Why do old houses not take advantage of the back yard? Real Estate |
- Why do old houses not take advantage of the back yard?
- Fannie Mae continues 2.9% interest forecast
- Redfin CEO Expects exodus from expensive high cost cities
- Is commercial real estate going to suffer after COVID as companies realize that work can be done at home?
- Neighbor wants to cut down part of my fence to build on the boundary (Part 2)
- Moving to a Rural Area (Colorado)
- How to Know I'm not Overpaying for a House
- If you were buying a rental property, how many years would be a reasonable tome to recoup your initial investment and what’s the maximum amount of years you’d wait to recoup the initial investment before deciding not to purchase the property?
- Has anyone ever bought a Lennar home? Or any new “cookie cutter” build?
- Question on buying a Studio near University
- Anyone know anyone who bought a home in a rural area and hated it?
- Financing options in these trying times?
- As a new homeowner, what am I allowed to do with my backyard?
- Buyers who have waived a home inspection, tell us your story.
- [PEI, Canada] Determining the true build date of a house
- 3rd times the charm. Lessons learned so far.
- 7k Closing costs on a 40k house?
- Question about potential foreclsoure
- Back-to-Back Refinancing? How soon is too soon or too many?!
- My landlord didn't have lightbulbs or a filter for the air conditioner when we moved in. They're demanding we leave a filter for them and replace all the lightbulbs on our own dine now that we're moving out. Is it our responsibility?
- How to choose area to invest?
- Final Walkthrough
- Old Pool
- Is it common to add the Landlord as additionally insured?
- Covid Impact on WFH and Commute Times?
| Why do old houses not take advantage of the back yard? Posted: 13 May 2020 06:17 PM PDT Here's an example of what I'm talking about: https://imgur.com/a/7RtxEbA I've seen this over and over with houses built in the early 20th century and before. There's no back exit to the house, and so no good place to put a deck. The back windows are probably no bigger or more numerous than the ones on the side. To get to the backyard, you either have to walk around from the front or exit on the side down a half flight of stairs from the kitchen or something. It seems so obvious to everyone now that if you have a backyard, you would want to make it look welcoming from inside the house and take advantage of the privacy and greenery. So why was that not always the case? [link] [comments]  |
| Fannie Mae continues 2.9% interest forecast Posted: 13 May 2020 03:12 PM PDT Fannie Mae released their May housing forecast today, that continues their April prediction of an average 30 year fixed rate of 2.9% being reached in 2021. The May forecast predicts 2.9 to be reached Q1 2021 whereas previously it was Q2 2021. They also forecast that new and existing houses won't necessarily "drop", but instead return to Q1 prices in Q4 and slowly rise in 2021. What's everyone's thoughts? How much should we weight Fannie Mae's forecasting? Is anyone holding off on buying / refinancing with this info? Anyone selling this summer to try and lock in best prices? [link] [comments]  |
| Redfin CEO Expects exodus from expensive high cost cities Posted: 13 May 2020 10:16 AM PDT https://www.youtube.com/watch?v=YEjHImyJb18 Boise or Bozeman bound? Redfin CEO predicts big shift to smaller cities as remote work takes hold I totally agree, me and my partner have already shifted our home search from close in Maryland suburbs to potentially buying some acreage in Virginia or Maryland where we can have some space but still be within 1.5 hours of DC. Does anyone else agree that people will start looking for homes in smaller cities as this crisis wears on and WFH becomes the standard? [link] [comments]  |
| Posted: 13 May 2020 05:21 AM PDT Seems like a lot of companies are already starting to sell off their offices or are making work at home a permanent thing. An example is twitter where the CEO announced that people can work form home indefinitely should they choose. Is this going to cause a major downturn for commercial real estate? [link] [comments]  |
| Neighbor wants to cut down part of my fence to build on the boundary (Part 2) Posted: 13 May 2020 08:03 AM PDT Backstory: Neighboring house and block (residential area, moderate sized block) was bought by investor, investor decided to instantly subdivide and plan for second dwelling on new subdivision, submitted plans to council but conveniently failed to make clear on plans that it would be a zero boundary line ie garage sitting on boundary, replacing my fence. Subdivision approved by council and permit approved by private surveyor. Builder called me at last minute to get my consent for this plan. I explained I had no idea this garage wall would be on my boundary replacing my fence, even after viewing the plans which had been submitted to the local council, and politely said no I'm not okay with this. Removing fence, working in my yard, and ugly brick wall right on the boundary, right in the middle of my yard, and all the legal implications of that. No thanks. The builder agreed now to leave my fence intact and build up to it (I believe it is 100mm away from the fence, according to the surveyor) after I explained my reasons for not wanting this to go ahead. They knew they'd done wrong by purposefully making the plan look ambiguous, surveyor said as much, "I told them to mark it as a zero lot line with no fence on the plan, I don't know why they didn't do it, oops". And still he approved the permit