Lorraine Herbert's Blog
To resurface or replace? That's the question. Consider replacing if:
Otherwise, you may want to refinish what you have to make your cabinets.
How to Replace Cabinets
Replacing cabinets rarely involves building them yourself. Most kitchen remodeling professionals don't even do that. You can purchase pre-made cabinets. They'll fit in most kitchen. But don't forget to measure.
Start by evaluating how the cabinets are attached. Most cabinets simply unscrew from the wall for clean removal. You can now hang new ones in their place. But remember, if you need to stain or finish, always do that and let them dry before hanging. It will just be easier when they're on the floor or a work table.
If it's just the hardware you don't like, consider replacing it instead of the whole cabinet. That's generally a small job that just needs a screwdriver and new handles.
How to Give Cabinets a New Look
A coat of paint or stain can work wonders. But know that refinishing actually takes a lot longer than hanging new. Plan for three to eight weekends of work and a semi-functional kitchen during that time. The more cabinets, the longer it will take. Let's get started
*Pro tip* Some woods soak up oils like a sponge, so you might need multiple coats to achieve the desired look. That's one reason the job takes multiple weekends since each layer must dry.
51 Mcgilpin Rd, Sturbridge, MA 01566
A real estate investment trust (REIT) can be an attractive way to invest in real estate. It allows anyone to invest in real estate assets arranged in a portfolio. Currently, about 87 million Americans invest in these types of stocks.
What is a REIT?
A REIT is a company that operates, finances and/or owns real estate that produces income. It provides its investors with the opportunity to own real estate so they can access an income that is dividend based. Investors in REITs also have a hand in enhancing communities by helping them grow and thrive.
How a REIT Works
In addition to the fact that REITs are much like any other type of stock, they also tend to follow a methodical business model. The company leases space while collecting rent on the real estate it owns. The income generated by these actions is paid to shareholders.
In order to meet the qualifications for being a REIT, the company is required to pay out at least 90 percent of its taxable income to its shareholders. In many cases, REITs pay out a full 100 percent. Shareholders are required to pay income tax on their dividends.
In contrast, mREITs (mortgage real estate investment trusts) don't own any real estate directly. They earn an income on the interest the is generated when they finance investments.
Properties REITs Invest In
The types of real estate properties that a REIT can invest in spans a range of options. These are categorized into 13 different sectors and include residential, retail, healthcare, timberland and more. While most REITs invest in a single sector, there are those that hold more than one type of property.
Types of REITs
There are four general types of REITs. The most common are equity REITs. These operate and/or own real estate that generates income. mREITs focus on providing financing for real estate by originating or purchasing mortgage-related products.
Public non-listed REITs are registered with the SEC, but don't trade on the stock exchanges like the two previous types of REITs mentioned. Private REITs also do not trade on the stock exchanges. In addition, they are exempt from having to register with the SEC.
Getting Started Investing in REITs
Investing in REITs is as easy as purchasing shares of a company that's listed on a stock exchange. Other options for investing in a REIT include buying shares in an exchange-traded fund or a mutual fund that focuses on REITs. Investors also have the option to invest in private REITs and REITs that are public but not listed on the stock exchanges.
While REITs have historically outperformed a number of United States benchmarks, it's important to speak with an investment advisor or financial planner who can provide guidance and targeted information specific to your location and goals.
2D First Street, Brimfield, MA 01010
A home selling checklist is a must-have, regardless of whether you intend to list a single-family residence or a mansion. If you craft a home selling checklist today, you can prepare for the property selling journey. And as a result, you could boost the likelihood of enjoying a fast, profitable home selling experience.
Now, let's take a look at three factors to consider as you create a home selling checklist.
1. Your Home Selling Timeline
Think about how quickly you need to sell your house. Once you have a home selling timeline in place, you then can determine the steps you will need to take to achieve the best possible results.
Strive to maximize the time and resources at your disposal throughout the home selling journey. If you understand how much time is available, you can establish priorities and map out your time accordingly. As such, you may be better equipped than ever before to sell your home without delay.
2. Your Home's Condition
Ultimately, your home's condition will play a major role in your home selling experience. If you focus on upgrading your house's interior and exterior, you could make your residence an attractive option for buyers.
To improve your house's exterior, you should mow the lawn and perform other lawn care tasks. Complete these tasks regularly to ensure your house will dazzle buyers any time they walk or drive by it.
In addition, remove clutter from inside your house. This will allow you to showcase the full size of your residence to buyers. It will also make it simple for buyers to envision what life may be like if they purchase your home.
3. Your Initial Home Asking Price
How you price your residence may have far-flung effects on your house selling experience. If the initial asking price of your home is too high based on its condition and the current state of the real estate market, your residence may linger on the housing market for many weeks or months.
To price your house competitively, it may be beneficial to conduct a home appraisal. This allows you to receive a home valuation that you can use to determine the optimal initial asking price for your house.
Furthermore, take a look at the available houses in your city or town that are comparable to your residence. With this housing market data in hand, you can see how your residence stacks up against the competition and price it appropriately.
For those who need assistance as they put together a house selling checklist, think about hiring a real estate agent, too. This housing market professional can teach you everything you need to know about selling a home. Best of all, a real estate agent can offer insights to help you make informed home selling decisions.
Ready to list your house? Create a home selling checklist, and you can move closer to achieving your house selling goals.