Category: Tips To Handle Landlords

Dc Fawcett – Factors Which Diminish The Value Of a Fine Home

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There are some factors which increase the value of a home like good staging, proper renovations and also the weather conditions in a locality. Similarly, there are elements which reduce the value of your home. In this article, Dc Fawcett reviews the factors which diminish the value of your home.

Location

Unsuitable location is an important aspect which reduces the value of your home. It is very crucial that your home must be in a good location.

  • Your home should not be near an area of high crime rate
  • The location of your home must not have school closures
  • The location must not have extreme weather conditions
  • The location must not have high noise pollution though areas adjacent to airports and railways stations will raise the value of your home as they have good transport.
  • Locations with industries and cellular towers pose health hazards and hence are not considered as good locations

Thus your home’s location if unsuitable will devalue your home’s worth and Tips on how to handle Absentee of Landlords.

DC Fawcett Real EstateFactors-Which-Diminish-The-Value-Of-a-Fine-Home

Foreclosures                           

An area which has maximum number foreclosures experienced a major setback to the home’s value. Those homes which were around 300 feet saw a drop of 1.3% in home value across America in November 2016. If you are not able to make your monthly payments, then your home goes into foreclosure.

Neighbors with untidy homes

When your home is adjacent to a neighbor who maintains an untidy front yard, home estimators give less value to your home. This is a factor which reduces the value of your home.

Superstitious beliefs

Various myths reduce the value of your home. For instance: the Chinese believe that the number 4 signifies death. The number 13 is not honorable.  Thus, in the 4th and 13th floors will be trashed in value. This is with respect to the Chinese that you are reading. But, similarly Americans have certain superstitions which will trash your home’s worth.

Bad curb appeal

This reduces the significant worth of your home. A badly kept front yard or dark interiors can be a put off to many buyers. A cluttered front yard will drive away buyers. Some luxury features like over kept landscapes or swimming pools will not encourage buyers to buy your home since buyers tend to associate such amenities with high costs. Thus bad curb appeal leads to undervaluing your home.

Landfills and power plants

The residents near areas with landfills had to bear the stink from these landfills. Thus, property values near landfills dropped by 5.5% to 7.3%. Power plants are considered as health hazards due to the dump they generate. Therefore homes near power plants are seen to fall in prices.

Pets

Damage due to pets like torn carpets, broken walls and lingering pet stench will drag down the values of your home. You have to repair these damages and market your home. Also keep your pets somewhere else when the home is in the market.

Conclusion

These are some of the basic factors that devalue your home as reviewed by Dc Fawcett.

Dc Fawcett Tips On How To Handle Absentee Landlords

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Absentee landlordism is a kind of landlordism in which owners buy properties but they are not onsite. They often manage the properties with the help of a property management company which performs     so many functions like marketing, arranging home inspections, taking care of repairs and emergencies and so on. Absentee landlords usually buy properties abroad and they leave the country to their own country. Thus they are absentee landlords. Absentee landlordism comes with a host of positives and negatives. To get a deeper insight into the pros and cons of absentee landlordism read Dc Fawcett’s articles on pros and cons of absentee landlordism. In this article, Dc Fawcett gives tips on how to handle absentee landlords.

Dc-Fawcett-Tips-On-How-To-Handle-Absentee-Landlords

Pay rent in time

Some absentee landlords especially those new to absentee landlordism find it difficult to hire property managers. Thus they find it difficult to collect rent. Many tenants of absentee landlords usually pay rent late. They take their own time. Don’t do this. Pay your rent in time and you will be in the favorable books of the landlord and in times of emergencies and otherwise also, you will be entitled to more benefits.

Home inspection is crucial

A rigorous home inspection is crucial and you should make sure that all fixtures, home appliances, HVAC, roofs, taps and others are in good condition. When you move in and when you move out, everything must be in good condition. Document all faults and make them legal. Take photos and date them. Stamp all the papers.

You need to adapt to the situation

Flexibility is the order of the day and as a tenant of an absentee landlord, you should be adjustable. For instance: you break an equipment in your house and you want it to be replaced. Decent landlords will remove the old one, buy a new one and replace the old one. The landlord facilitates and pays for everything but in case he is an absentee landlord, the distance does not allow him to arrange these things. You will be asked to do it yourself and pay for it. It is better to do so instead of making it an issue. In this case, absentee landlords will have a good impression on you.They will adopt a friendly attitude towards you and continue to help you out in your future issues. You should maintain a very good relationship with absentee landlords since they live at a distance. If you don’t do so, you will be overlooked and your complaints will be ignored.

Conclusion

These are simple tips given by Dc Fawcett for handling absentee landlords. Dc Fawcett is a real estate entrepreneur and investor and gives tips for many real estate investors. He is an expert in investing in areas where he does not stay. He is an expert in virtual real estate and purchases properties by taking into account domain names, websites and online services.