Todd Alperin - Coco, Early & Associates The Olivares, Molina & Alperin Division



Posted by Todd Alperin on 9/27/2020

Image by Lena Lindell from Pixabay

Having a second home gives you an opportunity to spend part of your time living in another area or bring in another source of income if you rent it out. Purchasing another home is a major investment that requires careful consideration. Before you begin looking into properties for sale, keep the following factors in mind for your second home.

Choose a Location Carefully

Whether you have a location in mind or you’re exploring your options, make sure you get to know the local area well prior to making a purchase. If you’re thinking of buying property in a vacation area you’ve visited before, for example, you should learn more about what this location is like in the off season. If you’re considering places you’ve never been to, gather as much information as you can about the area, such as local crime rates and average weather conditions throughout the year.

Decide on the Right Kind of Home

Your second home could be a single-family house or a condo or townhome. If you plan on using the property often and you want more privacy, a single-family house might be the right choice. Just keep in mind that you’ll need to make sure you maintain the property all year round. A condo or townhome might offer a better option if you only plan to visit your second home a few times a year, since you won’t have to worry about yard maintenance.

Consider Financial Factors

In addition to paying a mortgage and property taxes, there are other financial factors to take into consideration. For a vacation home, you might have added expenses, such as flood insurance in a hurricane-prone area. You’ll also need to include the cost of maintaining the property throughout the year, such as professional yard maintenance or routine HVAC maintenance. If you plan to rent out your second home, you might need to factor in the cost of hiring a property management company. You might also need to include HOA fees whether you buy a vacation home or rental property.

Work with a Local Agent

When you know where you want to purchase a second home and start looking into available properties, work with a local real estate agent. These agents are familiar with the local market, which helps ensure that they’re able to find you a home that fits your needs. They’ll also be able to determine the right asking price for it based on local market conditions.

Think About Taxes

The tax situation for your second home will depend on whether or not you rent it out and for how long. You’ll need to report rental income if you rent it out for more than 14 days per year, but you’ll also be able to deduct the cost of rental expenses. Since tax rules for property ownership can be complex, get detailed information about your situation before choosing a second home to purchase.




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Posted by Todd Alperin on 9/20/2020

Photo by House Method on Unsplash

Some home maintenance projects definitely require a professional. But given just how fast homeownership costs can add up, it's nice to know that other home projects are DIY for the average person. 

Replacing your toilet fill valve and the flapper is one such project. 

The toilet is one of the few items in our homes that hasn't changed much in the past couple hundred years. What does that mean for you? 

For the most part, basic mechanical principles make it work. And the great news is, if the toilet looks okay cosmetically, then replacing these mechanisms basically gives you a toilet that will function as if brand new. 

Let's get started.

What you'll need

  • An XL bucket that can hold about three to five gallons. It needs to fit under the back of your toilet.
  • Crescent adjustable wrenches
  • Rags
  • Replacement parts (fill valve, flapper and/or gasket). *Pro tip* Just look inside your toilet to see what kind of valve it uses. 

    Aside from the replacement parts, we'll bet you have most of these things at home. Replace all or some of these parts using this guide. It's up to you.

    Step one: Empty the tank

    Start by turning off the water using the knob behind your toilet. This keeps the tank from re-filling as you empty it.

    Flush the toilet. This will empty the tank partway. Don't miss this step or there will be way more water in the tank than the bucket can hold.

    Now, place your bucket behind the toilet, and carefully remove the hose from the tank but not the wall. Direct the water into the bucket.

    *Pro tip* If you have a larger than average tank, then you might have more water in it than you can fit into the bucket. Don't freak out it if it fills fast. Just place your thumb over the hole to stop the flow. Empty the bucket into one of the following:

  • Shower
  • Bath
  • Sink
  • Toilet bowl
  • Step two: remove the flapper & gasket

    The flapper simply sits on top of the hole in the bottom of the tank. Simply dislodge the hinge of the flapper and pull it out of the tank.

    Now, remove the gasket under the tank. Just unscrew the tank from the bowl. Lift the bowl carefully and set it on the floor. Remove the gasket by hand. You can then remove the valve by unscrewing it.

    *Pro tip*:  If the nut and bolt are on extra tight, you'll need one wrench to hold the nut under the tank while you unscrew from the inside. 