lol. I could have easily taken it to court and had the work blocked on that basis alone. Every plan ever submitted to council (and I checked every one currently under consideration) clearly demarcates zero lot lines. Except for this one. Seems like the builder wanted to get the subdivision and plan approved and sneak in a final written consent from me at the end, without giving me too much time to think of how shit it would all look when done. So now there will be a 3.2m high garage wall on the other side of my fence. I'm okay with that, let them build in their block. Fine with me. Builder emails me and tells me "Hey by the way, because you won't let us work in your yard or remove your fence, the garage wall will be laid bricks over hand, so it won't be cleaned and the mortar will look ugly. Just so you know". I did grant access to my yard and was willing to even compromise on removing the fence to allow them to lay bricks, just as long as the fence was put back into place when done, not replaced with a brick wall, and the wall built back from the boundary. Also didn't want my fence foundation to be affected. But this wasn't good enough for the builder. They wanted full access to my land AND to build to the boundary. Probably good I didn't grant them access because regardless of what we agreed on, I don't trust this builder to honor their word to build off the boundary once the fence is removed. They probably would have built right up to the boundary anyway. Since I denied consent for this boundary wall, builder curiously stopped responding to communication. When I tried to get the final word on what was happening, had to go through the surveyor. Interestingly, plans were redrawn in one day and then reapproved to build away from the boundary. Probably because all they had to do was move a wall in about 100-200m. I'm not too worried about this ugly mortar and unwashed bricks thing since I get to keep my uninterrupted fence. Sure it will be visible a bit above the fence line, but not in or bordering my yard. Surveyor told me if I "ask the builder nicely" they may agree to clean up the bricks above the fence line from my side, if I give them access. For funsies, I asked the builder (called from a new number and surprise surprise he picked up immediately) and they said no they won't do it, it's too much work for them lol. This whole thing makes me laugh. First the builder calls me and acts all fake and chummy, because he clearly wants something from me and wants me to agree to something that was never specifically outlined in any plan (and which I would have objected to from the get go had I known).....and now he's done a 180. Seems like this builder is okay with asking me for favours and asking me to make sacrifices, but if you ask him for something you can go to hell. I'm shocked /s TL; DR: builder wanted to remove my fence and build up to my boundary, wanted my written consent, and I denied it. He and his surveyor modified the plans to build 100mm away from the fence. Now he's sent me a veiled threat that the wall will be unwashed and look bad, because I denied him access, and he won't consider cleaning it from my side. [link] [comments]  |
| Moving to a Rural Area (Colorado) Posted: 13 May 2020 07:32 PM PDT I'm considering purchasing a home on acreage a mountain area of Colorado. I sold my home on the Front Range of Colorado 8 months ago and have been looking for a home since then. The home is fairly unique in the county, with year round access and a ~30 acres with trees. Well flow rates are 2 gpm, internet access is good, no hoa, nearby fishing and trails, and not too far from ski resorts. My job takes me away for long periods of time, but I'm home for long periods as well, so the 1:30 minute drive to Denver isn't a huge issue. I'm paying for a ILC to map an access easement. This is my first rural home purchase and I'm wondering if I'm missing anything? [link] [comments]  |
| How to Know I'm not Overpaying for a House Posted: 13 May 2020 09:23 PM PDT For starters, I'm making the mistake of checking how much the house has increased in value over the last ten years. Because of what happened in 2008, many properties in my area have doubled or tripled in value since then. I feel uncomfortable budding for a property that's increased that much in value in such a short amount of time ($60K to $180K). So, my question is... Is this a legit concern or am I looking at this the wrong way? I know there's a difference between $60K to $180K and $200K to $600K, but still, something seems off about a tripling in value in such a short period. Additionally, I'm looking at properties that recently sold to gauge what my subj prop value should be. Asking price is $230K but comps with most similar characteristics show closer to $190- $200K. Is making a $170K too low? Thanks in advance. [link] [comments]  |
| Posted: 14 May 2020 04:20 AM PDT Sorry it's a beginner question, this is new ground for me. [link] [comments]  |
| Has anyone ever bought a Lennar home? Or any new “cookie cutter” build? Posted: 14 May 2020 04:06 AM PDT Hi I'm looking into purchasing a home from the company Lennar. I've read lots of bad reviews but they all seem to be from homebuyers in Florida, Texas, and in a few cases California and Indiana. None so far in my state (that I've found online.) The reviews claim shoddy construction work and scammy behavior. Is this common amongst new builds? Should I worry about it? Anything I can do to protect myself? Thanks! [link] [comments]  |
