close

July 24, 2017

Home

Protecting Investment Properties

Real estate can be a risky investment, but the risk is often worth the reward. Many finance professionals recommend real estate investments because of the potential for growth over time. However, real estate investments do require some maintenance. Here are some tips to help you protect your investment.

Select Tenants Carefully

If you are renting your property, then you will need to choose your tenants carefully. Be sure that each tenant provides references and rental history information. Contact each reference and prior landlord to become aware of any potential problems. If your potential tenant has experienced an eviction, then you want to gain as much information as possible. Vetting your tenants can prevent you from experiencing difficulty when it is time to collect rent.

You may also want to require a security deposit. If your tenant pays a deposit, then this can help you enforce policies that are in the lease. If the tenant does not follow the policies that are stated in the lease, then the tenant will have to forfeit the deposit. Be sure that you explain all of this in the rent agreement. This deposit can also provide you with funds to repair any damages that your property incurs.

Use Professional Services

You may be tempted to fix some home repair tasks yourself. However, you should consider hiring professionals for some items. Professional plumbers, for example, may be able to offer a warranty for their services. You should also maintain a list of other service providers who can provide routine services, such as a pest control company in Maryland. It is important for you to take care of these tasks. Your tenants will be happy and your property value will grow consistently.

Update Routinely

When a tenant moves out of your home, be sure to clean the property thoroughly before the next tenant moves in. This time will also be a great chance to provide fresh updates to the property. You can paint areas of the home that are in need of a fresh look. You can also upgrade landscaping or take care of other updates.

While the stock market is a passive investment, real estate investments often require more time from investors. However, real estate can bring profitable gains in equity and wealth that surpass many other investment opportunities.

read more
Decorating

Tips To Brighten Up Your Living Room

In most homes, the majority of time spent socializing, relaxing, and hanging out is in the living room. This is especially true if you entertain guests there, or if your television or computer are located in this main room. Whether your living room is naturally dark, or you simply want to improve on the lighting you already have, you don’t have to put up with a dreary, shadowy living room. Nor do you have to spend a fortune just to make the improvements that you’re looking for. Instead, try a few of this simple tricks to brighten up your living room today.

Add Blinds or Sheer Curtains to Your Windows

Underneath your heavy curtains, let in a little light with the right decor. By adding a layer of sheer curtains underneath, you can open them up in the daytime to let in more light without giving up your privacy. Similarly, horizontal or vertical blinds can be adjusted to let in more natural light without letting your neighbors see inside your home.

Use Additional Lighting

Of course, the easiest way to add more light to your living room is to simply add more light fixtures. You don’t need to hire an electrician or make costly repairs, though. Instead, simply add items like decorative floor lamps from a fashionable source like Lamps and More Online. This way you can add light in any corner of the room, and you can use the outlets that are already installed. Plus, your new lights can be chosen to match your decor exactly.

Pick a New Color Scheme

If your walls are covered in wood paneling, busy wallpaper, or dark colors, it’s time to refresh your color scheme. To brighten up your living room, choose colors that are both light and cheerful. Pale blues will make your space seem calmer, while bright colors like yellow will add optimism and cheerfulness. If you don’t want to change the walls, add brightly colored accessories like throw pillows, rugs, and bright wall accents.

Add Mirrors to Your Walls

This is an old trick, but a good one. To make your living room seem both larger and brighter, hang up a big mirror. This mirror will reflect the light that is already in the room, making it lighter. It also adds the illusion of depth, and mirrors really never go out of style.

read more