Your REALTOR:
Bonnie Fagoh
March 2002
Buyin' or Sellin'....Call Bonnie Helen! (Fagoh)(813) 390-7606
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Tips for Reducing Your Homeowners Insurance Costs With the cost of insuring homes on the rise in recent years, now is a good time to examine your policy and look for ways to save money. The price tag of insuring homes across the United States rose 6 percent in 2001; a similar increase is expected this year, according to the Insurance Information Institute (III), a non-profit organization supported by the property and casualty insurance business. III attributes the increases to the mounting number of catastrophes, the high cost of home repairs, and the emergence of mold claims.
Mortgage RatesU.S. averages as of February 28, 2002:
30 yr. fixed: 6.80%15 yr. fixed: 6.28%1 yr. adj: 4.94%30 yr. jumbo: 6.98%-->
Get today's rates
In addition to major catastrophes like Hurricane Andrew and the Northridge earthquake, hundreds of smaller disasters stemming from tropical storms, tornados, wildfires, hail, ice and snow are
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Wondering What Your Home Is Worth?Let me show you.
Selling Your Home? Focus on the Kitchen If you're selling your home, your best chance at cooking up a sale is in the kitchen. For today's home buyer, the kitchen is typically the most important room in the house -- an area where form and function are equally important. Buyers view kitchens as an area that has many functions -- preparing dinner, sharing meals, sorting mail, paying bills, and generally hanging out. In fact, a recent survey by SieMatic Corp. revealed that 85 percent of respondents said the condition of a home's kitchen is a major consideration when making a purchasing decision. A major kitchen overhaul probably doesn't make sense when you're ready to sell. But you'll want to do all you can to make your kitchen look its best. Some things you can do to make your kitchen shine include:
Think paint. Slapping on a fresh coat of paint is an easy, inexpensive way to brighten and revive any room.
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Great Reasons toInvest in Real Estate According to recent statistics published by the U.S. Census Bureau, 75% of multifamily investors are over the age of 45. Over half of these (51.6%) own less than five units, and they earned approximately 31% of their income from ownership of rental properties. These statistics may surprise you, but some logical reasons explain these numbers. Most real estate investors come to the market later in life because they are concerned about their retirement and are at their highest potential earning power, or some have inherited money or real estate; the U.S. Census Bureau reports that 48% have inherited a home. There are four major reasons that an investor might choose real estate for investment. 1. Cash flow: Yes, it is still possible in some parts of the country to have a cash flow return. In other words after all expenses have been covered: mortgage, vacancy factor, repairs, property management etc., there still can be some money left on the table. Most banks will not lend money to buy a property if there is no hope of a cash flow. 2. Appreciation: As a result of our growing population - a net gain of one
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Keeping Track of Basis Takes Years of Receipts Some of the least exciting things about real estate are the items which will save you lots of money in the end. The area where you will end up losing the most money is in the tax arena, where Uncle Sam gives few deductions and likes to take as many bucks as possible. Fortunately, one of the best deductions available for most tax payers is their home - if they have a mortgage. The interest payments and property taxes are deductible. And when it comes time to sell the property, then the Great Tax Collector lets you exclude hundreds of thousands of dollars from the proceeds of the sale to reduce your gain, so that you'll not pay as many taxes. For single homeowners, the exclusion is $250,000; married couples filing jointly can walk away with
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Daily News and Advice -->Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.
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Bonnie Fagoh E-mail: bonniefagoh@century21beggins.com Web: WWW.TAMPACOASTALREALESTATE.COM 813-390-7606
Century 21 Beggins Enterprises813-390-7606 6542 U. S. Hwy. 41 N.Apollo Beach, FL 33572
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