Homebuyers and Renters Looking for Sustainability and Environmentally Friendly Features

With Earth Day on April 22, it is a great time to think about how your real estate investment business is going green – both the rehabbing side and business aspect.

Regarding rehabbing properties, according to a recent Chicago Agent Magazine’s article, 9 stats that show homebuyers want green technology, “71 percent of homebuyers say energy efficiency promotion in listings was very or somewhat valuable” and “56 percent of Realtors surveyed said clients are at least somewhat interested in sustainability.”

Some of these real estate green features include solar panels, dual pane windows, energy star appliances, high efficiency water heaters, low flow toilets, showerheads, and faucets. What sustainability and environmentally friendly features have you added to your buy/hold or fix/flip properties? Do you see more homebuyers and renters looking for these features? Are these features adding value to your properties?

Are you changing any of your business aspects of your investing to help the Earth too?

Click here to read our previous blog post regarding going green here, http://recasafinancial.com/rehab-is-going-green/

Prepare for Taxes by Reading these Articles

It’s tax season!  Have you completed your 2016 taxes?  Do you use a tax professional, or complete them yourself?  Whether you only own your personal real estate property or have investment properties, real estate can be an important part of your tax returns.

10 Surprising Ways Real Estate Cuts Your Taxes, from Wise Bread, a bloggers forum that covers topics such as credit cards, personal financing, frugal living, life hacks, and much more, is a great read when preparing for taxes.  As mentioned in this article, mortgage interest, real estate taxes, and mortgage insurance premiums are a few items that can be eligible for tax deduction.

If you haven’t already, we suggest going back to our previous blog posts over the years regarding taxes and reread them as well.

https://getrealestatefacts.wordpress.com/2016/03/21/preparing-for-taxes-as-a-rehab-investor/

https://getrealestatefacts.wordpress.com/2015/03/12/tax-deductions-for-real-estate-investors/

https://getrealestatefacts.wordpress.com/2013/02/12/tax-tips-for-real-estate-investors/

Rentberry Helpful for Investors?

Like we mentioned in our recent blog posts, How Will Interest Rates Affect Real Estate Investors in 2017 and  Mortgage Rates and Applications Rise, mortgage rates are rising which may cause more people to rent.  With the demand, should landlords use every means available to market their rental properties?  If so, what are these platforms?  We know that there are Zillow and Realtor, but what about ones specific for renting?

After doing some research we came across Rentberry.  A startup that began in early 2016.   According to Rentberry.com, “Rentberry is a transparent home rental service and a price negotiation platform uniting tenants and landlords.  It automates all the standard rental tasks from submitting your personal information, credit reports and custom offers, to e-signing rental agreements and online rental payments.”  It also has a custom feature that allows potential renters to make bids on apartments.

Some investors have their own idea of a perfect website and/or app for their real estate investment business.  Do you think Rentberry would be helpful?  What other channels do you find helpful for your real estate investing?

Mortgage Rates and Applications Rise

To continue off last month’s post, How Will Interest Rates Affect Real Estate Investors in 2017?, mortgage rates are continuing to rise.  According to Bankrate.com, as of Thursday, the average 30-year fixed-mortgage went up 9 points over the last week to 4.08%, and the 15-year fixed-mortgage went up 5 points to 3.21%.  According to CNBC, even with the continuous rise in mortgage rates, people are still interested in buying homes.  The number of mortgage applications has rose 4% from last week.  Are you noticing any trends or changes in your area?  If so, what are you seeing and how is it affecting the way you handle your rehab investment business?

How Will Interest Rates Affect Real Estate Investors in 2017?

Currently mortgage rates are at the highest they have been in two years, according to CNBC.  The federal interest rates are expected to increase in the future. This rise is due to the expectation of economy growth.

Home buyers will be paying a higher rate on a purchase, so they won’t have as much to complete repairs upon purchase.  Does this make a completely renovated property marketed for sale by an investor more attractive to home buyers in the coming year?

With the rise in housing costs, rentals could be fought over.  Property managers could benefit from higher occupancy rates and rent payments.  Some also believe that within the next year, real estate loans with little down payment could become more readily available, which will help millennials.  What do you think will happen for real estate investors in 2017? What is your game plan for 2017?

CNBC published a great article regarding this topic. Read the full post here…       http://www.cnbc.com/2016/12/13/how-rising-rates-may-not-matter-for-housing.html