Blog Posts

05/29/2020

10 Very Common Rental Property Repairs

10 Very Common Rental  Property Repairs

As a Property Owner, one of your most significant responsibilities is to keep up the property and repair things when they break. Although this can be high-priced and stressful if you budget and successfully plan for maintenance, you will have funds saved to handle these issues. Repairs tend to scare new landlords, but most maintenance issues are typically simple to repair. Even though you will rarely foresee when these issues happen, you can predict that they certainly will.
1. Appliances Not Working Appliances have a lot of moving parts, and as such, tend to break down fairly often. Although the landlord can fix some issues, many problems will require a professional appliance repair representative. Unless a new appliance is needed, the typical cost to fix is between $50 and $100 per hour, and most repairs take about an hour. Used appliance stores exist in almost every town, and especially in the case of stoves, can be just as good as new.   more...

05/22/2020

6 Common Mistakes First-time Homebuyers Make

6 Common Mistakes First-time Homebuyers Make

Buying a home is one of the most significant financial decisions you’ll make in your life. Although, on occasion, it can be one of the largest sources of stress for many first-time buyers is the financing process. Unless you’ve planned thoroughly and dedicated time for research, receiving a mortgage can feel complicated and overwhelming. Luckily, you could learn from these common mistakes first-time homebuyers make to have a less stressful experience:
1. Not realizing the full cost of homeownership: Being a first-time homebuyer involves much more than the monthly cost of renting, which usually includes your rent payment, some of the utilities, your internet, and cable bills. As a homeowner, you’ll be responsible for the additional monthly costs that may have been covered by your landlord. That includes the following expenses: Water, sewer and garbage, monthly HOA fees, landscaping, property taxes, and homeowners insurance. All of that is in addition to maintenance costs, which you should set aside 1-3 percent of the purchase price of the home annually to cover repairs and maintenance.   more...

05/22/2020

4 Things You Can Do To Prepare Your Home For The Market After COVID-19

4 Things You Can Do To Prepare Your Home For The Market After COVID-19

While the spring market would usually be running at full power now, COVID-19 has put an impermanent stop to most real estate transactions. However, that does not imply that you cannot set aside the effort to prepare your home to be listed and available to be purchased once we flatten the curve. In light of that, here are four recommendations on things you can do to prepare your home to hit the market after stay-at-home orders have been relieved:
1. Address any minor repairs: Even the most meticulous homeowners typically have a list of home repairs that they mean to fix when they have time. Whatever fixes may be on your to-do list, it's imperative to deal with them before you list your home available for sale. While these fixes usually won't require a ton of effort on your part, they will go a long way towards improving the opinions of the overall condition of the home, which can lead to higher-priced offers.   more...

05/20/2020

Sellers Are Standing Firm on Their Asking Prices

Sellers Are Standing Firm on Their Asking Prices

Almost 75% of Realtors report that their sellers have not reduced their listing prices down to draw new buyers amid this pandemic, announced by the National Association of REALTORS. That indicates the amount of precaution home sellers consider to avoid feeling pressured to sell quickly during COVID-19.
"The housing market faced an inventory shortage before the pandemic. Given that there are even fewer new listings during the pandemic, the home sellers are taking a calm approach and appear unwilling to lower prices to attract buyers during the temporary disruptions to the economy" says NAR Chief Economist Lawrence Yun   more...

05/02/2020

7 Pieces of Bedroom Furniture That Take Up Too Much Space

7 Pieces of Bedroom Furniture That Take Up Too Much Space

Imagine, you get up in the middle of the night to use the restroom or grab a beverage, and you bump into your nightstand or stub a toe on your dresser. We've all been there: Just as you probably are aware of the design of your room, an abundance of furniture can obstruct the flow of your room, along with its aesthetic.
Large, ornate bed frames: Grand four-poster beds with canopies and frilly bed skirts are now a remnant of the past. People are looking to create space while implementing modern elements in their bedrooms. In most cases, bed skirts aren't necessarily a vital part of most bedroom layouts.   more...

04/30/2020

4 Red Flags That Identify Stimulus Check Scammers

4 Red Flags That Identify Stimulus Check Scammers

Americans have been receiving their $1,200 Government-issued economic impact payment, intended to support those affected during the coronavirus pandemic. However, that introduction of money is attracting scammers, hackers, and con artists.
In Q1 of 2020 alone, consumers have collectively lost more than $13.4 million to such tricks, with a median loss of $558 per individual. Almost 1 out of 5 fraud reports included unauthorized messages or calls, including impostors claiming to be a government administration worker. Banking and Finance Experts anticipate that ratio to rise as the government continues depositing stimulus money.   more...

04/24/2020

March Home Sales and Prices Affected by COVID-19

March Home Sales and Prices Affected by COVID-19

The California Association of Realtors recently reported that California home sales fell from both the previous month and year in March as the coronavirus pandemic began to affect the housing market, and as the state’s stay-at-home order was put in place.
Finalized escrow sales of existing, single-family homes in California totaled a seasonally balanced annualized pace of 373,070 units in March, as per data gathered by C.A.R. from in excess of 90 neighborhood REALTOR affiliations and MLSs statewide. It is changed in accordance with seasonal factors that generally impact home sales.   more...

04/24/2020

Richmond Council Rejects Suspending Rent and Mortgage payments

Richmond Council Rejects Suspending Rent and Mortgage payments

Richmond City Council on Tuesday dismissed an emergency request that would suspend all rent and mortgage payments in Richmond for the span of the COVID-19 shelter-in-place precautions. Alternatively, the city councilmembers cast a vote for protections like the Contra Costa County Board of Supervisors announced before Tuesday. The Board of Supervisors passed an emergency law applying to every one of the 19 cities and unincorporated regions, Supervisor John Gioia said in an update.
The law, as indicated by the Supervisor, restricts evictions for default for private and business occupants affected physically or economically by the COVID-19 pandemic; bans "no-fault" evictions "except to protect the health and safety of the owner or another tenant, or to allow the owner or their immediate family to move into the residential unit"; temporarily freezes rent increases, despite the fact that state law keeps the freeze from applying to single-family homes or living arrangements worked inside the most recent 15 years; gives residents affected by the pandemic a 120-day grace period to take care of rent, and cancels late charges for unpaid rent for affected occupants. These principles apply through May 31, except if reached out by the Board of Supervisors. Despite the County ordinance, which can be read in full here, a city can revise and include restrictions protecting renters if it chooses.   more...

04/24/2020

Is It Safe To House Hunt During the Coronavirus Pandemic?

Is It Safe To House Hunt During the Coronavirus Pandemic?

While risk is an individual choice, the real estate industry is adjusting to give access to home buying securely during the coronavirus pandemic. You would now be able to do numerous things at a safe social distance, or even remotely with regards to purchasing a home that you might not have considered doing previously.
Here are on the whole the courses face to face checkpoints to purchasing a home have changed to guard you during the coronavirus pandemic:   more...

04/09/2020

The Difference Between Cash vs. Mortgage When Buying a Home

The Difference Between Cash vs. Mortgage When Buying a Home

Cash vs. Mortgage Overview: There's a lot to consider when contemplating purchasing a home outright versus financing it. Here are some of the major differences between using cash or a mortgage to buy a home:
KEY TAKEAWAYS   more...

Due to the Shelter in Place order our office is closed to the general public. As an Essential Business we are still open.
To contact us please call 510.250.7918 or email us at team@adventpropertiesinc.com.