Buy New House Or An Old One?

by Administrator 17. April 2013 13:19

Owning a beautiful house finds mention in the wish list of all. But when you take the big decision of finally buying a home for yourself in Killeen Tx, the big question that arises is whether you should buy a new house or an old one? Read on to know the pros and cons of both and decide accordingly.

  • If you are buying an old house, then you must be prepared to deal with the little repair work and other similar adjustments to renovate your house. However, if you are not keen on doing any of this work, then buying a new home is a better option.
  • Secondly, old homes usually have well manicured lawns and the backyard is fully developed with mature trees and beautiful landscaping. However, this might not be in case of a new home.
  • You must hire a realtor to find out a property for you depending on your needs and requirements. If you are considering buying an old home, make necessary checks whether all the appliances and systems are working well without. After all, you will be giving extra charges for the facilities that you are being provided.
  • An old home will have features such as window treatments and a security system etc. You do not have to worry about adding these aspects to your home. But if you plan to buy a new property, then you will have to add these features on your own. So, keep this factor in mind.
  • The changes in land-use patterns have led to a reduction in the land that is being allotted to newer homes. Therefore, if you have a longing for large spaces, going in for older homes will be a better option.
  • The older the home, older will be the locality. So depending on your location preference, you must buy an old or new home. If you are comfortable with a contemporary lifestyle and surroundings, you must buy a new home.
  • Some people are interested in buying an old home so that they can expand and modernize it according to their preferences. So, if you are also one of them, then go in for an older home and turn it into the house of your dreams with your unique ideas.

Keep all the above factors in mind to arrive upon a decision of buying a sleek new home or an old vintage property.

For more information on, visit us at Lone Star Realty & Property Management Inc. We are located at 1020 W Jasper Dr, Killeen, TX 76542. You can also call us at (254) 699 – 7003 or (254) 290-4153.

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How To Rent Out Your House

by Administrator 5. April 2013 14:22

Renting out your home in Fort Hood can prove to be an additional source of income. It can help you pay the mortgage expenses as well as cover up other expenditures too. However, you need to take care of certain things before you decide on to get the rental income from your housing property. Read on to know…

  • Renting a house can be a challenging task. Though renting your property in Fort Hood can prove to be financially beneficial, you need to make an extra effort to see that everything runs smoothly without any hiccups. You will have to take care of every aspect of the maintenance of your home and also see that you collect the rent on time. This is where Property Management Company can be quite beneficial.
  • Before you rent out your home, make sure that it is in a perfect condition. It is always good to exceed the expectations of tenants as they will properly review your home before they agree to have it on rent. Therefore, check that your home is perfectly cleaned and all the appliances are working properly.
  • If you are thinking of renting out a particular area or room in your home, make sure it is secured from the rest of the house. The elements of the home should not interfere with this area otherwise the tenants will get irritated and might leave the home.
  • You can list you rental ad online and highlight the special features to attract potential tenants. But use only those terms that are applicable to your home and do not try to fool the tenants. Even newspapers and local places can also be used to put up your rental ad.
  • There are particular times during the year when renters plan to shift homes. This period generally extends from March to August. So, make sure that you place your rental ad keeping this factor in mind.
  • Get in touch with real estate agent, property management company or real estate attorneys to make sure that you are not violating any of the local tax laws and rules regarding the property. This will help in avoiding any legal hassles later on. The owner-tenant laws will be much clearer to you once an attorney explains them to you in an easy language.
  • Setting up a competitive price for your rental home can attract more tenants. The price should neither be too high nor too low.
  • Screen the tenants carefully and also check their financial status to see if they can pay their rent on time. Get in touch with a realtor or a property management firm to guide you in the whole process.

 

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