate, And Why Does It Matter? - 07/22/11 03:09 PM

In commercial real estate, cap rate, or capitalization rate, is used to determine the values of income producing properties such as apartments of five units or more, office buildings, strip malls and other such properties. The cap rate can represent extremely different things to different people in respect to their interests in commercial real estate. Before we investigate why cap rate matters, and what it means to specific people, let's look at the actual equation and see how it works.
Cap rate has two main components which area: net operating income (NOI) and price or estimated value of the property. … (0 comments)

What Happens To My Mortgage When I Sell My Home? - 07/22/11 02:25 PM

You’ve decided to make the plunge and sell your home. More than a few people have innocently asked me, “What happens to my mortgage when I sell my home?”
If you own a home, you undoubtedly are carrying a mortgage on it. A mortgage is simply a loan from a bank or financial institution for percentage of the value of the home, which you pay to the person you purchased the home from when you bought it. Depend on the type of mortgage you have, the amount due on the loan should have decreased during the time you lived in … (2 comments)

Weeding Out Buyers with Financial Excuses - 07/22/11 02:14 PM

Selling a home can quickly become frustrating when buyers claim financial delays. Here is how to eliminate these excuses up front.
If you have ever put your house on the market, you know the frustration potential buyers can cause you. It is fairly shocking how many people will come to an open house or ask for a private viewing, yet have no intention of buying the home. In fact, many of them seem to have no intention of buying ANY home in the near future. They are just out poking around in the business of other people.
A common excuse … (2 comments)

What I Look For In a Neighborhood When Buying Investment Real Estate - 07/21/11 10:23 PM

I often get the question, “What do I look for in a neighborhood?”
My answer is always the same.  “Easy.  Value!”
I usually get a strange look, but it's true.  In a neighborhood, I am looking for clues to assess the value of the property, plain and simple.
Well, maybe not so plain and simple, I know.  So let me explain.
Normally, my rehab properties are not in the expensive areas of town.  It's rare that you'll find a rehabber meeting his or her investment goals buying in the expensive parts of town.  There are generally fewer homes needing rehabbing … (0 comments)

What Makes An Eco-Friendly "Green" Home? - 07/21/11 10:09 PM

While "green" has become quite the buzzword when it comes to home building and design, what exactly it means isn't always clear. There are a few standards for eco-friendly homes, but the term "green" doesn't have a universal definition beyond being a color made by mixing yellow and blue. So how does a consumer know when a home the builder is calling "green" is actually built with an ecological focus, or at least enough of one to justify its price?
Some of the standards for ecologically minded homes include increased insulation. To be really energy efficient, a home should be … (0 comments)

 
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Grant Howell, Broker/Owner 214-234-6901

Frisco, TX

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Alex Lowery Real Estate

Address: Frisco , Tx, 75034

Office Phone: (214) 234-6901

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