Ray Werger Real Estate

🔍 Are you interested in getting started in real estate investing?

😉 The following information describes the four main types of investment properties and how they differ.

1. Residential Real Estate
Residential real estate includes anything people can live in: single-family homes, apartments, condos, townhouses, etc.

2. Commercial Real Estate
Commercial real estate includes any property that can be used for commercial purposes. This includes retail stores, restaurants, and office buildings.

3. Industrial Real Estate
Industrial real estate is any property used for warehousing, manufacturing, or distributing products. These properties are usually owned by highly skilled investors with very extensive/diverse portfolios who know the potential for huge profit when they see it.

4. Land Investments
Investing in land is risky because raw land won’t generate income on its own. As the owner, you’re responsible for paying taxes on the property, dealing with zoning and environmental issues, and finding developers to turn it into something that will make money.

Ray Werger | Royal LePage West Real Estate Services
[email protected] | (604) 830-3557
http://www.bcrealestatesales.com/

The 4 Types of Real Estate Investments and How They Differ Ray Werger

🏘️ 6 Things You Can Do To Keep Your Neighbors Happy During Your Home Remodel

😮 As exciting as a home remodel is to you, it’s just as noisy, dirty, and disruptive to your neighbors.

😉 Use the following tips to keep your neighbors happy while your remodeling project is underway.

1. Talk To Your Neighbors
Visit all nearby neighbors and bring along your building plans to show them what’s taking place. This is especially important if their view will be drastically changed once your remodeling project is complete.

2. Be Honest
Don’t sugar-coat the facts. Be honest with your neighbors about the timeframe of the project. Let them know what times of the day will be noisiest and when the project should be finished.

3. Be Empathetic To Your Neighbors’ Needs
Put yourself in your neighbors’ shoes. While you intend to go ahead with the construction project no matter what, maintaining a cordial relationship with your neighbors is important, too.

4. Be Available
Give your neighbors a way to contact you directly with their concerns – a phone number or email is best. Make sure they know they can contact you anytime.

5. Solve Your Neighbor's Problems For Them
If you know you remodel project may be a problem for your neighbor, anticipate this and try to help them solve the issues before they become big problems.

6. Be Gracious
Once the renovations are complete, show a gesture of your gratitude such as hosting an open house or cocktail party or delivering a small gift to show how much you appreciate them.

Ray Werger | Royal LePage West Real Estate Services
[email protected] | (604) 830-3557
http://www.bcrealestatesales.com/

Home Additons Can Make Neighbors Not So Happy! Here Are Tips To Keep Them Happy Ray Werger

❗ Buying your first home is exciting, and it’s also expensive. You may not be familiar with all the costs associated with buying a house, and some of them can be quite unexpected.

🔻 Here are several hidden costs you should be aware of when buying your first home.

1. Appliances
If the previous owners of your new home take all the appliances with them, you’ll need to buy new ones when you move in.

2. Repairs And Improvements
If the home you’re purchasing needs repairs or improvements, you’ll likely be on the hook for them.

3. The Inspection
Before buying any new home, it’s smart to have an inspection done. This will cost money, but it’s worth it for the peace of mind it gives you.

4. Higher Utility Bills
Your electric bill may be higher each month, and it’s possible you’ll become responsible for bills that your landlord used to pay like trash pickup and water.

5. Insurance Premiums
The reality is, however, that the home is much older than the others, and as such, the insurance premiums may be quite high. This may end up costing you more in the long run.

6. The Locks
One of the first things any new homeowner should do (unless they’re buying a brand-new home that no one’s ever lived in) is change the locks on all the doors leading outside.

7. Cable/Satellite TV
Are you used to cable tv? Is your new home wired for it? If your new abode isn’t cable-ready, what about satellite tv? Either one is going to cost you for installation, which is something many new homeowners forget about in the excitement of buying a new home.

Ray Werger | Royal LePage West Real Estate Services
[email protected] | (604) 830-3557
http://www.bcrealestatesales.com/

Hidden Costs First-Time Home Buyers Should Expect Ray Werger

🏠 Buying a first home is more difficult than ever these days, making the dream of homeownership for some just that – a dream.

💸 Even though home prices are higher than they’ve ever been, first-time homebuyers are making their dreams a reality, and here’s how.

Creative Steps To Affording Your First Home

Homebuyers face difficult hurdles when purchasing their first home. House prices are higher than they’ve ever been, making it a challenge to save the necessary down payment and to afford the monthly mortgage payments as well.

Know Your Credit Score And Research Your Options

You should find out what programs (if any) you qualify for to help with things like the down payment and the interest rate. Many lenders have first-time homebuyer programs that lower both.

Make Enough Money To Save Money

While you might not have to come up with a full 20 percent down, you’ll still likely need a down payment. This means you’ll need to make enough money to pay your bills and to save money for a new home.

Be Creative When Coming Up With The Down Payment

Many first-time homebuyers agree that coming up with the down payment is the biggest hurdle. You may or may not need to come up with a full 20 percent for the down payment, however.

Know What You Want But Be Flexible, Too

Everyone has an idea of what their dream home should be. Many first-time homebuyers are disappointed when they find that dream home but discover it costs way more than they can afford.

Ray Werger | Royal LePage West Real Estate Services
[email protected] | (604) 830-3557
http://www.bcrealestatesales.com/

How to Afford to Buy Your First Home Ray Werger