| Question on buying a Studio near University Posted: 13 May 2020 11:54 PM PDT I plan on buying a studio apartment near a university as my first rental property once I have at least 50% of the price of the house, with the other 50% from loans. Is there anything I should consider when taking a mortgage such as interest rate and terms, additional costs when the primary tenant will be college students, and something I should expect when being the first-timer? The average for an apartment in the town cost around 60~100k with average rent going from 300$ to 500$ and the lowest interest rate I could find was 2.66% (In Korea not USA) [link] [comments]  |
| Anyone know anyone who bought a home in a rural area and hated it? Posted: 13 May 2020 04:43 PM PDT I found some really nice houses but my main issue is lack of fast internet (only dsl) and the closest Costco is about an hour away. There's a small town only minutes away which is better than nothing but in terms of seeking treatment for my health, it would be a bit of a drive. I don't mind the drive but, I worry of being isolated even though I'm pretty introverted and a bit of a home body [link] [comments]  |
| Financing options in these trying times? Posted: 13 May 2020 03:21 PM PDT My Father is looking to make another purchase in the coming months and is having trouble finding financing. He is an essential worker and has two SFR investment properties, which are bringing in a good income and a high 700 credit score but lenders are asking for 6 months reserves and docking 25% of the income to be able to qualify for another conventional loan. Does anyone have any suggestions on alternative financing options? I appreciate everyone's time and I'm looking forward to your responses and opinions! [link] [comments]  |
| As a new homeowner, what am I allowed to do with my backyard? Posted: 14 May 2020 02:38 AM PDT New homeowner here in the Bay Area. Legally, what am I allowed to construct/build/remove in my backyard without requiring permits or permissions?
I understand that I can google to get answers and I will. I wanted to start here to see if there's anyone who can help or at least point me in the right direction. Thanks! [link] [comments]  |
| Buyers who have waived a home inspection, tell us your story. Posted: 13 May 2020 12:37 PM PDT The consensus out there is that waiving a home inspection is one of the worst mistakes you can make, maybe in your entire life. If you or someone you know has done it, were there any unwanted surprises? Or was it exactly the move you needed to make to have your offer accepted for your dream home? [link] [comments]  |
| [PEI, Canada] Determining the true build date of a house Posted: 14 May 2020 02:08 AM PDT I posted on here a couple days ago asking how I could go about finding out when a house was built - I was surprised to find a 2015 Google maps image of a house claiming it was "Built in 2019". So I contacted the local officials where the registrar of deeds was, and received a reply saying that it cannot be shared because it is not public information. Side note: Why is harmless information like when a property was built confidential anyway? It's not like I'm asking for personal information of the previous owners. I'm still waiting for a follow-up from the officials there (as well as the real estate agent), but if I can't check the registrar of deeds to determine when a house was built, what options do I even have? [link] [comments]  |
| 3rd times the charm. Lessons learned so far. Posted: 13 May 2020 09:18 PM PDT First offer didn't even get a chance to put in. Second out bid and didn't even counter offer. This 3rd time we have more wiggle room and money to put down and my husbands first choice. Might actually happen. Learned some lessons along the way. Pictures lie. Good and bad, don't trust something you love, and more so something you hate. Take pictures of every house you think you like. You can't always delete them, you can't go back in time. Offers take more than just a verbal I want it, agents need a couple hours to make up and get to seller. If in a hot market plan early and also that mean expect them to want to wait till after the weekend to accept an offer so don't make them close to the weekend if you can help it. (They will use it to drive up other offers) Get email alerts for areas you like. It's a sellers market, be a Vigilant buyer. ...and may the odds be ever in your favor, you'll need it. [link] [comments]  |
| 7k Closing costs on a 40k house? Posted: 13 May 2020 02:27 PM PDT This includes the downpayment of $1,200. Meaning the closing cost is something like 15% of the house value. Is something really wonky here or...? [link] [comments]  |
| Question about potential foreclsoure Posted: 13 May 2020 05:22 PM PDT First time homebuyer here. Kind of specific situation that I need advice on. Saw a house that we loved and were in talks of making an offer. However, using propertyshark, we found out that the house is in foreclosure and has an auction date set within a month. This was not mentioned at all to us by either our broker or the seller's broker (they work for the same real estate agency). Without giving specifics, we were told that they don't want to go too much lower than the listing price and that they've refused offers that were marginally below the listing price. That seems hard for me to believe when the house will go to auction in a few weeks. The lien is A LOT LOWER than the listing price. Not too sure where to go from here in terms of making an offer. We are very interested in the house but find it extremely strange that the foreclosure was not mentioned at all by either broker, especially when there seems to be a time limit to sale. Is it even possible to close before auction if it is so soon? Would appreciate any insight. [link] [comments]  |
