Svetlana Sheinina


Posted by Svetlana Sheinina on 8/18/2020

Photo by Sidekix Media on Unsplash

Downsizing appears to be a common theme among Baby Boomers as they transition from family life and professional pursuits to retirement. Not all members of this generation are willing to give up the spacious and beautiful homes to which they've grown accustomed, however. As some downsize, others are on the hunt for upgrades that will make their lives more convenient while also infusing every day with additional elements of luxury. Whether these upgrades are incorporated in existing homes undergoing renovation or sought out in new purchases, they can make a real difference in the lives of active Baby Boomers. The following are among the most commonly pursued upgrades:

Clever Storage And Shelving Solutions

Aging homeowners are not particularly enthused about straining or bending over to reach essentials in kitchens or other practical spaces. The storage solutions they were willing to abide by in the past may no longer cut it. Thankfully, modern storage options now take limited mobility and other concerns into account.

Solutions such as slide-out shelving allow for easier access. Likewise, the Lazy Susan is in the midst of a much-deserved revival. Adjustments to cabinet and counter height can also make a huge difference in the lives of senior homeowners.

Walk-In Showers or Tubs

Bathroom layouts that once seemed reasonable now strike many Baby Boomers as highly impractical. Many hope that this space will serve as a peaceful retreat, in which they can enjoy their own personal oasis. This spa-like feeling is impossible to accomplish if the mere act of getting in and out of the shower requires extensive effort. Hence, the current popularity of accessible showers and tubs, which remove steps or curbs that might otherwise get in the way.

Modern tubs and showers often include non-slip flooring, railing, or built-in seats. Even if not currently needed, these features provide valuable peace of mind to Baby Boomers who worry about navigating their homes in the event of illness or injury.

Flex Space

Some Baby Boomers prefer to trade in their large family homes for smaller residences. Others, however, recognize that they can still make use of extra space — and that their need for several rooms may return in the near future.

Flex spaces allow Boomers to use extra rooms as they see fit, while also providing the possibility of a swift change, should the need arise. Homeowners may use these rooms to pursue hobbies or kick back with friends, but they also enjoy the solace of knowing that such spaces can become guest rooms, offices, or other essentials when warranted. 

While Baby Boomers appreciate sleek and sophisticated finishes, they are most interested in the convenient arrangements that will allow them to make the most of homeownership in years to come. Those who think beyond traditional retirement housing solutions can enjoy a wonderful way of life during their golden years.




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Posted by Svetlana Sheinina on 8/11/2020

Purchasing a home in a seller's market may prove to be difficult. Fortunately, we're here to offer expert guidance to ensure you can find the best house at the lowest price, regardless of the present real estate sector's conditions.

Now, let's take a look at three tips to help you get ready to pursue a home in a seller's market.

1. Assess the Housing Market Closely

A seller's market likely features a shortage of high-quality houses. As such, you'll want to analyze the local real estate sector closely so you can identify your dream home faster than ever before.

Take a look at the prices of recently sold houses in your city or town. This information can help you understand the average price range for homes of all sizes in your area. You also should find out how long these homes were available before they sold to understand the current pace of the real estate market.

Furthermore, you should make a checklist of home must-haves and wants. Once you craft this checklist, you can assess the houses available in your city or town and map out your homebuying journey accordingly.

2. Get Pre-Approved for a Mortgage

In all likelihood, you'll need to act fast to acquire your ideal residence in a seller's market. If you have a mortgage in hand when you submit a home offer, you may boost your chances of receiving a "Yes" from a seller.

A home offer that is contingent on a buyer's approval for a mortgage often is far from ideal. If a seller receives this type of offer, he or she may be reluctant to accept it, as there are no guarantees a buyer will be able to obtain the necessary financing to acquire a home.

Comparatively, a buyer who gets pre-approved for a mortgage can enter a seller's market with a budget in hand. And if he or she finds a great house, this buyer can submit an offer without having to worry about getting financing at a later time.

