|
Learn how to make choices that support local communities and prevent displacement.  Moving into a newly developed area can feel like a smart choice. New buildings, safer streets, and shorter commutes are all appealing reasons to move in. But there's a bigger picture behind the shiny new shops and modern apartments. Renting in gentrified areas isn’t just about finding a place to live. It’s about understanding your rent's impact on the people who’ve called the neighborhood home for years. As rents rise and long-time residents are priced out, your decision to move might be part of a larger shift. In this article, we’ll explore the ethics behind renting in these changing neighborhoods and help you navigate this tricky dilemma carefully. What Gentrification Really Means for Renters Gentrification might sound like a buzzword, but its effects are real for both renters and long-time residents. At its core, renting in gentrified areas means living in neighborhoods that are undergoing major changes, often driven by wealthier people moving in. While this may bring new amenities like cafes, parks, and renovated buildings, it also leads to rising rent prices. This could mean getting a nicer apartment at a more affordable rate for renters, but for many local residents, it often results in eviction and displacement. Over time, the original character of the neighborhood changes, and with it, the community that once called it home. Making Your Move Smoother Moving can be stressful when you’re short on time and space. If you’re heading to a city well known for gentrification, like New York City, finding an apartment that fits everything you own can be a real challenge. Competition is high, and affordable places often have less room than you’d hoped. Temporary housing, in particular, tends to offer limited storage. You may not have enough space to keep all your belongings secure or accessible. In this case, consider renting storage when moving to temporary housing. It’s a practical way to manage your things while you focus on settling in. With less clutter and more breathing room, the whole moving process becomes easier to handle.  If space is tight, consider renting a storage unit to organize your belongings. Why You Might Choose to Move There There are many reasons why renting in a gentrifying area might seem like a good option. For one, the rent could be more affordable than in other nearby neighborhoods. New developments often include modern amenities like updated appliances, gyms, and better security. The commute might be much shorter if you work nearby, saving you time and money. The neighborhood could also feel safer or more vibrant, with trendy restaurants, coffee shops, and new businesses popping up. These perks are hard to ignore, especially when you're searching for a place to live on a budget or in a convenient location. The Hidden Impact of Your Rent While renting in a gentrified area may seem like a personal choice, it has a broader impact on the community. When you pay your rent, you’re contributing to a cycle that often pushes out long-time residents. Many landlords raise rent prices to match the growing demand, making it harder for lower-income families to stay. Over time, this can force people to leave their homes, sometimes without a choice. Local businesses that catered to the original residents might close, replaced by higher-end stores that cater to new arrivals. Though you may not intend to harm anyone, the rising rents and changes in the neighborhood can be a silent force of displacement for people who can no longer afford to live there.  Renting in gentrified areas can displace residents and close local businesses. Responsible Ways of Renting in Gentrified Areas If you’re concerned about the impact of renting in a gentrified area, there are ways to make more thoughtful choices. Start by supporting local businesses rather than chain stores. These small shops often rely on community loyalty to stay open and can be a lifeline for the original residents. Attend neighborhood meetings to stay informed about local issues and the concerns of long-time residents. Building relationships with your neighbors can help you understand the community’s needs and values. When choosing a landlord, look for ones who respect tenants' rights and avoid those with a history of unfair rent hikes or evictions. Lastly, consider alternative housing options, like co-living spaces or community housing, focusing on inclusivity and affordability. What You Can Ask Before Moving In Before you rent in a gentrified area, ask the right questions to understand the impact of your move. Here are a few key things to consider:
These questions help you make a more informed, responsible decision when choosing where to live.  Don’t forget to ask the key questions. You Don’t Need to Have All the Answers
