Posts Tagged ‘[email protected]

What’s the Real Value of Brooklyn New York Homes?

Sunday, January 30th, 2011

As a society, it seems like we’ve gotten away from appreciating our Brooklyn New York homes for their emotional and sentimental worth.  Instead, we focus solely on their monetary value. Do You Consider Brooklyn Real Estate a House or Your Home?

An appraiser can estimate a Brooklyn New York home’s monetary value, but to gain a true concept of your home’s worth, you must also take into consideration:

1.      Pride of home ownership. You don’t buy a pair of Prada shoes because you’re going to be able to resell them and make a profit.  You buy them because they make you look good and feel good.

2.      Security and stability. Your home provides a roof over your head that’s in your control.  You can decorate it how you want.  You don’t have to worry about a landlord selling the property or asking you to move out.  In the “olden days” (or should I say “golden days”), we called our homes our castles because, as homeowners, we felt like the kings and queens of our Brooklyn New York homes.  You can still feel that way!  Claim your castle and crown yourself king or queen today.

3. A safe haven. After a tough day at work or a day of disappointments, where’s the first place you think of going?  Home!  As Dorothy says, “There’s no place like home.”

4. A place to make memories. Your son’s tree house and daughter’s playhouse.  The markings on the wall that tracked your children’s growth.  The porch swing where you start and end every anniversary celebration.

5.      A neighborhood full of friends. In the event of an emergency, your Brooklyn neighbors are your first line of defense.  They’re also the simplest, best and least expensive form of security.  Additionally, they may have the exact tool you need for a project; the extra pair of hands you need to complete a project or children to become playmates with yours. Neighbors also give you that much needed in-person, up-close social network.

Even if your home’s economic value has dropped, you continue to benefit from its emotional values of community, stability, security and success.

Thinking of buying a home?  I can help you evaluate the emotional and monetary worth of your Brooklyn homes and find a home that fits your values and lifestyle.  Give me a call today Charles D’Alessandro of Fillmore Real Estate at (718) 253-9600 ext 206 or email me at [email protected].

Brooklyn Real Estate Investments: 4 Ways to Make Money

Sunday, January 30th, 2011

Now is a great time to get into the investment real estate market. Not only does investment property give you a real tangible asset for your portfolio, you can also get Brooklyn real estate investments at great prices right now.

Here are four ways to make money from Brooklyn,N Y real estate investments that you might want to consider.

  • Rental properties. Not everyone enjoys owning rental property, but it is one of the most profitable ways to make money from real estate.  Rental properties give you a constant residual income that lasts as long as you keep the property.
  • Flipping. While the house flipping craze of the 80s and 90s cooled down with the current mortgage and housing crunch, for serious investors who take the time to know what they are doing, it is still a viable means of making money in real estate.  This is typically a shorter term method of real estate investing.
  • Rehabbing. Buying a Brooklyn house to live in while you fix it up and resell it is similar to flipping, except that most rehabbers take longer to renovate the home, and use it as their primary residence while doing the work. There are three reasons this is a more comfortable way to flip Brooklyn real estate investments. First, you have a place to live and don’t have to pay a mortgage on another property.  Second, you don’t have to feel as pressured to sell in a short period of time the way you do a flip.  Third, you may receive all the homeowner benefits like tax breaks and no capital gain tax.
  • Subdivide. This form of investment requires a little advance preparation and investigation. When you discover a sizeable piece of land at a good price, find out if it is zoned so you can subdivide it.  If it is, you can profitably sell off individual parcels to those who want to build on it.

If you would like more information on ways to invest in real estate that makes sense for you, I can help. Contact me Charles D’Alessandro at Fillmore Real Estate  at (718) 253-9600 ext 206 or email me at [email protected]