RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 4/4/2021

Photo by Nattanan Kanchanaprat via Pixabay

Would you like to invest in real estate? To buy thousands of income-producing properties, from apartments to office buildings to industrial parks, all over the country or the world? It you’re wealthy, you might dispatch someone to travel far and wide and do just that, but even if you’re not rich you can participate. The tool that enables this is a Real Estate Investment Trust, or REIT.

What is a REIT?

A REIT uses its investors’ money to buy or finance real estate that produces income. It’s an investment in property rather than stocks or bonds. The profit it earns from leases and rents is distributed to investors. By law REITs must pay out 90 percent of this income to the shareholders, but 100 percent is more common.

Most REITS are Equity REITs, which directly own property. Mortgage REITs are indirect, investing in mortgages and mortgage-backed securities. Most REITs are publicly traded and listed on national exchanges. Some are private; these generally require a larger minimum investment.

REIT holdings include residential buildings, office space, industrial facilities, shopping centers, hotels, storage facilities and even data centers. A REIT may invest in one of these asset types or a mix of many.

There are also mutual funds that invest in REITs. Some are actively managed and others are Exchange Traded Funds (ETFs) that buy all REITs, or all REITs in specific categories, without trying to pick winners.

Are REITs a good investment?

REITs offer the benefits of owning rental property without the headaches, homework and personal risk. If you want to buy, say, an apartment building, you must evaluate the property, arrange financing, find renters, deal with tenants and building maintenance on a day-to-day basis and handle the accounting and taxes. If your investment turns sour you’re in for a big loss. With REITs, professionals do that work, and if one property loses money it’s offset by those that do well. Also, you can put as much or as little at risk as you want in a REIT. You can buy a small number of shares for a few thousand or even a few hundred dollars.

Historically, REITs have outperformed most other investments long-term. Average returns for the last 10, 20, 30 and 40 years have been comfortably over 10%. However, REITs are subject to the ups and downs of real estate and can be a loser in the short run. Generally the best time to buy a REIT is when the real estate market is at the bottom as opposed to when it’s nearing a crest. Of course, it’s difficult to know exactly when that is, so dollar cost averaging, i.e., buying regularly over time, is a good strategy.

REITs tend not to move up and down in lockstep with stocks and bonds, so they can have a balancing effect in a portfolio. Few would recommend making REITs the major part of your holdings, but they can be an important component of your investment strategy.





Posted by RE/MAX Executive Realty on 3/28/2021

If you recently bought or sold a house, you may have only a short amount of time to pack up your belongings and get your family ready for moving day. As such, you'll need to tell your children about your upcoming move to ensure they can prepare accordingly.

Ultimately, informing your kids about your move can be difficult, especially for families that have lived in a particular city or town for many years. Lucky for you, we're here to help you minimize the stress commonly associated with telling your kids about moving day.

Here are three tips to ensure you can stay calm, cool and composed when you inform your kids about your decision to relocate.

1. Speak with Your Kids As Soon As Possible

The longer that you wait to tell your kids about your move, the tougher it will become to break the news to them. Thus, as soon as you decide to purchase or sell a home, you should tell your kids.

Remember, the sooner you speak with your children, the sooner they can start planning for the future. You also can discuss any moving concerns with your kids and ensure they can receive your full emotional support as moving day approaches.

2. Plan Ahead for Your Family Discussion

In most instances, kids will have lots of questions about your decision to move. As a parent, it is your responsibility to dedicate the necessary time and resources to respond to all of your kids' queries.

Consider your children's perspective before you inform your kids about your decision to buy or sell a house Ė you'll be glad you did. If you plan ahead for a discussion with your kids, you may be able to anticipate potential questions and be ready to provide thoughtful responses.

3. Be Honest

No parent has all the answers, all the time. And if you face children's questions about your move and are uncertain about how to respond to them, you should not hesitate to speak from the heart.

It may be impossible to have answers to all of your kids' questions about an upcoming move. However, if you're honest with your children, you can provide them with plenty of support throughout the moving cycle.

When it comes to discussing an upcoming move with kids, both parents and their children may get emotional. Fortunately, parents and children can work together to support one another and ensure all family members can reap the benefits of a successful transition to a new address.

Lastly, if you need extra help as you get ready to discuss an upcoming move with your kids, you can always consult with a real estate agent. In addition to helping you navigate the homebuying or home selling process, a real estate agent can provide honest, unbiased recommendations about the best ways to inform your children about your decision to buy or sell a residence.

Use the aforementioned tips, and you can take the guesswork out of telling your kids about your upcoming move.




Tags: moving tips   kids  
Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 3/28/2021

In many ways, the quality of your life is determined by the condition of your home. If it feels like your home is in disrepair, messy, or cluttered, you're not going to feel comfortable or satisfied with your living situation. While perfection is an unattainable standard, there are a lot of simple things you can do to keep your home in good condition and prevent problems.

Train Your dog. Although many people own dogs and consider them to be a cherished part of the family, not everyone takes the time to properly housebreak, exercise, and train their pets. Dogs are very eager to please, but they need clear guidelines to understand what you expect of them. Some dogs also tend to express frustration or restlessness in destructive ways if they're not given enough attention, exercise, or toys/treats to chew on. It's not uncommon for dogs to chew on furniture, shoes, or other valued possessions if their needs are not met. Ideally, people should research dog breeds before actually purchasing a household pet. That way you can know more about temperament, exercise requirements, and training potential before you bring a puppy into the family. In addition to helpful online videos on raising obedient dogs, pet supply stores periodically offer low-cost training classes for dogs and their owners. Effectively housebreaking your pet in the first few days and weeks of adopting them is a key aspect of a harmonious pet/owner relationship. Otherwise, your furniture, hardwood floors, and carpeting could be subject to irreparable damage!

