Tag: tips

Selling Your Home In The Best Season

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With the market giving sellers a strong advantage, the best season is here! When you are in the process of selling your home, you may have questions regarding how you can get it done fast and effectively. Chang Legal is here to tell you how you can sell your piece of real estate for the most it is worth in a quick manner.

Undergo remodeling:

To increase the value of your home, it is essential to do some quick remodeling. This includes adding decor, refurbishing appliances, and refinishing floors. The goal of this is to invest money into remodeling so you earn more for the additions at the end of the closing.

Price your home correctly:

Most home sellers decide to price their home high and eventually go down in price as time goes on. However, this is not effective if you are trying to sell your home before the prime season is over. It is important to price your home correctly from the start, this will result in an increase of potential buyers.  In addition, the market is for sellers currently, making it the best time to price your home higher.

Eliminate clutter:

When it is time for open house sessions, you want your house to look its best. Every square foot of the home counts so it is essential to get rid of all clutter. You want potential buyers to see how spacious your home is, rather than seeing how cramped it is.

Ensure your listing is known:

In order to speed up the process of selling your home, it is crucial to advertise your open house listings. From appearing on the major outlets for home listings to advertising on social media, the first 30 days your home is on the market is the most important.

For more information or any questions regarding how you can quickly sell your home, contact Chang Legal today.

The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.  The transmission of the Website, in part or in whole, and/or any communication with us via Internet e-mail through this site does not constitute or create an attorney-client relationship between us and any recipients.

How You Can Build Up To Receive Home Equity Loans

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Home equity loans are beneficial, since they allow you to use your home’s equity for several different purposes, but you have to be careful what reasons you use the loan for. Every individual has different financial circumstances, but there are some main do’s and don’ts when it comes to home equity.

Improve your home– Making improvements to your home is a safe way of using home equity loans. Using the funds to modify your living space will increase the overall value of your home. Completing a one-time project in your home is another safe way to utilize home equity funds.

Consolidate debt– Minimizing balances, like high-interest credit card debt is another way to put good use to your home equity loan. Lowering the percentage of interest you have to pay with the home equity funds can end up saving you thousands of dollars. Be sure to make financial changes, so you do not end up in more debt than you were before.

Do not splurge on luxury items– Using your home equity funds for vacations and expensive material items is not beneficial in the long run. Home equity loans should not be seen as extra spending money, but rather as an investment. Irresponsible spending with home equity funds can lead to you losing your home.

Do not use home equity funds for basic expenses– Your basic bills like, grocery, utility, and clothing expenses should be covered by your household budget. Changes in your financial life need to be made if you cannot afford to pay for these regular expenses.

For more information on home equity loans and financial guidance, contact Chang Legal today.

The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.  The transmission of the Website, in part or in whole, and/or any communication with us via Internet e-mail through this site does not constitute or create an attorney-client relationship between us and any recipients.

Tips To Save Money When Purchasing A Home

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Purchasing a home is a very exciting experience, but will be your biggest investment during your lifetime. There are many responsibilities that come with owning a home, from mortgage to utility bills, it can get expensive overtime. However, Chang Legal wants you to save your money by following these shortcut tips:

Don’t ignore essential maintenance issues: It is essential to not dismiss any maintenance problems that may occur. Whether your roof is leaking or your pipes burst, there is no landlord for you to call. It is crucial to get these maintenance problems solved immediately to prevent further damage to your home.

Don’t overspend furniture/remodeling: You have just spent a major section of your life savings on your home, you do not want to overdo the spending on furniture. In addition, you do not want to make any rash decisions with remodeling the home you just purchased.

Repair Vs. Improvement: The difference between repair and improvement in regards to the IRS is that a repair will not grant you more money if you decide to repair a broken utility. In contrast, if you make an addition, better known as an improvement to the property, you will receive more money if you put the home on the real estate market. For instance, if you purchase a home with a broken washer and a leaky roof, you will not receive anymore money for repairing these infractions. However, if you add air conditioning to the home, the value will increase by the IRS.

Insurance: As a new homeowner, you want to guarantee that you are properly insured. This means you want to ensure you have enough coverage to cover your whole property if a tragedy occurs such as a fire or natural disaster. In addition, if you have others relying on you to provide for them, such as a child, then you want to have life insurance and make sure they are listed as a beneficiary. This will prevent the possibility of the IRS taking the property away from them if you pass unexpectedly.

It is essential to get in contact with a real estate attorney, such as us at Chang Legal, to learn more about the laws surrounding being a homeowner. With over 15 years of practicing real estate, we are here to guide you through being a new homeowner.

For further information on how to save money as a new homeowner or to learn more about how we can support you, contact Chang Legal today.

The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.  The transmission of the Website, in part or in whole, and/or any communication with us via Internet e-mail through this site does not constitute or create an attorney-client relationship between us and any recipients.

Tips For Investing In A Commercial Real Estate Property

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When you ask a real estate attorney about the benefits of a commercial real estate property in comparison to a residential real estate property, you will more than likely hear a long speech with lots of positives. It turns out that investing in a commercial real estate property is more beneficial than investing in a residential real estate property. With your particular situation, if you are trying to rent out a commercial real estate space for profit, here are the benefits you will receive when you compare it to residential:

– Increase in cash flow
– Beneficial economies of scale
– Open playing field
– Abundant market for affordable property managers
– Bigger payoff

When you are considering to invest in a commercial real estate property, here are some essential tips to keep in mind:

Prepare Ahead of Time

When you are shopping around for a commercial real estate deal, you want to prepare yourself for the amount of money you are going to have to spend. Setting specific parameters connected to your particular situation is a great start, as well as, utilizing tools like mortgage calculators to determine how much you are going to have to spend throughout the life of the mortgage.

Take Preference Into Account

It is important that you do not pick a property solely based on the affordable pricing. If you are looking to rent out the commercial space, you should take the size and location of the building into account. Renters are looking for a commercial space that has enough space and a conventional area.

The Bottom Line

Ultimately, you want to ensure the commercial real estate property fits your specific needs at an affordable price. If you are having trouble on deciding what is a good commercial real estate deal, then talk to our professionals who have been practicing real estate law for over 15 years.

For more information or any questions regarding the tips for investing in a commercial real estate property, contact Chang Legal today.

The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.  The transmission of the Website, in part or in whole, and/or any communication with us via Internet e-mail through this site does not constitute or create an attorney-client relationship between us and any recipients.