It’s okay if you don’t have all the answers when it comes to renting in a gentrified area. The situation isn’t always clear-cut, and there are no perfect solutions. What matters is that you’re thinking about the impact of your choices. You don’t need to feel guilty, but being aware of the bigger picture is important. No one expects you to solve gentrification alone, but small, thoughtful actions can make a difference. Having these conversations, asking the right questions, and staying informed are all steps in the right direction. The goal isn’t perfection—it's simply to be more conscious of how your actions fit into the wider community. Conclusion: Rent, Think, Care When it comes to renting in gentrified areas, your decision has an impact, whether you realize it or not. It’s not just about finding a place to live—it’s about being mindful of the community around you. By thinking critically and asking the right questions, you can make choices that show you care about more than just your apartment. You don’t have to have all the answers, but being aware is a powerful step. Ultimately, it’s a balance between your needs and the neighborhood's well-being. Rent, think, and care—your choices matter. Photos used: Pexels Unsplash Unsplash Pexels  Renting with a pet requires preparation, especially when reviewing lease agreements and pet policies. Many landlords impose rules about pets to maintain property conditions and avoid disturbances. Whether you own a dog, cat, or smaller animal, understanding these rules can improve your chances of approval. Common Pet Policies You May Encounter Landlords often set specific rules about animals to protect their properties. These policies may restrict certain breeds, sizes, or species. Some apartments only accept small pets, while others might ban certain dog breeds. Pet weight limits are another factor. Landlords may also limit the number of animals allowed in one unit. Service animals and emotional support animals are exceptions to most pet restrictions. Laws protect tenants needing these animals, but you may need documentation. Reading lease agreements carefully is essential. Policies about damage deposits, cleaning fees, and inspections should be reviewed in detail before signing. Questions to Ask About Pet Fees and Deposits Landlords often charge pet deposits or fees to cover potential damage caused by animals. These fees vary depending on location and property rules. Common charges include:
Building a Strong Case for Renting with a Pet Demonstrating responsible pet ownership by creating a calm and pet-friendly living space helps build a strong case for renting with a pet. When renting with a pet, convincing landlords that you are a responsible owner can make a big difference. Highlight your pet’s positive qualities and provide evidence of proper training. If concerns about pet policies arise, consider negotiating rent with a landlord to create terms that work for both parties. Prepare the following documents:
Find the Right Moving Company Relocating with pets often involves extra planning to ensure their comfort and safety throughout the move. Choosing a reliable moving company can make the process smoother and less stressful. A2B Moving and Storage offers services that help pet owners manage their move efficiently, allowing you to focus on settling into your new home without unnecessary disruptions. Whether moving locally or long-distance, having professional support can simplify the transition for you and your pet. How to Handle Breed and Size Restrictions Many landlords set restrictions on dog breeds based on size or reputation. This often affects renters with larger dogs or specific breeds labeled as aggressive. If your pet falls under these categories, provide detailed information about their behavior and training. Professional obedience training certificates can help challenge assumptions about certain breeds. Pet insurance policies that cover liability may also reduce landlord concerns. These policies protect against damage or injuries caused by pets, offering financial security for property owners. Renting with a pet often means addressing concerns upfront to ensure a positive rental experience for everyone involved. Finding Pet-Friendly Rentals  Finding pet-friendly rentals can ensure your furry friend feels at home while you manage daily tasks comfortably.Searching for properties that allow animals may take extra time. Focus on listings labeled “pet-friendly” to avoid wasting time on unsuitable properties. Online platforms often allow you to filter searches for pet-friendly units. Contact property managers directly to confirm policies before scheduling visits. If options are limited, consider expanding your search to less competitive neighborhoods. Flexible landlords are often more common in smaller rental markets. You can also explore resources to help you find the perfect pet-friendly rental property in Reno if you’re searching locally. Relocating with Your Furry Friend Moving to a new home can be stressful, especially when pets are involved. If you’re relocating with your furry friend, planning is essential to keep them safe and comfortable during the process. Moving long distance with a dog may require pet-friendly travel arrangements, overnight accommodations, and regular breaks to reduce stress for your animal. Preparing early ensures a smoother transition to your new rental. Negotiating Lease Terms with Pet Owners in Mind Sometimes, landlords make exceptions to policies if tenants demonstrate responsibility. Be prepared to negotiate if you find a rental with restrictions. Offer a larger security deposit to cover potential damages. You could also provide written agreements detailing your commitment to cleaning and repairs if necessary. If landlords remain hesitant, suggest a trial period. This allows them to evaluate your pet’s behavior before fully committing to a long-term lease. You can avoid rent increases by timing your move strategically or seeking more affordable rental options nearby. Tips for Keeping Your Rental Pet-Friendly  Keeping your rental pet-friendly includes providing space for pets to explore and maintaining a clean, organized living area. Maintaining a clean and pet-friendly rental ensures you leave a positive impression and retain your deposit.
