Real estate investments or vacation properties hold a certain appeal. Some investors like the fact that they actually own something tangible as opposed to playing the stock market. Others hear stories of major paydays for those who bought early and then cashed out.
The cost of housing is an ongoing hot-button topic for residents here in the Austin metro area. The general complaint is that the city’s growth is pushing rental and real estate prices through the roof.
It is a fact that landlords are emboldened to raise the rent in tight markets, so tenants may feel like they are getting pushed out the door of their home. Some landlords may also eschew general maintenance to help the process. However, tenants do have rights here in Texas. If a landlord is breaking the law or not honoring the rental agreement, it is advisable to speak with a real estate law attorney. They can help protect the rights of renters.
There are two sides to the gentrification issue. Many homeowners love it because they buy a property and the value goes up as new services come in, neighboring properties are better maintained and the neighborhood becomes safer. The flip side is that residents who may have roots in the neighborhood for generations can be displaced because of escalating rents or taxes.
White Bear Lake sits on the eastern side of the Twin Cities, which is the largest metro area in Minnesota. The lake has been a destination for boating, fishing, swimming and other water sports as well as providing a view for many lakeside homes and restaurants. However, water levels of the 2,400 acre, 80-foot-deep lake reduced over time to low point in 2013, at which time it surpassed the Dust Bowl drought levels. This was despite average or above average rainfall during the nine-year period from 2007 to 2016.
It’s recently been reported that multigenerational home buying is on the rise. According to the New York Times, 64 million Americans are living in homes where there are adults of at least two generations. This is double the number of people doing it in 1950.
On the surface it seems like a good idea. Gubernatorial candidate Lupe Valdez bought and renovated several properties that she subsequently rented to people who were aspire to open businesses or somehow contribute to the community. She had been renting units at below-market levels for decades, and often bought the most rundown property on the block and fix it up for that purpose.
Using a professional surveyor can help resolve a wide variety of property issues before they become major headaches. From establishing where the true boundary line is located to figuring out if there is an old cemetery on your property, a survey can provide a wide range of eful information. This can be particularly useful if you are planning on buying or selling a property or even want to understand your obligations as the landowner.
Many who plan to sell their home or commercial property are loath to invest much money in sprucing up space. However, the New York Times recently published an article suggesting a variety of simple changes to make a space more aesthetically pleasing and/or habitable without breaking the bank. These tips are cosmetic in nature, but can make a difference if you plan to have your property stand out and potentially net a higher price.
The Court of Appeals for the Tenth Circuit reversed a lower court ruling that a property in Glendale was blighted. The six-acre parcel in suburban Denver was initially seized to be part of efforts to create an entertainment district. The initial ruling by the city was issued at May of 2013 hearing.