However, if you’re simply looking at the intricate architecture and are thinking how great it would be to own a piece of the city’s history, you might want to take a step back and consider all the work involved in becoming a historic home owner.

Home Quality

The most important consideration for purchasing a historic home in Orlando is the quality of the house. Whether you’re looking at a bungalow or a mansion, you have to remember that time is rarely kind to real estate.

In addition to outdated materials (like plaster instead of drywall or lead pipes) and difficult-to-work-with architectural styles, you have to consider the costs of restoring the house with authenticity in mind. Many materials are no longer available or can be costly if you want to maintain the historic integrity of your home. The same is true of the availability and cost of craftsman qualified to work with your particular home.

Florida Housing Regulations

Many historic homes are overseen by governing bodies that regulate what you can and can’t do to your own home. If you’re in the market to purchase a historic home, make sure you know who you will have to go through to get the right permits for renovation, or if you’ll need to register and pay a fee to get your home listed as an authentic historic site. You might also want to note what kind of tourist interest you will get from having a historically-listed site.

Financial Investments

Fortunately, not everything about owning a Orlando historic home is hard work! Historic homes, when restored with authenticity, safety, and modern comfort in mind, are an incredible financial investment. Many people are willing to pay top dollar for homes that are in perfect shape or that have a keen attention to detail.

Many local governments also offer tax credits and tax freezes for those who maintain a certain level of quality in their registered historic homes. This means that a historic home can be a great investment, as well as a beautiful piece of architecture.

Finding and Buying Your Historic Home

When refurbished to contain all the modern amenities today’s families need and enjoy, a historic home can become a showpiece – both for your own visitors as well as those interested in the history of Orlando, Winter Garden and Windermere. As with all real estate purchases, however, this one should be made after much consideration and under the guidance of your trusted agent.

Choosing a home in FL based on the quality of the neighborhood is especially important. There are so many diverse and incredible places to live here that you can change your lifestyle simply by moving closer to that hip, urban center or further out, where suburban sprawl or a few acres of your own are calling.

Most people already look at neighborhoods and communities in Orlando when considering a home purchase. In fact, some of the more common considerations include:

• School districts
• Type of neighborhood (gated, urban, suburban, etc.)
• Public transportation options
• Access to commuting routes
• Proximity to shopping
• Proximity to facilities like police, fire, or medical care
• Tax rates
• Crime rates

However, although these are all very important parts of choosing a neighborhood in the Orlando, Windermere, Winter Garden Florida areas, finding the facts might not be as easy as you hope. For example, things like tax rates can be researched, but you’ll also need to look at the future of development in the area. If there’s a big plan for condos to go up in your family neighborhood, you might find that the area is gearing for development. This might mean higher tax rates as the community draws in a higher-income crowd. (It might also mean a change in the neighborhood dynamic).

It’s also important to consider the different times of day and the year in which you visit your prospective home.

• How crowded are the streets during rush hour? On the weekends?
• How safe do you feel walking around during the day? What about at night?
• How maintained are the parks and streets in the winter? In the summer?
• How is the noise level at night or in the morning? Does this change on the weekends?

In order to make the most well-informed decision possible on your new home in Orlando, it’s best to ask a trusted real estate professional like Jay Myers or to talk with current (and past) residents. Not only will you get an insider’s view on what the FL community looks like after hours and in real life, but you might also learn that the people who will become your new neighbors are an enticing draw all on their own.

The truth is, there’s no reason why your Orlando home has to be the size of a small country in order to appeal to homebuyers. Small spaces, while more of a challenge to decorate and stage, have quite a bit of potential for appealing to those looking for charm, coziness, and class. If you’re doing the staging for your home yourself, here are few important tips in making your small home look like it’s worth every penny.

1. Get rid of the stuff. In any home staging effort, you want to get rid of personalized items and all the miscellaneous knickknacks that find their way into your home – including paintings and even overly unique drapes. This is never more important than when you’re trying to make a small house look bigger in FL.

2. Go for neutral colors. Dark colors make rooms look smaller in size. By using light, airy colors, you’ll give the appearance of more light – and therefore, more space.

3. Offer storage options. Most people need to really “see” themselves in a Orlando home before they buy it. If you find creative ways to set up storage (such as in hidden cupboards, in strategic locations behind the couch, or even in a great set of shelves), you’ll give the impression that the house is not only beautiful, but livable.