To get pre-approved for a mortgage, you should meet with a variety of lenders. These financial institutions can teach you about a wide range of mortgage options and help you find the right mortgage based on your finances.

3. Collaborate with a Real Estate Agent

A seller's market can be tough to navigate, regardless of whether you're a first-time or experienced homebuyer. Thankfully, real estate agents are available who can guide you along the homebuying journey.

Typically, a real estate agent will learn about your homebuying goals. He or she then will keep you up to date about houses that meet your criteria, set up home showings and help you submit offers on residences. And if you ever have homebuying concerns or questions, a real estate agent is ready to respond to them at any time.

Prepare to buy a house in a seller's market use the aforementioned tips, and you can move one step closer to acquiring your dream residence.




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Posted by Svetlana Sheinina on 8/4/2020

Image by Steppinstars from Pixabay

Before you plunk your hard-earned money down on a working luxury ranch, look at several factors, including location, features, your experience and business opportunities. The success of the ranch hinges on your experience or the people you hire to run the ranch. Even if it’s a private ranch where you might sell horses or cattle, you either need experience or need to hire people who have experience.

Type of Ranch

Determine what type of ranch you will have. A horse ranch, cattle ranch and a dude ranch are all different. The type of ranch will also determine the location of the ranch. Horse ranches need stables and corrals. You might need several barns, including a foaling barn, if you plan on raising and selling horses. Cattle ranches might need foaling barns, milking barns and separate barns and fields for steers and cows. A dude ranch is a working ranch that allows guests. In addition to the typical ranch buildings, you’ll also need a place for people to stay, whether you build a hotel-type building or you build separate cabins.

Location

Ranches are usually located well outside of town and cities because of the amount of area they take up. A smaller ranch might have 5,000 acres, while a large ranch could have tens of thousands of acres. The size of the ranch will determine the location.

Whether you buy raw land to make your own ranch or you buy an existing ranch, you must also look at the features of the land. Working ranches must have enough flat or slightly rolling areas for cattle or horses to graze. The entire ranch cannot be on the side of a mountain. If you want features for horse trails, whether for a dude ranch or for yourself, look for a property that is flat but encompasses part or all of a mountain. With such a large property, you’ll probably have some streams, but you may want larger water features, such as a pond, lake or a stream or river that runs year ‘round.

Working the Ranch

If you buy a turnkey ranch, be ready to go through the employees to determine whom you will keep. You might also wish to hire additional employees. If you buy a dude ranch, in addition to a ranch foreman and hands to work the horses or cattle, you’ll need to staff the guest quarters, including kitchen staff, front desk employees, maids and more.

Ranch Demographics

Finally, make sure the ranch demographics are what you want. For example, if you buy a dude ranch, where are the guest quarters located? Are they too close to the main house? Are they too close to the stables? Does the ranch have what you need for your plans, including enough barns, the proper equipment and the right features? Is the main house what you are looking for, or do you need to add on or tear it down and rebuilt to your specifications?

Because you have so many elements to consider, make a checklist of what you are looking for so that when you do visit luxury ranches for sale, you can make a better decision.




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Posted by Svetlana Sheinina on 7/7/2020

Photo by Moose Photos from Pexels

Rental properties are becoming extremely common in the world we live in today. Many people are realizing the huge profits they can make from rental properties, and the need for these rentals isn’t going away any time soon. If you’ve ever wanted to be a landlord and rake in some cash on the side, you’re not alone. However, buying rental property isn’t always easy and there are some things you should understand before getting the keys to your new home.

Make Sure You’re Ready

The fact of the matter is, owning rental property is harder than it looks. From insurance and laws to home repairs and dealing with tenants, it can all be a very time-consuming and stressful job owning a rental property. And if owning property isn’t your full-time gig, the process can be even more difficult. Make sure that you do your homework and that you’re prepared for anything that can happen regarding your new property. Research everything that needs to be done for a rental owner, then also look up how to manage tenants properly. Also, managing a property takes a lot of time and energy, especially if it’s your first time. It's also important to have the right schedule while managing a property. While you can still have a full-time job, you should have the flexibility to meet with the tenants and take care of repairs or issues when needed.

