How to Determine the Best Neighborhoods to Invest In

When you contemplate purchasing a home or buying a property you may be wondering which areas or neighborhoods are the best to invest in. After all, as buyers, we're always seeking the best deals with the lowest risk and a great return. That's why we've advised these 3 quick tips to help you determine which areas provide the best return investment.


1. Seek out distressed or low-income areas. According to Forbes, location and condition are two key determining factors when deciding on a good home purchase, but buyers are often disillusioned by the state of the property which can be renovated over time. This will allow you to buy low and sell high.

2. Research areas with great school zones and school districts. The scores for all school zones are provided by www.greatschools.org. A score of at least 7 out of 10 will help you determine which schools are best for local residents which will be a major factor for potential buyers with families.

3. Invest near downtown or uptown areas. These areas are booming in cities across the country and provide greater access to shopping, entertainment, and transportation to more resources which will result in greater appreciation on your end.

Make sure you consider at least one of these factors when you’re purchasing a home or property. For more information, give us a call: (833)704-HOME or send us a message!

 

The Pros and Cons of Living in a Gated Community

Living in a gated community can offer a greater sense of security, privacy, and a better connection to your neighborhood than you could ever imagine. The idea of being buzzed into your new home and the perks of exclusivity can be tempting, and rightfully so, as long as you carefully consider the pros and cons of gated community life.

That’s why we’ve broken down the positives and negatives of gated community living for you below! Plus, we’re giving you the inside scoop on the top three gated communities in the greater Charlotte area. Check it out:

The Pros:

  1. Sense of Security: As a resident, you and your guests are the only persons authorized to enter through your community’s gates. This provides more awareness of solicitors on the property and helps to reduce the threat of crimes such as burglary and vandalism. Typically, gated communities are under surveillance of an attendant, security guard, security cameras, or require an access code to be granted entry.

  2. Safety and Privacy: Controlled access to your community means less traffic, fewer strangers, and a more peaceful environment that will be safer for children to play and pedestrians to unwind. You’ll be able to enjoy everyday activities such as: dog walking, jogging, yard sales, block parties, and more community events without aggravating traffic or reckless commuters.

  3. Community Perks: A greater sense of safety means less time worrying and more opportunities to enjoy the luxuries your community has to offer. These neighborhoods often include state-of-the-art facilities to help residents and their guests relax right at home. Some of these amenities may consist of tennis courts, golf courses, swimming pools, or other forms of sanctioned entertainment.

  4. Higher Property Values: Your home is your investment. Luckily, homes in these areas are typically well-managed and held up to strict codes by the HOA. These rules ensure the quality and design of your property, as well as the general upkeep of your neighborhood. This means tidier yards, well-kept  lawns, ponds, and smoother roads shared with neighbors who have a sense of pride about maintaining their homes and community.

The Cons:

  1. It’s Expensive: You pay for the lifestyle that you want. The exclusivity and security of a gated community means opting to pay for those security guards and gates that help keep you safe. Not to mention the HOA fees that must be paid to cover the cost of maintaining and improving community amenities, roads, and neighborhood parks.

  2. Can Seem Elitist: Depending on why you want to move to a gated community, sometimes these neighborhoods can seem a little off-putting by their exclusivity. Some people may view this choice of lifestyle as pompous, snobbish, or aristocratic.

  3. Stranger in your own Home: Living in a gated community can make some people uncomfortable if they feel like they’re always being monitored or dictated by neighborhood rules when they just want to be left alone in their own home unbothered. Other sources of frustration may come from always needing permission to enter your neighborhood through a guardhouse or irritating guests who want to visit but don’t want to be hounded by security especially during busy seasons or occasions (holidays, graduations, birthdays).

Photo: Buzz Buzz Home | Park South Station

Photo: Buzz Buzz Home | Park South Station

Once you’ve taken into account some of these pros and cons, you may be able to determine whether a gated community is the right choice for your family. Always do your research and if you’re considering moving to a neighborhood in Charlotte, consider these top three gated communities that won’t break the bank!