Follow these tips:
When Landlords Violate Your Pet Rights Renters with service animals or emotional support animals have legal protections under federal law. If landlords refuse to accommodate these needs, tenants may file complaints. Document conversations and save any written denials. Contact local housing authorities or legal aid organizations to address violations. Renters without support animals must rely on negotiations or look for alternative housing options. Understanding local rental laws can help in disputes. Preparing for Long-Term Success While Renting with a Pet Responsible pet ownership benefits renters and landlords. Proactively addressing potential concerns can secure housing and create positive relationships with property managers. Stay informed about pet policies, maintain documentation, and communicate openly with landlords. Following these steps simplifies renting with a pet while protecting your rights. Photo Credit: https://www.pexels.com/photo/closeup-photography-of-adult-short-coated-tan-and-white-dog-sleeping-on-gray-textile-at-daytime-731022/ https://www.pexels.com/photo/pensive-black-man-using-laptop-while-akita-inu-resting-on-floor-5749798/ https://www.pexels.com/photo/anonymous-woman-with-bag-of-clothes-near-dog-7282381/ https://www.pexels.com/photo/young-ethnic-guy-with-curious-dog-looking-out-window-5745207/  Moving to a new city is a transformative experience that offers a fresh start and a wealth of opportunities. It’s a chance to redefine your career path, explore diverse cultures, and adapt to new environments. However, this transition requires thoughtful planning and consideration of various factors to ensure a seamless adjustment. From evaluating job markets to understanding local customs, each aspect plays a crucial role in shaping your new life. By approaching your move with a strategic mindset, you can turn potential challenges into rewarding experiences.
Transform Your Move into a Career Opportunity Relocating offers a unique chance to realign your career with your passions. If you’re contemplating a shift in nursing, this could be the perfect time to consider this path. A master’s degree in nursing can open doors to roles in nurse education, informatics, administration, or advanced practice. Online programs provide the flexibility to balance work and study, allowing you to maintain your current job while advancing your education. This approach enhances your professional qualifications and aligns your career with your interests and goals, leading to a more fulfilling professional journey. Navigate Transportation Costs in Your New City Understanding transportation costs is essential when moving to a new area. Car ownership in the U.S. can be costly, averaging around $1,015 per month, including maintenance and parking fees. Public transportation often provides a more affordable option, easing financial strain and reducing time spent in traffic. Many areas offer extensive public transit systems to help you avoid the significant expenses of car ownership. By researching and comparing these costs, you can make an informed choice that suits your budget and lifestyle preferences. Estimate Entertainment and Leisure Costs in a New City Maintaining your lifestyle in a new area involves understanding the costs of entertainment and leisure. Gym memberships can vary widely, with averages between $40 and $70 per month. Cultural events often come with additional costs, such as ticket prices averaging around $43.88 per person, excluding extra fees. Movie ticket prices have also been increasing faster than the Consumer Price Index in recent years, making exploring discounts and loyalty programs offered by theaters is essential. Assess Educational Opportunities in Your New Community If you have children or plan to start a family, assessing the quality of local schools and educational facilities is vital. Examine key performance indicators such as standardized test scores, graduation rates, and college acceptance statistics, comparing them to state and national averages. Websites like GreatSchools and US News offer valuable insights and ratings that can help you gauge the academic standing of schools in your prospective community. Additionally, reaching out to residents through platforms like Facebook groups or Reddit can provide a more nuanced understanding of the school culture, including class sizes and parental involvement. Evaluate Economic Stability for Career Growth Assessing a city's job market's economic stability and growth potential is crucial for securing long-term career opportunities. Start by examining the city’s job growth rates and median income levels, as these indicators can provide insights into the economic health and potential for future employment. Cities with diverse industries tend to offer more robust job markets, reducing the risk of economic downturns affecting your career. Additionally, understanding the cost of living in relation to potential earnings is vital; tools like a cost of living calculator can help determine if your salary will support your lifestyle. Master Local Culture for a Seamless Relocation Grasping the local culture and customs is essential for a smooth transition. You can sidestep potential misunderstandings and cultivate positive relationships by delving into your new environment's cultural norms and social etiquette. For instance, understanding whether a culture values individual achievements or teamwork can significantly impact how you interact with colleagues. Additionally, recognizing the importance of hierarchy and formalities in certain cultures can guide you in addressing leaders appropriately. Embracing a new city is more than just a change of address; it’s an opportunity to grow and thrive in a fresh setting. By thoughtfully considering career prospects, transportation, lifestyle costs, educational opportunities, economic conditions, and cultural nuances, you can lay a strong foundation for your new life. Approach this journey with an open mind and a willingness to adapt, and you’ll find that relocation challenges can lead to enriching experiences and personal development. Discover the perfect home for rent, and let the Clark Brothers expertly manage your Reno real estate portfolio by visiting Clark Real Estate today! Image via Unsplash Find ways to avoid rent increases by timing your move, finding budget rentals, and keeping moving costs low with these practical tips.  As rental prices rise, more people consider moving to lessen the impact on their budgets. Shifting to a cheaper area or city can offer significant financial relief, especially with effective planning. Knowing the best times to move and where to look for affordable options helps keep costs manageable, particularly if it implies a long-distance relocation, like from Washington State to Nevada. For instance, moving at the right moment or opting for off-peak seasons can lead to lower rents and more flexibility. We’ll look into practical ways to avoid rent increases, locate cheaper rentals, and find a place that fits your lifestyle.
