What to Do with Your Remodeled Fixer-Upper

 

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Selling your Ft. Lauderdale fixer-upper Home

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The remodeling phase of your Ft. Lauderdale fixer-upper house is complete, and it is finally ready for occupants. Now comes the decision on whether you should sell the home or rent it out. Both options have advantages and disadvantages. Here are a few things to consider as you make this important decision.

Sell for a Profit

South Broward is typically a hot real estate market popular with retirees, families, and single professionals. Selling your home at a profit gives you the needed cash to fund your next flip. To get the most return on your investment, hire an experienced, bi-lingual local real estate agent. Antonio Ortega knows how to manage every stage of your home sale. 

Research by realtors reveals that staging your home helps buyers visualize living in it, possibly leading to a faster sale. If you have furniture and décor to move into the house, research South Broward movers by reading their online reviews. Look for well-referenced companies running deals or credits if money is tight. Once you've narrowed your choices, meet with the top three contenders to discuss your needs and get a quote. 

The True Value of Your Home in South FL

Consider the Landlord's Life

Collecting monthly rent on your finished property is a definite plus. The remodeled home should continue to appreciate as well. However, being a landlord takes money and time, so make sure you have both available before going the rental route.

As a landlord, you are responsible for finding suitable tenants and dealing with their issues if they become unruly. It's your job to handle the lease, collect the monthly rent and manage all the financial records. You are on call 24/7 for any issues on the home.

Ideally, you should have two months' equivalent of rental payments stashed away if needed. That's because you are the one who pays for home insurance, property taxes, homeowner's association fees, as well as all of the major repairs and some of the minor ones. In addition, you receive no rental income if your tenant expectantly moves out.  If you don't have cash on hand for these expenses, you could put your finances in a bind. 

As a landlord, it's your job to market your rental to potential South Broward county renters. An eye-catching banner advertising your listing on your social media pages or website is a great way to get the word out. Try this online banner creator to create customized ads that perfectly fit your Twitter feed, website, Facebook, or Instagram page. Various designs are available, so you're sure to find one that fits your brand. Then, personalize it with your text displayed in an attractive color and font. Finally, add a short video or animation to attract even more attention.

Hire a Property Management Company

Hiring a property management company is an excellent solution If you have the funds to maintain your remodeled home as a rental but don't have the time to be a landlord. An experienced Ft. Lauderdale property manager knows where to market your home and how to find a good tenant. This professional handles rent collection, maintenance, repairs, and all the financial documentation on your behalf for a fee.

Whether to sell or rent your newly remodeled fixer-upper depends on whether you have the extra funds to manage the rental. If not, your best choice is to sell it and reap the profits.

Buyer Important Facts to Know

See Details, I will Contribute 10% of my Professional Fee toward your Closing Costs!

Be it today, tomorrow or six months from now, I'm prepared to offer you dedicated extraordinary service, your referrals are greatly appreciated.

Thank you for the trust placed in me,

Antonio Ortega LLC Fort Lauderdale

                   
        

Visit our Website:  www.SouthBrowardHomesbyTony.com

Antonio Ortega LLC Licensed Real Estate Professional

Text or Call 954-648-6095

Global Luxury Realty, LLC

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Selling your Fixer upper home, Broward Homes For Sale, Broward, Plantation, Davie, Fort Lauderdale, Las Olas, Hollywood, Southwest Ranches, Cooper City, Weston, and other cities.

Home Office in a Florida Home

 

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Relocate your Home and Office to Florida

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Florida is famous for many things — theme parks, beautiful beaches, and even the occasional alligator. Recently, though, the state has developed a reputation as one of the most attractive states to move to. Research conducted at the University of Florida reveals that people relocate to the state for many reasons, including new jobs, economic stability, and low cost of living. If you’re considering becoming a Floridian, you certainly aren’t alone. Today, Antonio Ortega explains why Florida is the perfect place to buy a home and start a business.

 

Minimizing the Struggle of a Cross-Country Move

There are many parts of moving that can be stressful for families. In addition to the obvious financial and physical strain, moving often causes an emotional strain, too. Major life changes are difficult to deal with, even if you’re optimistic about the outcome. Planning ahead and hiring help can mitigate this stress substantially.

You should also start looking for a job as soon as possible in your new state if you don’t already have one. You can start your search online, and if it goes well, fly in for a few interviews before you make the jump. Securing employment is typically a, so it’s important to get your ducks in a row.

