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The Property Staging Debate: Should You Do It & How Much?
Should you stage your property to help it sell faster, and for more money? The big staging debate has been going on for a while. Some don’t see the rewards. Others wouldn’t dream of marketing a property unless they’ve staged it. So, do the numbers really work? How much staging should you do? Staging By The Numbers Virtually all builders have a model. Preconstruction condos will almost invariably be presented with materials showing staged and furnished units. When it comes to residential homes:
3 Levels of Property Staging There are a variety of levels of staging depending on your budget, how you are selling, and what the market demands. This can generally be broken down into three main categories.
Investing in Staging Staging costs can vary from a couple hundred dollars for virtual staging and renderings to bringing in furniture and appliances, to giving the property a complete makeover for six figures. However, you do want to be sure you are going to generate a positive return on your investment. You may not find that using the most luxurious service, if the property doesn’t warrant it. Perhaps you just want to stage one model unit in a multifamily for the best return. Or some investors may buy the furniture and include it in the sales price, or resell it afterward. Often at a profit. Those on a tighter budget may just rent the furniture and staging materials until a contract is signed. Summary Staging can help. Check out what you need to compete and stand out. Do the numbers, and get an expert second opinion to back up your assumptions. For help and advice on the staging debate and finding the right level of staging for your property contact us. We’re experienced in selling homes, apartment buildings, new construction, redevelopments, and everything in between. Get Your Property value Now Get an instant estimate today to find out how much your property Is worth for FREE! The #1 Brooklyn real estate team is standing by to help you with your next real estate move. Contact The Ratner Team for a no obligation free home value report, ask about our record setting real estate sales service, and find out about the best new property listings we have coming to market.
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4 Ways To Avoid Taxes When Selling Your Property
There are great gains to be found in real estate. Sometimes those gains can also trigger big tax bills. How do you retain more of what you make, and minimize what Uncle Sam takes out of your pocket? While taxes can be steep and complicated, there are numerous exemptions for legally avoiding unnecessary taxation. The government has not only created these for you, but expects you to take full advantage of them. If you don’t, you are just throwing away what you’ve made. Here are four ways to help minimize that… Self-Directed IRAs Contributing to, and investing through self-directed retirement accounts can help defer taxes and even secure tax free gains. 1031 Exchanges These powerful tax deferring vehicles can help investors make the most of opportunities, without the harsh financial penalties. They are also far more flexible than most realize. Find out more about them here. Donate New legal changes have increased the amount that investors can give to charitable organizations and deduct. Real estate owners may also find they can begin passing on more of their estate to heirs early through gifts and various holding structures earlier too. Learn more about Wills, Trusts & Estate Planning here. Better Accounting & Tax Planning Most individuals and families can fare far better at tax time with a better accountant, and forward thinking tax planning which maximizes deductions each year. With a good plan you’ll be reducing your tax burden right from January 1st each year, and have the documentation to offset any gain you make. Get Your Property value Now Get an instant estimate today to find out how much your property Is worth for FREE! The #1 Brooklyn real estate team is standing by to help you with your next real estate move. Contact The Ratner Team for a no obligation free home value report, ask about our record setting real estate sales service, and find out about the best new property listings we have coming to market. Showing a Property with Tenants
Are you trying to sell a property which has tenants? What’s the best way to navigate the situation? How do you handle showings? Most property owners aren’t familiar with the best practices for showing homes and apartments for sale. It can get even trickier when there are tenants occupying units. How do you deal with it? Who Should Show the Property Data shows that the property owner isn’t the best person to show a property to prospective buyers. There are just too many emotional factors involved to be conducive to a sale and receiving the best offer. Tenants certainly shouldn’t be showing it either.There are too many conflicts of interest involved. If you are not using a real estate agent; make sure you have a third party there you can trust. Make sure they are hyper-vigilant about protecting tenant’s property and privacy too. Working with, and around Tenants Then there are the simple logistics of showing a property that has tenants which can be challenging. You need to be able to show your units. You have the right to. Just make sure you give renters proper legal notices. You also don’t want to scare your tenants off. You don’t want them to leave and devalue your property or interrupt your income. So be transparent with them and set clear expectations. Let them know how secure they are with their lease and being able to stay. And how it is in their best interests to help. Get Your Property value Now Get an instant estimate today to find out how much your property Is worth for FREE! The #1 Brooklyn real estate team is standing by to help you with your next real estate move. Contact The Ratner Team for a no obligation free home value report, ask about our record setting real estate sales service, and find out about the best new property listings we have coming to market. |
AuthorsNate Pfaff Archives
October 2024
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