Why Timing Your Move Matters Timing your move can make a real difference in rental expenses. For starters, demand for rentals is typically lower from late fall through early spring. Fewer people choose to move during winter, which leads to less competition and often lower rent offers. Moving in these off-peak months increases your options and can lead to significant savings, as landlords may be more willing to negotiate rent or lease terms when demand is low. Bear in mind that summer is the most popular season for moving, so demand—and often prices—are highest during this period. With more people searching for rentals, landlords tend to set higher prices to maximize profits. Avoiding peak seasons makes you more likely to find reasonable rates and give your rental application better odds. How to Make the Move Smooth and Budget-Friendly The relocation itself can be costly, but several strategies help keep expenses manageable and make the process easier. First, having a checklist and packing on your own is one of the easiest ways to cut costs. Gather boxes from grocery stores, label each box by room, and pack gradually, starting with the items you use the least. Next, consider renting a moving truck instead of hiring full-service movers, as this is often much cheaper. If you do hire movers, scheduling the move during the week (off-peak hours) can help reduce rates. Naturally, enlist the help of friends or family members on moving days to avoid paying for extra labor. Many people are happy to lend a hand if you provide refreshments or snacks in return. However, hiring interstate movers can simplify the process if you’re considering a larger relocation, such as moving from Washington State to Nevada. Planning your transfer between states with a reputable company ensures that your items are transported safely, reducing the stress and risk often associated with long-distance moves. How to Find Affordable Rentals in Your Area Locating affordable rentals requires a strategic approach and knowing where to look. First of all, research various neighborhoods in your preferred area. Prices can vary greatly depending on location, so exploring multiple options widens your choices. Online rental platforms like Zillow, Apartments.com, or Rent.com help compare prices across neighborhoods. These sites often include filters to help you find rentals within specific price ranges, which speeds up your search. Second, online and offline local community boards can be valuable resources. Sites like Craigslist or local Facebook groups frequently post rental listings, often with flexible terms or lower prices than mainstream platforms. These sources can reveal hidden options overlooked by large rental sites and give you access to local-only deals. Third, emerging neighborhoods or areas undergoing new development may have lower rents to attract tenants. While these spots may initially lack some convenience, developers often offer competitive pricing to fill units. Over time, these areas may gain value as more amenities move in, offering you a lower rent now and potential long-term benefits. Last, don’t hesitate to negotiate the rent with potential landlords, especially if you find something slightly above your budget. Showing good rental history, offering a longer lease term, or discussing flexible move-in dates may help you secure a better rate. Small adjustments in lease terms could make an otherwise unaffordable rental fit your budget. Look Beyond the Basics: Identifying Cost-Saving Features Consider more than just the monthly rent when searching for an affordable rental. To start off, some rentals cover basic utilities, like water, heating, or gas, in the rent. This can save you from paying separate utility bills each month, making budgeting easier. Checking if utilities are included can reveal hidden savings, especially in areas where heating or water costs are high. Likewise, rentals with energy-efficient appliances can help lower electricity bills. Modern fridges, washers, and air conditioning units use less energy, which keeps monthly utility costs down. Look for properties that have updated appliances, as this can lead to significant savings, particularly in warmer or colder climates. Some landlords also offer bundled internet or cable services at a reduced rate. This might be less expensive than setting up these services independently. If included, these bundles reduce the hassle of dealing with separate providers, cutting both costs and time spent on setup. In-unit amenities like a washer and dryer can save you money on laundry and add convenience. Smart Strategies to Negotiate Rent Prices and Avoid Rent Increases Negotiating rent can significantly affect your monthly budget, especially in competitive markets. Above all, start by researching similar properties in the area. Knowing the average rent for comparable units gives you a strong foundation when negotiating. Landlords are more likely to