| Back-to-Back Refinancing? How soon is too soon or too many?! Posted: 13 May 2020 08:55 PM PDT If you have good credit and can continue working out refinancing offers for better interest rates where there is no out-out-pocket costs (or even a credit surplus!)... What prevents you from doing back-to-back refinance deals? I ask because a lot of us have recently locked in or closed on refinance offers, only to learn of even better rates being offered or forecasted afterwards. What are the drawbacks or limitations on this? Most disclosures that I've encountered do not include prepayment penalties or fees. I'm definitely not in the know on the details, but below are some of my thoughts: Hard inquiries will ding your credit. Age and number of accounts can ding or flag your credit. Can you get blacklisted? Is there a cooling off period after closing that's separate of prepayment penalties? I believe there's a typical one month lag in account setup and first payment. Any others beside your time and effort? [link] [comments]  |
| Posted: 13 May 2020 09:53 AM PDT Like the title says. Can the landlord require us to change and replace all of the light bulbs and the air conditioner filter? She basically texted us and told us to do that before moving out. Also, she hinted that we should pay for a professional cleaning service to clean her apartment, not just the carpets as mentioned in our lease. I just want to know if she can charge us for these things if we don't replace them. She never provided a filter and thus I feel like it's not our job to do that for her next Tennant. Tl;dr: Is the outgoing renter responsible for lights and filters? [link] [comments]  |
| Posted: 13 May 2020 08:38 PM PDT Hi everyone! How to pick a good area? Is there any wrong or right thing when choosing the area to invest? What are things that I need to look out for? I'm in LA market. If anyone here is familiar with LA market, what's your perspective on SFV? What about Lake Balboa specifically? Thanks! [link] [comments]  |
| Posted: 13 May 2020 11:35 PM PDT Hello, I'm set to do my final walkthrough the 16th for a house we are closing on the 21st. The house was a flip, and obviously had new grass put in during the work. We visited a few weeks ago to take make sure some request from our offer were being addressed, and noticed some Of the grass was dying but didn't say anything as it wasn't to bad. If it has only gotten worse, and I am wondering what are my options after the final walk through to have the seller address it? This is in Southern California and would prefer to put turf in if I could some how use this as an opportunity to get money for that. I also don't want to be unreasonable and have this cost us the house. Appreciate any advise. [link] [comments]  |
| Posted: 13 May 2020 11:27 PM PDT Hello all, My girlfriend and I just put in an offer for my first house today. We're very excited and appear to be up against one other bidder. This house has an older concrete pool/hot tub combo in the back yard. The pool is empty and filled with leaves/grime/puddles, but overall seems to be in decent shape. There is a strip of tiles along the top that will need to be replaced due to poor workmanship. I'm not entirely sure how to treat this. The pool would be an amazing bonus to what appears to be a great house, but I'm not entirely sure how to tell that everything is functioning the way that it should be. I would assume there's no way to test anything since the pool is empty. Granted some restoration work will be needed, it would be a shame to find out something is wrong with the pipes/etc. Does anybody have any recommendations for approaching this as we potentially get to the inspection point? Thanks! [link] [comments]  |
| Is it common to add the Landlord as additionally insured? Posted: 13 May 2020 05:19 PM PDT Our new landlord is asking that we add them as "additionally insured" (not additional interest) on our renter's insurance policy. We've never experienced this before in all of our years renting and are wondering if it's common or if it's cause for concern? Based on the call we just had with our renter's insurance, it sounds like our premium wouldn't change, but they were thrown off that that was a requirement in the lease and even recommended against it because the Landlord would be able to make changes to our policy as well as make claims on it. Edit: this is for a single unit in triplex for a residential lease, not commercial. [link] [comments]  |
| Covid Impact on WFH and Commute Times? Posted: 13 May 2020 03:21 PM PDT Curious to what's other home buyers are doing right now. I was a 8-5pm M-F cube drone but now fully remote, and my company has seen no real changes in productivity and stated they'd like to have people eventually do at least partial WFH. Obviously that would be ideal, as I wouldn't have to pay insane prices for a house closer to work and can instead get something a bit farther/newer/bigger. With that said, that's still a big gamble on my part if my company says no more WFH (I'm assuming there's a covid vaccine one day) Is anyone else in a similar scenario? Curious to hear your thoughts. Me personally - as of right now my base case is that once/if covid clears, then we will be back to the office full time, so I better pay up for the shorter commute [link] [comments]  |
| You are subscribed to email updates from HomeOwners & Investors. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment