How to Save Your Clients Money

Shopping, Svae Money, Alec ShklayrAs the real estate industry evolves along with the rest of the changing world, more opportunities to cut costs, save your client money, and better your reputation emerge. It is important to reflect on these advancements and communicate them to your client so they are saving the most money they can. Sometimes, these opportunities to save money have been around for decades and are not the result of some recent development—they just slip by unnoticed.

Whatever the case, here are a few tried and true tips to save your clients the money they will appreciate:

Don’t call professionals for minor repairs.

So often, homeowners will ring a maintenance professional for clearly minor issues like a leak toilet, for instance. In reality, a leaking toilet is an incredibly easy repair and can often be fixed just by watching a YouTube tutorial and following instructions accordingly. Direct your clients to the proper instructional video or free online resource to save them from needlessly calling a professional.

Ditch extended warranties.

Although extended warranties may seem like they’re worth it at the time, the truth is they are unnecessary for those with the highest price tags. High-grade appliances like your refrigerator and oven generally will not need any major repairs before they need to be replaced completely, so it doesn’t make sense to pay extra for an extended warranty. In fact, your clients would be significantly better off stashing the extra cash in a savings account of some sort.

Forgo storage if possible.

Considering the average cost of a storage unit today is anywhere from $50-$300 a month, is it really necessary? For the most part, your clients can just trash or sell unused items, and store the things that truly matter in their home. Additionally, your clients can reorganize their home storage or maybe even institute some slight renovations like building out window seats with drawers to gain more space.

Just by following these very simple tips, your clients and other homeowners alike can save $1k+ every year. By giving sound financial advice and remaining available to speak with prospective homebuyers, you will develop a prestigious reputation for financial nuance, and your clients/customers will pay you in kind for it.

7 More Highly Rated Real Estate Investment E-books for Kindle

When looking to learn more about real estate, it can be difficult to discern the good information from the bad. That’s why it’s so important to read the right books and to learn the right information. Fortunately, there’s this list of highly rated e-books for the Kindle that can help even the layman homebuyer become a real estate expert. Check it out!

Home Appreciation (Accele)Rates

Alec Shklyar, Growth, Real EstateJust as inequality is present in social and cultural sects of society, so too is it present in real estate. In fact, where you live can have an enormous effect on your future net worth. Right now, the United States’ most expensive residential markets are appreciating at faster rates than their less expensive counterparts. How fast? Two times.

Whereas in 1986, the average price in America’s most expensive market hovered around $127,058, it is now at $493,504. Comparatively, the average price of a home in the least expensive market was $52,022 in 1986. Now it’s $117,827. That means homes in the more expensive bracket increased at an incredible 320% faster than the less expensive markets.

That, in turn, indicates that buyers who were able to purchase more expensive homes previously have seen a much, much larger return on their investment, which further means that their descendants will have access to considerably more wealth than others. Thus, inequality is further bolstered in full force.

Additionally, this discrepancy is not likely to change anytime in the near future. If anything happens at all, it is bound to take generations. The influencing factors are simply so broad, so expansive, that to enact any real lasting change will be an immense project. The rising costs are primarily due to income growth and housing supply.

In more expensive markets, buyers have more money and more income. This means they can afford to buy more expensive homes. This ability then translates to higher competition and thus faster growth and appreciation.

Just as well, less expensive markets generally have more building activity, which means more supply, which means less expensive homes. So demand does not increase to the extent it would, say, in San Francisco, because more homes are being built, so there are more homes to choose from, and by extension less reason to push up prices.

If you’re looking to maximize home appreciation rates, these are the cities with the largest return since 1986:

San Francisco, California

San Jose, California

Honolulu, Hawaii

Seattle, Washington

Portland, Oregon

Oakland, California

Orange County, California

Los Angeles, California

San Diego, California

Miami, Florida

Top Four Housing Markets in America

Dallas, Texas

Coming in at number one is Dallas, Texas. The average home prices for Dallas continues to be on the rise as they are up 8% from the previous year. Recently the job market has been strong, allowing many people to migrate to the fourth most populated metropolitan city in the United States. Due to the high volume of jobs, it seems houses are not being built fast enough to keep up with the high demand. According to the Dallas news, two houses are erected for each new job created. This just goes to show you how hot the real estate market is is Dallas right now.

Miami, Florida

Miami had made a significant improvement in the housing market after a housing crisis. Many investors in the area could see as much as an 18.57% return in their properties. Miami’s housing market is one of the fastest growing in the nation, as rent prices have continued to increase each year. Over the last year, one and two bedroom apartment prices have risen 10.6% and 10.9%, respectively.

Atlanta, Georgia

Atlanta is on the rise in the housing market. Many investors have been pleased with the turnaround Atlanta has had since the housing crisis with the majority seeing a 16.45% return on their investments. Additionally, downtown Atlanta has served as an attractive focal point, drawing many civilians to come and enjoy the beautiful city. With an awesome amount of shops, restaurants and bars to choose from, Atlanta has truly become a great place to establish residency.

Houston, Texas

Yet another city in Texas claiming one of the top spots. Over the past few years, Houston has seen major growth in the real estate market as the rise in Houston’s population continues to be a major factor. Condominiums here are also on the up as prices have rose 13.6 % over the last year alone. However, according to Zillow, the “Space City” is one of the best place to get a discount on property, so if you are looking to buy, this might be the best time to do so.