consider your request if you can present data showing the local market rate. In addition, offering a longer lease, such as 18 months instead of 12, can sometimes encourage a landlord to lower the rent. Longer leases provide them with stability, reducing their need to search for new tenants. This option can lead to immediate savings and help you avoid rent increases in the near future. Likewise, mention it if you have a strong rental history with on-time payments and no disputes. Landlords value reliable tenants, and showcasing your track record can strengthen your negotiation position. Providing references from previous landlords adds credibility and may make them more willing to adjust the price. Being flexible with your move-in date can also benefit you. If a unit is available immediately, offering to move in sooner can save the landlord from a vacancy period, potentially giving you leverage to negotiate a better rate. Wrap-Up Moving to avoid rent increases can help you manage your budget better in the long run. Timing your move, finding cost-saving features in rentals, negotiating prices, and organizing your move carefully all contribute to keeping expenses low and reducing stress. Whether relocating nearby or planning a more significant move, like from Tacoma, WA, to Reno, NV, using these strategies can make a real difference. By avoiding rent increases and planning thoughtfully, you’ll save money and secure a rental that better suits your financial goals. Photo used: Pexels  A lot changes in 7 years, especially in the real estate world. In September of 2017, we published an article detailing how to upgrade from tenant to homeowner.
Back then, the journey from being a tenant to becoming a homeowner was relatively straightforward, driven by historically low-interest rates and a more favorable housing market. With a $1,200 monthly budget for a mortgage payment, one could secure a mortgage of about $250,000, making homeownership an achievable dream for many. Fast forward to 2024, and the landscape looks quite different. Rising interest rates, increased living costs, and tighter housing inventory have reshaped the real estate market. Let’s compare the numbers and see how the path to homeownership has evolved. Real Estate in 2017 vs. Affording a House in 2024: A Side-by-Side Comparison Monthly Budget and Affordability
Interest Rates and Mortgage Affordability The most significant change between 2017 and 2024 is the increase in mortgage interest rates. In 2017, the rates were around 4%, allowing buyers to stretch their budgets further and purchase homes at higher prices. In 2024, with rates rising to about 7%, potential homeowners find their purchasing power significantly reduced. This difference translates into a decrease of roughly $90,000 in mortgage affordability for the same monthly payment amount. The Role of Clark Real Estate in Today’s Market Navigating the current real estate market can be challenging for both tenants looking to transition to homeownership and landlords seeking reliable tenants. This is where Clark Real Estate steps in, offering expertise and support to help clients make the best decisions in a shifting market. For Potential Tenants Clark Real Estate understands the complexities of today's market and works closely with tenants to explore all available options. Whether you’re interested in making the leap to homeownership or finding a rental property that aligns with your long-term goals, Clark Real Estate provides tailored guidance on:
For Potential Landlords In a competitive rental market, landlords are looking for ways to maximize their investments while ensuring stable, long-term tenancies. Clark Real Estate supports landlords by:
Adapt and Thrive with Clark Real Estate The real estate market has evolved significantly from 2017 to 2024, with increased interest rates and living costs presenting new challenges for both tenants and landlords. Whether you are a potential homeowner adjusting to the new financial landscape or a landlord seeking to navigate the changing rental market, Clark Real Estate is here to help. By providing comprehensive support, tailored advice, and in-depth market analysis, Clark Real Estate empowers clients to make the best decisions in today’s climate. Reach out to Clark Real Estate today to explore your options and find the perfect property that meets your needs in 2024.  Image by DC Studio on Freepik Launching a career in real estate development offers lucrative opportunities as well as unique challenges. To excel, developers must engage in careful planning, adopt strategic approaches, and effectively navigate complex market landscapes. Understanding the intricacies of financial planning and staying attuned to market dynamics are the initial steps to building a solid career foundation. Today, Clark Real Estate shares some tips to help aspiring developers position themselves for success in the competitive real estate industry.
