Investment Properties: How You Can Make Money In The Short And Long Term

You’re probably well aware that there’s more to real estate than just owning your home. There are countless success stories of people who made a fortune, or even just a comfortable extra income, by investing in real estate. Here’s an overview to get you thinking about an investment property.

Improving A Home
Quickly flipping a home is one way to make money off a real estate investment, but it can be risky. A safer play is to buy a fixer upper and carefully manage costs over a year or so as you improve the property. You’re likely to get a great return.

Rental Properties
Instead of selling your investment property, you can rent it and make a good monthly profit if the rent exceeds your costs. Renting to a stable, reliable tenant can put extra money in your pocket every month for years on end. You can even hire a property manager to handle repairs, rent collection, and other administrative tasks. And if you’re ever ready to stop dealing with tenants, you can sell the home and profit on the improvements and appreciation of your asset.

Multi-family Rental Properties
Renting out a single family home is a good starting place for investment properties, but you can get an even better return once you learn the ropes and move on to multi-family homes. Buying an apartment building or dividing a larger home into several apartment units comes with some added complications with taxes and regulations, but it also comes with huge income potential.

Happy Thanksgiving from the Ohlmeyer Team!

Thinking about selling your home? Here are Quick Tips #4-7

So you’re thinking about putting your home on the market, and you want to make sure you’re going to get the best return on your investment. These tips should help!! I know, selling homes is second nature to me as I’ve been doing it for 20 years, but I get nervous nellie sellers all the time, and of course you’re nervous, it’s a big deal.

Well, Let’s talk about Curb Appeal. This is important as it’s the first impression your buyer will have when they arrive at your home. The best thing that you can do is either rent a power washer or have someone come and do it. Either way, you want to wash years of dirt off your driveway, sidewalk and home. You also want to pay attention to the front door. As an agent, it takes a few seconds for me to open a lockbox, and this gives the buyer a chance to really look at your entryway while they are waiting. Take a moment to make sure there isn’t any peeling paint on the door or cobwebs around the lights.

Next, step #5 is to work with your agent on staging your home. 77% of buyer’s agents said that staging a home makes it easier for buyers to visualize themselves living in it. And Staging will help your home stand out against the competition by showcasing the best features of your home to any prospective buyers. Also, research shows that professionally staged homes can sell for as much as 10% more than homes that are not staged.

Also, #6 is now that you’ve gotten your home ready, you will want to get professional photos of your home. According to Nat’l Assoc of Realtors, 67% sixty seven percent of buyers will walk through a home that they saw online so professional pictures are a must in your preparation.

Lastly, now that your home is all ready for buyers, you must have a showing plan. Buyers and their agents may request a showing of your home at any time, and you must be prepared. Until your home is under contract, it’s important to be able to leave your home at a moment’s notice. A few things you can do is plan simpler meals for easy clean up and make plans for some outdoor activities. Also, find a place to bring your pets during showings, maybe family or a good friend to take care of them.

These steps will help you in selling your home faster and for more money.

For more information feel free to call us anytime, Jason Caskie with the Ohlmeyer Team at Coldwell Banker. We are your San Ramon Valley & Bay Area real estate experts! And remember Sell Your Home Smarter!’

JUST LISTED IN SAN RAMON!

3075 Kittery Ave, San Ramon, CA 94583

$1,198,000 | 3 Beds | 2 Baths | 1,025 SqFt

Welcome Home! Turn-key single story rancher in the heart of San Ramon! Recent updates (2021) include: Roof, HVAC (heating and air), kitchen remodel (light quartz counters, white Shaker-style cabinets, stainless steel appliances, subway tile back-splash), flooring & baseboards, light fixtures, interior/exterior paint, pavers (driveway, walkways, patio), front & back yard landscaping, garage door (including opener) and more! Close (walking distance) to award winning San Ramon K-12 schools, Iron Horse walking trail and a short drive to San Ramon’s City Center! Close to parks, freeway access, commute access, shops & restaurants! One of the lowest priced detached homes in San Ramon! Offers to be reviewed on 11/22/21 at 5:00pm!

FULL LISTING

NOW PENDING IN TRACY!

772 Breezewood Ct, Tracy, CA 95376

$469,000 | 3 Beds | 2.5 Baths | 1,368 SQFt

Fabulous 3bed/2.5 bath 2-story townhome in the Village at Summergate! As close as you can get to single family home living but at a better price! Desirable end-unit with attached 2-car garage. Gleaming Brazilian hardwood oak floors throughout downstairs PLUS staircase & upstairs landing. Large family room complete with gas fireplace and decorative surround. Crown molding. Built-in media niche. New carpets in all 3 bedrooms. New A/C. This turnkey unit boasts a landscaped front courtyard & a separate garden patio off the family room. The large kitchen has pull-out shelving with lots of counter and cabinet space PLUS a pantry. Master suite bedroom with vaulted ceilings. Gated community with community pool & spa and plenty of guest parking. Just minutes to everything! Summergate is among the highly sought after communities, centrally located close to schools, hospitals, freeways, shops & many other urban amenities. HOA fees cover home insurance (natural hazards), water, garbage, sewer, sec

FULL LISTING

NOW PENDING IN WESTSIDE DANVILLE!

