What To Expect – Real Estate 2019

Property consisting of land or buildings is how real estate is defined. Every year, what goes into real estate changes. 

Before you look into investing in new property, here are the list of different kinds of real estate:

Residential Real Estate- This includes reselling homes and construction work. The categories consist of is single-family homes (most favorable), condominiums, high-value homes, co-ops, townhouses, duplexes, triple-deckers, quadplexes, multi-generational, and vacation homes.

Commercial Real Estate- This includes shopping centers, strip malls, medical, educational buildings, hotels, and offices. Apartment buildings can be contemplated as commercial, even if they are only used for residences due to being owned to produce income.

Industrial Real Estate- This includes manufacturing buildings, property, and warehouses. Buildings are good for for production, storage, etc. Some buildings that distribute goods are considered commercial real estate. The classification is important because the zoning, construction and sales are handled differently.

Land- This includes vacant land ( incorporates developed, early development/reuse, subdivision and site assembly), working farms and ranches. 

You may have to worry about mortgages later in time.

Whats a mortgage?  A mortgage is when you take out a loan (usually from a bank), on a property or real estate. You then over time come up with a plan between the borrower and lender, to ensure that the money gets payed back over a specific amount of time till the lender receives all money back. 

Here are some of the best mortgage loans that you should look into:

  • FHA Loans
  • VA Loans
  • USDA Loans 
  • FHA 203k Rehab Loans
  • Conventional Loans 

How to turn real estate into an investment:

Buy REITs - also known as Real Estate Investment Trusts, allows you to invest in real estate. They pay higher dividends meaning its better for investment in retirement. If the investor no longer wants or need the regular income, they have the ability to automatically reinvest the dividends to increase their investment.  

What’s In For Kitchen Renovation 2019

Are you tired of your kitchen and need change? Now and days, its hard to keep up with all of the latest trends. Here are some tips on what’s in for kitchen renovation and remodeling. 

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Whats in:

  1. Industrial countertops

  • Concrete like countertops have a more chic feel to it. Some other countertops to consider are marble, granite, quartz, etc.

2. Organic/ Homemade tiles

  • Terracotta tiles by Clé tile give more definition to your home due to the fact that their tiles are made up of many different colors. Their “Weathered White” for example, has a range of grays, pinks, cream colors, blues, etc. 

3. Tech features

  • Including but not limited to, a refrigerator with a family hub, an double electric oven, GeniCan scanner, etc. 

4. Hidden storage walls

  • Creates a cool way to store things. It helps with seclusion and increases space to put up any art work. 

5. White 

  • White cabinets, decor, etc, give a more sophisticated feeling. It brightens up a room and even makes a small room look bigger than it actually is. 

6. Glossy finish

  • Also know as sheen level, this describes the amount of light that is reflective by stain or paint. This is appealing to the eye as it draws in the attention due to the shine. 

7. Island

  • An island creates more counter space for a kitchen. You can put another sink if you need one, use it for eating purposes and even watch your kids do their homework while you cook.