Establishing a Financial Foundation Before diving into real estate development, you need a solid financial plan. Assess your available capital and potential financing options to determine your budget. Understand your financial limits and avoid overextending yourself. Proper budgeting ensures you can cover unexpected costs and keep your project on track. Having a clear financial roadmap helps you manage your resources efficiently and make informed decisions. Enhancing Your Skills with a Business Degree Getting a bachelor's of business administration degree can significantly boost your career. It helps you build essential skills in areas like accounting, business, communications, and management. With online degree programs, you can easily balance a full-time job while studying. Look for programs that fit your schedule and career goals. Keeping up with your education helps you stay competitive and improves your ability to handle complex projects. Understanding Housing Market Trends Staying informed about housing market trends is crucial. Analyze market data to understand current pricing, demand, and supply dynamics. Knowing these trends allows you to set competitive prices and make strategic investments. Market knowledge helps you predict future changes and adapt your plans accordingly. By staying ahead of market trends, you can maximize your profits and minimize risks. Navigating Local Regulations Reviewing local laws and ordinances is a must. Each area has specific regulations that can impact your development project. Understanding zoning laws, building codes, and permit requirements ensures compliance and avoids legal issues. Consult with local authorities to stay updated on any changes. Being well-versed in local regulations helps you navigate the bureaucratic landscape and keeps your project on schedule. Leveraging Professional Expertise Engaging skilled professionals such as attorneys and surveyors is crucial to the smooth execution of any development project. Attorneys ensure legal compliance and assist with contract drafting, while surveyors analyze land boundaries and site specifics, crucial for minimizing project risks. Take time to research and scrutinize potential professionals who can help you on your journey. Analyzing Site Characteristics Thoroughly analyzing site characteristics is crucial for successful development. Assess the location, size, topography, and other physical attributes of the site. Evaluate the accessibility, proximity to amenities, and potential for future growth. Understanding these factors helps you determine the suitability of the site for your project. A comprehensive site analysis guides your planning and ensures your development meets market needs and regulatory requirements. Crafting Detailed Contracts Prepare comprehensive contracts with all subcontractors hired during development. Detailed contracts outline the scope of work, timelines, payment schedules, and responsibilities. Clear contracts prevent misunderstandings and disputes, ensuring smooth project execution. Regularly review and update contracts to address any changes or unforeseen issues. Effective contract management maintains transparency and accountability throughout the development process. How to Thrive in Real Estate Becoming a successful real estate developer requires meticulous planning, market awareness, and professional expertise. You can navigate the complexities of real estate development and achieve long-term success by establishing a solid budget, understanding market trends, effectively marketing your development, enhancing your skills, and following the other tips above. Start your journey with these essential steps and build a prosperous career in real estate development. Clark Real Estate is here to help beef up your real estate portfolio. We look forward to hearing from you!  Maintaining a beautiful and functional home and garden is essential for homeowners and renters alike. At Clark Real Estate, we believe that a well-maintained property not only enhances your living experience but also preserves the value of your investment. Here are some expert tips to keep your home and garden in top shape all year round.
