enrichedrealestate

Since Covid-19 began, real estate experts have seen major changes in business and execution of contracts. At present, some cities and states have  paused transactions for real estate . Apart from that, market prices are being monitored as there is a difference in views as to how real estate pricing will fare during the pandemic. Some are expecting a downturn, while others feel that there will be minimal effects on  how commercial real estate is priced  down the line. With that said, this is how Enriched Real Estate views the movement of real estate values in the era of the pandemic. How Real Estate Reacts to Major Financial Fallouts In the Covid-19 era, how can we understand “value” to make wise investment decisions both now and in the future? Will those decisions be based on the “old paradigm” or the new, unknown post Covid-19 paradigm? Following are material factors to consider: Real estate experts around the world are attempting to understand the impact C...

Everyone is trying to scramble nowadays to find how to easily bounce back after this pandemic. And with the uncertainty of time and the unlikely end of this crisis in the soonest, many are resigning themselves to get by just so they can still have some investments until the vaccine is found for Covid-19. One of the most surprising things that happened is the way that this crisis has affected the real estate industry. The seeming immovable investment has been shaken along with all other industries. This is why there are plenty of studies being conducted and simulations being done to see how to bounce back with the least amount of damage or the fairest amount of return for investments made pre-pandemic. While those assessments are still being evaluated, what can be done is properly plan out what to do in case the cure is found soon. The damage has been done, so what actions can be taken to win in the future even if another virus disrupts our everyday life? One of the most notab...

Much to our dismay, the summer is coming to a close. With winter weather approaching in just a few months, now is the time to get your home and yard ready for the harsh winter weather that is headed your way. Aside from just general cleanup of your yard, you’ll want to make sure that you check the snow-removal equipment, make sure the exterior of your home is ready, and that the interior is prepped as well. Let’s look at some helpful tips. Clear out the yard. In the summer, you likely have a lot of items in your yard. This can include things like patio furniture, benches, a grill,  pool equipment , yard equipment, children’s toys, potted plants, and so forth. If you leave all of these items in the yard, this can cause a lot of weather damage to these items. Not to mention, if winter storms bring strong winds, this is debris that could get blown into your home and potentially cause damage. Try to find a place that you can store these seasonal items. If you don’t have a g...

So now you are ready to  SELL  your investment. How should it be positioned to command the highest price? Is it equally important to sell it fast? Should you employ a professional real estate agent? Any renovations needed? A few tried and true factors may be in your favor: A sale to an owner occupant typically commands a higher price than a sale to an investor. Owner occupants may even pay premiums if there are building attributes and functionalities that appeal to their social, business, and spatial needs. When prospective buyers tour properties, favorable site, and smell attributes can enhance demand. Dead or dying landscape, musty odors, and stains on paint and carpets can easily deter buyers. Cosmetic upgrades are typically low-cost repairs and curing deferred maintenance (postponed repair items that are needed) can help if investors look to sell properties at price premiums. Nothing beats the smell of  FRESH BAKED COOKIES! Remaining lease ter...