Listing Courtesy of SANDCASTLE REALTY INC
When any investor first begins to mull over the idea of acquiring a rental property in Delaware, it’s usually in competition with an array of other investment types—each with its inherent plusses and minuses. Some of them are new ideas (new technology company stocks; new forms of commercial exchange)—but real estate is definitely not one of those. It may not be innovative, but being a landlord has always been one of the leading sources of passive income.
What is exciting about rental property is why it has always been recognized as a sound investment. When the income from a Delaware rental property is able to pay for its own underlying mortgage, it self-propels its growing equity. The rental property’s investment value grows as the loan is paid down month by month, year after year. Added to that is any appreciation in its market value.
And with the best Delaware rental property scenario, when rental income exceeds mortgage and other expenses, it will even throw off an extra income stream. Needless to say, choosing the right rental property in Delaware is worth the effort! Much of that effort involves making a serious effort to map out and project values, income and expense:
If you are thinking of looking at rental property in Delaware this year, they’re definitely out there. Call me today to discuss some of the many opportunities!
Just as the kitchen is a magnet for family activity, when a South Bethany home goes up for sale, it’s the one room guaranteed to get rapt attention at every showing. Older local homes can be at something of a disadvantage here, especially when structural design elements prohibit their being transformed into one of today’s popular airy open plan kitchens.
Perhaps you've already taken a paintbrush to your cabinets to give them a new look, or discovered the transformative power of inexpensive subway tile on a dingy backsplash. If your kitchen is still looking a bit uninspired, enhance it before the home showings start with a final inexpensive tweak or two.
Where empty wall space is present, you may be able to create additional storage space. Open shelving is a trendy look that’s both aesthetically pleasing and functional. A blank wall can be transformed by installing rustic wooden or sleek metal shelving units…but with one proviso: open shelving does double duty as display space—and that’s no place for mismatched or over-the-hill china and glassware!
A little of the right kind of handiwork can go a long way toward adding some 21st Century features to an aging Sussex County home. Where an outlet is handy, transform a cabinet shelf into a docking station for smartphones and tablets. A small wall-mounted flat screen monitor can bring TV (or web video) to liven up the area. Hooks mounted near a back door can be made available for hanging backpacks, grocery bags, keys, or leashes. A bottom kitchen drawer can be transformed into a rollout pet feeding station.
No matter what else, it’s a plus whenever a kitchen space can clearly function as a gathering place as well as the meal preparation hub. It may be as simple as placing stools on one side of an island, adding a pub table and chairs, or transforming a neglected corner into a coffee station (those Keurigs make it a snap!)—giving your South Bethany home yet another spot for a family to congregate.
The National Association of the Remodeling Industry reported that kitchens were the top remodeling project in last year. In fact, 82% of NARI members stated that kitchen remodels represent their primary work—and I think we can guess what the results for 2015 will be. It makes a good argument for putting in a little elbow grease and creativity to spruce up the kitchen before you put your South Bethany home up for sale. You can also give me a call: I’m pleased to do a no-obligation walk-through for my feedback on how your listing should fare in today’s market!