Keep a Proper Budget

When owning rental property, you’re owning a home that can see damage, which can be very costly. And if you don’t have the money to handle repairs and disasters when they strike, then you could have a home just sitting there with no tenants interested. This is why you should always budget for the unexpected. Some examples of what can go wrong include:

  • Broken dishwasher
  • Damaged pipes
  • Irrigation issues
  • Carpet damage
  • Damage to walls
  • Window damage
  • Be Cautious of a Fixer-Upper

    While you’ve always had a dream about buying a fixer-upper and creating something incredible, this dream doesn’t pan out for many. That’s because many of these people bite off a little more than they can chew, and they don’t have the time, energy or resources to really build something profitable. Therefore, you should be very cautious before trying this method for yourself. It is possible to make money from a fixer-upper, but it takes tons of work and can be very difficult, especially if you’re buying your very first rental property. Dealing with one of these properties might require spending thousands on materials, hiring professionals, dealing with plumbing issues and possibly dealing with structural damage.  While you may be very tempted, try looking for a property that needs a few simple renovations and one that is priced below market value.

    Preparation is Key

    Before you jump into buying a rental property, consider the three tips outlined above to have confidence throughout the process. This will ensure that you're well-prepared for what's to come. Fixing a home, dealing with tenants and paying for insurance can all be stressful, so it's best to understand these responsibilities before purchasing a rental property.




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    Posted by Svetlana Sheinina on 5/19/2020

    Let's face it homebuyers often face intense pressure. In many instances, dozens of homebuyers may compete for the same residence. And if you don't act quickly, you risk missing out on your dream house to a rival homebuyer.

    Believe it or not, it sometimes can be beneficial to take a wait and see approach to buying a house. Some of the key reasons for homebuyers to consider deploying a wait and see approach include:

    1. You can determine exactly what you want in your dream house.

    Differentiating between must-haves and wants can be tough, particularly for homebuyers who are shopping for residences for the first time. Fortunately, if you take a slow, gradual approach to homebuying, you can view a variety of residences and narrow your search accordingly.

    Oftentimes, homebuyers can benefit from attending open houses and getting a firsthand look at myriad residences. Each open house provides an opportunity to analyze a home, review its pros and cons and determine whether a residence is right for you. As such, homebuyers can attend many open houses to better understand what they want from a dream residence.

    2. You can get your finances in order.

    Although you know you want to buy a house, getting your finances in order may prove to be hassle. Luckily, homebuyers who implement a wait and see approach can find a mortgage that matches their finances perfectly.

    Ideally, a homebuyer should meet with several banks and credit unions and explore all of the mortgage options at his or her disposal. During each meeting with a mortgage lender, a homebuyer can receive expert insights into many mortgage options.

    A homebuyer may want to get pre-approved for a mortgage as well. If a homebuyer embarks on a search for the right mortgage today, this individual can move closer to entering the housing market with a budget in hand and simplifying his or her home search.

    3. You can find the perfect real estate agent.

    Ultimately, the real estate agent that you select may dictate the success of your quest to find your dream residence. If you allocate the necessary time and resources to hire a hardworking and experienced real estate agent, you should have no trouble streamlining your home search. On the other hand, if you rush to hire the first real estate agent that you meet, you risk making the wrong choice.

    When it comes to finding the perfect real estate agent, it pays to be patient. By spending some time learning about various real estate agents in your area, you can select a top-notch housing market professional to guide you along the homebuying journey.

    Lastly, don't forget to select a real estate agent who is available to respond to any homebuying concerns and questions, at any time. With this housing market professional at your side, you can boost your chances of discovering your ideal residence.

    There is no need to rush to find your dream home. Instead, take a wait and see approach to buying a house, and you may reap the benefits of your decision for years to come.




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