Barracuda Consulting, LLC

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The Pros and Cons of Home Inspections for Prospective Real Estate Buyers

Written By: Jacquelyn Annete García Vadnais Purchasing a new home for personal use or an investment property is a major decision. There are many factors to consider on making such a large purchase and one of those issues is the actual condition of the home. This is particularly true for homes that have been lived in by previous owners along with homes that are older than ten years. It is wise for prospective home purchasers to have a clear understanding of what kinds of inspections they need to plan for before their purchase closes. In addition, it is wise for prospective buyers to consider the pros and cons of home inspections in order to make the best decision possible. In order to learn more about the pros and cons of home inspections for prospective real estate buyers, review the information below: Benefits of Home Inspections for Prospective Real Estate Purchasers Obtaining Important Information About Costly Repairs When it is a seller’s market, it can be tempting for buyers to wa...

Property Potential: Factors to Consider in Real Estate Investment

Written By: Jacquelyn Annete García Vadnais When considering whether to purchase a property, there are several factors that must be studied to determine whether the property will be a good or bad investment. One of the most important parts of the sales process is the inspection. During the inspection, there will be a chance to look at the house closely. In order to learn more about what positive indicators or detrimental red flags to look for in order to determine if a property is a good or bad investment, please review the information below: Indicators a Property Could Be a Good Investment The Property Has a New Roof Having a newer roof, is a positive indicator when determining if a home is a wise investment. The average roof lasts for close to 20 years . If a roof needs to be replaced the median price in the United States is $7,747. Finding out that a new roof has recently been installed or that the home was constructed only a couple of years ago will decrease the cost of repairs. ...

Raising the Resale Value of Your Home

Written By: Jacquelyn Annete García Vadnais It can be challenging to consider how to increase the value of a home that an existing homeowner wants to sell. The reason for this is that there may have been many changes made during the period of ownership that should be updated or perhaps some of the aspects of the home are outdated and unappealing to the current real estate buyers. It is wise for homeowners that are looking to increase the value of their home to consider researching extensively or consulting an expert in order to figure out which modifications are worthwhile to increase the value of their existing property. In order to learn more about strategic ways to increase the resale value of a home, please review the information below: Strategic Ways to Increase the Resale Value of Your Home Consider Improving Your Home’s Curb Appeal Curb appeal is a very important investment to make because it is the first impression that a prospective buyer has of a home. Curb appeal can includ...

The Pros & Cons of Renting out Your Residence

Written By: Jacquelyn Annete García Vadnais There has been an increased interest in renting out one’s home or an investment property to tenants in recent years. Many speculate that there is a great deal of potential for profit and sufficient opportunity for a homeowner or real estate investor to increase their real estate portfolio in the medium or long term. When deciding whether renting out your home or an investment property is a smart decision, it is essential to weigh the overall costs in order to ensure renting the property is a good decision. Below is a list of important pros and cons to consider when deciding whether renting out your home or investment property is the best strategy. Important Pros of Renting Out Your Home Higher Income There is no doubt that a landlord who rents out an investment property or a homeowner that rents out their own home will have an increase in income . This is particularly true if your property is located in a valuable neighborhood with a great sc...

Real Estate Investment: Pricing Residential Property Prudently

Written By: Jacquelyn Annete García Vadnais When trying to acquire a new home or investment property, it can be difficult to ascertain when you are getting a good price on a residential property. Many purchasers view purchasing a residential property as an emotional decision as well, which does not help them get the best value for their money. For prospective buyers that are looking to purchase a new home or a new residential investment property, it is recommended to review the information below: Key Indicators to Look For to Ensure You Get the Best Real Estate Deal Analyze Sold Comparables on the Market When purchasing a residential property, it is best to do your own research, or work with an agent with local experience in the area. This way, the agent will be able to discuss with you comparables that have sold recently. It is recommended to analyze several recently sold comparables that have similar square footages, number of rooms/ bathrooms, and landscaping features as the proper...

HOA Hesitation: The Pros and Cons of the Homeowners Association

Written By: Jacquelyn Annete García Vadnais Homeowners Associations can cause a great deal of confusion with homebuyers and real estate investors alike due to the lack of clarity regarding how they bring value to real estate communities. Many purchasers wrestle with whether having a Homeowners Association is worthwhile or whether they should seek out a community that does not have high Homeowners Association dues. This is a decision that should not be taken lightly as it has the potential to greatly impact the overall cost of a particular residential property. In order to learn more about the pros and cons of investing in or purchasing a property that has a Homeowners Association, review the information below: Pros and Cons to Consider When Purchasing a Property that Has a Homeowners Associations Pros Maintenance of Amenities Communities that have Homeowners Associations can benefit from offering residents many amenities. This can be appealing to a resident or prospective tenants that ...