4. Go for high-end details. Many of today’s homebuyers are willing to overlook a smaller space as long as it still retains a high value. Things like crown molding, built-ins, great appliances, and hardwood floors can go a long way in adding to the charm factor.

5. Use bright, strategic lighting. As with choosing lighter colors for wall paint, the idea of using light to give the impression of space is a good one. This is especially true if you can use track or recessed lighting to streamline the space even more.

Remember, there is no such thing as a typical homebuyer. By neutralizing your space and offering the little luxuries that allow people to envision themselves in your home, you’re allowing them to look beyond square footage to see how your Orlando house for sale will help them create a lifetime of memories.

While most homeowners should make changes to their houses that suit their lifestyle rather than the eventual sale price of their home five, ten, or even twenty years down the road, there are a few things to keep in mind. After all, if you will someday be selling your Orlando house, you want to be sure you’re maximizing your profit.

• Repair all the little things – now. Most of the time, homeowners are willing to overlook the little idiosyncrasies like a broken step on the porch or chipping paint on the kitchen cabinets while they live in their house. These small repair needs are a bit like a knee that acts up in the rain or a car that always requires you to turn the key three times to the right before starting; they just become part of the everyday backdrop of your life. However, for someone buying a home in Orlando, Windermere or considering real estate in Winter Garden, these things can become glaring problems. By fixing issues as they arise (rather than waiting until you’re ready to sell your FL home), you not only avoid making major repairs all at once, but you actually get to enjoy the repairs while you live there.
• Know your neighborhood. If you live in one of Orlando’s family-friendly neighborhoods, chances are things like well-maintained yards, large family rooms, and spacious kitchens will be worth more in the long run. If you live in a Windermere condo, you might find that built-in bookshelves and jacuzzi bathtubs are more appropriate. While you don’t have to tailor every change to your eventual sales audience, you can choose to make the types of changes that will translate into the highest returns.
• Don’t ignore the less visible changes. Almost all of the houses for sale in Orlando go through cosmetic changes before they hit the market. Fresh paint, new kitchen appliances, and good landscaping are fairly common. Less common are things like a new roof, updated plumbing, or even a newly-installed automatic sprinkler system. However, these things show up in a home inspection evaluation, and when you put your trust in a FL real estate agent like Jay Myers, these types of changes will always get the focus and attention they deserve.

The most important thing you can do to your Orlando home is enjoy the time you’re going to spend there. However, by keeping its eventual sale at the back of your mind, you’ll be able to get the most out of your life – and your investment.
]]> http://www.orlandorealtyandpropertymanagement.com/get-the-most-out-of-your-home/feed/ 0 http://www.orlandorealtyandpropertymanagement.com/real-estate-and-the-holidays/ http://www.orlandorealtyandpropertymanagement.com/real-estate-and-the-holidays/#comments Tue, 15 Dec 2009 04:07:33 +0000 Jay Myers http://www.orlandorealtyandpropertymanagement.com/?p=599 Now is still a really good time for Real Estate in Orlando, Windermere, Winter Garden Florida areas. Buyers can, and do, get serious during this busy time of year. Lots of sellers take their homes off the market during the holidays, assuming no one will be buying at this time. But with serious buyers still out there and a lower inventory of homes, your home has a good chance of standing out. With fewer homes for sale, competition is decreased. There are good reasons to sell your home during the holidays.

Buyers are more serious during the holidays. Anyone shopping for a home during the holidays probably has to buy before a certain deadline. Therefore some buyers may be looking to relocate before the new year. Investors may also want to close before the end of the year for tax reasons. If you live near a university, students and staff may be looking for homes between academic sessions, and if you live near a military base, servicemen and women may be moving to the area. Work with me, Jay Myers, your agent to target these motivated buyers. Buyers have more time to house-hunt. Buyers who are looking at this time during the holidays are serious about making a purchase. Some buyers purposely wait until their families are together for holiday vacations to start looking for a home. Homes show better in the winter. Decked out in lights and garland, homes often look their best during the holiday months. Take advantage of the Holidays and spruce up your homes to make them more festive. Deck the halls, but don’t go overboard, just enough to make your prospects feel at home and your home still looking spacious.