Once you’ve moved into your new home, there are still some struggles that may lie ahead. Adjusting to a new home — let alone a new state — can be an incredibly difficult process. You can address this challenge by going out of your way to attend events where you can meet people, make friends, and work to network with others in your field.

 

Budgeting for Your Business and Cost of Living

Moving to Florida might give you a new lease on life, and it may even inspire you to start your own business. Balancing a business with the cost of moving could be a challenge, but with a thorough budget, it can be done. You should start by accounting for grocery and housing costs.

You’ll also need to get started with a new doctor. Especially given how busy you are, you might prefer to forgo the traditional medical route and go online instead. You can set up your virtual doctor appointment in moments from the comfort of your own home.

Another important cost to calculate is your monthly insurance premiums. This likely includes health insurance, car insurance, and homeowners’ insurance. The latter of these may not offer the breadth of coverage that you need, though — in fact, it typically excludes any damages to your home’s HVAC system, plumbing, or electrical — as well as any issues with appliances. To cover these liabilities, you should seek a good home warranty plan; find home warranty reviews to help with the decision.

In addition to your living budget, you need to make a business budget. This should be part of a bigger business plan that also includes an overview of your company’s goals, finances, services, and marketing plans. This plan will help you achieve your goals and ensure that your company is successful. Lastly, you can work with services that can assist you with the business formation process.

 

Building a Home and a Business in Florida

Florida is one of the best places in the nation to move, buy a house, and start a business — so why not do all three? If you’re looking for a place that’s family-friendly and great for entrepreneurs, too, Florida fits the bill. Build a budget to get your business off the ground and invest in a home warranty to protect your home from damage.

See Details, I will Contribute 10% of my Professional Fee toward your Closing Costs!

Buyer Important Facts to Know

Be it today, tomorrow or six months from now, I'm prepared to offer you dedicated extraordinary service, your referrals are greatly appreciated.

PS. I'll word your Offer to Purchase with your protection in mind.

Thank you for the trust placed in me,

Your Friend Tony Ortega

                   
        

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Antonio Ortega LLC Licensed Real Estate Professional with Global Luxury Realty

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A Checklist to Prepare for a Florida Work-Related Move

 

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Relocating to Fort Lauderdale, Florida

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If you're planning to move for your career, chances are you’re both excited and a little nervous. Before you can dive into your new life and job, however, you need to move your life there. Sounds daunting? Don't stress. Below, Antonio Ortega of Global Luxury Realty presents a pre-moving checklist that will help you organize a stress-free transition.

Find the perfect neighborhood and place to call home

Start by figuring out what neighborhood you want to live in. Consider factors like proximity to your work, school district for your kids, and access to amenities like parks and stores. Antonio Ortega can help you find your perfect home. 

Prepare for the move by decluttering, packing, and hiring movers

Once you have your new home lined up, it's time to pack up your old one. Begin by decluttering. You don't want to waste time and money moving things you no longer want or need to a new place. Next, pack your boxes, making sure to label them appropriately according to what room they should go in. Finally, hire insured and licensed movers.

Identify essential goods and service providers in your new neighborhood

You don't want to wait until you're already in your new home to hunt down essential goods and service providers. What if you urgently need a doctor for yourself, a dentist for your kid, or a veterinarian for your dog? Do some online research before you move and save the contact information of some essential services. For example, you can find a comprehensive list of healthcare providers via this database from U.S. News & World Report.

Make a pre-moving checklist of administrative details to handle after arrival

While you can do a lot before your move, there are some administrative details you'll have to handle after you arrive. Examples include turning on the utilities in your new place, updating your car's registration, and changing your license. Make a to-do list of helpful resources now of things to take care of later. For instance, you can research DMV locations where you can update your license and registration online.

Proactively tackle the mental challenges of relocation

Relocating is exciting but it can also be draining. Be prepared for some emotional ups and downs. You may find that you struggle with loneliness or homesickness right after you arrive, for example. Offset such feelings by setting up a strong support network and reaching out for help if needed. Staying busy can help you settle into your new surroundings, so look up activities, clubs, and social groups you can join once you get there in advance.

Prepare to integrate into your new community

It takes more than logistical details like updating your license and turning on the utilities to make a place feel like home. You also need to make an effort to integrate into your community. Apps like NextDoor are a great way to start connecting with others in your area. You can also get to know people by attending local events and shopping at locally owned businesses. If you have kids, encourage them to participate in extracurricular activities.

Make Career Preparations

Always keep in mind that your new change may not work out — that happens! But don’t freak out. There are ways you can safety-proof yourself and plan for the future. For example, make sure you keep your resume up to date and current; this is very important if you suddenly find yourself without a job. So, there are many online resources that can help you create a truly engaging resume. Check out these free resume templates to get started, and don’t be afraid to experiment with different styles and fonts.