    Step three: replace the gasket & flapper

    Simply screw the new gasket on. Be careful not to over-tighten and strip the grooves or you'll have a more significant repair job on your hands.

    Screw the tank back onto the bowl, and then install your new valve with the lock nut, which will be under the tank. Place the flexible tube into the tanks overflow pipe.

    Now, snap the new flapper in place and that's it. Use the rags to clean up any water that spilled. Fill up your tank and go. 

    For more easy DIY projects, follow our blog.




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    Posted by Todd Alperin on 9/18/2020

    Nice 1 bedroom with one level of living in sought after Hunters Run Condominiums. The bedroom is very spacious and has an extra large walk-in closet. The kitchen is fully applianced. The large living room has a slider that leads to a private balcony. There is in unit laundry and the washer and dryer were new in 2018. New hot water tank in 2018. Central Air. The building has an elevator. Assigned parking. Enjoy the association swimming pool and tennis court. Fantastic location with shopping, restaurants, gym and highway all nearby. Great commuter location. Low condo fee. Take advantage of today's low interest rates and check out this wonderful condo.

    More Info on this Property | New Listing Alerts





    Posted by Todd Alperin on 9/17/2020


    87 Hunters Run Place, Haverhill, MA 01832

    Condo

    $175,000
    Price

    3
    Rooms
    1
    Beds
    1
    Baths
    Nice 1 bedroom with one level of living in sought after Hunters Run Condominiums. The bedroom is very spacious and has an extra large walk-in closet. The kitchen is fully applianced. The large living room has a slider that leads to a private balcony. There is in unit laundry and the washer and dryer were new in 2018. New hot water tank in 2018. Central Air. The building has an elevator. Assigned parking. Enjoy the association swimming pool and tennis court. Fantastic location with shopping, restaurants, gym and highway all nearby. Great commuter location. Low condo fee. Take advantage of today's low interest rates and check out this wonderful condo.
    Open House
    No scheduled Open Houses

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    Tags: Haverhill   Real Estate   Condo   01832  
    Categories: New Homes  


    Posted by Todd Alperin on 9/13/2020

    Looking to buy a house in the near future? If your answer is "Yes," you may want to start reviewing housing market data. That way, you can gain the insights that you need to make data-driven decisions throughout the homebuying journey.

    Ultimately, there are many housing market data that you'll want to assess as you prepare to buy a house, such as:

    1. Mortgage Interest Rates

    Mortgage interest rates fluctuate constantly. As such, if mortgage interest rates are low, you may want to move quickly to capitalize on them.

    Meeting with banks and credit unions generally is a great idea if you plan to buy a house. These financial institutions can keep you up to date about mortgage interest rates and help you get pre-approved for a mortgage. Then, once you have a mortgage in hand, you'll be ready to pursue your dream house.

    2. Average Amount of Time That a House Stays on the Real Estate Market

    Differentiating between a buyer's market and a seller's market often can be difficult. Fortunately, if you examine the average amount of time that houses are listed in your city or town, you may be able to determine whether you're preparing to enter a buyer's or seller's market.

    In a buyer's market, houses may be listed for many weeks or months before they sell. Also, these houses may be sold below their initial asking prices.

    Comparatively, in a seller's market, homes may be available for only days before they sell. Homes that are available in a seller's market may be sold at or above their initial asking prices as well.

    3. Prices of Houses in Various Cities and Towns

    If you're open to living in a variety of cities or towns, you'll want to evaluate the prices of houses in many areas. That way, you can narrow your house search accordingly.

    Oftentimes, homes in big cities are more expensive than those in small towns. On the other hand, big cities may provide quick, easy access to a broad range of attractions and landmarks that you simply won't find in small towns.

    If you are ready to check out housing market data and begin a home search, it pays to hire a real estate agent too. In fact, with a real estate agent at your side, you should have no trouble enjoying a quick, seamless homebuying experience.

    A real estate agent is happy to provide you with a wealth of housing market data. Plus, a real estate agent will teach you the ins and outs of buying a house. He or she also will keep you up to date about new houses as they become available and negotiate with a seller's agent on your behalf to ensure you can acquire a terrific house at a fair price.

    When it comes to buying a house, it helps to be informed. If you assess the aforementioned data, you can obtain comprehensive real estate market insights to help you throughout the homebuying journey.




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