1. Seasonal Maintenance Checks One of the best ways to keep your home in excellent condition is to perform regular seasonal maintenance checks. In the spring, inspect your roof for any winter damage, clean out gutters, and ensure your HVAC system is ready for the warmer months. Summer is an ideal time to check for any cracks in the foundation, inspect windows and doors for leaks, and service your lawn equipment. As fall approaches, clean your gutters again, check your heating system, and winterize your outdoor plumbing. Winter calls for regular snow removal from driveways and walkways, and ensuring your home is properly insulated to keep heating costs down. 2. Lawn and Garden Care A lush, green lawn and vibrant garden can significantly enhance your property's curb appeal. Regular mowing, watering, and fertilizing are key to maintaining a healthy lawn. Use a mulching mower to help return nutrients to the soil and reduce the need for chemical fertilizers. In your garden, choose native plants that are well-suited to your local climate and soil conditions. This not only makes gardening easier but also supports local wildlife. Regular weeding, pruning, and mulching can keep your garden looking its best. 3. Exterior Home Maintenance The exterior of your home is the first thing people see, so it's important to keep it in good condition. Regularly clean and inspect your siding, brickwork, and paint. Pressure washing can remove dirt and grime, making your home look fresh and well-kept. Check for any signs of damage, such as peeling paint or cracks in the siding, and address these issues promptly to prevent further deterioration. Additionally, ensure that your home's exterior lighting is functional and enhances the safety and beauty of your property. 4. Indoor Maintenance Tips Keeping the interior of your home well-maintained is equally important. Regularly check your plumbing for leaks and fix any issues immediately to prevent water damage. Clean and inspect your appliances to ensure they are functioning efficiently. It's also a good idea to test your smoke and carbon monoxide detectors monthly and replace batteries as needed. Declutter your living spaces to create a clean, organized environment that promotes relaxation and well-being. 5. Energy Efficiency Upgrades Improving your home's energy efficiency not only helps the environment but also reduces your utility bills. Consider upgrading to energy-efficient windows and doors, adding insulation to your attic and walls, and installing a programmable thermostat. LED lighting and energy-efficient appliances can also make a significant difference. Regularly servicing your HVAC system ensures it operates efficiently and effectively throughout the year. 6. Pest Control Pests can cause significant damage to your home and garden, so it's important to keep them at bay. Regularly inspect your property for signs of pests such as termites, ants, or rodents. Keep your home clean and free of food debris that can attract pests. In your garden, use natural pest control methods, such as introducing beneficial insects, to keep harmful pests under control. If you notice a pest problem, address it promptly with the help of a professional if needed. 7. Safety and Security A safe and secure home provides peace of mind for you and your family. Regularly inspect and maintain your home's security systems, including alarms, cameras, and locks. Ensure that your smoke and carbon monoxide detectors are working properly and have a fire extinguisher readily available. Outdoor lighting and well-maintained landscaping can also deter potential intruders and keep your property safe. 8. Regular Inspections Regular professional inspections can help identify potential issues before they become major problems. Schedule annual inspections for your roof, HVAC system, plumbing, and electrical systems. These inspections can save you money in the long run by catching small issues early and preventing costly repairs. At Clark Real Estate, we are committed to helping you maintain a beautiful and functional home and garden. By following these tips, you can ensure that your property remains in top condition, enhancing its value and your enjoyment of your living space. Whether you're a homeowner or a renter, regular maintenance is key to a safe, comfortable, and attractive home. For more personalized advice and professional property management services, don't hesitate to contact us.  Zillow's 2023 Consumer Housing Trends Report finds that first-time buyers now make up 50% of all home buyers, up from 45% the year before. Many of those homes were not new, which means quite a few people found themselves in possession of a fixer-upper. These houses can be a dream or a nightmare. If you get the house for a good price, you can make a considerable profit by fixing it up and selling it.
