So you want to buy a better house AND you’ve saved your down payment, but I don't want two mortgages. I mean absolutely don't want two mortgages! First of all let me say congratulations!! Really nice work. It is hard to save a down payment for your next home when you're already making a mortgage payment and food and maintenance costs and all that, that comes with home ownership. So congratulations to you. If you already have your down, but you don't want to have two mortgages, let's take a look at the options that are available for you. There are five ways that you can buy your home when you already have your down payment. Even if you don't want two mortgages.
After 18 years in real estate I have seen first time home buyers make some mistakes for sure. But, in a crazy seller’s market if you are considering buying your NEXT house you might be thinking….what could go wrong? Don’t waste time and money, if you are selling your first home and are a first time home SELLER, here are a few things to think about:
On sprawling acreage properties privacy is just a given, but if you are in town or a neighborhood with small lots it might seem like a luxury. Imagine your neighbors watching you as you entertain friends for a backyard BBQ or worse having a neighbor that is less than stellar at maintaining their property and looking at a stack of old tires or the side of your neighbor’s house…not very relaxing! Privacy solutions come in many forms to suit your needs. Here are 9 ideas for projects that can be completed with ease maybe even just over a weekend.
Move over Air BNB there is a new short term rental investment in town…..Corporate Housing! What is a Corporate Rental? Corporate rentals are properties typically condos that are in close proximity to major employers and typically rented by said employers to house their out of area employees on a short-term basis. A week, a month, a year, it really depends on the company and the extent of the project the employees are working on. Typically, these condos are furnished, and offer not only a quick commute (sometimes even walking distance) to the employer but also convenient access to amenities such as food, entertainment, recreation as well. Anything that will help their employee with their quality of life.
Why invest in Corporate Housing? There has been a big push post Corona virus with Corporate housing as most employees work remotely now and many have moved substantial distance from their employer, sometimes even out of state with their new remote work options. That means, when a project or meeting requires them to be in attendance with the employer corporate housing is a great benefit. Another uptick in the demand for corporate housing is with the currently HOT housing market. This is a great option for someone who has sold their home and needs a temporary housing options while they look for a new home. The rates are high which makes them extremely attractive for investors and just like Air BNB or VRBO there are sites where you can advertise your corporate housing to minimize vacancy and maximize profits! Here is a sneak peek at average corporate housing rates in the Puget Sound.
Bellevue 2 bedroom $2800/month
Seattle 2 bedroom $3000/month
Redmond 2 bedroom $2800/month
Bothell 2 bedroom $2400/month
Thinking about investing in Corporate Housing? Check out condo listings in the Puget Sound here! 2 Bedroom Condos Puget Sound surrounding