Real Estate Advice

There are currently 52 blog entries related to this category.

Important Tax Saving Tips for Home owners

The tax filing deadline is quickly approaching. If you own a home, here are some important residential tax saving incentives you should not miss:

Residential Energy Tax Credits

  • Residential Energy Efficient Property Credit - Taxpayers may take credit up to 30% of qualified solar, wind, geothermal and fuel cell property improvements. This includes labor costs to assemble, build, and connect the equipment. The credit is capped at $500 per one-half kilowatt of capacity purchased.
     
  • Non-Business Energy Property Credit - Taxpayers may take credit for 10% of the qualifying costs to improve energy-efficiency for non-business property. Qualified improvements include adding insulation, energy-efficient windows/doors, or energy-efficient heaters and
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JB Goodwin REALTOR® Diane Strauch is a retired educator who has made a career out of helping people. A native San Antonion, Diane has a lifetime to offer about the San Antonio real estate market. In this blog post, Diane explores the value of hiring a REALTOR® when buying a new construction home.

I am often asked if a REALTOR® is needed when purchasing a new construction home and my answer is, "Yes, yes, YES!" Many people assume that because new construction homes are typically wrinkle free, and that the home prices are often fixed, that there's nothing to be gained from hiring a real estate agent to represent you as the buyer—but that couldn't be further from the truth.

Here are eight reasons why you should always hire a REALTOR®, even when

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Best Home Renovation for Resale Value in Austin

If you've ever thought about selling your home at all—whether you're trying to sell now or further down the road—renovating to add value to the home has probably crossed your mind. Cost-effective home renovations are a common practice for anyone in the seller's market, but what are the best home renovations for resale value?

It's important to weigh cost vs. value when it comes to home renovations and it's also important to research your own real estate market. For example, the renovation projects that result in the biggest return on your investment in the Austin real estate market aren't necessarily the same as other American cities. We're not just referring to the resale value of adding pools to Austin homes for sale vs. homes in a city in the

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Is now the right time to be flipping homes in Austin?

If you've been paying attention to the real estate market recently it shouldn't surprise you that home flipping is back. With home prices on the rise in a large number of markets, including Austin real estate, stats are showing that just about every Tom, Dick, and Harry have been taking a stab at making some extra money by flipping homes.

According to the Wall Street Journal, the first nine months of 2016 had the highest number of investors flipping a home since 2007. The Journal also says these investors are making an average profit of around $61,000 per flip throughout the country, but of course that doesn't necessarily mean every market in the U.S. is ideal for real estate flipping at the moment.

Can I Be Successful Flipping Houses in

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Take a look at Austin leasing and rental statistics for the month of January 2017 below. Highlights include:

  • 40% increase in total lease properties between January 2016 and 2017
  • Demand for rentals is up 4%
  • 34% increase in single-family homes available for rent
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Texas Home Sasles Skyrocketed in 2016
It looks as though the Texas real estate market— and in particular, the Austin real estate market—is going to once again break records in all facets in 2016. The latest reports from the Texas Association of REALTORS® and the Austin Board of REALTORS® show records in both home sales and prices, which could be good news, but it may also cause questions about the future of the market for potential buyers and sellers.

A staggering 247,931 homes were sold across the state in the first three quarters of 2016, with the median home price currently at $214,000 (a seven percent increase from this time last year). These statistics increase when it comes to Austin homes for sale. The median home price in the Austin-Round Rock area is at $279,900 (a 7.7 percent

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austin investment propertiesThe Austin Business Journal recently published an article about the population of Austin that found numbers are projected to almost double in the next 25 years. However, these kinds of market and population predictions aren't definitive. Some very smart people have crunched their numbers and analyzed the trends, but there are a multitude of factors that can't be foreseen. Predicting population growth isn't an exact science, but it does give us an idea of where trends are heading. Even if the populous doesn't double, do expect to see growth of some kind.

What does this mean for Austin real estate prices though?

The Effect On The Housing Market

Intuitively, we might think an increasing population will lead real estate rates to rise. More people

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Every year, thousands of University of Texas students scramble to find their dream student apartment. While many students choose to live on campus, many others prefer their own space. We've made a helpful list of can't-miss advice that will help you while searching for student apartments near UT.

1. Set a monthly rent budget and stick to it

Right off the bat, it's important to determine how much you're able and willing to spend on rent. As a general rule of thumb, it's recommended that no more than a third of your monthly living allowance be spent on rent and utilities. Keep this budget in mind when apartment searching, and try not to be tempted to spend more just because you've found a beautiful apartment.

Make sure to take additional

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The Austin real estate market has never been hotter. The latest report from the Austin Board of REALTORS® indicates that Austin home sales in May rose 13.2% from the same time last year. The City of Austin housing inventory currently sits at 1.9 months. Consider that a balanced market is approximately 6.5 months, and you quickly see that you have a tight market.

This is great news for sellers, who will be able to sell their homes in record time, but what does this mean for buyers? Although the Austin real estate market is highly competitive, this doesn't mean you should be scared away from buying. If you do your research, have your finances in order, and you're prepared to act flexibly and quickly, you can still land the home of your dreams.

Here

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