Of course, this may depend on your area of the country; the average price for a fixer-upper in Boston, Massachusetts, for example, is $420,000, but the average will be much lower in less-populated and rural areas. And if renovations head south, you could end up pouring a lot more money and resources than you intended into a money pit. Here are a few suggestions to keep your experience on the positive side. The Buying Process As a first-time home buyer, get prepared before you even begin looking. Check your credit score, know what kind of down payment you can afford, and get pre-approved for a loan so you can make an offer without having to wait. Looking beyond traditional real estate listings often yields results when you’re searching for a fixer-upper in your area. Check your local courthouse for foreclosure notices and attend auctions and estate sales. Because you’re willing to do some work on a house, you’re more likely to find a gem others will miss. The ideal fixer-upper is the worst house in the best neighborhood. Before you buy, make sure you get a home inspection so you know exactly what you’re facing in terms of repair work. You want to make sure you’re not missing something major that will spell disaster once the house is yours. Prepping for DIY Determine what projects you need to hire out and what projects you can handle. For the jobs you’ll be doing, make sure you have the appropriate tools. A few common power tools include a drill, circular saw, jigsaw, oscillating multi-tool, and an orbital sander. These will get you through most projects. If you’re not sure which models or brands to buy -- or which tool to use for which job -- do some research or ask your contractor or an experienced friend for recommendations. What Projects to Tackle First Deciding what projects to start with will depend on if you are living in the home. If you’re living there, you will likely remodel one room at a time so you can live in the other areas. If you have other living arrangements, you can work on the entire home at the same time. Major projects come first. Knocking down walls, tearing out old kitchens, ripping up flooring, and doing major plumbing and/or electrical work are large changes that should come before smaller cosmetic improvements such as paint. If you are working with a contractor, make sure he communicates his remodeling plan to you. If you’re doing everything on your own, create a timeline before you pick up the first hammer. Love It or List It? As a popular show on HGTV asks, once you have completed the fixing up process, should you love it or list it (stay or sell)? If you are emotionally invested in the property due to the blood, sweat, and tears you poured into it, it makes sense to stay. If the entire process is just a business transaction to you, you’ll be more willing to sell. Either way, you should have your house reappraised once repairs are finished. If the home value has increased significantly, you may be in a good position to sell quickly (make sure you research capital gains tax first). If you’re up for an adventure, buying a fixer-upper can be an exhilarating experience for first-time home buyers. Go into the process with your eyes open, and get lots of advice from people more experienced than you. Every fixer-upper process has moments when you’re not sure if things will work out, but the end result can be well worth your time, effort, and investment. Photo from Unsplash Guest contribution by Bret Engle. Updated 2024.  Cork and Rick Clark grew up in Reno, Nevada, watching their father build and invest in real estate. They felt fortunate to not only enjoy the direct benefits but also have the opportunity to learn about real estate investing from an early age.
"He paved the way and showed us the financial rewards," Rick shares. "Pops taught us the importance of a strong work ethic. If you want to be successful, you need to be on the job every day." The Clark family motto--if you are going to reach a particular goal, you MUST be consistent by being on the job and working diligently every day—helped the brothers navigate the challenges of the 2008 market crash and led their property management company into record-breaking growth and momentum. Today, Cork and Rick have used their deep knowledge of real estate, expertise in construction, and their relentless drive to build Clark Real Estate to over 900+ doors (households) under management. Their favorite part of managing properties and real estate investments is that every day is different—every project is different, every house is different. They get to problem-solve daily, whether from the office or out at a construction site. Their father and uncle, now in their 80s, modeled how to successfully work as brothers, and they have enjoyed working as a team ever since. "Knowing somebody's got my back and that we have the same goals is the best part about working with my brother," Cork says. Rick is the second of seven children, and Cork is the younger brother as the fifth child. The Clark brothers got started in real estate investing and property management through the construction industry. They have been in the construction industry since they were teenagers. With their construction experience, "we could visualize firsthand all the possibilities," Rick says. "We would look for the biggest problem property in a neighborhood," Rick remembers. "We would make offers on properties that weren't even for sale." It wasn't long before the brothers had a handful of renovated properties that needed management. This led them to start a property management company, eventually taking on leasing and maintenance for other real estate investors. "No one knows the community better than we do. We're lifers," Rick smiles. "We're hands-on. We've started from the ground up. There are very few aspects of the real estate and investing game that we have not experienced firsthand," adds Cork. Clark Real Estate brings drive and enthusiasm to those looking to invest in the Reno area. Ready to make your mark in Reno's real estate market? Contact Clark Real Estate today to discover how we can help you achieve your investment goals with confidence and expertise!  While many people continue to enjoy the benefits of increased take-home pay due to the Tax Cuts and Jobs Act (TCJA), understanding how the Act affects mortgage interest deductions remains crucial. The TCJA increased the standard deduction, which has eliminated the need to itemize deductions, including mortgage interest, for many taxpayers. However, if your total itemized deductions exceed the standard deduction amount ($13,850 for individuals and $27,700 for married couples filing jointly for 2024), it's essential to understand what is allowable under the current rules. Here is a summary:
While this is not a comprehensive list of all changes, it should provide guidance in making decisions about refinancing or purchasing a home. There are various methods for calculating allowable deductions, so consulting a tax professional for specific advice regarding your situation is advisable. |
Clark Real Estate
305 W. Moana Ste C Reno, NV 89509 (775) 828-3355 Reno Property Management
All
|
RSS Feed