Although a move can be scary and completely overwhelming, it will be worthwhile in the end. What’s more, you and your family will undoubtedly enjoy living in this new place. Follow the steps above to help with your move and you'll be good to go.

How Much will my Home be worth in 5 years?

Going with a conservative appreciation rate for Homes of 3.5% per year you can expect a $500K Home to appreciate to:

5 years $594K

10 years $706K

20 years $1 Million

Due to low interest rates and other issues home values in Broward County FL increased by at least 20% in 2021, so as you can see the chart above is on the conservative side.

See Details, I will Contribute 10% of my Commission towards your Closing Costs for an Existing or a New Home, which is the same as Cash!

As you can see the more home you can afford the better. This is not a guarantee it is only an estimate.

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Be it today, tomorrow or six months from now, I'm prepared to offer you dedicated extraordinary service.

Have a Beautiful Day!

                   
        

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Moving into a Bigger Home to Support Your Business

 

Moving into a Bigger Home

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Has your home business outgrown the size of your house? If you’re thinking about upsizing to support your growing business, you’ve come to the right place! There’s a lot to consider when it comes to upsizing, especially when you have a thriving business to manage. We’re here to help make the process a little easier. Let’s explore a few of the most important steps involved in upsizing your home to accommodate your growing business.

 

Get Professional Buying Help

An experienced real estate agent like Antonio Ortega LLC can help you find the perfect new home for your family and your business. Make sure your real estate agent knows the area inside and out! They’ll be able to recommend hidden gems and up-and-coming neighborhoods where you can afford a larger home without breaking the budget. And if you’re looking for specific features—a detached garage that you can turn into a workshop, for example—your real estate agent will know just the place.

 

Determine Your Buying Budget

When it comes to upsizing, it’s important to stick to a budget. Buying more home than you can afford will put a strain on your finances and leave little cash leftover for your business. Money Under 30 explains that the rule of thumb is to keep your housing costs at no more than 28% of your gross household income. After insurance, association fees, and property taxes, your total housing costs should not exceed 32% of your income. On top of this, your total monthly debt payments should not exceed 40% of your income. Remember that your moneylender will evaluate your debt-to-income ratio when determining your eligibility for the mortgage you want!

 

Insure Your New Home

When you run a business from home, it’s important to have the right insurance to protect your business property from damage. Because regular home insurance only covers damage to your home’s structure or the theft of your belongings, you may want to get a home warranty to cover your home's systems and appliances. Home warranty coverage defined—a home warranty is an annually renewable contract that covers damage and breakdowns to HVAC, electrical systems, plumbing, and appliances. The Balance Small Business also suggests getting special home-based business insurance to cover claims arising from your business activities.

Make Home Business Upgrades

After moving into your new home, think about making a few upgrades that will accommodate your business a little better. For example, you might want to install a solid core door in your home office to block exterior sounds. You could even replace your home office windows if they’re letting in a lot of street noise. If you buy a home with a garage or basement, consider converting this storage area into a home office. Garages and basements make great home offices because they’re situated far away from the rest of the household, meaning fewer distractions throughout the day. These home office conversions are also ideal if you need to install a separate entrance for visiting clients.

Set Up a Home Office

Once you’ve decided on the perfect location in your home for your new business space, it’s time to turn it into a functioning office. Remember that your Wi-Fi router might be further away in a bigger home, so you may want to get a wi-fi extender to ensure you have a fast connection for work. Install a few functional storage pieces to keep clutter from building up around your office. If your new office is fairly large, consider using furniture and décor to create different zones within the room. For example, you could position a few comfortable chairs in one corner as a casual place to hold meetings with clients.

See Details, I will Contribute 10% of my Commission towards your Closing Costs for an Existing or a New Home, which is the same as Cash!

If your business is quickly outgrowing the confines of your home, you must be doing something right! Upsizing into a bigger space will give your business some breathing room to grow even bigger. Take the time to find the perfect space and adjust accommodate your specific business needs.

Looking for a home in Fort Lauderdale? Antonio Ortega LLC can help! 

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Thank you for the trust placed in me,

Antonio Ortega, LLC

           

www.AntonioOrtegaLLC.com     For Residential Properties

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Contact me and ask me about New Homes in Florida.

      

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P.S. Be it today, tomorrow or six months from now, I'm prepared to offer you dedicated extraordinary service.

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