→Park South Station: Located on the south side of Charlotte, this area is convenient to the SouthPark shopping and dining area. There are plenty of amenities to help you wind down from the city life including: golf parks, fitness areas, pools, a clubhouse, and easy access to walking trails. This community provides homes for various lifestyles including single family homes, town homes, and condominiums at the average price of $370,000.

→The Pavilion in Huntersville: This small community features 24 custom-built homes sitting on an impressive 74 acres of land. The Pavilion is known as a green development due to the plethora of surrounding nature and natural habitats with an average home price of $397,000.

→Heatherloch: Established in the 1970s, this community is located in Gaston County and is just as pristine now as it was back then. This community is centered around a large, beautiful lake with multiple acre lots at the average price of only $267,000!

For more information, contact us today! Call (833)704-HOME to get started with our qualified agent, Qulia Bryant for perfect results that will move you.


Source(s):
https://allprodoor.com/residential/gated-community-pros-cons/

https://www.allpropertymanagement.com/blog/post/pros-cons-living-gated-community/

https://www.investopedia.com/terms/h/homeowners-association-fee-hoa.asp

https://www.privatecommunities.com/blog/top-5-reasons-to-live-in-a-gated-community.htm

https://www.thetruthaboutrealty.com/pros-and-cons-of-gated-communities/

https://toughnickel.com/real-estate/Advantages-of-Living-in-a-Gated-Community

 

What To Expect During A Home Showing

Are you nervous about the process of selling your home? Does the prospect of random buyers visiting your property frighten you? If so, we’re giving you the inside scoop on what actually happens during a home showing and how you can properly prepare.

We can all agree that selling your home can be a bittersweet and emotional process. After all, your home is an extension of who you are, so it can be difficult to trust the care of your home to someone else.

The good news is that when you list your home with a professional realtor, your home will most likely be shown to other realtors. These realtors will then show your property to potential buyers who are pre-approved, qualified, and serious about buying your home! Therefore, during a home showing, your home will always be under the attentive care and charge of a responsible and licensed professional.

You may also come across other types of home showings, including:

A broker tour which is information about properties that are only available for other agents and brokers to view, shared exclusively through the MLS. This is a great way to get your listing viewed by professionals.

Open houses allow large groups of potential buyers to visit your home without an appointment being necessary. This is a great way to orchestrate numerous showings in a shorter amount of time and can create a stronger interest among buyers who are actually seeing their competition.

A buyer’s home inspection provides a detailed professional examination on the state of your property. This will inform the buyer on the safety and security of the property in case there are any repairs that need to be done. As a seller, it’s in your best interest to make sure that there aren’t any major defects on your property.

A buyer’s appraisal is imperative for the lender to protect their investment when determining the mortgage for the buyer. As a refresher, an appraisal is a professional estimate on the value of your property. This value is determined by the comparable sales of similar properties in your area. If the home is appraised at or more than your sales price, then it is more than likely that the lender will provide the appropriate loan amount to the buyer. But if your property receives a low appraisal, then the buyer can negotiate for a reduced sales price.

The good news is that you don’t have to be present for a home showing but you can prepare by setting an inviting atmosphere that will leave a lasting impression on a potential buyer. Create the perfect mood by opening the blinds to let in natural light, providing snacks for families, playing soft music in the background, and having a fresh clean environment.

For more information, reach out to us today by calling (833)704-HOME to be matched with our experienced agent, Qulia Bryant. We’ll work tirelessly to make the selling process as smooth and easy as possible!

Source(s):

https://www.thebalance.com/appraisal-process-when-buying-a-home-2395235

https://www.thebalance.com/how-to-deal-with-a-low-appraisal-1798414

https://www.honesthomeinspections.com/buyer-inspection

https://www.maxrealestateexposure.com/home-inspections-buyers-sellers/

https://www.realtor.com/advice/sell/what-is-an-open-house

http://www.trendmls.com/Guest/News/ShowDoc.aspx?id=9081