228 Jewel Ter, Danville, CA 94526

$874,888 | 3 Beds | 2.5 Baths | 1,559 SqFt

Location, location, location! Great opportunity to live on the west side of Danville! Walking distance to The Livery, downtown Danville, shops and restaurants! Situated in the Diablo View community, town-home style living, 3 bedrooms, 2.5 baths, open floor plan, two-car attached garage, two bedrooms with en-suite bathrooms, freshly painted interior, community pool and much more! Close to highly rated Danville schools! This one is a must see!

FULL LISTING

JUST SOLD $200K+ OVER ASKING PRICE IN SAN RAMON!

504 Summer Valley Ct, San Ramon, CA 94582

$1,865,000 | 4 Beds | 3 Baths | 2,570 SqFt

Great location in the desirable Bent Creek Community in San Ramon! Situated in a court, open floor plan, 3 car garage, vaulted ceilings, hardwood floors, dual pane windows, bedroom and full bathroom on the main level! Plenty of room to roam with a living room, dining area, family room, kitchen with an island, approx. 2,570 square feet of living space situated on an approx. 7,200 square foot lot. Minutes from highly rated San Ramon schools, restaurants, shops, commute access and much more!

FULL LISTING

NOW PENDING IN LIVERMORE!

1085 Murrieta Blvd, Unit 122, Livermore, CA 94550

$449,000 | 2 beds | 2 baths | 995 SqFt

Move in ready 2 bedroom/2 bath condo in the heart of Livermore! Gated community, open floor plan, single level, located on the first floor. Updated flooring, kitchen (stained cabinets with pull-out Lazy Susan), window coverings (shutters), fresh interior paint, recently remodeled master bath, charming patio, dual pane windows and much more! Close proximity to the HOA amenities…community pool, laundry facility, exercise room, club house and greenbelt. Location, location, location! Just minutes from the heart of downtown Livermore…loaded with restaurants, shops, award winning wineries, movie theater, commute access, schools and more! Great opportunity for first time home buyers, empty nesters and investors!

FULL LISTING

Easy Upgrades: Tackle These Projects In A Single Day

It’s easy to get stressed out just hearing the word “renovation.” You’re instantly thinking of having your home life disrupted by construction debris, cluttered rooms, and loud noises.

But you don’t have to spend a ton of money and brace yourself for months of inconvenience to upgrade your home. Here are a few projects that you can knock out in a single day, and they’ll greatly improve the look and enjoyment of your home.

Paint or replace an exterior door: If you know the correct dimensions and specifications for a replacement door, replacing an exterior door is a quick and easy job. That’s even more true if you’re repainting it. Preparation and a few coats of paint will only take a few hours.

Plant some low-maintenance trees: Young evergreen trees are relatively simple to plant, and after some heavy watering in the first few weeks, they’re very easy to maintain. They’ll add some color and texture to your landscaping, instantly improving curb appeal.

New light fixtures: Whether they’re on the interior or exterior of your home, something as subtle as light textures can have a dramatic effect. Swapping out traditional fixtures for something modern or industrial can completely transform a room.

New hardware: Drawer pulls and door knobs are easy to change out, and like light fixtures, they have a big impact. You’d be amazed how your kitchen or bathroom could look with new hardware.

Thinking about selling your home? Here are Quick Tips #4-7

So you’re thinking about putting your home on the market, and you want to make sure you’re going to get the best return on your investment. These tips should help!! I know, selling homes is second nature to me as I’ve been doing it for 20 years, but I get nervous nellie sellers all the time, and of course you’re nervous, it’s a big deal.

Well, Let’s talk about Curb Appeal. This is important as it’s the first impression your buyer will have when they arrive at your home. The best thing that you can do is either rent a power washer or have someone come and do it. Either way, you want to wash years of dirt off your driveway, sidewalk and home. You also want to pay attention to the front door. As an agent, it takes a few seconds for me to open a lockbox, and this gives the buyer a chance to really look at your entryway while they are waiting. Take a moment to make sure there isn’t any peeling paint on the door or cobwebs around the lights.

Next, step #5 is to work with your agent on staging your home. 77% of buyer’s agents said that staging a home makes it easier for buyers to visualize themselves living in it. And Staging will help your home stand out against the competition by showcasing the best features of your home to any prospective buyers. Also, research shows that professionally staged homes can sell for as much as 10% more than homes that are not staged.

Also, #6 is now that you’ve gotten your home ready, you will want to get professional photos of your home. According to Nat’l Assoc of Realtors, 67% sixty seven percent of buyers will walk through a home that they saw online so professional pictures are a must in your preparation.

Lastly, now that your home is all ready for buyers, you must have a showing plan. Buyers and their agents may request a showing of your home at any time, and you must be prepared. Until your home is under contract, it’s important to be able to leave your home at a moment’s notice. A few things you can do is plan simpler meals for easy clean up and make plans for some outdoor activities. Also, find a place to bring your pets during showings, maybe family or a good friend to take care of them.

These steps will help you in selling your home faster and for more money.

For more information feel free to call us anytime, Jason Caskie with the Ohlmeyer Team at Coldwell Banker. We are your San Ramon Valley & Bay Area real estate experts! And remember Sell Your Home Smarter!’