Use Furniture Sliders: Hardwood floors can be a mixed blessing. On one hand, they're a high-quality, nice-looking material that enhances the look and feel of your home. On the other hand, it can be difficult to prevent scratching, scuffing, and even gouging of those beautiful surfaces. One solution, which is easy on both your floors and your pocketbook, is to put felt or plastic furniture sliders under the legs of your tables, chairs, and ottomans. Not only can you prevent or reduce hardwood floor scratching that inevitably happens when furniture is dragged across a floor, but it also makes it easier to rearrange furniture.

Maintain Your Rain Gutters: Properly working rain gutters serve the useful purpose of channeling water away from your roof, eaves, and foundation. By making sure your gutters are not clogged up with leaves, branches, and other debris, you can help protect your home from water damage. If the downspout of your rain gutter empties water too close to your house, you can often correct that by purchasing and attaching an inexpensive extension. Routing water away from your foundation can help prevent basement leaks, cracking, and crumbling. It can also be part of a multi-faceted approach to preventing basement mold.

Control Clutter: Household clutter not only degrades the appearance of your home (for both you and your guests), but it's a known source of psychological stress. Taking the first step to reduce clutter is usually the most difficult part of the process, but once it's a habit, maintaining a clutter-free home becomes infinitely easier!





Posted by RE/MAX Executive Realty on 3/28/2021

Photo by Brett Hondow via Pixabay

You love your tiles. But they don't seem to do your bathroom justice anymore. Ask yourself, is it the tiles themselves, or what's in between that makes you cringe? Is the grout cracked, faded, yellowish or gray? 

Breathe new life into a dirty-looking bathroom tile floor, kitchen backsplash or tile shower by simply re-grouting the tiles and polishing them. Here's how to do it.

What you'll need

  • Margin float
  • Earplugs (if you're using a rotary. It's loud!)
  • Two sponges
  • Safety glasses
  • Two buckets
  • Manual grout removal tool with a carbide blade 
  • Rotary tool or reciprocating saw (not needed for small jobs)
  • Grout
  • One cup vinegar (for polishing)

Step 1: choose the right tool for the job

A rotary tool or reciprocating saw is faster. But you'll have to be extra careful not to damage a tile. And if you don't have a rotary tool, you'll need to buy or borrow. For these reasons, generally, you'll only want to go to this option if you have a larger space to re-grout like a master bathroom. 

On the other hand, removing grout manually can be tedious and slow at times. *Pro tip* For smaller jobs, start with a manual tool. You can always switch to a power tool if you find you don't have the patience.

Step 2: remove the existing grout

Start by putting on your safety glasses and ear protection if using a power tool. Whether using a manual tool or electric, slowly guide your instrument through the in-between, cutting out the grout. *Pro tip* Start in a less seen area of the room like behind the door or toilet. That way, if you do make a mistake (break a tile) when learning how to use the tool, it's less of a deal-breaker, and you won't feel you must replace the tile.

Step 3: mix & apply the grout




Tags: DIY   tile   grout  
Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 3/21/2021

Kitchens have become the new hip gathering spot in the home. With open floor plans, kitchens are combining the cooking, dining, and hanging out areas of your home and meshing them into one big room. Counters and islands have become tables, trading for fancy dining tables. People tend to congregate in the kitchen, allowing it to be the center of food, fun, and conversation. How can you make your kitchen ultra inviting? Below, youíll find a few tips to help bring your kitchen to a new level of trendy.    


Bright, Attractive Cabinets


Cabinets are one of the focal points of the kitchen. If you have bright cabinets, it attracts people to the room. The type of cabinets that you have also establish the type of style that youíre looking to create in the kitchen and possibly throughout your home. Youíll want to work the entire color palette of your kitchen around the color and style of your cabinets. As a bonus, good cabinets equal good storage. If your kitchen is organized, youíll feel a lot happier and at ease in the room as well.


Technology


Kitchens are becoming increasingly technological. From smart, energy efficient appliances, to features of the kitchen that you can control with your smartphone, a kitchen can truly have it all. This makes entertaining a breeze. You could even get dinner going before you ever leave work! All of the new technologies that are being introduced surely make life much easier. 


Advanced Lighting


The type of lighting that you employ in the kitchen can set the tone for the whole room. Not only do you need good task lighting, but ambient lighting is important as well in order to attract guests to the main gathering place of the house. Whatever vibe you want your kitchen to give off works with the lighting thatís available. The kitchen certainly should never be a dark room. Consider the safety factor thatís needed in the room, then realize just how inviting a room is that is bright and airy. Itís important to plan out your lighting scheme accordingly when it comes to your kitchen. 


Storage


One thing youíll want plenty of in your kitchen is storage. This helps to reduce clutter, increase organization and makes entertaining an easier undertaking. Guests will feel more welcome as there will be ample room to sit and hang out while prepping and cooking are going on. 


It seems that trends in kitchens are always changing, however, many things remain constant. The need for a clean and organized gathering area in your home will never go away.  

         








Tags: kitchen   entertaining  
Categories: Uncategorized  




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