Home sellers can’t always take a holiday from keeping their house on the market. Instead, they should consider ways to turn the holidays to their advantage. By holding a holiday-themed open house – maybe instead of the traditional Sunday afternoon open house; your home could be open in the evening to take advantage of a festive holiday light display. Keep in mind to not block or cover up important selling features such as fireplace mantels, stairs, stained-glass windows. Tone down the size of tree. In place of a 10-foot tree, try decorating a table-top, four-foot version. Set a plate of cookies on the counter, next to festive paper napkins for guests. Giving house hunters a place to escape from the cold is another excellent way to get them inside your home.

The holidays are stressful enough without having to think about staging and open houses, so if you’re not truly motivated to sell, it’s probably best to wait a few months. But if you absolutely have to sell, don’t be discouraged. A good agent like myself can take the burden off of your shoulders, giving you more time to enjoy the season.

With these tips in mind, it is possible to enjoy the holidays and still successfully feature a home for sale on the real estate market. Now is still a good time as ever in the Orlando, Windermere, Winter Garden Florida areas.

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However, as any responsible real estate agent will tell you, buying a fixer-upper can be a big challenge. Excessive or hidden damage in a home can be both dangerous and costly. Before you make the plunge, make sure you follow a few important fixer-upper guidelines.

1. Always get an inspection. Nothing will give you a better idea of what kind of repairs you’ll come across than a thorough home inspection from a trusted source. Don’t take on more damage than you, your contractor, and your budget can handle.

2. Pay attention to the layout and structural foundation of the house. If you’ve always dreamed of a large kitchen, make sure your potential new home can be adapted in terms of wiring, plumbing, and layout. Sometimes, the skeletal structure of a house prevents certain types of cosmetic changes.

3. Location matters. It doesn’t matter if you’re looking for a single family house in Orlando, Oviedo or Longwood or a condo in Windermere, Winter Park or Winter Garden; a home’s value is only as high as the neighborhood in which it’s located. A rundown building in a nice neighborhood has the greatest potential to bring an enormous resale price.

4. Know the difference between “big fixes” and “small fixes.” Things like drywall, painting, floor refinishing, landscaping, and hardware are easy to do yourself. Things like plumbing, electrical work, windows, and roofs can be more expensive and difficult. Stick to changes you can make for certain based on your skill level and budget.

When buying a home in Orlando or looking at Windermere real estate options, a fixer-upper can be one of the best ways to get the home of your dreams for a low overall cost. Just make sure you enter into the transaction with your eyes open, with flexibility in mind, and with Orlando Realty and Property Management at your side.

Central Florida home sales have continued to stay just over the 2000 per month mark for the fifth month in a row.  Realtors were apart of 2206 for sale transactions in Orange & Seminole Counties last month.  October of 2008, sales were nearly half of this October’s figure.  The amount of days on the market in October of 2008 was 110 days, October of 00, 98 days.  The inventory of a year ago was 24,657, now just under 15,743.  This continues to be a great time for buyers of Central Florida real estate and buying a home for sale.  Rates still in the 5% is great reason to become a home owner.  For those renting now would be a great time to buy a home with rates this low and an inventory still high.

See our next blog for more property management and real estate sales information.

Here at Orlando Realty & Property Management our motto is “We Treat Your Home Like it is Our Own.”  We rent, sell and manage homes, townhomes, and condos in Orlando, Oviedo, Winter Park, Winter Garden, Windermere, Kissimmee, and other areas of Central Florida

Go to our site, http://www.407rentals.com or give us a call today at 407-641-5049.

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It looks to be true…..that is the Senate passing a bill by unamious vote to extend the $8000 tax credit for home buyers beyond its scheduled November 30, 2009 expiration date.   Now this credit would be available those who close by the end of April, 2010.  This credit will also apply to those buying a second home or subsequent home.  Currently only first time (unless its been more than 3 years) home buyers are eligble. 

Click on the link below and you can read some of the changes and see if they apply to you…..  

http://www.thejaymyersteam.com/default.asp_Q_f_E_cpg_A_pg_E_HomebuyerTaxCreditExtension

Need property management?  Need to buy or sell a home?  Looking for a home for rent?  Go to our site, http://www.407rentals.com or give us at Orlando Realty and Property Management a call at 407-641-5049.  We service all of Central Florida including Winter Park, Winter Garden, Windermere, Orlando, Maitland, Kissimmee, Altamonte Springs and the rest of Central Florida.   

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